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Overview

Offering the perfect blend of comprehensive protection and attractive returns, Union Life Plus ensures that you and your loved ones are well supported and financially protected, no matter what life brings.

Key Benefits

  • Enjoy peace of mind knowing you and your loved ones are fully covered. 
  • Choose the payment mode that best fits your financial preferences and lifestyle. 
  • Receive a lump sum at maturity, providing financial security when you need it most. 
  • Tailor your policy with a range of optional covers to suit your unique needs*. 
  • Earn a 10% loyalty bonus at maturity upon the successful completion of all due premiums.

* Refer to the Union Life Plus product brochure to review all available cover options.

Eligibility and Other Information

  • Minimum Age of Entry : 18 years (Nearest Birthday) 
  • Maximum Age of Entry : 65 years (Nearest Birthday) 
  • Cover Ceasing Age : 75 years (Exact)
  • Policy Term : 10 - 30 years
  • Premium Paying Term : 10 - 30 years
  • Premium Payment Options : Monthly | Quarterly | Half-Yearly | Yearly

Dividend Declaration

  • Your fund will continue to grow each month throughout the policy term, benefiting from the competitive annual dividend rates declared by Union Assurance **
Year Minimum Dividend Rate Guaranteed For The Year Declared Dividend Rate
2015 08.00% 09.50%
2016 08.00% 10.50%
2017 10.00% 10.25%
2018 10.00% 10.00%
2019 10.00% 10.00%
2020 09.00% 09.00%
2021 08.00% 08.00%
2022 09.00% 10.00%
2023 09.00% 13.50%
2024 10.00% 12.00%

** An interim dividend rate decided at the beginning of the year will be credited monthly to the individual funds during the year. The actual dividend rate to be credited will be decided at the end of each year and would depend upon the actual performance of the universal life fund during the year. Rest assured; the actual declaration will always equal to or greater than the interim dividend.

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