Change of premium
Apply to increase or decrease your premium.
Instructions
If you have an investment-linked policy, you have the flexibility to increase or decrease your premium payable, subject to the sum assured limits of your policy.
Please get in touch with your Representative to discuss the options for your policy.
If you would like to make changes to your policy premium, please complete the Policy Details Change Form and submit it to us with the necessary document(s) requested.
What you need to provide
1. Completed Policy Details Change Form*
*For increase in premium, your Representative will assist you in the submission of additional requirements.
FAQs
When will my request take effect?
Your request will take effect on the next premium due date.
At what price will the fund units be bought?
The units will be bought at the forward offer price.
How will the allocation rate on the increased premium be determined?
The increase in premium is invested based on your policy’s first-year allocation rate.
Who will need to sign the form to activate the change?
For non-trust policies, the Assignee or Policyowner must sign the form.
For a Trust policy under S49L, either of the following parties must sign the form:
• Policyowner and any one Trustee (excluding the Policyowner), or
• All Beneficiaries (each Beneficiary must be at least 18 years old)
For a Trust policy under S73, the Policyowner and all Trustees must sign on the form.
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Change to recurring single premium
Make changes to your standing instruction for recurring single premium (RSP) investments.
Change payment method
Apply to change your payment method from GIRO to Direct Billing or vice versa.
Change rider/supplemetary benefits details
Apply to make changes to your rider or supplementary benefit.
Secondary life insured option
Apply to appoint or change the Secondary Life Insured of your policy.
Convert to reduced payout policy
Apply to use your policy's cash value to convert the policy to a reduced paid-up policy.
Notify Manulife of a will or a will change
Notify Manulife when you have made a will or a change to an existing will.
Surrender or withdraw a policy
Apply to surrender or withdraw a policy in full or partially.
