Change payment frequency
Apply to change the frequency of your premium payment.
Instructions
You can choose to pay your premiums on a monthly, quarterly, half-yearly or yearly basis.
If you would like to change the frequency of your premium payment, 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
2. Completed Original Interbank GIRO Form (required when there is a change in the Policyowner’s bank account or when GIRO payment is involved)
3. Outstanding premium to date, if any, and additional premiums for new GIRO application (Please refer to FAQ for more details).
FAQ
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.
