No, though term insurance and life insurance offer protection against death, their premium structure is fundamentally different, and thus it is not possible to convert term to life insurance.

Although you have no dependants, you can consider buying life insurance as a way to save towards a longer term savings target. You may also use life insurance to protect yourself against critical illness or Total and Permanent Disability (TPD)

Riders are additional options you may choose to take up with your insurance policy that offer additional protection/ benefits on top of what is included in your life insurance policy for an additional premium. Common riders include Critical Illness and Total and Permanent Disability (TPD).

Critical Illness and Total and Permanent Disability cover are typically either included in your life insurance or offered as optional riders in your life insurance policy.

Critical Illness cover protects against the possibility of major illness and triggers a pay out from the policy when the insured is first diagnosed with a critical illness that is covered by his policy.

Total and Permanent Disability cover protects against disability and triggers a pay out from the policy if the conditions of total and permanent disability as defined by your insurer are met. 

The premium payable depends on a number of factors such as your percentage of coverage, health status, age, etc.

You are usually allowed to choose your preferred payment frequency: one-time, monthly, quarterly, semi-annually or annually.

A common definition is: the inability to take part in any paid work for the rest of the insured’s life, or total physical loss.

Your insurer may have varying definitions of what a “total physical loss” means. As a general guideline, total physical loss usually refers to:

1. The total and permanent loss of sight in both eyes
2. The total and permanent loss of use of two limbs
3. The total and permanent loss of sight in one eye, and the total and permanent loss of one limb 

You will typically need to provide a medical certificate by a registered medical practitioner certifying that the insured is totally and permanently disabled for period of time (usually at least six consecutive months).

Usual exclusions are deliberate acts such as self-inflicted injuries or attempted suicide. Also excluded are unlawful acts, provoked assault, or deliberate exposure to danger, as well as the effects of alcohol or drugs.

No, once the insurance benefit is activated, your policy and all riders will cease immediately and you do not have to pay premiums.