Prestige Legacy - Crediting Rate
For the Prestige Legacy, one unique feature is the crediting rate that will enhance the Account Value1 of your policy.
Your Account Value will grow at a minimum guaranteed crediting rate of 3% p.a. for the initial single premium placement and 1% p.a. for the single premium additions (if any). The actual crediting rates in Prestige Legacy will be determined by the company but it will not be lower than the guaranteed crediting rates.
Please see the table below for the current crediting rates:
1st April 2011
|With effect from
1st April 2011
||5% p.a. (no change)
1Account Value is the total value of the New Money Value and the General Total Value under this policy.
2 New Rate refers to the crediting rate which applies to the New Money Value, and the New Rate will be at least 3% p.a.
3 General Rate refers to the crediting rate which applies to the General Total Value, and the General Rate will be at least 1% p.a.
The above is for general information only. It is not a contract of insurance. The precise terms and conditions of this insurance plan are specified in the policy contract.
Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be less than the total premium paid.
Policy Owners' Protection Scheme
This plan is protected under the Policy Owners' Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg or www.sdic.org.sg)