GREAT Lifetime Payout | Lifetime Retirement Income

Loss of income: To protect yourself against losing your monthly income because of illness or injury, consider Pay Assure. 

Hospitalisation: To cover the cost of hospitalisation, surgical or medical expenses - and make up for loss of income due to hospitalisation - consider GREAT SupremeHealth, GREAT TotalCare and Supreme MediCash. 

¹ For a Standard Annual Premium of S$30,000 and above:

Based on an Illustrated Investment Rate of Return (IIRR) of the Participating Fund at 4.25% p.a., the guaranteed payout is 0.85% p.a. and the non-guaranteed payout is up to 2.43% p.a. At an IIRR of 3.00% p.a., the non-guaranteed payout is up to 1.34% p.a. of the total annual premiums paid.

For a Standard Annual Premium below S$30,000:

Based on an IIRR of the Participating Fund at 4.25% p.a., the guaranteed payout is 0.80% p.a. and the non-guaranteed payout is up to 2.35% p.a.. At an IIRR of 3.00% p.a., the non-guaranteed payout is up to 1.24% of the total annual premiums paid.

The actual benefits payable may vary according to the future experience of the Participating Fund.

² Capital guarantee is on the condition that premiums are paid by annual mode and no policy alterations are made.

³ The prevailing accumulation interest rate is 2.50% p.a. based on an IIRR of 4.25% p.a. and 1.00% p.a. based on an IIRR of 3.00% p.a.. This rate is not guaranteed and can be changed from time to time.

All figures in the above illustration are based on an IIRR of the participating fund at 4.25% p.a. and are subject to rounding.

^* Based on an IIRR of 3.00% p.a., the payout per month from age 54 is S$164.25 (S$100.50 is non-guaranteed).

^† The total amount upon surrender includes total guaranteed and non-guaranteed surrender value plus remaining declared but unpaid cash bonus and non-guaranteed interest earned on unpaid monthly cash bonus. Based on an IIRR of 3.00% p.a., the total monthly payouts received by Michelle is S$11,826 and the total amount upon surrender is S$92,235.

^‡ The total benefit received by Michelle’s family includes total guaranteed and non-guaranteed death benefit plus remaining declared but unpaid cash bonus and non-guaranteed interest earned on unpaid monthly cash bonus. Based on an IIRR of 3.00% p.a., the total monthly payouts received by Michelle is S$61,101 and the total benefit received by Michelle’s family is S$99,399.

Interest earned on the unpaid month cash bonus is accumulated at 2.50% p.a. and 1.00% p.a. based on an IIRR of 4.25% p.a. and an IIRR of 3.00% p.a. respectively. This rate is not guaranteed and can be changed from time to time. The actual benefits payable may vary according to the future experience of the Participating Fund.

All ages specified refer to age next birthday.

This advertisement has not been reviewed by the Monetary Authority of Singapore.

All figures used are for illustrative purposes only and are subject to rounding.

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.

As buying a life insurance policy is a long-term commitment, an early termination of the policy usually involves high costs and the surrender value, if any, that is payable to you may be zero or less than the total premiums paid.

In case of discrepancy between the English and Chinese versions, the English version shall prevail.

This policy 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).

Information correct as at 26 January 2022.