Choose when you want to retire and receive monthly cash payouts inclusive of potential cash bonuses upon reaching your desired retirement age. The total retirement income benefits will potentially reach 5.4X the total premiums paid5 at policy maturity.
Select premium payment terms of 5, 10, 15 or 20 years according to your budget. Choose to start cash payouts from age 56, 61, 66 or 71, with payout duration options of 10 or 20 years. Moreover, you can change the income period at any time, up to 6 months before the first payout.
Receive LOI income benefit2 which gives you an extra 50% of the Guaranteed Survival Benefit if you are unable to perform two Activities of Daily Living (ADLs) during the income period. Upon the inability to perform 3 or more ADLs, you could receive up to an additional 100% of the Guaranteed Survival Benefit.
Our financial representative will answer any questions you may have about our products and planning.
1 Capital guarantee is on the condition that no policy alterations are made.
2 Loss of Independence (LOI) income benefit is payable during the selected income period (subject to applicable deferment period) if the Life Assured, as certified by a medical practitioner, is unable without the continual physical assistance of another person to perform 2 or more Activities of Daily Living (ADLs). ADLs include washing, dressing, feeding, toileting, mobility and transferring.
The Policyholder will receive (i) 50% of the Guaranteed Survival Benefit (capped at maximum LOI income benefit of S$2,500 per month) if the Life Assured is not able to perform 2 of the 6 ADLs; (ii) 100% of the Guaranteed Survival Benefit (capped at maximum LOI income benefit of S$5,000 per month) if the Life Assured is not able to perform 3 (or more) of the 6 ADLs.
3 For Total and Permanent Disability (TPD) that takes the form of total and irrecoverable loss of: (a) sight in both eyes; (b) use of two limbs at or above the wrist or ankle; or (c) sight in one eye and the use of one limb at or above the wrist or ankle, the Life Assured will be covered up to the Policy Anniversary on which the Life Assured reaches the selected Retirement Age. For other forms of TPD, it must occur before the Policy Anniversary on which the Life Assured is 65 Age Next Birthday or when the Life Assured reaches the selected Retirement Age, whichever is earlier. You are advised to refer to the product summary for more details.
4 Based on a 20-year premium term, premium illustrated is rounded down to the nearest 10 dollar. Please refer to policy illustration for actual premium amount.
5 For a 35 year old male with a 20-year premium term, selected retirement of age 71 and income period of 20 years on accumulation option, at an IIRR of the Participating Fund at 4.25% p.a.. At an IIRR of 3.00% p.a., the total retirement income benefits received is up to 2.9X of total premiums paid at policy maturity. The prevailing accumulation interest rate is 3.00% p.a. based on an IIRR of 4.25% p.a. and 1.50% 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 Illustrated Investment Rate of Return (IIRR) of the participating fund at 4.25% p.a. and are subject to rounding.
* This figure is rounded down to the nearest hundred. Please refer to the policy illustration for exact premium amount.
† The figure comprises guaranteed and non-guaranteed benefits. The non-guaranteed benefit is illustrated based on assumption that the IIRR of the participating fund is at 4.25% p.a..
In Scenario 1, based on an IIRR of 3.00% p.a., the total retirement benefits received by Louis at the age of 76 is S$59,005 (2.45X of the total annual premiums paid). It comprises Guaranteed Survival Benefit of S$295.49 per month and Non-Guaranteed Cash Bonus of S$196.22 per month over 10 years.
In Scenario 2, based on an IIRR of 3.00% p.a., the total retirement benefits received by Louis at the age of 86 is S$68,030 (2.83X of the total annual premiums paid). It comprises Guaranteed Survival Benefit of S$156.71 per month and Non-Guaranteed Cash Bonus of S$126.75 per month over 20 years.
As the bonus rates used for the benefits illustrated are not guaranteed, the actual benefits payable may vary according to the future experience of the participating fund.
All ages specified refer to age next birthday.
All figures used are for illustrative purposes only and are subject to rounding.
This advertisement has not been reviewed by the Monetary Authority of Singapore.
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 22 September 2023.