Prime Life Rewards 5

Wealth Accumulation

Prime Life Rewards 5

Short term commitment, lifetime rewards

Whether to secure guaranteed monthly cash payouts for life to enhance your retirement income or to kickstart an affordable plan for future retirement needs, Prime Life Rewards 5 helps to fulfill your desired retirement.


Enjoy full flexibility to receive monthly cash payouts from the 4th anniversary of your policy or to grow your savings even further for a lump sum cash payout to add to your retirement nest egg... the choice is yours while enjoying coverage for life.

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Key Benefits


Five-year commitment for lifetime coverage

Enjoy the certainty of a fixed annual premium over a short paying period of five years, while receiving lifetime protection of death coverage1 .


Hassle-free application, guaranteed acceptance

Accumulate your wealth faster as this plan offers coverage without any requirement for medical underwriting.


Receive monthly payouts for life

You can choose to get yearly cash payouts up to 3.40%*  of total premium on a monthly basis for life. Or choose to accumulate your cash payouts to earn additional interest3 .

How Prime Life Rewards 5 works


Critical illness: To help pay for treatment expenses across three stages of illness - early, intermediate and critical - consider Critical Care Advantage.


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


Ultimate coverage against accidents: To enjoy the reassurance of up to S$3.5 million sum assured for permanent disability or death due to an accident, consider Prestige PACare.

1 Death Benefit payable is higher of the following: 101% of total standard annual premiums paid, less total Survival Benefit paid out (if any); or Guaranteed surrender value, plus attaching bonus (if any) and less any indebtedness.


* 3.40% comprises guaranteed income computed at 1.50% of total premium and non-guaranteed cash bonus computed at 1.90% of total premium. Non-guaranteed cash bonus is based on illustrated investment rate of return of 4.75% p.a. As the bonus rates used for the benefits illustrated are not guaranteed, the actual benefits payable will vary according to the future experience of the participating fund. 3.40% is rounded down to the nearest decimal place in the illustration and only applicable for yearly payment mode.


Refers to total annual premiums paid over the full premium payment term for the policy.


Current prevailing rate at 3% p.a, subject to change without prior notice.

The figure comprises of guaranteed and non-guaranteed benefits. The non-guaranteed benefit is illustrated based on assumption that the illustrated investment rate of return of the participating fund is at 4.75% p.a.


At 3.25% p.a. illustrated investment rate of return:
The amount that Mr. Lim collects from the 4th policy anniversary is S$1,485/ year. At age 75, the amount he has received from the monthly payouts is S$46,616, and the amount he receives from the lump sum cashout is S$57,665. Hence, the total amount he receives is S$104,281. As the bonus rates used for the benefits illustrated are not guaranteed, the actual benefits payable will vary according to the future experience of the participating fund. Policy will terminate after lump sum cash out of full surrender value.

All ages specified refer to age next birthday.


Figures illustrated are rounded down to the nearest dollar.


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.


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 ( or


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


Information correct as at 3 December 2018.