{
  "generated_at": "2026-06-05T12:32:40.774Z",
  "site_base": "https://lifeinsurance.com.sg",
  "insurer": {
    "slug": "income",
    "name": "Income Insurance",
    "legal_entity": "Income Insurance Limited",
    "mas_license_type": null,
    "mas_fi_directory_url": null
  },
  "product": {
    "slug": "gro-retire-flex-pro-ii",
    "name": "Gro Retire Flex Pro \n  II",
    "status": "active",
    "positioning_summary": null,
    "source_url": "https://www.comparefirst.sg/wap/prodSummaryPdf/202135698W/GRME2_Summary.pdf"
  },
  "wording": {
    "wording_version": "2026-06-05",
    "effective_from": null,
    "ingested_at": "2026-06-05T10:57:32.431291+00:00",
    "source_url": "https://www.comparefirst.sg/wap/prodSummaryPdf/202135698W/GRME2_Summary.pdf",
    "pdf_hash": "48cd91f22a83b034bb423eaf704bfaa3de53fa03c99bdf24f8e271691b2ce5e7",
    "page_count": null
  },
  "facts": {
    "claims": {
      "source_page": 11,
      "documents_required": [
        "all relevant documents to support the claim"
      ]
    },
    "riders": [
      {
        "name": "Gro Retire Flex Pro II – Protection Benefit",
        "rider_type": "other",
        "description": "This policy includes a non-participating regular premium compulsory rider, Gro Retire Flex Pro II – Protection Benefit. It pays accidental death Benefit, disability care benefit and retrenchment benefit. This compulsory rider is only applicable for regular premium basic policy and cannot be removed. This rider will end immediately when its basic policy ends.",
        "source_page": 1,
        "available_at_inception": true,
        "available_after_inception": false
      }
    ],
    "free_look": {
      "period_days": 14,
      "source_page": 10,
      "refund_basis": "we will refund you the premiums you have paid, less any medical fees and other expenses such as payments for medical check-ups and medical reports incurred by us."
    },
    "exclusions": [
      {
        "text": "This policy is not valid if the original insured commits suicide within one year from the cover start date. We will refund the total premiums paid, without interest, less any amounts we have paid you, and any amount you owe us, from the cover start date.",
        "source_page": 9
      },
      {
        "text": "We will not pay the terminal illness benefit if your claim arises from: deliberate acts such as self-inflicted injuries, illnesses or attempted suicide; unlawful acts, provoked assault or deliberate exposure to danger; or the effects of alcohol, drugs or any dependence.",
        "source_page": 9
      },
      {
        "text": "After you have been continuously covered for two years from the cover start date, we will pay your claim unless: it is a case of fraud; you fail to pay a premium; the insured has a material pre-existing condition which you did not tell us about when you applied for the basic policy or rider if health declaration is required; you or the insured fail to tell us any significant information or information which is true, correct and complete which would have reasonably affected our decision to accept your application; or the claim is excluded or not covered under the terms of the basic policy or rider.",
        "source_page": 10
      }
    ],
    "cash_values": {
      "has_cash_value": true,
      "non_guaranteed_bonus": {
        "text": "Bonuses are the way you receive a share of the profits of the Life Participating Fund. This policy will share in the profits and losses from this fund as we add bonuses. There are 2 types of bonuses for this plan. The bonus rate, which is declared yearly, is not guaranteed and may vary from year to year according to the future performance of the Life Participating Fund. i. A cash bonus may be payable on top of each monthly cash benefit. The cash bonus, (if any) will be paid out together with the monthly cash benefit during the payout period. ii. Terminal bonus is an additional bonus, which we may pay at the time of a claim, maturity or surrender of the policy.",
        "available": true,
        "bonus_types": [
          "cash-dividend",
          "terminal"
        ],
        "source_page": 5,
        "par_fund_name": "Life Participating Fund"
      },
      "guaranteed_surrender_value": {
        "basis": "For single premium policy, there is a surrender value on this policy after you have paid the single premium. For regular premium policy, there is a surrender value on this policy after you have paid premiums for at least two years.",
        "available": true,
        "source_page": 5
      }
    },
    "policy_loan": {
      "available": true,
      "source_page": 10,
      "interest_basis": "Interest charged on automatic premium loan; exact rate not specified in this document."
    },
    "grace_period": {
      "days": 30,
      "source_page": 10
    },
    "product_type": "endowment",
    "policy_basics": {
      "maximum_policy_term_years": "50 years accumulation period plus payout period up to age 100 of original insured",
      "minimum_policy_term_years": "10 years (accumulation period minimum 5 years for single premium, 10 years for regular premium, plus payout period of at least 10 years)"
    },
    "premium_terms": {
      "cpf_eligible": {
        "srs": true,
        "notes": "For single premium term, a single premium amount is payable at policy inception using cash or Supplementary Retirement Scheme savings.",
        "source_page": 9,
        "special_account": false,
        "ordinary_account": false
      },
      "payment_modes": [
        "single",
        "annual",
        "semi-annual",
        "quarterly",
        "monthly"
      ],
      "premium_term_options": [
        {
          "label": "Single Premium",
          "description": "a single premium amount is payable at policy inception using cash or Supplementary Retirement Scheme savings. Accumulation period ranges from 5 years up to 50 years.",
          "source_page": 9
        },
        {
          "label": "5-year premium term",
          "description": "Premiums are payable for 5 years throughout the premium term. Accumulation period ranges from 10 years up to 50 years. Premium rates are guaranteed throughout the premium term.",
          "source_page": 9
        },
        {
          "label": "10-year premium term",
          "description": "Premiums are payable for 10 years throughout the premium term. Accumulation period ranges from 10 years up to 50 years. Premium rates are guaranteed throughout the premium term.",
          "source_page": 9
        },
        {
          "label": "15-year premium term",
          "description": "Premiums are payable for 15 years throughout the premium term. Accumulation period ranges from 10 years up to 50 years. Premium rates are guaranteed throughout the premium term.",
          "source_page": 9
        },
        {
          "label": "20-year premium term",
          "description": "Premiums are payable for 20 years throughout the premium term. Accumulation period ranges from 10 years up to 50 years. Premium rates are guaranteed throughout the premium term.",
          "source_page": 9
        }
      ],
      "premium_review_clause": {
        "text": "Premium rates are guaranteed throughout the premium term.",
        "reviewable": false,
        "source_page": 9
      }
    },
    "reinstatement": {
      "conditions": "If this policy and its riders (if any) end during the accumulation period because there is not enough cash value, you can reinstate this policy and its riders (if any) within 36 months by paying the premiums you owe along with interest. This applies as long as you give us satisfactory proof of the insured's good health and there is no change in the risks covered by this policy. However, if we do not ask for the insured's health declaration or medical checks at the time of application, then you need not give us satisfactory proof of the insured's good health.",
      "source_page": 10,
      "window_years": 3
    },
    "non_forfeiture": {
      "paid_up": {
        "text": "Not mentioned in the product summary.",
        "available": false
      },
      "source_page": 10,
      "extended_term": {
        "text": "Not mentioned in the product summary.",
        "available": false
      },
      "automatic_premium_loan": {
        "text": "If you still have not paid the premium for this policy or any of its riders after the period of grace, we will pay the premiums on your behalf so this policy and its riders can continue. We will only do this if the policy has enough cash value to repay them. We treat this as a loan (called an automatic premium loan) and charge you interest. If there is not enough cash value, this policy and its riders (if any) will end. We will take these loans and interest from any amount we may be due to pay under this policy. If at any time the amount of the loans and interest is more than the cash value, this policy and its riders (if any) will end.",
        "available": true
      }
    },
    "suicide_clause": {
      "source_page": 9,
      "payout_within_period": "This policy is not valid if the original insured commits suicide within one year from the cover start date. We will refund the total premiums paid, without interest, less any amounts we have paid you, and any amount you owe us, from the cover start date.",
      "exclusion_period_months": 12
    },
    "document_metadata": {
      "wording_version": "Version 1.26",
      "product_full_name": "Gro Retire Flex Pro II",
      "insurer_legal_entity": "Income Insurance Limited",
      "product_summary_pdf_url": "income.com.sg/claims/life-and-health-insurance/surrender-of-policies"
    },
    "terminal_illness_benefit": {
      "available": true,
      "source_page": 2,
      "acceleration_percent": 100,
      "qualifying_definition": "Please refer to the policy contract for the exact terms and definition of Terminal Illness."
    }
  },
  "confidence_tier": "verified"
}