# Gro Saver Flex Pro

**Insurer:** Income Insurance (Income Insurance Limited)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/202135698W/GSME_Summary.pdf

## Source wording

- **Effective from:** (not stated in document)
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/202135698W/GSME_Summary.pdf
- **PDF sha256:** `99fda1cf702f16ad8bd0a7132b5d1f10d6d288b2beb20882eed2997da77b3a13`
- **Extraction confidence:** verified

## Extracted facts

### claims

```json
{
  "source_page": 9,
  "direct_settlement": true,
  "documents_required": []
}
```

### free look

```json
{
  "period_days": 14,
  "source_page": 8,
  "refund_basis": "If you choose to cancel the policy, 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

```json
[
  {
    "text": "This policy is not valid if the insured commits suicide within one year from the cover start date. The total premiums paid, without interest, less any amounts we have paid you, and any amount you owe us, from the cover start date will be refunded.",
    "source_page": 8
  },
  {
    "text": "The Terminal Illness benefit is not payable 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": 8
  },
  {
    "text": "After you have been continuously covered for one year 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 this 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 this policy or rider.",
    "source_page": 8
  }
]
```

### cash values

```json
{
  "has_cash_value": true,
  "non_guaranteed_bonus": {
    "text": "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. Annual bonus, or reversionary bonus, may be added to the policy each year. The bonuses are usually calculated as a percentage of the basic sum assured and past year's bonuses. Once annual bonuses are added to your policy, they are guaranteed and will be provided for regardless of the performance of the Life Participating Fund. 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": [
      "reversionary",
      "terminal"
    ],
    "source_page": 4,
    "par_fund_name": "Life Participating Fund"
  },
  "guaranteed_surrender_value": {
    "basis": "For premium term of 5 years and above, there is a surrender value on this policy after premiums have been paid for at least two years. For single premium term, there is a surrender value on this policy after the net single premium has been paid.",
    "available": true,
    "source_page": 3
  }
}
```

### grace period

```json
{
  "days": 30,
  "source_page": 9
}
```

### product type

```json
"endowment"
```

### policy basics

```json
{
  "minimum_sum_assured": {
    "amount": "S$10,000 for single premium; S$25,000 for regular premium term",
    "currency": "SGD",
    "source_page": 3
  },
  "maximum_policy_term_years": "till age 120",
  "minimum_policy_term_years": 10
}
```

### premium terms

```json
{
  "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": 8,
    "special_account": false,
    "ordinary_account": false
  },
  "payment_modes": [
    "single",
    "annual",
    "semi-annual",
    "quarterly",
    "monthly"
  ],
  "premium_term_options": [
    {
      "label": "Single premium",
      "description": "For single premium term, a single premium amount is payable at policy inception using cash or Supplementary Retirement Scheme savings.",
      "source_page": 8
    },
    {
      "label": "5-pay",
      "description": "For premium term of 5 years, premiums are payable throughout the premium term. You can choose to pay monthly, quarterly, half-yearly or yearly. Premium rates are guaranteed.",
      "source_page": 8
    },
    {
      "label": "10-pay",
      "description": "For premium term of 10 years, premiums are payable throughout the premium term. You can choose to pay monthly, quarterly, half-yearly or yearly. Premium rates are guaranteed.",
      "source_page": 8
    },
    {
      "label": "15-pay",
      "description": "For premium term of 15 years, premiums are payable throughout the premium term. You can choose to pay monthly, quarterly, half-yearly or yearly. Premium rates are guaranteed.",
      "source_page": 8
    },
    {
      "label": "20-pay",
      "description": "For premium term of 20 years, premiums are payable throughout the premium term. You can choose to pay monthly, quarterly, half-yearly or yearly. Premium rates are guaranteed.",
      "source_page": 8
    },
    {
      "label": "25-pay",
      "description": "For premium term of 25 years, premiums are payable throughout the premium term. You can choose to pay monthly, quarterly, half-yearly or yearly. Premium rates are guaranteed.",
      "source_page": 8
    },
    {
      "label": "30-pay",
      "description": "For premium term of 30 years, premiums are payable throughout the premium term. You can choose to pay monthly, quarterly, half-yearly or yearly. Premium rates are guaranteed.",
      "source_page": 8
    }
  ],
  "premium_review_clause": {
    "text": "Premium rates are guaranteed.",
    "reviewable": false,
    "source_page": 8
  }
}
```

### reinstatement

```json
{
  "conditions": "If this policy and its riders (if any) end due to insufficient cash value, reinstatement of this policy and its riders (if any) is allowed within 36 months by paying the premiums owed along with interest. Satisfactory proof of the insured's good health has to be provided 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": 9,
  "window_years": 3
}
```

### non forfeiture

```json
{
  "paid_up": {
    "text": "Not explicitly described as an option in this document.",
    "available": false
  },
  "source_page": 9,
  "extended_term": {
    "text": "Not described in this document.",
    "available": false
  },
  "automatic_premium_loan": {
    "text": "If your policy has sufficient cash value, the premiums for the policy and its riders (if any) can continue through a loan (called an automatic premium loan) and interest will be charged on the loan. The loan and interest will be deducted from any amount due to pay under the policy. The policy and its riders (if any) will lapse when the amount of the loans and interest is more than the cash value of the policy.",
    "available": true
  }
}
```

### suicide clause

```json
{
  "source_page": 8,
  "payout_within_period": "This policy is not valid if the insured commits suicide within one year from the cover start date. The total premiums paid, without interest, less any amounts we have paid you, and any amount you owe us, from the cover start date will be refunded.",
  "exclusion_period_months": 12
}
```

### document metadata

```json
{
  "wording_version": "Version 1.26",
  "product_full_name": "Gro Saver Flex Pro",
  "insurer_legal_entity": "Income Insurance Limited"
}
```

### terminal illness benefit

```json
{
  "available": true,
  "source_page": 2,
  "acceleration_percent": 100,
  "qualifying_definition": "Please refer to the policy contract for the exact terms and definition of TI."
}
```

---

*This summary reflects the policy wording as ingested on 2026-06-05. For current terms, always verify against the source PDF or contact the insurer.*