{ "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": "invest-flex", "name": "Invest Flex", "status": "active", "positioning_summary": null, "source_url": "https://www.comparefirst.sg/wap/prodSummaryPdf/202135698W/VS1_Summary.pdf" }, "wording": { "wording_version": "2026-06-05", "effective_from": null, "ingested_at": "2026-06-05T11:02:01.493008+00:00", "source_url": "https://www.comparefirst.sg/wap/prodSummaryPdf/202135698W/VS1_Summary.pdf", "pdf_hash": "b9f3754c8a9268e715e3a3894da3195cd4f0975600e44a3ef9078d5d445f322f", "page_count": null }, "facts": { "claims": { "source_page": 7, "documents_required": [ "all relevant documents to support the claim" ] }, "riders": [ { "name": "Available riders (not individually named in this document)", "rider_type": "other", "description": "You may attach available riders to enjoy extra protection. All riders are subject to terms and conditions. For more information on these riders, please refer to the relevant product summaries of the riders.", "source_page": 6, "available_at_inception": true, "available_after_inception": true } ], "free_look": { "period_days": 14, "source_page": 6, "refund_basis": "If you choose to cancel the policy, we will refund you: a) The premiums you have paid; or b) The value of your policy units (excluding bonus units) based on the applicable bid price on the date we receive your cancellation request, plus any applicable fees and charges deducted from the policy, whichever is lower, less any medical fees and other expenses such as payments for medical check-ups and medical reports incurred by us. The maximum amount payable to you under this policy (including any refunds and distributions) in the event of such cancellation is the total amount of premiums paid (without interest)." }, "exclusions": [ { "text": "If the insured commits suicide within one year from the cover start date, we will pay the policy value less any bonus at the time we are told about the claim.", "source_page": 6 }, { "text": "TI 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": 6 }, { "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": 6 } ], "cash_values": { "has_cash_value": true, "non_guaranteed_bonus": { "text": "Investment bonus: provided based on a percentage of the regular premiums paid for the first 12 months of the policy term, varying by MIP and annualised regular premiums; used to buy additional units. Loyalty bonus: starting from the 10th policy anniversary, an annual loyalty bonus of 0.5% of the policy value is provided on the next working day from the anniversary, invested in the ILP sub-funds chosen; subject to conditions including no withdrawal in the past 12 months (except under life events withdrawal benefit).", "available": true, "bonus_types": [ "other" ], "source_page": 2 }, "guaranteed_surrender_value": { "basis": "Cash-in value of the policy is payable upon full surrender, calculated as policy value less applicable surrender charge (percentage applied to policy value withdrawn, varying by MIP and policy year as shown in Appendix 2). If policy cash-in value after surrender charge is zero or less, there will be no benefit payout.", "available": true, "source_page": 5 } }, "policy_loan": { "available": false }, "grace_period": { "days": 30, "source_page": 6 }, "product_type": "investment-linked", "policy_basics": { "maximum_policy_term_years": "whole-of-life", "minimum_policy_term_years": "whole-of-life (coverage continues until policy value falls to zero or negative)" }, "premium_terms": { "cpf_eligible": { "srs": false, "notes": "This plan can be paid only with cash.", "source_page": 1, "special_account": false, "ordinary_account": false }, "payment_modes": [ "monthly", "quarterly", "semi-annual", "annual" ], "minimum_premium": { "amount": 200, "currency": "SGD", "source_page": 5 }, "premium_term_options": [ { "label": "MIP 5 years", "description": "Minimum Investment Period of 5 years; yearly minimum $9,600, half-yearly $4,800, quarterly $2,400, monthly $800", "source_page": 5 }, { "label": "MIP 10 years", "description": "Minimum Investment Period of 10 years; yearly minimum $6,000, half-yearly $3,000, quarterly $1,500, monthly $500", "source_page": 5 }, { "label": "MIP 15 years", "description": "Minimum Investment Period of 15 years; yearly minimum $3,600, half-yearly $1,800, quarterly $900, monthly $300", "source_page": 5 }, { "label": "MIP 20 years", "description": "Minimum Investment Period of 20 years; yearly minimum $2,400, half-yearly $1,200, quarterly $600, monthly $200", "source_page": 5 } ], "premium_review_clause": { "text": "From time to time, we may review policy and ILP sub-fund charges under Invest Flex, as well as practices pertaining to the pricing, subscription, redemption and switching of units outlined in this product summary. Circumstances may change in the future, which could require us to revise our charges or practices as described in this product summary. Should any changes or revisions take place, we will communicate them to you and give you sufficient notice before these changes or revisions take effect.", "reviewable": true, "source_page": 7 } }, "reinstatement": { "conditions": "If the policy ends because its policy value falls to zero or less (negative value), the policyholder may request to reinstate the policy and any rider(s) within 36 months from the date the policy ended by starting to pay the required regular premiums, subject to our terms and conditions. However, in situations where the policy value has become negative, a top-up in addition to the required regular premium may be required before the reinstatement of the policy. 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.", "source_page": 6, "window_years": 3 }, "non_forfeiture": { "paid_up": { "text": "Not described in this product summary.", "available": false }, "source_page": 3, "extended_term": { "text": "Not described in this product summary.", "available": false }, "automatic_premium_loan": { "text": "Not described in this product summary. If you still have not paid the premium after the grace period, this policy will enter into a premium holiday.", "available": false } }, "suicide_clause": { "source_page": 6, "payout_within_period": "If the insured commits suicide within one year from the cover start date, we will pay the policy value less any bonus at the time we are told about the claim.", "exclusion_period_months": 12 }, "document_metadata": { "product_full_name": "Invest Flex (VS1)", "insurer_legal_entity": "Income Insurance Limited" }, "terminal_illness_benefit": { "available": true, "source_page": 3, "acceleration_percent": 100, "qualifying_definition": "Please refer to the policy contract for the exact terms and definitions of TI." } }, "confidence_tier": "verified" }