# Singlife     
  Heritage Income

**Insurer:** Singlife (Singapore Life Ltd.)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/196900499K/SinglifeHeritageIncome_PS_May26.pdf

## Source wording

- **Effective from:** (not stated in document)
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/196900499K/SinglifeHeritageIncome_PS_May26.pdf
- **PDF sha256:** `7a6d792c784e50b6633ac1bf21ad1a9968cdcbdc4b793961db8c971319cc1d02`
- **Extraction confidence:** verified

## Extracted facts

### claims

```json
{
  "source_page": 11,
  "direct_settlement": true,
  "documents_required": [
    "Please contact Your Financial Adviser Representative or visit https://singlife.com/en/claims for the claim procedures."
  ]
}
```

### riders

```json
[
  {
    "name": "Supplementary Benefits",
    "rider_type": "other",
    "description": "Subject to Our terms and conditions and provided the Supplementary Benefits are available at point of Your application, You can request to add on additional Supplementary Benefits to Your Policy during the Policy term. Extra premiums are payable for these additional Supplementary Benefits. No Supplementary Benefit is available for single premium payment term Policy. Please refer to the respective Supplementary Benefits' Terms and Conditions for the full details of exclusions.",
    "source_page": 4,
    "available_at_inception": true,
    "available_after_inception": true
  }
]
```

### free look

```json
{
  "period_days": 14,
  "source_page": 11,
  "refund_basis": "You may cancel this Policy within 14 days of receiving it. We will refund the Premiums You have paid (without interest) after deducting any expenses incurred in issuing this Policy."
}
```

### exclusions

```json
[
  {
    "text": "If the Life Assured commits suicide (while sane or insane) within one year of the Policy Issue Date or the date of the last reinstatement of the Policy (whichever is later), the Policy will be voided from the date immediately before the date of death.",
    "source_page": 11
  },
  {
    "text": "Where a change of Life Assured or a transfer of cover to the Secondary Life Assured has been made, if the new Life Assured commits suicide (while sane or insane) within 1 year of the effective date of a change of Life Assured, the issue date of the Endorsement for a change of Life Assured, a transfer of cover to the Secondary Life Assured or the date of the last reinstatement of the Policy (whichever is latest), the Policy will be void from the date immediately prior to the date of death.",
    "source_page": 11
  },
  {
    "text": "Terminal Illness in the presence of HIV infection is excluded.",
    "source_page": 11
  }
]
```

### mwpa trust

```json
{
  "notes": "Appointment of Secondary Life Assured, beneficiary nomination and trust creation are referenced as restrictions on certain features (e.g. Legacy Distribution Option cannot be exercised if a trust has been created), but no explicit MWPA / Section 73 trust offering is described in the document.",
  "available": false,
  "source_page": 7
}
```

### cash values

```json
{
  "has_cash_value": true,
  "non_guaranteed_bonus": {
    "text": "You will enjoy Cash Bonus, Loyalty Bonus and Terminal Bonus as We distribute a share of Our Participating Fund profit to You in the form of such bonuses. The Cash Bonus, Loyalty Bonus and Terminal Bonus rates are not guaranteed and depend on the performance of Our Participating Fund. All future bonuses of the Policy which have yet to be allocated to the Participating Fund Policyholders are not guaranteed and We will decide the level of bonus to be declared each year, as approved by Our Board of Directors (the \"Board\"), taking into account the written recommendation of the Appointed Actuary.",
    "available": true,
    "bonus_types": [
      "cash-dividend",
      "other"
    ],
    "source_page": 7,
    "par_fund_name": "Singapore Life Ltd.'s Participating Fund"
  },
  "guaranteed_surrender_value": {
    "basis": "For single premium: cash value acquired upon inception. For 3-year premium term: from start of 2nd Policy Year. For 5-year premium term: from start of 3rd Policy Year. Guaranteed Cash Surrender Value plus Total Guaranteed Cash Benefit will be at least equal to Total Premiums Paid 2 years after Accumulation Period ends. Guaranteed Cash Surrender Value will be at least equivalent to Total Premiums Paid at the earliest from Policy Year 10 onwards.",
    "available": true,
    "source_page": 3
  }
}
```

### policy loan

```json
{
  "available": true,
  "source_page": 6,
  "interest_basis": "non-guaranteed interest rate determined by Us from time to time; prevailing minimum loan amount and Policy loan rate subject to changes according to Our prevailing terms and conditions",
  "max_percent_of_cash_value": 65
}
```

### grace period

```json
{
  "days": 30,
  "source_page": 5
}
```

### product type

```json
"whole-life"
```

### underwriting

```json
{
  "source_page": 1,
  "pre_existing_treatment": "Guaranteed issuance upon application. No medical underwriting is required."
}
```

### policy basics

```json
{
  "maximum_entry_age": {
    "basis": "age-next-birthday",
    "years": 75,
    "source_page": 4
  },
  "minimum_entry_age": {
    "basis": "age-next-birthday",
    "years": 1,
    "source_page": 4
  },
  "minimum_sum_assured": {
    "amount": "SGD150,000 for Monthly Income option; no explicit overall minimum stated for Yearly Income",
    "currency": "SGD",
    "source_page": 2
  },
  "maximum_coverage_age": "whole-of-life",
  "maximum_policy_term_years": 150,
  "minimum_policy_term_years": "Whole of life or up to maximum of 150 policy years"
}
```

### premium terms

```json
{
  "cpf_eligible": {
    "srs": true,
    "notes": "For Policy funded by Supplementary Retirement Scheme (SRS) monies, the Yearly Income payout will be credited back to the SRS account as per prevailing SRS Guidelines. SRS Entry Age (ANB): Minimum 19, Maximum 75, subject to prevailing SRS Guidelines.",
    "source_page": 4,
    "special_account": false,
    "ordinary_account": false
  },
  "payment_modes": [
    "single",
    "annual",
    "semi-annual",
    "quarterly",
    "monthly"
  ],
  "premium_term_options": [
    {
      "label": "Single Premium",
      "description": "Single premium payment term; subject to Entry Age + Premium Payment Term ≤ 80 ANB",
      "source_page": 4
    },
    {
      "label": "3-Pay",
      "description": "Limited premium payment term of 3 years; subject to Entry Age + Premium Payment Term ≤ 80 ANB",
      "source_page": 4
    },
    {
      "label": "5-Pay",
      "description": "Limited premium payment term of 5 years; subject to Entry Age + Premium Payment Term ≤ 80 ANB",
      "source_page": 4
    }
  ],
  "premium_review_clause": {
    "text": "Premium rates are guaranteed throughout the premium payment term.",
    "reviewable": false,
    "source_page": 5
  }
}
```

### non forfeiture

```json
{
  "paid_up": {
    "text": "You have applied to convert the Policy to a reduced paid-up policy. (Referenced as a restriction in multiple sections; automatic non-forfeiture privilege referenced in Termination clause.)",
    "available": true
  },
  "source_page": 10,
  "extended_term": {
    "available": false
  },
  "automatic_premium_loan": {
    "text": "upon automatic termination under the terms of the Automatic Non-Forfeiture Privilege or Policy Loan clause",
    "available": true
  }
}
```

### suicide clause

```json
{
  "source_page": 11,
  "payout_within_period": "If the Life Assured commits suicide (while sane or insane) within one year of the Policy Issue Date or the date of the last reinstatement of the Policy (whichever is later), the Policy will be voided from the date immediately before the date of death.",
  "exclusion_period_months": 12
}
```

### document metadata

```json
{
  "product_full_name": "Singlife Heritage Income",
  "insurer_legal_entity": "Singapore Life Ltd.",
  "product_summary_pdf_url": "https://singlife.com/en/claims"
}
```

### terminal illness benefit

```json
{
  "available": true,
  "source_page": 4,
  "acceleration_percent": 100,
  "qualifying_definition": "\"Terminal Illness\" means any condition caused by illness or injury, where at the time of claim, despite all reasonable medical treatment, the Life Assured is expected to live for no more than 12 months. Terminal Illness in the presence of Human Immunodeficiency Virus (HIV) infection is excluded."
}
```

---

*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.*