# PRODUCT SUMMARY
## Singlife Steadypay Saver

[p.1]

## 1. DESCRIPTION OF PRODUCT

This is an endowment insurance plan that facilitates wealth accumulation, provides liquidity via the Guaranteed Cash Benefits payable starting from the end of the 2nd Policy Year to the Policy Year preceding the maturity of the plan. This plan provides You with the Death Benefit (including Accidental Death Benefit) and the Terminal Illness Benefit.

This is a participating Policy that allows You to participate in the performance of Our Participating Fund in the form of non-guaranteed bonuses.

Note: "You" / "Your" relates to the Policyholder. "We"/ "Us"/ "Our" relates to Singapore Life Ltd.

### Product At-a-glance

- Kick start Your insurance savings plan by deciding on the yearly Guaranteed Cash Benefit You would like to receive from the basic plan.
- Guaranteed issuance upon application. No medical underwriting is required.
- Choose to save towards Your goal by paying regular premiums for 12, 15, 18 or 25 years.
- Choose to pay either monthly, quarterly, half-yearly or yearly.
- Receive yearly Guaranteed Cash Benefits starting from the end of 2nd policy year until the Policy Year preceding the maturity of the plan.
- Choose from the flexible cash benefits options available: (1) Receive the Guaranteed Cash Benefits during the policy term; or (2) Re-invest the Guaranteed Cash Benefits with Us at the prevailing non-guaranteed interest rate.
- Benefit from the flexibility to withdraw accumulated Reversionary Bonuses and any re-invested Guaranteed Cash Benefits with interest should the need arise.
- Enjoy peace of mind with Death (including Accidental Death) and Terminal Illness coverage offered under this plan.
- Add on Supplementary Benefit(s) for the extra peace of mind where available.

Note: The Sum Assured on the basic plan is not the Death Benefit. It is used to determine the Guaranteed Cash Benefits payable, Guaranteed Maturity Value and Accidental Death Benefit. Please refer to the section on Death Benefit for more details.

## 2. PLAN BENEFITS

The benefits (including any guaranteed and non-guaranteed payouts) are provided by Us and are not obligations of or guaranteed by Our distributors. You are subject to Our credit risk.

### 2.1 GUARANTEED CASH BENEFITS

You can enjoy Guaranteed Cash Benefits starting from the end of the 2nd Policy Year, payable yearly at the end of each Policy Year, till the Policy Year before Policy maturity, upon survival of the Life Assured. Each Guaranteed Cash Benefit is equivalent to 5% of the Sum Assured on the basic plan.

The total Guaranteed Cash Benefits payable at the end of the Policy term will be:

| Policy Term (years) | 12 | 15 | 18 | 25 |
|---|---|---|---|---|
| Total Guaranteed Cash Benefits payable (expressed as a percentage of the Sum Assured on the basic plan) | 50% | 65% | 80% | 115% |

You can opt to:

(a) receive the yearly Guaranteed Cash Benefits via cheque or to a designated bank account; or

(b) re-invest the yearly Guaranteed Cash Benefits with Us at a non-guaranteed interest rate determined by Us.

Before payment of each of the yearly Guaranteed Cash Benefit, any amount owing to Us will first be deducted.

### 2.2 MATURITY BENEFIT

On survival of the Life Assured to the Policy maturity, You will receive a Maturity Benefit consisting of the following:

(a) Guaranteed Maturity Value;

| Policy Term (years) | 12 | 15 | 18 | 25 |
|---|---|---|---|---|
| Guaranteed Maturity Value (expressed as a percentage of the Sum Assured on the basic plan) | 110% | 95% | 80% | 45% |

(b) any accumulated Reversionary Bonus and Terminal Bonus (non-guaranteed); and

(c) any re-invested Guaranteed Cash Benefits with non-guaranteed interest (if not previously withdrawn),

less any amount owing to Us.

Please refer to the Policy Illustration for the illustrated Maturity Benefit You may receive at the end of the Policy term.

### 2.3 NON-GUARANTEED BONUSES FROM SINGAPORE LIFE LTD.'S PARTICIPATING FUND

You will enjoy both Reversionary and Terminal Bonuses as We distribute a share of Our Participating Fund profit to You in the form of such bonuses.

Reversionary bonus is non-guaranteed, but once declared and vested, it forms part of the guaranteed benefit of the Policy. Terminal bonus is non-guaranteed and it may be credited upon surrender of the Policy, death of the Life Assured or upon Policy maturity.

For more details, please refer to the section on "Non-guaranteed Bonuses Payable".

### 2.4 CASH SURRENDER VALUE

The Policy will acquire a cash value from the start of the 3rd Policy Year onwards as long as the premiums are paid up-to-date. Please refer to the Policy Illustration for the illustrated Cash Surrender Value You may acquire if You surrender the Policy early.

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.

### 2.5 INSURANCE COVERAGE AVAILABLE

#### A. DEATH BENEFIT

While the Policy is in force, in the event of death of the Life Assured:

The Death Benefit payable will be the sum of:

(a) The higher of:
- (i) 101% of the Total Premiums Paid on the basic plan up to the date of death less any Guaranteed Cash Benefits paid; or
- (ii) the Guaranteed Cash Surrender Value;

(b) any accumulated Reversionary Bonus and Terminal Bonus (non-guaranteed); and

(c) any re-invested Guaranteed Cash Benefits with non-guaranteed interest (if not previously withdrawn),

less any amount owing to Us.

#### B. ACCIDENTAL DEATH BENEFIT

If the Life Assured dies from an Accidental Injury while the Policy is in force and before the commencement of the Policy Year in which he turns 80 Age Next Birthday (ANB), We will pay 100% of Sum Assured on the basic plan, in addition to the Death Benefit in one lump sum.

The total Accidental Death Benefit payable shall not exceed two million Singapore dollars (SGD2,000,000) in aggregate for the following:

(a) Accidental Death Benefit under the Policy; and

(b) any other policy issued by Us which do not require any medical underwriting and covers Accidental Death Benefit as Basic Benefit of the basic plan in respect of the same Life Assured (except for Singlife Accident Guard).

"Accident" means an external, unexpected, unforeseen and unintentional incident upon the Life Assured which is not a symptom of a disease or illness.

"Accidental Injury" means bodily injury caused solely and directly by an Accident, directly and independently of any other cause(s), of which, there is as evidence, a visible contusion or wound on the exterior of the body. For the purpose of the Policy, Accidental Injury must result directly and independently of any other cause in the death of the Life Assured within 180 days of the Accident.

#### C. TERMINAL ILLNESS BENEFIT

Upon diagnosis of Terminal Illness of the Life Assured while the Policy is in force, We will pay the Terminal Illness Benefit in one lump sum, as an advance of the Death Benefit.

"Terminal Illness" means the conclusive diagnosis of an illness that is expected to result in the death of the Life Assured within 12 months. This diagnosis must be supported by a specialist and confirmed by Our appointed Registered Medical Practitioner.

Terminal Illness in the presence of Human Immunodeficiency Virus (HIV) infection is excluded.

#### D. SUPPLEMENTARY BENEFITS

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. Please refer to the respective Supplementary Benefits' Terms and Conditions for the full details of exclusions.

[p.2]

## 3. PLAN FEATURES

### 3.1 ELIGIBILITY

#### Life Assured Entry Age (Age-Next-Birthday "ANB" basis)

| Premium Payment Term (year) | Entry Age (ANB) Minimum | Entry Age (ANB) Maximum |
|---|---|---|
| 12 | 1 | 68 |
| 15 | 1 | 65 |
| 18 | 1 | 62 |
| 25 | 1 | 55 |

At the start of the plan, You may choose a limited premium payment term of 12, 15, 18 or 25 years.

#### Assured/Policyholder Entry Age (Age-Next-Birthday "ANB" basis)

| Entry Age (ANB) Minimum | Entry Age (ANB) Maximum |
|---|---|
| 17 | 99 |

Ownership basis: Single Life Policy (where the Life Assured is the Policyholder) or Third Party (based on (i) husband and wife basis for Life Assured of 17 ANB and above, or (ii) Juvenile life basis for Life Assured of 18 ANB and below.)

### 3.2 PREMIUMS

Premium rates are guaranteed throughout the premium payment term.

You may choose to pay Your basic premiums either monthly, quarterly, half-yearly or yearly, via the following premiums payment methods:

(a) For initial premium: eGIRO (All channels if the customer uses a DBS/POSB bank account for GIRO application), Cash, Cheque, or Credit Card (Visa / MasterCard).

(b) For renewal premium: Interbank GIRO, eGIRO (All channels if the customer uses a DBS/POSB bank account for GIRO application), Cash, Cheque or via AXS.

Except for the first basic premium, subsequent basic premiums must be paid within a period of 30 days (the "Grace Period)" from the premium due date. You should ensure that the basic premiums are paid in time to prevent a possible termination of the plan.

### 3.3 WITHDRAWAL OF RE-INVESTED GUARANTEED CASH BENEFITS

Where applicable, You may choose to either fully or partially withdraw the Guaranteed Cash Benefits that has been re-invested with Us. You are allowed to withdraw Your re-invested Guaranteed Cash Benefits with accumulated interest by submitting a withdrawal application to Us. The minimum amount for a withdrawal is SGD1,000 (in multiples of SGD10) or the balance available, whichever is available.

### 3.4 WITHDRAWAL OF ACCUMULATED REVISIONERY BONUSES

Where applicable, You may choose to either fully or partially withdraw the cash value of the accumulated Reversionary Bonus. The minimum amount for a withdrawal is SGD1,000 (in multiples of SGD10) or the balance available, whichever is available.

### 3.5 SURRENDER OF THE PLAN

The Policy will acquire cash value from the start of the 3rd policy year onwards as long as the premiums are paid up-to-date. While Your Policy is in force, You may choose to fully surrender the Policy at any time to receive a lump sum payment consisting of its Cash Surrender Value. Your Policy will terminate upon full surrender of the Policy.

You also have the option to partially surrender the Policy by reducing the Sum Assured (subject to the minimum Sum Assured of the Policy) and receive the partial Cash Surrender Value in a lump sum. The Sum Assured of the Policy and the Guaranteed Cash Benefits payable after the partial surrender will be reduced accordingly.

### 3.6 POLICY LOAN

You may opt for a Policy Loan of up to 65% of the Cash Surrender Value less any amount owing to Us. The prevailing minimum loan amount and policy loan rate will be applicable and they are subject to changes according to Our prevailing terms and conditions. The interest rate is non-guaranteed.

[p.3]

## 4. SINGAPORE LIFE LTD.'S PARTICIPATING FUND

### 4.1 NON-GUARANTEED BONUSES PAYABLE

We distribute a share of Our Participating Fund profit to You in the form of bonus payments as follows:

#### Reversionary Bonus (RB)

This is a payment determined annually by Us based on the divisible surplus of Singapore Life Ltd. for the relevant Policy Year and credited to You on the following Policy Anniversary.

The annual RB rate# is illustrated at SGD7 per SGD1,000 of the basic Sum Assured. Once bonus is added, it forms part of the guaranteed benefit of the Policy, and is illustrated to compound at SGD7 per SGD1,000 on the accumulated RB.

The accumulated RB may be withdrawn for its equivalent cash value, either partially or fully.

#### Terminal Bonus (TB)

This is a payment to be determined by Us which may be credited to You upon Policy maturity, surrender of the Policy or death of the Life Assured.

The TB rate on death, surrender or Policy maturity# (as a % of accumulated RB) can be found in Appendix A.

#RB indicated above and TB indicated in Appendix A are based on an illustrated investment rate of return of 4.25% p.a., which is the higher rate as illustrated in the Policy Illustration.

In comparison, at an illustrated investment rate of return of 3.00% p.a., the bonus rates are expected to be adjusted downwards depending on the future outlook of the Participating Fund.

Please refer to the Policy Illustration for the bonus amounts at the illustrated investment rate of return of 3.00% p.a. and 4.25% p.a. respectively. The two rates are used purely for illustrative purposes and do not represent upper and lower limits of the investment performance of the Participating Fund.

All bonuses are not guaranteed and depend on the performance of Our Participating Fund.

All guaranteed benefits, including bonuses which have already been allocated to the Participating Fund Policyholders, will be provided for regardless of 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.

### 4.2 DETAILS ON INVESTMENT OF ASSETS OF THE PARTICIPATING LIFE INSURANCE FUND

We currently operate only one sub-fund ("Par sub-fund") within the main Participating Fund.

As investment best practice and to ensure that We continue to be able to maintain an acceptable overall risk level, We may opt for a specific investment strategy for a particular product or particular group of products, creating different investment pools within the Par sub-fund.

#### Investment Objective and Strategy of the Combined Assets Backing the Policy

The investment objective of the different investment pools within the Par sub-fund is to select appropriate investments, to earn a competitive rate (allowing for the effect of taxation) commensurate with acceptable levels of solvency risks, having regard to the:

- nature and term of the particular product or group of products within each investment pool;
- immediate cashflow needs arising from the product or group of products within the investment pool;
- prevailing local regulatory and Singapore Life Holdings Pte. Ltd.'s requirements;
- expected returns and volatility of different asset classes; and
- investment-related risks, mainly market, credit, interest rate, currency and liquidity risks.

Through meeting the investment objective, We aim to provide stable medium to long-term returns to Our Par sub-fund Policyholders and strive for bonuses that are fair and equitable to the Par sub-fund Policyholders.

We hold a wide range of assets to back the Par sub-fund policies and it regularly reviews the long-term asset allocation of each investment pool within the Par sub-fund with due regard to the Par sub-fund's investment objectives. As part of its investment strategy, maximum and minimum exposures to, and performance benchmarks for different asset classes are also set in accordance with the fund objectives.

The long-term asset allocation of the Par sub-fund includes some higher risk investments, which We expect to provide a higher return, such as equities, property and others, as well as lower risk investments such as fixed income, cash and deposits. As the Par sub-fund gets smaller and policies on average get closer to maturity, We expect that We will invest less in higher risk investments and more in lower risk investments.

The Par sub-fund is managed by our in-house team who start with a strategic asset allocation designed with target return, liability, risk management and sustainability considerations. It may use external specialist fund managers to manage certain asset classes, including private equity and hedge funds.

[p.4]

#### Investment Mix

As described above, the long-term investment mix (strategic asset allocation) may differ between different products or group of products belonging to different investment pools.

For the investment pool that this plan belongs to, the asset allocation is as follows:

| Asset Class | Strategic Asset Allocation | Asset Allocation as at 31 Dec 2024 |
|---|---|---|
| Fixed Income | 70% | 73% |
| Equities | 21% | 19% |
| Property | 7% | 5% |
| Other Assets## | 2% | 3% |

##Other Assets include cash, derivatives and money market securities

Note: The actual asset allocation may be different from the Strategic Asset Allocation but will be within an asset allocation range that is stipulated in Our Investment Policy and approved by the Board.

#### Total Expense Ratio

The Total Expense Ratio is the proportion of total expenses incurred by the Participating Fund to the assets of the Participating Fund. These expenses include costs such as investment, management, distribution, taxation and other expenses.

An expected level of expenses to be incurred by the Participating Fund has been allowed for in the premiums payable for Your Policy and is not an additional cost to You. If the actual level of expenses varies significantly from the expected level of expenses, it may affect the non-guaranteed benefits You may receive.

For Our Participating Fund, the past Total Expense Ratios are shown in the table below.

| | 2022 | 2023 | 2024 | Averaged over the last 3 years | Averaged over the last 5 years | Averaged over the last 10 years |
|---|---|---|---|---|---|---|
| Total Expense Ratio | 1.95% | 2.26% | 3.18% | 2.50% | 2.50% | 2.60% |

Please note that historical expense ratios may not be indicative of future expense ratios.

The total expense ratio is calculated based on the following formula:

Total Expense Ratio (%) = (Total Expenses / Average Asset Value **) × 100

**The average asset value is computed based on the average of the asset value at the beginning and ending period for the year of computation.

#### Investment Rate of Return

For Our Participating Fund, the past investment rates of return (after deducting investment expenses only) are shown in the table below.

| | 2022 | 2023 | 2024 | Averaged over the last 3 years | Averaged over the last 5 years | Averaged over the last 10 years |
|---|---|---|---|---|---|---|
| Investment Returns | -13.57% | 5.66% | 4.08% | -1.68% | 0.82% | 3.00% |

Please note that historical performance may not be indicative of future performance.

[p.5]

#### Key Factors Affecting the Performance of the Participating Fund and Level of Bonuses

Within the Participating Fund, the factors affecting the sub-fund's and investment pools' performance and level of bonuses include:

- the Par sub-fund's investment performance (including the credit risk of the Par sub-fund assets) and its future outlook;
- Our running costs, which include administrative costs, investment costs and commission to intermediaries;
- the tax We have to pay;
- the shareholders' share of profits, which is tied directly to the bonuses declared;
- the claims We have to pay, such as death and surrender claims; and
- other profit and losses in the Par sub-fund.

We will determine the level of bonuses taking into account the current performance as well as future outlook for the Par sub-fund.

#### Sharing of Risks

The Participating Fund provides sharing of risk for Policyholders – this smoothens out the ups and downs that individual Policyholders would have experienced if they have invested independently and directly.

Where a specific investment strategy or strategic asset allocation is being adopted, there will be minimal interactions ("cross subsidies") between investment returns from the different investment pools. However, in certain circumstances, cross subsidies between investment returns from the different investment pools may be allowed subject to the approval of the Appointed Actuary and the investment committee which consists of senior members of Our management team. There remains to be cross subsidies between the other key factors affecting the performance of the Par sub-fund and level of bonuses stated above. Surplus of assets in one investment pool may be used to support shortfall of assets in another investment pool to ensure that the Par Fund remains solvent.

The values of the assets supporting the products are determined by accumulating the cash flows for each product or group of products. This is calculated by accumulating the premium income plus the investment return, less deductions for expenses, tax, commission, the cost of providing benefits, the shareholders' share of profits as well as other costs that may be incurred in managing the fund.

#### Smoothing of Bonuses

Although bonuses are not guaranteed, insurers generally try to avoid large fluctuations in the bonus declared from year to year. We aim to achieve this stability by smoothing bonuses over time. This means that bonuses may be held back in years when the performance of the fund has been good so that bonuses can be less affected when conditions are or seems likely to get less favourable. The net effect is that bonuses and interest rates will not necessarily follow the short-term rises and falls in the investment markets.

The greater the exposure to higher risk investments, the greater the expected volatility in net investment return.

Smoothing will never reduce any guaranteed benefits that may apply. The cost of smoothing is intended to be neutral over the longer term, although market conditions can lead to a profit or loss on smoothing in the short term.

In general, long-term trend and movement are likely to be incorporated into the changes in reversionary (annual) bonus rates, while variations due to sudden or abrupt market movement and volatility are likely to be reflected through the changes in terminal bonus rates. Although changes are smoothed, there is no maximum or minimum amount by which reversionary and terminal bonus rates may be altered.

#### Past 3 Years Bonus Rates

##### Reversionary Bonus (RB)

| Declared for Year / in Year | 2024/2025 | 2023/2024 | 2022/2023 |
|---|---|---|---|
| Per 1,000 of Base Sum Assured (SGD) | 7.00 | 7.00 | 7.00 |
| Per 1,000 of Accumulated RB (SGD) | 7.00 | 7.00 | 7.00 |

Past performance is not necessarily indicative of future performance.

##### Terminal Bonus (TB) – As a % of Accumulated RB

Past experience for Terminal Bonus declaration is presently not available.

Past performance is not necessarily indicative of future performance.

[p.6]

#### Fees and Charges under the Par sub-fund

We incur expenses in operating the business. These include the salaries of staff, the cost of maintaining the office, investment costs, any commission paid to intermediaries and other such ongoing / one-off costs. When establishing fair payouts, We will determine a reasonable share of these expenses to be attributed to the operation of each investment pool within the Par sub-fund.

Fees and charges have been included in the calculation of the premium and will not be separately charged to the Policyholders.

#### Conflict of Interests

We are not aware of any conflict of interest in relation to the Par sub-fund and its management.

#### Related Party Transactions

We have the following related-party transactions based on terms agreed between the parties concerned:

1. Management services provided to Our related companies.

These services are provided based on management agreements signed with all the respective companies. These agreements are being periodically reviewed to ensure that the fees charged are reasonable and in line with the market.

#### Annual Bonus Updates

Policyholders will be updated on the performance of their Policy via an annual statement and update, which will be made available to You following Our annual bonus declaration, by 30 June each year.

## 5. ADDITIONAL INFORMATION

### The Contract

This Product Summary provides You with an overview of the plan. The policy contract will provide the full terms and conditions of this plan.

### Termination

The Policy shall terminate on the earliest occurrence of the following:

(a) on the date the Life Assured dies;

(b) on the date We pay the Death Benefit or Accidental Death Benefit, Terminal Illness Benefit or the Maturity Benefit in full;

(c) upon the expiry of Grace Period without payment of premium due;

(d) upon the acceptance of Your application to terminate the Policy; or

(e) any other event which results in termination as set out in the Policy.

If You write to Us to terminate Your Policy, there will not be any prorated refund of premium(s) and Your Policy will terminate from the premium due date immediately following the date We accept Your written request for termination.

### Exclusions

i. 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 prior to the date of death.

ii. Accidental Injury directly or indirectly, wholly or partly caused by or arising from or contributed to by the following is excluded:

(a) self-inflicted injuries, suicide or attempted suicide, while sane or insane;

(b) bodily infirmity, illness or disease of any kind, or any infection other than an infection occurring simultaneously with and in consequence of a cut or wound of an Accidental Injury;

(c) mental or psychiatric illness, anxiety, nervous disorders or sleep disturbance disorders;

(d) whilst under the influence of alcohol, drugs or intoxication, even if the drug prescribed by a Registered Medical Practitioner, or the taking of poison or inhalation of gas, voluntarily or involuntarily;

(e) while on duty in any navy, army, air force, military, firemen, civil defence, police or law enforcement organisation except where national service or reservist duties are carried out in Singapore or overseas (if this applies) under the Enlistment Act 1970;

(f) war, invasion, acts of foreign enemies, hostilities or warlike operations (whether war be declared or not), civil war, rebellion, revolution, insurrection, assuming the proportions of or amounting to an uprising, military or usurped power;

(g) as a result of travel in or on any type of aircraft other than as a crew member or fare paying passenger on a regularly scheduled passenger flight of an international commercial airline;

(h) as a result of the Life Assured committing, attempting or provoking an assault or felony or any violation of the law by the Life Assured;

(i) as a result of racing of any kind other than on foot;

(j) as a result of participation in any aerial activity including parachuting and sky diving; or

(k) as a result of participation in any underwater activity.

iii. Terminal Illness in the presence of HIV infection is excluded.

You are advised to read the policy contract for the full list of exclusions.

[p.7]

### Claims

Any benefits payable under the Policy are made to You, Your legal representative or such other authorised parties (as the case may be). We will not make any payment in respect of any claim incurred unless full premium has been received by Us.

Please contact Your Financial Adviser Representative or visit https://singlife.com/en/make-a-claim/ for the claim procedures.

### Free Look

Within 14 days after You have received the Policy, You may write to Us to cancel Your Policy. We will refund the premium(s) You paid (without interest) after deducting any expenses We incurred in assessing the risk under Your Policy and in issuing the Policy, after We have received the written notification for cancellation.

If the Policy was sent to You by post or delivered or downloaded via electronic means, You are considered to have received it 7 days after posting or We consider it delivered 7 days after We sent the Policy by electronic means or when the Policy is downloaded by You.

### Point-of-Sale Documents

A copy of the following documents is provided at the point-of-sale:

- Cover Page
- Policy Illustration
- Product Summary
- Bundled Product Disclosure (if applicable)
- Fact Find Form
- Your Guide to Life Insurance
- Your Guide to Health Insurance and Infographic "Evaluating My Health Insurance Coverage" (if applicable)
- Infographic "Moratorium on Genetic Testing and Insurance"
- Your Guide to Participating Policies

The guides listed above are available on Our website: www.singlife.com. The guides will help You to understand more about Life Insurance, Health Insurance and participating policies. You may also request for hardcopy versions from Us or from Your Financial Adviser Representative.

### Note

The above is a summary of the plan offered. The precise terms and conditions of the plan are set out in the policy contract.

You may wish to seek advice from a Financial Adviser Representative before making a commitment to purchase the plan. In the event that You choose not to seek advice from a Financial Adviser Representative, You should consider whether the plan in question is suitable for You.

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.

### Policy Owners' Protection Scheme

This Policy 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 LIA or SDIC web-sites (www.lia.org.sg or www.sdic.org.sg).

### Details of the Insurer

This plan is underwritten by Singapore Life Ltd. Website: www.singlife.com.

[p.8-9]

## Appendix A – Terminal Bonus

### Terminal bonus rate table at the illustrated investment rate of return of 4.25% p.a. (Death and Maturity Benefit)

| Policy Year | Policy Term = 12 years | Policy Term = 15 years | Policy Term = 18 years | Policy Term = 25 years |
|---|---|---|---|---|
| 1-4 | 0% | 0% | 0% | 0% |
| 5 | 21% | 20% | 16% | 14% |
| 6 | 46% | 41% | 38% | 34% |
| 7 | 67% | 66% | 55% | 53% |
| 8 | 92% | 87% | 76% | 68% |
| 9 | 113% | 112% | 97% | 87% |
| 10 | 138% | 133% | 114% | 107% |
| 11 | 160% | 158% | 135% | 121% |
| 12 | 185% | 179% | 156% | 141% |
| 13 | - | 204% | 173% | 160% |
| 14 | - | 225% | 194% | 175% |
| 15 | - | 250% | 215% | 194% |
| 16 | - | - | 232% | 214% |
| 17 | - | - | 253% | 228% |
| 18 | - | - | 275% | 248% |
| 19 | - | - | - | 267% |
| 20 | - | - | - | 282% |
| 21 | - | - | - | 301% |
| 22 | - | - | - | 321% |
| 23 | - | - | - | 336% |
| 24 | - | - | - | 355% |
| 25 | - | - | - | 375% |

### Terminal bonus rate table at the illustrated investment rate of return of 4.25% p.a. (Surrender Benefit)

| Policy Year | Policy Term = 12 years | Policy Term = 15 years | Policy Term = 18 years | Policy Term = 25 years |
|---|---|---|---|---|
| 1-4 | 0% | 0% | 0% | 0% |
| 5 | 16% | 15% | 11% | 9% |
| 6 | 41% | 36% | 33% | 29% |
| 7 | 62% | 61% | 50% | 48% |
| 8 | 87% | 82% | 71% | 63% |
| 9 | 108% | 107% | 92% | 82% |
| 10 | 133% | 128% | 109% | 102% |
| 11 | 155% | 153% | 130% | 116% |
| 12 | 180% | 174% | 151% | 136% |
| 13 | - | 199% | 168% | 155% |
| 14 | - | 220% | 189% | 170% |
| 15 | - | 245% | 210% | 189% |
| 16 | - | - | 227% | 209% |
| 17 | - | - | 248% | 223% |
| 18 | - | - | 270% | 243% |
| 19 | - | - | - | 262% |
| 20 | - | - | - | 277% |
| 21 | - | - | - | 296% |
| 22 | - | - | - | 316% |
| 23 | - | - | - | 331% |
| 24 | - | - | - | 350% |
| 25 | - | - | - | 370% |

[p.10]