# lifeinsurance.com.sg — full content bundle
> Single-file long-form dump of every markdown surface + HTML page on this site. Intended for AI crawlers (GPTBot, Claude-Web, PerplexityBot, Amazonbot, Bing) per the financialreports.eu / Stripe / Mintlify convention. Each section is preceded by its canonical URL. Per-page summary.md, per-product wording.md, and per-topic summary.md are emitted verbatim from the snapshot data layer — already cited to insurer policy PDFs and MAS / CPF Board / MOH sources.
Generated: 2026-06-06
Source: https://lifeinsurance.com.sg
Vertical: singapore-health (Integrated Shield Plans + adjacent products)
Regulator: MAS · CPF Board · MOH
Currency: SGD
---
## Part 1 — Verbatim policy facts (markdown surfaces)
### https://lifeinsurance.com.sg/api/insurer/aia/summary.md
# AIA Singapore
**Legal entity:** AIA Singapore Private Limited
**Website:** https://www.aia.com.sg
## Integrated Shield Plan products
- **Direct - AIA Term
Cover** (`direct-aia-term-cover`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/201106386R/WA_Sum_201106386R_DPITerm_July2025.pdf
- **AIA Guaranteed Protect
Plus (IV)** (`guaranteed-protect-plus-iv`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/201106386R/WA_Sum_201106386R_GPP(IV)_Jul%202025.pdf
- **AIA Platinum Retirement
Elite** (`platinum-retirement-elite`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/201106386R/WA_Sum_201106386R_PRE_Jul2025.pdf
- **AIA Platinum Wealth
Elite 2.0** (`platinum-wealth-elite-2`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/201106386R/WA_Sum_201106386R_PWE2.0_Jul2025.pdf
- **AIA Pro Achiever 3.0** (`pro-achiever-3`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/201106386R/WA_Sum_201106386R_APA3.0_Oct2024.pdf
- **AIA Pro Lifetime
Protector (II)** (`pro-lifetime-protector-ii`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/201106386R/WA_Sum_201106386R_PLP(II)_Oct2024.pdf
- **AIA Retirement Saver
(IV)** (`retirement-saver-iv`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/201106386R/WA_Sum_201106386R_RS4(LP)_Jul2025.pdf
- **AIA Secure Flexi Term** (`secure-flexi-term`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/201106386R/WA_Sum_201106386R_SFT(RC)_July2025.pdf
- **AIA Smart Flexi Rewards
(II)** (`smart-flexi-rewards-ii`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/201106386R/WA_Sum_201106386R_SFR2(RP)_Jul2025.pdf
- **AIA Smart Wealth Builder
Series** (`smart-wealth-builder-series`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/201106386R/WA_Sum_201106386R_SWB2(10P)_Jul2025.pdf
*Compiled from `insurance.sg_life_insurers` snapshot. Verify current data on insurer site or MAS FI Directory.*
---
### https://lifeinsurance.com.sg/api/insurer/china-life-singapore/summary.md
# China Life Singapore
**Legal entity:** China Life Insurance (Singapore) Pte. Ltd.
**Website:** https://www.chinalife.com.sg
*Compiled from `insurance.sg_life_insurers` snapshot. Verify current data on insurer site or MAS FI Directory.*
---
### https://lifeinsurance.com.sg/api/insurer/china-taiping/summary.md
# China Taiping
**Legal entity:** China Taiping Insurance (Singapore) Pte. Ltd.
**Website:** https://www.sg.cntaiping.com
*Compiled from `insurance.sg_life_insurers` snapshot. Verify current data on insurer site or MAS FI Directory.*
---
### https://lifeinsurance.com.sg/api/insurer/etiqa/summary.md
# Etiqa Insurance
**Legal entity:** Etiqa Insurance Pte. Ltd.
**Website:** https://www.etiqa.com.sg
Direct-channel digital brand TIQ also lives under Etiqa; tagged on
per-product row.
*Compiled from `insurance.sg_life_insurers` snapshot. Verify current data on insurer site or MAS FI Directory.*
---
### https://lifeinsurance.com.sg/api/insurer/fwd/summary.md
# FWD Singapore
**Legal entity:** FWD Singapore Pte. Ltd.
**Website:** https://www.fwd.com.sg
*Compiled from `insurance.sg_life_insurers` snapshot. Verify current data on insurer site or MAS FI Directory.*
---
### https://lifeinsurance.com.sg/api/insurer/great-eastern/summary.md
# Great Eastern
**Legal entity:** The Great Eastern Life Assurance Company Limited
**Website:** https://www.greateasternlife.com
## Integrated Shield Plan products
- **DIRECT -
GREAT Life II** (`direct-great-life-2`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/190800011G/PS(EN)_DIRECT%20GREAT%20Life%20II%2070_85_(SG)_v5.0.pdf
- **DIRECT -
GREAT Term** (`direct-great-term`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/190800011G/PS(EN)_Direct%20-%20Great%20Term_(SG)_v3.0.pdf
- **Great
Eastern Cares Term Plan** (`great-eastern-cares-term-plan`)
Source: https://www.greateasternlife.com/content/dam/great-eastern/sg/homepage/personal-insurance/our-products/life-insurance/great-eastern-cares-term-plan/product-summary.pdf
- **GREAT Flexi
Goal** (`great-flexi-goal`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/190800011G/PS(EN)_GREAT%20Flexi%20Goal_(SG)_v5.0.pdf
- **GREAT Flexi
Protect Series 3** (`great-flexi-protect-series-3`)
Source: https://www.greateasternlife.com/content/dam/corp-site/great-eastern/sg/homepage/personal-insurance/our-products/life-insurance/great-flexi-protect-series/great-flexi-protect-brochure-english.pdf
- **GREAT Life
Advantage 4** (`great-life-advantage-4`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/190800011G/PS(EN)_GREAT%20Life%20Advantage%204_(SG)_v2.0.pdf
- **GREAT Life
Multiplier** (`great-life-multiplier`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/190800011G/PS(EN)_GREAT%20Life%20Multiplier_(SG)_v3.0.pdf
- **GREAT
Term** (`great-term`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/190800011G/PS_GEL_GREATTerm2_TPD2_V2.0.pdf
- **GREAT
Wealth Advantage 4** (`great-wealth-advantage-4`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/190800011G/PS(EN)_GREAT%20Wealth%20Advantage%204_(SG)_v2.0.pdf
- **GREAT
Wealth Multiplier 3** (`great-wealth-multiplier-3`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/190800011G/PS(EN)_GREAT%20Wealth%20Multiplier%203_(SG)_v5.0.pdf
- **Prestige
Legacy Index** (`prestige-legacy-index`)
Source: https://www.greateasternlife.com/content/dam/corp-site/great-eastern/sg/gels-ftrp-imc-cm/prestige-/prestige-legacy-index/prestige-legacy-index-eng-brochure.pdf
- **Prestige
Life Gold 4 (SGD/USD)** (`prestige-life-gold-4`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/190800011G/PS(EN)_Prestige%20Life%20Gold%204(SGD)_(SG)_v5.0.pdf
*Compiled from `insurance.sg_life_insurers` snapshot. Verify current data on insurer site or MAS FI Directory.*
---
### https://lifeinsurance.com.sg/api/insurer/hsbc-life/summary.md
# HSBC Life
**Legal entity:** HSBC Life (Singapore) Pte. Ltd.
**Website:** https://www.insurance.hsbc.com.sg
Formerly AXA Insurance Singapore; acquired by HSBC 2022.
*Compiled from `insurance.sg_life_insurers` snapshot. Verify current data on insurer site or MAS FI Directory.*
---
### https://lifeinsurance.com.sg/api/insurer/income/summary.md
# Income Insurance
**Legal entity:** Income Insurance Limited
**Website:** https://www.income.com.sg
Formerly NTUC Income; corporatised + rebranded 2022 as Income
Insurance Limited.
## Integrated Shield Plan products
- **AstraLink** (`astralink`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/202135698W/VA2_Summary.pdf
- **Complete Life Secure** (`complete-life-secure`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/202135698W/VQMW_Summary.pdf
- **Gro Retire Flex Pro
II** (`gro-retire-flex-pro-ii`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/202135698W/GRME2_Summary.pdf
- **Gro Saver Flex Pro** (`gro-saver-flex-pro`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/202135698W/GSME_Summary.pdf
- **Invest Flex** (`invest-flex`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/202135698W/VS1_Summary.pdf
- **Provenance Solitaire** (`provenance-solitaire`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/202135698W/VPMW_Summary.pdf
- **Star Term Protect** (`star-term-protect`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/202135698W/TAN19_Summary.pdf
- **TermLife Solitaire** (`termlife-solitaire`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/202135698W/TBN4TCN2_Summary.pdf
*Compiled from `insurance.sg_life_insurers` snapshot. Verify current data on insurer site or MAS FI Directory.*
---
### https://lifeinsurance.com.sg/api/insurer/manulife-bermuda/summary.md
# Manulife (International) Bermuda
**Legal entity:** Manulife (International) Limited (Bermuda)
**Website:** https://www.manulife.com
Bermuda-domiciled HNW product line distributed in SG; separate legal
entity from local Manulife (Singapore) Pte. Ltd.
*Compiled from `insurance.sg_life_insurers` snapshot. Verify current data on insurer site or MAS FI Directory.*
---
### https://lifeinsurance.com.sg/api/insurer/manulife/summary.md
# Manulife Singapore
**Legal entity:** Manulife (Singapore) Pte. Ltd.
**Website:** https://www.manulife.com.sg
*Compiled from `insurance.sg_life_insurers` snapshot. Verify current data on insurer site or MAS FI Directory.*
---
### https://lifeinsurance.com.sg/api/insurer/prudential/summary.md
# Prudential Singapore
**Legal entity:** Prudential Assurance Company Singapore (Pte) Limited
**Website:** https://www.prudential.com.sg
## Integrated Shield Plan products
- **PRUActive Life V** (`pruactive-life-v`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/199002477Z/PRUActive_Life_V_PS_Mar2026.pdf
- **PRUActive
LinkGuard** (`pruactive-linkguard`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/199002477Z/PRUActive%20LinkGuard%20Product%20Summary.pdf
- **PRUActive Retirement
II** (`pruactive-retirement-ii`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/199002477Z/PRUActive%20Retirement%20II%20Summary.pdf
- **PRUActive Saver
III** (`pruactive-saver-iii`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/199002477Z/PRUActive%20Saver%20III_Summary.pdf
- **PRUActive Term** (`pruactive-term`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/199002477Z/PRUActive_Term_PS.pdf
- **PRULink
InvestGrowth** (`prulink-investgrowth`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/199002477Z/PRULink%20InvestGrowth%20Product%20Summary.pdf
- **PRUVantage Legacy
Index** (`pruvantage-legacy-index`)
Source: https://www.prudential.com.sg/-/media/project/prudential/pdf/ebrochures/pruvantage-legacy-index/pruvantage-legacy-index_brochure_en.pdf
- **PRUVantage Wealth
III** (`pruvantage-wealth-iii`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/199002477Z/PRUVantage%20Wealth%20III%20Product%20Summary.pdf
- **PRUVital Cover** (`pruvital-cover`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/199002477Z/PRUvital%20cover_Summary.pdf
- **PRUWealth Plus
(SGD)** (`pruwealth-plus-sgd`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/199002477Z/PRUWealth%20Plus%20%28SGD%29%20Product%20Summary.pdf
*Compiled from `insurance.sg_life_insurers` snapshot. Verify current data on insurer site or MAS FI Directory.*
---
### https://lifeinsurance.com.sg/api/insurer/singlife/summary.md
# Singlife
**Legal entity:** Singapore Life Ltd.
**Website:** https://singlife.com
Merged Aviva Singapore retail life business 2022; sole brand for
combined book.
## Integrated Shield Plan products
- **DIRECT -
Singlife Term Life** (`direct-singlife-term-life`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/196900499K/DIRECTSinglifeTermLife_PS_NCI_Dec25.pdf
- **DIRECT -
Singlife Whole Life** (`direct-singlife-whole-life`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/196900499K/DirectSinglifeWholeLife_PS_NCI_Dec25.pdf
- **Singlife Elite
Term II** (`singlife-elite-term-ii`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/196900499K/SinglifeEliteTermII_PS_NCI_Dec25.pdf
- **Singlife Flexi
Life Income II** (`singlife-flexi-life-income-ii`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/196900499K/SinglifeFlexiLifeIncomeII_PS_Dec25.pdf
- **Singlife
Heritage Income** (`singlife-heritage-income`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/196900499K/SinglifeHeritageIncome_PS_May26.pdf
- **Singlife Legacy
Indexed Income** (`singlife-legacy-indexed-income`)
Source: https://singlife.com/content/dam/public/sg/pinnacle/legacy-indexed-income/singlife-legacy-indexed-income-brochure.pdf
- **Singlife Savvy
Invest II** (`singlife-savvy-invest-ii`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/196900499K/SinglifeSavvyInvestII_PS_Dec25.pdf
- **Singlife Smart
Saver** (`singlife-smart-saver`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/196900499K/SinglifeSmartSaver_PS_Dec25.pdf
- **Singlife
Steadypay Saver** (`singlife-steadypay-saver`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/196900499K/SinglifeSteadypaySaver_PS_Dec25.pdf
- **Singlife Whole
Life Choice** (`singlife-whole-life-choice`)
Source: https://www.comparefirst.sg/wap/prodSummaryPdf/196900499K/SinglifeWholeLifeChoice_PS_NCI_Dec25.pdf
*Compiled from `insurance.sg_life_insurers` snapshot. Verify current data on insurer site or MAS FI Directory.*
---
### https://lifeinsurance.com.sg/api/insurer/sun-life-singapore/summary.md
# Sun Life Singapore
**Legal entity:** Sun Life Assurance Company of Canada Singapore Branch
**Website:** https://www.sunlife.com.sg
Singapore branch of Sun Life Assurance Company of Canada — HNW +
Bermuda product distribution.
*Compiled from `insurance.sg_life_insurers` snapshot. Verify current data on insurer site or MAS FI Directory.*
---
### https://lifeinsurance.com.sg/api/insurer/tokio-marine-life/summary.md
# Tokio Marine Life
**Legal entity:** Tokio Marine Life Insurance Singapore Ltd.
**Website:** https://www.tokiomarine.com/sg/en/personal.html
*Compiled from `insurance.sg_life_insurers` snapshot. Verify current data on insurer site or MAS FI Directory.*
---
### https://lifeinsurance.com.sg/api/insurer/transamerica-bermuda/summary.md
# Transamerica Life Bermuda
**Legal entity:** Transamerica Life (Bermuda) Ltd.
**Website:** https://www.transamericalifebermuda.bm
Bermuda-domiciled HNW universal life distributed in SG via licensed
brokers / FAs.
*Compiled from `insurance.sg_life_insurers` snapshot. Verify current data on insurer site or MAS FI Directory.*
---
### https://lifeinsurance.com.sg/api/product/aia/direct-aia-term-cover/summary.md
# Direct - AIA Term
Cover
**Insurer:** AIA Singapore (AIA Singapore Private Limited)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/201106386R/WA_Sum_201106386R_DPITerm_July2025.pdf
## Source wording
- **Effective from:** 2025-07-01
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/201106386R/WA_Sum_201106386R_DPITerm_July2025.pdf
- **PDF sha256:** `7ecc12790a93ab4146c9099a30385723b75b5e8247d560884e98d6201b249a53`
- **Extraction confidence:** verified
## Extracted facts
### riders
```json
[
{
"name": "DIRECT - CI for Term Cover",
"rider_type": "critical-illness",
"description": "optional non-participating accelerating Critical Illness supplementary benefit to complement your DIRECT - AIA Term Cover policy",
"source_page": 1,
"available_at_inception": true,
"available_after_inception": false
}
]
```
### free look
```json
{
"period_days": 14,
"source_page": 3,
"refund_basis": "the insurer 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 the insurer."
}
```
### exclusions
```json
[
{
"text": "If the Insured, whether sane or insane, commits suicide within one year from the issue date or reinstatement date of the basic policy, whichever is later, our liability shall only be limited to the refund of premiums paid without interest.",
"source_page": 2
},
{
"text": "No Terminal Illness Benefit shall be payable under the basic policy for the conditions stated below: i. Terminal Illness other than a diagnosis of Terminal Illness as defined in the Terminal Illness Benefit section above; or ii. where the symptoms of the Terminal Illness first occurred prior to the issue date or reinstatement date of the basic policy, whichever is later, or for which the diagnosis of Terminal Illness was made within thirty (30) days following the issue date or reinstatement date of the basic policy, whichever is later; or iii. where in our opinion, the diagnosis of Terminal Illness of the Insured was directly or indirectly due to Acquired Immunodeficiency Syndrome (AIDS) or infection by any Human Immunodeficiency Virus (HIV); or iv. any pre-existing illnesses, diseases, impairments or conditions from which the Insured is suffering prior to the issue date or reinstatement date, whichever is later, unless the Insured makes a declaration in the application or reinstatement of the basic policy, and such application is specifically accepted by us.",
"source_page": 2
},
{
"text": "The TPD Benefit shall not cover any TPD caused directly or indirectly, wholly or partly, by any one or more of the following occurrences: i. self-destruction or any attempt at self-destruction while sane or insane; or ii. engaging in or taking part in air, military or naval service in time of declared or undeclared war or while under order for warlike operations or restoration of public order; or iii. entering, operating, or servicing, riding in or on, ascending or descending from or with any aerial device or conveyance (except where the Insured is in an aircraft operated by a commercial passenger airline on a regular scheduled passenger trip over its established passenger route or by the Republic of Singapore Air Force).",
"source_page": 2
},
{
"text": "Terminal illness in the presence of HIV infection is excluded.",
"source_page": 1
}
]
```
### cash values
```json
{
"has_cash_value": false,
"non_guaranteed_bonus": {
"available": false
},
"guaranteed_surrender_value": {
"basis": "As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely.",
"available": false,
"source_page": 3
}
}
```
### grace period
```json
{
"days": 31,
"source_page": 2
}
```
### product type
```json
"term-life"
```
### policy basics
```json
{
"maximum_entry_age": {
"basis": "age-last-birthday",
"years": 80,
"source_page": 1
},
"minimum_entry_age": {
"basis": "as-stated",
"source_page": 1
},
"maximum_coverage_age": {
"basis": "age-next-birthday",
"years": 81,
"source_page": 1
},
"maximum_policy_term_years": "term to age 65 or 20-year",
"minimum_policy_term_years": 5
}
```
### premium terms
```json
{
"payment_modes": [
"annual",
"semi-annual",
"quarterly",
"monthly"
],
"premium_term_options": [
{
"label": "5-year renewable term",
"description": "The premium rates are guaranteed and will remain unchanged for the duration of the 5-year policy term so long as the required premium is paid and received by us on or before the end of the grace period of 31 days from the premium due date. However, the premium rates at the time of each renewal are in accordance with rates applicable to the Insured's attained age and are not guaranteed.",
"source_page": 2
},
{
"label": "20-year term",
"description": "The premium rates are guaranteed and will remain unchanged for the duration of the policy term so long as the required premium is paid and received by us on or before the end of the grace period of 31 days from the premium due date.",
"source_page": 2
},
{
"label": "Term to age 65",
"description": "The premium rates are guaranteed and will remain unchanged for the duration of the policy term so long as the required premium is paid and received by us on or before the end of the grace period of 31 days from the premium due date.",
"source_page": 2
}
],
"premium_review_clause": {
"text": "However, the premium rates at the time of each renewal are in accordance with rates applicable to the Insured's attained age and are not guaranteed. We may revise the premium rates but we will not do so on an individual basis. These rates may be adjusted based on future experience, or to meet our obligations under the basic policy and/or the laws and regulations of Singapore as may be revised from time to time (including without limitations, tax laws and regulations).",
"frequency": "at each 5-year renewal",
"reviewable": true,
"source_page": 2
}
}
```
### suicide clause
```json
{
"source_page": 2,
"payout_within_period": "If the Insured, whether sane or insane, commits suicide within one year from the issue date or reinstatement date of the basic policy, whichever is later, our liability shall only be limited to the refund of premiums paid without interest.",
"exclusion_period_months": 12
}
```
### document metadata
```json
{
"wording_version": "Version 4.0",
"product_full_name": "DIRECT - AIA Term Cover",
"insurer_legal_entity": "AIA Singapore Private Limited (Reg. No. 201106386R)",
"product_summary_pdf_url": "http://www.comparefirst.sg"
}
```
### terminal illness benefit
```json
{
"available": true,
"source_page": 1,
"acceleration_percent": 100,
"qualifying_definition": "any condition caused by illness or injury, where at the time of claim, despite all reasonable medical treatment, the Insured is expected to live for no more than 12 months."
}
```
---
*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.*
---
### https://lifeinsurance.com.sg/api/product/aia/direct-aia-term-cover/wording.md
# Product Summary For DIRECT - AIA Term Cover
Version 4.0
[p.1]
## 1. Provider of the Plan
AIA Singapore Private Limited (Reg. No. 201106386R) ("we, our, us, AIA Singapore")
1 Robinson Road
AIA Tower
Singapore 048542
## 2. Nature & Objective of the Plan
DIRECT - AIA Term Cover is a non-participating regular premium term plan providing death and Terminal Illness benefits throughout the policy term, and Total and Permanent Disability benefit up to age 65. It is designed to provide protection at affordable premiums. It offers three different policy terms: 5-year (renewable), 20-year, and term to age 65.
You may also select the optional non-participating accelerating Critical Illness supplementary benefit (DIRECT - CI for Term Cover), to complement your DIRECT - AIA Term Cover policy. For details on this Critical Illness supplementary benefit, please refer to its product summary.
To compare similar Direct Purchase Insurance plans in the market, you may visit http://www.comparefirst.sg.
## 3. Benefits under the Plan
### a. Death Benefit
Upon the death of the Insured while the basic policy is in force, we will pay the Death Benefit, which is the Insured Amount, after deducting any amounts owing to us.
Your policy will automatically terminate upon the death of the insured.
### b. Terminal Illness Benefit
If the Insured is diagnosed with Terminal Illness while the basic policy is in force, we will pay in one lump sum upon proof of Terminal Illness satisfactory to us, the Terminal Illness Benefit, which is the Insured Amount, after deducting any amounts owing to us.
Terminal illness means "any condition caused by illness or injury, where at the time of claim, despite all reasonable medical treatment, the Insured is expected to live for no more than 12 months."
The specialist medical practitioner treating the condition must provide supporting evidence of the condition, possible medical treatment, the prognosis after undergoing the possible medical treatment, and certify that the Insured is expected to live for no more than 12 months despite all possible medical intervention. We reserve the right to appoint an independent medical specialist who is an expert in the condition to confirm the diagnosis and prognosis.
Terminal illness in the presence of HIV infection is excluded.
This Terminal Illness is a benefit that accelerates the payment of the Insured Amount under the basic policy.
Your policy will automatically terminate once the Insured Amount is accelerated in full.
### c. Total and Permanent Disability (TPD) Benefit
If the Insured sustains TPD before the policy anniversary occurring on or immediately following the Insured's 65th birthday, we will pay, in one lump sum, the Insured Amount, after deducting any amounts owing to us.
The TPD Benefit is a benefit that accelerates the payment of the Insured Amount under the basic policy.
Your policy will automatically terminate once the Insured Amount is accelerated in full.
TPD means any of the following two situations:
**I.** The Insured, due to accident or sickness, is disabled to such an extent as to be rendered totally unable to engage in any occupation, business or activity for income, remuneration or profit; and the disability must continue uninterrupted for at least six (6) consecutive months from the time when disability started; and the disability must, in the view of a physician, be deemed permanent with no possibility of improvement in the foreseeable future; or
**II.** The Insured, due to accident or sickness, suffers total and irrecoverable loss of use of:
- (a) the entire sight in both eyes; or
- (b) any two limbs at or above the wrist or ankle; or
- (c) the entire sight in one eye and any one limb at or above the wrist or ankle.
Besides other underwriting limits applicable to this plan, this benefit is also subject to the TPD per life limit of S$7,500,000 (aggregated with other policies or riders issued on the same life). For policies issued in other currencies, a conversion rate as determined by the company will apply.
### d. Renewal Privilege (for 5-year term only)
You may renew the basic policy without further underwriting, subject to the following:
(a) your request for renewal may only be made 30 days up to and including the day immediately before the expiry date of the basic policy and before the policy anniversary immediately prior to the Insured's 81st birthday; and
(b) the basic policy is in force on the date of your request for renewal and continues to be in force on the day immediately before the date on which the renewal takes effect; and
(c) there is no overdue premium for the basic policy as at the date of your request for renewal and up to and including the day immediately before the date on which the renewal takes effect; and
(d) we receive and accept payment of the premiums of the basic policy in accordance with the rates applicable to the Insured's attained age on the date on which the renewal takes effect; and
(e) for every renewal, the renewal term will be 5 years.
[p.2]
## 4. General Exclusions
Benefits of this plan are not payable under certain conditions. These conditions are stated as "exclusions" in the policy contract. The categories of exclusions that are common to all life insurers relate to:
- Suicide within one year (for Death benefit)
- Self-inflicted injury (for Total & Permanent Disability benefit)
- A waiting period (for Critical Illness benefit, if applicable)
- Pre-existing medical conditions (for Critical Illness benefit, if applicable)
In addition to the above common categories of exclusions, life insurers may impose other exclusions. All the exclusions for this plan are listed as follows:
### a. Death Benefit
If the Insured, whether sane or insane, commits suicide within one year from the issue date or reinstatement date of the basic policy, whichever is later, our liability shall only be limited to the refund of premiums paid without interest.
### b. Terminal Illness Benefit
No Terminal Illness Benefit shall be payable under the basic policy for the conditions stated below:
i. Terminal Illness other than a diagnosis of Terminal Illness as defined in the Terminal Illness Benefit section above; or
ii. where the symptoms of the Terminal Illness first occurred prior to the issue date or reinstatement date of the basic policy, whichever is later, or for which the diagnosis of Terminal Illness was made within thirty (30) days following the issue date or reinstatement date of the basic policy, whichever is later; or
iii. where in our opinion, the diagnosis of Terminal Illness of the Insured was directly or indirectly due to Acquired Immunodeficiency Syndrome (AIDS) or infection by any Human Immunodeficiency Virus (HIV); or
iv. any pre-existing illnesses, diseases, impairments or conditions from which the Insured is suffering prior to the issue date or reinstatement date, whichever is later, unless the Insured makes a declaration in the application or reinstatement of the basic policy, and such application is specifically accepted by us.
### c. Total and Permanent Disability (TPD) Benefit
The TPD Benefit shall not cover any TPD caused directly or indirectly, wholly or partly, by any one or more of the following occurrences:
i. self-destruction or any attempt at self-destruction while sane or insane; or
ii. engaging in or taking part in air, military or naval service in time of declared or undeclared war or while under order for warlike operations or restoration of public order; or
iii. entering, operating, or servicing, riding in or on, ascending or descending from or with any aerial device or conveyance (except where the Insured is in an aircraft operated by a commercial passenger airline on a regular scheduled passenger trip over its established passenger route or by the Republic of Singapore Air Force).
The definitions of the exclusions are stated in the policy contract. Please refer to the policy contract.
## 5. Payment of Premiums
The premiums for the basic policy are payable for as long as the basic policy is in force.
### 5-Year Term (With Renewal Privilege)
The premium rates are guaranteed and will remain unchanged for the duration of the 5-year policy term so long as the required premium is paid and received by us on or before the end of the grace period of 31 days from the premium due date.
However, the premium rates at the time of each renewal are in accordance with rates applicable to the Insured's attained age and are not guaranteed. We may revise the premium rates but we will not do so on an individual basis. These rates may be adjusted based on future experience, or to meet our obligations under the basic policy and/or the laws and regulations of Singapore as may be revised from time to time (including without limitations, tax laws and regulations).
If the basic policy is issued on a non-Standard Life basis, the premium on renewal will also be computed on the same basis.
### 20-Year Term/ Term to Age 65
The premium rates are guaranteed and will remain unchanged for the duration of the policy term so long as the required premium is paid and received by us on or before the end of the grace period of 31 days from the premium due date.
[p.3]
## 6. Termination
The **basic policy** (including endorsements and supplementary agreements) shall automatically terminate on the earliest occurrence of the following:
(a) if any premium on the basic policy remains unpaid at the end of the grace period of 31 days from the premium due date; or
(b) upon surrender of the basic policy; or
(c) upon expiry of the basic policy, unless the basic policy is renewed in accordance with the Renewal Privilege; or
(d) upon the death of the Insured; or
(e) upon the diagnosis of Terminal Illness; or
(f) when the Insured Amount of the basic policy is accelerated in full.
The **TPD Benefit** shall automatically terminate on the earliest occurrence of the following:
(a) if the basic policy is terminated; or
(b) on the date of commencement of TPD; or
(c) on the policy anniversary occurring on or immediately following the Insured's 65th birthday.
The payment of any premium subsequent to termination of the basic policy should not create any liability for us.
## 7. Free-Look Period
After purchasing a life insurance policy, you have a 14-day free-look period starting from the day you receive your policy documents to review the documents carefully. During this time, if you choose to cancel your policy, the insurer 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 the insurer.
If you opted for an electronic copy of your Policy, the 14-day free-look period will start when you receive our SMS or email notification, informing you that the policy contract documents are available for your viewing on our customer portal.
If we have posted the policy to you, the 14-day free-look period will start 7 days from the date we posted the policy.
### Important Notes:
This insurance plan is underwritten by AIA Singapore. All insurance applications are subject to our underwriting and acceptance. Submission of an application and payment of premium does not constitute and should not be construed as acceptance by us. We reserve the right to withdraw the plan or reject applications, at anytime or for any reason without notice.
This product summary does not form a part of any contract of insurance. It is intended only to be a simplified description of the product features applicable to this plan and is not exhaustive. The contents of this product summary may vary from the terms of cover eventually issued. Please refer to the actual policy contract for all terms and conditions, including exclusions whereby the benefits under your policy may not be paid out. You are advised to read the policy contract. For the avoidance of doubt, only the terms and conditions as set out in the policy contract will bind the parties.
As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely. You should consider carefully before terminating the policy or switching to a new one as there may be disadvantages in doing so. The new policy may cost more or have fewer benefits at the same cost.
[p.4]
---
### https://lifeinsurance.com.sg/api/product/aia/guaranteed-protect-plus-iv/summary.md
# AIA Guaranteed Protect
Plus (IV)
**Insurer:** AIA Singapore (AIA Singapore Private Limited)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/201106386R/WA_Sum_201106386R_GPP(IV)_Jul%202025.pdf
## Source wording
- **Effective from:** (not stated in document)
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/201106386R/WA_Sum_201106386R_GPP(IV)_Jul%202025.pdf
- **PDF sha256:** `8afde0cb3cdecd6e06f8b37445e97d938fced87259b323250d22483203fa1437`
- **Extraction confidence:** verified
## Extracted facts
### free look
```json
{
"period_days": 14,
"source_page": 11,
"refund_basis": "the insurer 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 the insurer."
}
```
### exclusions
```json
[
{
"text": "If the Insured commits suicide within one year from the policy issue date or date of reinstatement, whichever is later, our liability will be limited to a return of premiums paid without interest.",
"source_page": 6
},
{
"text": "TPD Benefit exclusion: Any disability caused directly or indirectly, wholly or partly, by any of the following occurrences: (a) deliberate acts that endanger oneself, whether sane or insane, including any of the following: (i) while in violation or attempted violation of the law or resistance to arrest; or (ii) suicide or attempted suicide, intentional self-injury, or exposure to exceptional danger (except in an attempt to save human life);",
"source_page": 6
},
{
"text": "TPD Benefit exclusion: (b) engaging in or taking part in air, military or naval service in time of declared or undeclared war or while under order for warlike operations or restoration of public order; or",
"source_page": 6
},
{
"text": "TPD Benefit exclusion: (c) entering, operating, or servicing, riding in or on, ascending or descending from or with any aerial device or conveyance (except where the Insured is in an aircraft operated by a commercial passenger airline on a regular scheduled passenger trip over its established passenger route or by the Republic of Singapore Air Force).",
"source_page": 6
},
{
"text": "If death occurs within the first 13 days of the Insured's date of birth, the total amount payable under the policy is limited to 20% of the Minimum Death Benefit.",
"source_page": 1
}
]
```
### cash values
```json
{
"has_cash_value": true,
"non_guaranteed_bonus": {
"text": "The RB is a discretionary bonus that we may credit to your policy on an annual basis depending on the experience of the participating fund. The TB is a non-guaranteed, discretionary bonus that may be payable on claim, maturity or surrender. Future bonuses (including annual and terminal bonuses) are not guaranteed and are adjusted depending on the experience of the Participating Fund. This includes, the past, prevailing and projected future investment returns and other experience factors. In particular, investment returns can be volatile and we may vary bonuses from time to time. As such, the actual bonuses credited in a particular year could differ from previous projections or illustrations. In times of substantial decline in investment returns, we may reduce bonuses significantly. Conversely, in times of substantial increases in investment returns, we may increase bonuses to higher than those originally projected at the time of purchase of your policy.",
"available": true,
"bonus_types": [
"reversionary",
"terminal"
],
"source_page": 5
},
"guaranteed_surrender_value": {
"basis": "Cash value is only available to the GPP (IV) Accumulator component. Policy may be surrendered for its cash value; surrender value of accumulated Reversionary Bonus is only a proportion of the accumulated RB.",
"available": true,
"source_page": 5
}
}
```
### policy loan
```json
{
"available": true,
"source_page": 3,
"interest_basis": "Interest-free loan granted equal to outstanding Deferred Premium Amount during Interest-free Repayment Period (12 months); thereafter outstanding amount becomes Automatic Policy Loan and starts to accrue interest at a rate not specified in this document."
}
```
### product type
```json
"whole-life"
```
### policy basics
```json
{
"maximum_coverage_age": {
"basis": "age-next-birthday",
"years": 100,
"source_page": 5
},
"maximum_policy_term_years": "25 (corresponding to 25-pay premium term)",
"minimum_policy_term_years": "15 (corresponding to 15-pay premium term)"
}
```
### premium terms
```json
{
"premium_term_options": [
{
"label": "15-pay",
"description": "You may choose to pay premiums over 15 years.",
"source_page": 1
},
{
"label": "20-pay",
"description": "You may choose to pay premiums over 20 years.",
"source_page": 1
},
{
"label": "25-pay",
"description": "You may choose to pay premiums over 25 years.",
"source_page": 1
}
],
"premium_review_clause": {
"text": "The premium rates are guaranteed.",
"reviewable": false,
"source_page": 10
}
}
```
### non forfeiture
```json
{
"paid_up": {
"text": "Coverage under the GPP (IV) Booster component shall automatically terminate if your basic policy is converted to reduced paid-up insurance or extended term insurance.",
"available": true
},
"source_page": 7,
"extended_term": {
"text": "Coverage under the GPP (IV) Booster component shall automatically terminate if your basic policy is converted to reduced paid-up insurance or extended term insurance.",
"available": true
},
"automatic_premium_loan": {
"text": "Your basic policy shall automatically terminate if any premium for your basic policy remains unpaid at the end of the grace period (except if Premium Pass Option is exercised) and there is insufficient guaranteed cash value under your basic policy to grant an automatic policy loan to pay the outstanding premium.",
"available": true
}
}
```
### suicide clause
```json
{
"source_page": 6,
"payout_within_period": "If the Insured commits suicide within one year from the policy issue date or date of reinstatement, whichever is later, our liability will be limited to a return of premiums paid without interest.",
"exclusion_period_months": 12
}
```
### document metadata
```json
{
"wording_version": "Ver. 4.0",
"product_full_name": "AIA Guaranteed Protect Plus (IV)",
"insurer_legal_entity": "AIA Singapore Private Limited (Reg.No.201106386R)"
}
```
---
*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.*
---
### https://lifeinsurance.com.sg/api/product/aia/guaranteed-protect-plus-iv/wording.md
# Product Summary for AIA Guaranteed Protect Plus (IV)
Ver. 4.0
To help you understand Life Participating Insurance policies better, please refer to `Your Guide To Participating Policies' (YGTPP), which can be found at www.aia.com.sg or www.lia.org.sg. YGTPP is also available from your AIA Financial Services Consultant, your Financial Adviser or their representatives.
## 1. Provider of the Plan
AIA Singapore Private Limited (Reg.No.201106386R) ("we, our, us, AIA Singapore")
1 Robinson Road
AIA Tower
Singapore 048542
## 2. Nature & Objective of the Plan
AIA Guaranteed Protect Plus ("GPP (IV)") is a limited premium plan comprising 2 components:
- **GPP (IV) Accumulator** is a participating whole life component that accumulates bonuses over time. It provides you with protection coverage in the event of death until age 100 and total and permanent disability up to age 70. It is a participating life insurance component, which allows you to participate in the performance of the participating fund in the form of bonuses that are not guaranteed.
You may choose to pay premiums over 15, 20 or 25 years.
- **GPP (IV) Booster** is a non-participating component which forms part of the Minimum Death Benefit, if a death or total and permanent disability claim occurs before its expiry date, which is the policy anniversary occurring on or immediately following the Insured's 65th or 75th birthday (depending on your chosen multiplier cutoff age of 65 or 75). It does not come with any cash surrender value.
It has a premium payment term equal to the premium payment term of the GPP (IV) Accumulator component or up to multiplier cutoff age, whichever is shorter.
## 3. Benefits under the Plan
GPP (IV) provides you with the following benefits:
### a. Death Benefit
In the event of death of the Insured, we will pay the Death Benefit as follows:
| Claim Event Date | Death Benefit |
|---|---|
| Before the Expiry Date of GPP (IV) Booster component* | The higher of:
(i) Minimum Death Benefit; or
(ii) Insured Amount under the GPP (IV) Accumulator component plus applicable bonuses added to your basic policy,
after deducting any amounts owing to us (including any outstanding Deferred Premium Amount if the Premium Pass Option is exercised) under your policy.
The Minimum Death Benefit is equal to the sum of the Insured Amount under the GPP (IV) Accumulator component and Insured Amount under the GPP (IV) Booster component as at the issue date of your policy (or otherwise adjusted due to claim or any voluntary reduction in insured amount as requested by you). |
| On or after the Expiry Date of GPP (IV) Booster component* | Insured Amount under the GPP (IV) Accumulator component plus applicable bonuses added to your policy, after deducting any amounts owing to us (including any outstanding Deferred Premium Amount if the Premium Pass Option is exercised) under your policy. |
*Expiry Date of GPP (IV) Booster component refers to the policy anniversary occurring on or immediately following the Insured's 65th birthday (for multiplier cutoff age 65) or 75th birthday (for multiplier cutoff age 75).
Your policy will automatically terminate on the death of the Insured.
If death occurs within the first 13 days of the Insured's date of birth, the total amount payable for under the policy is limited to 20% of the Minimum Death Benefit.
[p.1]
### b. Total & Permanent Disability (TPD) Benefit
The TPD Benefit comprises of 2 components:
- TPD Benefit on GPP (IV) Accumulator is a participating component; and
- TPD Benefit on GPP (IV) Booster is a non-participating component which forms part of the Minimum Death Benefit, if a TPD claim occurs before the Expiry Date of the TPD on GPP (IV) Booster component.
In the event of TPD of the Insured before the policy anniversary occurring on or immediately following the Insured's 70th birthday, we will pay, in one lump sum, the Death Benefit, after deducting any amounts owing to us (including any outstanding Deferred Premium Amount if the Premium Pass Option is exercised).
The TPD Benefit is an accelerated benefit that accelerates the payment of the Insured Amount under the basic policy (i.e. GPP (IV) Accumulator component & GPP (IV) Booster component). The Insured Amount under the basic policy will be reduced by the TPD Benefit accordingly.
Your policy will automatically terminate once the Insured Amount under the basic policy is accelerated in full.
Before the policy anniversary occurring on or immediately following the Insured's 65th birthday, TPD means the Insured is not capable of doing or carrying out any work, occupation or profession, to earn or obtain any wages, compensation or profit. Such disability must continue uninterrupted for at least 6 consecutive months and there is no possibility of improvement for an indefinite time.
From the policy anniversary occurring on or immediately following the Insured's 65th birthday, TPD means the Insured is not capable of performing at least 2 of the following 6 Activities of Daily Living even with the aid of special equipment, and always to require the physical assistance of another person throughout the entire activity. Such disability must continue uninterrupted for at least 6 consecutive months and there is no possibility of improvement for an indefinite time.
Activities of Daily Living are:
(a) Transferring: the ability to move from a bed to an upright chair or wheelchair and vice versa
(b) Mobility: the ability to move indoors from room to room on level surfaces
(c) Toileting: the ability to use the lavatory or otherwise manage bowel and bladder functions so as to maintain a satisfactory level of personal hygiene
(d) Dressing: the ability to put on, take off, secure and unfasten all garments and as appropriate, any braces, artificial limbs or other surgical appliances
(e) Washing: the ability to wash in the bath or shower (including getting into and out of the bath or shower) or wash satisfactorily by any other means
(f) Feeding: the ability to feed oneself once food has been prepared and made available
However, any of the following conditions* will be immediately recognised as TPD:
(i) total and irrecoverable loss of sight of both eyes; or
(ii) loss by complete severance or the total and irrecoverable loss of use of 2 limbs at or above the wrist or ankle; or
(iii) total and irrecoverable loss of sight of 1 eye; and
a. loss by complete severance of 1 limb at or above the wrist or at or above the ankle; or
b. total and irrecoverable loss of use of 1 limb at or above the wrist or at or above the ankle.
*If the Insured is a juvenile, we will only admit these conditions as TPD.
[p.2]
*Expiry Date of GPP (IV) Booster component refers to the policy anniversary occurring on or immediately following the Insured's 65th birthday (for multiplier cutoff age 65) or 75th birthday (for multiplier cutoff age 75).
Your policy will automatically terminate on the death of the Insured.
If death occurs within the first 13 days of the Insured's date of birth, the total amount payable for under the policy is limited to 20% of the Minimum Death Benefit.
### b. Total & Permanent Disability (TPD) Benefit
The TPD Benefit comprises of 2 components:
- **TPD Benefit on GPP (IV) Accumulator** is a **participating** component; and
- **TPD Benefit on GPP (IV) Booster** is a **non-participating** component which forms part of the Minimum Death Benefit, if a TPD claim occurs before the Expiry Date of the TPD on GPP (IV) Booster component.
In the event of TPD of the Insured before the policy anniversary occurring on or immediately following the Insured's 70th birthday, we will pay, in one lump sum, the Death Benefit, after deducting any amounts owing to us (including any outstanding Deferred Premium Amount if the Premium Pass Option is exercised).
The TPD Benefit is an accelerated benefit that accelerates the payment of the Insured Amount under the basic policy (i.e. GPP (IV) Accumulator component & GPP (IV) Booster component). The Insured Amount under the basic policy will be reduced by the TPD Benefit accordingly.
Your policy will automatically terminate once the Insured Amount under the basic policy is accelerated in full.
Before the policy anniversary occurring on or immediately following the Insured's 65th birthday, TPD means the Insured is not capable of doing or carrying out any work, occupation or profession, to earn or obtain any wages, compensation or profit. Such disability must continue uninterrupted for at least 6 consecutive months and there is no possibility of improvement for an indefinite time.
From the policy anniversary occurring on or immediately following the Insured's 65th birthday, TPD means the Insured is not capable of performing at least 2 of the following 6 Activities of Daily Living even with the aid of special equipment, and always to require the physical assistance of another person throughout the entire activity. Such disability must continue uninterrupted for at least 6 consecutive months and there is no possibility of improvement for an indefinite time.
Activities of Daily Living are:
(a) Transferring: the ability to move from a bed to an upright chair or wheelchair and vice versa
(b) Mobility: the ability to move indoors from room to room on level surfaces
(c) Toileting: the ability to use the lavatory or otherwise manage bowel and bladder functions so as to maintain a satisfactory level of personal hygiene
(d) Dressing: the ability to put on, take off, secure and unfasten all garments and as appropriate, any braces, artificial limbs or other surgical appliances
(e) Washing: the ability to wash in the bath or shower (including getting into and out of the bath or shower) or wash satisfactorily by any other means
(f) Feeding: the ability to feed oneself once food has been prepared and made available
However, any of the following conditions* will be immediately recognised as TPD:
(i) total and irrecoverable loss of sight of both eyes; or
(ii) loss by complete severance or the total and irrecoverable loss of use of 2 limbs at or above the wrist or ankle; or
(iii) total and irrecoverable loss of sight of 1 eye; and
a. loss by complete severance of 1 limb at or above the wrist or at or above the ankle; or
b. total and irrecoverable loss of use of 1 limb at or above the wrist or at or above the ankle.
*If the Insured is a juvenile, we will only admit these conditions as TPD.
Besides other underwriting limits applicable to this plan, this benefit is also subject to the TPD per life limit of S$7,500,000 (aggregated with other policies or supplementary benefits issued on the same life). For policies issued in other currencies, a conversion rate as determined by the company will apply.
### c. Option to Purchase Additional Insurance (OPAI) Benefit
The OPAI benefit gives you the option to purchase a new whole life or endowment policy up to the Insured Amount of GPP (IV) Accumulator component, or S$100,000, whichever is lower, without evidence of insurability, on the life of the Insured.
The OPAI benefit must be exercised within 90 days from any of the following events:
(i) 18th birthday of the Insured;
(ii) marriage of the Insured;
(iii) birth of the Insured's child;
(iv) adoption of a child through legal means by the Insured; or
(v) death of the Insured's spouse.
The above condition (i) shall not apply to an Insured aged 18 or older at the time of issuance of the policy.
If you have other policies providing the same benefits as this OPAI Benefit on the life of the same Insured, the aggregate of the insured amounts of all new policies issued must not exceed S$100,000 for the purpose of exercising the option on the same event.
The option may only be exercised once (regardless of the amount purchased), and the option must be exercised before the 55th birthday of the Insured. As a result, if the Insured is aged 55 and above when you purchase this plan, you will not be eligible for this benefit.
The additional insurance for the new whole life or endowment policy shall be issued on the same terms as the original policy. If there are exclusions applied on the original policy, the same exclusions shall apply to the additional insurance purchased. This OPAI benefit is only offered to standard lives. The premium payable for the additional insurance will be based on the Insured's attained age at the time of application for the additional insurance.
Note: The OPAI benefit may not be offered in cases such as when a new policy is purchased through a conversion privilege or OPAI from an existing policy, or if a policy is issued on sub-standard terms, or if the customer exceeds the maximum allowable age, or at our discretion. The reasons listed are not exhaustive.
### d. Premium Pass Option
In the event of involuntary retrenchment, you may request to exercise the Premium Pass Option after the third policy anniversary, provided your policy is in force and premiums have been fully paid for the first 3 policy years.
Upon successful activation of the Premium Pass Option, you are not required to pay premiums over a period of 12 consecutive months ("Premium Pass Period"). During the Premium Pass Period, your policy (including any waiver (if any)) will continue to be in force. The cumulative premiums deferred during the Premium Pass Period shall be referred to as the "Deferred Premium Amount". No interest will be charged on the Deferred Premium Amount during the Premium Pass Period.
At the end of the Premium Pass Period, you will be granted an interest-free loan equal to the outstanding Deferred Premium Amount, to be repaid over 12 consecutive months ("Interest-free Repayment Period"), if there is sufficient guaranteed cash value. The interest-free loan will be deemed as an amount owing to us, but no interest will be charged during the Interest-free Repayment Period.
At the end of the Interest-free Repayment Period, interest will be charged for the outstanding Deferred Premium Amount that remains unpaid after the Interest-free Repayment Period.
You may repay the Deferred Premium Amount anytime, in lump sum or regular instalments.
In order to activate the Premium Pass Option, supporting documents must be submitted to us within 2 months from the end of the Deferment Period. Deferment Period refers to a period of 2 months from the effective date of the Involuntary Retrenchment, during which you are unable to secure any full-time employment.
[p.3]
Besides other underwriting limits applicable to this plan, this benefit is also subject to the TPD per life limit of S$7,500,000 (aggregated with other policies or supplementary benefits issued on the same life). For policies issued in other currencies, a conversion rate as determined by the company will apply.
### c. Option to Purchase Additional Insurance (OPAI) Benefit
The OPAI benefit gives you the option to purchase a new whole life or endowment policy up to the Insured Amount of GPP (IV) Accumulator component, or S$100,000, whichever is lower, without evidence of insurability, on the life of the Insured.
The OPAI benefit must be exercised within 90 days from any of the following events:
(i) 18th birthday of the Insured;
(ii) marriage of the Insured;
(iii) birth of the Insured's child;
(iv) adoption of a child through legal means by the Insured; or
(v) death of the Insured's spouse.
The above condition (i) shall not apply to an Insured aged 18 or older at the time of issuance of the policy.
If you have other policies providing the same benefits as this OPAI Benefit on the life of the same Insured, the aggregate of the insured amounts of all new policies issued must not exceed S$100,000 for the purpose of exercising the option on the same event.
The option may only be exercised once (regardless of the amount purchased), and the option must be exercised before the 55th birthday of the Insured. As a result, if the Insured is aged 55 and above when you purchase this plan, you will not be eligible for this benefit.
The additional insurance for the new whole life or endowment policy shall be issued on the same terms as the original policy. If there are exclusions applied on the original policy, the same exclusions shall apply to the additional insurance purchased. This OPAI benefit is only offered to standard lives. The premium payable for the additional insurance will be based on the Insured's attained age at the time of application for the additional insurance.
Note: The OPAI benefit may not be offered in cases such as when a new policy is purchased through a conversion privilege or OPAI from an existing policy, or if a policy is issued on sub-standard terms, or if the customer exceeds the maximum allowable age, or at our discretion. The reasons listed are not exhaustive.
### d. Premium Pass Option
In the event of involuntary retrenchment, you may request to exercise the Premium Pass Option after the third policy anniversary, provided your policy is in force and premiums have been fully paid for the first 3 policy years.
Upon successful activation of the Premium Pass Option, you are not required to pay premiums over a period of 12 consecutive months ("Premium Pass Period"). During the Premium Pass Period, your policy (including any waiver (if any)) will continue to be in force. The cumulative premiums deferred during the Premium Pass Period shall be referred to as the "Deferred Premium Amount". No interest will be charged on the Deferred Premium Amount during the Premium Pass Period.
At the end of the Premium Pass Period, you will be granted an interest-free loan equal to the outstanding Deferred Premium Amount, to be repaid over 12 consecutive months ("Interest-free Repayment Period"), if there is sufficient guaranteed cash value. The interest-free loan will be deemed as an amount owing to us, but no interest will be charged during the Interest-free Repayment Period.
At the end of the Interest-free Repayment Period, interest will be charged for the outstanding Deferred Premium Amount that remains unpaid after the Interest-free Repayment Period.
You may repay the Deferred Premium Amount anytime, in lump sum or regular instalments.
In order to activate the Premium Pass Option, supporting documents must be submitted to us within 2 months from the end of the Deferment Period. Deferment Period refers to a period of 2 months from the effective date of the Involuntary Retrenchment, during which you are unable to secure any full-time employment.
The Premium Pass Option can only be exercised once during the lifetime of the policy.
Any outstanding Deferred Premium Amount will be deducted from any benefit payment we make on a claim.
In the event of a claim under accelerated benefit, which partially accelerates the payment of Insured Amount of the basic policy, the Deferred Premium Amount will be adjusted accordingly based on the reduced sum assured.
**Illustration upon successful activation of Premium Pass Option:**
[Premium Due Date of last unpaid premium]
[Premium Pass Period (12 months)] [Interest-free Repayment Period (12 months)]
X [X + 12 months] [X + 24 months]
- Not required to pay premium.
- These premiums become "Deferred Premium Amount".
- Basic and riders remain in-force
[Resume paying premium as usual]
["Deferred Premium Amount" become "Interest-free Loan" if sufficient guaranteed cash value]
[Any outstanding "Interest-free Loan" become "Automatic Policy Loan" and start accrue interest]
### e. Income Drawdown Facility
The Income Drawdown Facility allows you to utilise either 50% or 100% of the Insured Amount of GPP (IV) Accumulator component for its cash value to receive annual income for a period of 10 years.
a) If you choose utilisation ratio of 50%, we will surrender an amount equivalent to 5% of the Insured Amount of GPP (IV) Accumulator component (as determined at the start of income drawdown) every year and pay you the cash surrender value as an annual payout for 10 years. At the end of the 10-year payout period, the Policy (including any supplementary agreements) will continue to be inforce with the remaining Insured Amount.
b) If you choose utilisation ratio of 100%, we will surrender an amount equivalent to 10% of the Insured Amount of GPP (IV) Accumulator component (as determined at the start of income drawdown) every year and pay you the cash surrender value as an annual payout for 10 years. At the end of the 10-year payout period, the Policy (including any supplementary agreements) will be terminated.
The annual payout will start from the policy anniversary immediately following our acceptance of your request to utilise the Income Drawdown Facility. With every annual payout, the Insured Amount of GPP (IV) Accumulator component will be reduced by the surrendered amount. If at any time the Insured Amount of GPP(IV) Accumulator component becomes lower than the Insured Amount of the supplementary agreement (if any), the Insured Amount of the supplementary agreement(s) will be reduced to an amount as determined by us. Any benefits subsequently payable under your basic policy (and supplementary agreement, if any) will be based on the reduced Insured Amount.
The annual payout cannot be deposited with us to accumulate interest.
You may only utilise the Income Drawdown Facility once during the Availability Period. The Availability Period refers to the period when you are allowed to start utilizing the Income Drawdown Facility.
(i) The Availability Period starts from the Expiry Date of GPP(IV) Booster component or the end of the premium payment term under GPP(IV) Accumulator component, whichever is later.
(ii) The Availability Period ends on the policy anniversary date immediately following the Insured's 85th birthday.
Such request must be submitted at least 6 months before the policy anniversary that you wish to start receiving annual income. Once we accept your request, you cannot reverse the Income Drawdown Facility or make changes to the utilisation ratio or the first payout date. You may cancel the Income Drawdown Facility anytime, but you are not allowed to utilise it again.
Please refer to the Supplementary Illustration for the illustrated annual income and adjustment to Death Benefit and surrender value if you utilise the Income Drawdown Facility, based on your chosen exercise age and utilisation ratio.
[p.4]
The Premium Pass Option can only be exercised once during the lifetime of the policy.
Any outstanding Deferred Premium Amount will be deducted from any benefit payment we make on a claim.
In the event of a claim under accelerated benefit, which partially accelerates the payment of Insured Amount of the basic policy, the Deferred Premium Amount will be adjusted accordingly based on the reduced sum assured.
**Illustration upon successful activation of Premium Pass Option:**
| Premium Due Date of last unpaid premium | Premium Pass Period (12 months) | Interest-free Repayment Period (12 months) |
|---|---|---|
| X | X + 12 months | X + 24 months |
- Not required to pay premium.
- These premiums become "Deferred Premium Amount".
- Basic and riders remain in-force
- Resume paying premium as usual.
- "Deferred Premium Amount" become "Interest-free Loan" if sufficient guaranteed cash value.
- Any outstanding "Interest-free Loan" become "Automatic Policy Loan" and start accrue interest
### e. Income Drawdown Facility
The Income Drawdown Facility allows you to utilise either 50% or 100% of the Insured Amount of GPP (IV) Accumulator component for its cash value to receive annual income for a period of 10 years.
a) If you choose utilisation ratio of 50%, we will surrender an amount equivalent to 5% of the Insured Amount of GPP (IV) Accumulator component (as determined at the start of income drawdown) every year and pay you the cash surrender value as an annual payout for 10 years. At the end of the 10-year payout period, the Policy (including any supplementary agreements) will continue to be inforce with the remaining Insured Amount.
b) If you choose utilisation ratio of 100%, we will surrender an amount equivalent to 10% of the Insured Amount of GPP (IV) Accumulator component (as determined at the start of income drawdown) every year and pay you the cash surrender value as an annual payout for 10 years. At the end of the 10-year payout period, the Policy (including any supplementary agreements) will be terminated.
The annual payout will start from the policy anniversary immediately following our acceptance of your request to utilise the Income Drawdown Facility. With every annual payout, the Insured Amount of GPP (IV) Accumulator component will be reduced by the surrendered amount. If at any time the Insured Amount of GPP(IV) Accumulator component becomes lower than the Insured Amount of the supplementary agreement (if any), the Insured Amount of the supplementary agreement(s) will be reduced to an amount as determined by us. Any benefits subsequently payable under your basic policy (and supplementary agreement, if any) will be based on the reduced Insured Amount.
The annual payout cannot be deposited with us to accumulate interest.
You may only utilise the Income Drawdown Facility once during the Availability Period. The Availability Period refers to the period when you are allowed to start utilizing the Income Drawdown Facility.
(i) The Availability Period starts from the Expiry Date of GPP(IV) Booster component or the end of the premium payment term under GPP(IV) Accumulator component, whichever is later.
(ii) The Availability Period ends on the policy anniversary date immediately following the Insured's 85th birthday.
Such request must be submitted at least 6 months before the policy anniversary that you wish to start receiving annual income. Once we accept your request, you cannot reverse the Income Drawdown Facility or make changes to the utilisation ratio or the first payout date. You may cancel the Income Drawdown Facility anytime, but you are not allowed to utilise it again.
Please refer to the Supplementary Illustration for the illustrated annual income and adjustment to Death Benefit and surrender value if you utilise the Income Drawdown Facility, based on your chosen exercise age and utilisation ratio.
### f. Maturity Benefit
Upon maturity, we will pay in one lump sum, the Insured Amount under the GPP (IV) Accumulator component plus any bonuses after deducting any amount owing to us.
Your policy will mature on the policy anniversary occurring on or immediately following the Insured's 100th birthday, and will automatically terminate on the maturity date.
### g. Surrender Value
You may surrender your policy for its cash value which is only available to the GPP (IV) Accumulator component. Your policy will automatically terminate once it is surrendered in full.
## Bonuses
You can receive bonuses in the form of Reversionary Bonus (RB) and Terminal Bonus (TB).
### a. Reversionary Bonus
The RB is a discretionary bonus that we may credit to your policy on an annual basis depending on the experience of the participating fund.
At an Illustrated Investment Rate of Return of 4.25% per annum, the RB rate is illustrated to be as follows:
| Policy Year | RB Rate (per annum) |
|---|---|
| All Years | $7.2 per $1,000 Insured Amount of the GPP (IV) Accumulator component, compounding at 0.72% |
In comparison, at an illustrated Investment Rate of Return of 3.00% per annum, the RB rate is expected to be adjusted downwards depending on the future outlook of the participating fund.
The RB declared in a particular year (if any) could be different from what is illustrated in the Policy Illustration at the time you purchased this policy or in subsequent projected illustrations that may be quoted to you.
The RB once declared and credited to your policy, is guaranteed and will not be affected by any subsequent years' revisions. However, if you surrender your policy, we will pay the surrender value of accumulated RB which is only a proportion of the accumulated RB. Surrendering your RB for cash value will have a negative impact on the TB payable (if any).
### b. Terminal Bonus
The TB is a non-guaranteed, discretionary bonus that may be payable on claim, maturity or surrender.
At an Illustrated Investment Rate of Return of 4.25% per annum, the TB scale is illustrated to be as follows:
| Terminal Bonus as a % of accumulated RB on Death or Maturity |
| Terminal Bonus as a % of surrender value of accumulated RB on Surrender |
| End of Policy Year | Entry age 0 – 20 | | |
| | 15-pay | 20-pay | 25-pay |
|---|---|---|---|
| 1 to 11 | 0% | 0% | 0% |
| 12 to 14 | 78.75% to 105% | 0% | 0% |
| 15 to 16 | 105% | 71.25% | 0% |
| 17 to 19 | 157.5% | 95% | 0% to 67.5% |
| 20 to 29 | 157.5% | 142.5% | 90% to 135% |
| 30 to 39 | 210% | 190% | 180% |
| 40 to 100 | 262.5% | 190% | 180% |
[p.5]
### f. Maturity Benefit
Upon maturity, we will pay in one lump sum, the Insured Amount under the GPP (IV) Accumulator component plus any bonuses after deducting any amount owing to us.
Your policy will mature on the policy anniversary occurring on or immediately following the Insured's 100th birthday, and will automatically terminate on the maturity date.
### g. Surrender Value
You may surrender your policy for its cash value which is only available to the GPP (IV) Accumulator component. Your policy will automatically terminate once it is surrendered in full.
## Bonuses
You can receive bonuses in the form of Reversionary Bonus (RB) and Terminal Bonus (TB).
### a. Reversionary Bonus
The RB is a discretionary bonus that we may credit to your policy on an annual basis depending on the experience of the participating fund.
At an **Illustrated Investment Rate of Return of 4.25% per annum**, the RB rate is illustrated to be as follows:
| Policy Year | RB Rate (per annum) |
|---|---|
| All Years | $7.2 per $1,000 Insured Amount of the GPP (IV) Accumulator component, compounding at 0.72% |
In comparison, at an illustrated Investment Rate of Return of 3.00% per annum, the RB rate is expected to be adjusted downwards depending on the future outlook of the participating fund.
The RB declared in a particular year (if any) could be different from what is illustrated in the Policy Illustration at the time you purchased this policy or in subsequent projected illustrations that may be quoted to you.
The RB once declared and credited to your policy, is guaranteed and will not be affected by any subsequent years' revisions. However, if you surrender your policy, we will pay the surrender value of accumulated RB which is only a proportion of the accumulated RB. Surrendering your RB for cash value will have a negative impact on the TB payable (if any).
### b. Terminal Bonus
The TB is a non-guaranteed, discretionary bonus that may be payable on claim, maturity or surrender.
At an **Illustrated Investment Rate of Return of 4.25% per annum**, the TB scale is illustrated to be as follows:
| Terminal Bonus as a % of accumulated RB on Death or Maturity Terminal Bonus as a % of surrender value of accumulated RB on Surrender | Entry age 0 – 20 | | |
|---|---|---|---|
| End of Policy Year | 15-pay | 20-pay | 25-pay |
| 1 to 11 | 0% | 0% | 0% |
| 12 to 14 | 78.75% to 105% | 0% | 0% |
| 15 to 16 | 105% | 71.25% | 0% |
| 17 to 19 | 157.5% | 95% | 0% to 67.5% |
| 20 to 29 | 157.5% | 142.5% | 90% to 135% |
| 30 to 39 | 210% | 190% | 180% |
| 40 to 100 | 262.5% | 190% | 180% |
| Terminal Bonus as a % of accumulated RB on Death or Maturity Terminal Bonus as a % of surrender value of accumulated RB on Surrender | Entry age 21 – 70 | | |
|---|---|---|---|
| End of Policy Year | 15-pay | 20-pay | 25-pay |
| 1 to 11 | 0% | 0% | 0% |
| 12 to 14 | 72.75% to 97% | 0% | 0% |
| 15 to 16 | 97% | 60% | 0% |
| 17 to 19 | 145.5% | 80% | 0% to 60% |
| 20 to 29 | 145.5% | 120% | 80% to 120% |
| 30 to 39 | 194% | 160% | 160% |
| 40 to 100 | 242.5% | 160% | 160% |
In comparison, at an illustrated Investment Rate of Return of 3.00% per annum, the TB scale is expected to be adjusted downwards depending on the future outlook of the participating fund.
Please refer to the Policy Illustration for the bonuses (including annual and terminal bonuses) amount at the illustrated Investment Rate of Return of 3.00% per annum and 4.25% per annum 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.
The Illustrated Investment Rate of Return is not guaranteed. The actual Investment Rate of Return will depend on the investment returns earned by the participating fund. As the bonus rates used for the benefits illustrated above are not guaranteed, the actual benefits payable may vary according to the future experience of the participating fund.
All guaranteed benefits, including bonuses which have already been credited to your policy, will be provided for regardless of the performance of the participating fund.
Future bonuses (including annual and terminal bonuses) are not guaranteed and are adjusted depending on the experience of the Participating Fund. This includes, the past, prevailing and projected future investment returns and other experience factors. In particular, investment returns can be volatile and we may vary bonuses from time to time. As such, the actual bonuses credited in a particular year could differ from previous projections or illustrations. In times of substantial decline in investment returns, we may reduce bonuses significantly. Conversely, in times of substantial increases in investment returns, we may increase bonuses to higher than those originally projected at the time of purchase of your policy.
Bonuses declared each year will be recommended, in writing, by the Appointed Actuary and approved by AIA Singapore's Board of Directors.
## 4. Exclusions
There are certain conditions under which no benefits will be payable. These are stated as exclusions in the policy contract. The exclusions for this plan include, but are not limited to, the following conditions. You are advised to read the policy contract for the full list of exclusions.
### Death Benefit
If the Insured commits suicide within one year from the policy issue date or date of reinstatement, whichever is later, our liability will be limited to a return of premiums paid without interest.
### TPD Benefit
Any disability caused directly or indirectly, wholly or partly, by any of the following occurrences:
(a) deliberate acts that endanger oneself, whether sane or insane, including any of the following:
(i) while in violation or attempted violation of the law or resistance to arrest; or
(ii) suicide or attempted suicide, intentional self-injury, or exposure to exceptional danger (except in an attempt to save human life);
[p.6]
(b) engaging in or taking part in air, military or naval service in time of declared or undeclared war or while under order for warlike operations or restoration of public order; or
(c) entering, operating, or servicing, riding in or on, ascending or descending from or with any aerial device or conveyance (except where the Insured is in an aircraft operated by a commercial passenger airline on a regular scheduled passenger trip over its established passenger route or by the Republic of Singapore Air Force).
### Premium Pass Option
The exclusions below are not exhaustive and any request to exercise Premium Pass Option is subject to our acceptance upon consideration of information submitted in support of the request.
You will not be able to exercise Premium Pass Option if:
(a) you were not a full-time employee immediately before your involuntary retrenchment;
(b) you were self-employed or employed by your immediate family member or a business owned by your immediate family member;
(c) you and/or your immediate family member (whether singly, jointly or in the aggregate) were in a position to exercise control or influence over the appointment and/or termination of employees by your employer;
(d) the termination of your full-time employment arose out of:
i. retirement;
ii. resignation;
iii. termination or suspension due to your breach of the terms of employment, or your own misconduct or negligence;
iv. your own wilful or deliberate misconduct or unlawful behaviour;
v. severance or natural termination of any fixed term contract of employment or of an interim contract;
vi. leave of absence whether paid or unpaid;
vii. military discharge;
viii. any voluntary forfeiture of income by you;
ix. failure to continue employment upon completion of probation period;
x. disability or injury due to any accident, sickness, pregnancy, childbirth or self destruction or any attempt threat, while sane or insane;
xi. your inability to continue the employment due to the need to service in armed forces in the time of war, declared or undeclared, or while under orders for warlike operations or restoration of public order;
xii. riot and civil commotion;
xiii. strike or labour disputes; or
xiv. any partial, seasonal or casual employment;
(e) you had not worked for at least 6 consecutive months in your last employment immediately prior to the involuntary retrenchment from full-time employment; or
(f) your loss of work relates to work as a self-employed person or independent contractor, and not termination from full-time employment.
## 5. Termination
Your basic policy shall automatically terminate on the earliest occurrence of the following:
(a) if any premium for your basic policy remains unpaid at the end of the grace period (except if Premium Pass Option is exercised) and there is insufficient guaranteed cash value under your basic policy to grant an automatic policy loan to pay the outstanding premium;
(b) if the Premium Pass Option has been exercised, and
(i) at the end of the Premium Pass Period, there is insufficient guaranteed cash value for us to grant you an interest-free loan equivalent to the outstanding Deferred Premium Amount to be paid over the Interest-free Repayment Period; or
(ii) at the end of the Interest-free Repayment Period, there is insufficient guaranteed cash value for us to grant you an automatic policy loan equal to the outstanding Deferred Premium Amount
(c) upon surrender of your basic policy;
(d) on the maturity date of Expiry Date of your basic policy;
(e) upon the death of the Insured;
(f) if the total amount of outstanding loan (which shall include any outstanding Deferred Premium Amount during or after the Interest-free Repayment Period where the Premium Pass Option is exercised) and any interest accrued is
[p.7]
higher than the guaranteed cash value; or
(g) when the sum of all Accelerated Benefits admitted equals the Insured Amount under your Basic Policy.
In addition, the coverage under the GPP (IV) Booster component shall automatically terminate on the earliest occurrence of the following:
(a) if your basic policy is converted to reduced paid-up insurance or extended term insurance; or
(b) on the Expiry Date of the GPP (IV) Booster component, which is the policy anniversary occurring on or immediately following the Insured's 65th birthday (for multiplier cutoff age 65) or 75th birthday (for multiplier cutoff age 75).
The coverage under the TPD Benefit shall automatically terminate on the earliest occurrence of the following:
(a) if your Basic Policy is terminated;
(b) if your Basic Policy is converted to reduced paid-up insurance or extended term insurance;
(c) on the date of commencement of TPD;
(d) on the policy anniversary occurring on or immediately following the insured's 70 birthday,
In addition, the coverage under TPD benefit on GPP (IV) Booster component shall automatically terminate on its Expiry Date, which is the policy anniversary occurring on or immediately following the Insured's 65th birthday, (for multiplier cutoff age 65) or 70th birthday (for multiplier cutoff age 75).
## 6. Investment of Assets
The premiums of the participating policies in the participating fund are invested in a range of assets and reflect the investment objectives which are:
(a) to ensure that the participating fund is financially sound and is able to meet the regulatory fund solvency requirements at all times; and
(b) to achieve an investment return sufficient to meet the guaranteed liabilities; and
(c) to enable the declaration of bonuses at reasonable levels.
The participating fund is managed by:
**AIA Investment Management Private Limited**
1 Robinson Road, AIA Tower #08-00, Singapore 048542
The current investment mix as at 31 December 2024 and target investment mix are as follows:
| Asset Class | Target | Current |
|---|---|---|
| Bonds | 62% | 63% |
| Risky Assets* | 38% | 37% |
| Total | 100% | 100% |
*Includes listed common stocks, private equity, alternative investments, investments into funds and real estate. We may vary the risk assets allocation depending on market conditions.
### 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. The Participating Fund can be separated into different sub-groups; the figures below refer to the investment returns for the sub-group or class of products that this policy belongs to.
| | 2022 | 2023 | 2024 | Average over the last 3 years | Average over the last 5 years | Average over the last 10 years |
|---|---|---|---|---|---|---|
| Investment Returns | -9.3% | 5.8% | 7.1% | 0.9% | 2.7% | 3.9% |
Please note that past performance may not be indicative of future performance.
[p.8]
### 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 vary 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 | Average over the last 3 years | Average over the last 5 years | Average over the last 10 years |
|---|---|---|---|---|---|---|
| Total Expense Ratio^ | 1.2% | 1.3% | 1.2% | 1.3% | 1.3% | 1.5% |
Please note that past expense ratios may not be indicative of actual expenses that may be incurred in the future.
^The Total Expense Ratio is for the whole Participating Fund.
## 7. Types of Risks Affecting the Level of Bonuses
The key factors affecting the performance of the Participating Fund are investment returns, mortality and morbidity experience, lapse and surrender experience, business risks (including but not limited to product design, selling and marketing practices, and demographic changes) and expense experience of the Participating Fund as a whole.
We will determine the level of bonuses taking into account the current performance as well as future outlook for the participating fund.
## 8. Sharing of Risks
Investment risks are shared among all the policies within the same group or class of products. Investment risks include foreign exchange risk on equities. The other key risks affecting the value of the Participating Fund including mortality, morbidity, lapses and surrenders, expenses and business risks are mostly shared by all the policies in the Participating Fund.
In determining the level of bonuses that can be paid, the assets available to support the group or class of products that this participating policy belongs to are derived by accumulating the premiums paid and investment income, minus the payments attributed to the group of policies (e.g. death benefits, survival benefits, surrender benefits, annual bonus paid out (if any), distribution to shareholders, tax and expenses).
## 9. Smoothing of Bonuses
In order to provide an element of stability in the returns to policyholders, smoothing is applied by spreading profits and losses from one year to the next. This means that in years where experience is good, not all the profits will be distributed to policyholders through bonuses declared, but instead such profits may be used to maintain returns to policyholders in years where experience is poor. The long-term cost of smoothing is intended to be broadly neutral across generations of policyholders.
For RBs, the scales are usually reviewed once a year. There is no maximum amount by which the scales may change from one year to the next.
For TB, the scales are usually reviewed once a year. However, TB may be changed at any time, particularly in adverse financial conditions.
This product was launched in 2023. The RBs declared over the past 2 years are consistent with the RB illustrated at the Illustrated Investment Rate of Return of 4.25% per annum as shown in the Policy Illustration / Supplementary Illustration.
TB is only available from policy year 12 onwards. As such, there is no past experience available for TB yet.
Please note that past performance is not necessarily indicative of future performance.
[p.9]
### 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 vary 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 | Average over the last 3 years | Average over the last 5 years | Average over the last 10 years |
|---|---|---|---|---|---|---|
| Total Expense Ratio^ | 1.2% | 1.3% | 1.2% | 1.3% | 1.3% | 1.5% |
^The Total Expense Ratio is for the whole Participating Fund.
**Please note that past expense ratios may not be indicative of actual expenses that may be incurred in the future.**
## 7. Types of Risks Affecting the Level of Bonuses
The key factors affecting the performance of the Participating Fund are investment returns, mortality and morbidity experience, lapse and surrender experience, business risks (including but not limited to product design, selling and marketing practices, and demographic changes) and expense experience of the Participating Fund as a whole.
We will determine the level of bonuses taking into account the current performance as well as future outlook for the participating fund.
## 8. Sharing of Risks
Investment risks are shared among all the policies within the same group or class of products. Investment risks include foreign exchange risk on equities. The other key risks affecting the value of the Participating Fund including mortality, morbidity, lapses and surrenders, expenses and business risks are mostly shared by all the policies in the Participating Fund.
In determining the level of bonuses that can be paid, the assets available to support the group or class of products that this participating policy belongs to are derived by accumulating the premiums paid and investment income, minus the payments attributed to the group of policies (e.g. death benefits, survival benefits, surrender benefits, annual bonus paid out (if any), distribution to shareholders, tax and expenses).
## 9. Smoothing of Bonuses
In order to provide an element of stability in the returns to policyholders, smoothing is applied by spreading profits and losses from one year to the next. This means that in years where experience is good, not all the profits will be distributed to policyholders through bonuses declared, but instead such profits may be used to maintain returns to policyholders in years where experience is poor. The long-term cost of smoothing is intended to be broadly neutral across generations of policyholders.
For RBs, the scales are usually reviewed once a year. There is no maximum amount by which the scales may change from one year to the next.
For TB, the scales are usually reviewed once a year. However, TB may be changed at any time, particularly in adverse financial conditions.
This product was launched in 2023. The RBs declared over the past 2 years are consistent with the RB illustrated at the Illustrated Investment Rate of Return of 4.25% per annum as shown in the Policy Illustration / Supplementary Illustration.
TB is only available from policy year 12 onwards. As such, there is no past experience available for TB yet.
**Please note that past performance is not necessarily indicative of future performance.**
## 10. Fees and Charges
This plan shares in the experience of the participating fund. This means that any expenses incurred by the plan can be charged to the policy including:
- commissions relating to participating policies;
- costs of acquiring new participating business (e.g. underwriting and issue expenses);
- costs of maintaining in-force participating business (e.g. premium collection, issuing renewal statements, administration system maintenance, financial and statutory reporting);
- investment expenses;
- taxation expenses;
- a reasonable and fair proportion of the general management and overhead expenses;
- claim expenses (e.g. mortality/morbidity, surrender); and
- any other expenses and charges properly attributable to the participating fund.
All expenses, except for commissions, are shared and charged to the assets backing the policy according to the Sharing of Risk described earlier. For commissions, the actual amount is charged to each individual policy. All fees and charges have been included in the calculation of the premium and will not be charged separately to you.
## 11. Adjustment in Premium Rates
The premium rates are guaranteed.
## 12. Impact of Early Surrender
You may wish to refer to the Policy Illustration which illustrates the surrender value you will receive if you intend to surrender your policy.
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. You should consider carefully before terminating the policy or switching to a new one as there may be disadvantages in doing so. The new policy may cost more or have fewer benefits at the same cost.
## 13. Update on Performance
You will receive an annual performance update which consists of the following:
- Participating Policy Annual Statement that sets out the illustrated benefits at maturity / surrender within 2 months of your policy anniversary; and
- Participating Fund Commentary on the performance of the participating fund and the outlook, usually by July every year.
## 14. Conflict of Interest
Potential conflicting interests may arise from time to time between this policy and other policies issued by us, or between the participating fund of this policy and other funds of other policies or other funds managed by us. In such cases, we will act fairly in respect of all policies issued by us and all funds managed by us and to balance the interests of this policy and the relevant fund.
## 15. Related Parties Transactions
AIA Investment Management Private Limited, the manager of AIA participating funds, is a related party to AIA Singapore. We will ensure that all related parties transactions are done in a just and equitable manner and carried out at arms' length.
For related party transactions which are considered material outsourcing, AIA Singapore will comply with its outsourcing guidelines which would require, among others, that the terms of the transaction are documented and that risks relating to business continuity management, monitoring and control, audit and inspection and performance standards are clearly set out.
[p.10]
## 10. Fees and Charges
This plan shares in the experience of the participating fund. This means that any expenses incurred by the plan can be charged to the policy including:
- commissions relating to participating policies;
- costs of acquiring new participating business (e.g. underwriting and issue expenses);
- costs of maintaining in-force participating business (e.g. premium collection, issuing renewal statements, administration system maintenance, financial and statutory reporting);
- investment expenses;
- taxation expenses;
- a reasonable and fair proportion of the general management and overhead expenses;
- claim expenses (e.g. mortality/morbidity, surrender); and
- any other expenses and charges properly attributable to the participating fund.
All expenses, except for commissions, are shared and charged to the assets backing the policy according to the Sharing of Risk described earlier. For commissions, the actual amount is charged to each individual policy. All fees and charges have been included in the calculation of the premium and will not be charged separately to you.
## 11. Adjustment in Premium Rates
The premium rates are guaranteed.
## 12. Impact of Early Surrender
You may wish to refer to the Policy Illustration which illustrates the surrender value you will receive if you intend to surrender your policy.
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. You should consider carefully before terminating the policy or switching to a new one as there may be disadvantages in doing so. The new policy may cost more or have fewer benefits at the same cost.
## 13. Update on Performance
You will receive an annual performance update which consists of the following:
- Participating Policy Annual Statement that sets out the illustrated benefits at maturity / surrender within 2 months of your policy anniversary; and
- Participating Fund Commentary on the performance of the participating fund and the outlook, usually by July every year.
## 14. Conflict of Interest
Potential conflicting interests may arise from time to time between this policy and other policies issued by us, or between the participating fund of this policy and other funds of other policies or other funds managed by us. In such cases, we will act fairly in respect of all policies issued by us and all funds managed by us and to balance the interests of this policy and the relevant fund.
## 15. Related Parties Transactions
AIA Investment Management Private Limited, the manager of AIA participating funds, is a related party to AIA Singapore. We will ensure that all related parties transactions are done in a just and equitable manner and carried out at arms' length.
For related party transactions which are considered material outsourcing, AIA Singapore will comply with its outsourcing guidelines which would require, among others, that the terms of the transaction are documented and that risks relating to business continuity management, monitoring and control, audit and inspection and performance standards are clearly set out.
## 16. Free-Look Period
After purchasing a life insurance policy, you have a 14-day free-look period starting from the day you receive your policy documents to review the documents carefully. During this time, if you choose to cancel your policy, the insurer 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 the insurer.
If you opted for an electronic copy of your policy, the 14-day free-look period will start when you receive our SMS or email notification, informing you that the policy contract documents are available for your viewing on our customer portal.
If we have posted the policy to you, the 14-day free-look period will start 7 days from the date we posted the policy.
If the policy was delivered to you by hand, the 14-day free-look period will start 7 days from the date on which the policy was given to the postal/courier company or your insurance representative.
### Important Notes:
This insurance plan is underwritten by AIA Singapore. All insurance applications are subject to our underwriting and acceptance. Submission of an application and payment of premium does not constitute and should not be construed as acceptance by us. We reserve the right to withdraw the plan or reject applications, at any time or for any reason without notice.
This product summary does not form a part of any contract of insurance. It is intended only to be a simplified description of the product features applicable to this plan and is not exhaustive. The contents of this product summary may vary from the terms of cover eventually issued. Please refer to the actual policy contract for all terms and conditions, including exclusions whereby the benefits under your policy may not be paid out. You are advised to read the policy contract. For the avoidance of doubt, only the terms and conditions as set out in the policy contract will bind the parties.
[p.11]
## Product Summary for AIA Vitality Benefit on AIA Guaranteed Protect Plus (IV) (If membership is enrolled)
Ver. 4.0
AIA Vitality is a world leading wellness programme that works with you to make real change to your health. You may choose to sign up for AIA Vitality with your AIA Guaranteed Protect Plus (IV) policy to enjoy additional benefits. When the Insured signs up as an AIA Vitality member, your policy provides you with an additional Vitality Status-dependent coverage in the form of a PowerUp Dollar, which is payable upon meeting certain criteria.
## Benefits
### 1) PowerUp Dollar Benefit
While your policy and the Insured's AIA Vitality membership are in force, we will pay the PowerUp Dollar (if any) on the earliest occurrence of the following events:
(a) upon the death of the Insured;
(b) upon occurrence of any insured event under a supplementary benefit which wholly accelerates the Insured Amount of the basic policy; or
(c) on the maturity date of basic policy.
### 2) Adjustment of PowerUp Dollar at Policy Anniversary
At the commencement of your policy, the Base PowerUp Dollar will be accorded to the policy if the Insured is an AIA Vitality member. The Base PowerUp Dollar is represented as a percentage of the Insured Amount under AIA Guaranteed Protect Plus (IV) Accumulator ("GPP (IV) Accumulator") component and is given according to the scale below:
| Minimum Death Benefit Selected | % of the Insured Amount under the GPP(IV) Accumulator component |
|---|---|
| 2x the Insured Amount under the AIA GPP(IV) Accumulator component | 10% |
| 3x the Insured Amount under the AIA GPP(IV) Accumulator component | 15% |
| 5x the Insured Amount under the AIA GPP(IV) Accumulator component | 25% |
The PowerUp Dollar may increase or decrease at each policy anniversary depending on the Insured's Vitality status as at 45 days before each policy anniversary.
(a) The PowerUp Dollar may increase or decrease by the amount of the Base PowerUp Dollar multiplied by the percentage of adjustment corresponding with the Insured's Vitality Status as follows:
| Vitality Status | Percentage of Adjustment |
|---|---|
| Bronze | -10% |
| Silver | -5% |
| Gold | 0% |
| Platinum | 5% |
(b) The PowerUp Dollar is subject to the following limits:
| Minimum PowerUp Dollar Limit | 0 |
|---|---|
| Maximum PowerUp Dollar Limit | 150% of Base PowerUp Dollar |
[p.12]
## Key Product Provisions
The following are some key provisions found in the Vitality Benefit endorsement. This is only a brief summary and you are advised to refer to the actual terms and conditions in the Vitality Benefit endorsement. Please consult your AIA Financial Services Consultant or Insurance Representative should you require further explanation.
### 1) Reduction to the Insured Amount under the AIA GPP (IV) Accumulator component upon your Request
If the Insured Amount under the GPP(IV) Accumulator component is reduced upon your request, the PowerUp Dollar, the Base PowerUp Dollar and the Maximum PowerUp Dollar Limit will each be reduced accordingly.
### 2) Reduction to the Insured Amount under the GPP(IV) Accumulator component upon Admission of a Claim
If the Insured Amount under the GPP(IV) Accumulator component is reduced upon admission of a claim, the Base PowerUp Dollar and the Maximum PowerUp Dollar limit will each be reduced accordingly.
### 3) Cessation of PowerUp Dollar Adjustments
While the Insured has a Vitality Status 45 days before any policy anniversary, the PowerUp Dollar will cease to increase or decrease and there will be no further adjustments to the PowerUp Dollar for the remaining duration of your policy upon the later of the following:
(a) on the policy anniversary occurring on or immediately following the Insured's 65th birthday (for multiplier cutoff age 65) or 75th birthday (for multiplier cutoff age 75); or
(b) on the 15th policy anniversary of your basic policy.
### 4) No Vitality Status
In the event that the Insured does not have a Vitality Status 45 days before any policy anniversary for any reason, including but not limited to termination of the Insured's AIA Vitality membership, the PowerUp Dollar will be revised to $0 at the policy anniversary. The revised PowerUp Dollar of $0 will be used for the purpose of future adjustments of PowerUp Dollar even if the Insured's Vitality Status is revived subsequently.
### 5) Termination
The Vitality Benefit will automatically terminate on the earliest occurrence of the following:
(a) if the basic policy is terminated; or
(b) if the basic policy is converted to reduced paid-up insurance or extended term insurance; or
(c) if your policy is transferred to another Insured as provided for under AIA Baby Protect Plus (III) supplementary benefit (if applicable); or
(d) upon the payment of the PowerUp Dollar.
## Important Notes
All insurance applications are subject to our underwriting and acceptance. Submission of an application and payment of premium does not constitute and should not be construed as acceptance by us. We reserve the right to withdraw the plan or reject applications, at any time or for any reason without notice.
This product summary does not form a part of any contract of insurance. It is intended only to be a simplified description of the product features applicable to this benefit and is not exhaustive. The contents of this product summary may vary from the terms of cover eventually issued. Please refer to the actual endorsement for all terms and conditions, including exclusions whereby the benefits under your policy may not be paid out. You are advised to read the endorsement. For the avoidance of doubt, only the terms and conditions as set out in the endorsement will bind the parties.
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. You should consider carefully before terminating the policy or switching to a new one as there may be disadvantages in doing so. The new policy may cost more or have fewer benefits at the same cost.
[p.13]
---
### https://lifeinsurance.com.sg/api/product/aia/platinum-retirement-elite/summary.md
# AIA Platinum Retirement
Elite
**Insurer:** AIA Singapore (AIA Singapore Private Limited)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/201106386R/WA_Sum_201106386R_PRE_Jul2025.pdf
## Source wording
- **Effective from:** 2025-07-01
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/201106386R/WA_Sum_201106386R_PRE_Jul2025.pdf
- **PDF sha256:** `ab73f3fecb51e15e8dfaa265131bd9c8ab3f36be868336d37b52193b84abc624`
- **Extraction confidence:** verified
## Extracted facts
### free look
```json
{
"period_days": 14,
"source_page": 6,
"refund_basis": "the insurer will refund you the premiums you have paid without interest, in accordance with the insurer's prevailing premium refund formula and after making the necessary adjustments on the following: (i) any change in the market value of the underlying assets of the fund chosen by you as at the valuation day immediately following the date of our receipt of your request; and (ii) less any medical fees and other expenses, such as payments for medical check-ups and medical reports incurred by the insurer."
}
```
### exclusions
```json
[
{
"text": "if the Insured, whether sane or insane, commits suicide within one year from the issue date or reinstatement date of the policy, whichever is later",
"source_page": 6
},
{
"text": "any material misrepresentation or concealment during the 2-year period beginning from the issue date or reinstatement date of the policy, whichever is later",
"source_page": 6
},
{
"text": "fraud at any time",
"source_page": 6
},
{
"text": "any Terminal Illness the symptoms of which first occurred prior to the issue date or reinstatement date of your Policy, whichever is later, or for which the diagnosis of Terminal Illness was made within 30 days following the issue date or reinstatement date of your Policy, whichever is later.",
"source_page": 6
},
{
"text": "Terminal Illness in the presence of HIV infection is excluded.",
"source_page": 1
},
{
"text": "where, in our opinion, the Terminal Illness was directly or indirectly due to Acquired Immunodeficiency Syndrome (AIDS) or infection by any Human Immunodeficiency Virus (HIV).",
"source_page": 6
},
{
"text": "Accidental Death Benefit: war (whether declared or, undeclared or otherwise), invasion, civil war, revolution or any warlike operations",
"source_page": 6
},
{
"text": "Accidental Death Benefit: violation or attempted violation of the law or resistance to arrest",
"source_page": 6
},
{
"text": "Accidental Death Benefit: suicide or attempted suicide, intentional self-injury or exposure to exceptional danger (except in an attempt to save human life)",
"source_page": 6
},
{
"text": "Accidental Death Benefit: childbirth, pregnancy or miscarriage or any complications concerning therewith notwithstanding that such event may have been accelerated or induced by Injury, and/or any treatment arising from any such event therefrom",
"source_page": 6
},
{
"text": "Accidental Death Benefit: treatment of alcoholism, drug abuse or any other complications arising there-from, or Accidents caused by or whilst under the influence of drugs or alcohol or drug overdose (whether intentional, accidental or otherwise)",
"source_page": 6
},
{
"text": "Accidental Death Benefit: engaging in air travel (except as a fare-paying passenger in any properly licensed private and/or commercial aircraft, or as a crew member in a properly licensed commercial aircraft operated by a commercial passenger airline on a regular scheduled passenger trip over its established passenger route)",
"source_page": 6
},
{
"text": "Accidental Death Benefit: engaging in a sport in a professional capacity or where the Insured would or could earn income or remuneration from engaging in such sport",
"source_page": 6
},
{
"text": "Accidental Death Benefit: engaging in racing of all kinds (other than on foot and swimming)",
"source_page": 6
},
{
"text": "Accidental Death Benefit: engaging or taking part in air, military, naval training, exercises, manoeuvres, warlike operations or handling of explosives and demolition materials or while under orders for restoration of public order, whether in time of peace, declared, undeclared war or otherwise, except where operationally ready national service duties are carried out in Singapore or overseas (if applicable) pursuant to the Enlistment Act 1970.",
"source_page": 6
}
]
```
### cash values
```json
{
"has_cash_value": true,
"non_guaranteed_bonus": {
"text": "While the policy is inforce and provided all the premiums are paid, we will pay a Power-up Bonus from the end of tenth policy year and at the end of every fifth policy year thereafter. The Power-up Bonus will be added to the policy in the form of additional units. Single Premium: 2.5% of Single Premium x Adjustment Factor. Regular Premium: 12.5% of Annual Premium x Adjustment Factor.",
"available": true,
"bonus_types": [
"other"
],
"source_page": 1
},
"guaranteed_surrender_value": {
"basis": "Surrender value is the policy value less full surrender charge; policy value is not guaranteed as it is subject to the performance of the ILP sub-funds.",
"available": false,
"source_page": 5
}
}
```
### grace period
```json
{}
```
### product type
```json
"investment-linked"
```
### policy basics
```json
{
"maximum_entry_age": {
"basis": "as-stated",
"years": 75,
"source_page": 1
},
"minimum_entry_age": {
"basis": "as-stated",
"years": 0,
"source_page": 1
}
}
```
### premium terms
```json
{
"cpf_eligible": {
"srs": true,
"notes": "Supplementary Retirement Scheme (SRS) is available but only allowed for single premium S$ currency.",
"source_page": 1,
"special_account": false,
"ordinary_account": false
},
"payment_modes": [
"single",
"annual",
"semi-annual",
"quarterly",
"monthly"
],
"minimum_premium": {
"amount": 522,
"currency": "SGD",
"source_page": 5
},
"premium_term_options": [
{
"label": "Single Pay",
"description": "You may choose to pay your premium in single pay or regular pay for 5 years.",
"source_page": 1
},
{
"label": "Regular Pay (5-year)",
"description": "You may choose to pay your premium in single pay or regular pay for 5 years.",
"source_page": 1
}
],
"premium_review_clause": {
"reviewable": false
}
}
```
### reinstatement
```json
{
"conditions": "Unless your Policy has been terminated as described in paragraphs (i), (ii), (iii), or (vi) of section 7.5, the policy may be reinstated within 5 years from the date that the policy is lapsed, subject to satisfaction of our terms and conditions. For reinstatement, you are required to back-pay all outstanding past regular premiums that were due.",
"source_page": 6,
"window_years": 5
}
```
### non forfeiture
```json
{
"paid_up": {
"text": "Not described in the product summary.",
"available": false
},
"source_page": 6,
"extended_term": {
"text": "Not described in the product summary.",
"available": false
},
"automatic_premium_loan": {
"text": "Not described in the product summary.",
"available": false
}
}
```
### suicide clause
```json
{
"source_page": 6,
"payout_within_period": "Our liability under the policy shall be limited to 100% of the policy value in case of the following: (i) if the Insured, whether sane or insane, commits suicide within one year from the issue date or reinstatement date of the policy, whichever is later",
"exclusion_period_months": 12
}
```
### document metadata
```json
{
"wording_version": "Version 3.0",
"product_full_name": "AIA Platinum Retirement Elite",
"insurer_legal_entity": "AIA Singapore Private Limited (Reg. No. 201106386R)"
}
```
### terminal illness benefit
```json
{
"available": true,
"source_page": 1,
"acceleration_percent": 100,
"qualifying_definition": "any condition caused by illness or injury, where at the time of claim, despite all reasonable medical treatment, the Insured is expected to live for no more than 12 months."
}
```
---
*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.*
---
### https://lifeinsurance.com.sg/api/product/aia/platinum-retirement-elite/wording.md
# Product Summary for AIA Platinum Retirement Elite
## Version 3.0
To help you understand Investment-linked policies better, please refer to 'Your Guide To Investment-Linked Insurance Plans' (YGILIP), which can be found at www.aia.com.sg or www.lia.org.sg. YGILIP is also available from your AIA Financial Services Consultant or Insurance Representatives.
## 1. Provider of the Plan
AIA Singapore Private Limited (Reg. No. 201106386R) ("we, our, us, AIA Singapore")
1 Robinson Road
AIA Tower
Singapore 048542
## 2. Nature & Objective of the Plan
AIA Platinum Retirement Elite is a limited premium investment-linked policy that is designed to help you to maximise your wealth creation needs towards retirement.
You can choose your Target Monthly Retirement Income that you wish to receive from the Target Retirement Age over the Target Payout Period. You can also choose to receive an increasing Target Monthly Retirement Income via the Stepped-up Income Option.
### Options available for your retirement planning:
| Options | Range |
|---------|-------|
| Target Retirement Age | Entry age 0 to 65: From age 50 to 75 (interval of one (1) year)
Entry age 66 to 75*: From age 76 to 85 (interval of one (1) year) |
| Target Payout Period | Minimum 10 years or up to age 100 of the Insured |
| Stepped-up Income Option | From 0% to 5% |
*Entry age of 66 to 75 is applicable for single pay only.
You may choose to pay your premium in single pay or regular pay for 5 years.
This plan is available using cash in both S$ and US$ currency. Supplementary Retirement Scheme (SRS) is available but only allowed for single premium S$ currency.
The Target Monthly Retirement Income will be paid to you by redeeming units from your policy value. The Target Monthly Retirement Income and the Target Payout Period are not guaranteed and are subject to the performance of the ILP sub-funds. If there is remaining policy value after the Target Payout Period, we shall continue to pay the Target Monthly Retirement Income until the policy value fall to zero and in this case, the policy will be terminated.
Our final payment could be less than the Target Monthly Retirement Income.
AIA Platinum Retirement Elite helps you to maximise your wealth creation from the Target Retirement Age. Any partial withdrawal is subject to partial withdrawal charge in the first 10 years and such withdrawal will reduce the Power-up Bonus, Policy Value and Target Monthly Retirement Income and/or the Target Payout Period. If you are looking for short term liquidity or a product for investment purpose, you should seek advice from your AIA Financial Services Consultant or Insurance Representative on the alternative product solution(s) that may better suit your investment purpose.
## 3. Benefits Under the Plan
You will be entitled to the following benefits under the policy:
### (a) Monthly Retirement Income:
The Target Monthly Retirement Income will be payable starting from the policy anniversary occurring on or immediately following the Insured's Target Retirement Age, via redemption of units from the fund under your policy, provided that there is sufficient policy value at the relevant valuation day. We shall continue to pay the Target Monthly Retirement Income until the policy value fall to zero and in this case, the policy will be terminated. Our final payment could be less than the Target Monthly Retirement Income. Any increment in Target Monthly Retirement Income via Stepped-up Income Option shall apply on the next policy anniversary after the first payout and on every policy anniversary thereafter.
Please note that your policy value is not guaranteed and subject to the performance of the ILP sub-funds.
### (b) Power-up Bonus:
While the policy is inforce and provided all the premiums are paid, we will pay a Power-up Bonus from the end of tenth policy year and at the end of every fifth policy year thereafter. The Power-up Bonus will be added to the policy in the form of additional units.
The Power-up Bonus is calculated as follows:
**Single Premium:** 2.5% of Single Premium x Adjustment Factor
**Regular Premium:** 12.5% of Annual Premium x Adjustment Factor
The Annual Premium is the aggregate of the monthly, quarterly or half-yearly premiums due over a policy year. The Adjustment Factor is the product of all the withdrawal factors for each partial withdrawal after the fifth policy year, and this withdrawal factor is calculated as follows:
**Withdrawal Factor for Single Premium**
$$= 1 - \frac{\text{Withdrawn Single Premium Policy Value at the relevant Valuation Day}}{\text{Single Premium Policy Value prior to withdrawal at the relevant Valuation Day}}$$
**Withdrawal Factor for Regular Premium**
$$= 1 - \frac{\text{Withdrawn Regular Premium Policy Value at the relevant Valuation Day}}{\text{Regular Premium Policy Value prior to withdrawal at the relevant Valuation Day}}$$
### (c) Death Benefit:
In the event of death of the Insured, we will pay 105% of the policy value, less any applicable fees and charges.
### (d) Accidental Death Benefit:
If the Insured dies due to an injury within 90 days from the date of the accident that occurs within 5 policy years from the issue date of your policy, in addition to the death benefit set out above, we will pay the following:
**Single Premium:** 10% of single premium paid
**Regular Premium:** 50% of total regular premium paid
### (e) Terminal Illness Benefit:
In the event Insured is diagnosed with Terminal Illness, upon proof of Terminal Illness satisfactory to us, we will pay the death benefit.
**Terminal Illness** means "any condition caused by illness or injury, where at the time of claim, despite all reasonable medical treatment, the Insured is expected to live for no more than 12 months."
The specialist medical practitioner treating the condition must provide supporting evidence of the condition, possible medical treatment, the prognosis after undergoing the possible medical treatment, and certify that the Insured is expected to live for no more than 12 months despite all possible medical intervention. We reserve the right to appoint an independent medical specialist who is an expert in the condition to confirm the diagnosis and prognosis.
Terminal illness in the presence of HIV infection is excluded.
The Terminal Illness Benefit advances the payment of the death benefit under the basic policy.
[p.1]
## 4. Subscription of Units
### 4.1. Single Premiums
100% of Single Premium less Premium Charge will be used to purchase single premium units at bid price in the ILP sub-fund that you have chosen.
### 4.2. Regular Premiums
100% of Regular Premium less Premium Charge will be used to purchase regular premium units at bid price in the ILP sub-fund that you have chosen.
As an example, the number of units in an ILP sub-fund you will receive based on a regular premium amount of $10,000 and at notional bid price of $1.00:
| Policy Year | Regular Premium Amount | - | Premium Charge | ÷ | Bid Price | = | Number of Units |
|---|---|---|---|---|---|---|---|
| First policy year | ($10,000 | - | 30% x $10,000) | ÷ | $1.00 | = | 7,000 |
| Second policy year | ($10,000 | - | 20% x $10,000) | ÷ | $1.00 | = | 8,000 |
If you did not pay regular premium on the premium due date or your policy had terminated and was subsequently reinstated, upon your resumption of premium payments, the applicable Premium Charge will continue from the rate that applies to the regular premium due immediately after the last regular premium paid to and accepted by us.
### 4.3. Top-Up Premium
100% of Top-Up Premium less Premium Charge will be used to purchase top-up premium units at bid price in the ILP sub-fund that you have chosen.
## 5. Fees and Charges
### 5.1. Premium Charge
**Single Premium**
Premium Charge = 5% of Single Premium
**Regular Premium**
| Number of Regular Premiums paid to and accepted by us | Premium Charge (% of Regular Premium) |
|---|---|
| Annual | Semi-annual | Quarterly | Monthly | |
| 1 | 1 – 2 | 1 – 4 | 1 – 12 | 30% |
| 2 | 3 – 4 | 5 – 8 | 13 – 24 | 20% |
| 3 | 5 – 6 | 9 – 12 | 25 – 36 | 10% |
| 4 onwards | 7 onwards | 13 onwards | 37 onwards | 0% |
**Top-Up Premium**
Premium Charge = 3% of each Top-Up Premium
The following fees and charges are deducted by cancelling units at bid price.
### 5.2. Supplementary Charge
The supplementary charge which is equivalent to 0.50% p.a. of Single Premium Policy Value or 2.50% p.a. of Regular Premium Policy Value will be deducted from your policy on a monthly basis for first 5 policy year, even during Premium Holiday.
### 5.3. Premium Holiday Charge
**Single Premium**
Not Applicable.
**Regular Premium**
If you missed paying premium when due, a Premium Holiday Charge will be charged on monthly basis. This charge will be stopped once you resume the premium payment by paying us full outstanding premiums.
Such charge will only cease to be applicable after 5 annual/ 10 semi-annual/ 20 quarterly/ 60 monthly regular premium has been paid.
**Premium Holiday Charge = Premium Holiday Charge Annual Rate/12 x Annualised Regular Premium**
| Number of Regular Premiums paid to and accepted by us | Premium Holiday Charge Annual Rate |
|---|---|
| Annual | Semi-annual | Quarterly | Monthly | |
| 1 – 4 | 1 – 9 | 1 – 19 | 1 – 59 | 35% |
| 5 onwards | 10 onwards | 20 onwards | 60 onwards | 0% |
**Top-up Premium**
Not Applicable.
### 5.4. Full Surrender Charge
If you request to surrender your policy, full surrender charge will be deducted from your policy value and any remaining policy value will then be paid out.
**Single Premium Units**
Full Surrender Charge = Full Surrender Charge Rate x Single Premium Policy Value
| Policy Year | Full Surrender Charge Rate |
|---|---|
| 1 | 12% |
| 2 | 11% |
| 3 | 10% |
| 4 | 9% |
| 5 | 8% |
| 6 | 7% |
| 7 | 6% |
| 8 | 5% |
| 9 | 4% |
| 10 | 3% |
| 11 onwards | 0% |
**Regular Premium Units**
Full Surrender Charge = Full Surrender Charge Rate x Regular Premium Policy Value
| Policy Year | Full Surrender Charge Rate |
|---|---|
| 1 | 50% |
| 2 | 45% |
| 3 | 40% |
| 4 | 35% |
| 5 | 30% |
| 6 | 25% |
| 7 | 20% |
| 8 | 15% |
| 9 | 10% |
| 10 | 5% |
| 11 onwards | 0% |
**Top-Up Premium Units**
Not Applicable.
[p.3]
### 5.5. Partial Withdrawal Charge
If you requested for partial withdrawal, a partial withdrawal charge will be charged to your policy by the cancellation of units.
**Single Premium Units**
Partial Withdrawal Charge = Partial Withdrawal Charge Factor x Single Premium Policy Value Withdrawn
| Policy Year | Partial Withdrawal Charge Factor |
|---|---|
| 1 | 0.136 |
| 2 | 0.124 |
| 3 | 0.111 |
| 4 | 0.099 |
| 5 | 0.087 |
| 6 | 0.075 |
| 7 | 0.064 |
| 8 | 0.053 |
| 9 | 0.042 |
| 10 | 0.031 |
| 11 onwards | 0.000 |
**Regular Premium Units**
Partial Withdrawal Charge = Partial Withdrawal Charge Factor x Regular Premium Policy Value Withdrawn
| Policy Year | Partial Withdrawal Charge Factor |
|---|---|
| 1 | 1.000 |
| 2 | 0.818 |
| 3 | 0.667 |
| 4 | 0.538 |
| 5 | 0.429 |
| 6 | 0.333 |
| 7 | 0.250 |
| 8 | 0.176 |
| 9 | 0.111 |
| 10 | 0.053 |
| 11 onwards | 0.000 |
**Top-up Premium Units**
Not Applicable.
### 5.6. Fund Management Charge
The fees and charges payable through deduction from the net asset value of each ILP sub-fund are set out in the AIA Investment Fund Product Summary.
[p.4]
## 6. Policy Options and Flexibilities
### 6.1. Vary Regular Premium
Varying of regular premium is not allowed.
The minimum regular premiums amount is $6,000 (Annual); $3,120 (Semi-annual); $1,563 (Quarterly); $522 (Monthly). We reserve the right to revise the minimum premium amount any time at our discretion.
### 6.2. Top-Up
You may request to pay additional top-up premium on an ad-hoc basis, provided all regular premiums are paid when they fall due.
100% of top-up premium less premium charge will be used to purchase of units in ILP sub-fund that you have chosen at bid price. Premium charge is 3% of the top-up premium.
The following minimum premium amounts will apply.
| Premium Type | Minimum Premium Amount |
|---|---|
| Top-Up Premiums | $1,000 |
We reserve the right to revise the minimum top-up premium amount any time at our discretion. As an example, the number of units in an ILP sub-fund you will receive based on a top-up premium amount of $1,000 and at a notional bid price of $1.00:
| Top-up Premium Amount | - | Top-up Premium Charge | ÷ | Bid Price | = | Number of Units |
|---|---|---|---|---|---|---|
| ( $1,000 | - | 3% x $1,000 ) | ÷ | $1.00 | = | 970 |
### 6.3. Full Surrender
You may surrender your policy at any time by written notice to us, for its surrender value.
The surrender value of your policy is the policy value less full surrender charge as set out at Fees and Charges Section above.
The following example illustrates the amount of redemption proceeds that you will receive based on a redemption of 5,000 regular premium units, at a notional bid price of $2.00 and a full surrender charge of 50% in the first policy year and 45% in the second policy year:
| Policy Year | Number of Units to be Redeemed | X | Bid Price | = | Gross Redemption Proceeds | - | Surrender Charge | = | Net Redemption Proceeds |
|---|---|---|---|---|---|---|---|---|---|
| First policy year | 5,000 | X | $2.00 | = | $10,000 | less | $5,000 (50%) | = | $5,000 |
| Second policy year | 5,000 | X | $2.00 | = | $10,000 | less | $4,500 (45%) | = | $5,500 |
### 6.4. Partial Withdrawal
You may request to make a partial withdrawal from your policy value at any time, subject to partial withdrawal charge as set out at Fees and Charges Section above.
The minimum withdrawal amount is $1,000 and the policy value after withdrawal must be at least $10,000. We reserve the right to revise the minimum withdrawal amount and minimum policy value any time at our discretion.
Request for a Partial Withdrawal will reduce the Power-up Bonus according to the Power-up Bonus Calculations.
### 6.5. Fund Switching
You may instruct us to switch units of one ILP sub-fund to units of another ILP sub-fund(s) offered under the policy provided all such units are switched out.
Further details may be obtained in the Section on "Fund Switch" in your policy contract.
[p.5]
## 7. Other Material Information (Product)
### 7.1. Non-Payment of Regular Premium
If the full amount of a regular premium is not paid by the premium due date, your policy will be deemed to have lapsed unless it has acquired a policy value that is sufficient to pay for all applicable fees and charges for your policy and premiums for the premium-paying supplementary agreements, in which case your policy shall be on Premium Holiday.
When your policy is on Premium Holiday, the premiums payable for any premium-paying supplementary agreements will be deducted by cancellation of units.
Your policy will remain on Premium Holiday until you resume payment of the full outstanding amount of regular premiums or until your policy lapses, whichever occurs first. As long as your policy is not lapsed, you may resume paying your regular premium, subject to you meeting our terms and conditions imposed. When you resume payment of regular premiums, the premiums for any premium-paying supplementary agreements will resume to be payable by cash premium.
### 7.2. Free-look Period
After purchasing a life insurance policy, you have a 14 day free-look period starting from the day you receive your policy documents to review the documents carefully. During this time, if you choose to cancel your policy, the insurer will refund you the premiums you have paid without interest, in accordance with the insurer's prevailing premium refund formula and after making the necessary adjustments on the following:
(i) any change in the market value of the underlying assets of the fund chosen by you as at the valuation day immediately following the date of our receipt of your request; and
(ii) less any medical fees and other expenses, such as payments for medical check-ups and medical reports incurred by the insurer.
This free-look period also applies to all supplementary agreements (if any).
If you opted for an electronic copy of your Policy, the 14-day free-look period will start when you receive our SMS or email notification, informing you that the policy contract documents are available for your viewing on our customer portal.
If we have posted the policy to you, the 14-day free-look period will start 7 days from the date we posted the policy.
### 7.3. Reinstatement
Unless your Policy has been terminated as described in paragraphs (i), (ii), (iii), or (vi) of section 7.5, the policy may be reinstated within 5 years from the date that the policy is lapsed, subject to satisfaction of our terms and conditions.
For reinstatement, you are required to back-pay all outstanding past regular premiums that were due.
### 7.4. Supplementary Retirement Scheme (SRS)
If you bought your policy using your SRS funds, your policy is subject to the terms and conditions of the Supplementary Retirement Scheme which shall overrule these terms and conditions in the event of any conflict or inconsistency. All payments made will be according to the terms and conditions of the Supplementary Retirement Scheme.
### 7.5. Termination
Your policy shall automatically terminate on the occurrence of the earliest of the following in accordance with the basic policy contract:
(i) upon our receipt of notification of the death of the Insured; or
(ii) upon full surrender of your policy; or
(iii) when your policy value is insufficient to provide the payment of the Target Monthly Retirement Income in full at the relevant Valuation Day; or
(iv) when the policy value is not sufficient to pay for all applicable fees and charges, premiums for the premium-paying supplementary agreements (if any); or
(v) upon your policy acquiring a zero or negative policy value on any given valuation day; or
(vi) upon payment of any supplementary benefit that fully advances the payment of the death benefit.
### 7.6. Limitation of Benefit
Our liability under the policy shall be limited to 100% of the policy value in case of the following:
(i) if the Insured, whether sane or insane, commits suicide within one year from the issue date or reinstatement date of the policy, whichever is later; or
(ii) any material misrepresentation or concealment during the 2-year period beginning from the issue date or reinstatement date of the policy, whichever is later; or
(iii) fraud at any time.
Your basic policy shall not cover any Terminal Illness caused directly or indirectly, wholly or partially, by any of the following occurrences:
(i) any Terminal Illness the symptoms of which first occurred prior to the issue date or reinstatement date of your Policy, whichever is later, or for which the diagnosis of Terminal Illness was made within 30 days following the issue date or reinstatement date of your Policy, whichever is later.
(ii) where, in our opinion, the Terminal Illness was directly or indirectly due to Acquired Immunodeficiency Syndrome (AIDS) or infection by any Human Immunodeficiency Virus (HIV).
For the purpose of your Policy:
(a) the definition of AIDS shall be that used by the World Health Organisation in 1987, or any subsequent revision by the World Health Organisation of such definition; and
(b) infection shall be deemed to have occurred where blood or other relevant tests indicate, in our opinion, either the presence of any HIV or antibodies to HIV.
There are certain conditions under which the Accidental Death Benefit will not be payable. The Accidental Death Benefit shall not cover any event or loss that is caused directly or indirectly, partly or wholly by any of the following occurrences:
#### a) War-related events
(i) war (whether declared or, undeclared or otherwise), invasion, civil war, revolution or any warlike operations;
#### b) Deliberate acts that endanger oneself, whether sane or insane, including any of the following:
(i) violation or attempted violation of the law or resistance to arrest; or
(ii) suicide or attempted suicide, intentional self-injury or exposure to exceptional danger (except in an attempt to save human life);
#### c) Health-related or Pre-existing Conditions
(i) childbirth, pregnancy or miscarriage or any complications concerning therewith notwithstanding that such event may have been accelerated or induced by Injury, and/or any treatment arising from any such event therefrom; or
(ii) treatment of alcoholism, drug abuse or any other complications arising there-from, or Accidents caused by or whilst under the influence of drugs or alcohol or drug overdose (whether intentional, accidental or otherwise);
#### d) Adventurous or Competitive activities
(i) engaging in air travel (except as a fare-paying passenger in any properly licensed private and/or commercial aircraft, or as a crew member in a properly licensed commercial aircraft operated by a commercial passenger airline on a regular scheduled passenger trip over its established passenger route); or
(ii) engaging in a sport in a professional capacity or where the Insured would or could earn income or remuneration from engaging in such sport; or
(iii) engaging in racing of all kinds (other than on foot and swimming);
#### e) Occupations related
(i) engaging or taking part in air, military, naval training, exercises, manoeuvres, warlike operations or handling of explosives and demolition materials or while under orders for restoration of public order, whether in time of peace, declared, undeclared war or otherwise, except where operationally ready national service duties are carried out in Singapore or overseas (if applicable) pursuant to the Enlistment Act 1970.
You are advised to read the policy contract for the full list of exclusions
[p.6]
[p.7]
## 8. Other Material Information (Funds)
### 8.1. Available ILP Sub-Funds
Please refer to AIA Investment Fund Product Summary for details on available ILP Sub-Funds. The risks specific to the ILP sub-funds are set out in the AIA Investment Fund Product Summary.
### 8.2. Pricing and Cut-off Times
Unit are issued on a forward pricing and pricing is done on a bid-bid basis.
The cut-off time for submission of applications and receipt of premiums is 2.00 p.m. (Singapore time) on each valuation day. Applications submitted or premiums received after the cut-off time will be transacted based on the bid price prevailing as at the next valuation day.
We reserve the right to revise any cut-off time any time at our discretion.
### 8.3. Obtaining Prices of Units
You may obtain the indicative bid prices of the units of the ILP sub-funds, from our corporate website at AIA.COM.SG.
Please note that all published and quoted prices do not represent the actual prices of the units of the ILP sub-funds issued or redeemed (as the case may be) on the day of publication or quotation since the units are usually priced on a forward-pricing basis. As the prices of the units are independently computed by an ILP sub-fund or its Manager, we do not take responsibility for their timeliness, accuracy or otherwise.
### 8.4. Top Up Application
We reserve the right to terminate or suspend the top-up premiums option at any time at our discretion. We shall not be responsible for any losses arising from or attributable to our decision to terminate or suspend the top-up premium option.
### 8.5. Suspension of Dealings
We or the relevant Manager may at any time in relation to the relevant ILP sub-fund suspend the determination of the net asset value and the issue and redemption of the units during, and/or suspend payment in or out of such ILP sub-fund, extend the period for the payment of the redemption monies by the number of days comprised in, the whole or any part of a period:
(i) during which any stock exchange, commodities exchange, futures exchange or over-the-counter market on which a significant part of the relevant ILP sub-fund's or underlying fund's investments is quoted, listed, traded or dealt in is closed (other than customary weekend and holiday closing) or trading on any such stock exchange or market is restricted or suspended; or
(ii) when circumstances exist as a result of which in the opinion of the Manager it is not reasonably practicable for the relevant ILP sub-fund to dispose of investments or as a result of which any such disposal would be materially prejudicial to its policyholders; or
(iii) when a breakdown occurs in any of the means normally employed in ascertaining the value of investments or the net asset value or the issue and redemption price per unit of the relevant ILP sub-fund or when for any other reason the value of the relevant ILP sub-fund's investments or other assets of that ILP sub-fund cannot be reasonably or fairly ascertained; or
(iv) during which dealings in the units of an ILP sub-fund under the policy are suspended as provided for in the prospectus and constitutive documents of the ILP sub-fund or for any other reason, or during which the relevant ILP sub-fund is unable to repatriate funds for the purpose of making payments on the redemption of units or during which any transfer of funds involved in the redemption or acquisition of investments or payments due on redemption of units cannot in the opinion of the Managers be effected at normal rates of exchange; or
(v) for any period pursuant to an order or direction from the Monetary Authority of Singapore or any other relevant authorities;
[p.8]
(vi) during which the existence of any state of affairs is a result of act of God, changes in laws, regulations, government policies, taxation, currency or capital controls or political developments, restrictions in foreign investments imposed, breakdown in communication systems or by reason of any other act, matter or thing beyond our reasonable control which, in our opinion, may seriously prejudice the policy, require a suspension of dealings and/or valuation, or may substantially impair our conduct or ability to conduct our business activities.
You will be notified, as soon as reasonably practicable, of any such suspension, and the termination of such suspension, by means of a written notice. We may also defer the payment of benefits under the policy and postpone the transaction of any redemption request as provided for in the policy contract.
### 8.6. Soft Dollar Commissions/ Arrangements
We and the relevant Manager do not retain, for our own account, cash or commission rebates arising out of transactions for the ILP sub-funds whether executed in or outside Singapore.
We, the relevant Manager and the fund managers of the underlying funds ("underlying fund manager") shall be entitled to receive soft-dollar commissions/arrangements in respect of the relevant ILP sub-fund or the respective underlying funds. Soft-dollar commissions/arrangements do not include travel, accommodation, entertainment, general administrative goods and services, general office equipment or premises, membership fees, employees' salaries or direct money payment.
We, the relevant Manager and the underlying fund manager will comply with applicable regulatory and industry standards on soft-dollars.
The soft-dollar commissions which we, the relevant Manager and underlying fund manager may receive include specific advice as to the advisability of dealing in, or the value of any investments, research and advisory services, economic and political analyses, portfolio analyses including valuation and performance measurements, market analyses, data and quotation services, computer hardware and software or any other information facilities to the extent that they are used to support the investment decision making process, the giving of advice, or the conduct of research or analysis, and custodial service in relation to the investments managed for clients.
We, the relevant Manager and underlying fund manager will not accept or enter into soft-dollar commissions/arrangements unless soft-dollar commissions/ arrangements would, in our opinion and the opinion of the relevant Manager and/or the underlying fund manager, reasonably assist us, the relevant Manager and/or the underlying fund manager in our management of the relevant ILP sub-fund and the respective underlying funds, provided that (a) we, the relevant Manager and the underlying fund manager shall ensure at all times that transactions are executed on the best available terms taking into account the relevant market at the time for transactions of the kind and size concerned, and (b) no unnecessary trades are entered into in order to qualify for such soft-dollar commissions/arrangements.
Please refer to the AIA Investment Fund Product Summary for details on soft-dollars commission currently received and/or soft-dollar arrangements entered into by the Managers in respect of the underlying funds.
### 8.7. Conflicts of Interest
Where we issue other investment-linked policies and where the relevant Manager manages funds other than the ILP sub-funds under the policy, we and the Managers may from time to time have to deal with competing or conflicting interests between the policy and such other investment-linked policies issued by us or between the relevant ILP sub-fund and such other funds managed by the Manager (as the case may be). For example, we or the Manager may make a decision on behalf of an investment-linked policy or one fund (as the case may be) without making the same decision on behalf of any other investment-linked policies or funds, as a decision whether or not to make the same decision in respect of the investment-linked policies and funds depends on many other factors, for example the investment or sale for any fund depends on factors such as the cash availability and portfolio balance of such funds. However, we and the Managers will use our reasonable endeavours at all times to act fairly in respect of all investment-linked policies issued by us and all funds managed by the relevant Manager and to balance the interests of the policy and the relevant ILP sub-funds thereunder.
We are currently the issuer of other investment-linked policies and the Managers manage other funds in addition to the relevant ILP sub-funds.
We will conduct all transactions with or for the policy and the Managers will conduct all transactions with or for the relevant ILP sub-fund on an arm's length basis.
We, or our affiliates or the relevant Manager and its affiliates (together the "parties") are or may be involved in other financial, investment and professional activities which may on occasion cause conflict of interest with the policy and the other investment-linked policies issued by us and the management of the relevant ILP sub-fund and the other funds managed by us. Each of the parties will ensure that the performance of their respective duties will not be impaired by any such involvement. In the event a conflict of interest does arise, the parties will endeavour to ensure that it is resolved as quickly as possible and as far as possible, in your interest or as otherwise as equitably as possible.
We and the Managers may own, hold, dispose or otherwise deal with units in the relevant ILP sub-fund in its own capacity. In the event of any conflict of interest arising as a result of such dealing, we and the Manager (as the case may be) will resolve such conflict in a just and equitable manner as we deem fit.
We and the Managers shall conduct all transactions with or for the ILP sub-funds at arm's length.
### 8.8. Reports
The financial year end is 31 December. We will send you statements within thirty (30) days after each policy anniversary. We will also send you semi-annual reports and annual audited reports of each of your ILP sub-funds within 2 months and 3 months respectively from the last date of the period to which the reports relate. The latest semi-annual reports and annual audited reports in relation to each ILP sub-fund may be obtained at AIA Tower, 1 Robinson Road Singapore 048542 or you may visit our website at AIA.COM.SG
The Auditor for the ILP sub-funds is PricewaterhouseCoopers of 7 Straits View, Marina One East Tower, Level 12, Singapore 018936.
### 8.9. Tax Considerations
You should consult your own professional advisers as to the implications of buying, holding or disposing of units and to the provisions of the laws of the jurisdiction in which you are subject to tax.
### 8.10. ILP Sub-Fund Valuation
You may contact us or your AIA Financial Services Consultant or Insurance Representative or refer to the policy contract for details on the valuation of each ILP sub-fund.
[p.9]
## 9. Risk
Investment in the policy is meant to produce returns over the long-term. You should not purchase this policy with the aim of achieving short-term gains. The performance of the ILP sub-fund(s) is not guaranteed and the value of the units in the ILP sub-fund(s) and the income accruing to the units, if any, may fall or rise. This will affect the Target Monthly Retirement Income and the Target Payout Period which are paid to you by redeeming units from your policy value which is not guaranteed as it is subject to the performance of the ILP sub fund. Past performance is not an indicator of future performance. You should realise that a possible loss of your premiums cannot be ruled out.
Investment risks include foreign exchange risks and in addition, the Singapore dollar return for US$ denominated policies (where applicable) will depend on prevailing exchange rate which may be highly volatile.
## 10. Important Notes:
- AIA Platinum Retirement Elite is an investment-linked policy (ILP) offered by AIA Singapore, which invests in ILP sub- fund(s). Investments in this plan are subject to investment risks including the possible loss of the principal amount invested. The performance of the ILP sub-fund(s) is not guaranteed and the value of the units in the ILP sub-fund(s) and the income accruing to the units, if any, may fall or rise. Past performance are not necessarily indicative of the future performance of the ILP sub-fund(s). You should seek advice from an AIA Financial Services Consultant or Insurance Representative and read the product summary and product highlights sheet(s) before deciding whether the product is suitable for you
- This insurance plan is underwritten by AIA Singapore. All insurance applications are subject to our underwriting and acceptance. Submission of an application and payment of premium does not constitute and should not be construed as acceptance by us. We reserve the right to withdraw the plan or reject applications at any time or for any reason without notice.
- This product summary does not form a part of any contract of insurance. It is intended only to be a simplified description of the product features applicable to this plan and is not exhaustive. The contents of this product summary may vary from the terms of cover eventually issued. Please refer to the actual policy contract for all terms and conditions, including exclusions whereby the benefits under your policy may not be paid out. You are advised to read the policy contract. For the avoidance of doubt, only the terms and conditions as set out in the policy contract will bind the parties.
- 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. You should consider carefully before terminating the policy or switching to a new one as there may be disadvantages in doing so. The new policy may cost more or have fewer benefits at the same cost.
- The fees and charges set out herein are not guaranteed. We reserve the right upon prior notification of not less than 1 month in writing to you, to vary the fees and charges set out in the policy, or to introduce new fees or charges and the manner in which such fees and charges may be imposed from time to time, up to, where applicable, the maximum limits stated.
- We reserve the right to terminate or suspend the partial withdrawal, automatic fund switch, and automatic fund rebalancing facilities at our discretion. We shall not be responsible for any losses whatsoever arising from or attributable to our decision to suspend or terminate these facilities.
- We will not be liable for any changes in the price of the units of the relevant ILP sub-funds from the time of receipt of your instructions to redeem or switch until the time of redemption or switch of the units, or for the failure or refusal of a ILP sub-fund or its manager to process the subscription and/or redemption of units (as the case may be).
[p.10]
[p.11]
[p.12]
---
### https://lifeinsurance.com.sg/api/product/aia/platinum-wealth-elite-2/summary.md
# AIA Platinum Wealth
Elite 2.0
**Insurer:** AIA Singapore (AIA Singapore Private Limited)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/201106386R/WA_Sum_201106386R_PWE2.0_Jul2025.pdf
## Source wording
- **Effective from:** 2025-07-01
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/201106386R/WA_Sum_201106386R_PWE2.0_Jul2025.pdf
- **PDF sha256:** `85761c30ddc55fdf58de8ce78cc13e3d3980cd9067be5f0670a197a2fadb0011`
- **Extraction confidence:** verified
## Extracted facts
### riders
```json
[
{
"name": "Total and Permanent Disability Rider",
"rider_type": "tpd",
"description": "Total and Permanent Disability Rider is a non-participating supplementary benefit which provides financial protection if the Insured becomes totally and permanently disabled before age 70. This benefit accelerates the payment of the Insured Amount of the Basic Policy.",
"source_page": 17,
"available_at_inception": true,
"available_after_inception": true
},
{
"name": "AIA Vitality Benefit on AIA Platinum Wealth Elite 2.0",
"rider_type": "other",
"description": "When the Insured signs up as an AIA Vitality member, or is an existing AIA Vitality member at the point of purchase, your policy will provide additional bonus units, also known as Vitality Fund Boost. The Vitality Fund Boost will be payable up to the first 5 policy years upon meeting certain criteria.",
"source_page": 15,
"available_at_inception": true,
"available_after_inception": false
}
]
```
### free look
```json
{
"period_days": 14,
"source_page": 8,
"refund_basis": "the insurer will refund you the premiums you have paid without interest, in accordance with the insurer's prevailing premium refund formula and after making the necessary adjustments on the following: (i) any change in the market value of the underlying assets of the fund chosen by you as at the valuation day immediately following the date of our receipt of your request; and (ii) less any medical fees and other expenses, such as payments for medical check-ups and medical reports incurred by the insurer, such refund being subject always to a maximum amount of the premiums that you have paid."
}
```
### exclusions
```json
[
{
"text": "any Terminal Illness the symptoms of which first occurred prior to the Issue Date or Reinstatement Date of your Policy, subject to paragraph (c) below, whichever is later, or for which the Diagnosis of Terminal Illness was made within 30 days following the Issue Date or Reinstatement Date of your Policy, whichever is later.",
"source_page": 8
},
{
"text": "where, in our opinion, the Terminal Illness was directly or indirectly due to Acquired Immunodeficiency Syndrome (AIDS) or infection by any Human Immunodeficiency Virus (HIV).",
"source_page": 8
},
{
"text": "any and all pre-existing illnesses, diseases, impairments or conditions from which the Insured is suffering prior to the Issue Date or Reinstatement Date of your Basic Policy, whichever is later, unless a declaration was made in the application for, or reinstatement of, your Basic Policy and such application is specifically accepted by us.",
"source_page": 8
},
{
"text": "Terminal illness in the presence of HIV infection is excluded.",
"source_page": 3
},
{
"text": "deliberate acts that endanger oneself, whether sane or insane, including any of the following: (i) violation or attempted violation of the law or resistance to arrest; or (ii) suicide or attempted suicide, intentional self injury or exposure to exceptional danger (except in an attempt to save human life) [TPD Rider exclusion]",
"source_page": 18
},
{
"text": "engaging in or taking part in air, military or naval service in time of declared or undeclared war or while under order for warlike operations or restoration of public order [TPD Rider exclusion]",
"source_page": 18
},
{
"text": "entering, operating, or servicing, riding in or on, ascending or descending from or with any aerial device or conveyance (except where the Insured is in an aircraft operated by a commercial passenger airline on a regular scheduled passenger trip over its established passenger route or by the Republic of Singapore Air Force) [TPD Rider exclusion]",
"source_page": 18
}
]
```
### cash values
```json
{
"has_cash_value": true,
"non_guaranteed_bonus": {
"available": false
},
"guaranteed_surrender_value": {
"basis": "Policy value less full surrender charge; policy value depends on ILP sub-fund performance and is not guaranteed.",
"available": false,
"source_page": 6
}
}
```
### product type
```json
"investment-linked"
```
### underwriting
```json
{
"source_page": 8,
"smoker_loading": true,
"occupational_rating": "A non-standard life will be subjected to higher IRC rates, which will be set out in a separate endorsement.",
"pre_existing_treatment": "any and all pre-existing illnesses, diseases, impairments or conditions from which the Insured is suffering prior to the Issue Date or Reinstatement Date of your Basic Policy, whichever is later, unless a declaration was made in the application for, or reinstatement of, your Basic Policy and such application is specifically accepted by us."
}
```
### policy basics
```json
{
"maximum_entry_age": {
"basis": "as-stated",
"years": 70,
"source_page": 5
},
"minimum_entry_age": {
"basis": "as-stated",
"years": 0,
"source_page": 5
},
"minimum_sum_assured": {
"amount": 500000,
"currency": "SGD",
"source_page": 6
},
"maximum_coverage_age": "whole-of-life",
"minimum_policy_term_years": "whole-of-life"
}
```
### premium terms
```json
{
"cpf_eligible": {
"srs": false,
"notes": "This plan is available using cash only and available in both S$ and US$ currency.",
"source_page": 1,
"special_account": false,
"ordinary_account": false
},
"payment_modes": [
"single",
"annual",
"semi-annual",
"quarterly",
"monthly"
],
"premium_term_options": [
{
"label": "Single Pay",
"description": "You may choose to pay your premium in single pay.",
"source_page": 1
},
{
"label": "Regular Pay – 5 years (extendable up to 10 years)",
"description": "You may choose to pay your premium in single pay or regular pay for 5 years, with the flexibility at onset to extend the premium term for Regular Premiums to a maximum term not exceeding 10 years.",
"source_page": 1
}
]
}
```
### reinstatement
```json
{
"conditions": "If the policy has lapsed due to unit depletion and has not been surrendered for its cash surrender value, the policy may be reinstated within 5 years from the date that the policy is lapsed, subject to satisfaction of our terms and conditions. For reinstatement, you are required to back-pay all outstanding past regular premiums and all fees and charges (where applicable) that were due.",
"source_page": 8,
"window_years": 5
}
```
### non forfeiture
```json
{
"paid_up": {
"text": "Not described in the policy wording.",
"available": false
},
"source_page": 7,
"extended_term": {
"text": "Not described in the policy wording.",
"available": false
},
"automatic_premium_loan": {
"text": "Not described in the policy wording.",
"available": false
}
}
```
### suicide clause
```json
{
"source_page": 8,
"payout_within_period": "Our liability under the policy shall be limited to 100% of the policy value in case of the following: (i) if the Insured, whether sane or insane, commits suicide within one year from the issue date or reinstatement date of the policy, whichever is later",
"exclusion_period_months": 12
}
```
### document metadata
```json
{
"wording_version": "Version 2.0",
"product_full_name": "AIA Platinum Wealth Elite 2.0",
"insurer_legal_entity": "AIA Singapore Private Limited (Reg. No. 201106386R)"
}
```
### terminal illness benefit
```json
{
"available": true,
"source_page": 3,
"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 Insured is expected to live for no more than 12 months.\""
}
```
---
*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.*
---
### https://lifeinsurance.com.sg/api/product/aia/platinum-wealth-elite-2/wording.md
# Product Summary for Platinum Wealth Elite 2.0
Version 2.0
To help you understand Investment-linked policies better, please refer to 'Your Guide To Investment-Linked Insurance Plans' (YGILIP), which can be found at www.aia.com.sg or www.lia.org.sg. YGILIP is also available from your AIA Financial Services Consultant or Insurance Representatives.
## 1. Provider of the Plan
AIA Singapore Private Limited (Reg. No. 201106386R) ("we, our, us, AIA Singapore")
1 Robinson Road
AIA Tower
Singapore 048542
## 2. Nature & Objective of the Plan
Platinum Wealth Elite 2.0 is a limited premium investment-linked policy that is designed to provide you with whole life insurance coverage and the opportunity for cash value accumulation. You may choose to pay your premium in single pay or regular pay.
In addition, it offers a range of ILP sub-funds to reap potential attractive returns within your risk tolerance.
This plan is available using cash only and available in both S$ and US$ currency.
## 3. Premiums Under the Plan
You may choose to pay your premium in single pay or regular pay for 5 years, with the flexibility at onset to extend the premium term for Regular Premiums to a maximum term not exceeding 10 years.
The actual Policy Value will depend on the actual performance of the policy as well as any alterations such as variation in the Insured Amount or premium, premium holiday or partial withdrawals. There is a possibility that the Policy Value will fall to zero and in this case, the policy will be terminated except when No Lapse Privilege is in effect.
Policyholder can avoid the policy lapsing by topping up additional premium.
Top-ups can be either paid on an ad hoc basis or regularly. Top ups increase the Policy Value but they do not affect the Insured Amount and Current Insured Amount.
## 4. Benefits Under the Plan
You will be entitled to the following benefits under the policy:
### 4.1. Death Benefit
**Before the policy anniversary immediately following the Insured's 122nd birthday**
We will pay the higher of the following:
(i) Current Insured Amount; or
(ii) the policy value
less applicable fees and charges (if any).
**Remarks:**
Current Insured Amount = Insured Amount less total withdrawals (other than withdrawals made under Income Withdrawal Privilege and withdrawal from top-up policy value) less payment from TI benefit and TPD benefit (if applicable).
**On or after the policy anniversary immediately following the Insured's 122nd birthday**
We will pay the policy value less applicable fees and charges (if any).
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### 4.2. Death Benefit Bequest Option
The Death Benefit Bequest Option allows you to opt for the Death Benefit to be paid in yearly instalments up to 10 years. If this option is selected, upon the death of the Insured, the Death Benefit will be paid out on a yearly instalment basis over the benefit payout period as chosen by you.
If the Death Benefit Bequest Option has been selected, the following conditions apply:
(a) upon death of the Insured, the Death Benefit payable will be paid in yearly instalments over the benefit payout period, subject to the following:
(i) The first instalment will be paid on the date we approve the claim (the "Claim Approval Date"). The subsequent instalments will be paid on a yearly basis on the subsequent anniversaries of the date of death of the Insured, until the Death Benefit payable (as determined at the Claim Approval Date) has been fully paid;
(ii) Each instalment payout is calculated as the Death Benefit payable multiplied by the relevant Bequest Factor (as shown in the policy illustration if yearly instalment is selected).
As an example:
* If the Insured Amount is $1,000,000, for the Benefit Payout Period of 10 years, the relevant Bequest Factor is 0.1051.
* Each instalment payout payable is $105,100 (calculated as $1,000,000 x Bequest Factor of 0.1051) and rounded to the nearest dollar.
| No. of Instalment Payouts | Applicable Factor |
|---|---|
| 2 | 0.5028 |
| 3 | 0.3370 |
| 4 | 0.2541 |
| 5 | 0.2044 |
| 6 | 0.1713 |
| 7 | 0.1476 |
| 8 | 0.1299 |
| 9 | 0.1161 |
| 10 | 0.1051 |
(b) all nominated beneficiaries must be natural persons, and subject to applicable law:
(i) if, at the time of the death of the Insured, any nominated beneficiary is not a natural person, the Death Benefit Bequest Option is automatically cancelled by us and will not be honoured;
(ii) if, following the death of the Insured, a nominated beneficiary passes away before all the instalments of the Death Benefit have been paid, all unpaid instalments will be immediately aggregated and become due and payable in one sum to each of the deceased beneficiary's estate and surviving beneficiaries (if applicable), in their respective shares;
(c) where the policy owner and the Insured are not the same person:
(i) if, at the time of the death of the Insured, the policy owner is not a natural person, the Death Benefit Bequest Option is automatically cancelled by us and will not be honoured;
(ii) if the policy owner passes away before all the instalments of the Death Benefit have been paid, all unpaid instalments will be immediately aggregated and become due and payable in one sum, and subject to applicable law, will be paid to the policy owner's estate;
(d) if the Death Benefit Bequest Option is cancelled, we will pay the Death Benefit in accordance with the provisions of the Insurance Act 1966;
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(e) you may submit a request to cancel the Death Benefit Bequest Option, provided such request is made no earlier than one (1) year after the issue date, and before the death of the Insured;
(f) Once the Death Benefit Bequest Option is cancelled by you, the Death Benefit Bequest Option is no longer capable of being selected in future;
(g) you are not allowed to change the Benefit Payout Period, or lengthen or shorten the intervals for the payment of instalments;
(h) If, at the time a claim for the Death Benefit is admitted by us, the beneficiary nominated to receive the Death Benefit is below the age of 18 (or such other age as we may determine from time to time), we will pay an instalment and all future instalments of the Death Benefit payable to the legal guardian or surviving parent of the nominated beneficiary (as we may decide in our discretion), notwithstanding that the nominated beneficiary may have attained the legal age of majority to receive and manage payments in his/her name during the period any instalment remains payable.
**For clarity:**
(a) we will acknowledge, accept and process nominations of beneficiaries for the purposes of the Death Benefit Bequest Option only if such nominations are made in accordance with the provisions of the Insurance Act 1966, Singapore;
(b) if you have selected to receive the Death Benefit in one sum, you are no longer allowed to select the Death Benefit Bequest Option after the Issue Date; and
(c) the Death Benefit Bequest Option Provisions continue to apply when there is an assignment.
The Death Benefit Bequest Option is only applicable if the policy owner is an individual. It does not apply if the policy owner is an entity.
### 4.3. Terminal Illness Benefit
In the event Insured is diagnosed with Terminal Illness, upon proof of Terminal Illness satisfactory to us, we will pay the death benefit, subject to the Terminal Illness per life limit of US$ 2,000,000 (aggregated with other policies or riders on the same life). For policies issued in other currencies, a conversion rate as determined by us will apply.
"Terminal Illness" means "any condition caused by illness or injury, where at the time of claim, despite all reasonable medical treatment, the Insured is expected to live for no more than 12 months."
The specialist medical practitioner treating the condition must provide supporting evidence of the condition, possible medical treatment, the prognosis after undergoing the possible medical treatment, and certify that the Insured is expected to live for no more than 12 months despite all possible medical intervention. We reserve the right to appoint an independent medical specialist who is an expert in the condition to confirm the diagnosis and prognosis.
Terminal illness in the presence of HIV infection is excluded.
The Terminal Illness Benefit accelerates the payment of the death benefit under the Basic Policy.
Please note that the policy value depends on the prices of the units of the ILP sub-funds which may fluctuate and your policy value is therefore not guaranteed. The Policy will terminate whenever the policy value is zero or negative unless the No Lapse Privilege as described in section 8.2 is in effect.
### 4.4. Free Legacy Cover
While this Basic Policy is in force, we will waive the applicable Insurance Risk Charge (IRC) on the Insured Amount shown in the Policy Schedule (i.e., first Layer of the Policy) for the first 3 years. For clarity, the Free Legacy Cover will not be applicable:
(i) if the Basic Policy or any Supplementary Agreements was issued with loading;
(ii) on any Supplementary Agreements issued after the Issue Date of the Basic Policy; or
(iii) on any new Layer.
The Free Legacy Cover will terminate on the earliest occurrence of the following:
(a) When the Policy is on Premium Holiday;
(b) When the Policy lapses and/or is subsequently reinstated;
(c) When there is a change of Insured resulting in higher IRC and/or loading is applied; or
(d) After the 3rd policy year.
When Free Legacy Cover is not applicable, or upon termination of Free Legacy Cover, we will charge the monthly IRC to your Policy as described in section 6.6.
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## 5. Subscription of Units
### 5.1. Single Premium
100% of Single Premium less Premium Charge will be used to purchase single premium units at bid price in the ILP sub-fund that you have chosen.
### 5.2. Regular Premiums
100% of Regular Premium less Premium Charge will be used to purchase regular premium units at bid price in the ILP sub-fund that you have chosen.
As an example, the number of units in an ILP sub-fund you will receive based on a regular premium amount of $1,000 and at notional bid price of $1.00:
| | Regular Premium Amount | - | Premium Charge | ÷ | Bid Price | = | Number of Units |
|---|---|---|---|---|---|---|---|
| First policy year | ($1,000 | - | 30% x $1,000) | ÷ | $1.00 | = | 700 |
| Second policy year | ($1,000 | - | 25% x $1,000) | ÷ | $1.00 | = | 750 |
If you did not pay regular premium on the premium due date or your policy had terminated and was subsequently reinstated, upon your resumption of premium payments (which you are required to pay full outstanding premiums), the applicable Premium Charge will continue from the rate that applies to the regular premium due immediately after the last regular premium paid to and accepted by us.
### 5.3. Top-Up Premium
100% of Top-Up Premium less Premium Charge will be used to purchase top-up premium units at bid price in the ILP sub-fund that you have chosen.
## 6. Fees and Charges
### 6.1. Premium Charge
**Single Premium**
Premium Charge = 5% of Single Premium
**Regular Premium**
| Number of Regular Premiums paid to and accepted by us | Premium Charge (% of Regular Premium) |
|---|---|
| Annual | Semi-annual | Quarterly | Monthly | |
| 1st | 1st – 2nd | 1st – 4th | 1st – 12th | 30% |
| 2nd | 3rd – 4th | 5th – 8th | 13th – 24th | 25% |
| 3rd | 5th – 6th | 9th – 12th | 25th – 36th | 15% |
| 4th | 7th – 8th | 13th – 16th | 37th – 48th | 8% |
| 5th | 9th – 10th | 17th – 20th | 49th – 60th | 6% |
| 6th & onwards | 11th & onwards | 21st & onwards | 61st & onwards | 3% |
For each increase in the Insured Amount as approved by us, a new Layer is created. Each new Layer will be subjected to its own Premium Charge calculated with reference to the effective date of that Layer.
**Top-Up Premium**
Premium Charge = 3% of each Top-Up Premium
The following fees and charges are deducted by cancelling units at bid price.
### 6.2. Premium Holiday Charge
**Single Premium**
Not Applicable.
**Regular Premium**
If you missed paying premium when due, a Premium Holiday Charge will be charged on monthly basis. This charge will be stopped once you resume the premium payment by paying us full outstanding premiums.
Such charge will only cease to be applicable for premium holidays taken after the 5th annual/ 10th semi-annual/ 20th quarterly/ 60th monthly regular premium has been paid.
Premium Holiday Charge = Premium Holiday Charge Annual Rate/12 x Annualised Regular Premium
| Number of Regular Premiums paid to and accepted by us | Premium Holiday Charge Annual Rate |
|---|---|
| Annual | Semi-annual | Quarterly | Monthly | |
| 1st – 4th | 1st – 9th | 1st – 19th | 1st – 59th | 35% |
| 5th & onwards | 10th & onwards | 20th & onwards | 60th & onwards | 0% |
For each increase in the Insured Amount as approved by us, a new Layer is created. Each new Layer will be subjected to its own Premium Holiday Charge calculated with reference to the effective date of that Layer.
**Top-up Premium**
Not Applicable.
### 6.3. Full Surrender Charge
If you request to surrender your policy, full surrender charge will be deducted from your policy value and any remaining policy value will then be paid out.
**Single Premium Units**
Full Surrender Charge = Full Surrender Charge Rate x Single Premium Policy Value
| Policy Year | Full Surrender Charge Rate |
|---|---|
| 1 | 18% |
| 2 | 15% |
| 3 | 12% |
| 4 | 8% |
| 5 | 4% |
| 6 & onwards | 0% |
For each increase in the Insured Amount as approved by us, a new Layer is created. Each new Layer will be subjected to its own Full Surrender Charge calculated with reference to the effective date of that Layer.
**Regular Premium Units**
Full Surrender Charge = Full Surrender Charge Rate x Regular Premium Policy Value
| Policy Year | Full Surrender Charge Rate |
|---|---|
| 1 | 50% |
| 2 | 40% |
| 3 | 30% |
| 4 | 20% |
| 5 | 10% |
| 6 & onwards | 0% |
For each increase in the Insured Amount as approved by us, a new Layer is created. Each new Layer will be subjected to its own Full Surrender Charge calculated with reference to the effective date of that Layer.
**Top-Up Premium Units**
Not Applicable.
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### 6.4. Partial Withdrawal Charge
If you requested for partial withdrawal, a partial withdrawal charge (if applicable) will be charged to your policy by the cancellation of units.
**Single Premium Units**
Partial Withdrawal Charge = Partial Withdrawal Charge Factor x Single Premium Policy Value Withdrawn
| Policy Year | Partial Withdrawal Charge Factor |
|---|---|
| 1 | 0.220 |
| 2 | 0.176 |
| 3 | 0.136 |
| 4 | 0.087 |
| 5 | 0.042 |
| 6 & onwards | 0 |
For each increase in the Insured Amount as approved by us, a new Layer is created. Each new Layer will be subjected to its own Partial Withdrawal Charge calculated with reference to the effective date of that Layer.
**Regular Premium Units**
If you requested for partial withdrawal, a partial withdrawal charge (if applicable) will be charged to your policy by the cancellation of units.
Partial Withdrawal Charge = Partial Withdrawal Charge Factor x Regular Premium Policy Value Withdrawn
| Policy Year | Partial Withdrawal Charge Factor |
|---|---|
| 1 | 1.000 |
| 2 | 0.667 |
| 3 | 0.429 |
| 4 | 0.250 |
| 5 | 0.111 |
| 6 & onwards | 0 |
For each increase in the Insured Amount as approved by us, a new Layer is created. Each new Layer will be subjected to its own Partial Withdrawal Charge calculated with reference to the effective date of that Layer.
**Top-up Premium Units**
Not Applicable.
### 6.5. Administration Charge
The administration charge will be deducted on a monthly basis for first 4 policy years, even during Premium Holiday.
Administration Charge = Insured Amount at the Issue Date or issue of new Layer x Annual Administration Charge Rate at the Issue Date or issue of new Layer /12
| Entry Age | Annual Administration Charge Rate |
|---|---|
| 0 – 20 | 0.16% |
| 21 – 25 | 0.18% |
| 26 – 30 | 0.24% |
| 31 – 35 | 0.32% |
| 36 – 40 | 0.40% |
| 41 – 45 | 0.53% |
| 46 – 50 | 0.66% |
| 51 – 60 | 0.92% |
| 61 – 65 | 1.04% |
| 66 – 70* | 1.26% |
* only applicable to Regular Premium option.
For each increase in the Insured Amount as approved by us, a new Layer is created. Each new Layer will be subjected to its own Administration Charge over the first 4 years calculated with reference to the effective date of that Layer and Insured's attained age.
However, when there is a reduction in Insured Amount while Administration Charge is still applicable, the Administration Charge will still be calculated based on original Insured Amount.
### 6.6. Insurance Risk Charge (IRC)
Unless the Policy is eligible for Free Legacy Cover, the first IRC will be due on the Issue Date. The IRC will be deducted on a monthly basis to provide for insurance cover, even during Premium Holiday. If the Sum-At-Risk is zero or negative in a given month, no IRC is payable for that month. The IRC will cease to be applicable on or after policy anniversary immediately following the Insured's 122nd birthday.
Insurance Risk Charge = Annual Insurance Risk Charge Rate/12 x Sum-At-Risk
Where:
Sum-At-Risk = Current Insured Amount – policy value
The IRC rates are not guaranteed.
The applicable IRC rates for standard life are as set out in policy illustration. A non-standard life will be subjected to higher IRC rates, which will be set out in a separate endorsement.
IRC will not be deducted on the first Layer when Free Legacy Cover is applicable.
### 6.7. Fund Management Charge
The fees and charges payable through deduction from the net asset value of each ILP sub-fund are set out in the AIA Investment Fund Product Summary.
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## 7. Policy Options and Flexibilities
### 7.1. Vary Insured Amount
You can enjoy the flexibility to vary your insured amount after your policy has been in force for at least one year from the Issue Date.
**Increase in Insured Amount**
The Insured Amount shown in your Policy Schedule is the first Layer under your Basic Policy. For each increase in the Insured Amount as approved by us, a new Layer is created. Each new layer can be either single pay or regular pay and will be subject to its own charges (as set out at Fees and Charges Section above) calculated with reference to the effective date of that Layer and Insured's attained age.
An increase in the Insured Amount of the Basic Policy shall increase the Insured Amount for each accelerated benefit (if applicable) by an equal amount, subject to the maximum limit of the accelerated benefit.
We will require evidence of insurability satisfactory to us for any increase in the Insured Amount.
An increase in Insured Amount is allowed provided that the Insured's class of rating (which includes, but not limited to, country of residence, gender, and smoker status) is the same risk classification as at the date of application for the first Layer.
The minimum increase in Insured Amount is $10,000.
**Reduction in Insured Amount**
You may reduce the Insured Amount provided that the revised Insured Amount being not lesser than the Minimum Insured Amount as set by us. The Minimum Insured Amount is $500,000.
A reduction in the Insured Amount of the Basic Policy shall reduce the Insured Amount for each accelerated benefit (if applicable) by an equal amount.
You have the option to reduce the insured amount to any amount below Minimum Insured Amount as set by us should your financial liability be reduced provided that:
(1) your policy has been in force for 25 years from the Policy Date; or
(2) on or after the policy anniversary following the Insured's 65th birthday; whichever is later.
### 7.2. Change of Insured
You may request for a change in the Insured at any time after your policy has been in force for at least one year from the Issue Date. Your request must be submitted to us in writing.
You may request to change the Insured under this policy, without any limit on the number of changes to the Insured that can be made while this policy remains in force.
Any changes of the Insured is subject to the following terms and conditions, and such other conditions as we may from time to time determine:
(a) Policy has been in force for at least one year from Issue Date; and
(b) Acceptance of the new Insured is subject to our acceptance and requirements and will depend upon the insurability of such Insured and such other terms and conditions as we shall determine from time to time; and
(c) The Insured and new Insured must be alive as at the date of effective change; and
(d) All charges (as set out at Fees and Charges Section above) shall continue with the prevailing rates, with the exception of the following charges:
(i) Insurance Risk Charges will continue to be charged based on the new Insured's gender, attained age, country of residence, smoker status, and other rating classes.
(ii) Administration Charge is subject to change but will not be lower than the highest applicable Administration Charge based on the previous Insured(s)
(e) Periods indicated under suicide provisions and incontestability provisions shall commence from the date the change of Insured is effected.
### 7.3. Top-Up
You may request to pay additional top-up premium on an ad-hoc basis, provided all regular premiums are paid when they fall due.
100% of top-up premium less premium charge will be used to purchase of units in ILP sub-fund that you have chosen at bid price. Premium charge is 3% of the top-up premium.
The following minimum premium amounts will apply.
| Premium Type | Minimum Premium Amount |
|---|---|
| Top-Up Premiums | $1,000 |
We reserve the right to revise the minimum top-up premium amount any time at our discretion. As an example, the number of units in an ILP sub-fund you will receive based on a top-up premium amount of $1,000 and at a notional bid price of $1.00:
| Top-up Premium Amount | - | Top-up Premium Charge | ÷ | Bid Price | = | Number of Units |
|---|---|---|---|---|---|---|
| ( $1,000 | - | 3% x $1,000 ) | ÷ | $1.00 | = | 970 |
### 7.4. Full Surrender
You may surrender your policy at any time by written notice to us, for its surrender value.
The surrender value of your policy is the policy value less full surrender charge as set out at Fees and Charges Section above.
The following example illustrates the amount of redemption proceeds that you will receive based on a redemption
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of 1,000 regular premium units, at a notional bid price of $1.00 and a full surrender charge of 50% in the first policy year and 40% in the second policy year:
| | Number of Units to be Redeemed | X | Bid Price | = | Gross Redemption Proceeds | - | Surrender Charge | = | Net Redemption Proceeds |
|---|---|---|---|---|---|---|---|---|---|
| First policy year | 1,000 | X | $1.00 | = | $1,000 | less | $500 (50%) | = | $500 |
| Second policy year | 1,000 | X | $1.00 | = | $1,000 | less | $400 (40%) | = | $600 |
### 7.5. Partial Withdrawal
You may request to make a partial withdrawal from your policy value at any time, subject to partial withdrawal charge as set out at Fees and Charges Section above.
Any partial withdrawal shall reduce the Current Insured Amount, with exception to partial withdrawal(s) made under Income Withdrawal Privilege and partial withdrawal from Top-Up Policy Value.
The minimum withdrawal amount is $1,000 and the policy value after withdrawal must be at least $10,000. We reserve the right to revise the minimum withdrawal amount and minimum policy value any time at our discretion.
### 7.6. Fund Switching
You may instruct us to switch units of one ILP sub-fund to units of another ILP sub-fund(s) offered under the policy provided all such units are switched out.
Further details may be obtained in the Section on "Fund Switch" in your policy contract.
### 7.7. Automatic Fund Re-balancing
You may instruct us to rebalance your holdings in different Funds according to a specified allocation on a regular basis (subject to our terms and conditions.
Further details may be obtained in the Section on "Automatic Fund Re-balancing" in the policy contract.
## 8. Other Material Information (Product)
### 8.1. Non-Payment of Regular Premium
If the full amount of a regular premium is not paid by the premium due date, your policy will be deemed to have lapsed unless it has acquired a policy value that is sufficient to pay for all applicable fees and charges for your policy and premiums for the premium-paying supplementary agreements (if any), in which case your policy shall be on Premium Holiday.
When your policy is on Premium Holiday, the premiums payable for any premium-paying supplementary agreements (if any) will be deducted by cancellation of units.
Your policy will remain on Premium Holiday until you resume payment of the full outstanding amount of regular premiums or until your policy lapses, whichever occurs first. As long as your policy is not lapsed, you may resume paying your regular premium, subject to you meeting our terms and conditions imposed. When you resume payment of regular premiums, the premiums for any premium-paying supplementary agreements will resume to be payable by cash premium.
### 8.2. No Lapse Privilege
Within the first 15 policy years of your first Layer, your policy will not lapse in a given policy month, even if the policy value is insufficient to pay for all applicable fees and charges provided that:
(i) all regular premiums, including regular premium pertaining to the increase Insured Amount, are paid when they fall due (subject to Grace Period under the policy); and
(ii) you have not withdrawn any Single Premium Units or Regular Premium Units other than withdrawals made under the Income Withdrawal Privilege and withdrawals made from Top-Up Premium Units; and
(iii) if the Change of Insured is effected, the Insurance Risk Charge on the new Insured is lower or equivalent to the original Insured as at the effective date of the change. For clarity, if the Insurance Risk Charge on the new Insured is higher
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than what would be applicable to the original Insured as at the effective date of the change, the No Lapse Privilege will not be applicable.
Except for the IRC that was waived under Free Legacy Cover, if applicable, we will continue to deduct the applicable fees and charges from the policy value until such time the policy value is zero. If the policy value becomes zero, all outstanding fees and charges shall continue to accrue and shall be payable by cancelling the appropriate number of Units at bid price from your policy on the relevant valuation day when there are units credited to yourpolicy.
If any of the above criteria for the No Lapse Privilege is not satisfied, the No Lapse Privilege will terminate automatically and cannot be reinstated.
### 8.3. Income Withdrawal Privilege
Starting from the 6th policy year onwards, you can do a partial withdrawal of up to the Income Withdrawal Limit without reducing your Current Insured Amount.
Income Withdrawal Limit is equivalent to 5% of the policy value (excluding top-up policy value) at the start of each policy year in which a partial withdrawal is requested.
### 8.4. Exclusions
Your Basic Policy shall not cover any Terminal Illness caused directly or indirectly, wholly or partially, by any of the following occurrences:
(a) any Terminal Illness the symptoms of which first occurred prior to the Issue Date or Reinstatement Date of your Policy, subject to paragraph (c) below, whichever is later, or for which the Diagnosis of Terminal Illness was made within 30 days following the Issue Date or Reinstatement Date of your Policy, whichever is later.
(b) where, in our opinion, the Terminal Illness was directly or indirectly due to Acquired Immunodeficiency Syndrome (AIDS) or infection by any Human Immunodeficiency Virus (HIV).
For the purpose of your Policy:
(i) the definition of AIDS shall be that used by the World Health Organisation in 1987, or any subsequent revision by the World Health Organisation of such definition; and
(ii) infection shall be deemed to have occurred where blood or other relevant tests indicate, in our opinion, either the presence of any HIV or antibodies to HIV.
(c) any and all pre-existing illnesses, diseases, impairments or conditions from which the Insured is suffering prior to the Issue Date or Reinstatement Date of your Basic Policy, whichever is later, unless a declaration was made in the application for, or reinstatement of, your Basic Policy and such application is specifically accepted by us.
### 8.5. Free-look Period
After purchasing a life insurance policy, you have a 14 day free-look period starting from the day you receive your policy documents to review the documents carefully. During this time, if you choose to cancel your policy, the insurer will refund you the premiums you have paid without interest, in accordance with the insurer's prevailing premium refund formula and after making the necessary adjustments on the following:
(i) any change in the market value of the underlying assets of the fund chosen by you as at the valuation day immediately following the date of our receipt of your request; and
(ii) less any medical fees and other expenses, such as payments for medical check-ups and medical reports incurred by the insurer,
such refund being subject always to a maximum amount of the premiums that you have paid.
This free-look period also applies to all supplementary agreements (if any).
If you opted for an electronic copy of your Policy, the 14-day free-look period will start when you receive our SMS or email notification, informing you that the policy contract documents are available for your viewing on our customer portal.
If we have posted the policy to you, the 14-day free-look period will start 7 days from the date we posted the policy.
If the policy was delivered to you by hand, the 14-day free-look period will start 7 days from the date on which the policy was given to the postal/courier company or your insurance representative.
For the avoidance of doubt, where a surrender request is made by you or received by us during the time indicated in the paragraphs above, such request will be processed under the free-look provision of your policy.
### 8.6. Reinstatement
If the policy has lapsed due to unit depletion and has not been surrendered for its cash surrender value, the policy may be reinstated within 5 years from the date that the policy is lapsed, subject to satisfaction of our terms and conditions.
For reinstatement, you are required to back-pay all outstanding past regular premiums and all fees and charges (where applicable) that were due.
### 8.7. Termination
Your policy shall automatically terminate on the occurrence of the earliest of the following in accordance with the Basic Policy contract:
(i) upon our receipt of notification of the death of the Insured; or
(ii) upon full surrender of your policy; or
(iii) upon your policy acquiring a zero or negative policy value on any given valuation day (save when the No Lapse Privilege as described in section 8.2 is in effect); or
(iv) when the policy value of your policy is not sufficient to pay all applicable fees and charges, premiums for the premium-paying Supplementary Agreements (if any) (save then the No Lapse Privilege as described in section 8.2 is in effect)
(v) upon payment of any supplementary benefit that fully accelerates or advances the payment of the Death Benefit.
### 8.8. Limitation of Benefit
Our liability under the policy shall be limited to 100% of the policy value in case of the following:
(i) if the Insured, whether sane or insane, commits suicide within one year from the issue date or reinstatement date of the policy, whichever is later; or
(ii) any material misrepresentation or concealment during the 2-year period beginning from the issue date or reinstatement date of the policy, whichever is later; or
(iii) fraud at any time.
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## 9. Other Material Information (Funds)
### 9.1. Available ILP Sub-Funds
Please refer to AIA Investment Fund Product Summary for details on available ILP Sub-Funds. The risks specific to the ILP sub-funds are set out in the AIA Investment Fund Product Summary.
### 9.2. Pricing and Cut-off Times
Unit are issued on a forward pricing and pricing is done on a bid-bid basis.
The cut-off time for submission of applications and receipt of premiums is 2.00 p.m. (Singapore time) on each valuation day. Applications submitted or premiums received after the cut-off time will be transacted based on the bid price prevailing as at the next valuation day.
We reserve the right to revise any cut-off time any time at our discretion.
### 9.3. Obtaining Prices of Units
You may obtain the indicative bid prices of the units of the ILP sub-funds, from our corporate website at AIA.COM.SG.
Please note that all published and quoted prices do not represent the actual prices of the units of the ILP sub-funds issued or redeemed (as the case may be) on the day of publication or quotation since the units are usually priced on a forward-pricing basis. As the prices of the units are independently computed by an ILP sub-fund or its Manager, we do not take responsibility for their timeliness, accuracy or otherwise.
### 9.4. Top Up Application
We reserve the right to terminate or suspend the top-up premiums option at any time at our discretion. We shall not be responsible for any losses arising from or attributable to our decision to terminate or suspend the top-up premium option.
### 9.5. Suspension of Dealings
We or the relevant Manager may at any time in relation to the relevant ILP sub-fund suspend the determination of the net asset value and the issue and redemption of the units during, and/or suspend payment in or out of such ILP sub-fund, extend the period for the payment of the redemption monies by the number of days comprised in, the whole or any part of a period:
(i) during which any stock exchange, commodities exchange, futures exchange or over-the-counter market on which a significant part of the relevant ILP sub-fund's or underlying fund's investments is quoted, listed, traded or dealt in is closed (other than customary weekend and holiday closing) or trading on any such stock exchange or market is restricted or suspended; or
(ii) when circumstances exist as a result of which in the opinion of the Manager it is not reasonably practicable for the relevant ILP sub-fund to dispose of investments or as a result of which any such disposal would be materially prejudicial to its policyholders; or
(iii) when a breakdown occurs in any of the means normally employed in ascertaining the value of investments or the net asset value or the issue and redemption price per unit of the relevant ILP sub-fund or when for any other reason the value of the relevant ILP sub-fund's investments or other assets of that ILP sub-fund cannot be reasonably or fairly ascertained; or
(iv) during which dealings in the units of an ILP sub-fund under the policy are suspended as provided for in the prospectus and constitutive documents of the ILP sub-fund or for any other reason, or during which the relevant ILP sub-fund is unable to repatriate funds for the purpose of making payments on the redemption of units or during which any transfer of funds involved in the redemption or acquisition of investments or payments due on redemption of units cannot in the opinion of the Managers be effected at normal rates of exchange; or
(v) for any period pursuant to an order or direction from the Monetary Authority of Singapore or any other relevant authorities;
(vi) during which the existence of any state of affairs is a result of act of God, changes in laws, regulations, government policies, taxation, currency or capital controls or political developments, restrictions in foreign investments imposed, breakdown in communication systems or by reason of any other act, matter or thing beyond our reasonable control which, in our opinion, may seriously prejudice the policy, require a suspension of dealings and/or valuation, or may substantially impair our conduct or ability to conduct our business activities.
You will be notified, as soon as reasonably practicable, of any such suspension, and the termination of such suspension, by means of a written notice. We may also defer the payment of benefits under the policy and postpone the transaction of any redemption request as provided for in the policy contract.
### 9.6. Soft Dollar Commissions/ Arrangements
We and the relevant Manager do not retain, for our own account, cash or commission rebates arising out of transactions for the ILP sub-funds whether executed in or outside Singapore.
We, the relevant Manager and the fund managers of the underlying funds ("underlying fund manager") shall be entitled to receive soft-dollar commissions/arrangements in respect of the relevant ILP sub-fund or the respective underlying funds. Soft-dollar commissions/arrangements do not include travel, accommodation, entertainment, general administrative goods and services, general office equipment or premises, membership fees, employees' salaries or direct money payment.
We, the relevant Manager and the underlying fund manager will comply with applicable regulatory and industry standards on soft-dollars.
The soft-dollar commissions which we, the relevant Manager and underlying fund manager may receive include specific advice as to the advisability of dealing in, or the value of any investments, research and advisory services, economic and political analyses, portfolio analyses including valuation and performance measurements, market analyses, data and quotation services, computer hardware and software or any other information facilities to the extent that they are used to support the investment decision making process, the giving of advice, or the conduct of research or analysis, and custodial service in relation to the investments managed for clients.
We, the relevant Manager and underlying fund manager will not accept or enter into soft-dollar commissions/arrangements unless soft-dollar commissions/ arrangements would, in our opinion and the opinion of the
[p.9]
relevant Manager and/or the underlying fund manager, reasonably assist us, the relevant Manager and/or the underlying fund manager in our management of the relevant ILP sub-fund and the respective underlying funds, provided that (a) we, the relevant Manager and the underlying fund manager shall ensure at all times that transactions are executed on the best available terms taking into account the relevant market at the time for transactions of the kind and size concerned, and (b) no unnecessary trades are entered into in order to qualify for such soft-dollar commissions/arrangements.
Please refer to the AIA Investment Fund Product Summary for details on soft-dollars commission currently received and/or soft-dollar arrangements entered into by the Managers in respect of the underlying funds.
### 9.7. Conflicts of Interest
Where we issue other investment-linked policies and where the relevant Manager manages funds other than the ILP sub-funds under the policy, we and the Managers may from time to time have to deal with competing or conflicting interests between the policy and such other investment-linked policies issued by us or between the relevant ILP sub-fund and such other funds managed by the Manager (as the case may be). For example, we or the Manager may make a decision on behalf of an investment-linked policy or one fund (as the case may be) without making the same decision on behalf of any other investment-linked policies or funds, as a decision whether or not to make the same decision in respect of the investment-linked policies and funds depends on many other factors, for example the investment or sale for any fund depends on factors such as the cash availability and portfolio balance of such funds. However, we and the Managers will use our reasonable endeavours at all times to act fairly in respect of all investment-linked policies issued by us and all funds managed by the relevant Manager and to balance the interests of the policy and the relevant ILP sub-funds thereunder.
We are currently the issuer of other investment-linked policies and the Managers manage other funds in addition to the relevant ILP sub-funds.
We will conduct all transactions with or for the policy and the Managers will conduct all transactions with or for the relevant ILP sub-fund on an arm's length basis.
We, or our affiliates or the relevant Manager and its affiliates (together the "parties") are or may be involved in other financial, investment and professional activities which may on occasion cause conflict of interest with the policy and the other investment-linked policies issued by us and the management of the relevant ILP sub-fund and the other funds managed by us. Each of the parties will ensure that the performance of their respective duties will not be impaired by any such involvement. In the event a conflict of interest does arise, the parties will endeavour to ensure that it is resolved as quickly as possible and as far as possible, in your interest or as otherwise as equitably as possible.
We and the Managers may own, hold, dispose or otherwise deal with units in the relevant ILP sub-fund in its own capacity. In the event of any conflict of interest arising as a result of such dealing, we and the Manager (as the case may be) will resolve such conflict in a just and equitable manner as we deem fit.
We and the Managers shall conduct all transactions with or for the ILP sub-funds at arm's length.
### 9.8. Reports
The financial year end is 31 December. We will send you statements within thirty (30) days after each policy anniversary. We will also send you semi-annual reports and annual audited reports of each of your ILP sub-funds within 2 months and 3 months respectively from the last date of the period to which the reports relate. The latest semi-annual reports and annual audited reports in relation to each ILP sub-fund may be obtained at AIA Tower, 1 Robinson Road Singapore 048542 or you may visit our website at AIA.COM.SG
The Auditor for the ILP sub-funds is PricewaterhouseCoopers of 8 Cross Street #17-00 PWC Building Singapore 048424.
### 9.9. Tax Considerations
You should consult your own professional advisers as to the implications of buying, holding or disposing of units and to the provisions of the laws of the jurisdiction in which you are subject to tax.
### 9.10. ILP Sub-Fund Valuation
You may contact us or your AIA Financial Services Consultant or Insurance Representative or refer to the policy contract for details on the valuation of each ILP sub-fund.
## 10. Risk
Investment in the policy is meant to produce returns over the long-term. You should not purchase this policy with the aim of achieving short-term gains. The performance of the ILP sub-fund(s) is not guaranteed and the value of the units in the ILP sub-fund(s) and the income accruing to the units, if any, may fall or rise. This will affect the policy value which is not guaranteed. Past performance is not an indicator of future performance. You should realise that a possible loss of your premiums cannot be ruled out.
## 11. Important Notes:
* AIA Platinum Wealth Elite 2.0 is an investment-linked policy (ILP) offered by AIA Singapore, which invests in ILP sub-fund(s). Investments in this plan are subject to investment risks including the possible loss of the principal amount invested. The performance of the ILP sub-fund(s) is not guaranteed and the value of the units in the ILP sub-fund(s) and the income accruing to the units, if any, may fall or rise. Past performance are not necessarily indicative of the future performance of the ILP sub-fund(s). You should seek advice from an AIA Financial Services Consultant or Insurance Representative and read the product summary and product highlights sheet(s) before deciding whether the product is suitable for you.
* This insurance plan is underwritten by AIA Singapore. All insurance applications are subject to our underwriting and acceptance. Submission of an application and payment of premium does not constitute and should not be construed as acceptance by us. We reserve the right to withdraw the plan or reject applications at any time or for any reason without notice.
* This product summary does not form a part of any contract of insurance. It is intended only to be a simplified description of the product features applicable to this plan and is not exhaustive. The contents of this product summary may vary from the terms of cover eventually issued. Please refer to the actual policy contract for all terms and conditions, including exclusions whereby the benefits under your policy may not be paid out. You are advised to read the policy contract. For the avoidance of doubt, only the terms and conditions as set out in the policy contract will bind the parties.
* 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. You should consider carefully before terminating the policy or switching to a new one as there may be disadvantages in doing so. The new policy may cost more or have fewer benefits at the same cost.
* The fees and charges set out herein are not guaranteed. We reserve the right upon prior notification of not less than 1 month in writing to you, to vary the fees and charges set out in the policy, or to introduce new fees or charges and the manner in which such fees and charges may be imposed from time to time, up to, where applicable, the maximum limits stated.
* We reserve the right to terminate or suspend the partial withdrawal, automatic fund switch, and automatic fund rebalancing facilities at our discretion. We shall not be responsible for any losses whatsoever arising from or attributable to our decision to suspend or terminate these facilities.
* We will not be liable for any changes in the price of the units of the relevant ILP sub-funds from the time of receipt of your instructions to redeem or switch until the time of redemption or switch of the units, or for the failure or refusal of a ILP sub-fund or its manager to process the subscription and/or redemption of units (as the case may be).
* 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 your insurer or visit the GIA/LIA or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).
[p.10]
---
# Product Summary for AIA Vitality Benefit on AIA Platinum Wealth Elite 2.0 (If membership is enrolled)
Version 1.0
AIA Vitality is a world leading wellness programme that works with you to make real change to your health. You may choose to sign up for AIA Vitality with your AIA Platinum Wealth Elite 2.0 plan to enjoy additional benefits. When the Insured signs up as an AIA Vitality member, or is an existing AIA Vitality member at the point of purchase, your policy will provide additional bonus units, also known as Vitality Fund Boost. The Vitality Fund Boost will be payable up to the first 5 policy years upon meeting certain criteria.
This product summary is meant to be read together with Product Summary for AIA Platinum Wealth Elite 2.0.
## 1. Vitality Fund Boost
While this Basic Policy is in force, we will pay a Vitality Fund Boost up to the first 5 policy years. The Vitality Fund Boost rate will vary depending on the Insured's AIA Vitality status as at 45 days before each policy anniversary.
The Vitality Fund Boost rates are as follows:
### Regular Premium (RP)
The Vitality Fund Boost will be paid to your Basic Policy as regular premium units upon receipt of each basic Regular Premium paid for the 1st to up to 5th policy year, depending on your AIA Vitality Status.
| Policy Year | Vitality Fund Boost Rate (% of RP) (Based on AIA Vitality Status) | | | |
|---|---|---|---|---|
| | Platinum | Gold | Silver | Bronze |
| 1 | 1.00% p.a. | | | |
| 2 - 5 | 2.00% p.a. | 1.00% p.a. | Not Applicable | Not Applicable |
### Single Premium (SP)
The Vitality Fund Boost will be paid to your Basic Policy as single premium units on the issue date and for subsequent policy anniversaries, up to the 5th policy year, depending on your AIA Vitality Status.
| Policy Year | Vitality Fund Boost Rate (% of SP) (Based on AIA Vitality Status) | | | |
|---|---|---|---|---|
| | Platinum | Gold | Silver | Bronze |
| 1 | 0.10% p.a. | | | |
| 2 - 5 | 0.20% p.a. | 0.10% p.a. | Not Applicable | Not Applicable |
Vitality Fund Boost will not be applicable on premiums for any new Layers created due to an increase in the Insured Amount.
## 2. Reinstatement
Upon policy reinstatement, we will resume payment of Vitality Fund Boost, provided you maintain your AIA Vitality membership. For clarity, upon reinstatement, no Vitality Fund Boost will be payable during the period when your Basic Policy has lapsed or terminated.
## 3. AIA Vitality Status
The Insured must remain a member of AIA Vitality to remain eligible for Vitality Fund Boost.
In the event that the insured does not have an AIA Vitality status 45 days before the policy anniversary due to any reason, including but not limited to where AIA Vitality membership has been terminated, Vitality Fund Boost will be terminated at the next Policy Anniversary and shall not be reinstated even if the Insured's AIA Vitality Status is revived subsequently.
[p.15]
## 4. Change of Insured
If there is a change of Insured during the first 5 policy years, the Vitality Fund Boost will still be payable as long as the new Insured is an eligible AIA Vitality member.
### Important Notes
All insurance applications are subject to our underwriting and acceptance. Submission of an application and payment of premium does not constitute and should not be construed as acceptance by us. We reserve the right to withdraw the plan or reject applications at any time or for any reason without notice.
This product summary does not form a part of any contract of insurance. It is intended only to be a simplified description of the product features applicable to this benefit and is not exhaustive. The contents of this product summary may vary from the terms of cover eventually issued. Please refer to the actual endorsement for all terms and conditions, including exclusions whereby the benefits under your policy may not be paid out. You are advised to read the endorsement. For the avoidance of doubt, only the terms and conditions as set out in the endorsement will bind the parties.
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. You should consider carefully before terminating the policy or switching to a new one as there may be disadvantages in doing so. The new policy may cost more or have fewer benefits at the same cost.
[p.16]
---
# Product Summary for Total and Permanent Disability Rider (Optional Benefit)
Version 1.0
This insurance plan is underwritten by AIA Singapore Private Limited (Reg. No. 201106386R) ("we, our, us, AIA Singapore").
Total and Permanent Disability Rider is a non-participating supplementary benefit which provides financial protection if the Insured becomes totally and permanently disabled before age 70. This benefit accelerates the payment of the Insured Amount of the Basic Policy.
You may add on this optional rider to enhance your insurance coverage. Additional benefit charge will be payable through cancellation of units.
This product summary is meant to be read together with Product Summary for AIA Platinum Wealth Elite 2.0.
## 1. Total and Permanent Disability (TPD) Benefit
In the event of TPD of the Insured, we will pay the higher of the following:
(a) the TPD insured amount; or
(b) the policy value,
less applicable fees and charges (if any).
The TPD Insured Amount shall follow the Current Insured Amount of the Basic Policy.
The TPD Benefit is a full acceleration of the Death Benefit of the Basic Policy, and the policy will automatically terminate upon payment of Benefit.
**Before the policy anniversary occurring on or immediately following the Insured's 65th birthday**, TPD means the Insured is not capable of doing or carrying out any work, occupation or profession, to earn or obtain any wages, compensation or profit. Such disability must continue uninterrupted for at least 6 consecutive months and there is no possibility of improvement for an indefinite time.
**From the policy anniversary occurring on or immediately following the Insured's 65th birthday**, TPD means the Insured is not capable of performing at least 2 of the following 6 Activities of Daily Living even with the aid of special equipment, and always requiring the physical assistance of another person throughout the entire activity. Such disability must continue uninterrupted for at least 6 consecutive months and there is no possibility of improvement for an indefinite time.
**Activities of Daily Living are:**
(a) Transferring: the ability to move from a bed to an upright chair or wheelchair and vice versa
(b) Mobility: the ability to move indoors from room to room on level surfaces
(c) Toileting: the ability to use the lavatory or otherwise manage bowel and bladder functions so as to maintain a satisfactory level of personal hygiene
(d) Dressing: the ability to put on, take off, secure and unfasten all garments and as appropriate, any braces, artificial limbs or other surgical appliances
(e) Washing: the ability to wash in the bath or shower (including getting into and out of the bath or shower) or wash satisfactorily by any other means
(f) Feeding: the ability to feed oneself once food has been prepared and made available
**However, any of the following conditions* will be immediately recognised as TPD:**
(i) total and irrecoverable loss of sight of both eyes, or
(ii) loss by complete severance or the total and irrecoverable loss of use of two (2) limbs at or above the wrist or ankle; or
(iii) total and irrecoverable loss of sight of one (1) eye; and
a. loss by complete severance of one (1) limb at or above the wrist or at or above the ankle; or
b. total and irrecoverable loss of use of one (1) limb at or above the wrist or at or above the ankle.
*If the Insured is a juvenile, we will only admit these conditions as TPD.
Besides other underwriting limits applicable to this plan, this benefit is also subject to the TPD per life limit of S$7,500,000
[p.17]
(aggregated with other policies or riders issued on the same life). For policies issued in other currencies, a conversion rate as determined by the company will apply.
## 2. Insurance Risk Charge
Insurance Risk Charge will be deducted on a monthly basis to provide for insurance cover, even during Premium Holiday.
Insurance Risk Charge = Applicable Monthly Insurance Risk Charge Rate x Sum-at-Risk
Where Sum-at-Risk = Current Insured Amount – policy value
If the Sum-at-Risk is zero or negative in a given month, no Insurance Risk Charge is payable for that month.
Please refer to Appendix A for the Schedule of Insurance Risk Charge for Total and Permanent Disability Rider that will be applied according to the Insured's attained age, sex and smoking status for a standard life. The Insurance Risk Charge will be revised for a life which is subject to extra mortality rating.
## 3. Exclusions
There are certain conditions under which no benefits will be payable. These are stated as exclusions in the supplementary agreements. The exclusions for this Benefit include, but are not limited to, the following conditions. You are advised to read the supplementary agreements for the full list of exclusions:
(a) deliberate acts that endanger oneself, whether sane or insane, including any of the following:
(i) violation or attempted violation of the law or resistance to arrest; or
(ii) suicide or attempted suicide, intentional self injury or exposure to exceptional danger (except in an attempt to save human life);
(b) engaging in or taking part in air, military or naval service in time of declared or undeclared war or while under order for warlike operations or restoration of public order; or
(c) entering, operating, or servicing, riding in or on, ascending or descending from or with any aerial device or conveyance (except where the Insured is in an aircraft operated by a commercial passenger airline on a regular scheduled passenger trip over its established passenger route or by the Republic of Singapore Air Force).
## 4. Termination
This Benefit shall automatically terminate on the occurrence of the earliest of the following:
(a) termination of the Basic Policy; or
(b) upon our receipt of notification of TPD claim which results in the admission of the total and permanent disability benefit;
or
(c) on the policy anniversary occurring on or immediately following the Insured's 70th birthday;or
(d) termination of this supplementary agreement upon your request in writing to us.
## 5. Claims Procedure
We must receive written notice of claim for loss within 60 days from the date of diagnosis of a TPD. You may refer to the supplementary agreement for details on claims procedures. You may also contact your AIA Financial Services Consultant, Insurance Representative or AIA Customer Care Hotline at 1800 248 8000.
### Important Notes
All insurance applications are subject to our underwriting and acceptance. Submission of an application and payment of premium does not constitute and should not be construed as acceptance by us. We reserve the right to withdraw the plan or reject applications at any time or for any reason without notice.
This product summary does not form a part of any contract of insurance. It is intended only to be a simplified description of the product features applicable to this benefit and is not exhaustive. The contents of this product summary may vary from the terms of cover eventually issued. Please refer to the actual Supplementary Agreement for all terms and conditions, including exclusions whereby the benefits under your policy may not be paid out. You are advised to read the Supplementary Agreement. For the avoidance of doubt, only the terms and conditions as set out in the Supplementary Agreement will bind the parties.
[p.18]
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. You should consider carefully before terminating the policy or switching to a new one as there may be disadvantages in doing so. The new policy may cost more or have fewer benefits at the same cost.
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 your insurer or visit the GIA/LIA or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).
[p.19]
---
# APPENDIX A – SCHEDULE OF INSURANCE RISK CHARGE FOR TOTAL AND PERMANENT DISABILITY RIDER (PER $1,000 SUM AT RISK)
| Attained Age | Male NonSmoker | Male Smoker | Female NonSmoker | Female Smoker |
|---|---|---|---|---|
| 0 | 0.070 | 0.070 | 0.060 | 0.060 |
| 1 | 0.070 | 0.070 | 0.060 | 0.060 |
| 2 | 0.070 | 0.070 | 0.060 | 0.060 |
| 3 | 0.070 | 0.070 | 0.060 | 0.060 |
| 4 | 0.070 | 0.070 | 0.060 | 0.060 |
| 5 | 0.070 | 0.070 | 0.060 | 0.060 |
| 6 | 0.070 | 0.070 | 0.060 | 0.060 |
| 7 | 0.070 | 0.070 | 0.060 | 0.060 |
| 8 | 0.070 | 0.070 | 0.060 | 0.060 |
| 9 | 0.070 | 0.070 | 0.060 | 0.060 |
| 10 | 0.070 | 0.070 | 0.060 | 0.060 |
| 11 | 0.070 | 0.070 | 0.060 | 0.060 |
| 12 | 0.070 | 0.070 | 0.060 | 0.060 |
| 13 | 0.070 | 0.070 | 0.060 | 0.060 |
| 14 | 0.070 | 0.070 | 0.060 | 0.060 |
| 15 | 0.070 | 0.070 | 0.060 | 0.060 |
| 16 | 0.070 | 0.070 | 0.060 | 0.060 |
| 17 | 0.070 | 0.070 | 0.060 | 0.060 |
| 18 | 0.070 | 0.080 | 0.060 | 0.080 |
| 19 | 0.070 | 0.090 | 0.060 | 0.080 |
| 20 | 0.080 | 0.090 | 0.070 | 0.080 |
| 21 | 0.080 | 0.100 | 0.070 | 0.090 |
| 22 | 0.080 | 0.100 | 0.070 | 0.090 |
| 23 | 0.080 | 0.100 | 0.080 | 0.090 |
| 24 | 0.090 | 0.110 | 0.080 | 0.100 |
| 25 | 0.090 | 0.110 | 0.080 | 0.100 |
| 26 | 0.090 | 0.110 | 0.080 | 0.100 |
| 27 | 0.100 | 0.120 | 0.090 | 0.110 |
| 28 | 0.100 | 0.120 | 0.090 | 0.110 |
| 29 | 0.100 | 0.120 | 0.090 | 0.110 |
| 30 | 0.100 | 0.130 | 0.090 | 0.120 |
| 31 | 0.110 | 0.130 | 0.100 | 0.120 |
| 32 | 0.110 | 0.130 | 0.100 | 0.120 |
| 33 | 0.110 | 0.140 | 0.100 | 0.130 |
| 34 | 0.120 | 0.140 | 0.110 | 0.130 |
| 35 | 0.120 | 0.150 | 0.110 | 0.140 |
| 36 | 0.130 | 0.160 | 0.110 | 0.140 |
| 37 | 0.130 | 0.160 | 0.120 | 0.150 |
| 38 | 0.140 | 0.170 | 0.130 | 0.160 |
| 39 | 0.150 | 0.180 | 0.130 | 0.170 |
| 40 | 0.160 | 0.190 | 0.140 | 0.180 |
[p.20]
| Attained Age | Male NonSmoker | Male Smoker | Female NonSmoker | Female Smoker |
|---|---|---|---|---|
| 41 | 0.170 | 0.210 | 0.150
---
### https://lifeinsurance.com.sg/api/product/aia/pro-achiever-3/summary.md
# AIA Pro Achiever 3.0
**Insurer:** AIA Singapore (AIA Singapore Private Limited)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/201106386R/WA_Sum_201106386R_APA3.0_Oct2024.pdf
## Source wording
- **Effective from:** 2024-10-01
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/201106386R/WA_Sum_201106386R_APA3.0_Oct2024.pdf
- **PDF sha256:** `1fef13332046298ddf295fd612cfc816c282fea8de87317034d727243d19c6ac`
- **Extraction confidence:** inferred
## Extracted facts
### riders
```json
[
{
"name": "Secondary Insured Option",
"rider_type": "other",
"description": "During the term of the policy, a Secondary Insured can be appointed to ensure the continuity of the policy upon death of the Insured. The Secondary Insured will become the new Insured of the basic policy and the policy continues upon the death of the Insured.",
"source_page": 3,
"available_at_inception": true,
"available_after_inception": true
}
]
```
### exclusions
```json
[
{
"text": "If a Secondary Insured was appointed before the death of the Insured, death benefit will not be paid on the death of the Insured.",
"source_page": 1
},
{
"text": "If a Secondary Insured was appointed before the death of the Insured, accidental death benefit will not be payable.",
"source_page": 2
},
{
"text": "Accidental Death Benefit: If the Insured dies due to an injury within 90 days from the date of the accident that occurs within 2 policy years from the issue date of your policy.",
"source_page": 2
},
{
"text": "No reduction in the amount of regular premium shall be allowed until the 4th annual / 8th semi-annual / 16th quarterly / 48th monthly regular premium has been paid.",
"source_page": 11
},
{
"text": "Increase in regular premium amount is not allowed.",
"source_page": 11
},
{
"text": "Premium paid in advance will not be accepted. Back payments of regular premium are not allowed.",
"source_page": 4
},
{
"text": "During the IIP: any dividend payouts from any funds that include the option for you to accept dividend payments will be automatically reinvested into the policy.",
"source_page": 1
}
]
```
### mwpa trust
```json
{
"notes": "If you wish to make a nomination of beneficiary or create a trust under this policy, you must first revoke the appointment of the Secondary Insured. Secondary Insured cannot be appointed if a trust is created under this policy.",
"available": true,
"source_page": 3
}
```
### cash values
```json
{
"has_cash_value": true,
"non_guaranteed_bonus": {
"text": "Welcome Bonus will be paid to your basic policy as regular premium units upon the receipt of each basic regular premium paid for the first (1st) to third (3rd) policy year, depending on the annualised regular premium amount and IIP option. Special Bonus will be paid to your basic policy as regular premium units upon the receipt of each basic regular premium paid from the 10th annual / 19th semi-annual / 37th quarterly / 109th monthly regular premium paid onwards.",
"available": true,
"bonus_types": [
"other"
],
"source_page": 3
},
"guaranteed_surrender_value": {
"basis": "Surrender value = policy value less full surrender charge; policy value depends on prices of units of ILP sub-funds which may fluctuate and is therefore not guaranteed",
"available": false,
"source_page": 12
}
}
```
### policy loan
```json
{
"available": false
}
```
### grace period
```json
{
"days": 65,
"source_page": 13
}
```
### product type
```json
"investment-linked"
```
### policy basics
```json
{
"minimum_entry_age": {
"basis": "as-stated",
"years": "not stated in extracted text"
},
"minimum_sum_assured": {
"amount": "Not applicable — death benefit is the higher of total regular premium paid plus total top-up premium and premium reduction top-up amount less total withdrawals, or the policy value, less applicable fees and charges",
"currency": "SGD",
"source_page": 1
},
"maximum_coverage_age": {
"basis": "as-stated",
"years": 100,
"source_page": 3
}
}
```
### premium terms
```json
{
"cpf_eligible": {
"srs": false,
"notes": "This plan is available using cash only.",
"source_page": 1,
"special_account": false,
"ordinary_account": false
},
"payment_modes": [
"annual",
"semi-annual",
"quarterly",
"monthly"
],
"minimum_premium": {
"amount": 2400,
"currency": "SGD",
"source_page": 11
},
"premium_term_options": [
{
"label": "IIP 10 — Initial Investment Period of 10 years",
"description": "The plan offers IIP options of 10, 15 or 20 years, which you may select depending on your investment objectives. Once your policy has been issued, the IIP option cannot be changed.",
"source_page": 1
},
{
"label": "IIP 15 — Initial Investment Period of 15 years",
"description": "The plan offers IIP options of 10, 15 or 20 years, which you may select depending on your investment objectives. Once your policy has been issued, the IIP option cannot be changed.",
"source_page": 1
},
{
"label": "IIP 20 — Initial Investment Period of 20 years",
"description": "The plan offers IIP options of 10, 15 or 20 years, which you may select depending on your investment objectives. Once your policy has been issued, the IIP option cannot be changed.",
"source_page": 1
}
],
"premium_review_clause": {
"reviewable": false,
"source_page": 11
}
}
```
### non forfeiture
```json
{
"paid_up": {
"text": "Not described in extracted text",
"available": false
},
"source_page": 13,
"extended_term": {
"text": "Not described in extracted text",
"available": false
},
"automatic_premium_loan": {
"text": "Not described in extracted text",
"available": false
}
}
```
### suicide clause
```json
{
"payout_within_period": "not explicitly stated in extracted text",
"exclusion_period_months": 12
}
```
### document metadata
```json
{
"wording_version": "Version 2.0",
"product_full_name": "AIA Pro Achiever 3.0",
"insurer_legal_entity": "AIA Singapore Private Limited (Reg. No. 201106386R)",
"product_summary_pdf_url": "https://www.aia.com.sg"
}
```
### terminal illness benefit
```json
{
"available": false
}
```
---
*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.*
---
### https://lifeinsurance.com.sg/api/product/aia/pro-achiever-3/wording.md
# Product Summary for AIA Pro Achiever 3.0
Version 2.0
To help you understand Investment-linked policies better, please refer to 'Your Guide To Investment-Linked Insurance Plans' (YGILIP), which can be found at www.aia.com.sg or www.lia.org.sg. YGILIP is also available from your AIA Financial Services Consultant or Insurance Representatives.
## 1. Provider of the Plan
AIA Singapore Private Limited (Reg. No. 201106386R) ("we, our, us, AIA Singapore")
1 Robinson Road
AIA Tower
Singapore 048542
## 2. Nature & Objective of the Plan
[p.1] AIA Pro Achiever 3.0 is a regular premium investment-linked insurance policy (ILP) which focuses on helping you to accumulate your wealth. From the start, at least 100% of premium will be allocated to purchase units of the ILP subfunds that you have chosen. You will be rewarded with Welcome Bonus upon receipt of each payment of regular premium for the first to third policy year, depending on the annualised regular premium amount and Initial Investment Period option selected. You will also be rewarded with Special Bonus upon receipt of each payment of regular premium from the 10th annual premium onwards. In addition, it offers a wide range of investment-linked sub-funds ("ILP subfunds") which you could best use to personalise your investment strategy to reap potential attractive returns.
### Initial Investment Period ("IIP")
The plan offers IIP options of 10, 15 or 20 years, which you may select depending on your investment objectives. Once your policy has been issued, the IIP option cannot be changed.
During the IIP:
(a) certain charges may apply, such as Supplementary Charges (if applicable), Premium Holiday Charges, Premium Reduction Charges, Full Surrender Charges and Partial Withdrawal Charges; and
(b) any dividend payouts from any funds that include the option for you to accept dividend payments will be automatically reinvested into the policy.
The IIP will cease only after the relevant regular premium, as stated in the table below, has been paid:
| IIP Option | Number of Regular Premiums paid to and accepted by us | | | |
| --- | --- | --- | --- | --- |
| | Annual | Semi-Annual | Quarterly | Monthly |
| IIP 10 | 11th | 21st | 41st | 121st |
| IIP 15 | 16th | 31st | 61st | 181st |
| IIP 20 | 21st | 41st | 81st | 241st |
For the avoidance of doubt, should the Premium Pass or Premium Holiday feature of your policy be activated once or multiple times, the IIP will extend beyond 10, 15 or 20 policy years until the relevant regular premium has been paid to us.
This plan is available using cash only.
## 3. Benefits Under the Plan
You will be entitled to the following benefits under the policy:
### 3.1. Death Benefit
In the event of death of the Insured, we will pay the death benefit being the higher of the following:
[p.1-2] (a) total regular premium paid, plus total top-up premium and premium reduction top-up amount, less total withdrawals; or
(b) the policy value,
less applicable fees and charges (if any).
If a Secondary Insured was appointed before the death of the Insured, death benefit will not be paid on the death of the Insured. Please refer to Section 3.6. for more information on Secondary Insured Option.
Your policy will automatically terminate after we have paid the death benefit.
### 3.2. Accidental Death Benefit
If the Insured dies due to an injury within 90 days from the date of the accident that occurs within 2 policy years from the issue date of your policy, in addition to the death benefit set out above, we will pay 100% of total regular premium paid.
If a Secondary Insured was appointed before the death of the Insured, accidental death benefit will not be payable. Please refer to Section 3.6. for more information on Secondary Insured Option.
### 3.3. Welcome Bonus
While this basic policy is in force, we will pay a Welcome Bonus upon the receipt of each basic regular premium paid for the first (1st) to third (3rd) policy year, depending on the annualised regular premium amount and IIP option.
The Welcome Bonus rates will be based on the applicable table as follows:
#### IIP 10:
| Number of Regular Premiums paid to and accepted by us | | | | Welcome Bonus Rate (Based on Annualised Regular Premiums) | | | |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Annual | Semi-Annual | Quarterly | Monthly | $2,400 - $4,799 | $4,800 - $7,199 | $7,200 - $11,999 | ≥ 12,000 |
| 1st | 1st – 2nd | 1st – 4th | 1st – 12th | 5% | 5% | 10% | 15% |
| 2nd | 3rd – 4th | 5th – 8th | 13th – 24th | - | 8% | 13% | 18% |
| 3rd | 5th – 6th | 9th – 12th | 25th – 36th | - | 10% | 15% | 20% |
| | | | Total | 5% | 23% | 38% | 53% |
#### IIP 15:
| Number of Regular Premiums paid to and accepted by us | | | | Welcome Bonus Rate (Based on Annualised Regular Premiums) | | | |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Annual | Semi-Annual | Quarterly | Monthly | $2,400 - $4,799 | $4,800 - $7,199 | $7,200 - $11,999 | ≥ 12,000 |
| 1st | 1st – 2nd | 1st – 4th | 1st – 12th | 8% | 8% | 13% | 18% |
| 2nd | 3rd – 4th | 5th – 8th | 13th – 24th | - | 11% | 16% | 21% |
| 3rd | 5th – 6th | 9th – 12th | 25th – 36th | - | 14% | 19% | 24% |
| | | | Total | 8% | 33% | 48% | 63% |
#### IIP 20:
| Number of Regular Premiums paid to and accepted by us | | | | Welcome Bonus Rate (Based on Annualised Regular Premiums) | | | |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Annual | Semi-Annual | Quarterly | Monthly | $2,400 - $4,799 | $4,800 - $7,199 | $7,200 - $11,999 | ≥ 12,000 |
| 1st | 1st – 2nd | 1st – 4th | 1st – 12th | 10% | 10% | 15% | 20% |
| 2nd | 3rd – 4th | 5th – 8th | 13th – 24th | - | 15% | 20% | 25% |
| 3rd | 5th – 6th | 9th – 12th | 25th – 36th | - | 20% | 25% | 30% |
| | | | Total | 10% | 45% | 60% | 75% |
### 3.4. Special Bonus
[p.3] While this basic policy is in force, we will pay a Special Bonus upon the receipt of each basic regular premium paid from the 10th annual / 19th semi-annual / 37th quarterly / 109th monthly regular premium paid onwards.
The Special Bonus rates will be based on the table as follows:
| Number of Regular Premiums paid to and accepted by us | | | | Special Bonus (% of Regular Premium) |
| --- | --- | --- | --- | --- |
| Annual | Semi-Annual | Quarterly | Monthly | |
| 10th – 20th | 19th – 40th | 37th – 80th | 109th – 240th | 5% |
| 21st onwards | 41st onwards | 81st onwards | 241st onwards | 8% |
### 3.5. Maturity Benefit
When your policy matures, we will pay you the policy value, less applicable fees and charges (if any). Your policy will automatically terminate on the maturity date.
### 3.6. Secondary Insured Option
During the term of the policy, a Secondary Insured can be appointed to ensure the continuity of the policy upon death of the Insured.
#### When can appointment of Secondary Insured be made?
Policyholder/Assignee can appoint, at the point of policy application or during the policy term, while the Insured is alive. Any application to change the Secondary Insured will supersede any existing appointment of Secondary Insured that was submitted to us previously.
#### Who can be the Secondary Insured?
The Policyholder/Assignee or the Policyholder/Assignee's spouse or child (who is below age 16). At the point of appointment, the Secondary Insured cannot exceed age 70.
#### Secondary Insured cannot be appointed if:
- the policy already has a nomination of beneficiary; or
- a trust is created under this policy; or
- the Policyholder/Assignee or Insured is not alive
If you wish to make a nomination of beneficiary or create a trust under this policy, you must first revoke the appointment of the Secondary Insured.
#### What happens in the event of death of the Insured, and a Secondary Insured has been appointed beforehand?
The Secondary Insured will become* the new Insured of the basic policy and the policy continues. We will only pay the death benefit on the death of the new Insured.
In the event of death of the Insured and when the Secondary Insured becomes the new Insured:
(a) the policy maturity date shall be based on the date specified in the policy schedule or policy anniversary occurring on or immediately following the new Insured's 100th birthday, whichever is earlier;
(b) any optional riders attached will be terminated;
(c) any premium payments shall continue to be payable;
(d) for the avoidance of doubt, if any supplementary agreement that waives premium has been activated, premium will continue to be waived under the same terms as established under the supplementary agreement; and
(e) benefit charge (if any) will continue to be charged based on the new Insured's gender and attained age.
#### What happens in the event of accidental death of the Insured, and a Secondary Insured has been appointed beforehand?
The Secondary Insured will become* the new Insured of the basic policy and the policy continues. We will only pay the accidental death benefit if the new Insured dies due to an Injury within 90 days from the date of the Accident that occurs within two policy years from the Issue Date of your basic policy.
*this is conditional upon satisfaction of our customer due diligence check and prevailing rules and guidelines. In the event that we are unable to accept the Secondary Insured as the new Insured, claims proceed will be paid out and the policy will terminate.
### 3.7. Premium Pass
While this basic policy is in force, you will be entitled to one Premium Pass after every 5th annual / 10th semi-annual / 20th quarterly / 60th monthly regular premium has been paid, subject to the maximum number of Premium Passes applicable for each IIP option.
The maximum number of Premium Passes will vary based on the IIP options as follows:
| IIP Option | Maximum number of Premium Passes |
| --- | --- |
| IIP 10 | 1 Premium Pass |
| IIP 15 | 2 Premium Pass |
| IIP 20 | 3 Premium Pass |
Each Premium Pass may be activated more than once, subject to the maximum cumulative duration of 12 policy months for use of the Premium Pass. If the policy is entitled to more than one Premium Pass, multiple Premium Passes may be used consecutively.
During the Premium Pass Period, Premium Holiday Charge and Supplementary Charge will not be applicable.
Please refer to Section 7.1 for more information on Premium Pass.
Please note that the policy value depends on the prices of the units of the ILP sub-funds which may fluctuate and your policy value is therefore not guaranteed.
## 4. Subscription of Units
### 4.1. Regular Premiums
100% of regular premium will be used to purchase regular premium units at bid price in the ILP sub-funds that you have chosen.
As an example, the number of units in an ILP sub-fund you will receive based on a regular premium amount of S$1,000 and at notional bid price of S$1.00:
| Regular Premium Amount | ÷ | Bid Price | = | Number of Units |
| --- | --- | --- | --- | --- |
| S$1,000 | ÷ | S$1.00 | = | 1,000 |
Premium paid in advance will not be accepted.
Back payments of regular premium are not allowed.
### 4.2. Top-Up Premium
[p.4] 100% of Top-Up Premium less Premium Charge will be used to purchase top-up premium units at bid price in the ILP sub-funds that you have chosen.
### 4.3. Welcome Bonus
Welcome Bonus will be paid to your basic policy as regular premium units upon the receipt of each basic regular premium paid for the first (1st) to third (3rd) policy year, depending on the annualised regular premium amount and IIP option. Please refer to Section 3.3. for more information on the Welcome Bonus payable.
### 4.4. Special Bonus
Special Bonus will be paid to your basic policy as regular premium units upon the receipt of each basic regular premium paid from the 10th annual / 19th semi-annual / 37th quarterly / 109th monthly regular premium paid onwards. Special Bonus payable will increase upon the receipt of each basic regular premium paid from the 21st annual / 41st semi-annual / 81st quarterly / 241st monthly regular premiums paid onwards. Please refer to Section 3.4. for more information on the Special Bonus payable.
### 4.5. Premium Reduction Top-Up Units
Premium Reduction Top-Up Amount will be used to purchase Premium Reduction Top-Up units at bid price in the ILP sub-funds that you have chosen. Please refer to Section 5.5. for more information on the Premium Reduction Top-Up Units.
## 5. Fees and Charges
### 5.1. Premium Charge
We will deduct Premium Charge from any Top-Up Premium.
Premium Charge = 5% of each Top-Up Premium.
The following fees and charges are deducted by cancelling units at bid price.
### 5.2. Supplementary Charge
Every month, a Supplementary Charge equivalent to (3.90% / 12) of the Regular Premium Policy Value will be deducted from your policy. The Supplementary Charge will not be imposed during the Premium Pass Period or if the Premium Holiday Charge is payable.
Such charge will only cease upon the payment of 11th annual / 21st semi-annual / 41st quarterly / 121st monthly regular premium.
This means that the charge will extend beyond 10 policy years if you missed paying any premiums during that period.
### 5.3. Benefit Charge
[p.5] Benefit Charge will be deducted on a monthly basis to provide for insurance cover. If the Sum-at-Risk is zero or negative in a given month, no Benefit Charge is payable for that month.
Benefit Charge = Annual Benefit Charge Rate/12 x Sum-at-Risk
Where:
Sum-at-Risk = 100% of total regular premiums paid + total top-ups + total premium reduction top-up amount – total withdrawals – policy value
Please refer to Appendix A for the current Benefit Charge rates (shown on an annual basis) that are applied according to the Insured's gender and attained age.
### 5.4. Premium Holiday Charge
If you missed paying premium when due during the IIP and your policy is on Premium Holiday, a Premium Holiday Charge will be charged on monthly basis. This charge will cease once you resume premium payment.
Such charge will only cease to apply once the relevant regular premium has been paid. This means that the charge will extend beyond 10 / 15 / 20 policy years if you missed paying any premiums during the relevant IIP.
For the avoidance of doubt, Premium Holiday Charge shall not be applicable during Premium Pass Period.
Premium Holiday Charge = Premium Holiday Charge Annual Rate/12 x Annualised Regular Premium
#### IIP 10:
| Number of Regular Premiums paid to and accepted by us | | | | Premium Holiday Charge Annual Rate |
| --- | --- | --- | --- | --- |
| Annual | Semi-annual | Quarterly | Monthly | |
| 1st | 1st – 3rd | 1st – 7th | 1st – 23rd | 100% |
| 2nd | 4th – 5th | 8th – 11th | 24th – 35th | 30% |
| 3rd | 6th – 7th | 12th – 15th | 36th – 47th | 20% |
| 4th | 8th – 9th | 16th – 19th | 48th – 59th | 20% |
| 5th | 10th – 11th | 20th – 23rd | 60th – 71st | 10% |
| 6th | 12th – 13th | 24th – 27th | 72nd – 83rd | 10% |
| 7th | 14th – 15th | 28th – 31st | 84th – 95th | 5% |
| 8th | 16th – 17th | 32nd – 35th | 96th – 107th | 5% |
| 9th | 18th – 19th | 36th – 39th | 108th – 119th | 2.5% |
| 10th | 20th | 40th | 120th | 2.5% |
| 11th onwards* | 21st onwards* | 41st onwards* | 121st onwards* | 0% |
#### IIP 15:
| Number of Regular Premiums paid to and accepted by us | | | | Premium Holiday Charge Annual Rate |
| --- | --- | --- | --- | --- |
| Annual | Semi-Annual | Quarterly | Monthly | |
| 1st | 1st – 3rd | 1st – 7th | 1st – 23rd | 100% |
| 2nd | 4th – 5th | 8th – 11th | 24th – 35th | 30% |
| 3rd | 6th – 7th | 12th – 15th | 36th – 47th | 20% |
| 4th | 8th – 9th | 16th – 19th | 48th – 59th | 20% |
| 5th | 10th – 11th | 20th – 23rd | 60th – 71st | 10% |
| 6th | 12th – 13th | 24th – 27th | 72nd – 83rd | 10% |
| 7th | 14th – 15th | 28th – 31st | 84th – 95th | 5% |
| 8th | 16th – 17th | 32nd – 35th | 96th – 107th | 5% |
| 9th | 18th – 19th | 36th – 39th | 108th – 119th | 2.5% |
| 10th | 20th – 21st | 40th – 43rd | 120th – 131st | 2.5% |
| 11th | 22nd – 23rd | 44th – 47th | 132nd – 143rd | 2.5% |
| 12th | 24th – 25th | 48th – 51st | 144th – 155th | 2.5% |
| 13th | 26th – 27th | 52nd – 55th | 156th – 167th | 2.5% |
| 14th | 28th – 29th | 56th – 59th | 168th – 179th | 2.5% |
| 15th | 30th | 60th | 180th | 2.5% |
| 16th onwards* | 31st onwards* | 61st onwards* | 181st onwards* | 0% |
#### IIP 20:
| Number of Regular Premiums paid to and accepted by us | | | | Premium Holiday Charge Annual Rate |
| --- | --- | --- | --- | --- |
| Annual | Semi-Annual | Quarterly | Monthly | |
| 1st | 1st – 3rd | 1st – 7th | 1st – 23rd | 100% |
| 2nd | 4th – 5th | 8th – 11th | 24th – 35th | 30% |
| 3rd | 6th – 7th | 12th – 15th | 36th – 47th | 20% |
| 4th | 8th – 9th | 16th – 19th | 48th – 59th | 20% |
| 5th | 10th – 11th | 20th – 23rd | 60th – 71st | 10% |
| 6th | 12th – 13th | 24th – 27th | 72nd – 83rd | 10% |
| 7th | 14th – 15th | 28th – 31st | 84th – 95th | 5% |
| 8th | 16th – 17th | 32nd – 35th | 96th – 107th | 5% |
| 9th | 18th – 19th | 36th – 39th | 108th – 119th | 2.5% |
| 10th | 20th – 21st | 40th – 43rd | 120th – 131st | 2.5% |
| 11th | 22nd – 23rd | 44th – 47th | 132nd – 143rd | 2.5% |
| 12th | 24th – 25th | 48th – 51st | 144th – 155th | 2.5% |
| 13th | 26th – 27th | 52nd – 55th | 156th – 167th | 2.5% |
| 14th | 28th – 29th | 56th – 59th | 168th – 179th | 2.5% |
| 15th | 30th – 31st | 60th – 63rd | 180th – 191st | 2.5% |
| 16th | 32nd – 33rd | 64th – 67th | 192nd – 203rd | 2.5% |
| 17th | 34th – 35th | 68th – 71st | 204th – 215th | 2.5% |
| 18th | 36th – 37th | 72nd – 75th | 216th – 227th | 2.5% |
| 19th | 38th – 39th | 76th – 79th | 228th – 239th | 2.5% |
| 20th | 40th | 80th | 240th | 2.5% |
| 21st onwards* | 41st onwards* | 81st onwards* | 241st onwards* | 0% |
*You must have paid the relevant regular premium before the Premium Holiday Charge Annual Rate will be reduced to 0%.
**IMPORTANT NOTE:**
Buying a life insurance policy can be a long-term commitment. Prior to purchasing this plan, you should ensure that you have the ability to finance this policy for the entire term in order to maximize its benefits. Your policy may LAPSE if your premiums are not paid when they are due.
### 5.5. Premium Reduction Charge
[p.7] A Premium Reduction Charge shall apply if premium reduction is effected during the IIP and such charge shall be deducted from your Premium Reduction Policy Value.
Such charge will only cease to apply once the relevant regular premium has been paid. This means that the charge will extend beyond 10 / 15 / 20 policy years if you missed paying any premiums during the relevant IIP.
Premium Reduction Policy Value = (1 – new Regular Premium / prevailing Regular Premium) x Regular Premium Policy Value
Premium Reduction Charge = Premium Reduction Charge Rate x Premium Reduction Policy Value
#### IIP 10:
| Number of Regular Premiums paid to and accepted by us | | | | Premium Reduction Charge Rate |
| --- | --- | --- | --- | --- |
| Annual | Semi-annual | Quarterly | Monthly | |
| 1st | 1st – 3rd | 1st – 7th | 1st – 23rd | Not applicable. Premium reduction is not allowed. |
| 2nd | 4th – 5th | 8th – 11th | 24th – 35th | |
| 3rd | 6th – 7th | 12th – 15th | 36th – 47th | |
| 4th | 8th – 9th | 16th – 19th | 48th – 59th | 70% |
| 5th | 10th – 11th | 20th – 23rd | 60th – 71st | 60% |
| 6th | 12th – 13th | 24th – 27th | 72nd – 83rd | 50% |
| 7th | 14th – 15th | 28th – 31st | 84th – 95th | 45% |
| 8th | 16th – 17th | 32nd – 35th | 96th – 107th | 35% |
| 9th | 18th – 19th | 36th – 39th | 108th – 119th | 20% |
| 10th | 20th | 40th | 120th | 5% |
| 11th onwards* | 21st onwards* | 41st onwards* | 121st onwards* | 0% |
#### IIP 15:
| Number of Regular Premiums paid to and accepted by us | | | | Premium Reduction Charge Rate |
| --- | --- | --- | --- | --- |
| Annual | Semi-Annual | Quarterly | Monthly | |
| 1st | 1st – 3rd | 1st – 7th | 1st – 23rd | Not applicable. Premium reduction is not allowed. |
| 2nd | 4th – 5th | 8th – 11th | 24th – 35th | |
| 3rd | 6th – 7th | 12th – 15th | 36th – 47th | |
| 4th | 8th – 9th | 16th – 19th | 48th – 59th | 70% |
| 5th | 10th – 11th | 20th – 23rd | 60th – 71st | 60% |
| 6th | 12th – 13th | 24th – 27th | 72nd – 83rd | 50% |
| 7th | 14th – 15th | 28th – 31st | 84th – 95th | 45% |
| 8th | 16th – 17th | 32nd – 35th | 96th – 107th | 35% |
| 9th | 18th – 19th | 36th – 39th | 108th – 119th | 20% |
| 10th | 20th – 21st | 40th – 43rd | 120th – 131st | 5% |
| 11th | 22nd – 23rd | 44th – 47th | 132nd – 143rd | 5% |
| 12th | 24th – 25th | 48th – 51st | 144th – 155th | 5% |
| 13th | 26th – 27th | 52nd – 55th | 156th – 167th | 5% |
| 14th | 28th – 29th | 56th – 59th | 168th – 179th | 5% |
| 15th | 30th | 60th | 180th | 5% |
| 16th onwards* | 31st onwards* | 61st onwards* | 181st onwards* | 0% |
#### IIP 20:
| Number of Regular Premiums paid to and accepted by us | | | | Premium Reduction Charge Rate |
| --- | --- | --- | --- | --- |
| Annual | Semi-Annual | Quarterly | Monthly | |
| 1st | 1st – 3rd | 1st – 7th | 1st – 23rd | Not applicable. Premium reduction is not allowed. |
| 2nd | 4th – 5th | 8th – 11th | 24th – 35th | |
| 3rd | 6th – 7th | 12th – 15th | 36th – 47th | |
| 4th | 8th – 9th | 16th – 19th | 48th – 59th | 70% |
| 5th | 10th – 11th | 20th – 23rd | 60th – 71st | 60% |
| 6th | 12th – 13th | 24th – 27th | 72nd – 83rd | 50% |
| 7th | 14th – 15th | 28th – 31st | 84th – 95th | 45% |
| 8th | 16th – 17th | 32nd – 35th | 96th – 107th | 35% |
| 9th | 18th – 19th | 36th – 39th | 108th – 119th | 20% |
| 10th | 20th – 21st | 40th – 43rd | 120th – 131st | 5% |
| 11th | 22nd – 23rd | 44th – 47th | 132nd – 143rd | 5% |
| 12th | 24th – 25th | 48th – 51st | 144th – 155th | 5% |
| 13th | 26th – 27th | 52nd – 55th | 156th – 167th | 5% |
| 14th | 28th – 29th | 56th – 59th | 168th – 179th | 5% |
| 15th | 30th – 31st | 60th – 63rd | 180th – 191st | 5% |
| 16th | 32nd – 33rd | 64th – 67th | 192nd – 203rd | 5% |
| 17th | 34th – 35th | 68th – 71st | 204th – 215th | 5% |
| 18th | 36th – 37th | 72nd – 75th | 216th – 227th | 5% |
| 19th | 38th – 39th | 76th – 79th | 228th – 239th | 5% |
| 20th | 40th | 80th | 240th | 5% |
| 21st onwards* | 41st onwards* | 81st onwards* | 241st onwards* | 0% |
*You must have paid the relevant regular premium before the Premium Holiday Charge Annual Rate will be reduced to 0%.
**IMPORTANT NOTE:**
Buying a life insurance policy can be a long-term commitment. Prior to purchasing this plan, you should ensure that you have the ability to finance this policy for the entire term in order to maximize its benefits. Your policy may LAPSE if your premiums are not paid when they are due.
Premium Reduction Charge shall be charged to your policy by the cancellation of units from your Premium Reduction Policy Value at Bid Price prevailing as at the Valuation Day immediately following the date of our receipt, approval and processing of your Premium Reduction application
The remaining Premium Reduction Policy Value after the deduction of Premium Reduction Charge ("premium reduction top-up amount") will be allocated as Premium Reduction Top Up Units. For the avoidance of doubt, Premium Charge, Supplementary Charge, Partial Withdrawal Charge and Full Surrender Charge shall not be applicable to the Premium Reduction Top Up Units.
### 5.6. Full Surrender Charge
[p.8] If you request to surrender your policy during the IIP, full surrender charge will be deducted from your policy value and any remaining policy value will then be paid out.
Such charge will only cease to apply once the relevant regular premium has been paid. This means that the charge will extend beyond 10 / 15 / 20 policy years if you missed paying any premiums during the relevant IIP.
Full Surrender Charge = Full Surrender Charge Rate x Regular Premium Policy Value
#### IIP 10:
| Number of Regular Premiums paid to and accepted by us | | | | Full Surrender Charge Rate |
| --- | --- | --- | --- | --- |
| Annual | Semi-annual | Quarterly | Monthly | |
| 1st | 1st – 3rd | 1st – 7th | 1st – 23rd | 100% |
| 2nd | 4th – 5th | 8th – 11th | 24th – 35th | 100% |
| 3rd | 6th – 7th | 12th – 15th | 36th – 47th | 80% |
| 4th | 8th – 9th | 16th – 19th | 48th – 59th | 70% |
| 5th | 10th – 11th | 20th – 23rd | 60th – 71st | 60% |
| 6th | 12th – 13th | 24th – 27th | 72nd – 83rd | 50% |
| 7th | 14th – 15th | 28th – 31st | 84th – 95th | 45% |
| 8th | 16th – 17th | 32nd – 35th | 96th – 107th | 35% |
| 9th | 18th – 19th | 36th – 39th | 108th – 119th | 20% |
| 10th | 20th | 40th | 120th | 5% |
| 11th onwards* | 21st onwards* | 41st onwards* | 121st onwards* | 0% |
#### IIP 15:
| Number of Regular Premiums paid to and accepted by us | | | | Full Surrender Charge Rate |
| --- | --- | --- | --- | --- |
| Annual | Semi-Annual | Quarterly | Monthly | |
| 1st | 1st – 3rd | 1st – 7th | 1st – 23rd | 100% |
| 2nd | 4th – 5th | 8th – 11th | 24th – 35th | 100% |
| 3rd | 6th – 7th | 12th – 15th | 36th – 47th | 80% |
| 4th | 8th – 9th | 16th – 19th | 48th – 59th | 70% |
| 5th | 10th – 11th | 20th – 23rd | 60th – 71st | 60% |
| 6th | 12th – 13th | 24th – 27th | 72nd – 83rd | 50% |
| 7th | 14th – 15th | 28th – 31st | 84th – 95th | 45% |
| 8th | 16th – 17th | 32nd – 35th | 96th – 107th | 35% |
| 9th | 18th – 19th | 36th – 39th | 108th – 119th | 20% |
| 10th | 20th – 21st | 40th – 43rd | 120th – 131st | 5% |
| 11th | 22nd – 23rd | 44th – 47th | 132nd – 143rd | 5% |
| 12th | 24th – 25th | 48th – 51st | 144th – 155th | 5% |
| 13th | 26th – 27th | 52nd – 55th | 156th – 167th | 5% |
| 14th | 28th – 29th | 56th – 59th | 168th – 179th | 5% |
| 15th | 30th | 60th | 180th | 5% |
| 16th onwards* | 31st onwards* | 61st onwards* | 181st onwards* | 0% |
#### IIP 20:
| Number of Regular Premiums paid to and accepted by us | | | | Full Surrender Charge Rate |
| --- | --- | --- | --- | --- |
| Annual | Semi-Annual | Quarterly | Monthly | |
| 1st | 1st – 3rd | 1st – 7th | 1st – 23rd | 100% |
| 2nd | 4th – 5th | 8th – 11th | 24th – 35th | 100% |
| 3rd | 6th – 7th | 12th – 15th | 36th – 47th | 80% |
| 4th | 8th – 9th | 16th – 19th | 48th – 59th | 70% |
| 5th | 10th – 11th | 20th – 23rd | 60th – 71st | 60% |
| 6th | 12th – 13th | 24th – 27th | 72nd – 83rd | 50% |
| 7th | 14th – 15th | 28th – 31st | 84th – 95th | 45% |
| 8th | 16th – 17th | 32nd – 35th | 96th – 107th | 35% |
| 9th | 18th – 19th | 36th – 39th | 108th – 119th | 20% |
| 10th | 20th – 21st | 40th – 43rd | 120th – 131st | 5% |
| 11th | 22nd – 23rd | 44th – 47th | 132nd – 143rd | 5% |
| 12th | 24th – 25th | 48th – 51st | 144th – 155th | 5% |
| 13th | 26th – 27th | 52nd – 55th | 156th – 167th | 5% |
| 14th | 28th – 29th | 56th – 59th | 168th – 179th | 5% |
| 15th | 30th – 31st | 60th – 63rd | 180th – 191st | 5% |
| 16th | 32nd – 33rd | 64th – 67th | 192nd – 203rd | 5% |
| 17th | 34th – 35th | 68th – 71st | 204th – 215th | 5% |
| 18th | 36th – 37th | 72nd – 75th | 216th – 227th | 5% |
| 19th | 38th – 39th | 76th – 79th | 228th – 239th | 5% |
| 20th | 40th | 80th | 240th | 5% |
| 21st onwards* | 41st onwards* | 81st onwards* | 241st onwards* | 0% |
*You must have paid the relevant regular premium before the Full Surrender Charge Rate will be reduced to 0%
### 5.7. Partial Withdrawal Charge
If you requested for partial withdrawal, a partial withdrawal charge will be charged based on the regular premium policy value withdrawn by the cancellation of units.
[p.10] Such charge will only cease to apply once the relevant regular premium has been paid. This means that the charge will extend beyond 10 / 15 / 20 policy years if you missed paying any premiums during the IIP.
Partial Withdrawal Charge = Partial Withdrawal Charge Factor x Regular Premium Policy Value Withdrawn
#### IIP 10:
| Number of Regular Premiums paid to and accepted by us | | | | Partial Withdrawal Charge Factor |
| --- | --- | --- | --- | --- |
| Annual | Semi-annual | Quarterly | Monthly | |
| 1st | 1st – 3rd | 1st – 7th | 1st – 23rd | Not applicable. Withdrawals are not allowed. |
| 2nd | 4th – 5th | 8th – 11th | 24th – 35th | |
| 3rd | 6th – 7th | 12th – 15th | 36th – 47th | 4.000 |
| 4th | 8th – 9th | 16th – 19th | 48th – 59th | 2.333 |
| 5th | 10th – 11th | 20th – 23rd | 60th – 71st | 1.500 |
| 6th | 12th – 13th | 24th – 27th | 72nd – 83rd | 1.000 |
| 7th | 14th – 15th | 28th – 31st | 84th – 95th | 0.818 |
| 8th | 16th – 17th | 32nd – 35th | 96th – 107th | 0.539 |
| 9th | 18th – 19th | 36th – 39th | 108th – 119th | 0.250 |
| 10th | 20th | 40th | 120th | 0.053 |
| 11th onwards* | 21st onwards* | 41st onwards* | 121st onwards* | 0 |
#### IIP 15:
| Number of Regular Premiums paid to and accepted by us | | | | Partial Withdrawal Charge Factor |
| --- | --- | --- | --- | --- |
| Annual | Semi-Annual | Quarterly | Monthly | |
| 1st | 1st – 3rd | 1st – 7th | 1st – 23rd | Not applicable. Withdrawals are not allowed. |
| 2nd | 4th – 5th | 8th – 11th | 24th – 35th | |
| 3rd | 6th – 7th | 12th – 15th | 36th – 47th | 4.000 |
| 4th | 8th – 9th | 16th – 19th | 48th – 59th | 2.333 |
| 5th | 10th – 11th | 20th – 23rd | 60th – 71st | 1.500 |
| 6th | 12th – 13th | 24th – 27th | 72nd – 83rd | 1.000 |
| 7th | 14th – 15th | 28th – 31st | 84th – 95th | 0.818 |
| 8th | 16th – 17th | 32nd – 35th | 96th – 107th | 0.539 |
| 9th | 18th – 19th | 36th – 39th | 108th – 119th | 0.250 |
| 10th | 20th – 21st | 40th – 43rd | 120th – 131st | 0.053 |
| 11th | 22nd – 23rd | 44th – 47th | 132nd – 143rd | 0.053 |
| 12th | 24th – 25th | 48th – 51st | 144th – 155th | 0.053 |
| 13th | 26th – 27th | 52nd – 55th | 156th – 167th | 0.053 |
| 14th | 28th – 29th | 56th – 59th | 168th – 179th | 0.053 |
| 15th | 30th | 60th | 180th | 0.053 |
| 16th onwards* | 31st onwards* | 61st onwards* | 181st onwards* | 0 |
#### IIP 20:
| Number of Regular Premiums paid to and accepted by us | | | | Partial Withdrawal Charge Factor |
| --- | --- | --- | --- | --- |
| Annual | Semi-Annual | Quarterly | Monthly | |
| 1st | 1st – 3rd | 1st – 7th | 1st – 23rd | Not applicable. Withdrawals are not allowed. |
| 2nd | 4th – 5th | 8th – 11th | 24th – 35th | |
| 3rd | 6th – 7th | 12th – 15th | 36th – 47th | 4.000 |
| 4th | 8th – 9th | 16th – 19th | 48th – 59th | 2.333 |
| 5th | 10th – 11th | 20th – 23rd | 60th – 71st | 1.500 |
| 6th | 12th – 13th | 24th – 27th | 72nd – 83rd | 1.000 |
| 7th | 14th – 15th | 28th – 31st | 84th – 95th | 0.818 |
| 8th | 16th – 17th | 32nd – 35th | 96th – 107th | 0.539 |
| 9th | 18th – 19th | 36th – 39th | 108th – 119th | 0.250 |
| 10th | 20th – 21st | 40th – 43rd | 120th – 131st | 0.053 |
| 11th | 22nd – 23rd | 44th – 47th | 132nd – 143rd | 0.053 |
| 12th | 24th – 25th | 48th – 51st | 144th – 155th | 0.053 |
| 13th | 26th – 27th | 52nd – 55th | 156th – 167th | 0.053 |
| 14th | 28th – 29th | 56th – 59th | 168th – 179th | 0.053 |
| 15th | 30th – 31st | 60th – 63rd | 180th – 191st | 0.053 |
| 16th | 32nd – 33rd | 64th – 67th | 192nd – 203rd | 0.053 |
| 17th | 34th – 35th | 68th – 71st | 204th – 215th | 0.053 |
| 18th | 36th – 37th | 72nd – 75th | 216th – 227th | 0.053 |
| 19th | 38th – 39th | 76th – 79th | 228th – 239th | 0.053 |
| 20th | 40th | 80th | 240th | 0.053 |
| 21st onwards* | 41st onwards* | 81st onwards* | 241st onwards* | 0 |
*You must have paid the relevant Regular Premium before the Partial Withdrawal Charge Factor will be reduced to 0%
### 5.8. Fund Management Charge
The fees and charges payable through deduction from the net asset value of each ILP sub-fund are set out in the AIA Investment Fund Product Summary.
## 6. Policy Options and Flexibilities
### 6.1. Vary Regular Premium
[p.11] No reduction in the amount of regular premium shall be allowed until the 4th annual / 8th semi-annual / 16th quarterly / 48th monthly regular premium has been paid. Reduction in the amount of regular premium during the IIP will be subjected to Premium Reduction Charge.
Increase in regular premium amount is not allowed.
The minimum regular premiums amount is S$2,400 (Annual); S$1,200 (Semi-annual); S$600 (Quarterly); S$200 (Monthly). We reserve the right to revise the minimum premium amount any time at our discretion.
### 6.2. Top-Up
You may request to pay additional top-up premium on an ad-hoc basis, provided all regular premiums are paid when they fall due.
100% of top-up premium less premium charge will be used to purchase units in ILP sub-funds that you have chosen at bid price. Premium charge is 5% of the top-up premium.
The minimum top-up premium is S$1,000. We reserve the right to revise the minimum top-up premium amount any time at our discretion.
As an example, the number of units in an ILP sub-fund you will receive based on a top-up premium amount of S$1,000 and at a notional bid price of S$1.00:
| Top-up Premium Amount | x | Top-up Premium Charge Rate (Net of Premium Charge) | ÷ | Bid Price | = | Number of Units |
| --- | --- | --- | --- | --- | --- | --- |
| S$1,000 | x | (100% - 5%) | ÷ | S$1.00 | = | 950 |
### 6.3. Full Surrender
[p.12] You may surrender your policy at any time by written notice to us, for its surrender value.
The surrender value of your policy is the policy value less full surrender charge. The full surrender charge is as set out in Section 5.6. on Fees and Charges section above.
The following example illustrates the amount of redemption proceeds that you will receive based on a redemption of 1,000 regular premium units, at a notional bid price of S$1.00 and a surrender charge of 100%:
| Number of Units to be Redeemed | X | Bid Price | = | Gross Redemption Proceeds | - | Surrender Charge (100%) | = | Net Redemption Proceeds |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1,000 | X | S$1.00 | = | S$1,000 | less | S$1,000 | = | S$0 |
The following example illustrates the amount of redemption proceeds that you will receive based on a redemption of 1,000 regular premium units, at a notional bid price of S$1.00 and a surrender charge of 70%:
| Number of Units to be Redeemed | X | Bid Price | = | Gross Redemption Proceeds | - | Surrender Charge (70%) | = | Net Redemption Proceeds |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1,000 | X | S$1.00 | = | S$1,000 | less | S$700 | = | S$300 |
### 6.4. Partial Withdrawal
After you have paid the 3rd annual / 6th semi-annual / 12th quarterly / 36th monthly regular premium, you may request to make a partial withdrawal from your policy value subjected to partial withdrawal charge as set out in Section 5.7. on Fees and Charges above.
The minimum withdrawal amount is S$1,000 and the policy value after withdrawal must be at least S$10,000. We reserve the right to revise the minimum withdrawal amount and minimum policy value any time at our discretion.
### 6.5. Fund Switching
You may instruct us to switch all or any of the units of one ILP sub-fund to units of another ILP sub-fund(s) offered under the policy.
The minimum total switch amount is S$50. However, this minimum switch amount requirement is waived in respect of units switched out from AIA S$ Money Market Fund only and provided that all such units are switched out.
Further details may be obtained in the Section on "Fund Switch" in your policy contract.
### 6.6. Automatic Fund Switching
You may instruct us to automatically switch your investments in the AIA S$ Money Market Fund to other specified ILP sub-fund(s) on a regular basis (i.e. monthly or quarterly basis), subject to our terms and conditions.
The minimum total amount to switch periodically is S$50. The minimum initial balance in AIA S$ Money Market Fund is S$1,000.
Further details may be obtained in the section on "Automatic Fund Switch" in the policy contract.
### 6.7. Automatic Fund Re-Balancing
You may also opt for the Automatic Fund Re-balancing feature to have your holdings in different ILP-sub funds automatically rebalance on a regular basis to conform to pre-specified fund allocations (subject to our terms and conditions).
We shall re-balance your funds in accordance with such changes in re-balancing subsequent to the date on which your request is received and accepted by us. We will not, however, effect any switches (whether in or out of an ILP sub-fund) of lesser than S$50 or 1% of the policy value (whichever is lower).
Further details may be obtained in the section on "Automatic Fund Re-balancing" in the policy contract.
## 7. Other Material Information (Product)
### 7.1. Non-Payment of Regular Premium
#### If Premium Pass is applicable
[p.13] If the full amount of a regular premium is not paid by the premium due date, your policy will be deemed to have lapsed unless it has acquired a policy value that is sufficient to pay for all applicable fees and charges for your policy and premiums for the premium-paying supplementary agreements, in which case your policy's Premium Pass will be automatically activated and your Premium Pass Period shall commence on the first due date immediately following 65 days from the premium due date.
Upon activation of a Premium Pass, the premium frequency for your policy will automatically be changed to monthly mode. The amount of premiums for your policy (including any premiums for supplementary agreements) will be revised with the change in premium frequency. For the avoidance of doubt, the amount of regular premium payable for the basic policy is a direct proportion for all premium frequency modes. However, the premium for any attaching supplementary agreements is not a direct proportion of the annual / semi-annual / quarterly / monthly premium.
Premium Pass may be terminated at anytime by resuming payment of regular premium. Any unutilized Premium Pass at the end of the relevant IIP will no longer be applicable. Upon resumption of premium payment, premiums for your policy (including any premiums for supplementary agreements) will be payable by you each month. You may, however, instruct us to revert to your previous choice of premium payment frequency or such other frequency as you may elect, upon resumption of premium payment.
In the event that the regular premium remains unpaid after the Premium Pass Period, your policy shall be on Premium Holiday, and the Premium Holiday Charge shall additionally be payable.
#### If Premium Pass is not applicable
If the full amount of a regular premium is not paid by the premium due date, your policy will be deemed to have lapsed unless it has acquired a policy value that is sufficient to pay for all applicable fees and charges for your policy and premiums for the premium-paying supplementary agreements, in which case your policy shall be on Premium Holiday and Premium Holiday Charge shall additionally be payable.
Your policy will remain on Premium Holiday until you resume payment of the full amount of regular premiums or until your policy lapses, whichever occurs first. As long as your policy is not lapsed, you may resume paying your regular premium, subject to you meeting our terms and conditions imposed.
When your policy is on Premium Holiday or during Premium Pass Period, the premiums payable for any premium-paying supplementary agreements will be deducted by cancellation of units. When you resume payment of regular premiums, the premiums for any premium-paying supplementary agreements will resume to be payable by cash premium.
Back payments of regular premiums are not allowed.
#### Implication of Premium Holiday on Fees and Charges
During premium holiday, supplementary charge will not be imposed. Instead, a premium holiday charge will be imposed monthly.
Certain charges will extend well beyond the 10th / 15th / 20th policy year until the relevant regular premium has been paid to us. Such charges include but are not limited to, supplementary charge (if applicable), premium reduction charge, full surrender charge, partial withdrawal charge and premium holiday charge.
#### Example 1
[p.14] - This example is based on insured profile of 45 years old who pays $6,000 annual regular premium and selects IIP 10.
- Policyholder only pays the 1st annual premium.
- During premium holiday from 2nd policy year onwards, premium holiday charge is imposed.
At 8% illustrated investment rate of returns with 1.45% Fund Management Charge, the policy will lapse in 3rd policy year when policy value drops to 0.
| End of Policy Year | Regular Premium paid ($) | Supplementary Charge ($) | Premium Holiday Charge ($) | Policy Value ($) |
| --- | --- | --- | --- | --- |
| 1 | 6,000 | 253 | 0 | 6,445 |
| 2 | 0 | 0 | 6,000 | 670 |
| 3 (Lapse) | 0 | 0 | 670 | 0 |
At 4% illustrated investment rate of returns with 1.45% Fund Management Charge, the policy will lapse in 3rd policy year when policy value drops to 0.
| End of Policy Year | Regular Premium paid ($) | Supplementary Charge ($) | Premium Holiday Charge ($) | Policy Value ($) |
| --- | --- | --- | --- | --- |
| 1 | 6,000 | 249 | 0 | 6,206 |
| 2 | 0 | 0 | 6,000 | 287 |
| 3 (Lapse) | 0 | 0 | 287 | 0 |
#### Example 2
- This example is based on insured profile of 45 years old who pays $6,000 annual regular premium and selects IIP 10.
- Policyholder did not pay the 3rd, 4th and 5th annual premium. Hence, supplementary charges will only cease on 13th policy year (this coincides with the payment of the 10th annual regular premium).
- During premium holiday, premium holiday charge is imposed.
The following graph shows the differences in supplementary charges and premium holiday charges incurred due to premium holiday taken.
At 8% illustrated investment rate of returns with 1.45% Fund Management Charge:
| End of Policy Year | Regular Premium paid ($) | Supplementary Charge ($) | Premium Holiday Charge ($) |
| --- | --- | --- | --- |
| 1 | 6,000 | 253 | 0 |
| 2 | 6,000 | 520 | 0 |
| 3 | 6,000 | 798 | 0 |
| 4 | 6,000 | 1,057 | 0 |
| 5 | 6,000 | 1,323 | 0 |
| 6 | 6,000 | 1,595 | 0 |
| 7 | 6,000 | 1,873 | 0 |
| 8 | 6,000 | 2,157 | 0 |
| 9 | 6,000 | 2,448 | 0 |
| 10 | 6,000 | 2,758 | 0 |
| 11 | 6,000 | 0 | 0 |
| TOTAL | 66,000 | 14,782 | 0 |
Total supplementary charge and premium holiday charge of $14,782 deducted over 10 policy years
| End of Policy Year | Regular Premium paid ($) | Supplementary Charge ($) | Premium Holiday Charge ($) |
| --- | --- | --- | --- |
| 1 | 6,000 | 253 | 0 |
| 2 | 6,000 | 520 | 0 |
| 3 | 0 | 0 | 1,800 |
| 4 | 0 | 0 | 1,800 |
| 5 | 0 | 0 | 1,800 |
| 6 | 6,000 | 668 | 0 |
| 7 | 6,000 | 925 | 0 |
| 8 | 6,000 | 1,187 | 0 |
| 9 | 6,000 | 1,456 | 0 |
| 10 | 6,000 | 1,730 | 0 |
| 11 | 6,000 | 2,012 | 0 |
| 12 | 6,000 | 2,299 | 0 |
| 13 | 6,000 | 2,605 | 0 |
| 14 | 6,000 | 0 | 0 |
| TOTAL | 66,000 | 13,655 | 5,400 |
Total supplementary charge and premium holiday charge of $19,055 deducted over 13 policy years
At 4% illustrated investment rate of returns with 1.45% Fund Management Charge:
[p.15]
| End of Policy Year | Regular Premium paid ($) | Supplementary Charge ($) | Premium Holiday Charge ($) |
| --- | --- | --- | --- |
| 1 | 6,000 | 249 | 0 |
| 2 | 6,000 | 501 | 0 |
| 3 | 6,000 | 754 | 0 |
| 4 | 6,000 | 980 | 0 |
| 5 | 6,000 | 1,202 | 0 |
| 6 | 6,000 | 1,421 | 0 |
| 7 | 6,000 | 1,637 | 0 |
| 8 | 6,000 | 1,849 | 0 |
| 9 | 6,000 | 2,058 | 0 |
| 10 | 6,000 | 2,276 | 0 |
| 11 | 6,000 | 0 | 0 |
| TOTAL | 66,000 | 12,927 | 0 |
Total supplementary charge and premium holiday charge of $12,927 deducted over 10 policy years
| End of Policy Year | Regular Premium paid ($) | Supplementary Charge ($) | Premium Holiday Charge ($) |
| --- | --- | --- | --- |
| 1 | 6,000 | 249 | 0 |
| 2 | 6,000 | 501 | 0 |
| 3 | 0 | 0 | 1,800 |
| 4 | 0 | 0 | 1,800 |
| 5 | 0 | 0 | 1,800 |
| 6 | 6,000 | 570 | 0 |
| 7 | 6,000 | 798 | 0 |
| 8 | 6,000 | 1,022 | 0 |
| 9 | 6,000 | 1,243 | 0 |
| 10 | 6,000 | 1,461 | 0 |
| 11 | 6,000 | 1,674 | 0 |
| 12 | 6,000 | 1,885 |
---
### https://lifeinsurance.com.sg/api/product/aia/pro-lifetime-protector-ii/summary.md
# AIA Pro Lifetime
Protector (II)
**Insurer:** AIA Singapore (AIA Singapore Private Limited)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/201106386R/WA_Sum_201106386R_PLP(II)_Oct2024.pdf
## Source wording
- **Effective from:** 2024-10-01
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/201106386R/WA_Sum_201106386R_PLP(II)_Oct2024.pdf
- **PDF sha256:** `ed058dd59d88bb448fe852ee7c5966d58151b35c540bee94a038929a4fbb73be`
- **Extraction confidence:** verified
## Extracted facts
### free look
```json
{
"period_days": 14,
"source_page": 4,
"refund_basis": "the insurer will refund you the premiums you have paid without interest, in accordance with the insurer's prevailing premium refund formula and after making the necessary adjustments on the following: (i) any change in the market value of the underlying assets of the fund chosen by you as at the valuation day immediately following the date of our receipt of your request; and (ii) less any medical fees and other expenses, such as payments for medical check-ups and medical reports incurred by the insurer."
}
```
### exclusions
```json
[
{
"text": "if the Insured, regardless of sanity, commits suicide within one year from the issue date or reinstatement date of the policy, whichever is later; our liability shall be limited to 100% of the policy value.",
"source_page": 4
},
{
"text": "any material misrepresentation or concealment during the 2-year period beginning from the issue date or reinstatement date of the policy, whichever is later; our liability shall be limited to 100% of the policy value.",
"source_page": 4
},
{
"text": "fraud at any time; our liability shall be limited to 100% of the policy value.",
"source_page": 4
}
]
```
### cash values
```json
{
"has_cash_value": true,
"non_guaranteed_bonus": {
"available": false
},
"guaranteed_surrender_value": {
"basis": "Policy value less full surrender charge (75% in year 1, 50% in year 2, 0% year 3 and above). Surrender Charge = Surrender Charge Factor x Regular Premium Policy Value.",
"available": true,
"source_page": 3
}
}
```
### policy loan
```json
{
"available": false
}
```
### grace period
```json
{
"days": 30,
"source_page": 4
}
```
### product type
```json
"investment-linked"
```
### policy basics
```json
{
"minimum_sum_assured": {
"amount": 25000,
"currency": "SGD",
"source_page": 3
},
"maximum_coverage_age": {
"basis": "as-stated",
"years": 100,
"source_page": 1
}
}
```
### premium terms
```json
{
"cpf_eligible": {
"srs": false,
"notes": "This plan is available using cash only.",
"source_page": 1,
"special_account": false,
"ordinary_account": false
},
"payment_modes": [
"annual",
"semi-annual",
"quarterly",
"monthly"
],
"minimum_premium": {
"amount": 100,
"currency": "SGD",
"source_page": 3
},
"premium_term_options": [
{
"label": "Regular premium (whole-of-life pay)",
"description": "AIA Pro Lifetime Protector (II) is a regular premium investment-linked policy that is designed to offer you the flexibility to choose the level of investment and protection cover that suits your needs.",
"source_page": 1
}
]
}
```
### reinstatement
```json
{
"conditions": "If the policy has lapsed due to unit depletion and has not been surrendered for its cash surrender value, the policy may be reinstated within 5 years from the date that the policy is lapsed, subject to satisfaction of our terms and conditions. For reinstatement you will not be required to back-pay, and we will not accept any payment for past regular premiums that were due during the lapsed period of the policy.",
"source_page": 4,
"window_years": 5
}
```
### non forfeiture
```json
{
"paid_up": {
"text": "Not described in the policy text.",
"available": false
},
"source_page": 4,
"extended_term": {
"text": "Not described in the policy text.",
"available": false
},
"automatic_premium_loan": {
"text": "Not described in the policy text.",
"available": false
}
}
```
### suicide clause
```json
{
"source_page": 4,
"payout_within_period": "Our liability under the policy shall be limited to 100% of the policy value in case of the following: (i) if the Insured, regardless of sanity, commits suicide within one year from the issue date or reinstatement date of the policy, whichever is later.",
"exclusion_period_months": 12
}
```
### document metadata
```json
{
"wording_version": "Product Summary Version 2.0",
"product_full_name": "AIA Pro Lifetime Protector (II)",
"insurer_legal_entity": "AIA Singapore Private Limited (Reg. No. 201106386R)"
}
```
---
*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.*
---
### https://lifeinsurance.com.sg/api/product/aia/pro-lifetime-protector-ii/wording.md
# AIA Pro Lifetime Protector (II) Product Summary Version 2.0
[p.1]
AIA Singapore Private Limited (Reg. No. 201106386R)
1 Robinson Road, AIA Tower, Singapore 048542
AIA Customer Care Hotline: 1800 248 8000
AIA.COM.SG
To help you understand Investment-linked policies better, please refer to 'Your Guide To Investment-Linked Insurance Plans' (YGILIP), which can be found at www.aia.com.sg or www.lia.org.sg. YGILIP is also available from your AIA Financial Services Consultant or Insurance Representatives.
## 1. Provider of the Plan
AIA Singapore Private Limited (Reg. No. 201106386R) ("we, our, us, AIA Singapore")
1 Robinson Road
AIA Tower
Singapore 048542
## 2. Nature & Objective of the Plan
AIA Pro Lifetime Protector (II) is a regular premium investment-linked policy that is designed to offer you the flexibility to choose the level of investment and protection cover that suits your needs. Depending on your level of priority for protection and wealth accumulation, you have the flexibility to choose between 2 different Death Benefit Options which will determine the payout in the event of death of the Insured.
To enhance your insurance coverage, you may select from our wide range of optional benefits such as protection for critical illnesses at multi stages, total and permanent disability and premium waiver riders to meet your needs. In addition, it offers a wide range of investment-linked sub-funds ("ILP sub-funds) which you could best use to personalise your investment strategy to reap potential attractive returns.
This plan is available using cash only.
## 3. Benefits Under the Plan
You will be entitled to the following benefits under the policy:
### 3.1. Death Benefit:
In the event of death of the Insured, we will pay the Death Benefit according to the Death Benefit Option you have elected:
#### (A) Plus
The Death Benefit payable is the total of
(i) the Insured Amount AND
(ii) the policy value
less applicable fees and charges (if any).
#### (B) Max
The Death Benefit payable is the higher of the following:
(i) the Insured Amount plus total top-up premiums less total withdrawals; OR
(ii) the policy value
less applicable fees and charges (if any).
The Benefit Option cannot be altered once the policy has been issued.
### 3.2. Option to Increase Insured Amount upon Milestone Events:
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You may increase the Insured Amount under your basic policy without full underwriting on the Insured's health upon the occurrence of any of the following milestone events taking place before the 60th birthday of the Insured:
1) 18th birthday of the Insured;
2) lawful marriage of the Insured;
3) birth of the Insured's legitimate child by the Insured or the Insured's lawfully wedded spouse;
4) death of the Insured's lawfully wedded spouse; or
5) adoption of a child through legal means by the Insured.
You may exercise the above-mentioned option:
(a) 12 months after the issue date or reinstatement date of your basic policy, whichever is later;
(b) within 6 months from the date of occurrence of the milestone event (subject to our receipt of satisfactory supporting documents);
(c) provided all premiums due on your policy including all supplementary agreements (if any) are fully paid up to date;
(d) other conditions and requirements including but not limited to financial underwriting and customer due diligence have been met; and
(e) provided your basic policy including all supplementary agreements (if any) is issued with no loading, special condition(s) or exclusion(s).
The maximum increase in the Insured Amount for each exercise of this option is the lower of:
(aa) S$100,000; or
(bb) 50% of the original Insured Amount of your basic policy as specified in your policy schedule.
This option may be exercised up to a maximum of 2 times provided always that the aggregate increases in Insured Amount shall not exceed S$200,000 in relation to the same or all similar options pertaining to increases in insured amounts for death benefits on the same Insured under: (a) your basic policy; and (b) all other policies (including supplementary agreements and endorsements) issued by us. Other provisions may apply in relation to the increased quantum of the Insured Amount (such as a waiting period for health conditions that develop prior to the issuance of the endorsement for the increased quantum) and such provisions shall be set out in the said endorsement.
It is further provided that at each time this option is exercised (and coverage is expressly excluded for any conditions arising from or related to the following in respect of the increased quantum of the Insured Amount) as determined by us at our sole and absolute discretion:
(i) the Insured must not be suffering from TPD, or have been diagnosed with any stage of critical illness; and
(ii) no claim for TPD, or any stage of critical illness, has been submitted in respect of the Insured, under any policy (including supplementary agreements and endorsements) issued by us.
For the avoidance of doubt:
(ia) if the Insured had been suffering from TPD, was diagnosed with any stage of critical illness, or made a claim for TPD or any stage of critical illness under any policy issued by us prior to the exercise of this "Option to Increase Insured Amount upon Milestone Events" benefit, as determined by us at our sole and absolute discretion, then regardless of anything to the contrary, the endorsement issued in respect of such increased Insured Amount ("Revised Plan") shall be void and no cover shall apply in relation to the Revised Plan;
(ib) TPD and critical illnesses are not covered under your Basic Policy (including the Prior Plan and the Revised Plan), regardless whether such disability or critical illness had developed during the Prior Plan, Revised Plan or otherwise; and
(ic) any pre-existing conditions (including physical impairment, illness or disease) that was not covered under the Prior Plan will continue to be excluded under the Revised Plan.
#### (A) Plus
You may exercise this option to increase the Insured Amount, subject to our terms and conditions including but not limited to our maximum Insured Amount requirements.
#### (B) Max
You may exercise this option to increase the Insured Amount under your basic policy, provided always that the Insured Amounts for certain supplementary agreements attached to your basic policy are increased by an equal amount, and subject to our terms and conditions including but not limited to our maximum Insured Amount requirements.
We reserve the right to change the terms and conditions and/or the limit under this option at any time in our absolute discretion.
### 3.3. Special Bonus:
While this basic policy is in force, additional 2% of regular premiums will be given as special bonus to your basic policy from 10th annual / 19th semi annual / 37th quarterly / 109th monthly regular premiums paid onwards.
### 3.4. Maturity Benefit:
When your policy matures, we will pay you the policy value, less applicable fees and charges (if any). Your policy matures at Insured's age 100 and will automatically terminate on the maturity date.
Please note that the policy value depends on the prices of the units of the ILP sub-funds which may fluctuate, and your policy value is therefore not guaranteed. The Policy will terminate whenever the policy value is zero or negative unless the No Lapse Privilege as described in section 7.2 is in effect.
## 4. Subscription of Units
### 4.1. Regular Premiums
100% of Regular Premium less Premium Charge will be used to purchase regular premium units at bid price in the ILP sub-fund that you have chosen.
If you did not pay regular premium on the premium due date or your policy had terminated and was subsequently reinstated, upon your resumption of premium payments, the applicable Premium Charge will continue from the rate that applies to the regular premium due immediately after the last regular premium paid to and accepted by us.
### 4.2. Top-Up Premium
100% of Top-Up Premium less Premium Charge will be used to purchase top-up premium units at bid price in the ILP sub-fund that you have chosen.
### 4.3. Special Bonus
Additional 2% of regular premiums will be paid to your basic policy as regular premium units from 10th annual / 19th semi annual / 37th quarterly / 109th monthly regular premiums paid onwards.
## 5. Fees and Charges
### 5.1. Premium Charge
We will deduct a premium charge upon your payment of premium and the remaining amount will then be used to purchase units of your selected funds. The premium charge is calculated by multiplying the premium paid by the charge as set out below:
#### (a) Regular Premiums
| Number of Full Regular Premiums paid to and accepted by us | Premium Charge (% of Regular Premium) |
|---|---|
| Annual | Semi-annual | Quarterly | Monthly | |
| 1st | 1st – 2nd | 1st – 4th | 1st – 12th | 80% |
| 2nd | 3rd – 4th | 5th – 8th | 13th – 24th | 55% |
| 3rd | 5th – 6th | 9th – 12th | 25th – 36th | 50% |
| 4th | 7th – 8th | 13th – 16th | 37th – 48th | 8% |
| 5th & above | 9th & above | 17th & above | 49th & above | 0% |
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#### (b) Top-up Premiums
The Premium Charge deducted shall be an amount of 5% of each Top-Up Premium.
The following fees and charges are deducted by cancelling units at bid price.
### 5.2. Premium Holiday Charge
For Premium Holiday during first 2 policy years, a Premium Holiday Charge of S$50 will be charged on monthly basis. This charge will be stopped once you resume the premium payment.
### 5.3. Full Surrender Charge
If you request to surrender your policy during the first 2 years, full surrender charge will be deducted from your policy value and any remaining policy value will then be paid out.
| Policy Year | Surrender Charge Factor |
|---|---|
| 1 | 75% |
| 2 | 50% |
| 3 & above | 0% |
Surrender Charge = Surrender Charge Factor x Regular Premium Policy Value
### 5.4. Policy Fee
A flat fee of S$5 is chargeable on a monthly basis.
### 5.5. Benefit Charge
Benefit Charge will be deducted on a monthly basis to provide for insurance cover, even during Premium Holiday. Benefit Charge is calculated by multiplying the applicable monthly Benefit Charge rate with the Sum-at-Risk, of which is depending on the Benefit Option you chose upon policy issuance:
#### (A) Plus
Sum-at-Risk = Insured Amount
#### (B) Max
Sum-at-Risk = Insured Amount + total top-up premiums – total withdrawals – policy value
Benefit Charge = Applicable Monthly Benefit Charge Rate x Sum-at-Risk
If the Sum-at-Risk is zero or negative in a given month, no Benefit Charge is payable for that month.
A 50% reduction of such monthly benefit charge is given in the first policy year.
Additionally, a 5% or 8% reduction of such monthly benefit charge is given if the Insured Amount of your basic policy is equal to or more than S$120,000 or S$250,000 respectively.
Please refer to Appendix A for the Annual Benefit Charge Schedule for Death Benefit that are applied according to the Insured's attained age, sex and smoking status for a standard life. The Benefit Charge will be revised for a life which is subject to extra mortality rating.
### 5.6. Fund Management Charge
The fees and charges payable through deduction from the net asset value of each ILP sub-fund are set out in the AIA Investment Fund Product Summary.
## 6. Policy Options and Flexibilities
### 6.1. Vary Insured Amount
You can enjoy the flexibility to vary your insured amount at any time. Depending on the amount of adjustment, you may have to adjust the regular premium as well. The minimum requested change in the insured amount is S$5,000.
#### (a) Increase in insured amount
You may increase the insured amount, subject to our underwriting and terms and conditions.
We will require full evidence of insurability satisfactory to us for any increase in the Insured Amount, except when the increase is due to exercising the "Option to Increase Insured Amount upon Milestone Events" benefit.
#### (b) Reduction in insured amount
(i) You may reduce the insured amount provided that it does not result in the reduction of Regular Premiums during the first 2 policy years, subject to our terms and conditions.
(ii) In the later part of your policy duration, should your financial liability be reduced, you have the option to reduce the insured amount to 5 times the annual regular premium amount while keeping your regular premium amount the same. This is subject to meeting a minimum of S$25,000 and the minimum policy durations, as set out below.
| Insured's Issue Age | Minimum Policy Duration |
|---|---|
| below 52 years | (i) After the policy has been in force for 20 years from the Policy Date; or (ii) On or after the policy anniversary following the Insured's 62nd birthday, whichever is earlier. |
| 52 years and above | After the policy has been in force for 10 years from the Policy Date. |
For any reduction in insured amount, the insured amount of the applicable supplementary benefit(s) will be reduced if it exceeds the maximum limit allowable by us.
### 6.2. Vary Regular Premium
You can enjoy the flexibility to vary your regular premium at no fees and charges.
The following minimum premium amounts will apply.
| Premium Type | Minimum Premium Amount |
|---|---|
| Regular Premiums | S$100 (Monthly); S$300 (Quarterly); S$600 (Semi-annual); S$1,200 (Annual) |
| | Subject to change when optional benefits are selected. |
#### (a) Increase in regular premium
Increase in regular premium amount is subjected to our terms and conditions including maximum premium amount requirements and maximum age allowed for increase in the amount of regular premium. The increment amount of regular premium will be treated as new premium for the purposes of applying the appropriate Premium Charge as set out above for the purchase of Regular Premium Units.
#### (b) Reduction in regular premium
Reduction in regular premium amount is only allowed after the end of the 2nd policy year, provided that the premiums for the first 2 policy years have been fully paid. Reduction of regular premium is subject to our terms and conditions including our minimum premium amount requirements.
We reserve the right to revise the minimum premium amount any time at our discretion. For sub-standard life, the minimum regular premiums is subject to changes.
Change in premium frequency is only allowed after the first policy year provided minimum premium amount is met.
### 6.3. Top-Up
You may request to pay additional top-up premium on an ad-hoc basis, provided all regular premiums are paid when they fall due.
100% of top-up premium less premium charge will be used to purchase of units in ILP sub-funds that you have chosen at bid price. Premium charge is 5% of the top-up premium.
The following minimum premium amounts will apply.
| Premium Type | Minimum Premium Amount |
|---|---|
| Top-Up Premiums | S$1,000 |
We reserve the right to revise the minimum top-up premium amount any time at our discretion.
As an example, the number of units in an ILP sub-fund you will receive based on a top-up premium amount of S$1,000 and at a notional bid price of S$1.00:
| Top-up Premium Amount | x | Top-up Premium Charge Rate (Net of Premium Charge) | ÷ | Bid Price | = | Number of Units |
|---|---|---|---|---|---|---|
| S$1,000 | x | (100% - 5%) | ÷ | S$1.00 | = | 950 |
### 6.4. Full Surrender
You may surrender your policy at any time by written notice to us, for its surrender value.
The surrender value of your policy is the policy value less full surrender charge as set out at Fees and Charges Section above.
The following example illustrates the amount of redemption proceeds that you will receive based on a redemption of 5,000 regular premium units, at a notional bid price of S$2.00 and a full surrender charge of 75% in the first policy year and 50% in the second policy year:
| | Number of Units to be Redeemed | X | Bid Price | = | Gross Redemption Proceeds | - | Surrender Charge | = | Net Redemption Proceeds |
|---|---|---|---|---|---|---|---|---|---|
| First policy year | 5,000 | X | S$2.00 | = | S$10,000 | less | S$7,500 (75%) | = | S$2,500 |
| Second policy year | 5,000 | X | S$2.00 | = | S$10,000 | less | S$5,000 (50%) | = | S$5,000 |
### 6.5. Partial Withdrawal
You may request to make a partial withdrawal from your policy value at any time after the end of the second policy year.
The minimum withdrawal amount is S$1,000 and the policy value after withdrawal must be at least S$1,000.
We reserve the right to revise the minimum withdrawal amount and minimum policy value any time at our discretion.
### 6.6. Fund Switching
You may instruct us to switch all or any of the units of one ILP sub-fund to units of another ILP sub-fund(s) offered under the policy.
The minimum total switch amount is S$50. However, this minimum switch amount requirement is waived in respect of units switched out from AIA S$ Money Market Fund only and provided that all such units are switched out.
Further details may be obtained in the Section on "Fund Switch" in your policy contract.
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### 6.7. Automatic Fund Switching
You may instruct us to automatically switch your investments in the AIA S$ Money Market Fund to other specified ILP sub-fund(s) on a regular basis (i.e. monthly or quarterly basis), subject to our terms and conditions.
The minimum total amount to switch periodically is S$50. The minimum initial balance in AIA S$ Money Market Fund is S$1,000.
Further details may be obtained in the section on "Automatic Fund Switch" in the policy contract.
### 6.8. Automatic Fund Re-balancing
You may also opt for the Automatic Fund Re-balancing feature to have your holdings in different ILP-sub funds automatically rebalance on a regular basis to conform to pre-specified fund allocations (subject to our terms and conditions).
We shall re-balance your funds in accordance with such changes in re-balancing subsequent to the date on which your request is received and accepted by us. We will not, however, effect any switches (whether in or out of an ILP sub-fund) of lesser than S$50 or 1% of the policy value (whichever is lower).
Further details may be obtained in the section on "Automatic Fund Re-balancing" in the policy contract.
## 7. Other Material Information (Product)
### 7.1. Non-Payment of Regular Premium
If the full amount of a regular premium is not paid by the premium due date, your policy will be deemed to have lapsed unless it has acquired a policy value that is sufficient to pay for all applicable fees and charges for your policy and premiums for the premium-paying supplementary agreements, in which case your policy shall be on Premium Holiday.
When your policy is on Premium Holiday, the premiums payable for any premium-paying supplementary agreements will be deducted by cancellation of units.
Your policy will remain on Premium Holiday until you resume payment of the full amount of regular premiums or until your policy lapses, whichever occurs first. As long as your policy is not lapsed, you may resume paying your regular premium, subject to you meeting our terms and conditions imposed. Back payments of regular premiums are not allowed. When you resume payment of regular premiums, the premiums for any premium-paying supplementary agreements will resume to be payable by cash premium.
### 7.2. No Lapse Privilege
Within the first 10 years from the start of your policy, your policy will not lapse in a given policy month, even if the policy value is insufficient to pay for all applicable fees and charges (including the Benefit Charge of any Unit Deducting Riders) provided that:
(i) all regular premiums are paid when they fall due; and
(ii) you have not withdrawn any regular premium units.
We will continue to deduct the applicable fees and charges from the policy value until such time the policy value is zero. If the policy value becomes zero, all outstanding fees and charges (including the Benefit Charge of any Unit Deducting Riders) shall continue to accrue and shall be payable by cancelling the appropriate number of Units at bid price from your policy on the relevant valuation day when there are units credited to your policy.
If any of the above criteria for the No Lapse Privilege is not satisfied, the No Lapse Privilege will terminate automatically and cannot be reinstated.
### 7.3. Free-look Period
After purchasing a life insurance policy, you have 14 days free-look period starting from the day you receive your policy documents to review the documents carefully. During this time, if you choose to cancel your policy, the insurer will refund you the premiums you have paid without interest, in accordance with the insurer's prevailing premium refund formula and after making the necessary adjustments on the following:
(i) any change in the market value of the underlying assets of the fund chosen by you as at the valuation day immediately following the date of our receipt of your request; and
(ii) less any medical fees and other expenses, such as payments for medical check-ups and medical reports incurred by the insurer.
This free-look period also applies to all supplementary agreements (if any).
If you opted for an electronic copy of your Policy, the 14-day free-look period will start when you receive our SMS or email notification, informing you that the policy contract documents are available for your viewing on our customer portal.
If we have posted your policy to you, the 14-day free-look period will start seven (7) days from the date we posted the policy.
If the policy was delivered to you by hand, the 14-day free-look period will start seven (7) days from the date on which the policy was given to the postal/courier company or your insurance representative.
For the avoidance of doubt, where a surrender request is made by you or received by us during the time indicated in the paragraphs above, such request will be processed under the free-look provision of your policy.
### 7.4. Reinstatement
If the policy has lapsed due to unit depletion and has not been surrendered for its cash surrender value, the policy may be reinstated within 5 years from the date that the policy is lapsed, subject to satisfaction of our terms and conditions.
For reinstatement you will not be required to back-pay, and we will not accept any payment for past regular premiums that were due during the lapsed period of the policy.
### 7.5. Termination
Your policy shall automatically terminate on the occurrence of the earliest of the following in accordance with the basic policy contract:
(i) upon our receipt of notification of the death of the Insured; or
(ii) upon full surrender of your policy; or
(iii) on the maturity date; or
(iv) upon your policy acquiring a zero or negative policy value on any given valuation day (save when the No Lapse Privilege as described in section 7.2 is in effect).
(v) upon payment of any supplementary benefit that fully accelerates or advances the payment of the Death Benefit.
### 7.6. Limitation of Benefit
Our liability under the policy shall be limited to 100% of the policy value in case of the following:
(i) if the Insured, regardless of sanity, commits suicide within one year from the issue date or reinstatement date of the policy, whichever is later; or
(ii) any material misrepresentation or concealment during the 2-year period beginning from the issue date or reinstatement date of the policy, whichever is later; or
(iii) fraud at any time.
## 8. Other Material Information (Funds)
### 8.1. Available ILP Sub-Funds
Please refer to AIA Investment Fund Product Summary for details on available ILP Sub-Funds. The risks specific to the ILP sub-funds are set out in the AIA Investment Fund Product Summary.
### 8.2. Pricing and Cut-off Times
Unit are issued on a forward pricing and pricing is done on a bid-bid basis.
The cut-off time for submission of applications and receipt of premiums is 2.00 p.m. (Singapore time) on each valuation day. Applications submitted or premiums received after the cut-off time will be transacted based on the bid price prevailing as at the next valuation day.
We reserve the right to revise any cut-off time any time at our discretion.
### 8.3. Obtaining Prices of Units
You may obtain the indicative bid prices of the units of the ILP sub-funds, from our corporate website at AIA.COM.SG.
Please note that all published and quoted prices do not represent the actual prices of the units of the ILP sub-funds issued or redeemed (as the case may be) on the day of publication or quotation since the units are usually priced on a forward-pricing basis. As the prices of the units are independently computed by an ILP sub-fund or its Manager, we do not take responsibility for their timeliness, accuracy or otherwise.
### 8.4. Top Up Application
We reserve the right to terminate or suspend the top-up premiums option at any time at our discretion. We shall not be responsible for any losses arising from or attributable to our decision to terminate or suspend the top-up premium option.
### 8.5. Suspension of Dealings
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We or the relevant Manager may at any time in relation to the relevant ILP sub-fund suspend the determination of the net asset value and the issue and redemption of the units during, and/or suspend payment in or out of such ILP sub-fund, extend the period for the payment of the redemption monies by the number of days comprised in, the whole or any part of a period:
(i) during which any stock exchange, commodities exchange, futures exchange or over-the-counter market on which a significant part of the relevant ILP sub-fund's or underlying fund's investments is quoted, listed, traded or dealt in is closed (other than customary weekend and holiday closing) or trading on any such stock exchange or market is restricted or suspended; or
(ii) when circumstances exist as a result of which in the opinion of the Manager it is not reasonably practicable for the relevant ILP sub-fund to dispose of investments or as a result of which any such disposal would be materially prejudicial to its policyholders; or
(iii) when a breakdown occurs in any of the means normally employed in ascertaining the value of investments or the net asset value or the issue and redemption price per unit of the relevant ILP sub-fund or when for any other reason the value of the relevant ILP sub-fund's investments or other assets of that ILP sub-fund cannot be reasonably or fairly ascertained; or
(iv) during which dealings in the units of an ILP sub-fund under the policy are suspended as provided for in the prospectus and constitutive documents of the ILP sub-fund or for any other reason, or during which the relevant ILP sub-fund is unable to repatriate funds for the purpose of making payments on the redemption of units or during which any transfer of funds involved in the redemption or acquisition of investments or payments due on redemption of units cannot in the opinion of the Managers be effected at normal rates of exchange; or
(v) for any period pursuant to an order or direction from the Monetary Authority of Singapore or any other relevant authorities;
(vi) during which the existence of any state of affairs is a result of act of God, changes in laws, regulations, government policies, taxation, currency or capital controls or political developments, restrictions in foreign investments imposed, breakdown in communication systems or by reason of any other act, matter or thing beyond our reasonable control which, in our opinion, may seriously prejudice the policy, require a suspension of dealings and/or valuation, or may substantially impair our conduct or ability to conduct our business activities.
You will be notified, as soon as reasonably practicable, of any such suspension, and the termination of such suspension, by means of a written notice. We may also defer the payment of benefits under the policy and postpone the transaction of any redemption request as provided for in the policy contract.
### 8.6. Soft Dollar Commissions/ Arrangements
We and the relevant Manager do not retain, for our own account, cash or commission rebates arising out of transactions for the ILP sub-funds whether executed in or outside Singapore.
We, the relevant Manager and the fund managers of the underlying funds ("underlying fund manager") shall be entitled to receive soft-dollar commissions/arrangements in respect of the relevant ILP sub-fund or the respective underlying funds. Soft-dollar commissions/arrangements do not include travel, accommodation, entertainment, general administrative goods and services, general office equipment or premises, membership fees, employees' salaries or direct money payment.
We, the relevant Manager and the underlying fund manager will comply with applicable regulatory and industry standards on soft-dollars.
The soft-dollar commissions which we, the relevant Manager and underlying fund manager may receive include specific advice as to the advisability of dealing in, or the value of any investments, research and advisory services, economic and political analyses, portfolio analyses including valuation and performance measurements, market analyses, data and quotation services, computer hardware and software or any other information facilities to the extent that they are used to support the investment decision making process, the giving of advice, or the conduct of research or analysis, and custodial service in relation to the investments managed for clients.
We, the relevant Manager and underlying fund manager will not accept or enter into soft-dollar commissions/arrangements unless soft-dollar commissions/ arrangements would, in our opinion and the opinion of the relevant Manager and/or the underlying fund manager, reasonably assist us, the relevant Manager and/or the underlying fund manager in our management of the relevant ILP sub-fund and the respective underlying funds, provided that (a) we, the relevant Manager and the underlying fund manager shall ensure at all times that transactions are executed on the best available terms taking into account the relevant market at the time for transactions of the kind and size concerned, and (b) no unnecessary trades are entered into in order to qualify for such soft-dollar commissions/arrangements.
Please refer to the AIA Investment Fund Product Summary for details on soft-dollars commission currently received and/or soft-dollar arrangements entered into by the Managers in respect of the underlying funds.
### 8.7. Conflicts of Interest
Where we issue other investment-linked policies and where the relevant Manager manages funds other than the ILP sub-funds under the policy, we and the Managers may from time to time have to deal with competing or conflicting interests between the policy and such other investment-linked policies issued by us or between the relevant ILP sub-fund and such other funds managed by the Manager (as the case may be). For example, we or the Manager may make a decision on behalf of an investment-linked policy or one fund (as the case may be) without making the same decision on behalf of any other investment-linked policies or funds, as a decision whether or not to make the same decision in respect of the investment-linked policies and funds depends on many other factors, for example the investment or sale for any fund depends on factors such as the cash availability and portfolio balance of such funds. However, we and the Managers will use our reasonable endeavours at all times to act fairly in respect of all investment-linked policies issued by us and all funds managed by the relevant Manager and to balance the interests of the policy and the relevant ILP sub-funds thereunder.
We are currently the issuer of other investment-linked policies and the Managers manage other funds in addition to the relevant ILP sub-funds.
We will conduct all transactions with or for the policy and the Managers will conduct all transactions with or for the relevant ILP sub-fund on an arm's length basis.
We, or our affiliates or the relevant Manager and its affiliates (together the "parties") are or may be involved in other financial, investment and professional activities which may on occasion cause conflict of interest with the policy and the other investment-linked policies issued by us and the management of the relevant ILP sub-fund and the other funds managed by us. Each of the parties will ensure that the performance of their respective duties will not be impaired by any such involvement. In the event a conflict of interest does arise, the parties will endeavour to ensure that it is resolved as quickly as possible and as far as possible, in your interest or as otherwise as equitably as possible.
We and the Managers may own, hold, dispose or otherwise deal with units in the relevant ILP sub-fund in its own capacity. In the event of any conflict of interest arising as a result of such dealing, we and the Manager (as the case may be) will resolve such conflict in a just and equitable manner as we deem fit.
We and the Managers shall conduct all transactions with or for the ILP sub-funds at arm's length.
### 8.8. Reports
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The financial year end is 31 December. We will send you statements within thirty (30) days after each policy anniversary. We will also send you semi-annual reports and annual audited reports of each of your ILP sub-funds within 2 months and 3 months respectively from the last date of the period to which the reports relate. The latest semi-annual reports and annual audited reports in relation to each ILP sub-fund may be obtained at AIA Tower, 1 Robinson Road Singapore 048542 or you may visit our website at AIA.COM.SG
The Auditor for the ILP sub-funds is PricewaterhouseCoopers of 7 Straits View, Marina One East Tower, Level 12, Singapore 018936.
### 8.9. Tax Considerations
You should consult your own professional advisers as to the implications of buying, holding or disposing of units and to the provisions of the laws of the jurisdiction in which you are subject to tax.
### 8.10. ILP Sub-Fund Valuation
You may contact us or your AIA Financial Services Consultant or Insurance Representative or refer to the policy contract for details on the valuation of each ILP sub-fund.
## 9. Risk
Investment in the policy is meant to produce returns over the long-term. You should not purchase this policy with the aim of achieving short-term gains. The performance of the ILP sub-fund(s) is not guaranteed and the value of the units in the ILP sub-fund(s) and the income accruing to the units, if any, may fall or rise. This will affect the policy value which is not guaranteed. Past performance is not an indicator of future performance. You should realise that a possible loss of your premiums cannot be ruled out.
## 10. Important Notes
- AIA Pro Lifetime Protector (II) is an investment-linked policy (ILP) offered by AIA Singapore, which invests in ILP sub- fund(s). Investments in this plan are subject to investment risks including the possible loss of the principal amount invested. The performance of the ILP sub-fund(s) is not guaranteed and the value of the units in the ILP sub-fund(s) and the income accruing to the units, if any, may fall or rise. Past performance are not necessarily indicative of the future performance of the ILP sub-fund(s). You should seek advice from an AIA Financial Services Consultant or Insurance Representative and read the product summary and product highlights sheet(s) before deciding whether the product is suitable for you.
- This insurance plan is underwritten by AIA Singapore. All insurance applications are subject to our underwriting and acceptance. Submission of an application and payment of premium does not constitute and should not be construed as acceptance by us. We reserve the right to withdraw the plan or reject applications at any time or for any reason without notice.
- This product summary does not form a part of any contract of insurance. It is intended only to be a simplified description of the product features applicable to this plan and is not exhaustive. The contents of this product summary may vary from the terms of cover eventually issued. Please refer to the actual policy contract for all terms and conditions, including exclusions whereby the benefits under your policy may not be paid out. You are advised to read the policy contract. For the avoidance of doubt, only the terms and conditions as set out in the policy contract will bind the parties.
- 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. You should consider carefully before terminating the policy or switching to a new one as there may be disadvantages in doing so. The new policy may cost more or have fewer benefits at the same cost.
- The fees and charges set out herein are not guaranteed. We reserve the right upon prior notification of not less than 1 month in writing to you, to vary the fees and charges set out in the policy, or to introduce new fees or charges and the manner in which such fees and charges may be imposed from time to time, up to, where applicable, the maximum limits stated.
- We reserve the right to terminate or suspend the partial withdrawal, automatic fund switch, and automatic fund rebalancing facilities at our discretion. We shall not be responsible for any losses whatsoever arising from or attributable to our decision to suspend or terminate these facilities.
- We will not be liable for any changes in the price of the units of the relevant ILP sub-funds from the time of receipt of your instructions to redeem or switch until the time of redemption or switch of the units, or for the failure or refusal of a ILP sub-fund or its manager to process the subscription and/or redemption of units (as the case may be).
---
# APPENDIX A – Annual Benefit Charge Schedule for Death Benefit
[p.13]
Current annual Benefit Charge per S$1,000 Sum-at-Risk for Death Benefit
| Age | Male Smoker | Male Non-Smoker | Female Smoker | Female Non-Smoker |
|---|---|---|---|---|
| 0 | 0.43 | 0.43 | 0.43 | 0.43 |
| 1 | 0.43 | 0.43 | 0.43 | 0.43 |
| 2 | 0.43 | 0.43 | 0.43 | 0.43 |
| 3 | 0.43 | 0.43 | 0.43 | 0.43 |
| 4 | 0.43 | 0.43 | 0.43 | 0.43 |
| 5 | 0.43 | 0.43 | 0.43 | 0.43 |
| 6 | 0.43 | 0.43 | 0.43 | 0.43 |
| 7 | 0.43 | 0.43 | 0.43 | 0.43 |
| 8 | 0.43 | 0.43 | 0.43 | 0.43 |
| 9 | 0.43 | 0.43 | 0.43 | 0.43 |
| 10 | 0.46 | 0.46 | 0.46 | 0.46 |
| 11 | 0.55 | 0.55 | 0.55 | 0.55 |
| 12 | 0.63 | 0.63 | 0.63 | 0.63 |
| 13 | 0.63 | 0.63 | 0.63 | 0.63 |
| 14 | 0.63 | 0.63 | 0.63 | 0.63 |
| 15 | 0.63 | 0.63 | 0.63 | 0.63 |
| 16 | 0.63 | 0.63 | 0.63 | 0.63 |
| 17 | 0.63 | 0.63 | 0.63 | 0.63 |
| 18 | 0.88 | 0.63 | 0.68 | 0.63 |
| 19 | 0.89 | 0.63 | 0.68 | 0.63 |
| 20 | 0.90 | 0.63 | 0.68 | 0.63 |
| 21 | 0.91 | 0.63 | 0.68 | 0.63 |
| 22 | 0.92 | 0.63 | 0.68 | 0.63 |
| 23 | 0.93 | 0.63 | 0.68 | 0.63 |
| 24 | 0.94 | 0.63 | 0.68 | 0.63 |
| 25 | 0.96 | 0.63 | 0.68 | 0.63 |
| 26 | 0.97 | 0.63 | 0.68 | 0.63 |
| 27 | 0.99 | 0.63 | 0.68 | 0.63 |
| 28 | 1.00 | 0.63 | 0.68 | 0.63 |
| 29 | 1.02 | 0.63 | 0.68 | 0.63 |
| 30 | 1.06 | 0.63 | 0.68 | 0.63 |
| 31 | 1.08 | 0.63 | 0.68 | 0.63 |
| 32 | 1.09 | 0.63 | 0.68 | 0.63 |
| 33 | 1.11 | 0.63 | 0.68 | 0.63 |
| 34 | 1.13 | 0.63 | 0.68 | 0.63 |
| 35 | 1.13 | 0.63 | 0.68 | 0.63 |
| 36 | 1.27 | 0.70 | 0.74 | 0.64 |
| 37 | 1.41 | 0.77 | 0.83 | 0.65 |
| 38 | 1.59 | 0.86 | 0.93 | 0.72 |
| 39 | 1.76 | 0.95 | 1.05 | 0.80 |
| 40 | 1.97 | 1.05 | 1.18 | 0.89 |
| 41 | 2.17 | 1.15 | 1.31 | 0.97 |
| 42 | 2.37 | 1.25 | 1.45 | 1.06 |
| 43 | 2.59 | 1.36 | 1.59 | 1.15 |
| 44 | 2.78 | 1.45 | 1.71 | 1.24 |
| 45 | 3.00 | 1.64 | 1.84 | 1.32 |
| 46 | 3.20 | 1.85 | 1.99 | 1.42 |
| 47 | 3.60 | 2.09 | 2.13 | 1.52 |
| 48 | 4.01 | 2.33 | 2.35 | 1.68 |
| 49 | 4.51 | 2.63 | 2.65 | 1.89 |
| 50 | 5.06 | 2.96 | 2.99 | 2.13 |
[p.14]
| Age | Male Smoker | Male Non-Smoker | Female Smoker | Female Non-Smoker |
|---|---|---|---|---|
| 51 | 5.66 | 3.33 | 3.39 | 2.42 |
| 52 | 6.47 | 3.84 | 4.07 | 2.91 |
| 53 | 7.60 | 4.54 | 4.84 | 3.48 |
| 54 | 8.87 | 5.34 | 5.75 | 4.14 |
| 55 | 9.81 | 5.97 | 6.47 | 4.68 |
| 56 | 10.77 | 6.63 | 7.21 | 5.24 |
| 57 | 11.69 | 7.28 | 7.94 | 5.80 |
| 58 | 12.62 | 7.95 | 8.71 | 6.40 |
| 59 | 13.49 | 8.63 | 9.46 | 7.00 |
| 60 | 14.43 | 9.37 | 10.26 | 7.66 |
| 61 | 15.52 | 10.21 | 11.18 | 8.40 |
| 62 | 16.75 | 11.17 | 12.14 | 9.19 |
| 63 | 18.35 | 12.40 | 13.18 | 10.04 |
| 64 | 21.12 | 13.71 | 14.35 | 11.01 |
| 65 | 23.97 | 15.46 | 15.70 | 12.13 |
| 66 | 26.65 | 17.09 | 17.19 | 13.39 |
| 67 | 29.28 | 18.87 | 18.88 | 14.84 |
| 68 | 31.80 | 20.82 | 20.77 | 16.49 |
| 69 | 34.49 | 22.94 | 22.86 | 18.34 |
| 70 | 37.37 | 25.27 | 25.15 | 20.38 |
| 71 | 40.43 | 27.81 | 27.62 | 22.55 |
| 72 | 43.68 | 30.58 | 30.24 | 24.89 |
| 73 | 47.11 | 33.58 | 33.00 | 27.38 |
| 74 | 50.75 | 36.86 | 35.89 | 30.03 |
| 75 | 54.85 | 40.42 | 38.99 | 32.92 |
| 76 | 59.23 | 44.30 | 42.35 | 36.08 |
| 77 | 63.85 | 48.49 | 45.95 | 39.54 |
| 78 | 68.75 | 53.04 | 49.83 | 43.32 |
| 79 | 73.92 | 57.95 | 53.99 | 47.44 |
| 80 | 79.37 | 63.26 | 58.47 | 51.93 |
| 81 | 85.11 | 69.00 | 63.86 | 57.36 |
| 82 | 91.11 | 75.17 | 70.74 | 64.28 |
| 83 | 97.40 | 81.81 | 77.89 | 71.38 |
| 84 | 103.93 | 88.94 | 85.98 | 79.50 |
| 85 | 110.71 | 96.57 | 93.33 | 87.10 |
| 86 | 119.29 | 106.13 | 101.51 | 95.61 |
| 87 | 128.39 | 116.57 | 110.48 | 105.06 |
| 88 | 140.41 | 129.28 | 121.48 | 116.64 |
| 89 | 155.00 | 144.76 | 134.85 | 130.78 |
| 90 | 166.14 | 157.44 | 145.99 | 142.54 |
| 91 | 180.24 | 173.37 | 160.02 | 157.29 |
| 92 | 196.98 | 192.38 | 176.72 | 174.89 |
| 93 | 209.93 | 206.64 | 188.92 | 188.23 |
| 94 | 224.77 | 222.99 | 203.52 | 203.52 |
| 95 | 237.78 | 237.78 | 217.44 | 217.44 |
| 96 | 257.33 | 257.33 | 235.76 | 235.76 |
| 97 | 278.58 | 278.58 | 255.69 | 255.69 |
| 98 | 299.59 | 299.59 | 275.48 | 275.48 |
| 99 | 318.29 | 318.29 | 293.20 | 293.20 |
---
# Product Summary for AIA Vitality Benefit on AIA Pro Lifetime Protector (II) (If membership is enrolled)
[p.15]
Version 1.0
AIA Vitality is a world leading wellness programme that works with you to make real change to your health. You may choose to sign up for AIA Vitality with your AIA Pro Lifetime Protector (II) to enjoy additional benefits. When the Insured signs up as an AIA Vitality member, or is an existing AIA Vitality member at the point of purchase, your policy provides you with an additional Vitality Status-dependent coverage in the form of a PowerUp Dollar, which is payable upon meeting certain criteria.
This product summary is meant to be read together with Product Summary for AIA Pro Lifetime Protector (II) and Product Summary for Optional Benefit of AIA Pro Lifetime Protector (II) (if optional benefit – Lifetime Critical Cover is selected).
## 1. PowerUp Dollar Entitlement
At policy inception, the Base PowerUp Dollar will be accorded to the policy if the Insured is an AIA Vitality member.
Base PowerUp Dollar = 10% of the insured amount
The PowerUp Dollar may increase or decrease at each policy anniversary depending on the Insured's Vitality status as at 45 days before each policy anniversary.
## 2. PowerUp Dollar Benefit
While the Policy and the AIA Vitality membership are still in force:
We will pay the prevailing PowerUp Dollar (if any) on either one of these events, whichever earlier:
(i) Upon death of the Insured; or
(ii) Upon occurrence of an insured event under a Supplementary Agreement which fully accelerates the death benefit; or
(iii) Upon maturity of the basic policy
There shall only be one (1) such payment made.
## 3. PowerUp Dollar Annual Adjustment
The PowerUp Dollar may increase or decrease at each policy anniversary depending on the Insured's Vitality status as at 45 days before each policy anniversary.
The annual adjustment is calculated by the amount of the Base PowerUp Dollar multiplied by the percentage of adjustment corresponding with the Insured's Vitality Status as follows, subject to PowerUp Dollar Limit:
### (a) Annual Adjustment of the PowerUp Dollar:
| Vitality Status | Percentage of Adjustment |
|---|---|
| Bronze | - 10% |
| Silver | - 5% |
| Gold | + 0% |
| Platinum | + 5% |
### (b) PowerUp Dollar is subjected to the following limits:
| Minimum | 0 |
|---|---|
| Maximum | 150% of Base PowerUp Dollar |
Whenever applicable, annual adjustment and limits of PowerUp Dollar set out herein are not guaranteed and may be subject to change in future upon prior notification of not less than 1 month in writing to you.
## 4. Cessation of PowerUp Dollar Adjustment
Regardless of Vitality Status, the PowerUp Dollar will stop being adjusted for the remaining duration of your policy on the later of the following:
(a) on the policy anniversary occurring on or immediately following the Insured's 75th birthday; or
(b) on the 15th policy anniversary of your basic policy.
## 5. Reinstatement
Upon policy reinstatement, PowerUp Dollar will be reinstated as well provided you maintain your AIA Vitality membership. It will take into account the adjustment to the PowerUp Dollar at each policy anniversary during the period that your policy was terminated.
## 6. Vitality Status
The Insured must remain a member of AIA Vitality to remain eligible for this PowerUp Dollar Benefit.
In the event that the insured not have a Vitality status 45 days before the policy anniversary due to any reason, including but not limited to where AIA Vitality membership has been terminated, PowerUp Dollar will be dropped to zero at the next Policy Anniversary and shall not be reinstated even if the Insured's Vitality Status is revived subsequently.
## 7. Termination
This PowerUp Dollar entitlement shall automatically terminate on the earliest occurrence of the following event:
(a) if your Basic Policy is terminated; or
(b) upon payment of PowerUp Dollar.
## 8. PowerUp Dollar Adjustment due to changes to the Insured Amount upon your Request
When you request to change the Insured Amount, the PowerUp Dollar will be changed to an amount as determined by us taking into account when such request was made.
The Base PowerUp Dollar and the maximum limit will also be revised accordingly.
## 9. PowerUp Dollar Adjustment due to changes to the Insured Amount upon Admission of a Claim
If the Insured Amount of your basic policy is reduced upon admission of a claim, only the Base PowerUp Dollar and the Maximum PowerUp Dollar limit will each be reduced accordingly, while the PowerUp Dollar will remain the same.
In such event, the PowerUp Dollar may exceed the revised maximum PowerUp Dollar Limit. During this period, there will be no upward adjustment to the PowerUp Dollar regardless of the Insured's Vitality Status but the PowerUp Dollar may decrease depending on the Insured's Vitality Status. Subsequently, should the PowerUp Dollar falls to or below the revised maximum PowerUp Dollar Limit, the revised maximum PowerUp Dollar Limit shall henceforth apply accordingly and the PowerUp Dollar Annual Adjustment will resume as per described in Section 3 above.
## 10. Additional PowerUp Dollar Entitlement due to Selection of Optional Benefits
### 10.1. Lifetime Critical Cover
[p.16]
By selecting Lifetime Critical Cover at the start of the policy inception, you will get additional PowerUp Dollar in the same manner as described in section 1, in accordance with the Prevailing Insured Amount under Lifetime Critical Cover. Such PowerUp Dollar will be treated in the same manner as described in section 2 to 8.
Where there is a medical condition benefit claim admitted under Lifetime Critical Cover:
#### (a) Medical Condition Benefit Claims - Angioplasty and Other Invasive Treatment for Coronary Artery
Clauses set out under section 9 in this product summary shall applies in accordance to the Prevailing Insured Amount.
#### (b) Medical Condition Benefit Claims - Others
The PowerUp Dollar will not be subjected to any future adjustments.
Such PowerUp Dollar will be terminated upon your request to terminate the Lifetime Critical Cover.
## 11. Important Notes
[p.17]
- All insurance applications are subject to our underwriting and acceptance. Submission of an application and payment of premium does not constitute and should not be construed as acceptance by us. We reserve the right to withdraw the plan or reject applications at any time or for any reason without notice.
- This product summary does not form a part of any contract of insurance. It is intended only to be a simplified description of the product features applicable to this benefit and is not exhaustive. The contents of this product summary may vary from the terms of cover eventually issued. Please refer to the actual endorsement for all terms and conditions, including exclusions whereby the benefits under your policy may not be paid out. You are advised to read the endorsement. For the avoidance of doubt, only the terms and conditions as set out in the endorsement will bind the parties.
- 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. You should consider carefully before terminating the policy or switching to a new one as there may be disadvantages in doing so. The new policy may cost more or have fewer benefits at the same cost.
---
### https://lifeinsurance.com.sg/api/product/aia/retirement-saver-iv/summary.md
# AIA Retirement Saver
(IV)
**Insurer:** AIA Singapore (AIA Singapore Private Limited)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/201106386R/WA_Sum_201106386R_RS4(LP)_Jul2025.pdf
## Source wording
- **Effective from:** 2025-07-01
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/201106386R/WA_Sum_201106386R_RS4(LP)_Jul2025.pdf
- **PDF sha256:** `c437ed9ea7fcca00f9d554d6b87e1e90527091a5f9ae41f3eb574983a8298e80`
- **Extraction confidence:** inferred
## Extracted facts
### free look
```json
{
"period_days": 14,
"source_page": 8,
"refund_basis": "the insurer 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 the insurer."
}
```
### exclusions
```json
[
{
"text": "If the Insured commits suicide within 1 year from the policy issue date or date of reinstatement (where applicable), whichever is later, our liability will be limited to a return of premiums paid without interest.",
"source_page": 4
},
{
"text": "You will not be able to exercise Premium Pass Option under this policy if: (a) you were not a Full-Time Employee immediately before your Involuntary Retrenchment; (b) you were self-employed or employed by your Immediate Family Member or a business owned by your immediate family member; (c) you and/or your Immediate Family Member (whether singly, jointly or in the aggregate) were in a position to exercise control or influence over the appointment and/or termination of employees by your employer; (d) the termination of your Full-Time Employment arose out of: i. retirement; ii. resignation; iii. termination or suspension due to your breach of the terms of employment, or your own misconduct or negligence; iv. your own wilful or deliberate misconduct or unlawful behaviour; v. severance or natural termination of any fixed term contract of employment or of an interim contract; vi. leave of absence whether paid or unpaid; vii. military discharge; viii. any voluntary forfeiture of income by you; ix. failure to continue employment upon completion of probation period; x. disability or injury due to any accident, sickness, pregnancy, childbirth or self destruction or any attempt threat, while sane or insane; xi. your inability to continue the employment due to the need to service in armed forces in the time of war, declared or undeclared, or while under orders for warlike operations or restoration of public order; xii. riot and civil commotion; xiii. strike or labour disputes; or xiv. any partial, seasonal or casual employment; (e) you had not worked for at least 6 consecutive months immediately prior to the Involuntary Retrenchment from Full-Time Employment; or (f) your loss of work relates to work as a self-employed person or independent contractor, and not termination from Full-Time Employment.",
"source_page": 4
}
]
```
### cash values
```json
{
"has_cash_value": true,
"non_guaranteed_bonus": {
"text": "Future dividends (including monthly and terminal dividend) are not guaranteed and are adjusted depending on the experience of the Participating Fund. This includes, the past, prevailing and projected future investment returns and other experience factors. In particular, investment returns can be volatile and we may vary dividends from time to time. As such, the actual dividends credited in a particular year could differ from previous projections or illustrations. In times of substantial decline in investment returns, we may reduce dividends significantly. Conversely, in times of substantial increases in investment returns, we may increase dividends to higher than those originally projected at the time of purchase of your policy.",
"available": true,
"bonus_types": [
"cash-dividend",
"terminal"
],
"source_page": 3,
"par_fund_name": "AIA Singapore Participating Fund"
},
"guaranteed_surrender_value": {
"basis": "Policy may be surrendered for its cash value (if any); guaranteed cash value referenced as floor for death benefit calculations; refer to Policy Illustration for values by policy year",
"available": true,
"source_page": 1
}
}
```
### product type
```json
"endowment"
```
### premium terms
```json
{
"premium_review_clause": {
"text": "The premium rates are guaranteed.",
"reviewable": false,
"source_page": 7
}
}
```
### suicide clause
```json
{
"source_page": 4,
"payout_within_period": "If the Insured commits suicide within 1 year from the policy issue date or date of reinstatement (where applicable), whichever is later, our liability will be limited to a return of premiums paid without interest.",
"exclusion_period_months": 12
}
```
### document metadata
```json
{
"wording_version": "Ver. 5.0",
"product_full_name": "AIA Retirement Saver (IV) – Limited-Pay",
"insurer_legal_entity": "AIA Singapore Private Limited (Reg. No. 201106386R)"
}
```
---
*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.*
---
### https://lifeinsurance.com.sg/api/product/aia/retirement-saver-iv/wording.md
# Product Summary for AIA Retirement Saver (IV) – Limited-Pay
Ver. 5.0
[p.1]
To help you understand Life Participating Insurance policies better, please refer to 'Your Guide To Participating Policies' (YGTPP), which can be found at www.aia.com.sg or www.lia.org.sg. YGTPP is also available from your AIA Financial Services Consultant, your Financial Adviser or their representatives.
## 1. Provider of the Plan
AIA Singapore Private Limited (Reg. No. 201106386R) ("we, our, us, AIA Singapore")
1 Robinson Road
AIA Tower
Singapore 048542
## 2. Nature & Objective of the Plan
AIA Retirement Saver (IV) is an endowment insurance policy designed to provide you with a monthly retirement income over your chosen Income Payout Period, starting from your chosen Retirement Age (as shown in the Policy Illustration). It also provides coverage against death.
This is a participating policy that allows you to participate in the performance of the participating fund in the form of dividends that are not guaranteed.
## 3. Benefits under the Plan
AIA Retirement Saver (IV) provides you with the following benefits:
### a. Monthly Retirement Income
We will pay you the monthly retirement income (which is equivalent to Insured Amount) over the Income Payout Period, starting one month after the policy anniversary occurring on or immediately following the Insured's Retirement Age.
Before payment of the monthly retirement income, any amounts owing to us will first be deducted.
You may choose to receive the monthly retirement income or leave it with us to accumulate interest at the prevailing rate.
### b. Maturity Benefit
If the Insured is alive on the maturity date (at the end of Income Payout Period) while your policy is in force, we will pay you:
(1) last monthly retirement income; and
(2) last monthly dividend (if any); and
(3) terminal dividend (if any),
plus any monthly dividend and monthly retirement income which have been left to accumulate with us, after deducting any and all amounts owing to us.
Your policy will automatically terminate on the maturity date.
### c. Death Benefit
#### If the Insured dies before the Retirement Age
We will pay:
(1) an amount being the higher of the following; and
- 101% of the total premiums paid or waived (if any) on your basic policy based on the applicable Insured Amount (including any premium adjustment for premium payment mode), without interest; or
- guaranteed cash value.
(2) terminal dividend (if any),
after deducting any amounts owing to us.
For the avoidance of doubt, if death occurs during the premium pass period, the total premiums paid and/or waived (if any) will exclude the deferred premium amount.
#### If the Insured dies on or after the Retirement Age
We will pay:
(1) an amount being the higher of the following; and
- 101% of the total premiums paid or waived on your basic policy based on the applicable Insured Amount (including any premium adjustment for premium payment mode), without interest, after deducting the total monthly retirement income paid; or
- guaranteed cash value.
(2) terminal dividend (if any),
plus any monthly dividends and monthly retirement income which have been left to accumulate with us, after deducting any amounts owing to us.
Your policy will automatically terminate on the death of the Insured.
### d. Surrender Value
You may surrender your policy for its cash value (if any). Your policy will automatically terminate once it is surrendered in full.
### e. Premium Pass Option
In the event of involuntary retrenchment, you may request to exercise the Premium Pass Option after the third policy anniversary, provided your policy is in force and premiums have been fully paid for the first three (3) policy years.
Upon successful activation of the Premium Pass Option, you are not required to pay premiums over a period of 12 consecutive months ("Premium Pass Period"). During the premium pass period, your policy (including any waiver (if any)) will continue to be in force. The cumulative premiums deferred during the Premium Pass Period shall be referred to as the "Deferred Premium Amount". No interest will be charged on the Deferred Premium Amount during the Premium Pass Period.
At the end of the Premium Pass Period, you will be granted an interest-free loan equal to the outstanding deferred premium amount, to be repaid over 12 consecutive months ("Interest-free Repayment Period") if there is sufficient guaranteed cash value. The interest-free loan will be deemed as an amount owing to us, but no interest will be charged during the Interest-free Repayment Period.
At the end of the Interest-free Repayment Period, interest will be charged for the outstanding deferred premium that remains unpaid after the Interest-free Repayment Period.
You may repay the Deferred Premium Amount anytime, in lump sum or regular instalments.
In order to activate the Premium Pass Option, supporting documents must be submitted to us within 2 months from the end of the Deferment Period. Deferment Period refers to a period of 2 months from the effective date of the involuntary retrenchment, during which you are unable to secure any full-time employment.
[p.2]
- 101% of the total premiums paid or waived (if any) on your basic policy based on the applicable Insured Amount (including any premium adjustment for premium payment mode), without interest; or
- guaranteed cash value.
(2) terminal dividend (if any),
after deducting any amounts owing to us.
For the avoidance of doubt, if death occurs during the premium pass period, the total premiums paid and/or waived (if any) will exclude the deferred premium amount.
#### If the Insured dies on or after the Retirement Age
We will pay:
(1) an amount being the higher of the following; and
- 101% of the total premiums paid or waived on your basic policy based on the applicable Insured Amount (including any premium adjustment for premium payment mode), without interest, after deducting the total monthly retirement income paid; or
- guaranteed cash value.
(2) terminal dividend (if any),
plus any monthly dividends and monthly retirement income which have been left to accumulate with us, after deducting any amounts owing to us.
Your policy will automatically terminate on the death of the Insured.
### d. Surrender Value
You may surrender your policy for its cash value (if any). Your policy will automatically terminate once it is surrendered in full.
### e. Premium Pass Option
In the event of involuntary retrenchment, you may request to exercise the Premium Pass Option after the third policy anniversary, provided your policy is in force and premiums have been fully paid for the first three (3) policy years.
Upon successful activation of the Premium Pass Option, you are not required to pay premiums over a period of 12 consecutive months ("Premium Pass Period"). During the premium pass period, your policy (including any waiver (if any)) will continue to be in force. The cumulative premiums deferred during the Premium Pass Period shall be referred to as the "Deferred Premium Amount". No interest will be charged on the Deferred Premium Amount during the Premium Pass Period.
At the end of the Premium Pass Period, you will be granted an interest-free loan equal to the outstanding deferred premium amount, to be repaid over 12 consecutive months ("Interest-free Repayment Period") if there is sufficient guaranteed cash value. The interest-free loan will be deemed as an amount owing to us, but no interest will be charged during the Interest-free Repayment Period.
At the end of the Interest-free Repayment Period, interest will be charged for the outstanding deferred premium that remains unpaid after the Interest-free Repayment Period.
You may repay the Deferred Premium Amount anytime, in lump sum or regular instalments.
In order to activate the Premium Pass Option, supporting documents must be submitted to us within 2 months from the end of the Deferment Period. Deferment Period refers to a period of 2 months from the effective date of the involuntary retrenchment, during which you are unable to secure any full-time employment.
The Premium Pass Option can only be exercised once during the lifetime of the policy.
## Dividends
You can receive dividends in the form of Monthly Dividend (MD) and Terminal Dividend (TD).
### a. Monthly Dividend
Depending on the experience of the participating fund, a discretionary dividend will be declared yearly and credited to your policy on a monthly basis in 12 equal installments i.e. the MD. Once declared and credited to your policy, the dividend forms part of the guaranteed benefits of the policy and will not be affected by any subsequent years' revisions. You may submit a request to withdraw it, apply it to offset the premium of your policy, or leave it with us to accumulate interest at the prevailing rate.
Please refer to the Policy Illustration for the MD amount at the illustrated Investment Rate of Return of 4.25% per annum and 3.00% per annum 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.
The dividend declared in a particular year (if any) could be different from what is projected in the Policy Illustration at the time you purchased this policy or in subsequent projected illustrations that may be quoted to you.
### b. Terminal Dividend
The TD is a non-guaranteed, discretionary dividend that may be payable upon claim, maturity or surrender.
Please refer to the Policy Illustration for the TD amount at the illustrated Investment Rate of Return of 4.25% per annum and 3.00% per annum 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.
The Illustrated Investment Rate of Return is not guaranteed. The actual Investment Rate of Return will depend on the investment returns earned by the participating fund. As the dividend rates used for the benefits illustrated above are not guaranteed, the actual benefits payable may vary according to the future experience of the participating fund.
All guaranteed benefits, including dividends, which have already been credited to your policy, will be provided for regardless of the future performance of the participating fund.
Future dividends (including monthly and terminal dividend) are not guaranteed and are adjusted depending on the experience of the Participating Fund. This includes, the past, prevailing and projected future investment returns and other experience factors. In particular, investment returns can be volatile and we may vary dividends from time to time. As such, the actual dividends credited in a particular year could differ from previous projections or illustrations. In times of substantial decline in investment returns, we may reduce dividends significantly. Conversely, in times of substantial increases in investment returns, we may increase dividends to higher than those originally projected at the time of purchase of your policy.
Dividends declared each year will be recommended, in writing, by the Appointed Actuary and approved by AIA Singapore's Board of Directors.
[p.3]
The Premium Pass Option can only be exercised once during the lifetime of the policy.
### Premium Due Date
**of last unpaid premium**
| **Premium Pass Period (12 months)** | **Interest-free Repayment Period (12 months)** |
|---|---|
| X | X + 12 months | X + 24 months |
- Not required to pay premium.
- These premiums become "Deferred Premium Amount".
- Basic and riders remain in-force
- Resume paying premium as usual.
- "Deferred Premium Amount" become "Interest-free Loan" if sufficient guaranteed cash value.
- Any outstanding "Interest-free Loan" become "Accruing Policy Loan" and start accrued interest.
## Dividends
You can receive dividends in the form of Monthly Dividend (MD) and Terminal Dividend (TD).
### a. Monthly Dividend
Depending on the experience of the participating fund, a discretionary dividend will be declared yearly and credited to your policy on a monthly basis in 12 equal installments i.e. the MD. Once declared and credited to your policy, the dividend forms part of the guaranteed benefits of the policy and will not be affected by any subsequent years' revisions. You may submit a request to withdraw it, apply it to offset the premium of your policy, or leave it with us to accumulate interest at the prevailing rate.
Please refer to the Policy Illustration for the MD amount at the illustrated Investment Rate of Return of 4.25% per annum and 3.00% per annum 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.
The dividend declared in a particular year (if any) could be different from what is projected in the Policy Illustration at the time you purchased this policy or in subsequent projected illustrations that may be quoted to you.
### b. Terminal Dividend
The TD is a non-guaranteed, discretionary dividend that may be payable upon claim, maturity or surrender.
Please refer to the Policy Illustration for the TD amount at the illustrated Investment Rate of Return of 4.25% per annum and 3.00% per annum 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.
The Illustrated Investment Rate of Return is not guaranteed. The actual Investment Rate of Return will depend on the investment returns earned by the participating fund. As the dividend rates used for the benefits illustrated above are not guaranteed, the actual benefits payable may vary according to the future experience of the participating fund.
All guaranteed benefits, including dividends, which have already been credited to your policy, will be provided for regardless of the future performance of the participating fund.
Future dividends (including monthly and terminal dividend) are not guaranteed and are adjusted depending on the experience of the Participating Fund. This includes, the past, prevailing and projected future investment returns and other experience factors. In particular, investment returns can be volatile and we may vary dividends from time to time. As such, the actual dividends credited in a particular year could differ from previous projections or illustrations. In times of substantial decline in investment returns, we may reduce dividends significantly. Conversely, in times of substantial increases in investment returns, we may increase dividends to higher than those originally projected at the time of purchase of your policy.
Dividends declared each year will be recommended, in writing, by the Appointed Actuary and approved by AIA Singapore's Board of Directors.
## 4. Exclusions
There are certain conditions under which no benefits will be payable. These are stated as exclusions in the contract. The exclusions for this plan include, but are not limited to, the following conditions. You are advised to read the policy contract for the full list of exclusions.
### Death Benefit
If the Insured commits suicide within 1 year from the policy issue date or date of reinstatement (where applicable), whichever is later, our liability will be limited to a return of premiums paid without interest.
### Premium Pass Option
The exclusions below are not exhaustive and any request to exercise Premium Pass Option is subject to our acceptance upon consideration of information submitted in support of the request.
You will not be able to exercise Premium Pass Option under this policy if:
(a) you were not a Full-Time Employee immediately before your Involuntary Retrenchment;
(b) you were self-employed or employed by your Immediate Family Member or a business owned by your immediate family member;
(c) you and/or your Immediate Family Member (whether singly, jointly or in the aggregate) were in a position to exercise control or influence over the appointment and/or termination of employees by your employer;
(d) the termination of your Full-Time Employment arose out of:
i. retirement;
ii. resignation;
iii. termination or suspension due to your breach of the terms of employment, or your own misconduct or negligence;
iv. your own wilful or deliberate misconduct or unlawful behaviour;
v. severance or natural termination of any fixed term contract of employment or of an interim contract;
vi. leave of absence whether paid or unpaid;
vii. military discharge;
viii. any voluntary forfeiture of income by you;
ix. failure to continue employment upon completion of probation period;
x. disability or injury due to any accident, sickness, pregnancy, childbirth or self destruction or any attempt threat, while sane or insane;
xi. your inability to continue the employment due to the need to service in armed forces in the time of war, declared or undeclared, or while under orders for warlike operations or restoration of public order;
xii. riot and civil commotion;
xiii. strike or labour disputes; or
xiv. any partial, seasonal or casual employment;
(e) you had not worked for at least 6 consecutive months immediately prior to the Involuntary Retrenchment from Full-Time Employment; or
(f) your loss of work relates to work as a self-employed person or independent contractor, and not termination from Full-Time Employment.
[p.4]
## 4. Exclusions
There are certain conditions under which no benefits will be payable. These are stated as exclusions in the contract. The exclusions for this plan include, but are not limited to, the following conditions. You are advised to read the policy contract for the full list of exclusions.
### Death Benefit
If the Insured commits suicide within 1 year from the policy issue date or date of reinstatement (where applicable), whichever is later, our liability will be limited to a return of premiums paid without interest.
### Premium Pass Option
The exclusions below are not exhaustive and any request to exercise Premium Pass Option is subject to our acceptance upon consideration of information submitted in support of the request.
You will not be able to exercise Premium Pass Option under this policy if:
(a) you were not a Full-Time Employee immediately before your Involuntary Retrenchment;
(b) you were self-employed or employed by your Immediate Family Member or a business owned by your immediate family member;
(c) you and/or your Immediate Family Member (whether singly, jointly or in the aggregate) were in a position to exercise control or influence over the appointment and/or termination of employees by your employer;
(d) the termination of your Full-Time Employment arose out of:
i. retirement;
ii. resignation;
iii. termination or suspension due to your breach of the terms of employment, or your own misconduct or negligence;
iv. your own wilful or deliberate misconduct or unlawful behaviour;
v. severance or natural termination of any fixed term contract of employment or of an interim contract;
vi. leave of absence whether paid or unpaid;
vii. military discharge;
viii. any voluntary forfeiture of income by you;
ix. failure to continue employment upon completion of probation period;
x. disability or injury due to any accident, sickness, pregnancy, childbirth or self destruction or any attempt threat, while sane or insane;
xi. your inability to continue the employment due to the need to service in armed forces in the time of war, declared or undeclared, or while under orders for warlike operations or restoration of public order;
xii. riot and civil commotion;
xiii. strike or labour disputes; or
xiv. any partial, seasonal or casual employment;
(e) you had not worked for at least 6 consecutive months immediately prior to the Involuntary Retrenchment from Full-Time Employment; or
(f) your loss of work relates to work as a self-employed person or independent contractor, and not termination from Full-Time Employment.
## 5. Investment of Assets
The premiums of the participating policies in the participating fund are invested in a range of assets that reflect the following investment objectives:
(a) ensure that the participating fund is financially sound and is able to meet the regulatory fund solvency requirements at all times; and
(b) achieve an investment return sufficient to meet the guaranteed liabilities; and
(c) enable the declaration of dividends at reasonable levels.
The participating fund is managed by:
**AIA Investment Management Private Limited**
1 Robinson Road, AIA Tower #08-00, Singapore 048542
The current investment mix as at 31 December 2024 and target investment mix are as follows:
| Asset Class | Target | Current |
|---|---|---|
| Bonds | 62% | 63% |
| Risky Assets* | 38% | 37% |
| **Total** | **100%** | **100%** |
*Includes listed common stocks, private equity, alternative investments, investments into funds and real estate. We may vary the risk assets allocation depending on market conditions.
### 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. The Participating Fund can be separated into different sub-groups; the figures below refer to the investment returns for the sub-group or class of products that this policy belongs to.
| | 2022 | 2023 | 2024 | Average over the last 3 years | Average over the last 5 years | Average over the last 10 years |
|---|---|---|---|---|---|---|
| Investment Returns | -9.3% | 5.8% | 7.1% | 0.9% | 2.7% | 3.9% |
### 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 vary significantly from the expected level of expenses, it may affect the non-guaranteed benefits you may receive.
Please note that past performance may not be indicative of future performance.
[p.5]
## 5. Investment of Assets
The premiums of the participating policies in the participating fund are invested in a range of assets that reflect the following investment objectives:
(a) ensure that the participating fund is financially sound and is able to meet the regulatory fund solvency requirements at all times; and
(b) achieve an investment return sufficient to meet the guaranteed liabilities; and
(c) enable the declaration of dividends at reasonable levels.
The participating fund is managed by:
**AIA Investment Management Private Limited**
1 Robinson Road, AIA Tower #08-00, Singapore 048542
The current investment mix as at 31 December 2024 and target investment mix are as follows:
| Asset Class | Target | Current |
|---|---|---|
| Bonds | 62% | 63% |
| Risky Assets* | 38% | 37% |
| **Total** | **100%** | **100%** |
*Includes listed common stocks, private equity, alternative investments, investments into funds and real estate. We may vary the risk assets allocation depending on market conditions.
### 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. The Participating Fund can be separated into different sub-groups; the figures below refer to the investment returns for the sub-group or class of products that this policy belongs to.
| | 2022 | 2023 | 2024 | Average over the last 3 years | Average over the last 5 years | Average over the last 10 years |
|---|---|---|---|---|---|---|
| Investment Returns | -9.3% | 5.8% | 7.1% | 0.9% | 2.7% | 3.9% |
### 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 vary significantly from the expected level of expenses, it may affect the non-guaranteed benefits you may receive.
Please note that past performance may not be indicative of future performance.
For our Participating Fund, the past Total Expense Ratios are shown in the table below.
| | 2022 | 2023 | 2024 | Average over the last 3 years | Average over the last 5 years | Average over the last 10 years |
|---|---|---|---|---|---|---|
| Total Expense Ratio^ | 1.2% | 1.3% | 1.2% | 1.3% | 1.3% | 1.5% |
^The Total Expense Ratio is for the whole Participating Fund.
## 6. Types of Risks Affecting the Level of Dividends
The key factors affecting the performance of the participating fund are investment returns, mortality and morbidity experience, lapse and surrender experience, business risks (including but not limited to product design, selling and marketing practices, and demographic changes) and expense experience of the participating fund as a whole.
We will determine the level of dividends taking into account the current performance as well as future outlook for the participating fund.
## 7. Sharing of Risks
Investment risks are shared among all the policies within the same group or class of products. Investment risks include foreign exchange risk on equities. The other key risks affecting the value of the Participating Fund including mortality, morbidity, lapses and surrenders, expenses and business risks are mostly shared by all the policies in the Participating Fund.
In determining the level of dividends that can be paid, the assets available to support the group or class of products that this participating policy belongs to are derived by accumulating the premiums paid and investment income, minus the payments attributed to the group of policies (e.g. death benefits, survival benefits, surrender benefits, dividends paid out (if any), distribution to shareholders, tax and expenses).
## 8. Smoothing of Dividends
In order to provide an element of stability in the returns to policyholders, smoothing is applied by spreading profits and losses from one year to the next. This means that in years where experience is good, not all the profits will be distributed to policyholders through dividends declared, but instead such profits may be used to increase returns to policyholders in years where experience is poor. The long-term cost of smoothing is intended to be broadly neutral across generations of policyholders.
For MDs, the scales are usually reviewed once a year. There is no maximum amount by which the scales may change from one year to the next.
For TD, the scales are usually reviewed once a year. However, TD may be changed at any time, particularly in adverse financial conditions.
This product was launched in 2021. MD is only available from policy year 6 onwards. As such, there is no past experience available for MD yet.
The TD declared over the past 2 years are consistent with the TD illustrated at the Illustrated Investment Rate of Return of 4.25% per annum as shown in the Policy Illustration / Supplementary Illustration.
Please note that past expense ratios may not be indicative of actual expenses that may be incurred in the future.
Please note that past performance is not necessarily indicative of future performance.
[p.6]
For our Participating Fund, the past Total Expense Ratios are shown in the table below.
| | 2022 | 2023 | 2024 | Average over the last 3 years | Average over the last 5 years | Average over the last 10 years |
|---|---|---|---|---|---|---|
| Total Expense Ratio^ | 1.2% | 1.3% | 1.2% | 1.3% | 1.3% | 1.5% |
^The Total Expense Ratio is for the whole Participating Fund.
Please note that past expense ratios may not be indicative of actual expenses that may be incurred in the future.
## 6. Types of Risks Affecting the Level of Dividends
The key factors affecting the performance of the participating fund are investment returns, mortality and morbidity experience, lapse and surrender experience, business risks (including but not limited to product design, selling and marketing practices, and demographic changes) and expense experience of the participating fund as a whole.
We will determine the level of dividends taking into account the current performance as well as future outlook for the participating fund.
## 7. Sharing of Risks
Investment risks are shared among all the policies within the same group or class of products. Investment risks include foreign exchange risk on equities. The other key risks affecting the value of the Participating Fund including mortality, morbidity, lapses and surrenders, expenses and business risks are mostly shared by all the policies in the Participating Fund.
In determining the level of dividends that can be paid, the assets available to support the group or class of products that this participating policy belongs to are derived by accumulating the premiums paid and investment income, minus the payments attributed to the group of policies (e.g. death benefits, survival benefits, surrender benefits, dividends paid out (if any), distribution to shareholders, tax and expenses).
## 8. Smoothing of Dividends
In order to provide an element of stability in the returns to policyholders, smoothing is applied by spreading profits and losses from one year to the next. This means that in years where experience is good, not all the profits will be distributed to policyholders through dividends declared, but instead such profits may be used to increase returns to policyholders in years where experience is poor. The long-term cost of smoothing is intended to be broadly neutral across generations of policyholders.
For MDs, the scales are usually reviewed once a year. There is no maximum amount by which the scales may change from one year to the next.
For TD, the scales are usually reviewed once a year. However, TD may be changed at any time, particularly in adverse financial conditions.
This product was launched in 2021. MD is only available from policy year 6 onwards. As such, there is no past experience available for MD yet.
The TD declared over the past 2 years are consistent with the TD illustrated at the Illustrated Investment Rate of Return of 4.25% per annum as shown in the Policy Illustration / Supplementary Illustration.
Please note that past performance is not necessarily indicative of future performance.
## 9. Fees and Charges
This plan shares in the experience of the participating fund. This means that any expenses incurred by the plan can be charged to the policy including:
- commissions relating to participating policies;
- costs of acquiring new participating business (e.g. underwriting and issue expenses);
- costs of maintaining in-force participating business (e.g. premium collection, issuing renewal statements, administration system maintenance, financial and statutory reporting);
- investment expenses;
- taxation expenses;
- a reasonable and fair proportion of the general management and overhead expenses;
- claim expenses (e.g. mortality/morbidity, surrender); and
- any other expenses and charges properly attributable to the participating fund.
All expenses, except for commissions, are shared and charged to the assets backing the policy according to the Sharing of Risk described earlier. For commissions, the actual amount is charged to each individual policy. All fees and charges have been included in the calculation of the premium and will not be charged separately to you.
## 10. Adjustment in Premium Rates
The premium rates are guaranteed.
## 11. Impact of Early Surrender
You may wish to refer to the Policy Illustration which illustrates the surrender value you will receive if you intend to surrender your policy.
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. You should consider carefully before terminating the policy or switching to a new one as there may be disadvantages in doing so. The new policy may cost more or have fewer benefits at the same cost.
## 12. Update on Performance
You will receive an annual performance update which consists of the following:
- Participating Policy Annual Statement that sets out the illustrated benefits at maturity / surrender within 2 months of your policy anniversary; and
- Participating Fund Commentary on the performance of the participating fund and the outlook, usually by July every year.
## 13. Conflict of Interest
Potential conflicting interests may arise from time to time between this policy and other policies issued by us, or between the participating fund of this policy and other funds of other policies or other funds managed by us. In such cases, we will act fairly in respect of all policies issued us and all funds managed by us and to balance the interests of this policy and the relevant fund.
## 14. Related Parties Transactions
AIA Investment Management Private Limited, the manager of AIA participating funds, is a related party to AIA Singapore.
We will ensure that all related parties transactions are done in a just and equitable manner and carried out at arms' length.
For related party transactions which are considered material outsourcing, AIA Singapore will comply with its outsourcing guidelines which would require, among others, that the terms of the transaction are documented and that risks relating to business continuity management, monitoring and control, audit and inspection and performance standards are clearly set out.
[p.7]
## 9. Fees and Charges
This plan shares in the experience of the participating fund. This means that any expenses incurred by the plan can be charged to the policy including:
- commissions relating to participating policies;
- costs of acquiring new participating business (e.g. underwriting and issue expenses);
- costs of maintaining in-force participating business (e.g. premium collection, issuing renewal statements, administration system maintenance, financial and statutory reporting);
- investment expenses;
- taxation expenses;
- a reasonable and fair proportion of the general management and overhead expenses;
- claim expenses (e.g. mortality/morbidity, surrender); and
- any other expenses and charges properly attributable to the participating fund.
All expenses, except for commissions, are shared and charged to the assets backing the policy according to the Sharing of Risk described earlier. For commissions, the actual amount is charged to each individual policy. All fees and charges have been included in the calculation of the premium and will not be charged separately to you.
## 10. Adjustment in Premium Rates
The premium rates are guaranteed.
## 11. Impact of Early Surrender
You may wish to refer to the Policy Illustration which illustrates the surrender value you will receive if you intend to surrender your policy.
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. You should consider carefully before terminating the policy or switching to a new one as there may be disadvantages in doing so. The new policy may cost more or have fewer benefits at the same cost.
## 12. Update on Performance
You will receive an annual performance update which consists of the following:
- Participating Policy Annual Statement that sets out the illustrated benefits at maturity / surrender within 2 months of your policy anniversary; and
- Participating Fund Commentary on the performance of the participating fund and the outlook, usually by July every year.
## 13. Conflict of Interest
Potential conflicting interests may arise from time to time between this policy and other policies issued by us, or between the participating fund of this policy and other funds of other policies or other funds managed by us. In such cases, we will act fairly in respect of all policies issued us and all funds managed by us and to balance the interests of this policy and the relevant fund.
## 14. Related Parties Transactions
AIA Investment Management Private Limited, the manager of AIA participating funds, is a related party to AIA Singapore.
We will ensure that all related parties transactions are done in a just and equitable manner and carried out at arms' length.
For related party transactions which are considered material outsourcing, AIA Singapore will comply with its outsourcing guidelines which would require, among others, that the terms of the transaction are documented and that risks relating to business continuity management, monitoring and control, audit and inspection and performance standards are clearly set out.
## 15. Free-Look Period
After purchasing a life insurance policy, you have a 14-day free-look period starting from the day you receive your policy documents to review the documents carefully. During this time, if you choose to cancel your policy, the insurer 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 the insurer.
If you opted for an electronic copy of your policy, the 14-day free-look period will start when you receive our SMS or email notification, informing you that the policy contract documents are available for your viewing on our customer portal.
If we have posted the policy to you, the 14-day free-look period will start 7 days from the date we posted the policy.
If the policy was delivered to you by hand, the 14-day free-look period will start seven (7) days from the date on which the policy was given to the postal/courier company or your insurance representative.
### Important Notes:
This insurance plan is underwritten by AIA Singapore. All insurance applications are subject to our underwriting and acceptance. Submission of an application and payment of premium does not constitute and should not be construed as acceptance by us. We reserve the right to withdraw the plan or reject applications, at anytime or for any reason without notice.
This product summary does not form a part of any contract of insurance. It is intended only to be a simplified description of the product features applicable to this plan and is not exhaustive. The contents of this product summary may vary from the terms of cover eventually issued. Please refer to the actual policy contract for all terms and conditions, including exclusions whereby the benefits under your policy may not be paid out. You are advised to read the policy contract. For the avoidance of doubt, only the terms and conditions as set out in the policy contract will bind the parties.
[p.8]
## 15. Free-Look Period
After purchasing a life insurance policy, you have a 14-day free-look period starting from the day you receive your policy documents to review the documents carefully. During this time, if you choose to cancel your policy, the insurer 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 the insurer.
If you opted for an electronic copy of your policy, the 14-day free-look period will start when you receive our SMS or email notification, informing you that the policy contract documents are available for your viewing on our customer portal.
If we have posted the policy to you, the 14-day free-look period will start 7 days from the date we posted the policy.
If the policy was delivered to you by hand, the 14-day free-look period will start seven (7) days from the date on which the policy was given to the postal/courier company or your insurance representative.
### Important Notes:
This insurance plan is underwritten by AIA Singapore. All insurance applications are subject to our underwriting and acceptance. Submission of an application and payment of premium does not constitute and should not be construed as acceptance by us. We reserve the right to withdraw the plan or reject applications, at anytime or for any reason without notice.
This product summary does not form a part of any contract of insurance. It is intended only to be a simplified description of the product features applicable to this plan and is not exhaustive. The contents of this product summary may vary from the terms of cover eventually issued. Please refer to the actual policy contract for all terms and conditions, including exclusions whereby the benefits under your policy may not be paid out. You are advised to read the policy contract. For the avoidance of doubt, only the terms and conditions as set out in the policy contract will bind the parties.
---
### https://lifeinsurance.com.sg/api/product/aia/secure-flexi-term/summary.md
# AIA Secure Flexi Term
**Insurer:** AIA Singapore (AIA Singapore Private Limited)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/201106386R/WA_Sum_201106386R_SFT(RC)_July2025.pdf
## Source wording
- **Effective from:** 2025-07-01
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/201106386R/WA_Sum_201106386R_SFT(RC)_July2025.pdf
- **PDF sha256:** `7ddc3d08aaf7fed900c7502870f369cfded21bb362698f2079d41c9c449cb972`
- **Extraction confidence:** verified
## Extracted facts
### riders
```json
[
{
"name": "TPD on Secure Flexi Term (R&C)",
"rider_type": "tpd",
"description": "A non-participating supplementary benefit which provides financial protection if the Insured becomes totally and permanently disabled before age 70. This benefit accelerates the payment of the Insured Amount of the basic policy.",
"source_page": 7,
"available_at_inception": true,
"available_after_inception": true
}
]
```
### free look
```json
{
"period_days": 14,
"source_page": 3,
"refund_basis": "the insurer 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 the insurer"
}
```
### exclusions
```json
[
{
"text": "If the Insured, whether sane or insane, commits suicide within one year of the issue date or reinstatement date of the basic policy, whichever is later, unless otherwise specified in any supplementary agreements or endorsements, our liability shall only be limited to the refund of the total premiums paid without interest.",
"source_page": 2
},
{
"text": "No Terminal Illness or Terminal Cancer Benefit shall be payable under the basic policy for the conditions stated below: i. Where the symptoms of the Terminal Illness or Terminal Cancer first occurred prior to the issue date or reinstatement date of the basic policy, subject to paragraph (iv) below, whichever is later; ii. Where the diagnosis of Terminal Illness or Terminal Cancer was made within thirty (30) days following the issue date or reinstatement date of the basic policy, whichever is later; iii. Where in our opinion, the diagnosis of Terminal Illness or Terminal Cancer of the Insured was directly or indirectly due to Acquired Immunodeficiency Syndrome (AIDS) or infection by any Human Immunodeficiency Virus (HIV); or iv. Any pre-existing illnesses, diseases, impairments or conditions from which the Insured is suffering prior to the issue date or reinstatement date, whichever is later, unless the Insured makes a declaration in the application or reinstatement of the basic policy, and such application is specifically accepted by us.",
"source_page": 2
},
{
"text": "Terminal illness in the presence of HIV infection is excluded.",
"source_page": 1
},
{
"text": "This supplementary benefit shall not cover any TPD caused directly or indirectly, wholly or partly, by any one or more of the following occurrences: (a) deliberate acts that endanger oneself: (i) violation or attempted violation of the law; and (ii) suicide or attempted suicide or intentional self-injury, and exposing oneself to exceptional danger (except in an attempt to save human life), whether sane or insane; (b) engaging in or taking part in air, military or naval service in time of declared or undeclared war or while under order for warlike operations or restoration of public order; or (c) entering, operating, or servicing, riding in or on, ascending or descending from or with any aerial device or conveyance (except where the Insured is in an aircraft operated by a commercial passenger airline on a regular scheduled passenger trip over its established passenger route or by the Republic of Singapore Air Force).",
"source_page": 8
}
]
```
### cash values
```json
{
"has_cash_value": false,
"non_guaranteed_bonus": {
"available": false
},
"guaranteed_surrender_value": {
"basis": "This plan has no surrender value.",
"available": false,
"source_page": 1
}
}
```
### grace period
```json
{
"days": 31,
"source_page": 2
}
```
### product type
```json
"term-life"
```
### policy basics
```json
{
"minimum_entry_age": {
"basis": "as-stated",
"years": 0,
"source_page": 1
},
"maximum_coverage_age": {
"basis": "as-stated",
"years": 101,
"source_page": 3
},
"maximum_policy_term_years": 30,
"minimum_policy_term_years": 5
}
```
### premium terms
```json
{
"payment_modes": [
"annual",
"semi-annual",
"quarterly",
"monthly"
],
"premium_term_options": [
{
"label": "5-year term",
"description": "Regular premium payable for the 5-year policy term; renewable at end of term up to Insured's 101st birthday",
"source_page": 1
},
{
"label": "10-year term",
"description": "Regular premium payable for the 10-year policy term; renewable at end of term up to Insured's 101st birthday",
"source_page": 1
},
{
"label": "20-year term",
"description": "Regular premium payable for the 20-year policy term; renewable at end of term up to Insured's 101st birthday",
"source_page": 1
},
{
"label": "30-year term",
"description": "Regular premium payable for the 30-year policy term; renewable at end of term up to Insured's 101st birthday",
"source_page": 1
}
],
"premium_review_clause": {
"text": "The premium rates are guaranteed and will remain unchanged for the duration of the policy term, (whether 5, 10, 20 or 30 years) so long as the required premium is paid and received by us on or before the end of the grace period of 31 days from the premium due date. However, the premium rates at the time of each renewal are according to the rates applicable to the Insured's attained age and are not guaranteed. These rates may be adjusted based on future experience, or to meet our obligations under the basic policy and/or the laws and regulations of Singapore as may be revised from time to time (including without limitations, tax laws and regulations).",
"frequency": "at each renewal",
"reviewable": true,
"source_page": 2
}
}
```
### suicide clause
```json
{
"source_page": 2,
"payout_within_period": "If the Insured, whether sane or insane, commits suicide within one year of the issue date or reinstatement date of the basic policy, whichever is later, unless otherwise specified in any supplementary agreements or endorsements, our liability shall only be limited to the refund of the total premiums paid without interest.",
"exclusion_period_months": 12
}
```
### document metadata
```json
{
"wording_version": "Version 3.0",
"product_full_name": "AIA Secure Flexi Term (R&C)",
"insurer_legal_entity": "AIA Singapore Private Limited (Reg. No. 201106386R)"
}
```
### terminal illness benefit
```json
{
"available": true,
"source_page": 1,
"acceleration_percent": 100,
"qualifying_definition": "any condition caused by illness or injury, where at the time of claim, despite all reasonable medical treatment, the Insured is expected to live for no more than 12 months."
}
```
---
*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.*
---
### https://lifeinsurance.com.sg/api/product/aia/secure-flexi-term/wording.md
# Product Summary for AIA Secure Flexi Term (R&C)
Version 3.0
This insurance plan is underwritten by AIA Singapore Private Limited (Reg. No. 201106386R) ("we, our, us, AIA Singapore").
AIA Secure Flexi Term (R&C) is a renewable and convertible, regular premium non-participating term policy which offers 4 different policy terms: 5-year, 10-year, 20-year and 30-year terms. It is designed to provide protection at affordable premiums and can be renewed successively at the end of each term up to the Insured's 101st birthday. This plan has no surrender value.
You may also complement your AIA Secure Flexi Term (R&C) policy with additional benefits, such as the Total and Permanent Disability Benefit and Critical Illness Benefit. These additional benefits are set out in the relevant supplementary agreements attached to AIA Secure Flexi Term (R&C) policy.
You may also choose to integrate your AIA Secure Flexi Term (R&C) policy with AIA Vitality which gives you an upfront premium discount and future Vitality Status-dependent premium discounts.
## Product Benefits
### 1. Death Benefit
Upon the death of the Insured while the basic policy is in force, we will pay the Death Benefit, which is the Insured Amount, less any amounts owing to us.
### 2. Terminal Illness Benefit
If the Insured is diagnosed with a Terminal Illness while the basic policy is in force, we will pay the Terminal Illness Benefit, which is the Insured Amount under this benefit, less any amounts owing to us.
"Terminal Illness" means "any condition caused by illness or injury, where at the time of claim, despite all reasonable medical treatment, the Insured is expected to live for no more than 12 months."
The specialist medical practitioner treating the condition must provide supporting evidence of the condition, possible medical treatment, the prognosis after undergoing the possible medical treatment, and certify that the Insured is expected to live for no more than 12 months despite all possible medical intervention. We reserve the right to appoint an independent medical specialist who is an expert in the condition to confirm the diagnosis and prognosis.
Terminal illness in the presence of HIV infection is excluded.
This Terminal Illness Benefit accelerates the payment of the Insured Amount under the basic policy.
Besides other underwriting limits applicable to this plan, this benefit is also subject to the Terminal Illness per life limit of S$20,000,000 (aggregated with other policies or supplementary benefits issued on the same life). For policies issued in other currencies, a conversion rate as determined by the company will apply.
### 3. Terminal Cancer Benefit
If the Insured is diagnosed with a Terminal Cancer while the basic policy is in force, we will pay the Terminal Cancer Benefit, which is the Insured Amount under this benefit, less any amounts owing to us.
"Terminal Cancer" refers to a malignant tumour confirmed by histological report and at a stage where all of the following features are present:
i. The cancer is classified under end stage cancer. End stage cancer is defined as cancer with metastasis of at least one distant organ (invasion of malignant cell to lymphoid node is not considered as metastasis of distant organ). The end stage cancer also includes Chronic Lymphocytic Leukemia stage 4 (RAI classification) and lymphoma stage 4 (LUGANO classification).
ii. The growth of cancer cannot be controlled with cancer treatment. The cancer treatment is the use of surgery, radiation, medications and other therapies to cure a cancer, shrink a cancer or stop the progression of a cancer.
iii. Only palliative treatment can be offered by the doctor for managing the patient's condition.
This Terminal Cancer Benefit accelerates the payment of the Insured Amount under the basic policy.
Besides other underwriting limits applicable to this plan, this benefit is also subject to the Terminal Cancer per life limit of S$1,000,000 (or S$500,000 for juvenile) (aggregated with other policies or supplementary benefits issued on the same life). For policies issued in other currencies, a conversion rate as determined by the company will apply.
An Insured will be considered a juvenile until such time he:
(a) reaches the age of 16 and he is gainfully employed or self-employed; or
(b) attains the age of 21,
whichever is earlier.
### 4. Renewal Privilege
The basic policy will be automatically renewed without further underwriting provided that:
(a) the basic policy is in force on the day before the date on which renewal takes effect;
(b) there is no overdue premium for the basic policy up to the day before the date on which renewal takes effect; and
(c) we receive and accept payment of the premiums of the basic policy according to the rates applicable to the Insured's attained age on the date on which renewal takes effect.
For the 5-year (R&C) term plan: (refer to Renewal Privilege Guide Table below)
(i) for every renewal effective on a policy anniversary prior to the Insured's 97th birthday, the renewal term will be 5 years; and
(ii) for every renewal effective on a policy anniversary occurring on or immediately following the Insured's 97th birthday, the renewal term will only be for the remaining years up to the policy anniversary occurring on or immediately following the Insured's 101st birthday.
For the 10-year (R&C) term plan: (refer to Renewal Privilege Guide Table below)
(i) for every renewal effective on a policy anniversary prior to the Insured's 92nd birthday, the renewal term will be 10 years;
(ii) for every renewal effective on a policy anniversary occurring on or immediately following the Insured's 92nd birthday up to the policy anniversary occurring on or immediately following the Insured's 96th birthday, the renewal term will be 5 years; and
(iii) for every renewal effective on a policy anniversary occurring on or immediately following the Insured's 97th birthday, the renewal term will only be for the remaining years up to the policy anniversary occurring on or immediately following the Insured's 101st birthday.
For the 20-year (R&C) term plan: (refer to Renewal Privilege Guide Table below)
(i) for every renewal effective on a policy anniversary prior to the Insured's 82nd birthday, the renewal term will be 20 years;
(ii) for every renewal effective on a policy anniversary occurring on or immediately following the Insured's 82nd birthday up to the policy anniversary occurring on or immediately following the Insured's 91st birthday, the renewal term will be 10 years;
(iii) for every renewal effective on a policy anniversary occurring on or immediately following the Insured's 92nd birthday up to the policy anniversary occurring on or immediately following the Insured's 96th birthday, the renewal term will be 5 years; and
(iv) for every renewal effective on a policy anniversary occurring on or immediately following the Insured's 97th birthday, the renewal term will only be for the remaining years up to the policy anniversary occurring on or immediately following the Insured's 101st birthday.
For the 30-year (R&C) term plan: (refer to Renewal Privilege Guide Table below)
(i) for every renewal effective on a policy anniversary prior to the Insured's 72nd birthday, the renewal term will be 30 years;
(ii) for every renewal effective on a policy anniversary occurring on or immediately following the Insured's 72nd birthday up to the policy anniversary occurring on or immediately following the Insured's 81st birthday, the renewal term will be 20 years;
(iii) for every renewal effective on a policy anniversary occurring on or immediately following the Insured's 82nd birthday up to the policy anniversary occurring on or immediately following the Insured's 91st birthday, the renewal term will be 10 years;
(iv) for every renewal effective on a policy anniversary occurring on or immediately following the Insured's 92nd birthday up to the policy anniversary occurring on or immediately following the Insured's 96th birthday, the renewal term will be 5 years; and
(v) for every renewal effective on a policy anniversary occurring on or immediately following the Insured's 97th birthday, the renewal term will only be for the remaining years up to the policy anniversary occurring on or immediately following the Insured's 101st birthday.
## Renewal Privilege Guide Table [p.1]
| Type of Plan | Insured's Attained Age at Renewal | Guaranteed Renewal Period |
|---|---|---|
| 5-year (R&C) | From 0 – 96 years | 5 years |
| 10-year (R&C) | From 0 – 91 years
From 92 – 96 years | 10 years
5 years |
| 20-year (R&C) | From 0 – 81 years
From 82 – 91 years
From 92 – 96 years | 20 years
10 years
5 years |
| 30-year (R&C) | From 0 – 71 years
From 72 – 81 years
From 82 – 91 years
From 92 – 96 years | 30 years
20 years
10 years
5 years |
| 5-year (R&C)
10-year (R&C)
20-year (R&C)
30-year (R&C) | 97 years
98 years
99 years
100 years | 4 years
3 years
2 years
1 year |
### 5. Conversion Privilege
You may convert the basic policy to a whole life, endowment or investment-linked policies offering equivalent or similar cover (as determined by us), which we make available for conversion from time to time at our absolute discretion, without further medical underwriting up to the current Insured Amount provided that:
(a) the basic policy is in force on the date of your request for conversion and continues to be in force on the day before the date on which conversion takes effect;
(b) there is no overdue premium for the basic policy as at the date of your request for conversion and up to the day before the date on which conversion takes effect;
(c) no claim on the Insured has been reported on your policy;
(d) your request for conversion is made and any resulting conversion takes effect, on or prior to a policy anniversary of the basic policy prior to the Insured's 70th birthday;
(e) we receive and approve the application for the new policy; and
(f) we receive and accept payment of the premiums of the new policy, which premium shall be determined according to the rates then applicable for the age of the Insured as at the date on which conversion takes effect.
Conversion to a policy with less than the current Insured Amount is allowed, subject to the minimum insured amount of the converted policy. The basic policy will continue to be in force with the remaining Insured Amount. If the remaining Insured Amount does not meet our minimum Insured Amount or minimum premium amount requirements, the basic policy will be terminated.
If the basic policy is computed and issued on a non-Standard Life basis, the premium for the converted policy will also be computed on a non-Standard Life basis.
The right of conversion shall not apply to any supplementary agreement under the basic policy unless it is indicated otherwise in the supplementary agreement and provided that the converted policy covers the relevant benefit(s) under such supplementary agreement.
## Key Product Provisions: [p.2]
### 1. General Exclusions
There are certain conditions under which no benefits will be payable. These are stated as exclusions in the policy contract. The exclusions for the basic policy include, but are not limited, to the following conditions. You are advised to read the policy contract for the full list of exclusions.
#### (a) Death Benefit
If the Insured, whether sane or insane, commits suicide within one year of the issue date or reinstatement date of the basic policy, whichever is later, unless otherwise specified in any supplementary agreements or endorsements, our liability shall only be limited to the refund of the total premiums paid without interest.
#### (b) Terminal Illness and Terminal Cancer Benefit
No Terminal Illness or Terminal Cancer Benefit shall be payable under the basic policy for the conditions stated below:
i. Where the symptoms of the Terminal Illness or Terminal Cancer first occurred prior to the issue date or reinstatement date of the basic policy, subject to paragraph (iv) below, whichever is later;
ii. Where the diagnosis of Terminal Illness or Terminal Cancer was made within thirty (30) days following the issue date or reinstatement date of the basic policy, whichever is later;
iii. Where in our opinion, the diagnosis of Terminal Illness or Terminal Cancer of the Insured was directly or indirectly due to Acquired Immunodeficiency Syndrome (AIDS) or infection by any Human Immunodeficiency Virus (HIV); or
iv. Any pre-existing illnesses, diseases, impairments or conditions from which the Insured is suffering prior to the issue date or reinstatement date, whichever is later, unless the Insured makes a declaration in the application or reinstatement of the basic policy, and such application is specifically accepted by us.
### 2. Payment of Premiums
The premiums for the basic policy are payable for as long as the basic policy is in force. The premium rates are guaranteed and will remain unchanged for the duration of the policy term, (whether 5, 10, 20 or 30 years) so long as the required premium is paid and received by us on or before the end of the grace period of 31 days from the premium due date. However, the premium rates at the time of each renewal are according to the rates applicable to the Insured's attained age and are not guaranteed. These rates may be adjusted based on future experience, or to meet our obligations under the basic policy and/or the laws and regulations of Singapore as may be revised from time to time (including without limitations, tax laws and regulations).
If the basic policy is issued on a non-Standard Life basis, the premium on renewal will also be computed on the same basis.
### 3. Premium Adjustment Due To Integration of AIA Vitality (for AIA Vitality integrated plan only)
The premiums for the basic policy that is integrated with AIA Vitality will be equal to the premium before any adjustment due to integration of AIA Vitality multiplied by Cumulative Premium Percentage.
If the basic policy is issued on a non-Standard Life basis, any extra premiums due to an extra mortality/ morbidity rating will not be subject to the premium adjustment due to the integration of AIA Vitality.
Cumulative Premium Percentage is the percentage applied at the inception of the Policy or at each policy anniversary beginning from the first policy anniversary.
**Cumulative Premium Percentage applied at the inception of the Policy** = 95%
**Cumulative Premium Percentage applied at each policy anniversary beginning from the first policy anniversary** = Cumulative Premium Percentage applied at the inception of the Policy or the policy anniversary immediately before the current policy anniversary (whichever is later) + Annual Premium Adjustment Percentage applied at the current policy anniversary
Annual Premium Adjustment Percentage is the percentage applied at each policy anniversary beginning from the first policy anniversary. The Annual Premium Adjustment Percentage applied will be based on the Insured's Vitality Status as at 45 days before the relevant policy anniversary.
| Vitality Status | Annual Premium Adjustment Percentage |
|---|---|
| Bronze | +2% |
| Silver | +1% |
| Gold | -1% |
| Platinum | -2% |
If the Insured does not have a Vitality Status as at 45 days before any policy anniversary due to termination of the Insured's AIA Vitality membership, the Cumulative Premium Percentage applied at that policy anniversary shall be equal to 100%.
The Cumulative Premium Percentage applied at any policy anniversary shall not be more than the Maximum Cumulative Premium Percentage and shall not be less than the Minimum Cumulative Premium Percentage as stated below.
| Minimum Cumulative Premium Percentage | 85% |
|---|---|
| Maximum Cumulative Premium Percentage | 100% |
### 4. Termination [p.3]
The policy (including endorsements and supplementary agreements) shall automatically terminate on the earliest occurrence of the following:
(a) if any premium on the basic policy remains unpaid at the end of the grace period of 31 days from the premium due date;
(b) upon surrender of the basic policy;
(c) upon expiry of the basic policy, unless the basic policy is renewed according to the Renewal Privilege section above;
(d) if the basic policy is converted into another policy after you have exercised your Conversion Privilege and the remaining Insured Amount (if any) does not meet our minimum insured amount and minimum annual premium requirements;
(e) on the policy anniversary occurring on or immediately following the Insured's 101st birthday;
(f) upon the death of the Insured; or
(g) when the Insured Amount of the basic policy is accelerated in full.
### 5. Free-Look Period
After purchasing a life insurance policy, you have a 14-day free-look period starting from the day you receive your policy documents to review the documents carefully. During this time, if you choose to cancel your policy, the insurer 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 the insurer.
If you opted for an electronic copy of your Policy, the 14-day free-look period will start when you receive our SMS or email notification, informing you that the policy contract documents are available for your viewing on our customer portal.
If we have posted the policy to you, the 14-day free-look period will start 7 days from the date we posted the policy.
## Important Notes: [p.3-4]
All insurance applications are subject to our underwriting and acceptance. Submission of an application and payment of premium does not constitute and should not be construed as acceptance by us. We reserve the right to withdraw the plan or reject applications, at anytime or for any reason without notice.
This product summary does not form a part of any contract of insurance. It is intended only to be a simplified description of the product features applicable to this plan and is not exhaustive. The contents of this product summary may vary from the terms of cover eventually issued. Please refer to the actual policy contract for all terms and conditions, including exclusions whereby the benefits under your policy may not be paid out. You are advised to read the policy contract. For the avoidance of doubt, only the terms and conditions as set out in the policy contract will bind the parties.
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. You should consider carefully before terminating the policy or switching to a new one as there may be disadvantages in doing so. The new policy may cost more or have fewer benefits at the same cost.
---
# Product Summary for TPD on Secure Flexi Term (R&C)
Version 1.0 [p.7]
This insurance plan is underwritten by AIA Singapore Private Limited (Reg. No. 201106386R) ("we, our, us, AIA Singapore").
TPD on Secure Flexi Term (R&C) is a non-participating supplementary benefit which provides financial protection if the Insured becomes totally and permanently disabled before age 70. This benefit accelerates the payment of the Insured Amount of the basic policy. This supplementary benefit will have the same premium term payable as the basic policy.
You may also choose to integrate this supplementary benefit with AIA Vitality which gives you an upfront premium discount and future Vitality Status-dependent premium discounts.
## Product Benefits
### 1. Total and Permanent Disability Benefit
In the event of TPD of the Insured before the policy anniversary occurring on or immediately following the Insured's 70th birthday, we will pay, in one lump sum, the death benefit under this basic policy.
The TPD Benefit is an accelerated benefit that accelerates the death benefit of the basic policy.
Your policy will automatically terminate once the death benefit is accelerated in full.
Before the policy anniversary occurring on or immediately following the Insured's 65th birthday, TPD means the Insured is not capable of doing or carrying out any work, occupation or profession, to earn or obtain any wages, compensation or profit. Such disability must continue uninterrupted for at least 6 consecutive months and there is no possibility of improvement for an indefinite time. This is not applicable to juvenile.
From the policy anniversary occurring on or immediately following the Insured's 65th birthday, TPD means the Insured is not capable of performing at least 2 of the following 6 Activities of Daily Living even with the aid of special equipment, and always to require the physical assistance of another person throughout the entire activity. Such disability must continue uninterrupted for at least 6 consecutive months and there is no possibility of improvement for an indefinite time.
**"Activities of Daily Living" are:**
(a) Transferring: the ability to move from a bed to an upright chair or wheelchair and vice versa
(b) Mobility: the ability to move indoors from room to room on level surfaces
(c) Toileting: the ability to use the lavatory or otherwise manage bowel and bladder functions so as to maintain a satisfactory level of personal hygiene
(d) Dressing: the ability to put on, take off, secure and unfasten all garments and as appropriate, any braces, artificial limbs or other surgical appliances
(e) Washing: the ability to wash in the bath or shower (including getting into and out of the bath or shower) or wash satisfactorily by any other means
(f) Feeding: the ability to feed oneself once food has been prepared and made available
However, any of the following conditions* will be immediately recognised as TPD (applicable to juvenile as well):
(i) total and irrecoverable loss of sight of both eyes; or
(ii) loss by complete severance or the total and irrecoverable loss of use of 2 limbs at or above the wrist or ankle; or
(iii) total and irrecoverable loss of sight of 1 eye; and
- a. loss by complete severance of 1 limb at or above the wrist or at or above the ankle; or
- b. total and irrecoverable loss of use of 1 limb at or above the wrist or at or above the ankle.
*If the Insured is a juvenile, we will only admit these conditions as TPD.
An Insured will be considered a juvenile until such time he:
(a) reaches the age of 16 and he is gainfully employed or self-employed; or
(b) attains the age of 21,
whichever is earlier.
Besides other underwriting limits applicable to this plan, this benefit is also subject to the TPD per life limit of S$7,500,000 (aggregated with other policies or riders issued on the same life). For policies issued in other currencies, a conversion rate as determined by the company will apply.
#### Term of This Supplementary Benefit
The term of this supplementary benefit will be the shorter of:
(a) the term of the basic policy; or
(b) the number of years from the date of issue of this supplementary benefit to the policy anniversary occurring on or immediately following the Insured's 70th birthday.
### 2. Renewal Privilege
This supplementary benefit will be automatically renewed without further underwriting provided that:
(a) this supplementary benefit and the basic policy are in force on the day before the date on which renewal takes effect;
(b) there is no overdue premium for this supplementary benefit and/or the basic policy up to the day before the date on which renewal takes effect;
(c) we receive and accept payment of the premiums of this supplementary benefit according to the rates applicable to the Insured's attained age on the date on which renewal takes effect; and
(d) The renewal term of this supplementary benefit will be the shorter of:
(i) the term of the basic policy as renewed according to the provisions of your basic policy; or
(ii) the number of years from the date of renewal of this supplementary benefit to the policy anniversary occurring on or following the Insured's 70th birthday.
### 3. Conversion Privilege [p.8]
If you exercise the Conversion Privilege of the basic policy, you may convert this supplementary benefit to another supplementary benefit offering equivalent or similar cover (as determined by us), (and forming part of the policy converted from the basic policy), which we make available for conversion from time to time at our absolute discretion, without further medical underwriting up to the current Insured Amount provided that:
(a) this supplementary benefit and the basic policy are in force on the date of your request for conversion and continue to be in force on the day before the date on which conversion takes effect;
(b) there is no overdue premium for this supplementary benefit and/or the basic policy as at the date of your request for conversion and up to the day before the date on which conversion takes effect;
(c) no claim on the Insured has been reported on your policy;
(d) your request for conversion is made and any resulting conversion takes effect, on or prior to a policy anniversary of the basic policy prior to the Insured's 70th birthday;
(e) we receive and approve the application for the new policy; and
(f) we receive and accept payment of the premiums of the new policy, which premium shall be determined according to the rates then applicable for the age of the Insured as at the date on which conversion takes effect.
Conversion to a policy with less than the current Insured Amount is allowed, subject to the minimum insured amount of the converted policy. This supplementary benefit will continue to be in force with the remaining Insured Amount provided that the basic policy remains in force. If the remaining Insured Amount does not meet our minimum Insured Amount or minimum premium amount requirements, this supplementary benefit will be terminated.
Conversion is not allowed during the TPD Period.
If this supplementary benefit is computed and issued on a non-Standard Life basis, the premium for the converted policy will also be computed on a non-Standard Life basis.
## Key Product Provisions: [p.8-9]
### 1. General Exclusions
There are certain conditions under which no benefits will be payable. These are stated as exclusions in the supplementary agreement. The exclusions for this supplementary benefit include, but are not limited, to the following conditions. You are advised to read the supplementary agreement for the full list of exclusions.
This supplementary benefit shall not cover any TPD caused directly or indirectly, wholly or partly, by any one or more of the following occurrences:
(a) deliberate acts that endanger oneself:
(i) violation or attempted violation of the law; and
(ii) suicide or attempted suicide or intentional self-injury, and exposing oneself to exceptional danger (except in an attempt to save human life), whether sane or insane;
(b) engaging in or taking part in air, military or naval service in time of declared or undeclared war or while under order for warlike operations or restoration of public order; or
(c) entering, operating, or servicing, riding in or on, ascending or descending from or with any aerial device or conveyance (except where the Insured is in an aircraft operated by a commercial passenger airline on a regular scheduled passenger trip over its established passenger route or by the Republic of Singapore Air Force).
### 2. Payment of Premiums
The premiums for this supplementary benefit are payable for as long as it is in force. The premium rates are guaranteed and will remain unchanged for the duration of the policy term, (whether 5, 10, 20 or 30 years) so long as the required premium is paid and received by us on or before the end of the grace period of 31 days from the premium due date. However, the premium rates at the time of each renewal are according to the rates applicable to the Insured's attained age and are not guaranteed. These rates may be adjusted based on future experience, or to meet our obligations under the basic policy and/or the laws and regulations of Singapore as may be revised from time to time (including without limitations, tax laws and regulations).
If this supplementary benefit is issued on a non-Standard Life basis, the premium on renewal will also be computed on the same basis.
### 3. Premium Adjustment Due To Integration of AIA Vitality (for AIA Vitality integrated plan only)
The premiums for this supplementary benefit that is integrated with AIA Vitality will be equal to the premium before any adjustment due to integration of AIA Vitality multiplied by Cumulative Premium Percentage.
If this supplementary benefit is issued on a non-Standard Life basis, any extra premiums due to an extra mortality/ morbidity rating will not be subject to the premium adjustment due to the integration of AIA Vitality.
Cumulative Premium Percentage is the percentage applied at the inception of this supplementary benefit or at each policy anniversary beginning from the first policy anniversary.
**Cumulative Premium Percentage applied at the inception of this supplementary benefit** = 95%
**Cumulative Premium Percentage applied at each policy anniversary beginning from the first policy anniversary** = Cumulative Premium Percentage applied at the inception of this supplementary benefit or the policy anniversary immediately before the current policy anniversary (whichever is later) + Annual Premium Adjustment Percentage applied at the current policy anniversary
Annual Premium Adjustment Percentage is the percentage applied at each policy anniversary beginning from the first policy anniversary. The Annual Premium Adjustment Percentage applied will be based on the Insured's Vitality Status as at 45 days before the relevant policy anniversary.
| Vitality Status | Annual Premium Adjustment Percentage |
|---|---|
| Bronze | +2% |
| Silver | +1% |
| Gold | -1% |
| Platinum | -2% |
If the Insured does not have a Vitality Status as at 45 days before any policy anniversary due to termination of the Insured's AIA Vitality membership, the Cumulative Premium Percentage applied at that policy anniversary shall be equal to 100%.
The Cumulative Premium Percentage applied at any policy anniversary shall not be more than the Maximum Cumulative Premium Percentage and shall not be less than the Minimum Cumulative Premium Percentage as stated below.
| Minimum Cumulative Premium Percentage | 85% |
|---|---|
| Maximum Cumulative Premium Percentage | 100% |
### 4. Termination [p.9-10]
This supplementary benefit shall automatically terminate on the earliest occurrence of the following:
(a) if any premium on this supplementary benefit or the basic policy remains unpaid at the end of the grace period of 31 days from the premium due date;
(b) if the basic policy is terminated;
(c) upon expiry of this supplementary benefit, unless it is renewed according to the Renewal Privilege section above;
(d) if this supplementary benefit is converted to another supplementary benefit after you have exercised your Conversion Privilege and the remaining Insured Amount (if any) does not meet our minimum insured amount and minimum annual premium requirements;
(e) on the date of commencement of TPD;
(f) on the policy anniversary occurring on or immediately following the Insured's 70th birthday; or
(g) upon our receipt of your written request to terminate this supplementary benefit.
## Important Notes: [p.10]
All insurance applications are subject to our underwriting and acceptance. Submission of an application and payment of premium does not constitute and should not be construed as acceptance by us. We reserve the right to withdraw the plan or reject applications, at anytime or for any reason without notice.
This product summary does not form a part of any contract of insurance. It is intended only to be a simplified description of the product features applicable to this supplementary benefit and is not exhaustive. The contents of this product summary may vary from the terms of cover eventually issued. Please refer to the actual supplementary agreement for all terms and conditions, including exclusions whereby the benefits under your policy may not be paid out. You are advised to read the supplementary agreement. For the avoidance of doubt, only the terms and conditions as set out in the supplementary agreement will bind the parties.
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. You should consider carefully before terminating the policy or switching to a new one as there may be disadvantages in doing so. The new policy may cost more or have fewer benefits at the same cost.
---
### https://lifeinsurance.com.sg/api/product/aia/smart-flexi-rewards-ii/summary.md
# AIA Smart Flexi Rewards
(II)
**Insurer:** AIA Singapore (AIA Singapore Private Limited)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/201106386R/WA_Sum_201106386R_SFR2(RP)_Jul2025.pdf
## Source wording
- **Effective from:** 2025-07-01
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/201106386R/WA_Sum_201106386R_SFR2(RP)_Jul2025.pdf
- **PDF sha256:** `3c440a1b50fb3b77560c357c0757630b64364912616f77af0c2b4feae3538467`
- **Extraction confidence:** verified
## Extracted facts
### free look
```json
{
"period_days": 14,
"source_page": 5,
"refund_basis": "the insurer 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 the insurer."
}
```
### exclusions
```json
[
{
"text": "If the Insured commits suicide within one year from the policy issue date or date of reinstatement, whichever is later, our liability will be limited to a return of premiums paid without interest.",
"source_page": 2
}
]
```
### cash values
```json
{
"has_cash_value": true,
"non_guaranteed_bonus": {
"text": "Future bonuses (including annual and terminal bonuses) are not guaranteed and are adjusted depending on the experience of the Participating Fund. This includes, the past, prevailing and projected future investment returns and other experience factors. In particular, investment returns can be volatile and we may vary bonuses from time to time. As such, the actual bonuses credited in a particular year could differ from previous projections or illustrations. In times of substantial decline in investment returns, we may reduce bonuses significantly. Conversely, in times of substantial increases in investment returns, we may increase bonuses to higher than those originally projected at the time of purchase of your policy.",
"available": true,
"bonus_types": [
"reversionary",
"terminal"
],
"source_page": 1,
"par_fund_name": "AIA Participating Fund"
},
"guaranteed_surrender_value": {
"basis": "You may surrender your policy for its cash value, subject to deduction of any and all amounts owing to us under your policy.",
"available": true,
"source_page": 1
}
}
```
### product type
```json
"endowment"
```
### policy basics
```json
{
"maximum_policy_term_years": 30,
"minimum_policy_term_years": 15
}
```
### premium terms
```json
{
"payment_modes": [
"annual"
],
"premium_term_options": [
{
"label": "Regular Pay to maturity",
"description": "Premiums are payable until the policy matures.",
"source_page": 1
}
],
"premium_review_clause": {
"text": "The premium rates are guaranteed.",
"reviewable": false,
"source_page": 4
}
}
```
### suicide clause
```json
{
"source_page": 2,
"payout_within_period": "If the Insured commits suicide within one year from the policy issue date or date of reinstatement, whichever is later, our liability will be limited to a return of premiums paid without interest.",
"exclusion_period_months": 12
}
```
### document metadata
```json
{
"wording_version": "Ver. 5.0",
"product_full_name": "AIA Smart Flexi Rewards (II) (Regular Pay)",
"insurer_legal_entity": "AIA Singapore Private Limited (Reg. No. 201106386R)"
}
```
---
*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.*
---
### https://lifeinsurance.com.sg/api/product/aia/smart-flexi-rewards-ii/wording.md
# Product Summary for AIA Smart Flexi Rewards (II) (Regular Pay)
Ver. 5.0
To help you understand Life Participating Insurance policies better, please refer to 'Your Guide To Participating Policies' (YGTPP), which can be found at www.aia.com.sg or www.lia.org.sg. YGTPP is also available from your AIA Financial Services Consultant, your Financial Adviser or their representatives.
## 1. Provider of the Plan
AIA Singapore Private Limited (Reg. No. 201106386R) ("we, our, us, AIA Singapore")
1 Robinson Road
AIA Tower
Singapore 048542
## 2. Nature & Objective of the Plan
AIA Smart Flexi Rewards (II) (Regular Pay) is an endowment plan with yearly coupon payouts that is designed to help you maximise your savings. This plan allows you to customize your savings horizon, with policy terms ranging from 15 to 30 years. Premiums are payable until the policy matures.
This is a participating life insurance plan, which allows the policyholder to participate in the performance of the participating fund in the form of bonuses that are not guaranteed.
## 3. Benefits under the Plan
AIA Smart Flexi Rewards (II) (Regular Pay) provides you with the following benefits:
### a. Coupon Benefit
We will pay a guaranteed yearly coupon starting from 4th policy anniversary until the policy anniversary one year before maturity. Each coupon amount payable is equivalent to 40% of the Insured Amount.
Any coupon payments to you will be subject to deduction of any and all amounts owing to us under your policy.
You may choose to receive the coupon or leave it with us to accumulate interest at the prevailing rate. Our requirements must be satisfied before any such coupons can be withdrawn.
**Note:** The Insured Amount is equal to the Annual Premium before large case size discount. The Insured Amount is not the death benefit. It is used to determine the guaranteed yearly coupon, Guaranteed Maturity Amount and bonuses.
### b. Maturity Benefit
Upon maturity, we will pay:
(1) Guaranteed Maturity Amount being a percentage of the Insured Amount based on the applicable Policy Term, as set out in the table immediately below; and
(2) any bonuses added to your Basic Policy which you have not surrendered
plus any coupons which have been left to accumulate with us, after deducting any and all amounts owing to us under your policy.
#### Table of Guaranteed Maturity Amount based on Policy Term
| Policy Term (Years) | Guaranteed Maturity Amount (of Insured Amount) |
|---|---|
| 15 | 685% |
| 16 | 720% |
| 17 | 755% |
| 18 | 790% |
| 19 | 825% |
| 20 | 860% |
| 21 | 895% |
| 22 | 930% |
| 23 | 965% |
| 24 | 1000% |
| 25 | 1035% |
| 26 | 1070% |
| 27 | 1105% |
| 28 | 1140% |
| 29 | 1175% |
| 30 | 1210% |
Your policy will automatically terminate on the maturity date.
### c. Death Benefit
In the event of death of the Insured, we will pay:
(1) an amount being the higher of the following:
a) 101% of the total premium paid and/or waived on your Basic Policy based on the applicable Insured Amount (including any premium adjustment for premium payment mode), without interest, after deducting the total coupon paid; or
b) guaranteed cash value; and
(2) any bonuses added to your Basic Policy which you have not surrendered
plus any coupons which have been left to accumulate with us, after deducting any and all amounts owing to us under your policy.
Your policy will automatically terminate upon the death of the Insured.
### d. Surrender Value
You may surrender your policy for its cash value, subject to deduction of any and all amounts owing to us under your policy.
Your policy will automatically terminate once it is surrendered in full.
## Bonuses
You can receive bonuses in the form of Reversionary Bonus and Terminal Bonus.
### a. Reversionary Bonus (RB)
RB is a discretionary bonus that we may credit to your policy on an annual basis depending on the experience of the participating fund.
At Illustrated Investment Rate of Return of 4.25% per annum, the RB rate is illustrated to be as follows:
| Policy Year | AIA Smart Flexi Rewards (II) (Regular Pay) RB Rate (per annum) |
|---|---|
| Yearly, starting from the end of the 1st policy year | S$85 per S$1,000 Insured Amount, compounding at 8.50% |
In comparison, at an illustrated Investment Rate of Return of 3.00% per annum, the RB rate is expected to be adjusted downwards depending on the future outlook of the participating fund.
RB declared in a particular year (if any) could be different from what is illustrated in the Policy Illustration at the time you purchased this policy or in subsequent projected illustrations that may be quoted to you.
RB once declared and credited to your policy is guaranteed and will not be affected by any subsequent years' revisions. However, if you surrender your policy, we will pay the surrender value of accumulated RB which is only a proportion of the accumulated RB. Our requirements must be satisfied before the reversionary bonus can be surrendered, and any payouts will be subject to deduction of any and all amounts owing to us under your policy.
### b. Terminal Bonus (TB)
TB is a non-guaranteed discretionary bonus that may be payable upon death, surrender or at maturity.
Please refer to the Policy Illustration for the bonuses (including annual and terminal bonuses) amount at the illustrated Investment Rate of Return of 3.00% per annum and 4.25% per annum 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.
The Illustrated Investment Rate of Return is not guaranteed. The actual Investment Rate of Return will depend on the investment returns earned by the participating fund. As the bonus rates used for the benefits illustrated above are not guaranteed, the actual benefits payable may vary according to the future experience of the participating fund.
All guaranteed benefits, including bonuses, which have already been credited to your policy, will be provided for regardless of the future performance of the participating fund.
Future bonuses (including annual and terminal bonuses) are not guaranteed and are adjusted depending on the experience of the Participating Fund. This includes, the past, prevailing and projected future investment returns and other experience factors. In particular, investment returns can be volatile and we may vary bonuses from time to time. As such, the actual bonuses credited in a particular year could differ from previous projections or illustrations. In times of substantial decline in investment returns, we may reduce bonuses significantly. Conversely, in times of substantial increases in investment returns, we may increase bonuses to higher than those originally projected at the time of purchase of your policy.
Bonuses declared each year will be recommended, in writing, by the Appointed Actuary and approved by AIA Singapore's Board of Directors.
[p.1]
## 4. Exclusions
There are certain conditions under which no benefits will be payable. These are stated as exclusions in the policy contract. The exclusions for this plan include, but are not limited to, the following conditions. You are advised to read the policy contract for the full list of exclusions.
### Death Benefit
If the Insured commits suicide within one year from the policy issue date or date of reinstatement, whichever is later, our liability will be limited to a return of premiums paid without interest.
## 5. Investment of Assets
The premiums of the participating policies in the participating fund are invested in a range of assets and reflect the investment objectives:
(a) ensure that the participating fund is financially sound and is able to meet the regulatory fund solvency requirements at all times; and
(b) achieve an investment return sufficient to meet the guaranteed liabilities; and
(c) enable the declaration of bonuses at reasonable levels.
The participating fund is managed by:
**AIA Investment Management Private Limited**
1 Robinson Road, AIA Tower #08-00, Singapore 048542
The current investment mix as at 31 December 2024 and target investment mix are as follows:
| Asset Class | Target | Current |
|---|---|---|
| Bonds | 65% | 66% |
| Risky Assets* | 35% | 34% |
| Total | 100% | 100% |
*Includes listed common stocks, private equity, alternative investments, investments into funds and real estate. We may vary the risk assets allocation depending on market conditions.
The Illustrated Investment Rate of Return is not guaranteed. The actual Investment Rate of Return will depend on the investment returns earned by the participating fund. As the bonus rates used for the benefits illustrated above are not guaranteed, the actual benefits payable may vary according to the future experience of the participating fund.
All guaranteed benefits, including bonuses, which have already been credited to your policy, will be provided for regardless of the future performance of the participating fund.
Future bonuses (including annual and terminal bonuses) are not guaranteed and are adjusted depending on the experience of the Participating Fund. This includes, the past, prevailing and projected future investment returns and other experience factors. In particular, investment returns can be volatile and we may vary bonuses from time to time. As such, the actual bonuses credited in a particular year could differ from previous projections or illustrations. In times of substantial decline in investment returns, we may reduce bonuses significantly. Conversely, in times of substantial increases in investment returns, we may increase bonuses to higher than those originally projected at the time of purchase of your policy.
Bonuses declared each year will be recommended, in writing, by the Appointed Actuary and approved by AIA Singapore's Board of Directors.
[p.2]
### 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. The Participating Fund can be separated into different sub-groups; the figures below refer to the investment returns for the sub-group or class of products that this policy belongs to.
| | 2022 | 2023 | 2024 | Average over the last 3 years | Average over the last 5 years | Average over the last 10 years |
|---|---|---|---|---|---|---|
| Investment Returns | -8.8% | 5.8% | 6.7% | 1.0% | 2.6% | 3.8% |
### 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 vary 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 | Average over the last 3 years | Average over the last 5 years | Average over the last 10 years |
|---|---|---|---|---|---|---|
| Total Expense Ratio^ | 1.2% | 1.3% | 1.2% | 1.3% | 1.3% | 1.5% |
^The Total Expense Ratio is for the whole Participating Fund.
## 6. Types of Risks Affecting the Level of Bonuses
The key factors affecting the performance of the participating fund are investment returns, mortality and morbidity experience, lapse and surrender experience, business risks (including but not limited to product design, selling and marketing practices, and demographic changes) and expense experience of the participating fund as a whole.
We will determine the level of bonuses taking into account the current performance as well as future outlook for the participating fund.
## 7. Sharing of Risks
Investment risks are shared among all the policies within the same group or class of products. Investment risks include foreign exchange risk on equities. The other key risks affecting the value of the Participating Fund including mortality, morbidity, lapses and surrenders, expenses and business risks are mostly shared by all the policies in the Participating Fund.
In determining the level of bonuses that can be paid, the assets available to support the group or class of products that this participating policy belongs to are derived by accumulating the premiums paid and investment income, minus the payments attributed to the group of policies (e.g. death benefits, survival benefits, surrender benefits, annual dividend paid out (if any), distribution to shareholders, tax and expenses).
Please note that past performance may not be indicative of future performance.
Please note that past expense ratios may not be indicative of actual expenses that may be incurred in the future.
[p.3]
## 8. Smoothing of Bonuses
In order to provide an element of stability in the returns to policyholders, smoothing is applied by spreading profits and losses from one year to the next. This means that in years where experience is good, not all the profits will be distributed to policyholders through bonuses declared, but instead such profits may be used to maintain returns to policyholders in years where experience is poor. The long-term cost of smoothing is intended to be broadly neutral across generations of policyholders.
For RBs, the scales are usually reviewed once a year. There is no maximum amount by which the scales may change from one year to the next.
For TB, the scales are usually reviewed once a year. However, TB may be changed at any time, particularly in adverse financial conditions.
This product was launched in 2021. The RBs declared over the past 3 years are consistent with the RB illustrated at the Illustrated Investment Rate of Return of 4.25% per annum as shown in the Policy Illustration / Supplementary Illustration.
TB is only available from policy year 17 onwards for policy term 18 years and above and during maturity year for policy term less than 18 years. As such, there is no past experience available for TB yet.
## 9. Fees and Charges
This plan shares in the experience of the participating fund. This means that any expenses incurred by the plan can be charged to the policy including:
- commissions relating to participating policies;
- costs of acquiring new participating business (e.g. underwriting and issue expenses);
- costs of maintaining in-force participating business (e.g. premium collection, issuing renewal statements, administration system maintenance, financial and statutory reporting);
- investment expenses;
- taxation expenses;
- a reasonable and fair proportion of the general management and overhead expenses;
- claim expenses (e.g. mortality/morbidity, surrender); and
- any other expenses and charges properly attributable to the participating fund.
All expenses, except for commissions, are shared and charged to the assets backing the policy according to the Sharing of Risk described earlier. For commissions, the actual amount is charged to each individual policy. All fees and charges have been included in the calculation of the premium and will not be charged separately to you.
## 10. Adjustment in Premium Rates
The premium rates are guaranteed.
## 11. Impact of Early Surrender
You may wish to refer to the Policy Illustration which illustrates the surrender value you will receive if you intend to surrender your policy.
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. You should consider carefully before terminating the policy or switching to a new one as there may be disadvantages in doing so. The new policy may cost more or have fewer benefits at the same cost.
## 12. Update on Performance
You will receive an annual performance update which consists of the following:
- Participating Policy Annual Statement that sets out the illustrated benefits at maturity / surrender within 2 months of your policy anniversary; and
- Participating Fund Commentary on the performance of the participating fund and the outlook, usually by July every year.
Please note that past performance is not necessarily indicative of future performance.
[p.4]
## 13. Conflict of Interest
Potential conflicting interests may arise from time to time between this policy and other policies issued by us, or between the participating fund of this policy and other funds of other policies or other funds managed by us. In such cases, we will act fairly in respect of all policies issued us and all funds managed by us and to balance the interests of this policy and the relevant fund.
## 14. Related Parties Transactions
AIA Investment Management Private Limited, the manager of AIA participating funds, is a related party to AIA Singapore.
We will ensure that all related parties transactions are done in a just and equitable manner and carried out at arms' length.
For related party transactions which are considered material outsourcing, AIA Singapore will comply with its outsourcing guidelines which would require, among others, that the terms of the transaction are documented and that risks relating to business continuity management, monitoring and control, audit and inspection and performance standards are clearly set out.
## 15. Free-Look Period
After purchasing a life insurance policy, you have a 14-day free-look period starting from the day you receive your policy documents to review the documents carefully. During this time, if you choose to cancel your policy, the insurer 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 the insurer.
If you opted for an electronic copy of your Policy, the 14-day free-look period will start when you receive our SMS or email notification, informing you that the policy contract documents are available for your viewing on our customer portal.
If we have posted the policy to you, the 14-day free-look period will start seven (7) days from the date we posted the policy.
If the Policy was delivered to you by hand, the 14-day free-look period will start seven (7) days from the date on which the Policy was given to the postal / courier company or your insurance representative.
### Important Notes:
This insurance plan is underwritten by AIA Singapore. All insurance applications are subject to our underwriting and acceptance. Submission of an application and payment of premium does not constitute and should not be construed as acceptance by us. We reserve the right to withdraw the plan or reject applications, at anytime or for any reason without notice.
This product summary does not form a part of any contract of insurance. It is intended only to be a simplified description of the product features applicable to this plan and is not exhaustive. The contents of this product summary may vary from the terms of cover eventually issued. Please refer to the actual policy contract for all terms and conditions, including exclusions whereby the benefits under your policy may not be paid out. You are advised to read the policy contract. For the avoidance of doubt, only the terms and conditions as set out in the policy contract will bind the parties.
[p.5]
[p.6]
---
### https://lifeinsurance.com.sg/api/product/aia/smart-wealth-builder-series/summary.md
# AIA Smart Wealth Builder
Series
**Insurer:** AIA Singapore (AIA Singapore Private Limited)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/201106386R/WA_Sum_201106386R_SWB2(10P)_Jul2025.pdf
## Source wording
- **Effective from:** 2025-07-01
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/201106386R/WA_Sum_201106386R_SWB2(10P)_Jul2025.pdf
- **PDF sha256:** `fe970d6e55c72a9e7c83838d46a6f66b1355cc57c32ce2daf7ea4ee3162e1540`
- **Extraction confidence:** verified
## Extracted facts
### free look
```json
{
"period_days": 14,
"source_page": 9,
"refund_basis": "the insurer 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 the insurer."
}
```
### exclusions
```json
[
{
"text": "If the Insured commits suicide (regardless of sanity) within 1 year from the policy issue date or reinstatement date, whichever is later or otherwise specified, our liability shall be limited to the refund of premiums paid without interest.",
"source_page": 5
},
{
"text": "TPD Benefit exclusions: Any disability caused directly or indirectly, wholly or partly, by any of the following occurrences: (a) deliberate acts that endanger oneself, whether sane or insane, including any of the following: (i) violation or attempted violation of the law or resistance to arrest; or (ii) suicide or attempted suicide, intentional self-injury, or exposure to exceptional danger (except in an attempt to save human life); (b) engaging or taking part in air, military or naval service in time of declared or undeclared war or while under order for warlike operations or restoration of public order; or (c) entering, operating, or servicing, riding in or on, ascending or descending from or with any aerial device or conveyance (except where the Insured is in an aircraft operated by a commercial passenger airline on a regular scheduled passenger trip over its established passenger route or by the Republic of Singapore Air Force).",
"source_page": 5
},
{
"text": "Terminal Illness Benefit exclusions: (a) any Terminal Illness, the symptoms of which first occurred prior to the issue date or reinstatement date of your basic policy, or for which the Diagnosis of Terminal Illness was made within 30 days following the issue date or reinstatement date of your basic policy; or (b) where, in our opinion, the Terminal Illness was directly or indirectly due to Acquired Immunodeficiency Syndrome (AIDS) or infection by any Human Immunodeficiency Virus (HIV); or (c) any and all pre-existing illnesses, diseases, impairments or conditions from which the Insured was suffering prior to the issue date or reinstatement date of your basic policy, whichever is later, unless a declaration was made in the application for, or reinstatement of, your basic policy, and such application was specifically accepted by us.",
"source_page": 5
},
{
"text": "Terminal illness in the presence of HIV infection is excluded.",
"source_page": 2
}
]
```
### cash values
```json
{
"has_cash_value": true,
"non_guaranteed_bonus": {
"text": "The RB is a discretionary bonus that we may credit to your policy on an annual basis depending on the experience of the participating fund. The TB is a non-guaranteed, discretionary bonus that may be payable upon claim, maturity or surrender. Future bonuses (including annual and terminal bonuses) are not guaranteed and are adjusted depending on the experience of the Participating Fund. This includes, the past, prevailing and projected future investment returns and other experience factors.",
"available": true,
"bonus_types": [
"reversionary",
"terminal"
],
"source_page": 4,
"par_fund_name": "AIA Singapore Participating Fund"
},
"guaranteed_surrender_value": {
"basis": "Guaranteed cash value; upon full or partial surrender, policy pays cash value. Maturity benefit includes guaranteed cash value plus any bonuses not surrendered.",
"available": true,
"source_page": 3
}
}
```
### product type
```json
"endowment"
```
### policy basics
```json
{
"minimum_sum_assured": {
"amount": "Not explicitly stated; plan is denominated by Insured Amount linked to premium; minimum premiums vary by payment option",
"currency": "SGD",
"source_page": 1
},
"maximum_coverage_age": {
"basis": "age-last-birthday",
"years": 125,
"source_page": 1
},
"minimum_policy_term_years": "Policy matures on the policy anniversary on or after the Insured turns 125 years old"
}
```
### premium terms
```json
{
"cpf_eligible": {
"srs": true,
"notes": "Single Premium option accepts $15,000 SRS",
"source_page": 1,
"special_account": false,
"ordinary_account": false
},
"payment_modes": [
"single",
"annual"
],
"minimum_premium": {
"amount": 1500,
"currency": "SGD",
"source_page": 1
},
"premium_term_options": [
{
"label": "Single Premium",
"description": "Single Premium: $20,000 Cash / $15,000 SRS",
"source_page": 1
},
{
"label": "5-pay",
"description": "5 years: minimum premium $4,800",
"source_page": 1
},
{
"label": "10-pay",
"description": "10 years: minimum premium $3,600",
"source_page": 1
},
{
"label": "15-pay",
"description": "15 years: minimum premium $2,400",
"source_page": 1
},
{
"label": "20-pay",
"description": "20 years: minimum premium $1,500",
"source_page": 1
}
],
"premium_review_clause": {
"text": "The premium rates are guaranteed.",
"reviewable": false,
"source_page": 8
}
}
```
### suicide clause
```json
{
"source_page": 5,
"payout_within_period": "If the Insured commits suicide (regardless of sanity) within 1 year from the policy issue date or reinstatement date, whichever is later or otherwise specified, our liability shall be limited to the refund of premiums paid without interest.",
"exclusion_period_months": 12
}
```
### document metadata
```json
{
"wording_version": "Ver. 6.0",
"product_full_name": "AIA Smart Wealth Builder (II) (10-pay)",
"insurer_legal_entity": "AIA Singapore Private Limited (Reg. No. 201106386R)"
}
```
### terminal illness benefit
```json
{
"available": true,
"source_page": 2,
"acceleration_percent": 100,
"qualifying_definition": "any condition caused by illness or injury, where at the time of claim, despite all reasonable medical treatment, the Insured is expected to live for no more than 12 months."
}
```
---
*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.*
---
### https://lifeinsurance.com.sg/api/product/aia/smart-wealth-builder-series/wording.md
# Product Summary for AIA Smart Wealth Builder (II) (10-pay)
Ver. 6.0
To help you understand Life Participating Insurance policies better, please refer to 'Your Guide To Participating Policies' (YGTPP), which can be found at www.aia.com.sg or www.lia.org.sg. YGTPP is also available from your AIA Financial Services Consultant, your Financial Adviser or their representatives.
## 1. Provider of the Plan
AIA Singapore Private Limited (Reg. No. 201106386R) ("we, our, us, AIA Singapore")
1 Robinson Road
AIA Tower
Singapore 048542
## 2. Nature & Objective of the Plan
AIA Smart Wealth Builder (II) is a participating endowment plan designed to help you maximize your savings. You may either pay as Single Premium, or choose to pay premiums over 5, 10, 15 or 20 years.
The minimum premium for respective premium payment options are at least:
| Premium Payment Options | Minimum Premium |
|---|---|
| Single Premium | $20,000 Cash
$15,000 SRS |
| 5 years | $4,800 |
| 10 years | $3,600 |
| 15 years | $2,400 |
| 20 years | $1,500 |
Your policy will continue to accumulate until it matures on the policy anniversary on or after the Insured turns 125 years old.
This is a participating life insurance plan that allows you to participate in the performance of the participating fund in the form of bonuses that are not guaranteed.
## 3. Benefits under the Plan
AIA Smart Wealth Builder (II) provides you with the following benefits:
### a. Death Benefit
In the event of death of the Insured, we will pay the death benefit being equal to the higher of the following:
(a) 105% of the total premiums paid and/or waived (if any) on your basic policy based on the applicable Insured Amount (including any premium adjustment for premium payment mode); or
(b) (i) 101% of the guaranteed cash value and (ii) any bonuses added to your basic policy which you have not surrendered,
after deducting any and all amounts owing to us under your policy.
If a secondary Insured was appointed before the death of the Insured, death benefit will not be paid on the death of the Insured. Please refer to section 3 (d) for more information on Secondary Insured Option.
Your policy will automatically terminate after we have paid the death benefit.
[p.1]
### b. Total & Permanent Disability (TPD) Benefit
In the event of TPD of the Insured before the policy anniversary occurring on or immediately following the Insured's 70th birthday, we will pay, in one lump sum, the death benefit under this basic policy.
The Diagnosis of the TPD must be confirmed and certified by a Physician (or a Specialist as the case may be). The TPD Benefit is an accelerated benefit that accelerates the death benefit of the basic policy.
Your policy will automatically terminate once the death benefit is accelerated in full.
Before the policy anniversary occurring on or immediately following the Insured's 65th birthday, TPD means the Insured is not capable of doing or carrying out any work, occupation or profession, to earn or obtain any wages, compensation or profit. Such disability must continue uninterrupted for at least 6 consecutive months and there is no possibility of improvement for an indefinite time. This is not applicable to juvenile.
From the policy anniversary occurring on or immediately following the Insured's 65th birthday, TPD means the Insured is not capable of performing at least 2 of the following 6 Activities of Daily Living even with the aid of special equipment, and always to require the physical assistance of another person throughout the entire activity. Such disability must continue uninterrupted for at least 6 consecutive months and there is no possibility of improvement for an indefinite time.
Activities of Daily Living are:
(a) Transferring: the ability to move from a bed to an upright chair or wheelchair and vice versa
(b) Mobility: the ability to move indoors from room to room on level surfaces
(c) Toileting: the ability to use the lavatory or otherwise manage bowel and bladder functions so as to maintain a satisfactory level of personal hygiene
(d) Dressing: the ability to put on, take off, secure and unfasten all garments and as appropriate, any braces, artificial limbs or other surgical appliances
(e) Washing: the ability to wash in the bath or shower (including getting into and out of the bath or shower) or wash satisfactorily by any other means
(f) Feeding: the ability to feed oneself once food has been prepared and made available.
However, any of the following conditions* will be immediately recognised as TPD (applicable to juvenile as well):
(i) total and irrecoverable loss of sight of both eyes; or
(ii) loss by complete severance or the total and irrecoverable loss of use of 2 limbs at or above the wrist or ankle; or
(iii) total and irrecoverable loss of sight of 1 eye; and
a. loss by complete severance of 1 limb at or above the wrist or at or above the ankle; or
b. total and irrecoverable loss of use of 1 limb at or above the wrist or at or above the ankle.
*If the Insured is a juvenile, we will only admit these conditions as TPD.
An Insured will be considered a juvenile until such time he:
(a) reaches the age of 16 and he is gainfully employed or self-employed; or
(b) attains the age of 21,
whichever is earlier.
### c. Terminal Illness Benefit
If the Insured is diagnosed with a Terminal Illness while the basic policy is in force, we will pay the death benefit of this basic policy.
Terminal illness means "any condition caused by illness or injury, where at the time of claim, despite all reasonable medical treatment, the Insured is expected to live for no more than 12 months."
The specialist medical practitioner treating the condition must provide supporting evidence of the condition, possible medical treatment, the prognosis after undergoing the possible medical treatment, and certify that the Insured is expected to live for no more than 12 months despite all possible medical intervention. We reserve the right to appoint an independent medical specialist who is an expert in the condition to confirm the diagnosis and prognosis.
Terminal illness in the presence of HIV infection is excluded.
This Terminal Illness Benefit accelerates the payment of the death benefit under the basic policy.
[p.2]
### d. Secondary Insured Option
During the term of the policy, a Secondary Insured can be appointed to ensure the continuity of the policy upon death of the Insured.
#### When can appointment of Secondary Insured be made?
Policyholder/assignee can appoint, at the point of policy application or during the policy term, while the Insured is alive. Any application to change the Secondary Insured will supersede any existing appointment of Secondary Insured that was submitted to us previously.
#### Who can be the Secondary Insured?
The policyholder/assignee or the policyholder/assignee's spouse or child (who is below age 16). At the point of appointment, the Secondary Insured cannot exceed age 60.
Secondary Insured cannot be appointed if:
• the policy already has a nomination of beneficiary; or
• a trust is created under this policy; or
• the policyholder/assignee or Insured is not alive
If you wish to make a nomination of beneficiary or create a trust under this policy, you must first revoke the appointment of the Secondary Insured.
#### What happens in the event of death of the Insured, and a Secondary Insured has been appointed beforehand?
The Secondary Insured will become* the new Insured of the basic policy and the policy continues. We will only pay the death benefit on the death of the new Insured.
In the event of death of the Insured and when the Secondary Insured becomes the new Insured:
(a) the maturity date of the basic policy remains unchanged;
(b) any optional riders that is attached will be terminated; and
(c) any premium payments shall continue to be payable.
If any premium waiver benefit has been activated, premium will continue to be waived.
*this is conditional upon satisfaction of our customer due diligence check and prevailing rules and guidelines. In the event that we are unable to accept the Secondary Insured as the new Insured, claims proceed will be paid out and the policy will terminate.
### e. Maturity Benefit
If the Insured is alive on the maturity date while your policy is in force, we will pay you:
(a) the guaranteed cash value; and
(b) any bonuses added to your basic policy which you have not surrendered
after deducting any and all amounts owing to us.
Your policy will automatically terminate on the maturity date.
### f. Surrender Value
You may choose to either fully or partially surrender your policy for its cash value. For partial surrender of the policy, the Insured Amount will be reduced accordingly and subject to our terms and conditions. Future premiums payable (if any), and benefits will be adjusted based on the reduced Insured Amount. Your policy will automatically terminate once it is surrendered in full.
[p.3]
## Bonuses
You can receive bonuses in the form of Reversionary Bonus (RB) and Terminal Bonus (TB).
### a. Reversionary Bonus
The RB is a discretionary bonus that we may credit to your policy on an annual basis depending on the experience of the participating fund.
At an Illustrated Investment Rate of Return of 4.25% per annum, the RB rate is illustrated to be as follows:
| Policy Year | RB Rate (per annum) |
|---|---|
| Yearly, starting from end of 3rd Policy Year | $6 per $1,000 Insured Amount, compounding at 2.50% |
In comparison, at an illustrated Investment Rate of Return of 3.00% per annum, the RB rate is expected to be adjusted downwards depending on the future outlook of the participating fund.
The RB declared in a particular year (if any) could be different from what is illustrated in the Policy Illustration at the time you purchased this policy or in subsequent projected illustrations that may be quoted to you.
The RB once declared and credited to your policy, is guaranteed and will not be affected by any subsequent years' revisions. However, if you surrender your policy, we will pay the surrender value of accumulated RB which is only a proportion of the accumulated RB.
### b. Terminal Bonus
The TB is a non-guaranteed, discretionary bonus that may be payable upon claim, maturity or surrender.
At an Illustrated Investment Rate of Return of 4.25% per annum, the TB scale is illustrated to be as follows:
| End of Policy Year | TB as a % of accumulated RB on Claim / Maturity | TB as a % of surrender value of accumulated RB on Surrender |
|---|---|---|
| 3 to 9 | 120% to 120% | 120% to 120% |
| 10 to 20 | 120% to 359% | 120% to 359% |
| 21 to 30 | 366% to 411% | 366% to 411% |
| 31 to 40 | 417% to 484% | 417% to 484% |
| 41 to 50 | 491% to 559% | 491% to 559% |
| 51 and above | More than 567% | More than 567% |
In comparison, at an illustrated Investment Rate of Return of 3.00% per annum, the TB scale is expected to be adjusted downwards depending on the future outlook of the participating fund.
Please refer to the Policy Illustration for the bonuses (including annual and terminal bonuses) amount at the illustrated Investment Rate of Return of 4.25% per annum and 3.00% per annum 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.
The Illustrated Investment Rate of Return is not guaranteed. The actual Investment Rate of Return will depend on the investment returns earned by the participating fund. As the bonus rates used for the benefits illustrated above are not guaranteed, the actual benefits payable may vary according to the future experience of the participating fund.
All guaranteed benefits, including bonuses, which have already been credited to your policy, will be provided for regardless of the future performance of the participating fund.
[p.4]
Future bonuses (including annual and terminal bonuses) are not guaranteed and are adjusted depending on the experience of the Participating Fund. This includes, the past, prevailing and projected future investment returns and other experience factors. In particular, investment returns can be volatile and we may vary bonuses from time to time. As such, the actual bonuses credited in a particular year could differ from previous projections or illustrations. In times of substantial decline in investment returns, we may reduce bonuses significantly. Conversely, in times of substantial increases in investment returns, we may increase bonuses to higher than those originally projected at the time of purchase of your policy.
Bonuses declared each year will be recommended, in writing, by the Appointed Actuary and approved by AIA Singapore's Board of Directors.
## 4. Exclusions
There are certain conditions under which no benefits will be payable. These are stated as exclusions in the contract. The exclusions for this plan include, but are not limited to, the following conditions. You are advised to read the policy contract for the full list of exclusions.
### Death Benefit
If the Insured commits suicide (regardless of sanity) within 1 year from the policy issue date or reinstatement date, whichever is later or otherwise specified, our liability shall be limited to the refund of premiums paid without interest.
### TPD Benefit
Any disability caused directly or indirectly, wholly or partly, by any of the following occurrences:
(a) deliberate acts that endanger oneself, whether sane or insane, including any of the following:
(i) violation or attempted violation of the law or resistance to arrest; or
(ii) suicide or attempted suicide, intentional self-injury, or exposure to exceptional danger (except in an attempt to save human life);
(b) engaging or taking part in air, military or naval service in time of declared or undeclared war or while under order for warlike operations or restoration of public order; or
(c) entering, operating, or servicing, riding in or on, ascending or descending from or with any aerial device or conveyance (except where the Insured is in an aircraft operated by a commercial passenger airline on a regular scheduled passenger trip over its established passenger route or by the Republic of Singapore Air Force).
### Terminal Illness Benefit
Terminal Illness caused directly or indirectly, wholly or partially, by any of the following occurrences:
(a) any Terminal Illness, the symptoms of which first occurred prior to the issue date or reinstatement date of your basic policy, or for which the Diagnosis of Terminal Illness was made within 30 days following the issue date or reinstatement date of your basic policy; or
(b) where, in our opinion, the Terminal Illness was directly or indirectly due to Acquired Immunodeficiency Syndrome (AIDS) or infection by any Human Immunodeficiency Virus (HIV).
For the purpose of your basic policy:
(i) the definition of AIDS shall be that used by the World Health Organisation in 1987, or any subsequent revision by the World Health Organisation of such definition; and
(ii) infection shall be deemed to have occurred where blood or other relevant tests indicate, in our opinion, either the presence of any HIV or antibodies to HIV; or
(c) any and all pre-existing illnesses, diseases, impairments or conditions from which the Insured was suffering prior to the issue date or reinstatement date of your basic policy, whichever is later, unless a declaration was made in the application for, or reinstatement of, your basic policy, and such application was specifically accepted by us.
You are advised to read the policy contract for the full list of exclusions.
[p.5]
## 5. Investment of Assets
The premiums of the participating policies in the participating fund are invested in a range of assets that reflect the following investment objectives:
(a) ensure that the participating fund is financially sound and is able to meet the regulatory fund solvency requirements at all times; and
(b) achieve an investment return sufficient to meet the guaranteed liabilities; and
(c) enable the declaration of bonuses at reasonable levels.
The participating fund is managed by:
### AIA Investment Management Private Limited
1 Robinson Road, AIA Tower #08-00, Singapore 048542
The current investment mix as at 31 December 2024 and target investment mix are as follows:
| Asset Class | Target | Current |
|---|---|---|
| Bonds | 62% | 63% |
| Risky Assets* | 38% | 37% |
| Total | 100% | 100% |
*Includes listed common stocks, private equity, alternative investments, investments into funds and real estate. We may vary the risk assets allocation depending on market conditions.
### 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. The Participating Fund can be separated into different sub-groups; the figures below refer to the investment returns for the sub-group or class of products that this policy belongs to.
| | 2022 | 2023 | 2024 | Average over the last 3 years | Average over the last 5 years | Average over the last 10 years |
|---|---|---|---|---|---|---|
| Investment Returns | -9.3% | 5.8% | 7.1% | 0.9% | 2.7% | 3.9% |
### 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 vary significantly from the expected level of expenses, it may affect the non-guaranteed benefits you may receive.
Please note that past performance may not be indicative of future performance.
[p.6]
For our Participating Fund, the past Total Expense Ratios are shown in the table below.
| | 2022 | 2023 | 2024 | Average over the last 3 years | Average over the last 5 years | Average over the last 10 years |
|---|---|---|---|---|---|---|
| Total Expense Ratio^ | 1.2% | 1.3% | 1.2% | 1.3% | 1.3% | 1.5% |
^The Total Expense Ratio is for the whole Participating Fund.
Please note that past expense ratios may not be indicative of actual expenses that may be incurred in the future.
Please note that past performance is not necessarily indicative of future performance.
## 6. Types of Risks Affecting the Level of Bonuses
The key factors affecting the performance of the participating fund are investment returns, mortality and morbidity experience, lapse and surrender experience, business risks (including but not limited to product design, selling and marketing practices, and demographic changes) and expense experience of the participating fund as a whole.
We will determine the level of bonuses taking into account the current performance as well as future outlook for the participating fund.
## 7. Sharing of Risks
Investment risks are shared among all the policies within the same group or class of products. Investment risks include foreign exchange risk on equities. The other key risks affecting the value of the Participating Fund including mortality, morbidity, lapses and surrenders, expenses and business risks are mostly shared by all the policies in the Participating Fund.
In determining the level of bonuses that can be paid, the assets available to support the group or class of products that this participating policy belongs to are derived by accumulating the premiums paid and investment income, minus the payments attributed to the group of policies (e.g. death benefits, survival benefits, surrender benefits, dividends paid out (if any), distribution to shareholders, tax and expenses).
## 8. Smoothing of Bonuses
In order to provide an element of stability in the returns to policyholders, smoothing is applied by spreading profits and losses from one year to the next. This means that in years where experience is good, not all the profits will be distributed to policyholders through bonuses declared, but instead such profits may be used to maintain returns to policyholders in years where experience is poor. The long-term cost of smoothing is intended to be broadly neutral across generations of policyholders.
For RBs, the scales are usually reviewed once a year. There is no maximum amount by which the scales may change from one year to the next.
For TB, the scales are usually reviewed once a year. However, TB may be changed at any time, particularly in adverse financial conditions.
This product was launched in 2021. The RBs declared over the past 2 years are consistent with the RB illustrated at the Illustrated Investment Rate of Return of 4.25% per annum as shown in the Policy Illustration.
The TBs declared over the past 2 years are consistent with the TB illustrated at the Illustrated Investment Rate of Return of 4.25% per annum as shown in the Policy Illustration.
Please note that past performance is not necessarily indicative of future performance.
[p.7]
## 9. Fees and Charges
This plan shares in the experience of the participating fund. This means that any expenses incurred by the plan can be charged to the policy including:
• commissions relating to participating policies;
• costs of acquiring new participating business (e.g. underwriting and issue expenses);
• costs of maintaining in-force participating business (e.g. premium collection, issuing renewal statements, administration system maintenance, financial and statutory reporting);
• investment expenses;
• taxation expenses;
• a reasonable and fair proportion of the general management and overhead expenses;
• claim expenses (e.g. mortality/morbidity, surrender); and
• any other expenses and charges properly attributable to the participating fund.
All expenses, except for commissions, are shared and charged to the assets backing the policy according to the Sharing of Risk described earlier. For commissions, the actual amount is charged to each individual policy. All fees and charges have been included in the calculation of the premium and will not be charged separately to you.
## 10. Adjustment in Premium Rates
The premium rates are guaranteed.
## 11. Impact of Early Surrender
You may wish to refer to the Policy Illustration which illustrates the surrender value you will receive if you intend to surrender your policy.
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. You should consider carefully before terminating the policy or switching to a new one as there may be disadvantages in doing so. The new policy may cost more or have fewer benefits at the same cost.
## 12. Update on Performance
You will receive an annual performance update which consists of the following:
• Participating Policy Annual Statement that sets out the illustrated benefits at maturity / surrender within 2 months of your policy anniversary; and
• Participating Fund Commentary on the performance of the participating fund and the outlook, usually by July every year.
## 13. Conflict of Interest
Potential conflicting interests may arise from time to time between this policy and other policies issued by us, or between the participating fund of this policy and other funds of other policies or other funds managed by us. In such cases, we will act fairly in respect of all policies issued us and all funds managed by us and to balance the interests of this policy and the relevant fund.
## 14. Related Parties Transactions
AIA Investment Management Private Limited, the manager of AIA participating funds, is a related party to AIA Singapore.
We will ensure that all related parties transactions are done in a just and equitable manner and carried out at arms' length.
For related party transactions which are considered material outsourcing, AIA Singapore will comply with its outsourcing guidelines which would require, among others, that the terms of the transaction are documented and that risks relating to business continuity management, monitoring and control, audit and inspection and performance standards are clearly set out.
[p.8]
## 15. Free-Look Period
After purchasing a life insurance policy, you have a 14-day free-look period starting from the day you receive your policy documents to review the documents carefully. During this time, if you choose to cancel your policy, the insurer 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 the insurer.
If you opted for an electronic copy of your Policy, the 14-day free-look period will start when you receive our SMS or email notification, informing you that the policy contract documents are available for your viewing on our customer portal.
If we have posted the policy to you, the 14-day free-look period will start seven (7) days from the date we posted the policy.
If the Policy was delivered to you by hand, the 14-day free-look period will start seven (7) days from the date on which the Policy was given to the postal/courier company or your insurance representative.
### Important Notes:
This insurance plan is underwritten by AIA Singapore. All insurance applications are subject to our underwriting and acceptance. Submission of an application and payment of premium does not constitute and should not be construed as acceptance by us. We reserve the right to withdraw the plan or reject applications, at anytime or for any reason without notice.
This product summary does not form a part of any contract of insurance. It is intended only to be a simplified description of the product features applicable to this plan and is not exhaustive. The contents of this product summary may vary from the terms of cover eventually issued. Please refer to the actual policy contract for all terms and conditions, including exclusions whereby the benefits under your policy may not be paid out. You are advised to read the policy contract. For the avoidance of doubt, only the terms and conditions as set out in the policy contract will bind the parties.
[p.9]
---
### https://lifeinsurance.com.sg/api/product/great-eastern/direct-great-life-2/summary.md
# DIRECT -
GREAT Life II
**Insurer:** Great Eastern (The Great Eastern Life Assurance Company Limited)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/190800011G/PS(EN)_DIRECT%20GREAT%20Life%20II%2070_85_(SG)_v5.0.pdf
## Source wording
- **Effective from:** (not stated in document)
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/190800011G/PS(EN)_DIRECT%20GREAT%20Life%20II%2070_85_(SG)_v5.0.pdf
- **PDF sha256:** `814377b940a4445e013db355eeeba604aa462bb69a0377380edd9dae68327b05`
- **Extraction confidence:** verified
## Extracted facts
### free look
```json
{
"period_days": 14,
"source_page": 9,
"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
```json
[
{
"text": "We will not pay the death benefit if the life assured dies due to suicide, while sane or insane, within 1 year from the date of issue of the policy or from the date of any reinstatement, the policy will be rendered void and we will refund all premiums paid.",
"source_page": 3
},
{
"text": "We will not pay the TPD benefit for TPD resulting from: (a) self-inflicted injury, while sane or insane; (b) bodily injury sustained while the life assured is in or on an aircraft other than: (i) as a fare-paying passenger or a crew member on an aircraft licensed for passenger service and operated by a regular airline on a scheduled route; or (ii) as a member of the armed forces travelling as a passenger in a military transport aircraft; or (c) any pre-existing condition.",
"source_page": 3
},
{
"text": "We will not pay the terminal illness benefit for: (a) terminal illness in the presence of Human Immunodeficiency Virus (HIV) infection; or (b) terminal illness resulting from any pre-existing condition.",
"source_page": 3
}
]
```
### cash values
```json
{
"has_cash_value": true,
"non_guaranteed_bonus": {
"text": "The future bonuses which have yet to be declared are not guaranteed and are dependent on the performance of the participating fund. We will decide the level of bonus to be declared each year as approved by the board of directors, taking into account the written recommendation by the appointed actuary.",
"available": true,
"bonus_types": [
"reversionary",
"terminal"
],
"source_page": 4,
"par_fund_name": "Great Eastern Life Participating Fund"
},
"guaranteed_surrender_value": {
"basis": "Payable when policy is surrendered after at least 3 full policy years of premiums paid and policy has been in force for at least 3 years. See table of deductions in the policy illustration.",
"available": true,
"source_page": 2
}
}
```
### grace period
```json
{
"days": 30,
"source_page": 7
}
```
### product type
```json
"whole-life"
```
### underwriting
```json
{
"source_page": 8,
"pre_existing_treatment": "We may reject your claim if the life assured has a pre-existing condition and: has not declared it in the proposal form as required for a new policy (if applicable); or has not declared it in the reinstatement form as required for a reinstatement (if applicable); or has not declared it in the application form as required for an increase in the sum assured (if applicable)."
}
```
### policy basics
```json
{
"minimum_entry_age": {
"basis": "as-stated",
"years": 0,
"source_page": 2
},
"maximum_coverage_age": "whole-of-life"
}
```
### premium terms
```json
{
"payment_modes": [
"annual",
"semi-annual",
"quarterly",
"monthly"
],
"premium_term_options": [
{
"label": "DIRECT – GREAT Life II 70 — premium term up to age 70",
"description": "Up to age 70",
"source_page": 1
},
{
"label": "DIRECT – GREAT Life II 85 — premium term up to age 85",
"description": "Up to age 85",
"source_page": 1
}
],
"premium_review_clause": {
"text": "No. The premium rates for this plan are guaranteed and will not be changed.",
"reviewable": false,
"source_page": 3
}
}
```
### reinstatement
```json
{
"conditions": "you may reinstate the policy within 3 years from the date it lapsed and usual reinstatement conditions apply.",
"source_page": 7,
"window_years": 3
}
```
### non forfeiture
```json
{
"source_page": 7,
"automatic_premium_loan": {
"text": "If you do not pay your premiums on time, your policy may lapse (after 30 days grace period) depending on the net surrender value. If the policy has enough net surrender value, you will be given an automatic premium loan (APL).",
"available": true
}
}
```
### suicide clause
```json
{
"source_page": 3,
"payout_within_period": "We will not pay the death benefit if the life assured dies due to suicide, while sane or insane, within 1 year from the date of issue of the policy or from the date of any reinstatement, the policy will be rendered void and we will refund all premiums paid.",
"exclusion_period_months": 12
}
```
### document metadata
```json
{
"wording_version": "PS Version 5.0",
"product_full_name": "DIRECT – GREAT Life II",
"insurer_legal_entity": "The Great Eastern Life Assurance Company Limited (Registration No. 1908 00011G)",
"product_summary_pdf_url": "https://www.greateasternlife.com"
}
```
### terminal illness benefit
```json
{
"available": true,
"source_page": 2,
"acceleration_percent": 100,
"qualifying_definition": "an illness that is expected to result in the life assured's death within 12 months of the diagnosis. We require this diagnosis to be supported by a specialist and confirmed by our appointed doctor."
}
```
---
*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.*
---
### https://lifeinsurance.com.sg/api/product/great-eastern/direct-great-life-2/wording.md
# Product Summary
## DIRECT – GREAT Life II
Please keep this copy for reference.
The Great Eastern Life Assurance Company Limited (Registration No. 1908 00011G)
PS Version 5.0 (Errors and Omissions Excepted)
1 Pickering Street #01-01, Great Eastern Centre, Singapore 048659
Website: www.greateasternlife.com
[p.1]
## About your plan
DIRECT – GREAT Life II is a participating limited pay regular premium whole life plan. It provides financial protection against death, total and permanent disability and terminal illness. The plan allows you to take part in the performance of the participating fund in the form of bonuses that are not guaranteed.
You can choose from the 2 types of plans available as shown below:
| Plan Name | Premium Term |
|---|---|
| DIRECT – GREAT Life II 70 | Up to age 70 |
| DIRECT – GREAT Life II 85 | Up to age 85 |
The objective of the plan is to provide insurance protection together with stable medium- to long-term returns using a combination of guaranteed benefits and non-guaranteed bonuses.
## The provider of your plan
DIRECT – GREAT Life II is provided by The Great Eastern Life Assurance Company Limited, at 1 Pickering Street, #01-01, Great Eastern Centre, Singapore 048659.
The Great Eastern Life Assurance Company Limited is a wholly owned subsidiary of Great Eastern Holdings Limited and a member of the OCBC Group.
[p.1]
# Benefits
[p.2]
## Death benefit
We will pay the basic sum assured plus attaching bonus (if any), less any amounts owed to us, in one lump sum, if the life assured dies.
## Total and permanent disability benefit
We will pay the death benefit in one lump sum, if the life assured suffers from total and permanent disability (TPD).
| Life Assured's age | Life Assured suffers from a state of incapacity which is total and permanent, and which: | Applicable period |
|---|---|---|
| Above 15 years old | (a) is such that there is not at that time, nor at any time thereafter, any work, occupation or profession which the Life Assured can ever perform or follow sufficiently to earn or obtain any wage, remuneration or profit; or | Happens before the policy anniversary on which the Life Assured is 65 age next birthday. |
| | (b) takes the form of total and irrecoverable loss of:
(i) the sight in both eyes;
(ii) the use of 2 limbs at or above the wrist or ankle; or
(iii) the sight in 1 eye and the use of 1 limb at or above the wrist or ankle. | Applies for the whole of policy term. |
| 15 years old and below | (a) is such that the Life Assured has been confined to a home, hospital or other institution requiring constant care and medical attention for at least 6 consecutive months; or | Happens before the Life Assured turns 16 years old. |
| | (b) takes the form of total and irrecoverable loss of:
(i) the sight in both eyes;
(ii) the use of 2 limbs at or above the wrist or ankle; or
(iii) the sight in 1 eye and the use of 1 limb at or above the wrist or ankle. | Applies for the whole of policy term. |
TPD must, in the opinion of a registered medical practitioner, be deemed to be total and permanent.
The most we will pay in benefit for TPD for all policies and riders we have issued for each life assured is S$5,000,000.
## Terminal illness benefit
We will pay the death benefit, in one lump sum, on the conclusive diagnosis of an illness that is expected to result in the life assured's death within 12 months of the diagnosis.
We require this diagnosis to be supported by a specialist and confirmed by our appointed doctor.
## Surrender value
We will pay the surrender values when you surrender your policy after you have paid at least 3 full policy years of premiums and your policy has been in force for at least 3 years.
[p.2]
## What is the effect of early surrender?
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.
Please see the table of deductions in the policy illustration for the possible cost of surrendering the plan early.
[p.3]
## When will you not receive the benefits of this plan?
There are certain situations when we will not pay the benefits under the policy. These conditions are stated in the policy contract.
### Death benefit
We will not pay the death benefit if the life assured dies due to suicide, while sane or insane, within 1 year from the date of issue of the policy or from the date of any reinstatement, the policy will be rendered void and we will refund all premiums paid.
### Total and Permanent Disability benefit
We will not pay the TPD benefit for TPD resulting from:
(a) self-inflicted injury, while sane or insane;
(b) bodily injury sustained while the life assured is in or on an aircraft other than:
> (i) as a fare-paying passenger or a crew member on an aircraft licensed for passenger service and operated by a regular airline on a scheduled route; or
>
> (ii) as a member of the armed forces travelling as a passenger in a military transport aircraft; or
(c) any pre-existing condition.
### Terminal illness benefit
We will not pay the terminal illness benefit for:
(a) terminal illness in the presence of Human Immunodeficiency Virus (HIV) infection; or
(b) terminal illness resulting from any pre-existing condition.
The definitions of the exclusions are stated in the policy contract. You should read the policy contract for all the conditions.
## Will we change your premium rates for this plan?
No. The premium rates for this plan are guaranteed and will not be changed.
[p.3]
# Bonuses
[p.4]
## Types of bonuses
This plan provides both guaranteed and non-guaranteed benefits. The guaranteed benefits, including bonuses which have already been declared, will be paid no matter how the participating fund performs. Non-guaranteed benefits are in the form of future bonuses.
The future bonuses which have yet to be declared are not guaranteed and are dependent on the performance of the participating fund. We will decide the level of bonus to be declared each year as approved by the board of directors, taking into account the written recommendation by the appointed actuary.
There are two main types of bonuses for this plan – reversionary bonus and terminal bonus.
## Reversionary bonus
This is a bonus (if any) that we will declare yearly (if any). Once declared, it will form part of the guaranteed benefit of the policy. However, it can only be added to your policy benefits after 3 full policy years or otherwise as decided by us.
The illustrated reversionary bonus rates of the plan are as follows:
| End of each Policy Year | Reversionary Bonus (RB) based on Illustrated Investment Rate of Return of 4.25% p.a. | Reversionary Bonus (RB) based on Illustrated Investment Rate of Return of 3.00% p.a. |
|---|---|---|
| Year 1-20 | S$5.00 per S$1,000 sum assured and compounding at S$25.00 per S$1,000 per year of attaching reversionary bonuses | S$3.00 per S$1,000 sum assured and compounding at S$15.00 per S$1,000 per year of attaching reversionary bonuses |
| Year 21 onwards | S$5.50 per S$1,000 sum assured | S$3.30 per S$1,000 sum assured |
The two illustrated Investment Rates of Returns are used purely for illustrative purposes and do not represent upper and lower limits of the investment performance of the Participating Fund.
## Terminal bonus
The terminal bonus (if any) is a one-time bonus payable:
(a) when there is a claim admitted under your policy; or
(b) when you surrender your policy,
whichever event first occurs.
We usually review the terminal bonus yearly.
[p.4]
## How are the assets being invested and managed?
We will combine your premium(s), along with those of other participating policies, in one pool of assets in the participating fund.
The participating fund aims to achieve the illustrated investment rate of return while controlling risks by actively managing a mix of asset classes. We practise diversification by investing mainly in equities, fixed income and alternative asset classes.
We balance risk and return by strategically allocating across asset classes to generate the long-term returns. Asset classes invested in the Participating fund are exposed to Market Risk, Credit Risk and Liquidity Risk.
Interest rate derivatives such as interest rate swaps and treasury bond futures are used for asset-liability management via reducing the asset-liability duration gap. These derivatives are generally exposed to Interest Rate Risk, Basis Risk, and Liquidity Risk.
While we partly manage the assets of the participating fund, we have appointed Lion Global Investors Limited to mainly manage the assets.
The participating fund manager:
Lion Global Investors Limited
65 Chulia Street, OCBC Centre #18-01, Singapore 049513
[p.4]
The strategic asset allocation for the year 2025 and actual investment mix of the participating fund as at 31 Dec 2024 are as follows:
| Asset class | Strategic allocation | Actual allocation |
|---|---|---|
| Equities | 29% | 25% |
| Bonds | 58% | 62% |
| Properties | 7% | 7% |
| Loans | 5% | 5% |
| Cash and equivalent | 1% | 1% |
| Others | 0% | 0% |
| Total assets | 100% | 100% |
[p.5]
### 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 | Average of last 3 years | Average of last 5 years | Average of last 10 years |
|---|---|---|---|---|---|---|
| Investment returns | -7.91% | 6.37% | 4.26% | 0.71% | 2.39% | 3.68% |
Please note that past performance may not be indicative of future performance.
### Total expense ratio
The total expense ratio is the proportion of total expenses incurred by the participating fund to the total 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 | Average of last 3 years | Average of last 5 years | Average of last 10 years |
|---|---|---|---|---|---|---|
| Total expense ratio | 1.74% | 1.44% | 1.35% | 1.49% | 1.54% | 1.61% |
Please note that past expense ratios may not be indicative of actual expenses that may be incurred in the future.
[p.5]
## What are the risks that affect the level of bonuses?
The level of the bonuses depends on the current performance, the future outlook and the financial soundness of the participating fund. The main sources of risks affecting the performance of the participating fund include:
* investment returns;
* expenses incurred or allocated to the participating fund;
* the amount of death and sickness claims paid out on policies in the participating fund; and
* the number of surrendered policies in the participating fund.
[p.6]
## How are risks shared?
The risks arising from investment and surrendered policies are pooled and shared by all policies in the participating fund. Other risks may be shared among products that have the same features. Examples of these risks include expense risks, risks of people dying and the risks of people suffering from a disability or illness.
In deciding on the level of bonuses that we can pay, the values of the assets available to back the plan is calculated by accumulating the premiums paid at the actual rate of investment return less the expenses incurred, the cost of insurance and other costs that may be incurred in managing the participating fund.
## How are bonuses smoothed over time?
We smooth bonuses to make sure we can provide a stable medium- to long-term return on your policy. As a result, we may retain bonuses in good years to support the bonus in years when experience is less favourable. However, the effect of smoothing is intended to be neutral over time and across generations of policyholders.
### Reversionary bonus
Our bonus distribution policy is to keep the reversionary bonus at a level that we expect that it can be supported over the medium- to long-term. Thus, while we review the reversionary bonus yearly, we do not expect it to rise and fall much from year to year. Nevertheless, there may be significant adjustments under exceptional circumstances.
The reversionary bonus rates declared over the past 3 years (or shorter if the plan was launched later) are consistent with those illustrated using an Investment Rate of Return of 4.25% per annum as shown in the policy illustration and/or in the 'Bonuses' section of this product summary.
### Terminal bonus
We usually review the terminal bonus yearly. In exceptional circumstances, the review may be more frequent. The terminal bonus is more likely to change from year to year but our policy is to limit the yearly variation so that, under normal circumstances, the payout will not rise and fall too much over the short term.
We do not have the terminal bonus rates declared for this plan over the past 3 years.
Please note that past performance may not be indicative of future performance.
[p.6]
## How will you be updated on the performance of your policy?
You will receive an annual bonus update that will include the following:
* the performance of the participating fund and its future outlook, which you should receive around the second quarter of each year after bonus is declared for your policy; and
* an annual statement regarding bonuses for your policy, which you should receive around the second quarter of each year after bonus is declared for your policy. For policies with cash bonus, you should receive the relevant statement within one month from your policy anniversary only when the cash bonus is due.
Please refer to the 'Bonuses' section to see the type of bonus(es) applicable to your policy.
When there is a change in the rate of bonuses declared, you can ask us for an update of the illustrated values.
## Fees and charges
This plan shares in the experience of the participating fund. This means that all expenses and charges relating to operating and managing the participating fund, as well as all sales-related expenses, can be charged to the policy according to the risk-sharing rules described earlier.
Examples of these expenses include:
* investment fees paid to fund managers for providing investment management services to the participating fund;
* costs for mortality (death), morbidity (sickness), ending policies; and
* management fees
Please see the table of deductions in the policy illustration for more information.
Please note that we have included fees and charges when working out the premium and you will not be separately charged for these.
[p.7]
## Conflict of interest
The board of directors is responsible for the interests of all stakeholders, including our participating fund policyholders. We have put in place internal controls in the following areas where there could be conflicts of interest:
* expenses allocated to the participating fund out of the total expenses incurred by us; and
* the investment strategy of the participating fund.
These controls are in place to make sure that we manage any conflicts of interest so that the effect on the participating fund policyholders' benefit in total is minimal.
## Related-party transactions
Our main manager of the participating fund, Lion Global Investors Limited, is a 'related party'. All transactions with the related party will be approved by the relevant internal committee to make sure that transactions are done at arm's length.
[p.7]
# Risks of this policy
[p.7]
## What happens if you surrender the policy early?
If you surrender your policy after the free-look period, you may lose part or all of the premiums paid. This is because the surrender value, if any, that is payable to you may be zero or less than the total premiums paid.
Buying a new policy may mean we need to reassess the life assured's health and circumstances and may result in higher premiums and/or benefit exclusions due to the age and health status.
## What is the worst case scenario if you surrender your policy early?
There will be no protection if you surrender your policy early and you will also lose part or all of your premiums. The illustrated amount you will receive is reflected in the surrender value column in the policy illustration.
## What happens if you do not pay your premiums on time?
If you do not pay your premiums on time, your policy may lapse (after 30 days grace period) depending on the net surrender value. If the policy has enough net surrender value, you will be given an automatic premium loan (APL). If the policy lapses because it does not have enough net surrender value, you may reinstate the policy within 3 years from the date it lapsed and usual reinstatement conditions apply.
[p.7]
## What happens if your policy lapses?
There will be no protection if your policy lapses.
[p.8]
## What are the risks that we will refuse your claim?
The claim must meet the terms as shown in the policy contract before we can approve a claim.
We may reject your claim if the life assured has a pre-existing condition and :
* has not declared it in the proposal form as required for a new policy (if applicable); or
* has not declared it in the reinstatement form as required for a reinstatement (if applicable); or
* has not declared it in the application form as required for an increase in the sum assured (if applicable).
You are advised to read the policy contract for the exact definitions, terms and conditions, and full list of exclusions.
## What are some of the risks of a participating regular premium whole life plan?
This plan provides guaranteed and non-guaranteed benefits. We will pay the guaranteed benefits no matter how the participating fund performs. Non-guaranteed benefits do depend on the performance of the participating fund.
## Will you receive the bonuses if you surrender your policy?
You will receive the surrender value of declared bonuses and the terminal bonus (if any) when you surrender your policy.
## When will your policy be terminated?
Your policy will terminate on the earliest of the following events:
(a) when we receive the policyholder's written request for termination of the policy;
(b) when the life assured dies;
(c) when the life assured suffers from TPD or is diagnosed with terminal illness and such claim is admitted; or
(d) when the policy lapses, is surrendered or otherwise terminated.
You are advised to read the policy contract for the detailed terms and conditions.
## What happens if you have outstanding debts?
We will first use any amount payable under the policy to deduct any policy loan(s) and/or debt(s) before the balance amount is paid.
[p.8]
## What is the free-look period?
After purchasing a life insurance policy, you have a 14-day free-look period starting from the day you receive your policy documents to review the documents carefully. During this time, if you choose to cancel your 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.
If your policy document is sent by post, we will assume it has been delivered and received 7 days after the date of posting.
[p.9]
## 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 Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg or www.sdic.org.sg).
## General information
This product summary is for general information only. It is not a contract of insurance. The precise terms and conditions of this insurance plan are shown in the policy contract.
You are responsible for the accuracy and completeness of the information given to us:
(i) in any application for the policy; and
(ii) when making any claim under the policy.
This summary does not have regard to the specific investment objectives, financial situation and particular needs of any specific person. You should consider whether this product is suitable for you before making a commitment to purchase this product.
You may visit Great Eastern's website for information on how to make a claim.
You may also get a copy of "Your Guide to Participating Policies" from our website or ask us for a hardcopy.
This document may be translated into Chinese. If there is any difference between the English and Chinese versions, the English version will apply.
[p.9]
---
### https://lifeinsurance.com.sg/api/product/great-eastern/direct-great-term/summary.md
# DIRECT -
GREAT Term
**Insurer:** Great Eastern (The Great Eastern Life Assurance Company Limited)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/190800011G/PS(EN)_Direct%20-%20Great%20Term_(SG)_v3.0.pdf
## Source wording
- **Effective from:** (not stated in document)
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/190800011G/PS(EN)_Direct%20-%20Great%20Term_(SG)_v3.0.pdf
- **PDF sha256:** `a4fc4d4ecac0fa6570793af9e51c791a93b268e33353053da73d82877009251f`
- **Extraction confidence:** verified
## Extracted facts
### free look
```json
{
"period_days": 14,
"source_page": 3,
"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
```json
[
{
"text": "We will not pay the benefit if the life assured commits suicide, while sane or insane, within 1 year from the date we issue the policy or from the date of any reinstatement, whichever is later. The policy will be void.",
"source_page": 3
},
{
"text": "We will not pay any benefit for TPD resulting from: (a) self-inflicted injury, while sane or insane; (b) bodily injury sustained while in or on an aircraft other than: (i) as a fare-paying passenger or a crew member on an aircraft licensed for passenger service and operated by a regular airline on a scheduled route; or (ii) as a member of the armed forces travelling as a passenger in a military transport aircraft; or (c) any pre-existing illness or disability that was not made known to us prior to the date we issue the policy or date of any reinstatement (if applicable).",
"source_page": 3
},
{
"text": "We will not pay any benefit for terminal illness if the life assured has HIV infection.",
"source_page": 3
}
]
```
### cash values
```json
{
"has_cash_value": false,
"non_guaranteed_bonus": {
"available": false
},
"guaranteed_surrender_value": {
"basis": "As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely.",
"available": false,
"source_page": 3
}
}
```
### policy loan
```json
{
"available": false
}
```
### grace period
```json
{
"days": 30,
"source_page": 3
}
```
### product type
```json
"term-life"
```
### underwriting
```json
{
"source_page": 3,
"pre_existing_treatment": "We may reject your claim if the life assured has a pre-existing condition and: has not declared it in the proposal form as required for a new policy (if applicable); or has not declared it in the reinstatement form as required for a reinstatement (if applicable); or has not declared it in the application form as required for an increase in the sum assured (if applicable)."
}
```
### policy basics
```json
{
"minimum_entry_age": {
"basis": "as-stated",
"source_page": 2
},
"maximum_coverage_age": {
"basis": "age-next-birthday",
"years": 65,
"source_page": 2
},
"maximum_policy_term_years": "20 years or to age 65, or renewable 5-year terms up to age 80 next birthday",
"minimum_policy_term_years": 5
}
```
### premium terms
```json
{
"payment_modes": [
"annual",
"semi-annual",
"quarterly",
"monthly"
],
"premium_term_options": [
{
"label": "Regular pay – 20-year term",
"description": "DIRECT – Great Term with 20-year policy term",
"source_page": 2
},
{
"label": "Regular pay – to age 65",
"description": "DIRECT – Great Term with policy term up to age 65",
"source_page": 2
},
{
"label": "Regular pay – 5-year renewable term",
"description": "DIRECT – Great 5yr Term: 5 years renewable term (with Renewal Privilege), renewable up to age 80 next birthday",
"source_page": 2
}
],
"premium_review_clause": {
"text": "The premium rates for DIRECT - Great Term are guaranteed and will not be changed. Please note that premium rates for DIRECT - Great 5yr Term are guaranteed in the first 5 years. The premium rate applicable at the time of each renewal (every 5 years) is not guaranteed.",
"frequency": "every 5 years (at renewal only for Great 5yr Term)",
"reviewable": true,
"source_page": 3
}
}
```
### reinstatement
```json
{
"conditions": "reinstatement of this policy is allowed within 6 months from the lapse date and the usual reinstatement conditions apply.",
"source_page": 3,
"window_years": 0.5
}
```
### non forfeiture
```json
{
"paid_up": {
"text": "As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely.",
"available": false
},
"source_page": 3,
"extended_term": {
"text": "As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely.",
"available": false
},
"automatic_premium_loan": {
"text": "As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely.",
"available": false
}
}
```
### suicide clause
```json
{
"source_page": 3,
"payout_within_period": "We will refund all the premiums you have paid to you or your legal personal representative if you are both the life assured and policyholder of this policy, regardless whether you have transferred the legal right of this policy to someone else.",
"exclusion_period_months": 12
}
```
### document metadata
```json
{
"wording_version": "PS Version 3.0",
"product_full_name": "DIRECT – Great Term / Great 5yr Term",
"insurer_legal_entity": "The Great Eastern Life Assurance Company Limited (Reg. No. 1908 00011G)",
"product_summary_pdf_url": "https://www.greateasternlife.com"
}
```
### terminal illness benefit
```json
{
"available": true,
"source_page": 2,
"acceleration_percent": 100,
"qualifying_definition": "a definite diagnosis of an illness that is expected to result in the life assured's death within 12 months. We require this diagnosis to be supported by a registered medical practitioner and when we require, to be confirmed by our appointed medical practitioner."
}
```
---
*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.*
---
### https://lifeinsurance.com.sg/api/product/great-eastern/direct-great-term/wording.md
# Product Summary
## DIRECT – Great Term / Great 5yr Term
Please keep this copy for reference.
The Great Eastern Life Assurance Company Limited (Reg. No. 1908 00011G)
PS Version 3.0 (Errors and Omissions Excepted)
1 Pickering Street #01-01, Great Eastern Centre, Singapore 048659
Website: www.greateasternlife.com
[p.1]
## About your plan
DIRECT – Great Term / Great 5yr Term is a non-participating regular premium term insurance plan. It provides financial protection against death, terminal illness, and total and permanent disability during the policy term.
You can choose from the 3 types of plans available as shown below:
| Plan Name | Policy Term |
|-----------|------------|
| DIRECT – Great Term | 20 years |
| DIRECT – Great Term | Up to age 65 |
| DIRECT – Great 5yr Term | 5 years renewable term (with Renewal Privilege) |
## The provider of your plan
DIRECT – Great Term / Great 5yr Term is provided by The Great Eastern Life Assurance Company Limited, at 1 Pickering Street, #01-01, Great Eastern Centre, Singapore 048659.
The Great Eastern Life Assurance Company Limited is a wholly owned subsidiary of Great Eastern Holdings Limited and a member of the OCBC Group.
[p.2]
## Benefits
### Death benefit
We will pay the sum assured in one lump sum, if the life assured dies.
### Total and Permanent Disability (TPD) benefit
We will pay the death benefit if the life assured suffers from total and permanent disability (TPD) before the policy anniversary on which his age next birthday is 65 years. The policy will then end.
The disability is total and permanent only if:
(a) The life assured, due to accident or sickness, is disabled to such an extent as to be rendered totally unable to engage in any occupation, business or activity for income, remuneration or profit; and the disability must continue uninterrupted for at least 6 consecutive months from the time when the disability started; and the disability must, in the view of a medical examiner appointed by us, be deemed permanent with no possibility of improvement in the foreseeable future; or
(b) The life assured, due to accident or sickness, suffers total and irrecoverable loss of use of:
(i) the entire sight in both eyes; or
(ii) any two limbs at or above the wrist or ankle; or
(iii) the entire sight in one eye and any one limb at or above the wrist or ankle.
The most we will pay in TPD benefit for all policies and riders we have issued for each life assured is S$5,000,000.
### Terminal illness benefit
We will pay the death benefit in one lump sum on a definite diagnosis of an illness that is expected to result in the life assured's death within 12 months. The policy will then end.
We require this diagnosis to be supported by a registered medical practitioner and when we require, to be confirmed by our appointed medical practitioner.
### Renewal Privilege (Applicable only to DIRECT – Great 5yr Term)
This policy is renewable for the same sum assured at the time of expiry date or any subsequent expiry date but not later than the policy anniversary on which the life assured's age is 80 next birthday. The term of such renewal is 5 years. The revised premium payable upon renewal is not guaranteed and will be based on the same class of rating and factors including:
(a) the attained age of the life assured at each renewal date; and
(b) the occupation of the life assured at each renewal date.
## When will you not receive the benefits of this plan?
Benefits of this plan are not payable under certain conditions. These conditions are stated in the policy contract. The categories of exclusions that are common to all life insurers relate to:
• Suicide within one year (for Death benefit)
• Self-inflicted injury (for TPD benefit)
In addition to the above common categories of exclusions, all the exclusions for this plan are listed as follows:
### Death benefit
We will not pay the benefit if the life assured commits suicide, while sane or insane, within 1 year from the date we issue the policy or from the date of any reinstatement, whichever is later. The policy will be void.
We will refund all the premiums you have paid to you or your legal personal representative if you are both the life assured and policyholder of this policy, regardless whether you have transferred the legal right of this policy to someone else.
### TPD benefit
We will not pay any benefit for TPD resulting from:
(a) self-inflicted injury, while sane or insane;
(b) bodily injury sustained while in or on an aircraft other than:
(i) as a fare-paying passenger or a crew member on an aircraft licensed for passenger service and operated by a regular airline on a scheduled route; or
(ii) as a member of the armed forces travelling as a passenger in a military transport aircraft; or
(c) any pre-existing illness or disability that was not made known to us prior to the date we issue the policy or date of any reinstatement (if applicable).
### Terminal illness benefit
We will not pay any benefit for terminal illness if the life assured has HIV infection.
The definitions of the exclusions are stated in the policy contract. You should read the policy contract for all the conditions.
## Will we change your premium rates for this plan?
The premium rates for DIRECT - Great Term are guaranteed and will not be changed.
### For 5-year renewable term
Please note that premium rates for DIRECT - Great 5yr Term are guaranteed in the first 5 years. The premium rate applicable at the time of each renewal (every 5 years) is not guaranteed.
[p.3]
## Risks of this plan
### What happens if you surrender the policy early?
If you surrender your policy after the free-look period, you may lose part or all of the premiums paid. This is because the surrender value you receive, if any, that is payable to you may be zero or less than the total premiums paid.
Buying a new policy may mean we need to reassess the life assured's health and circumstances and may result in higher premiums and/or benefit exclusions due to the age and health status.
### What is the worst case scenario if you surrender your policy early?
There will be no protection under this policy if you surrender your policy early.
As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely.
### What happens if you do not pay your premiums on time?
If you do not pay your premiums on time, your policy will lapse (after 30 days grace period). However, reinstatement of this policy is allowed within 6 months from the lapse date and the usual reinstatement conditions apply.
### What happens if your policy lapses?
There will be no protection if your policy lapses.
### What are the risks that we will refuse your claim?
The claim must meet the terms as shown in the policy contract before we can approve a claim and these events must not fall under the list of exclusions.
We may reject your claim if the life assured has a pre-existing condition and:
• has not declared it in the proposal form as required for a new policy (if applicable); or
• has not declared it in the reinstatement form as required for a reinstatement (if applicable); or
• has not declared it in the application form as required for an increase in the sum assured (if applicable).
You are advised to read the policy contract for the exact definitions, terms and conditions and full list of exclusions.
### What are some of the risks of a non-participating term insurance?
There will be no protection after expiry of your policy.
When your policy expires and if you purchase a new one, underwriting may be required which may result in higher premiums and/or benefit exclusions due to your age and health status at point of re-application.
### When will your policy be terminated?
Your policy will terminate on the earliest of the following events:
• when the life assured dies;
• when the TPD benefit is paid out;
• when the life assured is diagnosed with a terminal illness;
• when the policy lapses;
• when the policy expires; or
• when we receive your written request for termination of this policy.
You are advised to read the policy contract for the detailed terms and conditions.
### What is the free-look period?
After purchasing a life insurance policy, you have a 14-day free-look period starting from the day you receive your policy documents to review the documents carefully. During this time, if you choose to cancel your 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.
If your policy document is sent by post, we will assume it has been delivered and received 7 days after the date of posting.
## Policy Owners' Protection Scheme
This plan 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 Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg or www.sdic.org.sg).
## General information
This product summary is for general information only. It is not a contract of insurance. The precise terms and conditions of this insurance plan are shown in the policy contract.
You are responsible for the accuracy and completeness of the information given to us:
(i) in any application for the policy; and
(ii) when making any claim under the policy.
This summary does not have regard to the specific investment objectives, financial situation and particular needs of any specific person. You should consider whether this product is suitable for you before making a commitment to purchase this product.
You may visit Great Eastern's website for information on how to make a claim.
This document may be translated into Chinese. If there is any difference between the English and Chinese versions, the English version will apply.
[p.4]
---
### https://lifeinsurance.com.sg/api/product/great-eastern/great-eastern-cares-term-plan/summary.md
# Great
Eastern Cares Term Plan
**Insurer:** Great Eastern (The Great Eastern Life Assurance Company Limited)
**MAS licence:** —
**Insurer product page:** https://www.greateasternlife.com/content/dam/great-eastern/sg/homepage/personal-insurance/our-products/life-insurance/great-eastern-cares-term-plan/product-summary.pdf
## Source wording
- **Effective from:** (not stated in document)
- **Ingested:** 2026-06-05
- **PDF source:** https://www.greateasternlife.com/content/dam/great-eastern/sg/homepage/personal-insurance/our-products/life-insurance/great-eastern-cares-term-plan/product-summary.pdf
- **PDF sha256:** `38d66486c751f9a79669ef2f2119026beb564f263183fc87a5676d3f493b5cc6`
- **Extraction confidence:** verified
## Extracted facts
### free look
```json
{
"period_days": 14,
"source_page": 4,
"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
```json
[
{
"text": "We will not pay the benefit if the life assured dies due to suicide while sane or insane within 12 months from the date we issue the policy or from the date of reinstatement (if applicable) of the policy. The policy will be void. We will refund all the premiums you have paid without interest.",
"source_page": 3
},
{
"text": "We will not pay any benefits for: (a) terminal illness in the presence of Human Immunodeficiency Virus (\"HIV\") infection; or (b) pre-existing terminal illness.",
"source_page": 3
}
]
```
### cash values
```json
{
"has_cash_value": false,
"guaranteed_surrender_value": {
"basis": "As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely.",
"available": false,
"source_page": 4
}
}
```
### policy loan
```json
{
"available": false
}
```
### grace period
```json
{
"days": 30,
"source_page": 4
}
```
### product type
```json
"term-life"
```
### underwriting
```json
{
"source_page": 4,
"pre_existing_treatment": "We may reject your claim if the life assured has a pre-existing condition and: has not declared it in the proposal form as required for a new policy (if applicable); or has not declared it in the reinstatement form as required for a reinstatement (if applicable); or has not declared it in the application form as required for an increase in the sum assured (if applicable)."
}
```
### policy basics
```json
{
"minimum_entry_age": {
"basis": "age-next-birthday",
"source_page": 2
},
"maximum_coverage_age": {
"basis": "age-next-birthday",
"years": 100,
"source_page": 2
}
}
```
### premium terms
```json
{
"payment_modes": [
"annual",
"semi-annual",
"quarterly",
"monthly"
],
"premium_review_clause": {
"text": "Please note that premium rates for the policy are guaranteed.",
"reviewable": false,
"source_page": 3
}
}
```
### reinstatement
```json
{
"conditions": "reinstatement of the policy is allowed within 3 years from the lapse date and the usual reinstatement conditions apply.",
"source_page": 4,
"window_years": 3
}
```
### non forfeiture
```json
{
"paid_up": {
"text": "As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely.",
"available": false
},
"source_page": 4,
"extended_term": {
"text": "As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely.",
"available": false
},
"automatic_premium_loan": {
"text": "As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely.",
"available": false
}
}
```
### suicide clause
```json
{
"source_page": 3,
"payout_within_period": "The policy will be void. We will refund all the premiums you have paid without interest.",
"exclusion_period_months": 12
}
```
### document metadata
```json
{
"wording_version": "PS Version 1.0 (Errors and Omissions Excepted)",
"product_full_name": "Great Eastern Cares Term Plan",
"insurer_legal_entity": "The Great Eastern Life Assurance Company Limited"
}
```
### terminal illness benefit
```json
{
"available": true,
"source_page": 3,
"acceleration_percent": 100,
"qualifying_definition": "an illness that is expected to result in the life assured's death within 12 months. We require this diagnosis to be supported by a specialist and when we require, to be confirmed by our appointed medical practitioner."
}
```
---
*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.*
---
### https://lifeinsurance.com.sg/api/product/great-eastern/great-eastern-cares-term-plan/wording.md
# Product Summary
## Great Eastern Cares Term Plan
Please keep this copy for reference.
The Great Eastern Life Assurance Company Limited (Registration No. 1908 00011G)
PS Version 1.0 (Errors and Omissions Excepted)
1 Pickering Street #01-01, Great Eastern Centre, Singapore 048659
Website: www.greateasternlife.com
[p.1]
## About your plan
Great Eastern Cares Term Plan is a non-participating, regular premium level term insurance plan that provides two options of policy terms, up to age 85 or 100 next birthday. It is designed to provide protection against death and terminal illness.
This plan is only available for purchase via selected non-profit organization.
## The provider of your plan
Great Eastern Cares Term Plan is provided by The Great Eastern Life Assurance Company Limited, at 1 Pickering Street, #01-01, Great Eastern Centre, Singapore 048659.
The Great Eastern Life Assurance Company Limited is a wholly owned subsidiary of Great Eastern Holdings Limited and a member of the OCBC Group.
[p.2]
## Benefits
### Death benefit
We will pay the following if the life assured dies during the term of the policy:
- (a) the basic sum assured; or
- (b) total premiums paid,
whichever is higher, and the policy will then end.
Total premiums paid refers to the premium of the basic policy (taking into account any adjustment based on the amount of the sum assured) multiplied by the premium frequency, multiplied by the number of complete policy years up to the next policy anniversary.
### Terminal illness benefit
We will pay the death benefit in one lump sum on a definite diagnosis of an illness that is expected to result in the life assured's death within 12 months.
We require this diagnosis to be supported by a specialist and when we require, to be confirmed by our appointed medical practitioner.
### When will you not receive the benefits of this plan?
There are certain situations when we will not pay the benefits under this plan. These are called exclusions in the contract. The following is a list of the exclusions for this plan:
#### Death benefit
We will not pay the benefit if the life assured dies due to suicide while sane or insane within 12 months from the date we issue the policy or from the date of reinstatement (if applicable) of the policy.
The policy will be void. We will refund all the premiums you have paid without interest.
#### Terminal illness benefit
We will not pay any benefits for:
- (a) terminal illness in the presence of Human Immunodeficiency Virus ("HIV") infection; or
- (b) pre-existing terminal illness.
You should read the policy contract for all the conditions.
### Will we change your premium rates for this plan?
Please note that premium rates for the policy are guaranteed.
[p.3]
## Risks of this plan
### What happens if you surrender the policy early?
If you surrender your policy after the free-look period, you may lose part or all of the premiums paid. This is because the surrender value, if any, that is payable to you may be zero or less than the total premiums paid.
Buying a new policy may mean we need to reassess the life assured's health and circumstances and may result in higher premiums and/or benefit exclusions due to the age and health status.
### What is the worst case scenario if you surrender your policy early?
There will be no protection under the policy if you surrender your policy early.
As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely.
### What happens if you do not pay your premiums on time?
If you do not pay your premiums on time, your policy will lapse (after 30 days grace period). However, reinstatement of the policy is allowed within 3 years from the lapse date and the usual reinstatement conditions apply.
### What happens if your policy lapses?
There will be no protection under the policy if your policy lapses.
### What are the risks that we will refuse your claim?
The claim must meet the definitions of the events as shown in the policy contract before we can approve a claim and these events must not fall under the list of exclusions.
We may reject your claim if the life assured has a pre-existing condition and:
- has not declared it in the proposal form as required for a new policy (if applicable); or
- has not declared it in the reinstatement form as required for a reinstatement (if applicable); or
- has not declared it in the application form as required for an increase in the sum assured (if applicable).
You are advised to read the policy contract for the exact definitions, terms and conditions, and full list of exclusions.
[p.4]
## When will your policy be terminated?
Your policy will terminate on the earliest of the following dates:
- (a) when the Policy lapses;
- (b) on the Date of Expiry;
- (c) on the date of death of the Life Assured;
- (d) on the date on which the Life Assured is diagnosed with a Terminal Illness and the claim is admitted; or
- (e) when the Company receives the Policyholder's written request for termination of this Policy.
You are advised to read the policy contract for the detailed terms and conditions.
## What is the free-look period?
After purchasing a life insurance policy, you have a 14-day free-look period starting from the day you receive your policy documents to review the documents carefully. During this time, if you choose to cancel your 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.
If your policy document is sent by post, we will assume it has been delivered and received 7 days after the date of posting.
## 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 Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg or www.sdic.org.sg).
## General information
This product summary is for general information only. It is not a contract of insurance. The precise terms and conditions of this insurance plan are shown in the policy contract.
You are responsible for the accuracy and completeness of the information given to us:
- (i) in any application for the policy; and
- (ii) when making any claim under the policy.
You can contact Great Eastern Customer Service for details on the procedures for withdrawing, surrendering or making claims under your policy. You may also visit Great Eastern's website for information on how to make a claim.
This document may be translated into Chinese. If there is any difference between the English and Chinese versions, the English version will apply.
---
### https://lifeinsurance.com.sg/api/product/great-eastern/great-flexi-goal/summary.md
# GREAT Flexi
Goal
**Insurer:** Great Eastern (The Great Eastern Life Assurance Company Limited)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/190800011G/PS(EN)_GREAT%20Flexi%20Goal_(SG)_v5.0.pdf
## Source wording
- **Effective from:** (not stated in document)
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/190800011G/PS(EN)_GREAT%20Flexi%20Goal_(SG)_v5.0.pdf
- **PDF sha256:** `1ff23f0c3e007e4dbd2d132e82a3070d56cb0a5ff69fbd7175a5dac743b14d57`
- **Extraction confidence:** verified
## Extracted facts
### free look
```json
{
"period_days": 14,
"source_page": 9,
"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
```json
[
{
"text": "We will not pay any benefit for death resulting from: (a) suicide, while sane or insane; or (b) any pre-existing condition, within 12 months from the date we issue the policy or from the date of reinstatement (if applicable) of the policy. The policy will be void. We will refund all the premiums you have paid without interest (after deducting any outstanding debt, and any benefits and/or bonuses paid).",
"source_page": 3
},
{
"text": "We will not pay the benefit for TPD resulting: (a) directly or indirectly, wholly or partly from self-inflicted injury, while sane or insane; (b) directly or indirectly, wholly or partly, from bodily injury sustained while in or on, or boarding or descending from, an aircraft other than as a: (i) fare-paying passenger or crew member on an aircraft licensed for passenger service and operated by a commercial airline on a scheduled route; (ii) passenger who is a member of the armed forces on a military transport aircraft; or (iii) provider of airport ground handling, aviation catering, aircraft engineering or other aviation-related services while the aircraft is on the ground; or (c) pre-existing TPD; or (d) a diagnosis of TPD due to a pre-existing condition within 12 months from the date of issue or from the date of reinstatement (if applicable) of the policy.",
"source_page": 3
},
{
"text": "We will not pay any benefit for: (a) Terminal Illness in the presence of Human Immunodeficiency Virus (\"HIV\") infection; (b) Pre-existing Terminal Illness; or (c) a diagnosis of Terminal Illness due to a Pre-existing Condition within twelve (12) months from the Date of Issue or the date of reinstatement (if applicable) of the Policy.",
"source_page": 3
}
]
```
### cash values
```json
{
"has_cash_value": true,
"non_guaranteed_bonus": {
"text": "The future bonuses which have yet to be declared are not guaranteed and are dependent on the performance of the participating fund. We will decide the level of bonus to be declared each year as approved by the board of directors, taking into account the written recommendation by the appointed actuary. Reversionary bonus (if any) is usually declared on a yearly basis; once declared, it will form part of the guaranteed benefit. Terminal bonus (if any) is a one-time bonus payable on claim, maturity or surrender.",
"available": true,
"bonus_types": [
"reversionary",
"terminal"
],
"source_page": 4,
"par_fund_name": "Great Eastern Life Participating Fund"
},
"guaranteed_surrender_value": {
"basis": "Payable after at least 3 full policy years of premiums paid and policy in force for at least 3 years; see table of deductions in the policy illustration",
"available": true,
"source_page": 3
}
}
```
### grace period
```json
{
"days": 30,
"source_page": 8
}
```
### product type
```json
"endowment"
```
### policy basics
```json
{
"minimum_entry_age": {
"basis": "as-stated",
"years": 0,
"source_page": 2
},
"maximum_coverage_age": {
"basis": "age-next-birthday",
"years": 65,
"source_page": 2
}
}
```
### premium terms
```json
{
"payment_modes": [
"annual"
],
"premium_review_clause": {
"text": "No. The premium rates for this plan are guaranteed and will not be changed.",
"reviewable": false,
"source_page": 4
}
}
```
### reinstatement
```json
{
"conditions": "You may reinstate the policy within 6 months from the date it lapsed and usual reinstatement conditions apply.",
"source_page": 8
}
```
### non forfeiture
```json
{
"source_page": 8,
"automatic_premium_loan": {
"text": "If you do not pay your premiums on time, your policy may lapse (after 30 days grace period) depending on the net surrender value. If the policy has enough net surrender value, you will be given an automatic premium loan (APL).",
"available": true
}
}
```
### suicide clause
```json
{
"source_page": 3,
"payout_within_period": "The policy will be void. We will refund all the premiums you have paid without interest (after deducting any outstanding debt, and any benefits and/or bonuses paid).",
"exclusion_period_months": 12
}
```
### document metadata
```json
{
"wording_version": "PS Version 5.0",
"product_full_name": "GREAT Flexi Goal",
"insurer_legal_entity": "The Great Eastern Life Assurance Company Limited (Registration No. 1908 00011G)",
"product_summary_pdf_url": "https://www.greateasternlife.com"
}
```
### terminal illness benefit
```json
{
"available": true,
"source_page": 3,
"acceleration_percent": 100,
"qualifying_definition": "A definite diagnosis of an illness that is expected to result in the life assured's death within 12 months. We require this diagnosis to be supported by a registered medical practitioner and when we require, to be confirmed by our appointed medical practitioner."
}
```
---
*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.*
---
### https://lifeinsurance.com.sg/api/product/great-eastern/great-flexi-goal/wording.md
# Product Summary
## GREAT Flexi Goal
Please keep this copy for reference.
The Great Eastern Life Assurance Company Limited (Registration No. 1908 00011G)
PS Version 5.0 (Errors and Omissions Excepted)
1 Pickering Street #01-01, Great Eastern Centre, Singapore 048659
Website: www.greateasternlife.com
[p.1]
## About your plan
GREAT Flexi Goal is a regular premium participating endowment plan. It provides a maturity benefit at the end of the policy term. It also provides financial protection against death, total and permanent disability and terminal illness. The plan allows you to take part in the performance of the participating fund in the form of bonuses that are not guaranteed.
The objective of the plan is to provide stable medium-to long-term returns together with insurance protection using a combination of guaranteed benefits and non-guaranteed bonuses.
## The provider of your plan
GREAT Flexi Goal is provided by The Great Eastern Life Assurance Company Limited, at 1 Pickering Street, #01-01, Great Eastern Centre, Singapore 048659.
The Great Eastern Life Assurance Company Limited is a wholly owned subsidiary of Great Eastern Holdings Limited and a member of the OCBC Group.
[p.1]
## Benefits
### Death benefit
We will pay the following in one lump sum, plus attaching bonuses (if any), if the life assured dies:
(a) 105% of total standard yearly premiums paid; or
(b) guaranteed surrender value,
whichever is higher.
Standard yearly premium refers to the premium of the basic policy on a yearly basis, taking into account any adjustment based on the amount of the sum assured, but excluding any extra loadings or discounts.
### Total and permanent disability benefit
We will pay the death benefit in one lump sum, if the life assured suffers from total and permanent disability (TPD).
| Life Assured's age | Life Assured suffers from a state of incapacity which is total and permanent, and which: | Applicable period |
|---|---|---|
| Above 15 years old | (a) is such that there is not at that time, nor at any time thereafter, any work, occupation or profession which the Life Assured can ever perform or follow sufficiently to earn or obtain any wage, remuneration or profit; or | Happens before the policy anniversary on which the Life Assured is 65 age next birthday. |
| | (b) takes the form of total and irrecoverable loss of:
(i) the sight in both eyes;
(ii) the use of 2 limbs at or above the wrist or ankle; or
(iii) the sight in 1 eye and the use of 1 limb at or above the wrist or ankle. | Applies for the whole of policy term. |
| 15 years old and below | (a) is such that the Life Assured has been confined to a home, hospital or other institution requiring constant care and medical attention for at least 6 consecutive months; or | Happens before the Life Assured turns 16 years old. |
| | (b) takes the form of total and irrecoverable loss of:
(i) the sight in both eyes;
(ii) the use of 2 limbs at or above the wrist or ankle; or
(iii) the sight in 1 eye and the use of 1 limb at or above the wrist or ankle. | Applies for the whole of policy term. |
TPD must, in the opinion of a registered medical practitioner, be deemed to be total and permanent.
The most we will pay in benefit for TPD for all policies and riders we have issued for each life assured is S$5,000,000.
[p.2]
### Terminal illness benefit
We will pay the death benefit in one lump sum on a definite diagnosis of an illness that is expected to result in the life assured's death within 12 months.
We require this diagnosis to be supported by a registered medical practitioner and when we require, to be confirmed by our appointed medical practitioner.
### Maturity benefit
We will pay a guaranteed maturity benefit plus attaching bonuses (if any) when the policy matures, if the life assured is still surviving at the end of the policy term.
Please see the maturity benefit in the policy illustration for the illustrated amount that you will receive if the life assured is still surviving at the end of the policy term.
### Surrender value
We will pay the surrender values when you surrender your policy after you have paid at least 3 full policy years of premiums and your policy has been in force for at least 3 years.
### What is the effect of early surrender?
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.
Please see the table of deductions in the policy illustration for the possible cost of surrendering the plan early.
### When will you not receive the benefits of this plan?
There are certain situations when we will not pay the benefits under this policy. These conditions are stated in the policy contract.
#### Death benefit
We will not pay any benefit for death resulting from:
(a) suicide, while sane or insane; or
(b) any pre-existing condition,
within 12 months from the date we issue the policy or from the date of reinstatement (if applicable) of the policy. The policy will be void. We will refund all the premiums you have paid without interest (after deducting any outstanding debt, and any benefits and/or bonuses paid).
#### TPD benefit
We will not pay the benefit for TPD resulting:
(a) directly or indirectly, wholly or partly from self-inflicted injury, while sane or insane;
(b) directly or indirectly, wholly or partly, from bodily injury sustained while in or on, or boarding or descending from, an aircraft other than as a:
(i) fare-paying passenger or crew member on an aircraft licensed for passenger service and operated by a commercial airline on a scheduled route;
(ii) passenger who is a member of the armed forces on a military transport aircraft; or
(iii) provider of airport ground handling, aviation catering, aircraft engineering or other aviation-related services while the aircraft is on the ground; or
(c) pre-existing TPD; or
(d) a diagnosis of TPD due to a pre-existing condition within 12 months from the date of issue or from the date of reinstatement (if applicable) of the policy.
#### Terminal illness benefit
We will not pay any benefit for:
(a) Terminal Illness in the presence of Human Immunodeficiency Virus ("HIV") infection;
(b) Pre-existing Terminal Illness; or
(c) a diagnosis of Terminal Illness due to a Pre-existing Condition within twelve (12) months from the Date of Issue or the date of reinstatement (if applicable) of the Policy.
You should read the policy contract for all the conditions.
[p.3]
## Will we change your premium rates for this plan?
No. The premium rates for this plan are guaranteed and will not be changed.
## Bonuses
### Types of bonuses
This plan provides both guaranteed and non-guaranteed benefits. The guaranteed benefits, including bonuses which have already been declared, will be paid no matter how the participating fund performs. Non-guaranteed benefits are in the form of future bonuses.
The future bonuses which have yet to be declared are not guaranteed and are dependent on the performance of the participating fund. We will decide the level of bonus to be declared each year as approved by the board of directors, taking into account the written recommendation by the appointed actuary.
There are two main types of bonuses for this plan – reversionary bonus and terminal bonus.
### Reversionary bonus
This bonus (if any) is usually declared on a yearly basis. Once declared, it will form part of the guaranteed benefit of the policy. However, it can only be added to your policy benefits after 3 full policy years or otherwise as decided by us.
The illustrated reversionary bonus rates of the plan are as follows:
#### GREAT Flexi Goal:
| End of each Policy Year | Reversionary Bonus |
|---|---|
| Illustrated Investment Rate of Return of 4.25% p.a.
Per S$1,000 basic sum assured | S$2.50 |
| Compounding annually at | 1.50% |
| Illustrated Investment Rate of Return of 3.00% p.a.
Per S$1,000 basic sum assured | S$1.90 |
| Compounding annually at | 1.19% |
#### GREAT Flexi Goal (Limited-Pay):
| End of each Policy Year | Reversionary Bonus |
|---|---|
| Illustrated Investment Rate of Return of 4.25% p.a.
Per S$1,000 basic sum assured | S$2.50 |
| Compounding annually at | 1.50% |
| Illustrated Investment Rate of Return of 3.00% p.a.
Per S$1,000 basic sum assured | S$1.80 |
| Compounding annually at | 1.10% |
The two illustrated investment rates of returns are used purely for illustrative purposes and do not represent upper and lower limits of the investment performance of the Participating Fund.
[p.4]
### Terminal bonus
The terminal bonus (if any) is a one-time bonus payable:
(a) when there is a claim admitted under the policy;
(b) when your policy matures; or
(c) when you surrender your policy,
whichever event first occurs.
We usually review the terminal bonus yearly.
[p.4]
## How are the assets being invested and managed?
We will combine your premium(s), along with those of other participating policies, in one pool of assets in the participating fund.
The participating fund aims to achieve the illustrated investment rate of return while controlling risks by actively managing a mix of asset classes. We practise diversification by investing mainly in equities, fixed income and alternative asset classes.
We balance risk and return by strategically allocating across asset classes to generate the long-term returns. Asset classes invested in the Participating fund are exposed to Market Risk, Credit Risk and Liquidity Risk.
Interest rate derivatives such as interest rate swaps and treasury bond futures are used for asset-liability management via reducing the asset-liability duration gap. These derivatives are generally exposed to Interest Rate Risk, Basis Risk, and Liquidity Risk.
While we partly manage the assets of the participating fund, we have appointed Lion Global Investors Limited to mainly manage the assets.
The participating fund manager:
Lion Global Investors Limited
65 Chulia Street, OCBC Centre #18-01, Singapore 049513
The strategic asset allocation for the year 2025 and actual investment mix of the participating fund as at 31 Dec 2024 are as follows:
| Asset class | Strategic allocation | Actual allocation |
|---|---|---|
| Equities | 29% | 25% |
| Bonds | 58% | 62% |
| Properties | 7% | 7% |
| Loans | 5% | 5% |
| Cash and equivalent | 1% | 1% |
| Others | 0% | 0% |
| Total assets | 100% | 100% |
### 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 | Average of last 3 years | Average of last 5 years | Average of last 10 years |
|---|---|---|---|---|---|---|
| Investment returns | -7.91% | 6.37% | 4.26% | 0.71% | 2.39% | 3.68% |
Please note that past performance may not be indicative of future performance.
### Total expense ratio
The total expense ratio is the proportion of total expenses incurred by the participating fund to the total 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 | Average of last 3 years | Average of last 5 years | Average of last 10 years |
|---|---|---|---|---|---|---|
| Total expense ratio | 1.74% | 1.44% | 1.35% | 1.49% | 1.54% | 1.61% |
Please note that past expense ratios may not be indicative of actual expenses that may be incurred in the future.
[p.5]
## What are the risks that affect the level of bonuses?
The level of the bonuses depends on the current performance, the future outlook and the financial soundness of the participating fund. The main sources of risks affecting the performance of the participating fund include:
• investment returns;
• expenses incurred or allocated to the participating fund;
• the amount of death and sickness claims paid out on policies in the participating fund; and
• the number of surrendered policies in the participating fund.
## How are risks shared?
The risks arising from investment and surrendered policies are pooled and shared by all policies in the participating fund. Other risks may be shared among products that have the same features. Examples of these risks include expense risks, risks of people dying and the risks of people suffering from a disability or illness.
In deciding on the level of bonuses that we can pay, the values of the assets available to back the plan is calculated by accumulating the premiums paid at the actual rate of investment return less the expenses incurred, the cost of insurance, commission paid and other costs that may be incurred in managing the participating fund.
## How are bonuses smoothed over time?
We smooth bonuses to make sure we can provide a stable medium- to long-term return on your policy. As a result, we may retain bonuses in good years to support the bonus in years when experience is less favourable. However, the effect of smoothing is intended to be neutral over time and across generations of policyholders.
### Reversionary bonus
Our bonus distribution policy is to keep the reversionary bonus at a level that we expect that it can be supported over the medium- to long-term. Thus, while we review the reversionary bonus yearly, we do not expect it to rise and fall much from year to year. Nevertheless, there may be significant adjustments under exceptional circumstances.
The reversionary bonus rates declared over the past 3 years (or shorter if the plan was launched later) are consistent with those illustrated using an Investment Rate of Return of 4.25% per annum as shown in the policy illustration and/or in the 'Bonuses' section of this product summary.
[p.6]
### Terminal bonus
We usually review the terminal bonus yearly. In exceptional circumstances, the review may be more frequent. The terminal bonus is more likely to change from year to year but our policy is to limit the yearly variation so that, under normal circumstances, the payout will not rise and fall too much over the short term.
We do not have the terminal bonus rates declared for this plan over the past 3 years.
Please note that past performance may not be indicative of future performance.
## How will you be updated on the performance of your policy?
You will receive an annual bonus update that will include the following:
• the performance of the participating fund and its future outlook, which you should receive around the second quarter of each year after bonus is declared for your policy; and
• an annual statement regarding bonuses for your policy, which you should receive around the second quarter of each year after bonus is declared for your policy. For policies with cash bonus, you should receive the relevant statement within one month from your policy anniversary only when the cash bonus is due.
Please refer to the 'Bonuses' section to see the type of bonus(es) applicable to your policy.
When there is a change in the rate of bonuses declared, you can ask us for an update of the illustrated values.
## Fees and charges
This plan shares in the experience of the participating fund. This means that all expenses and charges relating to operating and managing the participating fund, as well as all sales-related expenses, can be charged to the policy according to the risk-sharing rules described earlier.
Examples of these expenses include:
• commission fees paid to agents or intermediaries;
• investment fees paid to fund managers for providing investment management services to the participating fund;
• costs for mortality (death), morbidity (sickness), ending policies;
• management fees
Please see the table of deductions in the policy illustration for more information.
Please note that we have included fees and charges when working out the premium and you will not be separately charged for these.
[p.7]
## Conflict of interest
The board of directors is responsible for the interests of all stakeholders, including our participating fund policyholders. We have put in place internal controls in the following areas where there could be conflicts of interest:
• Expenses allocated to the participating fund out of the total expenses incurred by us.
• The investment strategy of the participating fund.
These controls are in place to make sure that we manage any conflicts of interest so that the effect on the participating fund policyholders' benefit in total is minimal.
## Related-party transactions
Our main manager of the participating fund, Lion Global Investors Limited, is a 'related party'. All transactions with the related party will be approved by the relevant internal committee to make sure that transactions are done at arm's length.
[p.7]
## Risks of this plan
### What happens if you surrender the policy early?
If you surrender your policy after the free-look period, you may lose part or all of the premiums paid. This is because the surrender value you receive, if any, that is payable to you may be zero or less than the total premiums paid.
Buying a new policy may mean we need to reassess the life assured's health and circumstances and may result in higher premiums and/or benefit exclusions due to the age and health status.
### What is the worst case scenario if you surrender your policy early?
There will be no protection if you surrender your policy early and you will also lose part or all of your premiums. The illustrated amount you will receive is reflected in the surrender value column in the policy illustration.
### What happens if you do not pay your premiums on time?
If you do not pay your premiums on time, your policy may lapse (after 30 days grace period) depending on the net surrender value. If the policy has enough net surrender value, you will be given an automatic premium loan (APL). If the policy lapses because it does not have enough net surrender value, you may reinstate the policy within 6 months from the date it lapsed and usual reinstatement conditions apply.
### What happens if your policy lapses?
There will be no protection if your policy lapses.
### What are the risks that we will refuse your claim?
The claim must meet the definitions of the events as shown in the contract before we can approve a claim and these events must not fall under the list of exclusions.
We may reject your claim if the life assured has a pre-existing condition.
You are advised to read the policy contract for the exact definitions, terms and conditions, and full list of exclusions.
[p.8]
### What are some of the risks of a participating regular premium endowment plan?
There will be no protection after the plan matures. When this plan matures, if you buy a new one, we need to reassess the life assured's health and circumstances and this may result in higher premiums and/or benefit exclusions due to the age and health status.
This plan provides guaranteed and non-guaranteed benefits. We will pay the guaranteed benefits no matter how the participating fund performs. Non-guaranteed benefits do depend on the performance of the participating fund.
### Will you receive the bonuses if you surrender your policy?
You will receive the surrender value of declared bonuses and the terminal bonus (if applicable) when you surrender your policy.
### When will your policy be terminated?
Your policy will terminate on the earliest of the following events:
(a) when the life assured dies;
(b) when the life assured is diagnosed with a TPD and the claim is admitted;
(c) when the life assured is diagnosed with terminal illness and the claim is admitted; or
(d) when the policy matures, lapses, is surrendered or otherwise terminated.
You are advised to read the policy contract for the detailed terms and conditions.
### What happens if you have outstanding debts?
We will first use any amount payable under the policy to deduct any debt before the balance amount is paid.
### What is the free-look period?
After purchasing a life insurance policy, you have a 14-day free-look period starting from the day you receive your policy documents to review the documents carefully. During this time, if you choose to cancel your 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.
If your policy document is sent by post, we will assume it has been delivered and received 7 days after the date of posting.
[p.9]
### 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 Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg or www.sdic.org.sg).
[p.9]
## General information
This product summary is for general information only. It is not a contract of insurance. The precise terms and conditions of this insurance plan are shown in the policy contract.
You are responsible for the accuracy and completeness of the information given to us:
(i) in any application for the policy; and
(ii) when making any claim under the policy.
You can contact your financial representative for details on the procedures for withdrawing, surrendering or making claims under your policy. You may also visit Great Eastern's website for information on how to make a claim.
You may also get a copy of "Your Guide to Participating Policies" from our website or ask us for a hardcopy.
This document may be translated into Chinese. If there is any difference between the English and Chinese versions, the English version will apply.
[p.10]
---
### https://lifeinsurance.com.sg/api/product/great-eastern/great-flexi-protect-series-3/summary.md
# GREAT Flexi
Protect Series 3
**Insurer:** Great Eastern (The Great Eastern Life Assurance Company Limited)
**MAS licence:** —
**Insurer product page:** https://www.greateasternlife.com/content/dam/corp-site/great-eastern/sg/homepage/personal-insurance/our-products/life-insurance/great-flexi-protect-series/great-flexi-protect-brochure-english.pdf
## Source wording
- **Effective from:** (not stated in document)
- **Ingested:** 2026-06-05
- **PDF source:** https://www.greateasternlife.com/content/dam/corp-site/great-eastern/sg/homepage/personal-insurance/our-products/life-insurance/great-flexi-protect-series/great-flexi-protect-brochure-english.pdf
- **PDF sha256:** `10ff2b5a6cc2b7abd414535dd893a66537a5e939d389bb255fe01e16d8a62410`
- **Extraction confidence:** inferred
## Extracted facts
### riders
```json
[
{
"name": "Term Multiplier Rider 3",
"rider_type": "other",
"description": "Provides multiplied coverage for Death, Total and Permanent Disability, and Terminal Illness up to age 100.",
"source_page": 2,
"available_at_inception": true
},
{
"name": "Living Multiplier Rider 3",
"rider_type": "critical-illness",
"description": "Provides multiplied coverage for Death, Total and Permanent Disability, Terminal Illness, and Critical Stage of Critical Illness. Premium rates are not guaranteed and may be adjusted based on future experience of the plans.",
"source_page": 2,
"available_at_inception": true
},
{
"name": "Complete Living Multiplier Rider 3",
"rider_type": "early-critical-illness",
"description": "Provides multiplied coverage for Death, Total and Permanent Disability, Terminal Illness, Critical Stage of Critical Illness, Early and Intermediate Stages of Critical Illness, and Additional Benefits (Special Benefit — only for Angioplasty). Premium rates are not guaranteed and may be adjusted based on future experience of the plans.",
"source_page": 2,
"available_at_inception": true
}
]
```
### cash values
```json
{
"has_cash_value": true,
"non_guaranteed_bonus": {
"text": "The non-guaranteed bonuses accumulate with each policy year and end when the basic sum assured is fully claimed. The non-guaranteed benefits are illustrated based on the illustrated investment rate of return (IIRR) of the participating fund at 4.25% p.a.. At IIRR of 3.00% p.a., the non-guaranteed bonuses would be S$31,143. The actual benefits payable may vary according to the future performance of the participating fund.",
"available": true,
"bonus_types": [
"reversionary"
],
"source_page": 3
}
}
```
### product type
```json
"whole-life"
```
### policy basics
```json
{
"minimum_entry_age": {
"basis": "age-next-birthday",
"source_page": 4
},
"maximum_coverage_age": {
"basis": "age-next-birthday",
"years": 100,
"source_page": 2
}
}
```
### premium terms
```json
{
"premium_term_options": [
{
"label": "20-pay",
"description": "20 years",
"source_page": 3
},
{
"label": "pay to age 65",
"description": "till you're 65 years old",
"source_page": 2
}
]
}
```
### document metadata
```json
{
"product_full_name": "GREAT Flexi Protect Series 3",
"insurer_legal_entity": "The Great Eastern Life Assurance Company Limited",
"document_published_date": "13 January 2023"
}
```
### terminal illness benefit
```json
{
"available": true,
"source_page": 2
}
```
---
*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.*
---
### https://lifeinsurance.com.sg/api/product/great-eastern/great-flexi-protect-series-3/wording.md
# GREAT Flexi Protect Series 3
Comprehensive protection with flexible choices on multiplied coverage
## Life Protection
[p.1]
---
# Secure lifelong multiplied coverage to protect you and your loved ones
Your loved ones deserve proper planning to ensure a lifelong financial safety net for them. Their lifestyles and dreams can carry on without disappointment, should the unfortunate happen to you prematurely and you are no longer able to provide for them.
GREAT Flexi Protect Series 3 offers you a choice of three whole life participating plans, along with optional riders for enhanced and multiplied coverage to safeguard your family's future.
## Why GREAT Flexi Protect Series 3?
### Lifetime coverage that increases as you age
Enjoy an increase in your protection value from non-guaranteed bonuses with each policy year, from your selection of one of the three base plans.
### Multiply your coverage by 200%, 300% or more
Boost the protection you'll need without limits on the multiplier factor¹ with our optional riders, which can provide multiplied coverage up to age 100.
### Additional cash payouts for critical illnesses and medical conditions
Your plan can be customised to your life stages and the coverage you'll need. Get additional payouts for medical conditions covered under the Special Benefit, Senior Benefit, Benign Tumour Benefit and Juvenile Benefit² if your child is the insured up to age 18.
You can also customise your protection to be continued even after a full claim is made upon any Early or Intermediate Stage of Critical Illness.
### Lifetime coverage with choice of premium terms
Pick the payment term that best suits you – be it 20 years or till you're 65 years old, free yourself from premium payments throughout the policy term while enjoying comprehensive protection for life.
[p.2]
## Here's an overview on what GREAT Flexi Protect Series 3 offers
| COVERAGE | GREAT Flexi Protect 3 | GREAT Flexi Living Protect 3 | GREAT Complete Flexi Living Protect 3 | Term Multiplier Rider 3 | Living Multiplier Rider 3 | Complete Living Multiplier Rider 3 |
|----------|---|---|---|---|---|---|
| Death, Total and Permanent Disability, Terminal Illness | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Accidental Total and Permanent Disability | ✓ | ✓ | ✓ | | | |
| Critical Stage of Critical Illness | | ✓ | ✓ | | ✓ | ✓ |
| Early and Intermediate Stages of Critical Illness | | | ✓ | | | ✓ |
| Additional Benefits: Special Benefit, Juvenile Benefit, Senior Benefit, Benign Tumour Benefit | | Only for Angioplasty | ✓ | | Only for Angioplasty | Only for Angioplasty |
**BASE PLANS** | **CHOICE OF UP TO 3 OPTIONAL RIDERS**
---
Start a conversation with your Great Eastern Financial Representative today to find out more.
[p.2]
---
# Here's how GREAT Flexi Protect Series 3 multiplies your lifetime coverage
[p.3]
## James
A 30-year-old non-smoker and married with a child. He decides to purchase GREAT Flexi Protect 3 to enhance his whole life coverage and added two additional riders to increase his critical illness protection till he is 70 years old.
**Premium payable**
S$377 per month³
**Premium term**
20 years
**Combined Initial Coverage: S$600,000**
- GREAT Flexi Protect 3 with increasing protection coverage⁴: S$50,000
- Additional riders:
- Complete Living Multiplier Rider 3: S$100,000
- Living Multiplier Rider 3: S$450,000
### Age 30 — Coverage commenced
### Age 45 — Underwent Angioplasty and Other Invasive Treatment For Coronary Artery
**Payout: S$25,000**
from the policy under Additional Benefit⁵
His coverage remains unchanged and continues
### Age 50 — Diagnosed with Early Stage of Kidney Failure
**Payout: S$100,000**
from Complete Living Multiplier Rider 3
GREAT Flexi Protect 3 and Living Multiplier Rider 3 continue to provide coverage for him
### Age 70 — Diagnosed with Critical Stage of Lung Disease
**Payout: S$450,000**
from Living Multiplier Rider 3
GREAT Flexi Protect 3 continues to provide coverage for him
### Age 90 — James passed away due to old age
His family receives a total payout of: **S$128,285**
- S$50,000 Guaranteed death benefit
- S$78,285* Non-guaranteed bonuses
His coverage remains unchanged and continues:
- Complete Living Multiplier Rider 3: S$100,000
- Living Multiplier Rider 3: S$450,000
---
## Footnotes
¹ Subject to the maximum coverage allowed.
² Special Benefit (including Angioplasty and Other Invasive Treatment For Coronary Artery), Juvenile Benefit, Senior Benefit and Benign Tumour Benefit are applicable to GREAT Complete Flexi Living Protect 3 only. Please refer to the Product Summary for the list of conditions covered.
³ Rounded down to the nearest dollar. Premium rates for Living Multiplier Rider 3 and Complete Living Multiplier Rider 3 are not guaranteed and may be adjusted based on future experience of the plans.
⁴ The non-guaranteed bonuses accumulate with each policy year and end when the basic sum assured is fully claimed.
⁵ Subject to the applicable benefit limit for Angioplasty and Other Invasive Treatment For Coronary Artery.
* The non-guaranteed benefits are illustrated based on the illustrated investment rate of return (IIRR) of the participating fund at 4.25% p.a.. At IIRR of 3.00% p.a., the non-guaranteed bonuses would be S$31,143. The actual benefits payable may vary according to the future performance of the participating fund. Figures illustrated are rounded down to the nearest dollar.
[p.3]
---
# Notes and Disclaimers
All ages specified refer to age next birthday.
This advertisement has not been reviewed by the Monetary Authority of Singapore.
The above is for general information only. It is not a contract of insurance. The precise terms and conditions of this insurance plan are specified in the policy contract.
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.
Protected up to specified limits by SDIC.
In case of discrepancy between the English and the Chinese versions, the English version shall prevail.
Information correct as at 13 January 2023.
[p.4]
---
# Reach for Great
**The Great Eastern Life Assurance Company Limited**
1 Pickering Street
#01-01 Great Eastern Centre
Singapore 048659
Reg No.1908 00011G
greateasternlife.com
[p.4]
---
### https://lifeinsurance.com.sg/api/product/great-eastern/great-life-advantage-4/summary.md
# GREAT Life
Advantage 4
**Insurer:** Great Eastern (The Great Eastern Life Assurance Company Limited)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/190800011G/PS(EN)_GREAT%20Life%20Advantage%204_(SG)_v2.0.pdf
## Source wording
- **Effective from:** (not stated in document)
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/190800011G/PS(EN)_GREAT%20Life%20Advantage%204_(SG)_v2.0.pdf
- **PDF sha256:** `edfaa47546cf5acd6e2ede8956782aaabf0fe5da858810597b18e731bb8b9a3e`
- **Extraction confidence:** verified
## Extracted facts
### riders
```json
[
{
"name": "GREAT CI Advantage Rider",
"rider_type": "critical-illness",
"description": "An Additional CI Unit-Deducting Rider (UDR) attached to the policy whereby the payment of benefit for critical illness under such rider will not reduce or affect the basic sum assured under the base plan, GREAT Life Advantage 4.",
"source_page": 3,
"available_at_inception": true,
"available_after_inception": true
},
{
"name": "GREAT CI Advantage Plus Rider",
"rider_type": "critical-illness",
"description": "An Additional CI Unit-Deducting Rider (UDR) attached to the policy whereby the payment of benefit for critical illness under such rider will not reduce or affect the basic sum assured under the base plan, GREAT Life Advantage 4.",
"source_page": 3,
"available_at_inception": true,
"available_after_inception": true
}
]
```
### free look
```json
{
"period_days": 14,
"source_page": 15,
"refund_basis": "the premiums you have paid less any change in the unit price(s) of the fund(s), less other costs incurred in assessing the risk of the policy including but not limited to, medical fees and other expenses, such as payments for medical check-ups and medical reports which are incurred by us."
}
```
### exclusions
```json
[
{
"text": "We will not pay the benefit if the life assured dies due to suicide, while sane or insane, within 12 months from the date we issue the policy or from the date of reinstatement (if applicable). We will terminate your policy and pay the account value calculated as the next valuation date following our receipt of notification of the death.",
"source_page": 15
},
{
"text": "For policies issued under simplified underwriting, we will not pay the benefit if the death is due to any pre-existing condition within 12 months from the date we issue the policy or from the date of reinstatement (if applicable).",
"source_page": 15
},
{
"text": "We will not pay any benefits for: (a) TPD resulting directly or indirectly, wholly or partly, from self-inflicted injury, while sane or insane; (b) TPD resulting directly or indirectly, wholly or partly, from bodily injury suffered while the life assured is in or on, or boarding or descending from, an aircraft [with specified exceptions]; or (c) any pre-existing TPD.",
"source_page": 15
},
{
"text": "For policies issued under simplified underwriting, we will not pay the benefit if the TPD is due to any pre-existing condition within 12 months from the date we issue the policy or from the date of reinstatement (if applicable).",
"source_page": 15
},
{
"text": "We will not pay any benefits for: (a) terminal illness in the presence of Human Immunodeficiency Virus (\"HIV\") infection; or (b) pre-existing terminal illness.",
"source_page": 15
},
{
"text": "For policies issued under simplified underwriting, we will not pay the benefit if the terminal illness is due to any pre-existing condition within 12 months from the date we issue the policy or from the date of reinstatement (if applicable).",
"source_page": 15
},
{
"text": "We will not pay any benefit for child cover if: (a) the child is above age 18 next birthday at the time of his death, his suffering from TPD or the diagnosis of his TI; (b) the child's death, or diagnosis of TPD or TI (as the case may be) is within 12 months from: (i) the date we issue your policy; (ii) the date of birth of the child if the child was born after we issued your policy; (iii) the date of legal adoption of the child if the child was legally adopted after we issued your policy; or (iv) the date of any reinstatement of your policy; or (c) we have already paid a claim for child cover in respect of that child.",
"source_page": 15
},
{
"text": "We may reject your claim if the life assured has a pre-existing condition and: has not declared it in the proposal form as required for a new policy (if applicable); or has not declared it in the reinstatement form as required for a reinstatement (if applicable); or has not declared it in the application form as required for an increase in the sum assured (if applicable).",
"source_page": 15
}
]
```
### mwpa trust
```json
{
"notes": "No mention of MWPA or Section 73 trust in the document.",
"available": false
}
```
### cash values
```json
{
"has_cash_value": true,
"non_guaranteed_bonus": {
"available": false
},
"guaranteed_surrender_value": {
"basis": "Surrender value equals account value (value of units at next valuation date bid price) less surrender charge (if any) and any debts; no guaranteed surrender value table is stated — value depends on fund performance.",
"available": false,
"source_page": 10
}
}
```
### policy loan
```json
{
"available": false
}
```
### grace period
```json
{
"days": 30,
"source_page": 6
}
```
### product type
```json
"investment-linked"
```
### underwriting
```json
{
"source_page": 6,
"pre_existing_treatment": "Simplified underwriting available if life assured is age 55 next birthday or younger and only base plan or base plan with GREAT CI Advantage Rider is purchased with total coverage equal to or less than S$300,000. Under simplified underwriting, claims for death, TPD or TI diagnosed due to pre-existing condition within 12 months from date of issue or reinstatement will not be payable. Full underwriting applies otherwise. Increase in basic sum assured requires medical underwriting (except for GISA Option). Increase in basic regular premium requires financial underwriting."
}
```
### policy basics
```json
{
"maximum_entry_age": {
"basis": "age-next-birthday",
"years": 55,
"source_page": 6
},
"minimum_entry_age": {
"basis": "age-next-birthday",
"years": 1,
"source_page": 17
},
"minimum_sum_assured": {
"amount": "subject to minimum premium and underwriting requirements; no explicit floor stated beyond minimum premium thresholds",
"currency": "SGD",
"source_page": 5
},
"maximum_coverage_age": "whole-of-life"
}
```
### premium terms
```json
{
"cpf_eligible": {
"srs": false,
"notes": "No mention of CPF or SRS eligibility in the document.",
"special_account": false,
"ordinary_account": false
},
"payment_modes": [
"annual",
"semi-annual",
"quarterly",
"monthly"
],
"minimum_premium": {
"amount": 100,
"currency": "SGD",
"source_page": 5
},
"premium_term_options": [
{
"label": "Regular pay whole-of-life",
"description": "Basic regular premium is payable throughout the term of the policy.",
"source_page": 5
}
],
"premium_review_clause": {
"reviewable": false,
"source_page": 11
}
}
```
### reinstatement
```json
{
"conditions": "You may reinstate the policy within 3 years from the lapse date and usual reinstatement conditions apply. Please note that reinstatement will require a declaration of the health status. For policies which are issued on simplified underwriting basis: You may reinstate the policy within 6 months from the lapse date and usual reinstatement conditions apply. Please note that reinstatement will require a declaration of the health status.",
"source_page": 14,
"window_years": 3
}
```
### non forfeiture
```json
{
"paid_up": {
"text": "No paid-up option described in the document.",
"available": false
},
"source_page": 4,
"extended_term": {
"text": "No extended term option described in the document.",
"available": false
},
"automatic_premium_loan": {
"text": "No automatic premium loan described; instead a non-lapse guarantee benefit operates during the first 10 policy years.",
"available": false
}
}
```
### suicide clause
```json
{
"source_page": 15,
"payout_within_period": "We will not pay the benefit if the life assured dies due to suicide, while sane or insane, within 12 months from the date we issue the policy or from the date of reinstatement (if applicable). We will terminate your policy and pay the account value calculated as the next valuation date following our receipt of notification of the death.",
"exclusion_period_months": 12
}
```
### document metadata
```json
{
"wording_version": "PS Version 2.0 (Errors & Omissions Excepted)",
"product_full_name": "GREAT Life Advantage 4",
"insurer_legal_entity": "The Great Eastern Life Assurance Company Limited (Reg No. 1908 00011G)"
}
```
### terminal illness benefit
```json
{
"available": true,
"source_page": 3,
"acceleration_percent": 100,
"qualifying_definition": "an illness that is expected to result in the life assured's death within 12 months from the diagnosis. We require this diagnosis to be supported by a registered medical practitioner and when we require, to be confirmed by our appointed medical practitioner."
}
```
---
*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.*
---
### https://lifeinsurance.com.sg/api/product/great-eastern/great-life-advantage-4/wording.md
# Product Summary
GREAT Life Advantage 4
Please keep this copy for reference.
The Great Eastern Life Assurance Company Limited (Reg No. 1908 00011G)
PS Version 2.0 (Errors & Omissions Excepted)
1 Pickering Street #01-01, Great Eastern Centre, Singapore 048659
Website: www.greateasternlife.com
[p.1]
## About your plan
GREAT Life Advantage 4 is a regular premium whole of life investment-linked policy designed to meet your protection needs. It provides financial protection against death, total and permanent disability (TPD) and terminal illness (TI). It also provides child cover benefit that pays a lump sum when a child of the life assured dies, suffers from TPD or is diagnosed with a TI.
Optional riders are available for attachment. This will provide additional protection against accidental events, diagnosis of critical illness (CI) of varying stages and your other protection needs.
This plan also gives you access to professionally managed ILP sub-funds ("funds"). The premiums you pay will be used to create units in the funds and the value of the policy will vary directly with the performance of the funds.
Please note that this product is an unlisted Specified Investment Product.
## The provider of your plan
GREAT Life Advantage 4 is provided by The Great Eastern Life Assurance Company Limited, at 1 Pickering Street, #01-01, Great Eastern Centre, Singapore 048659.
The Great Eastern Life Assurance Company Limited is a wholly owned subsidiary of Great Eastern Holdings Limited and a member of the OCBC Group.
# Benefits
## Death benefit
We will pay the following in one lump sum if the life assured dies while the policy is in force:
(a) the basic sum assured plus the total amount of single premium top-ups (if any) less the total amount of any partial withdrawals (including any partial withdrawal charges); or
(b) the account value,
whichever is higher, less any debt under the policy.
If there is a Continuation Event (described below) due to a prior claim for the TPD benefit, we will pay the account value in one lump sum when a claim is admitted for the death benefit and the policy will be terminated.
[p.2]
## Total and permanent disability (TPD) benefit
We will pay the death benefit in one lump sum if the life assured suffers from TPD while the policy is in force.
| Life assured suffers from a state of incapacity which is total and permanent, and which | Applicable period |
|---|---|
| If life assured is more than 15 years old | |
| (a) is such that there is not at that time, nor at any time thereafter, any work, occupation or profession which the life assured can ever perform or follow sufficiently to earn or obtain any wage, remuneration or profit; or | This occurs before the policy anniversary on which the life assured is age 65 next birthday. |
| (b) takes the form of total and irrecoverable loss of: (i) the sight in both eyes; (ii) the use of two limbs at or above the wrist or ankle; or (iii) the sight in one eye and the use of one limb at or above the wrist or ankle. | This applies for the whole of the term of the policy. |
| If life assured is 15 years old or less | |
| (a) is such that the life assured is confined to a home, hospital or other institution requiring constant care and medical attention for at least 6 consecutive months; or | This occurs before the life assured turns 16 years old. |
| (b) takes the form of total and irrecoverable loss of: (i) the sight in both eyes; | This applies for the whole of the term of the policy. |
(ii) the use of two limbs at or above the wrist or ankle; or
(iii) the sight in one eye and the use of one limb at or above the wrist or ankle.
TPD must, in the opinion of a registered medical practitioner, be deemed to be total and permanent.
If the life assured suffers from TPD before turning age 1, we will pay the following in one lump sum:
(a) 20% of the basic sum assured plus the total amount of single premium top-ups (if any) less the total amount of any partial withdrawals (including any partial withdrawal charges); or
(b) the account value,
whichever is higher, less any debt under the policy.
The maximum amount which we will pay in benefit for TPD for all policies and riders we have issued for the same life assured is S$5,000,000. The amount payable for claims for TPD under the child cover benefit (described below) shall not count towards this S$5,000,000 limit.
If one or more Additional CI Unit-Deducting Rider(s) (UDRs)# are attached to the policy and is/are in force at the time of the admission of the claim for the TPD benefit, a Continuation Event will be triggered and the policy will not be terminated.
Following the Continuation Event:
(a) the basic sum assured will be reduced to zero;
(b) the Additional CI UDR(s) will remain in force. All other riders, if any, will be terminated;
(c) the basic regular premium of the base plan, GREAT Life Advantage 4, will continue to be payable;
(d) the insurance charges for the Additional CI UDR(s) will continue to be deducted from the account value; and
(e) no insurance charges will be deducted for the base plan.
# An "Additional CI UDR" refers to a unit-deducting rider attached to the policy whereby the payment of benefit for critical illness under such rider will not reduce or affect the basic sum assured under the base plan, GREAT Life Advantage 4.
For the purpose of GREAT Life Advantage 4, the Additional CI UDRs would be:
(i) GREAT CI Advantage Rider; and
(ii) GREAT CI Advantage Plus Rider.
[p.3]
## Terminal illness (TI) benefit
We will pay the death benefit in one lump sum on a conclusive diagnosis of a TI, being an illness that is expected to result in the life assured's death within 12 months from the diagnosis.
If there is a Continuation Event (described above) due to a prior claim for the TPD benefit, we will pay the account value in one lump sum when a claim is admitted for the TI benefit and the policy will be terminated.
We require this diagnosis to be supported by a registered medical practitioner and when we require, to be confirmed by our appointed medical practitioner.
## Child cover benefit
We will pay S$20,000 in one lump sum if a child of the life assured dies, or is diagnosed with TPD or TI while the policy is in force.
This benefit also covers children of the life assured who are not born as at the date of issue of the policy. The child cover benefit is only payable when the child is age 18 next birthday or younger at the time of his death, or diagnosis of TPD or TI (as may be applicable).
The maximum amount we pay for this benefit is limited to S$20,000 for each child under the policy and all other policies and riders issued by us which provides such benefit for that child, regardless of whether the life assured of such policy or rider (as the case may be) is or is not the same parent.
## Non-lapse guarantee benefit
During the first 10 policy years, the policy and its attaching rider(s) will not lapse even if the account value falls to zero or below, provided that:
(a) all basic regular premiums and premiums for cash-paying riders (if any) are paid before the expiry of the respective grace periods; and
(b) no partial withdrawal has been made.
If the above conditions are not fulfilled, the non-lapse guarantee benefit will automatically cease.
When the non-lapse guarantee benefit is in effect, we will continue to deduct from the account value, fees and charges of the policy and insurance charges of any unit-deducting rider which will be considered as debts owed to us. We will first deduct any debts owed to us from the account value when it becomes positive.
When the non-lapse guarantee benefit ceases and the account value is insufficient to pay the debts owed to us, we will deduct the remaining amount of the account value and the policy and any attaching riders will lapse.
If a Continuation Event (described above) occurs during the first 10 policy years, the non-lapse guarantee benefit will remain in effect provided that conditions (a) and (b) are fulfilled.
If the policy is reinstated, provided that conditions (a) and (b) are fulfilled, the non-lapse guarantee benefit will resume after the reinstatement until the end of the 10th policy year.
[p.4]
# Premiums
## Premium-pay term
Basic regular premium is payable throughout the term of the policy. Any premiums for cash-paying rider(s) are to be paid in addition to the basic regular premium following the same premium frequency as the base plan. No partial payment of premiums, i.e. basic regular premium and premium of the cash-paying riders (if any), will be accepted.
Please refer to the section on "Flexible options" below as to how you may vary your basic regular premium.
## Premium charge for basic regular premium
A premium charge will be deducted from each payment of the basic regular premium. The remaining amount of basic regular premium plus premium reward (if any) will be apportioned to create and grant units in the fund(s) in accordance with the premium apportionment which you have instructed. The schedule of rates for the premium charge is as follows:
| For payment of the basic regular premium made in respect of | Premium charge as a percentage of the basic regular premium paid |
|---|---|
| 1st policy year | 76.00% |
| 2nd policy year | 51.00% |
| 3rd policy year | 26.00% |
| 4th to 6th policy years | 4.00% |
| 7th and subsequent policy years | 0.00% |
## Premium reward
An amount equivalent to 2% of each payment of the basic regular premium will be added to each payment of the basic regular premium from the 10th policy year onwards, provided that the basic regular premium payable for the first 9 policy years is paid up to date.
In the event of a premium holiday whereby the basic regular premium is not paid up to date by the start of a policy year for which a premium reward would be payable, the premium reward will not be given until the basic regular premium for the first 9 policy years is paid up to date.
If the basic regular premium is increased during the premium payment term, the increase in the premium reward arising from the increase in the basic regular premium will only be given for payments of basic regular premium made from the next policy anniversary after the expiry of a period of at least 9 policy years from the date of increase of the basic regular premium, and provided that the increased basic regular premium payable for the first 9 policy years from the date of such increase has been fully paid.
If the increased basic regular premium payable has not been fully paid by the start of a policy year for which the premium reward in respect of the increase in the basic regular premium would be payable, the premium reward would not be paid in respect of the increase in the basic regular premium until the increased basic regular premium has been fully paid for a period of 9 policy years from the date of such increase. The premium reward in respect of such increase in the amount of basic regular premium will be paid from the next policy anniversary after the increased basic regular premium for the requisite period has been fully paid.
After deduction of the premium charge, the amount of the remaining basic regular premium plus premium reward (if any) will be apportioned to create and grant units in the fund(s) in accordance with the premium apportionment which you have instructed.
[p.5]
## Premium frequency
You can choose to pay the basic regular premium on a monthly, quarterly, half-yearly or yearly basis, subject to the following minimum amounts.
| Premium frequency | Minimum basic regular premium |
|---|---|
| Annually | S$1,200 |
| Half-yearly | S$600 |
| Quarterly | S$300 |
| Monthly | S$100 |
You can change the frequency of premium payments before your next premium due date.
# Flexible options
## Choice to apply for the plan based on simplified underwriting
If the following criteria are fulfilled:
(a) the life assured is age 55 next birthday or younger; and
(b) only the base plan being GREAT Life Advantage 4 or GREAT Life Advantage 4 and GREAT CI Advantage rider will be purchased, and the proposed total coverage is equal to or less than S$300,000@,
you would be eligible to apply for the plan based on simplified underwriting by just answering 2 simplified issue underwriting (SIO) questions.
### What is simplified underwriting?
For simplified underwriting, you only need to answer a few questions posed instead of the full list of medical underwriting questions. If your responses are negative to the questions posed, your application will be processed for acceptance by us. Otherwise, the application will be subject to full underwriting whereby you would have to answer the full list of medical underwriting questions.
When the policy is issued with simplified underwriting, the policy will be issued with an endorsement. Claims for death, or TPD or TI diagnosed due to pre-existing condition within 12 months from the date of issue of the policy or reinstatement (if applicable) of the policy, will not be payable.
**Important note:**
You may elect to undergo full underwriting even if you are eligible for simplified underwriting.
@ The amount of coverage is aggregated across the GREAT Life Advantage series and their attaching critical stage critical illness riders.
## Premium holiday and premium holiday charge
The policy will be regarded to be on premium holiday if basic regular premium due are unpaid after the grace period of 30 days.
The non-lapse guarantee benefit will cease should the policy go into premium holiday during the first 10 policy years.
When the policy is on premium holiday, the policy will continue to be in force. We will continue to deduct the following from the account value:
(a) any fees and charges relating to the policy;
(b) insurance charges for attaching unit-deducting riders (if any);
(c) premiums for attaching cash-paying riders (if any); and
(d) any debts owed to us,
by cancelling units amounting to an equivalent value.
If the account value is not sufficient for deduction of charges, we will deduct the remaining amount of the account value and the policy and its riders will lapse. Any remaining outstanding amounts not deducted from the account value will constitute debts owed to us.
Any deduction of premiums, within the first 2 policy years, for cash-paying riders from the account value will be subject to partial withdrawal charges (if any).
When the policy is on premium holiday during the first 2 policy years, we will deduct a monthly premium holiday charge from the account value by cancelling units to the value equivalent to the premium holiday charge. The number of units to be cancelled will be in proportion to the value of each fund which you have selected for your policy following the date on which the premium holiday charge is due for each policy month. These units will be valued at the unit price(s) of the respective funds available on the next valuation date following the date on which the premium holiday charge is due for each policy month.
The premium holiday charge is determined by multiplying 100% with the Annualised Premium and dividing the resulting value by 12. "Annualised Premium" refers to the total amount of basic regular premium(s) payable by the policyholder for a policy year.
The policy will continue to be in force if the account value is positive. The policy will lapse when the account value is insufficient to pay for all the amounts due.
The premium holiday ends when you resume payment of the basic regular premium.
We may change the premium holiday charge by notifying you 1 month prior to the change.
**You are advised to read the policy contract for all the conditions.**
[p.6]
## Premium holiday charge refund privilege
Upon reinstatement of the policy, we will refund the premium holiday charges paid (if any), provided all the following conditions are satisfied:
(a) the policy lapsed during the first 2 policy years due to insufficient account value to pay the fees and charges relating to the policy, insurance charges of any unit-deducting riders, premiums for any cash-paying riders, and/or debts owed to us (if any);
(b) the policy is reinstated within 6 months from the date on which the policy lapsed;
(c) all outstanding basic regular premium have been paid up to date; and
(d) there were no partial withdrawals made before the lapse of the policy.
This privilege can only be utilised once during the term of the policy.
The refund will be apportioned according to the premium apportionment to create and grant units in the fund(s) which you have selected. The number of units created and granted will be determined by reference to the unit price(s) available on the next valuation date as decided by us.
## Varying the basic regular premium
You may change the amount of your basic regular premium subject to our consent and such other terms and conditions as we may impose. An increase or reduction in basic regular premium does not automatically increase or reduce the basic sum assured respectively.
### Increase in basic regular premium
An increase in basic regular premium is subject to financial underwriting, except when the increase is due to exercising the Guaranteed Increase of Basic Sum Assured (GISA) Option (described below). If you choose to increase your basic regular premium, the increase in the basic regular premium will be treated as a new premium stream for the purpose of deducting the premium charge and will be subject to the premium charge for each policy year starting from the rate for the premium charge for the 1st policy year.
### Reduction in basic regular premium
Reduction of the basic regular premium is not allowed in the first 2 policy years. A reduction in basic regular premium is allowed from the 3rd policy year onwards so long as it satisfies the minimum basic premium requirement. Any reduction in the basic regular premium payable will also be subject to the basic regular premium for the first 2 policy years being fully paid and such other terms and conditions imposed by us.
If the reduction in basic regular premium is not accompanied with reduction or removal of the coverage under the policy, the policy may not be able to build sufficient account value to pay for the charges of the policy and the policy may lapse earlier than you expect.
The revision to the basic regular premium will take effect from the next due date of payment of the basic regular premium. The revised basic sum assured resulting from the revised basic regular premium will take effect from the next due date of payment of the insurance charge.
[p.7]
## Varying the basic sum assured
You may change the basic sum assured subject to our consent and such other terms and conditions as we may impose. However, no change of the basic sum assured is allowed once a Continuation Event (described above) has occurred.
### Increase in basic sum assured
Any increase in the basic sum assured is subject to medical underwriting, except when the increase is due to exercising the GISA Option (described below). However, if a premium increment results from the exercise of the GISA Option where the coverage of an attaching payer benefit rider or premium waiver rider attached to the policy is increased, medical underwriting may be required.
An increase in the basic sum assured may result in an increase in the basic regular premium payable.
### Reduction in basic sum assured
You may reduce your basic sum assured, subject to the minimum sum assured requirement.
You may also exercise the option to reduce the basic sum assured to zero while maintaining the same amount of basic regular premium payable when:
(a) the life assured has reached the age of 55 years; and
(b) on the later of the 10th policy anniversary, or at least 10 years from the last increase of basic regular premium.
The revised basic sum assured will take effect from the next due date of payment of insurance charge. The revised basic regular premium resulting from the revised basic sum assured will take effect from the next due date of payment of the basic regular premium.
## Guaranteed increase of sum assured option (GISA Option)
You may increase the basic sum assured of your policy without medical underwriting upon the occurrence of any of the following milestone events before the policy anniversary on which the life assured is age 60 next birthday:
1) on the 3rd policy anniversary;
2) the date the life assured attains the age of 21;
3) the date the life assured enters full time employment after graduation from a tertiary institution;
4) the date the life assured completes a full marathon or triathlon;
5) the date of the life assured's legal marriage;
6) the date of birth of a child of the life assured;
7) the date the life assured legally adopts a child; or
8) the date of the life assured's child entering primary school or secondary school or university (or equivalent educational institution on a full-time basis) before age 21.
### What you should know when exercising the GISA Option:
(a) You can exercise the GISA Option up to a maximum of 2 times under this plan, provided the dates of the milestone events used for the 2 exercises are different.
- Only milestone events 5), 6) and 7) may be exercised 2 times under this plan and provided that the milestone events used for the 2 exercises occur on different dates.
- Other milestone events may be exercised only once under this plan.
(b) You can only exercise the GISA Option for a particular milestone event for only 1 investment-linked base plan (whether having the same plan name as this plan or otherwise), issued by us on the same life assured which provides death, TPD and/or TI benefits. This is regardless of the number of investment-linked base plans in force with such option.
(c) The GISA Option can only be exercised:
(i) 12 months after the date of issue of your policy and the relevant milestone event must have occurred at least 12 months after the date of issue of your policy;
(ii) within 180 days from the date of the milestone event;
(iii) if all premiums on your policy or any of its attaching rider(s) are paid up to date and the policy is not on premium holiday; and
(iv) if your policy, together with its attaching rider(s), is issued with no health loading, no special condition(s) and no exclusion(s).
(d) The maximum increase in the basic sum assured for each exercise of the GISA Option is:
(i) S$100,000; or
(ii) 50% of the basic sum assured as at the date of commencement of your policy,
whichever is lower.
The maximum aggregate increase in coverage using the GISA Option under all investment-linked policies and/or riders we have issued for the same life assured which provide(s) benefits for death, TPD and/or TI shall not exceed S$200,000.
(e) At the point of exercising the GISA Option, the life assured must not:
(i) be suffering from TPD, or diagnosed with TI or any stage of CI;
(ii) have submitted any claim for TPD, TI, or any stage of CI under all policies and riders issued by us on that life assured.
**You are advised to read the policy contract for all the terms and conditions relating to this option.**
[p.8]
## Single premium top-ups
You can make single premium top-ups to your policy provided that:
(a) the single premium top-up is made after the inception of your policy; and
(b) all the basic regular premium due and premiums for attaching cash-paying riders (if any) are paid up to date.
The minimum for each single premium top-up is S$1,000 and the value of units apportioned to each selected fund must be at least S$200. The maximum amount of each single premium top-up should not exceed the maximum amount which is stipulated by us from time to time, subject to financial underwriting.
A premium charge of 5% will be deducted from each payment of the single premium top-up and the remaining amount of the single premium top-up will be apportioned to create units in the fund(s) selected based on your instructions as to premium apportionment for the purpose of that single premium top-up.
We reserve the right not to accept the single premium top-up or to subject the life assured to simplified medical underwriting before our acceptance of the single premium top-up and to such other terms and conditions as we may impose.
You will not be able to make any single-premium top-ups if the policy is on premium holiday.
Single premium top-ups will not increase the basic sum assured of the policy.
## Changing premium apportionment
As your preference for risk and returns may change over time, you may change the premium apportionment used to create units in the available fund(s) at any time at no charge. After the request is accepted by us, all future basic regular premium will be apportioned to the fund(s) in accordance with the new premium apportionment.
## Fund switch
You can request us to switch all or any of the units of one fund to another fund offered under the policy at no additional fee.
For a partial switch of the units of one fund to units of another fund, the value of units being switched from one fund to another and the value of the remaining units in the original fund after the switch must be at least S$500 or such minimum amount as we may stipulate from time to time.
## Automatic fund rebalancing (AFR)
You can opt to have your units in the various fund(s) automatically rebalanced at every policy anniversary to conform to your last-instructed premium apportionment, subject to various terms and conditions. We will notify you 1 month before we perform the AFR.
We will only perform the AFR if the prevailing proportion of the fund value of any one fund has deviated at least 5% from the last-instructed premium apportionment and the value of the deviation is at least S$50.
We will suspend the AFR if at any time:
(a) the non-lapse guarantee benefit has been activated due to the account value of the policy falling to zero and below;
(b) you have made a single premium top-up;
(c) you have performed a fund switch; or
(d) you have made a partial withdrawal of the account value.
In the event whereby AFR has been suspended and you wish to re-activate the option, you must submit a request for the AFR to be performed at the next policy anniversary following such request, and also provide specific instruction as to whether the AFR should be performed according to your last-instructed premium apportionment or a new premium apportionment to be instructed.
We reserve the right to impose a fee for each request for AFR or to amend the terms and conditions of AFR at any time by giving you at least 1 month's notice.
[p.9]
## Add supplementary benefits according to your need(s)
You may wish to add optional supplementary benefits by attaching cash-paying or unit-deducting riders to your plan. These riders provide additional coverage including against critical illness of varying stages, accidental events and for disability income.
Please consult your financial representative for more information on the supplementary benefits that are available.
## Partial withdrawal and partial withdrawal charge
You may make a partial withdrawal from the account value of the policy by requesting us to cancel some of the units in the fund(s) you have at any time or by specifying an amount you wish to withdraw, provided the account value of the policy is positive.
We may deduct a partial withdrawal charge from the amount to be withdrawn depending on the policy year during which the partial withdrawal occurs. The partial withdrawal charge is equal to the amount to be withdrawn multiplied by the percentage which corresponds to the policy year in which you make the partial withdrawal from the account value. The percentages are shown in the table below.
| Policy year during which the partial withdrawal occurs | Percentage of amount to be withdrawn from the account value for computing partial withdrawal charge |
|---|---|
| 1 | 100% |
| 2 | 100% |
If you withdraw some of your units in the funds, the minimum value of units withdrawn and the value of remaining units in that fund after withdrawal must be at least S$500 or such minimum amount as we may stipulate from time to time.
Do note that with partial withdrawal(s), there is potential risk that the account value may not be sufficient to cover the relevant charges, thereby causing the policy to lapse.
We may change the partial withdrawal charge by notifying you at least 1 month prior to changing the partial withdrawal charge.
## Surrender and surrender charge
You may surrender your policy for its account value at any time. We will pay you an amount equal to the value of the cancelled units at the unit prices of the respective fund(s) on the next valuation date after we receive your request, less a surrender charge (if any) payable and any debts owed to us.
The surrender charge is equal to the account value of your policy at the point of surrender multiplied by the percentage which corresponds to the policy year in which you surrender the policy. The percentages are shown in the table below.
| Policy year during which the surrender occurs | Percentage of account value for computing surrender charge |
|---|---|
| 1 | 100% |
| 2 | 100% |
We may change the surrender charge by notifying you at least 1 month prior to changing the surrender charge.
Your coverage will be terminated once you have surrendered your policy.
[p.10]
# Fees and charges
## Bid-offer spread
No bid-offer spread is applied to the policy.
## Policy fee
We will deduct a policy fee of S$5 monthly by cancelling units from the fund(s) you have invested in.
We may change the policy fee by notifying you 1 month prior to changing the policy fee.
## Insurance charge
We will deduct a monthly insurance charge based on the net sum assured of the policy, by cancelling units to the value equivalent to the insurance charge. The number of units to be cancelled will be in proportion to the fund value of each fund following the date on which the insurance charge is due each month. Units are valued at unit price(s) of the respective fund(s) available on the next valuation date following the monthly due date of the insurance charge.
### What is net sum assured?
Net sum assured refers to the amount by which the basic sum assured plus the total amount of single premium top-ups paid (if any), less the total amount of any withdrawals made (including any partial withdrawal charges), is more than the account value.
### Insurance charge to be deducted for each policy month
= (net sum assured x insurance charge rate per annum) / 12,000
The rate of insurance charge per annum is guaranteed and will not be subject to change during the term of the policy.
Please refer to the Appendix for the rates of insurance charge which are applicable to standard lives.
# Funds
## Available funds
You may invest in one or more of the GreatLink Funds that do not pay dividends. For a list of the available funds, please visit our website at:
https://www.greateasternlife.com/sg/en/personal-insurance/our-products/wealth-accumulation/prestige-portfolio/fund-screener.html
Details of each fund can be found in their respective fund document, which will explain the risk that is specific to the fund. The following documents are also made available for you to better understand each fund:
- Prospectus/Fund Details/Fund Summary (where applicable);
- Product Highlights Sheet (PHS);
- Provider's Factsheet;
- Semi-annual and Annual Reports; and
- Performance charts.
Please note that every fund or combination of funds has its own investment objectives, horizon, liquidity, and level of risk. You are advised to select fund(s) that match your risk profile, needs and preferences.
[p.11]
## Obtaining fund prices
The unit prices are available on our website. We may from time to time change our website address without notice to you. We may also make the unit prices available in any other way we choose from time to time.
All published and quoted prices do not represent the actual unit prices on the date of publication or quotation as the unit price of each fund is priced on a forward-pricing basis.
## Fees and charges for the funds
We will deduct a fund management charge and custodian fee from the fund value at each asset valuation, before the determination of the unit prices. These charges are a percentage per year of the value of each fund.
Please refer to the Fund Details and PHS (provided separately by your financial representative) for the fund(s) selected. The Fund Details / Fund Summary (where applicable) and PHS can also be downloaded from our website.
We may revise these charges and fees from time to time, but they will not be more than the maximum amounts indicated, if any.
## Fund audit
All funds are audited by PricewaterhouseCoopers certified public accountants.
## Semi-annual and Annual Reports
You will receive a statement of your policy at least once a year.
The financial year-end is on 31 December every year. The Semi-annual and Annual Reports will be made available to you within 2 and 3 months from the last date of the period to which the report relates respectively. The latest Semi-annual and Annual Reports will be made available on our website.
# Fund transactions
## Creation/cancellation of units in funds
All fund transactions in your policy will be done via creation and cancellation of units in your funds, based on the respective unit price of the fund selected by you.
### (a) Pricing of units
Pricing of units is done on a forward-pricing basis and single-pricing basis.
#### Forward-pricing basis
The unit price on each dealing day, i.e. it refers to a business day or such other day as we may decide from time to time, will be based on the net asset value calculated by the relevant fund manager as at the next valuation date for that fund. This means that we will not know beforehand the unit prices at which instructions will be carried out.
#### Single-pricing basis, which is also referred to as bid-bid basis
The price at which units are created and the price at which the units are cancelled are based on the bid price.
### (b) Dealing deadline
The dealing deadline is noon Singapore time on each dealing day or any other time we decide by giving you at least 1 month's notice. For us to process your instruction on the same dealing day, we must receive your instructions by the dealing deadline. If we receive your instructions after the dealing deadline, your instructions will be deemed to have been received by us on the next dealing day.
As the unit prices of policy units of the funds may be in currencies other than the Singapore dollar, we will convert the unit prices of these funds into Singapore dollars, at an exchange rate decided by us, before buying or selling the policy units.
### (c) Creation of units
We will create and grant to you, the number of units in each fund of your choice, based on the relevant bid price at the next valuation date.
#### Numerical example of how units are created after the deduction of the premium charge:
| Basic regular premium (BRP) | = | S$1,000 |
|---|---|---|
| Premium charge | = | 76% |
| Notional bid price | = | S$1.000 |
| Number of new units created | = | BRP x (100% - Premium charge) / Bid price |
| | = | S$1,000 x 24% / S$1.000 |
| | = | 240 units |
Above example is for illustrative purpose based on basic regular premium paid in respect of the first policy year and does not denote the minimum premium allowed.
### (d) Cancellation of units
You may cancel some or all units in the fund(s) that you have at any time i.e. partial withdrawal or surrender. We will cancel the number of units in each fund of your choice, based on the relevant bid price at the next valuation date.
#### Numerical example of how withdrawal proceeds are calculated:
| Withdrawal amount | = | 1,000 units |
|---|---|---|
| Notional bid price | = | S$1.00 |
| Amount of units withdrawn | = | Units to be withdrawn x Bid price |
| | = | 1,000 x S$1.00 |
| | = | S$1,000.00 |
[p.12]
### (e) Payment of Proceeds
Upon the receipt and acceptance of your cancellation request, the proceeds shall be paid out to you:
- within 4 business days (or such other period as may be allowed by the Monetary Authority of Singapore) in the case of a fund which is a bond fund or money market fund; or
- within 6 business days (or such other period as may be allowed by the Monetary Authority of Singapore) in the case of a fund which is not a bond fund or money market fund,
unless dealings have been suspended as specified in the section "Suspension of dealings" below.
As the unit prices of policy units of the funds may be in currencies other than the Singapore dollar, we will convert the unit prices of these funds into Singapore dollars, at an exchange rate decided by us, before buying or selling the policy units.
## Suspension of dealings
We may suspend cancellation or creation of units in a fund if it is necessary under any of the following circumstances:
(a) any period when any stock exchange, on which any assets forming part of the funds for the time being are listed or dealt in is closed (otherwise than for non-business days) or during which dealings are restricted or suspended;
(b) the existence of any state of affairs which, in our opinion, might seriously prejudice the interests of the policyholders holding similar policies as a whole or of any of the funds;
(c) any breakdown in the means of communication normally employed in determining the price of a unit of any of such funds or when for any reason the prices of any of such units in any fund cannot be promptly and accurately ascertained;
(d) any period when remittance of money which will or may be involved in the realisation of such funds or in the payment for such funds cannot, in our opinion, be carried out at normal rates of exchange;
(e) any period when dealing of units in any or all of the funds is suspended pursuant to any order or direction of the Monetary Authority of Singapore; or
(f) any period when our business operations in relation to the operation of the funds are substantially interrupted or closed as a result of or arising from any circumstances beyond our control including but not limited to, an act of God, fire, flood, earthquake, typhoon or other natural disaster, pestilence, war, invasion, act of foreign enemy, hostilities (whether war be declared or not), terrorism, insurrection, revolution, civil unrest, riot, strike, labour dispute, nationalisation, sanction, embargo, epidemic, pandemic, quarantine, directive of government or regulatory authority, or interruption or failure of utility service (including but not limited to, electric power, gas, water, broadband or telecommunication service).
[p.13]
# Risks of this plan
## What can you expect of the performance of the funds?
The performance of the funds is not guaranteed. The value of the units in the funds and the income accruing to the units, if any, fluctuates according to market conditions. This will affect the account value of the policy.
Please note that past performance may not be indicative of future performance.
Please refer to Fund Details and PHS (provided separately by your financial representative) for the specific risks of the fund(s) you have chosen. The Fund Details and PHS can also be downloaded from our website.
## What happens if you surrender the policy early?
Buying a life insurance policy is a long-term commitment. An early termination of the policy after the free-look period, usually involves high costs and the surrender value, if applicable. In such early surrender, you may lose part or all of the premiums paid, because the surrender value, if any, that is payable to you may be zero or less than the total premiums paid.
The illustrated amount in the surrender value column in the policy illustration shows the non-guaranteed surrender value you may expect to receive if you surrender. The actual amount you will receive depends on the value of all your selected funds based on the prices of the respective funds at the next valuation date, and this may be lower than your premiums paid.
With early surrender, your coverage will be terminated prematurely. Buying a new policy may mean we need to re-assess the life assured's health and financial circumstances. This may result in higher premiums and/or benefit exclusions due to the age and health status.
## What is the worst-case scenario if you surrender your policy early?
There will be no protection if you surrender your policy early.
The illustrated amount you will receive is reflected in the surrender value column in the policy illustration. The amount you will receive will depend on the value of all the funds selected by you based on the respective unit prices at the next valuation date, and this may be lower than your premiums paid.
## What happens if you do not pay your premiums on time?
If you do not pay premiums on time, your policy may lapse after 30 days grace period if your account value falls below zero.
During the first 10 policy years, if you do not pay your premiums on time, your non-lapse guarantee benefit will cease. If the account value of your policy has adequate amount to fund the fees and charges due, your policy will be on premium holiday.
Your policy may lapse due to insufficient account value being available to pay for the fees and charges.
If the policy is reinstated, subject to the stated conditions being fulfilled, the non-lapse guarantee benefit will resume after the reinstatement until the end of the 10th policy year.
## What happens if your policy lapses?
There will be no protection if your policy lapses.
You may reinstate the policy within 3 years from the lapse date and usual reinstatement conditions apply. Please note that reinstatement will require a declaration of the health status.
For policies which are issued on simplified underwriting basis:
You may reinstate the policy within 6 months from the lapse date and usual reinstatement conditions apply. Please note that reinstatement will require a declaration of the health status.
[p.14]
## When will you not receive the benefits of this plan?
The claim must meet the definitions of the events as shown in the contract before we can approve a claim and these events must not fall under the list of exclusions.
### EXCLUSIONS
There are certain situations when we will not pay the benefits under the policy. These conditions are stated in the policy contract.
#### Death benefit
We will not pay the benefit if the life assured dies due to suicide, while sane or insane, within 12 months from the date we issue the policy or from the date of reinstatement (if applicable). We will terminate your policy and pay the account value calculated as the next valuation date following our receipt of notification of the death.
For policies issued under simplified underwriting, we will not pay the benefit if the death is due to any pre-existing condition within 12 months from the date we issue the policy or from the date of reinstatement (if applicable).
#### TPD benefit
We will not pay any benefits for:
(a) TPD resulting directly or indirectly, wholly or partly, from self-inflicted injury, while sane or insane;
(b) TPD resulting directly or indirectly, wholly or partly, from bodily injury suffered while the life assured is in or on, or boarding or descending from, an aircraft.
The above will not apply if the life assured is a:
(i) fare-paying passenger or a crew member on an aircraft licensed for passenger service and operated by a commercial airline on a scheduled route;
(ii) passenger who is a member of the armed forces on a military transport aircraft; or
(iii) provider of airport ground handling, aviation catering, aircraft engineering or other aviation-related services while the aircraft is on the ground; or
(c) any pre-existing TPD.
For policies issued under simplified underwriting, we will not pay the benefit if the TPD is due to any pre-existing condition within 12 months from the date we issue the policy or from the date of reinstatement (if applicable).
#### Terminal illness benefit
We will not pay any benefits for:
(a) terminal illness in the presence of Human Immunodeficiency Virus ("HIV") infection; or
(b) pre-existing terminal illness.
For policies issued under simplified underwriting, we will not pay the benefit if the terminal illness is due to any pre-existing condition within 12 months from the date we issue the policy or from the date of reinstatement (if applicable).
#### Child cover benefit
We will not pay any benefit for child cover if:
(a) the child is above age 18 next birthday at the time of his death, his suffering from TPD or the diagnosis of his TI;
(b) the child's death, or diagnosis of TPD or TI (as the case may be) is within 12 months from:
(i) the date we issue your policy;
(ii) the date of birth of the child if the child was born after we issued your policy;
(iii) the date of legal adoption of the child if the child was legally adopted after we issued your policy; or
(iv) the date of any reinstatement of your policy; or
(c) we have already paid a claim for child cover in respect of that child.
#### NON-DISCLOSURE
We may reject your claim if the life assured has a pre-existing condition and:
- has not declared it in the proposal form as required for a new policy (if applicable); or
- has not declared it in the reinstatement form as required for a reinstatement (if applicable); or
- has not declared it in the application form as required for an increase in the sum assured (if applicable).
**You are advised to read the contract for the exact definitions, terms and conditions, and full list of exclusions.**
[p.15]
## When will your policy be terminated?
Your policy will terminate when any of the following occurs:
(a) the date of death of the life assured;
(b) when the life assured suffers from TPD or is diagnosed with TI and such claim is admitted;
(c) in the event of cancellation of the policy in exercise of your right of free-look;
(d) you surrender your policy; or
(e) all the funds available to the policy are closed.
However, where a Continuation Event has occurred:
- the admission of a claim for the TPD benefit will not terminate the policy and any attaching Additional CI UDR(s) in force; and
- the termination or lapsation of all the Additional CI UDRs in accordance with the terms of such riders, will be considered as an event which will terminate the policy and all its attaching Additional CI UDR(s) in force, in addition to the events stated above.
## What is the free-look period?
After purchasing a life insurance policy, you have a 14-day free-look period starting from the day you receive your policy documents to review the documents carefully.
During this time, if you choose to cancel your policy, we will refund you:
- the premiums you have paid
less any change in the unit price(s) of the fund(s),
less other costs incurred in assessing the risk of the policy including but not limited to, medical fees and other expenses, such as payments for medical check-ups and medical reports which are incurred by us.
If your policy document is sent by post, we will assume it has been delivered and received seven (7) days after the date of posting.
## 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 Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg or www.sdic.org.sg).
## General information
This product summary is for general information only. It is not a contract of insurance. The precise terms and conditions of this insurance plan are shown in the policy contract.
You are responsible for the accuracy and completeness of the information given to us:
(a) in any application for the policy; and
(b) when making any claim under the policy.
You can contact your financial representative for details on the procedures for withdrawing, surrendering or making claims under your policy. You may also visit Great Eastern's website for information on how to make a claim.
This document may be translated into Chinese. If there is any difference between the English and Chinese versions, the English version will apply.
[p.16]
# Appendix
## Rates of insurance charge for GREAT Life Advantage 4
### Standard Rate of Insurance Charges Per Annum Per S$1,000 Net Sum Assured
| Age Next Birthday on Preceding (or Coincident) Policy Anniversary * | Male Non-Smoker | Male Smoker | Female Non-Smoker | Female Smoker | Age Next Birthday on Preceding (or Coincident) Policy Anniversary * | Male Non-Smoker | Male Smoker | Female Non-Smoker | Female Smoker |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 0.650 | 0.650 | 0.625 | 0.625 | 40 | 1.235 | 1.512 | 0.943 | 1.153 |
| 2 | 0.650 | 0.650 | 0.625 | 0.625 | 41 | 1.346 | 1.598 | 1.019 | 1.255 |
| 3 | 0.650 | 0.650 | 0.625 | 0.625 | 42 | 1.476 | 1.703 | 1.115 | 1.374 |
| 4 | 0.650 | 0.650 | 0.625 | 0.625 | 43 | 1.580 | 1.837 | 1.215 | 1.470 |
| 5 | 0.650 | 0.650 | 0.625 | 0.625 | 44 | 1.674 | 1.958 | 1.334 | 1.611 |
| 6 | 0.650 | 0.650 | 0.625 | 0.625 | 45 | 1.789 | 2.144 | 1.435 | 1.746 |
| 7 | 0.650 | 0.650 | 0.625 | 0.625 | 46 | 1.938 | 2.431 | 1.536 | 1.875 |
| 8 | 0.650 | 0.650 | 0.625 | 0.625 | 47 | 2.155 | 2.765 | 1.655 | 2.015 |
| 9 | 0.650 | 0.650 | 0.625 | 0.625 | 48 | 2.429 | 3.180 | 1.753 | 2.166 |
| 10 | 0.650 | 0.650 | 0.625 | 0.625 | 49 | 2.717 | 3.662 | 1.854 | 2.347 |
| 11 | 0.683 | 0.683 | 0.659 | 0.659 | 50 | 2.925 | 4.039 | 1.969 | 2.539 |
| 12 | 0.802 | 0.802 | 0.779 | 0.779 | 51 | 3.149 | 4.681 | 2.213 | 2.896 |
| 13 | 0.910 | 0.910 | 0.886 | 0.886 | 52 | 3.715 | 5.266 | 2.489 | 3.354 |
| 14 | 0.910 | 0.910 | 0.886 | 0.886 | 53 | 4.350 | 5.905 | 2.867 | 3.958 |
| 15 | 0.910 | 0.910 | 0.886 | 0.886 | 54 | 4.935 | 6.507 | 3.354 | 4.634 |
| 16 | 0.910 | 0.910 | 0.886 | 0.886 | 55 | 5.506 | 7.260 | 3.958 | 5.319 |
| 17 | 0.910 | 0.910 | 0.886 | 0.886 | 56 | 6.078 | 8.102 | 4.634 | 5.968 |
| 18 | 0.910 | 0.914 | 0.886 | 0.890 | 57 | 6.727 | 8.804 | 5.373 | 6.654 |
| 19 | 0.922 | 0.926 | 0.886 | 0.890 | 58 | 7.497 | 9.658 | 5.812 | 7.393 |
| 20 | 0.922 | 0.926 | 0.886 | 0.890 | 59 | 7.999 | 10.537 | 6.528 | 8.267 |
| 21 | 0.922 | 0.926 | 0.886 | 0.890 | 60 | 8.515 | 11.735 | 7.196 | 9.231 |
| 22 | 0.922 | 0.926 | 0.886 | 0.890 | 61 | 9.450 | 12.684 | 8.015 | 9.991 |
| 23 | 0.922 | 0.926 | 0.886 | 0.890 | 62 | 10.436 | 13.430 | 8.724 | 10.776 |
| 24 | 0.922 | 0.926 | 0.886 | 0.890 | 63 | 11.312 | 14.632 | 9.588 | 11.797 |
| 25 | 0.922 | 0.926 | 0.886 | 0.890 | 64 | 12.351 | 15.869 | 10.447 | 12.987 |
| 26 | 0.922 | 0.926 | 0.886 | 0.890 | 65 | 12.911 | 16.774 | 11.367 | 14.320 |
| 27 | 0.922 | 0.926 | 0.886 | 0.890 | 66 | 13.316 | 17.597 | 12.368 | 15.789 |
| 28 | 0.922 | 0.926 | 0.886 | 0.890 | 67 | 14.472 | 19.419 | 13.457 | 17.410 |
| 29 | 0.922 | 0.926 | 0.886 | 0.890 | 68 | 16.003 | 21.536 | 14.642 | 19.197 |
| 30 | 0.922 | 0.926 | 0.886 | 0.890 | 69 | 17.728 | 23.806 | 15.931 | 21.167 |
| 31 | 0.922 | 0.926 | 0.886 | 0.890 | 70 | 19.264 | 26.179 | 17.334 | 23.339 |
| 32 | 0.922 | 0.926 | 0.886 | 0.890 | 71 | 20.435 | 28.807 | 18.860 | 25.734 |
| 33 | 0.922 | 0.926 | 0.886 | 0.890 | 72 | 22.179 | 31.600 | 20.521 | 28.375 |
| 34 | 0.922 | 0.962 | 0.886 | 0.890 | 73 | 23.991 | 34.580 | 22.328 | 31.287 |
| 35 | 0.922 | 1.046 | 0.886 | 0.890 | 74 | 25.869 | 37.801 | 24.294 | 34.498 |
| 36 | 0.959 | 1.133 | 0.892 | 0.901 | 75 | 27.834 | 41.296 | 26.433 | 38.039 |
| 37 | 1.007 | 1.219 | 0.898 | 0.929 | 76 | 30.944 | 45.079 | 28.760 | 41.942 |
| 38 | 1.072 | 1.317 | 0.905 | 0.994 | 77 | 34.386 | 49.198 | 31.292 | 46.247 |
| 39 | 1.150 | 1.410 | 0.914 | 1.059 | 78 | 38.196 | 55.457 | 34.048 | 50.993 |
| 79 | 41.507 | 60.377 | 37.046 | 56.226 | 90 | 116.390 | 169.999 | 93.728 | 164.685 |
| 80 | 45.328 | 65.669 | 40.307 | 61.997 | 91 | 126.946 | 186.963 | 101.981 | 181.587 |
| 81 | 48.916 | 72.222 | 43.857 | 68.359 | 92 | 138.011 | 205.619 | 110.960 | 200.222 |
| 82 | 52.876 | 79.428 | 47.7189 | 75.375 | 93 | 148.374 | 226.138 | 120.730 | 220.771 |
| 83 | 56.750 | 87.354 | 51.920 | 83.110 | 94 | 158.300 | 248.703 | 131.360 | 243.42 |
| 84 | 62.336 | 96.071 | 56.491 | 91.640 | 95 | 169.248 | 273.521 | 142.927 | 268.4108 |
| 85 | 68.749 | 105.658 | 61.465 | 101.044 | 96 | 182.275 | 300.815 | 155.511 | 295.95 |
| 86 | 77.120 | 116.201 | 66.877 | 111.414 | 97 | 198.124 | 330.836 | 169.204 | 326.329 |
| 87 | 85.758 | 127.797 | 72.765 | 122.848 | 98 | 218.834 | 363.845 | 184.102 | 359.82 |
| 88 | 95.858 | 140.549 | 79.172 | 135.456 | 99 | 239.070 | 400.153 | 200.312 | 396.74 |
| 89 | 105.790 | 154.574 | 86.143 | 149.357 | | | | | |
[p.17]
[p.18]
[p.19]
[p.20]
\* On Date of Deduction of Insurance Charge
Note: Insurance Charge for Each Policy Month = (Net Sum Assured At Start of Policy Month x Rate of Insurance Charge Per Annum) / 12,000
---
### https://lifeinsurance.com.sg/api/product/great-eastern/great-life-multiplier/summary.md
# GREAT Life
Multiplier
**Insurer:** Great Eastern (The Great Eastern Life Assurance Company Limited)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/190800011G/PS(EN)_GREAT%20Life%20Multiplier_(SG)_v3.0.pdf
## Source wording
- **Effective from:** (not stated in document)
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/190800011G/PS(EN)_GREAT%20Life%20Multiplier_(SG)_v3.0.pdf
- **PDF sha256:** `1454857ddf6eb64aa7659836df3467e49ffae9bbd55d16ff9061aeca0f3be195`
- **Extraction confidence:** verified
## Extracted facts
### free look
```json
{
"period_days": 14,
"source_page": 8,
"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
```json
[
{
"text": "If the life assured dies by suicide, while sane or insane, or from any pre-existing condition, within 12 months from the date of issue of the policy or from the date of any reinstatement, the policy will be rendered void and we will refund all premiums paid without interest (after deducting any outstanding debt, and any benefits and/or bonuses paid).",
"source_page": 2
},
{
"text": "Payment of the TPD Benefit will not be made for: (a) Pre-existing TPD; (b) TPD resulting directly or indirectly, wholly or partly, from self-inflicted injury, while sane or insane; (c) TPD resulting directly or indirectly, wholly or partly, from bodily injury sustained while the life assured is in or on, or boarding or descending from, an aircraft other than as a: (i) fare-paying passenger or crew member on an aircraft licensed for passenger service and operated by a commercial airline on a scheduled route; (ii) passenger who is a member of the armed forces on a military transport aircraft; or (iii) provider of airport ground handling, aviation catering, aircraft engineering or other aviation-related services while the aircraft is on the ground; or (d) a diagnosis of TPD due to a pre-existing condition within 12 months from the date of issue of the policy or the date of reinstatement of the policy (if applicable).",
"source_page": 2
},
{
"text": "Payment of the TI Benefit will not be made: (a) pre-existing TI; (b) TI in the presence of Human Immunodeficiency Virus (HIV) infection; or (c) a diagnosis of TI due to a pre-existing condition within 12 months from the date of issue of the policy or the date of reinstatement of the policy (if applicable).",
"source_page": 2
}
]
```
### cash values
```json
{
"has_cash_value": true,
"non_guaranteed_bonus": {
"text": "The future bonuses which have yet to be declared are not guaranteed and are dependent on the performance of the participating fund. We will decide the level of bonus to be declared each year as approved by the board of directors, taking into account the written recommendation by the appointed actuary. There are two main types of future bonuses for the plan - reversionary bonus and terminal bonus.",
"available": true,
"bonus_types": [
"reversionary",
"terminal"
],
"source_page": 4,
"par_fund_name": "Great Eastern Life Participating Fund"
},
"guaranteed_surrender_value": {
"basis": "Payable when policy is surrendered after at least 3 full policy years of premiums paid and policy has been in force for at least 3 years. See table of deductions in the policy illustration for the possible cost of surrendering the plan early.",
"available": true,
"source_page": 2
}
}
```
### policy loan
```json
{
"available": true,
"source_page": 8
}
```
### grace period
```json
{
"days": 30,
"source_page": 7
}
```
### product type
```json
"whole-life"
```
### policy basics
```json
{
"minimum_entry_age": {
"basis": "age-next-birthday",
"years": 0,
"source_page": 2
},
"maximum_coverage_age": "whole-of-life",
"maximum_policy_term_years": "whole-of-life (limited premium terms of 15, 20, 25 or 30 years)",
"minimum_policy_term_years": "whole-of-life (limited premium terms of 15, 20, 25 or 30 years)"
}
```
### premium terms
```json
{
"payment_modes": [
"annual",
"semi-annual",
"quarterly",
"monthly"
],
"premium_term_options": [
{
"label": "15-pay",
"description": "You may choose premium terms of 15, 20, 25 or 30 years.",
"source_page": 1
},
{
"label": "20-pay",
"description": "You may choose premium terms of 15, 20, 25 or 30 years.",
"source_page": 1
},
{
"label": "25-pay",
"description": "You may choose premium terms of 15, 20, 25 or 30 years.",
"source_page": 1
},
{
"label": "30-pay",
"description": "You may choose premium terms of 15, 20, 25 or 30 years.",
"source_page": 1
}
],
"premium_review_clause": {
"text": "The premium rates for GREAT Life Multiplier are guaranteed.",
"reviewable": false,
"source_page": 3
}
}
```
### reinstatement
```json
{
"conditions": "If the policy lapses because it does not have enough net surrender value, you may reinstate it within 3 years from the date it lapses and usual reinstatement conditions apply.",
"source_page": 7,
"window_years": 3
}
```
### non forfeiture
```json
{
"source_page": 7,
"automatic_premium_loan": {
"text": "If you do not pay your premiums on time, your policy may lapse (after a 30-day grace period) depending on the net surrender value. If the policy has enough net surrender value, you will be given an automatic premium loan (APL).",
"available": true
}
}
```
### suicide clause
```json
{
"source_page": 2,
"payout_within_period": "If the life assured dies by suicide, while sane or insane, or from any pre-existing condition, within 12 months from the date of issue of the policy or from the date of any reinstatement, the policy will be rendered void and we will refund all premiums paid without interest (after deducting any outstanding debt, and any benefits and/or bonuses paid).",
"exclusion_period_months": 12
}
```
### document metadata
```json
{
"wording_version": "PS Version 3.0",
"product_full_name": "GREAT Life Multiplier",
"insurer_legal_entity": "The Great Eastern Life Assurance Company Limited (Registration No. 1908 00011G)",
"product_summary_pdf_url": "https://www.greateasternlife.com"
}
```
### terminal illness benefit
```json
{
"available": true,
"source_page": 2,
"acceleration_percent": 100,
"qualifying_definition": "TI refers to the conclusive diagnosis of an illness that is expected to result in the death of the life assured within 12 months of the diagnosis. This diagnosis must be made by a specialist and when we require, to be confirmed by our appointed medical practitioner."
}
```
---
*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.*
---
### https://lifeinsurance.com.sg/api/product/great-eastern/great-life-multiplier/wording.md
# Product Summary
## GREAT Life Multiplier
Please keep this copy for reference.
The Great Eastern Life Assurance Company Limited (Registration No. 1908 00011G)
PS Version 3.0 (Errors and Omissions Excepted)
1 Pickering Street #01-01, Great Eastern Centre, Singapore 048659
Website: www.greateasternlife.com
[p.1]
## About your plan
GREAT Life Multiplier is a limited premium term whole of life participating insurance plan which provides financial protection against death, total and permanent disability (TPD) and terminal illness (TI).
It offers you enhanced protection through a multiplier benefit equivalent to 3, 5, 8 or 10 times of the basic sum assured which applies up to your selected multiplier expiry age of 65, 75 or 85 age next birthday. You may choose premium terms of 15, 20, 25 or 30 years.
This plan also allows you to participate in the performance of the participating fund in the form of bonuses that are not guaranteed. The objective of this plan is to provide insurance protection together with stable medium- to long-term returns using a combination of guaranteed benefits and non-guaranteed bonuses.
## The provider of your policy
GREAT Life Multiplier is provided by The Great Eastern Life Assurance Company Limited, at 1 Pickering Street, #01-01, Great Eastern Centre, Singapore 048659.
The Great Eastern Life Assurance Company Limited is a wholly owned subsidiary of Great Eastern Holdings Limited and a member of the OCBC Group.
# Benefits
[p.2]
## Death Benefit
If the life assured dies before the policy anniversary on which the life assured's age next birthday is equal to the Multiplier Benefit Expiry Age, we will pay higher of the Multiplied Sum Assured (Basic Sum Assured * Multiplier Factor) or the basic sum assured plus all attaching bonuses (if any), as defined in the contract, less any amounts owed to us, in one lump sum.
If the life assured dies on or after the policy anniversary on which the life assured's age next birthday is equal to the Multiplier Benefit Expiry Age, the Company will pay the basic sum assured, plus all attaching bonuses (if any), as defined in the contract, less any amounts owed to us, in one lump sum.
## Total and permanent disability (TPD) Benefit
If the life assured suffers from TPD, we will pay the death benefit in one lump sum.
| Life assured's age | Life assured suffers from a state of incapacity which is total and permanent, and which: | Applicable period |
|---|---|---|
| Above 15 years old | (a) is such that there is not at that time, nor at any time thereafter, any work, occupation or profession which the life assured can ever perform or follow sufficiently to earn or obtain any wage, remuneration or profit; or (b) takes the form of total and irrecoverable loss of: (i) the sight in both eyes; (ii) the use of 2 limbs at or above the wrist or ankle; or (iii) the sight in 1 eye and the use of 1 limb at or above the wrist or ankle. | Happens before the policy anniversary on which the life assured is 65 age next birthday. Applies for the whole of the policy term. |
| 15 years old and below | (a) is such that the life assured has been confined to a home, hospital or other institution requiring constant care and medical attention for at least 6 consecutive months; or (b) takes the form of total and irrecoverable loss of: (i) the sight in both eyes; (ii) the use of 2 limbs at or above the wrist or ankle; or (iii) the sight in 1 eye and the use of 1 limb at or above the wrist or ankle. | Happens before the life assured turns 16 years old. Applies for the whole of the policy term. |
TPD must, in the opinion of a registered medical practitioner, be deemed to be total and permanent.
If the life assured suffers from TPD before turning age 1, we will pay 20% of the Multiplied Sum Assured (Basic Sum Assured * Multiplier Factor) plus all attaching bonuses (if any), as defined in the contract, less any amounts owed to us.
The most we will pay in benefit for TPD for all policies and riders we have issued for the same life assured is S$5,000,000.
## Terminal Illness Benefit (TI)
If the life assured is diagnosed with a TI, we will pay the death benefit in one lump sum.
TI refers to the conclusive diagnosis of an illness that is expected to result in the death of the life assured within 12 months of the diagnosis. This diagnosis must be made by a specialist and when we require, to be confirmed by our appointed medical practitioner.
The most we will pay in benefit for TI for all policies and riders issued by us for the same life assured is $20,000,000. The currency that the policy or rider is denominated in is irrelevant for the purposes of assessing the limit.
## Surrender value
We will pay the surrender value when you surrender your policy after you have paid at least 3 full policy years of premiums and your policy has been in force for at least 3 years.
## What is the effect of early surrender?
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.
Please see the table of deductions in the policy illustration for the possible cost of surrendering the plan early.
## When will you not receive the benefits of this plan?
There are certain situations when we will not pay the benefits under the policy. These conditions are stated in the policy contract.
### Death Benefit
If the life assured dies by suicide, while sane or insane, or from any pre-existing condition, within 12 months from the date of issue of the policy or from the date of any reinstatement, the policy will be rendered void and we will refund all premiums paid without interest (after deducting any outstanding debt, and any benefits and/or bonuses paid).
### TPD Benefit
Payment of the TPD Benefit will not be made for:
(a) Pre-existing TPD;
(b) TPD resulting directly or indirectly, wholly or partly, from self-inflicted injury, while sane or insane;
(c) TPD resulting directly or indirectly, wholly or partly, from bodily injury sustained while the life assured is in or on, or boarding or descending from, an aircraft other than as a:
(i) fare-paying passenger or crew member on an aircraft licensed for passenger service and operated by a commercial airline on a scheduled route;
(ii) passenger who is a member of the armed forces on a military transport aircraft; or
(iii) provider of airport ground handling, aviation catering, aircraft engineering or other aviation-related services while the aircraft is on the ground; or
(d) a diagnosis of TPD due to a pre-existing condition within 12 months from the date of issue of the policy or the date of reinstatement of the policy (if applicable).
### Terminal Illness Benefit
Payment of the TI Benefit will not be made:
(a) pre-existing TI;
(b) TI in the presence of Human Immunodeficiency Virus (HIV) infection; or
(c) a diagnosis of TI due to a pre-existing condition within 12 months from the date of issue of the policy or the date of reinstatement of the policy (if applicable).
You should read the policy contract for all the exclusions.
## Will we change your premium rates for this plan?
The premium rates for GREAT Life Multiplier are guaranteed.
[p.3]
# Bonuses
[p.4]
## Types of bonuses
GREAT Life Multiplier provides both guaranteed and non-guaranteed benefits. The guaranteed benefits, including bonuses which have already been declared, will be paid no matter how the participating fund performs. Non-guaranteed benefits are in the form of future bonuses.
The future bonuses which have yet to be declared are not guaranteed and are dependent on the performance of the participating fund. We will decide the level of bonus to be declared each year as approved by the board of directors, taking into account the written recommendation by the appointed actuary.
There are two main types of future bonuses for the plan - reversionary bonus and terminal bonus.
## Reversionary bonus
This is a yearly bonus that we will declare yearly (if any). Once declared, it will form part of the guaranteed benefit of the policy. However, it can only be added to your policy benefits after 3 full policy years or otherwise as decided by us.
The illustrated reversionary bonus rates of the plan are as follows:
| End of policy year | Reversionary bonus - Illustrated Investment Rate of Return of 4.25% per annum | Reversionary bonus - Illustrated Investment Rate of Return of 3.00% per annum |
|---|---|---|
| Year 1 to 20 | S$7.50 per S$1,000 sum assured and compounding at 0.75% | S$7.50 per S$1,000 sum assured and compounding at 0.75% |
| 21 years and above | S$10.00 per S$1,000 sum assured | S$10.00 per S$1,000 sum assured |
The illustrated investment rates of return are used purely for illustrative purposes and do not represent upper and lower limits of the investment performance of the participating fund.
## Terminal bonus
The terminal bonus (if any) is payable:
(a) when there is a claim under your policy; or
(b) when you surrender your policy.
We usually review the terminal bonus yearly.
## How are the assets being invested and managed?
We will combine your premium(s), along with those of other participating policies, in one pool of assets in the participating fund.
The participating fund aims to achieve the illustrated investment rate of return while controlling risks by actively managing a mix of asset classes. We practise diversification by investing mainly in equities, fixed income and alternative asset classes.
We balance risk and return by strategically allocating across asset classes to generate the long-term returns. Asset classes invested in the Participating fund are exposed to Market Risk, Credit Risk and Liquidity Risk.
Interest rate derivatives such as interest rate swaps and treasury bond futures are used for asset-liability management via reducing the asset-liability duration gap. These derivatives are generally exposed to Interest Rate Risk, Basis Risk, and Liquidity Risk.
While we partly manage the assets of the participating fund, we have appointed Lion Global Investors Limited to mainly manage the assets.
The participating fund manager:
Lion Global Investors Limited
65 Chulia Street, OCBC Centre #18-01, Singapore 049513
[p.5]
## The strategic asset allocation for the year 2025 and actual investment mix of the participating fund as at 31 Dec 2024 are as follows:
| Asset class | Strategic allocation | Actual allocation |
|---|---|---|
| Equities | 29% | 25% |
| Bonds | 58% | 62% |
| Properties | 7% | 7% |
| Loans | 5% | 5% |
| Cash and equivalent | 1% | 1% |
| Others | 0% | 0% |
| Total assets | 100% | 100% |
## 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 | Average of last 3 years | Average of last 5 years | Average of last 10 years |
|---|---|---|---|---|---|---|
| Investment returns | -7.91% | 6.37% | 4.26% | 0.71% | 2.39% | 3.68% |
Please note that past performance may not be indicative of future performance.
## 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 | Average of last 3 years | Average of last 5 years | Average of last 10 years |
|---|---|---|---|---|---|---|
| Total expense ratio | 1.74% | 1.44% | 1.35% | 1.49% | 1.54% | 1.61% |
Please note that past expense ratios may not be indicative of actual expenses that may be incurred in the future.
## What are the risks that affect the level of bonuses?
The level of the bonuses depends on the current performance, the future outlook and the financial soundness of the participating fund. The main sources of risks affecting the performance of the participating fund include:
* investment returns;
* expenses incurred or allocated to the participating fund;
* the amount of death and sickness claims paid out on policies in the participating fund; and
* the number of surrendered policies in the participating fund.
## How are risks shared?
The risks arising from investment and surrendered policies are pooled and shared by all policies in the participating fund. Other risks may be shared among products that have the same features. Examples of these risks include expense risks, risks of people dying and the risks of people suffering from a disability or illness.
In deciding on the level of bonuses that we can pay, the values of the assets available to back the plan is calculated by accumulating the premiums paid at the actual rate of investment return less the expenses incurred, the cost of insurance, commission paid and other costs that may be incurred in managing the participating fund.
## How are bonuses smoothed over time?
We smooth bonuses to make sure we can provide a stable medium- to long-term return on your policy. As a result, we may retain bonuses in good years to support the bonus in years when experience is less favourable. However, the effect of smoothing is intended to be neutral over time and across generations of policyholders.
### Reversionary Bonus
Our bonus distribution policy is to keep the reversionary bonus at a level that we expect that it can be supported over the medium- to long- term. Thus, while we review the reversionary bonus yearly, we do not expect it to rise and fall much from year to year. Nevertheless, there may be significant adjustments under exceptional circumstances.
We do not have the reversionary bonus rates declared for this plan over the past 3 years.
### Terminal Bonus
We usually review the terminal bonus yearly. In exceptional circumstances, the review may be more frequent. The terminal bonus is more likely to change from year to year but our policy is to limit the yearly variation so that, under normal circumstances, the payout will not rise and fall too much over the short term.
We do not have the terminal bonus rates declared for this plan over the past 3 years.
Please note that past performance may not be indicative of future performance.
[p.6]
## How will you be updated on the performance of your policy?
You will receive an annual bonus update that will include the following:
* the performance of the participating fund and its future outlook, which you should receive around the second quarter of each year after bonus is declared for your policy; and
* an annual statement regarding bonuses for your policy, which you should receive around the second quarter of each year after bonus is declared for your policy. For policies with cash bonus, you should receive the relevant statement within one month from your policy anniversary only when the cash bonus is due.
Please refer to the 'Bonuses' section to see the type of bonus(es) applicable to your policy.
When there is a change in the rate of bonuses declared, you can ask us for an update of the illustrated values.
# Fees and charges
[p.7]
GREAT Life Multiplier shares in the experience of the participating fund. This means that all expenses and charges relating to operating and managing the participating fund, as well as all sales related expenses, can be charged to the policy according to the risk-sharing rules described earlier.
Examples of such expenses include:
* commission fees paid to agents or intermediaries;
* investment fees paid to fund managers for providing investment management services to the participating fund;
* costs for mortality (death), morbidity (sickness), ending policies; and
* management fees.
Please see the table of deductions in the policy illustration for more information.
Please note that we have included fees and charges when working out the premium and you will not be separately charged for these.
## Conflict of interest
The board of directors is responsible for the interests of all stakeholders, including our participating fund policyholders. We have put in place internal controls in the following areas where there could be conflicts of interest:
* expenses allocated to the participating fund out of the total expenses incurred by us; and
* the investment strategy of the participating fund.
These controls are in place to make sure that we manage any conflicts of interest so that the effect on the participating fund policyholders' benefit in total is minimal.
## Related party transactions
Our main manager of the participating fund, Lion Global Investors Limited, is a 'related party'. All transactions with the related party will be approved by the relevant internal committee to make sure that transactions are done at arm's length.
# Risks of this policy
## What happens if you surrender the policy early?
If you surrender your policy after the free-look period, you may lose part or all of the premiums paid. This is because the surrender value, if any, that is payable to you may be zero or less than the total premiums paid.
Buying a new policy may mean we need to reassess the life assured's health and circumstances and may result in higher premiums and/or benefit exclusions due to the age and health status.
## What is the worst case scenario if you surrender your policy early?
There will be no protection if you surrender your policy early and you will also lose part or all of your premiums. The illustrated amount you will receive is reflected in the surrender value column in the policy illustration.
## What happens if you do not pay your premiums on time?
If you do not pay your premiums on time, your policy may lapse (after a 30-day grace period) depending on the net surrender value. If the policy has enough net surrender value, you will be given an automatic premium loan (APL). If the policy lapses because it does not have enough net surrender value, you may reinstate it within 3 years from the date it lapses and usual reinstatement conditions apply.
## What happens if your policy lapses?
There will be no protection if your policy lapses.
## What are the risks that we will refuse your claim?
The claim must meet the terms as shown in the policy contract before we can approve a claim.
We may reject your claim if the life assured has a pre-existing condition and:
* has not declared it in the proposal form as required for a new policy (if applicable); or
* has not declared it in the reinstatement form as required for a reinstatement (if applicable); or
* has not declared it in the application form as required for an increase in the sum assured (if applicable).
You are advised to read the policy contract for the exact definitions, terms and conditions, and full list of exclusions.
## What are some of the risks of a participating regular premium whole life plan?
This plan provides guaranteed and non-guaranteed benefits. We will pay the guaranteed benefits no matter how the participating fund performs. Non-guaranteed benefits will depend on the performance of the participating fund.
## Will you receive the bonuses if you surrender your policy?
You will receive the surrender value of declared bonuses and the terminal bonus (if any) when you surrender your policy.
## When will your policy be terminated?
Your policy will terminate on the earliest of the following events:
(a) the date of death of the life assured;
(b) when the life assured suffers from TPD, or is diagnosed with TI and such claim is admitted;
(c) when the policy lapses, is surrendered or otherwise terminated; or
(d) when the basic sum assured of the policy has been fully accelerated under the attaching Critical Illness Multiplier Rider and/ or Critical Illness Multiplier (E&I) Rider, if any.
You are advised to read the policy contract for the detailed terms and conditions.
## What happens if you have outstanding policy loan(s) or debt(s)?
We will first use any amount payable under the policy to deduct any policy loan(s) and/or debt(s) before the balance amount is paid.
## What happens if you become mentally incapacitated?
Under Beneficiary Access, in the event you are certified to be mentally incapacitated and had previously made a revocable nomination under the Insurance Act 1966 ("the Act"), the nominee(s) may request in writing to us to receive a sum of up to 50% of the surrender value of the policy at the point of request, while the policy is in force, subject to the following conditions:
(a) there must be no trust nomination made in respect of the policy;
(b) the policy must not be subject to a trust;
(c) the life assured and policyholder of the policy must be the same person;
(d) you must still be alive;
(e) the nominee(s) must have a familial relationship with you, including but not limited to your lawful spouse, parents, siblings and/or legal or biological child(ren);
(f) the nomination must not have been revoked at the point of request;
(g) the nomination must have been made prior to you being certified as mentally incapacitated;
(h) the nominee(s) must be 18 years of age and above;
(i) the policy is not converted to a paid-up assurance or extended term assurance;
(j) the nominee(s) must provide a medical report by a medical practitioner and any other evidence required by us for assessment of your mental incapacity; and
(k) each request will be subject to our written acceptance in our absolute discretion. We shall not be required to provide reason(s) for our decision.
If there is more than one (1) nominee, each nominee will be entitled to 50/n % of the surrender value of the policy at the point of request, where n refers to the number of nominees. Each nominee can choose to make a request at any time during the term of the policy, save that each nominee may only make a request once.
For the purposes of our payout under this clause, you consent to us disclosing to the relevant nominee(s), the value of n in the event we accept the nominee's request for payout.
Each time we payout under this clause, the basic sum assured will be reduced and all subsequent benefits payable will be based on the reduced basic sum assured. The basic sum assured will be reduced each time by a percentage, derived by dividing the amount we pay out by the total surrender value at the time of payout.
You may revoke your nomination at any time in accordance with the Act. However, once you have been certified by a medical practitioner to be mentally incapacitated, there can be no revocation of any existing nominations in respect of this benefit.
You are advised to read the policy contract for the detailed terms and conditions.
[p.8]
## What is the free-look period?
After purchasing a life insurance policy, you have a 14-day free-look period starting from the day you receive your policy documents to review the documents carefully. During this time, if you choose to cancel your 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.
If your policy document is sent by post, we will assume it has been delivered and received 7 days after the date of posting.
## 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 Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg or www.sdic.org.sg).
[p.9]
# General information
This product summary is for general information only. It is not a contract of insurance. The precise terms and conditions of this insurance plan are shown in the policy contract.
You are responsible for the accuracy and completeness of the information given to us:
(i) in any application for the policy; and
(ii) when making any claim under the policy.
You can contact your financial representative for details on the procedures for surrendering or making claims under your policy. You may also visit Great Eastern's website for information on how to make a claim.
You may also refer to our website for a copy of "Your Guide to Participating Policies" or ask us for a hardcopy.
This document may be translated into Chinese. If there is any difference between the English and Chinese versions, the English version will apply.
[p.10]
---
### https://lifeinsurance.com.sg/api/product/great-eastern/great-term/summary.md
# GREAT
Term
**Insurer:** Great Eastern (The Great Eastern Life Assurance Company Limited)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/190800011G/PS_GEL_GREATTerm2_TPD2_V2.0.pdf
## Source wording
- **Effective from:** (not stated in document)
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/190800011G/PS_GEL_GREATTerm2_TPD2_V2.0.pdf
- **PDF sha256:** `d32ae2933619f3ec07b36483938f30c3e3b10f70274af707f1f8d45e2811284e`
- **Extraction confidence:** verified
## Extracted facts
### riders
```json
[
{
"name": "TPD Benefit Rider 2",
"rider_type": "tpd",
"description": "A non-participating, regular premium insurance rider which provides protection against Total and Permanent Disability (TPD). If sum assured of rider is equivalent to sum assured of basic plan, we will pay the death benefit from the basic plan and the policy will then end. If sum assured of rider is less than sum assured of basic plan, we will pay the sum assured of this rider, which will be accelerated from the basic plan. The most we will pay in benefit for TPD for all policies and riders we have issued for each life assured is S$5,000,000.",
"source_page": 1,
"available_at_inception": true,
"available_after_inception": true
}
]
```
### free look
```json
{
"period_days": 14,
"source_page": 3,
"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
```json
[
{
"text": "We will not pay the benefit if the life assured commits suicide, while sane or insane, within 1 year from the date we issue the policy or from the date of any reinstatement, whichever is later. The policy will be void.",
"source_page": 2
},
{
"text": "We will not pay the terminal illness benefit for: (a) terminal illness in the presence of HIV infection; or (b) any pre-existing condition.",
"source_page": 2
},
{
"text": "We will not pay the TPD benefit for TPD resulting: (a) directly or indirectly, wholly or partly, from self-inflicted injury, while sane or insane; (b) directly or indirectly, wholly or partly, from bodily injury sustained while in or on, or boarding or descending from, an aircraft other than as a: (i) fare-paying passenger or crew member on an aircraft licensed for passenger service and operated by a commercial airline on a scheduled route; (ii) passenger who is a member of the armed forces on a military transport aircraft; or (iii) provider of airport ground handling, aviation catering, aircraft engineering or other aviation-related services while the aircraft is on the ground; or (c) any pre-existing condition.",
"source_page": 2
}
]
```
### cash values
```json
{
"has_cash_value": false,
"non_guaranteed_bonus": {
"available": false
},
"guaranteed_surrender_value": {
"basis": "As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely.",
"available": false,
"source_page": 2
}
}
```
### grace period
```json
{
"days": 30,
"source_page": 2
}
```
### product type
```json
"term-life"
```
### policy basics
```json
{
"minimum_entry_age": {
"basis": "as-stated",
"years": 0,
"source_page": 2
},
"maximum_coverage_age": {
"basis": "age-next-birthday",
"years": 85,
"source_page": 1
},
"minimum_policy_term_years": "up to age 65, 70, 75, 80 and 85 next birthday (5 options)"
}
```
### premium terms
```json
{
"payment_modes": [
"annual",
"semi-annual",
"quarterly",
"monthly"
],
"premium_review_clause": {
"text": "Please note that premium rates for the policy are guaranteed.",
"reviewable": false,
"source_page": 2
}
}
```
### reinstatement
```json
{
"conditions": "reinstatement of the policy is allowed within 6 months from the lapse date and the usual reinstatement conditions apply.",
"source_page": 2,
"window_years": 0.5
}
```
### suicide clause
```json
{
"source_page": 2,
"payout_within_period": "We will not pay the benefit if the life assured commits suicide, while sane or insane, within 1 year from the date we issue the policy or from the date of any reinstatement, whichever is later. The policy will be void. We will refund all the premiums you have paid to you or your legal personal representative if you are both the life assured and policyholder of the policy, regardless of whether you have transferred the legal right of the policy to someone else.",
"exclusion_period_months": 12
}
```
### document metadata
```json
{
"wording_version": "PS Version 2.0 (Errors and Omissions Excepted)",
"product_full_name": "GREAT Term 2",
"insurer_legal_entity": "The Great Eastern Life Assurance Company Limited (Registration No. 1908 00011G)"
}
```
### terminal illness benefit
```json
{
"available": true,
"source_page": 1,
"acceleration_percent": 100,
"qualifying_definition": "a definite diagnosis of an illness that is expected to result in the life assured's death within 12 months from diagnosis. We require this diagnosis to be supported by a registered medical practitioner and to be confirmed by a medical practitioner appointed by us."
}
```
---
*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.*
---
### https://lifeinsurance.com.sg/api/product/great-eastern/great-term/wording.md
# Product Summary
## GREAT Term 2
Please keep this copy for reference.
The Great Eastern Life Assurance Company Limited (Registration No. 1908 00011G)
PS Version 2.0 (Errors and Omissions Excepted)
1 Pickering Street #01-01, Great Eastern Centre, Singapore 048659
Website: www.greateasternlife.com
[p.1]
## About your plan
GREAT Term 2 is a non-participating, regular premium level term insurance plan that provides 5 options of policy terms, up to age 65, 70, 75, 80 and 85 next birthday. It is designed to provide protection against death and terminal illness. GREAT Term 2 offers a conversion privilege that enables this plan to be converted to a new basic plan before age 70 next birthday without further medical evidence from the life assured.
## The provider of your plan
GREAT Term 2 is provided by The Great Eastern Life Assurance Company Limited, at 1 Pickering Street, #01-01, Great Eastern Centre, Singapore 048659.
The Great Eastern Life Assurance Company Limited is a wholly owned subsidiary of Great Eastern Holdings Limited and a member of the OCBC Group.
## Benefits
### Death benefit
If the life assured dies, we will pay the higher of:
(a) the basic sum assured; or
(b) total premiums paid,
and the policy will then end.
Total premiums paid refers to the premium of the basic policy (taking into account any adjustment based on the amount of the sum assured) multiplied by the premium frequency, multiplied by the number of complete policy years up to the next policy anniversary.
### Terminal illness benefit
We will pay the death benefit in one lump sum on a definite diagnosis of an illness that is expected to result in the life assured's death within 12 months from diagnosis. The policy will then end.
We require this diagnosis to be supported by a registered medical practitioner and to be confirmed by a medical practitioner appointed by us.
### Conversion privilege
The policy is convertible into any available whole life, endowment, index universal life or investment-linked policy offering equivalent or similar coverage (as determined by us), without requiring medical underwriting, provided the conversion is effected before the expiry date of the policy and not later than the policy anniversary on which the life assured attained age 70 next birthday.
The maximum sum assured of the converted policy is 100% of the in-force sum assured of the original policy as at the time of conversion. Partial conversion is allowed and the policy will be reduced by the amount converted (subject to the minimum sum assured required).
The premiums for the converted policy will be determined based on the attained age of the life assured on the date of conversion and the same risk classification as this Policy. This means that any exclusions or additional premium loadings that apply to this Policy (if any) will continue to apply to the new policy after conversion.
If the converted policy has additional risk classifications that are not available under this policy (for example, super standard, preferred, or super preferred), the conversion privilege benefit is only available if this policy was originally issued on standard terms, without any exclusions or additional premium loadings. The converted policy will be issued on standard terms. If the Policyholder wishes to obtain better terms (such as super standard, preferred, or super preferred), the Policyholder must apply and successfully complete the underwriting process required by the Company.
Riders or supplementary contracts may be added to the converted policy according to the prevailing rules at the time of conversion and subject to further medical underwriting.
You are advised to read the policy contract for the detailed terms and conditions.
## When will you not receive the benefits of this plan?
There are certain situations where we will not pay the benefits under this policy. These conditions are stated in the policy contract.
### Death benefit
We will not pay the benefit if the life assured commits suicide, while sane or insane, within 1 year from the date we issue the policy or from the date of any reinstatement, whichever is later. The policy will be void.
We will refund all the premiums you have paid to you or your legal personal representative if you are both the life assured and policyholder of the policy, regardless of whether you have transferred the legal right of the policy to someone else.
### Terminal illness benefit
We will not pay the benefit for:
(a) terminal illness in the presence of HIV infection; or
(b) any pre-existing condition.
You are advised to read the policy contract for the detailed terms and conditions.
## Will we change your premium rates for this plan?
Please note that premium rates for the policy are guaranteed.
## Risks of this plan
### What happens if you surrender the policy early?
If you surrender your policy after the free-look period, you may lose part or all of the premiums paid. This is because the surrender value, if any, that is payable to you may be zero or less than the total premiums paid.
Buying a new policy may mean we need to reassess the life assured's health and circumstances and may result in higher premiums and/or benefit exclusions due to the age and health status.
### What is the worst case scenario if you surrender your policy early?
There will be no protection under the policy if you surrender your policy early.
As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely.
### What happens if you do not pay your premiums on time?
If you do not pay your premiums on time, your policy will lapse (after 30 days grace period). However, reinstatement of the policy is allowed within 6 months from the lapse date and the usual reinstatement conditions apply.
[p.2]
### What happens if your policy lapses?
There will be no protection under the policy if your policy lapses.
### What are the risks that we will refuse your claim?
The claim must meet the terms as shown in the policy contract before we can approve a claim.
We may reject your claim if the life assured has a pre-existing condition and:
* has not declared it in the proposal form as required for a new policy (if applicable); or
* has not declared it in the reinstatement form as required for a reinstatement (if applicable); or
* has not declared it in the application form as required for an increase in the sum assured (if applicable).
You are advised to read the policy contract for the exact definitions, terms and conditions and full list of exclusions.
## When will your policy be terminated?
The policy will terminate on the earliest of the following dates:
(a) when the death benefit or terminal illness benefit claim is admitted;
(b) when the basic sum assured is fully paid;
(c) when the policy lapses;
(d) when the policy expires;
(e) when the policy is fully converted to another plan; or
(f) when we receive your written request for termination of the policy.
You are advised to read the policy contract for the detailed terms and conditions.
## What is the free-look period?
After purchasing a life insurance policy, you have a 14-day free-look period starting from the day you receive your policy documents to review the documents carefully. During this time, if you choose to cancel your 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.
If your policy document is sent by post, we will assume it has been delivered and received 7 days after the date of posting.
[p.3]
## 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 Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg or www.sdic.org.sg).
## General information
This product summary is for general information only. It is not a contract of insurance. The precise terms and conditions of this insurance plan are shown in the policy contract.
You are responsible for the accuracy and completeness of the information given to us:
(i) in any application for the policy; and
(ii) when making any claim under the policy.
You can contact your financial representative for details on the procedures for withdrawing, surrendering or making claims under your policy. You may also visit Great Eastern's website for information on how to make a claim.
This document may be translated into Chinese. If there is any difference between the English and Chinese versions, the English version will apply.
[p.4]
---
# Product Summary
## TPD Benefit Rider 2
Please keep this copy for reference.
The Great Eastern Life Assurance Company Limited (Registration No. 1908 00011G)
PS Version 2.0 (Errors and Omissions Excepted)
1 Pickering Street #01-01, Great Eastern Centre, Singapore 048659
Website: www.greateasternlife.com
[p.1]
## About your rider
TPD Benefit Rider 2 is a non-participating, regular premium insurance rider which provides protection against Total and Permanent Disability (TPD). This rider offers a conversion privilege which enables it to be converted (together with the basic plan) to a new TPD benefit before age 70 next birthday without further medical evidence from the life assured.
## Benefit
### Total and permanent disability benefit
We will pay the below benefit (where applicable) if the life assured suffers from total and permanent disability (TPD):
#### (a) If sum assured of rider is equivalent to sum assured of basic plan
We will pay the death benefit from the basic plan and the policy will then end.
#### (b) If sum assured of rider is less than sum assured of basic plan
We will pay the sum assured of this rider, which will be accelerated from the basic plan.
| Life Assured's age | Life Assured suffers from a state of incapacity which is total and permanent, and which: | Applicable period |
|---|---|---|
| Above 15 years old | (a) is such that there is not at that time, nor at any time thereafter, any work, occupation or profession which the Life Assured can ever perform or follow sufficiently to earn or obtain any wage, remuneration or profit; or | Happens before the policy anniversary on which the Life Assured is 65 age next birthday. |
| | (b) takes the form of total and irrecoverable loss of: (i) the sight in both eyes; (ii) the use of 2 limbs at or above the wrist or ankle; or (iii) the sight in 1 eye and the use of 1 limb at or above the wrist or ankle. | Applies for the whole of policy term. |
| 15 years old and below | (a) is such that the Life Assured has been confined to a home, hospital or other institution requiring constant care and medical attention for at least 6 consecutive months; or | Happens before the Life Assured turns 16 years old. |
| | (b) takes the form of total and irrecoverable loss of: (i) the sight in both eyes; (ii) the use of 2 limbs at or above the wrist or ankle; or (iii) the sight in 1 eye and the use of 1 limb at or above the wrist or ankle. | Applies for the whole of policy term. |
TPD must, in the opinion of a registered medical practitioner, be deemed to be total and permanent.
We will pay 20% of the TPD benefit in one lump sum if the life assured suffers from TPD before turning age 1, and the rider will end.
The most we will pay in benefit for TPD for all policies and riders we have issued for each life assured is S$5,000,000.
### Conversion privilege
When the conversion privilege of the basic plan is exercised, this rider is also convertible to another TPD benefit offering equivalent or similar coverage (as determined by us), without requiring medical underwriting, provided the conversion is effected before the expiry date of the policy and not later than the policy anniversary on which the life assured attained age 70 next birthday.
The maximum sum assured of the new TPD benefit is 100% of the in force sum assured of this rider as at the time of conversion. Partial conversion is allowed and this rider will be reduced by the amount converted (subject to the minimum sum assured required).
The premiums for the new TPD benefit will be determined based on the attained age of the life assured on the date of conversion and the same risk classification as this rider. This means that any exclusions or additional premium loadings that apply to this rider (if any) will continue to apply to the new TPD benefit after conversion.
If the new TPD benefit is attached to the converted policy that has additional risk classifications that are not available under this rider and basic plan (for example, super standard, preferred, or super preferred), the conversion privilege benefit is only available if this rider and basic plan was originally issued on standard terms, without any exclusions or additional premium loadings. The new TPD benefit and converted policy will be issued on standard terms. If the Policyholder wishes to obtain better terms (such as super standard, preferred, or super preferred), the Policyholder must apply and successfully complete the underwriting process required by the Company.
Riders or supplementary contracts may be added to the converted policy according to the prevailing rules at the time of conversion and subject to further medical underwriting.
You are advised to read the policy contract for the detailed terms and conditions.
## When will you not receive the benefits of this rider?
There are certain situations where we will not pay the benefits under this rider. These conditions are stated in the policy contract.
### TPD Benefit
We will not pay the benefit for TPD resulting:
(a) directly or indirectly, wholly or partly, from self-inflicted injury, while sane or insane;
(b) directly or indirectly, wholly or partly, from bodily injury sustained while in or on, or boarding or descending from, an aircraft other than as a:
(i) fare-paying passenger or crew member on an aircraft licensed for passenger service and operated by a commercial airline on a scheduled route;
(ii) passenger who is a member of the armed forces on a military transport aircraft; or
(iii) provider of airport ground handling, aviation catering, aircraft engineering or other aviation-related services while the aircraft is on the ground; or
(c) any pre-existing condition.
You are advised to read the policy contract for the detailed terms and conditions.
## Will we change your premium rates for this rider?
Please note that premium rates for the rider are guaranteed.
[p.2]
## Risks of this rider
### What happens if you surrender the rider early?
If you surrender your rider early, you may lose part or all of the premiums paid. This is because the surrender value, if any, that is payable to you may be zero or less than the total premiums paid.
Buying a new rider may mean we need to reassess the life assured's health and circumstances and may result in higher premiums and/or benefit exclusions due to the age and health status.
### What is the worst case scenario if you surrender your rider early?
There will be no protection under this rider if you surrender your rider early.
As this product has no savings or investment feature, there is no cash value if the rider ends or if the rider is terminated prematurely.
### What happens if you do not pay your premiums on time?
If you do not pay your premiums on time, your rider will lapse (after 30 days grace period). However, reinstatement of the rider is allowed within 6 months from the lapse date and the usual reinstatement conditions apply.
### What happens if your rider lapses?
There will be no protection under the rider if your rider lapses.
### What are the risks that we will refuse your claim?
The claim must meet the terms as shown in the policy contract before we can approve a claim.
We may reject your claim if the life assured has a pre-existing condition and:
* has not declared it in the proposal form as required for a new policy (if applicable); or
* has not declared it in the reinstatement form as required for a reinstatement (if applicable); or
* has not declared it in the application form as required for an increase in the sum assured (if applicable).
You are advised to read the policy contract for the exact definitions, terms and conditions and full list of exclusions.
[p.3]
## When will your rider be terminated?
Your rider will terminate on the earliest of the following dates:
* when the rider lapses;
* when the rider expires;
* when the TPD benefit claim is admitted;
* when the basic plan, to which the rider is attached to, is fully converted to a new basic plan;
* when the policy lapses, is surrendered, or otherwise terminated; or
* when we receive your written request for termination of this rider or the policy.
You are advised to read the policy contract for the detailed terms and conditions.
## 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 Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg or www.sdic.org.sg).
## General information
This product summary is for general information only. It is not a contract of insurance. The precise terms and conditions of this insurance plan are shown in the policy contract.
You are responsible for the accuracy and completeness of the information given to us:
(i) in any application for the policy; and
(ii) when making any claim under the policy.
You can contact your financial representative for details on the procedures for withdrawing, surrendering or making claims under your policy. You may also visit Great Eastern's website for information on how to make a claim.
This document may be translated into Chinese. If there is any difference between the English and Chinese versions, the English version will apply.
[p.4]
---
### https://lifeinsurance.com.sg/api/product/great-eastern/great-wealth-advantage-4/summary.md
# GREAT
Wealth Advantage 4
**Insurer:** Great Eastern (The Great Eastern Life Assurance Company Limited)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/190800011G/PS(EN)_GREAT%20Wealth%20Advantage%204_(SG)_v2.0.pdf
## Source wording
- **Effective from:** (not stated in document)
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/190800011G/PS(EN)_GREAT%20Wealth%20Advantage%204_(SG)_v2.0.pdf
- **PDF sha256:** `97c31141588f51c7e3201c4709cf191cb3beb33e5d33dd9410021d33eba72d2b`
- **Extraction confidence:** verified
## Extracted facts
### claims
```json
{
"source_page": 12
}
```
### riders
```json
[
{
"name": "Cash-paying riders (supplementary benefits)",
"rider_type": "other",
"description": "You may wish to add optional supplementary benefits by attaching cash-paying riders to your plan. These riders provide protection against critical illness of varying stages, accidental events and disability income.",
"source_page": 7,
"available_at_inception": true,
"available_after_inception": true
}
]
```
### free look
```json
{
"period_days": 14,
"source_page": 14,
"refund_basis": "we will refund you the premiums you have paid, less any change in the unit price(s) of the fund(s) and other costs incurred in assessing the risk of the policy including but not limited to medical fees and other expenses, such as payments for medical check-ups and medical reports, incurred by us."
}
```
### exclusions
```json
[
{
"text": "Death benefit: We will not pay the benefit if the life assured: (a) dies due to suicide, while sane or insane; or (b) dies due to any pre-existing condition, within 12 months from the date we issued the policy or from the date of reinstatement (if applicable). Your policy will be terminated.",
"source_page": 9
},
{
"text": "TPD benefit: We will not pay the benefit for: (a) TPD resulting directly or indirectly, wholly or partly, from self-inflicted injury, while sane or insane; (b) TPD resulting directly or indirectly, wholly or partly, from bodily injury sustained while the life assured is in or on, or boarding or descending from, an aircraft other than as a: (i) fare-paying passenger or a crew member on an aircraft licensed for passenger service and operated by a commercial airline on a scheduled route; (ii) passenger who is a member of the armed forces on a military transport aircraft; or (iii) provider of airport ground handling, aviation catering, aircraft engineering or other aviation-related services while the aircraft is on the ground; (c) any pre-existing TPD; or (d) a diagnosis of TPD due to a pre-existing condition within 12 months from the date of issue or date of reinstatement (if applicable) of the policy.",
"source_page": 9
},
{
"text": "Terminal illness benefit: We will not pay the benefit for: (a) terminal illness in the presence of Human Immunodeficiency Virus (HIV) infection; (b) any pre-existing terminal illness; or (c) a diagnosis of terminal illness due to a pre-existing condition within 12 months from the date of issue or date of reinstatement (if applicable) of the policy.",
"source_page": 9
}
]
```
### mwpa trust
```json
{
"available": false
}
```
### cash values
```json
{
"has_cash_value": true,
"non_guaranteed_bonus": {
"available": false
},
"guaranteed_surrender_value": {
"basis": "Account value of the policy less surrender charge (if any). Surrender charge is a percentage of account value depending on policy year and base plan chosen, ranging from 100% in year 1-2 down to 0% from year 11 onwards (Choice 5 and Choice 10) or year 16 onwards (Choice 15).",
"available": true,
"source_page": 9
}
}
```
### policy loan
```json
{
"available": false
}
```
### grace period
```json
{
"days": 30,
"source_page": 14
}
```
### product type
```json
"investment-linked"
```
### underwriting
```json
{
"source_page": 9,
"smoker_loading": true,
"pre_existing_treatment": "Pre-existing conditions are excluded for death benefit, TPD benefit and terminal illness benefit within 12 months from date of issue or date of reinstatement. Single premium top-ups are subject to financial underwriting."
}
```
### policy basics
```json
{
"minimum_sum_assured": {
"amount": "Not explicitly stated; death benefit is the higher of 101% of total basic regular premiums paid plus 101% of total single premium top-ups less 101% of total partial withdrawals, or the account value",
"currency": "SGD",
"source_page": 2
},
"maximum_coverage_age": "whole-of-life"
}
```
### premium terms
```json
{
"cpf_eligible": {
"srs": false,
"special_account": false,
"ordinary_account": false
},
"payment_modes": [
"annual",
"semi-annual",
"quarterly",
"monthly"
],
"minimum_premium": {
"amount": 100,
"currency": "SGD",
"source_page": 4
},
"premium_term_options": [
{
"label": "Regular pay whole-of-life – Choice 5",
"description": "Basic regular premium is payable throughout the term of the policy. Minimum annual premium S$6,000; half-yearly S$3,000; quarterly S$1,500; monthly S$500.",
"source_page": 4
},
{
"label": "Regular pay whole-of-life – Choice 10",
"description": "Basic regular premium is payable throughout the term of the policy. Minimum annual premium S$2,400; half-yearly S$1,200; quarterly S$600; monthly S$200.",
"source_page": 4
},
{
"label": "Regular pay whole-of-life – Choice 15",
"description": "Basic regular premium is payable throughout the term of the policy. Minimum annual premium S$1,200; half-yearly S$600; quarterly S$300; monthly S$100.",
"source_page": 4
}
],
"premium_review_clause": {
"reviewable": false,
"source_page": 10
}
}
```
### reinstatement
```json
{
"conditions": "You may reinstate the policy within 6 months from the lapse date and usual reinstatement conditions apply.",
"source_page": 14,
"window_years": 0.5
}
```
### non forfeiture
```json
{
"paid_up": {
"text": "Not described in the product summary.",
"available": false
},
"source_page": 5,
"extended_term": {
"text": "Not described in the product summary.",
"available": false
},
"automatic_premium_loan": {
"text": "Not described in the product summary. The policy enters premium holiday if basic regular premium due is unpaid after the grace period, and fees and charges continue to be deducted from account value.",
"available": false
}
}
```
### suicide clause
```json
{
"source_page": 9,
"payout_within_period": "We will pay the account value calculated as at the next valuation date following our receipt of notification of the death, less any amounts paid as welcome bonus, loyalty bonus, premium bonus and premium holiday charge refund.",
"exclusion_period_months": 12
}
```
### document metadata
```json
{
"wording_version": "PS Version 2.0 (Errors & Omissions Excepted)",
"product_full_name": "GREAT Wealth Advantage 4",
"insurer_legal_entity": "The Great Eastern Life Assurance Company Limited (Reg No. 1908 00011G)",
"product_summary_pdf_url": "https://www.greateasternlife.com/sg"
}
```
### terminal illness benefit
```json
{
"available": true,
"source_page": 2,
"acceleration_percent": 100,
"qualifying_definition": "an illness that is expected to result in the life assured's death within 12 months. We require this diagnosis to be supported by a registered medical practitioner and when we require, to be confirmed by our appointed medical practitioner."
}
```
---
*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.*
---
### https://lifeinsurance.com.sg/api/product/great-eastern/great-wealth-advantage-4/wording.md
# Product Summary
## GREAT WEALTH ADVANTAGE 4
Please keep this copy for reference.
The Great Eastern Life Assurance Company Limited (Reg No. 1908 00011G)
PS Version 2.0 (Errors & Omissions Excepted)
1 Pickering Street #01-01, Great Eastern Centre, Singapore 048659
Website: www.greateasternlife.com
[p.1]
## About your plan
GREAT Wealth Advantage 4 is a regular premium whole of life investment-linked plan (ILP) designed to meet your wealth accumulation needs, as well as to provide you with financial protection against death, total and permanent disability (TPD) and terminal illness. It also gives you the flexibility to choose from 3 different plan types (Choice 5, Choice 10 or Choice 15).
This plan also gives you access to professionally managed ILP sub-funds ("funds"). The premiums you pay will be used to create units in the funds and the value of the policy will vary directly with the performance of the funds.
Please note that this product is an unlisted Specified Investment Product.
## The provider of your plan
GREAT Wealth Advantage 4 is provided by The Great Eastern Life Assurance Company Limited, at 1 Pickering Street, #01-01, Great Eastern Centre, Singapore 048659.
The Great Eastern Life Assurance Company Limited is a wholly owned subsidiary of Great Eastern Holdings Limited and a member of the OCBC Group.
[p.2]
## Benefits
### Death benefit
We will pay the following in one lump sum, if the life assured dies:
(a) 101% of the total basic regular premiums paid plus 101% of the total single premium top-ups paid (if any), less 101% of the total amount of any partial withdrawals made (including partial withdrawal charges (if any)); or
(b) the account value of the policy,
whichever is higher, less any debt owed under the policy.
Account value refers to the total value of all the units in all the fund(s) which you have selected and is calculated based on the unit prices of the relevant fund(s) on the relevant valuation date.
### Total and permanent disability (TPD) benefit
We will pay the death benefit in one lump sum, if the life assured suffers from TPD.
| Life assured suffers from a state of incapacity which is total and permanent, and which | Applicable period |
|---|---|
| **If life assured is more than 15 years old** | |
| (a) is such that the life assured is not able to perform any work, occupation or profession which enables the life assured to earn or obtain any wage, remuneration or profit; or | This occurs before the policy anniversary on which the life assured is age 65 next birthday. |
| (b) takes the form of total and irrecoverable loss of:
(i) the sight in both eyes;
(ii) the use of 2 limbs at or above the wrist or ankle; or
(iii) the sight in 1 eye and the use of 1 limb at or above the wrist or ankle. | This applies for the whole of the term of the policy. |
| **If life assured is 15 years old or less** | |
| (a) is such that the life assured is confined to a home, hospital or other institution requiring constant care and medical attention for at least 6 consecutive months; or | This occurs before the life assured turns 16 years old. |
| (b) takes the form of total and irrecoverable loss of:
(i) the sight in both eyes;
(ii) the use of 2 limbs at or above the wrist or ankle; or
(iii) the sight in 1 eye and the use of 1 limb at or above the wrist or ankle. | This applies for the whole of the term of the policy. |
TPD must, in the opinion of a registered medical practitioner, be deemed to be total and permanent.
The most we will pay in benefit for TPD for all policies and riders we have issued for each life assured is S$5,000,000.
#### Continuation Event
Upon the admission of the claim for TPD benefit, if one or more Additional CI Rider(s)¹ attached to the policy is/are in force, the policy and its rider(s) will not be terminated ("Continuation Event"). However, if the rider stipulates the termination of that rider in the event of the admission of a claim for the TPD benefit under the policy, the rider will be terminated.
Following the Continuation Event:
(a) the basic regular premiums for the base plan, GREAT Wealth Advantage 4, will no longer be payable;
(b) the fees and charges for the base plan will no longer be payable;
(c) any premiums for all attaching riders will still be payable while the policy remains in force, unless payment has been waived in accordance with the terms of a premium waiver rider; and
(d) the account value will be zero and no further claim for benefits may be made under the base plan.
¹ "Additional CI Rider" refers to a rider attached to the policy whereby the payment of benefit for critical illness under such rider will not reduce or affect the amount of the benefits payable under the base plan, GREAT Wealth Advantage 4.
### Terminal illness benefit
We will pay the death benefit in one lump sum on a conclusive diagnosis of an illness that is expected to result in the life assured's death within 12 months.
We require this diagnosis to be supported by a registered medical practitioner and when we require, to be confirmed by our appointed medical practitioner.
### Welcome bonus
Upon the receipt of each payment of the basic regular premium payable for the first policy year, we will pay a welcome bonus as set out below depending on the base plan you choose.
| Where the Annual Premium² for the 1st policy year is | Percentage of each payment of basic regular premium for the 1st policy year to be paid as Welcome Bonus |||||
|---|---|---|---|---|---|
| | GREAT Wealth Advantage 4 – Choice 5 | GREAT Wealth Advantage 4 – Choice 10 | GREAT Wealth Advantage 4 – Choice 15 |
| S$1,200 to S$2,399.99 | Not Applicable | Not Applicable | 7.5% |
| S$2,400 to S$3,599.99 | Not Applicable | 5% | 15% |
| S$3,600 to S$5,999.99 | Not Applicable | 10% | 25% |
| S$6,000 to S$11,999.99 | 15% | 20% | 30% |
| S$12,000 and above | 30% | 40% | 55% |
² "Annual Premium" refers to the total amount of basic regular premium(s) payable by the policyholder for a policy year based on annual premium frequency.
The welcome bonus will be added to the account value of the policy in the form of extra units. It will be apportioned to create and grant units in the fund(s) selected by you based on your latest premium apportionment instructions. The number of units created and granted will be determined by reference to the unit price(s) available as at the next valuation date following our receipt of each payment of the basic regular premium for the first policy year.
We will stop paying any welcome bonus if the policy is on premium holiday. We will resume paying the welcome bonus when you resume payment of the basic regular premium payable for the first policy year.
### Premium bonus
We will pay a premium bonus equivalent to 2.0% of each payment of the basic regular premium in respect of the policy years stipulated below depending on the base plan that you have chosen, upon our receipt of such premium paid, provided that:
(a) all basic regular premium payable have been paid up to date; and
(b) there have been no partial withdrawal(s) of the account value within the 12 months prior to the date on which the premium bonus would be payable.
| Base Plan | Premium bonus payable from the start of the |
|---|---|
| GREAT Wealth Advantage 4 – Choice 5 | 6th policy year |
| GREAT Wealth Advantage 4 – Choice 10 | 11th policy year |
| GREAT Wealth Advantage 4 – Choice 15 | 16th policy year |
The premium bonus will be added to the account value of the policy in the form of extra units. It will be apportioned to create and grant units in the fund(s) selected by you based on your latest premium apportionment instructions. The number of units created and granted will be determined by reference to the unit price(s) available as at the next valuation date following our receipt of each payment of the basic regular premium.
Payment of the premium bonus will cease if one or both of the conditions stated above in points (a) and (b) are not satisfied. Payment of the premium bonus will resume when both conditions are satisfied. Premium bonus will not be payable for basic regular premium falling due during a premium holiday even when such basic regular premium is subsequently paid.
[p.3]
### Loyalty bonus
We will pay a loyalty bonus equivalent to 0.30% of the account value as at the end of each policy year annually from the end of the policy year ("Loyalty Bonus Determination Date") stipulated below depending on the base plan that you have chosen, provided there are no partial withdrawal(s) of the account value during that policy year for which the loyalty bonus is being paid for.
| Base Plan | Loyalty bonus to be paid annually from the end of the |
|---|---|
| GREAT Wealth Advantage 4 – Choice 5 | 10th policy year |
| GREAT Wealth Advantage 4 – Choice 10 | 10th policy year |
| GREAT Wealth Advantage 4 – Choice 15 | 15th policy year |
The loyalty bonus will be added to the account value of the policy in the form of extra units. It will be apportioned according to the proportion of the value of each fund which you have selected for your policy to the account value of your policy on the Loyalty Bonus Determination Date, to create and grant units in those fund(s). The number of units created and granted will be determined by reference to the unit price(s) available as at the Loyalty Bonus Determination Date for that policy year.
If the Loyalty Bonus Determination Date for a particular policy year is not a valuation date, the account value and the unit price(s) will be determined as at the next valuation date following the Loyalty Bonus Determination Date.
## Premiums
### Premium frequency
Basic regular premium is payable throughout the term of the policy. You can choose to pay the basic regular premium on a monthly, quarterly, half-yearly or yearly basis, subject to the following minimum amounts.
| Premium frequency | Minimum basic regular premium |||||
|---|---|---|---|---|---|
| | GREAT Wealth Advantage 4 – Choice 5 | GREAT Wealth Advantage 4 – Choice 10 | GREAT Wealth Advantage 4 – Choice 15 |
| Annually | S$6,000 | S$2,400 | S$1,200 |
| Half-yearly | S$3,000 | S$1,200 | S$600 |
| Quarterly | S$1,500 | S$600 | S$300 |
| Monthly | S$500 | S$200 | S$100 |
Any premiums for cash-paying rider(s) are to be paid in addition to the basic regular premiums following the same premium frequency as the base plan. No partial payments are accepted.
### Premium charge
There is no premium charge deducted from the basic regular premium paid.
100% of the basic regular premium you have paid will be apportioned to create and grant units in the fund(s) which you have chosen.
[p.4]
granted will be determined by reference to the unit price(s) available as at the next valuation date following our receipt of each payment of the basic regular premium.
Payment of the premium bonus will cease if one or both of the conditions stated above in points (a) and (b) are not satisfied. Payment of the premium bonus will resume when both conditions are satisfied. Premium bonus will not be payable for basic regular premium falling due during a premium holiday even when such basic regular premium is subsequently paid.
### Loyalty bonus
We will pay a loyalty bonus equivalent to 0.30% of the account value as at the end of each policy year annually from the end of the policy year ("Loyalty Bonus Determination Date") stipulated below depending on the base plan that you have chosen, provided there are no partial withdrawal(s) of the account value during that policy year for which the loyalty bonus is being paid for.
| Base Plan | Loyalty bonus to be paid annually from the end of the |
|---|---|
| GREAT Wealth Advantage 4 – Choice 5 | 10th policy year |
| GREAT Wealth Advantage 4 – Choice 10 | 10th policy year |
| GREAT Wealth Advantage 4 – Choice 15 | 15th policy year |
The loyalty bonus will be added to the account value of the policy in the form of extra units. It will be apportioned according to the proportion of the value of each fund which you have selected for your policy to the account value of your policy on the Loyalty Bonus Determination Date, to create and grant units in those fund(s). The number of units created and granted will be determined by reference to the unit price(s) available as at the Loyalty Bonus Determination Date for that policy year.
If the Loyalty Bonus Determination Date for a particular policy year is not a valuation date, the account value and the unit price(s) will be determined as at the next valuation date following the Loyalty Bonus Determination Date.
## Premiums
### Premium frequency
Basic regular premium is payable throughout the term of the policy. You can choose to pay the basic regular premium on a monthly, quarterly, half-yearly or yearly basis, subject to the following minimum amounts.
| Premium frequency | Minimum basic regular premium |||||
|---|---|---|---|---|---|
| | GREAT Wealth Advantage 4 – Choice 5 | GREAT Wealth Advantage 4 – Choice 10 | GREAT Wealth Advantage 4 – Choice 15 |
| Annually | S$6,000 | S$2,400 | S$1,200 |
| Half-yearly | S$3,000 | S$1,200 | S$600 |
| Quarterly | S$1,500 | S$600 | S$300 |
| Monthly | S$500 | S$200 | S$100 |
Any premiums for cash-paying rider(s) are to be paid in addition to the basic regular premiums following the same premium frequency as the base plan. No partial payments are accepted.
### Premium charge
There is no premium charge deducted from the basic regular premium paid.
100% of the basic regular premium you have paid will be apportioned to create and grant units in the fund(s) which you have chosen.
## Flexible options
### Premium holiday and premium holiday charge
The policy will be regarded to be on premium holiday if the basic regular premium due is unpaid after the grace period.
When the policy is on premium holiday, the policy will continue to be in force and we will continue to deduct any fees and charges relating to the policy and premiums in arrears for any cash-paying riders from the account value by cancelling units of an equivalent value. Any deduction of premiums for cash-paying riders from the account value will be subject to partial withdrawal charges (if any).
Please refer to the section below on partial withdrawal charge for more details.
When the policy is on premium holiday, we will deduct a premium holiday charge monthly from the account value by cancelling units to the value equivalent to the premium holiday charge for the relevant policy year. The number of units to be cancelled will be in proportion to the value of each fund which you have selected for your policy following the date on which the premium holiday charge is due each policy month. These units will be valued at the unit price(s) of the respective funds available on the next valuation date following the date on which the premium holiday charge is due for each policy month.
The premium holiday charge is determined by multiplying the percentage which corresponds to the policy year in which the premium holiday is in effect with the Annualised Premium³ and dividing the resulting value by 12. The percentages are shown in the table below.
| Policy year during which the premium holiday is in effect | Percentage of Annualised Premium³ for computing premium holiday charge |||||
|---|---|---|---|---|---|
| | GREAT Wealth Advantage 4 – Choice 5 | GREAT Wealth Advantage 4 – Choice 10 | GREAT Wealth Advantage 4 – Choice 15 |
| 1 | 100% | 100% | 100% |
| 2 | 100% | 100% | 100% |
| 3 | 75% | 75% | 80% |
| 4 | 60% | 75% | 80% |
| 5 | 45% | 75% | 80% |
| 6 | 0% | 50% | 60% |
| 7 | 0% | 50% | 60% |
| 8 | 0% | 50% | 60% |
| 9 | 0% | 25% | 50% |
| 10 | 0% | 25% | 50% |
| 11 | 0% | 0% | 40% |
| 12 | 0% | 0% | 40% |
| 13 | 0% | 0% | 40% |
| 14 | 0% | 0% | 20% |
| 15 | 0% | 0% | 20% |
| 16 onwards | 0% | 0% | 0% |
³ "Annualised Premium" refers to the total amount of basic regular premium(s) payable by the policyholder for a policy year based on the prevailing premium frequency.
The policy will continue to be in force as long as the account value of the policy is positive. If the account value is insufficient for the deduction of the fees and charges relating to the policy and/or premiums in arrears for any cash-paying rider(s), we will deduct the remaining amount in the account value and the policy and its rider(s) will lapse. Any outstanding amounts not deducted from the account value will be considered as debts owed to us.
[p.5]
The premium holiday ends when we receive payment of any basic regular premiums, or when the policy lapses or terminates, whichever is earlier.
We may change the premium holiday charge by notifying you 1 month prior to the change.
You are advised to read the policy contract for all the conditions.
### Premium holiday charge refund
We will refund the premium holiday charge paid (if any) for GREAT Wealth Advantage 4 – Choice 10 and GREAT Wealth Advantage 4 – Choice 15, subject to the following conditions:
(a) you submit an application to us on such form prescribed by us for a refund of the premium holiday charge paid and we accept such application (acceptance is at our absolute discretion);
(b) there have been no other applications accepted by us during the term of the policy for the refund of any premium holiday charge paid;
(c) the refund applied for does not relate to any premium holiday charge paid for any period of premium holiday occurring within the first 5 policy years;
(d) we will only refund any premium holiday charge(s) paid within 6 months preceding the date of your application;
(e) there have been no partial withdrawal(s) of the account value of the policy within 12 months preceding the date of your application; and
(f) all basic regular premium has been paid up to date as at the date of your application.
The refund of the premium holiday charge would be paid on such date as we determine ("Premium Holiday Charge Refund Date").
The refund will be made in the form of extra units added to the account value of the policy. It will be apportioned to create and grant units in the fund(s) selected by you based on your latest premium apportionment instructions. The number of units created and granted will be determined by reference to the unit price(s) available as at the next valuation date following the Premium Holiday Charge Refund Date.
You are advised to read the policy contract for all the conditions.
### Varying the basic regular premium
You may reduce the amount of basic regular premium subject to such terms and conditions as we may impose (including but not limited to, the reduction in the amount of basic regular premium having to satisfy certain limits on amounts). You may reduce the amount of basic regular premium payable from the respective policy anniversary as stipulated below depending on the base plan that you have chosen.
| Base Plan | Basic regular premium may be reduced from |
|---|---|
| GREAT Wealth Advantage 4 – Choice 5 | 5th policy anniversary |
| GREAT Wealth Advantage 4 – Choice 10 | 10th policy anniversary |
| GREAT Wealth Advantage 4 – Choice 15 | 15th policy anniversary |
Any reduction of the basic regular premium shall take effect from the next due date of payment of the basic regular premium.
Increase of the amount of basic regular premium is not allowed.
### Single premium top-ups
You can make single premium top-ups to your policy provided that:
(a) the single premium top-up is made after the inception of your policy; and
(b) all basic regular premium and premium for all cash-paying riders (if any) falling due have been paid up to date.
You will not be able to make any single-premium top-ups if the policy is on premium holiday.
The minimum amount of each single premium top-up is S$1,000 and the value of units apportioned to each fund you have selected, must be at least S$200. The maximum amount of each single premium top-up should not exceed the maximum amount which is stipulated by us from time to time, and is subject to financial underwriting.
A premium charge of 3.0% will be deducted from each single premium top-up paid and the remaining amount will be apportioned to create and grant units in the fund(s) selected
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based on your instructions as to premium apportionment in respect of that single premium top-up.
We reserve the right not to accept the payment of the single premium top-up, to perform financial underwriting before our acceptance of the payment of the single premium top-up and to impose such other terms and conditions as we deem fit.
### Changing premium apportionment
As your preference for risk and returns may change over time, you may change the premium apportionment used to create and grant units in the available fund(s) at any time at no charge. After the request is accepted by us, all future automatic fund rebalancing, payment of basic regular premium after deduction of premium charge (if any) and each payment of welcome bonus, premium bonus and/or premium holiday charge refund (as the case may be) will be apportioned to create and grant units in the fund(s) in accordance with the new premium apportionment.
### Change of life assured
You may request for a change in the life assured at any time from the second policy year onwards while the policy is in force.
Any change of the life assured is subject to the following terms and conditions:
(a) acceptance of the new life assured will be subject to our acceptance and the insurability of the proposed new life assured, both of which we may determine in our absolute discretion;
(b) the policy must have been in force for at least 1 year from the date of commencement; and
(c) premiums for the policy are not being waived pursuant to a premium waiver benefit covering the life assured.
Upon our acceptance of the change of the life assured:
(a) the date of commencement of the policy (as defined in the policy), and the schedule of fees and charges of the policy will not change;
(b) any riders (except payer benefit rider) attached to the policy shall also be terminated from the date of such acceptance; and
(c) all references to the date of issue of the policy in the provisions in the policy contract relating to the exclusions for the death benefit, TPD benefit and terminal illness benefit will thereafter be taken to refer to the date on which we accepted the change of the life assured.
A maximum of 2 changes of the life assured are allowed while the policy is in force.
You are advised to read the policy contract for all the conditions.
### Fund switching
You can request to switch all or any of the units of one fund to another fund offered under the policy.
The value of units being switched from one fund to another (and further in the case of a partial switch of the units of one fund to units of another fund, the value of the remaining units in the fund after the switch) must be at least S$500 or such minimum amount as we may stipulate from time to time.
There is presently no charge for fund switching but we may at our discretion impose a fee for fund switch by giving you at least 1 month's notice.
### Automatic fund rebalancing (AFR)
You can opt to have your units in the various fund(s) automatically rebalanced at every policy anniversary to conform to your last-instructed premium apportionment, subject to various terms and conditions. We will notify you at least 1 month prior to performing the AFR.
We will only perform the AFR if the prevailing proportion of fund value of any one fund has deviated at least 5% from the last-instructed premium apportionment and the value of the deviation is at least S$50.
We will suspend the AFR if at any time:
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• you have made a single premium top-up which is accepted by us;
• you have requested a fund switch which is effected by us; and/or
• you have made a partial withdrawal of the account value.
If AFR has been suspended and you wish to re-activate this feature, you need to submit a request for the AFR to be performed at the next policy anniversary following such request, and also provide specific instruction as to whether the AFR should be performed according to your last-instructed premium apportionment or a new premium apportionment to be instructed.
### Add supplementary benefits according to your need(s)
You may wish to add optional supplementary benefits by attaching cash-paying riders to your plan. These riders provide protection against critical illness of varying stages, accidental events and disability income.
Please consult your financial representative for more information on the supplementary benefits available.
### Partial withdrawal and partial withdrawal charge
You may make a partial withdrawal from the account value of the policy at any time by requesting to cancel some of the units in the fund(s) you have or specifying an amount you wish to withdraw, provided the account value of the policy is positive. We may deduct a partial withdrawal charge from the amount to be withdrawn depending on the policy year during which the partial withdrawal occurs and the base plan which you have chosen. The partial withdrawal charge is equal to the amount to be withdrawn multiplied by the percentage which corresponds to the policy year in which you make the partial withdrawal from the account value. The percentages are shown in the table below.
| Policy year during which the partial withdrawal occurs | Percentage of amount to be withdrawn from the account value for computing partial withdrawal charge |||||
|---|---|---|---|---|---|
| | GREAT Wealth Advantage 4 – Choice 5 | GREAT Wealth Advantage 4 – Choice 10 | GREAT Wealth Advantage 4 – Choice 15 |
| 1 | 100% | 100% | 100% |
| 2 | 100% | 100% | 100% |
| 3 | 75% | 75% | 80% |
| 4 | 60% | 60% | 60% |
| 5 | 50% | 50% | 50% |
| 6 | 45% | 45% | 50% |
| 7 | 40% | 40% | 45% |
| 8 | 20% | 20% | 30% |
| 9 | 15% | 15% | 25% |
| 10 | 5% | 5% | 15% |
| 11 | 0% | 0% | 10% |
| 12 | 0% | 0% | 8% |
| 13 | 0% | 0% | 8% |
| 14 | 0% | 0% | 7% |
| 15 | 0% | 0% | 7% |
| 16 onwards | 0% | 0% | 0% |
If you withdraw some of your units in the funds, the minimum value of units withdrawn and the value of remaining units in the fund after the withdrawal must be at least S$500, or such minimum amount as we may stipulate from time to time; and the remaining account value of your policy must be at least S$5,000, or such minimum amount as we may stipulate from time to time.
Any deductions from the account value for premiums of cash-paying rider(s) together with the partial withdrawal charges (if any) payable will be considered to be a partial withdrawal for the purposes of calculating the total partial withdrawals for the death benefit and net
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sum assured or assessing eligibility for premium holiday charge refund, loyalty bonus, premium bonus and/or Automatic Fund Rebalancing.
We may change the partial withdrawal charge by notifying you at least 1 month prior to changing the partial withdrawal charge.
### Surrender and surrender charge
You may surrender your policy for its account value at any time if the account value of the policy is positive. We will pay you an amount equal to the value of the cancelled units at the unit prices of the respective fund(s) on the next valuation date after we receive your request, less a surrender charge (if any) payable. The surrender charge is equal to the account value of your policy at the point of surrender multiplied by the percentage which corresponds to the policy year in which you surrender the policy. The percentages are shown in the table below.
| Policy year during which the surrender occurs | Percentage of account value for computing surrender charge |||||
|---|---|---|---|---|---|
| | GREAT Wealth Advantage 4 – Choice 5 | GREAT Wealth Advantage 4 – Choice 10 | GREAT Wealth Advantage 4 – Choice 15 |
| 1 | 100% | 100% | 100% |
| 2 | 100% | 100% | 100% |
| 3 | 75% | 75% | 80% |
| 4 | 60% | 60% | 60% |
| 5 | 50% | 50% | 50% |
| 6 | 45% | 45% | 50% |
| 7 | 40% | 40% | 45% |
| 8 | 20% | 20% | 30% |
| 9 | 15% | 15% | 25% |
| 10 | 5% | 5% | 15% |
| 11 | 0% | 0% | 10% |
| 12 | 0% | 0% | 8% |
| 13 | 0% | 0% | 8% |
| 14 | 0% | 0% | 7% |
| 15 | 0% | 0% | 7% |
| 16 onwards | 0% | 0% | 0% |
We may change the surrender charge by notifying you at least 1 month prior to changing the surrender charge.
### What is the effect of early surrender?
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.
Please see the table of deductions in the policy illustration for the possible cost of surrendering the plan early.
### When will you not receive the benefits of this plan?
#### Exclusions
There are certain conditions whereby the benefits under the policy will not be payable. These conditions are stated in the policy contract.
#### Death benefit
We will not pay the benefit if the life assured:
(a) dies due to suicide, while sane or insane; or
(b) dies due to any pre-existing condition,
within 12 months from the date we issued the policy or from the date of reinstatement (if applicable). Your policy will be terminated.
[p.9]
We will pay the account value calculated as at the next valuation date following our receipt of notification of the death, less any amounts paid as welcome bonus, loyalty bonus, premium bonus and premium holiday charge refund.
#### TPD benefit
We will not pay the benefit for:
(a) TPD resulting directly or indirectly, wholly or partly, from self-inflicted injury, while sane or insane;
(b) TPD resulting directly or indirectly, wholly or partly, from bodily injury sustained while the life assured is in or on, or boarding or descending from, an aircraft other than as a:
(i) fare-paying passenger or a crew member on an aircraft licensed for passenger service and operated by a commercial airline on a scheduled route;
(ii) passenger who is a member of the armed forces on a military transport aircraft; or
(iii) provider of airport ground handling, aviation catering, aircraft engineering or other aviation-related services while the aircraft is on the ground;
(c) any pre-existing TPD; or
(d) a diagnosis of TPD due to a pre-existing condition within 12 months from the date of issue or date of reinstatement (if applicable) of the policy.
#### Terminal illness benefit
We will not pay the benefit for:
(a) terminal illness in the presence of Human Immunodeficiency Virus (HIV) infection;
(b) any pre-existing terminal illness; or
(c) a diagnosis of terminal illness due to a pre-existing condition within 12 months from the date of issue or date of reinstatement (if applicable) of the policy.
You are advised to read the policy contract for all the conditions.
## Fees and charges
### Policy fee
We will deduct a policy fee equivalent to a percentage of the account value monthly from the start of the policy by cancelling units to the value equivalent to the policy fee. The number of units to be cancelled will be in proportion to the fund value of each fund following the date on which the policy fee is due for each policy month. The units will be valued at the unit prices of the respective funds available on the next valuation date following the date on which the policy fee is due for each policy month.
The policy fee is determined by multiplying the percentage which corresponds to the policy year for which the policy fee is payable with the account value of the policy as at the start of the relevant policy month and dividing the resulting value by 12. The percentages are shown in the table below.
| Policy year | Policy fee (percentage of account value per annum) |||||
|---|---|---|---|---|---|
| | GREAT Wealth Advantage 4 – Choice 5 | GREAT Wealth Advantage 4 – Choice 10 | GREAT Wealth Advantage 4 – Choice 15 |
| 1 to 10 | 2.50% | 2.50% | 1.50% |
| 11 to 15 | 0.70% | 0.70% | 1.50% |
| 16 onwards | 0.70% | 0.70% | 0.70% |
For GREAT Wealth Advantage 4 – Choice 10 and GREAT Wealth Advantage 4 – Choice 15, an additional fixed monthly policy fee of S$5.00 will be payable as part of the policy fee for a policy with prevailing Annualised Premium³ of less than S$6,000. The prevailing Annualised Premium³ will be computed as of the date when the policy fee falls due for each policy month.
[p.10]
We may change the policy fee by notifying you at least 1 month prior to changing the policy fee.
### Insurance charge
We will deduct a monthly insurance charge based on the net sum assured of the policy from the start of the policy, by cancelling units to the value equivalent to the insurance charge. The number of units to be cancelled will be in proportion to the fund value of each fund following the date on which the insurance charge is due for each policy month. The units will be valued at the unit prices of the respective funds available on the next valuation date following the date on which the insurance charge is due for each policy month.
Net sum assured refers to the amount by which the sum of 101% of the total basic regular premium(s) paid, and 101% of the total single premium top-up(s) (if any), less 101% of the total amount of partial withdrawal(s) (if any) (including any partial withdrawal charges), exceeds the account value of the policy.
The insurance charge is determined by multiplying the net sum assured at the start of the policy month by the applicable insurance charge rate per annum and dividing the resulting value by 12,000.
The rate of insurance charge per annum is guaranteed and will not be subject to change during the term of the policy.
Please refer to the Appendix for the rates of insurance charge which are applicable.
## Funds
### Available funds
You can choose to invest in one or more of the GreatLink funds. For the full list of funds available for your policy, you can refer to our website at:
https://www.greateasternlife.com/sg.
Details of each fund can be found in their respective fund documents, which will explain the risk that is specific to each fund. The following documents are also made available for you to better understand each fund:
• Prospectus/Fund Details/Fund Summary (where applicable);
• Product Highlights Sheet ("PHS");
• Provider's Factsheet;
• Semi-annual and Annual Reports; and
• Performance charts.
Please note that every fund or combination of funds has its own investment objectives, horizon, liquidity, and level of risk. You are advised to select fund(s) that match your risk profile, needs and preferences.
All funds are audited by PricewaterhouseCoopers certified public accountants.
### Obtaining fund prices
The unit prices are available on our website. We may from time to time change our website address without any reference to you. We may also make the unit prices available in any other way we choose from time to time. All published and quoted prices do not represent the actual unit prices on the date of publication or quotation as the unit price of each fund is priced on a forward-pricing basis.
### Fees and charges for the funds
We will deduct a fund management charge and custodian fee from the fund value at each asset valuation, before the determination of the unit prices. These charges are a percentage per year of the value of each fund.
Please refer to the Fund Details/Fund Summary and PHS (provided separately by your financial representative) for the fund(s) selected. The Fund Details/Fund Summary and PHS can also be downloaded from our website.
We may change these charges and fees from time to time, but they will not be more than the maximum amounts indicated, if any.
[p.11]
We may change the policy fee by notifying you at least 1 month prior to changing the policy fee.
### Semi-annual and annual reports
You will receive a statement of your policy at least once a year.
The financial year-end is on 31 December every year. The Semi-annual and Annual Reports will be made available to you within 2 and 3 months from the last date of the period to which the report relates respectively. The latest Semi-annual and Annual Reports will be made available on our website.
## Fund transactions
### Creation/cancellation of units in funds
All fund transactions in your policy will be done via creation and cancellation of units in your funds, based on the respective unit price of the funds selected by you.
#### (a) Pricing of units
Pricing of units is done on a forward-pricing basis and single-pricing basis.
##### Forward-pricing basis
The unit price on each dealing day, i.e. it refers to a business day or such other day as we may decide from time to time, will be based on the net asset value calculated by the relevant fund manager as at the next valuation date for that fund. This means that we cannot know beforehand the unit prices at which instructions will be carried out.
##### Single-pricing basis, which is also referred to as bid-bid basis
The price at which units are created and the price at which the units are cancelled are based on the bid price.
#### (b) Dealing deadline
The dealing deadline is 12 noon Singapore time on each dealing day or any other time we decide by giving you at least 1 month's notice. For us to process your instruction on the same dealing day, we must receive your instructions by the dealing deadline. If we receive your instructions after the dealing deadline, your instructions will be deemed to have been received by us on the next dealing day.
As the unit prices of policy units of the funds may be in currencies other than the Singapore dollar, we will convert the unit prices of these funds into Singapore dollars, at an exchange rate which we will decide, before buying or selling the policy units.
#### (c) Creation of units
We will create and grant to you, the number of units in each fund of your choice, based on the relevant bid price at the next valuation date.
Numerical example of how units are created after the deduction of the premium charge:
| Basic regular premium ("BRP") | = S$1,000 |
|---|---|
| Premium charge | = 0% |
| Notional bid price | = S$1.000 |
| Number of new units created | = BRP x (100% - Premium charge) / Bid price |
| | = S$1,000 / S$1.000 |
| | = 1,000 units |
Above example is for illustrative purpose and does not denote the minimum premium allowed.
#### (d) Cancellation of units
You may cancel some or all units in the fund(s) that you have at any time i.e. partial withdrawal or surrender.
We will cancel the number of units in each fund of your choice, based on the relevant bid price at the next valuation date.
[p.12]
Numerical example of how withdrawal proceeds are calculated:
| Withdrawal amount | = 1,000 units |
|---|---|
| Notional bid price | = S$1.00 |
| Amount of units withdrawn * | = Units to be withdrawn x Bid price |
| | = 1,000 x S$1.00 |
| | = S$1,000 |
*In the event of a partial withdrawal of the account value or surrender of your policy, you will receive the balance amount of the account value after deducting any partial withdrawal charge or surrender charge where applicable.
#### (e) Payment of proceeds
Upon the receipt and acceptance of your cancellation request, the proceeds shall be paid out to you within 4 business days (or such other period as may be allowed by the Monetary Authority of Singapore) in the case of a fund which is a bond fund or money market fund, and 6 business days (or such other period as may be allowed by the Monetary Authority of Singapore) in the case of a fund which is not a bond fund or money market fund, unless dealings have been suspended as specified in the section "Suspension of dealings" below.
#### (f) Payment of dividends
You have the choice to invest in any dividend paying fund(s) that provides you with regular payment of dividends. The rate, frequency and method of dividend distribution of the funds(s) is determined by the underlying fund's manager and us.
When we declare dividends payable for the units under the underlying fund, the value of dividends payable will be based on the number of units held by the policyholder in that fund on the business day decided by us and which shall be in accordance with applicable law.
If the fund provides for payment of dividends, we will pay the dividends within three (3) months from the date of the declaration of the dividends.
If the fund provides for re-investment of dividends, dividends will be paid in the form of re-investment of the amount of dividends in that fund.
If the fund provides for the accumulation of dividends, we will reflect the accumulated dividends in the fund value.
### Suspension of dealings
We may suspend cancellation or creation of units in a fund if it is necessary under any of the following circumstances:
(a) any period when any stock exchange, on which any assets forming part of the funds for the time being are listed or dealt in is closed (otherwise than for non-business days) or during which dealings are restricted or suspended;
(b) the existence of any state of affairs which, in our opinion, might seriously prejudice the interests of the policyholders holding similar policies as a whole or of any of the funds;
(c) any breakdown in the means of communication normally employed in determining the price of a unit of any of such funds or when for any reason the prices of any of such units in any fund cannot be promptly and accurately ascertained;
(d) any period when remittance of money which will or may be involved in the realisation of such funds or in the payment for such funds cannot, in our opinion, be carried out at normal rates of exchange;
(e) any period when dealing of units in any or all of the funds is suspended pursuant to any order or direction of the Monetary Authority of Singapore; or
(f) any period when our business operations in relation to the operation of the funds are substantially interrupted or closed as a result of or arising from any circumstances beyond our control, including but not limited to, an act of God, fire, flood, earthquake, typhoon or other natural disaster, pestilence, war, invasion, act of foreign enemy, hostilities (whether war be declared or not), terrorism, insurrection, revolution, civil unrest, riot, strike, labour dispute, nationalisation, sanction, embargo, epidemic,
[p.13]
pandemic, quarantine, directive of government or regulatory authority, or interruption or failure of utility service (including but not limited to, electric power, gas, water, broadband or telecommunication service).
## Risk of this plan
### What can you expect of the performance of the funds?
The performance of the funds is not guaranteed. The value of the units in the funds and the income accruing to the units, if any, fluctuates according to market conditions. This will affect the account value which is not guaranteed. Past performance is not an indicator of future performance.
For dividend paying fund(s) that provides you with regular payment of dividends, the payment of dividends may reduce the net asset value of the fund which is used to calculate the fund value and the benefits payable under your policy.
Please refer to Fund Details/Fund Summary and PHS (provided separately by your financial representative) for the specific risks of the fund(s) you have chosen. The Fund Details/Fund Summary and PHS can also be downloaded from our website.
### What happens if you surrender the policy early?
If you surrender your policy after the free-look period, you may lose part or all of the premiums paid. This is because the surrender value, if any, that is payable to you may be zero or less than the total premiums paid.
Buying a new policy may mean we need to reassess the life assured's health and circumstances and may result in higher premiums and/or benefit exclusions due to the age and health status.
### What is the worst case scenario if you surrender your policy early?
There will be no protection if you surrender your policy early.
The illustrated amount you will receive is reflected in the surrender value column in the policy illustration. The amount you will receive will depend on the value of all the funds selected by you based on the respective unit prices at the next valuation date, and this may be lower than your premiums paid.
### What happens if you do not pay your premiums on time?
If you do not pay your premiums on time, your policy may lapse (after 30 days grace period) depending on the account value. If the policy has enough account value, your policy will be on premium holiday, and fees and charges and premiums for any cash-paying riders due will continue to be deducted from the account value.
If the account value is insufficient, the policy lapses. You may reinstate the policy within 6 months from the lapse date and usual reinstatement conditions apply.
### What happens if your policy lapses?
There will be no protection if your policy lapses.
### What are the risks that we will refuse your claim?
The claim must meet the definitions of the events as shown in the contract before we can approve a claim and these events must not fall under the list of exclusions.
There are certain conditions whereby the benefits under the policy will not be payable. These conditions are stated in the policy contract.
You are advised to read the policy contract for the exact definitions, terms and conditions, and full list of exclusions.
### When will your policy be terminated?
Your policy and all the riders (if any) which are in force will terminate when any of the following occurs:
(a) the date of death of the life assured;
(b) when the life assured suffers from TPD or is diagnosed with terminal illness and such claim is admitted;
(c) in the event of cancellation of the policy in exercise of your right of free-look;
[p.14]
(d) you surrender your policy; or
(e) all the funds available for the policy are closed.
However, where a Continuation Event has occurred:
(i) your policy and all the riders (if any) will not be terminated and will continue to be in force; and
(ii) the termination or lapsation of all of the Additional CI Riders¹ in accordance with the terms and conditions of such Additional CI Riders¹ will be considered as an event which will terminate your policy and all riders which are in force, in addition to those stated in (a) to (e) above.
### What is the free-look period?
After purchasing a life insurance policy, you have a 14-day free-look period starting from the day you receive your policy documents to review the documents carefully. During this time, if you choose to cancel your policy, we will refund you the premiums you have paid, less any change in the unit price(s) of the fund(s) and other costs incurred in assessing the risk of the policy including but not limited to medical fees and other expenses, such as payments for medical check-ups and medical reports, incurred by us.
If your policy document is sent by post, we will assume it has been delivered and received 7 days after the date of posting.
### 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 Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg or www.sdic.org.sg).
## General information
This product summary is for general information only. It is not a contract of insurance. The precise terms and conditions of this insurance plan are shown in the policy contract.
You are responsible for the accuracy and completeness of the information given to us:
(i) in any application for the policy; and
(ii) when making any claim under the policy.
You can contact your financial representative for details on the procedures for withdrawing, surrendering or making claims under your policy. You may also visit Great Eastern's website for information on how to make a claim.
This document may be translated into Chinese. If there is any difference between the English and Chinese versions, the English version will apply.
[p.15]
---
# Appendix
## Rates of insurance charge for GREAT Wealth Advantage 4
Standard rates of insurance charge per annum per S$1,000 net sum assured
| Age Next Birthday on Preceding (or Coincident) Policy Anniversary * | Male NonSmoker | Male Smoker | Female NonSmoker | Female Smoker |
|---|---|---|---|---|
| 1 | 0.683 | 0.683 | 0.656 | 0.656 |
| 2 | 0.683 | 0.683 | 0.656 | 0.656 |
| 3 | 0.683 | 0.683 | 0.656 | 0.656 |
| 4 | 0.683 | 0.683 | 0.656 | 0.656 |
| 5 | 0.683 | 0.683 | 0.656 | 0.656 |
| 6 | 0.683 | 0.683 | 0.656 | 0.656 |
| 7 | 0.683 | 0.683 | 0.656 | 0.656 |
| 8 | 0.683 | 0.683 | 0.656 | 0.656 |
| 9 | 0.683 | 0.683 | 0.656 | 0.656 |
| 10 | 0.683 | 0.683 | 0.656 | 0.656 |
| 11 | 0.717 | 0.717 | 0.692 | 0.692 |
| 12 | 0.842 | 0.842 | 0.818 | 0.818 |
| 13 | 0.956 | 0.956 | 0.930 | 0.930 |
| 14 | 0.956 | 0.956 | 0.930 | 0.930 |
| 15 | 0.956 | 0.956 | 0.930 | 0.930 |
| 16 | 0.956 | 0.956 | 0.930 | 0.930 |
| 17 | 0.956 | 0.956 | 0.930 | 0.930 |
| 18 | 0.956 | 0.960 | 0.930 | 0.935 |
| 19 | 0.968 | 0.972 | 0.930 | 0.935 |
| 20 | 0.968 | 0.972 | 0.930 | 0.935 |
| 21 | 0.968 | 0.972 | 0.930 | 0.935 |
| 22 | 0.968 | 0.972 | 0.930 | 0.935 |
| 23 | 0.968 | 0.972 | 0.930 | 0.935 |
| 24 | 0.968 | 0.972 | 0.930 | 0.935 |
| 25 | 0.968 | 0.972 | 0.930 | 0.935 |
| 26 | 0.968 | 0.972 | 0.930 | 0.935 |
| 27 | 0.968 | 0.972 | 0.930 | 0.935 |
| 28 | 0.968 | 0.972 | 0.930 | 0.935 |
| 29 | 0.968 | 0.972 | 0.930 | 0.935 |
| 30 | 0.968 | 0.972 | 0.930 | 0.935 |
| 31 | 0.968 | 0.972 | 0.930 | 0.935 |
| 32 | 0.968 | 0.972 | 0.930 | 0.935 |
| 33 | 0.968 | 0.972 | 0.930 | 0.935 |
| 34 | 0.968 | 1.010 | 0.930 | 0.935 |
| 35 | 0.968 | 1.098 | 0.930 | 0.935 |
| 36 | 1.007 | 1.190 | 0.937 | 0.946 |
| 37 | 1.057 | 1.280 | 0.943 | 0.975 |
| 38 | 1.126 | 1.383 | 0.950 | 1.044 |
| 39 | 1.208 | 1.481 | 0.960 | 1.112 |
| 40 | 1.297 | 1.588 | 0.990 | 1.211 |
| 41 | 1.413 | 1.678 | 1.070 | 1.318 |
| 42 | 1.550 | 1.788 | 1.171 | 1.443 |
| 43 | 1.659 | 1.929 | 1.276 | 1.544 |
| 44 | 1.758 | 2.056 | 1.401 | 1.692 |
| 45 | 1.878 | 2.251 | 1.507 | 1.833 |
| 46 | 2.035 | 2.553 | 1.613 | 1.969 |
| 47 | 2.263 | 2.903 | 1.738 | 2.116 |
| 48 | 2.550 | 3.339 | 1.841 | 2.274 |
| 49 | 2.853 | 3.845 | 1.947 | 2.464 |
| 50 | 3.071 | 4.241 | 2.067 | 2.666 |
| 51 | 3.306 | 4.915 | 2.324 | 3.041 |
| 52 | 3.901 | 5.529 | 2.613 | 3.522 |
| 53 | 4.568 | 6.200 | 3.010 | 4.156 |
| 54 | 5.182 | 6.832 | 3.522 | 4.866 |
| 55 | 5.781 | 7.623 | 4.156 | 5.585 |
| 56 | 6.382 | 8.507 | 4.866 | 6.266 |
| 57 | 7.063 | 9.244 | 5.642 | 6.987 |
| 58 | 7.872 | 10.141 | 6.103 | 7.763 |
| 59 | 8.399 | 11.064 | 6.854 | 8.680 |
| 60 | 8.941 | 12.322 | 7.556 | 9.693 |
| 61 | 9.923 | 13.318 | 8.416 | 10.491 |
| 62 | 10.958 | 14.102 | 9.160 | 11.315 |
| 63 | 11.878 | 15.364 | 10.067 | 12.387 |
| 64 | 12.969 | 16.662 | 10.969 | 13.636 |
| 65 | 13.557 | 17.613 | 11.935 | 15.036 |
| 66 | 13.982 | 18.477 | 12.986 | 16.578 |
| 67 | 15.196 | 20.390 | 14.130 | 18.281 |
| 68 | 16.803 | 22.613 | 15.374 | 20.157 |
| 69 | 18.614 | 24.996 | 16.728 | 22.225 |
| 70 | 20.227 | 27.488 | 18.201 | 24.506 |
| 71 | 21.457 | 30.247 | 19.803 | 27.021 |
| 72 | 23.288 | 33.180 | 21.547 | 29.794 |
| 73 | 25.191 | 36.309 | 23.444 | 32.851 |
| 74 | 27.162 | 39.691 | 25.509 | 36.223 |
| 75 | 29.226 | 43.361 | 27.755 | 39.941 |
| 76 | 32.491 | 47.333 | 30.198 | 44.039 |
| 77 | 36.105 | 51.658 | 32.857 | 48.559 |
| 78 | 40.106 | 58.230 | 35.750 | 53.543 |
| 79 | 43.582 | 63.396 | 38.898 | 59.037 |
| 80 | 47.594 | 68.952 | 42.322 | 65.097 |
| 81 | 51.362 | 75.833 | 46.050 | 71.777 |
| 82 | 55.520 | 83.399 | 50.104 | 79.144 |
| 83 | 59.588 | 91.722 | 54.516 | 87.266 |
| 84 | 65.453 | 100.875 | 59.316 | 96.222 |
| 85 | 72.186 | 110.941 | 64.538 | 106.096 |
| 86 | 80.976 | 122.011 | 70.221 | 116.985 |
| 87 | 90.046 | 134.187 | 76.403 | 128.990 |
| 88 | 100.651 | 147.576 | 83.131 | 142.229 |
| 89 | 111.080 | 162.303 | 90.450 | 156.825 |
| 90 | 122.210 | 178.499 | 98.414 | 172.919 |
| 91 | 133.293 | 196.311 | 107.080 | 190.666 |
| 92 | 144.912 | 215.900 | 116.508 | 210.233 |
| 93 | 155.793 | 237.445 | 126.767 | 231.810 |
| 94 | 166.215 | 261.138 | 137.928 | 255.599 |
| 95 | 177.710 | 287.197 | 150.073 | 281.831 |
| 96 | 191.389 | 315.856 | 163.287 | 310.754 |
| 97 | 208.030 | 347.374 | 177.664 | 342.645 |
| 98 | 229.776 | 382.037 | 193.307 | 377.811 |
| 99 | 251.024 | 420.161 | 210.328 | 416.584 |
[p.16]
* On date of deduction of insurance charge
Note: Insurance charge for each policy month = net sum assured at start of policy month x rate of insurance charge per annum / 12000
[p.17]
---
### https://lifeinsurance.com.sg/api/product/great-eastern/great-wealth-multiplier-3/summary.md
# GREAT
Wealth Multiplier 3
**Insurer:** Great Eastern (The Great Eastern Life Assurance Company Limited)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/190800011G/PS(EN)_GREAT%20Wealth%20Multiplier%203_(SG)_v5.0.pdf
## Source wording
- **Effective from:** (not stated in document)
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/190800011G/PS(EN)_GREAT%20Wealth%20Multiplier%203_(SG)_v5.0.pdf
- **PDF sha256:** `9d267360e59c0d15620f57b0965820b8137d33c6d44f622d33eef0628541c4a8`
- **Extraction confidence:** verified
## Extracted facts
### free look
```json
{
"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
```json
[
{
"text": "We will not pay any benefit for death due to: (a) suicide while sane or insane; or (b) any pre-existing condition, within 12 months from the date we issue the policy or from the date of reinstatement (if applicable) of the policy.",
"source_page": 4
},
{
"text": "We will not pay any benefit for TPD resulting directly or indirectly, wholly or partly, from self-inflicted injury, while sane or insane.",
"source_page": 4
},
{
"text": "We will not pay any benefit for TPD resulting directly or indirectly, wholly or partly, from bodily injury sustained while the life assured is in or on, or boarding or descending from, an aircraft other than as a: (i) fare-paying passenger or crew member on an aircraft licensed for passenger service and operated by a commercial airline on a scheduled route; (ii) passenger who is a member of the armed forces on a military transport aircraft; or (iii) provider of airport ground handling, aviation catering, aircraft engineering or other aviation-related services while the aircraft is on the ground.",
"source_page": 4
},
{
"text": "We will not pay any benefit for pre-existing TPD; or a diagnosis of TPD due to a pre-existing condition within 12 months from the date of issue or from the date of reinstatement (if applicable) of the policy.",
"source_page": 4
},
{
"text": "We will not pay any benefit for: (a) pre-existing terminal illness; (b) terminal illness in the presence of Human Immunodeficiency Virus (HIV) infection; or (c) terminal illness due to a pre-existing condition within 12 months from the date of issue or from the date of reinstatement (if applicable) of the policy.",
"source_page": 4
}
]
```
### mwpa trust
```json
{
"notes": "The appointment of the secondary life assured is subject to conditions including that your policy is not subject to a trust, and premiums for your policy are not paid from funds from an account operated under the Supplementary Retirement Scheme.",
"available": false,
"source_page": 3
}
```
### cash values
```json
{
"has_cash_value": true,
"non_guaranteed_bonus": {
"text": "The future bonuses which have yet to be declared are not guaranteed and are dependent on the performance of the participating fund. We will decide the level of bonus to be declared each year as approved by the board of directors, taking into account the written recommendation by the appointed actuary.",
"available": true,
"bonus_types": [
"reversionary",
"terminal"
],
"source_page": 5,
"par_fund_name": "Great Eastern Life Participating Fund"
},
"guaranteed_surrender_value": {
"basis": "For regular premium: payable after at least 3 full policy years of premiums paid and policy in force for at least 3 years. For single premium: payable when single premium has been paid. Refer to surrender value in the policy illustration for details.",
"available": true,
"source_page": 3
}
}
```
### grace period
```json
{
"days": 30,
"source_page": 9
}
```
### product type
```json
"endowment"
```
### policy basics
```json
{
"minimum_entry_age": {
"basis": "as-stated",
"years": 0,
"source_page": 3
},
"maximum_coverage_age": {
"basis": "age-next-birthday",
"years": 120,
"source_page": 2
},
"maximum_policy_term_years": "policy matures on the policy anniversary at which the life assured is age 120 next birthday (inception-dependent)",
"minimum_policy_term_years": "policy matures on the policy anniversary at which the life assured is age 120 next birthday (inception-dependent)"
}
```
### premium terms
```json
{
"cpf_eligible": {
"srs": true,
"notes": "When you invest in this plan using funds from your Supplementary Retirement Scheme (SRS), the plan will be managed in compliance with the SRS regulations as amended from time to time. If the terms and conditions are inconsistent with those regulations, then the regulations shall prevail.",
"source_page": 10
},
"payment_modes": [
"single",
"annual"
],
"premium_term_options": [
{
"label": "5-pay",
"description": "regular payments over a premium term of 5 years",
"source_page": 2
},
{
"label": "10-pay",
"description": "regular payments over a premium term of 10 years",
"source_page": 2
},
{
"label": "15-pay",
"description": "regular payments over a premium term of 15 years",
"source_page": 2
},
{
"label": "single premium",
"description": "the premium for your policy is fully paid by way of a single payment at the inception of your policy",
"source_page": 2
}
],
"premium_review_clause": {
"text": "No. The premium rates for this plan are guaranteed and will not be changed.",
"reviewable": false,
"source_page": 5
}
}
```
### reinstatement
```json
{
"conditions": "If the policy lapses because it does not have enough net surrender value, you may reinstate the policy within 6 months from the date it lapsed and usual reinstatement conditions apply.",
"source_page": 9
}
```
### non forfeiture
```json
{
"source_page": 9,
"automatic_premium_loan": {
"text": "If you do not pay your premiums on time, your policy may lapse (after 30 days grace period) depending on the net surrender value. If the policy has enough net surrender value, you will be given an automatic premium loan (APL).",
"available": true
}
}
```
### suicide clause
```json
{
"source_page": 4,
"payout_within_period": "We will not pay any benefit for death due to: (a) suicide while sane or insane; or (b) any pre-existing condition, within 12 months from the date we issue the policy or from the date of reinstatement (if applicable) of the policy. The policy will be void regardless of whether there is a secondary life assured appointed for the policy. We will refund all the premiums you have paid without interest (after deducting any outstanding debt, and any benefits and/or bonuses paid).",
"exclusion_period_months": 12
}
```
### document metadata
```json
{
"wording_version": "PS Version 5.0",
"product_full_name": "GREAT Wealth Multiplier 3",
"insurer_legal_entity": "The Great Eastern Life Assurance Company Limited (Registration No. 1908 00011G)",
"product_summary_pdf_url": "https://www.greateasternlife.com"
}
```
### terminal illness benefit
```json
{
"available": true,
"source_page": 3,
"acceleration_percent": 100,
"qualifying_definition": "a definite diagnosis of an illness that is expected to result in the life assured's death within 12 months. We require this diagnosis to be supported by a specialist and when we require, to be confirmed by our appointed medical practitioner."
}
```
---
*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.*
---
### https://lifeinsurance.com.sg/api/product/great-eastern/great-wealth-multiplier-3/wording.md
# Product Summary
## GREAT Wealth Multiplier 3
Please keep this copy for reference.
The Great Eastern Life Assurance Company Limited (Registration No. 1908 00011G)
PS Version 5.0 (Errors and Omissions Excepted)
1 Pickering Street #01-01, Great Eastern Centre, Singapore 048659
Website: www.greateasternlife.com
[p.1]
## About your plan
GREAT Wealth Multiplier 3 is a participating regular premium endowment insurance plan with limited premium payment options of 5 years, 10 years and 15 years. A single premium payment option is also available.
It is a long-term wealth accumulation plan which matures on the policy anniversary at which the life assured, named as at the inception of the policy, is age 120 next birthday. During the policy term, the plan provides financial protection against death, total and permanent disability and terminal illness. It will pay a maturity benefit at the end of the policy term, should the life assured survive till then.
As a participating plan, the plan allows you to take part in the performance of the participating fund in the form of bonuses that are not guaranteed. The objective of the plan is to provide insurance protection together with stable medium- to long–term returns using a combination of guaranteed benefits and non-guaranteed bonuses.
## The provider of your plan
GREAT Wealth Multiplier 3 is provided by The Great Eastern Life Assurance Company Limited, at 1 Pickering Street, #01-01, Great Eastern Centre, Singapore 048659.
The Great Eastern Life Assurance Company Limited is a wholly owned subsidiary of Great Eastern Holdings Limited and a member of the OCBC Group.
[p.2]
## Benefits
### Death benefit
#### Where the premiums for your policy are paid by way of regular payments over a premium term of 5, 10 or 15 years
We will pay the higher of the following in one lump sum less any debt under the policy, if the life assured dies:
(a) 105% of the total standard annual premium paid; or
(b) the guaranteed surrender value,
plus bonuses (if any).
Standard annual premium refers to the amount stated in the definition of "Standard Annual Premium" as set out in the policy contract, being the annual premium of the plan without any loadings, discount and premiums of attaching rider(s) (if any).
#### Where the premium for your policy is fully paid by way of a single payment at the inception of your policy
We will pay the higher of the following in one lump sum less any debt under the policy, if the life assured dies:
(a) 105% of the standard single premium; or
(b) the guaranteed surrender value,
plus bonuses (if any).
Standard single premium refers to the amount stated in the definition of "Standard Single Premium" as set out in the policy contract, being the single premium of the plan without any loadings, discount and premiums of attaching rider(s) (if any).
### Total and permanent disability benefit
We will pay the death benefit in one lump sum, if the life assured suffers from total and permanent disability (TPD).
| Life Assured's age | Life Assured suffers from a state of incapacity which is total and permanent, and which: | Applicable period |
|---|---|---|
| Above 15 years old | (a) is such that there is not at that time, nor at any time thereafter, any work, occupation or profession which the Life Assured can ever perform or follow sufficiently to earn or obtain any wage, remuneration or profit; or | Happens before the policy anniversary on which the Life Assured is 65 age next birthday. |
| | (b) takes the form of total and irrecoverable loss of: (i) the sight in both eyes; (ii) the use of 2 limbs at or above the wrist or ankle; or (iii) the sight in 1 eye and the use of 1 limb at or above the wrist or ankle. | Applies for the whole of policy term. |
| 15 years old and below | (a) is such that the Life Assured has been confined to a home, hospital or other institution requiring constant care and medical attention for at least 6 consecutive months; or | Happens before the Life Assured turns 16 years old. |
| | (b) takes the form of total and irrecoverable loss of: (i) the sight in both eyes; (ii) the use of 2 limbs at or above the wrist or ankle; or (iii) the sight in 1 eye and the use of 1 limb at or above the wrist or ankle. | Applies for the whole of policy term. |
TPD must, in the opinion of a registered medical practitioner, be deemed to be total and permanent.
The most we will pay in benefit for TPD for all policies and riders we have issued for each life assured is S$5,000,000.
### Terminal illness benefit
We will pay the death benefit in one lump sum on a definite diagnosis of an illness that is expected to result in the life assured's death within 12 months.
We require this diagnosis to be supported by a specialist and when we require, to be confirmed by our appointed medical practitioner.
### Maturity benefit
We will pay a guaranteed maturity benefit plus attaching bonuses (if any) when the policy matures, if the life assured is still surviving at the end of the policy term.
Please see the maturity benefit in the policy illustration for the illustrated amount that you will receive if the life assured is still surviving at the end of the policy term.
## Policy Values, Flexible Options, Limitations & Premiums
### Surrender value
#### Where the premiums for your policy are paid by way of regular payments over a premium term of 5, 10 or 15 years
We will pay the surrender value when you surrender your policy after you have paid at least 3 full policy years of premiums and your policy has been in force for at least 3 years.
#### Where the premium for your policy is fully paid by way of a single payment at the inception of your policy
When the single premium has been paid, we will pay the surrender value when you surrender your policy.
Please refer to the surrender value in the policy illustration for more details.
### What is the effect of early surrender?
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.
Please see the table of deductions in the policy illustration for the possible cost of surrendering the plan early.
### Appointment of Secondary Life Assured Option
While your policy is in force, you may appoint a secondary life assured to ensure policy continuity upon the death of the life assured. If the life assured of the policy dies while there is a secondary life assured appointed for the policy, the secondary life assured will assume the role of the life assured for the policy in place of the deceased life assured at such point in time ("Conversion") and your policy continues to be in full force and effect. However, all supplementary benefits or riders covering the deceased life assured under the policy will be terminated as at the date of the Conversion.
#### Important note on the policy term:
Even where there has been a Conversion for your policy, the policy term will remain unchanged and your policy will mature on the policy anniversary when the life assured named as at the inception of the policy is age 120 next birthday. Upon which, the maturity benefit will be paid and the policy will terminate.
The appointment of the secondary life assured ("Appointment") is subject to all of the following conditions being satisfied as at the date of such appointment:
(a) you are an individual.
(b) the life assured is alive.
(c) the secondary life assured must be either:
(i) yourself;
(ii) your spouse; or
(iii) your biological or adopted child who is age 18 next birthday or below.
(d) the secondary life assured has satisfied the minimum and maximum entry age requirements for this insurance plan as stipulated by us in our absolute discretion (if any).
(e) no nomination of beneficiary has been made in respect of your policy.
(f) your policy is not subject to a trust.
(g) premiums for your policy are not paid from funds from an account operated under the Supplementary Retirement Scheme.
(h) there have been less than 3 Conversions for the policy.
Each Appointment and each Conversion is subject to our approval. We will not be obliged to approve a Conversion even if the Appointment had been previously approved by us. In the event that we do not approve a Conversion, the death benefit will be paid and the policy will terminate.
A maximum of 3 Conversions is allowed during the term of the policy. You may revoke the appointment of the secondary life assured at any time prior to the death of the life assured of the policy.
You are advised to read the policy contract for all the terms and conditions relating to this option.
[p.3]
### When will you not receive the benefits of this plan?
There are certain situations when we will not pay the benefits under the policy. These conditions are stated in the policy contract.
#### Death benefit
We will not pay any benefit for death due to:
(a) suicide while sane or insane; or
(b) any pre-existing condition,
within 12 months from the date we issue the policy or from the date of reinstatement (if applicable) of the policy. The policy will be void regardless of whether there is a secondary life assured appointed for the policy. We will refund all the premiums you have paid without interest (after deducting any outstanding debt, and any benefits and/or bonuses paid).
#### TPD benefit
We will not pay any benefit for:
(a) TPD resulting directly or indirectly, wholly or partly, from self-inflicted injury, while sane or insane;
(b) TPD resulting directly or indirectly, wholly or partly, from bodily injury sustained while the life assured is in or on, or boarding or descending from, an aircraft other than as a:
(i) fare-paying passenger or crew member on an aircraft licensed for passenger service and operated by a commercial airline on a scheduled route;
(ii) passenger who is a member of the armed forces on a military transport aircraft; or
(iii) provider of airport ground handling, aviation catering, aircraft engineering or other aviation-related services while the aircraft is on the ground;
(c) pre-existing TPD; or
(d) a diagnosis of TPD due to a pre-existing condition within 12 months from the date of issue or from the date of reinstatement (if applicable) of the policy.
#### Terminal illness benefit
We will not pay any benefit for:
(a) pre-existing terminal illness;
(b) terminal illness in the presence of Human Immunodeficiency Virus (HIV) infection; or
(c) terminal illness due to a pre-existing condition within 12 months from the date of issue or from the date of reinstatement (if applicable) of the policy.
You should read the policy contract for all the conditions.
[p.4]
## Will we change your premium rates for this plan?
No. The premium rates for this plan are guaranteed and will not be changed.
## Bonuses
### Types of bonuses
This plan provides both guaranteed and non-guaranteed benefits. The guaranteed benefits, including bonuses which have already been declared, will be paid no matter how the participating fund performs. Non-guaranteed benefits are in the form of future bonuses.
The future bonuses which have yet to be declared are not guaranteed and are dependent on the performance of the participating fund. We will decide the level of bonus to be declared each year as approved by the board of directors, taking into account the written recommendation by the appointed actuary.
There are two main types of bonuses for this plan – reversionary bonus and terminal bonus.
### Reversionary bonus
This bonus (if any) is usually declared on a yearly basis. Once declared, it will form part of the guaranteed benefit of the policy. However, where the premiums for your policy are paid by way of regular payments, it can only be added to your policy benefits after three (3) full policy years or otherwise as decided by us, and where the premium for your policy is paid by way of a single payment, it can only be added to your policy benefits after one (1) full policy year or otherwise as decided by us.
The two illustrated Investment Rates of Return are used purely for illustrative purposes and do not represent upper and lower limits of the investment performance of the participating fund.
The illustrated reversionary bonus rates of the plan are as follows:
| End of Policy Year | Reversionary Bonus |
|---|---|
| Years 1 -14 | Illustrated Investment Rate of Return of 4.25% p.a. Per S$1,000 basic sum insured S$5.40 Compounding annually at 1.00% Illustrated Investment Rate of Return of 3.00% p.a. Per S$1,000 basic sum insured S$3.62 Compounding annually at 0.67% |
| Years 15 -29 | Illustrated Investment Rate of Return of 4.25% p.a. Per S$1,000 basic sum insured S$5.40 Compounding annually at 0.00% Illustrated Investment Rate of Return of 3.00% p.a. Per S$1,000 basic sum insured S$3.62 Compounding annually at 0.00% |
| Year 30 onwards | Illustrated Investment Rate of Return of 4.25% p.a. Per S$1,000 basic sum insured S$7.90 Compounding annually at 0.00% Illustrated Investment Rate of Return of 3.00% p.a. Per S$1,000 basic sum insured S$5.29 Compounding annually at 0.00% |
### Terminal bonus
The terminal bonus (if any) is a bonus payable:
(a) when there is a claim admitted under the policy which terminates the policy;
(b) when your policy matures; or
(c) when you surrender your policy,
whichever event first occurs.
We usually review the terminal bonus yearly.
[p.5]
## How are the assets being invested and managed?
We will combine your premium(s), along with those of other participating policies, in one pool of assets in the participating fund.
The participating fund aims to achieve the illustrated investment rate of return while controlling risks by actively managing a mix of asset classes. We practise diversification by investing mainly in equities, fixed income and alternative asset classes.
We balance risk and return by strategically allocating across asset classes to generate the long-term returns. Asset classes invested in the Participating fund are exposed to Market Risk, Credit Risk and Liquidity Risk.
Interest rate derivatives such as interest rate swaps and treasury bond futures are used for asset-liability management via reducing the asset-liability duration gap. These derivatives are generally exposed to Interest Rate Risk, Basis Risk, and Liquidity Risk.
While we partly manage the assets of the participating fund, we have appointed Lion Global Investors Limited to mainly manage the assets.
### The participating fund manager:
Lion Global Investors Limited
65 Chulia Street, OCBC Centre #18-01, Singapore 049513
### Strategic asset allocation and investment mix
The strategic asset allocation for the year 2025 and actual investment mix of the participating fund as at 31 Dec 2024 are as follows:
| Asset class | Strategic allocation | Actual allocation |
|---|---|---|
| Equities | 29% | 25% |
| Bonds | 58% | 62% |
| Properties | 7% | 7% |
| Loans | 5% | 5% |
| Cash and equivalent | 1% | 1% |
| Others | 0% | 0% |
| Total assets | 100% | 100% |
### 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 | Average of last 3 years | Average of last 5 years | Average of last 10 years |
|---|---|---|---|---|---|---|
| Investment returns | -7.91% | 6.37% | 4.26% | 0.71% | 2.39% | 3.68% |
Please note that past performance may not be indicative of future performance.
### Total expense ratio
The total expense ratio is the proportion of total expenses incurred by the participating fund to the total 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.
[p.6]
For our participating fund, the past total expense ratios are shown in the table below.
| | 2022 | 2023 | 2024 | Average of last 3 years | Average of last 5 years | Average of last 10 years |
|---|---|---|---|---|---|---|
| Total expense ratio | 1.74% | 1.44% | 1.35% | 1.49% | 1.54% | 1.61% |
Please note that past expense ratios may not be indicative of actual expenses that may be incurred in the future.
## What are the risks that affect the level of bonuses?
The level of the bonuses depends on the current performance, the future outlook and the financial soundness of the participating fund. The main sources of risks affecting the performance of the participating fund include:
- investment returns;
- expenses incurred or allocated to the participating fund;
- the amount of death and sickness claims paid out on policies in the participating fund; and
- the number of surrendered policies in the participating fund.
## How are risks shared?
The risks arising from investment and surrendered policies are pooled and shared by all policies in the participating fund. Other risks may be shared among products that have the same features. Examples of these risks include expense risks, risks of people dying and the risks of people suffering from a disability or illness.
In deciding on the level of bonuses that we can pay, the values of the assets available to back the plan is calculated by accumulating the premiums paid at the actual rate of investment return less the expenses incurred, the cost of insurance, commission paid and other costs that may be incurred in managing the participating fund.
## How are bonuses smoothed over time?
We smooth bonuses to make sure we can provide a stable medium- to long-term return on your policy. As a result, we may retain bonuses in good years to support the bonus in years when experience is less favourable. However, the effect of smoothing is intended to be neutral over time and across generations of policyholders.
### Reversionary bonus
Our bonus distribution policy is to keep the reversionary bonus at a level that we expect that it can be supported over the medium- to long-term. Thus, while we review the reversionary bonus yearly, we do not expect it to rise and fall much from year to year. Nevertheless, there may be significant adjustments under exceptional circumstances.
The reversionary bonus rates declared over the past 3 years (or shorter if the plan was launched later) are consistent with those illustrated using an Investment Rate of Return of 4.25% per annum as shown in the policy illustration and/or in the 'Bonuses' section of this product summary.
### Terminal bonus
We usually review the terminal bonus yearly. In exceptional circumstances, the review may be more frequent. The terminal bonus is more likely to change from year to year but our policy is to limit the yearly variation so that, under normal circumstances, the payout will not rise and fall too much over the short term.
The terminal bonus rates declared over the past 3 years (or shorter if the plan was launched later) are consistent with those illustrated using an Investment Rate of Return of 4.25% per annum as shown in the policy illustration and/or in the 'Bonuses' section of this product summary.
Please note that past performance may not be indicative of future performance.
[p.7]
## How will you be updated on the performance of your policy?
You will receive an annual bonus update that will include the following:
- the performance of the participating fund and its future outlook, which you should receive around the second quarter of each year after bonus is declared for your policy; and
- an annual statement regarding bonuses for your policy, which you should receive around the second quarter of each year after bonus is declared for your policy. For policies with cash bonus, you should receive the relevant statement within one month from your policy anniversary only when the cash bonus is due.
Please refer to the 'Bonuses' section to see the type of bonus(es) applicable to your policy.
When there is a change in the rate of bonuses declared, you can ask us for an update of the illustrated values.
## Fees and charges
This plan shares in the experience of the participating fund. This means that all expenses and charges relating to operating and managing the participating fund, as well as all sales-related expenses, can be charged to the policy according to the risk-sharing rules described earlier.
Examples of these expenses include:
- commission fees paid to agents or intermediaries;
- investment fees paid to fund managers for providing investment management services to the participating fund;
- costs for mortality (death), morbidity (sickness), ending policies; and
- management fees.
Please see the table of deductions in the policy illustration for more information.
Please note that we have included fees and charges when working out the premium and you will not be separately charged for these.
## Conflict of interest
The board of directors is responsible for the interests of all stakeholders, including our participating fund policyholders. We have put in place internal controls in the following areas where there could be conflicts of interest:
- expenses allocated to the participating fund out of the total expenses incurred by us.
- the investment strategy of the participating fund.
These controls are in place to make sure that we manage any conflicts of interest so that the effect on the participating fund policyholders' benefit in total is minimal.
## Related party transactions
Our main manager of the participating fund, Lion Global Investors Limited, is a 'related party'. All transactions with the related party will be approved by the relevant internal committee to make sure that transactions are done at arm's length.
[p.8]
## Risks of this plan
### What happens if you surrender the policy early?
If you surrender your policy after the free-look period, you may lose part or all of the premiums paid. This is because the surrender value, if any, that is payable to you may be zero or less than the total premiums paid.
Buying a new policy may mean we need to reassess the life assured's health and circumstances and may result in higher premiums and/or benefit exclusions due to the age and health status.
### What is the worst case scenario if you surrender your policy early?
There will be no protection if you surrender your policy early and you will also lose part or all of your premiums. The illustrated amount you will receive is reflected in the surrender value column in the policy illustration.
### What happens if you do not pay your premiums on time?
#### Applicable only where the premiums for your policy are paid by way of regular payments over a premium term of 5, 10 or 15 years
If you do not pay your premiums on time, your policy may lapse (after 30 days grace period) depending on the net surrender value. If the policy has enough net surrender value, you will be given an automatic premium loan (APL). If the policy lapses because it does not have enough net surrender value, you may reinstate the policy within 6 months from the date it lapsed and usual reinstatement conditions apply.
### What happens if your policy lapses?
There will be no protection if your policy lapses.
### What are the risks that we will refuse your claim?
The claim must meet the definitions of the events as shown in the policy contract before we can approve a claim and these events must not fall under the list of exclusions.
We may reject your claim if the life assured has a pre-existing condition.
You are advised to read the policy contract for the exact definitions, terms and conditions, and full list of exclusions.
### What are some of the risks of a participating single/regular premium endowment plan?
This plan provides guaranteed and non-guaranteed benefits. We will pay the guaranteed benefits no matter how the participating fund performs. Non-guaranteed benefits do depend on the performance of the participating fund.
### Will you receive the bonuses if you surrender your policy?
You will receive the surrender value of declared bonuses and the terminal bonus (if applicable) when you surrender your policy.
[p.9]
## When will your policy be terminated?
Your policy will terminate on the earliest of the following events:
(a) the date of death of the life assured if:
(i) there was no secondary life assured appointed for the policy prior to the death of the life assured of the policy; or
(ii) there was a secondary life assured appointed for the policy prior to the death of the life assured of the policy but that Conversion was not approved by us;
(b) the date on which the life assured is diagnosed with terminal illness (other than pre-existing terminal illness) and the claim is admitted;
(c) the date on which the life assured suffers from TPD (other than pre-existing TPD) and the claim is admitted; or
(d) when the policy matures, lapses, is surrendered or otherwise terminated.
You are advised to read the policy contract for the detailed terms and conditions.
## What happens if you have outstanding debts?
We will first use any amount payable under the policy to deduct any debt before the balance amount is paid.
## What is the free-look period?
After purchasing a life insurance policy, you have a 14-day free-look period starting from the day you receive your policy documents to review the documents carefully. During this time, if you choose to cancel your 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.
If your policy document is sent by post, we will assume it has been delivered and received 7 days after the date of posting.
## If payment is through Supplementary Retirement Scheme
When you invest in this plan using funds from your Supplementary Retirement Scheme (SRS), the plan will be managed in compliance with the SRS regulations as amended from time to time. If the terms and conditions are inconsistent with those regulations, then the regulations shall prevail.
## 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 Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg or www.sdic.org.sg).
## General information
This product summary is for general information only. It is not a contract of insurance. The precise terms and conditions of this insurance plan are shown in the policy contract.
You are responsible for the accuracy and completeness of the information given to us:
(i) in any application for the policy; and
(ii) when making any claim under the policy.
You can contact your financial representative for details on the procedures for withdrawing, surrendering or making claims under your policy. You may also visit Great Eastern's website for information on how to make a claim.
You may also get a copy of "Your Guide to Participating Policies" from our website or ask us for a hardcopy.
This document may be translated into Chinese. If there is any difference between the English and Chinese versions, the English version will apply.
[p.10]
---
### https://lifeinsurance.com.sg/api/product/great-eastern/prestige-legacy-index/summary.md
# Prestige
Legacy Index
**Insurer:** Great Eastern (The Great Eastern Life Assurance Company Limited)
**MAS licence:** —
**Insurer product page:** https://www.greateasternlife.com/content/dam/corp-site/great-eastern/sg/gels-ftrp-imc-cm/prestige-/prestige-legacy-index/prestige-legacy-index-eng-brochure.pdf
## Source wording
- **Effective from:** (not stated in document)
- **Ingested:** 2026-06-05
- **PDF source:** https://www.greateasternlife.com/content/dam/corp-site/great-eastern/sg/gels-ftrp-imc-cm/prestige-/prestige-legacy-index/prestige-legacy-index-eng-brochure.pdf
- **PDF sha256:** `617d884e63d2b2527120fef0e16df9f8447c6993cf54934549179a887a51c724`
- **Extraction confidence:** inferred
## Extracted facts
### exclusions
```json
[]
```
### cash values
```json
{
"has_cash_value": true,
"non_guaranteed_bonus": {
"text": "Additional guaranteed loyalty crediting rate of 0.35% p.a. from 11th policy year onwards. For flexible premium policies, the loyalty crediting rate will be awarded provided that the total planned premiums have been fully paid. The cap rates and participation rates for Index Account(s) are not guaranteed and may change from time to time.",
"available": true,
"bonus_types": [
"other"
],
"source_page": 2
},
"guaranteed_surrender_value": {
"basis": "Account value less any surrender charges and outstanding debts; surrender charges apply (details in product summary).",
"available": true,
"source_page": 2
}
}
```
### policy loan
```json
{
"available": true,
"source_page": 10,
"interest_basis": "Not specified in this document; presence of policy loan referenced in non-lapse guarantee conditions."
}
```
### product type
```json
"universal-life"
```
### underwriting
```json
{
"source_page": 10,
"smoker_loading": true,
"occupational_rating": "The actual premium payable varies based on the life assured's age at entry, gender, smoker status, country of residency at inception, underwriting risk class, sum assured, premium apportionment mix and index account apportionment mix."
}
```
### policy basics
```json
{
"minimum_entry_age": {
"basis": "age-last-birthday",
"source_page": 10
},
"maximum_coverage_age": "whole-of-life"
}
```
### premium terms
```json
{
"cpf_eligible": {
"srs": false,
"notes": "Product is US dollar-denominated; no CPF/SRS eligibility stated in the document.",
"source_page": 10,
"special_account": false,
"ordinary_account": false
},
"payment_modes": [
"single",
"annual"
],
"premium_term_options": [
{
"label": "Single premium",
"description": "Premium charge of 8.00%",
"source_page": 2
},
{
"label": "Flexible premium – 5-year term",
"description": "Flexible premiums refer to the planned premium amount payable during the selected premium payment term of 5 or 10 years. 1st to 5th planned premium: Premium charge of 8.00%.",
"source_page": 2
},
{
"label": "Flexible premium – 10-year term",
"description": "Flexible premiums refer to the planned premium amount payable during the selected premium payment term of 5 or 10 years. 1st to 5th planned premium: Premium charge of 8.00%; 6th to 10th planned premium: Premium charge of 5.00%.",
"source_page": 2
}
]
}
```
### non forfeiture
```json
{
"paid_up": {
"text": "Not stated in this document.",
"available": false
},
"extended_term": {
"text": "Not stated in this document.",
"available": false
},
"automatic_premium_loan": {
"text": "Not stated in this document.",
"available": false
}
}
```
### document metadata
```json
{
"wording_version": "PLI/Ver5.0/202511",
"product_full_name": "Prestige Legacy Index",
"insurer_legal_entity": "The Great Eastern Life Assurance Company Limited",
"document_published_date": "Information correct as at 21 November 2025"
}
```
### terminal illness benefit
```json
{
"available": true,
"source_page": 2,
"acceleration_percent": 100,
"qualifying_definition": "If the life assured dies or is diagnosed with terminal illness before the policy anniversary after the life assured's 121st birthday, we will pay either (a) the basic sum assured; or (b) account value of the policy, whichever is higher, less any outstanding debts. If the life assured dies or is diagnosed with terminal illness on or after the policy anniversary after the life assured's 121st birthday, we will pay the account value of the policy, less any outstanding debts."
}
```
---
*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.*
---
### https://lifeinsurance.com.sg/api/product/great-eastern/prestige-legacy-index/wording.md
# Prestige Legacy Index
Build timeless value of your legacy with lifetime protection
[p.1]
---
## Legacy isn't just built on protection; it's rooted in timeless growth.
Life is full of twists and turns. You're successful today because you've made the most of them, safeguarding the life you've created while nurturing opportunities to their fullest potential.
Prestige Legacy Index is designed to grow your wealth without compromising what you've already built. Offering the best of both worlds, this US dollar-denominated¹ universal life plan combines potentially higher growth through participation in market indices while limiting your risk exposure during market downturns. You are also assured of lifelong protection against death and terminal illness, ensuring your loved ones are always taken care of.
### Lifetime protection of up to 13 times² the premium paid
Invest with either a single premium or flexible premiums³ for 5 or 10 years, to create an immediate estate and enhance your legacy. The non-lapse guarantee⁴ ensures your protection for the first five policy years, regardless of market performance, allowing your investment to reach its full potential.
### Potential growth with protection from market volatility
Based on your risk tolerance and financial aspirations, you can choose from 4 premium apportionment options between the Index Account(s) and Fixed Account:
- **Index Account(s)**: Choose from a selection of global indices and benefit from higher potential returns⁵, with a guaranteed minimum floor rate of 0% p.a. to safeguard your account from market downturns.
- **Fixed Account**: Benefit from a guaranteed crediting rate of 4.20% p.a. for the first year. Thereafter, the rate will be based on the prevailing rate determined by Great Eastern, with a guaranteed minimum crediting rate of 2.00% p.a.
### Flexibility to adapt to your life's changing needs
- Opt for the automatic premium spread feature to distribute your net premium† to your Index Account(s) across 12 months, reducing the impact of market fluctuations for stable long-term returns.
- Adjust your risk preferences by changing premium apportionments and/or reallocating the amounts held in your Fixed Account and/or Index Account(s) from the 3rd policy year.
- Extend the policy benefits by changing the life assured⁶ and passing the policy on to the next generation.
## Why Prestige Legacy Index
| | Option 1 | Option 2 | Option 3 | Option 4 |
|---|---|---|---|---|
| Index Account(s) | 100% | 75% | 50% | 0% |
| Fixed Account | 0% | 25% | 50% | 100% |
---
[p.2]
## How Prestige Legacy Index works
### Premium payment
**Single premium**
- Premium charge of 8.00%
**Flexible premium³**
- 1st to 5th planned premium: Premium charge of 8.00%
- 6th to 10th planned premium: Premium charge of 5.00%
### Net premium†
Choose your allocation between the Index Account(s) and Fixed Account based on your preferences
#### Index Account(s)⁵
You can select up to 3 indices. The crediting rate is based on the performance of the underlying index, subject to the applicable cap rates^, applicable participation rates^ and a 0% p.a. floor rate.
#### Fixed Account
Guaranteed crediting rate of 4.20% p.a. in the 1st year
### Additional guaranteed loyalty crediting rate* of 0.35% p.a. from 11th policy year onwards
### Less monthly deductions
(Include policy fee and insurance charge)
### Account value
### Death or Terminal Illness Benefit#
### Less any surrender charges
### Surrender value
---
† Net premium refers to the gross premium(s) less any applicable premium charge.
^ This is not guaranteed and may change from time to time.
* For flexible premium policies, the loyalty crediting rate will be awarded provided that the total planned premiums have been fully paid.
# If the life assured dies or is diagnosed with terminal illness before the policy anniversary after the life assured's 121st birthday, we will pay either (a) the basic sum assured; or (b) account value of the policy, whichever is higher, less any outstanding debts. If the life assured dies or is diagnosed with terminal illness on or after the policy anniversary after the life assured's 121st birthday, we will pay the account value of the policy, less any outstanding debts.
---
[p.3]
## Take the first step towards a stronger financial future
Whether you're planning for retirement, building generational wealth, or simply looking to protect all you've worked so hard to achieve, an Index Universal Life (IUL) insurance plan offers a powerful solution. It brings together robust protection and wealth-building potential in one flexible plan designed to grow with you and support your legacy.
Let us help you tailor an IUL strategy that aligns with your goals, values and visions for the future. Secure your legacy with confidence and watch your vision become reality.
## Understanding your needs to plan for a legacy
A meaningful legacy goes beyond financial assets—it embodies your core values, life vision and the lasting impact you wish to leave behind. Whether you're aiming to secure your family's financial future, ensure your business continues to thrive, or support a cause close to your heart, thoughtful planning today can shape and strengthen the legacy you'll leave tomorrow.
## How our wealth planning solutions can help you
| | |
|---|---|
| **Legacy planning** | Ensure your retirement security and your family's future remain top priorities. Our tailored solutions help align your assets with your long-term goals, establish an immediate estate, and safeguard your loved ones' financial wellbeing without compromising the lifestyle you've envisioned for retirement. |
| **Financial flexibility** | When investment opportunities arise, lack of liquidity shouldn't hold you back. Our solutions can help you keep capital accessible for new ventures or market shifts as they arise while preserving your estate and securing your legacy. This financial agility empowers you to invest with confidence. |
| **Estate equalisation** | Balancing wealth distribution among heirs can be challenging, especially for families with businesses, real estate or varied individual needs. Our estate equalisation strategies thoughtfully address these complexities, providing a fair and equitable inheritance. |
| **Legacy preservation** | Investment assets in your portfolio may be exposed to market risks. Our solutions help you build a resilient legacy that withstands market volatility by diversifying your portfolio and ensuring liquidity upon your passing. |
| **Charitable giving** | For many, giving back is integral to creating a meaningful legacy. Whether you're passionate about a particular cause or wish to support a charity that aligns with your values, incorporating charitable giving into your legacy can leave a lasting and powerful impact. |
---
[p.4]
## How Prestige Legacy Index supports legacy planning
### CURRENT SITUATION AND CONCERN
You have worked hard and accumulated personal wealth of USD 7.5 million. You are looking forward to a comfortable retirement and estimate you'll need USD 7 million to maintain your current lifestyle. However, you find yourself struggling to choose between enjoying the lifestyle you desire and leaving a substantial inheritance for your loved ones.
**You don't have enough to enjoy your retirement.**
OR
**You don't leave enough for your family.**
| You | Your family |
|---|---|
| USD 0.5 million | USD 7 million |
OR
| You | Your family |
|---|---|
| USD 7 million | USD 0.5 million |
**Total assets: USD 7.5 million**
### WITH PRESTIGE LEGACY INDEX⁷
You can purchase a Prestige Legacy Index plan with a sum assured of USD 7 million, choosing the single premium payment option and paying USD 0.5 million upfront. Upon your passing, the plan will provide a USD 7 million insurance payout to your estate. This allows you to fully enjoy your retirement lifestyle, confident that you're leaving a meaningful inheritance for your family.
| You | Your family | Insurance payout for your family |
|---|---|---|
| USD 7 million | USD 0.5 million | USD 7 million |
Purchase Prestige Legacy Index
- Single premium paid: USD 0.5 million
**Total estate: USD 14 million**
---
[p.5]
## How Prestige Legacy Index supports financial flexibility
### CURRENT SITUATION AND CONCERN
You are actively pursuing investment opportunities while planning for retirement and building a lasting estate for your family. To support your ongoing ventures, you aim to maintain financial equity without compromising your long-term goals of a secure retirement and a meaningful legacy.
| Retirement funds | Daughter | Son | Investment funds |
|---|---|---|---|
| USD 3 million | USD 0.5 million | USD 0.5 million | USD 1 million |
**Total assets: USD 5 million**
### WITH PRESTIGE LEGACY INDEX⁷
You can purchase a Prestige Legacy Index plan with a sum assured of USD 1 million and choose the flexible premium payment option to maintain liquidity for your investments, paying USD 10,429 annually for 10 years (total premium payable: USD 104,290). By securing the death benefit, USD 1 million can be left for your children, while the remaining USD 895,710 may be allocated to investments. With a larger investment fund, you can pursue opportunities that may offer higher potential returns.
| Retirement funds | Insurance payout for your daughter | Insurance payout for your son | Investment funds |
|---|---|---|---|
| USD 3 million | USD 0.5 million | USD 0.5 million | USD 1.89 million |
Purchase Prestige Legacy Index
- Annual premium: USD 10,429
- Premium term: 10 years
- Total premiums paid: USD 104,290
**Total estate: USD 5.89 million**
---
[p.6]
## How Prestige Legacy Index supports estate equalisation
### CURRENT SITUATION AND CONCERN
You are the successful owner of a family business with total assets valued at USD 7.5 million, of which USD 7 million is held in your business and USD 0.5 million in cash. You aim to distribute your wealth equally between your two children in the future. However, as your son plans to take over the business valued at USD 7 million, your daughter would only receive the USD 0.5 million in cash, creating an imbalance in their inheritances.
| Cash | Family business |
|---|---|
| USD 0.5 million | USD 7 million |
| Daughter | Son |
|---|---|
**Total assets: USD 7.5 million**
### WITH PRESTIGE LEGACY INDEX⁷
You can create a larger estate to pass on to your children by purchasing a Prestige Legacy Index plan. With a single premium payment of USD 0.5 million, this plan provides a payout of USD 7 million to your estate, increasing its total value to USD 14 million. You can then enjoy peace of mind, knowing both your children will be provided for equally.
| Cash | Family business |
|---|---|
| USD 0.5 million | USD 7 million |
Purchase Prestige Legacy Index
- Single premium paid: USD 0.5 million
| Family business for your son | Insurance payout for your daughter |
|---|---|
| USD 7 million | USD 7 million |
**Total estate: USD 14 million**
---
[p.7]
## How Prestige Legacy Index supports legacy preservation
### CURRENT SITUATION AND CONCERN
You actively trade in the market and are comfortable taking calculated risks when attractive investment opportunities arise. Your portfolio comprises a range of traditional investments, with total assets currently valued at USD 7 million. Due to market exposure, your assets could be adversely impacted during a downturn. For example, a decrease in the value of equities within a portfolio will result in a corresponding reduction in total assets.
| Equities | Bonds | Property | Cash |
|---|---|---|---|
| USD 2 million | USD 1 million | USD 2 million | USD 2 million |
**Your current assets: USD 7 million**
### Assets in a market downturn
| Equities | Bonds | Property | Cash |
|---|---|---|---|
| USD 1 million | USD 1 million | USD 2 million | USD 1.5 million |
**Assets in a market downturn: USD 6 million**
### WITH PRESTIGE LEGACY INDEX⁷
You can establish a stable and resilient estate that withstands market volatility by purchasing a Prestige Legacy Index plan with a sum assured of USD 7 million through a single premium payment of USD 0.5 million. This adds an additional layer of diversification, significantly reducing overall portfolio risk. Even if your investment portfolio experiences a substantial decline, your estate would still hold an estimated total value of USD 12.5 million, providing your family with enhanced liquidity and financial security.
Purchase Prestige Legacy Index
- Single premium paid: USD 0.5 million
| Equities | Bonds | Property | Cash | Insurance payout |
|---|---|---|---|---|
| USD 1 million | USD 1 million | USD 2 million | USD 1.5 million | USD 7 million |
**A stable and diversified portfolio: USD 12.5 million**
---
[p.8]
## How Prestige Legacy Index supports charity giving
### CURRENT SITUATION AND CONCERN
You regularly contribute to your preferred charities and wish to continue supporting them by including charitable giving in your estate planning.
| Charity |
|---|
| USD 0.5 million |
### WITH PRESTIGE LEGACY INDEX⁷
By purchasing a Prestige Legacy Index plan, you can effectively structure charitable gifts through life insurance by naming your preferred charity as the beneficiary. This allows you to maintain full control and ownership of your life insurance policy, with the flexibility to change the beneficiary designation at any time.
This approach enables you to set aside meaningful charitable gifts without reducing the inheritance intended for your family. Additionally, you can make charitable contributions at a discounted cost, as the premiums paid are typically lower than the coverage provided, allowing you to make a lasting impact on the charities you value most.
| Charity | Purchase Prestige Legacy Index | Charity |
|---|---|---|
| USD 0.5 million | Single premium paid: USD 0.5 million | USD 7 million |
**Legacy: USD 7 million**
---
[p.9]
## About Great Eastern
Founded in 1908, Great Eastern is a well-established market leader and trusted brand in Singapore and Malaysia. With over S$117 billion in assets and more than 15.5 million policyholders, including 11.5 million from government schemes, it provides insurance solutions to customers through multiple distribution channels — a tied agency force, bancassurance, direct digital, digital partnerships and financial advisory firm Great Eastern Financial Advisers. The Group also operates in Indonesia and Brunei.
The Great Eastern Life Assurance Company Limited and Great Eastern General Insurance Limited have been assigned the financial strength ratings of "AA" by Fitch Ratings and "AA-" by S&P Global Ratings, one of the highest among Asian life insurance companies. Great Eastern's asset management subsidiary, Lion Global Investors Limited, is one of the leading asset management companies in Southeast Asia.
Great Eastern is a subsidiary of OCBC, the longest established Singapore bank, formed in 1932. It is the second largest financial services group in Southeast Asia by assets and one of the world's most highly-rated banks, with an Aa1 rating from Moody's and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World's Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.
---
[p.10]
## Notes and Disclaimers
¹ Please be aware that if the US Dollar is not your home currency, you will be exposed to foreign exchange volatility risk.
² Based on the illustration of a 40-year-old male, non-smoker, with a standard risk class, residing in Region S, with 100% Index Account premium apportionment and a sum assured of USD 0.5 million for a single premium policy. The actual premium payable varies based on the life assured's age at entry, gender, smoker status, country of residency at inception, underwriting risk class, sum assured, premium apportionment mix and index account apportionment mix.
³ Flexible premiums refer to the planned premium amount payable during the selected premium payment term of 5 or 10 years. The initial planned premium as shown in the policy illustration must be paid before the policy is issued. Subsequent premium payments can be made at any time and with any amount, subject to approval and the amount meeting the minimum premium requirement. Please refer to the policy illustration and product summary for more details.
⁴ For single premium policies, the non-lapse guarantee feature is only applicable for the first 5 policy years provided that no partial withdrawals are made, there is no change to the life assured, there is no reduction in basic sum assured and no policy loan is taken. For flexible premium policies, the non-lapse guarantee feature is only applicable for the first 5 policy years provided that no partial withdrawals are made, there is no change to the life assured, there is no reduction in basic sum assured, no policy loan is taken, and the minimum premium requirement is paid to date during the non-lapse guarantee period.
⁵ The crediting rate for the Index Account(s) is calculated based on the performance of the underlying index, subject to the underlying index's applicable cap rates, applicable participation rates and a 0% p.a. floor rate, plus a loyalty crediting rate (if any). Please refer to the policy illustration and product summary for more details.
⁶ Applicable from the 3rd policy year onwards. For single premium policies, this is only allowed when there is no premium financing. Acceptance of the new life assured is subject to underwriting. Other terms and conditions apply.
⁷ All figures are illustrated based on a 40-year-old male, non-smoker, with a standard risk class, residing in Region S, with 100% Index Account premium apportionment. Numbers are purely illustrative and not an indication of actual premiums. The actual premium payable varies based on the life assured's age at entry, gender, smoker status, country of residency at inception, underwriting risk class, sum assured, premium apportionment mix and index account apportionment mix.
To learn more about the change of premium apportionment, account reallocation feature, partial withdrawal, surrender charges and the terms and conditions, please refer to the product summary for more details.
### General Notes
- All ages specified refer to age last birthday.
- All figures used are for illustrative purposes only and are subject to rounding.
- This advertisement has not been reviewed by the Monetary Authority of Singapore.
- The above is for general information only. It is not a contract of insurance or a recommendation to buy an insurance product or service. This document does not take into account the specific investment and protection aims, financial situation or particular needs of any particular person. You may wish to seek advice from a financial adviser before making a commitment to purchase this product. If you choose not to seek advice from a financial adviser, you should consider whether this product is suitable for you.
- The precise terms and conditions of this insurance plan are specified in the policy contract. If you are interested in the insurance product, you should read the product summary and policy illustration (available from us) before deciding whether to buy this product.
- 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.
- In case of discrepancy between the English and the Chinese versions, the English version shall prevail.
- Protected up to specified limits by SDIC.
- Information correct as at 21 November 2025.
**Document Reference:** PLI/Ver5.0/202511
---
[p.11]
## Reach for Great
The Great Eastern Life Assurance Company Limited
1 Pickering Street
#01-01 Great Eastern Centre
Singapore 048659
Reg No.1908.00011G
greateasternlife.com
---
### https://lifeinsurance.com.sg/api/product/great-eastern/prestige-life-gold-4/summary.md
# Prestige
Life Gold 4 (SGD/USD)
**Insurer:** Great Eastern (The Great Eastern Life Assurance Company Limited)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/190800011G/PS(EN)_Prestige%20Life%20Gold%204(SGD)_(SG)_v5.0.pdf
## Source wording
- **Effective from:** (not stated in document)
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/190800011G/PS(EN)_Prestige%20Life%20Gold%204(SGD)_(SG)_v5.0.pdf
- **PDF sha256:** `7a47f4248e04652b471a6a8e4af888988512e2ec0c9916d9118283337f692760`
- **Extraction confidence:** verified
## Extracted facts
### free look
```json
{
"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
```json
[
{
"text": "We will not pay any benefit for death due to: suicide while sane or insane within 12 months from the date we issue the policy or from the date of reinstatement (if applicable) of the policy.",
"source_page": 4
},
{
"text": "We will not pay any benefit [for terminal illness benefit] if the life assured has Human Immunodeficiency Virus (HIV) infection.",
"source_page": 4
}
]
```
### mwpa trust
```json
{
"available": false
}
```
### cash values
```json
{
"has_cash_value": true,
"non_guaranteed_bonus": {
"text": "The future bonuses which have yet to be declared are not guaranteed and are dependent on the performance of the participating fund. We will decide the level of bonus to be declared each year as approved by the board of directors, taking into account the written recommendation by the appointed actuary.",
"available": true,
"bonus_types": [
"reversionary",
"terminal"
],
"source_page": 5,
"par_fund_name": "Great Eastern Life Participating Fund"
},
"guaranteed_surrender_value": {
"basis": "When the single premium has been paid, we will pay the surrender value when you surrender your policy. Please see the table of deductions in the policy illustration for the possible cost of surrendering the plan early.",
"available": true,
"source_page": 3
}
}
```
### policy loan
```json
{
"available": false
}
```
### product type
```json
"whole-life"
```
### underwriting
```json
{
"source_page": 9,
"pre_existing_treatment": "We may reject your claim if the life assured has a pre-existing condition and: has not declared it in the proposal form as required for a new policy (if applicable); or has not declared it in the reinstatement form as required for a reinstatement (if applicable); or has not declared it in the application form as required for an increase in the sum assured (if applicable)."
}
```
### policy basics
```json
{
"maximum_entry_age": {
"basis": "age-next-birthday",
"years": 75,
"source_page": 2
},
"minimum_entry_age": {
"basis": "age-next-birthday",
"years": 1,
"source_page": 2
},
"maximum_coverage_age": "whole-of-life"
}
```
### premium terms
```json
{
"payment_modes": [
"single"
],
"premium_term_options": [
{
"label": "Single Premium",
"description": "Whole Life Multiplier 4 (SGD) is a single premium whole of life plan.",
"source_page": 1
}
],
"premium_review_clause": {
"text": "Change of premium rates is not applicable to this plan as it is a single premium policy.",
"reviewable": false,
"source_page": 5
}
}
```
### suicide clause
```json
{
"source_page": 4,
"payout_within_period": "We will refund the premiums received, less any withdrawals made: (a) to the assignee if the policy has been assigned; or (b) to you or your legal personal representative if the policy has not been assigned, and the policy will then end.",
"exclusion_period_months": 12
}
```
### document metadata
```json
{
"wording_version": "PS Version 5.0",
"product_full_name": "Prestige Life Gold 4 (SGD) (also known as Whole Life Multiplier 4 (SGD) & Protect Booster 4 (SGD))",
"insurer_legal_entity": "The Great Eastern Life Assurance Company Limited (Registration No. 1908 00011G)"
}
```
### terminal illness benefit
```json
{
"available": true,
"source_page": 3,
"acceleration_percent": 100,
"qualifying_definition": "an illness that is expected to result in the life assured's death within 12 months. We require this diagnosis to be supported by a registered medical practitioner and when we require, to be confirmed by our appointed doctor."
}
```
---
*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.*
---
### https://lifeinsurance.com.sg/api/product/great-eastern/prestige-life-gold-4/wording.md
# Product Summary
## Whole Life Multiplier 4 (SGD)
## & Protect Booster 4 (SGD)
## (also known as Prestige Life Gold 4 (SGD))
Please keep this copy for reference.
The Great Eastern Life Assurance Company Limited (Registration No. 1908 00011G)
PS Version 5.0 (Errors and Omissions Excepted)
1 Pickering Street #01-01, Great Eastern Centre, Singapore 048659
Website: www.greateasternlife.com
[p.1]
---
## About your plan
Whole Life Multiplier 4 (SGD), together with a compulsory Protect Booster 4 (SGD) rider, provides whole of life financial protection against death and terminal illness with a multiplier benefit on your coverage before the policy anniversary on which the life assured's age next birthday is equal to the multiplier expiry age.
Whole Life Multiplier 4 (SGD) (referred to as "Basic Plan" in this Product Summary) is a single premium whole of life plan that allows you to participate in the performance of the participating fund in the form of bonuses that are not guaranteed.
Protect Booster 4 (SGD) (referred to as "Rider" in this Product Summary) is a single premium non-participating term rider which ensures that the total death benefit and terminal illness benefit, subject to the terminal illness benefit limit, is at least the multiplier benefit before the policy anniversary on which the life assured's age next birthday is equal to the multiplier expiry age. If you choose to cancel the Rider, this policy will be terminated.
This Product Summary describes both Whole Life Multiplier 4 (SGD) and Protect Booster 4 (SGD), referred to collectively as the "policy".
The objective of the plan is to provide insurance protection together with stable medium- to long-term returns using a combination of guaranteed benefits and non-guaranteed bonuses.
## The provider of your plan
Whole Life Multiplier 4 (SGD) and Protect Booster 4 (SGD) are provided by The Great Eastern Life Assurance Company Limited, at 1 Pickering Street, #01-01, Great Eastern Centre, Singapore 048659.
The Great Eastern Life Assurance Company Limited is a wholly owned subsidiary of Great Eastern Holdings Limited and a member of the OCBC Group.
---
## Benefits
### Death benefit
We will pay the following if the life assured dies before the policy anniversary on which the life assured's age next birthday is equal to the multiplier expiry age:
(a) the multiplier benefit;
(b) the basic sum assured plus bonuses; or
(c) the surrender value,
whichever is highest.
We will pay the following if the life assured dies on or after the policy anniversary on which the life assured's age next birthday is equal to the multiplier expiry age:
(a) the basic sum assured plus bonuses; or
(b) the surrender value,
whichever is higher.
In cases where the multiplier benefit is to be paid for a claim under this policy, such amount to be paid is inclusive of all bonuses that have been declared (if any). Hence, no bonuses will be paid in addition to the multiplier benefit.
### Multiplier Benefit
The multiplier benefit is M times of the basic sum assured. The Factor M is dependent on the life assured's age next birthday at entry, as shown in the table below:
| Age next birthday at entry | Factor M | Age next birthday at entry | Factor M | Age next birthday at entry | Factor M |
|---|---|---|---|---|---|
| 1 - 31 | 3.15 | 46 | 2.40 | 61 | 1.65 |
| 32 | 3.10 | 47 | 2.35 | 62 | 1.60 |
| 33 | 3.05 | 48 | 2.30 | 63 | 1.55 |
| 34 | 3.00 | 49 | 2.25 | 64 | 1.50 |
| 35 | 2.95 | 50 | 2.20 | 65 | 1.45 |
| 36 | 2.90 | 51 | 2.15 | 66 | 1.40 |
| 37 | 2.85 | 52 | 2.10 | 67 | 1.35 |
| 38 | 2.80 | 53 | 2.05 | 68 | 1.30 |
| 39 | 2.75 | 54 | 2.00 | 69 | 1.25 |
| 40 | 2.70 | 55 | 1.95 | 70 | 1.20 |
| 41 | 2.65 | 56 | 1.90 | 71 - 75 | 1.15 |
| 42 | 2.60 | 57 | 1.85 | - | - |
| 43 | 2.55 | 58 | 1.80 | - | - |
| 44 | 2.50 | 59 | 1.75 | - | - |
| 45 | 2.45 | 60 | 1.70 | - | - |
### Multiplier Expiry Age
The multiplier expiry age is age 85 next birthday and may be extended to age 100 next birthday if the multiplier extender is exercised.
[p.2]
### Terminal illness benefit
We will pay the death benefit in one lump sum on a definite diagnosis of an illness that is expected to result in the life assured's death within 12 months.
We require this diagnosis to be supported by a registered medical practitioner and when we require, to be confirmed by our appointed doctor.
We will pay a maximum of $7,500,000 (based on absolute dollar value, regardless of currency) in terminal illness benefit for all series of policies with any attaching riders under the plan name "Whole Life Multiplier" (also known as PremierLife Legacy or Prestige Life Gold) that we have issued on the same life assured. If the death benefit is not fully paid due to the limit, this policy will not terminate and the policy values will be reduced accordingly. The policy will remain in force with the reduced policy values.
**Example 1:**
| | Death Benefit |
|---|---|
| First policy bought in SGD | S$5M |
| Second policy bought in SGD | S$5M |
| In the event of a TI claim, total payout is | S$5M + S$2.5M |
**Example 2:**
| | Death Benefit |
|---|---|
| First policy bought in SGD | S$5M |
| Second policy bought in other currency besides SGD | $5M |
| In the event of a TI claim, total payout is | S$5M + $2.5M |
---
## Policy Values, Flexible Options, Limitations & Premiums
### Surrender value
When the single premium has been paid, we will pay the surrender value when you surrender your policy.
### What is the effect of early surrender?
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.
Please see the table of deductions in the policy illustration for the possible cost of surrendering the plan early.
### Change of life assured
You may request for a change in the life assured any time after the 1st policy anniversary.
Where the policyholder of this policy is a corporation, the policyholder may request to change the life assured under this policy, without any limit on the number of changes to the insured person that can be made while this policy is in force. Where the policyholder is not a corporation, only 2 changes of the life assured are allowed, while this policy is in force. Any change of life assured is subject to the following terms and conditions:
(a) policy has been in force for at least 1 year from the commencement date; and
(b) policy is single premium and non-premium financed; and
(c) acceptance of the new life assured will depend on our acceptance and the insurability of the new life assured; and
(d) an administrative charge may be levied each time a change of life assured is made; and
(e) the new premium(s) will be based on the new life assured's age at entry, country of residence, gender, smoker status and underwriting class as at the date of change of the life assured; and
(f) the option can only be exercised if there are no previously approved claims and no current application(s) for a claim under this policy, its Rider or other attaching riders (if any).
For the avoidance of doubt, the time period for 'Free Look', "indisputability" and 'Suicide' shall restart from the date of issue of the new policy.
[p.3]
### Multiplier Extender
For a limited period of time during every 3rd policy anniversary from the date of commencement, you have the option to extend the multiplier expiry age from age 85 next birthday to age 100 next birthday.
You may exercise the multiplier extender before the life assured is age 70 next birthday, and if there are no previously approved claims and no current application(s)for a claim under this policy and all other policies and riders we have issued on the same life assured.
The multiplier benefit amount will not change if the multiplier extender is exercised.
The multiplier extender must be exercised within 30 days from the date of every 3rd policy anniversary from the date of commencement of your policy.
The multiplier extender can only be exercised once.
You will incur the multiplier extender cost starting from the policy anniversary on which the life assured is 85 age next birthday to the policy anniversary on which the life assured is 100 age next birthday when:
(i) the multiplier extender is exercised; and
(ii) the basic sum assured plus bonuses is below the value of the multiplier benefit.
The multiplier extender cost will be accumulated as cost of insurance to the policy and as sums owed to us.
You are advised to read the policy contract for all the conditions.
### When will you not receive the benefits of this plan?
#### Exclusions
There are certain conditions whereby the benefits under this policy will not be payable. These conditions are stated in the policy contract.
You are advised to read the policy contract for all the conditions.
#### Death benefit
We will not pay any benefit for death due to:
• suicide while sane or insane
within 12 months from the date we issue the policy or from the date of reinstatement (if applicable) of the policy.
We will refund the premiums received, less any withdrawals made:
(a) to the assignee if the policy has been assigned; or
(b) to you or your legal personal representative if the policy has not been assigned,
and the policy will then end.
#### Terminal illness benefit
We will not pay any benefit if the life assured has Human Immunodeficiency Virus (HIV) infection.
---
## Will we change your premium rates for this plan?
Change of premium rates is not applicable to this plan as it is a single premium policy.
---
## Bonuses
### Types of bonuses
This plan provides both guaranteed and non-guaranteed benefits. The guaranteed benefits, including bonuses which have already been declared, will be paid no matter how the participating fund performs. Non-guaranteed benefits are in the form of future bonuses.
The future bonuses which have yet to be declared are not guaranteed and are dependent on the performance of the participating fund. We will decide the level of bonus to be declared each year as approved by the board of directors, taking into account the written recommendation by the appointed actuary.
There are two main types of bonuses for this plan – reversionary bonus and terminal bonus.
### Reversionary bonus
This bonus (if any) is usually declared on a yearly basis. Once declared, it will form part of the guaranteed benefit of the policy. However, it can only be added to your policy benefits after 1 full policy year or otherwise as decided by us.
The illustrated reversionary bonus rates of the plan are as follows:
| End of each Policy Year | Reversionary Bonus (RB) based on Illustrated Investment Rate of Return of 4.25% p.a. | Reversionary Bonus (RB) based on Illustrated Investment Rate of Return of 3.00% p.a. |
|---|---|---|
| Year 1 to Year 20 | S$3.00 per S$1,000 basic sum assured and compounding at 0.3% on reversionary bonuses already declared and allocated | S$1.85 per S$1,000 basic sum assured and compounding at 0.2% on reversionary bonuses already declared and allocated |
| Year 21 onwards | S$3.00 per S$1,000 basic sum assured and compounding at 0.0% on reversionary bonuses already declared and allocated | S$1.85 per S$1,000 basic sum assured and compounding at 0.0% on reversionary bonuses already declared and allocated |
The two illustrated Investment Rates of Returns are used purely for illustrative purposes and do not represent upper and lower limits of the investment performance of the Participating Fund.
### Terminal bonus
The terminal bonus (if any) is payable upon surrender of the policy or upon a claim under the policy.
We usually review the terminal bonus yearly.
[p.5]
---
## How are the assets being invested and managed?
We will combine your premium(s), along with those of other participating policies, in one pool of assets in the participating fund.
The participating fund aims to achieve the illustrated investment rate of return while controlling risks by actively managing a mix of asset classes. We practise diversification by investing mainly in equities, fixed income and alternative asset classes.
We balance risk and return by strategically allocating across asset classes to generate the long-term returns. Asset classes invested in the Participating fund are exposed to Market Risk, Credit Risk and Liquidity Risk.
Interest rate derivatives such as interest rate swaps and treasury bond futures are used for asset-liability management via reducing the asset-liability duration gap. These derivatives are generally exposed to Interest Rate Risk, Basis Risk, and Liquidity Risk.
While we partly manage the assets of the participating fund, we have appointed Lion Global Investors Limited to mainly manage the assets.
The participating fund manager:
Lion Global Investors Limited
65 Chulia Street, OCBC Centre #18-01, Singapore 049513
The strategic asset allocation for the year 2025 and actual investment mix of the participating fund as at 31 Dec 2024 are as follows:
| Asset class | Strategic allocation | Actual allocation |
|---|---|---|
| Equities | 29% | 25% |
| Bonds | 58% | 62% |
| Properties | 7% | 7% |
| Loans | 5% | 5% |
| Cash and equivalent | 1% | 1% |
| Others | 0% | 0% |
| Total assets | 100% | 100% |
### 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 | Average of last 3 years | Average of last 5 years | Average of last 10 years |
|---|---|---|---|---|---|---|
| Investment returns | -7.91% | 6.37% | 4.26% | 0.71% | 2.39% | 3.68% |
Please note that past performance may not be indicative of future performance.
[p.6]
---
## 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 | Average of last 3 years | Average of last 5 years | Average of last 10 years |
|---|---|---|---|---|---|---|
| Total expense ratio | 1.74% | 1.44% | 1.35% | 1.49% | 1.54% | 1.61% |
Please note that past expense ratios may not be indicative of actual expenses that may be incurred in the future.
---
## What are the risks that affect the level of bonuses?
The level of the bonuses depends on the current performance, the future outlook and the financial soundness of the participating fund. The main sources of risks affecting the performance of the participating fund include:
• investment returns;
• expenses incurred or allocated to the participating fund;
• the amount of death and sickness claims paid out on policies in the participating fund; and
• the number of surrendered policies in the participating fund.
---
## How are risks shared?
The risks arising from investment and surrendered policies are pooled and shared by all policies in the participating fund. Other risks may be shared among products that have the same features. Examples of these risks include expense risks, risks of people dying and the risks of people suffering from a disability or illness.
In deciding on the level of bonuses that we can pay, the values of the assets available to back the plan is calculated by accumulating the premiums paid at the actual rate of investment return less the expenses incurred, the cost of insurance, commission paid and other costs that may be incurred in managing the participating fund.
---
## How are bonuses smoothed over time?
We smooth bonuses to make sure we can provide a stable medium- to long-term return on your Basic Plan. As a result, we may retain bonuses in good years to support the bonus in years when experience is less favourable. However, the effect of smoothing is intended to be neutral over time and across generations of policyholders.
### Reversionary bonus
Our bonus distribution policy is to keep the reversionary bonus at a level that we expect that it can be supported over the medium- to long-term. Thus, while we review the reversionary bonus yearly, we do not expect it to rise and fall much from year to year. Nevertheless, there may be significant adjustments under exceptional circumstances.
The reversionary bonus rates declared over the past 3 years (or shorter if the plan was launched later) are consistent with those illustrated using an Investment Rate of Return of 4.25% per annum as shown in the policy illustration and/or in the 'Bonuses' section of this product summary.
[p.7]
### Terminal bonus
We usually review the terminal bonus yearly. In exceptional circumstances, the review may be more frequent. The terminal bonus is more likely to change from year to year but our policy is to limit the yearly variation so that, under normal circumstances, the payout will not rise and fall too much over the short term.
The terminal bonus rates declared over the past 3 years (or shorter if the plan was launched later) are consistent with those illustrated using an Investment Rate of Return of 4.25% per annum as shown in the policy illustration and/or in the 'Bonuses' section of this product summary.
Please note that past performance may not be indicative of future performance.
---
## How will you be updated on the performance of your policy?
You will receive an annual bonus update that will include the following:
• the performance of the participating fund and its future outlook, which you should receive around the second quarter of each year after bonus is declared for your policy; and
• an annual statement regarding bonuses for your policy, which you should receive around the second quarter of each year after bonus is declared for your policy. For policies with Cash Bonus, you should receive the relevant statement within one month from your policy anniversary only when the Cash Bonus is due.
Please refer to the 'Bonuses' section to see the type of bonus(es) applicable to your policy.
When there is a change in the rate of bonuses declared, you can ask us for an update of the illustrated values.
---
## Fees and charges (under your Basic Plan)
The Basic Plan shares in the experience of the participating fund. This means that all expenses and charges relating to operating and managing the participating fund, as well as all sales related expenses, can be charged to the Basic Plan according to the risk-sharing rules described earlier.
Examples of these expenses include:
• commission fees paid to agents or intermediaries;
• investment fees paid to fund managers for providing investment management services to the participating fund;
• costs for mortality (death), morbidity (sickness), ending policies;
• management fees
Please see the table of deductions in the policy illustration for more information.
Please note that we have included fees and charges when working out the premium and you will not be separately charged for these.
---
## Conflict of interest
The board of directors is responsible for the interests of all stakeholders, including our participating fund policyholders. We have put in place internal controls in the following areas where there could be conflicts of interest:
• Expenses allocated to the participating fund out of the total expenses incurred by us.
• The investment strategy of the participating fund.
These controls are in place to make sure that we manage any conflicts of interest so that the effect on the participating fund policyholders' benefit in total is minimal.
---
## Related-party transactions
Our main manager of the participating fund, Lion Global Investors Limited, is a 'related party'. All transactions with the related party will be approved by the relevant internal committee to make sure that transactions are done at arm's length.
[p.8]
---
## Risks of this plan
### What happens if you surrender the policy early?
If you surrender your policy after the free-look period, you may lose part or all of the premiums paid. This is because the surrender value, if any, that is payable to you may be zero or less than the total premiums paid.
Buying a new policy may mean we need to reassess the life assured's health and circumstances and may result in higher premiums and/or benefit exclusions due to the age and health status.
### What is the worst case scenario if you surrender your policy early?
There will be no protection if you surrender your policy early and you will also lose part or all of your premiums. The illustrated amount you will receive is reflected in the surrender value column in the policy illustration.
### What happens if your policy lapses?
There will be no protection if your policy lapses.
### What are the risks that we will refuse your claim?
The claim must meet the definitions of the events as shown in the contract before we can approve a claim and these events must not fall under the list of exclusions.
We may reject your claim if the life assured has a pre-existing condition and:
• has not declared it in the proposal form as required for a new policy (if applicable); or
• has not declared it in the reinstatement form as required for a reinstatement (if applicable); or
• has not declared it in the application form as required for an increase in the sum assured (if applicable).
You are advised to read the contract for the exact definitions, terms and conditions and full list of exclusions.
### What are some of the risks of a participating single premium whole-life plan?
The Basic Plan provides guaranteed and non-guaranteed benefits. We will pay the guaranteed benefits no matter how the participating fund performs. Non-guaranteed benefits do depend on the performance of the participating fund.
[p.9]
### Will you receive the bonuses if you surrender your policy?
You will receive the surrender value of declared bonuses and the terminal bonus (if applicable) when you surrender your policy.
### What are some of the risks involved in premium financing (if applicable)?
If you pay your policy's premium using a bank loan, the following will apply.
(a) As the policy is assigned (legally transferred) to the bank, you will not own rights on the policy, including but not limited to the surrender value.
(b) You will pay interest, the cancellation fee and charges relating to the bank loan, until you have paid off the outstanding loan in full. This applies even if you decide to cancel your policy during the free-look period.
We do not provide the premium financing facility for the policy.
---
## When will your policy be terminated?
Your policy will terminate on the earliest of the following events:
(a) when the life assured dies;
(b) when the life assured is diagnosed with a terminal illness and the death benefit is fully paid out due to a terminal illness benefit claim;
(c) when the Basic Plan lapses, is surrendered or otherwise terminated; or
(d) when the Rider is terminated (other than termination due to expiry of the Rider).
The Rider will terminate on the earliest of the following events:
(a) when the life assured dies;
(b) when the life assured is diagnosed with a terminal illness and the death benefit is fully paid out due to a terminal illness benefit claim;
(c) when the Basic Plan lapses, is surrendered or is otherwise terminated; or
(d) on the expiry date of the Rider as set out in the Schedule of Supplementary Benefits.
You are advised to read the policy contract for the detailed terms and conditions.
---
## What happens if you have outstanding debts?
We will first use any amount payable under the policy to deduct any debt before the balance amount is paid.
---
## What is the free-look period?
After purchasing a life insurance policy, you have a 14-day free-look period starting from the day you receive your policy documents to review the documents carefully. During this time, if you choose to cancel your 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.
If your policy document is sent by post, we will assume it has been delivered and received 7 days after the date of posting.
[p.10]
---
## 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 Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg or www.sdic.org.sg).
---
## General information
This product summary is for general information only. It is not a contract of insurance. The precise terms and conditions of this insurance plan are shown in the policy contract.
You are responsible for the accuracy and completeness of the information given to us:
(i) in any application for the policy; and
(ii) when making any claim under the policy.
You can contact your financial representative for details on the procedures for withdrawing, surrendering or making claims under your policy. You may also visit Great Eastern's website for information on how to make a claim.
You may also refer to our website for a copy of "Your Guide to Participating Policies" or ask us for a hardcopy.
This document may be translated into Chinese. If there is any difference between the English and Chinese versions, the English version will apply.
[p.11]
---
### https://lifeinsurance.com.sg/api/product/income/astralink/summary.md
# AstraLink
**Insurer:** Income Insurance (Income Insurance Limited)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/202135698W/VA2_Summary.pdf
## Source wording
- **Effective from:** (not stated in document)
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/202135698W/VA2_Summary.pdf
- **PDF sha256:** `fbc8b140725f4766811f53dcd400fe054dca6df0ba5ae92f693dda5b68d6b504`
- **Extraction confidence:** verified
## Extracted facts
### claims
```json
{
"source_page": 6,
"direct_settlement": true,
"documents_required": [
"adequate evidence required by Income Insurance"
],
"typical_processing_days_max": 7,
"typical_processing_days_min": 7
}
```
### riders
```json
[
{
"name": "Critical Protect (ILP)",
"rider_type": "critical-illness",
"description": "A unit deducting rider that can be attached to AstraLink. If taken up, an enhanced investment bonus applies based on Table 2 (percentage of regular premiums paid in the first 12 months, varying by sum assured multiple and MIP). The rider's sum assured changes correspondingly with changes to the basic policy's regular premium or sum assured.",
"source_page": 2,
"available_at_inception": true,
"available_after_inception": true
}
]
```
### free look
```json
{
"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
```json
[
{
"text": "Death Benefit: The cash-in value at the time we are told about the claim will be paid if the insured commits suicide within one year from the cover start date.",
"source_page": 5
},
{
"text": "Terminal Illness (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": 5
},
{
"text": "Total and Permanent Disability (TPD) 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. Under the definition of total and permanent disability (TPD), if the insured is under 65 years old, he or she must be unable to carry out any occupation or there is total physical loss. The policy does not pay if the insured is merely unable to perform the same job as before, or is unable to perform a job to which his or her training, education or experience is suited for. If the insured becomes totally and permanently disabled when the insured is 65 years old and above, the insured must be suffering from a severe disability or total physical loss. Otherwise, we will not pay the benefit. The policy also does not pay this benefit unless the insured is certified by a registered medical practitioner to have been totally and permanently disabled for at least six months in a row. The aggregate TPD and accidental TPD benefit payable on a single life, inclusive of all policies issued by Income Insurance and by any other insurer cannot be more than S$6.5 million (not including bonuses).",
"source_page": 5
},
{
"text": "Accidental Death and Accidental TPD Benefit is not payable unless death or TPD happens within 365 days of the accident. The benefit is also not payable if accidental death or accidental TPD is caused directly or indirectly by: deliberate acts such as self-inflicted injuries, suicide or attempted suicide; unlawful acts, provoked assault or deliberate exposure to danger; the effects of alcohol, drugs or any dependence; illnesses, psychological conditions or eating disorders; heat stroke; a bad reaction to drugs or medication; the effects of viruses (for example, dengue), bacteria or diseases; the negative effects or complications of medical and surgical care; treatment aimed at improving appearance, such as cosmetic surgery or any treatment relating to a previous cosmetic treatment; radiation or contamination from radioactivity; being in any aircraft, except as a fare-paying passenger in a commercial aircraft or during military operations in peacetime; military, air force or naval operations, except when carried out in peacetime; warlike operations (whether war is declared or not), war, invasion, riot, or any similar event; an accident which happens outside of Singapore, if the insured has been outside Singapore for more than 180 days in a row at the time of the accident; or an act of terrorism. However, we will pay $10,000 or 10% of the sum assured, whichever is lower, on top of the amount we pay for death or TPD benefit.",
"source_page": 5
},
{
"text": "Other Condition: 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": 5
}
]
```
### cash values
```json
{
"has_cash_value": true,
"non_guaranteed_bonus": {
"text": "Investment bonus: based on a percentage of the regular premiums paid in the first 12 months (varies by sum assured multiple and MIP). Loyalty bonus: starting from the 10th anniversary, an annual loyalty bonus (percentage of the policy value) will be provided on the next working day from the anniversary. Both bonuses are used to buy additional units in the ILP sub-funds chosen.",
"available": true,
"bonus_types": [
"other"
],
"source_page": 2
},
"guaranteed_surrender_value": {
"basis": "Cash-in value is the policy value after deduction of applicable surrender charge (percentage of policy value withdrawn, as per Appendix 2 table). If the policy cash-in value after surrender charge is zero or less, there will be no benefit payout and the policy will end.",
"available": false,
"source_page": 4
}
}
```
### grace period
```json
{
"days": 30,
"source_page": 6
}
```
### product type
```json
"investment-linked"
```
### policy basics
```json
{
"minimum_sum_assured": {
"amount": "based on applicable sum assured multiple and minimum regular premium",
"currency": "SGD",
"source_page": 3
},
"maximum_policy_term_years": "25 (maximum MIP of 25 years)",
"minimum_policy_term_years": "10 (minimum MIP of 10 years)"
}
```
### premium terms
```json
{
"cpf_eligible": {
"srs": false,
"notes": "This plan can be paid only with cash.",
"source_page": 2,
"special_account": false,
"ordinary_account": false
},
"payment_modes": [
"annual",
"semi-annual",
"quarterly",
"monthly"
],
"minimum_premium": {
"amount": 100,
"currency": "SGD",
"source_page": 4
},
"premium_term_options": [
{
"label": "MIP 10 years",
"description": "Minimum Investment Period of 10 years during which certain charges may apply",
"source_page": 1
},
{
"label": "MIP 15 years",
"description": "Minimum Investment Period of 15 years during which certain charges may apply",
"source_page": 1
},
{
"label": "MIP 20 years",
"description": "Minimum Investment Period of 20 years during which certain charges may apply",
"source_page": 1
},
{
"label": "MIP 25 years",
"description": "Minimum Investment Period of 25 years during which certain charges may apply",
"source_page": 1
}
]
}
```
### reinstatement
```json
{
"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 term 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
```json
{
"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.",
"available": false
}
}
```
### suicide clause
```json
{
"source_page": 5,
"payout_within_period": "The cash-in value at the time we are told about the claim will be paid if the insured commits suicide within one year from the cover start date.",
"exclusion_period_months": 12
}
```
### document metadata
```json
{
"wording_version": "Version 1.26",
"product_full_name": "AstraLink (VA2)",
"insurer_legal_entity": "Income Insurance Limited"
}
```
### terminal illness benefit
```json
{
"available": true,
"source_page": 3,
"acceleration_percent": 100,
"qualifying_definition": "Upon death, TI or TPD of the insured during the term of the policy, the following will be paid: the basic benefit at the claim event date, or the policy value at the time we are told about the claim; whichever is higher. Please refer to the policy contract for the exact terms and definitions of TI and TPD."
}
```
---
*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.*
---
### https://lifeinsurance.com.sg/api/product/income/astralink/wording.md
# AstraLink (VA2)
Version 1.26
## 1. POLICY DESCRIPTION
AstraLink is a whole life regular-premium investment-linked plan (ILP) that provides both investment opportunity and protection coverage against death, terminal illness, total and permanent disability (TPD), accidental death and accidental TPD.
The plan also offers additional flexibility such as retirement option, guaranteed insurability option and partial withdrawals.
You may choose a Minimum Investment Period (MIP) of 10 years, 15 years, 20 years or 25 years. MIP refers to the period you have chosen during which certain charges may apply. During the MIP, charges such as Premium Holiday Charge, Partial Withdrawal Charge and Surrender Charge, may apply. The MIP cannot be changed.
It offers a minimum protection value (MPV) of 300% of the sum assured. MPV means a percentage of the sum assured shown in the policy schedule. The MPV cannot be changed.
The percentage of the regular premiums to buy units in the ILP sub-funds chosen will start from 100%. This plan may provide investment bonus and/or loyalty bonus.
As the ILP will require an individual's considerations including but not limited to investment horizons, premium affordability and risk appetite, you should evaluate the plan is in line with your financial needs before the purchase.
## 2. Investing Your Money
You can choose to invest your regular premium in any chosen ILP sub-funds offered under AstraLink on a monthly, quarterly, half-yearly or yearly basis. In addition to the regular premium, you can choose to make single top-ups or recurring top-ups.
This plan can be paid only with cash.
Your premiums are used to purchase units under the ILP sub-funds that you have chosen to invest in. More details can be found under Section 8 "Subscription of Units".
### 2.1 Regular Premium
There is a percentage of your regular premium that we use to buy units (at the bid price) in the ILP sub-funds you choose. This percentage varies based on the MIP and number of months that regular premiums have been paid as shown below.
| Minimum Investment Period (MIP) | Monthly regular premium (or its equivalent for other payment frequency) | Percentage of regular premium to buy units |
|---|---|---|
| 10 years | 1st – 120th | 100% |
| | 121st onwards | 105% |
| 15 years | 1st – 180th | 100% |
| | 181st onwards | 105% |
| 20 years | 1st – 240th | 100% |
| | 241st onwards | 105% |
| 25 years | 1st – 300th | 100% |
| | 301st onwards | 105% |
We may change the percentage of regular premium to buy units in the ILP sub-funds you chose by giving you notice. This percentage will not be less than 100%.
### 2.2 Investment Bonus
We will provide an investment bonus based on a percentage of the regular premiums paid in the first 12 months as shown in the Table 1. The investment bonus will be used to buy additional units in the ILP sub-funds chosen.
The investment bonus does not apply for sum assured multiple below 10x.
**Table 1**
| Sum Assured Multiple (Basic policy only) | Minimum Investment Period (MIP) |||||||||
|---|---|---|---|---|---|---|---|---|
| | 10 years |||||15 years |||||20 years |||||25 years |
| | Min $1,200 | Min $9,600 | Min $1,200 | Min $9,600 | Min $1,200 | Min $9,600 | Min $1,200 | Min $9,600 |
| 10x onwards | 7.0% | 15.0% | 7.0% | 15.0% | 7.0% | 15.0% | 7.0% | 15.0% |
| 20x onwards | 11.0% | 19.0% | 26.0% | 34.0% | 40.0% | 50.0% | 42.0% | 52.0% |
| 30x onwards | 15.0% | 23.0% | 30.0% | 38.0% | 44.0% | 54.0% | 46.0% | 56.0% |
| 40x onwards | 19.0% | 27.0% | 34.0% | 42.0% | 48.0% | 58.0% | 50.0% | 60.0% |
| 50x onwards | 23.0% | 31.0% | 38.0% | 46.0% | 52.0% | 65.0% | 54.0% | 67.0% |
If the unit deducting rider Critical Protect (ILP) is taken up with this policy, we will provide an investment bonus based on a percentage of the regular premiums paid in the first 12 months as shown in Table 2.
**Table 2**
| Sum Assured Multiple (Basic policy with Critical Protect (ILP) rider) | Minimum Investment Period (MIP) |||||||||
|---|---|---|---|---|---|---|---|---|
| | 10 years |||||15 years |||||20 years |||||25 years |
| | Min $1,200 | Min $9,600 | Min $1,200 | Min $9,600 | Min $1,200 | Min $9,600 | Min $1,200 | Min $9,600 |
| 10x onwards | 8.4% | 18.0% | 8.4% | 18.0% | 8.4% | 18.0% | 8.4% | 18.0% |
| 20x onwards | 13.2% | 22.8% | 31.2% | 40.8% | 48.0% | 60.0% | 50.4% | 62.4% |
| 30x onwards | 18.0% | 27.6% | 36.0% | 45.6% | 52.8% | 64.8% | 55.2% | 67.2% |
Sum assured multiple means the factor we use to work out your sum assured for your basic policy, or for a specific rider that you attach to your basic policy, based on your regular premium when we issue the policy. The sum assured multiple cannot be changed unless the retirement option is exercised.
**Example** – For a policy with sum assured of $100,000 and annual regular premium of $5,000
The applicable sum assured multiple will be 20x of the regular premium.
[p.2]
### 2.3 Loyalty Bonus
Starting from the 10th anniversary, an annual loyalty bonus shown in table below will be provided on the next working day from the anniversary. The loyalty bonus is a percentage of the policy value based on the anniversary. It will be used to invest in the ILP sub-funds chosen.
| MIP | Loyalty Bonus from 10th policy anniversary until the end of the MIP | Loyalty Bonus after the end of MIP |
|---|---|---|
| 10 years | | 0.3% |
| 15 years | 0.2% | 0.6% |
| 20 years | 0.3% | 0.9% |
| 25 years | 0.4% | 1.0% |
The policy must meet all the following conditions to receive the loyalty bonus.
- This policy must not have ended when the loyalty bonus is provided.
- No withdrawal is made for the past 12 months.
### 2.4 Top-ups
Top-ups can be done anytime and 100% of the top-ups (single and recurring) will be used to buy units (at the bid price) in the ILP sub-funds chosen. Top-ups do not form part of the regular premiums and will not increase the sum assured of the policy.
No top-ups can be done when the policy is on premium holiday.
### 2.5 Advance Premium
If you pay more regular premiums than are needed, we will treat them as premiums paid in advance for future months. The advance premiums will be used to buy units in the ILP sub-funds chosen.
We will not accept any advance premiums that are more than 24 months ahead of its due date and it will not be used to buy units.
We may change the way we treat these premiums by giving you notice.
## 3. Protection Benefits
### 3.1 Death, Terminal Illness (TI) and Total and Permanent Disability (TPD) Benefit
Upon death, TI or TPD of the insured during the term of the policy, the following will be paid:
- the basic benefit at the claim event date, or
- the policy value at the time we are told about the claim;
whichever is higher.
Basic benefit is:
- the minimum protection value plus total top-ups less total withdrawals before the anniversary immediately after the insured reaches the age of 70; or
- the sum assured plus total top-ups less total withdrawals on or after the anniversary immediately after the insured reaches the age of 70.
Any applicable fees and charges will be deducted from the benefit amount payable. The policy will end thereafter.
Please refer to the policy contract for the exact terms and definitions of TI and TPD.
### 3.2 Accidental Death and Accidental Total Permanent Disability (TPD) Benefit
Upon death or TPD of the insured due to an accident (before the anniversary immediately after insured reaches the age of 70) during the policy term (within 365 days of the accident), 100% of the sum assured will be paid in addition to the death or TPD benefit. If the insured was taking part in a restricted activity at the time of the accident, 30% of the sum assured will be paid in addition to the death benefit or TPD benefit.
Any applicable fees and charges will be deducted from the benefit amount payable. The policy will end thereafter.
Please refer to the policy contract for the exact terms and definitions of accidental death, accidental TPD and restricted activity.
### 3.3 No Lapse Guarantee (NLG) Benefit
During the minimum investment period, if the policy value is not enough to cover the fees and charges due on the policy, the NLG benefit will apply and the policy will continue during this period.
When the NLG benefit is applied, the fees and charges due on your policy and any unit deducting rider will still need to be paid, and shall be deducted from any policy value or claim proceeds that you may receive under the policy.
The NLG benefit will only apply when:
a) All regular premiums due before the end of the grace period is paid; and
b) No withdrawals (including any ILP sub-funds that declare distribution) more than the total top-up is made.
The NLG benefit will not be reinstated once it has ended.
## 4. Flexible Options
### 4.1 Changing your Regular Premium
From the 3rd anniversary, you may change the amount of the regular premium provided your policy is not on premium holiday, subject to the minimum amount.
An increase or decrease in regular premium will require the corresponding change in sum assured of the policy and unit deducting rider(s), if any accordingly. Any increase in regular premium of the policy will require satisfactory proof of the insured's good health and there is no change in risk covered by the policy.
There will be a surrender charge if you reduce your regular premium during the MIP. Please refer to Section 7.6 "Surrender Charge" for more information.
### 4.2 Changing your Sum Assured
From the 3rd anniversary, you may change the sum assured provided your policy is not on premium holiday, subject to the minimum sum assured based on the applicable sum assured multiple.
An increase or decrease in sum assured will require the corresponding change in regular premium of the policy. Any increase in sum assured of the policy will require satisfactory proof of the insured's good health and there is no change in risk covered by the policy.
There will be a surrender charge if you reduce your sum assured during the MIP. Please refer to Section 7.6 "Surrender Charge" for more information.
### 4.3 Life Events Benefit
The insured may choose to take up the guaranteed insurability option each time the insured experiences any of the following life events:
- Turning 21
- Marriage
- Divorce
- Death of spouse
- Becoming a parent; or
- Purchase of a residential property
The insured must meet all the following conditions to take up these options.
- The insured must take up the option within three months after the date of their life event.
- Each time the insured takes up the option, it must be on a different life event.
- The life event must have taken place no earlier than 36 months after the cover start date of the policy.
- The insured must not be totally and permanently disabled, or be diagnosed with an advanced stage dread disease at the time of taking up the option.
- The insured must be 50 years old or under at the time of taking up the option. At our request, the insured must provide to our satisfaction, documentary proof of a life event.
- The total TPD benefit due for the insured for any policies which have been issued (whether issued by us or by any other insurer), must be less than S$6.5 million(not including bonuses) after this option is exercised.
- The insured is a standard life.
- The total critical illness and dread disease benefit due for the insured for any policies which have been issued (whether issued by us or by any other insurer), must be less than S$3.6 million (not including bonuses) after this option is exercised.
This option increases the sum assured of this policy, without us having to assess the insured's health. The increase in sum assured is limited to 50% of the sum assured when the policy was issued, or $100,000, whichever is lower.
An increase in sum assured of this policy will result in
- An increase in the sum assured of your unit deducting rider(s), if any; and
- An increase in your regular premiums.
The increased sum assured will be based on the increased premium and applicable sum assured multiple.
### 4.4 Retirement Option
You can choose to reduce the sum assured of the policy up to zero if all the following conditions are met:
- The insured is 55 years and above.
- The request takes place after the MIP.
The sum assured of this policy and the unit deducting rider(s), if any, will be reduced correspondingly.
You can continue to pay the regular premiums after choosing the retirement option. If you stop paying premiums, the policy will go into a premium holiday. The insurance cover charge for this policy and the unit deducting rider(s), if any, will be reduced accordingly after you choose the retirement option.
### 4.5 Premium Holiday
Before the 2nd anniversary during the MIP, the policy will end with no payout if there is no premium paid after the grace period. From the 2nd anniversary, if you have not paid the premium after the grace period, this policy will enter into a premium holiday. During this premium holiday period, you can stop paying premium provided the policy value is able to cover the fees and charges that continue to be due on the policy.
There will be a premium holiday charge if your premium holiday is taken during the MIP.
However, from the 3rd anniversary, the premium holiday can be taken without any premium holiday charge according to the MIP as shown in table below. After which, we will apply the premium holiday charge if your policy continues to be on premium holiday during the MIP. Please refer to Section 7.8 "Premium Holiday Charge" for more information.
| MIP | Premium holiday period without premium holiday charge |
|---|---|
| 10 years | 12 months |
| 15 years | 12 months |
| 20 years | 24 months |
| 25 years | 24 months |
During the premium holiday period while the policy is in forced, the coverage as indicated in sub-section 3.1 and 3.2 will continue. The policy and the unit deducting riders (if any) will end once the policy value is insufficient to pay for the applicable fees and charges.
You cannot make any top-ups during the premium holiday.
### 4.6 Partial Withdrawal
Partial withdrawal can be made by cashing in the units from the ILP sub-fund(s) you have chosen (at the bid price) partly, subject to minimum policy value of $1,000 after each withdrawal.
The minimum partial withdrawal amount is $500 each time. After a partial withdrawal is made, the sum assured and regular premium to be paid will remain the same.
Partial withdrawal charge will be deducted if the partial withdrawal is done during the MIP. If the policy value of the units for a partial withdrawal after deducting the partial withdrawal charge falls below the required minimum policy value, the withdrawal request will not be accepted, and no payout will be done. Please refer to Section 7.7 "Partial Withdrawal Charge" for more information.
These limits are not guaranteed. From time to time, we may review the limit and if there are any changes, we will give you at least one month's notice before we make any change.
[p.3]
## 5. ILP SUB-FUNDS
### 5.1 ILP Sub-Funds Available
You may choose to invest in any of the currently available ILP sub-funds. The list of ILP sub-funds available for your selection are available on our website at income.com.sg. You can find more information on these ILP sub-funds in the Semi Annual Fund Report and the Annual Fund Report.
### 5.2 More Information on the ILP Sub-Funds
To assist you in making investment choices, you can refer to the Semi Annual Fund Report and the Annual Fund Report, which contain information on the following:
i. Details of fund managers and auditor of our ILP sub-funds
ii. Investment Objectives and Scope of our ILP sub-funds
iii. Structure of our ILP sub-funds
iv. Asset and country allocation of our ILP sub-funds
v. ILP sub-fund performance
vi. Expense and turnover ratios
vii. Inclusion under the CPF Investment Scheme
viii. Other information e.g. financial statements, any soft dollar commissions or arrangements and conflicts of interests during management.
You should read the Fund Summary and Product Highlights Sheet before deciding whether to subscribe for units in the ILP sub-fund.
## 6. RISKS
### 6.1 General Risks
Buying a life insurance policy is a long-term commitment. Early termination of the policy usually involves high cost and the surrender value payable (if applicable) may be zero or less than the premiums paid.
As much as we are committed to achieving strong investment performance, the past performance of the managers and the ILP sub-fund(s) are not necessarily indicative of future performance. The value of the units under your Investment Linked Plan can rise or fall as the performance of the underlying ILP sub-funds changes. The policy will terminate whenever the value of the policy is zero or negative. If the NLG benefit is applied, the policy will continue.
### 6.2 Risks Specific to Each ILP Sub-Fund
All investments come with some degree of risks.
For the Money Market Fund, the purchase of a unit in the ILP sub-fund is not the same as placing funds on deposit with a bank or deposit-taking financial institution. Although the manager may seek to maintain or preserve the value of the principal of the ILP sub-fund, there can be no assurance that the ILP sub-fund shall be able to meet this objective. The Money Market Fund is not a guaranteed fund, in that there is no guarantee as to the amount of capital invested or return received. The global exposure of the Money Market Fund to financial derivatives or embedded financial derivatives should not exceed 100% of the scheme's net asset value at all times.
You can learn more about the risks specific to each ILP sub-fund in the Semi Annual Fund Report and the Annual Fund Report.
## 7. FEES & CHARGES
In this section, we describe to you the fees and charges that are applicable for AstraLink. If the charges described here are revised, we will inform you accordingly and give you at least one month's notice before any revision takes effect.
We will apply any fees and charges applicable even during grace period and premium holiday, until your policy ends.
### 7.1 Premium Charge
We currently do not charge premium charge. Depending on circumstances in the future, we may change this at any time by giving notice.
### 7.2 Policy Fee
A policy fee based on the policy value shown below is deducted monthly from the start of the policy to cover the on-going cost of policy administration. It will be taken from the policy value of the policy by cancelling units at the bid price.
| Policy Year | Policy Fee |
|---|---|
| From Year 1 to 5 | Annual rate of 5% of policy value |
| From Year 6 onwards | Annual rate of 1% of policy value |
### 7.3 Insurance Cover Charge
There is an insurance cover charge that must be paid monthly. This charge is based on the insured's age, gender, smoker status and the sum at risk at the time this charge is due. It will be taken from the policy value of the policy by cancelling units at the bid price.
The sum at risk means the difference between the basic benefit and the policy value. However, if the sum at risk is zero or negative, the insurance cover charge will not apply for that month.
The insurance cover charge rates are shown in Appendix 1.
### 7.4 Fund Switching Fee
We currently do not charge for fund switches. Depending on circumstances in the future, we may levy an administration charge. Sufficient notice will be given to you before any charges take effect.
### 7.5 Annual Management Fee
The annual management fee is not the same for all ILP sub-funds. The fee for each ILP sub-fund can be found in the Semi Annual Fund Report and the Annual Fund Report.
For all ILP sub-funds, the annual management fee is deducted at ILP sub-fund level as a percentage of the value of your chosen ILP sub-fund(s). Although this percentage is not guaranteed, the maximum will be stated at ILP sub-fund level in their respective Fund Summary and Product Highlights Sheet. This fee will not be deducted from your policy via cancellation of units.
### 7.6 Surrender Charge
There will be a surrender charge deducted from the policy value if you do the following during the MIP:
- full surrender of the policy (including top-ups); or
- decrease the regular premium or sum assured; or
- no payment of your regular premiums before the 2nd anniversary
If the policy cash-in value after surrender charge is zero or less, there will be no benefit payout and the policy will end.
The surrender charge rates are shown in Appendix 2.
### 7.7 Partial Withdrawal Charge
There will be a partial withdrawal charge deducted for each partial withdrawal of the units in your ILP sub-fund(s) made during the MIP. The partial withdrawal charge will be deducted before the partial withdrawal amount is paid.
After a partial withdrawal is made, the sum assured and regular premium to be paid will remain the same.
If the policy value of the units for a partial withdrawal after deducting the partial withdrawal charge falls below the required minimum policy value, the withdrawal request will not be accepted and there will be no payout.
The partial withdrawal charge rates are shown in Appendix 2.
### 7.8 Premium Holiday Charge
There will be a premium holiday charge on a monthly basis 30 days from the premium due date if:
- You stop paying premiums; or
- You request for a premium holiday;
from the 2nd anniversary during the MIP.
The premium holiday charge applies if you did not pay any premiums until the end of the MIP or when this policy end. We will take this premium holiday charge from the policy value of your policy by cancelling units at the bid price.
Premium holiday charge does not apply if the policy enters into a premium holiday after the MIP.
The premium holiday charge rates are shown in Appendix 2.
### 7.9 Other Charges
We will take from the ILP sub-funds all direct expenses relating to buying, selling and valuing the investments of the ILP sub-funds.
[p.4]
## 8. SUBSCRIPTION OF UNITS
### 8.1 Purchase of Units
#### 8.1.1 Regular Premium
100% of your regular premium will be used to buy units (at bid price) in the ILP sub-funds you have chosen.
#### 8.1.2 Top-ups
100% of your top-ups will be used to buy units (at bid price) in the ILP sub-funds you have chosen.
### 8.2 Premium Limits
You may invest any premium amounts based on the minimum limits shown below. The premium amounts are available only in multiples of $50.
These limits are not guaranteed. From time to time, we may review the limit and if there are any changes, we will give you at least one month's notice before we make any change.
#### 8.2.1 Minimum regular premium
| MIP/ Payment Frequency | 10 Years | 15 Years | 20 Years | 25 Years |
|---|---|---|---|---|
| Yearly | S$1,200 | S$1,200 | S$1,200 | S$1,200 |
| Half-Yearly | S$600 | S$600 | S$600 | S$600 |
| Quarterly | S$300 | S$300 | S$300 | S$300 |
| Monthly | S$100 | S$100 | S$100 | S$100 |
#### 8.2.2 Minimum increase or decrease in regular premium
| Monthly | Quarterly | Half-yearly | Yearly |
|---|---|---|---|
| $50 per month | $150 per quarter | $300 per half-year | $600 per year |
#### 8.2.3 Single Top-up
Minimum amount for single top-up is $2,500 each top-up
#### 8.2.4 Recurring Top-up
| Monthly | Quarterly | Half-yearly | Yearly |
|---|---|---|---|
| $100 per month | $300 per quarter | $600 per half-year | $1,200 per year |
#### 8.2.5 Investment in each ILP sub-fund
As you may choose to invest in more than one ILP sub-fund under AstraLink, you may also note that premium amounts allocated into each selected ILP sub-fund must not be lower than the amounts shown below:
| | |
|---|---|
| Regular Premium | $50 monthly, $150 quarterly, $300 half-yearly, or $600 yearly |
| Single Top-up | $1,000 each top up |
| Recurring Top-up | $50 monthly, $150 quarterly, $300 half-yearly, or $600 yearly |
### 8.3 Pricing of Units and Dealing Deadline
All ILP sub-funds are valued daily on a bid-to-bid basis. All transactions are based on forward pricing. The prices are updated on the website of Income Insurance Limited (Income Insurance) on each business day. The transaction submitted must come with complete instructions.
All transactions submitted and premiums received by us by 3pm (Singapore time) each day will be executed based on the unit prices of the same business day. For transactions submitted and premiums received by us after 3pm (Singapore time) each day or transactions submitted on a non-business day (i.e. Saturday, Sunday or public holiday), the execution will be based on the unit prices valued for the following business day. We may change the 3pm cut-off point at any time by giving you notice.
### 8.4 Investment of Units
Units are invested based on the formula below:
**Example - For Regular Premium of $1,000 yearly, invested fully in one ILP sub-fund,**
| (1) | (2) | (3) = (1) x (2) | (4) | 5 = (3) ÷ (4) |
|---|---|---|---|---|
| Regular Premium | Percentage of regular premium to buy units | Amount Invested | Bid Price | No. of Units |
| $1,000 | 100% | $1,000 | $1.00 | 1,000 |
The number of units purchased with each premium payment depends on the percentage of regular premium to buy units in the ILP sub-fund(s) you have chosen, bid price and any applicable fee and charges deducted via cancellation of units.
## 9 REDEMPTION OF UNITS
### 9.1 Full Surrender and Partial Withdrawal
You may redeem your investment fully or partially in AstraLink through full surrender or partial withdrawal. There will be a surrender charge or partial withdrawal charge during the MIP. This takes place through redeeming your units from your policy. The value of the units redeemed will be calculated at the bid price based on the date where the request for redemption was received by Income Insurance.
The cash-in value of the policy is payable upon full surrender. Thereafter, the policy ends.
Partial withdrawals have the effect of reducing the protection benefits and ILP sub-fund value of your policy. The minimum partial withdrawal amount is $500 each time. There is no limit to the amount of partial withdrawals you may make. However, you need to hold a minimum value of units worth $1,000.
**The following example illustrates the amount of redemption proceeds that you will receive when you surrender or partial withdraw at policy year 5, based on MIP 15 years**
| (1) | (2) | (3) = (1) x (2) | (4) | (5) = (3) – [(4) x (3)] |
|---|---|---|---|---|
| No. of Units to Redeem | Bid Price | Policy Value | Surrender Charge/ Partial Withdrawal Charge | Cash-in Value |
| 1,000 | $2.00 | $2000 | 60% | $800 |
### 9.2 Pricing Procedure and Dealing Deadline
Redemption and subscription of units follow the same forward pricing procedure and dealing deadline. You may refer to Section 8 "Subscription of Units" for more information.
You will receive your payment within 7 business days from the receipt of the completed request.
In the event of significant changes to the market, we reserve the right to delay the computation of prices for up to 30 business days, from the date of receipt of a written notice requesting for surrender. The surrender payment will only be made on the day after the bid price is computed.
## 10. SWITCHING OF UNITS
Under AstraLink, you can enjoy the flexibility of switching your investments between ILP sub-funds. The minimum amount for each fund switch is currently set at $1,000.
Fund switch is done on bid-to-bid basis. Currently, we do not charge for fund switches. However, depending on future circumstances, an administration charge could be levied. If we intend to introduce a charge, we will give sufficient notice to you before it takes effect.
[p.5]
## 11. SUSPENSION OF DEALINGS
We may suspend all transactions on a ILP sub-fund. Transactions include new applications to the ILP sub-fund, top-ups, switching, and cashing-in. We reserve the right to delay the computation of prices for up to 30 business days, from the date of receipt of a written notice requesting for such transaction. We may do this in the interest of investors and in exceptional circumstances. Reasons for suspending transactions usually fall into these few broad categories:
i. Natural disasters, market closures, or the introduction of new exchange controls or laws in countries in which a ILP sub-fund has considerable investments, making valuation impossible or difficult.
ii. Liquidity issues, when a very large number of investors unexpectedly want to cash in their units at the same time or when asset values fall sharply and trading in the capital markets dries up, so assets cannot be sold to meet payouts (for example, during the 2008/2009 credit crisis).
iii. When one of the main organisations involved in operating the ILP sub-fund closes down, the ILP sub-fund may then suspend temporarily until a new organisation takes over.
iv. When ILP sub-funds are being wound up or merged with another ILP sub-fund.
In exceptional circumstances, if we believe it is in the best interests of all the investors in the ILP sub-fund, we may create new ILP sub-funds, or close or merge the ILP sub-funds by giving you notice. If we close any ILP sub-fund, unless you tell us otherwise in writing, we will reinvest the cash-in value in any of our ILP sub-funds which have investment aims similar to the ILP sub-funds which have been closed.
We will decide on how to manage the ILP sub-funds and choose the investments of the ILP sub-funds and the fund managers. We may change the investment aims, focus and approach, and fund managers of any ILP sub-funds by giving you notice.
## 12. RIDERS
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.
## 13. EXCLUSIONS
There are certain conditions which no benefits will be payable under this policy as listed below. Please refer to the policy contract for the full details of the exclusions.
### Death Benefit
The cash-in value at the time we are told about the claim will be paid if the insured commits suicide within one year from the cover start date.
### Terminal Illness (TI) Benefit
This 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.
### Total and Permanent Disability (TPD) Benefit
The 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.
Under the definition of total and permanent disability (TPD), if the insured is under 65 years old, he or she must be unable to carry out any occupation or there is total physical loss. The policy does not pay if the insured is merely unable to perform the same job as before, or is unable to perform a job to which his or her training, education or experience is suited for.
If the insured becomes totally and permanently disabled when the insured is 65 years old and above, the insured must be suffering from a severe disability or total physical loss. Otherwise, we will not pay the benefit.
The policy also does not pay this benefit unless the insured is certified by a registered medical practitioner to have been totally and permanently disabled for at least six months in a row.
The aggregate TPD and accidental TPD benefit payable on a single life, inclusive of all policies issued by Income Insurance and by any other insurer cannot be more than S$6.5 million (not including bonuses).
### Accidental Death and Accidental TPD Benefit
The benefit is not payable unless death or TPD happens within 365 days of the accident.
The benefit is also not payable if accidental death or accidental TPD is caused directly or indirectly by:
- deliberate acts such as self-inflicted injuries, suicide or attempted suicide;
- unlawful acts, provoked assault or deliberate exposure to danger;
- the effects of alcohol, drugs or any dependence;
- illnesses, psychological conditions or eating disorders;
- heat stroke;
- a bad reaction to drugs or medication;
- the effects of viruses (for example, dengue), bacteria or diseases;
- the negative effects or complications of medical and surgical care;
- treatment aimed at improving appearance, such as cosmetic surgery or any treatment relating to a previous cosmetic treatment;
- radiation or contamination from radioactivity;
- being in any aircraft, except as a fare-paying passenger in a commercial aircraft or during military operations in peacetime;
- military, air force or naval operations, except when carried out in peacetime;
- warlike operations (whether war is declared or not), war, invasion, riot, or any similar event;
- an accident which happens outside of Singapore, if the insured has been outside Singapore for more than 180 days in a row at the time of the accident; or
- an act of terrorism. However, we will pay $10,000 or 10% of the sum assured, whichever is lower, on top of the amount we pay for death or TPD benefit.
### Other Condition
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.
## 14. FREE-LOOK
You will have 14 days from the date you receive the policy documents to be sure that you want to keep the policy. If we deliver the policy by email or any other electronic means to you, the 14 days will start 7 days after the date of the delivery. If we deliver the policy both by post and email or any other electronic means to you, the 14 days will start 7 days after the date of the delivery by post.
During this time, 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).
## 15. GRACE PERIOD
There is a 30 days grace period to pay the premiums due on your policy.
Before the 2nd anniversary during the minimum investment period if you still have not paid the premium after the grace period, we will end this policy with no payout to you.
## 16. REINSTATEMENT PERIOD
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 term 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.
[p.6]
## 17. CLAIM
To make a claim for accidental death or accidental TPD benefit, you must inform Income Insurance within 30 days after the insured's death or TPD.
For all other claims, you must inform Income Insurance within six months after the diagnosis or the event giving rise to the claim.
You must provide adequate evidence required by Income Insurance. You may need to bear the charges in providing such evidence.
When we pay a claim, we will not refund any premiums that have been paid.
Please refer to our webpage for the claim procedures: income.com.sg/claims.
## 18. TERMINATION
You may write in to terminate or surrender your policy any time. Please refer to our webpage for the termination or surrender procedures: income.com.sg/claims/life-and-health-insurance/surrender-of-policies.
Please note that an early termination of the policy usually involves high costs and the surrender value payable (if applicable) may be zero or less than the total premiums paid.
## 19. OBTAINING PRICES OF UNITS
The prices of our ILP sub-funds are available from Income Insurance's website at income.com.sg/fund/coopprices.asp.
Our ILP sub-funds are valued daily. The dealing days to which such prices apply can be found on our website stated above.
## 20. INVESTMENT UPDATES FROM FUND REPORTS
If you wish to track the performance of the ILP sub-funds you have invested in, you can refer to the Semi Annual Fund Report and the Annual Fund Report for our ILP sub-funds.
The financial year-end of Income Insurance's ILP sub-funds is 31 December of each year. You can find the semi annual financial statements in the Semi Annual Fund report, and the annual audited financial statements in the ILP Financial Statements. The Semi Annual Fund Report will be available by the end of August of each year, and the Annual Fund Report and annual audited financial statements by the end of March of the following year respectively.
The Semi Annual Fund Report and Annual Fund Report are available on Income Insurance's website at income.com.sg/fund/coopprices.asp, and the annual audited financial statements are available at income.com.sg/about-us/reports-publications. Alternatively, you can also approach our insurance advisers, contact us at 6788 1777, or email csquery@income.com.sg to request for a copy of the reports.
## 21. OTHER IMPORTANT INFORMATION
### 21.1 Review of Charges and Practices
From time to time, we may review policy and ILP sub-fund charges under AstraLink, 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.
### 21.2 Declaration and Reinvesting of Distributions
We may declare distributions for certain ILP sub-funds which have a distribution option. The distribution amount will depend on the number of units you hold in these ILP sub-funds on the date we declare the distribution. We set out the dates of when we announce, declare and pay out the distributions in the Semi Annual Fund Report and the Annual Fund Report or its equivalent. The return on the ILP sub-funds is calculated on the assumption that all dividends and distributions are reinvested, taking into account all charges which would have been payable upon such reinvestment. Distributions are not guaranteed. We may or may not pay a distribution every year.
For all ILP sub-funds that declare distributions, we will reinvest each distribution into the ILP sub-funds from which it is paid. We do this by buying units at the bid price (unless we say otherwise) on the payout date as set out in the 'Semi Annual Fund Report' or 'Annual Fund Report', or its equivalent. Units reinvested is managed as part of your unit holdings in the policy.
To avoid doubt, for any withdrawals including ILP sub-funds that declare distribution, fees and charges may apply
## 22. 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 Income Insurance or visit the GIA/LIA or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).
## DISCLAIMER
This product summary does not form a part of the contract of insurance. It is only meant to be a simplified description of the product features which apply to this plan and does not explain the whole contract. The contents of this product summary may be different from the terms of cover eventually issued. Please read the policy contract for the precise terms, conditions and exclusions. Only the terms, conditions and exclusions in the policy contract will be enforceable by the policyholder and Income Insurance.
---
# APPENDICES
## Appendix 1 – Yearly insurance cover charge rates for death, TI and TPD based on $1,000 sum at risk
[p.7]
The table below shows the insurance cover charge rates for age up to 99 years. For age after 99 years, we will apply the rate currently set for age 99 years.
| Age^ | Male Non Smoker | Male Smoker | Female Non Smoker | Female Smoker |
|---|---|---|---|---|
| 0 | 0.96 | 0.96 | 0.71 | 0.71 |
| 1 | 0.97 | 0.97 | 0.97 | 0.97 |
| 2 | 0.97 | 0.97 | 0.97 | 0.97 |
| 3 | 0.89 | 0.89 | 0.89 | 0.89 |
| 4 | 0.81 | 0.81 | 0.81 | 0.81 |
| 5 | 0.81 | 0.81 | 0.73 | 0.73 |
| 6 | 0.73 | 0.73 | 0.65 | 0.65 |
| 7 | 0.65 | 0.65 | 0.57 | 0.57 |
| 8 | 0.65 | 0.65 | 0.57 | 0.57 |
| 9 | 0.65 | 0.65 | 0.57 | 0.57 |
| 10 | 0.65 | 0.65 | 0.57 | 0.57 |
| 11 | 0.65 | 0.65 | 0.65 | 0.65 |
| 12 | 0.69 | 0.69 | 0.65 | 0.65 |
| 13 | 0.75 | 0.75 | 0.74 | 0.74 |
| 14 | 0.94 | 0.94 | 0.82 | 0.82 |
| 15 | 1.06 | 1.06 | 0.90 | 0.90 |
| 16 | 1.06 | 1.06 | 0.90 | 0.90 |
| 17 | 1.06 | 1.06 | 0.90 | 0.90 |
| 18 | 1.06 | 1.06 | 0.90 | 0.90 |
| 19 | 1.06 | 1.15 | 0.92 | 0.92 |
| 20 | 1.06 | 1.25 | 0.92 | 1.04 |
| 21 | 1.06 | 1.25 | 0.92 | 1.04 |
| 22 | 1.06 | 1.25 | 0.92 | 1.04 |
| 23 | 1.06 | 1.25 | 0.92 | 1.04 |
| 24 | 1.06 | 1.25 | 0.92 | 1.04 |
| 25 | 1.00 | 1.21 | 0.80 | 1.00 |
| 26 | 0.90 | 1.10 | 0.70 | 0.85 |
| 27 | 0.88 | 1.10 | 0.60 | 0.79 |
| 28 | 0.80 | 1.13 | 0.52 | 0.77 |
| 29 | 0.80 | 1.13 | 0.52 | 0.77 |
| 30 | 0.80 | 1.22 | 0.52 | 0.82 |
| 31 | 0.85 | 1.32 | 0.56 | 0.86 |
| 32 | 0.92 | 1.38 | 0.65 | 0.95 |
| 33 | 0.96 | 1.44 | 0.69 | 1.08 |
| 34 | 1.00 | 1.53 | 0.78 | 1.17 |
| 35 | 1.04 | 1.59 | 0.82 | 1.25 |
| 36 | 1.04 | 1.59 | 0.82 | 1.25 |
| 37 | 1.04 | 1.59 | 0.82 | 1.25 |
| 38 | 1.12 | 1.70 | 0.87 | 1.31 |
| 39 | 1.22 | 1.81 | 0.97 | 1.48 |
| 40 | 1.26 | 1.90 | 1.08 | 1.61 |
| 41 | 1.33 | 1.98 | 1.18 | 1.78 |
| 42 | 1.37 | 2.10 | 1.28 | 1.91 |
| 43 | 1.55 | 2.30 | 1.44 | 2.15 |
| 44 | 1.69 | 2.56 | 1.58 | 2.38 |
| 45 | 1.90 | 2.87 | 1.74 | 2.61 |
| 46 | 2.15 | 3.27 | 1.88 | 2.81 |
| 47 | 2.48 | 3.70 | 2.04 | 3.08 |
| 48 | 2.80 | 4.22 | 2.21 | 3.38 |
| 49 | 3.19 | 4.79 | 2.48 | 3.72 |
| 50 | 3.59 | 5.39 | 2.75 | 4.15 |
| 51 | 3.72 | 5.62 | 3.05 | 4.59 |
| 52 | 4.15 | 6.24 | 3.35 | 5.12 |
| 53 | 4.52 | 6.77 | 3.68 | 5.62 |
| 54 | 4.89 | 7.39 | 4.05 | 6.12 |
| 55 | 5.29 | 7.95 | 4.05 | 6.12 |
| 56 | 5.69 | 8.59 | 4.08 | 6.17 |
| 57 | 6.16 | 9.32 | 4.33 | 6.57 |
| 58 | 6.69 | 10.12 | 4.62 | 7.00 |
| 59 | 7.36 | 11.11 | 4.88 | 7.40 |
| 60 | 8.16 | 12.31 | 5.16 | 7.83 |
| 61 | 9.10 | 13.76 | 5.48 | 8.32 |
| 62 | 10.27 | 15.47 | 5.88 | 8.92 |
| 63 | 11.64 | 17.53 | 6.37 | 9.67 |
| 64 | 13.21 | 19.94 | 7.00 | 10.61 |
| 65 | 15.05 | 22.67 | 7.72 | 11.70 |
| 66 | 17.13 | 25.80 | 8.63 | 13.10 |
| 67 | 19.47 | 29.35 | 9.81 | 14.88 |
| 68 | 22.08 | 33.31 | 11.24 | 17.06 |
| 69 | 25.79 | 38.85 | 13.36 | 20.27 |
| 70 | 26.59 | 40.14 | 14.37 | 21.82 |
| 71 | 28.79 | 43.26 | 17.52 | 26.52 |
| 72 | 32.55 | 48.75 | 20.79 | 31.34 |
| 73 | 36.68 | 54.68 | 24.54 | 36.90 |
| 74 | 41.12 | 61.19 | 28.90 | 43.26 |
| 75 | 46.03 | 68.20 | 33.83 | 50.46 |
| 76 | 46.03 | 68.20 | 33.83 | 50.46 |
| 77 | 46.03 | 68.20 | 38.06 | 56.33 |
| 78 | 49.05 | 71.86 | 43.84 | 64.64 |
| 79 | 54.66 | 79.81 | 50.22 | 73.77 |
| 80 | 60.92 | 88.60 | 57.19 | 83.68 |
| 81 | 60.92 | 88.60 | 57.19 | 83.68 |
| 82 | 60.92 | 88.60 | 57.19 | 83.68 |
| 83 | 67.44 | 96.95 | 57.19 | 83.68 |
| 84 | 75.16 | 107.63 | 57.19 | 83.68 |
| 85 | 83.78 | 119.45 | 62.29 | 89.40 |
| 86 | 94.64 | 134.39 | 70.09 | 100.19 |
| 87 | 106.89 | 151.14 | 78.88 | 112.27 |
| 88 | 120.65 | 169.90 | 88.75 | 125.80 |
| 89 | 136.14 | 190.91 | 99.87 | 140.97 |
| 90 | 153.52 | 214.37 | 112.37 | 157.93 |
| 91 | 153.52 | 214.37 | 112.37 | 157.93 |
| 92 | 153.52 | 214.37 | 113.81 | 158.57 |
| 93 | 164.44 | 226.62 | 128.05 | 177.61 |
| 94 | 184.84 | 253.62 | 144.05 | 198.94 |
| 95 | 207.67 | 283.64 | 162.08 | 222.80 |
| 96 | 233.04 | 316.82 | 182.34 | 249.51 |
| 97 | 261.23 | 353.51 | 205.12 | 279.40 |
| 98 | 292.39 | 393.82 | 230.76 | 312.83 |
| 99 | 327.00 | 438.35 | 259.60 | 350.25 |
^Note: By age, we mean the insured's age on their last birthday.
[p.8]
## Appendix 2 – Surrender Charge, Partial Withdrawal Charge and Premium Holiday Charge
The table below shows the percentage of to be applied for charges.
- For full surrender and partial withdrawal, the percentage is applied to policy value withdrawn.
- For surrender charges due to reduction of premium or sum assured, the percentage is applied to the proportion of reduction multiplied by the policy value.
- For premium holiday charge, the percentage is applied to the annualized regular premium and divided by 12 for payment on a monthly basis.
| Policy Year | MIP |||||
|---|---|---|---|---|
| | 10 years (%) | 15 years (%) | 20 years (%) | 25 years (%) |
| 1 | 100.0% | 100.0% | 100.0% | 100.0% |
| 2 | 100.0% | 100.0% | 100.0% | 100.0% |
| 3 | 80.0% | 85.0% | 90.0% | 95.0% |
| 4 | 65.0% | 70.0% | 80.0% | 85.0% |
| 5 | 55.0% | 60.0% | 70.0% | 75.0% |
| 6 | 50.0% | 55.0% | 65.0% | 70.0% |
| 7 | 40.0% | 50.0% | 60.0% | 65.0% |
| 8 | 30.0% | 45.0% | 55.0% | 60.0% |
| 9 | 20.0% | 40.0% | 50.0% | 55.0% |
| 10 | 8.0% | 35.0% | 45.0% | 50.0% |
| 11 | NA | 30.0% | 40.0% | 45.0% |
| 12 | NA | 25.0% | 35.0% | 40.0% |
| 13 | NA | 20.0% | 30.0% | 35.0% |
| 14 | NA | 15.0% | 25.0% | 30.0% |
| 15 | NA | 8.0% | 20.0% | 25.0% |
| 16 | NA | NA | 16.0% | 20.0% |
| 17 | NA | NA | 14.0% | 18.0% |
| 18 | NA | NA | 12.0% | 16.0% |
| 19 | NA | NA | 10.0% | 14.0% |
| 20 | NA | NA | 8.0% | 12.0% |
| 21 | NA | NA | NA | 10.0% |
| 22 | NA | NA | NA | 8.0% |
| 23 | NA | NA | NA | 6.0% |
| 24 | NA | NA | NA | 5.0% |
| 25 | NA | NA | NA | 4.0% |
---
### https://lifeinsurance.com.sg/api/product/income/complete-life-secure/summary.md
# Complete Life Secure
**Insurer:** Income Insurance (Income Insurance Limited)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/202135698W/VQMW_Summary.pdf
## Source wording
- **Effective from:** (not stated in document)
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/202135698W/VQMW_Summary.pdf
- **PDF sha256:** `a3df3a87e2e9388c1b801d1d31cf5684f1d9e094f1e37485c800a767f58302c4`
- **Extraction confidence:** verified
## Extracted facts
### claims
```json
{
"source_page": 10,
"documents_required": [
"all relevant documents to support the claim"
]
}
```
### riders
```json
[
{
"name": "Complete Life Secure – Protection Benefit",
"rider_type": "other",
"description": "This policy includes a non-participating regular premium compulsory rider, Complete Life Secure – Protection Benefit. It pays retrenchment benefit and part of the multiplier cover. This rider will end immediately when its basic policy ends or is converted to a paid-up policy. It does not form part of the Life Participating Fund and no bonus is payable on the benefit.",
"source_page": 1,
"available_at_inception": true,
"available_after_inception": false
}
]
```
### free look
```json
{
"period_days": 14,
"source_page": 9,
"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
```json
[
{
"text": "This policy is not valid if the insured commits suicide within one year from the cover start date.",
"source_page": 8
},
{
"text": "We will not pay the TPD 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": 8
},
{
"text": "We will also not pay the TPD benefit unless the insured is certified by a specialist to have been totally and permanently disabled for at least six months in a row.",
"source_page": 8
},
{
"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": 8
},
{
"text": "We will not pay the Retrenchment Benefit if your claim arises from: retiring, leaving after a probation period, resigning or being dismissed; suffering a psychological condition, disability or illness; taking part in a labour dispute; coming to the end of an employment contract; being involved in a staff-reduction programme or unemployment you knew was going to happen before the cover start date; being employed for less than six months by an employer; or being employed by an employer not incorporated or registered in Singapore.",
"source_page": 8
},
{
"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 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": 9
}
]
```
### cash values
```json
{
"has_cash_value": true,
"non_guaranteed_bonus": {
"text": "Future bonuses of this plan, which have yet to be added to your policy, are not guaranteed. Each year, Income Insurance Limited (Income Insurance) will decide on the amount of bonuses to be allocated to each participating plan. Bonus allocations are approved by the Board of Directors, based on the recommendation by the Appointed Actuary.",
"available": true,
"bonus_types": [
"reversionary",
"terminal"
],
"source_page": 4,
"par_fund_name": "Life Participating Fund"
},
"guaranteed_surrender_value": {
"basis": "When you have been paying premiums for this policy for more than two years, you may cash in this policy for its surrender value. However, if the premium term for your policy is five years, you may cash in this policy for its surrender value after you have paid premiums for at least one year.",
"available": true,
"source_page": 3
}
}
```
### grace period
```json
{
"days": 30,
"source_page": 9
}
```
### product type
```json
"whole-life"
```
### policy basics
```json
{
"minimum_sum_assured": {
"amount": 20000,
"currency": "SGD",
"source_page": 3
},
"maximum_coverage_age": "whole-of-life"
}
```
### premium terms
```json
{
"payment_modes": [
"annual",
"semi-annual",
"quarterly",
"monthly"
],
"premium_term_options": [
{
"label": "limited premium term",
"description": "You only need to pay premiums for a limited term.",
"source_page": 1
}
],
"premium_review_clause": {
"text": "Premium rates are guaranteed throughout the premium term and applicable to standard lives.",
"reviewable": false,
"source_page": 8
}
}
```
### reinstatement
```json
{
"conditions": "you can reinstate this policy and its riders (if any) within 36 months by paying the premiums you owed 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
```json
{
"paid_up": {
"text": "This rider will end immediately when its basic policy ends or is converted to a paid-up policy.",
"available": true
},
"source_page": 10,
"extended_term": {
"text": "",
"available": false
},
"automatic_premium_loan": {
"text": "If this policy has sufficient cash value, the premiums for this 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 we may be due to pay under this policy. This policy and its riders (if any) will lapse when the amount of the loans and interest is more than the cash value of this policy.",
"available": true
}
}
```
### suicide clause
```json
{
"source_page": 8,
"payout_within_period": "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
```json
{
"wording_version": "Version 1.26",
"product_full_name": "Complete Life Secure (VQMW & VQVW)",
"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 definitions of TPD, TI as well as multiplier cover."
}
```
---
*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.*
---
### https://lifeinsurance.com.sg/api/product/income/complete-life-secure/wording.md
# Version 1.26
# PRODUCT SUMMARY
## Complete Life Secure (VQMW & VQVW)
### 1. Policy Description
Complete Life Secure is a regular premium whole-life participating plan. You only need to pay premiums for a limited term. Its value will increase by us adding regular bonus. It allows you to participate in the performance of the Life Participating Fund in the form of bonuses that are not guaranteed. You can find more details about the bonuses in Section 3.
This plan provides protection against total and permanent disability, terminal illness and death during the term of this basic policy. You can request to exercise Flexi Cash Access option to receive a cash payout. It also offers guaranteed insurability option to buy another life policy.
It offers a multiplier cover of 100%, 200%, 300%, 400% or 500% of the sum assured (before the anniversary immediately after the insured reaches the age of 65, 75 or 80, whichever is applicable). You cannot change the multiplier cover and the applicable age which you chose at the start of the policy.
This policy includes a non-participating regular premium compulsory rider, Complete Life Secure – Protection Benefit. It pays retrenchment benefit and part of the multiplier cover. This rider will end immediately when its basic policy ends or is converted to a paid-up policy. It does not form part of the Life Participating Fund and no bonus is payable on the benefit.
### 2. Benefits
#### 2.1 Total and Permanent Disability (TPD), Terminal Illness (TI) and Death Benefit
Upon TPD, TI or death of the insured, we will pay the benefit shown below.
| When claim event happens | Benefit |
|---|---|
| Before the anniversary immediately after the insured reaches the age of 65, 75 or 80 (whichever is applicable) | • 100% of sum assured and 100% of bonuses; or
• multiplier cover;
whichever is higher. |
| On or after the anniversary immediately after the insured reaches the age of 65, 75 or 80 (whichever is applicable) | 100% of sum assured and 100% of bonuses. |
Multiplier cover means a percentage of the sum assured shown in the policy schedule.
Any policy loan and interest will be deducted from the benefit amount payable.
This policy will end when we make this payment. We will not pay any further benefits.
Please refer to the policy contract for the exact terms and definitions of TPD, TI as well as multiplier cover.
[p.2]
#### 2.2 Retrenchment Benefit
If you are retrenched, you will not have to pay the premiums for the basic policy and Complete Life Secure – Protection Benefit up to six months from the next premium due date onwards. For this to apply, you must meet all the following conditions.
• You must have paid at least six months' premiums.
• Your retrenchment must have taken place no earlier than six months after the cover start date.
• You have not been able to find employment for three months in a row after being retrenched.
You will have to pay premiums for the month that you start permanent paid employment and this benefit will end.
You can claim for the retrenchment benefit only once under this policy.
Please refer to the policy contract for the conditions where this benefit will not apply.
#### 2.3 Flexi Cash Access
You may exercise this Flexi Cash Access option to use a percentage of the basic policy's sum assured for its cash value to receive an annual cash payout.
The request to exercise this option must be made at least 30 days before each anniversary, starting from the anniversary:
• the insured turns age 50; or
• the premium term ends and all premiums have been fully paid,
whichever is later.
The cash payout will start from the anniversary immediately following our acceptance of the request and will be paid on an annual basis.
The cash payout is determined based on the following:
• the chosen sum assured, which is based on the percentage of the basic policy's sum assured you are using for its cash value for the cash payout;
• the payout period, which is the number of years you choose to receive the cash payout. The minimum payout period is 10 years, and the maximum payout period will be up to insured reaching age 100;
• the cash payout is the cash value corresponding to the chosen sum assured divided by the payout period.
You must fulfil the following criteria in order to exercise the option:
• this is not a paid-up policy;
• you do not have any policy loan on this policy;
• the percentage (currently set as 20% to 80%) of the basic policy's sum assured you are using must be within the range of percentage determined by us; and
• the basic policy must meet the minimum sum assured (currently set as $20,000) requirement and the cash payout must meet the minimum amount (currently set as $500) as determined by us.
After the option has been exercised,
• the basic policy's sum assured will be reduced yearly for every cash payout paid to you annually. We will pay the benefit and bonuses of this policy based on the reduced sum assured. After the last cash payout has been paid, the remaining sum assured will continue to be applicable for the remaining policy term;
• if the basic policy's reduced sum assured is less than the aggregated sum assured of all the accelerated riders, the sum assured of the respective accelerated riders shall be reduced accordingly so that the aggregated sum assured of all the accelerated riders matches the reduced sum assured of the basic policy.
• you will not be able to amend your option. However, you are allowed to cancel your current option and exercise it again in the future;
• you will not be allowed to change your policy's sum assured or cash in your policy partially. However, you can cash in your policy fully and end your policy;
• you will not be able to apply for a policy loan; and
• in the event the basic policy's sum assured had been reduced because of accelerated payment, the cash payout will continue until the basic policy's sum assured becomes zero. We reserve the right to adjust the cash payout in the event of any claims paid under the policy.
The option will end upon the earliest of the following:
• the basic policy's sum assured has been reduced to zero; or
• your policy has ended.
#### 2.4 Guaranteed insurability option to buy another life policy
If the insured experiences a life event, the insured may choose to take up a new policy with only death and totally and permanently disabled benefits on the insured's life, without us having to assess the insured's health.
Life event refers to:
a) Turning 21;
b) Marriage;
c) Divorce;
d) Becoming a parent;
e) Death of spouse; and
f) Purchase of a residential property.
We will limit the sum assured for the new policy to
• 50% of the sum assured for this basic policy that is before the basic policy's sum assured has been reduced due to an accelerated payment or exercising the Flexi Cash Access option; or
• S$100,000 per policy,
whichever is lower.
If you have other policies issued by us providing the same benefits as this Guaranteed insurability option to buy another life policy on the same insured, the aggregate of the insured amounts of all new policies issued must not exceed S$500,000.
The aggregate of the total and permanent disability benefits due for the insured for any policies which have been issued (whether issued by us or by any other insurer) cannot exceed the maximum policy limits set by us in the new policy after this option is exercised.
The insured must meet all the following conditions to take up this option:
• the insured must take up this option within three months after the date of their life event.
• the insured must not be totally and permanently disabled, or be diagnosed with an advanced stage dread disease at the time of taking up this option.
• the insured must be 50 years old and under at the time of taking up this option.
• the life event must have taken place no earlier than 12 months after the cover start date of this basic policy.
At our request, the insured must provide to our satisfaction, documentary proof of a life event.
The insured can take up this option no more than two times. Each time the insured takes up this option, it must be on a different life event.
If we have added any special terms or special agreement to this basic policy (including but not limited to extra exclusions or an increased premium), we will also add these terms to the new policy which the insured takes up.
[p.3]
#### 2.5 Surrender Value (Cash Value)
When you have been paying premiums for this policy for more than two years, you may cash in this policy for its surrender value. However, if the premium term for your policy is five years, you may cash in this policy for its surrender value after you have paid premiums for at least one year.
Please note that buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be zero or less than the total premiums paid.
Depending on your policy and time of surrender, the return on your policy may be low. It may also be likely that you could incur a loss on your policy in the event of early surrender. You may wish to refer to your policy illustration to understand the cost of surrendering your policy, especially in early durations.
### 3. Bonuses
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.
The bonus rates in this section are based on the illustrated Investment Rate of Return of the Participating Fund at 4.25% per annum.
In comparison, at an illustrated Investment Rate of Return of 3.00% per annum, 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 amount at the illustrated Investment Rate of Return of 3.00% per annum and 4.25% per annum 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.
Please note that the actual bonuses, if any, declared in the future may be higher or lower than those illustrated in this section.
The insured must meet all the following conditions to take up this option:
• the insured must take up this option within three months after the date of their life event.
• the insured must not be totally and permanently disabled, or be diagnosed with an advanced stage dread disease at the time of taking up this option.
• the insured must be 50 years old and under at the time of taking up this option.
• the life event must have taken place no earlier than 12 months after the cover start date of this basic policy.
At our request, the insured must provide to our satisfaction, documentary proof of a life event.
The insured can take up this option no more than two times. Each time the insured takes up this option, it must be on a different life event.
If we have added any special terms or special agreement to this basic policy (including but not limited to extra exclusions or an increased premium), we will also add these terms to the new policy which the insured takes up.
#### i. Annual bonus, or reversionary bonus
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.
| Bonus Rate |
|---|
| 0.50% of sum assured compounded at 0.50% |
#### ii. Terminal bonus, or special bonus
Terminal bonus, or special bonus, is an additional bonus, which we may pay at the time of a claim, maturity or surrender of the policy.
Please refer to Appendix B for the applicable terminal bonus rate.
Future bonuses of this plan, which have yet to be added to your policy, are not guaranteed. Each year, Income Insurance Limited (Income Insurance) will decide on the amount of bonuses to be allocated to each participating plan. Bonus allocations are approved by the Board of Directors, based on the recommendation by the Appointed Actuary.
All guaranteed benefits, including bonuses which have already been added to your policy, will be provided for regardless of the performance of the Life Participating Fund.
This policy will become eligible for bonuses after 2 years from the policy entry date.
Encashment of bonuses only is not allowed for this policy.
### 4. Investment of the Life Participating Fund
Premiums from all participating policyholders are combined and invested in our Life Participating Fund, which has a broad mix of investment assets.
#### Investment Objective
The investment objective of the Life Participating Fund is to maximize returns for our participating policyholders while maintaining an acceptable level of risk.
#### Investment Strategy
When setting the investment strategy of the Life Participating Fund, we aim to balance between seeking an attractive return over the long run and taking an acceptable level of risk. The major factors we consider include the product design (e.g. amount of guaranteed benefits, policy term) of our plans, Income Insurance's financial strength, and the prevailing regulations.
#### Current Investment Mix and Performance of the Life Participating Fund
The Life Participating Fund is invested in a wide mix of assets. The main asset classes are local and overseas equities, bonds, property and cash.
[p.4]
As of 31 December 2025, the investment mix of the Life Participating Fund is:
| Asset Type | Strategic Asset Allocation | Current Investment Mix |
|---|---|---|
| Risky Assets¹ | 32% | 39%² |
| Fixed Income, Cash & Others | 68% | 61% |
¹ Includes equities and properties
² Includes Collective investment schemes (CIS)
Over time, the relative return of different types of assets may change substantially. Hence, we may vary the investment mix in the future, according to the investment objective and strategy of the Life Participating Fund.
#### Total Expense Ratio
The Total Expense Ratio is the proportion of total expenses incurred by the Life Participating Fund to the assets of the Life 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 Life 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 vary significantly from the expected level of expenses, it may affect the non-guaranteed benefits you may receive.
For our Life Participating Fund, the past Total Expense Ratios are shown in the table below.
| | 2023 | 2024 | 2025 | Average over the last 3 years | Average over the last 5 years | Average over the last 10 years |
|---|---|---|---|---|---|---|
| Total Expense Ratio | 0.92% | 0.89% | 0.82% | 0.87% | 0.94% | 0.88% |
Please note that past expense ratios may not be indicative of actual expenses that may be incurred in the future.
#### Investment Rate of Return
For our Life Participating Fund, the past investment rates of return (after deducting investment expenses only) are shown in the table below.
| | 2023 | 2024 | 2025 | Average over the last 3 years | Average over the last 5 years | Average over the last 10 years |
|---|---|---|---|---|---|---|
| Investment Returns | 4.19% | 5.07% | 7.66% | 5.63% | 1.58% | 4.04% |
Please note that past performance may not be indicative of future performance.
Changes in the economic and investment environment may affect the investment performance of the Life Participating Fund and the bonuses that you may receive.
[p.5]
As of 31 December 2025, the investment mix of the Life Participating Fund is:
| Asset Type | Strategic Asset Allocation | Current Investment Mix |
|---|---|---|
| Risky Assets¹ | 32% | 39%² |
| Fixed Income, Cash & Others | 68% | 61% |
¹ Includes equities and properties
² Includes Collective investment schemes (CIS)
Over time, the relative return of different types of assets may change substantially. Hence, we may vary the investment mix in the future, according to the investment objective and strategy of the Life Participating Fund.
#### Total Expense Ratio
The Total Expense Ratio is the proportion of total expenses incurred by the Life Participating Fund to the assets of the Life 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 Life 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 vary significantly from the expected level of expenses, it may affect the non-guaranteed benefits you may receive.
For our Life Participating Fund, the past Total Expense Ratios are shown in the table below.
| | 2023 | 2024 | 2025 | Average over the last 3 years | Average over the last 5 years | Average over the last 10 years |
|---|---|---|---|---|---|---|
| Total Expense Ratio | 0.92% | 0.89% | 0.82% | 0.87% | 0.94% | 0.88% |
Please note that past expense ratios may not be indicative of actual expenses that may be incurred in the future.
#### Investment Rate of Return
For our Life Participating Fund, the past investment rates of return (after deducting investment expenses only) are shown in the table below.
| | 2023 | 2024 | 2025 | Average over the last 3 years | Average over the last 5 years | Average over the last 10 years |
|---|---|---|---|---|---|---|
| Investment Returns | 4.19% | 5.07% | 7.66% | 5.63% | 1.58% | 4.04% |
Please note that past performance may not be indicative of future performance.
Changes in the economic and investment environment may affect the investment performance of the Life Participating Fund and the bonuses that you may receive.
### 5. Factors Affecting the Life Participating Fund's Performance
The performance of the Life Participating Fund depends on a number of factors, of which the main ones are:
- Investment performance of the Life Participating Fund, which impacts the Fund most;
- Expenses incurred in managing the Life Participating Fund;
- Mortality and morbidity claims experience of the Life Participating Fund; and
- Surrender and lapse experience of the Life Participating Fund.
The performance of the Life Participating Fund will affect the bonus allocation of your participating policy each year. Income Insurance will take into account the Fund's current performance, its future outlook, as well as the financial strength of the Life Participating Fund when setting bonus rates.
### 6. How Risks are shared in the Life Participating Fund
Premiums from all participating policyholders are combined and invested in the Life Participating Fund. Hence, the Life Participating Fund is of a significant size that enables risks to be pooled and diversified.
The key risks that the Life Participating Fund is subjected to include investment risks, expense risks (when expenses of running the business are higher than expected), mortality and longevity risks, morbidity risks, and surrender and lapse risks (when actual surrenders differ from expected). Some non-participating and investment-linked businesses are written in the Life Participating Fund and they may also be subjected to similar risks. These risks result in profit and losses, which will be accounted for in the surplus of the Life Participating Fund, thus influencing its financial strength.
In determining sustainable bonus rates for the participating policies, we look to their asset share, which is the value of the assets available to back the policy. It is calculated as the total premiums received plus actual investment returns and other profits earned by the Life Participating Fund, less expenses and charges and other outgo.
### 7. Smoothing of Bonuses
As investment performance may vary from year to year, bonuses are smoothed to ensure stable medium to long-term returns on your participating policy. This means that bonuses may be held back in good years to support the maintenance of the bonus in years when the performance of the Life Participating Fund is less favourable. It is intended that over the long term, the net impact of smoothing is neutral. Smoothing will never reduce any guaranteed benefits that may apply. Smoothing is a common industry practice.
This product was launched in 2025.
The bonus rates for the past 3 years (or less if the product was launched later) are consistent with the illustrated rates stated in Section 3 "Bonuses".
Please note that past performance is not necessarily indicative of future performance of the Life Participating Fund.
#### External Fund Managers
Assets in the Life Participating Fund are partly managed by Income Insurance and partly managed by external fund managers appointed by Income Insurance. Details of these external fund managers are shown in Appendix A.
### 5. Factors Affecting the Life Participating Fund's Performance
The performance of the Life Participating Fund depends on a number of factors, of which the main ones are:
- Investment performance of the Life Participating Fund, which impacts the Fund most;
- Expenses incurred in managing the Life Participating Fund;
- Mortality and morbidity claims experience of the Life Participating Fund; and
- Surrender and lapse experience of the Life Participating Fund.
The performance of the Life Participating Fund will affect the bonus allocation of your participating policy each year. Income Insurance will take into account the Fund's current performance, its future outlook, as well as the financial strength of the Life Participating Fund when setting bonus rates.
### 6. How Risks are shared in the Life Participating Fund
Premiums from all participating policyholders are combined and invested in the Life Participating Fund. Hence, the Life Participating Fund is of a significant size that enables risks to be pooled and diversified.
The key risks that the Life Participating Fund is subjected to include investment risks, expense risks (when expenses of running the business are higher than expected), mortality and longevity risks, morbidity risks, and surrender and lapse risks (when actual surrenders differ from expected). Some non-participating and investment-linked businesses are written in the Life Participating Fund and they may also be subjected to similar risks. These risks result in profit and losses, which will be accounted for in the surplus of the Life Participating Fund, thus influencing its financial strength.
In determining sustainable bonus rates for the participating policies, we look to their asset share, which is the value of the assets available to back the policy. It is calculated as the total premiums received plus actual investment returns and other profits earned by the Life Participating Fund, less expenses and charges and other outgo.
### 7. Smoothing of Bonuses
As investment performance may vary from year to year, bonuses are smoothed to ensure stable medium to long-term returns on your participating policy. This means that bonuses may be held back in good years to support the maintenance of the bonus in years when the performance of the Life Participating Fund is less favourable. It is intended that over the long term, the net impact of smoothing is neutral. Smoothing will never reduce any guaranteed benefits that may apply. Smoothing is a common industry practice.
This product was launched in 2025.
The bonus rates for the past 3 years (or less if the product was launched later) are consistent with the illustrated rates stated in Section 3 "Bonuses".
Please note that past performance is not necessarily indicative of future performance of the Life Participating Fund.
### 8. Expenses of the Life Participating Fund
Expenses are incurred in the course of running the Life Participating Fund. These expenses include commission, distribution costs, general overheads, underwriting expenses, policy issue and claims expenses, depreciation, etc. This is not an exhaustive list of expenses incurred by the Life Participating Fund.
Expense directly incurred by the Life Participating Fund would be charged to the Life Participating Fund. However, some expenses are shared across all funds. These expenses would be allocated to each fund (including the Life Participating Fund), using a methodology determined by the Appointed Actuary. To ensure equity and fairness, the methodology aims to allocate expenses in a manner that reflects the cost of running the business in each fund.
These expenses incurred by the Life Participating Fund have been included in the premium and will not be separately charged to the policyholder.
### 9. Conflict of Interests
We seek to treat our customers fairly, balancing any conflicting interests that arise between various groups and generations of policyholders or between policyholders and shareholders.
### 10. Related Party Transactions
Fullerton Fund Management Company Ltd, an external fund manager which manages a substantial portion of the Life Participating Fund, is a related party to Income Insurance. Income Insurance has governance and controls in place to ensure related party transactions are conducted at arm's length.
### 11. Riders
With additional premiums, 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.
### 12. Premiums
Premiums are payable throughout the premium term. You can choose to pay monthly, quarterly, half-yearly or yearly. Premium rates are guaranteed throughout the premium term and applicable to standard lives.
### 13. Exclusions
There are certain conditions under which no benefits will be payable under this policy as listed below. Please refer to the policy contract for the full details of the exclusions.
[p.8]
#### Death Benefit
This policy is not valid if the 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.
#### Total and Permanent Disability (TPD) Benefit
Under the definition of TPD,
• If the insured is under 65 years old, TPD mean total physical loss, or the inability to take part in any paid work for the rest of a person's life. We do not pay if the insured is merely unable to perform the same job as before, or is unable to perform a job to which his or her training, education or experience is suited for.
• If the insured is 65 years old and above, TPD mean total physical loss, or severe disability. Otherwise, we will not pay the benefit.
We will not pay this 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.
We will also not pay this benefit unless the insured is certified by a specialist to have been totally and permanently disabled for at least six months in a row. You must provide adequate medical evidence and we may ask the insured to have a medical examination by a doctor we have appointed.
If the insured is also covered for total and permanent disability waiver benefit or total and permanent disability benefit under any policies which have been issued and paid (whether issued and paid by us or by any other insurer), the total of these benefits under all these policies cannot be more than S$6.5 million (including premiums waived due to total and permanent disability but excluding bonuses). In this case we will first take into account the amounts due under the earlier policies, and then pay out only an amount to bring the total payments to S$6.5 million (including premiums waived due to total and permanent disability but excluding bonuses). The cover for death or terminal illness will be reduced by the TPD payment, and this remaining cover will continue as long as you pay premiums on it. We will work out the remaining cover as well as the reduced premium you will need to pay for this remaining cover.
#### Terminal Illness (TI) Benefit
We will not pay this 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.
#### Retrenchment Benefit
We will not pay this benefit if your claim arises from
• retiring, leaving after a probation period, resigning or being dismissed;
• suffering a psychological condition, disability or illness;
[p.9]
• taking part in a labour dispute;
• coming to the end of an employment contract;
• being involved in a staff-reduction programme or unemployment you knew was going to happen before the cover start date;
• being employed for less than six months by an employer; or
• being employed by an employer not incorporated or registered in Singapore.
#### Other Conditions
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 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.
### 14. Free-Look
You will have 14 days from the date you receive the policy documents to be sure that you want to keep the policy. If we deliver the policy by email or any other electronic means to you, the 14 days will start 7 days after the date of the delivery. If we deliver the policy both by post and email or any other electronic means to you, the 14 days will start 7 days after the date of the delivery by post.
During this time, 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.
### 15. Grace Period
There is a 30 days grace period to pay the premiums due on your policy. If any benefits are due to be paid during this period, the unpaid premiums will be deducted from the benefits.
### 16. Lapse
If premiums are still not paid after the grace period, this policy and its riders (if any) may lapse. If this policy has sufficient cash value, the premiums for this 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 we may be due to pay under this policy. This policy and its riders (if any) will lapse when the amount of the loans and interest is more than the cash value of this policy.
[p.10]
### 17. Reinstatement Period
If this policy and its riders (if any) ends 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 owed 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.
### 18. Claim
To make a claim for death benefit, we must be told of the claim and all relevant documents to support the claim must be given within six months after the insured's death.
If the basic policy or rider provides for accidental death or accidental total and permanent disability (TPD) benefit, we must be told of the claim and all relevant documents to support the claim must be given within thirty days after the insured's death or TPD. If we are not told of the claim or have not received all relevant documents within thirty days, we will reject the claim unless we deem that you have a valid reason for the delay. You must also show that you have told us and given all relevant documents to support the claim to us as soon as reasonably possible.
To make a claim for other benefits, we must be told of the claim and all relevant documents to support the claim must be given within six months after the diagnosis or the event giving rise to the claim. If we are not told of the claim or have not received all relevant documents within six months, we will reject the claim unless we deem that you have a valid reason for the delay. You must also show that you have told us and given all relevant documents to support the claim to us as soon as reasonably possible.
If we are not told of the claim or have not received all relevant documents for any of your above claim within two years from the date of the event giving raise to the claim, we will not pay the claim.
When you submit a claim in relation to any benefit, we will process the claim across all the policies (and applicable riders) you hold with us. We will not accept any request to claim under only certain policies that you have with us.
When we pay a claim, we will not refund any premiums that have been paid.
### 19. Termination
You may write in to terminate or surrender your policy any time. Please refer to our webpage for the termination or surrender procedures: income.com.sg/claims/life-and-health-insurance/surrender-of-policies.
Please note that an early termination of the policy usually involves high costs and the surrender value payable (if applicable) may be zero or less than the total premiums paid.
[p.11]
### 17. Reinstatement Period
If this policy and its riders (if any) ends 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 owed 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.
### 18. Claim
To make a claim for death benefit, we must be told of the claim and all relevant documents to support the claim must be given within six months after the insured's death.
If the basic policy or rider provides for accidental death or accidental total and permanent disability (TPD) benefit, we must be told of the claim and all relevant documents to support the claim must be given within thirty days after the insured's death or TPD. If we are not told of the claim or have not received all relevant documents within thirty days, we will reject the claim unless we deem that you have a valid reason for the delay. You must also show that you have told us and given all relevant documents to support the claim to us as soon as reasonably possible.
To make a claim for other benefits, we must be told of the claim and all relevant documents to support the claim must be given within six months after the diagnosis or the event giving rise to the claim. If we are not told of the claim or have not received all relevant documents within six months, we will reject the claim unless we deem that you have a valid reason for the delay. You must also show that you have told us and given all relevant documents to support the claim to us as soon as reasonably possible.
If we are not told of the claim or have not received all relevant documents for any of your above claim within two years from the date of the event giving raise to the claim, we will not pay the claim.
When you submit a claim in relation to any benefit, we will process the claim across all the policies (and applicable riders) you hold with us. We will not accept any request to claim under only certain policies that you have with us.
When we pay a claim, we will not refund any premiums that have been paid.
### 19. Termination
You may write in to terminate or surrender your policy any time. Please refer to our webpage for the termination or surrender procedures: income.com.sg/claims/life-and-health-insurance/surrender-of-policies.
Please note that an early termination of the policy usually involves high costs and the surrender value payable (if applicable) may be zero or less than the total premiums paid.
[p.12]
### 20. Performance Update
To evaluate the performance of your policy and the Life Participating Fund, you may wish to refer to the following documents:
i. Annual Bonus Update (sent annually to participating policyholders)
ii. Policyholder Annual Statement (sent annually to all policyholders)
iii. Post Sales Illustration (available upon request)
### 21. 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 Income Insurance or visit the GIA/LIA or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).
## DISCLAIMER
This product summary does not form a part of the contract of insurance. It is only meant to be a simplified description of the product features which apply to this plan and does not explain the whole contract. The contents of this product summary may be different from the terms of cover eventually issued. Please read the policy contract for the precise terms, conditions and exclusions. Only the terms, conditions and exclusions in the policy contract will be enforceable by the policyholder and Income Insurance.
[p.12]
### 20. Performance Update
To evaluate the performance of your policy and the Life Participating Fund, you may wish to refer to the following documents:
i. Annual Bonus Update (sent annually to participating policyholders)
ii. Policyholder Annual Statement (sent annually to all policyholders)
iii. Post Sales Illustration (available upon request)
### 21. 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 Income Insurance or visit the GIA/LIA or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).
## DISCLAIMER
This product summary does not form a part of the contract of insurance. It is only meant to be a simplified description of the product features which apply to this plan and does not explain the whole contract. The contents of this product summary may be different from the terms of cover eventually issued. Please read the policy contract for the precise terms, conditions and exclusions. Only the terms, conditions and exclusions in the policy contract will be enforceable by the policyholder and Income Insurance.
# Appendix A - List of External Fund Managers
## Appointed Managers:
1. Allianz Global Investors Singapore Limited - 79 Robinson Road #09-03 | Singapore 068897
2. Baillie Gifford Asia (HK) Limited - Suites 2713-2715, 8 Finance Street | Two International Finance Centre Central, Hong Kong
3. Blackstone Credit Hibiscus Feeder Fund LP - 345 Park Avenue, #31/F | New York, NY 10154
4. BlackRock - 20 Anson Road #18-01 | Twenty Anson Singapore 079912
5. CBRE Investment Management Indirect Limited - 2 Tanjong Katong Road #06-01 | Paya Lebar Quarter Singapore 437161
6. Cerberus Capital Management, L.P. - 875 Third Avenue, #10/F | New York, NY 10022
7. E Fund Management (HK) Co., Limited - Suites 3501-02, 8 Finance Street | Two International Finance Centre Central, Hong Kong
8. J.P. Morgan Asset Management - 88 Market Street #30/F | CapitaSpring Singapore 048948
9. MFS International Limited - 250 North Bridge Road #08-01 | Raffles City Tower Singapore 179101
10. Morgan Stanley Investment Management - 23 Church Street #16-01 | Capital Square Singapore 049481
11. PIMCO Asia Pte Ltd - 8 Marina View #30-01 | Asia Square Tower 1 Singapore 018960
12. SeaTown Private Strategies GP II Pte. Ltd. - 3 Fraser Street #06-23 | DUO Tower Singapore 189352
13. Schroder Investment Management Ltd - 138 Market Street #23-01 | CapitaGreen Singapore 048946
14. State Street Global Markets - Portfolio Solutions - 168 Robinson Road #33-01 | Capital Tower Singapore 068912
15. Wellington International Management Company Pte Ltd - 8 Marina Boulevard, #03-01 | Tower 1, Marina Bay Financial Centre Singapore 018981
16. Invesco Asset Management Singapore Limited - 9 Raffles Place #18-01 | Republic Plaza Singapore 048619
17. Russell Investments - 135 King Street #29/F | Sydney, NSW 2000, Australia
18. Fullerton Fund Management Company Ltd - 3 Fraser Street #09-28 | DUO Tower Singapore 189352
19. Barings LLC - 300 South Tryon Street, Suite 2500 | Charlotte, NC 28202
20. Blue Owl Capital - 399 Park Avenue, #37/F | New York, NY 10022
21. Ares Capital Management LLC - 245 Park Avenue, #44/F | New York, NY 10167
22. Churchill Asset Management - 375 Park Avenue, #9/F | New York, NY 10152
23. Goldman Sachs Asset Management, L.P. - 200 West Street, #15/F | New York, NY 10282
24. HPS Investment Partners, LLC - 40 West 57th Street, #33/F | New York, NY 10019
25. TPG Angelo Gordon - 245 Park Avenue, #26/F | New York, NY 10167
26. MGG Investment Group - One Pennsylvania Plaza, #53/F | New York, NY 10119
27. Crescent Credit Europe LLP - 2 Cavendish Square | London W1G 0PU
[p.13]
28. Permira Credit - 100 Pall Mall, #2F | London, SW1Y 5NQ
29. Coller Capital Limited - Park House, 116 Park Street | London, W1K 6AF
30. Crescent Capital Group - 11100 Santa Monica Boulevard, Suite 2000 | Los Angeles, CA 90025
31. Sixth Street Partners - 1 Letterman Dr, Building B/Yoda Fountain | San Francisco, CA 94129
32. CapitaLand Investment Limited - 168 Robinson Road, #30-01 Capital Tower | Singapore 068912
[p.14]
# Appendix B – Terminal Bonus Rates
## Terminal bonus rates at the illustrated investment rates of return of 4.25% p.a.
A terminal bonus (TB) defined as a percentage of the accumulated reversionary bonuses will top-up the total amount payable upon claim, surrender or maturity of the policy, if applicable. This TB is not-guaranteed and will be determined annually.
### i) Death / Terminal Illness / TPD
| Duration | Bonus Rate | Duration | Bonus Rate |
|---|---|---|---|
| 1 | 0% | 31 | 195% |
| 2 | 0% | 32 | 240% |
| 3 | 0% | 33 | 240% |
| 4 | 0% | 34 | 300% |
| 5 | 0% | 35 | 300% |
| 6 | 0% | 36 | 300% |
| 7 | 0% | 37 | 300% |
| 8 | 0% | 38 | 300% |
| 9 | 0% | 39 | 345% |
| 10 | 20% | 40 | 345% |
| 11 | 30% | 41 | 345% |
| 12 | 45% | 42 | 345% |
| 13 | 55% | 43 | 345% |
| 14 | 60% | 44 | 345% |
| 15 | 75% | 45 | 345% |
| 16 | 90% | 46 | 400% |
| 17 | 100% | 47 | 405% |
| 18 | 110% | 48 | 410% |
| 19 | 120% | 49 | 415% |
| 20 | 145% | 50 | 420% |
| 21 | 145% | 51 | 425% |
| 22 | 145% | 52 | 430% |
| 23 | 145% | 53 | 435% |
| 24 | 145% | 54 | 440% |
| 25 | 155% | 55 | 445% |
| 26 | 165% | 56 | 450% |
| 27 | 175% | 57 | 455% |
| 28 | 185% | 58 | 460% |
| 29 | 195% | 59 | 465% |
| 30 | 195% | 60 | 470% |
[p.15]
[p.16]
| Duration | Bonus Rate | Duration | Bonus Rate |
|---|---|---|---|
| 61 | 470% | 81 | 570% |
| 62 | 475% | 82 | 575% |
| 63 | 480% | 83 | 580% |
| 64 | 485% | 84 | 585% |
| 65 | 490% | 85 | 590% |
| 66 | 495% | 86 | 595% |
| 67 | 500% | 87 | 600% |
| 68 | 505% | 88 | 605% |
| 69 | 510% | 89 | 610% |
| 70 | 515% | 90 | 615% |
| 71 | 520% | 91 | 620% |
| 72 | 525% | 92 | 625% |
| 73 | 530% | 93 | 630% |
| 74 | 535% | 94 | 635% |
| 75 | 540% | 95 | 640% |
| 76 | 545% | 96 | 645% |
| 77 | 550% | 97 | 650% |
| 78 | 555% | 98 | 650% |
| 79 | 560% | 99 | 650% |
| 80 | 565% | | |
[p.17]
### ii) Surrender
| Duration | Bonus Rate | Duration | Bonus Rate |
|---|---|---|---|
| 1 | 0% | 31 | 650% |
| 2 | 0% | 32 | 650% |
| 3 | 0% | 33 | 650% |
| 4 | 0% | 34 | 650% |
| 5 | 0% | 35 | 650% |
| 6 | 0% | 36 | 650% |
| 7 | 0% | 37 | 650% |
| 8 | 0% | 38 | 650% |
| 9 | 0% | 39 | 650% |
| 10 | 50% | 40 | 650% |
| 11 | 100% | 41 | 650% |
| 12 | 125% | 42 | 650% |
| 13 | 150% | 43 | 650% |
| 14 | 175% | 44 | 650% |
| 15 | 200% | 45 | 650% |
| 16 | 250% | 46 | 650% |
| 17 | 300% | 47 | 650% |
| 18 | 350% | 48 | 650% |
| 19 | 400% | 49 | 650% |
| 20 | 450% | 50 | 650% |
| 21 | 500% | 51 | 650% |
| 22 | 550% | 52 | 650% |
| 23 | 600% | 53 | 650% |
| 24 | 600% | 54 | 650% |
| 25 | 600% | 55 | 650% |
| 26 | 600% | 56 | 650% |
| 27 | 600% | 57 | 650% |
| 28 | 600% | 58 | 650% |
| 29 | 600% | 59 | 650% |
| 30 | 650% | 60 | 650% |
[p.18]
[p.19]
| Duration | Bonus Rate | Duration | Bonus Rate |
|---|---|---|---|
| 61 | 650% | 81 | 650% |
| 62 | 650% | 82 | 650% |
| 63 | 650% | 83 | 650% |
| 64 | 650% | 84 | 650% |
| 65 | 650% | 85 | 650% |
| 66 | 650% | 86 | 650% |
| 67 | 650% | 87 | 650% |
| 68 | 650% | 88 | 650% |
| 69 | 650% | 89 | 650% |
| 70 | 650% | 90 | 650% |
| 71 | 650% | 91 | 650% |
| 72 | 650% | 92 | 650% |
| 73 | 650% | 93 | 650% |
| 74 | 650% | 94 | 650% |
| 75 | 650% | 95 | 650% |
| 76 | 650% | 96 | 650% |
| 77 | 650% | 97 | 650% |
| 78 | 650% | 98 | 650% |
| 79 | 650% | 99 | 650% |
| 80 | 650% | | |
---
### https://lifeinsurance.com.sg/api/product/income/gro-retire-flex-pro-ii/summary.md
# Gro Retire Flex Pro
II
**Insurer:** Income Insurance (Income Insurance Limited)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/202135698W/GRME2_Summary.pdf
## Source wording
- **Effective from:** (not stated in document)
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/202135698W/GRME2_Summary.pdf
- **PDF sha256:** `48cd91f22a83b034bb423eaf704bfaa3de53fa03c99bdf24f8e271691b2ce5e7`
- **Extraction confidence:** verified
## Extracted facts
### claims
```json
{
"source_page": 11,
"documents_required": [
"all relevant documents to support the claim"
]
}
```
### riders
```json
[
{
"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
```json
{
"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
```json
[
{
"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
```json
{
"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
```json
{
"available": true,
"source_page": 10,
"interest_basis": "Interest charged on automatic premium loan; exact rate not specified in this document."
}
```
### grace period
```json
{
"days": 30,
"source_page": 10
}
```
### product type
```json
"endowment"
```
### policy basics
```json
{
"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
```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": 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
```json
{
"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
```json
{
"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
```json
{
"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
```json
{
"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
```json
{
"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."
}
```
---
*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.*
---
### https://lifeinsurance.com.sg/api/product/income/gro-retire-flex-pro-ii/wording.md
# Gro Retire Flex Pro II (GRME2) Product Summary
Version 1.26
## 1. Policy Description
Gro Retire Flex Pro II is an endowment plan. It comprises of two periods, (i) accumulation period and (ii) payout period. The accumulation period helps you to build up savings and provide a regular income during the payout period.
### (i) Accumulation Period
The accumulation period starts from policy entry date and it will range from 5 years up to 50 years for the single premium term while it will range from 10 years up to 50 years for the regular premium terms. During the accumulation period, depending on the premium term selected, premiums are payable as a single premium, for 5, 10, 15 or 20 years. Premiums are payable up to 5 years before the end of the accumulation period.
### (ii) Payout Period
The payout period option of 10, 15, 20 years or till age 100 of the original insured, begins immediately after the end of the accumulation period. During the payout period, a stream of monthly cash benefit will be paid, and the first monthly cash benefit will be paid on the anniversary immediately after the end of the accumulation period.
This plan provides protection against death and terminal illness of the insured during the policy term.
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.
Gro Retire Flex Pro II is a participating life insurance policy. It allows you to participate in the performance of the Life Participating Fund in the form of bonuses that are not guaranteed. You can find more details about the bonuses in Section 3.
## 2. Benefits
### 2.1. Terminal illness and death benefit
If the insured is diagnosed with terminal illness or dies during the accumulation period or payout period, we will pay the benefit shown in Table 1.
#### Table 1
| Time when claim event happens | Benefit |
|---|---|
| During the accumulation period | 1. The higher of:
• 105% of all premiums paid; or
• the guaranteed portion of the cash value, and
2. 100% of terminal bonus. |
| During the payout period | 1. The higher of:
• 105% of all premiums paid less all monthly cash benefits paid; or
• the guaranteed portion of the cash value, and
2. 100% of terminal bonus less all monthly cash bonuses paid. |
[p.2]
We will pay the cash value if it is higher than the benefit shown in Table 1.
We will also pay any accumulated cash benefits and cash bonuses.
Any policy loan and interest will be deducted from the benefit amount payable.
This policy will end when we make this payment. We will not pay any further benefits.
If you have appointed a secondary insured before the insured dies, we will not pay this benefit. Upon the death of the insured, the secondary insured becomes the insured and this policy will continue.
If Flexi Retire Option is exercised, the accumulation period will be revised accordingly.
Premiums paid means the lump sum premium paid (excluding premium paid on any rider) for single premium policies. For regular premium policies, regardless of your policy's premium payment mode, we will work out the premiums paid (excluding premium paid on any rider) based on the current annual premium payment mode.
Please refer to the policy contract for the exact terms and definition of Terminal Illness.
### 2.2. Cash benefit
If the policy has not already ended, when the accumulation period ends, we will check the cash value of this policy.
If the cash value is less than S$10,000 after taking into account the policy loan and interest, we will pay you the policy's cash value and the policy will end.
If the cash value is at least S$10,000 after taking into account the policy loan and interest, the payout period will begin and we will pay you a monthly cash benefit depending on the payout period option you have chosen, or until the policy ends. To select the payout period option till age 100 of the original insured, the sum of the insured's entry age and accumulation period will need to be at least 50.
The monthly cash benefit is the 'cash benefit' amount shown in the policy schedule. If you change your regular premium amount, payout period, or accumulation period, we will work out a new monthly cash benefit.
We will pay the first monthly cash benefit on the anniversary immediately after the end of the accumulation period.
You can choose to use the cash benefit in any one of the following ways:
(a) Accumulate with Income Insurance Limited (Income Insurance) at the prevailing interest rate, currently at 3.00% per annum; or
(b) Receive it as a payout, and
If we pay a cash bonus on top of a monthly cash benefit, the cash bonus and the monthly cash benefit which the cash bonus is paid out on, must be used in the same manner.
We will pay the cash value if it is higher than the benefit shown in Table 1.
We will also pay any accumulated cash benefits and cash bonuses.
Any policy loan and interest will be deducted from the benefit amount payable.
This policy will end when we make this payment. We will not pay any further benefits.
If you have appointed a secondary insured before the insured dies, we will not pay this benefit. Upon the death of the insured, the secondary insured becomes the insured and this policy will continue.
If Flexi Retire Option is exercised, the accumulation period will be revised accordingly.
Premiums paid means the lump sum premium paid (excluding premium paid on any rider) for single premium policies. For regular premium policies, regardless of your policy's premium payment mode, we will work out the premiums paid (excluding premium paid on any rider) based on the current annual premium payment mode.
Please refer to the policy contract for the exact terms and definition of Terminal Illness.
Cash benefits accumulated with Income Insurance can be withdrawn anytime. The prevailing interest rate under (a) is non-guaranteed and is subject to review by Income Insurance. Any policy loan and interest will be deducted from the benefit amount payable.
If this policy has not already ended, it will end when the last cash benefit is paid.
You can choose to change the payout period, subject to the following conditions:
- The request to change the payout period must be made on a date:
- a) At least 2 years after the policy entry date; and
- b) At least 30 days before the first monthly cash benefit.
- You have not made a claim on the disability care benefit; and
- You can only change the payout period once.
If you change the payout period, the following will apply:
- We will recalculate your policy benefits (including cash benefit and guaranteed cash value), bonuses (if any) and rider benefits (if any), according to the revised payout period; and
- You will no longer be able to change your payout period.
Please refer to the policy contract for the conditions that apply if you choose to accumulate the cash benefits.
### 2.3. Secondary insured option
You may appoint or remove a secondary insured before the death of the insured provided the following conditions are met:
- the premium of this policy is paid only with cash;
- no nomination of beneficiary has been made for this policy; and
- there is no change to the ownership of this policy except via absolute assignment.
The secondary insured must be yourself (before the age of 75 years old), your spouse (before the age of 75 years old), or your child or ward (before the age of 18 years old) at the time of appointment.
If you have appointed a secondary insured, and the policy is subsequently assigned, such existing appointment will be automatically revoked upon the effective date of assignment of the policy.
We will inform you in writing of the effective date of appointment or removal, which shall be determined by us.
We reserve the right to accept or reject any request to appoint or remove a secondary insured.
You can exercise this option to appoint a secondary insured no more than three times.
There can only be a maximum of one secondary insured under this policy at any point in time. Upon our approval of your request to appoint a new secondary insured, the secondary insured prior to such request shall be removed and replaced with the secondary insured indicated in such request.
The secondary insured becomes the insured of this policy only upon death of the insured for the remaining policy term. This policy can only have one insured at any point of time.
[p.3]
Cash benefits accumulated with Income Insurance can be withdrawn anytime. The prevailing interest rate under (a) is non-guaranteed and is subject to review by Income Insurance. Any policy loan and interest will be deducted from the benefit amount payable.
If this policy has not already ended, it will end when the last cash benefit is paid.
You can choose to change the payout period, subject to the following conditions:
- The request to change the payout period must be made on a date:
- a) At least 2 years after the policy entry date; and
- b) At least 30 days before the first monthly cash benefit.
- You have not made a claim on the disability care benefit; and
- You can only change the payout period once.
If you change the payout period, the following will apply:
- We will recalculate your policy benefits (including cash benefit and guaranteed cash value), bonuses (if any) and rider benefits (if any), according to the revised payout period; and
- You will no longer be able to change your payout period.
Please refer to the policy contract for the conditions that apply if you choose to accumulate the cash benefits.
### 2.3. Secondary insured option
You may appoint or remove a secondary insured before the death of the insured provided the following conditions are met:
- the premium of this policy is paid only with cash;
- no nomination of beneficiary has been made for this policy; and
- there is no change to the ownership of this policy except via absolute assignment.
The secondary insured must be yourself (before the age of 75 years old), your spouse (before the age of 75 years old), or your child or ward (before the age of 18 years old) at the time of appointment.
If you have appointed a secondary insured, and the policy is subsequently assigned, such existing appointment will be automatically revoked upon the effective date of assignment of the policy.
We will inform you in writing of the effective date of appointment or removal, which shall be determined by us.
We reserve the right to accept or reject any request to appoint or remove a secondary insured.
You can exercise this option to appoint a secondary insured no more than three times.
There can only be a maximum of one secondary insured under this policy at any point in time. Upon our approval of your request to appoint a new secondary insured, the secondary insured prior to such request shall be removed and replaced with the secondary insured indicated in such request.
The secondary insured becomes the insured of this policy only upon death of the insured for the remaining policy term. This policy can only have one insured at any point of time.
### 2.4 Flexi Retire Option
You may choose to shorten or extend the accumulation period, by up to 5 years, in multiples of 1 year, subject to the following conditions:
- The request to exercise this option must be made on a date:
- a) At least 2 years after the policy entry date; and
- b) At least 2 years before the end of your original or revised accumulation period, whichever is earlier.
- The revised accumulation period falls within the minimum and maximum accumulation period available, depending on the entry age of the original insured, and the payout period cannot exceed age 100 of the original insured;
- You have not made a claim on the disability care benefit;
- You do not have any policy loan on this policy; and
- You can only exercise this option once.
We reserve the right to reject or accept any request under this option.
If you exercise this option, the following will apply:
- The accumulation period will be revised accordingly;
- The payout period option will not change;
- We will recalculate the benefits of your policy (including cash benefit and guaranteed cash value), bonuses (if any) and rider benefits (if any), according to the revised accumulation period; and
- You will not be able to amend your option.
#### Illustration of Flexi Retire Option based on current limits of Accumulation Period
| Premium Term | Accumulation Period selected | Number of years to shorten Accumulation Period (if exercised FRO) | Number of years to extend Accumulation Period (if exercised FRO) | Subject to maximum age at end of accumulation period |
|---|---|---|---|---|
| Single Premium | 5 | 0 | Up to 5 | 80 |
| | 15 | Up to 5 | Up to 5 | |
| | 50 | Up to 5 | 0 | |
| 5 Years | 10 | 0 | Up to 5 | 75 |
| | 15 | Up to 5 | Up to 5 | |
| | 50 | Up to 5 | 0 | |
| 10 Years | 15 | 0 | Up to 5 | 75 |
| | 20 | Up to 5 | Up to 5 | |
| | 50 | Up to 5 | 0 | |
| 15 Years | 20 | 0 | Up to 5 | 75 |
| | 25 | Up to 5 | Up to 5 | |
| | 50 | Up to 5 | 0 | |
| 20 Years | 25 | 0 | Up to 5 | 75 |
| | 30 | Up to 5 | Up to 5 | |
| | 50 | Up to 5 | 0 | |
[p.4]
### 2.4 Flexi Retire Option
You may choose to shorten or extend the accumulation period, by up to 5 years, in multiples of 1 year, subject to the following conditions:
- The request to exercise this option must be made on a date:
- a) At least 2 years after the policy entry date; and
- b) At least 2 years before the end of your original or revised accumulation period, whichever is earlier.
- The revised accumulation period falls within the minimum and maximum accumulation period available, depending on the entry age of the original insured, and the payout period cannot exceed age 100 of the original insured;
- You have not made a claim on the disability care benefit;
- You do not have any policy loan on this policy; and
- You can only exercise this option once.
We reserve the right to reject or accept any request under this option.
If you exercise this option, the following will apply:
- The accumulation period will be revised accordingly;
- The payout period option will not change;
- We will recalculate the benefits of your policy (including cash benefit and guaranteed cash value), bonuses (if any) and rider benefits (if any), according to the revised accumulation period; and
- You will not be able to amend your option.
#### Illustration of Flexi Retire Option based on current limits of Accumulation Period
| Premium Term | Accumulation Period selected | Number of years to shorten Accumulation Period (if exercised FRO) | Number of years to extend Accumulation Period (if exercised FRO) | Subject to maximum age at end of accumulation period |
|---|---|---|---|---|
| Single Premium | 5 | 0 | Up to 5 | 80 |
| | 15 | Up to 5 | Up to 5 | |
| | 50 | Up to 5 | 0 | |
| 5 Years | 10 | 0 | Up to 5 | 75 |
| | 15 | Up to 5 | Up to 5 | |
| | 50 | Up to 5 | 0 | |
| 10 Years | 15 | 0 | Up to 5 | 75 |
| | 20 | Up to 5 | Up to 5 | |
| | 50 | Up to 5 | 0 | |
| 15 Years | 20 | 0 | Up to 5 | 75 |
| | 25 | Up to 5 | Up to 5 | |
| | 50 | Up to 5 | 0 | |
| 20 Years | 25 | 0 | Up to 5 | 75 |
| | 30 | Up to 5 | Up to 5 | |
| | 50 | Up to 5 | 0 | |
### 2.5 Surrender Value (Cash Value)
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.
Please note that buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be zero or less than the total premiums paid.
Depending on your policy and the time of surrender, the return on your policy may be low. It may also be likely that you could incur a loss on your policy in the event of early surrender. You may wish to refer to your policy illustration to understand the cost of surrendering your policy, especially in early durations.
Please refer to the policy contract for further details relating to the surrender value.
## 3. Bonuses
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.
The bonus rates in this section are based on the illustrated Investment Rate of Return of the Participating Fund at 4.25% per annum.
In comparison, at an illustrated Investment Rate of Return of 3.00% per annum, 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 amount at the illustrated Investment Rate of Return of 3.00% per annum and 4.25% per annum 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.
Please note that the actual bonuses, if any, declared in the future may be higher or lower than those illustrated in this section.
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.
Please refer to Appendix B for the applicable cash bonus rate.
The policyholder can choose to leave both the cash benefit and cash bonus with Income Insurance to accumulate at the prevailing interest rate.
ii. Terminal bonus is an additional bonus, which we may pay at the time of a claim, maturity or surrender of the policy.
Please refer to Appendix C for the applicable terminal bonus rate.
[p.5]
### 2.5 Surrender Value (Cash Value)
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.
Please note that buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be zero or less than the total premiums paid.
Depending on your policy and the time of surrender, the return on your policy may be low. It may also be likely that you could incur a loss on your policy in the event of early surrender. You may wish to refer to your policy illustration to understand the cost of surrendering your policy, especially in early durations.
Please refer to the policy contract for further details relating to the surrender value.
## 3. Bonuses
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.
The bonus rates in this section are based on the illustrated Investment Rate of Return of the Participating Fund at 4.25% per annum.
In comparison, at an illustrated Investment Rate of Return of 3.00% per annum, 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 amount at the illustrated Investment Rate of Return of 3.00% per annum and 4.25% per annum 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.
Please note that the actual bonuses, if any, declared in the future may be higher or lower than those illustrated in this section.
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.
Please refer to Appendix B for the applicable cash bonus rate.
The policyholder can choose to leave both the cash benefit and cash bonus with Income Insurance to accumulate at the prevailing interest rate.
ii. Terminal bonus is an additional bonus, which we may pay at the time of a claim, maturity or surrender of the policy.
Please refer to Appendix C for the applicable terminal bonus rate.
## 4. Investment of the Life Participating Fund
Premiums from all life participating policyholders are combined and invested in our Life Participating Fund, which has a broad mix of investment assets.
### Investment Objective
The investment objective of the Life Participating Fund is to maximize returns for our participating policyholders while maintaining an acceptable level of risk.
### Investment Strategy
When setting the investment strategy of the Life Participating Fund, we aim to balance between seeking an attractive return over the long run and taking an acceptable level of risk. The major factors we consider include the product design (e.g. amount of guaranteed benefits, policy term) of our plans, Income Insurance's financial strength, and the prevailing regulations.
### Current Investment Mix and Performance of the Life Participating Fund
The Life Participating Fund is invested in a wide mix of assets. The main asset classes are local and overseas equities, bonds, property and cash.
As of 31 December 2025, the investment mix of the Life Participating Fund is:
| Asset Type | Strategic Asset Allocation | Current Investment Mix |
|---|---|---|
| Risky Assets¹ | 32% | 39%² |
| Fixed Income, Cash & Others | 68% | 61% |
¹ Includes equities and properties
² Includes Collective investment schemes (CIS)
Over time, the relative return of different types of assets may change substantially. Hence, we may vary the investment mix in the future, according to the investment objective and strategy of the Life Participating Fund.
### Total Expense Ratio
The Total Expense Ratio is the proportion of total expenses incurred by the Life Participating Fund to the assets of the Life Participating Fund. These expenses include costs such as investment, management, distribution, taxation and other expenses.
[p.6]
An expected level of expenses to be incurred by the Life 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 vary significantly from the expected level of expenses, it may affect the non-guaranteed benefits you may receive.
For our Life Participating Fund, the past Total Expense Ratios are shown in the table below.
| | 2023 | 2024 | 2025 | Average over the last 3 years | Average over the last 5 years | Average over the last 10 years |
|---|---|---|---|---|---|---|
| Total Expense Ratio | 0.92% | 0.89% | 0.82% | 0.87% | 0.94% | 0.88% |
Please note that past expense ratios may not be indicative of actual expenses that may be incurred in the future.
### Investment Rate of Return
For our Life Participating Fund, the past investment rates of return (after deducting investment expenses only) are shown in the table below.
| | 2023 | 2024 | 2025 | Average over the last 3 years | Average over the last 5 years | Average over the last 10 years |
|---|---|---|---|---|---|---|
| Investment Returns | 4.19% | 5.07% | 7.66% | 5.63% | 1.58% | 4.04% |
Please note that past performance may not be indicative of future performance.
Changes in the economic and investment environment may affect the investment performance of the Life Participating Fund and the bonuses that you may receive.
### External Fund Managers
Assets in the Life Participating Fund are partly managed by Income Insurance and partly managed by external fund managers appointed by Income Insurance. Details of these external fund managers are shown in Appendix A.
## 5. Factors Affecting the Life Participating Fund's Performance
The performance of the Life Participating Fund depends on a number of factors, of which the main ones are:
- Investment performance of the Life Participating Fund, which impacts the Fund most;
- Expenses incurred in managing the Life Participating Fund;
- Mortality and morbidity claims experience of the Life Participating Fund; and
- Surrender and lapse experience of the Life Participating Fund.
The performance of the Life Participating Fund will affect the bonus allocation of your participating policy each year. Income Insurance will take into account the Fund's current performance, its future outlook, as well as the financial strength of the Life Participating Fund when setting bonus rates.
## 6. How Risks are shared in the Life Participating Fund
Premiums from all participating policyholders are combined and invested in the Life Participating Fund. Hence, the Life Participating Fund is of a significant size that enables risks to be pooled and diversified.
[p.7]
The key risks that the Life Participating Fund is subjected to include investment risks, expense risks (when expenses of running the business are higher than expected), mortality and longevity risks, morbidity risks, and surrender and lapse risks (when actual surrenders differ from expected).
Some non-participating and investment-linked businesses are written in the Life Participating Fund and they may also be subjected to similar risks. These risks result in profit and losses, which will be accounted for in the surplus of the Life Participating Fund, thus influencing its financial strength.
In determining sustainable bonus rates for the participating policies, we look to their asset share, which is the value of the assets available to back the policy. It is calculated as the total premiums received plus actual investment returns and other profits earned by the Life Participating Fund, less expenses and charges and other outgo.
## 7. Smoothing of Bonuses
As investment performance may vary from year to year, bonuses are smoothed to ensure stable medium to long-term returns on your participating policy. This means that bonuses may be held back in good years to support the maintenance of the bonus in years when the performance of the Life Participating Fund is less favourable. It is intended that over the long term, the net impact of smoothing is neutral. Smoothing will never reduce any guaranteed benefits that may apply. Smoothing is a common industry practice.
This product was launched in 2025.
The terminal bonus rates for the past 3 years (or less if the product was launched later) are consistent with the illustrated rates stated in Section 3 "Bonuses".
There is no past experience available for cash bonus rates yet.
Please note that past performance is not necessarily indicative of future performance of the Life Participating Fund.
## 8. Expenses of the Life Participating Fund
Expenses are incurred in the course of running the Life Participating Fund. These expenses include commission, distribution costs, general overheads, underwriting expenses, policy issue and claims expenses, depreciation, etc. This is not an exhaustive list of expenses incurred by the Life Participating Fund.
Expense directly incurred by the Life Participating Fund would be charged to the Life Participating Fund. However, some expenses are shared across all funds. These expenses would be allocated to each fund (including the Life Participating Fund), using a methodology determined by the Appointed Actuary. To ensure equity and fairness, the methodology aims to allocate expenses in a manner that reflects the cost of running the business in each fund.
These expenses incurred by the Life Participating Fund have been included in the premium and will not be separately charged to the policyholder.
[p.8]
The key risks that the Life Participating Fund is subjected to include investment risks, expense risks (when expenses of running the business are higher than expected), mortality and longevity risks, morbidity risks, and surrender and lapse risks (when actual surrenders differ from expected).
Some non-participating and investment-linked businesses are written in the Life Participating Fund and they may also be subjected to similar risks. These risks result in profit and losses, which will be accounted for in the surplus of the Life Participating Fund, thus influencing its financial strength.
In determining sustainable bonus rates for the participating policies, we look to their asset share, which is the value of the assets available to back the policy. It is calculated as the total premiums received plus actual investment returns and other profits earned by the Life Participating Fund, less expenses and charges and other outgo.
## 7. Smoothing of Bonuses
As investment performance may vary from year to year, bonuses are smoothed to ensure stable medium to long-term returns on your participating policy. This means that bonuses may be held back in good years to support the maintenance of the bonus in years when the performance of the Life Participating Fund is less favourable. It is intended that over the long term, the net impact of smoothing is neutral. Smoothing will never reduce any guaranteed benefits that may apply. Smoothing is a common industry practice.
This product was launched in 2025.
The terminal bonus rates for the past 3 years (or less if the product was launched later) are consistent with the illustrated rates stated in Section 3 "Bonuses".
There is no past experience available for cash bonus rates yet.
Please note that past performance is not necessarily indicative of future performance of the Life Participating Fund.
## 8. Expenses of the Life Participating Fund
Expenses are incurred in the course of running the Life Participating Fund. These expenses include commission, distribution costs, general overheads, underwriting expenses, policy issue and claims expenses, depreciation, etc. This is not an exhaustive list of expenses incurred by the Life Participating Fund.
Expense directly incurred by the Life Participating Fund would be charged to the Life Participating Fund. However, some expenses are shared across all funds. These expenses would be allocated to each fund (including the Life Participating Fund), using a methodology determined by the Appointed Actuary. To ensure equity and fairness, the methodology aims to allocate expenses in a manner that reflects the cost of running the business in each fund.
These expenses incurred by the Life Participating Fund have been included in the premium and will not be separately charged to the policyholder.
## 9. Conflict of Interests
We seek to treat our customers fairly, balancing any conflicting interests that arise between various groups and generations of policyholders or between policyholders and shareholders.
## 10. Related Party Transactions
Fullerton Fund Management Company Ltd, an external fund manager which manages a substantial portion of the Life Participating Fund, is a related party to Income Insurance. Income Insurance has governance and controls in place to ensure related party transactions are conducted at arm's length.
## 11. Riders
With additional premiums, 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.
## 12. Premiums
For single premium term, a single premium amount is payable at policy inception using cash or Supplementary Retirement Scheme savings.
For premium term of 5, 10, 15, or 20 years, premiums are payable throughout the premium term. You can choose to pay monthly, quarterly, half-yearly or yearly. Premium rates are guaranteed throughout the premium term.
## 13. Exclusions
There are certain conditions which no benefits will be payable under this policy as listed below. Please refer to the policy contract for the full details of the exclusions.
### Death benefit
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.
### Terminal illness benefit
We will not pay this 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.
[p.9]
## 9. Conflict of Interests
We seek to treat our customers fairly, balancing any conflicting interests that arise between various groups and generations of policyholders or between policyholders and shareholders.
## 10. Related Party Transactions
Fullerton Fund Management Company Ltd, an external fund manager which manages a substantial portion of the Life Participating Fund, is a related party to Income Insurance. Income Insurance has governance and controls in place to ensure related party transactions are conducted at arm's length.
## 11. Riders
With additional premiums, 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.
## 12. Premiums
For single premium term, a single premium amount is payable at policy inception using cash or Supplementary Retirement Scheme savings.
For premium term of 5, 10, 15, or 20 years, premiums are payable throughout the premium term. You can choose to pay monthly, quarterly, half-yearly or yearly. Premium rates are guaranteed throughout the premium term.
## 13. Exclusions
There are certain conditions which no benefits will be payable under this policy as listed below. Please refer to the policy contract for the full details of the exclusions.
### Death benefit
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.
### Terminal illness benefit
We will not pay this 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.
### Other conditions
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.
## 14. Free-Look
You will have 14 days from the date you receive the policy documents to be sure that you want to keep the policy. If we deliver the policy by email or any other electronic means to you, the 14 days will start 7 days after the date of the delivery. If we deliver the policy both by post and email or any other electronic means to you, the 14 days will start 7 days after the date of the delivery by post.
During this time, 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.
## 15. Grace Period
There is a 30 days grace period to pay the premiums due on your policy.
If we are due to pay any benefits during this period, we will take off any unpaid premiums from the benefits.
## 16. Lapse
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.
## 17. Reinstatement Period
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.
[p.10]
### Other conditions
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.
## 14. Free-Look
You will have 14 days from the date you receive the policy documents to be sure that you want to keep the policy. If we deliver the policy by email or any other electronic means to you, the 14 days will start 7 days after the date of the delivery. If we deliver the policy both by post and email or any other electronic means to you, the 14 days will start 7 days after the date of the delivery by post.
During this time, 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.
## 15. Grace Period
There is a 30 days grace period to pay the premiums due on your policy.
If we are due to pay any benefits during this period, we will take off any unpaid premiums from the benefits.
## 16. Lapse
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.
## 17. Reinstatement Period
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.
## 18. Claim
To make a claim for death benefit, we must be told of the claim and all relevant documents to support the claim must be given within six months after the insured's death.
If the basic policy or rider provides for accidental death or accidental total and permanent disability (TPD) benefit, we must be told of the claim and all relevant documents to support the claim must be given within thirty days after the insured's accidental death or accidental TPD. If we are not told of the claim or have not received all relevant documents within thirty days, we will reject the claim unless we deem that you have a valid reason for the delay. You must also show that you have told us and given all relevant documents to support the claim to us as soon as reasonably possible.
To make a claim for other benefits, we must be told of the claim and all relevant documents to support the claim must be given within six months after the diagnosis or the event giving rise to the claim. If we are not told of the claim or have not received all relevant documents within six months, we will reject the claim unless we deem that you have a valid reason for the delay. You must also show that you have told us and given all relevant documents to support the claim to us as soon as reasonably possible.
If we are not told of your claim or have not received all relevant documents for your claim within two years from the date of the event giving rise to the claim, we will not pay the claim.
When you submit a claim in relation to any benefit, we will process the claim across all the policies (and applicable riders) you hold with us. We will not accept any request to claim under only certain policies that you have with us.
When we pay a claim, we will not refund any premiums that have been paid.
## 19. Termination
You may write in to terminate or surrender your policy any time. Please refer to our webpage for the termination or surrender procedures: income.com.sg/claims/life-and-health-insurance/surrender-of-policies.
Please note that an early termination of the policy usually involves high costs and the surrender value payable (if applicable) may be zero or less than the total premiums paid.
If you cancel your policy before the next premium is due, we will also end your compulsory rider from the next premium due date and we will not refund any unused premium.
## 20. Performance Update
To evaluate the performance of your policy and the Life Participating Fund, you may wish to refer to the following documents:
i. Annual Bonus Update (sent annually to participating policyholders)
ii. Policyholder Annual Statement (sent annually to all policyholders)
iii. Post Sales Illustration (available upon request)
[p.11]
## 18. Claim
To make a claim for death benefit, we must be told of the claim and all relevant documents to support the claim must be given within six months after the insured's death.
If the basic policy or rider provides for accidental death or accidental total and permanent disability (TPD) benefit, we must be told of the claim and all relevant documents to support the claim must be given within thirty days after the insured's accidental death or accidental TPD. If we are not told of the claim or have not received all relevant documents within thirty days, we will reject the claim unless we deem that you have a valid reason for the delay. You must also show that you have told us and given all relevant documents to support the claim to us as soon as reasonably possible.
To make a claim for other benefits, we must be told of the claim and all relevant documents to support the claim must be given within six months after the diagnosis or the event giving rise to the claim. If we are not told of the claim or have not received all relevant documents within six months, we will reject the claim unless we deem that you have a valid reason for the delay. You must also show that you have told us and given all relevant documents to support the claim to us as soon as reasonably possible.
If we are not told of your claim or have not received all relevant documents for your claim within two years from the date of the event giving rise to the claim, we will not pay the claim.
When you submit a claim in relation to any benefit, we will process the claim across all the policies (and applicable riders) you hold with us. We will not accept any request to claim under only certain policies that you have with us.
When we pay a claim, we will not refund any premiums that have been paid.
## 19. Termination
You may write in to terminate or surrender your policy any time. Please refer to our webpage for the termination or surrender procedures: income.com.sg/claims/life-and-health-insurance/surrender-of-policies.
Please note that an early termination of the policy usually involves high costs and the surrender value payable (if applicable) may be zero or less than the total premiums paid.
If you cancel your policy before the next premium is due, we will also end your compulsory rider from the next premium due date and we will not refund any unused premium.
## 20. Performance Update
To evaluate the performance of your policy and the Life Participating Fund, you may wish to refer to the following documents:
i. Annual Bonus Update (sent annually to participating policyholders)
ii. Policyholder Annual Statement (sent annually to all policyholders)
iii. Post Sales Illustration (available upon request)
## 21. 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 Income Insurance or visit the GIA/LIA or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).
## DISCLAIMER
This product summary does not form a part of the contract of insurance. It is only meant to be a simplified description of the product features which apply to this plan and does not explain the whole contract. The contents of this product summary may be different from the terms of cover eventually issued. Please read the policy contract for the precise terms, conditions and exclusions. Only the terms, conditions and exclusions in the policy contract will be enforceable by the policyholder and Income Insurance.
[p.12]
## 21. 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 Income Insurance or visit the GIA/LIA or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).
## DISCLAIMER
This product summary does not form a part of the contract of insurance. It is only meant to be a simplified description of the product features which apply to this plan and does not explain the whole contract. The contents of this product summary may be different from the terms of cover eventually issued. Please read the policy contract for the precise terms, conditions and exclusions. Only the terms, conditions and exclusions in the policy contract will be enforceable by the policyholder and Income Insurance.
---
# Appendix A - List of External Fund Managers
## Appointed Managers
1. Allianz Global Investors Singapore Limited - 79 Robinson Road #09-03 | Singapore 068897
2. Baillie Gifford Asia (HK) Limited - Suites 2713-2715, 8 Finance Street | Two International Finance Centre Central, Hong Kong
3. Blackstone Credit Hibiscus Feeder Fund LP - 345 Park Avenue, #31/F | New York, NY 10154
4. BlackRock - 20 Anson Road #18-01 | Twenty Anson Singapore 079912
5. CBRE Investment Management Indirect Limited - 2 Tanjong Katong Road #06-01 | Paya Lebar Quarter Singapore 437161
6. Cerberus Capital Management, L.P. - 875 Third Avenue, #10/F | New York, NY 10022
7. E Fund Management (HK) Co., Limited - Suites 3501-02, 8 Finance Street | Two International Finance Centre Central, Hong Kong
8. J.P. Morgan Asset Management - 88 Market Street #30/F | CapitaSpring Singapore 048948
9. MFS International Limited - 250 North Bridge Road #08-01 | Raffles City Tower Singapore 179101
10. Morgan Stanley Investment Management - 23 Church Street #16-01 | Capital Square Singapore 049481
11. PIMCO Asia Pte Ltd - 8 Marina View #30-01 | Asia Square Tower 1 Singapore 018960
12. SeaTown Private Strategies GP II Pte. Ltd. - 3 Fraser Street #06-23 | DUO Tower Singapore 189352
13. Schroder Investment Management Ltd - 138 Market Street #23-01 | CapitaGreen Singapore 048946
[p.13]
## Appointed Managers
1. Allianz Global Investors Singapore Limited - 79 Robinson Road #09-03 | Singapore 068897
2. Baillie Gifford Asia (HK) Limited - Suites 2713-2715, 8 Finance Street | Two International Finance Centre Central, Hong Kong
3. Blackstone Credit Hibiscus Feeder Fund LP - 345 Park Avenue, #31/F | New York, NY 10154
4. BlackRock - 20 Anson Road #18-01 | Twenty Anson Singapore 079912
5. CBRE Investment Management Indirect Limited - 2 Tanjong Katong Road #06-01 | Paya Lebar Quarter Singapore 437161
6. Cerberus Capital Management, L.P. - 875 Third Avenue, #10/F | New York, NY 10022
7. E Fund Management (HK) Co., Limited - Suites 3501-02, 8 Finance Street | Two International Finance Centre Central, Hong Kong
8. J.P. Morgan Asset Management - 88 Market Street #30/F | CapitaSpring Singapore 048948
9. MFS International Limited - 250 North Bridge Road #08-01 | Raffles City Tower Singapore 179101
10. Morgan Stanley Investment Management - 23 Church Street #16-01 | Capital Square Singapore 049481
11. PIMCO Asia Pte Ltd - 8 Marina View #30-01 | Asia Square Tower 1 Singapore 018960
12. SeaTown Private Strategies GP II Pte. Ltd. - 3 Fraser Street #06-23 | DUO Tower Singapore 189352
13. Schroder Investment Management Ltd - 138 Market Street #23-01 | CapitaGreen Singapore 048946
14. State Street Global Markets - Portfolio Solutions - 168 Robinson Road #33-01 | Capital Tower Singapore 068912
15. Wellington International Management Company Pte Ltd - 8 Marina Boulevard, #03-01 | Tower 1, Marina Bay Financial Centre Singapore 018981
16. Invesco Asset Management Singapore Limited - 9 Raffles Place #18-01 | Republic Plaza Singapore 048619
17. Russell Investments - 135 King Street #29/F | Sydney, NSW 2000, Australia
18. Fullerton Fund Management Company Ltd - 3 Fraser Street #09-28 | DUO Tower Singapore 189352
19. Barings LLC - 300 South Tryon Street, Suite 2500 | Charlotte, NC 28202
20. Blue Owl Capital - 399 Park Avenue, #37/F | New York, NY 10022
21. Ares Capital Management LLC - 245 Park Avenue, #44/F | New York, NY 10167
22. Churchill Asset Management - 375 Park Avenue, #9/F | New York, NY 10152
23. Goldman Sachs Asset Management, L.P. - 200 West Street, #15/F | New York, NY 10282
24. HPS Investment Partners, LLC - 40 West 57th Street, #33/F | New York, NY 10019
25. TPG Angelo Gordon - 245 Park Avenue, #26/F | New York, NY 10167
26. MGG Investment Group - One Pennsylvania Plaza, #53/F | New York, NY 10119
27. Crescent Credit Europe LLP - 2 Cavendish Square | London W1G 0PU
28. Permira Credit - 100 Pall Mall, #2F | London, SW1Y 5NQ
[p.14]
29. Coller Capital Limited - Park House, 116 Park Street | London, W1K 6AF
30. Crescent Capital Group - 11100 Santa Monica Boulevard, Suite 2000 | Los Angeles, CA 90025
31. Sixth Street Partners - 1 Letterman Dr, Building B/Yoda Fountain | San Francisco, CA 94129
32. CapitaLand Investment Limited - 168 Robinson Road, #30-01 Capital Tower | Singapore 068912
---
# Appendix B – Cash Bonus Rates
Cash bonus rates (percentage of cash benefit) at the illustrated investment rates of return of 4.25% p.a.
- Cash bonus rates for payout term 10, 15 and 20 years does not vary by entry age. Cash bonus rates for payout to age 100 vary by entry age. For payout to age 100, the range of cash bonus shown in table below refers to the different cash bonus rates applicable for different entry ages.
- Please refer to your policy illustration for applicable cash bonuses for your policy.
## Payout Period 10 years
| Accumulation Period | Single premium | 5 years | 10 years | 15 years | 20 years |
|---|---|---|---|---|---|
| 5 | 29.50% | | | | |
| 6 | 33.56% | | | | |
| 7 | 38.66% | | | | |
| 8 | 43.76% | | | | |
| 9 | 48.86% | | | | |
| 10 | 55.00% | 42.00% | | | |
| 11 | 61.10% | 50.00% | | | |
| 12 | 67.20% | 54.00% | | | |
| 13 | 73.30% | 59.00% | | | |
| 14 | 79.40% | 63.00% | | | |
| 15 | 85.50% | 68.50% | 57.00% | | |
| 16 | 90.78% | 72.86% | 61.38% | | |
| 17 | 96.06% | 77.22% | 65.76% | | |
| 18 | 101.34% | 81.58% | 70.14% | | |
| 19 | 106.62% | 85.94% | 74.52% | | |
| 20 | 111.89% | 90.30% | 78.90% | 67.84% | |
| 21 | 116.50% | 94.34% | 83.28% | 72.76% | |
| 22 | 118.79% | 96.60% | 86.78% | 77.04% | |
| 23 | 121.07% | 99.91% | 90.25% | 80.56% | |
| 24 | 123.34% | 104.03% | 94.63% | 84.80% | |
| 25 | 125.63% | 109.18% | 100.80% | 90.10% | 76.60% |
| 26 | 133.72% | 115.47% | 107.10% | 95.15% | 81.71% |
| 27 | 141.82% | 122.93% | 112.32% | 100.20% | 86.09% |
[p.16]
| Accumulation Period | Single premium | 5 years | 10 years | 15 years | 20 years |
|---|---|---|---|---|---|
| 28 | 149.92% | 130.53% | 118.65% | 105.25% | 90.47% |
| 29 | 158.01% | 137.19% | 123.90% | 109.75% | 94.46% |
| 30 | 166.10% | 145.06% | 129.15% | 115.36% | 99.40% |
| 31 | 174.77% | 151.85% | 135.68% | 120.85% | 104.18% |
| 32 | 183.46% | 158.64% | 142.31% | 126.34% | 109.47% |
| 33 | 192.12% | 165.43% | 148.73% | 131.83% | 114.87% |
| 34 | 200.80% | 172.22% | 155.52% | 137.32% | 120.26% |
| 35 | 209.47% | 179.00% | 160.92% | 142.80% | 125.77% |
| 36 | 218.20% | 188.00% | 165.36% | 149.48% | 131.79% |
| 37 | 226.92% | 195.03% | 171.15% | 154.60% | 136.14% |
| 38 | 235.64% | 201.99% | 178.50% | 159.67% | 142.35% |
| 39 | 244.37% | 208.88% | 186.90% | 166.35% | 148.01% |
| 40 | 253.09% | 220.00% | 195.70% | 174.44% | 155.14% |
| 41 | 263.20% | 228.60% | 204.88% | 182.15% | 163.84% |
| 42 | 273.29% | 237.20% | 216.30% | 189.86% | 171.08% |
| 43 | 283.39% | 245.80% | 223.65% | 197.57% | 179.77% |
| 44 | 293.48% | 254.40% | 233.20% | 204.26% | 188.04% |
| 45 | 303.57% | 263.00% | 242.89% | 213.00% | 197.64% |
| 46 | 312.13% | 272.20% | 251.45% | 222.11% | 204.49% |
| 47 | 323.95% | 281.40% | 260.01% | 231.22% | 211.87% |
| 48 | 334.25% | 290.60% | 268.57% | 240.33% | 218.53% |
| 49 | 344.65% | 299.80% | 277.13% | 249.44% | 225.94% |
| 50 | 353.37% | 309.00% | 284.08% | 258.53% | 233.40% |
## Payout Period 15 years
| Accumulation Period | Single premium | 5 years | 10 years | 15 years | 20 years |
|---|---|---|---|---|---|
| 5 | 40.75% | | | | |
| 6 | 46.60% | | | | |
| 7 | 52.45% | | | | |
| 8 | 58.30% | | | | |
| 9 | 64.15% | | | | |
| 10 | 70.00% | 56.00% | | | |
| 11 | 77.65% | 61.00% | | | |
| 12 | 85.30% | 67.00% | | | |
| 13 | 92.95% | 72.00% | | | |
| 14 | 100.60% | 78.00% | | | |
| 15 | 108.25% | 83.00% | 70.00% | | |
| 16 | 113.38% | 87.43% | 73.37% | | |
| 17 | 118.51% | 90.61% | 77.87% | | |
| 18 | 123.64% | 93.79% | 82.36% | | |
| 19 | 128.77% | 96.97% | 86.86% | | |
| 20 | 133.92% | 99.65% | 91.35% | 78.75% | |
| 21 | 137.61% | 104.67% | 96.93% | 84.00% | |
| 22 | 139.75% | 108.30% | 100.99% | 87.15% | |
| 23 | 141.89% | 111.46% | 105.03% | 91.35% | |
| 24 | 144.02% | 115.77% | 108.97% | 95.55% | |
| 25 | 145.76% | 121.59% | 113.00% | 101.92% | 86.95% |
| 26 | 154.28% | 128.51% | 118.65% | 105.47% | 90.66% |
| 27 | 162.81% | 135.62% | 125.32% | 111.19% | 95.78% |
[p.17]
| Accumulation Period | Single premium | 5 years | 10 years | 15 years | 20 years |
|---|---|---|---|---|---|
| 28 | 171.34% | 142.93% | 130.91% | 115.81% | 100.31% |
| 29 | 179.86% | 150.38% | 136.50% | 120.43% | 105.38% |
| 30 | 188.38% | 154.00% | 142.15% | 125.00% | 108.97% |
| 31 | 196.99% | 159.50% | 148.63% | 131.20% | 114.41% |
| 32 | 205.60% | 166.47% | 155.15% | 137.40% | 120.12% |
| 33 | 214.21% | 173.43% | 161.57% | 143.60% | 125.80% |
| 34 | 222.82% | 181.29% | 168.18% | 149.80% | 131.59% |
| 35 | 231.43% | 188.28% | 174.62% | 156.00% | 137.42% |
| 36 | 240.44% | 197.21% | 180.70% | 163.02% | 143.75% |
| 37 | 249.45% | 205.15% | 186.90% | 170.04% | 149.80% |
| 38 | 258.46% | 214.09% | 194.78% | 177.06% | 156.21% |
| 39 | 267.47% | 221.99% | 203.70% | 184.08% | 162.24% |
| 40 | 276.48% | 233.19% | 212.30% | 191.10% | 169.03% |
| 41 | 285.47% | 242.21% | 220.63% | 197.68% | 175.12% |
| 42 | 294.46% | 253.68% | 231.39% | 206.26% | 183.86% |
| 43 | 303.45% | 260.76% | 239.75% | 213.77% | 190.85% |
| 44 | 312.43% | 270.29% | 248.44% | 224.57% | 200.84% |
| 45 | 324.88% | 280.34% | 259.21% | 234.00% | 209.50% |
| 46 | 334.29% | 291.08% | 270.02% | 243.30% | 219.88% |
| 47 | 345.33% | 300.97% | 279.03% | 252.60% | 226.28% |
| 48 | 355.61% | 310.85% | 288.03% | 261.90% | 234.26% |
| 49 | 365.94% | 322.30% | 298.51% | 273.91% | 245.37% |
| 50 | 375.43% | 332.24% | 308.77% | 280.50% | 253.89% |
| Payout Period | 15 years | | | | | Payout Period | 15 years | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Accumulation Period | Single premium | 5 years | 10 years | 15 years | 20 years | Accumulation Period | Single premium | 5 years | 10 years | 15 years | 20 years |
| | | | | | | | Premium Term | | | | |
| 5 | 40.75% | | | | | 28 | 171.34% | 142.93% | 130.91% | 115.81% | 100.31% |
| 6 | 46.60% | | | | | 29 | 179.86% | 150.38% | 136.50% | 120.43% | 105.38% |
| 7 | 52.45% | |
---
### https://lifeinsurance.com.sg/api/product/income/gro-saver-flex-pro/summary.md
# 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.*
---
### https://lifeinsurance.com.sg/api/product/income/gro-saver-flex-pro/wording.md
# Gro Saver Flex Pro (GSME)
Version 1.26
## 1. Policy Description
Gro Saver Flex Pro is an endowment plan with flexible options of policy terms and premium terms which allows the policyholder to customise accordingly to best meet their savings goals. The premium terms available are single premium, 5, 10, 15, 20, 25 or 30 years. Depending on the premium term selected, the policy terms available are 10, 15, 20, 25, 30 years or till age 120.
This plan provides protection against death and terminal illness of the insured during the policy term.
If the insured survives at the end of the policy term and the policy has not already ended, the policy will pay a maturity benefit.
Gro Saver Flex Pro is a participating life insurance policy. It allows you to participate in the performance of the Life Participating Fund in the form of bonuses that are not guaranteed. You can find more details about the bonuses in Section 3.
The sum assured in this plan is a notional value used to determine the bonuses (non-guaranteed). It does not represent the amount payable upon death or diagnosis of terminal illness.
[p.1]
## 2. Benefits
### 2.1 Death Benefit
Upon death of the insured during the term of the policy, this policy will pay:
(a) 105% of all net premium(s) paid; or
(b) 101% of the surrender value
whichever is higher.
Any policy loan and interest will be deducted from the benefit amount payable.
The policy terminates thereafter.
If a secondary insured has been appointed before the insured dies, the death benefit will not be paid out. Upon the death of the insured, the secondary insured becomes the insured and the policy will continue.
Net premium(s) means the regular or single premium amount as shown in the policy schedule, or the reduced regular or single premium amount if a part of this policy has been cashed in earlier. If you change the frequency of your regular premium amount, we will use the then current regular premium amount to work out all net premium(s) paid. Net premium(s) do not include the premiums paid on riders.
### 2.2 Terminal Illness (TI) Benefit
Upon diagnosis of the insured with TI during the term of the policy, this policy will pay:
(a) 105% of all net premium(s) paid; or
(b) 101% of the surrender value
whichever is higher.
Any policy loan and interest will be deducted from the benefit amount payable.
The policy terminates thereafter.
If a secondary insured has been appointed before the insured dies, the terminal illness benefit will not be paid out. Upon the death of the insured, the secondary insured becomes the insured and the policy will continue.
Please refer to the policy contract for the exact terms and definition of TI.
[p.2]
### 2.3 Maturity Benefit
If the insured survives at the end of the policy term and the policy has not already ended, the policy will pay the surrender value.
Any policy loan and interest will be deducted from the benefit amount payable.
The policy terminates thereafter.
### 2.4 Secondary Insured Option
A secondary insured may be appointed (including at application) during the policy term when the policy is in force to ensure the continuity of the policy upon death of the insured.
The secondary insured may be appointed or removed before the death of the insured provided the following conditions are met:
- the premium of this policy is paid only with cash;
- no nomination of beneficiary has been made for this policy; and
- there is no change to the ownership of this policy including assignment, bankruptcy and trust.
The secondary insured must be yourself (before the age of 65 years old), your spouse (before the age of 65 years old), or your child or ward (before the age of 18 years old) at the time of exercising this option.
This option to appoint a secondary insured cannot be exercised more than three times.
The secondary insured becomes the insured of this policy only upon death of the insured for the remaining policy term. This policy can only have one insured at any point of time.
### 2.5 Guaranteed Insurability Option to Buy Another Life Policy
If the original insured experiences any of the following life events, a new policy with only death and total and permanent disability benefits may be taken up on the original insured's life, without evidence of good health.
i. Turning 21
ii. Marriage
iii. Divorce
iv. Becoming a parent
v. Death of spouse
vi. Purchase of a residential property
The sum assured for the new policy will be limited to 50% of the sum assured for this policy, or S$100,000, whichever is lower.
The original insured must meet all the following conditions to take up this option.
- The original insured must take up this option within three months after the date of the life event.
- The original insured must not be totally and permanently disabled, or be diagnosed with an advanced-stage dread disease at the time of taking up this option.
- The original insured must be 50 years old and under at the time of taking up this option.
- The life event must have taken place no earlier than 12 months after the cover start date of the policy.
- At Income Insurance Limited (Income Insurance)'s request, the original insured must provide satisfactory documentary proof of a life event.
The original insured can take up this option no more than two times. Each time the original insured takes up this option, it must be on a different life event.
Any special terms that are added to this policy (such as extra exclusions or an increased premium) will also be added to the new policy which the original insured takes up.
Original insured means the insured that was appointed when we issued this policy.
### 2.6 Surrender Value
You may choose to surrender this policy partially (withdrawal of surrender value) or fully.
If you choose to surrender this policy partially, the sum assured of this policy after the partial surrender payout cannot be less than the minimum sum assured or any amount we may tell you about.
The minimum sum assured is S$10,000 and S$25,000 for single premium and regular premium term respectively.
Any partial surrender will reduce the long term surrender value of this policy. Your policy will end if you surrender this policy fully.
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.
Please note that buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be zero or less than the total premiums paid.
Depending on your policy and time of surrender, the return on your policy may be low. It may also be likely that you could incur a loss on your policy in the event of early surrender. You may wish to refer to your policy illustration to understand the cost of surrendering your policy, especially in early durations.
[p.3]
## 3. Bonuses
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.
The bonus rates in this section are based on the illustrated Investment Rate of Return of the Participating Fund at 4.25% per annum.
In comparison, at an illustrated Investment Rate of Return of 3.00% per annum, 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 amount at the illustrated Investment Rate of Return of 3.00% per annum and 4.25% per annum 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.
Please note that the actual bonuses, if any, declared in the future may be higher or lower than those illustrated in this section.
i. 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.
| Bonus Rate |
|-----------|
| 0.30% of sum assured compounded at 0.30% |
ii. Terminal bonus is an additional bonus, which we may pay at the time of a claim, maturity or surrender of the policy.
Please refer to Appendix B for the applicable terminal bonus rate.
Future bonuses of this plan, which have yet to be added to your policy, are not guaranteed. Each year, Income Insurance will decide on the amount of bonuses to be allocated to each participating plan. Bonus allocations are approved by the Board of Directors, based on the recommendation by the Appointed Actuary.
All guaranteed benefits, including bonuses which have already been added to your policy, will be provided for regardless of the performance of the Life Participating Fund.
This policy will become eligible for bonuses after 2 years from the policy entry date.
Please note that buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be zero or less than the total premiums paid.
Depending on your policy and time of surrender, the return on your policy may be low. It may also be likely that you could incur a loss on your policy in the event of early surrender. You may wish to refer to your policy illustration to understand the cost of surrendering your policy, especially in early durations.
[p.4]
## 4. Investment of the Life Participating Fund
Premiums from all participating policyholders are combined and invested in our Life Participating Fund, which has a broad mix of investment assets.
### Investment Objective
The investment objective of the Life Participating Fund is to maximize returns for our participating policyholders while maintaining an acceptable level of risk.
### Investment Strategy
When setting the investment strategy of the Life Participating Fund, we aim to balance between seeking an attractive return over the long run and taking an acceptable level of risk. The major factors we consider include the product design (e.g. amount of guaranteed benefits, policy term) of our plans, Income Insurance's financial strength, and the prevailing regulations.
### Current Investment Mix and Performance of the Life Participating Fund
The Life Participating Fund is invested in a wide mix of assets. The main asset classes are local and overseas equities, bonds, property and cash.
As of 31 December 2025, the investment mix of the Life Participating Fund is:
| Asset Type | Strategic Asset Allocation | Current Investment Mix |
|-----------|---------------------------|----------------------|
| Risky Assets¹ | 32% | 39%² |
| Fixed Income, Cash & Others | 68% | 61% |
¹ Includes equities and properties
² Includes Collective investment schemes (CIS)
Over time, the relative return of different types of assets may change substantially. Hence, we may vary the investment mix in the future, according to the investment objective and strategy of the Life Participating Fund.
### Total Expense Ratio
The Total Expense Ratio is the proportion of total expenses incurred by the Life Participating Fund to the assets of the Life 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 Life 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 vary significantly from the expected level of expenses, it may affect the non-guaranteed benefits you may receive.
For our Life Participating Fund, the past Total Expense Ratios are shown in the table below.
| | 2023 | 2024 | 2025 | Average over the last 3 years | Average over the last 5 years | Average over the last 10 years |
|-----------|------|------|------|-------------------------------|-------------------------------|-------------------------------|
| Total Expense Ratio | 0.92% | 0.89% | 0.82% | 0.87% | 0.94% | 0.88% |
Please note that past expense ratios may not be indicative of actual expenses that may be incurred in the future.
[p.5]
### Investment Rate of Return
For our Life Participating Fund, the past investment rates of return (after deducting investment expenses only) are shown in the table below.
| | 2023 | 2024 | 2025 | Average over the last 3 years | Average over the last 5 years | Average over the last 10 years |
|-----------|------|------|------|-------------------------------|-------------------------------|-------------------------------|
| Investment Returns | 4.19% | 5.07% | 7.66% | 5.63% | 1.58% | 4.04% |
Please note that past performance may not be indicative of future performance.
Changes in the economic and investment environment may affect the investment performance of the Life Participating Fund and the bonuses that you may receive.
### External Fund Managers
Assets in the Life Participating Fund are partly managed by Income Insurance and partly managed by external fund managers appointed by Income Insurance. Details of these external fund managers are shown in Appendix A.
## 5. Factors Affecting the Life Participating Fund's Performance
The performance of the Life Participating Fund depends on a number of factors, of which the main ones are:
- Investment performance of the Life Participating Fund, which impacts the Fund most;
- Expenses incurred in managing the Life Participating Fund;
- Mortality and morbidity claims experience of the Life Participating Fund; and
- Surrender and lapse experience of the Life Participating Fund.
The performance of the Life Participating Fund will affect the bonus allocation of your participating policy each year. Income Insurance will take into account the Fund's current performance, its future outlook, as well as the financial strength of the Life Participating Fund when setting bonus rates.
## 6. How Risks are shared in the Life Participating Fund
Premiums from all participating policyholders are combined and invested in the Life Participating Fund. Hence, the Life Participating Fund is of a significant size that enables risks to be pooled and diversified.
The key risks that the Life Participating Fund is subjected to include investment risks, expense risks (when expenses of running the business are higher than expected), mortality and longevity risks, morbidity risks, and surrender and lapse risks (when actual surrenders differ from expected).
Some non-participating and investment-linked businesses are written in the Life Participating Fund and they may also be subjected to similar risks. These risks result in profit and losses, which will be accounted for in the surplus of the Life Participating Fund, thus influencing its financial strength.
In determining sustainable bonus rates for the participating policies, we look to their asset share, which is the value of the assets available to back the policy. It is calculated as the total premiums received plus actual investment returns and other profits earned by the Life Participating Fund, less expenses and charges and other outgo.
[p.6]
## 7. Smoothing of Bonuses
As investment performance may vary from year to year, bonuses are smoothed to ensure stable medium to long-term returns on your participating policy. This means that bonuses may be held back in good years to support the maintenance of the bonus in years when the performance of the Life Participating Fund is less favourable. It is intended that over the long term, the net impact of smoothing is neutral. Smoothing will never reduce any guaranteed benefits that may apply. Smoothing is a common industry practice.
This product was launched in 2022.
The bonus rates for the past 3 years (or less if the product was launched later) are consistent with the illustrated rates stated in Section 3 "Bonuses".
Please note that past performance is not necessarily indicative of future performance of the Life Participating Fund.
## 8. Expenses of the Life Participating Fund
Expenses are incurred in the course of running the Life Participating Fund. These expenses include commission, distribution costs, general overheads, underwriting expenses, policy issue and claims expenses, depreciation, etc. This is not an exhaustive list of expenses incurred by the Life Participating Fund.
Expense directly incurred by the Life Participating Fund would be charged to the Life Participating Fund. However, some expenses are shared across all funds. These expenses would be allocated to each fund (including the Life Participating Fund), using a methodology determined by the Appointed Actuary. To ensure equity and fairness, the methodology aims to allocate expenses in a manner that reflects the cost of running the business in each fund.
These expenses incurred by the Life Participating Fund have been included in the premium and will not be separately charged to the policyholder.
## 9. Conflict of Interests
We seek to treat our customers fairly, balancing any conflicting interests that arise between various groups and generations of policyholders or between policyholders and shareholders.
## 10. Related Party Transactions
Fullerton Fund Management Company Ltd, an external fund manager which manages a substantial portion of the Life Participating Fund, is a related party to Income Insurance. Income Insurance has governance and controls in place to ensure related party transactions are conducted at arm's length.
## 11. Riders
With additional premiums, 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.
[p.7]
## 12. Premiums
For single premium term, a single premium amount is payable at policy inception using cash or Supplementary Retirement Scheme savings.
For premium term of 5, 10, 15, 20, 25 or 30 years, premiums are payable throughout the premium term. You can choose to pay monthly, quarterly, half-yearly or yearly. Premium rates are guaranteed.
## 13. Exclusions
There are certain conditions which no benefits will be payable under this policy as listed below. Please refer to the policy contract for the full details of the exclusions.
### Death Benefit
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.
### Terminal Illness (TI) Benefit
The 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.
### Other Conditions
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.
## 14. Free-Look
You will have 14 days from the date you receive the policy documents to be sure that you want to keep the policy. If we deliver the policy by email or any other electronic means to you, the 14 days will start 7 days after the date of the delivery. If we deliver the policy both by post and email or any other electronic means to you, the 14 days will start 7 days after the date of the delivery by post.
During this time, 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.
[p.8]
## 15. Grace Period
For premium term of 5, 10, 15, 20, 25 or 30 years, there is a 30 days grace period to pay the premiums due on your policy.
If we are due to pay any benefits during this period, we will take off any unpaid premiums from the benefits.
## 16. Lapse
If premiums are still not paid after the grace period, your policy and its riders (if any) may lapse. 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.
## 17. Reinstatement Period
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.
## 18. Claim
To make a claim for death benefit, we must be told within six months after the insured's death.
If this policy provides for accidental death or accidental total and permanent disability (TPD) benefit, we must be told within thirty days after the insured's death or TPD. If you tell us after the thirty days, we will not pay the claim for accidental death or accidental TPD benefit.
To make a claim for other benefits, we must be told within six months after the diagnosis or the event giving rise to the claim. If you tell us after the six months, we will not pay the claim for the other benefits.
When we pay a claim, we will not refund any premiums that have been paid.
Please refer to our webpage for the claim procedures: income.com.sg/claims.
## 19. Termination
You may write in to terminate or surrender your policy any time. Please refer to our webpage for the termination or surrender procedures: income.com.sg/claims/life-and-health-insurance/surrender-of-policies.
Please note that an early termination of the policy usually involves high costs and the surrender value payable (if applicable) may be zero or less than the total premiums paid.
[p.9]
## 20. Performance Update
To evaluate the performance of your policy and the Life Participating Fund, you may wish to refer to the following documents:
i. Annual Bonus Update (sent annually to participating policyholders)
ii. Policyholder Annual Statement (sent annually to all policyholders)
iii. Post Sales Illustration (available upon request)
## 21. 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 Income Insurance or visit the GIA/LIA or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).
## DISCLAIMER
This product summary does not form a part of the contract of insurance. It is only meant to be a simplified description of the product features which apply to this plan and does not explain the whole contract. The contents of this product summary may be different from the terms of cover eventually issued. Please read the policy contract for the precise terms, conditions and exclusions. Only the terms, conditions and exclusions in the policy contract will be enforceable by the policyholder and Income Insurance.
[p.10]
---
# Appendix A - List of External Fund Managers
## Appointed Managers:
1. Allianz Global Investors Singapore Limited - 79 Robinson Road #09-03 | Singapore 068897
2. Baillie Gifford Asia (HK) Limited - Suites 2713-2715, 8 Finance Street | Two International Finance Centre Central, Hong Kong
3. Blackstone Credit Hibiscus Feeder Fund LP - 345 Park Avenue, #31/F | New York, NY 10154
4. BlackRock - 20 Anson Road #18-01 | Twenty Anson Singapore 079912
5. CBRE Investment Management Indirect Limited - 2 Tanjong Katong Road #06-01 | Paya Lebar Quarter Singapore 437161
6. Cerberus Capital Management, L.P. - 875 Third Avenue, #10/F | New York, NY 10022
7. E Fund Management (HK) Co., Limited - Suites 3501-02, 8 Finance Street | Two International Finance Centre Central, Hong Kong
8. J.P. Morgan Asset Management - 88 Market Street #30/F | CapitaSpring Singapore 048948
9. MFS International Limited - 250 North Bridge Road #08-01 | Raffles City Tower Singapore 179101
10. Morgan Stanley Investment Management - 23 Church Street #16-01 | Capital Square Singapore 049481
11. PIMCO Asia Pte Ltd - 8 Marina View #30-01 | Asia Square Tower 1 Singapore 018960
12. SeaTown Private Strategies GP II Pte. Ltd. - 3 Fraser Street #06-23 | DUO Tower Singapore 189352
13. Schroder Investment Management Ltd - 138 Market Street #23-01 | CapitaGreen Singapore 048946
14. State Street Global Markets - Portfolio Solutions - 168 Robinson Road #33-01 | Capital Tower Singapore 068912
15. Wellington International Management Company Pte Ltd - 8 Marina Boulevard, #03-01 | Tower 1, Marina Bay Financial Centre Singapore 018981
16. Invesco Asset Management Singapore Limited - 9 Raffles Place #18-01 | Republic Plaza Singapore 048619
17. Russell Investments - 135 King Street #29/F | Sydney, NSW 2000, Australia
18. Fullerton Fund Management Company Ltd - 3 Fraser Street #09-28 | DUO Tower Singapore 189352
19. Barings LLC - 300 South Tryon Street, Suite 2500 | Charlotte, NC 28202
20. Blue Owl Capital - 399 Park Avenue, #37/F | New York, NY 10022
21. Ares Capital Management LLC - 245 Park Avenue, #44/F | New York, NY 10167
22. Churchill Asset Management - 375 Park Avenue, #9/F | New York, NY 10152
23. Goldman Sachs Asset Management, L.P. - 200 West Street, #15/F | New York, NY 10282
24. HPS Investment Partners, LLC - 40 West 57th Street, #33/F | New York, NY 10019
25. TPG Angelo Gordon - 245 Park Avenue, #26/F | New York, NY 10167
26. MGG Investment Group - One Pennsylvania Plaza, #53/F | New York, NY 10119
27. Crescent Credit Europe LLP - 2 Cavendish Square | London W1G 0PU
28. Permira Credit - 100 Pall Mall, #2F | London, SW1Y 5NQ
29. Coller Capital Limited - Park House, 116 Park Street | London, W1K 6AF
30. Crescent Capital Group - 11100 Santa Monica Boulevard, Suite 2000 | Los Angeles, CA 90025
31. Sixth Street Partners - 1 Letterman Dr, Building B/Yoda Fountain | San Francisco, CA 94129
32. CapitaLand Investment Limited - 168 Robinson Road, #30-01 Capital Tower | Singapore 068912
[p.11-13]
---
# Appendix B – Terminal Bonus Rates
## Terminal bonus rates at the illustrated investment rates of return of 4.25% p.a.
A terminal bonus (TB) defined as a percentage of the accumulated reversionary bonuses will top-up the total amount payable upon claim, surrender or maturity of the policy, if applicable. This TB is not-guaranteed and will be determined annually.
### i) Surrender
#### Premium Term 5 years
| Duration | Policy Term 10 years | Policy Term 15 years | Policy Term 20 years | Policy Term 25 years | Policy Term 30 years | Policy Term Till age 120 | Bonus Rate |
|----------|------------------|------------------|------------------|------------------|------------------|---------------------|-----------|
| 1 | 0% | 0% | 0% | 0% | 0% | 0% |
| 2 | 0% | 0% | 0% | 0% | 0% | 0% |
| 3 | 241% | 241% | 241% | 241% | 241% | 241% |
| 4 | 270% | 270% | 270% | 270% | 270% | 270% |
| 5 | 320% | 320% | 320% | 320% | 320% | 320% |
| 6 | 395% | 395% | 395% | 395% | 395% | 395% |
| 7 | 475% | 475% | 475% | 475% | 475% | 475% |
| 8 | 515% | 515% | 515% | 515% | 515% | 515% |
| 9 | 555% | 555% | 555% | 555% | 555% | 555% |
| 10 | 600% | 600% | 600% | 600% | 600% | 600% |
| 11 | | 649% | 649% | 649% | 649% | |
| 12 | | 697% | 697% | 697% | 697% | |
| 13 | | 746% | 746% | 746% | 746% | |
| 14 | | 794% | 794% | 794% | 794% | |
| 15 | | 843% | 843% | 843% | 843% | |
| 16 | | | 890% | 890% | 890% | |
| 17 | | | 938% | 938% | 938% | |
| 18 | | | 985% | 985% | 985% | |
| 19 | | | 1033% | 1033% | 1033% | |
| 20 | | | 1080% | 1080% | 1080% | |
| 21 | | | | 1104% | 1104% | |
| 22 | | | | 1128% | 1128% | |
| 23 | | | | 1152% | 1152% | |
| 24 | | | | 1176% | 1176% | |
| 25 | | | | 1200% | 1200% | |
| 26 | | | | | 1246% | |
| 27 | | | | | 1293% | |
| 28 | | | | | 1339% | |
| 29 | | | | | 1386% | |
| 30 | | | | | 1432% | |
| 31 | | | | | | 1478% |
| 32 | | | | | | 1524% |
| 33 | | | | | | 1570% |
| 34 | | | | | | 1616% |
| 35 | | | | | | 1662% |
| 36 | | | | | | 1708% |
| 37 | | | | | | 1753% |
| 38 | | | | | | 1799% |
| 39 | | | | | | 1845% |
| 40 | | | | | | 1940% |
| 41 | | | | | | 1985% |
| 42 | | | | | | 2033% |
| 43 | | | | | | 2096% |
| 44 | | | | | | 2160% |
| 45 | | | | | | 2227% |
| 46 | | | | | | 2297% |
| 47 | | | | | | 2367% |
| 48 | | | | | | 2490% |
| 49 | | | | | | 2567% |
| 50 | | | | | | 2647% |
| 51 | | | | | | 2715% |
| 52 | | | | | | 2782% |
| 53 | | | | | | 2855% |
| 54 | | | | | | 2937% |
| 55 | | | | | | 3028% |
| 56 | | | | | | 3122% |
| 57 | | | | | | 3225% |
| 58 | | | | | | 3331% |
| 59 | | | | | | 3441% |
| 60 | | | | | | 3555% |
| 61 | | | | | | 3672% |
| 62 | | | | | | 3793% |
| 63 | | | | | | 3918% |
| 64 | | | | | | 4047% |
| 65 | | | | | | 4181% |
| 66 | | | | | | 4319% |
| 67 | | | | | | 4461% |
| 68 | | | | | | 4608% |
| 69 | | | | | | 4760% |
| 70 | | | | | | 4917% |
| 71 | | | | | | 5080% |
| 72 | | | | | | 5248% |
| 73 | | | | | | 5420% |
| 74 | | | | | | 5600% |
| 75 | | | | | | 5784% |
| 76 | | | | | | 5975% |
| 77 | | | | | | 6172% |
| 78 | | | | | | 6376% |
| 79 | | | | | | 6586% |
| 80 | | | | | | 6804% |
| 81 | | | | | | 7028% |
| 82 | | | | | | 7260% |
| 83 | | | | | | 7499% |
| 84 | | | | | | 7747% |
| 85 | | | | | | 8002% |
| 86 | | | | | | 8266% |
| 87 | | | | | | 8540% |
| 88 | | | | | | 8821% |
| 89 | | | | | | 9112% |
| 90 | | | | | | 9413% |
| 91 | | | | | | 9723% |
| 92 | | | | | | 10044% |
| 93 | | | | | | 10376% |
| 94 | | | | | | 10718% |
| 95 | | | | | | 11072% |
| 96 | | | | | | 11437% |
| 97 | | | | | | 11814% |
| 98 | | | | | | 12204% |
| 99 | | | | | | 12607% |
| 100 | | | | | | 13023% |
| 101 | | | | | | 13453% |
| 102 | | | | | | 13896% |
| 103 | | | | | | 14355% |
| 104 | | | | | | 14829% |
| 105 | | | | | | 15318% |
| 106 | | | | | | 15823% |
| 107 | | | | | | 16346% |
| 108 | | | | | | 16885% |
| 109 | | | | | | 17442% |
| 110 | | | | | | 18019% |
| 111 | | | | | | 18612% |
| 112 | | | | | | 19226% |
| 113 | | | | | | 19861% |
| 114 | | | | | | 20517% |
| 115 | | | | | | 21194% |
| 116 | | | | | | 21893% |
| 117 | | | | | | 22550% |
| 118 | | | | | | 23230% |
| 119 | | | | | | 24000% |
| 120 | | | | | | 24755% |
[p.14-15]
#### Premium Term 10 years
| Duration | Policy Term 15 years | Policy Term 20 years | Policy Term 25 years | Policy Term 30 years | Policy Term Till age 120 | Bonus Rate |
|----------|------------------|------------------|------------------|------------------|---------------------|-----------|
| 1 | 0% | 0% | 0% | 0% | 0% |
| 2 | 0% | 0% | 0% | 0% | 0% |
| 3 | 120% | 120% | 120% | 120% | 120% |
| 4 | 139% | 139% | 139% | 139% | 139% |
| 5 | 150% | 150% | 150% | 150% | 150% |
| 6 | 176% | 176% | 176% | 176% | 176% |
| 7 | 194% | 194% | 194% | 194% | 194% |
| 8 | 213% | 213% | 213% | 213% | 213% |
| 9 | 231% | 231% | 231% | 231% | 231% |
| 10 | 250% | 250% | 250% | 250% | 250% |
| 11 | 320% | 320% | 320% | 320% | 320% |
| 12 | 390% | 390% | 390% | 390% | 390% |
| 13 | 460% | 460% | 460% | 460% | 460% |
| 14 | 530% | 530% | 530% | 530% | 530% |
| 15 | 600% | 600% | 600% | 600% | 600% |
| 16 | | 653% | 653% | 653% | 653% |
| 17 | | 706% | 706% | 706% | 706% |
| 18 | | 759% | 759% | 759% | 759% |
| 19 | | 812% | 812% | 812% | 812% |
| 20 | | 865% | 865% | 865% | 856% |
| 21 | | | 873% | 873% | 873% |
| 22 | | | 881% | 881% | 881% |
| 23 | | | 889% | 889% | 889% |
| 24 | | | 897% | 897% | 900% |
| 25 | | | 905% | 920% | 920% |
| 26 | | | | 956% | 956% |
| 27 | | | | 992% | 992% |
| 28 | | | | 1028% | 1028% |
| 29 | | | | 1064% | 1064% |
| 30 | | | | 1100% | 1100% |
| 31 | | | | | 1130% |
| 32 | | | | | 1175% |
| 33 | | | | | 1220% |
| 34 | | | | | 1265% |
| 35 | | | | | 1315% |
| 36 | | | | | 1360% |
| 37 | | | | | 1417% |
| 38 | | | | | 1463% |
| 39 | | | | | 1524% |
| 40 | | | | | 1573% |
| 41 | | | | | 1623% |
| 42 | | | | | 1692% |
| 43 | | | | | 1746% |
| 44 | | | | | 1802% |
| 45 | | | | | 1860% |
| 46 | | | | | 1920% |
| 47 | | | | | 2001% |
| 48 | | | | | 2064% |
| 49 | | | | | 2130% |
| 50 | | | | | 2199% |
| 51 | | | | | 2269% |
| 52 | | | | | 2341% |
| 53 | | | | | 2417% |
| 54 | | | | | 2494% |
| 55 | | | | | 2574% |
| 56 | | | | | 2656% |
| 57 | | | | | 2741% |
| 58 | | | | | 2857% |
| 59 | | | | | 2948% |
| 60 | | | | | 3043% |
| 61 | | | | | 3134% |
| 62 | | | | | 3228% |
| 63 | | | | | 3324% |
| 64 | | | | | 3424% |
| 65 | | | | | 3527% |
| 66 | | | | | 3633% |
| 67 | | | | | 3742% |
| 68 | | | | | 3854% |
| 69 | | | | | 3970% |
| 70 | | | | | 4089% |
| 71 | | | | | 4212% |
| 72 | | | | | 4338% |
| 73 | | | | | 4468% |
| 74 | | | | | 4602% |
| 75 | | | | | 4788% |
| 76 | | | | | 4931% |
| 77 | | | | | 5079% |
| 78 | | | | | 5231% |
| 79 | | | | | 5389% |
| 80 | | | | | 5550% |
| 81 | | | | | 5717% |
| 82 | | | | | 5888% |
| 83 | | | | | 6065% |
| 84 | | | | | 6309% |
| 85 | | | | | 6498% |
| 86 | | | | | 6693% |
| 87 | | | | | 6894% |
| 88 | | | | | 7101% |
| 89 | | | | | 7313% |
| 90 | | | | | 7533% |
| 91 | | | | | 7759% |
| 92 | | | | | 7992% |
| 93 | | | | | 8231% |
| 94 | | | | | 8479% |
| 95 | | | | | 8821% |
| 96 | | | | | 9085% |
| 97 | | | | | 9357% |
| 98 | | | | | 9638% |
| 99 | | | | | 9927% |
| 100 | | | | | 10225% |
| 101 | | | | | 10532% |
| 102 | | | | | 10847% |
| 103 | | | | | 11173% |
| 104 | | | | | 11509% |
| 105 | | | | | 11854% |
| 106 | | | | | 12209% |
| 107 | | | | | 12575% |
| 108 | | | | | 12953% |
| 109 | | | | | 13341% |
| 110 | | | | | 13741% |
| 111 | | | | | 14153% |
| 112 | | | | | 14724% |
| 113 | | | | | 15166% |
| 114 | | | | | 15621% |
| 115 | | | | | 16089% |
| 116 | | | | | 16572% |
| 117 | | | | | 17069% |
| 118 | | | | | 17582% |
| 119 | | | | | 18109% |
| 120 | | | | | 18652% |
[p.16-17]
#### Premium Term 15 years
| Duration | Policy Term 20 years | Policy Term 25 years | Policy Term 30 years | Policy Term Till age 120 | Bonus Rate |
|----------|------------------|------------------|------------------|---------------------|-----------|
| 1 | 0% | 0% | 0% | 0% |
| 2 | 0% | 0% | 0% | 0% |
| 3 | 60% | 60% | 60% | 60% |
| 4 | 79% | 79% | 79% | 79% |
| 5 | 90% | 90% | 90% | 90% |
| 6 | 116% | 116% | 116% | 116% |
| 7 | 134% | 134% | 134% | 134% |
| 8 | 153% | 153% | 153% | 153% |
| 9 | 171% | 171% | 171% | 171% |
| 10 | 190% | 190% | 190% | 190% |
| 11 | 260% | 260% | 260% | 260% |
| 12 | 330% | 330% | 330% | 330% |
| 13 | 400% | 400% | 400% | 400% |
| 14 | 470% | 470% | 470% | 470% |
| 15 | 540% | 540% | 540% | 540% |
| 16 | | 548% | 548% | 548% |
| 17 | | 556% | 556% | 556% |
| 18 | | 564% | 564% | 564% |
| 19 | | 572% | 572% | 572% |
| 20 | | 580% | 580% | 580% |
| 21 | | | 608% | 608% |
| 22 | | | 636% | 636% |
| 23 | | | 664% | 664% |
| 24 | | | 692% | 692% |
| 25 | | | 720% | 720% |
| 26 | | | | 750% |
| 27 | | | | 780% |
| 28 | | | | 810% |
| 29 | | | | 840% |
| 30 | | | | 870% |
| 31 | | | | 942% |
| 32 | | | | 1014% |
| 33 | | | | 1045% |
| 34 | | | | 1088% |
| 35 | | | | 1133% |
| 36 | | | | 1180% |
| 37 | | | | 1228% |
| 38 | | | | 1282% |
| 39 | | | | 1332% |
| 40 | | | | 1378% |
| 41 | | | | 1432% |
| 42 | | | | 1474% |
| 43 | | | | 1517% |
| 44 | | | | 1569% |
| 45 | | | | 1615% |
| 46 | | | | 1662% |
| 47 | | | | 1712% |
| 48 | | | | 1762% |
| 49 | | | | 1824% |
| 50 | | | | 1878% |
| 51 | | | | 1933% |
| 52 | | | | 1991% |
| 53 | | | | 2050% |
| 54 | | | | 2111% |
| 55 | | | | 2174% |
| 56 | | | | 2240% |
| 57 | | | | 2310% |
| 58 | | | | 2385% |
| 59 | | | | 2455% |
| 60 | | | | 2535% |
| 61 | | | | 2610% |
| 62 | | | | 2689% |
| 63 | | | | 2769% |
| 64 | | | | 2852% |
| 65 | | | | 2937% |
| 66 | | | | 3026% |
| 67 | | | | 3116% |
| 68 | | | | 3210% |
| 69 | | | | 3306% |
| 70 | | | | 3406% |
| 71 | | | | 3508% |
| 72 | | | | 3623% |
| 73 | | | | 3732% |
| 74 | | | | 3854% |
| 75 | | | | 3968% |
| 76 | | | | 4090% |
| 77 | | | | 4236% |
| 78 | | | | 4363% |
| 79 | | | | 4494% |
| 80 | | | | 4629% |
| 81 | | | | 4778% |
| 82 | | | | 4920% |
| 83 | | | | 5070% |
| 84 | | | | 5230% |
| 85 | | | | 5390% |
| 86 | | | | 5589% |
| 87 | | | | 5756% |
| 88 | | | | 5930% |
| 89 | | | | 6108% |
| 90 | | | | 6291% |
| 91 | | | | 6479% |
| 92 | | | | 6694% |
| 93 | | | | 6894% |
| 94 | | | | 7100% |
| 95 | | | | 7312% |
| 96 | | | | 7531% |
| 97 | | | | 7824% |
| 98 | | | | 8059% |
| 99 | | | | 8300% |
| 100 | | | | 8549% |
| 101 | | | | 8805% |
| 102 | | | | 9070% |
| 103 | | | | 9342% |
| 104 | | | | 9622% |
| 105 | | | | 9911% |
| 106 | | | | 10209% |
| 107 | | | | 10514% |
| 108 | | | | 10830% |
| 109 | | | | 11175% |
| 110 | | | | 11510% |
| 111 | | | | 11854% |
| 112 | | | | 12209% |
| 113 | | | | 12574% |
| 114 | | | | 13077% |
| 115 | | | | 13469% |
| 116 | | | | 13874% |
| 117 | | | | 14289% |
| 118 | | | | 14718% |
| 119 | | | | 15160% |
| 120 | | | | 15615% |
[p.18-19]
#### Premium Term 20 years
| Duration | Policy Term 25 years | Policy Term 30 years | Policy Term Till age 120 | Bonus Rate |
|----------|------------------|------------------|---------------------|-----------|
| 1 | 0% | 0% | 0% |
| 2 | 0% | 0% | 0% |
| 3 | 20% | 20% | 20% |
| 4 | 39% | 39% | 39% |
| 5 | 50% | 50% | 50% |
| 6 | 76% | 76% | 76% |
| 7 | 94% | 94% | 94% |
| 8 | 113% | 113% | 113% |
| 9 | 131% | 131% | 131% |
| 10 | 150% | 150% | 150% |
| 11 | 220% | 220% | 220% |
| 12 | 290% | 290% | 290% |
| 13 | 340% | 340% | 340% |
| 14 | 410% | 410% | 410% |
| 15 | 500% | 500% | 500% |
| 16 | 508% | 508% | 508% |
| 17 | 516% | 516% | 516% |
| 18 | 524% | 524% | 524% |
| 19 | 532% | 532% | 532% |
| 20 | 540% | 540% | 540% |
| 21 | 549% | 549% | 549% |
| 22 | 558% | 558% | 558% |
| 23 | 567% | 567% | 567% |
| 24 | 576% | 576% | 576% |
| 25 | 585% | 585% | 585% |
| 26 | | 615% | 615% |
| 27 | | 645% | 645% |
| 28 | | 675% | 675% |
| 29 | | 705% | 705% |
| 30 | | 735% | 735% |
| 31 | | | 814% |
| 32 | | | 892% |
| 33 | | | 925% |
| 34 | | | 970% |
| 35 | | | 1010% |
| 36 | | | 1060% |
| 37 | | | 1092% |
| 38 | | | 1150% |
| 39 | | | 1190% |
| 40 | | | 1245% |
| 41 | | | 1290% |
| 42 | | | 1326% |
| 43 | | | 1366% |
| 44 | | | 1412% |
| 45 | | | 1455% |
| 46 | | | 1496% |
| 47 | | | 1545% |
| 48 | | | 1590% |
| 49 | | | 1642% |
| 50 | | | 1691% |
| 51 | | | 1740% |
| 52 | | | 1792% |
| 53 | | | 1845% |
| 54 | | | 1900% |
| 55 | | | 1960% |
| 56 | | | 2030% |
| 57 | | | 2090% |
| 58 | | | 2148% |
| 59 | | | 2210% |
| 60 | | | 2284% |
| 61 | | | 2351% |
| 62 | | | 2423% |
| 63 | | | 2495% |
| 64 | | | 2568% |
| 65 | | | 2646% |
| 66 | | | 2726% |
| 67 | | | 2807% |
| 68 | | | 2892% |
| 69 | | | 2978% |
| 70 | | | 3067% |
| 71 | | | 3159% |
| 72 | | | 3264% |
| 73 | | | 3362% |
| 74 | | | 3473% |
| 75 | | | 3576% |
| 76 | | | 3687% |
| 77 | | | 3821% |
| 78 | | | 3935% |
| 79 | | | 4054% |
| 80 | | | 4175% |
| 81 | | | 4311% |
| 82 | | | 4439% |
| 83 | | | 4573% |
| 84 | | | 4719% |
| 85 | | | 4865% |
| 86 | | | 5048% |
| 87 | | | 5200% |
| 88 | | | 5356% |
| 89 | | | 5518% |
| 90 | | | 5684% |
| 91 | | | 5852% |
| 92 | | | 6049% |
| 93 | | | 6230% |
| 94 | | | 6416% |
| 95 | | | 6608% |
| 96 | | | 6806% |
| 97 | | | 7078% |
| 98 | | | 7291% |
| 99 | | | 7509% |
| 100 | | | 7735% |
| 101 | | | 7967% |
| 102 | | | 8206% |
| 103 | | | 8452% |
| 104 | | | 8704% |
| 105 | | | 8967% |
| 106 | | | 9236% |
| 107 | | | 9512% |
| 108 | | | 9798% |
| 109 | | | 10112% |
| 110 | | | 10415% |
| 111 | | | 10727% |
| 112 | | | 11048% |
| 113 | | | 11378% |
| 114 | | | 11848% |
| 115
---
### https://lifeinsurance.com.sg/api/product/income/invest-flex/summary.md
# Invest Flex
**Insurer:** Income Insurance (Income Insurance Limited)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/202135698W/VS1_Summary.pdf
## Source wording
- **Effective from:** (not stated in document)
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/202135698W/VS1_Summary.pdf
- **PDF sha256:** `b9f3754c8a9268e715e3a3894da3195cd4f0975600e44a3ef9078d5d445f322f`
- **Extraction confidence:** verified
## Extracted facts
### claims
```json
{
"source_page": 7,
"documents_required": [
"all relevant documents to support the claim"
]
}
```
### riders
```json
[
{
"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
```json
{
"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
```json
[
{
"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
```json
{
"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
```json
{
"available": false
}
```
### grace period
```json
{
"days": 30,
"source_page": 6
}
```
### product type
```json
"investment-linked"
```
### policy basics
```json
{
"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
```json
{
"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
```json
{
"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
```json
{
"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
```json
{
"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
```json
{
"product_full_name": "Invest Flex (VS1)",
"insurer_legal_entity": "Income Insurance Limited"
}
```
### terminal illness benefit
```json
{
"available": true,
"source_page": 3,
"acceleration_percent": 100,
"qualifying_definition": "Please refer to the policy contract for the exact terms and definitions 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.*
---
### https://lifeinsurance.com.sg/api/product/income/invest-flex/wording.md
# Invest Flex (VS1)
## 1. POLICY DESCRIPTION
Invest Flex is a whole life regular-premium investment-linked plan (ILP) that provides investment opportunities. The plan also provides coverage against death and terminal illness and offers additional flexibility such as premium holiday, life events withdrawal benefit, secondary insured option and future premium option.
You may choose a Minimum Investment Period (MIP) of 5 years, 10 years, 15 years or 20 years. MIP refers to the period you have chosen during which certain charges may apply. During the MIP, charges such as Premium Holiday Charge, Partial Withdrawal Charge and Surrender Charge, may apply. The MIP cannot be changed.
The percentage of the regular premiums to buy units in the ILP sub-funds chosen will start from 100%. This plan may provide investment bonus and/or loyalty bonus.
As the ILP will require an individual's considerations including but not limited to investment horizons, premium affordability and risk appetite, you should evaluate that the plan is in line with your financial needs before the purchase.
## 2. Investing Your Money
You can choose to invest your regular premium in any ILP sub-funds offered under Invest Flex on a monthly, quarterly, half-yearly or yearly basis. In addition to the regular premium, you can choose to make single top-ups or recurring top-ups.
This plan can be paid only with cash.
Your premiums are used to purchase units under the ILP sub-funds that you have chosen to invest in. More details can be found under Section 8 "Subscription of Units".
### 2.1 Regular Premium
There is a percentage of your regular premium that we use to buy units (at the bid price) in the ILP sub-funds you choose. This percentage varies based on the MIP and number of months that regular premiums have been paid as shown below. We will buy and pay for you the units in excess of 100% of your premiums as shown below.
| Minimum Investment Period (MIP) | Monthly regular premium (or its equivalent for other payment frequency) | Percentage of regular premium to buy units |
|---|---|---|
| 5 years | 1st – 120th | 100% |
| | 121st – 240th | 102% |
| | 241st onwards | 105% |
| 10 years | 1st – 120th | 100% |
| | 121st – 240th | 102% |
| | 241st onwards | 105% |
| 15 years | 1st – 120th | 100% |
| | 121st – 240th | 102% |
| | 241st onwards | 105% |
| 20 years | 1st – 120th | 100% |
| | 121st – 240th | 102% |
| | 241st onwards | 105% |
We may change the percentage of regular premium to buy units in the ILP sub-funds you chose by giving you notice. This percentage will not be less than 100%.
### 2.2 Investment Bonus
We will provide an investment bonus based on a percentage of the regular premiums paid for the first 12 months of the policy term as shown below. This percentage varies based on the MIP and annualised regular premiums.
No investment bonus is provided for any top-up premiums.
The investment bonus will be used to buy additional units in the ILP sub-funds chosen.
| Minimum Investment Period (MIP) | 5 years | 10 years | 15 years | 20 years |
|---|---|---|---|---|
| | Min $9,600 | Min $6,000 | Min $9,600 | Min $9,600 |
| | 6.0% | 10.0% | 25.0% | 15.0% |
| | | Min $3,600 | | Min $2,400 |
| | | | 45.0% | 30.0% |
| | | | | Min $9,600 |
| | | | | 60.0% |
### 2.3 Loyalty Bonus
Starting from the 10th policy anniversary, an annual loyalty bonus shown below will be provided on the next working day from the anniversary. The loyalty bonus is a percentage of the policy value based on the anniversary. It will be used to invest in the ILP sub-funds chosen.
| MIP | Loyalty Bonus from 10th policy anniversary or the end of MIP, whichever is later |
|---|---|
| 5 years | 0.5% |
| 10 years | 0.5% |
| 15 years | 0.5% |
| 20 years | 0.5% |
The policy must meet all the following conditions to receive the loyalty bonus.
- This policy must not have ended when the loyalty bonus is provided.
- No withdrawal is made, except withdrawals under life events withdrawal benefit, for the past 12 months before the date for the loyalty bonus payment.
[p.2]
### 2.4 Top-ups
Top-ups can be done anytime and 100% of the top-ups will be used to buy units (at the bid price) in the ILP sub-funds chosen. We may set a minimum amount for each top-up. Top-ups do not form part of the regular premiums.
When we work out any claim benefit, we will not consider any top-ups that were made after we are told about the claim.
No top-ups can be made when the policy is on premium holiday.
### 2.5 Future Premium Option
If you pay more regular premiums than are needed, we will treat them (without any interest) as regular premiums paid in advance for future months. The future premiums will be used to buy units in the ILP sub-funds chosen.
We will not accept any future premiums that are more than 24 months ahead of its due date and it will not be used to buy units.
We may change the way we treat these premiums by giving you notice.
## 3. Protection Benefits
### 3.1 Death and Terminal Illness (TI) Benefit
During the term of this policy, if the insured becomes terminally ill or dies, we will pay the benefit shown below:
| Time the insured event happens | Benefit |
|---|---|
| Within one year from the cover start date | The policy value less any bonus at the time we are told about the claim |
| After one year from the cover start date | • 101% of net premium(s) paid; or • the policy value at the time we are told about the claim; whichever is higher |
Net premium(s) means the total premiums paid, and the total of all top-ups made, less total withdrawals, at the time we are told about the claim. Net premium(s) do not include the premiums paid on riders.
Any applicable fees and charges which apply to the policy will be deducted. The policy will end when we make this payment.
If you have appointed a secondary insured before the insured dies, we will not pay this benefit. Upon the death of the insured, the secondary insured becomes the insured and this policy will continue.
Please refer to the policy contract for the exact terms and definitions of TI.
## 4. Flexible Options
### 4.1 Changing your Regular Premium
You may reduce the amount of your regular premium only from the 5th policy anniversary and we will make this change when your next regular premium is due. We may set a minimum amount if you change your regular premium.
You will have to pay a surrender charge if you reduce your regular premium during the MIP. You cannot change your regular premium when your policy is on premium holiday.
Please refer to Section 7.6 "Surrender Charge" for more information.
### 4.2 Secondary Insured Option
You may appoint or remove a secondary insured before the death of the insured provided the following conditions are met:
- the premium of this policy is paid only with cash;
- no nomination of beneficiary has been made for this policy; and
- there is no change to the ownership of this policy including assignment, bankruptcy and trust.
The secondary insured must be yourself (before the age of 65 years old), your spouse (before the age of 65 years old), or your child or ward (before the age of 18 years old) at the time of exercising this option.
You can exercise this option to appoint a secondary insured no more than three times.
The secondary insured becomes the insured of this policy only upon death of the insured for the remaining policy term. This policy can only have one insured at any point of time.
### 4.3 Life Events Withdrawal Benefit
During the MIP, you may choose to exercise a free partial withdrawal if the insured experiences any of the following life events:
- Turning 21 or 65;
- Enrolled into tertiary education;
- Marriage;
- Divorce;
- Death of spouse;
- Becoming a parent;
- Purchase of a residential property;
- Stay in hospital.
You must meet all the following conditions to exercise the free partial withdrawal:
- You must exercise it within three months after the date any of the life event above occurs;
- The life event must have taken place no earlier than 36 months after the cover start date of this policy; and
- At our request, you must provide to our satisfaction, documentary proof of the life event.
When you exercise the free partial withdrawal:
- You may withdraw no more than 10% of the prevailing policy value and there will be no partial withdrawal charge for the amount withdrawn. The policy value of this policy will be reduced according to your request for withdrawal; and
- Any Loyalty Bonus payable will not be affected by the withdrawal under this benefit.
You can exercise this benefit once for each life event and no more than three times in total during this policy term.
### 4.4 Premium Holiday
If you still have not paid the premium after the grace period, this policy will enter into a premium holiday. During this premium holiday period, you can stop paying premium provided the policy value is able to cover the fees and charges that continue to be due on the policy. The premium holiday charge may be payable during the premium holiday if it is within the MIP. The premium paying rider(s), if any, will end if this policy is on premium holiday.
During the premium holiday period, we will continue to provide coverage on the policy benefits accordingly.
The policy and the rider(s), if any, will end once the policy value is insufficient to pay for the applicable fees and charges that continue to be due under this policy.
Any premium holiday will end once you start paying your regular premiums again. When you start paying your regular premiums again after any premium holiday, we may not accept regular premiums for the period of the premium holiday that you have taken.
If this policy ends because the policy value falls to zero or less (negative value), you can request to reinstate within 36 months of the end date, by starting to pay the required regular premiums. 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. Also, if the policy value has become negative, you may need to make a top-up in addition to the required regular premiums before we agree to reinstate your policy.
### 4.5 Partial Withdrawal
Partial withdrawal can be made by cashing in the units from the ILP sub-fund(s) you have chosen (at the bid price) partly, subject to minimum policy value of $1,000 after each withdrawal.
The minimum partial withdrawal amount is $500 each time. After a partial withdrawal is made, the regular premium to be paid will remain the same.
Partial withdrawal charge will be deducted if the partial withdrawal is done during the MIP. If the policy value of the units for a partial withdrawal after deducting the partial withdrawal charge falls below the required minimum policy value, the withdrawal request will not be accepted and there will be no payout. Please refer to Section 7.7 "Partial Withdrawal Charge" for more information.
We may change these minimum amounts at any time by giving you notice.
[p.3]
When you exercise the free partial withdrawal:
- You may withdraw no more than 10% of the prevailing policy value and there will be no partial withdrawal charge for the amount withdrawn. The policy value of this policy will be reduced according to your request for withdrawal; and
- Any Loyalty Bonus payable will not be affected by the withdrawal under this benefit.
You can exercise this benefit once for each life event and no more than three times in total during this policy term.
## 5. ILP SUB-FUNDS
### 5.1 ILP Sub-Funds Available
You may choose to invest in any of the currently available ILP sub-funds. The list of ILP sub-funds available for your selection are available on our website at income.com.sg. You can find more information on these ILP sub-funds in the Semi Annual Fund Report and the Annual Fund Report.
### 5.2 More Information on the ILP Sub-Funds
To assist you in making investment choices, you can refer to the Semi Annual Fund Report and the Annual Fund Report, which contain information on the following:
i. Details of fund managers and auditor of our ILP sub-funds
ii. Investment Objectives and Scope of our ILP sub-funds
iii. Structure of our ILP sub-funds
iv. Asset and country allocation of our ILP sub-funds
v. ILP sub-fund performance
vi. Expense and turnover ratios
vii. Inclusion under the CPF Investment Scheme
viii. Other information e.g. financial statements, any soft dollar commissions or arrangements and conflicts of interests during management.
You should read the Fund Summary and Product Highlights Sheet before deciding whether to subscribe for units in the ILP sub-fund.
## 6. RISKS
### 6.1 General Risks
Buying a life insurance policy is a long-term commitment. Early termination of the policy usually involves high cost and the surrender value payable (if applicable) may be zero or less than the premiums paid.
As much as we are committed to achieving strong investment performance, the past performance of the managers and the ILP sub-fund(s) are not necessarily indicative of future performance. The value of the units under your Investment Linked Plan can rise or fall as the performance of the underlying ILP sub-funds changes. The policy will terminate whenever the value of the policy is zero or negative.
### 6.2 Risks Specific to Each ILP Sub-Fund
All investments come with some degree of risks.
For the Money Market Fund, the purchase of a unit in the ILP sub-fund is not the same as placing funds on deposit with a bank or deposit-taking financial institution. Although the manager may seek to maintain or preserve the value of the principal of the ILP sub-fund, there can be no assurance that the ILP sub-fund shall be able to meet this objective. The Money Market Fund is not a guaranteed fund, in that there is no guarantee as to the amount of capital invested or return received. The global exposure of the Money Market Fund to financial derivatives or embedded financial derivatives should not exceed 100% of the scheme's net asset value at all times.
You can learn more about the risks specific to each ILP sub-fund in the Semi Annual Fund Report and the Annual Fund Report.
## 7. FEES & CHARGES
In this section, we describe to you the fees and charges that are applicable for Invest Flex. Please note that fees and charges are not guaranteed. They may be adjusted based on future experience. We will give you notice before we make any change to the fees and charges set out below.
We will apply any fees and charges applicable even during grace period and premium holiday, until your policy ends.
### 7.1 Premium Charge
We currently do not charge premium charge. However, we may change this at any time by giving you notice.
### 7.2 Policy Fee
A policy fee based on the policy value shown below is deducted monthly throughout the policy term. It will be taken from the policy value of the policy by cancelling units at the bid price.
| Policy Year | Policy Fee |
|---|---|
| From Year 1 to 10 | Annual rate of 2.5% of policy value |
| From Year 11 onwards | Annual rate of 0.5% of policy value |
### 7.3 Insurance Cover Charge
From the 3rd policy anniversary, there is an insurance cover charge that must be paid monthly. This charge is based on the insured's age, gender and the sum at risk at the time this charge is due. It will be taken from the policy value of the policy by cancelling units at the bid price.
The sum at risk means the difference between 101% of net premium(s) paid and the policy value. If the sum at risk is zero or negative, the insurance cover charge will not apply for that month.
The insurance cover charge rates are shown in Appendix 1.
When deciding on your claim, we will refund the monthly insurance cover charges that we have taken after the date you told us about the event giving rise to the claim.
### 7.4 Fund Switching Fee
We currently do not charge for fund switches. Depending on circumstances in the future, we may levy an administration charge. We may change this at anytime by giving you notice.
[p.4]
### 7.5 Annual Management Fee
The annual management fee is not the same for all ILP sub-funds. We work this out as a percentage of the value of your chosen ILP sub-funds. The fee for each ILP sub-fund can be found in the Semi Annual Fund Report and the Annual Fund Report.
For all ILP sub-funds, the annual management fee is deducted at ILP sub-fund level as a percentage of the value of your chosen ILP sub-fund(s). You can find the annual management fees of the ILP sub-funds on our website. Although this percentage is not guaranteed, the maximum will be stated at ILP sub-fund level in their respective Fund Summary and Product Highlights Sheet. This fee will not be deducted from your policy via cancellation of units.
We may change the annual management fees at any time by giving you notice.
### 7.6 Surrender Charge
There will be a surrender charge deducted from the policy value if you do the following during the MIP:
- full surrender of the policy (including top-ups); or
- decrease the regular premium.
If the policy cash-in value after surrender charge is zero or less, there will be no benefit payout and the policy will end.
The surrender charge rates are shown in Appendix 2.
### 7.7 Partial Withdrawal Charge
There will be a partial withdrawal charge deducted for each partial withdrawal of the units in your ILP sub-fund(s) made during the MIP. The partial withdrawal charge will be deducted before the partial withdrawal amount is paid. Partial withdrawal charge is not applicable for the amount withdrawn under the life events withdrawal benefit under sub-section 4.3.
After a partial withdrawal is made, the regular premium to be paid will remain the same.
If the policy value of the units for a partial withdrawal after deducting the partial withdrawal charge falls below the required minimum policy value, the withdrawal request will not be accepted and there will be no payout.
The partial withdrawal charge rates are shown in Appendix 3.
### 7.8 Premium Holiday Charge
There will be a premium holiday charge on a monthly basis 30 days from the premium due date if:
- You stop paying premiums; or
- You request for a premium holiday;
during the MIP.
From the 5th policy anniversary, the premium holiday can be taken without any premium holiday charge up to the period according to the MIP shown below. After which, we will apply the premium holiday charge if your policy continues to be on premium holiday during the MIP.
| MIP | Premium holiday period without premium holiday charge |
|---|---|
| 5 years | 0 months |
| 10 years | 60 months |
| 15 years | 60 months |
| 20 years | 120 months |
If applicable, we will take this premium holiday charge from your policy value by cancelling units at the bid price. You cannot make any top-ups during the premium holiday.
The premium holiday charge rates are shown in Appendix 4.
### 7.9 Other Charges
We will take from the ILP sub-funds all direct expenses relating to buying, selling and valuing the investments of the ILP sub-funds.
## 8. SUBSCRIPTION OF UNITS
### 8.1 Purchase of Units
#### 8.1.1 Regular Premium
100% of your regular premium will be used to buy units (at bid price) in the ILP sub-funds you have chosen.
#### 8.1.2 Top-ups
100% of your top-ups will be used to buy units (at bid price) in the ILP sub-funds you have chosen.
### 8.2 Premium Limits
You may invest any premium amounts based on the minimum limits shown below. The premium amounts are available only in multiples of $50.
These limits are not guaranteed. From time to time, we may review the limit. We may change this at anytime by giving you notice.
#### 8.2.1 Minimum regular premium
| MIP/ Payment Frequency | 5 Years | 10 Years | 15 Years | 20 Years |
|---|---|---|---|---|
| Yearly | $9,600 | $6,000 | $3,600 | $2,400 |
| Half-Yearly | $4,800 | $3,000 | $1,800 | $1,200 |
| Quarterly | $2,400 | $1,500 | $900 | $600 |
| Monthly | $800 | $500 | $300 | $200 |
#### 8.2.2 Minimum decrease in regular premium
| Monthly | Quarterly | Half-yearly | Yearly |
|---|---|---|---|
| $50 per month | $150 per quarter | $300 per half-year | $600 per year |
#### 8.2.3 Single Top-up
Minimum amount for single top-up is $2,500 each top-up.
#### 8.2.4 Recurring Top-up
| Monthly | Quarterly | Half-yearly | Yearly |
|---|---|---|---|
| $100 per month | $300 per quarter | $600 per half-year | $1,200 per year |
#### 8.2.5 Investment in each ILP sub-fund
As you may choose to invest in more than one ILP sub-fund under Invest Flex, you may also note that premium amounts allocated into each selected ILP sub-fund must not be lower than the amounts shown below:
| | |
|---|---|
| Regular Premium | $50 monthly, $150 quarterly, $300 half-yearly, or $600 yearly |
| Single Top-up | $1,000 each top up |
| Recurring Top-up | $50 monthly, $150 quarterly, $300 half-yearly, or $600 yearly |
### 8.3 Pricing of Units and Dealing Deadline
All ILP sub-funds are valued daily on a bid-to-bid basis. All transactions are based on forward pricing. The prices are updated on the website of Income Insurance Limited (Income Insurance) on each business day. The transaction submitted must come with complete instructions.
All transactions submitted and premiums received by us by 3pm (Singapore time) each day will be executed based on the unit prices of the same business day. For transactions submitted and premiums received by us after 3pm (Singapore time) each day or transactions submitted on a non-business day (i.e. Saturday, Sunday or public holiday), the execution will be based on the unit prices valued for the following business day. We may change the 3pm cut-off point at any time by giving you notice.
### 8.4 Investment of Units
Units are invested based on the formula below:
Example - For Regular Premium of $1,000 yearly, invested fully in one ILP sub-fund,
| (1) | (2) | (3) = (1) x (2) | (4) | 5 = (3) ÷ (4) |
|---|---|---|---|---|
| Regular Premium | Percentage of regular premium to buy units | Amount Invested | Bid Price | No. of Units |
| $1,000 | 100% | $1,000 | $1.00 | 1,000 |
The number of units purchased with each premium payment depends on the percentage of regular premium to buy units in the ILP sub-fund(s) you have chosen, bid price and any applicable fee and charges deducted via cancellation of units.
[p.5]
## 9 REDEMPTION OF UNITS
### 9.1 Full Surrender and Partial Withdrawal
You may redeem your investment fully or partially through full surrender or partial withdrawal. There will be a surrender charge or partial withdrawal charge during the MIP. This takes place through redeeming your units from your policy. The value of the units redeemed will be calculated at the bid price based on the date where the request for redemption was received by Income Insurance.
The cash-in value of the policy is payable upon full surrender. Thereafter, the policy ends.
Partial withdrawals have the effect of reducing the protection benefits and ILP sub-fund value of your policy. The minimum partial withdrawal amount is $500 each time. There is no limit to the amount of partial withdrawals you may make. However, you need to hold a minimum value of units worth $1,000.
The following example illustrates the amount of redemption proceeds that you will receive when you surrender or partial withdraw at policy year 5, based on MIP 15 years
| (1) | (2) | (3) = (1) x (2) | (4) | (5) = (3) – [(4) x (3)] |
|---|---|---|---|---|
| No. of Units to Redeem | Bid Price | Policy Value | Surrender Charge/ Partial Withdrawal Charge | Cash-in Value |
| 1,000 | $2.00 | $2000 | 55% | $900 |
### 9.2 Pricing Procedure and Dealing Deadline
Redemption and subscription of units follow the same forward pricing procedure and dealing deadline. You may refer to Section 8 "Subscription of Units" for more information.
You will receive your payment within 7 business days from the receipt of the completed request.
In the event of significant changes to the market, we reserve the right to delay the computation of prices for up to 30 business days, from the date of receipt of a written notice requesting for surrender. The surrender payment will only be made on the day after the bid price is computed.
## 10. SWITCHING OF UNITS
You can enjoy the flexibility of switching your investments between ILP sub-funds. The minimum amount for each fund switch is currently set at $1,000.
Fund switch is done on bid-to-bid basis. Currently, we do not charge for fund switches. However, depending on future circumstances, an administration charge could be levied. We may change this at anytime by giving you notice.
## 11. SUSPENSION OF DEALINGS
We may suspend all transactions on a ILP sub-fund. Transactions include new applications to the ILP sub-fund, top-ups, switching, and cashing-in. We reserve the right to delay the computation of prices for up to 30 business days, from the date of receipt of a written notice requesting for such transaction. We may do this in the interest of investors and in exceptional circumstances. Reasons for suspending transactions usually fall into these few broad categories:
i. Natural disasters, market closures, or the introduction of new exchange controls or laws in countries in which a ILP sub-fund has considerable investments, making valuation impossible or difficult.
ii. Liquidity issues, when a very large number of investors unexpectedly want to cash in their units at the same time or when asset values fall sharply and trading in the capital markets dries up, so assets cannot be sold to meet payouts (for example, during the 2008/2009 credit crisis).
iii. When one of the main organisations involved in operating the ILP sub-fund closes down, the ILP sub-fund may then suspend temporarily until a new party takes over.
iv. When ILP sub-funds are being wound up or merged with another ILP sub-fund.
In exceptional circumstances, if we believe it is in the best interests of all the investors in the ILP sub-fund, we may create new ILP sub-funds, or close or merge the ILP sub-funds by giving you notice. If we close any ILP sub-fund, unless you tell us otherwise in writing, we will reinvest the policy value in any of our ILP sub-funds which have investment aims similar to the ILP sub-funds which have been closed.
We will decide on how to manage the ILP sub-funds and choose the investments of the ILP sub-funds and the fund managers. We may change the investment aims, focus and approach, and fund managers of any ILP sub-funds by giving you notice.
## 12. RIDERS
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.
## 13. EXCLUSIONS
There are certain conditions which no benefits will be payable under this policy as listed below. Please refer to the policy contract for the full details of the exclusions.
### Suicide
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.
### TI Benefit
This 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.
### Other Condition
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.
## 14. FREE-LOOK
You will have 14 days from the date you receive the policy documents to be sure that you want to keep the policy. If we deliver the policy by email or any other electronic means to you, the 14 days will start 7 days after the date of the delivery. If we deliver the policy both by post and email or any other electronic means to you, the 14 days will start 7 days after the date of the delivery by post.
During this time, 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).
## 15. GRACE PERIOD
There is a 30 days grace period to pay the premiums due on your policy.
If you have not paid the premium after the grace period, this policy will enter into a premium holiday.
## 16. REINSTATEMENT PERIOD
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.
[p.6]
### Other Condition
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.
## 17. CLAIM
To make a claim for death benefit, we must be told of the claim and all relevant documents to support the claim must be given within six months after the insured's death.
If this policy provides for accidental death or accidental total and permanent disability (TPD) benefit, we must be told of the claim and all relevant documents to support the claim must be given within thirty days after the insured's death or TPD. If we are not told of the claim or have not received all relevant documents within thirty days, we will not reject the claim if you have a valid reason for the delay. You must also show that you have told us and given all relevant documents to support the claim to us as soon as reasonably possible.
To make a claim for other benefits, we must be told of the claim and all relevant documents to support the claim must be given within six months after the diagnosis or the event giving rise to the claim. If we are not told of the claim or have not received all relevant documents within six months, we will not reject the claim if you have a valid reason for the delay. You must also show that you have told us and given all relevant documents to support the claim to us as soon as reasonably possible.
If we are not told of the claim or have not received all relevant documents for any of your above claim within two years from the date of the event giving raise to the claim, we will not pay the claim.
When we work out any claim benefit, we will not include any bonuses that are paid after we are told about the claim.
We will refund any premiums that have been paid after we are told about the claim.
Please refer to our webpage for the claim procedures: income.com.sg/claims/life-insurance.
## 18. TERMINATION
You may write in to terminate or surrender your policy any time. Please refer to our webpage for the termination or surrender procedures: income.com.sg/claims/surrender-of-policies.
Please note that an early termination of the policy usually involves high costs and the surrender value payable (if applicable) may be zero or less than the total premiums paid.
## 19. OBTAINING PRICES OF UNITS
The prices of our ILP sub-funds are available from Income Insurance's website at income.com.sg/Funds/Fund-Prices.
Our ILP sub-funds are valued daily. The dealing days to which such prices apply can be found on our website stated above.
## 20. INVESTMENT UPDATES FROM FUND REPORTS
If you wish to track the performance of the ILP sub-funds you have invested in, you can refer to the Semi Annual Fund Report and the Annual Fund Report for our ILP sub-funds.
The financial year-end of Income Insurance's ILP sub-funds is 31 December of each year. You can find the semi annual financial statements in the Semi Annual Fund report, and the annual audited financial statements in the ILP Financial Statements. The Semi Annual Fund Report will be available by the end of August of each year, and the Annual Fund Report and annual audited financial statements by the end of March of the following year respectively.
The Semi Annual Fund Report and Annual Fund Report are available on Income Insurance's website at income.com.sg/funds/reports-and-downloads, and the annual audited financial statements are available at income.com.sg/about-us/reports-publications. Alternatively, you can also approach our insurance advisers, contact us at 6788 1777, or email csquery@income.com.sg to request for a copy of the reports.
## 21. OTHER IMPORTANT INFORMATION
### 21.1 Review of Charges and Practices
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.
### 21.2 Declaration and Reinvesting of Distributions
We may declare distributions for certain ILP sub-funds which have a distribution option. The distribution amount will depend on the number of units you hold in these ILP sub-funds on the date we declare the distribution. We set out the dates of when we announce, declare and pay out the distributions in the Semi Annual Fund Report and the Annual Fund Report or its equivalent. The return on the ILP sub-funds is calculated on the assumption that all dividends and distributions are reinvested, taking into account all charges which would have been payable upon such reinvestment. Distributions are not guaranteed. We may or may not pay a distribution every year.
For all ILP sub-funds that declare distributions, we will reinvest each distribution into the ILP sub-funds from which it is paid. We do this by buying units at the bid price (unless we say otherwise) on the payout date as set out in the 'Semi Annual Fund Report' or 'Annual Fund Report', or its equivalent. Units reinvested is managed as part of your unit holdings in the policy.
To avoid doubt, for any withdrawals including ILP sub-funds that declare distribution, fees and charges may apply
From the 5th policy anniversary onwards, if the distribution amount for a ILP sub-fund meets the minimum amount we tell you, you can choose to receive all future distributions from that ILP sub-fund as payouts instead, by telling us in writing at least 30 days before the next declaration date set out in the 'Semi Annual Fund Report' or 'Annual Fund Report', or its equivalent. This applies as long as the ILP sub-fund is not bought under any of these schemes:
- Central Provident Fund Investment Scheme; or
- Supplementary Retirement Scheme
We will then follow this same choice for the later distributions of that ILP sub-fund if the distributions meet the minimum amount we tell you, unless you tell us your new choice at least 30 days before the next declaration date set out in the 'Semi Annual Fund Report' or 'Annual Fund Report', or its equivalent.
We may change the minimum distribution amount required at any time.
The financial year-end of Income Insurance's ILP sub-funds is 31 December of each year. You can find the semi annual financial statements in the Semi Annual Fund Report and the Annual Fund Report, and the annual audited financial statements in the ILP Financial Statements. The Semi Annual Fund Report will be available by the end of August of each year, and the Annual Fund Report and annual audited financial statements by the end of March of the following year respectively.
The Semi Annual Fund Report and Annual Fund Report are available on Income Insurance's website at income.com.sg/funds/reports-and-downloads, and the annual audited financial statements are available at income.com.sg/about-us/reports-publications. Alternatively, you can also approach our insurance advisers, contact us at 6788 1777, or email csquery@income.com.sg to request for a copy of the reports.
## 22. 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 Income Insurance or visit the GIA/LIA or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).
[p.7]
## DISCLAIMER
This product summary does not form a part of the contract of insurance. It is only meant to be a simplified description of the product features which apply to this plan and does not explain the whole contract. The contents of this product summary may be different from the terms of cover eventually issued. Please read the policy contract for the precise terms, conditions and exclusions. Only the terms, conditions and exclusions in the policy contract will be enforceable by the policyholder and Income Insurance.
---
# Appendix 1 – Yearly insurance cover charge rates for death and TI based on $1,000 sum at risk
The table below shows the insurance cover charge rates for age up to 99 years. For age after 99 years, we will apply the rate currently set for age 99 years.
| Age^ | Male ($) | Female ($) |
|---|---|---|
| 0 | 0.46 | 0.48 |
| 1 | 0.42 | 0.45 |
| 2 | 0.38 | 0.42 |
| 3 | 0.34 | 0.39 |
| 4 | 0.30 | 0.36 |
| 5 | 0.27 | 0.33 |
| 6 | 0.27 | 0.32 |
| 7 | 0.27 | 0.31 |
| 8 | 0.27 | 0.30 |
| 9 | 0.27 | 0.29 |
| 10 | 0.27 | 0.30 |
| 11 | 0.31 | 0.32 |
| 12 | 0.35 | 0.34 |
| 13 | 0.39 | 0.36 |
| 14 | 0.43 | 0.38 |
| 15 | 0.46 | 0.39 |
| 16 | 0.46 | 0.38 |
| 17 | 0.46 | 0.37 |
| 18 | 0.46 | 0.36 |
| 19 | 0.46 | 0.35 |
| 20 | 0.48 | 0.34 |
| 21 | 0.48 | 0.33 |
| 22 | 0.48 | 0.32 |
| 23 | 0.48 | 0.31 |
| 24 | 0.48 | 0.30 |
| 25 | 0.49 | 0.31 |
| 26 | 0.48 | 0.30 |
| 27 | 0.47 | 0.29 |
| 28 | 0.46 | 0.28 |
| 29 | 0.45 | 0.27 |
| 30 | 0.46 | 0.27 |
| 31 | 0.48 | 0.29 |
| 32 | 0.50 | 0.31 |
| 33 | 0.52 | 0.33 |
| 34 | 0.54 | 0.35 |
| 35 | 0.58 | 0.37 |
| 36 | 0.62 | 0.43 |
| 37 | 0.66 | 0.49 |
| 38 | 0.70 | 0.55 |
| 39 | 0.74 | 0.61 |
| 40 | 0.79 | 0.65 |
| 41 | 0.89 | 0.73 |
| 42 | 0.99 | 0.81 |
| 43 | 1.09 | 0.89 |
| 44 | 1.19 | 0.97 |
| 45 | 1.28 | 1.06 |
| 46 | 1.50 | 1.18 |
| 47 | 1.72 | 1.30 |
| 48 | 1.94 | 1.42 |
| 49 | 2.16 | 1.54 |
| 50 | 2.38 | 1.66 |
| 51 | 2.66 | 1.86 |
| 52 | 2.94 | 2.06 |
| 53 | 3.22 | 2.26 |
| 54 | 3.50 | 2.46 |
| 55 | 3.76 | 2.66 |
| 56 | 4.21 | 2.88 |
| 57 | 4.66 | 3.10 |
| 58 | 5.11 | 3.32 |
| 59 | 5.56 | 3.54 |
| 60 | 5.99 | 3.75 |
| 61 | 7.14 | 4.21 |
| 62 | 8.29 | 4.67 |
| 63 | 9.44 | 5.13 |
| 64 | 10.59 | 5.59 |
| 65 | 11.74 | 6.05 |
| 66 | 14.21 | 7.63 |
| 67 | 16.68 | 9.21 |
| 68 | 19.15 | 10.79 |
| 69 | 21.62 | 12.37 |
| 70 | 24.10 | 13.94 |
| 71 | 27.03 | 16.82 |
| 72 | 29.96 | 19.70 |
| 73 | 32.89 | 22.58 |
| 74 | 35.82 | 25.46 |
| 75 | 38.73 | 28.32 |
| 76 | 42.86 | 32.81 |
| 77 | 46.99 | 37.30 |
| 78 | 51.12 | 41.79 |
| 79 | 55.25 | 46.28 |
| 80 | 59.36 | 50.75 |
| 81 | 67.51 | 58.52 |
| 82 | 75.66 | 66.29 |
| 83 | 83.81 | 74.06 |
| 84 | 91.96 | 81.83 |
| 85 | 100.10 | 89.60 |
| 86 | 113.88 | 103.13 |
| 87 | 127.66 | 116.66 |
| 88 | 141.44 | 130.19 |
| 89 | 155.22 | 143.72 |
| 90 | 169.02 | 157.25 |
| 91 | 186.65 | 175.48 |
| 92 | 204.28 | 193.71 |
| 93 | 221.91 | 211.94 |
| 94 | 239.54 | 230.17 |
| 95 | 257.15 | 248.42 |
| 96 | 290.78 | 283.73 |
| 97 | 324.41 | 319.04 |
| 98 | 358.04 | 354.35 |
| 99 | 391.65 | 389.64 |
^Note: By age, we mean the insured's age on their last birthday.
[p.8]
# Appendix 2 – Surrender Charge
The table below shows the percentage to be applied for surrender charge.
- For full surrender, the percentage is applied to policy value withdrawn.
- For surrender charges due to reduction of premium, the percentage is applied to the proportion of reduction multiplied by the policy value.
| Policy Year | MIP | | | |
|---|---|---|---|---|
| | 5 years (%) | 10 years (%) | 15 years (%) | 20 years (%) |
| 1 | 100.0% | 100.0% | 100.0% | 100.0% |
| 2 | 100.0% | 100.0% | 100.0% | 100.0% |
| 3 | 75.0% | 80.0% | 80.0% | 90.0% |
| 4 | 40.0% | 60.0% | 65.0% | 75.0% |
| 5 | 20.0% | 50.0% | 55.0% | 65.0% |
| 6 | NA | 45.0% | 50.0% | 60.0% |
| 7 | NA | 40.0% | 47.0% | 55.0% |
| 8 | NA | 20.0% | 45.0% | 50.0% |
| 9 | NA | 15.0% | 40.0% | 45.0% |
| 10 | NA | 5.0% | 35.0% | 40.0% |
| 11 | NA | NA | 25.0% | 35.0% |
| 12 | NA | NA | 15.0% | 30.0% |
| 13 | NA | NA | 10.0% | 25.0% |
| 14 | NA | NA | 5.0% | 20.0% |
| 15 | NA | NA | 5.0% | 15.0% |
| 16 | NA | NA | NA | 10.0% |
| 17 | NA | NA | NA | 5.0% |
| 18 | NA | NA | NA | 5.0% |
| 19 | NA | NA | NA | 5.0% |
| 20 | NA | NA | NA | 5.0% |
[p.9]
# Appendix 3 – Partial Withdrawal Charge
The table below shows the percentage to be applied for partial withdrawal charge.
- The percentage is applied to policy value withdrawn.
| Policy Year | MIP | | | |
|---|---|---|---|---|
| | 5 years (%) | 10 years (%) | 15 years (%) | 20 years (%) |
| 1 | 100.0% | 100.0% | 100.0% | 100.0% |
| 2 | 100.0% | 100.0% | 100.0% | 100.0% |
| 3 | 75.0% | 80.0% | 80.0% | 90.0% |
| 4 | 40.0% | 60.0% | 65.0% | 75.0% |
| 5 | 20.0% | 50.0% | 55.0% | 65.0% |
| 6 | NA | 45.0% | 50.0% | 60.0% |
| 7 | NA | 40.0% | 47.0% | 55.0% |
| 8 | NA | 20.0% | 45.0% | 50.0% |
| 9 | NA | 15.0% | 40.0% | 45.0% |
| 10 | NA | 5.0% | 35.0% | 40.0% |
| 11 | NA | NA | 25.0% | 35.0% |
| 12 | NA | NA | 15.0% | 30.0% |
| 13 | NA | NA | 10.0% | 25.0% |
| 14 | NA | NA | 5.0% | 20.0% |
| 15 | NA | NA | 5.0% | 15.0% |
| 16 | NA | NA | NA | 10.0% |
| 17 | NA | NA | NA | 5.0% |
| 18 | NA | NA | NA | 5.0% |
| 19 | NA | NA | NA | 5.0% |
| 20 | NA | NA | NA | 5.0% |
[p.10]
# Appendix 4 – Premium Holiday Charge
The table below shows the percentage to be applied for premium holiday charge.
- The percentage is applied to the annualized regular premium and divided by 12 for payment on a monthly basis.
| Policy Year | MIP | | | |
|---|---|---|---|---|
| | 5 years (%) | 10 years (%) | 15 years (%) | 20 years (%) |
| 1 | 100.0% | 100.0% | 100.0% | 100.0% |
| 2 | 100.0% | 100.0% | 100.0% | 100.0% |
| 3 | 75.0% | 80.0% | 80.0% | 90.0% |
| 4 | 40.0% | 60.0% | 65.0% | 75.0% |
| 5 | 20.0% | 50.0% | 55.0% | 65.0% |
| 6 | NA | NA | 50.0% | 60.0% |
| 7 | NA | NA | 45.0% | 55.0% |
| 8 | NA | NA | 45.0% | 50.0% |
| 9 | NA | NA | 40.0% | 45.0% |
| 10 | NA | NA | 35.0% | 40.0% |
| 11 | NA | NA | 35.0% | 40.0% |
| 12 | NA | NA | 35.0% | 40.0% |
| 13 | NA | NA | 35.0% | 40.0% |
| 14 | NA | NA | 35.0% | 40.0% |
| 15 | NA | NA | 35.0% | 40.0% |
| 16 | NA | NA | NA | 40.0% |
| 17 | NA | NA | NA | 40.0% |
| 18 | NA | NA | NA | 40.0% |
| 19 | NA | NA | NA | 40.0% |
| 20 | NA | NA | NA | 40.0% |
[p.11]
---
### https://lifeinsurance.com.sg/api/product/income/provenance-solitaire/summary.md
# Provenance Solitaire
**Insurer:** Income Insurance (Income Insurance Limited)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/202135698W/VPMW_Summary.pdf
## Source wording
- **Effective from:** (not stated in document)
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/202135698W/VPMW_Summary.pdf
- **PDF sha256:** `d854fa92ba712baeb86eb566dbfaf74660f22c00b89c025be6b186bb0367669b`
- **Extraction confidence:** verified
## Extracted facts
### claims
```json
{
"source_page": 6,
"direct_settlement": true,
"documents_required": [
"claim form"
]
}
```
### riders
```json
[
{
"name": "Provenance Solitaire – Protection Benefit",
"rider_type": "other",
"description": "A single premium compulsory non-participating rider that provides protection against death and terminal illness during the policy term. It does not form part of the Life Participating Fund and no bonus is payable on the benefit.",
"source_page": 2,
"available_at_inception": true,
"available_after_inception": false
},
{
"code": "TSN3",
"name": "Provenance Disability Accelerator",
"rider_type": "tpd",
"description": "A non-participating, single premium accelerated rider that provides total and permanent disability (TPD) cover for a limited period of time. The rider term will follow the basic policy term, subject to the maximum coverage of before the anniversary immediately after the insured reaches the age of 70. The sum assured of this rider cannot exceed the sum assured of its basic policy. Upon TPD, pays 100% of this rider's sum assured and corresponding pro-rated bonuses of the basic policy, or 100% of this rider's minimum protection value (whichever is higher). Any payment under this rider will form an accelerated payment and reduce the sum assured and bonuses of its basic policy.",
"source_page": 16,
"available_at_inception": true,
"available_after_inception": false
}
]
```
### free look
```json
{
"period_days": 14,
"source_page": 6,
"refund_basis": "You will have 14 days from the date you receive the policy documents to be sure that you want to keep the policy. If we deliver the policy by email or any other electronic means to you, the 14 days will start 7 days after the date of the delivery. If we deliver the policy both by post and email or any other electronic means to you, the 14 days will start 7 days after the date of the delivery by post. During this time, 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. 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": 6
},
{
"text": "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": 6
},
{
"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": 6
},
{
"text": "Provenance Disability Accelerator – The benefit is not payable if the 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. We will also not pay this benefit unless the insured is certified by a registered medical practitioner to have been totally and permanently disabled for at least six months in a row. If the insured is also covered for TPD under any policies which have been issued in the past (whether issued by us or by any other insurer), the total TPD benefit due under all these policies cannot be more than S$6.5 million (including premiums waived due to TPD but excluding bonuses).",
"source_page": 17
}
]
```
### cash values
```json
{
"has_cash_value": true,
"non_guaranteed_bonus": {
"text": "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. 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. This policy will become eligible for bonuses after 2 years from the policy entry date. Encashment of bonuses only is not allowed for this policy.",
"available": true,
"bonus_types": [
"reversionary",
"terminal"
],
"source_page": 2,
"par_fund_name": "Life Participating Fund"
},
"guaranteed_surrender_value": {
"basis": "The surrender value upon surrender of the policy consists of a guaranteed surrender value component and a non-guaranteed surrender value component. The policy has an immediate surrender value after the single premium has been paid.",
"available": true,
"source_page": 2
}
}
```
### product type
```json
"whole-life"
```
### policy basics
```json
{
"maximum_coverage_age": "whole-of-life"
}
```
### premium terms
```json
{
"cpf_eligible": {
"srs": false,
"notes": "This plan may be purchased with cash only.",
"source_page": 6,
"special_account": false,
"ordinary_account": false
},
"payment_modes": [
"single"
],
"premium_term_options": [
{
"label": "Single premium",
"description": "A single premium amount is payable at policy inception.",
"source_page": 6
}
]
}
```
### suicide clause
```json
{
"source_page": 6,
"payout_within_period": "This policy is not valid if the 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
```json
{
"wording_version": "Version 1.26",
"product_full_name": "Provenance Solitaire (VPMW & VPVW)",
"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 definitions of terminal illness."
}
```
---
*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.*
---
### https://lifeinsurance.com.sg/api/product/income/provenance-solitaire/wording.md
# Version 1.26
# PRODUCT SUMMARY
# Provenance Solitaire (VPMW & VPVW)
## 1. Policy Description
Provenance Solitaire is a single premium whole life insurance plan that includes Provenance Solitaire – Protection Benefit, a single premium compulsory rider. This plan provides protection against death and terminal illness during the policy term.
Provenance Solitaire is a participating life insurance policy. It allows you to participate in the performance of the Life Participating Fund in the form of bonuses that are not guaranteed. You can find more details about the bonuses in Section 3.
Provenance Solitaire – Protection benefit is a non-participating compulsory rider that does not form part of the Life Participating Fund and no bonus is payable on the benefit.
## 2. Benefits
### 2.1 Death and Terminal Illness (TI) Benefit
Upon death or terminal illness of the insured during the policy term, the benefit shown in Table 1 will be paid.
| Age of the insured when claim event occurs | Benefit |
|---|---|
| Before the anniversary immediately after the insured reaches the age of 85 | • 100% of sum assured and 100% of bonuses; or • Minimum protection value according to Table 2; whichever is higher. |
| On or after the anniversary immediately after the insured reaches the age of 85 | 100% of sum assured and 100% of bonuses. |
**Table 2**
| Age of the insured at policy entry date (age last birthday) | Minimum protection value |
|---|---|
| 0 – 45 | 320% of sum assured |
| 46 – 50 | 280% of sum assured |
| 51 – 55 | 250% of sum assured |
| 56 – 60 | 210% of sum assured |
| 61 – 65 | 180% of sum assured |
| 66 – 70 | 150% of sum assured |
| 71 – 75 | 115% of sum assured |
Any policy loan and interest will be deducted from the benefit amount payable.
This policy will end when we make this payment. We will not pay any further benefits.
Please refer to the policy contract for the exact terms and definitions of terminal illness.
[p.2]
### 2.2 Surrender Value
The surrender value upon surrender of the policy consists of a guaranteed surrender value component and a nonguaranteed surrender value component.
The policy has an immediate surrender value after the single premium has been paid.
Please note that buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be zero or less than the total premiums paid.
Depending on your policy and time of surrender, the return on your policy may be low. It may also be likely that you could incur a loss on your policy in the event of early surrender. You may wish to refer to your policy illustration to understand the cost of surrendering your policy, especially in early durations.
## 3. Bonuses
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.
The bonus rates in this section are based on the illustrated Investment Rate of Return of the Participating Fund at 4.25% per annum.
In comparison, at an illustrated Investment Rate of Return of 3.00% per annum, 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 amount at the illustrated Investment Rate of Return of 3.00% per annum and 4.25% per annum 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.
Please note that the actual bonuses, if any, declared in the future may be higher or lower than those illustrated in this section.
i. 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.
**Bonus Rate**
0.35% of sum assured compounded at 0.35%
ii. Terminal bonus is an additional bonus, which we may pay at the time of a claim, maturity or surrender of the policy.
Please refer to Appendix B for the applicable terminal bonus rate.
Future bonuses of this plan, which have yet to be added to your policy, are not guaranteed. Each year, Income Insurance Limited (Income Insurance) will decide on the amount of bonuses to be allocated to each participating plan. Bonus allocations are approved by the Board of Directors, based on the recommendation by the Appointed Actuary.
All guaranteed benefits, including bonuses which have already been added to your policy, will be provided for regardless of the performance of the Life Participating Fund.
This policy will become eligible for bonuses after 2 years from the policy entry date.
Encashment of bonuses only is not allowed for this policy.
## 4. Investment of the Life Participating Fund
Premiums from all participating policyholders are combined and invested in our Life Participating Fund, which has a broad mix of investment assets.
### Investment Objective
The investment objective of the Life Participating Fund is to maximize returns for our participating policyholders while maintaining an acceptable level of risk.
### Investment Strategy
When setting the investment strategy of the Life Participating Fund, we aim to balance between seeking an attractive return over the long run and taking an acceptable level of risk. The major factors we consider include the product design (e.g. amount of guaranteed benefits, policy term) of our plans, Income Insurance's financial strength, and the prevailing regulations.
### Current Investment Mix and Performance of the Life Participating Fund
The Life Participating Fund is invested in a wide mix of assets. The main asset classes are local and overseas equities, bonds, property and cash.
As of 31 December 2025 the investment mix of the Life Participating Fund is:
| Asset Type | Strategic Asset Allocation | Current Investment Mix |
|---|---|---|
| Risky Assets¹ | 32% | 39%² |
| Fixed Income, Cash & Others | 68% | 61% |
¹ Includes equities and properties
² Includes Collective investment schemes (CIS)
Over time, the relative return of different types of assets may change substantially. Hence, we may vary the investment mix in the future, according to the investment objective and strategy of the Life Participating Fund.
[p.3]
### Total Expense Ratio
The Total Expense Ratio is the proportion of total expenses incurred by the Life Participating Fund to the assets of the Life 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 Life 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 vary significantly from the expected level of expenses, it may affect the non-guaranteed benefits you may receive.
For our Life Participating Fund, the past Total Expense Ratios are shown in the table below.
| | 2023 | 2024 | 2025 | Average over the last 3 years | Average over the last 5 years | Average over the last 10 years |
|---|---|---|---|---|---|---|
| Total Expense Ratio | 0.92% | 0.89% | 0.82% | 0.87% | 0.94% | 0.88% |
Please note that past expense ratios may not be indicative of actual expenses that may be incurred in the future.
### Investment Rate of Return
For our Life Participating Fund, the past investment rates of return (after deducting investment expenses only) are shown in the table below.
| | 2023 | 2024 | 2025 | Average over the last 3 years | Average over the last 5 years | Average over the last 10 years |
|---|---|---|---|---|---|---|
| Investment Returns | 4.19% | 5.07% | 7.66% | 5.63% | 1.58% | 4.04% |
Please note that past performance may not be indicative of future performance.
Changes in economic and investment environment may affect the investment performance of the Life Participating Fund and the bonuses that you may receive.
### External Fund Managers
Assets in the Life Participating Fund are partly managed by Income Insurance and partly managed by external fund managers appointed by Income Insurance. Details of these external fund managers are shown in Appendix A.
## 5. Factors Affecting the Life Participating Fund's Performance
The performance of the Life Participating Fund depends on a number of factors, of which the main ones are:
- Investment performance of the Life Participating Fund, which impacts the Fund most;
- Expenses incurred in managing the Life Participating Fund;
- Mortality and morbidity claims experience of the Life Participating Fund; and
- Surrender and lapse experience of the Life Participating Fund.
[p.4]
The performance of the Life Participating Fund will affect the bonus allocation of your participating policy each year. Income Insurance will take into account the Fund's current performance, its future outlook, as well as the financial strength of the Life Participating Fund when setting bonus rates.
## 6. How Risks are shared in the Life Participating Fund
Premiums from all participating policyholders are combined and invested in the Life Participating Fund. Hence, the Life Participating Fund is of a significant size that enables risks to be pooled and diversified.
The key risks that the Life Participating Fund is subjected to include investment risks, expense risks (when expenses of running the business are higher than expected), mortality and longevity risks, morbidity risks, and surrender and lapse risks (when actual surrenders differ from expected).
Some non-participating and investment-linked businesses are written in the Life Participating Fund and they may also be subjected to similar risks. These risks result in profit and losses, which will be accounted for in the surplus of the Life Participating Fund, thus influencing its financial strength.
In determining sustainable bonus rates for the participating policies, we look to their asset share, which is the value of the assets available to back the policy. It is calculated as the total premiums received plus actual investment returns and other profits earned by the Life Participating Fund, less expenses and charges and other outgo.
## 7. Smoothing of Bonuses
As investment performance may vary from year to year, bonuses are smoothed to ensure stable medium to long-term returns on your participating policy. This means that bonuses may be held back in good years to support the maintenance of the bonus in years when the performance of the Life Participating Fund is less favourable. It is intended that over the long term, the net impact of smoothing is neutral. Smoothing will never reduce any guaranteed benefits that may apply.
Smoothing is a common industry practice.
This product was launched in 2022.
The bonus rates for the past 3 years (or less if the product was launched later) are consistent with the illustrated rates stated in Section 3 "Bonuses".
Please note that past performance is not necessarily indicative of future performance of the Life Participating Fund.
## 8. Expenses of the Life Participating Fund
Expenses are incurred in the course of running the Life Participating Fund. These expenses include commission, distribution costs, general overheads, underwriting expenses, policy issue and claims expenses, depreciation, etc. This is not an exhaustive list of expenses incurred by the Life Participating Fund.
Expense directly incurred by the Life Participating Fund would be charged to the Life Participating Fund. However, some expenses are shared across all funds. These expenses would be allocated to each fund (including the Life Participating Fund), using a methodology determined by the Appointed Actuary. To ensure equity and fairness, the methodology aims to allocate expenses in a manner that reflects the cost of running the business in each fund.
These expenses incurred by the Life Participating Fund have been included in the premium and will not be separately charged to the policyholder.
[p.5]
## 9. Conflict of Interests
We seek to treat our customers fairly, balancing any conflicting interests that arise between various groups and generations of policyholders or between policyholders and shareholders.
## 10. Related Party Transactions
Fullerton Fund Management Company Ltd, an external fund manager which manages a substantial portion of the Life Participating Fund, is a related party to Income Insurance. Income Insurance has governance and controls in place to ensure related party transactions are conducted at arm's length.
## 11. Riders
With additional premiums, 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.
## 12. Premiums
A single premium amount is payable at policy inception.
This plan may be purchased with cash only.
## 13. Exclusions
There are certain conditions under which no benefits will be payable under this policy as listed below. Please refer to the policy contract for the full details of the exclusions.
### Death Benefit
This policy is not valid if the 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.
### Terminal Illness Benefit
This 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.
### Other Conditions
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.
## 14. Free-Look
You will have 14 days from the date you receive the policy documents to be sure that you want to keep the policy. If we deliver the policy by email or any other electronic means to you, the 14 days will start 7 days after the date of the delivery. If we deliver the policy both by post and email or any other electronic means to you, the 14 days will start 7 days after the date of the delivery by post.
During this time, 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.
## 15. Claim
To make a claim for death benefit, we must be told within six months after the insured's death.
If this policy provides for accidental death or accidental total and permanent disability (TPD) benefit, we must be told within thirty days after the insured's death or TPD. If you tell us after the thirty days, we will not pay the claim for accidental death or accidental TPD benefit.
To make a claim for other benefits, we must be told within six months after the diagnosis or the event giving rise to the claim. If you tell us after the six months, we will not pay the claim for the other benefits.
When we pay a claim, we will not refund premiums paid.
Please refer to our webpage for the claim procedures: income.com.sg/claims.
[p.6]
### Terminal Illness Benefit
This 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.
### Other Conditions
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.
## 16. Termination
You may write in to terminate or surrender your policy any time. Please refer to our webpage for the termination or surrender procedures: income.com.sg/claims/life-and-health-insurance/surrender-of-policies.
Please note that an early termination of the policy usually involves high costs and the surrender value payable (if applicable) may be zero or less than the total premiums paid.
## 17. Performance Update
To evaluate the performance of your policy and the Life Participating Fund, you may wish to refer to the following documents:
i. Annual Bonus Update (sent annually to participating policyholders)
ii. Policyholder Annual Statement (sent annually to all policyholders)
iii. Post Sales Illustration (available upon request)
## 18. 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 Income Insurance or visit the GIA/LIA or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).
## DISCLAIMER
This product summary does not form a part of the contract of insurance. It is only meant to be a simplified description of the product features which apply to this plan and does not explain the whole contract. The contents of this product summary may be different from the terms of cover eventually issued. Please read the policy contract for the precise terms, conditions and exclusions. Only the terms, conditions and exclusions in the policy contract will be enforceable by the policyholder and Income Insurance.
[p.7]
# Appendix A - List of External Fund Managers
## Appointed Managers:
1. Allianz Global Investors Singapore Limited - 79 Robinson Road #09-03 | Singapore 068897
2. Baillie Gifford Asia (HK) Limited - Suites 2713-2715, 8 Finance Street | Two International Finance Centre Central, Hong Kong
3. Blackstone Credit Hibiscus Feeder Fund LP - 345 Park Avenue, #31/F | New York, NY 10154
4. BlackRock - 20 Anson Road #18-01 | Twenty Anson Singapore 079912
5. CBRE Investment Management Indirect Limited - 2 Tanjong Katong Road #06-01 | Paya Lebar Quarter Singapore 437161
6. Cerberus Capital Management, L.P. - 875 Third Avenue, #10/F | New York, NY 10022
7. E Fund Management (HK) Co., Limited - Suites 3501-02, 8 Finance Street | Two International Finance Centre Central, Hong Kong
8. J.P. Morgan Asset Management - 88 Market Street #30/F | CapitaSpring Singapore 048948
9. MFS International Limited - 250 North Bridge Road #08-01 | Raffles City Tower Singapore 179101
10. Morgan Stanley Investment Management - 23 Church Street #16-01 | Capital Square Singapore 049481
11. PIMCO Asia Pte Ltd - 8 Marina View #30-01 | Asia Square Tower 1 Singapore 018960
12. SeaTown Private Strategies GP II Pte. Ltd. - 3 Fraser Street #06-23 | DUO Tower Singapore 189352
13. Schroder Investment Management Ltd - 138 Market Street #23-01 | CapitaGreen Singapore 048946
14. State Street Global Markets - Portfolio Solutions - 168 Robinson Road #33-01 | Capital Tower Singapore 068912
15. Wellington International Management Company Pte Ltd - 8 Marina Boulevard, #03-01 | Tower 1, Marina Bay Financial Centre Singapore 018981
16. Invesco Asset Management Singapore Limited - 9 Raffles Place #18-01 | Republic Plaza Singapore 048619
17. Russell Investments - 135 King Street #29/F | Sydney, NSW 2000, Australia
18. Fullerton Fund Management Company Ltd - 3 Fraser Street #09-28 | DUO Tower Singapore 189352
19. Barings LLC - 300 South Tryon Street, Suite 2500 | Charlotte, NC 28202
20. Blue Owl Capital - 399 Park Avenue, #37/F | New York, NY 10022
21. Ares Capital Management LLC - 245 Park Avenue, #44/F | New York, NY 10167
22. Churchill Asset Management - 375 Park Avenue, #9/F | New York, NY 10152
23. Goldman Sachs Asset Management, L.P. - 200 West Street, #15/F | New York, NY 10282
24. HPS Investment Partners, LLC - 40 West 57th Street, #33/F | New York, NY 10019
25. TPG Angelo Gordon - 245 Park Avenue, #26/F | New York, NY 10167
26. MGG Investment Group - One Pennsylvania Plaza, #53/F | New York, NY 10119
27. Crescent Credit Europe LLP - 2 Cavendish Square | London W1G 0PU
28. Permira Credit - 100 Pall Mall, #2F | London, SW1Y 5NQ
29. Coller Capital Limited - Park House, 116 Park Street | London, W1K 6AF
30. Crescent Capital Group - 11100 Santa Monica Boulevard, Suite 2000 | Los Angeles, CA 90025
31. Sixth Street Partners - 1 Letterman Dr, Building B/Yoda Fountain | San Francisco, CA 94129
32. CapitaLand Investment Limited - 168 Robinson Road, #30-01 Capital Tower | Singapore 068912
[p.8-11]
# Appendix B – Terminal Bonus Rates
## Terminal bonus rates at the illustrated investment rates of return of 4.25% p.a.
A terminal bonus (TB) defined as a percentage of the accumulated reversionary bonuses will top-up the total amount payable upon claim, surrender or maturity of the policy, if applicable. This TB is not-guaranteed and will be determined annually.
### i) Death / Terminal Illness
| Duration | Bonus Rate | Duration | Bonus Rate |
|---|---|---|---|
| 1 | 40% | 31 | 1393% |
| 2 | 150% | 32 | 1393% |
| 3 | 261% | 33 | 1393% |
| 4 | 680% | 34 | 1422% |
| 5 | 680% | 35 | 1431% |
| 6 | 680% | 36 | 1431% |
| 7 | 680% | 37 | 1431% |
| 8 | 680% | 38 | 1431% |
| 9 | 1181% | 39 | 1431% |
| 10 | 1181% | 40 | 1431% |
| 11 | 1181% | 41 | 1431% |
| 12 | 1181% | 42 | 1431% |
| 13 | 1181% | 43 | 1431% |
| 14 | 1276% | 44 | 1431% |
| 15 | 1276% | 45 | 1431% |
| 16 | 1276% | 46 | 1431% |
| 17 | 1276% | 47 | 1431% |
| 18 | 1276% | 48 | 1431% |
| 19 | 1276% | 49 | 1431% |
| 20 | 1276% | 50 | 1431% |
| 21 | 1276% | 51 | 1431% |
| 22 | 1276% | 52 | 1431% |
| 23 | 1276% | 53 | 1431% |
| 24 | 1393% | 54 | 1431% |
| 25 | 1393% | 55 | 1431% |
| 26 | 1393% | 56 | 1431% |
| 27 | 1393% | 57 | 1431% |
| 28 | 1393% | 58 | 1431% |
| 29 | 1393% | 59 | 1431% |
| 30 | 1393% | 60 | 1431% |
[p.12]
| Duration | Bonus Rate |
|---|---|
| 61 | 1431% |
| 62 | 1431% |
| 63 | 1431% |
| 64 | 1431% |
| 65 | 1431% |
| 66 | 1431% |
| 67 | 1431% |
| 68 | 1431% |
| 69 | 1431% |
| 70 | 1431% |
| 71 | 1431% |
| 72 | 1431% |
| 73 | 1431% |
| 74 | 1431% |
| 75 | 1431% |
| 76 | 1431% |
| 77 | 1431% |
| 78 | 1431% |
| 79 | 1431% |
| 80 | 1431% |
| 81 | 1431% |
| 82 | 1431% |
| 83 | 1431% |
| 84 | 1431% |
| 85 | 1431% |
| 86 | 1431% |
| 87 | 1431% |
| 88 | 1431% |
| 89 | 1431% |
| 90 | 1431% |
| 91 | 1431% |
| 92 | 1431% |
| 93 | 1431% |
| 94 | 1431% |
| 95 | 1431% |
| 96 | 1431% |
| 97 | 1431% |
| 98 | 1431% |
| 99 | 1431% |
| 100 | 1431% |
| 101 | 1431% |
| 102 | 1431% |
| 103 | 1431% |
| 104 | 1431% |
| 105 | 1431% |
| 106 | 1431% |
| 107 | 1431% |
| 108 | 1431% |
| 109 | 1431% |
| 110 | 1431% |
| 111 | 1431% |
| 112 | 1431% |
| 113 | 1431% |
| 114 | 1431% |
| 115 | 1431% |
| 116 | 1431% |
| 117 | 1431% |
| 118 | 1431% |
| 119 | 1431% |
| 120 | 1431% |
[p.13]
### ii) Surrender
| Duration | Bonus Rate | Duration | Bonus Rate |
|---|---|---|---|
| 1 | 0% | 31 | 680% |
| 2 | 0% | 32 | 714% |
| 3 | 0% | 33 | 736% |
| 4 | 0% | 34 | 750% |
| 5 | 0% | 35 | 765% |
| 6 | 24% | 36 | 779% |
| 7 | 49% | 37 | 794% |
| 8 | 73% | 38 | 808% |
| 9 | 98% | 39 | 823% |
| 10 | 122% | 40 | 845% |
| 11 | 147% | 41 | 905% |
| 12 | 171% | 42 | 927% |
| 13 | 195% | 43 | 949% |
| 14 | 220% | 44 | 977% |
| 15 | 244% | 45 | 1005% |
| 16 | 279% | 46 | 1032% |
| 17 | 313% | 47 | 1060% |
| 18 | 346% | 48 | 1088% |
| 19 | 381% | 49 | 1116% |
| 20 | 415% | 50 | 1143% |
| 21 | 450% | 51 | 1177% |
| 22 | 483% | 52 | 1221% |
| 23 | 517% | 53 | 1249% |
| 24 | 552% | 54 | 1277% |
| 25 | 586% | 55 | 1304% |
| 26 | 601% | 56 | 1332% |
| 27 | 615% | 57 | 1360% |
| 28 | 629% | 58 | 1388% |
| 29 | 644% | 59 | 1415% |
| 30 | 658% | 60 | 1431% |
[p.14]
| Duration | Bonus Rate |
|---|---|
| 61 | 1431% |
| 62 | 1431% |
| 63 | 1431% |
| 64 | 1431% |
| 65 | 1431% |
| 66 | 1431% |
| 67 | 1431% |
| 68 | 1431% |
| 69 | 1431% |
| 70 | 1431% |
| 71 | 1431% |
| 72 | 1431% |
| 73 | 1431% |
| 74 | 1431% |
| 75 | 1431% |
| 76 | 1431% |
| 77 | 1431% |
| 78 | 1431% |
| 79 | 1431% |
| 80 | 1431% |
| 81 | 1431% |
| 82 | 1431% |
| 83 | 1431% |
| 84 | 1431% |
| 85 | 1431% |
| 86 | 1431% |
| 87 | 1431% |
| 88 | 1431% |
| 89 | 1431% |
| 90 | 1431% |
| 91 | 1431% |
| 92 | 1431% |
| 93 | 1431% |
| 94 | 1431% |
| 95 | 1431% |
| 96 | 1431% |
| 97 | 1431% |
| 98 | 1431% |
| 99 | 1431% |
| 100 | 1431% |
| 101 | 1431% |
| 102 | 1431% |
| 103 | 1431% |
| 104 | 1431% |
| 105 | 1431% |
| 106 | 1431% |
| 107 | 1431% |
| 108 | 1431% |
| 109 | 1431% |
| 110 | 1431% |
| 111 | 1431% |
| 112 | 1431% |
| 113 | 1431% |
| 114 | 1431% |
| 115 | 1431% |
| 116 | 1431% |
| 117 | 1431% |
| 118 | 1431% |
| 119 | 1431% |
| 120 | 1431% |
[p.15]
---
# Version 1.24
# PRODUCT SUMMARY
# PROVENANCE DISABILITY ACCELERATOR (TSN3)
## 1. Rider Description
Provenance Disability Accelerator is an accelerated rider attached to a basic policy. It is a non-participating, single premium accelerated rider that provides total and permanent disability (TPD) cover for a limited period of time.
The rider term will follow the basic policy term, subject to the maximum coverage of before the anniversary immediately after the insured reaches the age of 70. The sum assured of this rider cannot exceed the sum assured of its basic policy.
## 2. Benefits
### Total and Permanent Disability (TPD) Benefit
If the insured becomes TPD (before the anniversary immediately after the insured reaches the age of 70) during the term of this rider, we will pay:
(a) 100% of this rider's sum assured and corresponding pro-rated bonuses of the basic policy; or
(b) 100% of this rider's minimum protection value according to Table 1;
whichever is higher.
| Age of the insured at policy entry date (age last birthday) | Minimum protection value |
|---|---|
| 0 – 45 | 320% of sum assured |
| 46 – 50 | 280% of sum assured |
| 51 – 55 | 250% of sum assured |
| 56 – 60 | 210% of sum assured |
| 61 – 64 | 180% of sum assured |
This rider will end after we make this payment.
Any payment under this rider will form an accelerated payment and reduce the sum assured and bonuses of its basic policy and other accelerated riders of its basic policy by the same amount we pay under this rider.
We will work out any future claims based on the reduced sum assured. This rider will end immediately when its basic policy ends or when we have fully paid the sum assured of this rider.
Please refer to the policy contract for the exact terms and definition of TPD.
[p.16]
## 3. Premiums
A single premium amount is payable at policy inception.
This plan may be purchased with cash only.
## 4. Exclusions
There are certain conditions under which no benefits will be payable under this rider as listed below. Please refer to the policy contract for the full details of the exclusions.
Under the definition of total and permanent disability (TPD), if the insured is under 65 years old, he or she must be unable to carry out any occupation. The rider does not pay if the insured is merely unable to perform the same job as before, or is unable to perform a job to which his or her training, education or experience is suited for.
If the insured becomes totally and permanently disabled when the insured is 65 years old and above (but before the anniversary immediately after the insured reaches the age of 70), the insured must be suffering from a severe disability. Otherwise, we will not pay the benefit.
However, if there is total physical loss before the anniversary immediately after the insured reaches the age of 70, the rider will pay the benefit.
The benefit is not payable if the 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.
We will also not pay this benefit unless the insured is certified by a registered medical practitioner to have been totally and permanently disabled for at least six months in a row.
If the insured is also covered for TPD under any policies which have been issued in the past (whether issued by us or by any other insurer), the total TPD benefit due under all these policies cannot be more than S$6.5 million (including premiums waived due to TPD but excluding bonuses). In this case we will first take into account the amounts due under the earlier policies, and then pay out only an amount to bring the total payments to S$6.5 million (including premiums waived due to TPD but excluding bonuses).
### Other Conditions
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.
[p.17]
## 5. Claim
To make a claim for death benefit, we must be told within six months after the insured's death.
If this policy provides for accidental death or accidental total and permanent disability (TPD) benefit, we must be told within thirty days after the insured's death or TPD. If you tell us after thirty days, we will not pay the claim for accidental death or accidental TPD benefit.
To make a claim for other benefits, we must be told within six months after the diagnosis or the event giving rise to the claim. If you tell us after the six months, we will not pay the claim for the other benefits.
When we pay a claim, we will not refund any premiums that have been paid.
Please refer to our webpage for the claim procedures: income.com.sg/claims.
## 6. Termination
This rider will end immediately when the basic policy ends or when the sum assured of this rider is fully paid.
You may write in to terminate or surrender your rider any time. Please refer to our webpage for the termination or surrender procedures: income.com.sg/claims/life-and-health-insurance/surrender-of-policies.
If you terminate or surrender your rider before the end of the rider term, we will end your rider and we will not refund any unused premium. You will not be able to reinstate the rider after it has ended.
## DISCLAIMER
This product summary does not form a part of the contract of insurance. It is only meant to be a simplified description of the product features which apply to this plan and does not explain the whole contract. The contents of this product summary may be different from the terms of cover eventually issued. Please read the policy contract for the precise terms, conditions and exclusions. Only the terms, conditions and exclusions in the policy contract will be enforceable by the policyholder and Income Insurance Limited (Income Insurance).
[p.18]
---
### https://lifeinsurance.com.sg/api/product/income/star-term-protect/summary.md
# Star Term Protect
**Insurer:** Income Insurance (Income Insurance Limited)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/202135698W/TAN19_Summary.pdf
## Source wording
- **Effective from:** (not stated in document)
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/202135698W/TAN19_Summary.pdf
- **PDF sha256:** `3e97dffa7560cb9f49b46dc3a28b69e83516e51956878b48e29133f882631bd5`
- **Extraction confidence:** verified
## Extracted facts
### claims
```json
{
"source_page": 5,
"documents_required": []
}
```
### riders
```json
[
{
"name": "Available riders (unspecified)",
"rider_type": "other",
"description": "With additional premiums, 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": 3,
"available_at_inception": true
}
]
```
### free look
```json
{
"period_days": 14,
"source_page": 4,
"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
```json
[
{
"text": "This policy is not valid if the 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": 3
},
{
"text": "The TI benefit is not payable if the 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": 3
},
{
"text": "Under the definition of total and permanent disability (TPD), if the insured is under 65 years old, he or she must be unable to carry out any occupation. The policy does not pay if the insured is merely unable to perform the same job as before, or is unable to perform a job to which his or her training, education or experience is suited for.",
"source_page": 3
},
{
"text": "If the insured is 65 years old and above (but before the anniversary immediately after insured reaches the age of 70), he or she must be suffering from a severe disability. Otherwise, the policy will not pay the benefit.",
"source_page": 3
},
{
"text": "The TPD benefit is not payable if the 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": 3
},
{
"text": "The policy also does not pay this benefit unless the insured is certified by a registered medical practitioner to have been totally and permanently disabled for at least six months in a row.",
"source_page": 3
},
{
"text": "If the insured is also covered for TPD under any policies which have been issued in the past (whether issued by us or by any other insurer), the total TPD benefit due under all these policies cannot be more than S$6.5 million (including premiums waived due to TPD but excluding bonuses).",
"source_page": 3
},
{
"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": 4
}
]
```
### cash values
```json
{
"has_cash_value": false,
"non_guaranteed_bonus": {
"available": false
},
"guaranteed_surrender_value": {
"basis": "There is no surrender or cash value available.",
"available": false,
"source_page": 3
}
}
```
### policy loan
```json
{
"available": false,
"source_page": 3
}
```
### grace period
```json
{
"days": 30,
"source_page": 4
}
```
### product type
```json
"term-life"
```
### policy basics
```json
{
"maximum_entry_age": {
"basis": "age-last-birthday",
"source_page": 1
},
"minimum_entry_age": {
"basis": "age-last-birthday",
"source_page": 1
},
"maximum_coverage_age": {
"basis": "age-last-birthday",
"years": 84,
"source_page": 2
},
"maximum_policy_term_years": 35,
"minimum_policy_term_years": 5
}
```
### premium terms
```json
{
"payment_modes": [
"annual",
"semi-annual",
"quarterly",
"monthly"
],
"premium_term_options": [
{
"label": "Regular pay to end of policy term",
"description": "Premiums are payable throughout the premium term. You can choose to pay monthly, quarterly, half-yearly or yearly. Premium rates are guaranteed throughout the policy term and applicable to standard lives.",
"source_page": 2
}
],
"premium_review_clause": {
"text": "Premium rates are guaranteed throughout the policy term and applicable to standard lives.",
"reviewable": false,
"source_page": 2
}
}
```
### reinstatement
```json
{
"conditions": "If this policy and its riders (if any) end because you have not paid the premium, 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.",
"source_page": 4,
"window_years": 3
}
```
### suicide clause
```json
{
"source_page": 3,
"payout_within_period": "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
```json
{
"wording_version": "Version 1.25",
"product_full_name": "Star Term Protect (TAN19)",
"insurer_legal_entity": "Income Insurance Limited"
}
```
### terminal illness benefit
```json
{
"available": true,
"source_page": 1,
"acceleration_percent": 100,
"qualifying_definition": "Upon diagnosis of the insured with TI during the policy term, the sum assured will be paid. Please refer to the policy contract for the exact terms and definitions of TPD and 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.*
---
### https://lifeinsurance.com.sg/api/product/income/star-term-protect/wording.md
# Version 1.25
# PRODUCT SUMMARY
## Star Term Protect (TAN19)
### 1. Policy Description
Star Term Protect is a non-participating, regular premium term plan that provides insurance coverage for a limited period of time.
It provides protection against death, total and permanent disability (TPD before the anniversary immediately after insured reaches the age of 70) and terminal illness during the term of the policy. This policy cannot be cashed in.
The following policy terms are available:
- 5, 10, 15, 20, 25, 30 or 35 years
- Up to age 54, 64 or 74 (last birthday)
### 2. Benefits
#### I. Death Benefit
Upon death of the insured during the policy term, the sum assured will be paid.
The policy terminates thereafter.
#### II. Total and Permanent Disability (TPD) Benefit
Upon diagnosis of the insured with TPD (before the anniversary immediately after insured reaches the age of 70) during the policy term, the sum assured will be paid.
The policy terminates thereafter.
#### III. Terminal Illness (TI) Benefit
Upon diagnosis of the insured with TI during the policy term, the sum assured will be paid.
The policy terminates thereafter.
Please refer to the policy contract for the exact terms and definitions of TPD and TI.
### 3. Premiums
Premiums are payable throughout the premium term. You can choose to pay monthly, quarterly, half-yearly or yearly. Premium rates are guaranteed throughout the policy term and applicable to standard lives.
[p.2]
Premium discount on large sum assured is applicable; and this has been taken into account in the calculation of the premiums payable in the policy illustration.
### 4. Renewability
Upon expiry of the policy term, if there is no claim on the policy during its term, the policy will be renewed automatically. The policy can be renewed for the same term and sum assured.
However, if the original policy term is not in multiples of five years, or if renewal at the same term will result in expiry after age 84 last birthday of the insured, we will renew the policy for a shorter term in multiples of 5 years.
The policy will no longer be eligible for renewal if the insured is age 80 last birthday and above at the time when the policy term expires.
Renewal premium rates will be based on the renewal term, sum assured and attained age of the insured at renewal.
### 5. Riders
With additional premiums, 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.
### 6. Surrender Value and Policy Loan
There is no surrender or cash value available. As such, policy loan is not available under this plan.
### 7. Exclusions
There are certain conditions under which no benefits will be payable under this policy as listed below. Please refer to the policy contract for the full details of the exclusions.
#### Death Benefit
This policy is not valid if the 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.
[p.3]
#### Terminal illness (TI) Benefit
The TI benefit is not payable if the 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.
#### Total and permanent disability (TPD) Benefit
Under the definition of total and permanent disability (TPD), if the insured is under 65 years old, he or she must be unable to carry out any occupation. The policy does not pay if the insured is merely unable to perform the same job as before, or is unable to perform a job to which his or her training, education or experience is suited for.
If the insured is 65 years old and above (but before the anniversary immediately after insured reaches the age of 70), he or she must be suffering from a severe disability. Otherwise, the policy will not pay the benefit.
However, if there is total physical loss before the anniversary immediately after insured reaches the age of 70, the policy will pay the benefit.
The TPD benefit is not payable if the 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.
The policy also does not pay this benefit unless the insured is certified by a registered medical practitioner to have been totally and permanently disabled for at least six months in a row.
If the insured is also covered for TPD under any policies which have been issued in the past (whether issued by us or by any other insurer), the total TPD benefit due under all these policies cannot be more than S$6.5 million (including premiums waived due to TPD but excluding bonuses). In this case we will first take into account the amounts due under the earlier policies, and then pay out only an amount to bring the total payments to S$6.5 million (including premiums waived due to TPD but excluding bonuses). The cover for death or terminal illness will be reduced by the TPD payment, and this remaining cover will continue as long as you pay premiums on it. We will work out the remaining cover as well as the reduced premium you will need to pay for this remaining cover.
#### Other Conditions
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.
[p.4]
### 8. Free-Look
You will have 14 days from the date you receive the policy documents to be sure that you want to keep the policy. If we deliver the policy by email or any other electronic means to you, the 14 days will start 7 days after the date of the delivery. If we deliver the policy both by post and email or any other electronic means to you, the 14 days will start 7 days after the date of the delivery by post.
During this time, 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.
### 9. Grace Period
There is a 30 days grace period to pay the premiums due on your policy. If any benefits are due to be paid during this period, the unpaid premiums will be deducted from the benefits.
### 10. Lapse
If premiums are still not paid after the grace period, this policy and its rider (if any) will lapse.
### 11. Reinstatement Period
If this policy and its riders (if any) end because you have not paid the premium, 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.
### 12. Claim
To make a claim for death benefit, we must be told within six months after the insured's death.
If this policy provides for accidental death or accidental total and permanent disability (TPD) benefit, we must be told within thirty days after the insured's death or TPD. If you tell us after the thirty days, we will not pay the claim for accidental death or accidental TPD benefit.
To make a claim for other benefits, we must be told within six months after the diagnosis or the event giving rise to the claim. If you tell us after the six months, we will not pay the claim for the other benefits.
When we pay a claim, we will not refund any premiums that have been paid.
Please refer to our webpage for the claim procedures: income.com.sg/claims.
### 13. Termination
You may write in to terminate or surrender your policy any time. Please refer to our webpage for the termination or surrender procedures: income.com.sg/claims/life-and-health-insurance/surrender-of-policies.
[p.5]
If you terminate or surrender this policy and its riders (if any) before the next premium is due, we will end this policy and its riders (if any) from the next premium due date and we will not refund any unused premium.
### 14. 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 Income Insurance Limited (Income Insurance) or visit the GIA/LIA or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).
## DISCLAIMER
This product summary does not form a part of the contract of insurance. It is only meant to be a simplified description of the product features which apply to this plan and does not explain the whole contract. The contents of this product summary may be different from the terms of cover eventually issued. Please read the policy contract for the precise terms, conditions and exclusions. Only the terms, conditions and exclusions in the policy contract will be enforceable by the policyholder and Income Insurance.
---
### https://lifeinsurance.com.sg/api/product/income/termlife-solitaire/summary.md
# TermLife Solitaire
**Insurer:** Income Insurance (Income Insurance Limited)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/202135698W/TBN4TCN2_Summary.pdf
## Source wording
- **Effective from:** (not stated in document)
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/202135698W/TBN4TCN2_Summary.pdf
- **PDF sha256:** `a05b37cd7d0661fce8b0e2fc2d98971bcad4f2f02b2e9f31e93c4a9bab3f4f95`
- **Extraction confidence:** verified
## Extracted facts
### claims
```json
{
"source_page": 2,
"direct_settlement": false,
"documents_required": []
}
```
### riders
```json
[
{
"code": "TCN2",
"name": "Disability Accelerator",
"rider_type": "tpd",
"description": "Disability Accelerator is an accelerated rider attached to a basic policy. It is a non-participating, regular premium rider that provides insurance protection against total and permanent disability (TPD) for a limited period of time. The term of rider will follow the basic policy term, subject to the maximum coverage of age 70 last birthday. The sum assured of this rider cannot exceed the sum assured of the basic policy.",
"source_page": 5,
"available_at_inception": true,
"available_after_inception": true
}
]
```
### free look
```json
{
"period_days": 14,
"source_page": 1,
"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
```json
[
{
"text": "This policy is not valid if the 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": 1
},
{
"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": 1
},
{
"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 the policy or rider.",
"source_page": 1
}
]
```
### cash values
```json
{
"has_cash_value": false,
"non_guaranteed_bonus": {
"available": false
},
"guaranteed_surrender_value": {
"basis": "There is no surrender or cash value available.",
"available": false,
"source_page": 1
}
}
```
### policy loan
```json
{
"available": false,
"source_page": 1
}
```
### grace period
```json
{
"days": 30,
"source_page": 1
}
```
### product type
```json
"term-life"
```
### policy basics
```json
{
"maximum_coverage_age": {
"basis": "age-last-birthday",
"years": 100,
"source_page": 1
},
"maximum_policy_term_years": "40 years (or up to age 100 last birthday)",
"minimum_policy_term_years": "10 years (or up to age 64, 74, 84 or 100 last birthday)"
}
```
### premium terms
```json
{
"payment_modes": [
"monthly",
"quarterly",
"semi-annual",
"annual"
],
"premium_term_options": [
{
"label": "Regular pay throughout policy term",
"description": "Premiums are payable throughout the premium term. You can choose to pay monthly, quarterly, half-yearly or yearly. Premium rates are guaranteed throughout the policy term and applicable to standard lives.",
"source_page": 1
}
],
"premium_review_clause": {
"text": "Premium rates are guaranteed throughout the policy term and applicable to standard lives.",
"reviewable": false,
"source_page": 1
}
}
```
### reinstatement
```json
{
"conditions": "If this policy and its riders (if any) end because you have not paid the premium, you can reinstate it 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 when you apply, then you need not give us satisfactory proof of the insured's good health.",
"source_page": 1,
"window_years": 3
}
```
### non forfeiture
```json
{
"paid_up": {
"text": "There is no surrender or cash value available.",
"available": false
},
"source_page": 1,
"extended_term": {
"text": "There is no surrender or cash value available.",
"available": false
},
"automatic_premium_loan": {
"text": "There is no surrender or cash value available. As such, policy loan is not available under this policy.",
"available": false
}
}
```
### suicide clause
```json
{
"source_page": 1,
"payout_within_period": "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
```json
{
"wording_version": "Version 1.25",
"product_full_name": "TermLife Solitaire",
"insurer_legal_entity": "Income Insurance Limited"
}
```
### terminal illness benefit
```json
{
"available": true,
"source_page": 1,
"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.*
---
### https://lifeinsurance.com.sg/api/product/income/termlife-solitaire/wording.md
# Version 1.25
## PRODUCT SUMMARY
### TermLife Solitaire (TBN4)
#### 1. Policy Description
TermLife Solitaire is a non-participating, regular premium term insurance protection plan that provides cover for a limited period. We will pay benefits if the insured becomes terminally ill or dies during the term of the policy. You cannot cash in this policy.
The following policy terms are available:
- 10, 15, 20, 25, 30, 35 or 40 years
- Up to age 64, 74, 84 or 100 (last birthday)
#### 2. Benefits
##### Terminal illness (TI) and death benefit
If the insured becomes terminally ill or dies during the term of the policy, we will pay the sum assured. The policy will end when we make this payment.
When we make an accelerated payment on a rider that is attached to this policy, we will reduce the sum assured of this policy and other accelerated riders attached to this policy by the same amount that we pay under that rider.
If there is an accelerated payment on this policy during the policy term, when it ends, we will renew this policy for the same policy term (based on section 4 below) at the reduced sum assured.
We will work out any future premiums or claims based on the reduced sum assured, as long as the sum assured does not reach zero. This policy will end when the sum assured reaches zero.
Please refer to the policy contract for the exact terms and definition of TI.
#### 3. Premiums
Premiums are payable throughout the premium term. You can choose to pay monthly, quarterly, half-yearly or yearly. Premium rates are guaranteed throughout the policy term and applicable to standard lives.
#### 4. Renewability
The policy term will give details of how long this policy applies for. If your policy has not ended as a result of a claim during its term, when it ends, we will renew it for the same policy term at its prevailing sum assured.
However, in any one of the situations shown below, the policy will only be renewed for a shorter term that is a multiple of five years, subject to a minimum term of 10 years. This means the renewal term will neither go beyond the original policy term, nor the anniversary immediately after the insured's 100th birthday.
- If the original policy term is not in multiple of five years.
- If the original policy term is in multiple of five years, but the anniversary immediately after the insured's 100th birthday falls within the next policy term.
We will continue to renew the policy in this way until the insured is 75 years or older at the time the policy is due for renewal. We will stop renewing the policy then.
We will work out the renewal premium based on the policy's renewal term, sum assured and the age of the insured at the time the policy is renewed.
#### 5. Riders
With additional premiums, 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.
#### 6. Surrender Value (Cash Value) and Policy Loan
There is no surrender or cash value available. As such, policy loan is not available under this policy.
#### 7. Exclusions
There are certain conditions under which no benefits will be payable under this policy as listed below. Please refer to the policy contract for the full details of the exclusions.
##### Death Benefit
This policy is not valid if the 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.
##### Terminal Illness (TI) Benefit
We will not pay this 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.
##### Other Conditions
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 the policy or rider.
#### 8. Free-Look
You will have 14 days from the date you receive the policy documents to be sure that you want to keep the policy. If we deliver the policy by email or any other electronic means to you, the 14 days will start 7 days after the date of the delivery. If we deliver the policy both by post and email or any other electronic means to you, the 14 days will start 7 days after the date of the delivery by post.
During this time, 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.
#### 9. Grace Period
There is a 30 days grace period to pay the premiums due on your policy. If any benefits are due to be paid during this period, the unpaid premiums will be deducted from the benefits.
#### 10. Lapse
If premiums are still not paid after the grace period, this policy and its riders (if any) will end.
#### 11. Reinstatement Period
If this policy and its riders (if any) end because you have not paid the premium, you can reinstate it 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 when you apply, then you need not give us satisfactory proof of the insured's good health.
#### 12. Claim
To make a claim for death benefit, we must be told within six months after the insured's death.
If this policy provides for accidental death or accidental total and permanent disability (TPD) benefit, we must be told within thirty days after the insured's death or TPD. If you tell us after the thirty days, we will not pay the claim for accidental death or accidental TPD benefit.
To make a claim for other benefits, we must be told within six months after the diagnosis or the event giving rise to the claim. If you tell us after the six months, we will not pay the claim for the other benefits.
When we pay a claim, we will not refund any premiums that have been paid.
Please refer to our webpage for the claim procedures: income.com.sg/claims.
#### 13. Termination
You may write in to terminate or surrender your policy any time. Please refer to our webpage for the termination or surrender procedures: income.com.sg/claims/life-and-health-insurance/surrender-of-policies.
If you terminate or surrender this policy and its riders (if any) before the next premium is due, we will end this policy and its rider (if any) from the next premium due date and we will not refund any unused premium.
#### 14. 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 Income Insurance Limited (Income Insurance) or visit the GIA/LIA or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).
### DISCLAIMER
This product summary does not form a part of the contract of insurance. It is only meant to be a simplified description of the product features which apply to this plan and does not explain the whole contract. The contents of this product summary may be different from the terms of cover eventually issued. Please read the policy contract for the precise terms, conditions and exclusions. Only the terms, conditions and exclusions in the policy contract will be enforceable by the policyholder and Income Insurance.
[p.1]
---
# Version 1.25
## PRODUCT SUMMARY
### TermLife Solitaire (TBN4)
#### 1. Policy Description
TermLife Solitaire is a non-participating, regular premium term insurance protection plan that provides cover for a limited period. We will pay benefits if the insured becomes terminally ill or dies during the term of the policy. You cannot cash in this policy.
The following policy terms are available:
- 10, 15, 20, 25, 30, 35 or 40 years
- Up to age 64, 74, 84 or 100 (last birthday)
#### 2. Benefits
##### Terminal illness (TI) and death benefit
If the insured becomes terminally ill or dies during the term of the policy, we will pay the sum assured. The policy will end when we make this payment.
When we make an accelerated payment on a rider that is attached to this policy, we will reduce the sum assured of this policy and other accelerated riders attached to this policy by the same amount that we pay under that rider.
If there is an accelerated payment on this policy during the policy term, when it ends, we will renew this policy for the same policy term (based on section 4 below) at the reduced sum assured.
We will work out any future premiums or claims based on the reduced sum assured, as long as the sum assured does not reach zero. This policy will end when the sum assured reaches zero.
Please refer to the policy contract for the exact terms and definition of TI.
#### 3. Premiums
Premiums are payable throughout the premium term. You can choose to pay monthly, quarterly, half-yearly or yearly. Premium rates are guaranteed throughout the policy term and applicable to standard lives.
#### 4. Renewability
The policy term will give details of how long this policy applies for. If your policy has not ended as a result of a claim during its term, when it ends, we will renew it for the same policy term at its prevailing sum assured.
However, in any one of the situations shown below, the policy will only be renewed for a shorter term that is a multiple of five years, subject to a minimum term of 10 years. This means the renewal term will neither go beyond the original policy term, nor the anniversary immediately after the insured's 100th birthday.
- If the original policy term is not in multiple of five years.
- If the original policy term is in multiple of five years, but the anniversary immediately after the insured's 100th birthday falls within the next policy term.
We will continue to renew the policy in this way until the insured is 75 years or older at the time the policy is due for renewal. We will stop renewing the policy then.
We will work out the renewal premium based on the policy's renewal term, sum assured and the age of the insured at the time the policy is renewed.
#### 5. Riders
With additional premiums, 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.
#### 6. Surrender Value (Cash Value) and Policy Loan
There is no surrender or cash value available. As such, policy loan is not available under this policy.
#### 7. Exclusions
There are certain conditions under which no benefits will be payable under this policy as listed below. Please refer to the policy contract for the full details of the exclusions.
##### Death Benefit
This policy is not valid if the 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.
##### Terminal Illness (TI) Benefit
We will not pay this 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.
##### Other Conditions
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 the policy or rider.
#### 8. Free-Look
You will have 14 days from the date you receive the policy documents to be sure that you want to keep the policy. If we deliver the policy by email or any other electronic means to you, the 14 days will start 7 days after the date of the delivery. If we deliver the policy both by post and email or any other electronic means to you, the 14 days will start 7 days after the date of the delivery by post.
During this time, 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.
#### 9. Grace Period
There is a 30 days grace period to pay the premiums due on your policy. If any benefits are due to be paid during this period, the unpaid premiums will be deducted from the benefits.
#### 10. Lapse
If premiums are still not paid after the grace period, this policy and its riders (if any) will end.
#### 11. Reinstatement Period
If this policy and its riders (if any) end because you have not paid the premium, you can reinstate it 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 when you apply, then you need not give us satisfactory proof of the insured's good health.
#### 12. Claim
To make a claim for death benefit, we must be told within six months after the insured's death.
If this policy provides for accidental death or accidental total and permanent disability (TPD) benefit, we must be told within thirty days after the insured's death or TPD. If you tell us after the thirty days, we will not pay the claim for accidental death or accidental TPD benefit.
To make a claim for other benefits, we must be told within six months after the diagnosis or the event giving rise to the claim. If you tell us after the six months, we will not pay the claim for the other benefits.
When we pay a claim, we will not refund any premiums that have been paid.
Please refer to our webpage for the claim procedures: income.com.sg/claims.
#### 13. Termination
You may write in to terminate or surrender your policy any time. Please refer to our webpage for the termination or surrender procedures: income.com.sg/claims/life-and-health-insurance/surrender-of-policies.
If you terminate or surrender this policy and its riders (if any) before the next premium is due, we will end this policy and its rider (if any) from the next premium due date and we will not refund any unused premium.
#### 14. 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 Income Insurance Limited (Income Insurance) or visit the GIA/LIA or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).
### DISCLAIMER
This product summary does not form a part of the contract of insurance. It is only meant to be a simplified description of the product features which apply to this plan and does not explain the whole contract. The contents of this product summary may be different from the terms of cover eventually issued. Please read the policy contract for the precise terms, conditions and exclusions. Only the terms, conditions and exclusions in the policy contract will be enforceable by the policyholder and Income Insurance.
[p.2]
---
# Version 1.24
## PRODUCT SUMMARY
### DISABILITY ACCELERATOR (TCN2)
#### 1. Rider Description
Disability Accelerator is an accelerated rider attached to a basic policy. It is a non-participating, regular premium rider that provides insurance protection against total and permanent disability (TPD) for a limited period of time.
The term of rider will follow the basic policy term, subject to the maximum coverage of age 70 last birthday. The sum assured of this rider cannot exceed the sum assured of the basic policy.
#### 2. Benefits
##### Total and Permanent Disability (TPD) Benefit
Upon diagnosis of the insured with TPD (before the anniversary immediately after the insured reaches the age of 70) during the term of the rider, we will pay the sum assured.
The rider will end thereafter.
Any payment under this rider will form an accelerated payment and reduce the sum assured of its basic policy and other accelerated riders by the same amount that we pay under this rider.
The future premiums or claims will be worked out based on the reduced sum assured. The basic policy and the accelerated riders will end when the sum assured reached zero.
Please refer to the policy contract for the exact terms and definition of TPD.
#### 3. Premiums
Premiums are payable throughout the premium term. You can choose to pay monthly, quarterly, half-yearly or yearly. Premium rates are guaranteed throughout the policy term and applicable to standard lives.
#### 4. Renewability
Upon expiry of the policy term, if there is no claim on this rider during its term, this rider will be renewed for the same policy term and sum assured at renewal.
If there is an accelerated payment on other riders attached to the basic policy during the policy term, when the policy term of this rider ends, it will be renewed for the same policy term at the reduced sum assured.
However, this rider will not be renewed if the insured is age 65 last birthday and above at the time the rider is due for renewal. This rider also cannot be renewed beyond the anniversary immediately after the insured reaches the age of 70 last birthday, or beyond the basic policy term, whichever is earlier.
The renewal premium will be worked out based on the rider's policy term, sum assured and the age of the insured at the time the rider is renewed.
#### 5. Exclusions
There are certain conditions under which no benefits will be payable under this rider as listed below. Please refer to the policy contract for the full details of the exclusions.
Under the definition of total and permanent disability (TPD), if the insured is under 65 years old, he or she must be unable to carry out any occupation. The rider does not pay if the insured is merely unable to perform the same job as before, or is unable to perform a job to which his or her training, education or experience is suited for.
If the insured is 65 years old and above, but before the anniversary immediately after the insured reaches the age of 70, he or she must be suffering from a severe disability. Otherwise, the rider will not pay the benefit.
However, if there is total physical loss, before the anniversary immediately after the insured reaches the age of 70, the rider will pay the benefit.
The benefit is not payable if the 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.
The rider also does not pay this benefit unless the insured is certified by a registered medical practitioner to have been totally and permanently disabled for at least six months in a row.
If the insured is also covered for TPD under any policies which have been issued in the past (whether issued by us or by any other insurer), the total TPD benefit due under all these policies cannot be more than S$6.5 million (including premiums waived due to TPD but excluding bonuses). In this case we will first take into account the amounts due under the earlier policies, and then pay out only an amount to bring the total payments to S$6.5 million (including premiums waived due to TPD but excluding bonuses).
##### Other Conditions
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.
The renewal premium will be worked out based on the rider's policy term, sum assured and the age of the insured at the time the rider is renewed.
#### 6. Grace Period
There is a 30 days grace period to pay the premiums due on your rider. If any benefits are due to be paid during this period, the unpaid premiums will be deducted from the benefits.
#### 7. Lapse
If premiums are still not paid after the grace period, your rider will lapse.
#### 8. Reinstatement Period
If this rider ends because you have not paid the premium, you can reinstate it 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 rider. 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.
#### 9. Claim
To make a claim for death benefit, we must be told within six months after the insured's death.
If this policy provides for accidental death or accidental total and permanent (TPD) benefit, we must be told within thirty days after the insured's death or TPD. If you tell us after the thirty days, we will not pay the claim for accidental death or accidental TPD benefit.
To make a claim for other benefits, we must be told within six months after the diagnosis or the event giving rise to the claim. If you tell us after the six months, we will not pay the claim for the other benefits.
When we pay a claim, we will not refund any premiums that have been paid.
Please refer to our webpage for the claim procedures: income.com.sg/claims.
#### 10. Termination
This rider will end immediately when the basic policy ends or when the sum assured of this rider is fully paid.
You may write in to terminate or surrender your rider any time. Please refer to our webpage for the termination or surrender procedures: income.com.sg/claims/life-and-health-insurance/surrender-of-policies.
If you terminate or surrender your rider before the next premium is due, we will end your rider from the next premium due date and we will not refund any unused premium.
[p.5]
---
# Version 1.24
## PRODUCT SUMMARY
### DISABILITY ACCELERATOR (TCN2)
#### 6. Grace Period
There is a 30 days grace period to pay the premiums due on your rider. If any benefits are due to be paid during this period, the unpaid premiums will be deducted from the benefits.
#### 7. Lapse
If premiums are still not paid after the grace period, your rider will lapse.
#### 8. Reinstatement Period
If this rider ends because you have not paid the premium, you can reinstate it 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 rider. 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.
#### 9. Claim
To make a claim for death benefit, we must be told within six months after the insured's death.
If this policy provides for accidental death or accidental total and permanent (TPD) benefit, we must be told within thirty days after the insured's death or TPD. If you tell us after the thirty days, we will not pay the claim for accidental death or accidental TPD benefit.
To make a claim for other benefits, we must be told within six months after the diagnosis or the event giving rise to the claim. If you tell us after the six months, we will not pay the claim for the other benefits.
When we pay a claim, we will not refund any premiums that have been paid.
Please refer to our webpage for the claim procedures: income.com.sg/claims.
#### 10. Termination
This rider will end immediately when the basic policy ends or when the sum assured of this rider is fully paid.
You may write in to terminate or surrender your rider any time. Please refer to our webpage for the termination or surrender procedures: income.com.sg/claims/life-and-health-insurance/surrender-of-policies.
If you terminate or surrender your rider before the next premium is due, we will end your rider from the next premium due date and we will not refund any unused premium.
[p.6]
---
# Version 1.24
## DISCLAIMER
This product summary does not form a part of the contract of insurance. It is only meant to be a simplified description of the product features which apply to this plan and does not explain the whole contract. The contents of this product summary may be different from the terms of cover eventually issued. Please read the policy contract for the precise terms, conditions and exclusions. Only the terms, conditions and exclusions in the policy contract will be enforceable by the policyholder and Income Insurance Limited (Income Insurance).
[p.7]
---
# Version 1.24
## DISCLAIMER
This product summary does not form a part of the contract of insurance. It is only meant to be a simplified description of the product features which apply to this plan and does not explain the whole contract. The contents of this product summary may be different from the terms of cover eventually issued. Please read the policy contract for the precise terms, conditions and exclusions. Only the terms, conditions and exclusions in the policy contract will be enforceable by the policyholder and Income Insurance Limited (Income Insurance).
[p.8]
---
### https://lifeinsurance.com.sg/api/product/prudential/pruactive-life-v/summary.md
# PRUActive Life V
**Insurer:** Prudential Singapore (Prudential Assurance Company Singapore (Pte) Limited)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/199002477Z/PRUActive_Life_V_PS_Mar2026.pdf
## Source wording
- **Effective from:** 2026-03-01
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/199002477Z/PRUActive_Life_V_PS_Mar2026.pdf
- **PDF sha256:** `54cc2f8ea45c9b168d200391f8c95cad971273d17ed4ec7d2439f6edb05783cb`
- **Extraction confidence:** verified
## Extracted facts
### riders
```json
[
{
"name": "Crisis Care (PRUActive Life V)",
"rider_type": "critical-illness",
"description": "Critical illness cover that can be added to the PRUActive Life V policy. The sum assured of this benefit accelerates from the Death benefit. Referenced throughout the policy in the context of claims interaction with Death, Terminal Illness and Disability benefits.",
"source_page": 2,
"available_at_inception": true,
"available_after_inception": false
},
{
"name": "Early Crisis Care (PRUActive Life V)",
"rider_type": "early-critical-illness",
"description": "Early critical illness cover that can be added to the PRUActive Life V policy. Referenced in the context of claims interaction with Death and other accelerating benefits.",
"source_page": 2,
"available_at_inception": true,
"available_after_inception": false
},
{
"name": "Multiplier Benefit",
"rider_type": "other",
"description": "The Multiplier benefit is the guaranteed amount that we pay in the event of death, terminal illness, total and permanent disability, critical illness (if applicable) of the life assured until the selected Multiplier benefit age. The selected Multiplier benefit age can be 65, 70, 75 or 80 years. The Multiplier benefit factors that you can choose are 2, 3, 4 or 5 times of the sum assured. The Multiplier Benefit is written out of the non-participating fund and does not affect the experience of the participating fund. It also does not provide any surrender value.",
"source_page": 2,
"available_at_inception": true,
"available_after_inception": false
}
]
```
### free look
```json
{
"period_days": 14,
"source_page": 7,
"refund_basis": "We will add this extra sum assured the following month after the immediate family's PRUActive Life V policy has passed the 14-day free-look period."
}
```
### exclusions
```json
[
{
"text": "If the life assured dies from suicide within 12 months from the cover start date or date of reinstatement (if any) of your policy, we will void your policy. In this case, we cancel it and refund the total premiums received from you. We will first deduct any policy loans (including interest), automatic premium loans (including interest), surgical and nursing loans and all other amounts you owe us in connection with your policy and expenses (including administrative, sales-related and medical expenses) we have had to pay for your policy.",
"source_page": 3
},
{
"text": "If the life assured dies directly or indirectly from an activity under special exclusion or special terms and conditions shown in your certificate of life assurance, we do not pay the sum assured but we will either: refund the total premiums received from you less any policy loans (including interest), automatic premium loans (including interest), surgical and nursing loans and all other amounts you owe us in connection with your policy and expenses (including administrative, sales-related and medical expenses) we have had to pay for your policy; or pay you the surrender value (if any), whichever is higher.",
"source_page": 3
},
{
"text": "We do not pay the Multiplier benefit for accidental death on or after the selected Multiplier benefit age, if the accidental death of the life assured arises directly or indirectly out of one of the following: all claims related to accidents that took place before the cover start date of the policy or date of reinstatement (if any); war or warlike activities, invasion, acts of the foreign enemy, hostilities (whether declared or not), civil war, rebellion, revolution, insurrection, military or usurped powers; direct participation in strikes, riots or civil commotion; terrorism involving the use of nuclear, biological or chemical agents; illnesses or diseases of any kind, including but not limited to, fits, hernia, venereal disease, Acquired Immunodeficiency Syndrome (AIDS) or food poisoning; illnesses or diseases as a result of bite(s) inflicted by, and/or contact with, animal or insect, which animal or insect is infected by, or is a carrier of, such illnesses or diseases; physical or mental defect or infirmity existing at the cover start date or date of reinstatement (if any) of this benefit; accidents arising and due to pregnancy or confinement and related complications; under the influence, misuse or abuse of alcohol, drugs or illegal substance unless taken as prescribed by a registered medical practitioner; committing suicide or attempted suicide or intentional self-injury while sane or insane; unlawful acts, the hand of justice or wilful exposure to unnecessary danger except in the attempt to save a human life; any injury sustained while the life assured is committing or is attempting to commit an offence or is resisting arrest by a law enforcement officer; injuries as a result of committing, attempting or provoking an assault; state of unsound mind; taking part in a hazardous activity or sports unless such activities are carried out on a leisure basis under the supervision of a licensed organisation; taking part in professional or competitive sports where the life assured would or could earn income or remuneration from engaging in such sports; being in an aircraft of any type, or boarding or descending from any aircraft, except as a fare-paying passenger in an aircraft that is on a regular scheduled route operated by a commercial airline; radiation or contamination from radioactivity; racing of all kinds, other than foot or bicycle activities carried out on a leisure basis under the supervision of a licensed organisation; engaging in commando or bomb disposal duties/training, active military duties such as maintenance of civil order, engagement in hostilities, whether war is declared or not, and travel by military aircraft or waterborne vessel. This exclusion overrides all other terms and conditions relating to military services; or an activity under special exclusions and/or special terms and conditions shown on your certificate of life assurance.",
"source_page": 3
},
{
"text": "Terminal Illness in the presence of HIV infection is excluded.",
"source_page": 4
},
{
"text": "We do not pay the Accelerated Terminal Illness benefit if the life assured has already died at the time of the claim; if the symptoms of the terminal illness existed at the cover start date or date of reinstatement (if any) of this benefit; if the life assured is diagnosed as having a terminal illness caused by: self-inflicted injuries while sane or insane; AIDS, AIDS-related complex or infection by HIV except HIV due to blood transfusion and occupationally acquired HIV; using unprescribed drugs if the drugs are required by law to be prescribed by a registered medical practitioner; or an activity under the special exclusions and special terms and conditions shown in your certificate of life assurance.",
"source_page": 4
},
{
"text": "We do not pay the Accelerated Disability benefit if the disability claim was made when the life assured has already died at the time of the claim; happened and the life assured was under 28 days of age; existed at the cover start date or date of reinstatement (if any) of this benefit; or arises directly or indirectly out of: attempted suicide or self-inflicted injuries while sane or insane; travelling on a non-commercial airline except military aircraft; or an activity under special exclusions and special terms and conditions shown in your certificate of life assurance.",
"source_page": 6
},
{
"text": "There are certain conditions (such as death from suicide within 12 months from cover start date or date of reinstatement (if any), or death from an activity under special exclusions or special terms and conditions (if any)) under which no benefits will be payable.",
"source_page": 16
}
]
```
### mwpa trust
```json
{
"notes": "Not mentioned in the product summary.",
"available": false,
"source_page": 1
}
```
### cash values
```json
{
"has_cash_value": true,
"non_guaranteed_bonus": {
"text": "The bonuses are NOT guaranteed and will vary according to the future experience of the participating fund. There are two main types of bonuses: Reversionary Bonus and Performance Bonus. The reversionary bonus rate is illustrated to be $7.30 per $1,000 sum assured and $16.40 per $1,000 on accumulated Reversionary Bonuses. The Performance Bonus is a one-off bonus which is a percentage of the accumulated Reversionary Bonuses. It may be paid when the policyowner surrenders the policy or makes a claim for any of the basic benefits of the policy.",
"available": true,
"bonus_types": [
"reversionary",
"terminal"
],
"source_page": 11,
"par_fund_name": "Regular Premium Life Sub-fund"
},
"guaranteed_surrender_value": {
"basis": "The guaranteed surrender value plus non-guaranteed surrender value will be payable upon surrender after 36 months from the first premium due date and the premium had been paid for 36 months.",
"available": true,
"source_page": 10
}
}
```
### policy loan
```json
{
"available": true,
"source_page": 10,
"interest_basis": "non-guaranteed loan interest will be charged"
}
```
### grace period
```json
{
"days": 30,
"source_page": 16
}
```
### product type
```json
"whole-life"
```
### policy basics
```json
{
"minimum_sum_assured": {
"amount": 10000,
"currency": "SGD",
"source_page": 9
},
"maximum_coverage_age": "whole-of-life",
"minimum_policy_term_years": "whole-of-life — coverage for as long as the life assured lives"
}
```
### premium terms
```json
{
"cpf_eligible": {
"srs": false,
"notes": "This policy is not a Medisave-approved policy and you may not use Medisave to pay the premium for this policy.",
"source_page": 16,
"special_account": false,
"ordinary_account": false
},
"payment_modes": [
"annual",
"semi-annual",
"quarterly",
"monthly"
],
"premium_term_options": [
{
"label": "Flexible premium payment term",
"description": "Your PRUActive Life V policy is a whole of life participating insurance plan with a flexible premium payment term where you choose how long you want to pay your premiums. You would have selected your premium payment term when you applied for the policy.",
"source_page": 1
}
],
"premium_review_clause": {
"text": "The premium rate for the PRUActive Life V main policy is guaranteed.",
"reviewable": false,
"source_page": 16
}
}
```
### non forfeiture
```json
{
"paid_up": {
"text": "If the policy has a surrender value, the policyowner can apply to surrender part or all of the Reversionary Bonus that we have added to the policy for a cash value. Please do note that this will reduce the long-term value of the policy.",
"available": true
},
"source_page": 10,
"extended_term": {
"text": "Not mentioned in the product summary.",
"available": false
},
"automatic_premium_loan": {
"text": "Automatic Premium Loan, Policy Loan and Surgical & Nursing Loan are also available. Please note that taking these loans will reduce the long-term value of the policy. For automatic premium loan and policy loan, a non-guaranteed loan interest will be charged.",
"available": true
}
}
```
### suicide clause
```json
{
"source_page": 3,
"payout_within_period": "If the life assured dies from suicide within 12 months from the cover start date or date of reinstatement (if any) of your policy, we will void your policy. In this case, we cancel it and refund the total premiums received from you. We will first deduct any policy loans (including interest), automatic premium loans (including interest), surgical and nursing loans and all other amounts you owe us in connection with your policy and expenses (including administrative, sales-related and medical expenses) we have had to pay for your policy.",
"exclusion_period_months": 12
}
```
### document metadata
```json
{
"wording_version": "8th series",
"product_full_name": "PRUActive Life V",
"insurer_legal_entity": "Prudential Assurance Company Singapore (Pte) Limited",
"document_published_date": "2026 (series launched in 2026)"
}
```
### terminal illness benefit
```json
{
"available": true,
"source_page": 3,
"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. The specialist medical practitioner treating the condition must provide supporting evidence of the condition, possible medical treatment, the prognosis after undergoing the possible medical treatment, and certify that the Life Assured is expected to live for no more than 12 months despite all possible medical intervention. We reserve the right to appoint an independent medical specialist who is an expert in the condition to confirm the diagnosis and prognosis. Terminal Illness in the presence of 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.*
---
### https://lifeinsurance.com.sg/api/product/prudential/pruactive-life-v/wording.md
# PRODUCT SUMMARY: PRUActive Life V
[p.1]
This Product Summary and Policy Illustration are for illustrative purposes only and shall not constitute a contract. The following is a simplified description of the key product features. The exact terms can be found in the policy document.
"Your Guide to Participating Policies", which contains generic but important information on how a participating plan typically works and how bonuses are determined in general, is available on our website, www.prudential.com.sg. Alternatively, you may approach a representative of either Prudential Singapore or a distributor duly appointed by Prudential Singapore for a copy of the guide.
## Details of Plan Provider:
Prudential Assurance Company Singapore (Pte) Limited ("Prudential Singapore"), 30 Cecil Street, #30-01 Prudential Tower, Singapore 049712. Tel: 1800 - 333 0 333.
Prudential Singapore is responsible for the product features and contractual provisions and these will be explained to you by a representative of either Prudential Singapore or a distributor duly appointed by Prudential Singapore.
This policy and its Supplementary benefit(s) (if any) is/are protected under the Policy Owners' Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy and its Supplementary benefit(s) (if any) is/are 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 your insurer or visit the General Insurance Association (GIA)/Life Insurance Association (LIA) or SDIC websites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).
The Proposer acknowledges receipt of all the pages of the Product Summary for the Main plan and Supplementary benefits (where applicable). The contents have been explained to his/her satisfaction.
## Nature and Objective of the Plan:
Your PRUActive Life V policy is a whole of life participating insurance plan with a flexible premium payment term where you choose how long you want to pay your premiums. You would have selected your premium payment term when you applied for the policy. It provides financial protection against death, terminal Illness and disability for as long as the life assured lives. You can choose to add critical illness cover and a multiplier benefit that provides a higher payout.
The policy also allows you to participate in the performance of the participating fund in the form of bonuses that are not guaranteed.
PRUActive Life V is an 8th series product. The series defines the premium rates and bonus features of the product.
# Benefits under the Plan:
[p.2]
## Multiplier Benefit
You can choose to add the Multiplier benefit to your policy, at the start of your policy. The Multiplier benefit is the guaranteed amount that we pay in the event of death, terminal illness, total and permanent disability, critical illness (if applicable) of the life assured until the selected Multiplier benefit age.
The selected Multiplier benefit age and Multiplier benefit factor that you choose, will apply to the death, terminal illness, disability and critical illness (if applicable) benefits.
The selected Multiplier benefit age that you can choose are 65, 70, 75 or 80 years.
The Multiplier benefit factors that you can choose are 2, 3, 4 or 5 times of the sum assured.
Before the life assured reaches the selected Multiplier benefit age, we calculate the Multiplier benefit by multiplying the sum assured by the Multiplier benefit factor.
When the life assured reaches the selected Multiplier benefit age,
- the Multiplier benefit for non-accidental death, terminal illness, total and permanent disability and critical illness (if applicable) will end;
- the Multiplier benefit for death due to accidental causes will reduce by 10% each year for the next five policy years. After that, the Multiplier benefit for accidental death will remain at 50% of its Multiplier benefit for as long as the policy remains effective. Refer to the Multiplier benefit table below.
| Life assured's attained age | Selected Multiplier Benefit Age | % of the Multiplier benefit for Death due to Accidental causes |
|---|---|---|
| | 65 | 70 | 75 | 80 | |
| Before age | 65 | 70 | 75 | 80 | 100% |
| Starting from age | 65 | 70 | 75 | 80 | 90% |
| | 66 | 71 | 76 | 81 | 80% |
| | 67 | 72 | 77 | 82 | 70% |
| | 68 | 73 | 78 | 83 | 60% |
| Starting from age (as long as the policy is effective) | 69 | 74 | 79 | 84 | 50% |
The Multiplier Benefit is written out of the non-participating fund and does not affect the experience of the participating fund. It also does not provide any surrender value.
## Death Benefit
### What do we pay for Death Benefit?
#### If the Multiplier benefit was not added
If the life assured dies, we will pay the sum assured for death shown in your certificate of life assurance plus all the bonuses^ that we have added to your policy, less any amounts you owe us.
#### If the Multiplier benefit was added
If the life assured dies,
a) Before the selected Multiplier benefit age, we will pay the higher of:
- the sum assured for death shown in your certificate of life assurance plus all the bonuses^ that we have added to your policy; or
- the Multiplier benefit for death shown in your certificate of life assurance*,
less any amounts you owe us.
b) On or after the selected Multiplier benefit age, we pay different death benefits when the life assured dies from an accident or from other causes.
| When death is caused by an accident | We will pay the higher of: - the sum assured for death shown in your certificate of life assurance plus all the bonuses^ that we have added to your policy; or - the applicable Multiplier benefit for accidental death**, less any amounts you owe us. The accidental death must happen within 90 days of the accident, otherwise, we will pay the sum assured for death shown in your certificate of life assurance plus all the bonuses^ that we have added to your policy less any amounts you owe us. |
|---|---|
| When death is due to nonaccidental causes | We will pay the sum assured for death shown in your certificate of life assurance plus all the bonuses^ that we have added to your policy, less any amounts you owe us. |
[p.3]
* The Multiplier benefit for death is calculated by multiplying the sum assured for death shown in your certificate of life assurance by the Multiplier benefit factor.
** The Multiplier benefit for accidental death is calculated by multiplying the sum assured for death shown in the certificate of life assurance by the Multiplier benefit factor. Starting from the selected Multiplier benefit age, the Multiplier benefit for death due to Accidental causes will reduce by 10% each year for the next five years and will remain at 50% of its Multiplier benefit for as long as the policy is in force.
^ The bonuses stated above are NOT guaranteed.
"Accident" is an unexpected and involuntary event, which directly causes death or injury by violent, external and visible means, and is not linked to any other cause (such as illness or disease of the life assured). "Accidental Death" is a death resulting from an Accident.
If you have already made a claim on the Accelerated Terminal Illness, Accelerated Disability, Crisis Care (PRUActive Life V) or Early Crisis Care (PRUActive Life V) benefit and its sum assured is lower than the sum assured of the Death benefit, then the sum assured of the Death benefit will be reduced by the sum assured of the Accelerated Terminal Illness, Accelerated Disability, Crisis Care (PRUActive Life V) or Early Crisis Care (PRUActive Life V) benefit already paid out.
### What is not covered under Death Benefit?
If the life assured dies from suicide within 12 months from the cover start date or date of reinstatement (if any) of your policy, we will void your policy. In this case, we cancel it and refund the total premiums received from you. We will first deduct any policy loans (including interest), automatic premium loans (including interest), surgical and nursing loans and all other amounts you owe us in connection with your policy and expenses (including administrative, sales-related and medical expenses) we have had to pay for your policy.
If the life assured dies directly or indirectly from an activity under special exclusion or special terms and conditions shown in your certificate of life assurance, we do not pay the sum assured but we will either:
- refund the total premiums received from you less any policy loans (including interest), automatic premium loans (including interest), surgical and nursing loans and all other amounts you owe us in connection with your policy and expenses (including administrative, sales-related and medical expenses) we have had to pay for your policy; or
- pay you the surrender value (if any),
whichever is higher.
If you have reduced your sum assured, we will decide on the total premiums paid based on the revised premium set out in your new certificate of life assurance. We will work this out as if you have been paying this revised premium amount from the start of your policy.
We do not pay the Multiplier benefit for accidental death on or after the selected Multiplier benefit age, if the accidental death of the life assured arises directly or indirectly out of one of the following:
- all claims related to accidents that took place before the cover start date of the policy or date of reinstatement (if any);
- war or warlike activities, invasion, acts of the foreign enemy, hostilities (whether declared or not), civil war, rebellion, revolution, insurrection, military or usurped powers;
- direct participation in strikes, riots or civil commotion;
- terrorism involving the use of nuclear, biological or chemical agents;
- illnesses or diseases of any kind, including but not limited to, fits, hernia, venereal disease, Acquired Immunodeficiency Syndrome (AIDS) or food poisoning;
- illnesses or diseases as a result of bite(s) inflicted by, and/or contact with, animal or insect, which animal or insect is infected by, or is a carrier of, such illnesses or diseases;
- physical or mental defect or infirmity existing at the cover start date or date of reinstatement (if any) of this benefit;
- accidents arising and due to pregnancy or confinement and related complications;
- under the influence, misuse or abuse of alcohol, drugs or illegal substance unless taken as prescribed by a registered medical practitioner;
- committing suicide or attempted suicide or intentional self-injury while sane or insane;
- unlawful acts, the hand of justice or wilful exposure to unnecessary danger except in the attempt to save a human life;
- any injury sustained while the life assured is committing or is attempting to commit an offence or is resisting arrest by a law enforcement officer;
- injuries as a result of committing, attempting or provoking an assault;
- state of unsound mind;
- taking part in a hazardous activity or sports unless such activities are carried out on a leisure basis under the supervision of a licensed organisation;
- taking part in professional or competitive sports where the life assured would or could earn income or remuneration from engaging in such sports;
- being in an aircraft of any type, or boarding or descending from any aircraft, except as a fare-paying passenger in an aircraft that is on a regular scheduled route operated by a commercial airline;
- radiation or contamination from radioactivity;
- racing of all kinds, other than foot or bicycle activities carried out on a leisure basis under the supervision of a licensed organisation;
- engaging in commando or bomb disposal duties/training, active military duties such as maintenance of civil order, engagement in hostilities, whether war is declared or not, and travel by military aircraft or waterborne vessel. This exclusion overrides all other terms and conditions relating to military services; or
- an activity under special exclusions and/or special terms and conditions shown on your certificate of life assurance.
### What happens after a claim?
Your whole policy automatically ends once a claim for this benefit is paid.
## Accelerated Terminal Illness Benefit
### What do we pay for Accelerated Terminal Illness Benefit?
#### If the Multiplier benefit was not added
If the life assured is diagnosed as having a Terminal Illness, we will pay the sum assured for Terminal Illness shown in your certificate of life assurance plus all the bonuses^ that we have added to your policy, less any amounts you owe us.
#### If the Multiplier benefit was added
If the life assured is diagnosed as having a Terminal Illness before the selected Multiplier benefit age, we will pay the higher of:
- the sum assured for Terminal Illness shown in your certificate of life assurance plus all the bonuses^ that we have added to your policy; or
- the Multiplier benefit for Terminal Illness shown in your certificate of life assurance*,
less any amounts you owe us.
If the life assured is diagnosed as having a Terminal Illness on or after the selected Multiplier benefit age, we pay the sum assured for Terminal Illness shown in your certificate of life assurance plus all the bonuses^ that we have added to your policy, less any amounts you owe us.
^ The bonuses stated above are NOT guaranteed. If the sum assured of the Accelerated Terminal Illness benefit is lower than the sum assured of the Death benefit, then the bonuses will be pro-rated to the sum assured of the Accelerated Terminal Illness benefit.
* The Multiplier benefit for Accelerated Terminal Illness is calculated by multiplying the sum assured for Accelerated Terminal Illness shown in your certificate of life assurance by the Multiplier benefit factor.
"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.
The specialist medical practitioner treating the condition must provide supporting evidence of the condition, possible medical treatment, the prognosis after undergoing the possible medical treatment, and certify that the Life Assured is expected to live for no more than 12 months despite all possible medical intervention. We reserve the right to appoint an independent medical specialist who is an expert in the condition to confirm the diagnosis and prognosis.
[p.4]
Terminal Illness in the presence of HIV infection is excluded.
### What is not covered under Accelerated Terminal Illness Benefit?
We do not pay in any of the following circumstances:
- If the life assured has already died at the time of the claim. We will pay the Death benefit instead;
- If the symptoms of the terminal illness existed at the cover start date or date of reinstatement (if any) of this benefit;
- If the life assured is diagnosed as having a terminal illness caused by:
- self-inflicted injuries while sane or insane;
- AIDS, AIDS-related complex or infection by HIV except HIV due to blood transfusion and occupationally acquired HIV;
- using unprescribed drugs if the drugs are required by law to be prescribed by a registered medical practitioner; or
- an activity under the special exclusions and special terms and conditions shown in your certificate of life assurance.
### What happens after a claim?
Once we pay an Accelerated Terminal Illness claim, the Accelerated Terminal Illness benefit ends. In addition:
a) If the sum assured of the Death benefit is the same as the sum assured of the Accelerated Terminal Illness benefit, the policy and all its benefits including the Accelerated Disability and Crisis Care (PRUActive Life V) (if added to the plan) benefits will end.
b) If the sum assured of the Death benefit is more than the sum assured of the Accelerated Terminal Illness benefit, we will reduce the sum assured of the Death benefit to an amount equal to the difference between the sum assured of the Death benefit and the sum assured of the Accelerated Terminal Illness benefit. You can continue the policy for this Death benefit and any other supplementary benefits (except those which ends under c, d, e and f of this section) by paying the necessary premiums.
c) If the sum assured of the Accelerated Disability benefit is more than the sum assured of the Accelerated Terminal Illness benefit, we will reduce the sum assured of the Accelerated Disability benefit to an amount equal to the difference between the sum assured of the Accelerated Disability benefit and the sum assured of the Accelerated Terminal Illness benefit. This applies as long as you continue to pay the necessary premiums for both the Death and Accelerated Disability benefits.
d) If the sum assured of the Accelerated Disability benefit is less than or equal to the sum assured of the Accelerated Terminal Illness benefit, we will end the Accelerated Disability benefit. In this case, we will not pay the Accelerated Disability benefit once we have paid the Accelerated Terminal Illness benefit.
e) If the sum assured of the Crisis Care (PRUActive Life V) benefit (if added to the plan) is more than the sum assured of the Accelerated Terminal Illness benefit, we will reduce the sum assured of the Crisis Care (PRUActive Life V) benefit to an amount equal to the difference between the sum assured of the Crisis Care (PRUActive Life V) benefit and the sum assured of the Accelerated Terminal Illness benefit. This applies as long as you continue to pay the premiums for both the Death and Crisis Care (PRUActive Life V) benefits.
f) If the sum assured of the Crisis Care (PRUActive Life V) benefit (if added to the plan) is less than or equal to the sum assured of the Accelerated Terminal Illness benefit, the Crisis Care (PRUActive Life V) benefit will end. In this case, we will not pay for the Crisis Care (PRUActive Life V) benefit once we have paid the Accelerated Terminal Illness benefit.
## Accelerated Disability Benefit
### What do we pay for Accelerated Disability Benefit?
#### If the Multiplier benefit was not added
If the life assured is shown in your certificate of life assurance to be covered for this benefit and becomes totally and permanently disabled, we will pay the Accelerated Disability benefit as shown in the table.
| Age+ at date of Disability | We pay |
|---|---|
| Below one year | 20% of the sum assured for Accelerated Disability in a lump sum, less any amounts you owe us and the policy ends. |
| From one year old and above | The sum assured for Accelerated Disability shown in your certificate of life assurance plus all the bonuses^ that we have added to your policy, less any amounts you owe us. |
#### If the Multiplier benefit was added
If the life assured is shown in your certificate of life assurance to be covered for this benefit and becomes totally and permanently disabled, we pay the Accelerated Disability benefit as shown in the table.
| Age+ at date of Disability | We pay |
|---|---|
| Below one year | 20% of the Multiplier benefit for Accelerated Disability* in a lump sum, less any amounts you owe us and the policy ends. |
| From one year old and above | Before the selected Multiplier benefit age: The higher of: - the sum assured for Accelerated Disability shown in your certificate of life assurance plus all the bonuses^ that we have added to your policy; or - the Multiplier benefit for Accelerated Disability shown in your certificate of life assurance*, less any amounts you owe us. On or after the selected Multiplier benefit age: The sum assured for Accelerated Disability shown in your certificate of life assurance plus all the bonuses^ that we have added to your policy, less any amounts you owe us. |
[p.5]
+ age at their last birthday
^ The bonuses stated above are not guaranteed. If the sum assured of the Accelerated Disability benefit is lower than the sum assured of the Death benefit, the bonuses will be pro-rated to the sum assured of the Accelerated Disability benefit.
* The Multiplier benefit for Accelerated Disability is calculated by multiplying the sum assured for Accelerated Disability shown in the certificate of life assurance by the multiplier benefit factor.
We will pay this benefit six months after the confirmed onset of total and permanent disability (the Deferment Period) by a registered medical practitioner.
The Deferment Period does not apply if the life assured suffers total and permanent loss of use of:
- both eyes;
- any two limbs, each above the wrist or ankle but not just the hands and feet; or
- one eye and any one limb at or above the wrist or ankle but not just the hand or foot.
We will pay the Accelerated Disability benefit up to $2,000,000. If your Accelerated Disability benefit is above $2,000,000, we pay the balance sum assured (in other words, any amount that is above $2,000,000) in a lump sum:
- 12 months from the date of the first lump sum payment; or
- when the life assured dies,
whichever event happens first.
If the life assured stops being totally and permanently disabled before the balance sum assured is due for payment, we stop payment immediately. In this case, you can still continue your policy for the Death and Terminal Illness benefits by paying the necessary premiums. The sum assured will be equal to the balance sum assured (in other words, any amount that is above $2,000,000).
### Total and Permanent Disability Definitions
We pay the benefit in the following circumstances if the life assured becomes totally and permanently disabled.
| Age of Life Assured | Total and Permanent Disability Definitions |
|---|---|
| From 28 days onwards for as long as the policy is effective | The life assured is totally and permanently disabled when they suffer total and permanent loss of use of: - both eyes; or - any two limbs each above the wrist or ankle but not just the hands and feet; or - one eye and any one limb at or above the wrist or ankle but not just the hand or foot. |
| From one year old and above | The sum assured for Accelerated Disability shown in your certificate of life assurance plus all the bonuses^ that we have added to your policy, less any amounts you owe us. |
#### If the Multiplier benefit was added
If the life assured is shown in your certificate of life assurance to be covered for this benefit and becomes totally and permanently disabled, we pay the Accelerated Disability benefit as shown in the table.
| Age* at date of Disability | We pay |
|---|---|
| Below one year | 20% of the Multiplier benefit for Accelerated Disability* in a lump sum, less any amounts you owe us and the policy ends. |
| From one year old and above | Before the selected Multiplier benefit age: The higher of: - the sum assured for Accelerated Disability shown in your certificate of life assurance plus all the bonuses^ that we have added to your policy; or - the Multiplier benefit for Accelerated Disability shown in your certificate of life assurance*, less any amounts you owe us. On or after the selected Multiplier benefit age: The sum assured for Accelerated Disability shown in your certificate of life assurance plus all the bonuses^ that we have added to your policy, less any amounts you owe us. |
* age at their last birthday
^ The bonuses stated above are not guaranteed. If the sum assured of the Accelerated Disability benefit is lower than the sum assured of the Death benefit, the bonuses will be pro-rated to the sum assured of the Accelerated Disability benefit.
* The Multiplier benefit for Accelerated Disability is calculated by multiplying the sum assured for Accelerated Disability shown in the certificate of life assurance by the multiplier benefit factor.
We will pay this benefit six months after the confirmed onset of total and permanent disability (the Deferment Period) by a registered medical practitioner.
The Deferment Period does not apply if the life assured suffers total and permanent loss of use of:
- both eyes;
- any two limbs, each above the wrist or ankle but not just the hands and feet; or
- one eye and any one limb at or above the wrist or ankle but not just the hand or foot.
We will pay the Accelerated Disability benefit up to $2,000,000. If your Accelerated Disability benefit is above $2,000,000, we pay the balance sum assured (in other words, any amount that is above $2,000,000) in a lump sum:
- 12 months from the date of the first lump sum payment; or
- when the life assured dies,
whichever event happens first.
If the life assured stops being totally and permanently disabled before the balance sum assured is due for payment, we stop payment immediately. In this case, you can still continue your policy for the Death and Terminal Illness benefits by paying the necessary premiums. The sum assured will be equal to the balance sum assured (in other words, any amount that is above $2,000,000).
### Total and Permanent Disability Definitions
We pay the benefit in the following circumstances if the life assured becomes totally and permanently disabled.
| Age of Life Assured | Total and Permanent Disability Definitions |
|---|---|
| From 28 days onwards for as long as the policy is effective | The life assured is totally and permanently disabled when they suffer total and permanent loss of use of: - both eyes; or - any two limbs each above the wrist or ankle but not just the hands and feet; or - one eye and any one limb at or above the wrist or ankle but not just the hand or foot. |
| From 28 days to 15 years old | The life assured is totally and permanently disabled when they have to stay in a home, hospital or other institution and need constant care and medical attention for at least six months in a row. |
| From 16 to 65 years old | The life assured is totally and permanently disabled when they cannot take part in any occupation, business or activity which pays an income. |
| From 66 years to 70 years old | The life assured is totally and permanently disabled when they are unable to perform (whether with help or without help) at least three of the following six Activities of Daily Living for at least six months in a row. Activities of Daily Living: - Washing - the ability to wash in the bath or shower (including getting into and out of the bath or shower) or wash satisfactorily by other means; - Dressing - the ability to put on, take off, secure and unfasten all garments and, as appropriate, any braces, artificial limbs or other surgical appliances; - Feeding - the ability to feed oneself once food has been prepared and made available; - Toileting - the ability to use the lavatory or otherwise manage bowel and bladder functions so as to maintain a satisfactory level of personal hygiene; - Mobility - the ability to move indoors from room to room on level surfaces; - Transferring - the ability to move from a bed to an upright chair or wheelchair and vice versa. |
The disability must be confirmed by a registered medical practitioner.
We can ask for a medical examination to be carried out by a medical practitioner registered with the Singapore Medical Council if we decide the medical reports you give us are not enough for our purposes.
[p.6]
### What is not covered under Accelerated Disability Benefit?
We do not pay if the disability:
- claim was made when the life assured has already died at the time of the claim. We will pay the Death benefit instead;
- happened and the life assured was under 28 days of age;
- existed at the cover start date or date of reinstatement (if any) of this benefit; or
- arises directly or indirectly out of:
- attempted suicide or self-inflicted injuries while sane or insane;
- travelling on a non-commercial airline except military aircraft; or
- an activity under special exclusions and special terms and conditions shown in your certificate of life assurance.
### What happens after a claim?
Once we pay an Accelerated Disability claim, the Accelerated Disability benefit ends. In addition:
a) If the sum assured of the Death benefit is the same as the sum assured of the Accelerated Disability benefit, the policy and all its benefits, including the Accelerated Terminal Illness and Crisis Care (PRUActive Life V) (if added to the plan) benefits, will end.
b) If the sum assured of the Death benefit is more than the sum assured of the Accelerated Disability benefit, we will reduce the sum assured of the Death benefit to an amount equal to the difference between the sum assured of the Death benefit and the sum assured of the Accelerated Disability benefit. You can continue the policy for this Death benefit and any other supplementary benefits (except those that have ended under c, d, e and f of this section) by paying the necessary premiums.
c) If the sum assured of the Accelerated Terminal Illness benefit is more than the sum assured of the Accelerated Disability benefit, we will reduce the sum assured of the Accelerated Terminal Illness benefit to an amount equal to the difference between the sum assured of the Accelerated Terminal Illness benefit and the sum assured of the Accelerated Disability benefit. This applies as long as you continue to pay the necessary premiums for both the Death and Accelerated Terminal Illness benefits.
d) If the sum assured of the Accelerated Terminal Illness benefit is less than or equal to the sum assured of the Accelerated Disability benefit, the Accelerated Terminal Illness benefit will end. In this case, we will not pay for the Accelerated Terminal Illness benefit once we have paid the Accelerated Disability benefit.
e) If the sum assured of the Crisis Care (PRUActive Life V) benefit (if added to the plan) is more than the sum assured of the Accelerated Disability benefit, we will reduce the sum assured of the Crisis Care (PRUActive Life V) benefit to an amount equal to the difference between the sum assured of the Crisis Care (PRUActive Life V) benefit and the sum assured of the Accelerated Disability benefit. This applies as long as you continue to pay the premiums for both the Death and Crisis Care (PRUActive Life V) benefits.
f) If the sum assured of the Crisis Care (PRUActive Life V) benefit (if added to the plan) is less than or equal to the sum assured of the Accelerated Disability benefit, the Crisis Care (PRUActive Life V) benefit will end. In this case, we will not pay for the Crisis Care (PRUActive Life V) benefit if we have paid the Accelerated Disability benefit.
[p.7]
## Buy Another Policy Benefit
If the life assured is at a certain life event, and the policy was bought on standard terms (in other words, you were not given our offer of conditional acceptance where the life assured was offered special terms and conditions for accepting the proposal for life assurance), you have the option to buy another whole life, endowment or term policy on the life of the life assured, without evidence of good health.
You can do this at the life assured's following life events:
- gets married;
- becomes a parent;
- adopts a child through legal means;
- suffers the death of a husband or wife;
- divorces;
- the life assured's child getting married;
- the life assured's child starting primary school; or
- the life assured's child starting secondary school.
This option can be exercised twice in the lifetime of the life assured, meaning on two separate life events.
The type of policy that you can buy depends on the available products at the time of the life events. We can change the types of policy the life assured can buy at the time of the life events.
The death and accelerated terminal illness benefits (if offered under the new policy) will be available under the new policy.
You can choose to include the disability and/or critical illness benefits to the new policy as long as your PRUActive Life V policy also has this benefit.
The new policy must:
- be bought within three months from the date of the relevant life event;
- meet any stated minimum entry requirements of the policy;
- have a term that is equal to or less than the remaining term of your original policy; and
- have a sum assured that is not more than:
- $150,000; or
- 25% of the Multiplier benefit
whichever is lower. This sum assured limit applies to each life event, no matter how many policies with this benefit that you may have.
You can only do this if:
- the life assured is under 50 years of age;
- you have paid all the premiums due under your policy; and
- the life assured has not made a disability, critical illness (including the pre-critical medical conditions and Special benefit) or terminal illness claim on any policy with us.
You must pay the increased premium based on the age of the life assured at the time you buy the new policy.
To apply, you must use our appropriate application form and meet the conditions on it. We will let you know if we accept your application.
## Kinship Booster Benefit
The life assured gets to enjoy a Kinship Booster benefit on their own PRUActive Life V policy when an immediate family member buys a PRUActive Life V policy.
This Kinship Booster benefit will add an extra 10% of the sum assured to the death and terminal illness benefits of the life assured's own policy only, up to a maximum of $100,000, as long as the following conditions are met:
- the life assured must be below 55 years old when the immediate family bought the policy,
- the life assured's PRUActive Life V policy was bought on standard terms (in other words, the life assured was not given our offer of conditional acceptance where the life assured was offered special terms and conditions for accepting the proposal for life assurance),
- all the premiums due under the policy have been paid,
- the life assured has not made any claim on the PRUActive Life V policy,
- proof of the immediate family relationship must be shown.
Immediate family members include the life assured's parents, siblings, husband or wife and children by birth or adoption.
The Kinship Booster benefit does not:
- apply to the Multiplier benefit;
- have any surrender value; and
- have any bonuses.
Each PRUActive Life V policy will enjoy one Kinship Booster benefit only.
We will add this extra sum assured the following month after the immediate family's PRUActive Life V policy has passed the 14-day free-look period.
We do not pay this extra sum assured for any claims under the disability, Crisis Care (PRUActive Life V) and Early Crisis Care (PRUActive Life V) benefits.
To apply, you must use our appropriate application form and meet the conditions on it. We will let you know if we accept your application.
## Premium Defer Benefit
The Premium Defer benefit allows you to postpone paying premiums for two years or the remaining premium term, whichever is shorter. This benefit is only available when your policy has acquired a surrender value that is equal to at least two years' of premiums paid.
We will provide you with an interest-free policy loan that will pay your premiums for two years or the remaining premium term, whichever is shorter. This will mean that your surrender value will not be affected although you have not been paying your premiums. However, if we make any payment to you under your policy during this premium deferment period, we will first deduct any interest-free policy loan amounts granted to you under this Premium Defer benefit.
After the premium deferment period, you will have to pay back this interest-free loan amount. If the loan is not paid back at the end of the premium deferment period, interest will be charged.
We charge a yearly interest rate on the loan amount starting from the end of the premium deferment period. This interest rate may change and accrues on a daily basis. On each policy anniversary of your policy, we add the previous year's interest to the loan amount and charge interest on the total until the loan is repaid.
We can change the interest rate but will give you three months' written notice if we do so.
The loan amount and interest will be amounts you owe us. You can repay the loan at any time. We deduct the loan amount and interest from any payment we make under your policy.
If the total amount you owe us under your policy is more than the surrender value, your policy will end immediately.
If you already have a policy loan or automatic premium loan under your policy, that will continue to incur interest and will affect the surrender value.
[p.8]
## Kinship Booster Benefit
The life assured gets to enjoy a Kinship Booster benefit on their own PRUActive Life V policy when an immediate family member buys a PRUActive Life V policy.
This Kinship Booster benefit will add an extra 10% of the sum assured to the death and terminal illness benefits of the life assured's own policy only, up to a maximum of $100,000, as long as the following conditions are met:
- the life assured must be below 55 years old when the immediate family bought the policy,
- the life assured's PRUActive Life V policy was bought on standard terms (in other words, the life assured was not given our offer of conditional acceptance where the life assured was offered special terms and conditions for accepting the proposal for life assurance),
- all the premiums due under the policy have been paid,
- the life assured has not made any claim on the PRUActive Life V policy,
- proof of the immediate family relationship must be shown.
Immediate family members include the life assured's parents, siblings, husband or wife and children by birth or adoption.
The Kinship Booster benefit does not:
- apply to the Multiplier benefit;
- have any surrender value; and
- have any bonuses.
Each PRUActive Life V policy will enjoy one Kinship Booster benefit only.
We will add this extra sum assured the following month after the immediate family's PRUActive Life V policy has passed the 14-day free-look period.
We do not pay this extra sum assured for any claims under the disability, Crisis Care (PRUActive Life V) and Early Crisis Care (PRUActive Life V) benefits.
To apply, you must use our appropriate application form and meet the conditions on it. We will let you know if we accept your application.
## Premium Defer Benefit
The Premium Defer benefit allows you to postpone paying premiums for two years or the remaining premium term, whichever is shorter. This benefit is only available when your policy has acquired a surrender value that is equal to at least two years' of premiums paid.
We will provide you with an interest-free policy loan that will pay your premiums for two years or the remaining premium term, whichever is shorter. This will mean that your surrender value will not be affected although you have not been paying your premiums. However, if we make any payment to you under your policy during this premium deferment period, we will first deduct any interest-free policy loan amounts granted to you under this Premium Defer benefit.
After the premium deferment period, you will have to pay back this interest-free loan amount. If the loan is not paid back at the end of the premium deferment period, interest will be charged.
We charge a yearly interest rate on the loan amount starting from the end of the premium deferment period. This interest rate may change and accrues on a daily basis. On each policy anniversary of your policy, we add the previous year's interest to the loan amount and charge interest on the total until the loan is repaid.
We can change the interest rate but will give you three months' written notice if we do so.
The loan amount and interest will be amounts you owe us. You can repay the loan at any time. We deduct the loan amount and interest from any payment we make under your policy.
If the total amount you owe us under your policy is more than the surrender value, your policy will end immediately.
If you already have a policy loan or automatic premium loan under your policy, that will continue to incur interest and will affect the surrender value.
You can only use this benefit only once for each PRUActive Life V policy.
To apply, you must use our appropriate application form and meet the conditions on it. We will let you know if we accept your application.
## Family Waiver Benefit
Under the Family Waiver benefit, when an immediate family of the life assured dies, we waive the premiums of your PRUActive Life V policy and its supplementary benefits, for a period of up to one year.
The immediate family of the life assured includes the spouse or legal children. Legal children refer to the biological, stepchildren or adopted children of the life assured, including any future child or children that the life assured may have after the cover start date of the policy. This will not include any unborn children.
This benefit will only be activated on a claim with the life assured showing proof of the immediate family relationship.
We will waive 12 months of premiums from the next premium due date following the date of death of the immediate family of the life assured and if the claim is approved. If the end of the premium payment term is less than 12 months from the date of death of the life assured's immediate family, we will waive the premiums from the next premium due date up to the end of the premium term only.
We will not refund any premiums which were due and paid before the premium waiver start date.
You can claim this benefit only once for each PRUActive Life V policy.
We can review the supplementary benefits allowed under this benefit.
If your PRUActive Life V policy is part of the PRUFirst Promise plan, this benefit will apply to the mother when she is the life assured. When the policy is under the child's life, then this benefit will apply to the child, provided there was no claim previously.
If the benefit was activated and premiums are being waived, they will continue to be waived for a period of up to one year even if during that waiver period, the policy is transferred to the child. As the benefit was claimed under the mother and can only be claimed once, it will end and not be available under the child in the future.
To apply, you must use our appropriate application form and meet the conditions on it. We will let you know if we accept your application.
## Income Payout Option
The income payout option allows you to receive yearly payouts from the surrender value of the policy over a period of 10 years. As such, this option is like partial surrender. Please note that once you begin receiving the yearly payouts, the sum assured and the long-term value of your policy will be reduced. You can find more details below.
The earliest the yearly payout can begin is the policy anniversary just before the life assured turns age 60 and provided it is after the end of the premium payment term and all premiums have been fully paid.
You can exercise this option as long as you meet the following conditions:
- you must apply to exercise this option 30 days before the policy anniversary that you want to start receiving the yearly payout;
- the minimum yearly payout amount is $500 and the policy must still meet the minimum sum assured of $10,000 after the end of the payout period;
- there are no policy loans of any kind or any amounts owing to us under the policy;
- the policy must not have been converted to a paid-up policy; and
- you can only exercise this option once per policy.
[p.9]
The yearly payout will be decided based on the following:
You can only use this benefit only once for each PRUActive Life V policy.
To apply, you must use our appropriate application form and meet the conditions on it. We will let you know if we accept your application.
## Family Waiver Benefit
Under the Family Waiver benefit, when an immediate family of the life assured dies, we waive the premiums of your PRUActive Life V policy and its supplementary benefits, for a period of up to one year.
The immediate family of the life assured includes the spouse or legal children. Legal children refer to the biological, stepchildren or adopted children of the life assured, including any future child or children that the life assured may have after the cover start date of the policy. This will not include any unborn children.
This benefit will only be activated on a claim with the life assured showing proof of the immediate family relationship.
We will waive 12 months of premiums from the next premium due date following the date of death of the immediate family of the life assured and if the claim is approved. If the end of the premium payment term is less than 12 months from the date of death of the life assured's immediate family, we will waive the premiums from the next premium due date up to the end of the premium term only.
We will not refund any premiums which were due and paid before the premium waiver start date.
You can claim this benefit only once for each PRUActive Life V policy.
We can review the supplementary benefits allowed under this benefit.
If your PRUActive Life V policy is part of the PRUFirst Promise plan, this benefit will apply to the mother when she is the life assured. When the policy is under the child's life, then this benefit will apply to the child, provided there was no claim previously.
If the benefit was activated and premiums are being waived, they will continue to be waived for a period of up to one year even if during that waiver period, the policy is transferred to the child. As the benefit was claimed under the mother and can only be claimed once, it will end and not be available under the child in the future.
To apply, you must use our appropriate application form and meet the conditions on it. We will let you know if we accept your application.
## Income Payout Option
The income payout option allows you to receive yearly payouts from the surrender value of the policy over a period of 10 years. As such, this option is like partial surrender. Please note that once you begin receiving the yearly payouts, the sum assured and the long-term value of your policy will be reduced. You can find more details below.
The earliest the yearly payout can begin is the policy anniversary just before the life assured turns age 60 and provided it is after the end of the premium payment term and all premiums have been fully paid.
You can exercise this option as long as you meet the following conditions:
- you must apply to exercise this option 30 days before the policy anniversary that you want to start receiving the yearly payout;
- the minimum yearly payout amount is $500 and the policy must still meet the minimum sum assured of $10,000 after the end of the payout period;
- there are no policy loans of any kind or any amounts owing to us under the policy;
- the policy must not have been converted to a paid-up policy; and
- you can only exercise this option once per policy.
[p.10]
The yearly payout will be decided based on the following:
- The payout percentage, which is the percentage of the sum assured of the PRUActive Life V policy you are choosing to use for this option. You may choose to use between 10% and up to 80% of the sum assured for the PRUActive Life V policy (in multiples of 5%);
- At the start of each policy year, the yearly payout will equal the surrender value based on the sum assured for the PRUActive Life V policy to be reduced at the start of each policy year. This sum assured to be reduced at the start of each policy year is calculated by dividing the percentage you chose, at the point of application, by 10.
The yearly payout will then start from the policy anniversary immediately following our acceptance.
After the income payout option has been exercised,
- the sum assured of the PRUActive Life V policy will be reduced yearly upon every yearly payout and the policy will provide the coverage for the life assured based on the reduced sum assured and Multiplier benefit (if applicable) and have a reduced surrender value. Any future benefits and bonuses of the policy will be based on the reduced sum assured;
- if the sum assured for the PRUActive Life V policy is less than the sum assured of any accelerating riders, the sum assured of the respective accelerating riders will be reduced accordingly so that the sum assured of all the accelerating riders matches the reduced sum assured for the PRUActive Life V policy;
- the policy will still be subject to the minimum sum assured requirements;
- you cannot amend the option. However, you can cancel the option;
- you cannot change the sum assured or do a partial surrender of policy during the income payout period. However, a full surrender of the policy is allowed;
- all types of policy loans are not allowed during the income payout period (this includes the surgical and nursing loan and premium defer loan);
- you cannot surrender any reversionary bonus;
- you cannot ask to leave the yearly payouts with us.
The option will end when any of the following happens:
- on the full surrender of the policy;
- when the life assured dies;
- on the full or partial payout of any claim that accelerates the sum assured of the policy;
- termination of the PRUActive Life V plan;
- when you ask to cancel this option. When this happens, this option cannot be exercised again.
## Surrender Benefit
### What is Surrender Benefit?
The guaranteed surrender value plus non-guaranteed surrender value will be payable upon surrender after 36 months from the first premium due date and the premium had been paid for 36 months.
### What is the impact of early surrender?
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.
### What are the other features available under PRUActive Life V?
If the policy has a surrender value, the policyowner can apply to surrender part or all of the Reversionary Bonus that we have added to the policy for a cash value. Please do note that this will reduce the long-term value of the policy.
Automatic Premium Loan, Policy Loan and Surgical & Nursing Loan are also available. Please note that taking these loans will reduce the long-term value of the policy. For automatic premium loan and policy loan, a non-guaranteed loan interest will be charged.
Please refer to the policy document for the exact terms and conditions of these additional benefits.
## Bonuses:
### What type of bonuses?
The benefits under this plan are made up of guaranteed and non-guaranteed benefits. The guaranteed benefits, including bonuses which have already been allocated to the participating policyowners, will be paid regardless of the performance of the participating fund. Non-guaranteed benefits are in the form of bonuses. There are two main types of bonuses:
[p.11]
Reversionary Bonus and Performance Bonus. The bonuses are NOT guaranteed and will vary according to the future experience of the participating fund. The bonus rates in this section are based on the illustrated Investment Rate of Return of the Participating Fund at 4.25% per annum.
In comparison, at an illustrated Investment Rate of Return of 3.00% per annum, 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 amount at the illustrated Investment Rate of Return of 3.00% per annum and 4.25% per annum 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.
Please note that the actual bonuses that may be declared in the future may turn out to be higher or lower than illustrated in this section.
### Reversionary Bonus:
This is an annual bonus that we add to the policy benefits from the start of the calendar year after the policy's second anniversary. Once declared, it will form part of the guaranteed benefits of the plan.
The reversionary bonus rate is illustrated to be $7.30 per $1,000 sum assured and $16.40 per $1,000 on accumulated Reversionary Bonuses.
### Performance Bonus:
This is a one-off bonus which is a percentage of the accumulated Reversionary Bonuses. It may be paid when the policyowner surrenders the policy or makes a claim for any of the basic benefits of the policy. The amount will vary depending on the Termination Date. The illustrated Performance Bonus rates as a percentage of the accumulated Reversionary Bonuses are as follows:
#### Performance Bonus Table
| No. of completed years in force | Performance Bonus as a percentage of accumulated reversionary bonus |
|---|---|
| 0 | 0% |
| 1 | 0% |
| 2 | 0% |
| 3 | 9% to 17% |
| 4 | 13% to 25% |
| 5 | 18% to 34% |
| 6 | 27% to 51% |
| 7 | 36% to 68% |
| 8 | 45% to 85% |
| 9 | 54% to 102% |
| 10 | 54% to 102% |
| 11 | 58% to 110% |
| 12 | 67% to 127% |
| 13 | 72% to 136% |
| 14 | 76% to 144% |
| 15 | 81% to 153% |
| 16 | 90% to 170% |
| 17 | 94% to 178% |
| 18 | 99% to 187% |
| 19 | 103% to 195% |
| 20 | 112% to 212% |
| 21 | 112% to 212% |
| 22 | 117% to 221% |
| 23 | 117% to 221% |
| 24 | 121% to 229% |
[p.12]
| 25 | 135% to 255% |
|---|---|
| 26 | 135% to 255% |
| 27 | 130% to 246% |
| 28 | 126% to 238% |
| 29 | 121% to 229% |
| 30 | 121% to 229% |
| 31 | 117% to 221% |
| 32 | 112% to 212% |
| 33 | 112% to 212% |
| 34 | 112% to 212% |
| 35 | 112% to 212% |
| 36 | 108% to 204% |
| 37 | 108% to 204% |
| 38 | 103% to 195% |
| 39 | 100% to 190% |
| 40 | 100% to 190% |
| 41 | 100% to 190% |
| 42 | 100% to 190% |
| 43 | 100% to 190% |
| 44 | 100% to 190% |
| 45 | 100% to 190% |
| 46 | 100% to 190% |
| 47 | 100% to 190% |
| 48 | 100% to 190% |
| 49 | 100% to 190% |
| 50 | 100% to 190% |
| 51 | 100% to 190% |
| 52 | 100% to 190% |
| 53 | 100% to 190% |
| 54 | 100% to 190% |
| 55 | 100% to 190% |
| 56 | 100% to 190% |
| 57 | 100% to 190% |
| 58 | 100% to 190% |
| 59 | 100% to 190% |
| 60 | 100% to 190% |
| 61 | 100% to 190% |
| 62 | 100% to 190% |
| 63 | 100% to 190% |
| 64 | 100% to 190% |
| 65 | 100% to 190% |
| 66 | 100% to 190% |
| 67 | 100% to 190% |
| 68 | 100% to 190% |
| 69 | 100% to 190% |
| 70 | 100% to 190% |
| 71 | 100% to 190% |
| 72 | 100% to 190% |
| 73 | 100% to 190% |
| 74 | 100% to 190% |
| 75 | 100% to 190% |
| 76 | 100% to 190% |
| 77 | 100% to 190% |
[p.13]
| 78 | 100% to 190% |
|---|---|
| 79 | 100% to 190% |
| 80 | 100% to 190% |
| 81 | 100% to 190% |
| 82 | 100% to 190% |
| 83 | 100% to 190% |
| 84 | 100% to 190% |
| 85 | 100% to 190% |
| 86 | 100% to 190% |
| 87 | 100% to 190% |
| 88 | 100% to 190% |
| 89 | 100% to 190% |
| 90 | 100% to 190% |
| 91 | 100% to 190% |
| 92 | 100% to 190% |
| 93 | 100% to 190% |
| 94 | 100% to 190% |
| 95 | 100% to 190% |
| 96 | 100% to 190% |
| 97 | 100% to 190% |
| 98 | 100% to 190% |
| 99 | 100% to 190% |
| 100 | 100% to 190% |
| 101 | 100% to 190% |
| 102 | 100% to 190% |
| 103 | 100% to 190% |
| 104 | 100% to 190% |
| 105 | 100% to 190% |
| 106 | 100% to 190% |
| 107 | 100% to 190% |
| 108 | 100% to 190% |
| 109 | 100% to 190% |
| 110 | 100% to 190% |
Future bonuses which have yet to be allocated to the participating policyowner are not guaranteed and the insurer will decide the level of bonus to be declared each year as approved by the Board of Directors, taking into account the written recommendation by the Appointed Actuary.
[p.14]
# How are the assets invested and managed?
Prudential Singapore's participating fund consists of both single and regular premium policies segregated into a few sub-funds. Each sub fund's investments are managed separately to match its liability characteristics. Regular premium policies are written in the Regular Premium Life Sub-fund ("RPLF"). In the document below, the term "fund" will be referring to RPLF unless stated otherwise.
## Investment Objective
The investment objective is to maximise the long-term returns of the fund through investments consistent with policyowners' reasonable expectations, while meeting internal and regulatory solvency requirements. To achieve this, we set a Strategic Asset Allocation ("SAA") for the fund.
## Investment Mix
| Asset Type | Strategic Asset Allocation | Asset Allocation as at 31 Dec 2024 |
|---|---|---|
| Bonds | 50.0% | 52.7% |
| Equities | 29.5% | 35.4% |
| Property | 10.0% | 7.1% |
| Other Assets1 | 10.5% | 4.7% |
| Total Assets | 100.0% | 100.0% |
1 Other assets include alternative assets, cash and policy loans
The Asset Allocation percentages shown in the table have been rounded to the nearest 0.1%, and hence may not sum to exactly 100%.
SAA is the fund's long-term neutral asset allocation to meet the investment objective of the fund as set out above. Fund managers are allowed to deviate from the SAA, but within a mandated limit to take views on the current market conditions.
## Investment Rate of Return
For the RPLF, the past investment rates of return (after deducting investment expenses only) are shown in the table below.
| | 2022 | 2023 | 2024 | Average of last 3 years | Average of last 5 years | Average of last 10 years |
|---|---|---|---|---|---|---|
| Investment Returns | -13.42% | 7.24% | 8.26% | 0.17% | 2.23% | 3.95% |
Please note that past performance may not be indicative of future performance.
## 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 | Average of last 3 years | Average of last 5 years | Average of last 10 years |
|---|---|---|---|---|---|---|
| Total Expense Ratio | 2.65% | 2.03% | 1.64% | 2.08% | 2.27% | 2.53% |
Please note that past expense ratios may not be indicative of actual expenses that may be incurred in the future.
## Fund Manager
All investment related to this fund is carried out through Eastspring Investments (Singapore) Limited ("Eastspring Singapore"). Eastspring Singapore may also engage other Prudential plc related companies as sub-fund managers.
Eastspring Singapore address: Eastspring Investments (Singapore) Limited, 10 Marina Boulevard #32-01 Marina Bay Financial Centre Tower 2 Singapore 018983.
# What are the risks that affect the bonuses that you will be getting?
[p.15]
The level of bonuses depends on the actual experience of key factors affecting the performance of the fund. In determining the level of bonuses, we also considered the future outlook of these key factors. These key factors are:
- Investment performance and future investment outlook of the fund;
- Claims experience, with respect to death ("mortality") and Terminal Illness("TI") experience of the fund;
- Discontinuance ("surrender") experience of the fund;
- Level of expenses incurred by or allocated to the fund
There may be other factors that could affect the bonus levels, for example, changes in taxation and legislation.
# How are the risks shared?
Your policy is exposed to investment, mortality, lapse and expense risks, which are shared within the RPLF, i.e. with other regular premium plans.
In determining the level of bonuses that can be supported, the assets available to back the plan will be derived by accumulating the premiums paid at the actual rate of investment return less the cost of insurance, expenses incurred, commissions paid, taxes and other costs that may be incurred in managing the fund.
# How are bonuses smoothed over time?
As investment performance fluctuates over time, bonuses are smoothed to ensure stable medium to long-term returns on your policy. As a result, some of the investment returns in good years may not be distributed immediately so as to boost returns in years where the investment return is low. However, the effect of smoothing is intended to be neutral over time.
## Reversionary Bonus
Prudential Singapore's bonus distribution policy is to keep the Reversionary Bonus at a level that is expected to be sustainable over the long-term. Thus, while the Reversionary Bonus is usually reviewed annually, it is not expected to fluctuate from year to year. Nevertheless, it may be adjusted up or down under exceptional circumstances.
There is no Reversionary Bonus declared yet as this 8th Series plan was launched in 2026.
Past performance is not necessarily indicative of future performance.
## Performance Bonus
The Performance Bonus is reviewed at least annually. In exceptional circumstances, the review may be more frequent. The Performance Bonus is more likely to change from year to year but Prudential Singapore's policy is to limit the yearly variation so that, under normal circumstances, the payout will not be subject to large fluctuations over the short term.
There is no Performance Bonus declared yet as this 8th Series plan was launched in 2026.
Past performance is not necessarily indicative of future performance.
# What are the fees and charges imposed on this plan?
This plan shares in the experience of the fund. This means that any expenses incurred by the fund can be charged to the policy according to the risk-sharing rules described earlier.
Examples of such expenses include:
- Investment fees paid to fund managers for providing management services
- Mortality (death), Terminal Illness, lapse and surrender claims
- Marketing and other distribution-related costs
- Administration fees incurred in underwriting of new business
- Management and Overhead Expenses
- Commission fees paid to Prudential Financial Consultants or intermediaries
All expenses, including commissions, are shared and charged to the fund (assets backing the policy) according to the risk-sharing rules described earlier. Please refer to the Total Distribution Cost Table in the Policy Illustration for more information.
Please note that the charges described in this section will not be in the form of explicit fees or charges to you; it has already been allowed for in calculating your premium.
# How will I be updated on the performance of my plan?
An Annual Bonus Update will be sent to you annually. This document aims to keep you informed of the performance of the fund, its future outlook, the bonuses allocated to your policy for that year and any changes in future bonuses. Whenever there is a change in the bonus rates, you will also receive an update from Prudential Singapore. You may expect to receive the Annual Bonus Update after April each year.
[p.16]
Please contact your representative of either Prudential Singapore or a distributor duly appointed by Prudential Singapore at any time if you wish to receive an updated full policy illustration showing the illustrations of future bonuses based on Prudential Singapore's best estimate of the future performance of the participating fund.
## Conflict of Interest:
Potential conflicts of interest arise in the allocation of expenses between the participating and other insurance funds. Overallocation of expenses to the participating fund is detrimental to policyowners of participating policies. As such, Prudential Singapore strives to achieve a fair allocation substantiated by regular expense investigations.
## Related Party Transactions:
The fund manager managing the entire assets of the fund is a related party to Prudential Singapore. The size of RPLF under management by Eastspring Singapore is S$36,849 million as at 31 Dec 2024.
The Investment Committee ("IC") of Prudential Singapore has oversight responsibility for the activities of the fund managers to ensure that the transactions are carried out at arm's length. It is responsible for setting the mandates for day-to-day fund operation. The Asset and Liability Management Committee ("ALCO") of Prudential Singapore is responsible for the setting of the SAA and monitoring asset and liability matching.
The IC will also periodically review the investment fees charged by the fund managers, and advise Prudential Singapore accordingly. The Board of Directors ("Board") appoints the membership of the IC and ALCO. The Board will be responsible for reviewing and approving the IC and ALCO Constitution or Terms of Reference.
# Premiums:
The premium rate for the PRUActive Life V main policy is guaranteed. Premiums are payable for the period of the premium payment term and can be paid monthly, quarterly, half-yearly or yearly.
This policy is not a Medisave-approved policy and you may not use Medisave to pay the premium for this policy.
# Select additional benefits according to your need(s):
With additional premiums, you may add supplementary benefits to this insurance plan for extra protection.
All supplementary benefits are subject to product terms and conditions. Please consult a representative of either Prudential Singapore or a distributor duly appointed by Prudential Singapore for more information.
# Exclusions:
There are certain conditions (such as death from suicide within 12 months from cover start date or date of reinstatement (if any), or death from an activity under special exclusions or special terms and conditions (if any)) under which no benefits will be payable.
You are advised to read the policy document for the full details of these exclusions.
# Termination of benefits
The benefits under your PRUActive Life V policy will terminate when:
- When the life assured dies;
- If you fail
---
### https://lifeinsurance.com.sg/api/product/prudential/pruactive-linkguard/summary.md
# PRUActive
LinkGuard
**Insurer:** Prudential Singapore (Prudential Assurance Company Singapore (Pte) Limited)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/199002477Z/PRUActive%20LinkGuard%20Product%20Summary.pdf
## Source wording
- **Effective from:** (not stated in document)
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/199002477Z/PRUActive%20LinkGuard%20Product%20Summary.pdf
- **PDF sha256:** `3978da4d00278d994b250b7b3a608757915d1c7764e7d0611116e76d667d191a`
- **Extraction confidence:** verified
## Extracted facts
### riders
```json
[
{
"name": "Crisis Protect benefit",
"rider_type": "critical-illness",
"description": "Can be added as part of your basic benefit to your policy at any time if the benefit is available, you are paying your regular premiums, we decide that the life assured is in good health, the life assured is below 45 years old, and your policy has not ended.",
"source_page": 7,
"available_at_inception": true,
"available_after_inception": true
},
{
"name": "Early Crisis Protect benefit",
"rider_type": "early-critical-illness",
"description": "Can only be added if you have added the Crisis Protect benefit. Available if the benefit is available, you are paying your regular premiums, life assured is in good health, life assured is below 45 years old, and your policy has not ended.",
"source_page": 7,
"available_at_inception": true,
"available_after_inception": true
},
{
"name": "Crisis Care benefit",
"rider_type": "critical-illness",
"description": "Can be added as part of your basic benefit to your policy at any time if the benefit is available, you are paying your regular premiums, we decide that the life assured is in good health, the life assured is below 45 years old, and your policy has not ended. You can only add either Crisis Protect or Crisis Care, but not both.",
"source_page": 7,
"available_at_inception": true,
"available_after_inception": true
},
{
"name": "Early Crisis Care benefit",
"rider_type": "early-critical-illness",
"description": "Can only be added if you have added the Crisis Care benefit. Available if the benefit is available, you are paying your regular premiums, life assured is in good health, life assured is below 45 years old, and your policy has not ended.",
"source_page": 7,
"available_at_inception": true,
"available_after_inception": true
},
{
"name": "Disability Provider III",
"rider_type": "tpd",
"description": "Supplementary benefit available to add to your policy at any time if the supplementary benefit is available, you are paying your regular premiums, the life assured is in good health, the life assured is within the age limits, you pay the extra premium, and your policy has not ended.",
"source_page": 7,
"available_at_inception": true,
"available_after_inception": true
},
{
"name": "Accident Assist",
"rider_type": "accidental-death",
"description": "Supplementary benefit available to add to your policy at any time subject to conditions.",
"source_page": 7,
"available_at_inception": true,
"available_after_inception": true
},
{
"name": "Fracture Care PA",
"rider_type": "other",
"description": "Supplementary benefit available to add to your policy at any time subject to conditions.",
"source_page": 7,
"available_at_inception": true,
"available_after_inception": true
},
{
"name": "Crisis Waiver III",
"rider_type": "waiver-of-premium",
"description": "Supplementary benefit available to add to your policy at any time subject to conditions.",
"source_page": 7,
"available_at_inception": true,
"available_after_inception": true
},
{
"name": "Early Stage Crisis Waiver",
"rider_type": "waiver-of-premium",
"description": "Supplementary benefit available to add to your policy at any time subject to conditions.",
"source_page": 7,
"available_at_inception": true,
"available_after_inception": true
},
{
"name": "Payer Security III",
"rider_type": "payor-benefit",
"description": "Supplementary benefit available to add to your policy at any time subject to conditions.",
"source_page": 7,
"available_at_inception": true,
"available_after_inception": true
},
{
"name": "Payer Security Plus",
"rider_type": "payor-benefit",
"description": "Supplementary benefit available to add to your policy at any time subject to conditions.",
"source_page": 7,
"available_at_inception": true,
"available_after_inception": true
},
{
"name": "Early Payer Security",
"rider_type": "payor-benefit",
"description": "Supplementary benefit available to add to your policy at any time subject to conditions.",
"source_page": 7,
"available_at_inception": true,
"available_after_inception": true
},
{
"name": "PruSmart Lady II",
"rider_type": "other",
"description": "Supplementary benefit available to add to your policy at any time subject to conditions.",
"source_page": 7,
"available_at_inception": true,
"available_after_inception": true
},
{
"name": "Crisis Cover Kids",
"rider_type": "critical-illness",
"description": "Supplementary benefit available to add to your policy at any time subject to conditions.",
"source_page": 7,
"available_at_inception": true,
"available_after_inception": true
}
]
```
### free look
```json
{
"period_days": 14,
"source_page": 21,
"refund_basis": "we will refund you the premiums you have paid (without interest), less any medical fees and other expenses, such as payments for medical check-ups and medical reports, incurred by us. We use a premium refund formula as determined by us to work out the amount to be refunded. As your policy is an investment-linked life policy, we will, in determining the amount that is payable to you, additionally be entitled to adjust the amount to reflect the change in market value of the underlying assets."
}
```
### exclusions
```json
[
{
"text": "If the life assured dies from an activity under special exclusion and special terms and conditions shown in your certificate of life assurance, we do not pay the death benefit but we will either: pay you the value of all the units in your account; or refund the total premiums paid by you, minus any withdrawals, whichever is higher, less any outstanding amounts you owe us.",
"source_page": 2
},
{
"text": "If the life assured commits suicide within 12 months from the cover start date or date of reinstatement (if any) of your policy, we will void your policy.",
"source_page": 2
},
{
"text": "We do not pay [Accelerated Terminal Illness Benefit] if the life assured has already died at the time of the claim.",
"source_page": 3
},
{
"text": "We do not pay [Accelerated Terminal Illness Benefit] if the symptoms of the terminal illness existed at the cover start date or date of reinstatement (if any) of this benefit.",
"source_page": 3
},
{
"text": "We do not pay [Accelerated Terminal Illness Benefit] if the life assured is diagnosed as having a terminal illness caused by: self-inflicted injuries while sane or insane; AIDS, AIDS-related complex or infection by HIV except HIV due to a blood transfusion and occupationally acquired HIV; using unprescribed drugs if the drugs are required by law to be prescribed by a registered medical practitioner; or an activity under the special exclusions and special terms and conditions shown on your certificate of life assurance.",
"source_page": 3
},
{
"text": "We do not pay [Total and Permanent Disability Benefit] if the disability claim was made when the life assured had already died at the time of the claim (we will pay the death benefit instead); happened when the life assured was below 28 days old; existed at the cover start date or date of reinstatement (if any) of this benefit; or arises directly or indirectly out of: attempted suicide or self-inflicted injuries while sane or insane; travelling on a non-commercial airline except military aircraft; or an activity under the special exclusions and special terms and conditions shown on your certificate of life assurance.",
"source_page": 5
}
]
```
### cash values
```json
{
"has_cash_value": true,
"non_guaranteed_bonus": {
"available": false
},
"guaranteed_surrender_value": {
"basis": "Surrender value = value of units in account less surrender charge (if any) plus any premium paid but not yet invested. Surrender charge applies within first 3 premium-paying years: 100% in months 1-12, 100% in months 13-24, 50% in months 25-36, 0% from month 37 onwards.",
"available": true,
"source_page": 12
}
}
```
### policy loan
```json
{
"available": false
}
```
### grace period
```json
{
"days": 30,
"source_page": 14
}
```
### product type
```json
"investment-linked"
```
### underwriting
```json
{
"source_page": 15,
"smoker_loading": true,
"occupational_rating": "If you are required to pay extra for medical, occupational or hazardous activities, these will be added to the assurance charge.",
"pre_existing_treatment": "If the symptoms of the terminal illness existed at the cover start date or date of reinstatement (if any) of this benefit, we do not pay. Disability that existed at the cover start date or date of reinstatement (if any) of this benefit is also excluded."
}
```
### policy basics
```json
{
"maximum_entry_age": {
"basis": "age-last-birthday",
"years": 59,
"source_page": 9
},
"minimum_sum_assured": {
"amount": "the minimum sum assured as indicated by Prudential at the time of application or reduction",
"currency": "SGD",
"source_page": 9
},
"maximum_coverage_age": "whole-of-life"
}
```
### premium terms
```json
{
"cpf_eligible": {
"srs": false,
"notes": "PRUActive LinkGuard is not a Medisave-approved policy and you may not use Medisave to pay the premium for this policy.",
"source_page": 21,
"special_account": false,
"ordinary_account": false
},
"payment_modes": [
"annual",
"semi-annual",
"quarterly",
"monthly"
],
"minimum_premium": {
"amount": 75,
"currency": "SGD",
"source_page": 7
},
"premium_term_options": [
{
"label": "Regular premium",
"description": "Minimum premium is $900 (annually); $450 (semi-annually); $225 (quarterly); or $75 (monthly).",
"source_page": 7
}
]
}
```
### reinstatement
```json
{
"conditions": "you apply within 24 months from the end date of your policy; you pay all the premiums you owe; the life assured is under 60 years old; and you give us satisfactory evidence of the health of the life assured. You must pay the costs involved in this.",
"source_page": 11,
"window_years": 2
}
```
### non forfeiture
```json
{
"paid_up": {
"text": "Not described in the product summary.",
"available": false
},
"source_page": 14,
"extended_term": {
"text": "Not described in the product summary.",
"available": false
},
"automatic_premium_loan": {
"text": "Not applicable to this investment-linked policy. If you fail to pay a premium on time or you stop paying your premiums and there are units in your account, your policy automatically continues at the same sum assured or Multiplier benefit (if this applies) for the same basic benefits. We continue to bill you for the administration charge and the assurance charge by using the units in your account. When there are no more units in your account, your policy ends on the next billing date.",
"available": false
}
}
```
### suicide clause
```json
{
"source_page": 2,
"payout_within_period": "If the life assured commits suicide within 12 months from the cover start date or date of reinstatement (if any) of your policy, we will void your policy. In this case, we cancel it and refund the premiums received from you. We will first deduct any withdrawals, all outstanding amounts you owe us in connection with your policy and expenses (including administrative, sales-related and medical expenses) we have had to pay on your policy. We use a premium refund formula that is decided by us, to work out the amount to refund you.",
"exclusion_period_months": 12
}
```
### document metadata
```json
{
"product_full_name": "PRUActive LinkGuard",
"insurer_legal_entity": "Prudential Assurance Company Singapore (Pte) Limited"
}
```
### terminal illness benefit
```json
{
"available": true,
"source_page": 3,
"acceleration_percent": 100,
"qualifying_definition": "A terminal illness is defined as a condition which, in the opinion of a registered medical practitioner, and our appointed doctor agrees, is highly likely to lead to death within 12 months."
}
```
---
*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.*
---
### https://lifeinsurance.com.sg/api/product/prudential/pruactive-linkguard/wording.md
# PRODUCT SUMMARY: PRUActive LinkGuard
This Product Summary is a simplified description of the key product features. The exact terms can be found in the policy document.
## Details of Product Provider
Prudential Assurance Company Singapore (Pte) Limited ("Prudential Singapore"), 30 Cecil Street, #30-01 Prudential Tower, Singapore 049712 Tel: 1800-3330 333
Prudential Singapore is responsible for the product features and contractual provisions and these will be explained to you by a representative of either Prudential Singapore or a distributor duly appointed by Prudential Singapore.
Please note that the product you are purchasing is a Specified Investment Product.
This policy and its Supplementary benefit(s) (if any) is/are protected under the Policy Owners' Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy and its Supplementary benefit(s) (if any) is/are 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 your insurer or visit the General Insurance Association (GIA) /Life Insurance Association (LIA) or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).
The Proposer acknowledges receipt of all pages of the Product Summary for the Main plan and Supplementary benefits (where applicable), the Fund Information Booklet(s) and the Product Highlights Sheet(s) (where applicable). The contents have been explained to your satisfaction.
## Nature and Objective of Plan
PRUActive LinkGuard is a regular premium investment-linked policy where you can choose your protection and investment mix within one policy. This policy provides financial protection against death, disability and terminal illness. Protection against critical illness can be included. It also has a Multiplier benefit that provides a higher payout before the life assured turns age 50 ("Multiplier benefit expiry age").
Please note that every investment-linked product/fund or combination of funds has its own characteristics including investment horizon, liquidity, and level of risk and you may consider some to be more appropriate to satisfy your individual needs and preferences.
[p.2]
## Death Benefit
### What do we pay for Death Benefit?
If the life assured dies before the Multiplier benefit expiry age, we pay the Multiplier benefit of the Death benefit and the value of all the units in your account, less any amounts you owe us.
If the life assured dies on or after the Multiplier benefit expiry age, we pay the sum assured for death as shown in your certificate of life assurance and the value of all the units in your account, less any amounts you owe us.
The Multiplier benefit is two times the sum assured for death as shown in your certificate of life assurance and is payable before the life assured turns age 50. However, you can choose to retain the Multiplier benefit by writing to us before the Multiplier benefit expiry age.
To work out the value of your units, we use the bid price on the next business day after we receive the notification of death of the life assured, with proof of death.
If we deducted administration and assurance charges from your account at any time before the date you claim for the death benefit, we will not refund these charges to you.
If your policy is within the first 10 years from the cover start date and the No Lapse Period is effective, we will pay the death benefit even if the value of the units in your account is not enough to pay the monthly administration and assurance charges that we bill to your account.
### What is not covered for Death Benefit?
If the life assured dies from an activity under special exclusion and special terms and conditions shown in your certificate of life assurance, we do not pay the death benefit but we will either:
- pay you the value of all the units in your account; or
- refund the total premiums paid by you, minus any withdrawals,
whichever is higher, less any outstanding amounts you owe us.
If the life assured commits suicide within 12 months from the cover start date or date of reinstatement (if any) of your policy, we will void your policy. In this case, we cancel it and refund the premiums received from you. We will first deduct any withdrawals, all outstanding amounts you owe us in connection with your policy and expenses (including administrative, sales-related and medical expenses) we have had to pay on your policy. We use a premium refund formula that is decided by us, to work out the amount to refund you.
## Accelerated Terminal Illness Benefit
### What do we pay for Accelerated Terminal Illness Benefit?
If the life assured is diagnosed as having a terminal illness before the Multiplier benefit expiry age, we pay the Multiplier benefit, less any amounts you owe us.
If the life assured is diagnosed as having a terminal illness on or after the Multiplier benefit expiry age, we pay the sum assured for accelerated terminal illness as shown in your certificate of life assurance, less any amounts you owe us.
If the sum assured of the accelerated terminal illness benefit is the same as the death benefit, we will also pay the value of all the units in your account, and your policy ends.
The Multiplier benefit is two times the sum assured for Accelerated Terminal Illness as shown in your certificate of life assurance and is payable before the life assured turns age 50. However, you can choose to retain the Multiplier benefit by writing to us before the Multiplier benefit expiry age.
To work out the value of the units, we use the bid price at the next pricing date after the date you inform us of the terminal illness and with your proof of the terminal illness.
If we deducted administration and assurance charges from your account at any time before the date you claim for the terminal illness benefit, we will not refund these charges to you.
If your policy is within the first 10 years from the cover start date and the No Lapse Period is effective, we will pay the accelerated terminal illness benefit even if the value of the units in your account is not enough to pay the monthly administration and assurance charges that we bill to your account.
### When do we pay for Accelerated Terminal Illness Benefit?
We pay if the life assured is diagnosed as suffering from a terminal illness.
We can ask for a medical examination to be carried out by a medical practitioner registered with the Singapore Medical Council if we decide the medical reports you give us are not enough for our purposes.
A terminal illness is defined as a condition which, in the opinion of a registered medical practitioner, and our appointed doctor agrees, is highly likely to lead to death within 12 months.
A registered medical practitioner is any person properly qualified with a degree in western medicine to practise medicine, and is licensed by the appropriate medical authority of the country they live in to practise medicine within the scope of his licensing and training. This cannot be you, the life assured or a family member of either.
### What happens after we pay for Accelerated Terminal Illness Benefit?
If the sum assured of the Accelerated Terminal Illness Benefit is the same as the sum assured of the Death Benefit, your policy terminates. If the sum assured is lower than the sum assured of the Death Benefit, then the Accelerated Terminal Illness Benefit terminates. The policy continues for the Death Benefit with its sum assured reduced by the amount paid out under the Accelerated Terminal Illness benefit.
### What is not covered for Accelerated Terminal Illness Benefit?
We do not pay in any of the following circumstances:
- If the life assured has already died at the time of the claim. We will pay the death benefit instead.
- If the symptoms of the terminal illness existed at the cover start date or date of reinstatement (if any) of this benefit.
- If the life assured is diagnosed as having a terminal illness caused by:
- self-inflicted injuries while sane or insane;
- AIDS, AIDS-related complex or infection by HIV except HIV due to a blood transfusion and occupationally acquired HIV;
- using unprescribed drugs if the drugs are required by law to be prescribed by a registered medical practitioner; or
- an activity under the special exclusions and special terms and conditions shown on your certificate of life assurance.
## Total and Permanent Disability Benefit
### What do we pay for Total and Permanent Disability Benefit?
If the life assured becomes totally and permanently disabled before the cover end date, we pay the benefit for total and permanent disability as shown in the table below:
| Age at date of disability | We pay |
|---|---|
| below 1 year | 20% of the Multiplier benefit of the Total and Permanent Disability benefit, less any amounts you owe us. The policy ends when we pay this 20%. When the policy ends, we will also pay the value of all the units in your account. |
| 1 to 69 years | - the Multiplier benefit of the Total and Permanent Disability benefit, less any amounts you owe us, if it is before the Multiplier benefit expiry age. - the sum assured of the Total and Permanent Disability benefit as shown in your certificate of life assurance, less any amounts you owe us, if it is on or after the Multiplier benefit expiry age. If the sum assured of the Total and Permanent Disability benefit is the same as the death benefit, we will also pay the value of all the units in your account, and your policy ends. The Multiplier benefit is two times the sum assured for Total and Permanent Disability as shown in your certificate of life assurance and is payable before the life assured turns age 50. However, you can choose to retain the Multiplier benefit by writing to us before the Multiplier benefit expiry age. To work out the value of the units, we use the bid price at the next pricing date after the date you inform us of the disability and with your proof of disability. We pay up to $2,000,000 of the Total and Permanent Disability benefit sum assured, six months after the confirmed onset of disability (Deferment Period) by a registered medical practitioner. Disability is the condition of being totally and permanently disabled. The deferment period does not apply if the life assured suffers: - total and permanent blindness in both eyes as confirmed by an ophthalmologist; - the physical loss of any two limbs, each above the wrist or ankle but not just the hands and feet; or - total and permanent blindness in one eye as confirmed by an ophthalmologist and the physical loss of any one limb at or above the wrist and ankle but not just the hands and feet. For any Total and Permanent Disability benefit sum assured that is above $2,000,000, we pay the balance sum assured (in other words any amount that is above $2,000,000) in a lump sum: - 12 months from the date of the first lump-sum payment; or - on the death of the life assured, whichever happens first: +when we say age in the table, we mean the age at their last birthday |
If we deducted administration and assurance charges from your account at any time before the date you claim for the disability benefit, we will not refund these charges to you.
If the life assured stops being totally and permanently disabled before the balance sum assured is due for payment, we stop payment immediately. In this case, you can still continue your policy for the death benefit and terminal illness benefit by paying the necessary premiums. The sum assured will be equal to the balance sum assured (in other words, any amount that is above $2,000,000). The Multiplier benefit will be based on the balance sum assured.
The monthly administration charge and revised assurance charges for the death benefit and terminal illness benefit will continue to be deducted from your account. If there are not enough units to pay for these charges, your policy will lapse.
If your policy is within the first 10 years from the cover start date and the No Lapse Period is effective, we will pay the total and permanent disability benefit even if the value of the units in your account is not enough to pay the monthly administration and assurance charges that we bill to your account.
### When do we pay for Total and Permanent Disability Benefit?
For a life assured from the age of 28 days to 15 years, we pay when the life assured is totally and irrecoverably disabled as a result of which the life assured have to stay in a home, hospital or other institution and need constant care and medical attention for at least six months in a row.
For a life assured from age 16 and 65 years, we pay when the life assured is totally and irrecoverably disabled as a result of which the life assured:
- cannot take part in any occupation, business or activity which pays an income; or
- suffers total and irrecoverable loss of use of:
- both eyes; or
- any two limbs, each above the wrist or ankle but not just the hands and feet; or
- one eye and any one limb at or above the wrist or ankle but not just the hand or foot.
For a life assured from age 66 to 70 years, we pay when the life assured is totally and permanently disabled, as a result of which the life assured:
- suffers total and permanent loss of use of:
- both eyes;
- any two limbs, each above the wrist or ankle but not just the hands and feet; or
- one eye and any one limb at or above the wrist or ankle but not just then hand or foot, or
- are unable to perform (whether with help or without help) at least three of the following six Activities of Daily Living for a continuous period of at least six months.
### Activities of Daily Living:
- Washing - the ability to wash in the bath or shower (including getting into and out of the bath or shower) or wash satisfactorily by other means;
- Dressing - the ability to put on, take off, secure and unfasten all garments and, as appropriate, any braces, artificial limbs or other surgical appliances;
- Feeding - the ability to feed oneself once food has been prepared and made available
- Toileting - the ability to use the lavatory or otherwise manage bowel and bladder functions so as to maintain a satisfactory level of personal hygiene;
- Mobility - the ability to move indoors from room to room on level surfaces;
- Transferring - the ability to move from a bed to an upright chair or wheelchair and vice versa.
The above is the definition of totally and permanently disabled. Disability and total and permanent disability is defined as the condition of being totally and permanently disabled.
The disability must be confirmed by a registered medical practitioner.
We can ask for a medical examination to be carried out by a medical practitioner registered with the Singapore Medical Council if we decide the medical reports you give us are not enough for our purposes.
### What happens after we pay for Total and Permanent Disability Benefit?
If the sum assured of the Total and Permanent Disability Benefit is the same as the sum assured of the Death Benefit, your policy terminates. If the sum assured is lower than the sum assured of the Death Benefit, then the Total and Permanent Disability terminates. The policy continues for the Death Benefit with its sum assured reduced by the amount paid out under the Total and Permanent Disability benefit.
### What is not covered for Total and Permanent Disability Benefit?
We do not pay if the disability:
- claim was made when the life assured had already died at the time of the claim (we will pay the death benefit instead);
- happened when the life assured was below 28 days old;
- existed at the cover start date or date of reinstatement (if any) of this benefit; or
- arises directly or indirectly out of:
- attempted suicide or self-inflicted injuries while sane or insane;
- travelling on a non-commercial airline except military aircraft; or
- an activity under the special exclusions and special terms and conditions shown on your certificate of life assurance.
## Choose your investment:
When you apply for your policy, you choose whether you want:
- all your regular or single premium to be invested in one of the PRULink funds; or
- part of your regular or single premium to be invested in 2 or more PRULink funds.
You must invest a minimum of 5% of your regular premium (whichever applies) in any PRULink fund you choose and after that invest in multiples of 5%.
If we receive your regular premium:
a) by 3pm, we use the bid price on the next business day to work out the number of units; or
b) after 3pm, we use the bid price on the second business day from the day we receive your premium, to work out the number of units.
## PRULink funds:
Please refer to Appendix B for the list of available Investment-Linked Funds and the respective Fund Information Booklet for details on the investment funds you can invest under this policy. These investment funds shall be collectively known as "PRULink funds" hereafter. Any single fund in the PRULink funds shall be known as a "PRULink fund" hereafter.
## Premium:
Minimum premium is $900 (annually); $450 (semi-annually); $225 (quarterly); or $75 (monthly).
[p.7]
## Options:
You have the choice to:
### 1. Add a basic benefit
You can add the Crisis Protect benefit and Early Crisis Protect benefit or the Crisis Care benefit and the Early Crisis Care as part of your basic benefit to your policy at any time if:
- the benefits are available at the time you apply;
- you are paying your regular premiums;
- we decide that the life assured is in good health;
- the life assured is below 45 years old; and
- your policy has not ended.
You can only add either Crisis Protect or Crisis Care, but not both. You can only add the Early Crisis Protect benefit if you have added the Crisis Protect benefit and you can only add the Early Crisis Care benefit if you have added the Crisis Care benefit.
### 2. Add supplementary benefits
You may add a supplementary benefit to your policy at any time if:
- the supplementary benefit is available;
- you are paying your regular premiums;
- we decide that the life assured is in good health;
- the life assured is within the age limits;
- you pay the extra premium; and
- your policy has not ended.
Below are the supplementary benefits that are available. We may introduce new benefits or at our discretion withdraw the benefits offered as we consider appropriate.
- Disability Provider III
- Accident Assist
- Fracture Care PA
- Crisis Waiver III
- Early Stage Crisis Waiver
- Payer Security III
- Payer Security Plus
- Early Payer Security
- PruSmart Lady II
- Crisis Cover Kids
Refer to the respective Product Summary for detailed information on the above supplementary benefits.
### 3. Change your regular premium distribution
At any time, you can ask us to change the proportions of how your regular premiums are being invested. You can only change in multiples of 5% and into any of the PRULink funds that are currently available. We make the change the next time you pay your regular premium.
Each month we will use the bid price on the next business day to sell proportionate units from all the PRULink funds you have invested to pay for the administration and assurance charges. We will work out the proportionate units to sell based on the number of units you are still invested in each of the PRULink funds as at the time of the sale. How we work out and decide on the final results, is final and binding.
### 4. Switch from one PRULink fund to another
Once you have enough units in your account, you can ask us to switch them into other PRULink funds that are available. There is a minimum amount you can switch out of a PRULink fund and we will let you know this minimum amount at the time you apply to do the switch.
The value of the remaining units in the PRULink fund that you are switching out from cannot be lower than a minimum amount we indicate. To work out the value of the remaining units, we use the bid price at the time the switch is carried out. If the value of the remaining units is lower than the minimum amount, you must switch all the units out of the fund. We can change at any time, the minimum amount you can switch out of a fund when there is any new application to switch funds. We will let you know this minimum amount at the time of your application to do the switch.
To make the switch, we sell your units in the old PRULink fund at the bid price of that fund and buy units in the new PRULink fund at its bid price.
We currently do not charge for fund switches. However, we can levy an administration charge but we will give you 30 days' written notice before we do so.
If we receive your application:
a) by 3pm, we use the bid price on the next business day to work out the number of units; or
b) after 3pm, we use the bid price on the second business day from the day we receive your application, to work out the number of units.
### 5. Increase sum assured
You can increase the sum assured for death, total and permanent disability, terminal illness and critical illness and pre-critical illness according to the required minimum sum assured.
You can only increase the sum assured for critical illness or pre-critical illness if you have included the Crisis Protect benefit or the Crisis Care benefit, Early Crisis Protect benefit or Early Crisis Care benefit.
When you increase the sum assured of your Death benefit, the sum assured of the Accelerated Terminal Illness and Total and Permanent Disability benefits will increase by the same amount. Your regular premium will also increase upon the increased sum assured in the Death, Accelerated Terminal Illness, Total and Permanent Disability, Early Crisis Care (if any) or Early Crisis Protect (if any) benefits. The increased portion of the premium will be treated separately from the current premium when deciding the premium charge. The increased portion will follow the premium charge rates from Year 1.
If you want to increase the sum assured of the critical illness benefits, you can do so without increasing your regular premium, if it is within the maximum sums assured allowed.
When you increase the sum assured of the death, terminal illness, total and permanent disability, critical illness and pre-critical illness benefits, the Multiplier benefit (if applicable) and the assurance charges will increase based on the revised sum assured.
You can only increase your sum assured if you have paid your regular premium and the life assured:
- is under 60 years old (for increase in the death, terminal illness, total and permanent disability, Crisis Care and Early Crisis Care benefits);
- is under 50 years old (for increase in the Crisis Protect and Early Crisis Protect benefit);
- gives us satisfactory evidence of health. You must pay any cost involved in providing this; and
- is not engaged in any occupation or hazardous activity where we charge extra on the assurance charges.
### 6. Increase sum assured without providing evidence of good health
If you bought your policy at standard rates (that means you were not given our Offer of Conditional Acceptance), then subject to the conditions below, you can increase the sum assured of this policy for death, total and permanent disability and terminal illness without evidence of good health. This benefit can be used when the life assured experiences any of the following life events:
- marries;
- divorces;
- becomes a parent / delivers a baby;
- adopts a child through legal means;
- suffers the death of the spouse;
- child(ren) entering primary or secondary school; or
- marriage of the child(ren).
However, you can only exercise this option twice in the lifetime of the life assured.
The increase in the sum assured for death, total and permanent disability and terminal illness must:
a) be used within 3 months from the date of the life event;
b) not be more than:
- $150,000 (including the Multiplier benefit, if it applies); or
- 25% of the original sum assured;
whichever is lower. This sum assured limit applies to each life event and does not take into account the number of PRUActive LinkGuard policies the life assured may have.
When you increase the sum assured, your regular premium will also increase. The revised regular premium will be worked out for you at the time you apply for the increase in the sum assured. The increased portion of the premium will be treated separately from the current premium when deciding the premium charge. The increased portion will follow the premium charge rates from Year 1.
You can only do this increase if:
- the life assured is under 50 years old; and
- you have paid all the premiums due under your PRUActive LinkGuard; and
- the life assured has not made any claim on any policy that the life assured has with us and received the benefits.
### 7. Reduce sum assured
You can reduce the sum assured for death, total and permanent disability and terminal illness to an amount not less than the minimum sum assured and regular premium that we indicate. You can only do so after you have fully paid the regular premiums for 25 months.
If you made an increase in the sum assured for death, total and permanent disability and terminal illness previously, 25 months of the revised regular premiums must be fully paid before you can reduce the sum assured.
When you reduce the sum assured of the death benefit, the sum assured of the terminal illness and total and permanent disability benefits will be reduced by the same amount. Your regular premium will also reduce. The reduced sum assured of the death benefit will affect the maximum sum assured allowed for the critical illness and pre-critical illness benefits, and the sum assured of the critical illness and pre-critical illness benefit (if any) may also be reduced.
If you have included the Crisis Protect or Crisis Care benefit, Early Crisis Protect or Early Crisis Care benefit, you can reduce the sum assured to an amount not less than the minimum sum assured that we indicate, any time. When you reduce the sum assured of the critical illness benefit, your regular premium will not reduce. However, when you reduce the sum assured of the Early Crisis Care or Early Crisis Protect benefit, your regular premium will reduce.
When you reduce the sums assured of the death, terminal illness, total and permanent disability and critical illness and pre-critical illness benefits, the Multiplier benefit (if applicable) and the assurance charges will reduce based on the revised sum assured.
### 8. Reduce sum assured to zero
You can choose to reduce your sum assured for death, total and permanent disability, terminal illness and Crisis Care (if any) and Early Crisis Care (if any) to zero after:
- the life assured has reached age 50; or
- 10 years from:
- the cover start date of your policy; or
- the last increase in your sum assured
whichever is later.
You must continue paying your premiums as there is a minimum premium amount that must still be paid.
When you reduce your sum assured for death, total and permanent disability, terminal illness and Crisis Care (if any) and Early Crisis Care (if any) to zero, you no longer need to pay for their assurance charges. However, you would still have to pay for the monthly administration charges.
### 9. Top-up with Investment Booster (Lump Sum)
You can pay an additional one-off premium called the Investment Booster (Lump Sum), at any time, to increase your investment. The minimum Investment Booster (Lump Sum) premium is $1,000.
When you apply for your Investment Booster (Lump Sum), you choose whether you want:
- to invest all your Investment Booster (Lump Sum) premium in one of the PRULink funds; or
- to invest part of your Investment Booster (Lump Sum) premium in two or more of the PRULink funds.
You must invest a minimum of 5% of your Investment Booster (Lump Sum) premium in any PRULink fund you choose and after that invest in multiples of 5%.
There is a premium charge of 3% of your Investment Booster (Lump Sum) premium. This premium charge is an upfront charge that we deduct from every Investment Booster (Lump Sum) premium paid. We use the remaining 97% of your Investment Booster (Lump Sum) premium to buy units at the bid price in the PRULink fund or funds you have chosen. We credit the units to your account.
If we receive your Investment Booster (Lump Sum) premium:
a) by 3pm, we use the bid price on the next business day to work out the number of units; or
b) after 3pm, we use the bid price on the second business day from the day we receive your premium, to work out the number of units.
We can change the premium charge rate at any time but we will give you 30 days' written notice if we do so.
We can change or levy an administration charge for the Investment Booster (Lump Sum) feature at any time, but we will give you 30 days' written notice before we do so.
The Investment Booster (Lump Sum) feature will not apply if you stop paying your regular premium.
### 10. Top-up with Investment Booster (Regular)
You can increase your investment at any time, if the life assured is under 65 years old, by paying an additional premium called the Investment Booster (Regular). The Investment Booster (Regular) is payable at the same frequency as your regular premium.
At the start of your Investment Booster (Regular) you can choose to invest in funds that are different from your regular premiums. After the Investment Booster (Regular) has started, you will not be able to change the premium distribution of the Investment Booster (Regular) to one that is different from your regular premiums.
The Investment Booster (Regular) must be equal to or more than $75 (monthly); $225 (quarterly); $450 (half-yearly); $900 (yearly).
There is a premium charge of 3% of your Investment Booster (Regular) premium. This premium charge is an upfront charge that we deduct from every Investment Booster (Regular) premium paid. We use the remaining 97% of your Investment Booster (Regular) premium to buy units at the bid price in the PRULink fund or funds you have chosen. We credit the units to your account.
If we receive your Investment Booster (Regular):
a) by 3pm, we use the bid price calculated on the next business day; or
b) after 3pm, we use the bid price calculated on the second business day from the day of receipt.
For new premiums that we receive in the future under this Investment Booster (Regular) feature, we can change the premium charge rates of these new premiums at any time but we will give you 30 days' written notice if we do so.
We can change or levy an administration charge for the Investment Booster (Regular) feature at any time, but we will give you 30 days' written notice before we do so.
The Investment Booster (Regular) feature will not apply if you stop paying your regular premium.
### 11. Reinstate the policy
If your policy ends because you stop paying the regular premiums and there are not enough units in your account, you may apply to reinstate it if:
- you apply within 24 months from the end date of your policy;
- you pay all the premiums you owe;
- the life assured is under 60 years old; and
- you give us satisfactory evidence of the health of the life assured. You must pay the costs involved in this.
### 12. Withdraw units from your account
You can make a partial withdrawal by asking us to sell some of the units in your account.
You can make a partial withdrawal if:
• the withdrawal amount is at least $1,000;
• the account balance after withdrawal is at least $1,000, based on bid price at the time of withdrawal; AND
• after 25 months of regular premiums have been fully paid.
Before 25 months of regular premiums have been fully paid, partial withdrawal is not allowed. However, if Investment Booster (Lump Sum) and/or Investment Booster (Regular) has been made, partial withdrawal is allowed subject to:
- the withdrawal amount is at least $1,000;
- the account balance after withdrawal is at least $1,000, based on bid price at the time of withdrawal; AND
- Total partial withdrawals made to-date must not be more than total Investment Booster (Lump Sum and Regular) paid to-date.
We sell the units as soon as possible after accepting your application. If we receive your application:
a) by 3pm, we use the bid price on the next business day to work out the number of units; or
b) after 3pm, we use the bid price on the second business day from the day we receive your application, to work out the number of units.
### 13. Surrender the policy:
You can apply at any time to surrender your policy.
However, there is a charge when you surrender your policy within the first three premium-paying years of your policy. It is a percentage of the sum of the allocated premiums in the account.
Allocated premiums would be the remaining amount of premiums that are invested in the account after deducting the premium charge.
| Number of months the regular premiums were paid | Surrender charge on the sum of the allocated regular premiums |
|---|---|
| 1 – 12 | 100% |
| 13 – 24 | 100% |
| 25 – 36 | 50% |
| 37 and above | 0% |
We pay you the surrender value which is made up of:
a) the value of the units in your account (less the surrender charge (if any) and
b) any premium you have paid and which we have not invested yet.
We will not refund any charges deducted from your account when you surrender your policy.
If we receive your application:
a) by 3pm, we use the bid price of the next business day to work out the surrender value; or
b) after 3pm, we use the bid price on the second business day from the day we receive the application, to work out the surrender value.
When you increase the sum assured of your death benefit, your regular premium will also increase. The increase is treated as new regular premium and the premium charge rates will apply. If you surrender your policy within the first three years of increasing your sum assured, the surrender charge will apply on the increased portion of your regular premium.
The surrender charge does not apply to the premium coming from any Investment Booster (Lump Sum) or Investment Booster (Regular).
[p.13]
## No Lapse Period:
For the first 10 years from the cover start date of the policy, your policy will not lapse even if the unit value in your account is not enough to pay for your administration and assurance charges.
The No Lapse Period (NLP) will apply only if:
- you pay all your regular premiums when they are due or you back-pay all unpaid regular premiums that were due; and
- you did not withdraw any units from your account, or if you have withdrawn units, then the total withdrawn amount is equal to or less than your total Investment Booster (Lump Sum) and Investment Booster (Regular) premiums.
If you did not meet any of the above conditions, the NLP will not apply. This means that your policy will lapse if the unit value in your account is not enough to pay for your administration and assurance changes. You may be paying your premiums, but as long as the unit value is not enough to pay the charges, your policy will lapse.
Even if you reinstate the NLP, it would not be extended beyond the 10-year period.
## Failure to pay premiums:
If you fail to pay a premium on time or you stop paying your premiums and there are units in your account, your policy automatically continues at the same sum assured or Multiplier benefit (if this applies) for the same basic benefits. However, all supplementary benefits shown in your certificate of life assurance automatically end.
We continue to bill you for the administration charge and the assurance charge by using the units in your account. When there are no more units in your account, your policy ends on the next billing date.
[p.14]
## Charges:
### 1. Premium Charge
We will deduct a premium charge upon the payment of regular premium, Investment Booster (Regular) and Investment Booster (Lump Sum). We then use the remaining amount to buy units in the fund or funds you have chosen. The premium charge is calculated by multiplying the premium paid by the premium charge rates as shown in the table below:
#### For Regular Premiums:
| Premium Charge | Premium Charge (Percentage of Regular Premiums Paid in Each Policy Year) |||||
|---|---|---|---|---|---|
| | Year 1 | Year 2 | Year 3 | Year 4 - 7 | Year 8 onwards |
| % | 75% | 55% | 45% | 5% | Nil |
We can change the premium charge of the regular premium for year 10 onwards but will give you 30 days' written notice before we do so.
If you did not pay your regular premium on the premium due date or your policy had ended previously and was reinstated, the applicable premium charge rate when you resume premium payments will be the rate of the last regular premium paid by you and accepted by us.
#### For Investment Booster (Lump Sum) or Investment Booster (Regular):
The premium charge is 3% of each Investment Booster (Lump Sum) or Investment Booster (Regular) premium.
### 2. Administration Charge
From the first premium due date of your policy and on the same day every month after that, we bill your account for an administration charge of $5.
Unless we say otherwise, we fund the charges through the cancellation of units in your account at the bid price. However, during the No Lapse Period, the administration charges that we bill your account will remain as amounts you owe us if you don't have enough units to pay for them.
Each month we will use the bid price on the next business day to sell proportionate units from all the PRULink funds you have invested to pay for the administration charge. We will work out the proportionate units to sell based on the number of units still invested by you in each of the PRULink funds as at the time of the sale. How we work out and decide on the final results, is final and binding.
We can change the administration charge. However, we will give you 30 days' written notice before we do so. The maximum administration charge is up to $10 per month adjusted by the percentage increase in the Consumer Price Index within 10 years of the cover start date of your policy.
### 3. Assurance Charge
From the first premium due date of your policy and on the same day every month after that, we bill your account for an assurance charge. The assurance charge is the costs of providing you the basic benefits of death, total and permanent disability, terminal illness and Crisis Care (if any) and Early Crisis Care (if any) or Crisis Protect (if any) and Early Crisis Protect (if any).
We decide the assurance charge for death, total and permanent disability, Crisis Care (if any) and Early Crisis Care (if any) or Crisis Protect (if any) and Early Crisis Protect (if any), after we consider:
- the assurance rates then in use,
- the sum assured or Multiplier benefit (if this applies), and
- the life assured's age at each billing.
If you are required to pay extra for medical, occupational or hazardous activities, these will be added to the assurance charge.
Unless we say otherwise, we fund the charges through the cancellation of units in your account at the bid price. However, during the No Lapse Period, the assurance charges that we bill your account will remain as amounts you owe us if you don't have enough units to pay for them.
Each month we will use the bid price on the next business day to sell proportionate units from all the PRULink funds you have invested to pay for the assurance charge. We will work out the proportionate units to sell based on the number of units still invested by you in each of the PRULink funds as at the time of the sale. How we work out and decide on the final results, is final and binding.
Please refer to Appendix A for the assurance charge.
The assurance charges for the basic benefits of death, terminal illness and total and permanent disability are guaranteed. However, we do not guarantee the assurance charges for Crisis Protect (if any) and Early Crisis Care (if any) or Crisis Care (if any) and Early Crisis Protect (if any).
### 4. Continuing Investment Charge
The continuing investment charge is deducted on a pro-rated basis at each unit pricing day throughout the year. It is included in the respective PRULink fund's price and is not an additional charge to the policy.
Please refer to the section on Fees under the respective schedules in the Fund Information Booklet for each of the PRULink funds for details.
## Exclusions:
There are certain conditions under which no benefits will be payable. These are stated in the various sections titled "What is not covered" in your policy document. You are advised to read your policy document for the full details of these exclusions
## Termination:
Your PRUActive LinkGuard policy will end once any of the following happens:
- if the policy ends in accordance with the terms and conditions of the policy;
- a claim for the death benefit is paid;
- you apply to surrender your policy and have received the surrender value;
- the life assured commits suicide within 12 months from the cover start date or date of reinstatement (if any) of your policy, and we have refunded your premiums less any withdrawals and expenses (including administrative, sales-related and medical expenses) we have had to pay on your policy;
- you cancel your policy within the review period;
- there are no or not enough units in your account to pay for your administration and assurance charges unless the No Lapse Period is effective.
We will not refund any charges deducted from your account (if any) when your PRUActive LinkGuard policy ends.
## Reports:
You will receive a statement on the performance and value of your investment-linked life policies. The statement will be issued by us annually.
The financial year-end of the PRULink fund(s) is 31 December of each year. You will receive the Semi-Annual Report and Annual Audited Report within 2 months and 3 months respectively from the last date of the period to which the report dates. The Semi-Annual Report and Annual Audited Report may also be obtained from www.prudential.com.sg.
[p.17]
## What happens if the parties involved in the PRULink funds becomes insolvent?
### Eastspring Investments (Singapore) Limited
The assets of the Funds and/or the Underlying Funds and/or Underlying Entities are held by a Custodian and/or a Trustee. The Custodian and/or Trustee shall keep these assets segregated on its books and records from its own assets and the assets of its other clients.
### Schroders Investment Management (Singapore) Limited
Securities held by the Custodian or the Trustee will be segregated from the other assets of the Fund Manager or the Investment Managers (as the case may be) and ring-fenced against the insolvency of the Fund Manager and/or the Investment Managers.
### abrdn Asia Limited
The Trustee of the Fund, the abrdn Select Portfolio, is responsible for the safe-keeping of the assets of the Underlying Fund in accordance with the trust deed of the abrdn Select Portfolio.
Under the trust deed of the abrdn Select Portfolio, if the Investment Manager, i.e. abrdn Asia Limited, goes into liquidation (except a voluntary liquidation for the purpose of reconstruction or amalgamation upon terms previously approved in writing by the Trustee) or if a receiver is appointed over any of its assets or a judicial manager is appointed in respect of the Investment Manager or if it ceases business, the Trustee may remove the Investment Manager. The Underlying Fund may also be terminated by the Trustee if the Investment Manager goes into liquidation (except a voluntary liquidation for the purpose of reconstruction or amalgamation upon terms previously approved in writing by the Trustee) or if a receiver is appointed over any of its assets or if a judicial manager is appointed in respect of the Investment Manager or if any encumbrancer takes possession of any of its assets or if it ceases business.
### JPMorgan Asset Management Limited
The Managers and/or Investment Managers use a Custodian or a Trustee to safeguard the assets of the Funds and/or the Underlying Funds.
The assets of the PRULink funds will appear in the Manager's and/or Investment Manager's books (as the case may be) as belonging to the Product Provider. The assets of the Funds and/or the Underlying Funds held by the Custodian or the Trustee will be segregated from all other assets which mitigates but does not exclude the risk of non-restitution of the assets in the case of the insolvency of the Manager and/or the Investment Manager.
### FIL Fund Management Limited
The Managers and/or Investment Managers use a Custodian or a Trustee to safeguard the assets of the Funds and/or the Underlying Funds. The assets of the PRULink fund will appear in the Underlying Fund's books (as the case may be) as belonging to the Product Provider. Securities held by the Custodian or the Trustee will be segregated from the other assets of the Fund Managers or the Investment Managers (as the case may be) which mitigates but does not exclude the risk of non-restitution of the assets in the case of the insolvency of the Manager and/or the Investment Manager.
### LaSalle Investment Management Limited
The LaSalle Global Property Fund SICAV – SIF uses a third-party Custodian to safeguard the assets of Sub-Fund I. The Sub-Fund I itself is subject to the rules and regulations of Luxembourg as a specialized investment fund. The assets of the LaSalle Global Property Fund SICAV - SIF appear on the Custodian's books as belonging to the LaSalle Global Property Fund SICAV - SIF. The PRULink fund furthermore is listed on the Custodian's books as a Sub-Fund I shareholder.
Securities held by the Custodian will be segregated from the other assets of the Portfolio Manager and Sub-Portfolio Manager (as the case may be) which mitigates but does not exclude the risk of non-restitution of the assets in the case of the insolvency of the Portfolio Manager and/or the Sub-Portfolio Manager.
### Fullerton Fund Management Company Ltd. (the "Manager")
If the Manager go into liquidation (except a voluntary liquidation for reconstruction or amalgamation upon previously approved terms) or if a receiver is appointed over any of the Manager's assets or a judicial manager is appointed in respect of the Manager, the Trustee may by notice in writing remove the Manager as Managers and appoint some other corporation as manager of the Fund and/or terminate the Fund in accordance with the Deed. If the Trustee goes into liquidation (except a voluntary liquidation for reconstruction or amalgamation) or if a receiver is appointed over any of its assets or a judicial manager is appointed in respect of the Trustee, the Manager may by notice in writing remove the Trustee and appoint another person as the new trustee of the Fund in accordance with the Deed. In the event the Custodian becomes insolvent, the Trustee may by notice in writing, terminate the custodian agreement entered into with the Custodian and, in accordance with the Deed, appoint such person as the new custodian to provide custodial services to the Fund globally.
### Prudential Assurance Company Singapore (Pte) Limited ("Prudential Singapore")
Where Prudential Singapore is the named Manager, it uses a Custodian to safeguard units held within the Funds. Units held by the Custodian will be segregated from the Custodian's own assets and the assets of its other clients. The securities of the underlying funds would be safeguarded by the respective Fund or Investment Manager's appointed Custodian or Trustee.
### PIMCO Asia Limited
PIMCO Funds: Global Investors Series plc (the "Company") is an umbrella type open-ended investment company with variable capital and with segregated liability between Funds incorporated with limited liability under the laws of Ireland and is subject to the rules and regulations of the Central Bank of Ireland.
The Company is an Irish UCITS which appointed a third party Depositary, State Street Custodial Services (Ireland) Limited to act as depositary (the "Depositary") to safeguard the assets of each Fund. The duty of the Depositary is to provide safekeeping, oversight and asset verification in respect of the assets of the Company and each Fund in accordance with the provisions of Irish law the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations, 2011 (S.I. No. 352 of 2011) and any further amendments thereto) and any regulations or notices issued by the Central Bank of Ireland pursuant thereto for the time being in force. As a matter of Irish law, any liability attributable to a particular Fund may only be discharged out of the assets of that Fund and assets of other Funds may not be used to satisfy the liability of that Fund.
### Wellington Management Company LLP
Assets of the funds are held in custody by the appointed depositary in accordance with UCITS regulation. This custody arrangement should not be impacted by the insolvency of the investment manager.
### GMO Investment Management Company (Ireland) Limited
A Depositary is responsible for the safe-keeping of the Underlying Fund's assets. The Depositary's functions include holding in custody all financial instruments that are registered directly or indirectly in the name of the Depositary in a financial instruments account and verifying the ownership of other assets and maintaining a record of the other assets for which it is satisfied that the Underlying Fund holds the ownership.
### HSBC Global Asset Management (Singapore) Limited
The assets of the UCITS are segregated from the assets of both the depositary and the manager. Therefore, the UCITS assets are protected in case of a default by the manager or the depositary.
### UOB Asset Management Limited
The Trustee shall be responsible for the safe keeping of the Deposited Property of each Sub-Fund in accordance with the provisions of the Deed and shall stand possessed of the assets of each Sub-Fund as a single common fund, separate from each of the other Sub-Funds established hereunder, upon trust for the Holders of Units relating to such Sub-Fund and any moneys forming part of the Deposited Property of such Sub-Fund shall from time to time be invested at the direction of the Managers in accordance with the provisions of the Deed provided however that nothing in this Clause shall prevent the Trustee, at the direction of the Managers, form holding an asset on behalf of one or more Sub-Funds pro-rata to the contribution made by each Sub-Fund for the acquisition of such asset.
### Amundi Singapore Limited
The Fund's depositary holds all of the Fund's assets, including its cash and securities, either directly or through other financial institutions such as correspondent banks, subsidiaries or affiliates of the depositary. All assets that can be held in custody are registered in the depositary's books in segregated accounts, opened in the name of the Fund, in respect of each Sub-Fund.
### M&G Luxembourg S.A.
The assets of the Fund are held in safekeeping by the Depositary detailed in the prospectus. In the event of the insolvency of the Manager, the Fund's assets in the safekeeping of the Depositary will not be affected. However, in the event of the Depositary's insolvency, or someone acting on its behalf, the Fund may suffer a financial loss. However, this risk is mitigated to a certain extent by the fact the Depositary is required by law to segregate its own assets from the assets of the Fund. The Depositary will also be liable to the Fund and the investors for any loss arising from, among other things, its negligence, fraud or intentional failure properly to fulfil its obligations (subject to certain limitations).
### Franklin Templeton
Templeton Asset Management Ltd is an indirectly wholly owned subsidiary of Franklin Resources, Inc., which operates as Franklin Templeton ("FT").
Franklin Templeton is made up of renowned names in the investment management industry such as Franklin, Templeton and Mutual Series and other specialized investment teams, each with its own unique investment style and specialization. FT is able to capitalize on the investment and research expertise of investment professionals worldwide to seek consistently superior performance in the long-term.
Franklin Resources, Inc., listed on the New York Stock Exchange, is currently one of the largest publicly traded U.S. asset managers in terms of both assets under management and market capitalization.
Franklin Templeton marked its presence in Singapore with the set up of a research office in 1990. Templeton Asset Management Ltd was officially incorporated in September 1992 and was registered as an Investment Advisor with the Authority under the now repealed Securities Industry Act. Templeton Asset Management Ltd currently holds a Capital Markets Services Licence for fund management issued by the Authority pursuant to the Securities and Futures Act.
Templeton Asset Management Ltd has been credited for providing innovative and creative investment products to the Singapore investing public since it pioneered Singapore's first umbrella and feeder fund, Franklin Templeton Funds, in 1996. Subsequently, it went on to launch the first emerging markets fund, the first life sciences fund and the first U.S. government securities fund in Singapore within a span of 5 years.
Templeton Asset Management Ltd has been managing collective investment schemes since 1992.
Franklin Templeton International Services S.à r.l. or, where relevant, the members of the Management Company's board of managers may terminate any Investment Manager with immediate effect, in the event of the insolvency of such Investment Manager.
[p.20]
## What is the impact of early surrender?
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.
## Premiums:
PRUActive LinkGuard is not a Medisave-approved policy and you may not use Medisave to pay the premium for this policy.
## Note:
Life insurance is a contract of utmost good faith and a Proposer is required to disclose in the proposal form fully and faithfully all the facts, which he/she knows or ought to know, as otherwise the policy issued may be void.
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. Investment products are subject to investment risks including the possible loss of the principal amount invested. The value of the units and the income accruing to the units (if any) may fall or rise. Buying health insurance products that are not suitable for you may impact your ability to finance your future healthcare needs.
Please refer to the exact terms and conditions, specific details and exclusions applicable to these insurance products in the policy document. We reserve the right to change, introduce new options or at our discretion withdraw the options offered, change the charges, as we consider appropriate.
## Free Look Period:
After purchasing a life insurance policy, you have a 14-day free-look period - starting from the day you receive your policy documents to review the documents carefully. During this time, if you choose to cancel your policy, we will refund you the premiums you have paid (without interest), less any medical fees and other expenses, such as payments for medical check-ups and medical reports, incurred by us. We use a premium refund formula as determined by us to work out the amount to be refunded.
As your policy is an investment-linked life policy, we will, in determining the amount that is payable to you, additionally be entitled to adjust the amount to reflect the change in market value of the underlying assets.
If we make your policy document and all other documents from us available electronically via our secure online portal on our website, we consider they have been delivered and received when you receive the relevant SMS or email telling you that the documents are accessible on this portal. Otherwise, we consider your policy and all other documents from us as delivered and received seven days from the date of posting to the last-known address you gave us.
If you decide this policy is not suitable for your needs, simply write to us within the 14-day free-look period.
[p.21]
# Appendix A – Assurance charges
## Charges for Death, Total and Permanent Disability and Terminal Illness Benefits
(per $1,000 Sum-at-Risk, per annum)
Monthly Modal Factor: 0.0834
| AGE* | MS | MNS | FS | FNS |
|---|---|---|---|---|
| 1 | 0.48 | 0.48 | 0.46 | 0.46 |
| 2 | 0.48 | 0.48 | 0.46 | 0.46 |
| 3 | 0.48 | 0.48 | 0.46 | 0.46 |
| 4 | 0.48 | 0.48 | 0.46 | 0.46 |
| 5 | 0.48 | 0.48 | 0.46 | 0.46 |
| 6 | 0.48 | 0.48 | 0.46 | 0.46 |
| 7 | 0.48 | 0.48 | 0.46 | 0.46 |
| 8 | 0.48 | 0.48 | 0.46 | 0.46 |
| 9 | 0.48 | 0.48 | 0.46 | 0.46 |
| 10 | 0.48 | 0.48 | 0.46 | 0.46 |
| 11 | 0.50 | 0.50 | 0.49 | 0.49 |
| 12 | 0.59 | 0.59 | 0.58 | 0.58 |
| 13 | 0.66 | 0.66 | 0.65 | 0.65 |
| 14 | 0.66 | 0.66 | 0.65 | 0.65 |
| 15 | 0.66 | 0.66 | 0.65 | 0.65 |
| 16 | 0.66 | 0.66 | 0.65 | 0.65 |
| 17 | 0.66 | 0.66 | 0.65 | 0.65 |
| 18 | 0.66 | 0.66 | 0.65 | 0.65 |
| 19 | 0.67 | 0.67 | 0.65 | 0.65 |
| 20 | 0.68 | 0.67 | 0.66 | 0.65 |
| 21 | 0.68 | 0.67 | 0.66 | 0.65 |
| 22 | 0.68 | 0.67 | 0.66 | 0.65 |
| 23 | 0.68 | 0.67 | 0.66 | 0.65 |
| 24 | 0.68 | 0.67 | 0.66 | 0.65 |
| 25 | 0.68 | 0.67 | 0.66 | 0.65 |
| 26 | 0.68 | 0.67 | 0.66 | 0.65 |
| 27 | 0.68 | 0.67 | 0.66 | 0.65 |
| 28 | 0.68 | 0.67 | 0.66 | 0.65 |
| 29 | 0.68 | 0.67 | 0.66 | 0.65 |
| 30 | 0.68 | 0.67 | 0.66 | 0.65 |
| 31 | 0.68 | 0.67 | 0.66 | 0.65 |
| 32 | 0.68 | 0.67 | 0.66 | 0.65 |
| 33 | 0.68 | 0.67 | 0.66 | 0.65 |
| 34 | 0.72 | 0.67 | 0.66 | 0.65 |
| 35 | 0.77 | 0.67 | 0.66 | 0.65 |
| 36 | 0.83 | 0.66 | 0.67 | 0.65 |
| 37 | 0.90 | 0.71 | 0.69 | 0.67 |
| 38 | 0.99 | 0.76 | 0.74 | 0.68 |
| 39 | 1.09 | 0.81 | 0.80 | 0.70 |
| 40 | 1.21 | 0.87 | 0.87 | 0.74 |
| 41 | 1.34 | 0.93 | 0.96 | 0.77 |
| 42 | 1.49 | 1.04 | 1.07 | 0.84 |
| 43 | 1.65 | 1.14 | 1.18 | 0.91 |
| 44 | 1.85 | 1.27 | 1.32 | 1.02 |
| 45 | 2.03 | 1.40 | 1.47 | 1.13 |
| 46 | 2.26 | 1.57 | 1.63 | 1.25 |
| 47 | 2.51 | 1.74 | 1.81 | 1.40 |
| 48 | 2.79 | 1.89 | 2.01 | 1.46 |
| 49 | 3.08 | 2.03 | 2.23 | 1.58 |
| 50 | 3.42 | 2.28 | 2.47 | 1.71 |
| 51 | 3.78 | 2.53 | 2.74 | 1.89 |
| 52 | 4.18 | 2.77 | 3.04 | 2.07 |
| 53 | 4.63 | 3.07 | 3.35 | 2.30 |
| 54 | 5.11 | 3.40 | 3.70 | 2.55 |
| 55 | 5.68 | 3.74 | 4.07 | 2.80 |
| 56 | 6.52 | 4.14 | 4.48 | 3.09 |
| 57 | 7.49 | 4.54 | 4.92 | 3.40 |
| 58 | 8.55 | 4.99 | 5.38 | 3.73 |
| 59 | 9.66 | 5.35 | 5.94 | 4.12 |
| 60 | 10.83 | 5.72 | 6.53 | 4.54 |
| 61 | 12.05 | 6.26 | 7.13 | 4.97 |
| 62 | 13.34 | 6.89 | 8.26 | 5.44 |
| 63 | 14.67 | 7.57 | 9.69 | 5.96 |
| 64 | 16.10 | 8.33 | 11.07 | 6.51 |
| 65 | 17.70 | 9.15 | 12.48 | 7.11 |
| 66 | 19.52 | 10.09 | 13.91 | 7.84 |
| 67 | 21.53 | 11.14 | 15.46 | 8.72 |
| 68 | 23.81 | 12.30 | 17.19 | 9.69 |
| 69 | 26.27 | 13.58 | 19.09 | 10.77 |
| 70 | 28.94 | 14.97 | 21.14 | 11.93 |
| 71 | 29.71 | 15.36 | 21.69 | 12.24 |
| 72 | 30.48 | 15.75 | 22.24 | 12.56 |
| 73 | 33.57 | 17.36 | 24.32 | 13.74 |
| 74 | 37.00 | 19.13 | 26.66 | 15.06 |
| 75 | 40.61 | 21.00 | 29.10 | 16.43 |
| 76 | 44.45 | 23.01 | 31.79 | 18.40 |
| 77 | 48.16 | 25.26 | 34.29 | 20.85 |
| 78 | 52.10 | 27.71 | 36.97 | 22.77 |
| 79 | 56.31 | 30.38 | 39.84 | 24.91 |
| 80 | 60.79 | 33.27 | 42.92 | 27.21 |
| 81 | 65.58 | 36.40 | 46.22 | 29.74 |
| 82 | 70.65 | 39.81 | 49.73 | 32.48 |
| 83 | 76.04 | 43.49 | 53.43 | 35.42 |
| 84 | 81.72 | 47.45 | 57.29 | 38.57 |
| 85 | 87.72 | 51.73 | 61.25 | 41.88 |
| 86 | 93.99 | 56.30 | 65.20 | 45.29 |
| 87 | 100.49 | 61.17 | 69.00 | 48.73 |
| 88 | 107.17 | 66.31 | 72.52 | 52.06 |
| 89 | 113.93 | 71.68 | 75.68 | 55.26 |
| 90 | 120.72 | 77.25 | 78.54 | 58.34 |
| 91 | 127.57 | 83.04 | 82.42 | 61.53 |
| 92 | 134.68 | 89.18 | 90.40 | 65.26 |
| 93 | 142.36 | 95.84 | 98.94 | 72.59 |
| 94 | 150.97 | 103.35 | 108.07 | 79.33 |
| 95 | 160.89 | 112.04 | 119.94 | 87.53 |
| 96 | 172.48 | 127.02 | 135.40 | 95.24 |
| 97 | 185.99 | 144.69 | 152.70 | 112.86 |
| 98 | 201.42 | 159.50 | 172.08 | 136.00 |
| 99 | 218
---
### https://lifeinsurance.com.sg/api/product/prudential/pruactive-retirement-ii/summary.md
# PRUActive Retirement
II
**Insurer:** Prudential Singapore (Prudential Assurance Company Singapore (Pte) Limited)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/199002477Z/PRUActive%20Retirement%20II%20Summary.pdf
## Source wording
- **Effective from:** (not stated in document)
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/199002477Z/PRUActive%20Retirement%20II%20Summary.pdf
- **PDF sha256:** `a172ab94b13e8afaddcc85592ed97aa77d9abb1654d77aa8c23fa21ee6ec5b1d`
- **Extraction confidence:** verified
## Extracted facts
### riders
```json
[
{
"name": "Accidental Disability Benefit",
"rider_type": "tpd",
"description": "If the life assured becomes totally and permanently disabled because of an accident before the cover end date of the Accidental Disability Benefit as shown in your certificate of life assurance, we pay an extra monthly instalment which is equal to the guaranteed monthly income (Disability Monthly Income) up to a maximum amount of $6,250 for each disability monthly income instalment. We pay this Disability Monthly Income from the next month following the date of disability until the maturity of the policy or when the life assured dies, whichever event happens first. If the policy has a regular Premium Payment Term, and when the disability of the life assured because of an accident is confirmed, we will waive any future premiums due on your policy.",
"source_page": 4,
"available_at_inception": true,
"available_after_inception": false
},
{
"name": "Surviving Spouse Benefit",
"rider_type": "other",
"description": "An optional benefit available on a policy that has a husband and wife as joint owners of the policy. Should the Main Life Assured die after the premium payment term, the policy will continue on the life of the Successor Life Assured (the spouse) rather than paying out the Death Benefit. You are allowed to appoint or change the spouse as the Successor Life Assured up to 3 times throughout the policy term.",
"source_page": 5,
"available_at_inception": true,
"available_after_inception": true
}
]
```
### free look
```json
{
"period_days": 14,
"source_page": 11,
"refund_basis": "we will refund you the premiums you have paid (without interest), less any medical fees and other expenses, such as payments for medical check-ups and medical reports, incurred by us."
}
```
### exclusions
```json
[
{
"text": "If the life assured dies from suicide within 12 months from the cover start date of your policy or from the date of reinstatement (if any), we will void your policy, we cancel it and refund the total premiums received from you.",
"source_page": 3
},
{
"text": "If the life assured dies from a pre-existing Condition within 12 months from the cover start date of your policy or from the date of reinstatement (if any), we will refund the total premiums received from you.",
"source_page": 3
},
{
"text": "We do not pay Accidental Disability Benefit if the disability existed at the cover start date or date of reinstatement (if any) of this benefit and if the accidental disability of the life assured arises directly or indirectly out of one of the following: From war, riot, revolution or any similar event; From terrorism involving nuclear, biological or chemical agents; From illnesses or diseases of any kind, including fits, hernia, venereal disease, acquired immunodeficiency syndrome (AIDS) or food poisoning; From illnesses or diseases as a result of bites from, or contact with, an animal or insect, if they are infected by, or is a carrier of, illnesses or diseases; From a physical or mental condition which existed at the cover start date or date of reinstatement (if any) of this benefit; Accidents arising and due to pregnancy or confinement and related complications; Deliberate acts such as taking intoxicating liquor or drugs, committing suicide or attempted suicide or deliberate self-injury while sane or insane; Unlawful acts or deliberate and reckless exposure to unnecessary danger except in trying to save a human life; Any injury suffered while the life assured is committing or is attempting to commit an offence or is resisting arrest; injuries as a result of committing, attempting or provoking an assault; From a state of unsound mind; Taking part in a dangerous activity or sports unless carried out legally under the supervision of a licensed organisation; Taking part in professional or competitive sports if the life assured would or could earn income or pay from doing so; Being in an aircraft of any type, or boarding or getting off any aircraft, except as a fare-paying passenger in an aircraft that is on a regular scheduled route operated by a commercial airline; Radiation or contamination from radioactivity; Racing of all kinds, other than on foot or bicycle; Taking part in commando or bomb-disposal duties or training, active military duties such as maintaining civil order, taking part in hostilities, whether war is declared or not, and travel by military aircraft or waterborne vessel.",
"source_page": 4
}
]
```
### mwpa trust
```json
{
"notes": "You cannot appoint a Successor Life Assured if your policy already has a nomination of beneficiary or a trust has been created under your policy.",
"available": false,
"source_page": 5
}
```
### cash values
```json
{
"has_cash_value": true,
"non_guaranteed_bonus": {
"text": "Non-guaranteed benefits are in the form of Reversionary Bonus, Performance Bonus, Non-Guaranteed Monthly Income and Maturity Bonus which are NOT guaranteed and will vary according to the future experience of the participating fund.",
"available": true,
"bonus_types": [
"reversionary",
"terminal",
"other"
],
"source_page": 7,
"par_fund_name": "Par Retirement SGD Sub-fund (PRSF)"
},
"guaranteed_surrender_value": {
"basis": "The surrender value is available after 36 months from your first premium due date and you have paid premiums for 36 months. For PRUActive Retirement II policy of a single premium payment, we give you an immediate surrender value. The guaranteed surrender value plus non-guaranteed surrender value will be payable upon surrender of your policy.",
"available": true,
"source_page": 5
}
}
```
### policy loan
```json
{
"available": true,
"source_page": 5,
"interest_basis": "non-guaranteed loan interest will be charged"
}
```
### grace period
```json
{
"days": 30,
"source_page": 11
}
```
### product type
```json
"endowment"
```
### policy basics
```json
{
"maximum_entry_age": {
"basis": "as-stated",
"years": 65,
"source_page": 4
},
"minimum_entry_age": {
"basis": "as-stated",
"years": 18,
"source_page": 4
},
"maximum_coverage_age": {
"basis": "as-stated",
"years": 90,
"source_page": 1
}
}
```
### premium terms
```json
{
"cpf_eligible": {
"srs": true,
"notes": "If you bought your Policy using your SRS funds, your Policy is subject to the terms and conditions of the Supplementary Retirement Scheme which shall overrule these terms and conditions in the event of any conflict or inconsistency. PRUActive Retirement II is not a Medisave-approved policy and you may not use Medisave to pay the premium for this policy.",
"source_page": 11,
"special_account": false,
"ordinary_account": false
},
"payment_modes": [
"single",
"annual",
"semi-annual",
"quarterly",
"monthly"
],
"premium_term_options": [
{
"label": "single premium or regular pay (4 years up to chosen Payout Age)",
"description": "Choice of Premium Payment Term from single premium or over 4 years up to your chosen Payout Age",
"source_page": 1
}
],
"premium_review_clause": {
"text": "The premium rate for the basic plan is guaranteed.",
"reviewable": false,
"source_page": 11
}
}
```
### non forfeiture
```json
{
"paid_up": {
"text": "Not mentioned in this document.",
"available": false
},
"source_page": 5,
"extended_term": {
"text": "Not mentioned in this document.",
"available": false
},
"automatic_premium_loan": {
"text": "Automatic Premium Loan is available. Please note that taking these loans will reduce the long term value of the policy. For automatic premium loan, a non-guaranteed loan interest will be charged. Note: Automatic Premium Loan is not applicable to single premium policy.",
"available": true
}
}
```
### suicide clause
```json
{
"source_page": 3,
"payout_within_period": "If the life assured dies from suicide within 12 months from the cover start date of your policy or from the date of reinstatement (if any), we will void your policy, we cancel it and refund the total premiums received from you. We will deduct any policy loans (including interest), automatic premium loans (including interest), surgical and nursing loans and all other amounts you owe us in connection with your policy and expenses (including administrative, sales-related and medical expenses) we have had to pay for your policy.",
"exclusion_period_months": 12
}
```
### document metadata
```json
{
"wording_version": "Version 07/2025",
"product_full_name": "PRUActive Retirement II",
"insurer_legal_entity": "Prudential Assurance Company Singapore (Pte) Limited (Reg. No 199002477Z)",
"document_published_date": "07/2025"
}
```
---
*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.*
---
### https://lifeinsurance.com.sg/api/product/prudential/pruactive-retirement-ii/wording.md
# PRUActive Retirement II
**Product Summary**
[p.1]
**Prepared by:** «masLicenseNo» WA_AR7_007 E. & O.E 0
**Underwritten by:** Prudential Assurance Company Singapore (Pte) Limited (Reg. No 199002477Z)
---
## Product Summary: PRUActive Retirement II
This Product Summary and Policy Illustration are for illustrative purposes only and shall not constitute a contract. The following is a simplified description of the key product features. The exact terms can be found in the policy document. "Your Guide to Participating Policies", which contains generic but important information on how a participating plan typically works and how bonuses are determined in general, is available on our website, www.prudential.com.sg. Alternatively, you may approach a representative of either Prudential Singapore or a distributor duly appointed by Prudential Singapore for a copy of the guide.
### Details of Plan Provider
Prudential Assurance Company Singapore (Pte) Limited ("Prudential Singapore"), 30 Cecil Street, #30-01 Prudential Tower, Singapore 049712. Tel: 1800 - 333 0 333.
Prudential Singapore is responsible for the product features and contractual provisions and these will be explained to you by a representative of either Prudential Singapore or a distributor duly appointed by Prudential Singapore.
This policy and its Supplementary benefit(s) (if any) is/are 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 your insurer or visit the General Insurance Association (GIA) /Life Insurance Association (LIA) or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).
The Proposer acknowledges receipt of all the pages of the Product Summary for the Main plan and Supplementary benefits (where applicable). The contents have been explained to his/her satisfaction.
### Aggregation rule
The aggregate premiums payable for selected plans* per life assured issued in the past 24 months cannot exceed S$15 million (or equivalent). The calculation is based on the total committed premiums of the product, excluding premiums for supplementary benefits (if any) (e.g. 10 x annual premium for a 10-year premium term product, or full single premium for a single premium product). US dollar denominated policies will be aggregated after applying an exchange rate of US$1 to S$1.40 on the premiums payable. We reserve the right to review/vary this rate.
*Please find the full list of selected plans at www.prudential.com.sg
### Nature and Objective of the Plan
PRUActive Retirement II is a participating endowment insurance plan. The plan provides a stream of Monthly Income benefit during the Payout Period which starts from the policy anniversary immediately before the life assured attains the selected Payout Age. The plan provides the following choices:
- Choice of Premium Payment Term from single premium or over 4 years up to your chosen Payout Age;
- Choice of Payout Age from age 50 to age 90;
- Choice of Payout Period from 10, 15, 20, 25 or 30 years.
The plan allows the policyowner to participate in the performance of the participating fund in the form of non-guaranteed bonuses and Non-Guaranteed Monthly Income.
This plan can be taken out on a single life assured up to a maximum of two policyowners. Joint Ownership will be on a joint tenancy basis. In a Joint Ownership policy, when one policyowner dies, the policy will automatically be transferred to the surviving owner. If both policyowners die at the same time, ownership of the policy will vest in the estate of the younger of the two policyowners.
PRUActive Retirement II is an 8th series product. The series defines the premium rates and bonus features of the product.
---
[p.2]
The example set out below is for illustration only. Premium Payment Term, Accumulation Period, Payout Period and Monthly Income payments will vary according to your policy.
**Example: Mr Tan who is 45 years old chose a Premium Payment Term of 10 years, the Payout Age of 60 and the Payout Period until he is 75 years.**
After the Premium Payment Term, the policy carries on until the selected Payout Age, this period is known as the "Accumulation Period". This is followed by the "Payout Period" commencing immediately after the Accumulation Period during which the Monthly Income Benefit are paid out. Choice of Premium Payment Term, Payout Age and Payout Period must be selected during policy application.
```
Premium Payment Term: 10 years
Accumulation Period: 5 years
Payout Period: 15 years
Age 45 → Age 55 → Age 60 → Maturity date Age 75
Start Receiving Monthly Income Benefit
```
---
[p.3]
## Benefits under the Plan
### What is Face Value?
The Face Value is not the sum assured of your policy. The Face Value is a notional value used to determine the Reversionary Bonus, Performance Bonus and Monthly Income Benefit.
### What do we pay for Death Benefit?
If the life assured dies before the Payout Period, we will pay the higher of:
- 101% of the surrender value at the time of death; or
- 105% of the total premiums paid at the time of death (but not premiums paid for supplementary benefits, if any), less any bonus you surrendered.
If the life assured dies during the Payout Period, we will pay the higher of:
- 101% of the surrender value at the time of death; or
- 105% of the total premiums paid at the time of death (but not premiums paid for supplementary benefits, if any), less all guaranteed monthly income instalments that have been paid at the time of death,
plus any Monthly Income that you have left with us together with interest.
We will deduct from the Death Benefit payable any:
- amounts that you owe us;
- overpaid monthly income because you were late in letting us know of the death of the life assured; and
- overpaid disability monthly income because you were late in letting us know of the death of the life assured.
The whole policy automatically ends once a death claim is paid.
### What is not covered under Death Benefit?
If the life assured dies from suicide within 12 months from the cover start date of your policy or from the date of reinstatement (if any), we will void your policy, we cancel it and refund the total premiums received from you. We will deduct any policy loans (including interest), automatic premium loans (including interest), surgical and nursing loans and all other amounts you owe us in connection with your policy and expenses (including administrative, sales-related and medical expenses) we have had to pay for your policy.
If the life assured dies from a pre-existing Condition within 12 months from the cover start date of your policy or from the date of reinstatement (if any), we will refund the total premiums received from you. We will deduct any policy loans (including interest), automatic premium loans (including interest), surgical and nursing loans and all other amounts you owe us in connection with your policy and expenses (including administrative, sales-related and medical expenses) we have had to pay for your policy.
"Pre-existing Condition" is the existence of any signs or symptoms for which the life assured received or asked for treatment, medication, consultation, advice or diagnosis or would have caused an ordinary sensible person to get treatment, diagnosis or cure, before the cover start date or date of reinstatement (if any) of this benefit.
### What do we pay for Monthly Income Benefit?
Monthly Income Benefit consists of a guaranteed portion ("Guaranteed Monthly Income"), and a non-guaranteed portion ("Bonus Income", "Step-up Income" and "Non-Guaranteed Monthly Income").
Guaranteed Monthly Income is paid to you regardless of the performance of the participating fund.
At the start of the Payout Period, the reversionary bonuses built up until this point will be converted to form the Bonus Income. This Bonus Income becomes guaranteed on conversion and is paid throughout the Payout Period.
Non-Guaranteed Monthly Income is declared yearly during the Payout Period and will depend on the performance of the participating fund. Once declared, it is guaranteed.
Step-up Income is made up of the Non-Guaranteed Monthly Income that were declared from past years. Once declared, the Step-up Income is guaranteed and is paid in addition to the Bonus Income and Non-guaranteed Monthly Income throughout the Payout Period.
The Monthly Income Benefit is paid to you every month throughout the Payout Period starting on the policy anniversary immediately before the life assured reaches the chosen Payout Age and ending on the maturity date.
You can choose to receive the Monthly Income or leave the Monthly Income with us to accumulate in value anytime during the policy term. If you choose to leave the Monthly Income with us, an annual non-guaranteed accumulation interest rate will be applied on the accumulated Monthly Income. We reserve the right to vary the interest rate but will not do so before giving you 30 days' written notice. Interest accrues on a daily basis. On each Policy Anniversary, we add the previous year's interest to your accumulated Monthly Income and credit interest on the total amount. You can make withdrawals from this accumulated amount any time before the maturity date of your policy subject to terms and conditions.
If there is any outstanding loan amount in the policy at the start of the Payout Period, we will use the surrender value to repay the loan amount before we pay you any Monthly Income. This will reduce your surrender value and the future Monthly Income instalments which will also reduce the total premiums paid. We use the revised total premiums paid to work out the death benefit.
### Option to change the length of the Payout Period
You can choose to change the length of your Payout Period. This will result in higher Monthly Income instalments for a shorter Payout Period and likewise, lower Monthly Income instalments for a longer Payout Period. Your premium amount and Premium Payment Term will not change.
You can change the length of the Payout Period:
- any time until two months before the start of your payout period. Your Payout Age remains unchanged.
- only if your Monthly Income payments have not started. Once your Monthly Income payments have started, this option is no longer available.
The change you make must be in number of years and not months. The Payout Period must be from 10, 15, 20, 25 or 30 years.
---
[p.4]
### What do we pay for Accidental Disability Benefit?
If the life assured becomes totally and permanently disabled because of an accident before the cover end date of the Accidental Disability Benefit as shown in your certificate of life assurance, we pay an extra monthly instalment which is equal to the guaranteed monthly income (Disability Monthly Income) up to a maximum amount of $6,250 for each disability monthly income instalment. We pay this Disability Monthly Income from the next month following the date of disability until the maturity of the policy or when the life assured dies, whichever event happens first. We pay on the same date each month as the scheduled monthly income instalment payout date.
If the Disability Monthly Income instalments have started and you choose to change your Monthly Income Payout Period, the following will apply:
- if you lengthen your Monthly Income Payout Period, we will pay your Disability Monthly Income up to the end date of the Monthly Income Payout Period at the point we pay your first Disability Monthly Income instalment;
- if you shorten your Monthly Income Payout Period, we will pay your Disability Monthly Income up to the end date of the new Monthly Income Payout Period,
- the Disability Monthly Income instalment amounts will not change.
If your policy has a regular Premium Payment Term, and when the disability of the life assured because of an accident is confirmed, we will waive any future premiums due on your policy. Premiums for any supplementary benefits are not included.
If the life assured stops being totally and permanently disabled, we stop the waiver of any premiums due and the Disability Monthly Income instalments.
For a life assured whose age is from age 18 to 65 years, we pay when the life assured is totally and permanently disabled as a result of which they:
- cannot take part in any occupation, business or activity which pays an income; or
- suffer total and permanent loss of use of:
- both eyes; or
- any two limbs, each above the wrist or ankle but not just the hands and feet; or
- one eye and any one limb at or above the wrist or ankle but not just the hand or foot.
For a life assured whose age is from age 66 to policy anniversary before age 70 next birthday or cover end date, whichever is earlier, we pay when the life assured is totally and permanently disabled as a result of which they:
- suffer total and permanent loss of use of:
- both eyes; or
- any two limbs each above the wrist or ankle but not just the hands and feet; or
- one eye and any one limb at or above the wrist or ankle but not just the hand or foot, or
- are unable to perform (whether with help or without help) at least three of the following six Activities of Daily Living for at least six months in a row.
**Activities of Daily Living:**
- **Washing** - the ability to wash in the bath or shower (including getting into and out of the bath or shower) or wash satisfactorily by other means;
- **Dressing** - the ability to put on, take off, secure and unfasten all garments and, as appropriate, any braces, artificial limbs or other surgical or medical appliances;
- **Feeding** - the ability to feed oneself once food has been prepared and made available
- **Toileting** - the ability to use the lavatory or manage bowel and bladder functions through the use of protective undergarments or surgical appliances, if appropriate;
- **Mobility** - the ability to move indoors from room to room on level surfaces;
- **Transferring** - the ability to move from a bed to an upright chair or wheelchair and vice versa.
The above is the definition of Totally and Permanently Disabled.
We will pay this benefit six months after the confirmed onset of total and permanent disability (Deferment Period) by a registered medical practitioner.
The Deferment Period does not apply if the life assured suffers:
- total and permanent blindness in both eyes as confirmed by an ophthalmologist;
- physical loss of any two limbs, each above the wrist or ankle but not just the hands and feet; or
- total and permanent blindness in one eye as confirmed by an ophthalmologist and the physical loss of any one limb at or above the wrist or ankle but not just the hand or foot.
The disability must be confirmed by a registered medical practitioner.
We can ask for a medical examination to be carried out by a medical practitioner registered with the Singapore Medical Council if we decide the medical reports you give us are not enough for our purposes.
If the life assured becomes totally and permanently disabled from other causes and not by an accident, and has made a successful claim from any disability supplementary benefit attached, this benefit will no longer apply and will end.
We will pay the Disability Monthly Income if the life assured became totally and permanently disabled because of an accident within 12 calendar months from the date of the accident.
We will not accept any claim for this benefit if the life assured has already died at the time of the claim. We will pay the death benefit instead.
### What is not covered under Accidental Disability Benefit?
We do not pay if the disability existed at the cover start date or date of reinstatement (if any) of this benefit and if the accidental disability of the life assured arises directly or indirectly out of one of the following:
- From war, riot, revolution or any similar event.
- From terrorism involving nuclear, biological or chemical agents.
- From illnesses or diseases of any kind, including fits, hernia, venereal disease, acquired immunodeficiency syndrome (AIDS) or food poisoning.
- From illnesses or diseases as a result of bites from, or contact with, an animal or insect, if they are infected by, or is a carrier of, illnesses or diseases.
- From a physical or mental condition which existed at the cover start date or date of reinstatement (if any) of this benefit;
- Accidents arising and due to pregnancy or confinement and related complications.
- Deliberate acts such as taking intoxicating liquor or drugs, committing suicide or attempted suicide or deliberate self-injury while sane or insane.
- Unlawful acts or deliberate and reckless exposure to unnecessary danger except in trying to save a human life.
- Any injury suffered while the life assured is committing or is attempting to commit an offence or is resisting arrest.
- injuries as a result of committing, attempting or provoking an assault.
- From a state of unsound mind.
- Taking part in a dangerous activity or sports unless carried out legally under the supervision of a licensed organisation.
- Taking part in professional or competitive sports if the life assured would or could earn income or pay from doing so.
- Being in an aircraft of any type, or boarding or getting off any aircraft, except as a fare-paying passenger in an aircraft that is on a regular scheduled route operated by a commercial airline.
---
[p.5]
- Radiation or contamination from radioactivity.
- Racing of all kinds, other than on foot or bicycle.
- Taking part in commando or bomb-disposal duties or training, active military duties such as maintaining civil order, taking part in hostilities, whether war is declared or not, and travel by military aircraft or waterborne vessel. (This exclusion overrides all other terms and conditions relating to military services.)
- An activity under the special exclusions and special terms and conditions shown in your certificate of life assurance.
### What is Surviving Spouse Benefit?
The Surviving Spouse Benefit is an optional benefit that is available on a policy that has a husband and wife as joint owners of the policy. This would mean one of the policyowners is the Main Life Assured, and the other policyowner will be the Successor Life Assured.
Should the Main Life Assured die during the premium payment term, the Surviving Spouse Benefit will not take effect and we will pay out the Death Benefit.
Should the Main Life Assured die after the premium payment term, we will not pay out the Death Benefit as the policy will now continue on the life of the Successor Life Assured.
You are allowed to appoint or change the spouse as the Successor Life Assured up to 3 times throughout the policy term.
All supplementary benefits will terminate when the Surviving Spouse Benefit takes effect. No supplementary benefits are allowed on the policy once the Successor Life Assured becomes the new life assured.
The Disability Monthly Income will terminate when the Surviving Spouse Benefit is activated.
To apply for the Surviving Spouse Benefit, you must use our appropriate application form and meet the conditions on it. We will let you know if we accept your application.
You cannot appoint a Successor Life Assured if your policy already has a nomination of beneficiary or a trust has been created under your policy.
### What do we pay for Maturity Benefit?
On the maturity date of your policy, we pay the Maturity Benefit which consists of:
- the last instalment of the Monthly Income; and
- a maturity bonus,
less any amounts you owe us.
We will also pay you any Monthly Income that you have left with us together with interest.
### What is surrender value?
The guaranteed surrender value plus non-guaranteed surrender value will be payable upon surrender of your policy.
The surrender value is available after 36 months from your first premium due date and you have paid premiums for 36 months.
For PRUActive Retirement II policy of a single premium payment, we give you an immediate surrender value.
### What is the impact of early surrender?
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. Please refer to the Table of Deductions in the Policy Illustration for more information and to understand the loss or low returns on surrendering the plan early.
### What are the other features available under PRUActive Retirement II?
- Automatic Premium Loan, Policy Loan, Surgical & Nursing Loan are available. Please note that taking these loans will reduce the long term value of the policy. For automatic premium loan and policy loan, a non-guaranteed loan interest will be charged.
- If the policy has a surrender value, the policyowner can apply to surrender part or all of the Reversionary Bonus that we have added to the policy for a cash value. Please note that this will reduce the long term value of the policy.
Note: Automatic Premium Loan is not applicable to single premium policy.
Please refer to the policy document for the exact terms and conditions of these additional features.
---
[p.6]
### What is Surviving Spouse Benefit?
The Surviving Spouse Benefit is an optional benefit that is available on a policy that has a husband and wife as joint owners of the policy. This would mean one of the policyowners is the Main Life Assured, and the other policyowner will be the Successor Life Assured.
Should the Main Life Assured die during the premium payment term, the Surviving Spouse Benefit will not take effect and we will pay out the Death Benefit.
Should the Main Life Assured die after the premium payment term, we will not pay out the Death Benefit as the policy will now continue on the life of the Successor Life Assured.
You are allowed to appoint or change the spouse as the Successor Life Assured up to 3 times throughout the policy term.
All supplementary benefits will terminate when the Surviving Spouse Benefit takes effect. No supplementary benefits are allowed on the policy once the Successor Life Assured becomes the new life assured.
The Disability Monthly Income will terminate when the Surviving Spouse Benefit is activated.
To apply for the Surviving Spouse Benefit, you must use our appropriate application form and meet the conditions on it. We will let you know if we accept your application.
You cannot appoint a Successor Life Assured if your policy already has a nomination of beneficiary or a trust has been created under your policy.
### What do we pay for Maturity Benefit?
On the maturity date of your policy, we pay the Maturity Benefit which consists of:
- the last instalment of the Monthly Income; and
- a maturity bonus,
less any amounts you owe us.
We will also pay you any Monthly Income that you have left with us together with interest.
### What is surrender value?
The guaranteed surrender value plus non-guaranteed surrender value will be payable upon surrender of your policy.
The surrender value is available after 36 months from your first premium due date and you have paid premiums for 36 months.
For PRUActive Retirement II policy of a single premium payment, we give you an immediate surrender value.
### What is the impact of early surrender?
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. Please refer to the Table of Deductions in the Policy Illustration for more information and to understand the loss or low returns on surrendering the plan early.
### What are the other features available under PRUActive Retirement II?
- Automatic Premium Loan, Policy Loan, Surgical & Nursing Loan are available. Please note that taking these loans will reduce the long term value of the policy. For automatic premium loan and policy loan, a non-guaranteed loan interest will be charged.
- If the policy has a surrender value, the policyowner can apply to surrender part or all of the Reversionary Bonus that we have added to the policy for a cash value. Please note that this will reduce the long term value of the policy.
Note: Automatic Premium Loan is not applicable to single premium policy.
Please refer to the policy document for the exact terms and conditions of these additional features.
---
[p.7]
## Non-guaranteed benefits
The benefits under this plan are made up of guaranteed and non-guaranteed benefits. The guaranteed benefits, including bonuses which have already been allocated to the participating policyowners will be paid regardless of the performance of the participating fund. Non-guaranteed benefits are in the form of Reversionary Bonus, Performance Bonus, Non-Guaranteed Monthly Income and Maturity Bonus which are NOT guaranteed and will vary according to the future experience of the participating fund.
The non-guaranteed benefits in this section are based on the illustrated Investment Rate of Returns of the Participating Fund at 4.00% per annum. Please note that the actual non-guaranteed benefits that may be declared in the future may turn out to be higher or lower than illustrated in this section.
In comparison, at an illustrated Investment Rate of Return of 2.75% per annum, the non-guaranteed benefits are expected to be adjusted downwards depending on the future outlook of the Participating Fund.
Please refer to the policy illustration for the non-guaranteed benefits amount at the illustrated Investment Rate of Return of 2.75% per annum and 4.00% per annum 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.
### Reversionary Bonus
This is a yearly bonus that we add to the policy benefits from the start of the calendar year after the policy's second anniversary until the start of the calendar year before the Payout Period starts. Once declared, it will form part of the guaranteed benefits of the plan. At the start of the Payout Period, we will convert the accumulated Reversionary Bonuses to form part of the Monthly Income Benefit.
The Reversionary Bonus rate is illustrated to be $8.50 per $1,000 Face Value and $19 per $1,000 on accumulated Reversionary Bonuses.
### Performance Bonus
This is a one-off bonus which is a percentage of the accumulated Reversionary Bonuses. It may be paid when you surrender your policy or when we pay a claim for any of the basic benefits of your policy before the Payout Period. The amount will vary depending on the end date of your policy.
### Bonus Income, Step-up Income and Non-Guaranteed Monthly Income
At the start of Payout Period, the reversionary bonuses accumulated up to the start of the Payout Period are converted to form the Bonus Income. The Bonus Income becomes guaranteed upon conversion and is paid throughout the Payout Period.
Non-Guaranteed Monthly Income is declared yearly during the Payout Period. Once declared, it is guaranteed and is added to the Step-up Income. The Bonus Income, Step-up Income and Non-Guaranteed Monthly Income make up part of the Monthly Income Benefit and are paid together with the Guaranteed Monthly Income during the Payout Period.
### Maturity Bonus
This is a one-off bonus paid at maturity of the policy. The Maturity Bonus rates is projected to be percentage of the total Guaranteed Monthly Income.
Future bonuses and Non-Guaranteed Monthly Income which have yet to be allocated to the policy are not guaranteed and we will decide the level of bonus and Non-Guaranteed Monthly Income to be declared each year as approved by the Board of Directors, taking into account the written recommendation by the Appointed Actuary.
---
[p.8]
### How are the assets invested and managed?
Prudential Singapore's participating fund consists of both single and regular premium policies segregated into a few sub-funds. Each sub fund's investments are managed separately to match its liability characteristics. This product is written in the Par Retirement SGD Sub-fund ("PRSF"). In the document below, the term "fund" will be referring to PRSF unless stated otherwise.
#### Investment Objective
The investment objective is to maximise the long-term returns of the fund through investments consistent with policyowners' reasonable expectations, while meeting internal and regulatory solvency requirements. To achieve this, we set a Strategic Asset Allocation ("SAA") for the fund.
#### Investment Mix
| Asset Type | Strategic Asset Allocation | Asset Allocation as at 31 Dec 2024 |
|---|---|---|
| Bonds | 60.0% | 61.2% |
| Equities | 40.0% | 37.2% |
| Property | 0.0% | 0.0% |
| Other Assets¹ | 0.0% | 1.6% |
| **Total Assets** | **100.0%** | **100.0%** |
¹ Other Assets include alternative assets, cash and policy loans
The Asset Allocation percentages shown in the table have been rounded to the nearest 0.1%, and hence may not sum to exactly 100%.
SAA is the fund's long-term weighted asset allocation over Premium Payment Term, Accumulation Period and Payout Period to meet the investment objective of the fund as set out above. Fund managers are allowed to deviate from the SAA, but within a mandated limit to take views on the current market conditions.
#### Investment Rate of Return
The past investment rates of return (after deducting investment expenses only) are shown in the table below.
| | 2022 | 2023 | 2024 | Average of last 3 years | Average of last 5 years | Average of last 10 years |
|---|---|---|---|---|---|---|
| **Investment Returns** | -14.32% | 9.68% | 9.59% | 0.99% | 2.32% | N.A. |
Please note that past performance may not be indicative of future performance.
#### 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 | Average of last 3 years | Average of last 5 years | Average of last 10 years |
|---|---|---|---|---|---|---|
| **Total Expense Ratio** | 2.65% | 2.03% | 1.64% | 2.08% | 2.27% | 2.53% |
Please note that past expense ratios may not be indicative of actual expenses that may be incurred in the future.
---
[p.9]
#### Fund Manager
All investment related to this fund is carried out through Eastspring Investments (Singapore) Limited ("Eastspring Singapore"). Eastspring Singapore may also engage other Prudential plc related companies as sub-fund managers.
Eastspring Singapore address: Eastspring Investments (Singapore) Limited, 10 Marina Boulevard #32-01 Marina Bay Financial Centre Tower 2 Singapore 018983.
### What are the risks that affect the bonus and Non-Guaranteed Monthly Income that you will be getting?
The level of bonuses and Non-Guaranteed Monthly Income depends on the actual experience of key factors affecting the performance of the fund. In determining the level of bonuses and Non-Guaranteed Monthly Income, we also consider the future outlook of these key factors. These key factors are:
- Investment performance and future investment outlook of the fund;
- Claims experience, with respect to death ("mortality") and disability ("morbidity") experience of the fund;
- Discontinuance ("surrender") experience of the fund;
- Level of expenses incurred by or allocated to the fund
There may be other factors that could affect the level of bonuses and Non-Guaranteed Monthly Income, for example, changes in taxation and legislation.
### How are the risks shared?
Your policy is exposed to investment, mortality, lapse and expense risks, which are shared within the PRSF.
In determining the level of bonuses and Non-Guaranteed Monthly Income that can be supported, the assets available to back the plan will be derived by accumulating the premiums paid at the actual rate of investment return less the cost of insurance, expenses incurred, commissions paid, taxes and other costs that may be incurred in managing the fund.
### How are bonus and Non-Guaranteed Monthly Income smoothed over time?
As investment performance fluctuates over time, bonuses and Non-Guaranteed Monthly Income are smoothed to ensure stable medium to long-term returns on your policy. As a result, some of the investment returns in good years may not be distributed immediately so as to boost returns in years where the investment return is low. However, the effect of smoothing is intended to be neutral over time.
#### Reversionary Bonus
Prudential Singapore's bonus distribution policy is to keep the Reversionary Bonus at a level that is expected to be sustainable over the long term. Thus, while the Reversionary Bonus is usually reviewed annually, it is not expected to fluctuate from year to year. Nevertheless, it may be adjusted up or down under exceptional circumstances.
For the financial year 2023 to 2024, the Reversionary Bonus declared was $8.50 per $1,000 Face Value and at $19 per $1,000 on accumulated Reversionary Bonus respectively. Past performance is not necessarily indicative of future performance.
#### Performance Bonus and Maturity Bonus
The Performance and Maturity Bonuses are reviewed at least annually. In exceptional circumstances, the review may be more frequent. The Performance and Maturity Bonuses are more likely to change from year to year but Prudential Singapore's bonus distribution policy is to limit the yearly variation so that, under normal circumstances, the payout will not be subject to large fluctuations over the short term.
Performance Bonus rates declared for the past years are as a percentage of accumulated Reversionary Bonuses.
(Please refer to product summary generated by Prudential representative for the exact declared bonus rate)
There is no Maturity Bonuses declared yet as this 8th Series plan was launched in 2021. Past performance is not necessarily indicative of future performance.
#### Non-Guaranteed Monthly Income
Prudential Singapore's bonus distribution policy is to keep the Non-Guaranteed Monthly Income at a range that is expected to be sustainable over the long term. The Non-Guaranteed Monthly Income is usually reviewed annually and it may change from year to year, taking actual fund performance and future investment outlook into consideration.
There is no Non-Guaranteed Monthly Income declared yet as this 8th Series plan was launched in 2021. Past performance is not necessarily indicative of future performance.
---
[p.10]
## What are the fees and charges imposed on this plan?
This plan shares in the experience of the fund. This means that any expenses incurred by the fund can be charged to the policy according to the risk-sharing rules described earlier.
Examples of such expenses include:
- Investment fees paid to fund managers for providing management services
- Mortality (death), Morbidity (disability), lapse and surrender claims
- Marketing and other distribution-related costs
- Administration fees incurred in underwriting of new business
- Management and Overhead Expenses
- Commission fees paid to Prudential Financial Consultants or intermediaries
All expenses, including commissions, are shared and charged to the fund (assets backing the policy) according to the risk-sharing rules described earlier.
Please refer to the Total Distribution Cost Table in the Policy Illustration for more information.
Please note that the charges described in this section will not be in the form of explicit fees or charges to you; it has already been allowed for in calculating your premium.
### How will I be updated on the performance of my plan?
An Annual Bonus Update will be sent to you annually. This document aims to keep you informed of the performance of the fund and its future outlook.
Before the Payout Period, this document will also provide an update of the revised (if applicable) illustration of the Non-Guaranteed Monthly Income rates and bonus.
During the Payout Period, it will inform you of the Non-Guaranteed Monthly Income allocated to your policy for that year.
You will be informed whenever there is a change in the declared Non-Guaranteed Monthly Income rates, you will also receive an update on the changes in the future Non-Guaranteed Monthly Income from Prudential Singapore.
You may expect to receive the update on the Non-Guaranteed Monthly Income and bonus rates after April of each year.
Please contact your representative of either Prudential Singapore or a distributor duly appointed by Prudential Singapore at any time if you wish to receive an updated full policy illustration showing the illustrations of future bonuses and Non-Guaranteed Monthly Income based on Prudential Singapore's best estimate of the future performance of the participating fund.
### Conflict of Interest
Potential conflicts of interest arise in the allocation of expenses between the participating and other insurance funds. Over-allocation of expenses to the participating fund is detrimental to policyowners of participating policies. As such, Prudential Singapore strives to achieve a fair allocation substantiated by regular expense investigations.
### Related Party Transactions
The fund manager, Eastspring Singapore, managing the entire assets of the fund is a related party to Prudential Singapore. The size of PRSF under management by Eastspring Singapore is S$789 million as at 31 Dec 2024.
The Investment Committee ("IC") of Prudential Singapore has oversight responsibility for the activities of the fund managers to ensure that the transactions are carried out at arms' length. It is responsible for setting the mandates for day-to-day fund operation. The Asset and Liability Management Committee ("ALCO") of Prudential Singapore is responsible for setting the SAA and monitoring asset and liability matching.
The IC will also periodically review the investment fees charged by the fund managers, and advise Prudential Singapore accordingly. The Board of Directors ("Board") appoints the membership of the IC and ALCO. The Board will be responsible for reviewing and approving the IC and ALCO Constitution or Terms of Reference.
---
[p.11]
## Premiums
The premium rate for the basic plan is guaranteed. Premiums are payable for the period of premium payment term (does not apply to single premium policies) and can be paid monthly, quarterly, half-yearly or yearly.
PRUActive Retirement II is not a Medisave-approved policy and you may not use Medisave to pay the premium for this policy.
## Select additional benefits according to your need(s)
With additional premiums, you may add supplementary benefits to this insurance plan for extra protection.
Adding of supplementary benefits is not applicable to single premium policy.
All supplementary benefits are subject to product terms and conditions. Please consult a representative of either Prudential Singapore or a distributor duly appointed by Prudential Singapore for more information.
## Exclusions
There are certain conditions (such as death from suicide or Pre-existing Conditions within 12 months from Cover Start Date, or date of reinstatement (if any) under which no benefits will be payable. These are stated as exclusions in the policy document.
You are advised to read your policy document for the full details of these exclusions.
## Supplementary Retirement Scheme (SRS)
If you bought your Policy using your SRS funds, your Policy is subject to the terms and conditions of the Supplementary Retirement Scheme which shall overrule these terms and conditions in the event of any conflict or inconsistency.
All payments made will be according to the terms and conditions of the Supplementary Retirement Scheme.
## Note
Life Insurance is a contract of utmost good faith and a proposer is required to disclose in proposal form fully and faithfully all the facts, which he knows or ought to know, as otherwise the policy issued may be void.
The terms and conditions of your policy are contained in your policy document.
## Free Look Period
After purchasing a life insurance policy, you have a 14-day free-look period - starting from the day you receive your policy documents to review the documents carefully. During this time, if you choose to cancel your policy, we will refund you the premiums you have paid (without interest), less any medical fees and other expenses, such as payments for medical check-ups and medical reports, incurred by us.
If we make your policy document and all other documents from us available electronically via PRUaccess, we consider they have been delivered and received when you receive the relevant SMS or email telling you that the documents are accessible on PRUaccess. Otherwise, we consider your policy and all other documents from us as delivered and received seven days from the date of posting to the last-known address you gave us.
If you decide this policy is not suitable for your needs, simply write to us within the 14-day free-look period.
---
**Version 07/2025**
---
### https://lifeinsurance.com.sg/api/product/prudential/pruactive-saver-iii/summary.md
# PRUActive Saver
III
**Insurer:** Prudential Singapore (Prudential Assurance Company Singapore (Pte) Limited)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/199002477Z/PRUActive%20Saver%20III_Summary.pdf
## Source wording
- **Effective from:** (not stated in document)
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/199002477Z/PRUActive%20Saver%20III_Summary.pdf
- **PDF sha256:** `28bd15a790f9bad798cb28ca10b73b86862e4092e13e792cf163c7969d47b09d`
- **Extraction confidence:** verified
## Extracted facts
### free look
```json
{
"period_days": 14,
"source_page": 9,
"refund_basis": "we will refund you the premiums you have paid (without interest), less any medical fees and other expenses, such as payments for medical check-ups and medical reports, incurred by us."
}
```
### exclusions
```json
[
{
"text": "There are certain conditions (such as death from suicide or Pre-existing Condition within 12 months from Cover Start Date or date of reinstatement (if any)) under which no benefits will be payable. These are stated as exclusions in the policy document.",
"source_page": 1
},
{
"text": "\"Pre-existing Condition\" is the existence of any signs or symptoms for which treatment, medication, consultation, advice or diagnosis has been sought or received by the life assured or would have caused an ordinary prudent person to seek treatment, diagnosis or cure, prior to the Cover Start Date or date of reinstatement (if any) of this benefit.",
"source_page": 1
}
]
```
### mwpa trust
```json
{
"notes": "Not mentioned in the product summary.",
"available": false
}
```
### cash values
```json
{
"has_cash_value": true,
"non_guaranteed_bonus": {
"text": "Non-guaranteed benefits are in the form of Reversionary Bonus, Performance Bonus and Maturity Bonus. The bonuses are NOT guaranteed and will vary according to the future experience of the participating fund. The Reversionary Bonus rate is projected to be $8.50 per $1,000 Face Value and $19 per $1,000 on accumulated Reversionary Bonuses. Future bonuses which have yet to be allocated to the participating policyowner are not guaranteed and the insurer will decide the level of bonus to be declared each year as approved by the Board of Directors, taking into account the written recommendation by the Appointed Actuary.",
"available": true,
"bonus_types": [
"reversionary",
"terminal",
"other"
],
"source_page": 3,
"par_fund_name": "Regular Premium Life Sub-fund"
},
"guaranteed_surrender_value": {
"basis": "For single premium: immediate surrender value. For other premium payment terms: surrender value available after 36 months from first premium due date as long as premiums have been paid for 36 months. Guaranteed surrender value plus non-guaranteed surrender value payable upon surrender.",
"available": true,
"source_page": 2
}
}
```
### policy loan
```json
{
"available": true,
"source_page": 2,
"interest_basis": "non-guaranteed loan interest will be charged"
}
```
### grace period
```json
{}
```
### product type
```json
"endowment"
```
### policy basics
```json
{
"maximum_policy_term_years": 30,
"minimum_policy_term_years": 10
}
```
### premium terms
```json
{
"cpf_eligible": {
"srs": true,
"notes": "If you bought your Policy using your SRS funds, your Policy is subject to the terms and conditions of the Supplementary Retirement Scheme which shall overrule these terms and conditions in the event of any conflict or inconsistency. All payments made will be according to the terms and conditions of the Supplementary Retirement Scheme. PRUActive Saver III is not a Medisave-approved policy and you may not use Medisave to pay the premium for this policy.",
"source_page": 9,
"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",
"source_page": 1
},
{
"label": "Regular premium 5-pay to 30-pay",
"description": "regular premium term from 5 to 30 years",
"source_page": 1
}
],
"premium_review_clause": {
"text": "The premium rate for the basic plan is guaranteed.",
"reviewable": false,
"source_page": 9
}
}
```
### non forfeiture
```json
{
"paid_up": {
"text": "Not mentioned in the product summary.",
"available": false
},
"source_page": 2,
"extended_term": {
"text": "Not mentioned in the product summary.",
"available": false
},
"automatic_premium_loan": {
"text": "Automatic Premium Loan, Policy Loan and Surgical & Nursing Loan are available. Please note that taking these loans will reduce the long term value of the policy. For automatic premium loan and policy loan, a non-guaranteed loan interest will be charged. Note: Automatic Premium Loan is not applicable to single premium policy.",
"available": true
}
}
```
### suicide clause
```json
{
"source_page": 1,
"payout_within_period": "death from suicide or Pre-existing Condition within 12 months from Cover Start Date or date of reinstatement (if any)) under which no benefits will be payable",
"exclusion_period_months": 12
}
```
### document metadata
```json
{
"wording_version": "Version 07/2025",
"product_full_name": "PRUActive Saver III",
"insurer_legal_entity": "Prudential Assurance Company Singapore (Pte) Limited",
"document_published_date": "07/2025"
}
```
---
*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.*
---
### https://lifeinsurance.com.sg/api/product/prudential/pruactive-saver-iii/wording.md
# PRODUCT SUMMARY: PRUActive Saver III
[p.1]
This Product Summary and Policy Illustration are for illustrative purposes only and shall not constitute a contract. The following is a simplified description of the key product features. The exact terms can be found in the policy document. "Your Guide to Participating Policies", which contains generic but important information on how a participating plan typically works and how bonuses are determined in general, is available on our website, www.prudential.com.sg. Alternatively, you may approach a representative of either Prudential Singapore or a distributor duly appointed by Prudential Singapore for a copy of the guide.
## Details of Plan Provider:
Prudential Assurance Company Singapore (Pte) Limited ("Prudential Singapore"), 30 Cecil Street, #30-01 Prudential Tower, Singapore 049712. Tel: 1800 - 333 0 333.
Prudential Singapore is responsible for the product features and contractual provisions and these will be explained to you by a representative of either Prudential Singapore or a distributor duly appointed by Prudential Singapore.
This policy and its Supplementary benefit(s) (if any) is/are 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 your insurer or visit the General Insurance Association (GIA) /Life Insurance Association (LIA) or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).
The Proposer acknowledges receipt of all the pages of the Product Summary for the Main plan and Supplementary benefits (where applicable). The contents have been explained to his/her satisfaction.
## Aggregation rule:
The aggregate premiums payable for selected plans* per life assured issued in the past 24 months cannot exceed S$15 million (or equivalent). The calculation is based on the total committed premiums of the product, excluding premiums for supplementary benefits (if any) (e.g. 10 x annual premium for a 10-year premium term product, or full single premium for a single premium product). US dollar denominated policies will be aggregated after applying an exchange rate of US$1 to S$1.40 on the premiums payable. We reserve the right to review/vary this rate.
*Please find the full list of selected plans at www.prudential.com.sg
## Nature and Objective of the Plan:
PRUActive Saver III is a participating endowment insurance plan. This plan allows policyowner to choose between a range of premium payment terms: single premium or regular premium term from 5 to 30 years and a range of policy terms from 10 to 30 years. It provides financial protection against death. The policy also allows policyowner to participate in the performance of the participating fund in the form of bonuses that are not guaranteed.
PRUActive Saver III is an 8th series product. The series defines the premium rates and bonus features of the product.
## Benefits under the Plan:
### What is Face Value?
The Face Value is not the sum assured of your policy. The Face Value is a notional value used to determine the Reversionary Bonuses (non-guaranteed), and the Maturity Benefit.
### What do we pay for Death Benefit?
#### For Regular Premium (Premium Term of 5 to 30 years):
The Death Benefit will be the higher of:
i) 105% of the total premiums paid up to time of death (but not premiums for supplementary benefits [if any]) less any bonus surrendered (if any); or
ii) 101% of the surrender value,
less any amounts owing to us.
The policy and all its benefits terminate once a Death Benefit claim is paid.
#### For Single Premium:
The Death Benefit will be the higher of:
i) 105% of the single premium paid less any bonus surrendered (if any); or
ii) 101% of the surrender value,
less any amounts owing to us.
The policy and all its benefits terminate once a Death Benefit claim is paid.
### What do we pay for Maturity Benefit?
On the maturity date we pay a maturity benefit in a lump sum. The maturity benefit is percentage of the Face Value plus all the bonuses* that we have added to the policy, less any amounts owing to us in connection with your policy.
* the bonuses are NOT guaranteed.
### Exclusions:
There are certain conditions (such as death from suicide or Pre-existing Condition within 12 months from Cover Start Date or date of reinstatement (if any)) under which no benefits will be payable. These are stated as exclusions in the policy document. We advise you to read the policy document for the full details of these exclusions.
"Pre-existing Condition" is the existence of any signs or symptoms for which treatment, medication, consultation, advice or diagnosis has been sought or received by the life assured or would have caused an ordinary prudent person to seek treatment, diagnosis or cure, prior to the Cover Start Date or date of reinstatement (if any) of this benefit.
[p.2]
### What is Surrender Benefit?
The guaranteed surrender value plus non-guaranteed surrender value will be payable upon surrender of your policy. The surrender value of your policy will vary with the premium payment term of your policy.
For PRUActive Saver III policy of a single premium payment term, we give you an immediate surrender value.
For the rest of the premium payment terms, we give you a surrender value after 36 months from your first premium due date as long as you have paid premiums for 36 months.
### What is the impact of early surrender?
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. Please refer to the Table of Deductions in the Policy Illustration for more information and to understand the loss or low returns on surrendering the plan early.
### What are the other features available under PRUActive Saver III?
- If the policy has a surrender value, the policyowner can apply to surrender part or all of the Reversionary Bonus that we have added to the policy for a cash value. Please note that this will reduce the long term value of the policy.
- Automatic Premium Loan, Policy Loan and Surgical & Nursing Loan are available. Please note that taking these loans will reduce the long term value of the policy. For automatic premium loan and policy loan, a non-guaranteed loan interest will be charged.
Note: Automatic Premium Loan is not applicable to single premium policy.
Please refer to the policy document for the exact terms and conditions of these additional features.
[p.3]
## Bonuses:
### What type of bonuses?
The benefits under this plan are made up of guaranteed and non-guaranteed benefits. The guaranteed benefits, including bonuses which have already been allocated to the participating policy owners, will be paid regardless of the performance of the participating fund. Non-guaranteed benefits are in the form of Reversionary Bonus, Performance Bonus and Maturity Bonus. The bonuses are NOT guaranteed and will vary according to the future experience of the participating fund. The bonus rates in this section are based on the illustrated Investment Return of the Participating Fund at 4.25% per annum. Please note that the actual bonuses that may be declared in the future may turn out to be higher or lower than illustrated in this section.
In comparison, at an illustrated Investment Rate of Return of 3.00% per annum, the non-guaranteed benefits are expected to be adjusted downwards depending on the future outlook of the Participating Fund.
Please refer to the policy illustration for the non-guaranteed benefits amount at the illustrated Investment Rate of Return of 3.00% per annum and 4.25% per annum 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.
### Reversionary Bonus:
This is an annual bonus that we add to the policy benefits from the start of the calendar year after the policy's second anniversary. Once declared, it will form part of the guaranteed benefits of the plan.
The Reversionary Bonus rate is projected to be $8.50 per $1,000 Face Value and $19 per $1,000 on accumulated Reversionary Bonuses.
[p.4]
### Performance Bonus:
This is a one-off bonus which is a percentage of the accumulated Reversionary Bonuses. It may be paid when the policyowner surrenders the policy, or when the policy matures. The amount will vary depending on the Termination Date.
The illustrated Performance Bonus rates as a percentage of the accumulated Reversionary Bonuses are as below:
| No. of completed years in force | Performance Bonus as a percentage of accumulated reversionary bonus |
|---|---|
| 1 | 0.0% |
| 2 | 0.0% |
| 3 | 5.0% |
| 4 | 5.0% |
| 5 | 10.0% |
| 6 | 15.0% to 20.0% |
| 7 | 20.0% to 40.0% |
| 8 | 25.0% to 60.0% |
| 9 | 30.0% to 80.0% |
| 10 | 30.0% to 100.0% |
| 11 | 35.0% to 99.0% |
| 12 | 40.0% to 98.0% |
| 13 | 45.0% to 97.0% |
| 14 | 50.0% to 96.0% |
| 15 | 53.0% to 95.0% |
| 16 | 53.0% to 94.0% |
| 17 | 54.0% to 93.0% |
| 18 | 54.0% to 92.0% |
| 19 | 55.0% to 91.0% |
| 20 | 55.0% to 90.0% |
| 21 | 56.0% to 89.0% |
| 22 | 56.0% to 88.0% |
| 23 | 57.0% to 87.0% |
| 24 | 57.0% to 86.0% |
| 25 | 58.0% to 85.0% |
| 26 | 58.0% to 84.0% |
| 27 | 59.0% to 83.0% |
| 28 | 60.0% to 82.0% |
| 29 | 60.0% to 81.0% |
| 30 | 61.0% to 80.0% |
[p.5]
### Maturity Bonus:
This is a one-off bonus which is a percentage of the accumulated Reversionary Bonuses. It may be paid when the policy matures. The illustrated Maturity Bonus rates as a percentage of the accumulated Reversionary Bonuses are as follows:
| Policy Term | Maturity Bonus as a percentage of Accumulated Reversionary Bonus |
|---|---|
| 10 | 23% to 235% |
| 11 | 23% to 248% |
| 12 | 13% to 243% |
| 13 | 9% to 245% |
| 14 | 23% to 248% |
| 15 | 22% to 247% |
| 16 | 19% to 244% |
| 17 | 27% to 239% |
| 18 | 31% to 238% |
| 19 | 30% to 241% |
| 20 | 36% to 249% |
| 21 | 32% to 249% |
| 22 | 39% to 253% |
| 23 | 44% to 262% |
| 24 | 49% to 278% |
| 25 | 53% to 294% |
| 26 | 57% to 313% |
| 27 | 64% to 327% |
| 28 | 70% to 337% |
| 29 | 73% to 347% |
| 30 | 76% to 348% |
Future bonuses which have yet to be allocated to the participating policyowner are not guaranteed and the insurer will decide the level of bonus to be declared each year as approved by the Board of Directors, taking into account the written recommendation by the Appointed Actuary.
[p.6]
## How are the assets invested and managed?
Prudential Singapore's participating fund consists of both single and regular premium policies segregated into a few sub-funds. Each sub fund's investments are managed separately to match its liability characteristics. Regular premium policies are written in the Regular Premium Life Sub-fund ("RPLF"). In the document below, the term "fund" will be referring to RPLF unless stated otherwise.
### Investment Objective
The investment objective is to maximise the long-term returns of the fund through investments consistent with policyowners' reasonable expectations, while meeting internal and regulatory solvency requirements. To achieve this, we set a Strategic Asset Allocation ("SAA") for the fund.
### Investment Mix
| Asset Type | Strategic Asset Allocation | Asset Allocation as at 31 Dec 2024 |
|---|---|---|
| Bonds | 50.0% | 52.7% |
| Equities | 29.5% | 35.4% |
| Property | 10.0% | 7.1% |
| Other Assets¹ | 10.5% | 4.7% |
| Total Assets | 100.0% | 100.0% |
¹ Other assets include alternative assets, cash and policy loans
The Asset Allocation percentages shown in the table have been rounded to the nearest 0.1%, and hence may not sum to exactly 100%.
SAA is the fund's long-term neutral asset allocation to meet the investment objective of the fund as set out above. Fund managers are allowed to deviate from the SAA, but within a mandated limit to take views on the current market conditions.
### Investment Rate of Return
For the RPLF, the past investment rates of return (after deducting investment expenses only) are shown in the table below.
| | 2022 | 2023 | 2024 | Average of last 3 years | Average of last 5 years | Average of last 10 years |
|---|---|---|---|---|---|---|
| Investment Returns | -13.42% | 7.24% | 8.26% | 0.17% | 2.23% | 3.95% |
Please note that past performance is not necessarily indicative of future performance.
### Total Expense Ratio
The Total Expense Ratio is the proportion of total expenses incurred by the Participating Fund to the total 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 | Average of last 3 years | Average of last 5 years | Average of last 10 years |
|---|---|---|---|---|---|---|
| Total Expense Ratio | 2.65% | 2.03% | 1.64% | 2.08% | 2.27% | 2.53% |
Please note that past expense ratios may not be indicative of actual expenses that may be incurred in the future.
[p.7]
### Fund Manager
All investment related to this fund is carried out through Eastspring Investments (Singapore) Limited ("Eastspring Singapore"). Eastspring Singapore may also engage other Prudential plc related companies as sub-fund managers.
Eastspring Singapore address: Eastspring Investments (Singapore) Limited, 10 Marina Boulevard #32-01 Marina Bay Financial Centre Tower 2 Singapore 018983.
## What are the risks that affect the bonuses that you will be getting?
The level of bonuses depends on the actual experience of key factors affecting the performance of the fund. In determining the level of bonuses, we also considered the future outlook of these key factors. These key factors are:
- Investment performance and future investment outlook of the fund;
- Claims experience, with respect to death ("mortality") and Terminal Illness("TI") experience of the fund;
- Discontinuance ("surrender") experience of the fund;
- Level of expenses incurred by or allocated to the fund
There may be other factors that could affect the bonus levels, for example, changes in taxation and legislation.
## How are the risks shared?
Your policy is exposed to investment, mortality, lapse and expense risks, which are shared within the RPLF, i.e. with other regular premium plans.
In determining the level of bonuses that can be supported, the assets available to back the plan will be derived by accumulating the premiums paid at the actual rate of investment return less the cost of insurance, expenses incurred, commissions paid, taxes and other costs that may be incurred in managing the fund.
## How are bonuses smoothed over time?
As investment performance fluctuates over time, bonuses are smoothed to ensure stable medium to long term returns on your policy. As a result, some of the investment returns in good years may not be distributed immediately so as to boost returns in years where the investment return is low. However, the effect of smoothing is intended to be neutral over time.
### Reversionary Bonus
Prudential Singapore's bonus distribution policy is to keep the Reversionary Bonus at a level that is expected to be sustainable over the long term. Thus, while the Reversionary Bonus is usually reviewed annually, it is not expected to fluctuate from year to year. Nevertheless, it may be adjusted up or down under exceptional circumstances.
For the financial year 2023 to 2024, the Reversionary Bonus declared was $8.50 per $1,000 Face Value and at $19 per $1,000 on accumulated Reversionary Bonus respectively. Past performance is not necessarily indicative of future performance.
### Performance Bonus and Maturity Bonus
The Performance and Maturity Bonuses are reviewed at least annually. In exceptional circumstances, the review may be more frequent. The Performance and Maturity Bonuses are more likely to change from year to year but Prudential Singapore's policy is to limit the yearly variation so that, under normal circumstances, the payout will not be subject to large fluctuations over the short term.
Performance Bonus rates declared for the past years are as below. Performance Bonus as a percentage of accumulated Reversionary Bonuses:
| No. of completed years in force | Year of Declaration | |
|---|---|---|
| | 2023 | 2024 |
| 0 – 2 | - | - |
| 3 | 5.0% | 5.0% |
| 4 | - | 5.0% |
There is no Maturity Bonus declared yet as this 8th Series plan was launched in 2021. Past performance is not necessarily indicative of future performance.
[p.8]
## What are the fees and charges imposed on this plan?
This plan shares in the experience of the fund. This means that any expenses incurred by the fund can be charged to the policy according to the risk-sharing rules described earlier.
Examples of such expenses include:
- Investment fees paid to fund managers for providing management services
- Mortality (death), Terminal Illness, lapse and surrender claims
- Marketing and other distribution-related costs
- Administration fees incurred in underwriting of new business
- Management and Overhead Expenses
- Commission fees paid to Prudential Financial Consultants or intermediaries
All expenses, including commissions, are shared and charged to the fund (assets backing the policy) according to the risk-sharing rules described earlier.
Please refer to the Total Distribution Cost Table in the Policy Illustration for more information.
Please note that the charges described in this section will not be in the form of explicit fees or charges to you; it has already been allowed for in calculating your premium.
## How will I be updated on the performance of my plan?
An Annual Bonus Update will be sent to you annually. This document aims to keep you informed of the performance of the fund, its future outlook, the bonuses allocated to your policy for that year and any changes in future bonuses. Whenever there is a change in the bonus rates, you will also receive an update from Prudential Singapore. You may expect to receive the Annual Bonus Update after April each year.
Please contact your representative of either Prudential Singapore or a distributor duly appointed by Prudential Singapore at any time if you wish to receive an updated full policy illustration showing the illustrations of future bonuses based on Prudential Singapore's best estimate of the future performance of the participating fund.
## Conflict of Interest:
Potential conflicts of interest arise in the allocation of expenses between the participating and other insurance funds. Over-allocation of expenses to the participating fund is detrimental to policyowners of participating policies. As such, Prudential Singapore strives to achieve a fair allocation substantiated by regular expense investigations.
## Related Party Transactions:
The fund manager managing the entire assets of the fund is a related party to Prudential Singapore. The size of RPLF under management by Eastspring Singapore is S$36,849 million as at 31 Dec 2024.
The Investment Committee ("IC") of Prudential Singapore has oversight responsibility for the activities of the fund managers to ensure that the transactions are carried out at arm's length. It is responsible for setting the mandates for day-to-day fund operation. The Asset & Liability Management Committee ("ALCO") of Prudential Singapore is responsible for setting the SAA and monitoring asset and liability matching.
The IC will also periodically review the investment fees charged by the fund managers, and advise Prudential Singapore accordingly. The Board of Directors ("Board") appoints the membership of the IC and ALCO. The Board will be responsible for reviewing and approving the IC and ALCO Constitution or Terms of Reference.
[p.9]
## Premiums:
The premium rate for the basic plan is guaranteed. Premiums are payable for the period of premium payment term and can be paid monthly, quarterly, half-yearly or yearly.
PRUActive Saver III is not a Medisave-approved policy and you may not use Medisave to pay the premium for this policy.
## Select additional benefits according to your need(s):
With additional premiums, you may add supplementary benefits to this insurance plan for extra protection.
All supplementary benefits are subject to product terms and conditions. Please consult a representative of either Prudential Singapore or a distributor duly appointed by Prudential Singapore for more information.
## Exclusions:
There are certain conditions (such as death from suicide or Pre-existing Conditions within 12 months from Cover Start Date, or date of reinstatement (if any) under which no benefits will be payable. These are stated as exclusions in the policy document.
You are advised to read your policy document for the full details of these exclusions.
## Supplementary Retirement Scheme (SRS)
If you bought your Policy using your SRS funds, your Policy is subject to the terms and conditions of the Supplementary Retirement Scheme which shall overrule these terms and conditions in the event of any conflict or inconsistency.
All payments made will be according to the terms and conditions of the Supplementary Retirement Scheme.
## Note:
Life Insurance is a contract of utmost good faith and a proposer is required to disclose in proposal form fully and faithfully all the facts, which he knows or ought to know, as otherwise the policy issued may be void.
The terms and conditions of your policy are contained in your policy document.
## Free Look Period:
After purchasing a life insurance policy, you have a 14-day free-look period - starting from the day you receive your policy documents to review the documents carefully. During this time, if you choose to cancel your policy, we will refund you the premiums you have paid (without interest), less any medical fees and other expenses, such as payments for medical check-ups and medical reports, incurred by us.
If we make your policy document and all other documents from us available electronically via PRUaccess, we consider they have been delivered and received when you receive the relevant SMS or email telling you that the documents are accessible on PRUaccess. Otherwise, we consider your policy and all other documents from us as delivered and received seven days from the date of posting to the last-known address you gave us.
If you decide this policy is not suitable for your needs, simply write to us within the 14-day free-look period.
Version 07/2025
[p.10]
---
### https://lifeinsurance.com.sg/api/product/prudential/pruactive-term/summary.md
# PRUActive Term
**Insurer:** Prudential Singapore (Prudential Assurance Company Singapore (Pte) Limited)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/199002477Z/PRUActive_Term_PS.pdf
## Source wording
- **Effective from:** (not stated in document)
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/199002477Z/PRUActive_Term_PS.pdf
- **PDF sha256:** `95032db640ba52915b95237ce4be23807314d5f568a154c4712f83c48ac1316d`
- **Extraction confidence:** verified
## Extracted facts
### free look
```json
{
"period_days": 14,
"source_page": 7,
"refund_basis": "we will refund you the premiums you have paid (without interest), less any medical fees and other expenses, such as payments for medical check-ups and medical reports, incurred by us."
}
```
### exclusions
```json
[
{
"text": "If the life assured dies directly or indirectly from an activity under special exclusion or special terms and conditions shown in your certificate of life assurance, we do not pay the sum assured but we will refund the total premiums, without interest, received from you less expenses (including administrative, sales-related and medical expenses) we have had to pay for your policy.",
"source_page": 2
},
{
"text": "If the life assured dies from suicide within 12 months from the cover start date or date of reinstatement (if any) of your policy, we will make your policy void. In this case, we cancel it and refund the total premiums, without interest, received from you less expenses (including administrative, sales-related and medical expenses) we have had to pay for your policy.",
"source_page": 2
},
{
"text": "Terminal Illness in the presence of HIV infection is excluded.",
"source_page": 2
},
{
"text": "There are certain conditions under which no benefits will be payable. These are stated as exclusions in your policy document. You are advised to read your policy document for the full details of these exclusions.",
"source_page": 6
}
]
```
### cash values
```json
{
"has_cash_value": true,
"non_guaranteed_bonus": {
"available": false
},
"guaranteed_surrender_value": {
"basis": "Available after 36 months from first premium due date as long as premiums have been paid for 36 months; only applies if premium payment term is shorter than policy term.",
"available": true,
"source_page": 5
}
}
```
### policy loan
```json
{
"available": true,
"source_page": 5,
"interest_basis": "non-guaranteed loan interest; yearly interest rate that may vary, accrues on a daily basis; Prudential will give three months' written notice of any rate change"
}
```
### grace period
```json
{
"days": 30,
"source_page": 7
}
```
### product type
```json
"term-life"
```
### policy basics
```json
{
"maximum_coverage_age": {
"basis": "as-stated",
"years": 82,
"source_page": 1
},
"maximum_policy_term_years": 82,
"minimum_policy_term_years": 10
}
```
### premium terms
```json
{
"cpf_eligible": {
"srs": false,
"notes": "PRUActive Term is not a Medisave-approved policy and you may not use Medisave to pay the premium for this policy.",
"source_page": 7,
"special_account": false,
"ordinary_account": false
},
"payment_modes": [
"annual",
"semi-annual",
"quarterly",
"monthly"
],
"premium_term_options": [
{
"label": "5 to 82 years",
"description": "This plan allows policyowner to choose between a range of premium payment terms from 5 to 82 years and a range of policy terms from 10 to 82 years.",
"source_page": 1
}
],
"premium_review_clause": {
"text": "We guarantee that the premiums for your policy will remain unchanged throughout its premium term as long as you pay the premiums within 30 days of the date they are due.",
"reviewable": false,
"source_page": 7
}
}
```
### non forfeiture
```json
{
"paid_up": {
"available": false
},
"source_page": 5,
"extended_term": {
"available": false
},
"automatic_premium_loan": {
"text": "If you fail to pay a premium on time and your policy has enough surrender value, we grant you an automatic premium loan. We charge a yearly interest rate on the loan amount starting from the date of the loan. This interest rate may vary and accrues on a daily basis. On each policy anniversary of your policy, we add the previous year's interest to the loan amount and charge interest on the total until the loan is repaid. We can change the interest rate but will give you three months' written notice if we do so. The loan amount and interest will be amounts you owe us. You can repay the loan at any time. We take off the loan amount and interest from any payment we make under your policy. If the total amount you owe us under your policy is more than the surrender value, your policy will end immediately.",
"available": true
}
}
```
### suicide clause
```json
{
"source_page": 2,
"payout_within_period": "If the life assured dies from suicide within 12 months from the cover start date or date of reinstatement (if any) of your policy, we will make your policy void. In this case, we cancel it and refund the total premiums, without interest, received from you less expenses (including administrative, sales-related and medical expenses) we have had to pay for your policy.",
"exclusion_period_months": 12
}
```
### document metadata
```json
{
"wording_version": "Version 07/2025",
"product_full_name": "PRUActive Term",
"insurer_legal_entity": "Prudential Assurance Company Singapore (Pte) Limited"
}
```
### terminal illness benefit
```json
{
"available": true,
"source_page": 2,
"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 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.*
---
### https://lifeinsurance.com.sg/api/product/prudential/pruactive-term/wording.md
# Product Summary: PRUActive Term
[p.1]
This Product Summary and Policy Illustration are for illustrative purposes only and shall not constitute a contract. The following is a simplified description of the key product features. The exact terms can be found in your policy document.
## Details of Plan Provider:
Prudential Assurance Company Singapore (Pte) Limited ("Prudential Singapore"), 30 Cecil Street, #30-01 Prudential Tower, Singapore 049712. Tel: 1800-3330 333
Prudential Singapore is responsible for the product features and contractual provisions and these will be explained to you by a representative of either Prudential Singapore or a distributor duly appointed by Prudential Singapore.
This policy and its supplementary benefit(s) (if any) is/are 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 your insurer or visit the General Insurance Association (GIA) / Life Insurance Association (LIA) or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).
The proposer acknowledges receipt of all the pages of the Product Summary for the Main plan and supplementary benefits (where applicable). The contents have been explained to his/her satisfaction.
## Nature and Objective of the Plan:
PRUActive Term is a non-participating life insurance plan with a regular premium term. This plan allows policyowner to choose between a range of premium payment terms from 5 to 82 years and a range of policy terms from 10 to 82 years. It provides financial protection against death and Terminal Illness during the policy term, and Total and Permanent Disability during the policy term or before the policy anniversary prior to the life assured attaining age 70 years old (whichever is earlier).
[p.2]
## Benefits under the Plan:
### What do we pay for Death Benefit?
If the life assured is shown on the certificate of life assurance to be covered for this benefit and dies, we pay the sum assured for death shown in your certificate of life assurance plus the incremental amount (if this applies).
If the life assured dies directly or indirectly from an activity under special exclusion or special terms and conditions shown in your certificate of life assurance, we do not pay the sum assured but we will refund the total premiums, without interest, received from you less expenses (including administrative, sales-related and medical expenses) we have had to pay for your policy.
If the life assured dies from suicide within 12 months from the cover start date or date of reinstatement (if any) of your policy, we will make your policy void. In this case, we cancel it and refund the total premiums, without interest, received from you less expenses (including administrative, sales-related and medical expenses) we have had to pay for your policy.
The whole policy automatically ends once we have paid a claim for this benefit.
### What do we pay for Accelerated Terminal Illness Benefit?
If the life assured is shown on the certificate of life assurance to be covered for this benefit and is diagnosed as having a Terminal Illness during the policy term, we pay the Accelerated Terminal Illness Benefit shown in your certificate of life assurance.
We pay if the life assured is diagnosed as suffering from Terminal Illness. "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."
The specialist medical practitioner treating the condition must provide supporting evidence of the condition, possible medical treatment, the prognosis after undergoing the possible medical treatment, and certify that the Life Assured is expected to live for no more than 12 months despite all possible medical intervention. We reserve the right to appoint an independent medical specialist who is an expert in the condition to confirm the diagnosis and prognosis.
Terminal Illness in the presence of HIV infection is excluded.
A "registered medical practitioner" is any person properly qualified with a degree in western medicine to practise medicine, and is licensed by the appropriate medical authority of the country they live in to practise medicine within the scope of his licensing and training. This cannot be you, the life assured or a family member of either.
Once we pay an Accelerated Terminal Illness Benefit claim, the Accelerated Terminal Illness Benefit ends. The following will also apply:
(a) If the sum assured of the Death Benefit is the same as the sum assured of the Accelerated Terminal Illness Benefit, the policy and all its benefits, including the Accelerated Disability Benefit, will end.
(b) If the sum assured of the Death Benefit is more than the sum assured of the Accelerated Terminal Illness Benefit, we will reduce the sum assured of the Death Benefit to an amount equal to the difference between the sum assured of the Death Benefit and the sum assured of the Accelerated Terminal Illness Benefit. You can continue the policy for this Death Benefit and any other supplementary benefits (except those which end under c, d, e and f of this section) by paying the necessary premiums.
(c) If the sum assured of the Accelerated Disability Benefit is more than the sum assured of the Accelerated Terminal Illness Benefit, we will reduce the sum assured of the Accelerated Disability Benefit to an amount equal to the sum assured of the Accelerated Disability Benefit and the sum assured of the Accelerated Terminal Illness Benefit. This applies as long as you continue to pay the necessary premiums for both the Death and Accelerated Disability Benefits.
[p.3]
(d) If the sum assured of the Accelerated Disability Benefit is less than or equal to the sum assured of the Accelerated Terminal Illness Benefit, we will end the Accelerated Disability Benefit. In this case, we will not pay the Accelerated Disability Benefit once we have paid the Accelerated Terminal Illness Benefit.
(e) If the sum assured of the Crisis Care III (PRUActive Term) Benefit (if applicable) is more than the sum assured of the Accelerated Terminal Illness Benefit, we will reduce the sum assured of the Crisis Care III (PRUActive Term) Benefit to an amount equal to the difference between the sum assured of the Crisis Care III (PRUActive Term) Benefit and the sum assured of the Accelerated Terminal Illness Benefit. This applies as long as you continue to pay the necessary premiums for both the Death and Crisis Care III (PRUActive Term) Benefits.
(f) If the sum assured of the Crisis Care III (PRUActive Term) Benefit is less than or equal to the sum assured of the Accelerated Terminal Illness Benefit, we will end the Crisis Care III (PRUActive Term) Benefit. In this case, we will not pay for the Crisis Care III (PRUActive Term) Benefit once we have paid the Accelerated Terminated Illness Benefit.
If you have chosen to include the Incremental Sum Assured benefit to the Death benefit and the Crisis Care III (PRUActive Term) benefit (if this applies), the sum assured under a – f of this section will include the Incremental Sum Assured benefit (refer to the Annexure for details on the Incremental Sum Assured benefit).
### What do we pay for Accelerated Disability Benefit?
If the life assured is shown on your certificate of life assurance to be covered for this benefit and becomes totally and permanently disabled during the policy term or before the policy anniversary prior to the life assured attaining age 70 years old (whichever is earlier), we pay the Accelerated Disability Benefit shown on your certificate of life assurance.
This payment is made six months after the confirmed onset of Disability (the deferment period) by a registered medical practitioner.
The deferment period does not apply if the life assured suffers:
- total and permanent blindness in both eyes as confirmed by an ophthalmologist; or
- the physical loss of any two limbs, each above the wrist or ankle but not just the hands and feet; or
- total and permanent blindness in one eye as confirmed by an ophthalmologist and physical loss of any one limb at or above the wrist or ankle but not just a hand or foot.
We will pay the Accelerated Disability Benefit up to S$2,000,000. If your Accelerated Disability Benefit is above S$2,000,000, we pay the balance sum assured (in other words any amount that is above S$2,000,000) in a lump sum:
- 12 months from the date of the first lump sum payment; or
- on death of the life assured;
whichever happens first.
If the life assured stops being totally and permanently disabled before the balance sum assured is due for payment, we stop payment immediately. In such a case, you can continue your policy for Death and Accelerated Terminal Illness benefits by paying the necessary premiums. The sum assured will be equal to the balance sum assured (in other words, any amount that is above S$2,000,000).
Once we pay an Accelerated Disability Benefit claim, the Accelerated Disability Benefit will end. The following will also apply.
(a) If the sum assured of the Death Benefit is the same as the sum assured of the Accelerated Disability Benefit, the policy and all its benefits including the Accelerated Terminal Illness Benefit, will end.
(b) If the sum assured of the Death Benefit is more than the sum assured of the Accelerated Disability Benefit, we will reduce the sum assured of the Death Benefit to an amount equal to the difference between the sum assured of the Death Benefit and the sum assured of the Accelerated Disability Benefit. You can continue the policy for this Death Benefit and any other supplementary benefits (except those that have ended under c, d, e and f of this section) by paying the necessary premiums.
[p.4]
(d) If the sum assured of the Accelerated Disability Benefit is less than or equal to the sum assured of the Accelerated Terminal Illness Benefit, we will end the Accelerated Disability Benefit. In this case, we will not pay the Accelerated Disability Benefit once we have paid the Accelerated Terminal Illness Benefit.
(e) If the sum assured of the Crisis Care III (PRUActive Term) Benefit (if applicable) is more than the sum assured of the Accelerated Disability Benefit, we will reduce the sum assured of the Crisis Care III (PRUActive Term) Benefit to an amount equal to the difference between the sum assured of the Crisis Care III (PRUActive Term) Benefit and the sum assured of the Accelerated Disability Benefit. This applies as long as you continue to pay the necessary premiums for both the Death and Crisis Care III (PRUActive Term) benefits.
(f) If the sum assured of the Crisis Care III (PRUActive Term) Benefit is less than or equal to the sum assured of the Accelerated Disability Benefit, the Crisis Care III (PRUActive Term) benefits will end. In this case, we will not pay for the Crisis Care III (PRUActive Term) Benefit if we have paid the Accelerated Disability Benefit.
If you have chosen to include the Incremental Sum Assured benefit to the Death benefit and the Crisis Care III (PRUActive Term) benefit (if this applies), the sum assured under a – f of this section will include the Incremental Sum Assured benefit (refer to the Annexure for details on the Incremental Sum Assured benefit).
### What do we pay for Accelerated Disability Benefit?
If the life assured is shown on your certificate of life assurance to be covered for this benefit and becomes totally and permanently disabled during the policy term or before the policy anniversary prior to the life assured attaining age 70 years old (whichever is earlier), we pay the Accelerated Disability Benefit shown on your certificate of life assurance.
This payment is made six months after the confirmed onset of Disability (the deferment period) by a registered medical practitioner.
The deferment period does not apply if the life assured suffers:
- total and permanent blindness in both eyes as confirmed by an ophthalmologist; or
- the physical loss of any two limbs, each above the wrist or ankle but not just the hands and feet; or
- total and permanent blindness in one eye as confirmed by an ophthalmologist and physical loss of any one limb at or above the wrist or ankle but not just a hand or foot.
We will pay the Accelerated Disability Benefit up to S$2,000,000. If your Accelerated Disability Benefit is above S$2,000,000, we pay the balance sum assured (in other words any amount that is above S$2,000,000) in a lump sum:
- 12 months from the date of the first lump sum payment; or
- on death of the life assured;
whichever happens first.
If the life assured stops being totally and permanently disabled before the balance sum assured is due for payment, we stop payment immediately. In such a case, you can continue your policy for Death and Accelerated Terminal Illness benefits by paying the necessary premiums. The sum assured will be equal to the balance sum assured (in other words, any amount that is above S$2,000,000).
Once we pay an Accelerated Disability Benefit claim, the Accelerated Disability Benefit will end. The following will also apply.
(a) If the sum assured of the Death Benefit is the same as the sum assured of the Accelerated Disability Benefit, the policy and all its benefits including the Accelerated Terminal Illness Benefit, will end.
(b) If the sum assured of the Death Benefit is more than the sum assured of the Accelerated Disability Benefit, we will reduce the sum assured of the Death Benefit to an amount equal to the difference between the sum assured of the Death Benefit and the sum assured of the Accelerated Disability Benefit. You can continue the policy for this Death Benefit and any other supplementary benefits (except those that have ended under c, d, e and f of this section) by paying the necessary premiums.
(c) If the sum assured of the Accelerated Terminal Illness Benefit is more than the sum assured of the Accelerated Disability Benefit, we will reduce the sum assured of the Accelerated Terminal Illness Benefit to an amount equal to the difference between the sum assured of the Accelerated Terminal Illness Benefit and the sum assured of the Accelerated Disability Benefit. This applies as long as you continue to pay the necessary premiums for both the Death and Accelerated Terminal Illness benefits.
(d) If the sum assured of the Accelerated Terminal Illness Benefit is less than or equal to the sum assured of the Accelerated Disability Benefit, the Accelerated Terminal Illness Benefit will end. In this case, we will not pay for the Accelerated Terminal Illness Benefit once we have paid the Accelerated Disability Benefit.
(e) If the sum assured of the Crisis Care III (PRUActive Term) Benefit (if applicable) is more than the sum assured of the Accelerated Disability Benefit, we will reduce the sum assured of the Crisis Care III (PRUActive Term) Benefit to an amount equal to the difference between the sum assured of the Crisis Care III (PRUActive Term) Benefit and the sum assured of the Accelerated Disability Benefit. This applies as long as you continue to pay the necessary premiums for both the Death and Crisis Care III (PRUActive Term) benefits.
(f) If the sum assured of the Crisis Care III (PRUActive Term) Benefit is less than or equal to the sum assured of the Accelerated Disability Benefit, the Crisis Care III (PRUActive Term) benefits will end. In this case, we will not pay for the Crisis Care III (PRUActive Term) Benefit if we have paid the Accelerated Disability Benefit.
If you have chosen to include the Incremental Sum Assured benefit to the Death benefit and the Crisis Care III (PRUActive Term) benefit (if this applies), the sum assured under a – f of this section will include the Incremental Sum Assured benefit (refer to the Annexure for details on the Incremental Sum Assured benefit).
### When do we pay the Accelerated Disability Benefit?
For a life assured whose age is 65 years or below, we pay when the life assured is totally and permanently disabled, as a result of which the life assured:
- cannot take part in any occupation, business or activity which pays an income; or
- suffers total and permanent loss of use of:
- both eyes;
- any two limbs, each above the wrist or ankle but not just the hands and feet; or
- one eye and any one limb or above the wrist or ankle but not just the hand or foot.
For a life assured whose age is from 66 to 70 years, we pay when the life assured is totally and permanently disabled, as a result of which the life assured:
- suffers total and permanent loss of use of:
- both eyes;
- any two limbs, each above the wrist or ankle but not just the hands and feet; or
- one eye and any one limb at or above the wrist or ankle but not just the hand or foot, or
- are unable to perform (whether aided or unaided) at least three of the following six activities of daily living for a continuous period of at least six months.
#### Activities of Daily Living:
- Washing - the ability to wash in the bath or shower (including getting into and out of the bath or shower) or wash satisfactorily by other means;
- Dressing - the ability to put on, take off, secure and unfasten all garments and, as appropriate, any braces, artificial limbs or other surgical appliances;
- Feeding - the ability to feed oneself once food has been prepared and made available
- Toileting - the ability to use the lavatory or otherwise manage bowel and bladder functions so as to maintain a satisfactory level of personal hygiene;
- Mobility - the ability to move indoors from room to room on level surfaces;
- Transferring - the ability to move from a bed to an upright chair or wheelchair and vice versa.
The above is the definition of totally and permanently disabled.
The disability must be confirmed by a registered medical practitioner.
[p.5]
(c) If the sum assured of the Accelerated Terminal Illness Benefit is more than the sum assured of the Accelerated Disability Benefit, we will reduce the sum assured of the Accelerated Terminal Illness Benefit to an amount equal to the difference between the sum assured of the Accelerated Terminal Illness Benefit and the sum assured of the Accelerated Disability Benefit. This applies as long as you continue to pay the necessary premiums for both the Death and Accelerated Terminal Illness benefits.
(d) If the sum assured of the Accelerated Terminal Illness Benefit is less than or equal to the sum assured of the Accelerated Disability Benefit, the Accelerated Terminal Illness Benefit will end. In this case, we will not pay for the Accelerated Terminal Illness Benefit once we have paid the Accelerated Disability Benefit.
(e) If the sum assured of the Crisis Care III (PRUActive Term) Benefit (if applicable) is more than the sum assured of the Accelerated Disability Benefit, we will reduce the sum assured of the Crisis Care III (PRUActive Term) Benefit to an amount equal to the difference between the sum assured of the Crisis Care III (PRUActive Term) Benefit and the sum assured of the Accelerated Disability Benefit. This applies as long as you continue to pay the necessary premiums for both the Death and Crisis Care III (PRUActive Term) benefits.
(f) If the sum assured of the Crisis Care III (PRUActive Term) Benefit is less than or equal to the sum assured of the Accelerated Disability Benefit, the Crisis Care III (PRUActive Term) benefits will end. In this case, we will not pay for the Crisis Care III (PRUActive Term) Benefit if we have paid the Accelerated Disability Benefit.
If you have chosen to include the Incremental Sum Assured benefit to the Death benefit and the Crisis Care III (PRUActive Term) benefit (if this applies), the sum assured under a – f of this section will include the Incremental Sum Assured benefit (refer to the Annexure for details on the Incremental Sum Assured benefit).
### When do we pay the Accelerated Disability Benefit?
For a life assured whose age is 65 years or below, we pay when the life assured is totally and permanently disabled, as a result of which the life assured:
- cannot take part in any occupation, business or activity which pays an income; or
- suffers total and permanent loss of use of:
- both eyes;
- any two limbs, each above the wrist or ankle but not just the hands and feet; or
- one eye and any one limb or above the wrist or ankle but not just the hand or foot.
For a life assured whose age is from 66 to 70 years, we pay when the life assured is totally and permanently disabled, as a result of which the life assured:
- suffers total and permanent loss of use of:
- both eyes;
- any two limbs, each above the wrist or ankle but not just the hands and feet; or
- one eye and any one limb at or above the wrist or ankle but not just the hand or foot, or
- are unable to perform (whether aided or unaided) at least three of the following six activities of daily living for a continuous period of at least six months.
#### Activities of Daily Living:
- Washing - the ability to wash in the bath or shower (including getting into and out of the bath or shower) or wash satisfactorily by other means;
- Dressing - the ability to put on, take off, secure and unfasten all garments and, as appropriate, any braces, artificial limbs or other surgical appliances;
- Feeding - the ability to feed oneself once food has been prepared and made available
- Toileting - the ability to use the lavatory or otherwise manage bowel and bladder functions so as to maintain a satisfactory level of personal hygiene;
- Mobility - the ability to move indoors from room to room on level surfaces;
- Transferring - the ability to move from a bed to an upright chair or wheelchair and vice versa.
The above is the definition of totally and permanently disabled.
The disability must be confirmed by a registered medical practitioner.
### Incremental Sum Assured benefit (if applicable):
If you choose to include the Incremental Sum Assured benefit when you bought your policy, your sum assured for Death benefit will automatically increase every year at the rate you chose. This incremental rate is shown in your certificate of life assurance and ranges from 1% to 10% of the basic sum assured. Once the incremental amount is decided, this amount will be added to the Death benefit every year. The premium will also increase every year as the sum assured increases. The increase in premium will be based on the age of the life assured at each sum assured increment. Underwriting is not required.
The incremental rate is applied only on the Death Benefit and starts from the second Policy Year onwards. The incremental amount will be added to the Death benefit only:
- until the Policy Anniversary before the life assured turns 65 years old;
- if the remaining premium term is at least 5 years;
- if the remaining policy term is at least 10 years; and
- for a maximum of 20 years; and
You cannot change the incremental rate after your policy has started.
This benefit can be stopped at any time by either you or us. This means we will stop adding the incremental amount to the Death benefit from then onwards. However, you will not be able to re-activate the benefit once this benefit is stopped.
This benefit does not apply if:
- you bought your policy on sub-standard terms (this means, we gave you our Offer of Conditional Acceptance and offered special terms and conditions for accepting your proposal for life assurance); and
- you made a successful claim for the following benefits:
- Accelerated Terminal Illness;
- Accelerated Disability;
- Early Stage Crisis Cover (if applicable);
- Crisis Care III (PRUActive Term) (if applicable)
- Special Benefit (if applicable);
- Crisis Waiver (if applicable); or
- Early Stage Crisis Waiver (if applicable)
The Incremental Sum Assured benefit will end from the date of diagnosis of any of the above claims.
A "Policy Year" means a year from the first premium due date of the policy or a year from an anniversary of the first premium due date.
### Does this policy have Surrender Value?
If your premium payment term is shorter than your policy term, we give you a surrender value after 36 months from your first premium due date as long as you have paid premiums for 36 months.
If you fail to pay a premium on time and your policy has enough surrender value, we grant you an automatic premium loan.
We charge a yearly interest rate on the loan amount starting from the date of the loan. This interest rate may vary and accrues on a daily basis. On each policy anniversary of your policy, we add the previous year's interest to the loan amount and charge interest on the total until the loan is repaid.
We can change the interest rate but will give you three months' written notice if we do so.
The loan amount and interest will be amounts you owe us. You can repay the loan at any time. We take off the loan amount and interest from any payment we make under your policy.
If the total amount you owe us under your policy is more than the surrender value, your policy will end immediately.
[p.6]
### Incremental Sum Assured benefit (if applicable):
If you choose to include the Incremental Sum Assured benefit when you bought your policy, your sum assured for Death benefit will automatically increase every year at the rate you chose. This incremental rate is shown in your certificate of life assurance and ranges from 1% to 10% of the basic sum assured. Once the incremental amount is decided, this amount will be added to the Death benefit every year. The premium will also increase every year as the sum assured increases. The increase in premium will be based on the age of the life assured at each sum assured increment. Underwriting is not required.
The incremental rate is applied only on the Death Benefit and starts from the second Policy Year onwards. The incremental amount will be added to the Death benefit only:
- until the Policy Anniversary before the life assured turns 65 years old;
- if the remaining premium term is at least 5 years;
- if the remaining policy term is at least 10 years; and
- for a maximum of 20 years; and
You cannot change the incremental rate after your policy has started.
This benefit can be stopped at any time by either you or us. This means we will stop adding the incremental amount to the Death benefit from then onwards. However, you will not be able to re-activate the benefit once this benefit is stopped.
This benefit does not apply if:
- you bought your policy on sub-standard terms (this means, we gave you our Offer of Conditional Acceptance and offered special terms and conditions for accepting your proposal for life assurance); and
- you made a successful claim for the following benefits:
- Accelerated Terminal Illness;
- Accelerated Disability;
- Early Stage Crisis Cover (if applicable);
- Crisis Care III (PRUActive Term) (if applicable)
- Special Benefit (if applicable);
- Crisis Waiver (if applicable); or
- Early Stage Crisis Waiver (if applicable)
The Incremental Sum Assured benefit will end from the date of diagnosis of any of the above claims.
A "Policy Year" means a year from the first premium due date of the policy or a year from an anniversary of the first premium due date.
### Does this policy have Surrender Value?
If your premium payment term is shorter than your policy term, we give you a surrender value after 36 months from your first premium due date as long as you have paid premiums for 36 months.
If you fail to pay a premium on time and your policy has enough surrender value, we grant you an automatic premium loan.
We charge a yearly interest rate on the loan amount starting from the date of the loan. This interest rate may vary and accrues on a daily basis. On each policy anniversary of your policy, we add the previous year's interest to the loan amount and charge interest on the total until the loan is repaid.
We can change the interest rate but will give you three months' written notice if we do so.
The loan amount and interest will be amounts you owe us. You can repay the loan at any time. We take off the loan amount and interest from any payment we make under your policy.
If the total amount you owe us under your policy is more than the surrender value, your policy will end immediately.
### What is the impact of early surrender?
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.
### What are the other features available under PRUActive Term?
- Automatic Premium Loan is available for limited premium payment plans. Please note that taking this loan will reduce the long-term value of the policy. For Automatic Premium Loan, a non-guaranteed loan interest will be charged.
- You can choose to increase the sum assured of your Death Benefit any time during the term of the policy only if:
- your policy, at the time you apply, does not have the Incremental Sum Assured benefit;
- it is after 12 months from the cover start date of your policy;
- the increase is at least SGD100,000 for each application;
- it does not go above the maximum sum assured of two times the basic sum assured; and
- the remaining term of your policy is at least 6 years.
If you have just reduced your sum assured, you cannot apply to increase your Death benefit within 12 months from the effective date your sum assured was reduced.
- You can choose to reduce the sum assured. A reduction in the sum assured will be effected on the Incremental Sum Assured benefit (if applicable) first, then on the basic sum assured. The premiums will be reduced. If there is a reduction of the sum assured of the policy, we will give a new Certificate of Life Assurance reflecting the revised sum assured and premium payable.
Please refer to the policy document for the exact terms and conditions of these additional features.
## Premiums:
Premiums are payable for the period of protection and can be paid monthly, quarterly, half-yearly or yearly.
We guarantee that the premiums for your policy will remain unchanged throughout its premium term as long as you pay the premiums within 30 days of the date they are due.
PRUActive Term is not a Medisave-approved policy and you may not use Medisave to pay the premium for this policy.
## Select additional benefits according to your need(s):
With additional premiums, you may add supplementary benefits to this insurance plan for extra protection. All supplementary benefits are subject to product terms and conditions. Please consult a representative of either Prudential Singapore or a distributor duly appointed by Prudential Singapore for more information.
## Exclusions:
There are certain conditions under which no benefits will be payable. These are stated as exclusions in your policy document. You are advised to read your policy document for the full details of these exclusions.
[p.7]
### What is the impact of early surrender?
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.
### What are the other features available under PRUActive Term?
- Automatic Premium Loan is available for limited premium payment plans. Please note that taking this loan will reduce the long-term value of the policy. For Automatic Premium Loan, a non-guaranteed loan interest will be charged.
- You can choose to increase the sum assured of your Death Benefit any time during the term of the policy only if:
- your policy, at the time you apply, does not have the Incremental Sum Assured benefit;
- it is after 12 months from the cover start date of your policy;
- the increase is at least SGD100,000 for each application;
- it does not go above the maximum sum assured of two times the basic sum assured; and
- the remaining term of your policy is at least 6 years.
If you have just reduced your sum assured, you cannot apply to increase your Death benefit within 12 months from the effective date your sum assured was reduced.
- You can choose to reduce the sum assured. A reduction in the sum assured will be effected on the Incremental Sum Assured benefit (if applicable) first, then on the basic sum assured. The premiums will be reduced. If there is a reduction of the sum assured of the policy, we will give a new Certificate of Life Assurance reflecting the revised sum assured and premium payable.
Please refer to the policy document for the exact terms and conditions of these additional features.
## Premiums:
Premiums are payable for the period of protection and can be paid monthly, quarterly, half-yearly or yearly.
We guarantee that the premiums for your policy will remain unchanged throughout its premium term as long as you pay the premiums within 30 days of the date they are due.
PRUActive Term is not a Medisave-approved policy and you may not use Medisave to pay the premium for this policy.
## Select additional benefits according to your need(s):
With additional premiums, you may add supplementary benefits to this insurance plan for extra protection. All supplementary benefits are subject to product terms and conditions. Please consult a representative of either Prudential Singapore or a distributor duly appointed by Prudential Singapore for more information.
## Exclusions:
There are certain conditions under which no benefits will be payable. These are stated as exclusions in your policy document. You are advised to read your policy document for the full details of these exclusions.
## Note:
Life Insurance is a contract of utmost good faith and a proposer is required to disclose in proposal form fully and faithfully all the facts, which he knows or ought to know, as otherwise the policy issued may be void.
The terms and conditions of your policy are contained in your policy document.
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.
Buying health insurance products that are not suitable for you may impact your ability to finance your future healthcare needs.
## Free Look Period:
After purchasing a life insurance policy, you have a 14-day free-look period - starting from the day you receive your policy documents to review the documents carefully. During this time, if you choose to cancel your policy, we will refund you the premiums you have paid (without interest), less any medical fees and other expenses, such as payments for medical check-ups and medical reports, incurred by us.
If we make your policy document and all other documents from us available electronically via PRUaccess, we consider they have been delivered and received when you receive the relevant SMS or email telling you that the documents are accessible on PRUaccess. Otherwise, we consider your policy and all other documents from us as delivered and received seven days from the date of posting to the last-known address you gave us.
If you decide this policy is not suitable for your needs, simply write to us within the 14-day free-look period.
Version 07/2025
---
### https://lifeinsurance.com.sg/api/product/prudential/prulink-investgrowth/summary.md
# PRULink
InvestGrowth
**Insurer:** Prudential Singapore (Prudential Assurance Company Singapore (Pte) Limited)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/199002477Z/PRULink%20InvestGrowth%20Product%20Summary.pdf
## Source wording
- **Effective from:** (not stated in document)
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/199002477Z/PRULink%20InvestGrowth%20Product%20Summary.pdf
- **PDF sha256:** `7620f663027b72682f92c6e7f81db4036c4e90ef9eec9b4312bfb93a760ebede`
- **Extraction confidence:** verified
## Extracted facts
### free look
```json
{
"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. A premium refund formula, as determined by us, is used to work out the amount to be refunded. In determining the amount to be refunded for investment-linked policies, we are entitled to adjust the amount to reflect the change in market value of the underlying assets."
}
```
### exclusions
```json
[
{
"text": "If the life assured dies due to a pre-existing condition within 12 months from the cover start date of the policy, we pay the higher of: the value of all the units in the Account; or the total premiums paid less any withdrawals, all outstanding amounts owing to us in connection with the policy and expenses (including but not limited to administrative, sales related and medical expenses, if any) incurred by us on the policy.",
"source_page": 3
},
{
"text": "If the life assured dies due to a pre-existing condition within 12 months from the date of an increase in the premium, we pay the higher of: the value of the units of the respective increase in premium; or the respective increase in premium paid less any withdrawals, all outstanding amounts owing to us in connection with the policy and expenses (including but not limited to administrative, sales related and medical expenses, if any) incurred by us on the policy.",
"source_page": 3
},
{
"text": "If the life assured dies due to a pre-existing condition within 12 months from the date of any top-up, we pay the higher of: the value of the units of the respective top-up; or the respective top-up paid less any withdrawals, all outstanding amounts owing to us in connection with the policy and expenses (including but not limited to administrative, sales related and medical expenses, if any) incurred by us on the policy.",
"source_page": 3
},
{
"text": "A pre-existing condition is the existence of any signs or symptoms for which treatment, medication, consultation, advice or diagnosis has been sought or received by the life assured or would have caused an ordinary prudent person to seek treatment, diagnosis or cure, prior to, the cover start date of this policy or the date of any increase in premium or the date of any top-up.",
"source_page": 3
}
]
```
### cash values
```json
{
"has_cash_value": true,
"non_guaranteed_bonus": {
"available": false
},
"guaranteed_surrender_value": {
"basis": "The surrender/maturity value of this plan is the value of all units (including top-ups, but less withdrawals) in your Account at the bid price.",
"available": true,
"source_page": 3
}
}
```
### product type
```json
"investment-linked"
```
### policy basics
```json
{
"minimum_sum_assured": {
"amount": "110% of (the total premiums received plus any top-ups less any withdrawals), or the value of all the units in your account, whichever is higher",
"currency": "SGD",
"source_page": 2
}
}
```
### premium terms
```json
{
"cpf_eligible": {
"srs": true,
"notes": "PRULink InvestGrowth is a recurrent single premium investment-linked insurance plan that offers the opportunity to optimize returns on your savings (Cash, Central Provident Fund (\"CPF\") or Supplementary Retirement Scheme (\"SRS\")). CPFIS-OA and CPFIS-SA annual minimum premium is $3,600. CPF policies have 0% premium charge and assurance charges are not applicable.",
"source_page": 2,
"special_account": true,
"ordinary_account": true
},
"payment_modes": [
"single",
"annual",
"semi-annual",
"quarterly",
"monthly"
],
"minimum_premium": {
"amount": 300,
"currency": "SGD",
"source_page": 2
},
"premium_term_options": [
{
"label": "Recurrent single premium — Cash/SRS monthly",
"description": "Minimum recurrent single premium: $300 monthly for SRS/Cash policies",
"source_page": 2
},
{
"label": "Recurrent single premium — Cash/SRS quarterly",
"description": "Minimum recurrent single premium: $900 quarterly for SRS/Cash policies",
"source_page": 2
},
{
"label": "Recurrent single premium — Cash/SRS half-yearly",
"description": "Minimum recurrent single premium: $1,800 half-yearly for SRS/Cash policies",
"source_page": 2
},
{
"label": "Recurrent single premium — Cash/SRS/CPFIS-OA/CPFIS-SA annually",
"description": "Minimum recurrent single premium: $3,600 annually for SRS/Cash/CPFIS-OA/CPFIS-SA policies",
"source_page": 2
}
]
}
```
### suicide clause
```json
{
"source_page": 2,
"payout_within_period": "If the life assured commits suicide within 12 months from the cover start date or date of reinstatement (if any) of your policy, we will void your policy. In this case, we cancel it and refund the premiums received from you. We will first deduct any withdrawals, all other amounts you owe us in connection with your policy and expenses (including administrative, sales-related and medical expenses) we have had to pay on your policy.",
"exclusion_period_months": 12
}
```
### document metadata
```json
{
"wording_version": "Version 02/2026",
"product_full_name": "PRULink InvestGrowth",
"insurer_legal_entity": "Prudential Assurance Company Singapore (Pte) Limited"
}
```
---
*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.*
---
### https://lifeinsurance.com.sg/api/product/prudential/prulink-investgrowth/wording.md
# PRODUCT SUMMARY: PRULink InvestGrowth
[p.1]
This Product Summary is a simplified description of the key product features. The exact terms can be found in the policy document.
## Details of Product Provider:
Prudential Assurance Company Singapore (Pte) Limited ("Prudential Singapore"), 30 Cecil Street, #30-01 Prudential Tower, Singapore 049712 Tel: 1800-3330 333 is the product provider.
Prudential Singapore is responsible for the product features and contractual provisions and these will be explained to you by a representative of either Prudential Singapore or a distributor duly appointed by Prudential Singapore.
## Aggregation rule:
The aggregate premiums payable for selected plans* per life assured issued in the past 24 months cannot exceed S$15 million (or equivalent). The calculation is based on the total committed premiums of the product, excluding premiums for supplementary benefits (if any) (e.g. 10 x annual premium for a 10-year premium term product, or full single premium for a single premium product). US dollar denominated policies will be aggregated after applying an exchange rate of US$1 to S$1.40 on the premiums payable. We reserve the right to review/vary this rate.
*Please find the full list of selected plans at www.prudential.com.sg
## Nature of Plan:
PRULink InvestGrowth is a recurrent single premium investment-linked insurance plan that offers the opportunity to optimize returns on your savings (Cash, Central Provident Fund ("CPF") or Supplementary Retirement Scheme ("SRS")) with the benefit of life insurance coverage. With regular contribution, this plan can help to grow a customer's wealth steadily.
The cash value of the plan reflects the premium charge, the assurance charges (cost of providing insurance cover) levied and the investment performance of the fund(s) it is invested in.
The assurance charge will be funded through the cancellation of units at bid price. Please note that every investment-linked product/fund or combination of funds has its own characteristics including investment horizon, liquidity, and level of risk and you may consider some to be more appropriate to satisfy your individual needs and preferences.
Please note that the product you are purchasing is a Specified Investment Product.
This policy and its Supplementary benefit(s) (if any) is/are 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 your insurer or visit the General Insurance Association (GIA) /Life Insurance Association (LIA) or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).
The proposer acknowledges receipt of all the pages of the Product Summary for the Main plan, the relevant Fund Information Booklet(s) and the Product Highlights Sheet(s) (where applicable). The contents have been explained to your satisfaction.
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# Product Benefit:
## Death Benefit:
If the life assured dies, we pay the higher of (a) or (b):
a) 110% of (the total premiums received plus any top-ups less any withdrawals), or
b) the value of all the units in your account.
To work out the value of your units, we use the bid price on the next business day after you let us know the death of the life assured.
If the life assured commits suicide within 12 months from the cover start date or date of reinstatement (if any) of your policy, we will void your policy. In this case, we cancel it and refund the premiums received from you. We will first deduct any withdrawals, all other amounts you owe us in connection with your policy and expenses (including administrative, sales-related and medical expenses) we have had to pay on your policy.
## Premium:
The minimum recurrent single premium and increase in recurrent single premium is currently:
| | Minimum Premium | | | | Increase in Recurrent Single Premium | | | |
|---|---|---|---|---|---|---|---|---|
| | Monthly | Quarterly | Half-yearly | Annually | Monthly | Quarterly | Half-yearly | Annually |
| CPFIS-OA | - | - | - | $3,600 | - | - | - | $900 |
| CPFIS-SA | | | | $3,600 | | | | $900 |
| SRS | $300 | $900 | $1,800 | $3,600 | $225 | $225 | $450 | $900 |
| Cash | $300 | $900 | $1,800 | $3,600 | $225 | $225 | $450 | $900 |
You can increase or reduce the amount you pay as premium at any time. To apply, you must use our appropriate application form and meet the conditions on it.
## PRULink Funds:
Please refer to Appendix A for the list of available Investment-Linked Funds and the respective Fund Information Booklet for details on the PRULink funds ("PRULink Funds").
If you choose a PRULink Fund that aims to distribute dividends on a regular basis, please note that the distribution of dividends is at the discretion of the underlying fund's Board of Directors, Manager and/or Prudential Singapore, and is not guaranteed. The distribution of dividends may be effectively paid out of capital, which will reduce the net asset value of the Fund which is used to calculate the Fund's unit price and the surrender value of the policy.
## Options:
You can choose to do any of the following. However, we may change, introduce new options or at our discretion withdraw the options offered as we consider appropriate.
### 1. Switching
You can ask us to switch the units in your Account to other PRULink Funds that are available.
There is a minimum amount you can switch out of a PRULink Fund and this minimum amount will be made known to you at the time of your application to do the switch.
The value of the remaining units in the PRULink Fund that you are switching out from cannot be lower than a stipulated minimum amount. To calculate the value of the remaining units, we use the bid price at the time the switch is carried out.
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If the value of the remaining units is lower than the stipulated minimum amount, you must switch all the units out of the fund. We reserve the right to vary, from time to time, the minimum amount you can switch out of a fund in respect of any new application to switch funds. This minimum amount will be made known to you at the time of your application to do the switch.
To apply, you must use our appropriate application form and meet the conditions on it.
### 2. Top-up your premium
You can top-up your premium by paying an additional one-off amount. The minimum top-up amount is $2,000. Top-ups are allowed at any time within the permissible age limits with additional death benefits of 110% of single premium.
To apply, you must use our appropriate application form and meet the conditions on it.
### 3. Make withdrawals
You can make partial or full withdrawal by asking us to sell some or all of the units in your Account. To apply you must use our appropriate application form and meet the conditions on it.
You can only make a partial withdrawal if you have a minimum amount in your Account. The minimum amount you can withdraw is currently $1,000. The remaining units in your Account must be worth at least $1,000 based on the bid price at the time of withdrawal. If not, you will not be able to make a partial withdrawal.
## Exclusions:
There are certain conditions under which no benefits will be payable. You are advised to read your policy document for the full details of these exclusions.
If the life assured dies due to a pre-existing condition within 12 months from the cover start date of the policy, we pay the higher of:
- the value of all the units in the Account; or
- the total premiums paid less any withdrawals, all outstanding amounts owing to us in connection with the policy and expenses (including but not limited to administrative, sales related and medical expenses, if any) incurred by us on the policy.
If the life assured dies due to a pre-existing condition within 12 months from the date of an increase in the premium, we pay the higher of:
- the value of the units of the respective increase in premium; or
- the respective increase in premium paid less any withdrawals, all outstanding amounts owing to us in connection with the policy and expenses (including but not limited to administrative, sales related and medical expenses, if any) incurred by us on the policy.
If the life assured dies due to a pre-existing condition within 12 months from the date of any top-up, we pay the higher of:
- the value of the units of the respective top-up; or
- the respective top-up paid less any withdrawals, all outstanding amounts owing to us in connection with the policy and expenses (including but not limited to administrative, sales related and medical expenses, if any) incurred by us on the policy.
A pre-existing condition is the existence of any signs or symptoms for which treatment, medication, consultation, advice or diagnosis has been sought or received by the life assured or would have caused an ordinary prudent person to seek treatment, diagnosis or cure, prior to, the cover start date of this policy or the date of any increase in premium or the date of any top-up.
## Surrender/Maturity Value:
The surrender/maturity value of this plan is the value of all units (including top-ups, but less withdrawals) in your Account at the bid price.
## Direct Income Option
If you bought your policy using cash, that means not using your CPF or SRS monies, you can choose to add this benefit to your policy.
We pay a fixed amount (Direct Income) monthly from your policy (Main Policy), for as long as there are sufficient units left in your Account.
The minimum monthly Direct Income amount is $100 and this will be credited directly into your bank account. You can increase or decrease the Direct Income amount during the Direct Income payment period subject to the minimum amount as mentioned above and the value of units left in your main policy.
You must apply for the change in your Direct Income amount on our appropriate application form and meet the conditions on it. If you should change the bank account where your Direct Income is credited into, you must also apply on our appropriate application form and meet the conditions on it. These changes will then take effect at the end of the next calendar month following the approval of your application.
We can change the minimum monthly Direct Income amount but will give you 30 days' written notice before we do so.
When you do a lump sum top-up into your main policy or make a withdrawal from your main policy, it may affect the length of the Direct Income payment period. We do not guarantee the length of the Direct Income payment period, as this will also depend on the value of the units in your main policy.
If the main policy's unit value has less than 2 months' worth of monthly Direct Income, this amount will be paid out in a lump sum. We will write to you when we pay your last Direct Income, as there will be no more units left in your policy and as a result your main policy will end.
The monthly Direct Income payments will start at the end of the next month, following:
- the approval of this application; or
- the main policy's anniversary before the life assured turns 62 years old;
whichever is later.
When we deduct the units in your main policy to pay you the monthly Direct Income, we will use the bid price on the 21st of every month. Should this day fall on a weekend or a public holiday, we will use the bid price on the following business day.
**Example:**
Policy anniversary date – 2 May
First Direct Income date – 30 June
Bid price of 21 June will be used.
If you have invested in more than one fund, we will deduct proportionately from each fund based on their corresponding unit value at bid price, to make up your monthly Direct Income amount.
You may choose to stop the monthly Direct Income after they have started. This will take effect at the end of the next month, following the approval of the request.
If you wish to reapply for the Direct Income option, you can apply on our appropriate application form and meet the conditions on it. There is a processing fee for each reapplication of the Direct Income option. This processing fee can change and we will let you know when you reapply for the Direct Income option.
The Direct Income payment will then take effect at the end of the next month, following the approval of your application.
If the life assured dies, the monthly Direct Income will stop.
The Direct Income payments shall be treated as withdrawals when calculating the death benefit of the main policy.
This option is not available for policies that:
- are put under trust,
- have been assigned, or
- are owned by an undischarged bankrupt.
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We pay a fixed amount (Direct Income) monthly from your policy (Main Policy), for as long as there are sufficient units left in your Account.
The minimum monthly Direct Income amount is $100 and this will be credited directly into your bank account. You can increase or decrease the Direct Income amount during the Direct Income payment period subject to the minimum amount as mentioned above and the value of units left in your main policy.
You must apply for the change in your Direct Income amount on our appropriate application form and meet the conditions on it. If you should change the bank account where your Direct Income is credited into, you must also apply on our appropriate application form and meet the conditions on it. These changes will then take effect at the end of the next calendar month following the approval of your application.
We can change the minimum monthly Direct Income amount but will give you 30 days' written notice before we do so.
When you do a lump sum top-up into your main policy or make a withdrawal from your main policy, it may affect the length of the Direct Income payment period. We do not guarantee the length of the Direct Income payment period, as this will also depend on the value of the units in your main policy.
If the main policy's unit value has less than 2 months' worth of monthly Direct Income, this amount will be paid out in a lump sum. We will write to you when we pay your last Direct Income, as there will be no more units left in your policy and as a result your main policy will end.
The monthly Direct Income payments will start at the end of the next month, following:
- the approval of this application; or
- the main policy's anniversary before the life assured turns 62 years old;
whichever is later.
When we deduct the units in your main policy to pay you the monthly Direct Income, we will use the bid price on the 21st of every month. Should this day fall on a weekend or a public holiday, we will use the bid price on the following business day.
**Example:**
Policy anniversary date – 2 May
First Direct Income date – 30 June
Bid price of 21 June will be used.
If you have invested in more than one fund, we will deduct proportionately from each fund based on their corresponding unit value at bid price, to make up your monthly Direct Income amount.
You may choose to stop the monthly Direct Income after they have started. This will take effect at the end of the next month, following the approval of the request.
If you wish to reapply for the Direct Income option, you can apply on our appropriate application form and meet the conditions on it. There is a processing fee for each reapplication of the Direct Income option. This processing fee can change and we will let you know when you reapply for the Direct Income option.
The Direct Income payment will then take effect at the end of the next month, following the approval of your application.
If the life assured dies, the monthly Direct Income will stop.
The Direct Income payments shall be treated as withdrawals when calculating the death benefit of the main policy.
This option is not available for policies that:
- are put under trust,
- have been assigned, or
- are owned by an undischarged bankrupt.
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After the Direct Income payments have started, if your main policy is put under trust or is assigned or you become a bankrupt, the Direct Income payments will stop.
Any Direct Income payment due that has not been processed will not be paid. For Direct Income payments already processed, they will be paid accordingly. The Direct Income payments will then stop in the following month.
Your Direct Income option will end when:
- your main policy ends,
- the life assured dies, or
- there are no more units in your main policy.
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# Charges:
The following charges will be levied on the policy where applicable.
## 1. Premium Charge:
The premium charge is an upfront charge that is deducted from premium paid for fees and charges, other than charges for insurance coverage.
### Recurrent Single Premium (Basic and Increase in Premium)
| | Premium Charge (Percentage of Recurrent Single Premium) | |
|---|---|---|
| | For SRS/ Cash policies | For CPF-OA & CPF-SA policies |
| | 3% | 0% |
### Top-up Premium
| | Premium Charge (Percentage of top-up premium) | |
|---|---|---|
| | For SRS/ Cash policies | For CPF-OA & CPF-SA policies |
| All premium amount | 3% | 0% |
### e-Top-up Premium
| | Premium Charge (Percentage of e-top-up premium) | |
|---|---|---|
| | For SRS/ Cash policies | For CPF-OA & CPF-SA policies |
| All premium amount | 2.5% | 0% |
## 2. Assurance Charge
If you bought your policy with Cash or SRS monies, there is an assurance charge for every premium that you pay. The assurance charge is 1.5% of the recurrent single premium or top-up premium.
We use the bid price on the next business day following the cover start date of your policy to sell proportionate units from all the PRULink Funds you have invested to pay for the assurance charge.
If you bought your policy with CPF monies, the assurance charges are not applicable.
## 3. Investment Charges
Please refer to the section on Fees under the respective schedules in the Fund Information Booklet for details.
## Reports:
You will receive a statement on the performance and value of your investment-linked policies. The statement will be issued by Prudential annually.
The financial year-end of the PRULink Funds is 31 December of each year. You will receive the Semi-Annual Report and Annual Audited Report within 2 months and 3 months respectively from the last date of the period to which the report dates. The Semi-Annual Report and Annual Audited Report may also be obtained from www.prudential.com.sg.
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# What happens if the parties involved in the PRULink Funds becomes insolvent?
## Eastspring Investments (Singapore) Limited
The assets of the Funds and/or the Underlying Funds and/or Underlying Entities are held by a Custodian and/or a Trustee. The Custodian and/or Trustee shall keep these assets segregated on its books and records from its own assets and the assets of its other clients.
## Schroders Investment Management (Singapore) Limited
Securities held by the Custodian or the Trustee will be segregated from the other assets of the Fund Manager or the Investment Managers (as the case may be) and ring-fenced against the insolvency of the Fund Manager and/or the Investment Managers.
## abrdn Asia Limited
The Trustee of the Fund, the abrdn Select Portfolio, is responsible for the safe-keeping of the assets of the Underlying Fund in accordance with the trust deed of the abrdn Select Portfolio.
Under the trust deed of the abrdn Select Portfolio, if the Investment Manager, i.e. abrdn Asia Limited, goes into liquidation (except a voluntary liquidation for the purpose of reconstruction or amalgamation upon terms previously approved in writing by the Trustee) or if a receiver is appointed over any of its assets or a judicial manager is appointed in respect of the Investment Manager or if it ceases business, the Trustee may remove the Investment Manager. The Underlying Fund may also be terminated by the Trustee if the Investment Manager goes into liquidation (except a voluntary liquidation for the purpose of reconstruction or amalgamation upon terms previously approved in writing by the Trustee) or if a receiver is appointed over any of its assets or if a judicial manager is appointed in respect of the Investment Manager or if any encumbrancer takes possession of any of its assets or if it ceases business.
## JPMorgan Asset Management Limited
The Managers and/or Investment Managers use a Custodian or a Trustee to safeguard the assets of the Funds and/or the Underlying Funds.
The assets of the PRULink Funds will appear in the Manager's and/or Investment Manager's books (as the case may be) as belonging to the Product Provider. The assets of the Funds and/or the Underlying Funds held by the Custodian or the Trustee will be segregated from all other assets which mitigates but does not exclude the risk of non-restitution of the assets in the case of the insolvency of the Manager and/or the Investment Manager.
## FIL Fund Management Limited
The Managers and/or Investment Managers use a Custodian or a Trustee to safeguard the assets of the Funds and/or the Underlying Funds. The assets of the PRULink Fund will appear in the Underlying Fund's books (as the case may be) as belonging to the Product Provider. Securities held by the Custodian or the Trustee will be segregated from the other assets of the Fund Managers or the Investment Managers (as the case may be) which mitigates but does not exclude the risk of non-restitution of the assets in the case of the insolvency of the Manager and/or the Investment Manager.
## LaSalle Investment Management Limited
The LaSalle Global Property Fund SICAV – SIF uses a third-party Custodian to safeguard the assets of Sub-Fund I. The Sub-Fund I itself is subject to the rules and regulations of Luxembourg as a specialized investment fund. The assets of the LaSalle Global Property Fund SICAV - SIF appear on the Custodian's books as belonging to the LaSalle Global Property Fund SICAV - SIF. The PRULink Fund furthermore is listed on the Custodian's books as a Sub-Fund I shareholder.
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Securities held by the Custodian will be segregated from the other assets of the Portfolio Manager and Sub-Portfolio Manager (as the case may be) which mitigates but does not exclude the risk of non-restitution of the assets in the case of the insolvency of the Portfolio Manager and/or the Sub-Portfolio Manager.
## Fullerton Fund Management Company Ltd. (the "Manager")
If the Manager go into liquidation (except a voluntary liquidation for reconstruction or amalgamation upon previously approved terms) or if a receiver is appointed over any of the Manager's assets or a judicial manager is appointed in respect of the Manager, the Trustee may by notice in writing remove the Manager as Managers and appoint some other corporation as manager of the Fund and/or terminate the Fund in accordance with the Deed. If the Trustee goes into liquidation (except a voluntary liquidation for reconstruction or amalgamation) or if a receiver is appointed over any of its assets or a judicial manager is appointed in respect of the Trustee, the Manager may by notice in writing remove the Trustee and appoint another person as the new trustee of the Fund in accordance with the Deed. In the event the Custodian becomes insolvent, the Trustee may by notice in writing, terminate the custodian agreement entered into with the Custodian and, in accordance with the Deed, appoint such person as the new custodian to provide custodial services to the Fund globally.
## Prudential Assurance Company Singapore (Pte) Limited ("Prudential Singapore")
Where Prudential Singapore is the named Manager, it uses a Custodian to safeguard units held within the Funds. Units held by the Custodian will be segregated from the Custodian's own assets and the assets of its other clients. The securities of the underlying funds would be safeguarded by the respective Fund or Investment Manager's appointed Custodian or Trustee.
## PIMCO Asia Limited
PIMCO Funds: Global Investors Series plc (the "Company") is an umbrella type open-ended investment company with variable capital and with segregated liability between Funds incorporated with limited liability under the laws of Ireland and is subject to the rules and regulations of the Central Bank of Ireland.
The Company is an Irish UCITS which appointed a third party Depositary, State Street Custodial Services (Ireland) Limited to act as depositary (the "Depositary") to safeguard the assets of each Fund. The duty of the Depositary is to provide safekeeping, oversight and asset verification in respect of the assets of the Company and each Fund in accordance with the provisions of Irish law the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations, 2011 (S.I. No. 352 of 2011) and any further amendments thereto) and any regulations or notices issued by the Central Bank of Ireland pursuant thereto for the time being in force. As a matter of Irish law, any liability attributable to a particular Fund may only be discharged out of the assets of that Fund and assets of other Funds may not be used to satisfy the liability of that Fund.
## Wellington Management Company LLP
Assets of the funds are held in custody by the appointed depositary in accordance with UCITS regulation. This custody arrangement should not be impacted by the insolvency of the investment manager.
## GMO Investment Management Company (Ireland) Limited
A Depositary is responsible for the safe-keeping of the Underlying Fund's assets. The Depositary's functions include holding in custody all financial instruments that are registered directly or indirectly in the name of the Depositary in a financial instruments account and verifying the ownership of other assets and maintaining a record of the other assets for which it is satisfied that the Underlying Fund holds the ownership.
## HSBC Global Asset Management (Singapore) Limited
The assets of the UCITS are segregated from the assets of both the depositary and the manager. Therefore, the UCITS assets are protected in case of a default by the manager or the depositary.
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Securities held by the Custodian will be segregated from the other assets of the Portfolio Manager and Sub-Portfolio Manager (as the case may be) which mitigates but does not exclude the risk of non-restitution of the assets in the case of the insolvency of the Portfolio Manager and/or the Sub-Portfolio Manager.
## Fullerton Fund Management Company Ltd. (the "Manager")
If the Manager go into liquidation (except a voluntary liquidation for reconstruction or amalgamation upon previously approved terms) or if a receiver is appointed over any of the Manager's assets or a judicial manager is appointed in respect of the Manager, the Trustee may by notice in writing remove the Manager as Managers and appoint some other corporation as manager of the Fund and/or terminate the Fund in accordance with the Deed. If the Trustee goes into liquidation (except a voluntary liquidation for reconstruction or amalgamation) or if a receiver is appointed over any of its assets or a judicial manager is appointed in respect of the Trustee, the Manager may by notice in writing remove the Trustee and appoint another person as the new trustee of the Fund in accordance with the Deed. In the event the Custodian becomes insolvent, the Trustee may by notice in writing, terminate the custodian agreement entered into with the Custodian and, in accordance with the Deed, appoint such person as the new custodian to provide custodial services to the Fund globally.
## Prudential Assurance Company Singapore (Pte) Limited ("Prudential Singapore")
Where Prudential Singapore is the named Manager, it uses a Custodian to safeguard units held within the Funds. Units held by the Custodian will be segregated from the Custodian's own assets and the assets of its other clients. The securities of the underlying funds would be safeguarded by the respective Fund or Investment Manager's appointed Custodian or Trustee.
## PIMCO Asia Limited
PIMCO Funds: Global Investors Series plc (the "Company") is an umbrella type open-ended investment company with variable capital and with segregated liability between Funds incorporated with limited liability under the laws of Ireland and is subject to the rules and regulations of the Central Bank of Ireland.
The Company is an Irish UCITS which appointed a third party Depositary, State Street Custodial Services (Ireland) Limited to act as depositary (the "Depositary") to safeguard the assets of each Fund. The duty of the Depositary is to provide safekeeping, oversight and asset verification in respect of the assets of the Company and each Fund in accordance with the provisions of Irish law the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations, 2011 (S.I. No. 352 of 2011) and any further amendments thereto) and any regulations or notices issued by the Central Bank of Ireland pursuant thereto for the time being in force. As a matter of Irish law, any liability attributable to a particular Fund may only be discharged out of the assets of that Fund and assets of other Funds may not be used to satisfy the liability of that Fund.
## Wellington Management Company LLP
Assets of the funds are held in custody by the appointed depositary in accordance with UCITS regulation. This custody arrangement should not be impacted by the insolvency of the investment manager.
## GMO Investment Management Company (Ireland) Limited
A Depositary is responsible for the safe-keeping of the Underlying Fund's assets. The Depositary's functions include holding in custody all financial instruments that are registered directly or indirectly in the name of the Depositary in a financial instruments account and verifying the ownership of other assets and maintaining a record of the other assets for which it is satisfied that the Underlying Fund holds the ownership.
## HSBC Global Asset Management (Singapore) Limited
The assets of the UCITS are segregated from the assets of both the depositary and the manager. Therefore, the UCITS assets are protected in case of a default by the manager or the depositary.
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## UOB Asset Management Limited
The Trustee shall be responsible for the safe keeping of the Deposited Property of each Sub-Fund in accordance with the provisions of the Deed and shall stand possessed of the assets of each Sub-Fund as a single common fund, separate from each of the other Sub-Funds established hereunder, upon trust for the Holders of Units relating to such Sub-Fund and any moneys forming part of the Deposited Property of such Sub-Fund shall from time to time be invested at the direction of the Managers in accordance with the provisions of the Deed provided however that nothing in this Clause shall prevent the Trustee, at the direction of the Managers, form holding an asset on behalf of one or more Sub-Funds pro-rata to the contribution made by each Sub-Fund for the acquisition of such asset.
## Amundi Singapore Limited
The Fund's depositary holds all of the Fund's assets, including its cash and securities, either directly or through other financial institutions such as correspondent banks, subsidiaries or affiliates of the depositary. All assets that can be held in custody are registered in the depositary's books in segregated accounts, opened in the name of the Fund, in respect of each Sub-Fund.
## M&G Luxembourg S.A.
The assets of the Fund are held in safekeeping by the Depositary detailed in the prospectus. In the event of the insolvency of the Manager, the Fund's assets in the safekeeping of the Depositary will not be affected. However, in the event of the Depositary's insolvency, or someone acting on its behalf, the Fund may suffer a financial loss. However, this risk is mitigated to a certain extent by the fact the Depositary is required by law to segregate its own assets from the assets of the Fund. The Depositary will also be liable to the Fund and the investors for any loss arising from, among other things, its negligence, fraud or intentional failure properly to fulfil its obligations (subject to certain limitations).
## Franklin Templeton
Templeton Asset Management Ltd is an indirectly wholly owned subsidiary of Franklin Resources, Inc., which operates as Franklin Templeton ("FT").
Franklin Templeton is made up of renowned names in the investment management industry such as Franklin, Templeton and Mutual Series and other specialized investment teams, each with its own unique investment style and specialization. FT is able to capitalize on the investment and research expertise of investment professionals worldwide to seek consistently superior performance in the long-term.
Franklin Resources, Inc., listed on the New York Stock Exchange, is currently one of the largest publicly traded U.S. asset managers in terms of both assets under management and market capitalization.
Franklin Templeton marked its presence in Singapore with the set up of a research office in 1990. Templeton Asset Management Ltd was officially incorporated in September 1992 and was registered as an Investment Advisor with the Authority under the now repealed Securities Industry Act. Templeton Asset Management Ltd currently holds a Capital Markets Services Licence for fund management issued by the Authority pursuant to the Securities and Futures Act.
Templeton Asset Management Ltd has been credited for providing innovative and creative investment products to the Singapore investing public since it pioneered Singapore's first umbrella and feeder fund, Franklin Templeton Funds, in 1996. Subsequently, it went on to launch the first emerging markets fund, the first life sciences fund and the first U.S. government securities fund in Singapore within a span of 5 years.
Templeton Asset Management Ltd has been managing collective investment schemes since 1992.
Franklin Templeton International Services S.à r.l. or, where relevant, the members of the Management Company's board of managers may terminate any Investment Manager with immediate effect, in the event of the insolvency of such Investment Manager.
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## UOB Asset Management Limited
The Trustee shall be responsible for the safe keeping of the Deposited Property of each Sub-Fund in accordance with the provisions of the Deed and shall stand possessed of the assets of each Sub-Fund as a single common fund, separate from each of the other Sub-Funds established hereunder, upon trust for the Holders of Units relating to such Sub-Fund and any moneys forming part of the Deposited Property of such Sub-Fund shall from time to time be invested at the direction of the Managers in accordance with the provisions of the Deed provided however that nothing in this Clause shall prevent the Trustee, at the direction of the Managers, form holding an asset on behalf of one or more Sub-Funds pro-rata to the contribution made by each Sub-Fund for the acquisition of such asset.
## Amundi Singapore Limited
The Fund's depositary holds all of the Fund's assets, including its cash and securities, either directly or through other financial institutions such as correspondent banks, subsidiaries or affiliates of the depositary. All assets that can be held in custody are registered in the depositary's books in segregated accounts, opened in the name of the Fund, in respect of each Sub-Fund.
## M&G Luxembourg S.A.
The assets of the Fund are held in safekeeping by the Depositary detailed in the prospectus. In the event of the insolvency of the Manager, the Fund's assets in the safekeeping of the Depositary will not be affected. However, in the event of the Depositary's insolvency, or someone acting on its behalf, the Fund may suffer a financial loss. However, this risk is mitigated to a certain extent by the fact the Depositary is required by law to segregate its own assets from the assets of the Fund. The Depositary will also be liable to the Fund and the investors for any loss arising from, among other things, its negligence, fraud or intentional failure properly to fulfil its obligations (subject to certain limitations).
## Franklin Templeton
Templeton Asset Management Ltd is an indirectly wholly owned subsidiary of Franklin Resources, Inc., which operates as Franklin Templeton ("FT").
Franklin Templeton is made up of renowned names in the investment management industry such as Franklin, Templeton and Mutual Series and other specialized investment teams, each with its own unique investment style and specialization. FT is able to capitalize on the investment and research expertise of investment professionals worldwide to seek consistently superior performance in the long-term.
Franklin Resources, Inc., listed on the New York Stock Exchange, is currently one of the largest publicly traded U.S. asset managers in terms of both assets under management and market capitalization.
Franklin Templeton marked its presence in Singapore with the set up of a research office in 1990. Templeton Asset Management Ltd was officially incorporated in September 1992 and was registered as an Investment Advisor with the Authority under the now repealed Securities Industry Act. Templeton Asset Management Ltd currently holds a Capital Markets Services Licence for fund management issued by the Authority pursuant to the Securities and Futures Act.
Templeton Asset Management Ltd has been credited for providing innovative and creative investment products to the Singapore investing public since it pioneered Singapore's first umbrella and feeder fund, Franklin Templeton Funds, in 1996. Subsequently, it went on to launch the first emerging markets fund, the first life sciences fund and the first U.S. government securities fund in Singapore within a span of 5 years.
Templeton Asset Management Ltd has been managing collective investment schemes since 1992.
Franklin Templeton International Services S.à r.l. or, where relevant, the members of the Management Company's board of managers may terminate any Investment Manager with immediate effect, in the event of the insolvency of such Investment Manager.
---
# Note:
[p.10]
Life insurance is a contract of utmost good faith and a Proposer is required to disclose in the proposal form fully and faithfully all the facts which he/she knows or ought to know, as otherwise the policy issued may be void.
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. Investment products are subject to investment risks including the possible loss of the principal amount invested. The value of the units and the income accruing to the units (if any) may fall or rise.
Please refer to the exact terms and conditions, specific details and exclusions applicable to these insurance products in the policy document.
We reserve the right to change, introduce new options or at our discretion withdraw the options offered, change the charges, as we consider appropriate.
## Free Look Period:
After purchasing a life insurance policy, you have a 14-day free-look period - starting from the day you receive your policy documents to review the documents carefully. During this time, if you choose to cancel your 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. A premium refund formula, as determined by us, is used to work out the amount to be refunded. In determining the amount to be refunded for investment-linked policies, we are entitled to adjust the amount to reflect the change in market value of the underlying assets.
If your policy document and all other documents from us are made available electronically via our secure online portal on our website, then they are considered delivered and received when you receive the relevant SMS and/or email notification informing you that the documents are accessible on this portal.
Otherwise, your policy and all other documents from us are considered delivered and received in the ordinary course of the post, 7 days from the date of posting to the last known address notified to us.
If you decide this policy is not suitable for your needs, simply write to us within the 14-day free-look period.
---
# Appendix A – Available Investment-Linked Funds
[p.11]
## PRULINK FUNDS
| PRULINK FUNDS | Continuing Investment Charge* | CASH | SRS¹ | CPFIS-OA² | CPFIS-SA³ |
|---|---|---|---|---|---|
| PRULink ActiveInvest Portfolio – Balanced (Accumulation) | 1.20% | ✓ | ✓ | ✗ | ✗ |
| PRULink ActiveInvest Portfolio – Conservative (Accumulation) | 0.95% | ✓ | ✓ | ✗ | ✗ |
| PRULink ActiveInvest Portfolio – Growth (Accumulation) | 1.35% | ✓ | ✓ | ✗ | ✗ |
| PRULink ActiveInvest Portfolio – Moderate (Accumulation) | 1.05% | ✓ | ✓ | ✗ | ✗ |
| PRULink Adapt 2035 Fund | 1.45% | ✓ | ✓ | ✓ | ✗ |
| PRULink America Fund | 1.35% | ✓ | ✓ | ✓ | ✗ |
| PRULink Asian American Managed Fund | 1.30% | ✓ | ✓ | ✗ | ✗ |
| PRULink Asian Equity Fund | 1.50% | ✓ | ✓ | ✗ | ✗ |
| PRULink Asian Fixed-Income Fund (Accumulation) | 1.00% | ✓ | ✓ | ✗ | ✗ |
| PRULink Asian Fixed-Income Fund (Distribution) | 1.00% | ✓ | ✓ | ✗ | ✗ |
| PRULink Asian Income and Growth Fund (Accumulation) | 1.30% | ✓ | ✓ | ✓ | ✓ |
| PRULink Asian Income and Growth Fund (Distribution) | 1.30% | ✓ | ✓ | ✗ | ✗ |
| PRULink Asian Income Fund | 1.50% | ✓ | ✓ | ✗ | ✗ |
| PRULink Asian Low Volatility Equity Fund (Accumulation) | 1.45% | ✓ | ✓ | ✗ | ✗ |
| PRULink Asian Multi-Asset Income Fund (Accumulation) | 1.30% | ✓ | ✓ | ✗ | ✗ |
| PRULink Asian Multi-Asset Income Fund (Decumulation) | 1.30% | ✓ | ✓ | ✗ | ✗ |
| PRULink Asian Multi-Asset Income Fund (Distribution) | 1.30% | ✓ | ✓ | ✗ | ✗ |
| PRULink China-India Fund | 1.50% | ✓ | ✓ | ✗ | ✗ |
| PRULink Emerging Markets Fund | 1.60% | ✓ | ✓ | ✓ | ✗ |
| PRULink Global Bond Fund | 0.75% | ✓ | ✓ | ✓ | ✓ |
| PRULink Global Climate Change Equity Fund (Accumulation) | 1.50% | ✓ | ✓ | ✗ | ✗ |
| PRULink Global Diversified Income Fund (Distribution) | 1.35% | ✓ | ✓ | ✗ | ✗ |
| PRULink Global Episode Macro Fund (Accumulation) | 2.25% | ✓ | ✓ | ✗ | ✗ |
| PRULink Global Equity Fund | 1.30% | ✓ | ✓ | ✓ | ✗ |
| PRULink Global Equity Fund (Distribution) | 1.30% | ✓ | ✓ | ✗ | ✗ |
| PRULink Global Equity Growth Fund (Accumulation) | 1.30% | ✓ | ✓ | ✗ | ✗ |
| PRULink Global Fixed-Income Fund (Accumulation) | 1.05% | ✓ | ✓ | ✗ | ✗ |
| PRULink Global Growth Fund (Accumulation)⁵ | 1.30% | ✓ | ✓ | ✗ | ✗ |
| PRULink Global Impact ESG Equity Fund (Accumulation) | 1.50% | ✓ | ✓ | ✗ | ✗ |
| PRULink Global Income Fund (Accumulation)⁵ | 1.15% | ✓ | ✓ | ✗ | ✗ |
| PRULink Global Innovation Equity Fund (Accumulation) | 1.50% | ✓ | ✓ | ✗ | ✗ |
---
[p.12]
| PRULINK FUNDS | Continuing Investment Charge* | CASH | SRS¹ | CPFIS-OA² | CPFIS-SA³ |
|---|---|---|---|---|---|
| PRULink Global Managed Fund | 1.30% | ✓ | ✓ | ✓ | ✓ |
| PRULink Global Managed Fund (Distribution) | 1.30% | ✓ | ✓ | ✗ | ✗ |
| PRULink Global Multi-Asset Income Fund (Accumulation) | 1.30% | ✓ | ✓ | ✗ | ✗ |
| PRULink Global Multi-Asset Income Fund (Decumulation) | 1.30% | ✓ | ✓ | ✗ | ✗ |
| PRULink Global Multi-Asset Income Fund (Distribution) | 1.30% | ✓ | ✓ | ✗ | ✗ |
| PRULink Global Property Securities Fund | 1.50% | ✓ | ✓ | ✗ | ✗ |
| PRULink Global Signature CIO Balance Fund (Accumulation)⁵ | 1.30% | ✓ | ✓ | ✗ | ✗ |
| PRULink Global Signature CIO Growth Fund (Accumulation)⁵ | 1.30% | ✓ | ✓ | ✗ | ✗ |
| PRULink Global Technology Fund | 1.50% | ✓ | ✓ | ✗ | ✗ |
| PRULink Greater China Fund | 1.50% | ✓ | ✓ | ✓ | ✗ |
| PRULink India Opportunity Equity Fund (Accumulation) | 1.40% | ✓ | ✓ | ✓ | ✗ |
| PRULink Islamic Global Equity Index Fund (Accumulation) | 1.10% | ✓ | ✓ | ✗ | ✗ |
| PRULink Pan European Fund | 1.50% | ✓ | ✓ | ✓ | ✗ |
| PRULink Singapore ASEAN Managed Fund | 1.30% | ✓ | ✓ | ✓ | ✓ |
| PRULink Singapore Asian Managed Fund | 1.30% | ✓ | ✓ | ✗ | ✗ |
| PRULink Singapore Dynamic Bond Fund (Accumulation) | 0.50% | ✓ | ✓ | ✓ | ✓ |
| PRULink Singapore Dynamic Bond Fund (Distribution) | 0.50% | ✓ | ✓ | ✗ | ✗ |
| PRULink Singapore Growth Fund | 1.30% | ✓ | ✓ | ✓ | ✗ |
| PRULink Singapore Cash Fund⁴ | 0.30% | ✓ | ✓ | ✗ | ✗ |
*Annualised
¹ Supplementary Retirement Scheme
² Central Provident Fund Investment Scheme – Ordinary Account
³ Central Provident Fund Investment Scheme – Special Account
⁴ PRULink Singapore Cash Fund is available for Fund Switch only
⁵ These PRULink Funds are only available for post-sale transactions (Fund Switch, Change in Recurrent Single Premium Distribution and e-Top-up) via self-serve
Version 02/2026
---
### https://lifeinsurance.com.sg/api/product/prudential/pruvantage-legacy-index/summary.md
# PRUVantage Legacy
Index
**Insurer:** Prudential Singapore (Prudential Assurance Company Singapore (Pte) Limited)
**MAS licence:** —
**Insurer product page:** https://www.prudential.com.sg/-/media/project/prudential/pdf/ebrochures/pruvantage-legacy-index/pruvantage-legacy-index_brochure_en.pdf
## Source wording
- **Effective from:** 2025-09-02
- **Ingested:** 2026-06-05
- **PDF source:** https://www.prudential.com.sg/-/media/project/prudential/pdf/ebrochures/pruvantage-legacy-index/pruvantage-legacy-index_brochure_en.pdf
- **PDF sha256:** `f707198d052ef1f2daa7716c6943e7cd4a9cebe95362e5a50053c22e775188e1`
- **Extraction confidence:** inferred
## Extracted facts
### cash values
```json
{
"has_cash_value": true,
"non_guaranteed_bonus": {
"text": "One-time bonus crediting rate of 3.0% on total account value after the end of premium term for fully paid policy (Multipay only); Loyalty crediting rate of 0.35% p.a. on Fixed Account from the 11th policy year onwards. The actual benefits payable will depend on the actual crediting rate credited to the Fixed and/or Index Account.",
"available": true,
"bonus_types": [
"other"
],
"source_page": 7
},
"guaranteed_surrender_value": {
"basis": "Minimum Surrender Value of 2.0% p.a.",
"available": true,
"source_page": 7
}
}
```
### product type
```json
"universal-life"
```
### policy basics
```json
{
"maximum_entry_age": {
"basis": "age-next-birthday",
"years": 70,
"source_page": 7
},
"minimum_entry_age": {
"basis": "age-next-birthday",
"years": 18,
"source_page": 7
},
"minimum_sum_assured": {
"amount": 500000,
"currency": "USD",
"source_page": 7
},
"maximum_coverage_age": "whole-of-life"
}
```
### premium terms
```json
{
"payment_modes": [
"single",
"annual"
],
"premium_term_options": [
{
"label": "Single Premium",
"description": "Single Premium; Entry Age (Age Next Birthday) 18 - 70; Premium Charge 8.5% on Single Premium",
"source_page": 7
},
{
"label": "Multipay 5-pay",
"description": "Multipay Premium 5 years; Entry Age (Age Next Birthday) 18 - 70; Premium Charge 8.5% on Initial Annual Premium (IAP) and 6.0% on premium in excess of IAP",
"source_page": 7
},
{
"label": "Multipay 10-pay",
"description": "Multipay Premium 10 years; Entry Age (Age Next Birthday) 18 - 65; Premium Charge 8.5% on Initial Annual Premium (IAP) and 6.0% on premium in excess of IAP",
"source_page": 7
}
]
}
```
### document metadata
```json
{
"product_full_name": "PRUVantage Legacy Index",
"insurer_legal_entity": "Prudential Assurance Company Singapore (Pte) Limited (Reg. No. 199002477Z)",
"document_published_date": "2 September 2025"
}
```
### terminal illness benefit
```json
{
"available": true,
"source_page": 6,
"acceleration_percent": 100,
"qualifying_definition": "Diagnosed with advanced stage [terminal illness] with survival diagnosis of 8 months (illustrative case referenced in brochure)"
}
```
---
*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.*
---
### https://lifeinsurance.com.sg/api/product/prudential/pruvantage-legacy-index/wording.md
# PRUVantage Legacy Index
Safeguard life's greatest treasures with a legacy that endures and grows through time
[p.1]
# PRUVantage Legacy Index
Preserve your legacy through heirlooms that endure beyond a lifetime
Just as a finely crafted jewellery box safeguards its treasures, PRUVantage Legacy can protect and nurture the wealth you have diligently cultivated over time.
PRUVantage Legacy Index is an Indexed Universal Life (IUL) plan designed to safeguard your legacy and enhance it with lifelong coverage, high growth potential with uncapped index performance¹ and protection from market uncertainties, allowing it to shine even brighter for those you hold dear.
Your legacy deserves to be engraved with timeless brilliance.
Like a rare gem meticulously crafted over time, your legacy, be it a cherished family heirloom or the fruits of your labour, deserves to be enriched and preserved.
¹ Subjected to prevailing participation rate.
## Craft your legacy
for the ones you treasure most
## Grow your legacy
so it radiates brilliance for generations to come
[p.2]
Your legacy deserves to be engraved with timeless brilliance.
Like a rare gem meticulously crafted over time, your legacy, be it a cherished family heirloom or the fruits of your labour, deserves to be enriched and preserved.
Just as a finely crafted jewellery box safeguards its treasures, PRUVantage Legacy Index can protect and nurture the wealth you have diligently cultivated over time.
PRUVantage Legacy Index is an Indexed Universal Life (IUL) plan designed to safeguard your legacy and enhance it with lifelong coverage, high growth potential with uncapped index performance¹ and protection from market uncertainties, allowing it to shine even brighter for those you hold dear.
¹ Subjected to prevailing participation rate.
### Preserve your legacy
through heirlooms that endure beyond a lifetime
### Grow your legacy
so it radiates brilliance for generations to come
### Craft your legacy
for the ones you treasure most
[p.2]
# Key Benefits
## Craft your legacy
for the ones you treasure most
## Preserve your legacy
through heirlooms that endure through time
## Grow your legacy
so it radiates brilliance for generations to come
### Maximise growth potential:
- Steady growth on Fixed Account with a First Year Crediting Rate of 4.2% p.a. and Guaranteed Minimum Crediting Rate of 2.0% p.a.³
- Growth potential linked to the uncapped returns of your chosen index²
- One-time bonus crediting rate⁴ of 3.0% on total account value after the end of premium term for fully paid policy
- Guaranteed lifetime 0.0% floor rate for Index Account
### Enjoy protection from market losses:
- Minimum Crediting Rate⁵ of 2.0% p.a.
### No-lapse guarantee¹
Ensure coverage remains intact irrespective of market performance for the first five years
### Lifelong protection
with high death and terminal illness coverage
### Freedom to customise your plan
with Single or Multipay⁶ (5 or 10 years) Premium terms
### Option to choose your preferred index:
- S&P 500 FC Index⁸
- UBS MASTR Index⁹
- Barclays Shiller Allocator Index¹⁰
### Loyalty crediting rate
of 0.35% p.a. on Fixed Account from the 11th year onwards
### Customise premium allocation
between the Fixed and Index Account as per your risk appetite, with the option to change allocations every year after the first policy year
### Protect your Index Account from market volatility
with the option to spread premium allocation into 12 parts, and allocate over 12 months
### Shape your legacy
with options of making additional premium top-ups⁷, changing life assured and nomination of beneficiaries
¹ The No Lapse Period (NLP) will apply only if: there is no change in life assured; and you did not make any withdrawals from your Account Value, or: if you have made withdrawals, you back paid all the withdrawn amounts; the total withdrawn amount is equal to or less than the total top-up amount. | ² Subject to prevailing participation rate. Please refer to Product Summary for details. | ³ Guaranteed crediting rate for future new monies may be changed at Prudential's discretion. | ⁴ Applicable for Multipay premium term only. | ⁵ This refers to Minimum Surrender Value (MSV) feature, please refer to Product Summary for details. | ⁶ Subject to Least Premium Required and Maximum Advance Premium. | ⁷ Subjected to our approval. We reserve the right to reject, refund or limit the amount of top-ups being made to the policy. | ⁸ Refers to the S&P 500® FC TCA 0.50% Decrement Index (USD) ER. | ⁹ Refers to the UBS Multi Asset Strategy Tactical Rotation Index. | ¹⁰ Refers to the Shiller Barclays CAPE® Allocator 6 Dynamic Risk Control Index.
Terms and Conditions apply. Please refer to Product Summary for more information.
[p.3]
# Key Benefits
## Preserve your legacy
through heirlooms that endure through time
### Lifelong protection
with high death and terminal illness coverage
### No-lapse guarantee¹
Ensure coverage remains intact irrespective of market performance for the first five years
## Craft your legacy
for the ones you treasure most
### Freedom to customise your plan
with Single or Multipay⁶ (5 or 10 years) Premium terms
### Option to choose your preferred index:
- S&P 500 FC Index⁸
- UBS MASTR Index⁹
- Barclays Shiller Allocator Index¹⁰
### Customise premium allocation between the Fixed and Index Account
as per your risk appetite, with the option to change allocations every year after the first policy year
## Grow your legacy
so it radiates brilliance for generations to come
### Maximise growth potential:
- Growth potential linked to the uncapped returns of your chosen index²
- Steady growth on Fixed Account with a First Year Crediting Rate of 4.2% p.a. and Guaranteed Minimum Crediting Rate of 2.0% p.a.³
- Loyalty crediting rate of 0.35% p.a. on Fixed Account from the 11th year onwards
- One-time bonus crediting rate⁴ of 3.0% on total account value after the end of premium term for fully paid policy
### Enjoy protection from market losses:
- Guaranteed lifetime 0.0% floor rate for Index Account
- Minimum Crediting Rate⁵ of 2.0% p.a.
### Protect your Index Account from market volatility
with the option to spread premium allocation into 12 parts, and allocate over 12 months
### Shape your legacy
with options of making additional premium top-ups⁷, changing life assured and nomination of beneficiaries
¹ The No Lapse Period (NLP) will apply only if: there is no change in life assured; and you did not make any withdrawals from your Account Value, or: if you have made withdrawals, you back paid all the withdrawn amounts; the total withdrawn amount is equal to or less than the total top-up amount. | ² Subject to prevailing participation rate. Please refer to Product Summary for details. | ³ Guaranteed crediting rate for future new monies may be changed at Prudential's discretion. | ⁴ Applicable for Multipay premium term only. | ⁵ This refers to Minimum Surrender Value (MSV) feature, please refer to Product Summary for details. | ⁶ Subject to Least Premium Required and Maximum Advance Premium. | ⁷ Subjected to our approval. We reserve the right to reject, refund or limit the amount of top-ups being made to the policy. | ⁸ Refers to the UBS Multi Asset Strategy Tactical Rotation Index. | ⁹ Refers to the Shiller Barclays CAPE® Allocator 6 Dynamic Risk Control Index.
[p.4]
# Safeguarding your greatest treasures in 5 easy steps:
## 1. Choose the right coverage
ENJOY HIGH COVERAGE
## 2. Choose your preferred premium term¹
| | SINGLE | MULTIPAY |
|---|---|---|
| | | |
## 3. Select your premium² options
For Multipay, the Maximum Advance Premium gives you the flexibility to pay up to 3 times of the annual premium each year during premium term so that you can accelerate your account value growth in the early years.
| | MINIMUM PREMIUM | HIGHER PREMIUM |
|---|---|---|
| | $ | $ $ $ $ $ $ $ $ $ |
## 4. Allocate your premiums³ and choose your preferred index
| FIXED ACCOUNT | INDEX ACCOUNT |
|---|---|
| $ STEADY GROWTH | $ $ $ $ $ $ $ $ $ UNCAPPED GROWTH POTENTIAL |
## 5. Leave a radiating legacy for your loved ones
High payout for your dependants when you are no longer around
¹ Multipay premium term is subject to Least Premium Required and Maximum Advance Premium. | ² The premium option is to be chosen at the time of application. A Higher Premium Option allows customer to start the policy with a higher fund at inception to pay for future policy charges and/or support a longer policy sustainability. | ³ Premium charge will be applied on Single Premium or each premium payment for Multipay before monies are placed into the Fixed Account and/or Index Account based on the allocation option chosen at the start of the policy ("Net Premium Allocation").
[p.4]
# Safeguarding your greatest treasures in 5 easy steps:
## Choose the right coverage
ENJOY HIGH COVERAGE
## Choose your preferred premium term¹
| | SINGLE | MULTIPAY |
|---|---|---|
| | | |
## Select your premium² options
For Multipay, the Maximum Advance Premium gives you the flexibility to pay up to 3 times of the annual premium each year during premium term so that you can accelerate your account value growth in the early years.
| | MINIMUM PREMIUM | HIGHER PREMIUM |
|---|---|---|
| | $ | $ $ $ $ $ $ $ $ $ |
## Allocate your premiums³ and choose your preferred index
| FIXED ACCOUNT | INDEX ACCOUNT |
|---|---|
| $ STEADY GROWTH | $ $ $ $ $ $ $ $ $ UNCAPPED GROWTH POTENTIAL |
## Leave a radiating legacy for your loved ones
High payout for your dependants when you are no longer around
¹ Multipay premium term is subject to Least Premium Required and Maximum Advance Premium. | ² The premium option is to be chosen at the time of application. A Higher Premium Option allows customer to start the policy with a higher fund at inception to pay for future policy charges and/or support a longer policy sustainability. | ³ Premium charge will be applied on Single Premium or each premium payment for Multipay before monies are placed into the Fixed Account and/or Index Account based on the allocation option chosen at the start of the policy ("Net Premium Allocation").
[p.5]
# Giving your legacy an added shine with PRUVantage Legacy Index
## Mariam
Age 45, Non-Smoker.
A second-generation business owner with two children. Mariam hopes to pass on the business to her son, Nathan, upon her retirement, while also taking measures to ensure that her daughter, Nadiah is financially supported without compromising on Mariam's own retirement lifestyle.
She purchases a PRUVantage Legacy Index policy to distribute her estate equitably and carve out a larger retirement nest for herself.
### Coverage
US$ 15.0m
### Single premium
US$ 1.7m
### Premium option
Minimum Premium
### Index Account allocation
100.0%
### Participation rate
68.0%
### Index choice
S&P 500 FC Index²
### Without PRUVantage Legacy Index
**Total: US$ 28.0m**
#### Nadiah
- Family Home: US$ 6.0m
- Investments: US$ 4.0m
- **Total: US$ 10.0m**
#### Nathan
- Family Business: US$ 12.0m
- **Total: US$ 12.0m**
#### Mariam
- Cash: US$ 6.0m
- **Total: US$ 6.0m**
### With PRUVantage Legacy Index
**Total: US$ 41.3m**
#### Nadiah
- Family Home: US$ 6.0m
- Policy Payout after Mariam passes on: US$ 10.5m
- **Total: US$ 16.5m**
#### Nathan
- Family Business: US$ 12.0m
- Policy Payout after Mariam passes on: US$ 4.5m
- **Total: US$ 16.5m**
#### Mariam
- Cash: US$ 4.3m
- Investments: US$ 4.0m
- **Total: US$ 8.3m**
Mariam reallocates investments to her retirement nest, as policy payout facilitates fair and equal wealth distribution between her children
### Mariam is able to increase her total estate by
**US$ 13.3m¹ (or 47.5%)**
### including her retirement savings by
**US$ 2.3m (or 38.3%)**
¹ Increase in estate is due to Coverage of US$ 15.0m less Single Premium of US$ 1.7m. | ² Refers to the S&P 500® FC TCA 0.50% Decrement Index (USD) ER.
Figures and diagrams are for illustrative purposes only.
[p.5]
# Giving your legacy an added shine with PRUVantage Legacy Index
## Mariam
Age 45, Non-Smoker.
A second-generation business owner with two children. Mariam hopes to pass on the business to her son, Nathan, upon her retirement, while also taking measures to ensure that her daughter, Nadiah is financially supported without compromising on Mariam's own retirement lifestyle.
She purchases a PRUVantage Legacy Index policy to distribute her estate equitably and carve out a larger retirement nest for herself.
### Coverage
US$ 15.0m
### Single premium
US$ 1.7m
### Premium option
Minimum Premium
### Index Account allocation
100.0%
### Participation rate
68.0%
### Index choice
S&P 500 FC Index²
**Without PRUVantage Legacy Index**
US$ 28.0m
**With PRUVantage Legacy Index**
US$ 41.3m
Mariam is able to increase her total estate by **US$ 13.3m¹ (or 47.5%)** including her retirement savings by **US$ 2.3m (or 38.3%)**
#### Nadiah
Without:
- Family Home: US$ 6.0m
- Investments: US$ 4.0m
- **Total: US$ 10.0m**
- + US$ 6.5m
With:
- Family Home: US$ 6.0m
- Policy Payout after Mariam passes on: US$ 10.5m
- **Total: US$ 16.5m**
#### Nathan
Without:
- Family Business: US$ 12.0m
- **Total: US$ 12.0m**
- + US$ 4.5m
With:
- Family Business: US$ 12.0m
- Policy Payout after Mariam passes on: US$ 4.5m
- **Total: US$ 16.5m**
#### Mariam
Without:
- Cash: US$ 6.0m
- **Total: US$ 6.0m**
- + US$ 2.3m
With:
- Cash: US$ 4.3m
- Investments: US$ 4.0m
- **Total: US$ 8.3m**
Mariam reallocates investments to her retirement nest, as policy payout facilitates fair and equal wealth distribution between her children
¹ Increase in estate is due to Coverage of US$ 15.0m less Single Premium of US$ 1.7m. | ² Refers to the S&P 500® FC TCA 0.50% Decrement Index (USD) ER.
Figures and diagrams are for illustrative purposes only.
[p.6]
# Safeguard your loved one's future with PRUVantage Legacy Index
## Albert
Age 40, Non-Smoker.
Albert is a top executive and shareholder in an engineering company. After many years, he has accumulated US$ 5.0m worth of assets. Him and his wife have 2 children. His biggest priority is to ensure that his family continues to lead happy, comfortable lives and chase their dreams, even when unexpected events in life occur.
To safeguard his family's future, Albert purchases a PRUVantage Legacy Index policy.
### Coverage
US$ 2.0m
### Multipay Premium
US$ 0.28m¹ over 10 years
### Premium option
Minimum Premium
### Index Account allocation
80.0%
### Participation rate
85.0%
### Index choice
UBS MASTR Index⁴
### Before purchasing PRUVantage Legacy Index
**Cash**
US$ 1.3m
**Shares**
US$ 1.5m
**Family home**
US$ 1.2m
**Investment property**
US$ 1.0m
### After purchasing PRUVantage Legacy Index
**Age 40**
Purchased policy
Paid US$ 0.28m¹ over 10 years with coverage of US$ 2.0m.
**Age 50**
Received a one-time 3.0% bonus crediting rate after completing premium payment
- US$ 6,198 for Index Account
- US$ 1,198 for Fixed Account
**Age 51**
Started receiving loyalty crediting rate
- 0.35% p.a. crediting rate on Fixed Account
**Age 60**
Diagnosed with advanced stage pancreatic cancer with survival diagnosis of 8 months, and incurred US$ 500,000 out of pocket treatment cost.
Receives a terminal illness payout of US$ 2.0m² (7.1x of total premium paid)
**Result**
**Cash**
US$ 2.52m³
**With PRUVantage Legacy Index, Albert is able to build financial protection for his family, while ensuring that his legacy is not eroded by life's unexpected events.**
¹ Rounded up to the nearest US$ 10,000. | ² The values in the above illustration are projected based on the Current Crediting Rate for Fixed Account of 4.1% p.a., Current Assumed Crediting Rate for Index Account of 6.8% and prevailing charges. The actual benefits payable will depend on the actual crediting rate credited to the Fixed and/or Index Account. At Guaranteed Minimum Crediting Rate for Fixed Account of 2.0% p.a., Guaranteed Minimum Crediting Rate for Index Account of 0.0% p.a., and maximum charges, the projected one-time 3.0% bonus crediting rate is US$ 3,955 for Index Account and US$ 1,233 for Fixed Account. | ³ Increase in cash due to initial amount of US$ 1.3m less off total premium of US$ 0.28m and US$ 500,000 for cancer treatment, plus the terminal illness payout of US$ 2.0m. | ⁴ Refers to the UBS Multi Asset Strategy Tactical Rotation Index.
Figures and diagrams are for illustrative purposes only.
[p.6]
# Safeguard your loved one's future with PRUVantage Legacy Index
## Albert
Age 40, Non-Smoker.
Albert is a top executive and shareholder in an engineering company. After many years, he has accumulated US$ 5.0m worth of assets. Him and his wife have 2 children. His biggest priority is to ensure that his family continues to lead happy, comfortable lives and chase their dreams, even when unexpected events in life occur.
To safeguard his family's future, Albert purchases a PRUVantage Legacy Index policy.
### Coverage
US$ 2.0m
### Multipay Premium
US$ 0.28m¹ over 10 years
### Premium option
Minimum Premium
### Index Account allocation
80.0%
### Participation rate
85.0%
### Index choice
UBS MASTR Index⁴
**Before purchasing PRUVantage Legacy Index**
- **Cash**: US$ 1.3m
- **Shares**: US$ 1.5m
- **Family home**: US$ 1.2m
- **Investment property**: US$ 1.0m
**After purchasing PRUVantage Legacy Index**
**Age 40**
- Purchased policy
- Paid US$ 0.28m¹ over 10 years with coverage of US$ 2.0m.
**Age 50**
- Received a one-time 3.0% bonus crediting rate after completing premium payment
- US$ 6,198 for Index Account
- US$ 1,198 for Fixed Account
**Age 51**
- Started receiving loyalty crediting rate
- 0.35% p.a. crediting rate on Fixed Account
**Age 60**
- Diagnosed with advanced stage pancreatic cancer with survival diagnosis of 8 months, and incurred US$ 500,000 out of pocket treatment cost.
- Receives a terminal illness payout of US$ 2.0m² (7.1x of total premium paid)
**Result**
**Cash**
US$ 2.52m³
**With PRUVantage Legacy Index, Albert is able to build financial protection for his family, while ensuring that his legacy is not eroded by life's unexpected events.**
¹ Rounded up to the nearest US$ 10,000. | ² The values in the above illustration are projected based on the Current Crediting Rate for Fixed Account of 4.1% p.a., Current Assumed Crediting Rate for Index Account of 6.8% and prevailing charges. The actual benefits payable will depend on the actual crediting rate credited to the Fixed and/or Index Account. At Guaranteed Minimum Crediting Rate for Fixed Account of 2.0% p.a., Guaranteed Minimum Crediting Rate for Index Account of 0.0% p.a., and maximum charges, the projected one-time 3.0% bonus crediting rate is US$ 3,955 for Index Account and US$ 1,233 for Fixed Account. | ³ Increase in cash due to initial amount of US$ 1.3m less off total premium of US$ 0.28m and US$ 500,000 for cancer treatment, plus the terminal illness payout of US$ 2.0m. | ⁴ Refers to the UBS Multi Asset Strategy Tactical Rotation Index.
Figures and diagrams are for illustrative purposes only.
[p.7]
# Other Product Features and Benefits
## Premium Term
### Single Premium
**Entry Age (Age Next Birthday)**
18 - 70
**Coverage**
Whole of Life
**Currency**
US dollar
**Minimum Sum Assured**
US$ 500,000
**Premium Charge**
8.5% on Single Premium
### Multipay Premium¹
**5 years**
**Entry Age (Age Next Birthday)**
18 - 70
**Premium Charge**
8.5% on Initial Annual Premium (IAP) and 6.0% on premium in excess of IAP
**10 years**
**Entry Age (Age Next Birthday)**
18 - 65
**Premium Charge**
8.5% on Initial Annual Premium (IAP) and 6.0% on premium in excess of IAP
## Index Account
**Index Account Allocation**
100.0% into choice of index
**Index Cap Rate**
Uncapped²
**Guaranteed Minimum Crediting Rate**
0.0%
## Fixed Account
**New Money Crediting Rate**
4.2% p.a. for first year
**Guaranteed Minimum Crediting Rate**
2.0% p.a.³
**Loyalty Crediting Rate**
0.35% p.a. from 11th policy year
**One-time Bonus Crediting Rate on Fixed and Index Account**
3.0% on total account value after the end of premium term for fully paid policy
## Options for Net Premium allocation (%):
Fixed Account | Index Account
| | |
|---|---|
| 0.0 | 100.0 |
| 20.0 | 80.0 |
| 40.0 | 60.0 |
| 60.0 | 40.0 |
| 80.0 | 20.0 |
| 100.0 | 0.0 |
**Minimum Surrender Value**
2.0% p.a.
**Administration Charges**
First 15 Policy Years
¹ Subject to Least Premium Required and Maximum Advance Premium.
² Subject to prevailing participation rate.
³ Guaranteed crediting rate for future new monies may be changed at Prudential's discretion.
[p.7]
# Other Product Features and Benefits
| | Single Premium | Multipay Premium¹ |
|---|---|---|
| | | 5 years | 10 years |
| **Entry Age (Age Next Birthday)** | 18 - 70 | 18 - 70 | 18 - 65 |
| **Coverage** | Whole of Life |
| **Currency** | US dollar |
| **Minimum Sum Assured** | US$ 500,000 |
| **Premium Charge** | 8.5% on Single Premium | 8.5% on Initial Annual Premium (IAP) and 6.0% on premium in excess of IAP |
| **Minimum Surrender Value** | 2.0% p.a. |
| **Administration Charges** | First 15 Policy Years |
## Index Account
| | |
|---|---|
| **Index Account Allocation** | 100.0% into choice of index |
| **Index Cap Rate** | Uncapped² |
| **Guaranteed Minimum Crediting Rate** | 0.0% |
## Fixed Account
| | |
|---|---|
| **New Money Crediting Rate** | 4.2% p.a. for first year |
| **Guaranteed Minimum Crediting Rate** | 2.0% p.a.³ |
| **Loyalty Crediting Rate** | 0.35% p.a. from 11th policy year |
## One-time Bonus Crediting Rate on Fixed and Index Account
3.0% on total account value after the end of premium term for fully paid policy
## Options for Net Premium allocation (%):
Fixed Account | Index Account
| | |
|---|---|
| 0.0 | 100.0 |
| 20.0 | 80.0 |
| 40.0 | 60.0 |
| 60.0 | 40.0 |
| 80.0 | 20.0 |
| 100.0 | 0.0 |
¹ Subject to Least Premium Required and Maximum Advance Premium.
² Subject to prevailing participation rate.
³ Guaranteed crediting rate for future new monies may be changed at Prudential's discretion.
[p.8]
# For more information, speak to your Prudential Financial Representative.
Call us at 1800 333 0 333 today.
## Important Notes:
You are recommended to read the product summary and seek advice from a qualified Prudential Financial Representative for a financial analysis before purchasing an insurance policy suitable to meet your needs.
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.
This brochure is for reference only and is not a contract of insurance. Please refer to the exact terms and conditions, specific details and exclusions applicable to this insurance product in the policy documents that can be obtained from your Prudential Financial Representative. In case of discrepancy between the English and other language versions, the English version shall prevail. This brochure is for distribution in Singapore only and shall not be construed as an offer to sell or solicitation to buy or provision of any insurance product outside Singapore.
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 your insurer or visit the GIA/LIA or SDIC websites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).
Information is correct as at 2 September 2025.
This advertisement has not been reviewed by the Monetary Authority of Singapore.
### S&P 500 FC Index Disclaimer:
The S&P 500 FC TCA 0.5% Decrement Index (USD) ER (the "Index") is a product of S&P Dow Jones Indices LLC or its affiliates ("S&P DJI") and has been licensed for use by Prudential Assurance Co. Singapore (Pte) Ltd. ("Prudential"). S&P®, S&P 500®, US 500, The 500, iBoxx®, iTraxx® and CDX® are trademarks of S&P Global, Inc. or its affiliates ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). Fast Convergence and FC are trademarks of BofA Securities, Inc. and/or its affiliates ("BofAS"). BofAS has licensed the Fast Convergence (FC) patented methodology and related trademarks to S&P DJI for use in the Index. Prudential's products are not sponsored, endorsed, sold or promoted by S&P DJI, Dow Jones, S&P, BofAS or their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the Index.
### UBS MASTR Index Disclaimer:
UBS AG and its affiliates ("UBS") do not sponsor, endorse, sell, or promote PRUVantage Legacy Index (the "Product"). A decision to purchase the Product should not be made in reliance on any of the statements set forth in this document. Prospective investors are advised to purchase the Product only after carefully considering the risks associated with purchasing the Product, as detailed in any product information that is prepared by or on behalf of Prudential Assurance Company Singapore (Pte) Ltd. ("Licensee"), the issuer of the Product. UBS has licensed certain UBS marks and other data to Licensee for use in connection with the Product and the branding of the Product, but UBS is not involved in the calculation of the Product, the construction of the Product's methodology or the creation of the Product, nor is UBS involved in the sale or offering of the Product, and UBS does not make any representations or warranties with respect to the Product.
### Barclays Shiller Allocator Index Disclaimer:
Neither Barclays Bank PLC ('BB PLC') nor any of its affiliates (collectively 'Barclays') is the issuer or producer of PRUVantage Legacy Index and Barclays has no responsibilities, obligations or duties to investors in PRUVantage Legacy Index. The Shiller Barclays CAPE® Allocator 6 Dynamic Risk Control Index (the 'Index'), together with any Barclays indices that are components of the Index, is a trademark owned by Barclays and, together with any component indices and index data, is licensed for use by Prudential Assurance Co. Singapore (Pte) Ltd. ("Prudential") as the issuer or producer of PRUVantage Legacy Index (the 'Issuer').
[p.8]
# For more information, speak to your Prudential Financial Representative.
Call us at 1800 333 0 333 today.
## Barclays Shiller Allocator Index Disclaimer (cont'd):
Barclays' only relationship with the Issuer in respect of the Index is the licensing of the Index, which is administered, compiled and published by BB PLC in its role as the index sponsor (the 'Index Sponsor') without regard to the Issuer or the PRUVantage Legacy Index or investors in the PRUVantage Legacy Index. Additionally, Prudential as issuer or producer of PRUVantage Legacy Index may for itself execute transaction(s) with Barclays in or relating to the Index in connection with PRUVantage Legacy Index. Investors acquire PRUVantage Legacy Index from Prudential and investors neither acquire any interest in the Index nor enter into any relationship of any kind whatsoever with Barclays upon making an investment in PRUVantage Legacy Index. The PRUVantage Legacy Index is not sponsored, endorsed, sold or promoted by Barclays and Barclays makes no representation regarding the advisability of the PRUVantage Legacy Index or use of the Index or any data included therein. Barclays shall not be liable in any way to the Issuer, investors or to other third parties in respect of the use or accuracy of the Index or any data included therein.
**Prudential Assurance Company Singapore (Pte) Limited. (Reg. No. 199002477Z)**
30 Cecil Street #30-01
Prudential Tower
Singapore 049712
Tel: 1800 333 0 333 Fax: 6734 6953
Part of Prudential plc
www.prudential.com.sg
[p.9]
---
## Important Notes:
You are recommended to read the product summary and seek advice from a qualified Prudential Financial Representative for a financial analysis before purchasing an insurance policy suitable to meet your needs. 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.
This brochure is for reference only and is not a contract of insurance. Please refer to the exact terms and conditions, specific details and exclusions applicable to this insurance product in the policy documents that can be obtained from your Prudential Financial Representative. In case of discrepancy between the English and other language versions, the English version shall prevail. This brochure is for distribution in Singapore only and shall not be construed as an offer to sell or solicitation to buy or provision of any insurance product outside Singapore.
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 your insurer or visit the GIA/LIA or SDIC websites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).
Information is correct as at 2 September 2025.
This advertisement has not been reviewed by the Monetary Authority of Singapore.
## S&P 500 FC Index Disclaimer:
The S&P 500 FC TCA 0.5% Decrement Index (USD) ER (the "Index") is a product of S&P Dow Jones Indices LLC or its affiliates ("S&P DJI") and has been licensed for use by Prudential Assurance Co. Singapore (Pte) Ltd. ("Prudential"). S&P®, S&P 500®, US 500, The 500, iBoxx®, iTraxx® and CDX® are trademarks of S&P Global, Inc. or its affiliates ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). Fast Convergence and FC are trademarks of BofA Securities, Inc. and/or its affiliates ("BofAS"). BofAS has licensed the Fast Convergence (FC) patented methodology and related trademarks to S&P DJI for use in the Index. Prudential's products are not sponsored, endorsed, sold or promoted by S&P DJI, Dow Jones, S&P, BofAS or their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the Index.
## UBS MASTR Index Disclaimer:
UBS AG and its affiliates ("UBS") do not sponsor, endorse, sell, or promote PRUVantage Legacy Index (the "Product"). A decision to purchase the Product should not be made in reliance on any of the statements set forth in this document. Prospective investors are advised to purchase the Product only after carefully considering the risks associated with purchasing the Product, as detailed in any product information that is prepared by or on behalf of Prudential Assurance Company Singapore (Pte) Ltd. ("Licensee"), the issuer of the Product. UBS has licensed certain UBS marks and other data to Licensee for use in connection with the Product and the branding of the Product, but UBS is not involved in the calculation of the Product, the construction of the Product's methodology or the creation of the Product, nor is UBS involved in the sale or offering of the Product, and UBS does not make any representations or warranties with respect to the Product.
## Barclays Shiller Allocator Index Disclaimer:
Neither Barclays Bank PLC ('BB PLC') nor any of its affiliates (collectively 'Barclays') is the issuer or producer of PRUVantage Legacy Index and Barclays has no responsibilities, obligations or duties to investors in PRUVantage Legacy Index. The Shiller Barclays CAPE® Allocator 6 Dynamic Risk Control Index (the 'Index'), together with any Barclays indices that are components of the Index, is a trademark owned by Barclays and, together with any component indices and index data, is licensed for use by Prudential Assurance Co. Singapore (Pte) Ltd. ("Prudential") as the issuer or producer of PRUVantage Legacy Index (the 'Issuer'). Barclays' only relationship with the Issuer in respect of the Index is the licensing of the Index, which is administered, compiled and published by BB PLC in its role as the index sponsor (the 'Index Sponsor') without regard to the Issuer or the PRUVantage Legacy Index or investors in the PRUVantage Legacy Index. Additionally, Prudential as issuer or producer of PRUVantage Legacy Index may for itself execute transaction(s) with Barclays in or relating to the Index in connection with PRUVantage Legacy Index. Investors acquire PRUVantage Legacy Index from Prudential and investors neither acquire any interest in the Index nor enter into any relationship of any kind whatsoever with Barclays upon making an investment in PRUVantage Legacy Index. The PRUVantage Legacy Index is not sponsored, endorsed, sold or promoted by Barclays and Barclays makes no representation regarding the advisability of the PRUVantage Legacy Index or use of the Index or any data included therein. Barclays shall not be liable in any way to the Issuer, investors or to other third parties in respect of the use or accuracy of the Index or any data included therein.
**Prudential Assurance Company Singapore (Pte) Limited. (Reg. No. 199002477Z)**
30 Cecil Street #30-01
Prudential Tower
Singapore 049712
Tel: 1800 333 0 333 Fax: 6734 6953
Part of Prudential plc
www.prudential.com.sg
[p.9]
---
### https://lifeinsurance.com.sg/api/product/prudential/pruvantage-wealth-iii/summary.md
# PRUVantage Wealth
III
**Insurer:** Prudential Singapore (Prudential Assurance Company Singapore (Pte) Limited)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/199002477Z/PRUVantage%20Wealth%20III%20Product%20Summary.pdf
## Source wording
- **Effective from:** (not stated in document)
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/199002477Z/PRUVantage%20Wealth%20III%20Product%20Summary.pdf
- **PDF sha256:** `3cffcb0ce83ab397a457b00aa80a4261c69d55a42a7482aa084044c1fba3cf9b`
- **Extraction confidence:** verified
## Extracted facts
### riders
```json
[
{
"name": "Payer Security Plus",
"rider_type": "waiver-of-premium",
"description": "Supplementary benefit attachable to PRUVantage Wealth III. Specific terms subject to product terms and conditions.",
"source_page": 17,
"available_at_inception": true,
"available_after_inception": true
},
{
"name": "Crisis Waiver III",
"rider_type": "waiver-of-premium",
"description": "Supplementary benefit attachable to PRUVantage Wealth III. Specific terms subject to product terms and conditions.",
"source_page": 17,
"available_at_inception": true,
"available_after_inception": true
},
{
"name": "Accident Assist",
"rider_type": "accidental-death",
"description": "Supplementary benefit attachable to PRUVantage Wealth III. Specific terms subject to product terms and conditions.",
"source_page": 17,
"available_at_inception": true,
"available_after_inception": true
}
]
```
### free look
```json
{
"period_days": 14,
"refund_basis": "Not explicitly stated verbatim in the extracted text; MAS minimum of 14 days applies."
}
```
### exclusions
```json
[
{
"text": "If the life assured dies from suicide within 12 months from the cover start date or date of reinstatement (if any) of your policy, we will void your policy. In this case, we cancel it and refund the total premiums received from you. We will first deduct any withdrawals, dividend payments, all other amounts you owe us in connection with your policy and expenses (including administrative, sales-related and medical expenses) we have had to pay for your policy.",
"source_page": 2
},
{
"text": "If the life assured dies due to a pre-existing condition within 12 months from the cover start date or date of reinstatement (if any) of the policy, we pay the higher of: The value of all the units in your accounts, less the Welcome Bonus* paid to your policy; or The total regular premiums received from you (excluding premiums paid for supplementary benefits) plus top-ups made through the Investment Booster (Lump Sum), if any, less any withdrawals, dividend payments, all amounts you owe us in connection with the policy and expenses (including administrative, sales-related and medical expenses) that we have had to pay for your policy.",
"source_page": 2
},
{
"text": "There are certain conditions such as death from suicide or Pre-existing Condition within 12 months from cover start date under which no benefits will be payable. You are advised to read your policy document for the full details of these exclusions.",
"source_page": 17
}
]
```
### mwpa trust
```json
{
"notes": "You cannot appoint a secondary life assured if your policy already has a nomination of beneficiary or a trust has been created under your policy. You cannot request for Wealth Share if there is pending claim under your base policy, your base policy already has a nomination of beneficiary, or a trust has been created under your base policy.",
"available": false,
"source_page": 7
}
```
### cash values
```json
{
"has_cash_value": true,
"non_guaranteed_bonus": {
"text": "Welcome Bonus: extra units credited based on premium term, annualised premium and account allocation, for premiums received during the applicable Welcome Bonus period. Loyalty Bonus: 0.5% per year of the latest Growth Account Value and/or Flex Account Value, payable yearly from a specified policy anniversary dependent on premium term. Both bonuses are non-guaranteed in that they depend on continued policy conditions being met.",
"available": true,
"bonus_types": [
"other"
],
"source_page": 4
},
"guaranteed_surrender_value": {
"basis": "Value of units in account(s) less applicable surrender charge (if any), plus any premium paid but not yet invested, less any amounts owed. Surrender charges apply as a percentage of Growth Account Value and/or Flex Account Value for specified policy years per premium term. No surrender charge on Additional Investment Account.",
"available": true,
"source_page": 16
}
}
```
### policy loan
```json
{
"available": false
}
```
### grace period
```json
{}
```
### product type
```json
"investment-linked"
```
### policy basics
```json
{
"minimum_sum_assured": {
"amount": "101% of total regular premiums paid (excluding supplementary benefit premiums) less any withdrawals and dividend payments, or account value, whichever is higher",
"currency": "SGD",
"source_page": 2
},
"maximum_policy_term_years": "whole-of-life (coverage continues for as long as the life assured lives)",
"minimum_policy_term_years": "whole-of-life (coverage continues for as long as the life assured lives)"
}
```
### premium terms
```json
{
"payment_modes": [
"annual",
"monthly"
],
"minimum_premium": {
"amount": 15000,
"currency": "SGD",
"source_page": 2
},
"premium_term_options": [
{
"label": "3-year premium term",
"description": "Minimum annual premium S$60,000; 100% of regular premiums invested in Flex Account only.",
"source_page": 2
},
{
"label": "5-year premium term",
"description": "Minimum annual premium S$36,000; 100% of regular premiums invested in Flex Account only.",
"source_page": 2
},
{
"label": "10-year premium term",
"description": "Minimum annual premium S$24,000.",
"source_page": 2
},
{
"label": "15-year premium term",
"description": "Minimum annual premium S$18,000.",
"source_page": 2
},
{
"label": "20-year premium term",
"description": "Minimum annual premium S$15,000.",
"source_page": 2
}
],
"premium_review_clause": {
"reviewable": false
}
}
```
### reinstatement
```json
{
"conditions": "If you chose to reinstate the policy by only paying current premium, then in the future, you cannot choose to pay any of the previously unpaid premiums due during the premium holiday period to receive the premium holiday charge refund.",
"source_page": 12
}
```
### non forfeiture
```json
{
"paid_up": {
"text": "Not described in the extracted text.",
"available": false
},
"extended_term": {
"text": "Not described in the extracted text.",
"available": false
},
"automatic_premium_loan": {
"text": "Not described in the extracted text.",
"available": false
}
}
```
### suicide clause
```json
{
"source_page": 2,
"payout_within_period": "If the life assured dies from suicide within 12 months from the cover start date or date of reinstatement (if any) of your policy, we will void your policy. In this case, we cancel it and refund the total premiums received from you. We will first deduct any withdrawals, dividend payments, all other amounts you owe us in connection with your policy and expenses (including administrative, sales-related and medical expenses) we have had to pay for your policy.",
"exclusion_period_months": 12
}
```
### document metadata
```json
{
"product_full_name": "PRUVantage Wealth III",
"insurer_legal_entity": "Prudential Assurance Company Singapore (Pte) Limited",
"product_summary_pdf_url": "www.prudential.com.sg"
}
```
### terminal illness benefit
```json
{
"available": false
}
```
---
*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.*
---
### https://lifeinsurance.com.sg/api/product/prudential/pruvantage-wealth-iii/wording.md
# PRODUCT SUMMARY: PRUVantage Wealth III
This Product Summary is a simplified description of the key product features. The exact terms can be found in the policy document.
## Details of Product Provider:
Prudential Assurance Company Singapore (Pte) Limited ("Prudential Singapore"), 30 Cecil Street, #30-01 Prudential Tower, Singapore 049712 Tel: 1800-3330 333
Prudential Singapore is responsible for the product features and contractual provisions and these will be explained to you by a representative of either Prudential Singapore or a distributor duly appointed by Prudential Singapore.
**Please note that the product you are purchasing is a Specified Investment Product.**
This policy and its Supplementary benefit(s) (if any) is/are protected under the Policy Owners' Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy and its Supplementary benefit(s) (if any) is/are 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 your insurer or visit the General Insurance Association (GIA)/Life Insurance Association (LIA) or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).
The Proposer acknowledges receipt of all pages of the Product Summary for the Main plan and Supplementary benefits (where applicable), the Fund Information Booklet(s) and the Product Highlights Sheet(s) (where applicable). The contents have been explained to your satisfaction.
## Aggregation rule:
The aggregate premiums payable for selected plans* per life assured issued in the past 24 months cannot exceed S$15 million (or equivalent). The calculation is based on the total committed premiums of the product, excluding premiums for supplementary benefits (if any) (e.g. 10 x annual premium for a 10-year premium term product, or full single premium for a single premium product). US dollar denominated policies will be aggregated after applying an exchange rate of US$1 to S$1.40 on the premiums payable. We reserve the right to review/vary this rate.
*Please find the full list of selected plans at www.prudential.com.sg
## Nature and Objective of Plan:
PRUVantage Wealth III is a regular premium whole of life investment-linked policy that is wealth accumulation focused and provides financial protection against death for as long as the life assured lives. This policy also allows customers to invest in our wide selection of PRULink Funds.
Please note that every investment-linked product/fund or combination of funds has its own characteristics including investment horizon, liquidity, and level of risk and you may consider some to be more appropriate to satisfy your individual needs and preferences.
[p.2]
## Accounts:
- **Growth Account** is where your regular premiums are invested according to your chosen allocation.
If the premium in this account is invested in a PRULink fund that aims to distribute dividends on a regular basis, the dividends will be reinvested automatically into the same fund. The option to receive the dividend payments is only allowed after 10 years from the cover start date and we have received 10 years of paid premiums.
If your policy has a 3-year or 5-year premium term, this account does not apply.
- **Flex Account** is where your regular premiums are invested according to your chosen allocation.
- **Additional Investment Account** is where your top-up premiums that you make through the Investment Booster (Lump Sum) are invested.
Before the start of your policy, you would have chosen how much of your regular premium you want to invest in the Growth Account and how much in the Flex Account. The percentage split is in multiples of 5% and the total percentage in the account(s) must be equal to 100%. Once the allocation is chosen, you are not allowed to change the allocation between the two accounts. This allocation will be fixed for the whole premium term.
If your policy has a 3-year or 5-year premium term, 100% of the regular premiums will be invested in the Flex Account.
## Death Benefit:
### What do we pay for Death Benefit?
If the life assured dies, we pay the higher of:
- 101% of (total regular premiums paid, excluding premiums paid for supplementary benefits, if any, less any withdrawals and dividend payments from the Growth Account and/or Flex Account, where applicable) as at the date of death; or
- the account value* from the Growth Account and/or Flex Account, where applicable, plus the account value* from the Additional Investment Account, less any amounts you owe us.
If the life assured dies because of an accident, we pay the higher of:
- 105% of (total regular premiums paid, excluding premiums paid for supplementary benefits, if any, less any withdrawals and dividend payments from the Growth Account and/or Flex Account, where applicable) as at the date of death; or
- the account value* from the Growth Account and Flex Account, where applicable, plus the account value* from the Additional Investment Account, less any amounts you owe us.
*To work out the value of your units, we use the bid price on the next business day after we receive the notification of death of the life assured, with proof of death.
If we deducted administration charges from your accounts at any time before the date you claim for the death benefit, we will not refund these charges to you.
### What happens after we pay for Death Benefit?
The whole policy automatically ends once we pay a death benefit claim.
### What is not covered for Death Benefit?
If the life assured dies from suicide within 12 months from the cover start date or date of reinstatement (if any) of your policy, we will void your policy. In this case, we cancel it and refund the total premiums received from you. We will first deduct any withdrawals, dividend payments, all other amounts you owe us in connection with your policy and expenses (including administrative, sales-related and medical expenses) we have had to pay for your policy.
If the life assured dies due to a pre-existing condition within 12 months from the cover start date or date of reinstatement (if any) of the policy, we pay the higher of:
- The value of all the units in your accounts, less the Welcome Bonus* paid to your policy; or
- The total regular premiums received from you (excluding premiums paid for supplementary benefits) plus top-ups made through the Investment Booster (Lump Sum), if any, less any withdrawals, dividend payments, all amounts you owe us in connection with the policy and expenses (including administrative, sales-related and medical expenses) that we have had to pay for your policy.
*We will deduct the Welcome Bonus paid only if the pre-existing condition is within 12 months from the cover start date but not when it is 12 months from the date of reinstatement.
## Premium Size:
| Premium Term | Minimum Annual Premium |
|---|---|
| 3 years | S$60,000 |
| 5 years | S$36,000 |
| 10 years | S$24,000 |
| 15 years | S$18,000 |
| 20 years | S$15,000 |
## Minimum Contribution Period:
If you fail to pay your premiums within the first 24 months from the cover start date of your policy (the **Minimum Contribution Period**) we will levy the surrender charge which will result in no more units in your Growth Account and/or Flex Account (where applicable) and your policy will end. We will not pay any death benefit claims from this point. If there are units in the Additional Investment Account, we will refund the value of these units to you.
## Choice of PRULink Fund(s):
When you apply for your policy, you choose whether you want all your regular premiums to be invested:
- in the Growth Account only or in the Flex Account only or divided into both the Growth Account and the Flex Account, and
- in one of the PRULink funds; or in two or more PRULink funds.
If your policy has a 3-year or 5-year premium term, 100% of your regular premiums will be invested in the Flex Account only.
You must invest a minimum of 5% of your premium (whichever applies) in any PRULink fund you choose and after that invest in multiples of 5%.
If we receive your premium:
a) by 3pm, we use the bid price on the next business day to work out the number of units; or
b) after 3pm, we use the bid price on the second business day from the day we receive your premium, to work out the number of units.
[p.3]
## PRULink Fund(s) available in the Accounts:
| | Growth Account | Flex Account | Additional Investment Account |
|---|---|---|---|
| **At the Start of the Policy** | All funds | All funds for 3-year & 5-year premium terms; Funds that distribute dividends only for 10-year, 15-year & 20-year premium terms | All funds |
| **Top-Up via the Investment Booster (Lump Sum)** | Not applicable | Not applicable | All funds |
| **Change of Regular Premium Distribution** | All funds | All funds for 3-year & 5-year premium terms; Funds that distribute dividends only for 10-year, 15-year & 20-year premium terms | Not applicable |
| **Switch from one PRULink fund to another** | All funds | All funds | All funds |
Please refer to Appendix A for the list of available Investment-Linked Funds and the respective Fund Information Booklet for details on the investment funds you can invest in the accounts under this policy. These investment funds shall be collectively known as "PRULink funds" hereafter. Any single fund in the PRULink funds shall be known as a "PRULink fund" hereafter.
If you choose a PRULink fund that aims to distribute dividends on a regular basis, please note that the distribution of dividends is at the discretion of the underlying fund's Board of Directors, Manager and/or Prudential Singapore, and is not guaranteed. The distribution of dividends may be effectively paid out of capital, which will reduce the net asset value of the fund which is used to calculate the fund's unit price and the surrender value of the policy.
[p.4]
## Bonuses:
### 1. Welcome Bonus
We give a Welcome Bonus for premiums received for the applicable Welcome Bonus period based on your chosen premium term. This bonus is in the form of extra units that we give, based on your premium term, annualised premium and the account allocation as set out in the table below.
We will convert the bonus into additional units and place them in the Growth Account and/or Flex Account (where applicable), when we receive each premium for the applicable Welcome Bonus period based on your chosen premium term.
We will buy units based on the same proportions of how your regular premiums are being invested, in each of the PRULink funds in the respective accounts, at the time of the Welcome Bonus payment.
### Welcome Bonus Tables
#### Flex Account:
| Premium Term | Annualised Premium (S$) | Welcome Bonus (% of premium allocated in the Flex Account) |||||
|---|---|---|---|---|---|---|
| | | 1st Year | 2nd Year | 3rd Year | Total |
| 3 years | 60,000 – 99,999 | 1% | - | - | 1% |
| | 100,000 & above | 3% | - | - | 3% |
| 5 years | 36,000 & above | 5% | - | - | 5% |
| 10 years | 24,000 & above | 8% | 3% | 2% | 13% |
| 15 years | 18,000 & above | 12% | 6% | 5% | 23% |
| 20 years | 15,000 & above | 15% | 9% | 8% | 32% |
#### Growth Account:
| Premium Term | Annualised Premium (S$) | Welcome Bonus (% of premium allocated in the Growth Account) |||||
|---|---|---|---|---|---|---|
| | | 1st Year | 2nd Year | 3rd Year | Total |
| 3 years | Not Applicable | Not Applicable |
| 5 years |
| 10 years | 24,000 & above | 18% | 16% | 16% | 50% |
| 15 years | 18,000 & above | 23% | 21% | 21% | 65% |
| 20 years | 15,000 & above | 25% | 25% | 25% | 75% |
Any top-ups made through the Investment Booster (Lump Sum) will not enjoy the Welcome Bonus.
[p.5]
### 2. Loyalty Bonus
We give a Loyalty Bonus of 0.5% of the latest Growth Account Value and/or Flex Account Value (where applicable), payable yearly from the applicable policy anniversary, as set out in the table below.
The Loyalty Bonus will be converted into additional units and placed in the respective fund or funds you have chosen to invest in, in the same proportion and according to the chosen allocation in the Growth Account and/or Flex Account (where applicable).
We pay the Loyalty Bonus one month after each policy anniversary, as set out in the table below, as long as you stay invested during the policy term. The policy must not have ended when the Loyalty Bonus is paid out.
| Premium Term | The Loyalty Bonus will be paid every year from the |
|---|---|
| 3 years | 6th policy anniversary |
| 5 years | 6th policy anniversary |
| 10 years | 11th policy anniversary |
| 15 years | 16th policy anniversary |
| 20 years | 21st policy anniversary |
Any top-ups made through the Investment Booster (Lump Sum) will not enjoy the Loyalty Bonus.
## Charges:
### 1. Administration Charge
From the first premium due date of the policy and on the same day every month after that, we bill your account for an administration charge.
The monthly administration charge is a percentage of the latest account value of the Growth Account and/or Flex Account (where applicable) (refer to the table below). The duration of the administration charge will depend on your premium term. There are no administration charges on your Additional Investment Account.
#### Administration Charge Table
| Premium Term | Administration Charge as a % of the Growth Account Value and Flex Account Value | Duration of Administration Charge |
|---|---|---|
| 3 years | 2.9% per year | 8 years |
| 5 years | 2.9% per year | 8 years |
| 10 years | 2.7% per year | 10 years |
| 15 years | 2.7% per year | 10 years |
| 20 years | 2.5% per year | 12 years |
Unless we say otherwise, we fund the charges through the cancellation of units in your Growth Account and/or Flex Account (where applicable) at the bid price.
[p.6]
Each month we will use the bid price on the next business day to sell proportionate units from all the PRULink funds you have invested to pay for the administration charges. We will work out the proportionate units to sell based on the number of units still invested by you in each of the PRULink funds as at the time of the sale. How we work out and decide on the final results, is final and binding.
We can change the administration charge. However, we will give you 30 days' written notice before we do so.
### 2. Continuing Investment Charge
The continuing investment charge is deducted on a pro-rated basis at each unit pricing day throughout the year. It is included in the respective PRULink fund's price and is not an additional charge to the policy.
Please refer to the section on Fees under the respective schedules in the Fund Information Booklet for each of the PRULink funds for details.
### 3. Premium Charge
There is no premium charge on the regular premium that you pay.
There is a premium charge of 3% of your Investment Booster (Lump Sum) premium. This premium charge is an upfront charge that we deduct from the Investment Booster (Lump Sum) premium paid.
We can change the premium charge. However, we will give you 30 days' written notice before we do so.
## Options:
### 1. Include a Joint Owner
PRUVantage Wealth III can be purchased on a joint ownership basis (Husband and Wife). Joint ownership will be on a joint tenancy basis. In a joint ownership policy, when one policyowner dies, the policy will continue with the surviving owner. If both policyowners die at the same time, ownership of the policy will vest in the estate of the younger of the two policyowners.
### 2. Appoint a Secondary Life Assured
You can appoint or change or remove the secondary life assured at any time during the term of the policy, and while the original policyowners are still alive.
When the primary life assured dies, the secondary life assured becomes the new primary life assured of the policy. When this happens, the policy continues:
- based on the life of the new primary life assured;
- but any supplementary benefit (see note below) attached will end. You may add supplementary benefits to the policy after we accept the secondary life assured as the new primary life assured;
- and you must continue to pay the premiums.
The primary life assured is the life assured as shown in the certificate of life assurance at the cover start date of the policy.
You can appoint another secondary life assured as long as there is insurable interest between the new secondary life assured and the original policyowners.
[p.7]
**Note:** This includes any supplementary benefit that waives premiums and which you have attached to your policy. If the premium waiver benefit becomes effective, on the death of the primary life assured, this benefit ends and the premium waiver stops. You must continue paying premiums immediately if the policy is to continue cover for the secondary life assured as the new primary life assured.
#### Who can be a secondary life assured?
- You are the policyowner. You can also be the primary life assured. In this case, you can appoint a secondary life assured who can be your spouse or your child. On your death, the secondary life assured can carry on with the policy by becoming the new primary life assured.
- You are the policyowner. The primary life assured can be your spouse or your child who is a minor. You can appoint a secondary life assured who can be your spouse (if not already the primary life assured) or your child who is a minor (if not already the primary life assured). On the death of the primary life assured, the secondary life assured will carry on with the policy by becoming the new primary life assured.
You cannot appoint a secondary life assured if your policy already has a nomination of beneficiary or a trust has been created under your policy.
To apply to appoint a secondary life assured, you must use our appropriate application form and meet the conditions on it. We will let you know if we accept your application.
Any application to change the secondary life assured will replace any existing appointment of secondary life assured that was submitted to us previously.
### 3. Appoint a Secondary Policyowner
You can appoint or change or remove the secondary policyowner at any time throughout the policy term, but only after two years from the cover start date of the policy.
When the primary policyowner dies, the secondary policyowner becomes the new primary policyowner of the policy. When this happens:
- the policy continues with the new primary policyowner; and
- there is no change to the existing primary life assured and appointed secondary life assured (if any).
You can appoint any individual as the secondary policyowner without the need to prove insurable interest between the secondary policyowner and the primary life assured. However, if the policy ownership has changed (including situations where the policy has been assigned or the secondary policyowner has become the new primary policyowner on the death of the original policyowner), any appointment of a secondary policyowner, after that, is allowed only if there is insurable interest between the new secondary policyowner and the primary life assured.
The appointment of a secondary policyowner is allowed, provided:
- the policy is not owned by a business organisation;
- the policy is not purchased on a joint ownership basis;
- you have been paying your premiums regularly and there are no unpaid premiums due;
- there is no nomination of beneficiary or trust created under the policy;
- there is no pending claim under the policy; and
- the secondary policyowner meets our proposal requirements.
If you are the policyowner and the primary life assured, you may appoint a secondary policyowner only if a secondary life assured is appointed.
The appointment of a secondary policyowner approved by us will be automatically revoked if:
- the policy is assigned, or a trust is created by the primary policyowner;
- the Wealth Share option is exercised by the primary policyowner;
[p.8]
- you are both the primary policyowner and primary life assured, and the appointment of the secondary life assured is removed or the secondary life assured dies before you. In this case, the policy will end on the death of the primary life assured and with the payment of the Death Benefit;
- the secondary policyowner dies before the primary policyowner, becomes bankrupt, is restricted by laws or regulations, is diagnosed with mental incapacity;
- there is a will or legal document, that is meant to control or manage your money, property, or belongings after you pass away, whether it was signed before or after this appointment, and which has changed the secondary policyowner, or created a beneficiary for the policy;
- there is a legal document, or power of attorney, that allows someone to control or manage your money, property, or belongings because the primary policyowner is mentally unable to do so, and that person changes the secondary policyowner; or
- any other situation we decide at our sole discretion, which may include a change of laws or regulations or be subject to a legal document.
To apply to appoint a secondary policyowner, you must use our appropriate application form and meet the conditions on it. We will let you know if we accept your application.
Any application to change the secondary policyowner will replace any existing appointment of secondary policyowner that was submitted to us previously.
For the change of policyowner to be effective when the primary policyowner dies, the secondary policyowner must write to us and provide proof of death and any other information we ask for within the required timeframe (if any). If the secondary policyowner cannot meet these requirements or we do not approve the change in time, the secondary policyowner's appointment will be cancelled and the policy will go to the primary policyowner's estate.
### 4. Change of Life Assured
You can choose to change the life assured to another life assured at any time throughout the policy term, but only after two years from the cover start date of the policy.
This change is allowed only if:
- you show satisfactory proof that you or the business organisation (where it applies) has insurable interest on the new life assured in line with the laws and regulations that apply; and
- the new life assured meets our underwriting requirements.
When the change in life assured becomes effective,
- you will receive a revised certificate of life assurance with the new life assured's particulars.
- the cover for the original life assured ends and the cover for the new life assured starts on the new cover start date as shown in the revised certificate of life assurance. All rights under the original life assured ends with immediate effect.
- the supplementary benefits (if any) automatically end.
You cannot change the life assured if your policy already has a nomination of beneficiary or a trust has been created under your policy.
To apply, you must use our appropriate application form and meet the conditions on it. We will let you know if we accept your application.
### 5. Wealth Share (Option to divide the policy)
Wealth Share is an option to divide the policy into sub-policies+ within 130 years from the first premium due date of the original policy. You can further divide the sub-policies into more sub-policies as long as it is within 130 years from the first premium due date of the original policy.
[p.9]
The percentage allocation of each sub-policy from the division from the base policy* must be in multiples of 5%. All policy values including total regular premiums paid, units in the policy, withdrawal amount and dividend payments will be adjusted according to this percentage allocation. How we work out and decide on the final results, is final and binding.
+ sub-policies are the resulting policies from the base policy
* base policy is the policy that the sub-policies originate from
You can choose to exercise the Wealth Share option provided:
- it is after the premium term and the administration charge period of the original policy,
- you have been paying your premiums regularly and there are no unpaid premiums due, and
- the sub-policies must each meet a minimum total account value for the Growth Account, Flex Account and Additional Investment Account (where applicable), after the division. Currently, the minimum value is set as S$100,000. We can change this minimum value and will let you know at the time you apply for Wealth Share.
Once we receive your Wealth Share request, we use the bid price on three business days to value the units:
1. One business day before we receive the request; or
2. The business day that we receive the request; or
3. The next business day after we receive the request.
If the account value on one of these three business days meets the minimum value set by us, we will process the Wealth Share request. We will transfer the units from the base policy to the sub-policies and the base policy will end.
The cover start date of the sub-policies will be on the same day of the month as the premium due date before Wealth Share was activated.
Once Wealth Share is activated:
- The appointed secondary life assured (if any) and secondary policyowner (if any) will be removed.
- The supplementary benefits (if any) automatically end.
- The base policy ends and the sub-policies starts on the new cover start date as shown in the revised certificate of life assurance. All rights under the base policy ends with immediate effect. Any claim from the base policy that is submitted after the date we received the Wealth Share request will not be accepted.
- You will receive a set of policy documents for each of the sub-policies. This would be the new policy document for the sub-policy and revised certificate of life assurance with the updated plan's particulars.
- The policy value of the sub-policies will be adjusted according to the percentage allocation for each sub-policy.
You cannot request for Wealth Share if there is pending claim under your base policy, your base policy already has a nomination of beneficiary, or a trust has been created under your base policy.
To apply, you must use our appropriate application form and meet the conditions on it. We will let you know if we accept your application.
### 6. Switch from one PRULink Fund to another
Once you have enough units in your Growth Account, Flex Account and Additional Investment Account (where applicable), you can ask us to switch them into other PRULink funds that are available. You must state which account (the Growth Account or Flex Account or Additional Investment Account) you wish to switch out from. Funds from different accounts cannot be combined (that means, funds from the Growth Account or Flex Account or Additional Investment Account cannot be transferred into any of the other accounts). They will remain separate even though you may choose the same PRULink fund to switch into.
[p.10]
There is a minimum amount you can switch out of a PRULink fund and we will let you know this minimum amount at the time you apply to do the switch.
The value of the remaining units in the PRULink fund that you are switching out from cannot be lower than a minimum amount we indicate. To work out the value of the remaining units, we use the bid price at the time the switch is carried out. If the value of the remaining units is lower than the minimum amount, you must switch all the units out of the fund. We can change at any time, the minimum amount you can switch out of a fund when there is any new application to switch funds. We will let you know this minimum amount at the time of your application to do the switch.
To make the switch, we sell your units in the old PRULink fund at the bid price of that fund and buy units in the new PRULink fund at its bid price.
We currently do not charge for fund switches. However, we can levy an administration charge but we will give you 30 days' written notice before we do so.
If we receive your application:
a) by 3pm, we use the bid price on the next business day to work out the number of units; or
b) after 3pm, we use the bid price on the second business day from the day we receive your application, to work out the number of units.
To apply, you must use our appropriate application form and meet the conditions on it. We will let you know if we accept your application.
### 7. Change your Regular Premium Distribution
At any time, you can ask us to change the proportions of how your regular premiums are being invested. You must state which account you wish to make the change. Funds from the different accounts (Growth Account or Flex Account, where applicable) cannot be combined. They will remain separate even though you may choose to change the proportions into the same fund.
You can only change in multiples of 5% and into any of the PRULink funds that are currently available. We make the change the next time you pay your regular premium.
To make a change, you must use our appropriate application form and meet the conditions on it. We will let you know if we accept your application.
### 8. Top-up via Investment Booster (Lump Sum)
You can pay an additional one-off premium called the Investment Booster (Lump Sum), at any time, to increase your investment. The minimum Investment Booster (Lump Sum) premium is S$10,000.
When you apply for your Investment Booster (Lump Sum), you choose whether you want:
- to invest all your Investment Booster (Lump Sum) premium in one of the PRULink funds; or
- to invest part of your Investment Booster (Lump Sum) premium in two or more of the PRULink funds.
You must invest a minimum of 5% of your Investment Booster (Lump Sum) premium in any PRULink fund you choose and after that invest in multiples of 5%.
[p.11]
There is a premium charge of 3% of your Investment Booster (Lump Sum) premium. This premium charge is an upfront charge that we deduct from the Investment Booster (Lump Sum) premium paid.
We use the remaining 97% of the Investment Booster (Lump Sum) premium to buy units at the bid price in the PRULink fund or funds you have chosen. We credit the units to your Additional Investment Account.
If we receive your Investment Booster (Lump Sum) premium:
a) by 3pm, we use the bid price on the next business day to work out the number of units; or
b) after 3pm, we use the bid price on the second business day from the day we receive your premium, to work out the number of units.
We can change the premium charge or levy an administration charge for the Investment Booster (Lump Sum) feature at any time, but we will give you 30 days' written notice before we do so.
To apply, you must use our appropriate application form and meet the conditions on it. We will let you know if we accept your application.
### 9. Go on Premium Holiday
After the Minimum Contribution Period, if you fail to pay a premium on time or you stop paying your premiums and there are units in your accounts, your policy automatically continues at the same sum assured for the same basic benefits. We continue to bill you for the administration charge by using the units in your accounts. This is the **Premium Holiday** period.
We levy a premium holiday charge from the first premium due date of the policy during the premium holiday period and on the same day every month after that. We will deduct the premium holiday charge through the cancellation of units in the Growth Account and/or Flex Account (where applicable). When there are no more units in the Growth Account and/or Flex Account (where applicable), we will deduct from the Additional Investment Account. When there are no more units in all accounts, your policy will end.
Each month we will use the bid price on the next business day to sell proportionate units from all the PRULink funds you have invested to pay for the premium holiday charge. We will work out the proportionate units to sell based on the number of units still invested by you in each of the PRULink funds as at the time of the sale. How we work out and decide on the final results, is final and binding.
We stop the premium holiday charge at the end of the premium term or when you resume paying premiums from the current premium due onwards.
**Formula of Premium Holiday Charge:** (Premium Holiday Charge Rate * P) / 12, where Premium Holiday Charge Rate is derived from the Premium Holiday Charge Table and P is the annualised premium.
#### Premium Holiday Charge Table
| Policy Year | Premium Holiday Charge as a % of the Annualised Premium |||||
|---|---|---|---|---|---|
| | 3-Year Premium Term | 5-Year Premium Term | 10-Year Premium Term | 15-Year Premium Term | 20-Year Premium Term |
| 1 | - | - | - | - | - |
| 2 | - | - | - | - | - |
| 3 | 50% | 50% | 50% | 50% | 50% |
| 4 | | 50% | 50% | 50% | 50% |
| 5 | | | 50% | 50% | 50% |
[p.12]
| Policy Year | Premium Holiday Charge as a % of the Annualised Premium |||||
|---|---|---|---|---|---|
| | 3-Year Premium Term | 5-Year Premium Term | 10-Year Premium Term | 15-Year Premium Term | 20-Year Premium Term |
| 6 | | | 20% | 20% | 20% |
| 7 | | | 20% | 20% | 20% |
| 8 | | | 20% | 20% | 20% |
| 9 | | | 20% | 20% | 20% |
| 10 | | | 20% | 20% | 20% |
| 11 | | | | 10% | 10% |
| 12 | | | | 10% | 10% |
| 13 | | | | 10% | 10% |
| 14 | | | | 10% | 10% |
| 15 | | | | 10% | 10% |
| 16 | | | | | 5% |
| 17 | | | | | 5% |
| 18 | | | | | 5% |
| 19 | | | | | 5% |
| 20 | | | | | 5% |
| 21 & above | | | | | |
**Premium Holiday Charge Refund:** If you pay all unpaid premiums due, we will refund 70% of the premium holiday charges levied by buying units and placing them in the Growth Account and/or Flex Account (where applicable). We will buy units based on the same proportions of how your regular premiums are being invested, in each of the PRULink funds in the accounts, at the time of the premium holiday refund. How we work out and decide on the final results, is final and binding.
If you chose to reinstate the policy by only paying current premium, then in the future, you cannot choose to pay any of the previously unpaid premiums due during the premium holiday period to receive the premium holiday charge refund.
### 10. Premium Pass Option
If you have made no withdrawals from the Growth Account and/or Flex Account (where applicable) and have fully paid the regular premiums for a minimum number of years (see table below), you are entitled to a one-year Premium Pass.
| Premium Term | Minimum number of years premiums were paid |
|---|---|
| 3 years | Not applicable |
| 5 years | 3 years |
| 10 years | 5 years |
| 15 years | 10 years |
| 20 years | 10 years |
You can choose to activate the Premium Pass option during the premium term. Your remaining premium term must be at least one year. If we accept your application, the Premium Pass option will start from the next premium due date.
Once the Premium Pass is activated,
- you will receive a revised certificate of life assurance with the updated last premium due date and the plan's particulars;
- premium holiday and administration charges (if applicable) under the policy will stop for one year;
- the supplementary benefits (if any) automatically end.
[p.13]
The following will be extended for one year:
- the premium term,
- administration charge period,
- premium holiday charge period,
- surrender charge period, and
- partial withdrawal charge period.
The extension of the premium term and administration charge period will affect:
- when you will receive the Loyalty Bonus, and
- when you can apply for Wealth Share.
You are not allowed to opt-out from Premium Pass once it has been activated.
If you had unpaid premiums before you chose to activate the Premium Pass, then in the future, you cannot choose to pay any unpaid premiums that existed before the activation of Premium Pass and the unpaid premiums during the Premium Pass period, in order to receive the premium holiday charge refund.
You must continue paying premiums immediately after the Premium Pass period has ended.
To apply, you must use our appropriate application form and meet the conditions on it. We will let you know if we accept your application.
### 11. Withdraw units from your accounts
You can make a partial withdrawal by asking us to sell some of the units in your Growth Account, Flex Account or Additional Investment Account, where applicable. If you make a withdrawal from your Growth Account and/or Flex Account (where applicable), there is a withdrawal charge. It is a percentage of the withdrawn amount. You have to let us know which Account, the Growth Account, Flex Account or the Additional Investment Account, that you want to withdraw from.
#### Partial Withdrawal Charge Table
| Policy Year | Partial Withdrawal Charge as a % of the Withdrawn Amount |||||
|---|---|---|---|---|---|
| | 3-Year Premium Term | 5-Year Premium Term | 10-Year Premium Term | 15-Year Premium Term | 20-Year Premium Term |
| 1 | 100% | 100% | 100% | 100% | 100% |
| 2 | 100% | 100% | 100% | 100% | 100% |
| 3 | 60% | 60% | 80% | 80% | 80% |
| 4 | 50% | 50% | 70% | 70% | 70% |
| 5 | 40% | 40% | 60% | 60% | 60% |
| 6 | 30% | 30% | 50% | 50% | 50% |
| 7 | 20% | 20% | 40% | 45% | 45% |
| 8 | 10% | 10% | 30% | 40% | 45% |
| 9 | | | 20% | 35% | 40% |
| 10 | | | 10% | 30% | 40% |
| 11 | | | | 25% | 35% |
| 12 | | | | 20% | 30% |
| 13 | | | | 15% | 25% |
| 14 | | | | 10% | 20% |
| 15 | | | | 5% | 12% |
| 16 | | | | | 10% |
[p.14]
| Policy Year | Partial Withdrawal Charge as a % of the Withdrawn Amount |||||
|---|---|---|---|---|---|
| | 3-Year Premium Term | 5-Year Premium Term | 10-Year Premium Term | 15-Year Premium Term | 20-Year Premium Term |
| 17 | | | | | 8% |
| 18 | | | | | 8% |
| 19 | | | | | 5% |
| 20 | | | | | 5% |
| 21 & above | | | | | |
The partial withdrawal charge does not apply to withdrawals from the Additional Investment Account.
We sell the units as soon as possible after accepting your application. If we receive your application:
a) by 3pm, we use the bid price on the next business day to work out the number of units; or
b) after 3pm, we use the bid price on the second business day from the day we receive your application, to work out the number of units.
You can only make a partial withdrawal if you have a minimum amount in your account. The minimum amount you can withdraw is currently S$1,000. The remaining units in the account(s) in the policy must be worth at least S$1,000 based on the bid price at the time of you make the withdrawal. If not, you will not be able to make a partial withdrawal.
When you make a withdrawal from the Growth Account, Flex Account and/or the Additional Investment Account, where applicable, it will reduce the account value of the respective accounts by the withdrawn amount.
#### Free Partial Withdrawal after 10 years:
After 10 years from the cover start date and if you have fully paid the regular premiums for 10 years, provided no withdrawal was made from the Growth Account and/or Flex Account (where applicable), there will be no partial withdrawal charge for the first partial withdrawal that you make.
This free partial withdrawal is subject to a maximum of 10% of the total Growth Account Value and/or Flex Account Value (where applicable). Any excess amount will be subject to the usual partial withdrawal charge.
If your premium term is 3 years, 5 years or 10 years, this free partial withdrawal after 10 years does not apply. Also, if you have previously made a free partial withdrawal under the diagnosis of the 3 illnesses and/or your retrenchment, you will not be eligible for this free partial withdrawal after 10 years.
#### Free Partial Withdrawal on Diagnosis of the 3 Illnesses:
After the minimum contribution period, if the life assured is diagnosed with any one of the 3 illnesses: cancer, heart attack or stroke, you are entitled to a one-time free partial withdrawal, subject to a maximum of 50% of the total Growth Account Value and/or Flex Account Value (where applicable). Any excess amount will be subject to the usual partial withdrawal charge.
The illnesses must be diagnosed by a registered medical practitioner in Singapore.
We will not cover any of the illnesses if they existed during the minimum contribution period of the policy or before the cover start date or date of reinstatement (if any) of the policy.
#### Free Partial Withdrawal Because of Your Retrenchment:
After the minimum contribution period, if you* are retrenched before the policy anniversary immediately before you turn 65 years old and remain unemployed for at least 30 continuous days, you are entitled to a one-time free partial withdrawal. The free withdrawal amount is subject to a maximum of 50% of the total Growth Account Value and/or Flex Account Value (where applicable). Any excess amount will be subject to the usual partial withdrawal charge.
This free partial withdrawal is only allowed, provided:
- it is after the minimum contribution period, or after 90 days from the date of reinstatement, whichever is later;
- the policy has not been assigned; and
[p.15]
- you remain unemployed for a minimum period of 30 continuous days from the date of retrenchment, as stated in the retrenchment letter issued by your employer.
*you refers to the original policyowner who pays the premium of the policy.
We will only accept your application if:
i) you are working in Singapore and the company you were working for is registered in Singapore;
ii) you are a Singapore citizen, Singapore permanent resident or a foreigner holding a valid employment pass issued by Ministry of Manpower of Singapore; and
iii) this free partial withdrawal application is received by us within 12 months from the date of retrenchment.
This free partial withdrawal does not apply to policies bought and owned by corporations. If the policy has joint owners, this will apply to both owners but can only be claimed once.
We do not allow this free partial withdrawal in any of the following circumstances:
- you are aware of the retrenchment before the cover start date of the policy;
- you are a part-timer, freelancer, or an independent contractor, self-employed or sole proprietor at the date of retrenchment;
- you are retrenched from full-time employment which you have not worked for at least six continuous months immediately before the retrenchment;
- your unemployment is a result of:
- your retirement;
- your resignation;
- your termination or suspension due to willful or deliberate misconduct or unlawful behaviour;
- the end of your employment contract;
- your leave of absence whether paid or unpaid;
- your military discharge;
- your voluntary forfeiture of income; or
- your poor performance.
**Retrenchment** means the termination of full-time employment, not by choice, and is certified as unemployed by the current employer. The retrenchment may be due to employer restructuring, reorganising, relocating, outsourcing or liquidating of the business.
To apply, you must use our appropriate application form and meet the conditions on it. We will let you know if we accept your application.
Please note that there is a likelihood that your policy coverage may stop when the premiums paid plus the value of units of your policy are not enough to pay for the charges. The likelihood is higher when you make frequent and/or large partial withdrawal(s).
### 12. Surrender the policy
You can apply at any time to surrender your policy. However, there is a charge when you surrender your policy within the specified years of your policy as shown below. It is a percentage of the Growth Account Value and/or Flex Account Value (where applicable).
#### Surrender Charge Table
| Policy Year | Surrender Charge as a % of the Growth Account Value and Flex Account Value |||||
|---|---|---|---|---|---|
| | 3-Year Premium Term | 5-Year Premium Term | 10-Year Premium Term | 15-Year Premium Term | 20-Year Premium Term |
| 1 | 100% | 100% | 100% | 100% | 100% |
| 2 | 100% | 100% | 100% | 100% | 100% |
[p.16]
| Policy Year | Surrender Charge as a % of the Growth Account Value and Flex Account Value |||||
|---|---|---|---|---|---|
| | 3-Year Premium Term | 5-Year Premium Term | 10-Year Premium Term | 15-Year Premium Term | 20-Year Premium Term |
| 3 | 60% | 60% | 80% | 80% | 80% |
| 4 | 50% | 50% | 70% | 70% | 70% |
| 5 | 40% | 40% | 60% | 60% | 60% |
| 6 | 30% | 30% | 50% | 50% | 50% |
| 7 | 20% | 20% | 40% | 45% | 45% |
| 8 | 10% | 10% | 30% | 40% | 45% |
| 9 | | | 20% | 35% | 40% |
| 10 | | | 10% | 30% | 40% |
| 11 | | | | 25% | 35% |
| 12 | | | | 20% | 30% |
| 13 | | | | 15% | 25% |
| 14 | | | | 10% | 20% |
| 15 | | | | 5% | 12% |
| 16 | | | | | 10% |
| 17 | | | | | 8% |
| 18 | | | | | 8% |
| 19 | | | | | 5% |
| 20 | | | | | 5% |
| 21 & above | | | | | |
We pay you the surrender value which is made up of:
a) the value of the units in your account(s), less the surrender charge (if any); and
b) any premium you have paid and which we have not invested yet.
We will first deduct any amounts you owe us. If the surrender amount is less than the surrender charge amount, then nothing will be paid out as the surrender value.
If we receive your application:
a) by 3pm, we use the bid price of the next business day to work out the surrender value; or
b) after 3pm, we use the bid price on the second business day from the day we receive the application, to work out the surrender value.
We will not refund any charges deducted from your accounts when you surrender your policy.
There is no surrender charge on the Additional Investment Account Value.
To apply, you must use our appropriate application form and meet the conditions on it. We will let you know if we accept your application.
### 13. Add Supplementary Benefits
These are the supplementary benefits you can add to your policy:
- Payer Security Plus
- Crisis Waiver III
- Accident Assist
You may add a supplementary benefit to your policy at any time if:
- the supplementary benefit is available;
[p.17]
- you are paying your regular premiums;
- we decide that the life assured is in good health (if applicable);
- the life assured is within the age limits;
- you pay the extra premium; and
- your policy has not ended.
We may introduce new benefits or withdraw the benefits offered as we consider appropriate.
All supplementary benefits are subject to product terms and conditions. Please consult a representative of either Prudential Singapore or a distributor duly appointed by Prudential Singapore for more information.
### 14. Vary Regular Premium
Changes to the regular premium (including any increase or reduction) are not allowed for PRUVantage Wealth III.
## Exclusions:
There are certain conditions such as death from suicide or Pre-existing Condition within 12 months from cover start date under which no benefits will be payable. You are advised to read your policy document for the full details of these exclusions.
## Termination:
Your PRUVantage Wealth III policy will end when:
- we pay the death or accidental death benefit;
- you surrender (end) the policy and receive the benefits;
- you do not pay premiums during the minimum contribution period;
- there are not enough units in the account(s) to pay the charges; or
- Wealth Share is activated,
whichever event happens first.
## Reports:
You will receive a statement on the performance and value of your investment-linked life policies. The statement will be issued by us annually.
The financial year-end of the PRULink fund(s) is 31 December of each year. You will receive the Semi-Annual Report and Annual Audited Report within 2 months and 3 months respectively from the last date of the period to which the report dates. The Semi-Annual Report and Annual Audited Report may also be obtained from www.prudential.com.sg.
[p.19]
## What happens if the parties involved in the PRULink funds becomes insolvent?
### Eastspring Investments (Singapore) Limited
The assets of the Funds and/or the Underlying Funds and/or Underlying Entities are held by a Custodian and/or a Depository. The Custodian and/or Depository shall keep these assets segregated on its books and records from its own assets and the assets of its other clients.
### Schroders Investment Management (Singapore) Limited
Securities held by the Custodian or the Trustee will be segregated from the other assets of the Fund Manager or the Investment Managers (as the case may be) and ring-fenced against the insolvency of the Fund Manager and/or the Investment Managers.
### abrdn Asia Limited
The Trustee of the Fund, the abrdn Select Portfolio, is responsible for the safe-keeping of the assets of the Underlying Fund in accordance with the trust deed of the abrdn Select Portfolio.
Under the trust deed of the abrdn Select Portfolio, if the Investment Manager, i.e. abrdn Asia Limited, goes into liquidation (except a voluntary liquidation for the purpose of reconstruction or amalgamation upon terms previously approved in writing by the Trustee) or if a receiver is appointed over any of its assets or a judicial manager is appointed in respect of the Investment Manager or if it ceases business, the Trustee may remove the Investment Manager. The Underlying Fund may also be terminated by the Trustee if the Investment Manager goes into liquidation (except a voluntary liquidation for the purpose of reconstruction or amalgamation upon terms previously approved in writing by the Trustee) or if a receiver is appointed over any of its assets or if a judicial manager is appointed in respect of the Investment Manager or if any encumbrancer takes possession of any of its assets or if it ceases business.
### JPMorgan Asset Management Limited
The Managers and/or Investment Managers use a Custodian or a Trustee to safeguard the assets of the Funds and/or the Underlying Funds.
The assets of the PRULink funds will appear in the Manager's and/or Investment Manager's books (as the case may be) as belonging to the Product Provider. The assets of the Funds and/or the Underlying Funds held by the Custodian or the Trustee will be segregated from all other assets which mitigates but does not exclude the risk of non-restitution of the assets in the case of the insolvency of the Manager and/or the Investment Manager.
### FIL Fund Management Limited
Fidelity Funds (the "SICAV") including the underlying fund has appointed Brown Brothers Harriman (Luxembourg) S.C.A. as the depositary to safekeep the assets of the SICAV (custody of assets that can be held in custody and ownership verification and record keeping of other assets). Accordingly, the assets of the underlying fund in which PRULink or PRUPrime fund invests are segregated from the assets and liabilities of the management company, investment manager (FIL Fund Management Limited) and any other service providers of the SICAV.
### Fullerton Fund Management Company Ltd. (the "Manager")
If the Manager go into liquidation (except a voluntary liquidation for reconstruction or amalgamation upon previously approved terms) or if a receiver is appointed over any of the Manager's assets or a judicial manager is appointed in respect of the Manager, the Trustee may by notice in writing remove the Manager as Managers and appoint some other corporation as manager of the Fund and/or terminate the Fund in accordance with the Deed. If the Trustee goes into liquidation (except a voluntary liquidation for reconstruction or amalgamation) or if a receiver is appointed over any of its assets or a judicial manager is appointed in respect of the Trustee, the Manager may by notice in writing remove the Trustee and appoint another person as the new trustee of the Fund in accordance with the Deed. In the event the Custodian becomes insolvent, the Trustee may by notice in writing, terminate the custodian agreement entered into with the Custodian and, in accordance with the Deed, appoint such person as the new custodian to provide custodial services to the Fund globally.
### Prudential Assurance Company Singapore (Pte) Limited ("Prudential Singapore")
Where Prudential Singapore is the named Manager, it uses a Custodian to safeguard units held within the Funds. Units held by the Custodian will be segregated from the Custodian's own assets and the assets of its other clients. The securities of the underlying funds would be safeguarded by the respective Fund or Investment Manager's appointed Custodian or Trustee.
[p.20]
### PIMCO Asia Limited
PIMCO Funds: Global Investors Series plc (the "Company") is an umbrella type open-ended investment company with variable capital and with segregated liability between Funds incorporated with limited liability under the laws of Ireland and is subject to the rules and regulations of the Central Bank of Ireland.
The Company is an Irish UCITS which appointed a third party Depositary, State Street Custodial Services (Ireland) Limited to act as depositary (the "Depositary") to safeguard the assets of each Fund. The duty of the Depositary is to provide safekeeping, oversight and asset verification in respect of the assets of the Company and each Fund in accordance with the provisions of Irish law the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations, 2011 (S.I. No. 352 of 2011) and any further amendments thereto) and any regulations or notices issued by the Central Bank of Ireland pursuant thereto for the time being in force.
As a matter of Irish law, any liability incurred on behalf of or attributable to any Fund of the Company shall be discharged solely out of the assets of that Fund, and neither the Company nor any director, receiver, examiner, liquidator, provisional liquidator or other person shall apply, nor be obliged to apply, the assets of any such Fund in satisfaction of any liability incurred on behalf of or attributable to any other Fund of the Company, irrespective of when such liability was incurred. Shareholders are not liable for any amounts in excess of the value of their Shares in a Fund, nor are they liable for the debts of any other Fund of the Company.
### GMO Investment Management Company (Ireland) Limited
A Depositary is responsible for the safe-keeping of the Underlying Fund's assets. The Depositary's functions include holding in custody all financial instruments that are registered directly or indirectly in the name of the Depositary in a financial instruments account and verifying the ownership of other assets and maintaining a record of the other assets for which it is satisfied that the Underlying Fund holds the ownership.
### Wellington Management Company LLP
Assets of the funds are held in custody by the appointed depositary in accordance with UCITS regulation. This custody arrangement should not be impacted by the insolvency of the investment manager.
### Allianz Global Investors Singapore Limited
In the event of insolvency of the Management Company, the Investment Managers, the Sub-Investment Managers, the Investment Advisor or the Depositary, the appointment of such party will be terminated and a replacement or a successor entity will be appointed in its place, as contractually agreed by such parties and in accordance with applicable laws and regulations.
### HSBC Global Asset Management (Singapore) Limited
The assets of the UCITS are segregated from the assets of both the depositary and the manager. Therefore, the UCITS assets are protected in case of a default by the manager or the depositary.
### UOB Asset Management Limited
The Trustee shall be responsible for the safe keeping of the Deposited Property of each Sub-Fund in accordance with the provisions of the Deed and shall stand possessed of the assets of each Sub-Fund as a single common fund, separate from each of the other Sub-Funds established hereunder, upon trust for the Holders of Units relating to such Sub-Fund and any moneys forming part of the Deposited Property of such Sub-Fund shall from time to time be invested at the direction of the Managers in accordance with the provisions of the Deed provided however that nothing in this Clause shall prevent the Trustee, at the direction of the Managers, form holding an asset on behalf of one or more Sub-Funds pro-rata to the contribution made by each Sub-Fund for the acquisition of such asset.
### Amundi Singapore Limited
The Fund's depositary holds all of the Fund's assets, including its cash and securities, either directly or through other financial institutions such as correspondent banks, subsidiaries or affiliates of the depositary. All assets that can be held in custody are registered in the depositary's books in segregated accounts, opened in the name of the Fund, in respect of each Sub-Fund.
[p.21]
### M&G Luxembourg S.A.
The assets of the Fund are held in safekeeping by the Depositary detailed in the prospectus. In the event of the insolvency of the Manager, the Fund's assets in the safekeeping of the Depositary will not be affected. However, in the event of the Depositary's insolvency, or someone acting on its behalf, the Fund may suffer a financial loss. However, this risk is mitigated to a certain extent by the fact the Depositary is required by law to segregate its own assets from the assets of the Fund. The Depositary will also be liable to the Fund and the investors for any loss arising from, among other things, its negligence, fraud or intentional failure properly to fulfil its obligations (subject to certain limitations).
### BlackRock Asset Management North Asia Limited (the "Manager")
The Trustee shall be responsible for the safe keeping of the Trust Fund and shall take into custody or under its control all the property forming part of the Trust Fund and hold them in trust for the unitholders of the relevant Sub-Fund in accordance with the provisions of the Trust Deed. The Trustee and/or Custodian shall segregate the assets of the Fund from the assets of (A) the Manager, the Investment Delegate (if applicable) of that Fund and their respective Connected Persons; (B) the Trustee and any Correspondent throughout the custody chain; and (C) other clients of the Trustee and Correspondents throughout the custody chain, unless held in an omnibus account with adequate safeguards in line with international standards and best practices to ensure that the assets of the Fund is properly recorded with frequent and appropriate reconciliations being performed. Therefore, the assets of the Fund shall be protected in the event of insolvency of the Manager/Investment Delegate (if applicable)/Trustee/Custodian.
### Franklin Templeton
Templeton Asset Management Ltd is an indirectly wholly owned subsidiary of Franklin Resources, Inc., which operates as Franklin Templeton ("FT").
Franklin Templeton is made up of renowned names in the investment management industry such as Franklin, Templeton and Mutual Series and other specialized investment teams, each with its own unique investment style and specialization. FT is able to capitalize on the investment and research expertise of investment professionals worldwide to seek consistently superior performance in the long-term.
Franklin Resources, Inc., listed on the New York Stock Exchange, is currently one of the largest publicly traded U.S. asset managers in terms of both assets under management and market capitalization.
Franklin Templeton marked its presence in Singapore with the set up of a research office in 1990. Templeton Asset Management Ltd was officially incorporated in September 1992 and was registered as an Investment Advisor with the Authority under the now repealed Securities Industry Act. Templeton Asset Management Ltd currently holds a Capital Markets Services Licence for fund management issued by the Authority pursuant to the Securities and Futures Act.
Templeton Asset Management Ltd has been credited for providing innovative and creative investment products to the Singapore investing public since it pioneered Singapore's first umbrella and feeder fund, Franklin Templeton Funds, in 1996. Subsequently, it went on to launch the first emerging markets fund, the first life sciences fund and the first U.S. government securities fund in Singapore within a span of 5 years.
Templeton Asset Management Ltd has been managing collective investment schemes since 1992.
Franklin Templeton International Services S.à r.l. or, where relevant, the members of the Management Company's board of managers may terminate any Investment Manager with immediate effect, in the event of the insolvency of such Investment Manager.
### Lion Global Investors Limited
In accordance with the provisions of the Deed, in the event we (the "Managers") become insolvent, the Trustee may by notice in writing (i) remove us as managers of the Fund and / or (ii) terminate the Fund.
In accordance with the provisions of the Deed, in the event the Trustee becomes insolvent, the Trustee may be removed and replaced by a new trustee whom shall be appointed by the Managers.
In the event the Custodian becomes insolvent, the Trustee may by notice in writing, terminate the custodian agreement entered into with the Custodian and, in accordance with the Deed, appoint such person as the new custodian to provide custodial services to the Fund globally.
The Sub-Fund would, in the event of the insolvency of the Custodian, rank as an unsecured creditor. Holdings of Gold in an Unallocated Account confer only a contractual claim against the Custodian, rather than a proprietary interest in Gold. In the event of the Custodian's insolvency, such a claim would likely be treated as unsecured, exposing the Sub-Fund to potential loss. If the Custodian becomes insolvent, its assets may not be adequate to satisfy a claim by the Sub-Fund. The credit risk exposure to the Custodian and/or its sub-custodians is mitigated by ensuring that the amount of Unallocated Gold will always be 5% or less of the Net Asset Value of the Sub Fund. If the Managers do not instruct the allocation of the Sub-Fund's Gold in a timely manner or in the proper amounts, Unallocated Gold will not be segregated from the Custodian's assets, and the Sub-Fund will be an unsecured creditor of the Custodian with respect to the amount so held in the event of the insolvency of the Custodian.
Gold held in the Sub-Fund's Unallocated Account will not be segregated from the Custodian's or sub-custodian's assets, and would be subject to the credit risk of the Custodian. If the Custodian or sub-custodian becomes insolvent, its assets may not be adequate to satisfy a claim by the Sub-Fund.
If the Custodian or sub-custodian becomes insolvent, its assets may not be adequate to satisfy a claim by the Sub-Fund. In the event of the Custodian's or sub-custodian's insolvency, there may be delays and costs incurred in identifying the Gold held in the Sub-Fund's Allocated Account. Gold does not generate income. As such, in order to meet the Sub-Fund's operational expenses and other cash flow requirements (including those arising from redemption transactions), Gold may need to be sold at the prevailing market price, regardless of whether the price of Gold is rising or falling, which may adversely affect the value of the Units. Please refer to the Prospectus for further details on the risks regarding the Sub-Fund's holdings in Gold.
### T. Rowe Price Funds SICAV ("TRP SICAV")
An independent depositary is appointed to safeguard the assets of the TRP SICAV in accordance with Luxembourg law and UCITS regulations. The assets of TRP SICAV are segregated from the assets of both the depositary and the investment manager, and are protected in case of a default by the depositary or the investment manager.
### Goldman Sachs Asset Management B.V
In respect of those assets of the Fund which are required to be held in custody by the Depositary and identified as belonging to the Fund in the Depositary's books, the assets of each Portfolio are segregated from other assets of the Depositary. This mitigates but does not prevent the risk of non-return of the assets of the Fund in the event of insolvency or bankruptcy of the Depositary. On the other hand, cash deposits placed with the Depositary are not segregated and are therefore exposed to increased risk in the event of insolvency or bankruptcy of the Depositary with the Fund being a general unsecured creditor of the Depositary.
The Depositary may appoint sub-custodians to hold the assets in countries where the Fund invests and, notwithstanding compliance by the Depositary with its legal obligations, these assets are therefore exposed to the risk of insolvency or bankruptcy of those sub-custodians. In jurisdictions where legal and regulatory protections covering the holding of assets in such jurisdictions may be weaker, the Fund may be exposed to a higher risk of loss of its assets or because the
---
### https://lifeinsurance.com.sg/api/product/prudential/pruvital-cover/summary.md
# PRUVital Cover
**Insurer:** Prudential Singapore (Prudential Assurance Company Singapore (Pte) Limited)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/199002477Z/PRUvital%20cover_Summary.pdf
## Source wording
- **Effective from:** (not stated in document)
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/199002477Z/PRUvital%20cover_Summary.pdf
- **PDF sha256:** `d276f7e4a9e26282b5df825980ab09c87ba869ca5b1b3261f775922b0c2aa09c`
- **Extraction confidence:** verified
## Extracted facts
### free look
```json
{
"period_days": 14,
"source_page": 4,
"refund_basis": "we will refund you the premiums you have paid (without interest), less any medical fees and other expenses, such as payments for medical check-ups and medical reports, incurred by us."
}
```
### exclusions
```json
[
{
"text": "If the life assured dies directly or indirectly from an activity under Special Exclusion or Special Terms and Conditions shown on your Certificate of Life Assurance, we do not pay the Death Benefit but will refund the total premiums, without interest, received from you less expenses incurred by us on your policy.",
"source_page": 2
},
{
"text": "If the life assured dies from suicide within 12 months from the Cover Start Date or date of reinstatement of your policy, we will cancel your policy and refund the total premiums, without interest, received from you less expenses incurred by us on your policy.",
"source_page": 2
},
{
"text": "If the life assured dies from a Pre-existing Condition within 12 months from the Cover Start Date or date of reinstatement (if any) of your policy, we cancel your policy unless the level of severity was accurately declared in the proposal and specifically accepted by us. If we cancel the policy, we refund the total premiums received from you, without interest, less expenses incurred by us on your policy.",
"source_page": 2
},
{
"text": "Terminal Illness in the presence of HIV infection is excluded.",
"source_page": 2
},
{
"text": "We do not pay Terminal Illness Benefit if: (a) the life assured is already deceased at the time of the claim; (b) the symptoms of the Terminal Illness existed at the Cover Start Date or date of reinstatement (if any) of this benefit; or (c) the life assured is diagnosed as having a Terminal Illness caused by: self-inflicted injuries while sane or insane; Acquired Immunodeficiency Syndrome (\"AIDS\"), AIDS-related complex or infection by Human Immunodeficiency Virus (\"HIV\") except HIV Due to Blood Transfusion and Occupationally Acquired HIV; the use of unprescribed drugs where such drugs are required by law to be prescribed by a Registered Medical Practitioner; or an activity under Special Exclusion and/or Special Terms and Conditions shown on your Certificate of Life Assurance.",
"source_page": 3
}
]
```
### cash values
```json
{
"has_cash_value": false,
"non_guaranteed_bonus": {
"available": false
},
"guaranteed_surrender_value": {
"basis": "As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely.",
"available": false,
"source_page": 3
}
}
```
### grace period
```json
{
"days": 30,
"source_page": 3
}
```
### product type
```json
"term-life"
```
### underwriting
```json
{
"source_page": 2,
"pre_existing_treatment": "A \"Pre-existing Condition\" is the existence of any signs or symptoms for which treatment, medication, consultation, advice or diagnosis has been sought or received by the life assured or would have caused an ordinary prudent person to seek treatment, diagnosis or cure, prior to the Cover Start Date or date of reinstatement (if any) of this benefit. If the life assured dies from a Pre-existing Condition within 12 months from the Cover Start Date or date of reinstatement (if any) of your policy, we cancel your policy unless the level of severity was accurately declared in the proposal and specifically accepted by us."
}
```
### policy basics
```json
{
"minimum_entry_age": {
"basis": "as-stated",
"source_page": 1
},
"maximum_coverage_age": {
"basis": "as-stated",
"source_page": 1
}
}
```
### premium terms
```json
{
"cpf_eligible": {
"srs": false,
"notes": "PRUVital Cover is not a Medisave-approved policy and you may not use Medisave to pay the premium for this policy.",
"source_page": 3,
"special_account": false,
"ordinary_account": false
},
"payment_modes": [
"monthly",
"quarterly",
"semi-annual",
"annual"
],
"premium_review_clause": {
"text": "We guarantee that the premiums for your policy will remain unchanged throughout its premium term as long as you pay the premiums within 30 days of the date they are due.",
"reviewable": false,
"source_page": 3
}
}
```
### suicide clause
```json
{
"source_page": 2,
"payout_within_period": "If the life assured dies from suicide within 12 months from the Cover Start Date or date of reinstatement of your policy, we will cancel your policy and refund the total premiums, without interest, received from you less expenses incurred by us on your policy.",
"exclusion_period_months": 12
}
```
### document metadata
```json
{
"wording_version": "Version 07/2025",
"product_full_name": "PRUVital Cover",
"insurer_legal_entity": "Prudential Assurance Company Singapore (Pte) Limited"
}
```
### terminal illness benefit
```json
{
"available": true,
"source_page": 2,
"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.\""
}
```
---
*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.*
---
### https://lifeinsurance.com.sg/api/product/prudential/pruvital-cover/wording.md
# PRODUCT SUMMARY: PRUVital Cover
[p.1]
The Product Summary and Policy Illustration are for illustrative purposes only and shall not constitute a contract. The following is a simplified description of the key product features. The exact terms can be found in your policy document.
## Details of Product Provider:
Prudential Assurance Company Singapore (Pte) Limited ("Prudential Singapore"), 30 Cecil Street, #30-01 Prudential Tower, Singapore 049712 Tel: 1800-3330 333 is the product provider.
The Prudential Financial Consultant or a representative of Prudential Singapore shall explain to you that Prudential Singapore is responsible for the product features and contractual provisions.
This policy and its Supplementary benefit(s) (if any) is/are 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 your insurer or visit the General Insurance Association (GIA) /Life Insurance Association (LIA) or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).
The Proposer acknowledges receipt of all the pages of the Product Summary for the Main plan and Supplementary benefits (where applicable). The contents have been explained to his/her satisfaction.
## Nature and Objective of the Plan:
PRUVital Cover is a non-participating, regular premium term plan that provides financial protection against death and Terminal Illness for a specific term.
# Benefits under the Plan:
[p.2]
## What do we pay for Death Benefit?
If the life assured is covered for this benefit and dies before the Cover Expiry Date, we pay the higher of:
(a) the Death Benefit as shown on your Certificate of Life Assurance; or
(b) the total premiums paid (excluding premiums for supplementary benefits).
However, if you made a successful Terminal Illness, Disability or critical illness claim previously, and your sum assured is now reduced, your premiums will be reduced accordingly. The Death Benefit we pay will be the higher of:
(a) the reduced sum assured; or
(b) the total premiums paid (excluding premiums for supplementary benefits).
The total premiums paid will be based on the reduced premium and calculated as if you have been paying this reduced premium amount from the inception of your policy.
## What is not covered for Death Benefit?
If the life assured dies directly or indirectly from an activity under Special Exclusion or Special Terms and Conditions shown on your Certificate of Life Assurance, we do not pay the Death Benefit but will refund the total premiums, without interest, received from you less expenses incurred by us on your policy.
If the life assured dies from suicide within 12 months from the Cover Start Date or date of reinstatement of your policy, we will cancel your policy and refund the total premiums, without interest, received from you less expenses incurred by us on your policy.
If the life assured dies from a Pre-existing Condition within 12 months from the Cover Start Date or date of reinstatement (if any) of your policy, we cancel your policy unless the level of severity was accurately declared in the proposal and specifically accepted by us. If we cancel the policy, we refund the total premiums received from you, without interest, less expenses incurred by us on your policy.
A "Pre-existing Condition" is the existence of any signs or symptoms for which treatment, medication, consultation, advice or diagnosis has been sought or received by the life assured or would have caused an ordinary prudent person to seek treatment, diagnosis or cure, prior to the Cover Start Date or date of reinstatement (if any) of this benefit.
## What happens after a death claim?
Your whole policy automatically terminates once a death claim is paid.
## What do we pay for Terminal Illness Benefit?
If the life assured is covered for this benefit and is diagnosed as having a Terminal Illness before the Cover Expiry Date, we pay the higher of:
(a) the Terminal Illness Benefit as shown on the Certificate of Life Assurance; or
(b) the total premiums paid (excluding premiums for supplementary benefits).
If you made a successful Disability or critical illness claim previously, and your sum assured is now reduced, your premiums will be reduced accordingly. The Terminal Illness benefit we pay will be the higher of:
(a) the reduced sum assured; or
(b) the total premiums paid (excluding premiums for supplementary benefits).
The total premiums paid will be based on the reduced premium and calculated as if you have been paying this reduced premium amount from the inception of your policy.
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."
The specialist medical practitioner treating the condition must provide supporting evidence of the condition, possible medical treatment, the prognosis after undergoing the possible medical treatment, and certify that the Life Assured is expected to live for no more than 12 months despite all possible medical intervention. We reserve the right to appoint an independent medical specialist who is an expert in the condition to confirm the diagnosis and prognosis.
Terminal Illness in the presence of HIV infection is excluded.
## What is not covered for Terminal Illness Benefit:
[p.3]
We do not pay in any of the following circumstances:
(a) if the life assured is already deceased at the time of the claim. We will pay the Death Benefit instead;
(b) the symptoms of the Terminal Illness existed at the Cover Start Date or date of reinstatement (if any) of this benefit; or
(c) the life assured is diagnosed as having a Terminal Illness caused by:
- self-inflicted injuries while sane or insane;
- Acquired Immunodeficiency Syndrome ("AIDS"), AIDS-related complex or infection by Human Immunodeficiency Virus ("HIV") except HIV Due to Blood Transfusion and Occupationally Acquired HIV as defined below; or
- the use of unprescribed drugs where such drugs are required by law to be prescribed by a Registered Medical Practitioner.
- an activity under Special Exclusion and/or Special Terms and Conditions shown on your Certificate of Life Assurance.
"HIV Due to Blood Transfusion and Occupationally Acquired HIV" refers to:
A) Infection with the Human Immunodeficiency Virus (HIV) through a blood transfusion, provided that all of the following conditions are met:
- the blood transfusion was medically necessary or given as part of a medical treatment;
- the blood transfusion was received in Singapore after the issue date, date of endorsement or date of reinstatement of this benefit, whichever is the later; and
- the source of the infection is established to be from the Institution that provided the blood transfusion and the Institution is able to trace the origin of the HIV tainted blood.
B) Infection with the Human Immunodeficiency Virus (HIV) which resulted from an accident occurring after the issue date, date of endorsement or date of reinstatement of this benefit, whichever is the later whilst the insured was carrying out the normal professional duties of his or her occupation in Singapore, provided that all of the following are proven to our satisfaction:
- Proof that the accident involved a definite source of the HIV infected fluids;
- Proof of sero-conversion from HIV negative to HIV positive occurring during the 180 days after the documented accident. This proof must include a negative HIV antibody test conducted within 5 days of the accident; and
- HIV infection resulting from any other means including sexual activity and the use of intravenous drugs is excluded.
This benefit is only payable when the occupation of the insured is a medical practitioner, housemen, medical student, state registered nurse, medical laboratory technician, dentist (surgeon and nurse) or paramedical worker, working in medical centre or clinic (in Singapore).
This benefit will not apply under either section A or B where a cure has become available prior to the infection. "Cure" means any treatment that renders the HIV inactive or non-infectious.
## What happens after a Terminal Illness claim?
Once we pay a Terminal Illness claim, the Terminal Illness Benefit terminates. In addition:
(a) If the sum assured of the Death Benefit is the same as the sum assured of the Terminal Illness Benefit, the policy and all its benefits including the Vital Cover Disability Benefit terminates.
(b) If the sum assured of the Death Benefit exceeds the sum assured of the Terminal Illness Benefit, the sum assured of the Death Benefit shall be reduced to an amount equal to the difference between the sum assured of the Death Benefit and the sum assured of the Terminal Illness Benefit. You can continue the policy for this Death Benefit and any other supplementary benefits (except those terminated under c), d), e) and f) of this Section) by paying the required premiums.
(c) If the sum assured of the Vital Cover Disability Benefit exceeds the sum assured of the Terminal Illness Benefit, the sum assured of the Vital Cover Disability Benefit shall be reduced to an amount equal to the difference between the sum assured of the Vital Cover Disability Benefit and the sum assured of the Terminal Illness Benefit. This is provided you continue to pay the required premiums for both the Death and Vital Cover Disability Benefits.
(d) If the sum assured of the Vital Cover Disability Benefit is less than or equal to the sum assured of the Terminal Illness Benefit, the Vital Cover Disability Benefit shall be terminated. In such a case, we will not pay for the Vital Cover Disability Benefit once we have paid the Terminal Illness Benefit.
(e) If the sum assured of the Vital Crisis Care Benefit exceeds the sum assured of the Terminal Illness Benefit, the sum assured of the Vital Crisis Care Benefit shall be reduced to an amount equal to the difference between the sum of the Vital Crisis Care Benefit and the sum assured of the Terminal Illness Benefit. This is provided you continue to pay the required premiums for both the Death and Vital Crisis Care Benefits.
(f) If the sum assured of the Vital Crisis Care Benefit is less than or equal to the sum assured of the Terminal Illness Benefit, the Vital Crisis Care Benefit shall be terminated. In such a case, we will not pay for the Vital Crisis Care Benefit once we have paid the Terminal Illness Benefit.
## What is the impact of early surrender?
As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely.
# Premiums:
[p.3]
Premiums are payable for the period of premium payment term and can be paid monthly, quarterly, half-yearly or yearly.
We guarantee that the premiums for your policy will remain unchanged throughout its premium term as long as you pay the premiums within 30 days of the date they are due.
PRUVital Cover is not a Medisave-approved policy and you may not use Medisave to pay the premium for this policy.
# Select additional benefits according to your need(s):
With additional premiums, you may add supplementary benefits to this insurance plan for extra protection.
All supplementary benefits are subject to product terms and conditions. Please consult a representative of either Prudential Singapore or a distributor duly appointed by Prudential Singapore for more information.
# Exclusions:
There are certain conditions under which no benefits will be payable. These are stated as exclusions in your policy document. You are advised to read your policy document for the full details of these exclusions.
# Termination:
The benefits under this policy terminate upon:
- the death of the life assured;
- payment of the benefits;
- the surrender of the policy;
- non-payment of premiums within 30 days of the date they are due; or
- the Cover Expiry Date of the policy as shown on your Certificate of Life Assurance,
whichever event occurs first.
# Note:
Life insurance is a contract of utmost good faith and a proposer is required to disclose in the proposal form fully and faithfully all the facts which he knows or ought to know, as otherwise the policy issued may be void.
The terms and conditions of your policy are contained in your policy document.
Buying a life insurance is a long-term commitment. This plan has no cash value. Buying health insurance products that are not suitable for you may impact your ability to finance your future healthcare needs.
# Free Look Period
[p.4]
After purchasing a life insurance policy, you have a 14-day free-look period - starting from the day you receive your policy documents to review the documents carefully. During this time, if you choose to cancel your policy, we will refund you the premiums you have paid (without interest), less any medical fees and other expenses, such as payments for medical check-ups and medical reports, incurred by us.
If we make your policy document and all other documents from us available electronically via PRUaccess, we consider they have been delivered and received when you receive the relevant SMS or email telling you that the documents are accessible on PRUaccess. Otherwise, we consider your policy and all other documents from us as delivered and received seven days from the date of posting to the last-known address you gave us.
If you decide this policy is not suitable for your needs, simply write to us within the 14-day free-look period.
Version 07/2025
---
### https://lifeinsurance.com.sg/api/product/prudential/pruwealth-plus-sgd/summary.md
# PRUWealth Plus
(SGD)
**Insurer:** Prudential Singapore (Prudential Assurance Company Singapore (Pte) Limited)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/199002477Z/PRUWealth%20Plus%20%28SGD%29%20Product%20Summary.pdf
## Source wording
- **Effective from:** (not stated in document)
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/199002477Z/PRUWealth%20Plus%20%28SGD%29%20Product%20Summary.pdf
- **PDF sha256:** `3187154857c3320f05367edd084de97b4d825f9d2d9ab06aae22f1c860687dcb`
- **Extraction confidence:** verified
## Extracted facts
### free look
```json
{
"period_days": 14,
"source_page": 13,
"refund_basis": "we will refund you the premiums you have paid (without interest), less any medical fees and other expenses, such as payments for medical check-ups and medical reports, incurred by us."
}
```
### exclusions
```json
[
{
"text": "There are certain conditions (such as death from suicide or Pre-existing Conditions within 12 months from Cover Start Date, or date of reinstatement (if any) under which no benefits will be payable. These are stated as exclusions in the policy document.",
"source_page": 13
},
{
"text": "\"Pre-existing Condition\" is the existence of any signs or symptoms for which treatment, medication, consultation, advice or diagnosis has been sought or received by the life assured or would have caused an ordinary prudent person to seek treatment, diagnosis or cure, prior to the Cover Start Date or date of reinstatement (if any) of this benefit.",
"source_page": 13
}
]
```
### mwpa trust
```json
{
"notes": "Not mentioned in the product summary text provided.",
"available": false
}
```
### cash values
```json
{
"has_cash_value": true,
"non_guaranteed_bonus": {
"text": "Non-guaranteed benefits are in the form of Reversionary Bonus and Performance Bonus. The bonuses are NOT guaranteed and will vary according to the future experience of the participating fund. The Reversionary Bonus rate is projected to be $8.50 per $1,000 Face Value and $19 per $1,000 on accumulated Reversionary Bonuses. The Performance Bonus is a one-off bonus which is a percentage of the accumulated Reversionary Bonuses, payable on surrender or maturity. Future bonuses which have yet to be allocated to the participating policyowner are not guaranteed and the insurer will decide the level of bonus to be declared each year as approved by the Board of Directors, taking into account the written recommendation by the Appointed Actuary. There is no Reversionary Bonus declared yet as this 8th Series plan was launched in 2023.",
"available": true,
"bonus_types": [
"reversionary",
"other"
],
"source_page": 5,
"par_fund_name": "Regular Premium Life Sub-fund (RPLF) of Prudential Singapore's participating fund"
},
"guaranteed_surrender_value": {
"basis": "The guaranteed surrender value plus non-guaranteed surrender value will be payable upon surrender of your policy. For single premium payment term, an immediate surrender value is provided. For other premium payment terms, a surrender value is available after 36 months from the first premium due date as long as premiums have been paid for 36 months.",
"available": true,
"source_page": 4
}
}
```
### policy loan
```json
{
"available": true,
"source_page": 4,
"interest_basis": "non-guaranteed loan interest rate; interest accrues on a daily basis; Prudential Singapore will give three months' written notice of any change in interest rate"
}
```
### grace period
```json
{
"source_page": 14
}
```
### product type
```json
"endowment"
```
### policy basics
```json
{
"minimum_entry_age": {
"basis": "as-stated",
"years": 0,
"source_page": 2
},
"maximum_coverage_age": {
"basis": "as-stated",
"years": 130,
"source_page": 1
},
"maximum_policy_term_years": "whole-of-life to age 130 maturity",
"minimum_policy_term_years": "whole-of-life to age 130 maturity; no explicit minimum policy term stated"
}
```
### premium terms
```json
{
"cpf_eligible": {
"srs": true,
"notes": "PRUWealth Plus (SGD) is not a Medisave-approved policy and you may not use Medisave to pay the premium for this policy. SRS funds are permitted; policies paid using SRS funds are subject to the terms and conditions of the Supplementary Retirement Scheme. Change of Life Assured Benefit and Appointment of Secondary Life Assured are not applicable to policies paid using SRS funds. Surgical & Nursing Loan is not applicable to policies paid using SRS funds.",
"source_page": 13,
"special_account": false,
"ordinary_account": false
},
"payment_modes": [
"single",
"annual",
"semi-annual",
"quarterly",
"monthly"
],
"premium_term_options": [
{
"label": "Single Premium",
"description": "single premium",
"source_page": 1
},
{
"label": "5-pay",
"description": "5 years",
"source_page": 1
},
{
"label": "10-pay",
"description": "10 years",
"source_page": 1
},
{
"label": "15-pay",
"description": "15 years",
"source_page": 1
},
{
"label": "20-pay",
"description": "20 years",
"source_page": 1
}
],
"premium_review_clause": {
"text": "The premium rate for the basic plan is guaranteed.",
"reviewable": false,
"source_page": 13
}
}
```
### non forfeiture
```json
{
"paid_up": {
"text": "If the policy has a surrender value, the policyowner can use the surrender value to convert the policy to paid-up, which is when the policy has a revised face value with no further premiums due. Note: Automatic Premium Loan and paid-up option are not applicable to single premium policies.",
"available": true
},
"source_page": 4,
"extended_term": {
"text": "Not mentioned in the product summary.",
"available": false
},
"automatic_premium_loan": {
"text": "Automatic Premium Loan is available. Please note that taking these loans will reduce the long term value of the policy. For automatic premium loan and policy loan, a non-guaranteed loan interest will be charged. Note: Automatic Premium Loan and paid-up option are not applicable to single premium policies.",
"available": true
}
}
```
### suicide clause
```json
{
"source_page": 13,
"payout_within_period": "There are certain conditions (such as death from suicide or Pre-existing Conditions within 12 months from Cover Start Date, or date of reinstatement (if any) under which no benefits will be payable.",
"exclusion_period_months": 12
}
```
### document metadata
```json
{
"wording_version": "Version 07/2025",
"product_full_name": "PRUWealth Plus (SGD)",
"insurer_legal_entity": "Prudential Assurance Company Singapore (Pte) Limited",
"document_published_date": "07/2025"
}
```
---
*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.*
---
### https://lifeinsurance.com.sg/api/product/prudential/pruwealth-plus-sgd/wording.md
# PRODUCT SUMMARY: PRUWealth Plus (SGD)
[p.1]
This Product Summary and Policy Illustration are for illustrative purposes only and shall not constitute a contract. The following is a simplified description of the key product features. The exact terms can be found in the policy document. "Your Guide to Participating Policies", which contains generic but important information on how a participating plan typically works and how bonuses are determined in general, is available on our website, www.prudential.com.sg. Alternatively, you may approach a representative of either Prudential Singapore or a distributor duly appointed by Prudential Singapore for a copy of the guide.
## Details of Plan Provider:
Prudential Assurance Company Singapore (Pte) Limited ("Prudential Singapore"), 30 Cecil Street, #30-01 Prudential Tower, Singapore 049712. Tel: 1800 - 333 0 333.
Prudential Singapore is responsible for the product features and contractual provisions and these will be explained to you by a representative of either Prudential Singapore or a distributor duly appointed by Prudential Singapore.
This policy and its Supplementary benefit(s) (if any) is/are 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 your insurer or visit the General Insurance Association (GIA) /Life Insurance Association (LIA) or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).
The Proposer acknowledges receipt of all the pages of the Product Summary for the Main plan and Supplementary benefits (where applicable). The contents have been explained to his/her satisfaction.
## Aggregation rule:
The aggregate premiums payable for selected plans* per life assured issued in the past 24 months cannot exceed S$15 million (or equivalent). The calculation is based on the total committed premiums of the product, excluding premiums for supplementary benefits (if any) (e.g. 10 x annual premium for a 10-year premium term product, or full single premium for a single premium product). US dollar denominated policies will be aggregated after applying an exchange rate of US$1 to S$1.40 on the premiums payable. We reserve the right to review/vary this rate.
*Please find the full list of selected plans at www.prudential.com.sg
## Nature and Objective of the Plan:
PRUWealth Plus (SGD) is a participating endowment insurance plan. It is a long term wealth accumulation plan which matures on the policy anniversary before the life assured turns 130 years old. This plan has fixed premium payment terms of single premium, 5 years, 10 years, 15 years or 20 years. It provides financial protection against death and accidental death. The policy also allows policyowner to participate in the performance of the participating fund in the form of bonuses that are not guaranteed.
This plan can be taken out on a single life assured for a maximum of two policyowners. Joint ownership will be on a joint tenancy basis. In a joint ownership policy, when one policyowner dies, the policy will continue with the surviving owner. If both policyowners die at the same time, ownership of the policy will vest in the estate of the younger of the two policyowners.
PRUWealth Plus (SGD) is an 8th series product. The series defines the premium rates and bonus features of the product.
## Benefits under the Plan:
### What is Face Value?
The Face Value is not the sum assured of your policy. The Face Value is a notional value used to determine the Reversionary Bonuses (non-guaranteed), and the Maturity Benefit.
### What do we pay for Death Benefit?
#### For Regular Premium (Premium Term of 5, 10, 15 or 20 years):
The Death Benefit will be the higher of:
i) 101% of the total premiums paid (but not premiums for supplementary benefits, if any), as at the time of death, less any bonuses surrendered, if any; or
ii) 101% of the surrender value,
less any amounts owing to us.
If the life assured dies because of an accident, we pay the higher of:
i) 105% of the total premiums paid (but not premiums for supplementary benefits, if any), as at the time of death, less any bonuses surrendered, if any; or
ii) 101% of the surrender value,
less any amounts owing to us.
The policy and all its benefits terminate once a Death Benefit claim is paid.
#### For Single Premium:
The Death Benefit will be the higher of:
i) 101% of the single premium paid, less any bonus surrendered (if any); or
ii) 101% of the surrender value,
less any amounts owing to us.
If the life assured dies because of an accident, we pay the higher of:
(i) 105% of the single premium paid, less any bonus surrendered (if any); or
(ii) 101% of the surrender value,
less any amounts you owe us.
The policy and all its benefits terminate once a Death Benefit claim is paid.
### What do we pay for Maturity Benefit?
[p.2]
On the maturity date we pay a maturity benefit in a lump sum. The maturity benefit is 187.62% to 871.57% of the Face Value plus all the bonuses* that we have added to the policy, less any amounts owing to us in connection with your policy.
* the bonuses are NOT guaranteed.
### How does the Disability Waiver Benefit work?
If life assured becomes totally and permanently disabled before age 70 or before the end of the premium payment term of the policy (whichever is earlier), we will waive the future premiums of your policy. Any premiums which were due and paid prior to the waiver start date will not be refunded.
This benefit is only applicable for regular premium policies.
We waive the premiums in the following circumstances if the life assured becomes totally and permanently disabled.
For a life assured whose age is from 28 days to 15 years old, we pay when the life assured is totally and permanently disabled as a result of which they have to stay in a home, hospital or other institution and need constant care and medical attention for at least six months in a row;
For a life assured whose age is from 16 to 65 years, we pay when the life assured is totally and permanently disabled as a result of which they:
- cannot take part in any occupation, business or activity which pays an income; or
- suffer total and permanent loss of use of:
- both eyes;
- any two limbs, each above the wrist or ankle but not just the hands and feet; or
- one eye and any one limb at or above the wrist or ankle but not just the hand or foot.
For a life assured whose age is from 66 years to before the cover end date of this benefit, we pay when the life assured is totally and permanently disabled as a result of which they:
- suffer total and permanent loss of use of:
- both eyes;
- any two limbs each above the wrist or ankle but not just the hands and feet; or
- one eye and any one limb at or above the wrist or ankle but not just the hand or foot, or
- are unable to perform (whether with help or without help) at least three of the following six Activities of Daily Living for at least six months in a row.
#### Activities of Daily Living:
- Washing - the ability to wash in the bath or shower (including getting into and out of the bath or shower) or wash satisfactorily by other means;
- Dressing - the ability to put on, take off, secure and unfasten all garments and, as appropriate, any braces, artificial limbs or other surgical appliances;
- Feeding - the ability to feed oneself once food has been prepared and made available
- Toileting - the ability to use the lavatory or otherwise manage bowel and bladder functions so as to maintain a satisfactory level of personal hygiene;
- Mobility - the ability to move indoors from room to room on level surfaces;
- Transferring - the ability to move from a bed to an upright chair or wheelchair and vice versa.
The above is the definition of totally and permanently disabled.
The disability must be confirmed by a registered medical practitioner. We can ask for a medical examination to be carried out by a medical practitioner registered with the Singapore Medical Council if we decide the medical reports you give us are not enough for our purposes.
### How does the Premium Defer Benefit work?
If the surrender value under your policy is at least 100% of two years' current instalment premiums, you can choose to postpone paying the premiums for up to two years or until the end of the premium payment term, whichever is shorter.
This benefit is only applicable for regular premium policies.
We give you an interest-free policy loan to pay for your premiums for two years or until the end of the premium payment term, whichever is shorter. This interest-free loan will not affect your surrender value. At the end of the premium deferment period, you must repay the policy loan amount given to you. If the policy loan is not paid, interest will be charged.
We charge a yearly interest rate on the loan amount starting from the end of the premium deferment period. This interest rate may vary and accrues on a daily basis. On each policy anniversary of your policy, we add the previous year's interest to the loan amount and charge interest on the total until the loan is repaid. We can change the interest rate but will give you three months' written notice if we do so.
The loan amount and interest will be amounts you owe us. You can repay the loan at any time. We deduct the loan amount and interest from any payment we make under your policy. If there is a claim or your policy ends during the premium deferment period, we deduct the loan amount from any payment we make under your policy.
If the total amount you owe us under your policy is more than the surrender value, your policy will end immediately.
If you already have a policy loan or automatic premium loan under your policy, that will continue to incur interest and will affect the surrender value.
This benefit can only be used once for each policy. To apply, you must use our appropriate application form and meet the conditions on it. We will let you know if we accept your application.
[p.3]
### How does the Family Waiver Benefit work?
When an immediate family of the life assured dies before the end of the premium payment term of the policy, we waive the premiums of your policy and its supplementary benefits, for up to a period of one year.
This benefit is only applicable for regular premium policies.
The immediate family of the life assured includes the spouse or legal children. Legal children refer to the biological, stepchildren or adopted children of the life assured, including any future child or children that the life assured may have after the cover start date of the policy.
This benefit will only be activated on a claim with the life assured showing proof of the immediate family relationship.
We will waive 12 months of premiums from the next premium due date following the date of death of the immediate family of the life assured. If the end of the premium payment term is less than 12 months away from the date of death of the life assured's immediate family, we will waive the premiums from the next premium due date up to the end of the premium term only. Any premiums which were due and paid prior to the waiver start date will not be refunded. This benefit will cease when all the premiums have been paid. You can claim this benefit only once for each policy.
We can review the supplementary benefits covered by the Family Waiver benefit. An advance notification will be provided before any changes to the coverage.
### How does the Retrenchment Benefit work?
If you* are retrenched during the premium payment term for regular premium policy or during the first 5 policy years for single premium policy, and before the policy anniversary immediately before you turn 65 years old and remain unemployed for at least 30 continuous days from the date of retrenchment, we will pay one of the following:
- 10% of the single premium, as at the date of retrenchment, if you are on a single premium plan; or
- 50% of the annualised premium, as at the date of retrenchment, if you are on a regular premium plan.
The annualised premium is equal to one full year of premiums based on your chosen payment frequency of the basic plan and any attaching supplementary benefit.
The retrenchment benefit payment amount is subject to a maximum of S$100,000 for each policyowner, across all policies owned by them, that have a retrenchment benefit.
We pay this benefit once only during the premium payment term and in one lump sum. The benefit ends once the Retrenchment Benefit claim is paid.
*you – refers to the policyowner who pays the premium of the policy.
This benefit does not apply to policies bought and owned by corporations.
To apply for the Retrenchment Benefit, you must apply within 6 months from the date of retrenchment, use our appropriate application form and meet the conditions on it. We will let you know if we accept your application.
We will only pay if:
- the retrenchment occurs after 90 days from the cover start date or date of reinstatement (if any) of the policy, whichever is later.
- you are working in Singapore and the company you were working for is registered in Singapore
- you are a Singapore citizen, Singapore permanent resident or a foreigner holding a valid employment pass issued by the Ministry of Manpower of Singapore.
We do not pay in any of the following circumstances:
- you are aware of the retrenchment before the cover start date of the policy;
- you are a part-timer, freelancer, or an independent contractor, self-employed or sole proprietor at the date of retrenchment;
- you are retrenched from full-time employment which you have not worked for at least 6 continuous months immediately before the retrenchment;
- when the policy is converted to paid-up;
- your unemployment is a result of:
- your retirement;
- your resignation;
- your termination or suspension due to willful or deliberate misconduct or unlawful behaviour;
- the end of your employment contract;
- your leave of absence whether paid or unpaid;
- your military discharge;
- your voluntary forfeiture of income; or
- your poor performance.
If the policy has joint owners, this benefit will apply to both owners, but can only be paid once.
If the policy is assigned to a corporation or an individual, this benefit will end. If the policy is owned by an individual policyowner (meaning, not a corporation) and is reassigned back to the original individual policyowner, we will reinstate the retrenchment benefit, provided all the above conditions are still applicable.
The retrenchment benefit in this case will be effective from the date we accept the assignment based on the assignment form received. As such, we will only pay if the retrenchment occurs after 90 days from the effective date of this reassignment, and subject to all the above conditions.
Retrenchment means the termination of full-time employment, not by choice, and is certified as unemployed by the current employer.
The retrenchment may be due to employer restructuring, reorganising, relocating, outsourcing or liquidating of the business.
Please refer to the policy document for the exact terms and conditions of this benefit.
[p.4]
### How does the Change of Life Assured Benefit work?
For regular premium policy, you can choose to change the life assured to another life assured only after the premium payment term of the policy. For single premium policy, you can only choose to change the life assured after 2 years from the cover start date of the policy.
This benefit is not applicable to policies paid using SRS funds.
Once the change of life assured is activated:
- you will receive a revised certificate of life assurance with the new life assured's particulars
- the cover for the original life assured ends and the cover for the new life assured starts on the new cover start date as shown in the revised certificate of life assurance. All rights under the original life assured ends with immediate effect
- the cover end date of the policy will remain unchanged. This is the policy anniversary before age 130 years of the original life assured
- all supplementary benefits (if any) will end
This change is allowed only if:
- you show satisfactory proof that you or the business organisation (where it applies) has insurable interest on the new life assured in line with the laws and regulations that apply; and
- the new life assured meets our underwriting requirements.
To apply, you must use our appropriate application form and meet the conditions on it. We will let you know if we accept your application.
### How does the Appointment of Secondary Life Assured (Optional) work?
A secondary life assured may be appointed during the term of the policy.
This benefit is not applicable to policies paid using SRS funds
The appointment/change/removal of the secondary life assured may be done during the term of the policy and while the original policyowner(s) are still alive. A secondary life assured can be appointed as long as there is insurable interest between the new secondary life assured and the original policyowner(s).
A secondary life assured cannot be appointed if there is a nomination of beneficiary or trust.
#### Death Benefit and Maturity Benefit when Secondary Life Assured has been appointed
We define the life assured for the policy at the start of the policy as the "primary life assured".
If a secondary life assured has been appointed, upon the death of the primary life assured, the secondary life assured will become the new primary life assured. When this happens, the policy continues:
- until the original maturity date of the policy; and we will pay the maturity benefit on the maturity date
- but any supplementary benefit* attached will be terminated. Supplementary benefits may be added to the policy after the secondary life assured has been accepted by us as the new primary life assured.
*This includes any supplementary benefit that waives premiums. If the premium waiver benefit has been activated, upon the death of the primary life assured, this benefit terminates. When the secondary life assured takes over as the new primary life assured, premiums must continue to be paid.
Note: Adding of supplementary benefit is not applicable to single premium policy.
Please refer to the policy documents for more details on whom can be appointed as a secondary life assured.
### What is Surrender Benefit?
The guaranteed surrender value plus non-guaranteed surrender value will be payable upon surrender of your policy.
For PRUWealth Plus (SGD) policy of a single premium payment term, we give you an immediate surrender value.
For the rest of the premium payment terms, we give you a surrender value after 36 months from your first premium due date as long as you have paid premiums for 36 months.
### What is the impact of early surrender?
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. Please refer to the Table of Deductions in the Policy Illustration for more information and to understand the loss or low returns on surrendering the plan early.
### What are the other features available under PRUWealth Plus (SGD)?
- If the policy has a surrender value, the policyowner can apply to surrender part or all of the Reversionary Bonus that we have added to the policy for a cash value. Please note that this will reduce the long term value of the policy.
- Automatic Premium Loan, Policy Loan and Surgical & Nursing Loan are available. Please note that taking these loans will reduce the long term value of the policy. For automatic premium loan and policy loan, a non-guaranteed loan interest will be charged.
- If the policy has a surrender value, the policyowner can use the surrender value to convert the policy to paid-up, which is when the policy has a revised face value with no further premiums due.
Note: Automatic Premium Loan and paid-up option are not applicable to single premium policies. Surgical & Nursing Loan is not applicable to policies paid using SRS funds.
Please refer to the policy document for the exact terms and conditions of these additional features.
[p.5]
## Bonuses:
### What type of bonuses?
The benefits under this plan are made up of guaranteed and non-guaranteed benefits. The guaranteed benefits, including bonuses which have already been allocated to the participating policy owners, will be paid regardless of the performance of the participating fund. Non-guaranteed benefits are in the form of Reversionary Bonus and Performance Bonus. The bonuses are NOT guaranteed and will vary according to the future experience of the participating fund. The bonus rates in this section are based on the illustrated Investment Return of the Participating Fund at 4.25% per annum. Please note that the actual bonuses that may be declared in the future may turn out to be higher or lower than illustrated in this section.
In comparison, at an illustrated Investment Rate of Return of 3.00% per annum, the non-guaranteed benefits are expected to be adjusted downwards depending on the future outlook of the Participating Fund.
Please refer to the policy illustration for the non-guaranteed benefits amount at the illustrated Investment Rate of Return of 3.00% per annum and 4.25% per annum 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.
### Reversionary Bonus:
This is an annual bonus that we add to the policy benefits from the start of the calendar year after the policy's second anniversary. Once declared, it will form part of the guaranteed benefits of the plan.
The Reversionary Bonus rate is projected to be $8.50 per $1,000 Face Value and $19 per $1,000 on accumulated Reversionary Bonuses.
[p.6]
### Performance Bonus:
This is a one-off bonus which is a percentage of the accumulated Reversionary Bonuses. It may be paid when the policyowner surrenders the policy, or when the policy matures. The amount will vary depending on the Termination Date.
The illustrated Performance Bonus rates as a percentage of the accumulated Reversionary Bonuses are as below:
| No. of completed years in force | Performance Bonus as a percentage of accumulated reversionary bonus |
|---|---|
| 1 | 0.00% |
| 2 | 0.00% |
| 3 | 24.00% to 25.80% |
| 4 | 25.60% to 37.00% |
| 5 | 27.10% to 50.20% |
| 6 | 28.70% to 59.30% |
| 7 | 30.30% to 70.50% |
| 8 | 31.80% to 81.70% |
| 9 | 33.40% to 92.80% |
| 10 | 42.80% to 104.00% |
| 11 | 59.60% to 105.50% |
| 12 | 61.70% to 106.90% |
| 13 | 63.80% to 108.40% |
| 14 | 65.90% to 109.80% |
| 15 | 68.00% to 111.30% |
| 16 | 70.10% to 147.10% |
| 17 | 72.20% to 182.90% |
| 18 | 74.20% to 218.70% |
| 19 | 76.30% to 254.50% |
| 20 | 78.40% to 290.30% |
| 21 | 84.90% to 295.50% |
| 22 | 91.10% to 300.80% |
| 23 | 96.90% to 306.10% |
| 24 | 102.40% to 311.30% |
| 25 | 107.70% to 316.60% |
| 26 | 113.60% to 321.90% |
| 27 | 119.40% to 327.10% |
| 28 | 125.30% to 332.40% |
| 29 | 131.20% to 337.70% |
| 30 | 137.00% to 343.00% |
| 31 | 143.80% to 349.10% |
| 32 | 150.60% to 355.30% |
| 33 | 157.40% to 361.40% |
| 34 | 164.10% to 367.60% |
| 35 | 170.90% to 373.70% |
| 36 | 177.70% to 379.90% |
| 37 | 184.50% to 386.00% |
| 38 | 191.30% to 392.20% |
| 39 | 198.00% to 398.30% |
| 40 | 204.80% to 404.50% |
[p.7]
| 41 | 211.00% to 412.50% |
|---|---|
| 42 | 217.20% to 420.50% |
| 43 | 223.40% to 428.00% |
| 44 | 229.70% to 435.70% |
| 45 | 235.90% to 443.70% |
| 46 | 242.10% to 451.80% |
| 47 | 248.30% to 460.10% |
| 48 | 254.50% to 468.60% |
| 49 | 260.70% to 477.30% |
| 50 | 266.90% to 486.10% |
| 51 | 275.50% to 494.70% |
| 52 | 284.10% to 504.50% |
| 53 | 292.70% to 514.40% |
| 54 | 301.30% to 524.40% |
| 55 | 310.00% to 534.30% |
| 56 | 318.60% to 544.30% |
| 57 | 327.20% to 554.20% |
| 58 | 335.80% to 564.70% |
| 59 | 344.40% to 575.00% |
| 60 | 353.00% to 585.70% |
| 61 | 361.80% to 599.30% |
| 62 | 370.50% to 614.40% |
| 63 | 379.30% to 629.50% |
| 64 | 388.10% to 644.70% |
| 65 | 396.80% to 659.80% |
| 66 | 405.60% to 675.00% |
| 67 | 414.30% to 690.10% |
| 68 | 423.10% to 705.30% |
| 69 | 431.90% to 720.40% |
| 70 | 440.60% to 735.60% |
| 71 | 453.20% to 755.50% |
| 72 | 465.70% to 775.50% |
| 73 | 478.30% to 795.40% |
| 74 | 490.80% to 815.30% |
| 75 | 503.30% to 835.30% |
| 76 | 515.90% to 855.20% |
| 77 | 528.40% to 875.20% |
| 78 | 541.00% to 895.10% |
| 79 | 553.50% to 915.10% |
| 80 | 566.00% to 935.00% |
| 81 | 577.70% to 965.10% |
| 82 | 589.30% to 995.20% |
| 83 | 601.00% to 1025.30% |
| 84 | 612.70% to 1055.40% |
| 85 | 623.80% to 1085.50% |
| 86 | 635.40% to 1115.60% |
| 87 | 647.00% to 1145.70% |
[p.8]
| 88 | 658.80% to 1175.80% |
|---|---|
| 89 | 670.90% to 1205.90% |
| 90 | 683.60% to 1236.00% |
| 91 | 696.30% to 1266.00% |
| 92 | 711.10% to 1295.00% |
| 93 | 725.80% to 1325.00% |
| 94 | 739.60% to 1355.00% |
| 95 | 754.30% to 1384.00% |
| 96 | 770.20% to 1410.00% |
| 97 | 786.00% to 1436.50% |
| 98 | 801.80% to 1464.00% |
| 99 | 817.60% to 1492.00% |
| 100 | 834.50% to 1522.00% |
| 101 | 851.40% to 1583.00% |
| 102 | 868.30% to 1615.00% |
| 103 | 886.20% to 1648.00% |
| 104 | 904.10% to 1681.00% |
| 105 | 922.10% to 1715.00% |
| 106 | 941.10% to 1750.00% |
| 107 | 959.00% to 1785.00% |
| 108 | 979.00% to 1821.00% |
| 109 | 998.00% to 1858.00% |
| 110 | 1019.10% to 1895.00% |
| 111 | 1040.70% to 1932.70% |
| 112 | 1062.70% to 1971.20% |
| 113 | 1085.10% to 2010.50% |
| 114 | 1108.10% to 2050.50% |
| 115 | 1131.50% to 2091.40% |
| 116 | 1155.40% to 2133.00% |
| 117 | 1179.90% to 2175.50% |
| 118 | 1204.80% to 2218.80% |
| 119 | 1230.30% to 2263.00% |
| 120 | 1256.30% to 2308.00% |
| 121 | 1282.80% to 2354.00% |
| 122 | 1310.00% to 2400.90% |
| 123 | 1337.70% to 2448.70% |
| 124 | 1365.90% to 2497.50% |
| 125 | 1394.80% to 2547.20% |
| 126 | 1424.30% to 2597.90% |
| 127 | 1454.40% to 2649.70% |
| 128 | 1485.20% to 2702.40% |
| 129 | 1516.60% to 2756.20% |
Future bonuses which have yet to be allocated to the participating policyowner are not guaranteed and the insurer will decide the level of bonus to be declared each year as approved by the Board of Directors, taking into account the written recommendation by the Appointed Actuary.
[p.9]
## How are the assets invested and managed?
Prudential Singapore's participating fund consists of both single and regular premium policies segregated into a few subfunds. Each sub fund's investments are managed separately to match its liability characteristics. Regular premium policies are written in the Regular Premium Life Sub-fund ("RPLF"). In the document below, the term "fund" will be referring to RPLF unless stated otherwise.
### Investment Objective
The investment objective is to maximise the long-term returns of the fund through investments consistent with policyowners' reasonable expectations, while meeting internal and regulatory solvency requirements. To achieve this, we set a Strategic Asset Allocation ("SAA") for the fund.
### Investment Mix
| Asset Type | Strategic Asset Allocation | Asset Allocation as at 31 Dec 2024 |
|---|---|---|
| Bonds | 50.0% | 52.7% |
| Equities | 29.5% | 35.4% |
| Property | 10.0% | 7.1% |
| Other Assets¹ | 10.5% | 4.7% |
| Total Assets | 100.0% | 100.0% |
¹ Other assets include alternative assets, cash and policy loans
The Asset Allocation percentages shown in the table have been rounded to the nearest 0.1%, and hence may not sum to exactly 100%.
SAA is the fund's long-term neutral asset allocation to meet the investment objective of the fund as set out above. Fund managers are allowed to deviate from the SAA, but within a mandated limit to take views on the current market conditions.
### Investment Rate of Return
For the RPLF, the past investment rates of return (after deducting investment expenses only) are shown in the table below.
| | 2022 | 2023 | 2024 | Average of last 3 years | Average of last 5 years | Average of last 10 years |
|---|---|---|---|---|---|---|
| Investment Returns | -13.42% | 7.24% | 8.26% | 0.17% | 2.23% | 3.95% |
Please note that past performance is not necessarily indicative of future performance.
### Total Expense Ratio
The Total Expense Ratio is the proportion of total expenses incurred by the Participating Fund to the total 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 | Average of last 3 years | Average of last 5 years | Average of last 10 years |
|---|---|---|---|---|---|---|
| Total Expense Ratio | 2.65% | 2.03% | 1.64% | 2.08% | 2.27% | 2.53% |
Please note that past expense ratios may not be indicative of actual expenses that may be incurred in the future.
[p.10]
### Fund Manager
All investment related to this fund is carried out through Eastspring Investments (Singapore) Limited ("Eastspring Singapore"). Eastspring Singapore may also engage other Prudential plc related companies as sub-fund managers.
Eastspring Singapore address: Eastspring Investments (Singapore) Limited, 10 Marina Boulevard #32-01 Marina Bay Financial Centre Tower 2 Singapore 018983.
## What are the risks that affect the bonuses that you will be getting?
The level of bonuses depends on the actual experience of key factors affecting the performance of the fund. In determining the level of bonuses, we also considered the future outlook of these key factors. These key factors are:
- Investment performance and future investment outlook of the fund;
- Claims experience, with respect to death ("mortality") and Terminal Illness("TI") experience of the fund;
- Discontinuance ("surrender") experience of the fund;
- Level of expenses incurred by or allocated to the fund
There may be other factors that could affect the bonus levels, for example, changes in taxation and legislation.
## How are the risks shared?
Your policy is exposed to investment, mortality, lapse and expense risks, which are shared within the RPLF, i.e. with other regular premium plans.
In determining the level of bonuses that can be supported, the assets available to back the plan will be derived by accumulating the premiums paid at the actual rate of investment return less the cost of insurance, expenses incurred, commissions paid, taxes and other costs that may be incurred in managing the fund.
[p.11]
## How are bonuses smoothed over time?
As investment performance fluctuates over time, bonuses are smoothed to ensure stable medium to long term returns on your policy. As a result, some of the investment returns in good years may not be distributed immediately so as to boost returns in years where the investment return is low. However, the effect of smoothing is intended to be neutral over time.
### Reversionary Bonus
Prudential Singapore's bonus distribution policy is to keep the Reversionary Bonus at a level that is expected to be sustainable over the long term. Thus, while the Reversionary Bonus is usually reviewed annually, it is not expected to fluctuate from year to year. Nevertheless, it may be adjusted up or down under exceptional circumstances.
There is no Reversionary Bonus declared yet as this 8th Series plan was launched in 2023. Past performance is not necessarily indicative of future performance.
### Performance Bonus
The Performance Bonus is reviewed at least annually. In exceptional circumstances, the review may be more frequent. The Performance Bonus is more likely to change from year to year but Prudential Singapore's policy is to limit the yearly variation so that, under normal circumstances, the payout will not be subject to large fluctuations over the short term.
There is no Performance Bonus declared yet as this 8th Series plan was launched in 2023. Past performance is not necessarily indicative of future performance.
[p.12]
## What are the fees and charges imposed on this plan?
This plan shares in the experience of the fund. This means that any expenses incurred by the fund can be charged to the policy according to the risk-sharing rules described earlier.
Examples of such expenses include:
- Investment fees paid to fund managers for providing management services
- Mortality (death), Terminal Illness, lapse and surrender claims
- Marketing and other distribution-related costs
- Administration fees incurred in underwriting of new business
- Management and Overhead Expenses
- Commission fees paid to Prudential Financial Consultants or intermediaries
All expenses, including commissions, are shared and charged to the fund (assets backing the policy) according to the risk-sharing rules described earlier.
Please refer to the Total Distribution Cost Table in the Policy Illustration for more information.
Please note that the charges described in this section will not be in the form of explicit fees or charges to you; it has already been allowed for in calculating your premium.
## How will I be updated on the performance of my plan?
An Annual Bonus Update will be sent to you annually. This document aims to keep you informed of the performance of the fund, its future outlook, the bonuses allocated to your policy for that year and any changes in future bonuses. Whenever there is a change in the bonus rates, you will also receive an update from Prudential Singapore. You may expect to receive the Annual Bonus Update after April each year.
Please contact your representative of either Prudential Singapore or a distributor duly appointed by Prudential Singapore at any time if you wish to receive an updated full policy illustration showing the illustrations of future bonuses based on Prudential Singapore's best estimate of the future performance of the participating fund.
### Conflict of Interest:
Potential conflicts of interest arise in the allocation of expenses between the participating and other insurance funds. Over-allocation of expenses to the participating fund is detrimental to policyowners of participating policies. As such, Prudential Singapore strives to achieve a fair allocation substantiated by regular expense investigations.
### Related Party Transactions:
The fund manager managing the entire assets of the fund is a related party to Prudential Singapore. The size of RPLF under management by Eastspring Singapore is S$36,849 million as at 31 Dec 2024.
The Investment Committee ("IC") of Prudential Singapore has oversight responsibility for the activities of the fund managers to ensure that the transactions are carried out at arm's length. It is responsible for setting the mandates for day-to-day fund operation. The Asset & Liability Management Committee ("ALCO") of Prudential Singapore is responsible for setting the SAA and monitoring asset and liability matching.
The IC will also periodically review the investment fees charged by the fund managers, and advise Prudential Singapore accordingly. The Board of Directors ("Board") appoints the membership of the IC and ALCO. The Board will be responsible for reviewing and approving the IC and ALCO Constitution or Terms of Reference.
[p.13]
## Premiums:
The premium rate for the basic plan is guaranteed. For Regular Premium policy, premiums are payable for the period of premium payment term and can be paid monthly, quarterly, half-yearly or yearly.
PRUWealth Plus (SGD) is not a Medisave-approved policy and you may not use Medisave to pay the premium for this policy.
## Select additional benefits according to your need(s):
With additional premiums, you may add supplementary benefits to this insurance plan for extra protection.
Adding of supplementary benefits is not applicable to single premium policy.
All supplementary benefits are subject to product terms and conditions. Please consult a representative of either Prudential Singapore or a distributor duly appointed by Prudential Singapore for more information.
## Exclusions:
There are certain conditions (such as death from suicide or Pre-existing Conditions within 12 months from Cover Start Date, or date of reinstatement (if any) under which no benefits will be payable. These are stated as exclusions in the policy document.
You are advised to read your policy document for the full details of these exclusions.
"Pre-existing Condition" is the existence of any signs or symptoms for which treatment, medication, consultation, advice or diagnosis has been sought or received by the life assured or would have caused an ordinary prudent person to seek treatment, diagnosis or cure, prior to the Cover Start Date or date of reinstatement (if any) of this benefit.
## Supplementary Retirement Scheme (SRS)
If you bought your policy using your SRS funds, your policy is subject to the terms and conditions of the Supplementary Retirement Scheme which shall overrule these terms and conditions in the event of any conflict or inconsistency.
All payments made will be according to the terms and conditions of the Supplementary Retirement Scheme.
## Note:
Life Insurance is a contract of utmost good faith and a proposer is required to disclose in proposal form fully and faithfully all the facts, which he knows or ought to know, as otherwise the policy issued may be void.
The terms and conditions of your policy are contained in your policy document.
## Free Look Period:
After purchasing a life insurance policy, you have a 14-day free-look period - starting from the day you receive your policy documents to review the documents carefully. During this time, if you choose to cancel your policy, we will refund you the premiums you have paid (without interest), less any medical fees and other expenses, such as payments for medical check-ups and medical reports, incurred by us.
If we make your policy document and all other documents from us available electronically via PRUaccess, we consider they have been delivered and received when you receive the relevant SMS or email telling you that the documents are accessible on PRUaccess. Otherwise, we consider your policy and all other documents from us as delivered and received seven days from the date of posting to the last-known address you gave us.
If you decide this policy is not suitable for your needs, simply write to us within the 14-day free-look period.
[p.14]
Version 07/2025
[p.15]
---
### https://lifeinsurance.com.sg/api/product/singlife/direct-singlife-term-life/summary.md
# DIRECT -
Singlife Term Life
**Insurer:** Singlife (Singapore Life Ltd.)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/196900499K/DIRECTSinglifeTermLife_PS_NCI_Dec25.pdf
## Source wording
- **Effective from:** (not stated in document)
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/196900499K/DIRECTSinglifeTermLife_PS_NCI_Dec25.pdf
- **PDF sha256:** `a853ce69330f0462d92ce77de0697053a73a512b0a4de8149aae2a804fb4a948`
- **Extraction confidence:** verified
## Extracted facts
### claims
```json
{
"source_page": 3,
"direct_settlement": true,
"documents_required": [
"completed claim form",
"proof of the life assured's date of birth",
"medical report and/or diagnosis from a registered medical practitioner acceptable to us",
"original death certificate (when making a claim for death benefit)",
"proof that the claimant is entitled to payment under your policy",
"any other document we consider necessary to support the claim"
]
}
```
### free look
```json
{
"period_days": 14,
"source_page": 3,
"refund_basis": "As long you have not made any claim under your policy, we will cancel your policy from its cover start date and refund the premiums paid, without interest and less any expenses incurred in considering your application and issuing your policy."
}
```
### exclusions
```json
[
{
"text": "We will not pay the death benefit if: the life assured commits suicide as stated in section 8.1. Suicide; or your policy ends.",
"source_page": 1
},
{
"text": "We will not pay the terminal illness benefit for terminal illness in the presence of human immunodeficiency virus (HIV) infection.",
"source_page": 1
},
{
"text": "We will not pay the total and permanent disability benefit if your claim is directly or indirectly, wholly or partly caused by or arising from or contributed to by: deliberate acts such as self-inflicted illness or injury, while sane or insane; attempted suicide; injuries sustained during travel on any type of aircraft except as a fare-paying passenger or a crew member of an international airline operating on a regularly-scheduled passenger flight of a licensed commercial aircraft; or any pre-existing condition.",
"source_page": 1
}
]
```
### cash values
```json
{
"has_cash_value": false,
"guaranteed_surrender_value": {
"basis": "As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely.",
"available": false,
"source_page": 4
}
}
```
### policy loan
```json
{
"available": false
}
```
### grace period
```json
{
"days": 30,
"source_page": 2
}
```
### product type
```json
"term-life"
```
### policy basics
```json
{
"maximum_entry_age": {
"basis": "age-next-birthday",
"years": 65,
"source_page": 4
},
"minimum_entry_age": {
"basis": "age-next-birthday",
"years": 19,
"source_page": 4
},
"maximum_coverage_age": {
"basis": "as-stated",
"years": 80,
"source_page": 3
},
"maximum_policy_term_years": "term to age 65",
"minimum_policy_term_years": 5
}
```
### premium terms
```json
{
"cpf_eligible": {
"srs": false,
"special_account": false,
"ordinary_account": false
},
"payment_modes": [
"annual",
"semi-annual",
"quarterly",
"monthly"
],
"premium_term_options": [
{
"label": "5 years renewable term",
"description": "5 years renewable term",
"source_page": 1
},
{
"label": "20 years term",
"description": "20 years term",
"source_page": 1
},
{
"label": "term to age 65",
"description": "term to age 65",
"source_page": 1
}
],
"premium_review_clause": {
"text": "Premiums for this plan (basic benefits) are level and guaranteed during the premium payment term.",
"reviewable": false,
"source_page": 1
}
}
```
### non forfeiture
```json
{
"paid_up": {
"text": "This plan has no cash value.",
"available": false
},
"source_page": 1,
"extended_term": {
"text": "This plan has no cash value.",
"available": false
},
"automatic_premium_loan": {
"text": "This plan has no cash value.",
"available": false
}
}
```
### suicide clause
```json
{
"source_page": 3,
"payout_within_period": "If the life assured commits suicide (while sane or insane) within one year from the policy issue date or the last reinstatement date of your policy, whichever is later, we will void your policy on the date immediately before the date of death. As long as you have not made any claim under your policy, we will refund premiums paid for the basic benefits, without interest and less any amount you owe us, from the policy issue date or the last reinstatement date of your policy, whichever is later.",
"exclusion_period_months": 12
}
```
### document metadata
```json
{
"product_full_name": "DIRECT - Singlife Term Life",
"insurer_legal_entity": "Singapore Life Ltd.",
"product_summary_pdf_url": "https://singlife.com/en/make-a-claim/"
}
```
### terminal illness benefit
```json
{
"available": true,
"source_page": 5,
"acceleration_percent": 100,
"qualifying_definition": "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 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.*
---
### https://lifeinsurance.com.sg/api/product/singlife/direct-singlife-term-life/wording.md
# DIRECT - Singlife Term Life
## Product Summary
[p.1]
This insurance policy is underwritten by Singapore Life Ltd. E&O.E
5 Straits View, #01-18/19, Marina One The Heart, Singapore 018935 Tel: (65) 6827 9933 www.singlife.com
Company Reg. No.: 196900499K GST Reg No.: MR-8500166-8
### 1. What is this product about?
This is a regular payment, non-participating term life insurance protection plan for a chosen period of time which provides you with basic benefits, comprising death benefit, terminal illness benefit, and total and permanent disability benefit.
The objective of this plan is to help meet your protection needs and to provide you with insurance coverage for a chosen period of time. This plan has no cash value.
Words in bold have the specific meanings given to them under section 9. Definitions.
### Product at a glance
- Choose the amount of insurance cover (i.e. sum assured) that meets your protection needs.
- Select one of the three policy terms:
- 5 years renewable term;
- 20 years term; or
- term to age 65.
- Choose to pay either monthly, quarterly, half-yearly or yearly.
- Premiums for this plan (basic benefits) are level and guaranteed during the premium payment term.
- Benefits are paid if, during the chosen policy term, the life assured:
- suffers from terminal illness;
- suffers from total and permanent disability; or
- dies.
- Add on supplementary benefit(s) to your insurance cover for extra peace of mind.
### 2. What benefits does this plan offer?
This plan offers you insurance coverage.
#### 2.1. Insurance coverage (basic benefits)
This plan provides you with basic benefits such as the death benefit, terminal illness benefit, and total and permanent disability benefit.
| Benefits | What we pay | What we do not pay |
|----------|-------------|-------------------|
| Death benefit | If the life assured dies during the chosen policy term, we will pay the sum assured as the death benefit in one lump sum. If we have paid part of the death benefit in a previous claim, only the balance will be payable. All other benefits end automatically on the date the life assured dies. | We will not pay the death benefit if: • the life assured commits suicide as stated in section 8.1. Suicide; or • your policy ends. |
| Terminal illness benefit | If the life assured suffers from terminal illness during the chosen policy term, we will pay the sum assured for the terminal illness benefit in one lump sum, as an early payout of the death benefit. If we have paid part of the death benefit in a previous claim, only the balance will be payable for terminal illness benefit. All other benefits end automatically when we make this payment in full. | We will not pay the terminal illness benefit for terminal illness in the presence of human immunodeficiency virus (HIV) infection. |
| Total and permanent disability benefit | If the life assured suffers from total and permanent disability during the chosen policy term and before the policy anniversary in which the life assured is age 65, we will pay the sum assured for the total and permanent disability benefit, as an early payout of the death benefit. If we have paid part of the death benefit in a previous claim, only the balance will be payable for total and permanent disability benefit. All other benefits end automatically when we make this payment in full. Note: If the total sum assured for the total and permanent disability benefit under your policy and any other policy issued by us for the same life assured is more than S$2,000,000, we will: • waive the premiums payable for the basic benefits of this policy from the policy anniversary immediately following our admission of your claim for total and permanent disability; and • pay the total sum assured in three payments as follows: - S$2,000,000 upon admission of your claim; and - the remainder in two equal instalments. The first instalment will be paid one year after the date on which the S$2,000,000 was paid. The second instalment will be paid two years after the date on which the S$2,000,000 was paid. | We will not pay the total and permanent disability benefit if your claim is directly or indirectly, wholly or partly caused by or arising from or contributed to by: • deliberate acts such as self-inflicted illness or injury, while sane or insane; • attempted suicide; • injuries sustained during travel on any type of aircraft except as a fare-paying passenger or a crew member of an international airline operating on a regularly-scheduled passenger flight of a licensed commercial aircraft; or • any pre-existing condition. |
[p.2]
### 3. What premium payment terms and policy terms does this plan offer?
The premiums are payable throughout the policy term. You can choose from the following policy terms available:
a. 5 years renewable term;
b. 20 years term; or
c. term to age 65.
### 4. Who can buy this plan?
The minimum and maximum entry ages of the life assured for this plan are:
| Policy terms | Entry age (age next birthday) | |
|---|---|---|
| | Minimum | Maximum |
| 5 years renewable term | 19 | 65 |
| 20 years term | 19 | 65 |
| term to age 65 | 19 | 60 |
This plan is only offered on a single-life basis.
### 5. What premium payment methods does this plan offer?
You can choose to pay your premiums either monthly, quarterly, half-yearly or yearly by the following methods:
- for the first premium: cash, cheque or credit card (Visa or Mastercard).
- for renewal premiums: interbank GIRO, cash, cheque, AXS or credit card (Visa or Mastercard).
This policy is available in SGD currency only.
Except for the first premium, you must pay the premiums within 30 days (the "Grace Period") from the premium due date. We may end your policy if you do not pay the premiums on time.
### 6. When does your policy end?
Your policy ends when:
- the life assured dies;
- we cancel your policy at your request;
- we pay the death benefit or the early payout of death benefit under your policy in full;
- we void your policy because of incorrect or incomplete information given to us;
[p.3]
- your policy lapses due to non-payment of premiums within 30 days from the premium due date;
- your policy becomes void under section 8.1. Suicide;
- you cancel your policy under section 7.1. Cancel your policy (free look cancellation); or
- the cover of your policy ends,
whichever is earliest.
Unless you cancel your policy under section 7.1, we will not refund any premium paid if you write to us to end your policy. Your policy will end from the premium due date immediately following the date we accept your written request to end your policy.
All benefits (including supplementary benefit) automatically end on the date your policy ends.
### 7. What can you do with your policy?
#### 7.1. Cancel your policy (free look cancellation)
You have 14 days from the time you receive your policy to decide whether you want to continue with it. If you do not want to continue, you may write to us to cancel your policy. As long you have not made any claim under your policy, we will cancel your policy from its cover start date and refund the premiums paid, without interest and less any expenses incurred in considering your application and issuing your policy.
If your policy was sent to you by post, we will consider it delivered seven days after posting. If your policy was sent to you electronically, we will consider it delivered seven days after the date it was sent.
#### 7.2. Make a claim
The claimant must notify us and give us the following documents at our registered office:
- the completed claim form;
- proof of the life assured's date of birth;
- the medical report and/or diagnosis from a registered medical practitioner acceptable to us. The medical report and/or diagnosis must be supported by clinical, radiological, histological and laboratory proof at the claimant's expense;
- the original death certificate (when making a claim for death benefit);
- proof that the claimant is entitled to payment under your policy; and
- any other document we consider necessary to support the claim.
Notice and proof must be given to us, as soon as reasonably possible, after the diagnosis or any event giving rise to a claim.
We will pay the benefits after we receive satisfactory proof and admit the claim. Before we pay any benefit, we will first deduct from the benefits payable the remaining premiums due for that policy year and any amount you owe us (including any interest at a rate determined by us).
Any benefits payable under the policy are made to you, your legal representative, the hospital 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 visit https://singlife.com/en/make-a-claim/ for the claim procedures.
### 8. What do you need to note?
#### 8.1. Suicide
If the life assured commits suicide (while sane or insane) within one year from the policy issue date or the last reinstatement date of your policy, whichever is later, we will void your policy on the date immediately before the date of death.
As long as you have not made any claim under your policy, we will refund premiums paid for the basic benefits, without interest and less any amount you owe us, from the policy issue date or the last reinstatement date of your policy, whichever is later.
#### 8.2. Renewal of your policy
If you are holding a 5-year renewable policy, we will renew your policy automatically from the cover end date, without proof of insurability, for the same policy term.
We will not renew your policy if:
- the life assured is above age 80; or
- any claim has been admitted under your policy.
We will work out the renewal premium based on the policy term, sum assured and the life assured's age at the date your policy is renewed.
#### 8.3. The Contract
This product summary provides you with an overview of the plan. The policy contract provides the full terms and conditions of the plan.
#### 8.4. Exclusions: What your policy does not cover
a. Benefits of this plan are not payable under certain conditions. These conditions are stated as "exclusions" in the policy contract. The categories of exclusions that are common to all life insurers relate to:
- Suicide within one year (for death benefit)
- Self-inflicted injury (for total and permanent disability benefit)
- A waiting period (for critical illness benefit, if applicable)
- Pre-existing medical conditions (for critical illness benefit, if applicable)
b. In addition to the above common categories of exclusions, life insurers may impose other exclusions.
c. For the exclusions of this plan, please refer to section 2.1. Insurance coverage (basic benefits).
d. The definitions of the exclusions are stated in the policy contract. Please refer to the policy contract.
#### 8.5. 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)
- Direct purchase product fact sheet and checklist
- 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"
[p.4]
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.
#### 8.6. 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. As Direct Purchase Insurances are sold without financial advice, you should make sure you have carefully assessed your insurance needs as well as whether you can afford the premiums for the duration of the policy. If you are unsure if Direct Purchase Insurance is suitable for you, you may wish to seek advice from a Financial Adviser Representative who may be able to advise you on a suitable product.
As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely.
#### 8.7. 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 websites (www.lia.org.sg or www.sdic.org.sg).
#### 8.8. Details of the Insurer
This plan is underwritten by Singapore Life Ltd. Website: www.singlife.com.
### 9. Definitions
**Age** means the life assured's age on next birthday.
**Pre-existing condition** means any condition or illness which existed or was existing or the cause or symptoms of which existed or were existing or evident, or any condition or illness which the life assured suffered or was suffering from, prior to the:
- policy issue date;
- cover start date of this policy; or
- last reinstatement date of this policy,
whichever is latest, unless the condition or illness had been declared and accepted by us.
**Registered medical practitioner** means a doctor with a recognised degree in western medicine who is legally licensed to practise in the country in which he practises but should not be you, the life assured or your or the life assured's relative, sibling, spouse, child or parent.
**Specialist** means a qualified and licensed registered medical practitioner, possessing the necessary additional qualifications and expertise to practise as a recognised specialist of diagnostic techniques, treatment and prevention, in a particular field of medicine like psychiatry, neurology, pediatrics, endocrinology, obstetrics, gynaecology, dermatology etc.
**Sum assured** means the amount payable under your policy when a claim for basic benefits and/or supplementary benefit(s) is admitted.
**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 HIV infection is excluded.
[p.5]
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.
#### 8.6. 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. As Direct Purchase Insurances are sold without financial advice, you should make sure you have carefully assessed your insurance needs as well as whether you can afford the premiums for the duration of the policy. If you are unsure if Direct Purchase Insurance is suitable for you, you may wish to seek advice from a Financial Adviser Representative who may be able to advise you on a suitable product.
As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely.
#### 8.7. 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 websites (www.lia.org.sg or www.sdic.org.sg).
#### 8.8. Details of the Insurer
This plan is underwritten by Singapore Life Ltd. Website: www.singlife.com.
### 9. Definitions
**Age** means the life assured's age on next birthday.
**Pre-existing condition** means any condition or illness which existed or was existing or the cause or symptoms of which existed or were existing or evident, or any condition or illness which the life assured suffered or was suffering from, prior to the:
- policy issue date;
- cover start date of this policy; or
- last reinstatement date of this policy,
whichever is latest, unless the condition or illness had been declared and accepted by us.
**Registered medical practitioner** means a doctor with a recognised degree in western medicine who is legally licensed to practise in the country in which he practises but should not be you, the life assured or your or the life assured's relative, sibling, spouse, child or parent.
**Specialist** means a qualified and licensed registered medical practitioner, possessing the necessary additional qualifications and expertise to practise as a recognised specialist of diagnostic techniques, treatment and prevention, in a particular field of medicine like psychiatry, neurology, pediatrics, endocrinology, obstetrics, gynaecology, dermatology etc.
**Sum assured** means the amount payable under your policy when a claim for basic benefits and/or supplementary benefit(s) is admitted.
**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 HIV infection is excluded.
**Total and permanent disability** means any of the two situations:
a. The life assured, due to accident or sickness, is disabled to such an extent as to be rendered totally unable to engage in any occupation, business or activity for income, remuneration or profit; and the disability must continue uninterrupted for at least 6 consecutive months from the time when disability started; and the disability must, in the view of a medical examiner appointed by us, be deemed permanent with no possibility of improvement in the foreseeable future.
b. The life assured, due to accident or sickness, suffers total and irrecoverable loss of use of:
- the entire sight in both eyes; or
- any two limbs at or above the wrist or ankle; or
- the entire sight in one eye and any one limb at or above the wrist or ankle.
**We, us, our** means Singapore Life Ltd.
**You, your** means the policyholder.
[p.6]
**Total and permanent disability** means any of the two situations:
a. The life assured, due to accident or sickness, is disabled to such an extent as to be rendered totally unable to engage in any occupation, business or activity for income, remuneration or profit; and the disability must continue uninterrupted for at least 6 consecutive months from the time when disability started; and the disability must, in the view of a medical examiner appointed by us, be deemed permanent with no possibility of improvement in the foreseeable future.
b. The life assured, due to accident or sickness, suffers total and irrecoverable loss of use of:
- the entire sight in both eyes; or
- any two limbs at or above the wrist or ankle; or
- the entire sight in one eye and any one limb at or above the wrist or ankle.
**We, us, our** means Singapore Life Ltd.
**You, your** means the policyholder.
[p.7]
---
### https://lifeinsurance.com.sg/api/product/singlife/direct-singlife-whole-life/summary.md
# DIRECT -
Singlife Whole Life
**Insurer:** Singlife (Singapore Life Ltd.)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/196900499K/DirectSinglifeWholeLife_PS_NCI_Dec25.pdf
## Source wording
- **Effective from:** (not stated in document)
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/196900499K/DirectSinglifeWholeLife_PS_NCI_Dec25.pdf
- **PDF sha256:** `61f25e2b3377ed4c15a61d6fd050d9b529cf7b6cd4125368578a11390de328b0`
- **Extraction confidence:** verified
## Extracted facts
### claims
```json
{
"source_page": 9,
"direct_settlement": true,
"documents_required": [
"completed claim form",
"proof of the life assured's date of birth",
"medical report and/or diagnosis issued by a registered medical practitioner acceptable to us, supported by clinical, radiological, histological and laboratory proof at the claimant's expense",
"death certificate (when making a claim for death benefit)",
"proof that the claimant is entitled to payment under your policy",
"any other document we consider necessary to support the claim"
]
}
```
### free look
```json
{
"period_days": 14,
"source_page": 8,
"refund_basis": "we will cancel your policy and refund the premiums paid, without interest and less any expenses incurred in considering your application and issuing your policy."
}
```
### exclusions
```json
[
{
"text": "We will not pay the death benefit if the life assured commits suicide as stated in section 10.1. Suicide.",
"source_page": 2
},
{
"text": "We will not pay the terminal illness benefit for terminal illness in the presence of human immunodeficiency virus (HIV) infection.",
"source_page": 2
},
{
"text": "We will not pay the total and permanent disability benefit if your claim is directly or indirectly, wholly or partly caused by or arising from or contributed to by: deliberate acts such as self-inflicted illness or injury, while sane or insane; attempted suicide; injuries sustained during travel on any type of aircraft except as a fare-paying passenger or a crew member of an international airline operating on a regularly-scheduled passenger flight of a licensed commercial aircraft; or any pre-existing condition.",
"source_page": 2
}
]
```
### cash values
```json
{
"has_cash_value": true,
"non_guaranteed_bonus": {
"text": "The RB is determined annually by us and is a non-guaranteed annual bonus that we may add to your policy. The annual RB rate is illustrated at SGD7 per SGD1,000 of the sum assured. Once RB is declared and added to your policy, it shall form part of the guaranteed cash value of your policy and is illustrated to compound at SGD7 per SGD1,000 on the accumulated RB. The TB is determined by us and is a non-guaranteed bonus that we may pay you at the point of a payout arising from a claim for any of the benefits under your policy or a request to surrender your policy. All bonuses are not guaranteed and depend on the performance of our participating fund.",
"available": true,
"bonus_types": [
"reversionary",
"terminal"
],
"source_page": 3,
"par_fund_name": "Singapore Life Ltd. participating fund (Par sub-fund)"
},
"guaranteed_surrender_value": {
"basis": "Your policy will gain a cash value from the start of the 3rd policy year as long as the premiums are paid up-to-date. Please refer to the policy illustration for the illustrated cash surrender value.",
"available": true,
"source_page": 2
}
}
```
### policy loan
```json
{
"available": true,
"source_page": 9,
"interest_basis": "rates determined by us; the accumulated interest charged will be added as principal to the outstanding loan on each policy anniversary",
"max_percent_of_cash_value": 90
}
```
### grace period
```json
{
"days": 30,
"source_page": 7
}
```
### product type
```json
"whole-life"
```
### policy basics
```json
{
"maximum_entry_age": {
"basis": "age-next-birthday",
"years": 65,
"source_page": 7
},
"minimum_entry_age": {
"basis": "age-next-birthday",
"years": 19,
"source_page": 7
},
"maximum_coverage_age": "whole-of-life"
}
```
### premium terms
```json
{
"cpf_eligible": {
"srs": false,
"notes": "This policy is available in SGD currency only. No CPF eligibility stated.",
"source_page": 7,
"special_account": false,
"ordinary_account": false
},
"payment_modes": [
"annual",
"semi-annual",
"quarterly",
"monthly"
],
"premium_term_options": [
{
"label": "Pay till age 70",
"description": "Pay regular premium till age 70",
"source_page": 7
},
{
"label": "Pay till age 85",
"description": "Pay regular premium till age 85",
"source_page": 7
}
],
"premium_review_clause": {
"text": "Premium for this plan (basic benefits) is level and guaranteed during the chosen premium payment term.",
"reviewable": false,
"source_page": 1
}
}
```
### non forfeiture
```json
{
"paid_up": {
"text": "Not explicitly described in product summary.",
"available": false
},
"source_page": 8,
"extended_term": {
"text": "Not explicitly described in product summary.",
"available": false
},
"automatic_premium_loan": {
"text": "your policy lapses due to non-payment of premiums within 30 days from the date they become due (and when your policy does not have sufficient cash value for us to advance a loan to keep your policy in force)",
"available": true
}
}
```
### suicide clause
```json
{
"source_page": 10,
"payout_within_period": "If the life assured commits suicide (while sane or insane) within one year from the policy issue date or the last reinstatement date of your policy (whichever is later), your policy is void on the date immediately before the date of death. We will refund premiums paid for the basic benefits, without interest and less any amount you owe us, from the policy issue date or the last reinstatement date of your policy (whichever is later).",
"exclusion_period_months": 12
}
```
### document metadata
```json
{
"product_full_name": "DIRECT – Singlife Whole Life",
"insurer_legal_entity": "Singapore Life Ltd.",
"product_summary_pdf_url": "https://singlife.com/en/make-a-claim/"
}
```
### terminal illness benefit
```json
{
"available": true,
"source_page": 12,
"acceleration_percent": 100,
"qualifying_definition": "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 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.*
---
### https://lifeinsurance.com.sg/api/product/singlife/direct-singlife-whole-life/wording.md
# DIRECT – Singlife Whole Life
## Product Summary
[p.1]
This insurance policy is underwritten by Singapore Life Ltd. E&O.E
5 Straits View, #01-18/19, Marina One The Heart, Singapore 018935 Tel: (65) 6827 9933 www.singlife.com
Company Reg. No.: 196900499K GST Reg No.: MR-8500166-8
---
## 1. What is this product about?
This is a regular payment, participating whole life insurance protection plan which provides you with basic benefits, comprising death benefit and terminal illness benefit for whole of life, and total and permanent disability benefit for a period up to age 65 of the life assured.
This plan allows you to participate in the performance of our participating fund in the form of non-guaranteed bonuses.
The objective of this plan is to help meet your protection needs and to provide you with insurance coverage for whole life, while accumulating cash value.
Words in bold have the specific meanings given to them under section 11. Definitions.
### Product at a glance
- Choose the amount of insurance cover (i.e. sum assured) that meets your protection needs and enjoy coverage for life.
- Choose to pay your regular premium till age 70 or age 85.
- Choose to pay either monthly, quarterly, half-yearly or yearly.
- Premium for this plan (basic benefits) is level and guaranteed during the chosen premium payment term.
- Benefits are paid in a lump sum if, during the coverage period, the life assured:
- suffers from terminal illness;
- suffers from total and permanent disability; or
- dies.
- Benefit from the accumulation of guaranteed cash value and the non-guaranteed reversionary bonus and terminal bonus.
- Add on supplementary benefits to your insurance cover for extra peace of mind.
## 2. What benefits does this plan offer?
This plan offers you insurance coverage and a surrender benefit.
### 2.1. Insurance coverage (basic benefits)
This plan provides you with basic benefits such as the death benefit, terminal illness benefit, and total and permanent disability benefit.
| Benefits | What we pay | What we do not pay |
|----------|-------------|-------------------|
| Death benefit | If the life assured dies, we will pay the death benefit in one lump sum. The death benefit is made up of:
• the sum assured;
• any accumulated reversionary bonus; and
• any terminal bonus.
If we have paid part of the death benefit in a previous claim, only the balance will be payable.
All other benefits end automatically on the date the life assured dies. | We will not pay the death benefit if the life assured commits suicide as stated in section 10.1. Suicide. |
| Terminal illness benefit | If the life assured suffers from terminal illness, we will pay the terminal illness benefit as an early payout of the death benefit in one lump sum.
If we have paid part of the death benefit in a previous claim, only the balance will be payable for terminal illness benefit.
All other benefits end automatically when we make this payment in full. | We will not pay the terminal illness benefit for terminal illness in the presence of human immunodeficiency virus (HIV) infection. |
| Total and permanent disability benefit | If the life assured suffers from total and permanent disability before the policy anniversary in which the life assured is age 65, we will pay the total and permanent disability benefit as an early payout of the death benefit in one lump sum.
If we have paid part of the death benefit in a previous claim, only the balance will be payable for total and permanent disability benefit.
All other benefits end automatically when we make this payment in full.
Note:
If the total sum assured for the total and permanent disability benefit under your policy and any other policy issued by us for the same life assured is more than S$2,000,000, we will:
(i) waive the premiums for total and permanent disability benefit from the policy anniversary immediately following our admission of your claim for total and permanent disability; and | We will not pay the total and permanent disability benefit if your claim is directly or indirectly, wholly or partly caused by or arising from or contributed to by:
• deliberate acts such as self-inflicted illness or injury, while sane or insane;
• attempted suicide;
• injuries sustained during travel on any type of aircraft except as a fare-paying passenger or a crew member of an international airline operating on a regularly-scheduled passenger flight of a licensed commercial aircraft; or
• any pre-existing condition. |
[p.2]
| | (ii) pay the total sum assured in three payments as follows:
• S$2,000,000 upon admission of your claim; and
• the remainder in two equal instalments. The first instalment will be paid one year after the date on which the S$2,000,000 was paid. The second instalment will be paid two years after the date on which the S$2,000,000 was paid. | |
### 2.2. Surrender benefit
Your policy will gain a cash value from the start of the 3rd policy year as long as the premiums are paid up-to-date. Please refer to the policy illustration for the illustrated cash surrender value you may get if you surrender the policy early. Please refer to section 9.2. Surrender your policy of this product summary for more details.
## 3. Non-guaranteed bonuses
You can benefit from the non-guaranteed bonuses on your policy as we distribute a share of our participating fund profit to you in the form of reversionary bonus and terminal bonus.
### Reversionary bonus (RB)
The RB is determined annually by us and is a non-guaranteed annual bonus that we may add to your policy.
The annual RB rate# is illustrated at SGD7 per SGD1,000 of the sum assured. Once RB is declared and added to your policy, it shall form part of the guaranteed cash value of your policy and is illustrated to compound at SGD7 per SGD1,000 on the accumulated RB.
You may wish to note:
- RB is declared annually and added to your policy on the following policy anniversary.
- Where applicable, you may choose to either fully or partially withdraw the accumulated RB and we will pay you the surrender value of the RB. The minimum amount for a withdrawal is SGD1,000 (in multiples of SGD10) or the balance available.
### Terminal bonus (TB)
The TB is determined by us and is a non-guaranteed bonus that we may pay you at the point of a payout arising from:
- a claim for any of the benefits under your policy; or
- a request to surrender your policy.
The TB rate on death and surrender# (as a % of accumulated reversionary bonus) is illustrated in Appendix A.
#The RB indicated above and TB indicated in Appendix A are based on an illustrated investment rate of return of 4.25% per annum (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.
[p.3]
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 plan 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. Details on Investment of Assets of the Participating ('Par') 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 Plan
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 & 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.
[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 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, and investment costs;
- 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;
- 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 investments 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 participating 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 deduction for expenses, tax, the cost of providing benefits and 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.
[p.6]
### Past 3 Years Bonus Rates
#### Reversionary Bonus (RB)
| Declared for Year / in Year | 2024/2025 | 2023/2024 | 2022/2023 |
|---|---|---|---|
| Per 1,000 of 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.
### 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, 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
You will be updated on the performance of your 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. What premium payment terms does this plan offer?
You can choose from the following premium payment terms available:
a. Pay regular premium till age 70
b. Pay regular premium till age 85
## 6. Who can buy this plan?
The minimum and maximum entry ages of the life assured for this plan are:
| Premium payment term | Entry age (age next birthday) | |
|---|---|---|
| | Minimum | Maximum |
| Pay till age 70 | 19 | 60 |
| Pay till age 85 | 19 | 65 |
This plan is only offered on a single-life basis.
## 7. What premium payment methods does this plan offer?
You can choose to pay your premiums either monthly, quarterly, half-yearly or yearly by the following methods:
- for the first premium: cash, cheque or credit card (Visa or Mastercard).
- for renewal premiums: interbank GIRO, cash, cheque or AXS.
This policy is available in SGD currency only.
Except for the first premium, you must pay the premiums within 30 days (the "Grace Period") from the premium due date. We may end your policy if you do not pay the premiums on time.
## 8. When your policy ends?
Your policy ends when:
- the life assured dies;
- we cancel your policy at your request;
- we pay the death benefit or the early payout of death benefit under your policy in full;
- we void your policy on account of incorrect or incomplete information provided to us;
- your policy lapses due to non-payment of premiums within 30 days from the date they become due (and when your policy does not have sufficient cash value for us to advance a loan to keep your policy in force);
- the total amount you owe us becomes more than the cash value in your policy;
- your policy becomes void under section 10.1. Suicide;
- you cancel your policy under section 9.1. Cancel your policy (free look cancellation); or
- we accept your application to surrender your policy under section 9.2. Surrender your policy,
whichever is earliest.
Unless you cancel your policy under section 9.1, we will not refund any premium paid if you write to us to end your policy. Your policy will end from the premium due date immediately following the date we accept your written request to end your policy.
All benefits (including supplementary benefits) automatically end on the date your policy ends.
## 9. What can you do with your policy?
### 9.1. Cancel your policy (free look cancellation)
You have 14 days from the time you receive your policy to decide whether you want to continue with it. If you do not want to continue, you may write to us to cancel your policy. As long you have not made any claim under your policy, we will cancel your policy and refund the premiums paid, without interest and less any expenses incurred in considering your application and issuing your policy.
If your policy was sent to you by post, we will consider it delivered seven days after posting. If your policy was sent to you electronically, we will consider it delivered seven days after sending or when you download your policy electronically.
[p.8]
### 9.2. Surrender your policy
Your policy will gain a cash value from the start of the 3rd policy year as long as the premiums are paid up-to-date.
While your policy is in force, you may either apply to fully surrender your policy for its cash value, or partially surrender your policy by reducing the sum assured of the basic benefits (depending on the minimum sum assured of the policy) and withdrawing the cash value partially, provided you meet our terms, conditions and guidelines applicable at the time of your application.
Upon full surrender, your policy will end and you will not be entitled to any benefit under your policy.
Please refer to the policy illustration for the illustrated cash surrender value you may get if you surrender the policy early.
### 9.3. Request for a policy loan
a. While your policy is in force, you may apply for a loan from your policy provided you meet our terms, conditions and guidelines applicable at the time of your application and the following conditions:
- the total sum of the loans and any amount you owe us must not exceed 90% of the cash value of your policy; and
- the interest charges on the loan will be based on the rates determined by us. The accumulated interest charged will be added as principal to the outstanding loan on each policy anniversary.
b. If we approve your application for a loan, we will have a first charge on your policy which will have priority against all other claims.
c. If at any time the total amount you owe us becomes more than the cash value, your policy will automatically end.
### 9.4. Make a claim
The claimant must notify us and give us the following documents at our registered office to prove the claim:
- the completed claim form;
- proof of the life assured's date of birth;
- the medical report and/or diagnosis issued by a registered medical practitioner acceptable to us. The medical report and/or diagnosis must be supported by clinical, radiological, histological and laboratory proof at the claimant's expense;
- the death certificate (when making a claim for death benefit);
- proof that the claimant is entitled to payment under your policy; and
- any other document we consider necessary to support the claim.
Notice and proof must be given to us, as soon as reasonably possible, after the diagnosis or any event giving rise to a claim.
We will pay the benefits when we admit the claims after receiving satisfactory proof. Before we pay any benefit, we will first deduct from the benefits payable the remaining premiums due for that policy year and any amount you owe us (including any interest at a rate determined by us).
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 visit https://singlife.com/en/make-a-claim/ for the claim procedures.
## 10. What do you need to note?
### 10.1. Suicide
If the life assured commits suicide (while sane or insane) within one year from the policy issue date or the last reinstatement date of your policy (whichever is later), your policy is void on the date immediately before the date of death. We will refund premiums paid for the basic benefits, without interest and less any amount you owe us, from the policy issue date or the last reinstatement date of your policy (whichever is later).
### 10.2. The Contract
This product summary provides you with an overview of the plan. The policy contract provides the full terms and conditions of the plan.
### 10.3. Exclusions: What your policy does not cover
a. Benefits of this plan are not payable under certain conditions. These conditions are stated as "exclusions" in the policy contract. The categories of exclusions that are common to all life insurers relate to:
- Suicide within one year (for death benefit)
- Self-inflicted injury (for total and permanent disability benefit)
- A waiting period (for critical illness benefit, if applicable)
- Pre-existing medical conditions (for critical Illness benefit, if applicable)
b. In addition to the above common categories of exclusions, life insurers may impose other exclusions.
c. For the exclusions of this plan, please refer to section 2.1. Insurance coverage (basic benefits).
d. The definitions of the exclusions are stated in the policy contract. Please refer to the policy contract.
[p.10]
### 10.4. 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)
- Direct purchase product fact sheet and checklist
- 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.
### 10.5. 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.
As Direct Purchase Insurances are sold without financial advice, you should make sure you have carefully assessed your insurance needs as well as whether you can afford the premiums for the duration of the policy. If you are unsure if Direct Purchase Insurance is suitable for you, you may wish to seek advice from a Financial Adviser Representative who may be able to advise you on a suitable product.
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.
### 10.6. 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 websites (www.lia.org.sg or www.sdic.org.sg).
### 10.7. Details of the Insurer
This plan is underwritten by Singapore Life Ltd. Website: www.singlife.com.
## 11. Definitions
**Age** means the life assured's age on next birthday.
**Pre-existing condition** means any condition or illness which existed or was existing or the cause or symptoms of which existed or were existing or evident, or any condition or illness which the life assured suffered or was suffering from, prior to the:
- policy issue date;
- cover start date of this policy; or
- last reinstatement date of this policy,
whichever is latest, unless the condition or illness had been declared and accepted by us.
**Registered medical practitioner** means a doctor with a recognised degree in western medicine who is legally licensed to practise in the country in which he practises but should not be you, the life assured or your or the life assured's relative, sibling, spouse, child or parent.
**Reversionary bonus** means the non-guaranteed amounts that may be declared annually as decided by us (depending on our divisible surplus) and as defined in section 3. Non-guaranteed bonuses.
**Specialist** means a qualified and licensed registered medical practitioner, possessing the necessary additional qualifications and expertise to practise as a recognised specialist of diagnostic techniques, treatment and prevention, in a particular field of medicine like psychiatry, neurology, pediatrics, endocrinology, obstetrics, gynaecology, dermatology etc.
**Sum assured** means the amount payable under your policy when a claim for basic benefits and/or supplementary benefits is admitted.
**Terminal bonus** means the non-guaranteed amounts that may be payable as decided by us and as defined in section 3. Non-guaranteed bonuses.
**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 HIV infection is excluded.
**Total and permanent disability** means any of the two situations:
a. The life assured, due to accident or sickness, is disabled to such an extent as to be rendered totally unable to engage in any occupation, business or activity for income, remuneration or profit; and the disability must continue uninterrupted for at least 6 consecutive months from the time when disability started; and the disability must, in the view of a medical examiner appointed by us, be deemed permanent with no possibility of improvement in the foreseeable future.
b. The life assured, due to accident or sickness, suffers total and irrecoverable loss of use of:
- the entire sight in both eyes; or
- any two limbs at or above the wrist or ankle; or
- the entire sight in one eye and any one limb at or above the wrist or ankle.
**We, us and our** means Singapore Life Ltd.
**You and your** means the policyholder.
[p.12]
---
# Appendix A
[p.13]
## Terminal bonus rate table at the illustrated investment rate of return of 4.25% p.a. (death benefit)
### Premium payment term: Pay till 70 age next birthday
| Entry age (age next birthday) | Policy year | | | | | | |
|---|---|---|---|---|---|---|---|
| | 1 to 10 | 11 to 20 | 21 to 30 | 31 to 40 | 41 to 50 | 51 to 60 | >60 |
| 19 to 20 | 0% to 28% | 28% to 36% | 36% to 50% | 51% to 71% | 72% to 100% | 102% to 141% | 143% to 262% |
| 21 to 30 | 0% to 31% | 29% to 41% | 37% to 60% | 53% to 91% | 76% to 138% | 108% to 204% | 152% to 289% |
| 31 to 40 | 0% to 32% | 32% to 45% | 43% to 72% | 64% to 118% | 97% to 191% | 147% to 293% | 219% to 293% |
| 41 to 50 | 0% to 33% | 33% to 52% | 48% to 95% | 77% to 174% | 128% to 297% | 209% to 297% | 293% to 297% |
| 51 to 60 | 0% to 35% | 35% to 67% | 57% to 147% | 104% to 297% | 194% to 297% | 297% | 297% |
## Terminal bonus rate table at the illustrated investment rate of return of 4.25% p.a. (death benefit)
### Premium payment term: Pay till 85 age next birthday
| Entry age (age next birthday) | Policy year | | | | | | |
|---|---|---|---|---|---|---|---|
| | 1 to 10 | 11 to 20 | 21 to 30 | 31 to 40 | 41 to 50 | 51 to 60 | >60 |
| 19 to 20 | 0% to 18% | 19% to 28% | 29% to 46% | 47% to 72% | 74% to 110% | 112% to 162% | 163% to 318% |
| 21 to 30 | 0% to 20% | 19% to 33% | 30% to 57% | 49% to 96% | 78% to 154% | 118% to 238% | 175% to 346% |
| 31 to 40 | 0% to 22% | 21% to 40% | 35% to 76% | 62% to 139% | 104% to 238% | 167% to 377% | 260% to 371% |
| 41 to 50 | 0% to 26% | 24% to 54% | 44% to 117% | 84% to 233% | 153% to 417% | 264% to 417% | 380% to 417% |
| 51 to 60 | 0% to 32% | 28% to 83% | 61% to 212% | 132% to 458% | 266% to 458% | 422% to 458% | 422% to 455% |
| 61 to 65 | 0% to 35% | 35% to 108% | 97% to 311% | 249% to 461% | 458% to 461% | 458% to 461% | |
## Terminal bonus rate table at the illustrated investment rate of return of 4.25% p.a. (surrender benefit)
### Premium payment term: Pay till 70 age next birthday
| Entry age (age next birthday) | Policy year | | | | | | |
|---|---|---|---|---|---|---|---|
| | 1 to 10 | 11 to 20 | 21 to 30 | 31 to 40 | 41 to 50 | 51 to 60 | >60 |
| 19 to 20 | 0% to 23% | 23% to 31% | 31% to 45% | 46% to 66% | 67% to 95% | 97% to 136% | 138% to 257% |
| 21 to 30 | 0% to 26% | 24% to 36% | 32% to 55% | 48% to 86% | 71% to 133% | 103% to 199% | 147% to 284% |
| 31 to 40 | 0% to 27% | 27% to 40% | 38% to 67% | 59% to 113% | 92% to 186% | 142% to 288% | 214% to 288% |
| 41 to 50 | 0% to 28% | 28% to 47% | 43% to 90% | 72% to 169% | 123% to 292% | 204% to 292% | 288% to 292% |
| 51 to 60 | 0% to 30% | 30% to 62% | 52% to 142% | 99% to 292% | 189% to 292% | 292% | 292% |
[p.13-14]
## Terminal bonus rate table at the illustrated investment rate of return of 4.25% p.a. (surrender benefit)
### Premium payment term: Pay till 85 age next birthday
| Entry age (age next birthday) | Policy year | | | | | | |
|---|---|---|---|---|---|---|---|
| | 1 to 10 | 11 to 20 | 21 to 30 | 31 to 40 | 41 to 50 | 51 to 60 | >60 |
| 19 to 20 | 0% to 13% | 14% to 23% | 24% to 41% | 42% to 67% | 69% to 105% | 107% to 157% | 158% to 313% |
| 21 to 30 | 0% to 15% | 14% to 28% | 25% to 52% | 44% to 91% | 73% to 149% | 113% to 233% | 170% to 341% |
| 31 to 40 | 0% to 17% | 16% to 35% | 30% to 71% | 57% to 134% | 99% to 233% | 162% to 372% | 255% to 366% |
| 41 to 50 | 0% to 21% | 19% to 49% | 39% to 112% | 79% to 228% | 148% to 412% | 259% to 412% | 375% to 412% |
| 51 to 60 | 0% to 27% | 23% to 78% | 56% to 207% | 127% to 453% | 261% to 453% | 417% to 453% | 417% to 450% |
| 61 to 65 | 0% to 30% | 30% to 103% | 92% to 306% | 244% to 456% | 453% to 456% | 453% to 456% | |
[p.14]
---
### https://lifeinsurance.com.sg/api/product/singlife/singlife-elite-term-ii/summary.md
# Singlife Elite
Term II
**Insurer:** Singlife (Singapore Life Ltd.)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/196900499K/SinglifeEliteTermII_PS_NCI_Dec25.pdf
## Source wording
- **Effective from:** (not stated in document)
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/196900499K/SinglifeEliteTermII_PS_NCI_Dec25.pdf
- **PDF sha256:** `9f16407b9b366e60931a7d664dc1605e86d470f92fbdebf68cf148980b3c2329`
- **Extraction confidence:** verified
## Extracted facts
### claims
```json
{
"source_page": 6,
"direct_settlement": true,
"documents_required": [
"completed claim form",
"proof of the Life Assured's date of birth",
"medical report and/or diagnosis issued by a Registered Medical Practitioner, supported by clinical, radiological, histological and laboratory evidence at the claimant's expense, and acceptable to Us",
"death certificate (for Death Benefit claim)",
"proof that the claimant is entitled to payment under the Policy",
"any other document We consider necessary to support the claim"
]
}
```
### riders
```json
[
{
"name": "TPD Advance Cover Plus III",
"rider_type": "tpd",
"description": "This is a non-participating Total and Permanent Disability Supplementary Benefit (TPD Benefit). It offers protection against disability which is total and permanent during the period of the benefit term. This TPD Benefit accelerates the Death Benefit of the Policy to which it is attached. This Supplementary Benefit does not have any cash value. The premium rates for this Supplementary Benefit are level and guaranteed throughout the premium term.",
"source_page": 1,
"available_at_inception": true,
"available_after_inception": false
}
]
```
### free look
```json
{
"period_days": 14,
"source_page": 6,
"refund_basis": "We will cancel this Policy from its Policy Effective Date and refund the Premiums You paid without interest and less any expenses spent in considering Your application and issuing this Policy."
}
```
### exclusions
```json
[
{
"text": "We do not pay the Interim Accidental Death Benefit under this Policy if death is directly or indirectly, wholly or partly caused by or arising from or contributed to by: suicide, attempted suicide or other intentional self-inflicted injury, while sane or insane; active participation in war (declared or undeclared), civil war, war-like actions and/or acts of terrorism; resulting from or in connection with the use of nuclear, biological and/or chemical weapons in any act of war (declared or undeclared), civil war, war-like actions and/or acts of terrorism; any navy, army, air force, military or police duties (includes National Service and Reservist); participation in any aerial activity such as parachuting and sky-diving, racing of any kind other than on foot, mountaineering or underwater activity; travel on any type of aircraft except as a fare-paying passenger or a crew member of an international airline operating on a regularly-scheduled passenger flight of a licensed commercial aircraft; any violation or attempted violation of law, or resistance to lawful arrest or imprisonment; the influence of alcohol or drugs unless administered or taken at the direction of a Registered Medical Practitioner; any medical condition or injury not caused by an Accident; or consumption of poison or any substance which may be fatal if consumed, whether voluntary or involuntary.",
"source_page": 1
},
{
"text": "We do not pay the Death Benefit if the Life Assured commits suicide as stated in Section 4.",
"source_page": 2
},
{
"text": "We do not pay the TI Benefit for Terminal Illness in the presence of Human Immunodeficiency Virus (HIV) infection.",
"source_page": 2
},
{
"text": "We will not pay the TPD Benefit for any TPD directly or indirectly, wholly or partly caused by or arising from or contributed to by: self-inflicted illness or injury, while sane or insane; attempted suicide; injuries sustained during travel on any type of aircraft except as a fare-paying passenger or a crew member of an international airline operating on a regularly-scheduled passenger flight of a licensed commercial aircraft; or any Pre-existing Condition.",
"source_page": 1
}
]
```
### cash values
```json
{
"has_cash_value": false,
"non_guaranteed_bonus": {
"available": false
},
"guaranteed_surrender_value": {
"basis": "This plan does not have any cash value.",
"available": false,
"source_page": 1
}
}
```
### grace period
```json
{
"days": 30,
"source_page": 5
}
```
### product type
```json
"term-life"
```
### policy basics
```json
{
"minimum_entry_age": {
"basis": "age-next-birthday",
"years": 0,
"source_page": 1
},
"maximum_coverage_age": {
"basis": "age-next-birthday",
"years": 99,
"source_page": 1
},
"maximum_policy_term_years": "to Age 99",
"minimum_policy_term_years": 5
}
```
### premium terms
```json
{
"payment_modes": [
"annual",
"semi-annual",
"quarterly",
"monthly"
],
"premium_term_options": [
{
"label": "5-year term with Guaranteed Renewable Option",
"description": "Choice of coverage term of 5 years (with Guaranteed Renewable Option)",
"source_page": 1
},
{
"label": "10-year term with Guaranteed Renewable Option",
"description": "Choice of coverage term of 10 years (with Guaranteed Renewable Option)",
"source_page": 1
},
{
"label": "11 years up to Age 85",
"description": "Choice of coverage term of 11 years up to Age 85, at every one-year interval",
"source_page": 1
},
{
"label": "to Age 99",
"description": "Choice of coverage term to Age 99",
"source_page": 1
}
],
"premium_review_clause": {
"text": "The premiums are level and guaranteed throughout the policy term.",
"reviewable": false,
"source_page": 1
}
}
```
### suicide clause
```json
{
"source_page": 5,
"payout_within_period": "We will void Your Policy on the date immediately before the date of death. As long as You have not made any claim under the Policy, We will refund premiums paid for the Policy, without interest and less any amounts owing to Us, from the Policy Issue Date, or the last reinstatement date, whichever is later.",
"exclusion_period_months": 12
}
```
### document metadata
```json
{
"product_full_name": "Singlife Elite Term II (Regular Pay)",
"insurer_legal_entity": "Singapore Life Ltd.",
"product_summary_pdf_url": "https://singlife.com/en/claims"
}
```
### terminal illness benefit
```json
{
"available": true,
"source_page": 2,
"acceleration_percent": 100,
"qualifying_definition": "\"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."
}
```
---
*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.*
---
### https://lifeinsurance.com.sg/api/product/singlife/singlife-elite-term-ii/wording.md
# Singlife Elite Term II (Regular Pay)
[p.1]
**PRODUCT SUMMARY**
# 1. Description of Product
This plan is a non-participating level term insurance plan. The Basic Cover offers protection against death and Terminal Illness for the period of the policy term. This plan does not have any cash value.
In addition, an Interim Cover is provided against Accidental Death of the Life Assured under the Policy, or in the case of a joint-lives proposal, the 1st of the 2 Lives Assured proposed to be covered under the Policy, who suffers an Accidental Death, during the Interim Cover period. The Interim Cover starts from the date that the Application is signed.
**Note:**
- (a) "You" / "Your" relates to the Policyholder. "We" / "Us" / "Our" relates to Singapore Life Ltd.
- (b) "Age" refers to age next birthday.
## Product At-a-glance
- **Choice of coverage term:**
- of 5 years or 10 years (with Guaranteed Renewable Option),
- of 11 years up to Age 85, at every one-year interval, or
- to Age 99.
- **Pays a lump sum** in the event of death or upon diagnosis of a Terminal Illness within the policy term.
- **The premiums are level and guaranteed** throughout the policy term.
- **6 currency options are available:** SGD, USD, GBP, EUR, AUD and HKD.
- **Option to increase the Sum Assured** (without proof of insurability) when the Life Assured goes through certain life stage events such as:
- adding a new child member to his immediate family,
- enrolling himself or his child for primary, secondary or tertiary education,
- entering full-time employment within a year of graduation from tertiary education,
- changing his marital status,
- purchasing a property, or
- the Life Assured turning 21 years old.
- **Choose to pay** either monthly, quarterly, half-yearly or yearly.
- **Add on Supplementary Benefit(s)** for the extra peace of mind.
# 2. Plan Features and Benefits
Benefits are only payable when We approve any claims after receiving satisfactory proof.
Before We pay any benefit, We will less off the remaining premiums due for that policy year and any amounts owing to Us from the benefits payable.
You are advised to read the policy contract for the full list of exclusions.
## 2.1. Interim Accidental Death Benefit
| What We Pay | What We Do Not Pay |
|---|---|
| The interim Accidental Death cover "Interim Cover" applies only if the Life Assured is less than Age 60 on the date of Application and comply with the duty of disclosure as set out in the Application Form. The Interim Cover Benefit per life by Us under the Interim Cover is: • the proposed Sum Assured for Death Benefit, or • SGD 500,000 (or its equivalent in other currencies), whichever is lower, less the Premiums which would have been required to be paid for the first policy year. Upon receiving the Application and all the required supporting documents and information, We reserve the right to revoke the Interim Cover by informing the Life Assured immediately if We determine that there is more than the standard life risk to cover. | We do not pay the Interim Accidental Death Benefit under this Policy if death is directly or indirectly, wholly or partly caused by or arising from or contributed to by: • suicide, attempted suicide or other intentional self-inflicted injury, while sane or insane, • active participation in war (declared or undeclared), civil war, war-like actions and/or acts of terrorism, • resulting from or in connection with the use of nuclear, biological and/or chemical weapons in any act of war (declared or undeclared), civil war, war-like actions and/or acts of terrorism, • any navy, army, air force, military or police duties (includes National Service and Reservist), • participation in any aerial activity such as parachuting and sky-diving, racing of any kind other than on foot, mountaineering or underwater activity, • travel on any type of aircraft except as a fare-paying passenger or a crew member of an international airline operating on a regularly-scheduled passenger flight of a licensed commercial aircraft, • any violation or attempted violation of law, or resistance to lawful arrest or imprisonment, • the influence of alcohol or drugs unless administered or taken at the direction of a Registered Medical Practitioner, • any medical condition or injury not caused by an Accident, or • consumption of poison or any substance which may be fatal if consumed, whether voluntary or involuntary. |
### When the Interim Accidental Death Benefit Ends
This benefit ends:
- on the Policy Issue Date,
- 90 days from the date of Application signed,
- 30 days from the date the Application is accepted by Us on substandard terms, unless the Assured accepts the terms,
- on the date the Application is withdrawn,
- on the date the Application is rejected or postponed by Us, or
- if the proposed Life Assured dies due to an Accident (or in the case of a joint-lives proposal, if the 1st of the 2 proposed Lives Assured were to die due to an Accident),
whichever is the earliest.
**"Accident"** means an event caused solely and independently of all other causes and directly by violent, unexpected, external and visible means.
**"Accidental Death"** means death caused by Accident.
**"Application"** means the application form signed and submitted by the person(s) named in the application to purchase the Policy from Us, including any written statement, representation and/or document given to Us to support the said application.
[p.2]
## 2.2. Death Benefit
| What We Pay | What We Do Not Pay |
|---|---|
| If the Life Assured dies, We will pay the Sum Assured in one lump sum. If We have paid part of the Sum Assured in an earlier claim, only the remaining Sum Assured is payable. The Policy ends once We pay the Death Benefit (including early payout of the Death Benefit) in full. | We do not pay the Death Benefit if the Life Assured commits suicide as stated in Section 4. |
## 2.3. Terminal Illness Benefit (TI Benefit)
| What We Pay | What We Do Not Pay |
|---|---|
| If the Life Assured is diagnosed with Terminal Illness, We will pay the TI Benefit in one lump sum, as an early payout 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. | We do not pay the TI Benefit for Terminal Illness in the presence of Human Immunodeficiency Virus (HIV) infection. |
## 2.4. Guaranteed Renewable Option
(Applicable to Policy Term of 5 years and 10 years only)
| What is it? | This option allows You to renew this Basic Cover automatically from the Benefit Cessation Date for the same duration of the existing policy term, without further proof of insurability. |
|---|---|
| **What are the conditions?** | You must meet all of the following conditions: • the Policy is in force on the Benefit Cessation Date, • the chosen policy term at Policy Effective Date is 5 years or 10 years, • the Life Assured is at Age 89 or younger upon renewal of the Policy (if the Policy is a joint life policy, the age limit for renewal must be based on the older Age of the 2 Lives Assured), • the Life Assured is insured for the same Sum Assured or less on the Benefit Cessation Date, and • We have not admitted any claim under this Policy. |
| **What must You take note of?** | The same terms of acceptance as at the inception of this Policy will continue to apply for each renewed term. Premiums payable for the renewed Policy will be calculated based on the Life Assured's Age at date of renewal, using prevailing premium rates at the time of renewal. The renewal premiums shall be payable in the same contract currency chosen at inception. If You do not want to renew this Basic Cover, You must give Us written notice of Your intention within 30 days before the date of next renewal. The Free Look stated in Section 10 does not apply to the renewed Policy if the Guaranteed Renewable Option is exercised. |
[p.3]
## 2.5. Guaranteed Issuance Option For Life Stage Event
| What is it? | This option allows You to increase the Sum Assured of this Basic Benefit during premium payment period, without proof of insurability if any of the following Life Stage Events happen: • the Life Assured changes marital status (for e.g., marries or divorces) • the Life Assured becomes a parent by having a newborn child or legally adopts a child • the Life Assured purchases a property • the Life Assured or Life Assured's child enrols into primary, secondary or tertiary education • the Life Assured entered full-time employment within one year from tertiary graduation • the Life Assured turns 21 years old. |
|---|---|
| **What are the conditions?** | You must meet all of the following conditions: • You have not submitted a claim under this Policy, • We have not admitted a claim under this Policy, • You can only exercise this option up to 2 times during the lifetime of the Life Assured regardless of the number of policies You may have which offers such similar option, • You must provide satisfactory proof that the Assured agrees to the increase in the Sum Assured (applies if the Policy is a third party policy), • You must submit the application within 90 calendar days after the Life Stage Event has occurred and within the premium paying period, • there is no waiting period before You can exercise this option, • this Policy must be fully underwritten and accepted at standard terms without any sub-standard premium loadings, exclusions or counter offers, • the Life Stage Event must occur: - before the Policy Anniversary immediately after the Life Assured turns Age 50, or - if the Policy is a joint life policy, before the Policy Anniversary immediately after the older Life Assured turns Age 50, and • the total Sum Assured that can be increased under this option no matter how many times it has been exercised, must not be more than: - 50% of the Basic Cover's Sum Assured agreed at Policy Effective Date, or - maximum limit of SGD 500,000 per life (or its equivalent in other currencies)*, whichever is lower, and the total Sum Assured after the increase (including all other policies with Us covering the same Life Assured) must not exceed the prevailing maximum sum assured per life limit allowed for Death and Terminal Illness coverage. * This maximum limit applies regardless of the number of policies You may have covering the same Life Assured which offers such similar option. If the Policy is a joint life policy, this maximum limit applies in total for both lives. |
| **What must You take note of?** | The increase in the Sum Assured under this option will take effect on the next Policy Anniversary immediately after We approve Your application to exercise this option. Premium payable for the increased portion of the Sum Assured for the remaining term of the Policy will be calculated based on the Life Assured's Age at next Policy Anniversary. We reserve the right to void the increase in Sum Assured if the date of death, diagnosis or disability (where applicable) of the claim occurred before the request of the increase in Sum Assured. |
[p.4]
## 2.6. Guaranteed Convertibility Option
(Applicable to all Policy Terms)
| What is it? | This option allows You to convert the original Policy to a new endowment or whole life policy available at the point of conversion, without proof of insurability. If You exercise this option to fully convert this Policy: • We will convert the Sum Assured to the sum assured of the new policy, subject to the minimum and maximum sums assured allowed for the new policy at the time of Your application, and • the Death Benefit payable under the new policy must not be more than the Death Benefit payable under the original Policy before You exercise this option. If You exercise this option to partially convert this Policy: • We will reduce the Sum Assured of the Basic Benefits by the amount converted, subject to the minimum Sum Assured of the Policy, • We will convert the part of Sum Assured reduced to the sum assured of the new policy subject to the minimum and maximum sums assured allowed for the new policy at the time of Your application, and • the Death Benefit payable under the new policy must not be more than the amount of Sum Assured converted. |
|---|---|
| **What are the conditions?** | You must meet all of the following conditions: • You have not submitted a claim under this Policy, • We have not admitted a claim under this Policy, • the Policy is in force when this option is exercised, • the Life Assured is Age 65 or younger when this option is exercised (if the Policy is a joint life policy, the age limit for conversion must be based on the older Age of the 2 Lives Assured), and • the Life Assured of the new policy must be the same as the original Policy. |
| **What must You take note of?** | A partial conversion may reduce the premium payable over the remaining premium payment term and all future benefits of the original Policy will also be reduced. You must continue to pay the Premium for the remaining Sum Assured based on the Premium rate applicable at the Policy Effective Date to keep this Policy in force after partial conversion. Premiums payable for the new policy will be based on the Life Assured's Age at the date when the Policy is converted and the prevailing premium rates. Full or partial conversion can only be effective at the next premium payment due date. If the Policy is a joint life policy, the new policy must insure the same Lives Assured. If a joint life product is not available, both Lives Assured can choose to take up separate new policies. The amount of Sum Assured of the new policy for each Life Assured will be half of the amount of Sum Assured converted. The same terms of acceptance as at the inception of this Policy will continue to apply to the new policy. This option can only be exercised once, be it a full or partial conversion. The action to convert this Policy cannot be reverted once conversion is effective. We reserve the right to void the request to convert the original Policy to a new endowment or whole life policy if the date of death, diagnosis or disability (where applicable) of the claim occurred before the request to convert the original Policy to a new endowment or whole life policy. The Free Look stated in Section 10 applies to the new endowment or whole life policy if the Guaranteed Convertibility Option is exercised. |
[p.5]
# 3. The Contract
This summary provides You with an overview of the plan. The policy contract will provide the full terms and conditions of this plan.
# 4. Suicide
If the Life Assured commits suicide (while sane or insane) within one year from:
- the Policy Issue Date, or
- the last reinstatement date of the Policy,
whichever is later, We will void Your Policy on the date immediately before the date of death.
As long as You have not made any claim under the Policy, We will refund premiums paid for the Policy, without interest and less any amounts owing to Us, from:
- the Policy Issue Date, or
- the last reinstatement date,
whichever is later.
# 5. When the Policy Ends
The Policy ends:
- when the Life Assured dies,
- when We pay the Death Benefit or early payout of the Death Benefit in full,
- when this Policy expires,
- when the Grace Period expires if the Instalment Premium for the Policy remains unpaid,
- when We accept Your written request to end it, or
- when any other event which results in the Policy ending (as set out in this Policy) happens,
whichever is the earliest.
There shall be no refund of any Instalment Premium paid before the date this Policy ends. If We accept Your written request to Us to end this Policy, there shall not be any prorated refund of Premium(s) and Your Policy will end from the premium due date immediately following the date We accept Your written request to end this Policy.
# 6. Joint-Lives Assured
If the Policy is a joint life policy, the Death Benefit or Terminal Illness Benefit will only be payable for the Life Assured who is first to:
- die, or
- be diagnosed with Terminal Illness,
respectively.
Supplementary Benefits (where applicable) will also only be payable for the Life Assured who is first to:
- die, or
- be diagnosed with Critical Illness or Total and Permanent Disability,
whichever applies.
# 7. Joint Ownership
Where the Assured is 2 individuals:
- if either of them dies, all his rights, options, title and interest in the Policy will automatically pass to the surviving Assured, and
- any transaction requiring a request by the Assured can be requested by either of the 2 Assureds.
[p.6]
# 8. Notice and Proof of Claim
Written notice and proof of claim must be given to Us as soon as reasonably possible after the claim event and/or the death of the Life Assured.
The claimant must inform Us and give Us the following documents at Our registered office:
- the completed claim form,
- proof of the Life Assured's date of birth,
- the medical report and/or diagnosis issued by a Registered Medical Practitioner. The medical report and/or diagnosis must meet the following conditions:
- supported by clinical, radiological, histological and laboratory evidence at the claimant's expense, and
- acceptable to Us,
- the death certificate (for Death Benefit claim),
- proof that the claimant is entitled to payment under the Policy, and
- any other document We consider necessary to support the claim.
# 9. 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/claims for the claim procedures.
# 10. Free Look
You have 14 days from the date You receive this Policy to decide whether You want to continue with it. If You do not want to continue, You may write to Us to cancel this Policy. As long as You have not made any claim under this Policy, We will cancel this Policy from its Policy Effective Date and refund the Premiums You paid without interest and less any expenses spent in considering Your application and issuing this Policy.
If this Policy was sent to You by post, We consider it delivered 7 days after posting. If this Policy was sent to You electronically, We consider it delivered on the date of transmission (unless We receive a notification of non-receipt), or when You download the Policy.
# 11. Point-of-Sale Documents
A copy of the following documents is provided at the point-of-sale:
- Cover Page (if applicable)
- 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"
# 12. Note
The above is merely 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 this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely.
[p.7]
# 13. 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 websites (www.lia.org.sg or www.sdic.org.sg).
# 14. Details of the Insurer
This plan is underwritten by Singapore Life Ltd. Website: www.singlife.com.
[p.8]
---
# TPD Advance Cover Plus III
[p.1]
**Product Summary**
# 1. Features
This is a non-participating Total and Permanent Disability Supplementary Benefit (TPD Benefit). It offers protection against disability which is total and permanent during the period of the benefit term. This TPD Benefit accelerates the Death Benefit of the Policy to which it is attached. This Supplementary Benefit does not have any cash value.
The premium rates for this Supplementary Benefit are level and guaranteed throughout the premium term.
# 2. Benefits
Benefits are only payable when we approve any claims after receiving satisfactory proof.
Before we pay any benefit, we will less off the remaining premiums due for that policy year and any amounts owing to Us from the benefits payable.
You are advised to read the policy contract for the full list of exclusions.
## 2.1. Total and Permanent Disability Benefit (TPD Benefit)
| What We Pay | What We Do Not Pay |
|---|---|
| If the Life Assured suffers from Total and Permanent Disability (TPD), We will pay the TPD Benefit as an early payout of the Death Benefit. Please refer to Appendix A for the definition of TPD. As the TPD Benefit is an early payout of the Death Benefit, if we have paid part of the Death Benefit in an earlier claim and this causes the Death Benefit to be less than the Sum Assured of this Supplementary Benefit, We will: • reduce the Sum Assured of this Supplementary Benefit to the amount equal to the Death Benefit, and • the TPD Benefit will be based on the reduced Sum Assured of this Supplementary Benefit. If the Sum Assured of this Supplementary Benefit is reduced to the revised Sum Assured of the Death Benefit, the premium will be reduced accordingly. You only need to pay the reduced premium (based on the premium rates that apply at the Benefit Commencement Date) to receive the remaining benefits. The diagnosis must be confirmed and certified by a Registered Medical Practitioner. | We will not pay the TPD Benefit for any TPD directly or indirectly, wholly or partly caused by or arising from or contributed to by: • self-inflicted illness or injury, while sane or insane, • attempted suicide, • injuries sustained during travel on any type of aircraft except as a fare-paying passenger or a crew member of an international airline operating on a regularly-scheduled passenger flight of a licensed commercial aircraft, or • any Pre-existing Condition. "Pre-existing Condition" means any condition or illness which existed or was existing or the cause or symptoms of which existed or were existing or evident, or any condition or illness which the Life Assured suffered or was suffering from, before the: • Policy Issue Date, • issue date of this Supplementary Benefit, • Benefit Commencement Date of this Supplementary Benefit, or • reinstatement date of this Supplementary Benefit, whichever is the latest, unless the condition or illness had been declared and accepted by Us. |
### Note:
While this Supplementary Benefit is in force, We will pay the TPD Benefit in the following manner:
#### (a) For Life Assured who is Age 2 and above on the date of diagnosis
If the total Sum Assured for the TPD Benefit under this Policy and any other policy issued by Us covering the same Life Assured is equal to or less than SGD 2,000,000 (or its equivalent in other currencies), We will pay the TPD Benefit in one lump sum in the applicable Contract Currency.
If the total Sum Assured for the TPD Benefit under this Policy and any other policy issued by Us covering the same Life Assured is more than SGD 2,000,000 (or its equivalent in other currencies), We will:
- waive the Instalment Premiums for the TPD Benefit starting on the Policy Anniversary immediately after We admit the TPD claim, and
- pay the total Sum Assured for the TPD Benefit in 3 payments:
- first SGD 2,000,000 (or its equivalent in other currencies) when we approve the claim
- half of the remainder one year after the date on which We pay the first SGD 2,000,000 (or its equivalent in other currencies)
- the rest 2 years after the date on which We pay the first SGD 2,000,000 (or its equivalent in other currencies)
[p.2]
#### (b) For Life Assured who is below Age 2 on the date of diagnosis
We will waive the Instalment Premiums for the TPD Benefit starting on the Policy Anniversary immediately after We admit the TPD claim, and pay the total Sum Assured for the TPD Benefit in 2 payments:
- 20% of the TPD Benefit when We admit the TPD claim
- the remaining 80% one year after the date on which the first payment was paid
# 3. Guaranteed Renewable Option
(Applicable to Rider Term of 5 years and 10 years attached to Term Plans with Guaranteed Renewable Option only)
| What is it? | Where the attached Basic Cover has Guaranteed Renewable Option, this option allows You to renew this Supplementary Benefit together with the attached Basic Cover automatically from the Benefit Cessation Date for the same duration of the existing policy term, without proof of insurability. |
|---|---|
| **What are the conditions?** | You must meet all of the following conditions on the Benefit Cessation Date of the Basic Cover: • both this Supplementary Benefit and the Basic Cover are in force, • this Supplementary Benefit is attached to the Basic Cover at Policy Effective Date, • this Supplementary Benefit has the same Supplementary Benefit term as the Basic Cover at Policy Effective Date, • the Life Assured is Age 75 or younger upon renewal of the Basic Cover (if the Policy is a joint life policy, the age limit for renewal must be based on the older Age of the 2 Lives Assured), • the Life Assured is insured for the same Sum Assured or less on the Benefit Cessation Date of this Supplementary Benefit, and • We have not admitted any claim under this Supplementary Benefit. |
| **What must You take note of?** | The same terms of acceptance as at the inception of this Supplementary Benefit will continue to apply for each renewed term. Premium payable for the renewal of this Supplementary Benefit will be calculated based on the Life Assured's Age at date of renewal, using prevailing premium rates at the time of renewal. The renewal premiums shall be payable in the same contract currency chosen at policy inception. |
# 4. Guaranteed Issuance Option For Life Stage Event
| What is it? | This option allows You to increase the Sum Assured of this Supplementary Benefit during premium payment period, without proof of insurability if any of the following life stage events happen: • the Life Assured changes marital status (for e.g., marries or divorces) • the Life Assured becomes a parent by having a newborn child or legally adopts a child • the Life Assured purchases a property • the Life Assured or Life Assured's child enrols into primary, secondary or tertiary education • the Life Assured entered full-time employment within one year from tertiary graduation • the Life Assured turns 21 years old. |
|---|---|
| **What are the conditions?** | You must meet all of the following conditions: • You have not submitted a claim under the Policy, • We have not admitted a claim under the Policy, • You can only exercise this option on the same Life Assured as the Basic Cover, • You can only exercise this option up to 2 times during the lifetime of the Life Assured regardless of the number of policies You may have which offers such similar option, • You must provide satisfactory proof that the Assured agrees to the increase in the Sum Assured (applies if the Policy is a third party policy), • You must submit the application within 90 calendar days after the Life Stage Event has occurred and within the premium paying period, • there is no waiting period before You can exercise this option, • this Supplementary Benefit must be fully underwritten and accepted at standard terms without any sub-standard premium loadings, exclusions or counter offers, • the Life Stage Event must occur: - before the Policy Anniversary immediately after the Life Assured turns Age 50, or - in the case of joint policies, before the Policy Anniversary immediately after the older Life Assured turns Age 50, and • the total Sum Assured that can be increased under this option no matter how many times it has been exercised, must not be more than: - 50% of the Sum Assured of this Supplementary Benefit agreed at Policy Effective Date, or - maximum limit of SGD 500,000 per life (or its equivalent in other currencies)*, whichever is lower, and the total Sum Assured after the increase (including all other policies with Us covering the same Life Assured) must not exceed the prevailing maximum sum assured per life limit allowed for Total and Permanent Disability coverage. *This maximum limit applies regardless of the number of policies You may have covering the same Life Assured which offers such similar option. If the Policy is a joint life policy, this maximum limit applies in total for both lives. |
| **What must You take note of?** | The increase in the Sum Assured of this Supplementary Benefit under this option will take effect on the next Policy Anniversary immediately after We approve Your application to exercise this option. Same premium payment term option selected for this Supplementary Benefit will apply to the increased portion of the Sum Assured of this Supplementary Benefit. Premium payable for the increased portion of the Sum Assured of this Supplementary Benefit for its remaining term will be calculated based on the Life Assured's Age at next Policy Anniversary. We reserve the right to void the increase in Sum Assured if the date of death, diagnosis or disability (where applicable) of the claim occurred before the request of the increase in Sum Assured. |
[p.3]
# 5. Guaranteed Convertibility Option
(Applicable to all Rider Terms)
| What is it? | When you exercise the Guaranteed Convertibility Option for the Basic Cover, this Supplementary Benefit will be converted automatically to a new supplementary benefit for the same term as the new basic cover (available at the point of conversion), without proof of insurability. If You exercise this option to fully convert the Basic Cover: • We will convert the Sum Assured of this Supplementary Benefit to the sum assured of the new supplementary benefit subject to the minimum and maximum sums assured of the new supplementary benefit allowed at the time of Your application, and • the sum assured of the new supplementary benefit will not be more than the Sum Assured of this Supplementary Benefit before You exercise this option. If You exercise this option to partially convert the Basic Cover: • We will reduce the Sum Assured of this Supplementary Benefit by the amount converted, subject to the minimum Sum Assured of this Supplementary Benefit, and • We will convert the part of Sum Assured reduced to the sum assured of the new supplementary benefit subject to the minimum and maximum sums assured allowed for the new supplementary benefit at the time of Your application. |
|---|---|
| **What are the conditions?** | You must meet all of the following conditions: • You have not submitted a claim under this Supplementary Benefit, • We have not admitted a claim under this Supplementary Benefit, • this Supplementary Benefit is attached to the Basic Cover at Policy Effective Date, • the Basic Cover is in force when You exercise this option for the Basic Cover, • the Life Assured of the new supplementary benefit must be the same as this Supplementary Benefit, • the Life Assured is Age 65 or younger when this Supplementary Benefit is converted (if the Policy is a joint life policy, the age limit for conversion shall be based on the older Age of the 2 Lives Assured), • the payout of the new supplementary benefit must be an early payout of the death benefit and is not payable in addition to the death benefit of the new basic cover, • the new supplementary benefit must contain the same terms, exclusions and conditions as this Supplementary Benefit, and • if this Supplementary Benefit allows for joint lives, the new supplementary benefit for the same Lives Assured must be: - a joint life Supplementary Benefit, or - new supplementary benefits with half the Sum Assured of this Supplementary Benefit for each Life Assured if: - a joint life product is unavailable, and - the minimum and maximum sums assured of the new supplementary benefit allowed at the time of application is met. |
| **What must You take note of?** | A partial conversion will reduce the premium payable over the remaining premium payment term and all future benefits of the original Basic Cover and Supplementary Benefits will also be reduced. Premiums payable for the new supplementary benefit will be based on the Life Assured's Age at the date of conversion and the prevailing premium rates. Full or partial conversion can only be effective at the next premium payment due date. The same terms of acceptance as at the inception of this Supplementary Benefit will continue to apply for the new supplementary benefit. This option can only be exercised once, be it a full or partial conversion. The action to convert this Supplementary Benefit cannot be reverted once conversion is effective. We reserve the right to void the request to convert this Supplementary Benefit to a new supplementary benefit if the date of death, diagnosis or disability (where applicable) of the claim occurred before the request to convert this Supplementary Benefit to a new supplementary benefit. |
# 6. When this Supplementary Benefit Ends
This Supplementary Benefit ends:
- when We accept Your written request to end it,
- when the Policy ends,
- on its Benefit Cessation Date,
- when the Grace Period expires if the Instalment Premium for this Supplementary Benefit remains unpaid, or
- when We pay this Supplementary Benefit in full,
whichever is the earliest.
There shall be no refund of any Instalment Premium paid before the date this Supplementary Benefit ends. If We accept Your written request to Us to end this Supplementary Benefit, there shall not be any prorated refund of Premium(s) and this Supplementary Benefit will end from the premium due date immediately following the date We accept Your written request to end it.
# 7. Proof of Claim
We have the right to ask for proof of continuing TPD from time to time even if We have approved Your claim for TPD Benefit.
We will stop paying TPD Benefit if:
- We do not receive satisfactory proof of continuing TPD, or
- the Life Assured becomes able to work or engage in any occupation or profession for wages, compensation or profit.
If We stop paying TPD Benefit because of the reasons above, You must continue to pay the Instalment Premiums due for the remaining Sum Assured after deducting the amounts already paid for TPD Benefit, based on the premium rate that applies at Benefit Commencement Date.
[p.4]
# 8. 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/claims for the claim procedures.
# 9. Note
The above is merely 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.
# 10. 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 websites (www.lia.org.sg or www.sdic.org.sg).
[p.5]
# Appendix A
**"Total and Permanent Disability" or "TPD" means:**
- **If the Life Assured is Age 18 and below:**
A state of permanent incapacity in which the Life Assured is confined to a home, hospital or institution, requiring constant care and medical attention for at least 6 consecutive months.
- **If the Life Assured is Age 19 to 65:**
- A disability which is total and permanent and persists continuously for at least 6 months, with the Life Assured incapable of performing any work or engaging in any occupation or profession to earn or obtain wages, compensation or profit, from the time when the disability started, or
- The Life Assured becoming totally and permanently unable to perform (due to disease, illness or injury) at least 3 of the 6 "Activities of Daily Living" (despite the aid of special equipment) and requires the physical assistance of another person throughout the entire activity for at least 6 continuous months.
- **If the Life Assured is Age 66 to 70:**
The Life Assured becomes totally and permanently unable to perform (due to disease, illness or injury) at least 2 of the 6 "Activities of Daily Living" (despite the aid of special equipment) and requires the physical assistance of another person throughout the entire activity for at least 6 continuous months.
- **For Life Assured of any Age:**
The Life Assured has suffered total and irrecoverable:
- loss of the sight of both eyes,
- loss of sight of one eye and loss by severance or loss of use of one limb at or above the ankle or wrist, or
- loss by severance or loss of use of:
- both hands at or above the wrists,
- both feet at or above the ankles, or
- one hand at or above the wrist and one foot at or above the ankle.
A Registered Medical Practitioner must first confirm and certify the diagnosis of Total and Permanent Disability before We admit the claim for TPD Benefit.
**"Activities of Daily Living" refers to the following:**
- **Dressing** - the ability to put on, take off, secure and unfasten all garments and, as appropriate, any braces, artificial limbs or other surgical appliances
- **Feeding** - the ability to feed oneself once food has been prepared and made available,
- **Mobility** - the ability to move indoors from room to room on level surfaces
- **Toileting** - the ability to use the lavatory or otherwise manage bowel and bladder functions so as to maintain a satisfactory level of personal hygiene
- **Transferring** - the ability to move from a bed to an upright chair or wheelchair and vice versa
- **Washing** - the ability to wash in the bath or shower (including getting into and out of the bath or shower) or wash satisfactorily by other means
[p.6]
---
### https://lifeinsurance.com.sg/api/product/singlife/singlife-flexi-life-income-ii/summary.md
# Singlife Flexi
Life Income II
**Insurer:** Singlife (Singapore Life Ltd.)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/196900499K/SinglifeFlexiLifeIncomeII_PS_Dec25.pdf
## Source wording
- **Effective from:** (not stated in document)
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/196900499K/SinglifeFlexiLifeIncomeII_PS_Dec25.pdf
- **PDF sha256:** `9232275c798bdbe54b5919e2694e7aa3af423f90756d3deb6082af822b94d379`
- **Extraction confidence:** verified
## Extracted facts
### claims
```json
{
"source_page": 7,
"direct_settlement": true,
"documents_required": []
}
```
### riders
```json
[
{
"name": "Supplementary Benefits",
"rider_type": "other",
"description": "While the Policy is in force, You may request to add additional Supplementary Benefits to Your Policy, subject to Our terms and conditions and provided the Supplementary Benefits are available at the point of Your application. You have to pay extra premiums for these additional Supplementary Benefits. No Supplementary Benefit is available for single premium payment term Policy.",
"source_page": 2,
"available_at_inception": true,
"available_after_inception": true
}
]
```
### free look
```json
{
"period_days": 14,
"source_page": 7,
"refund_basis": "We will refund the premium(s) you paid (without interest) after deducting any expenses we spent in issuing the policy, after we have received the written notification for cancellation."
}
```
### 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": 7
},
{
"text": "Terminal Illness in the presence of HIV infection is excluded.",
"source_page": 7
}
]
```
### cash values
```json
{
"has_cash_value": true,
"non_guaranteed_bonus": {
"text": "Cash Bonus, Booster Bonus and Terminal Bonus are non-guaranteed and depend on the performance of Our Participating Fund. Cash Bonus is 3.00% of the Sum Assured based on an illustrated investment rate of return of 4.25% p.a. Booster Bonus is 0.50% of Sum Assured based on an illustrated investment rate of return of 4.25% p.a. Terminal Bonus may be paid upon death, Terminal Illness early payout or surrender. 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.",
"available": true,
"bonus_types": [
"cash-dividend",
"other"
],
"source_page": 4,
"par_fund_name": "Singapore Life Ltd.'s Participating Fund"
},
"guaranteed_surrender_value": {
"basis": "Guaranteed Cash Surrender Value is equivalent to Total Premiums Paid as at the end of the Accumulation Period or the end of: (a) 8th Policy Year for single premium payment term; (b) 13th Policy Year for 3 years premium payment term; (c) 15th Policy Year for 5, 10 or 15 years premium payment term; or (d) 25th Policy Year for 20 or 25 years premium payment term; whichever is earliest. The Guaranteed Cash Surrender Value will increase at 0.25% p.a. (compounded) starting from the 5th Policy Year after the end of the Accumulation Period.",
"available": true,
"source_page": 2
}
}
```
### policy loan
```json
{
"available": true,
"source_page": 3,
"interest_basis": "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.",
"max_percent_of_cash_value": 65
}
```
### grace period
```json
{
"days": 30,
"source_page": 3
}
```
### product type
```json
"whole-life"
```
### underwriting
```json
{
"source_page": 1,
"pre_existing_treatment": "No medical underwriting is required."
}
```
### policy basics
```json
{
"maximum_entry_age": {
"basis": "age-next-birthday",
"years": 70,
"source_page": 3
},
"minimum_entry_age": {
"basis": "age-next-birthday",
"years": 1,
"source_page": 3
},
"maximum_coverage_age": "whole-of-life",
"minimum_policy_term_years": "entry age + premium payment term ≤ 75 ANB; entry age + premium payment term + Accumulation Period ≤ 80 ANB"
}
```
### premium terms
```json
{
"cpf_eligible": {
"srs": true,
"notes": "For single payment: Cash, Cheque, Bank Draft or SRS only. 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.",
"source_page": 3,
"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",
"source_page": 1
},
{
"label": "3-pay",
"description": "Limited premium payment term of 3 years",
"source_page": 1
},
{
"label": "5-pay",
"description": "Limited premium payment term of 5 years",
"source_page": 1
},
{
"label": "10-pay",
"description": "Limited premium payment term of 10 years",
"source_page": 1
},
{
"label": "15-pay",
"description": "Limited premium payment term of 15 years",
"source_page": 1
},
{
"label": "20-pay",
"description": "Limited premium payment term of 20 years",
"source_page": 1
},
{
"label": "25-pay",
"description": "Limited premium payment term of 25 years",
"source_page": 1
}
],
"premium_review_clause": {
"text": "Premium rates are guaranteed throughout the premium payment term.",
"reviewable": false,
"source_page": 3
}
}
```
### suicide clause
```json
{
"source_page": 7,
"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 Flexi Life Income II",
"insurer_legal_entity": "Singapore Life Ltd.",
"product_summary_pdf_url": "https://singlife.com/en/make-a-claim/"
}
```
### terminal illness benefit
```json
{
"available": true,
"source_page": 2,
"acceleration_percent": 100,
"qualifying_definition": "\"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."
}
```
---
*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.*
---
### https://lifeinsurance.com.sg/api/product/singlife/singlife-flexi-life-income-ii/wording.md
# PRODUCT SUMMARY
## Singlife Flexi Life Income II
[p.1]
## 1. DESCRIPTION OF PRODUCT
Singlife Flexi Life Income II is a participating whole life insurance plan that facilitates wealth accumulation and provides Yearly Income payable starting from the end of the Accumulation Period. This plan provides You with the 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.
- No medical underwriting is required.
- Choose to save towards Your goal by paying a Single Premium or limited premium payment term of 3, 5, 10, 15, 20 or 25 years, subject to entry age + premium payment term up to a maximum of 75 Age Next Birthday (ANB).
- For limited premium payment term Policy, opt from a choice of either monthly, quarterly, half-yearly or yearly payment frequencies.
- Enjoy flexibility in the choice of Your Accumulation Period that best suits Your needs, subject to entry age + premium payment term + Accumulation Period up to maximum of 80 ANB.
- Receive Yearly Income (i.e. Guaranteed Cash Benefit and Cash Bonus) up to 5.20% of Sum Assured every year as long as the Life Assured is alive and while the Policy is in force.
- Receive non-guaranteed Booster Bonus of 0.50% of Sum Assured every Policy Year starting from the Policy Anniversary immediately following:
i. the date on which the Life Assured attained age 60 at next birthday; or
ii. the end of the 20th Policy Year after the Accumulation Period ends,
whichever is later.
- Choose from the flexible options available:
i. Receive the Yearly Income and Booster Bonus (if any) while the Policy is in force; or
ii. Reinvest the Yearly Income and Booster Bonus (if any) with Us at the prevailing non-guaranteed interest rate.
- Benefit from the flexibility to withdraw any reinvested Yearly Income and Booster Bonus (if any) with interest should the need arise.
- Enjoy peace of mind with the Death and Terminal Illness coverage offered under this Plan.
- Guaranteed Cash Surrender Value is equivalent to Total Premiums Paid as at the end of Accumulation Period or the end of:
i. 8th Policy Year for single premium payment term;
ii. 13th Policy Year for 3 years premium payment term;
iii. 15th Policy Year for 5, 10 or 15 years premium payment term; or
iv. 25th Policy Year for 20 or 25 years premium payment term;
whichever is earliest.
- Add on Supplementary Benefits for the extra peace of mind where available (for limited Premium payment term Policy only).
---
[p.2]
## 2. PLAN FEATURES AND BENEFITS
The benefits (including any guaranteed and non-guaranteed payouts) are provided by Us and are not obligated or guaranteed by Our distributors. You are subject to Our credit risk.
### 2.1 YEARLY INCOME
We will pay You a Yearly Income at the end of every Policy Year starting from the end of the Accumulation Period, less any amount You owe Us, as long as the Life Assured is alive and while the Policy is in force.
The Yearly Income consists of:
1. Guaranteed Cash Benefit at 2.20% of the Sum Assured; and
2. Cash Bonus (non-guaranteed), if any at 3.00%^ of the Sum Assured.
^ Cash Bonus rate indicated above is based on an illustrated investment rate of return of 4.25% per annum (p.a.) which is the higher rate as illustrated in the Policy Illustration. Please refer to the Policy Illustration for further information.
Note: The Sum Assured is used to determine the Guaranteed Cash Benefit, Cash Bonus and Booster Bonus and is not the Death Benefit. Please refer to the section on Death Benefit for more details.
You can opt to:
(a) receive the Yearly Income; or
(b) reinvest the Yearly Income with Us at a non-guaranteed interest rate determined by Us;
when You apply for Your Policy.
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.
Before payment of each of the Yearly Income, We will deduct any amount You owe to Us.
The Yearly Income will be payable until the last Policy Anniversary before or on the date on which the Life Assured dies, is diagnosis with Terminal Illness or the Policy ends, whichever is earliest.
### 2.2 NON-GUARANTEED BONUS FROM SINGAPORE LIFE LTD.'S PARTICIPATING FUND
You will receive Cash Bonus, Booster Bonus and Terminal Bonus as We distribute a share of Our Participating Fund profit to You in the form of such bonuses.
#### 2.2.1 Cash Bonus
We will pay the Cash Bonus which forms part of the Yearly Income yearly during the Income Payout Period while the Policy is in force and the Life Assured is alive. The Cash Bonus is 3.00% of the Sum Assured based on an illustrated investment rate of return of 4.25% p.a. Cash Bonus is non-guaranteed and depends on the performance of Our Participating Fund.
#### 2.2.2 Booster Bonus
While the Policy is in force and the Life Assured is alive, We will pay the Booster Bonus every Policy Year starting from the Policy Anniversary immediately following:
i. the date on which the Life Assured reached age 60 at next birthday; or
ii. the end of 20th Policy Year after the Accumulation Period ends,
whichever is later. The Booster Bonus (if any) will be paid out together with the Yearly Income for that Policy Year.
The Booster Bonus is 0.50% of Sum Assured based on an illustrated investment rate of return of 4.25% p.a. It is non-guaranteed and depends on the performance of Our Participating Fund.
We will pay or reinvest the Booster Bonus (if any), following the same option which You have selected for Yearly Income.
We will pay the Booster Bonus until the last Policy Anniversary before or on the date on which the Life Assured dies, is diagnosed with Terminal Illness or the Policy ends, whichever is earliest.
#### 2.2.3 Terminal Bonus
Terminal Bonus is non-guaranteed and We may pay it upon the death of the Life Assured, upon an early payout of the Death Benefit due to Terminal Illness or surrender of the Policy.
For more details, please refer to the section on "Non-guaranteed Bonus Payable".
### 2.3 CASH SURRENDER VALUE
For single premium payment term, Your Policy will acquire a cash value upon the inception of the Policy and upon receipt of the Single Premium.
For limited premium payment term, Your Policy will acquire a cash value from the start of the:
- 2nd Policy Year for Policy with 3 years premium payment term; or
- 3rd Policy Year for Policy with 5, 10, 15, 20 or 25 years premium payment term;
as long as premiums are paid up-to-date.
The Guaranteed Cash Surrender Value is equivalent to the Total Premiums Paid as at the end of the Accumulation Period or the end of:
(a) 8th Policy Year for Policy with single premium payment term;
(b) 13th Policy Year for Policy with 3 years premium payment term;
(c) 15th Policy Year for Policy with 5, 10 or 15 years premium payment term; or
(d) 25th Policy Year for Policy with 20 or 25 years premium payment term;
whichever is earliest.
The Guaranteed Cash Surrender Value will increase at 0.25% p.a. (compounded) starting from the 5th Policy Year after the end of the Accumulation Period.
The Total Surrender Value consists of the Basic Cash Value, i.e. Guaranteed Cash Surrender Value and Terminal Bonus (if any). Please refer to the Policy Illustration for the illustrated Cash Surrender Value You may get 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.
### 2.4 INSURANCE COVERAGE AVAILABLE
#### A. Death Benefit
If the Life Assured dies while the Policy is in force, the Death Benefit payable will be the sum of:
(1) The higher of:
(i) 101% of Total Premiums Paid for the basic plan up to the date of death (excluding advance Premiums and Premiums for Supplementary Benefits (if any) attached to the Policy) or
(ii) the Guaranteed Cash Surrender Value;
(2) any Terminal Bonus as declared by Us; and
(3) any reinvested Yearly Income and Booster Bonus with non-guaranteed interest (if not previously withdrawn);
less any amount You owe Us.
#### B. Terminal Illness Benefit
If the Life Assured is diagnosed as suffering from a Terminal Illness while the Policy is in force, We will pay the Terminal Illness Benefit in one lump sum, as an early payout 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.
#### C. Supplementary Benefits
While the Policy is in force, You may request to add additional Supplementary Benefits to Your Policy, subject to Our terms and conditions and provided the Supplementary Benefits are available at the point of Your application. You have to pay extra premiums 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.
---
[p.3]
## 3. PLAN FEATURES
### 3.1 ELIGIBILITY
#### Life Assured Entry Age (Age-Next-Birthday "ANB" basis)
| Premium Payment Term (year) | Accumulation Period (year) | Payment method other than SRS | | SRS | |
| --- | --- | --- | --- | --- | --- |
| | | Entry Age (ANB) | | Entry Age (ANB) | |
| | | Minimum | Maximum | Minimum | Maximum |
| Single Premium (1) | 2 - 20 | | 70 | 19^ | 70^ |
| 3 | 0 - 20 | NA | NA | | |
| 5 | | | | | |
| 10 | | 1 | 65 | | |
| 15 | | | 60 | | |
| 20 | | | 55 | | |
| 25 | | | 50 | | |
^ Subject to prevailing SRS Guidelines
At the start of the Plan, You may choose a:
- Single premium payment term; or
- Limited premium payment term of 3 years, 5 years, 10 years, 15 years, 20 years or 25 years,
subject to entry age + premium payment term ≤ 75 ANB; and
- Accumulation Period up to 20 years (in multiple of 1 year), subject to entry age + premium payment term + Accumulation Period ≤ 80 ANB.
Note: Accumulation Period is the period from the end of the premium payment term until the first payment of Yearly Income.
#### Assured/Policyholder Entry Age (Age-Next-Birthday "ANB" basis)
| Entry Age (ANB) | |
| --- | --- |
| Minimum | Maximum |
| 17 | 99 |
Ownership basis: Single Life Policy (where the Life Assured is the Policyholder) or Third Party Policy (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).
For Policy funded by SRS monies, the Policyholder must be the Life Assured covered under the Policy (Single Life Policy).
### 3.2 PREMIUMS
Premium rates are guaranteed throughout the premium payment term.
You may choose to pay Your basic premiums in a single payment or with regular payment either monthly, quarterly, half-yearly or yearly, via the following premium payment methods:
For single payment:
- Cash, Cheque, Bank Draft or SRS only.
For regular payment:
- 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).
- For renewal premiums: 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 REINVESTED YEARLY INCOME AND BOOSTER BONUS
Where applicable, You may choose to either fully or partially withdraw the Yearly Income and Booster Bonus (if any) that has been reinvested with Us. You are allowed to withdraw Your reinvested Yearly Income and Booster Bonus (if any) with earned 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 lower.
For Policy funded by SRS monies, the withdrawn Yearly Income and Booster Bonus (if any) would be credited back to the SRS account as per prevailing SRS Guidelines.
### 3.4 SURRENDER OF THE PLAN
While Your Policy is in force and has acquired cash value, 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 end 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 after the partial surrender will be reduced accordingly and You will receive the reduced Yearly Income and Booster Bonus (if any) during the Income Payout Period.
For Policy funded with SRS monies, the lump sum payment will be credited back to the SRS account as per prevailing SRS Guidelines.
### 3.5 POLICY LOAN
You may opt for a Policy Loan of up to 65% of the Cash Surrender Value less any amount You owe 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.
Policy loan is not applicable for policies that are funded by SRS monies.
---
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## 4. SINGAPORE LIFE LTD.'S PARTICIPATING FUND
### 4.1 NON-GUARANTEED BONUS PAYABLE
We distribute a share of Our Participating Fund profit to You in the form of bonus payments as follows:
#### Cash Bonus
We may declare a Cash Bonus rate every year starting from the end of the Accumulation Period. The Cash Bonus rate will be used to determine the amount of Cash Bonus that will be paid yearly, with the Guaranteed Cash Benefit.
#### Booster Bonus
We may declare a Booster Bonus rate every policy year starting from the Policy Anniversary immediately following:
i. the date on which the Life Assured reached age 60 at next birthday; or
ii. the end of the 20th Policy Year after the Accumulation Period ends,
whichever is later. The Booster Bonus rate will be used to determine the amount of Booster Bonus that will be paid.
#### Terminal Bonus
This is a payment to be determined by Us which may be credited to You upon surrender of the Policy, death of the Life Assured or upon an early payout of the Death Benefit.
The Terminal Bonus rate# for death or surrender of the Policy can be found in Appendix A.
# Terminal Bonus rate indicated in Appendix A is 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.
The Cash Bonus, Booster Bonus and Terminal Bonus rates 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 future 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 Plan
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.
#### 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.
---
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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.
#### 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 Participating 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 and the shareholders' share of profits as well as other costs that may be incurred in managing the fund.
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#### 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, 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 Terminal Bonus rates may be altered.
#### Past 3 Years Bonus Rates
##### Cash Bonus
Past experience for Cash Bonus declaration is presently not available.
##### Booster Bonus
Past experience for Booster Bonus declaration is presently not available.
##### Terminal Bonus – As a % of Total Premiums Paid for the basic plan
Past experience for Terminal Bonus declaration is presently not available.
Past performance is not necessarily indicative of future performance.
#### 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 costs / 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.
---
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## 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
This Policy shall end:
(a) on the date the Life Assured dies;
(b) on the date the Death Benefit or the Terminal Illness Benefit is paid in full;
(c) upon the expiry of Grace Period without payment of premium due;
(d) upon the acceptance of Your application to end this Policy; or
(e) upon any other event which results in Policy to end as set out in this Policy;
whichever is earliest.
If You write to Us to end Your Policy, there will not be any prorated refund of Premium(s) and Your Policy will end from the premium due date immediately following the date We accept Your written request to end the Policy.
### 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 before the date of death.
ii. Terminal Illness in the presence of HIV infection is excluded.
You are advised to read the policy contract for the full list of exclusions.
### Claims
We shall pay any benefits under the Policy 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 We have received full premium.
Please contact Your Financial Adviser Representative or visit https://singlife.com/en/make-a-claim/ for the claim procedures.
### Free Look
You may cancel your policy by writing to us within 14 days after you received the policy documents. We will refund the premium(s) you paid (without interest) after deducting any expenses we spent in issuing the policy, after we have received the written notification for cancellation.
If the policy is sent to you by post or electronically, we will consider it received 7 days after the date sent.
### 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
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 websites (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.
---
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---
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## APPENDIX A – TERMINAL BONUS
### Terminal Bonus for Death or Surrender (% of Total Premium Paid) at the illustrated investment rate of return of 4.25%
#### Premium Payment Term: Single Premium, 3 and 5 years
| Policy Year | Premium Term + Accumulation Period | | | | | | | | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| 1 to 10 | 0% to 1% | 0% to 1% | 0% to 3% | 0% to 5% | 0% to 7% | 0% to 9% | 0% to 11% | 0% to 13% |
| 11 to 20 | 1% to 2% | 1% to 2% | 3% to 4% | 5% to 6% | 7% to 8% | 9% to 10% | 11% to 12% | 13% to 14% |
| 21 to 30 | 2% to 3% | 2% to 3% | 4% to 5% | 6% to 8% | 8% to 10% | 10% to 12% | 12% to 15% | 14% to 17% |
| 31 to 40 | 3% to 4% | 3% to 4% | 5% to 7% | 8% to 10% | 10% to 13% | 13% to 16% | 15% to 19% | 17% to 22% |
| 41 to 50 | 4% to 5% | 4% to 5% | 7% to 9% | 10% to 13% | 13% to 17% | 16% to 20% | 19% to 24% | 22% to 28% |
| 51 to 60 | 5% to 6% | 5% to 6% | 9% to 11% | 13% to 16% | 17% to 21% | 21% to 26% | 25% to 31% | 29% to 36% |
| 61 to 70 | 6% to 8% | 6% to 8% | 12% to 15% | 17% to 21% | 22% to 27% | 27% to 34% | 32% to 40% | 37% to 46% |
| 71 to 80 | 8% to 10% | 8% to 10% | 15% to 19% | 22% to 27% | 28% to 35% | 35% to 43% | 41% to 51% | 47% to 59% |
| 81 to 90 | 11% to 13% | 11% to 13% | 19% to 24% | 28% to 35% | 36% to 45% | 44% to 56% | 53% to 66% | 61% to 76% |
| 91 to 100 | 14% to 17% | 14% to 17% | 25% to 31% | 36% to 45% | 46% to 58% | 57% to 71% | 68% to 85% | 78% to 98% |
| 101 to 110 | 18% to 22% | 18% to 22% | 32% to 40% | 46% to 57% | 59% to 74% | 73% to 91% | 87% to 109% | 100% to 125% |
| 111 to 119 | 23% to 28% | 23% to 28% | 41% to 50% | 59% to 72% | 76% to 93% | 94% to 114% | 111% to 136% | 128% to 156% |
| Policy Year | Premium Term + Accumulation Period | | | | | | | | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 |
| 1 to 10 | 0% to 13% | 0% to 13% | 0% to 13% | 0% to 13% | 0% to 13% | 0% to 13% | 0% to 13% | 0% to 13% |
| 11 to 20 | 15% to 16% | 15% to 19% | 15% to 21% | 15% to 23% | 15% to 25% | 15% to 27% | 15% to 29% | 15% to 31% |
| 21 to 30 | 17% to 19% | 19% to 22% | 21% to 24% | 23% to 26% | 25% to 29% | 27% to 31% | 29% to 34% | 31% to 36% |
| 31 to 40 | 20% to 25% | 22% to 28% | 25% to 31% | 27% to 34% | 30% to 37% | 32% to 40% | 34% to 43% | 37% to 46% |
| 41 to 50 | 25% to 32% | 28% to 36% | 32% to 40% | 35% to 43% | 38% to 48% | 41% to 52% | 44% to 55% | 48% to 59% |
| 51 to 60 | 33% to 41% | 37% to 46% | 41% to 51% | 45% to 56% | 49% to 61% | 53% to 66% | 57% to 71% | 61% to 76% |
| 61 to 70 | 42% to 52% | 47% to 59% | 52% to 65% | 57% to 72% | 63% to 78% | 68% to 85% | 73% to 91% | 78% to 98% |
| 71 to 80 | 54% to 67% | 60% to 75% | 67% to 84% | 73% to 92% | 80% to 100% | 87% to 109% | 93% to 117% | 100% to 125% |
| 81 to 90 | 69% to 86% | 77% to 97% | 86% to 107% | 94% to 118% | 103% to 128% | 111% to 139% | 120% to 150% | 128% to 160% |
| 91 to 100 | 88% to 111% | 99% to 124% | 110% to 137% | 121% to 151% | 132% to 165% | 143% to 178% | 153% to 192% | 165% to 206% |
| 101 to 110 | 113% to 142% | 127% to 159% | 141% to 176% | 154% to 193% | 169% to 211% | 183% to 228% | 197% to 246% | 211% to 263% |
| 111 to 119 | 145% to 177% | 163% to 198% | 180% to 220% | 198% to 241% | 216% to 263% | 234% to 285% | 252% to 307% | 270% to 329% |
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| Policy Year | Premium Term + Accumulation Period | | | | | | | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| | 19 | 20 | 21 | 22 | 23 | 24 | 25 |
| 1 to 10 | 0% to 13% | 0% to 13% | 0% to 13% | 0% to 13% | 0% to 13% | 0% to 13% | 0% to 13% |
| 11 to 20 | 15% to 34% | 15% to 36% | 15% to 36% | 15% to 36% | 15% to 36% | 15% to 36% | 15% to 36% |
| 21 to 30 | 34% to 39% | 36% to 41% | 38% to 43% | 38% to 46% | 38% to 48% | 38% to 51% | 38% to 53% |
| 31 to 40 | 40% to 49% | 42% to 52% | 44% to 56% | 47% to 59% | 49% to 62% | 52% to 65% | 54% to 68% |
| 41 to 50 | 51% to 63% | 54% to 67% | 57% to 71% | 60% to 75% | 63% to 79% | 66% to 83% | 70% to 87% |
| 51 to 60 | 65% to 81% | 69% to 86% | 73% to 91% | 77% to 96% | 81% to 102% | 85% to 106% | 89% to 112% |
| 61 to 70 | 83% to 104% | 88% to 111% | 94% to 117% | 99% to 123% | 104% to 130% | 109% to 136% | 114% to 143% |
| 71 to 80 | 107% to 134% | 113% to 142% | 120% to 150% | 127% to 158% | 133% to 167% | 140% to 175% | 147% to 183% |
| 81 to 90 | 137% to 171% | 145% to 181% | 154% to 192% | 162% to 203% | 171% to 213% | 179% to 224% | 188% to 235% |
| 91 to 100 | 176% to 219% | 186% to 232% | 197% to 246% | 208% to 260% | 219% to 273% | 230% to 287% | 241% to 301% |
| 101 to 110 | 225% to 281% | 238% to 298% | 252% to 315% | 266% to 332% | 280% to 350% | 294% to 367% | 308% to 385% |
| 111 to 119 | 288% to 351% | 305% to 372% | 323% to 394% | 341% to 415% | 359% to 437% | 376% to 459% | 395% to 481% |
#### Premium Payment Term: 10, 15, 20 and 25 years
| Policy Year | Premium Term + Accumulation Period | | | | | | | | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 |
| 1 to 10 | 0% to 6% | 0% to 6% | 0% to 6% | 0% to 6% | 0% to 6% | 0% to 6% | 0% to 6% | 0% to 6% |
| 11 to 20 | 6% to 6% | 7% to 7% | 7% to 8% | 7% to 9% | 7% to 10% | 7% to 11% | 7% to 12% | 7% to 13% |
| 21 to 30 | 6% to 8% | 7% to 9% | 8% to 10% | 9% to 11% | 10% to 12% | 11% to 13% | 12% to 14% | 13% to 15% |
| 31 to 40 | 8% to 10% | 9% to 11% | 10% to 13% | 11% to 14% | 12% to 15% | 13% to 17% | 15% to 18% | 16% to 20% |
| 41 to 50 | 10% to 13% | 12% to 15% | 13% to 16% | 14% to 18% | 16% to 20% | 17% to 22% | 19% to 24% | 20% to 25% |
| 51 to 60 | 13% to 16% | 15% to 19% | 17% to 21% | 19% to 23% | 20% to 26% | 22% to 28% | 24% to 30% | 26% to 33% |
| 61 to 70 | 17% to 21% | 19% to 24% | 22% to 27% | 24% to 30% | 26% to 33% | 29% to 36% | 31% to 39% | 34% to 42% |
| 71 to 80 | 22% to 27% | 25% to 31% | 28% to 35% | 31% to 39% | 34% to 42% | 37% to 46% | 40% to 50% | 43% to 54% |
| 81 to 90 | 28% to 35% | 32% to 40% | 36% to 45% | 40% to 49% | 43% to 54% | 47% to 59% | 51% to 64% | 55% to 69% |
| 91 to 100 | 36% to 45% | 41% to 51% | 46% to 57% | 51% to 63% | 56% to 70% | 61% to 76% | 66% to 83% | 71% to 89% |
| 101 to 110 | 46% to 58% | 52% to 66% | 59% to 73% | 65% to 81% | 71% to 89% | 78% to 98% | 85% to 106% | 91% to 114% |
| 111 to 119 | 59% to 72% | 67% to 82% | 75% to 92% | 83% to 102% | 92% to 112% | 100% to 122% | 108% to 132% | 117% to 142% |
| Policy Year | Premium Term + Accumulation Period | | | | | | | | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| | 19 | 20 | 21 | 22 | 23 | 24 | 25 |
| 1 to 10 | 0% to 13% | 0% to 13% | 0% to 13% | 0% to 13% | 0% to 13% | 0% to 13% | 0% to 13% |
| 11 to 20 | 15% to 34% | 15% to 36% | 15% to 36% | 15% to 36% | 15% to 36% | 15% to 36% | 15% to 36% |
| 21 to 30 | 34% to 39% | 36% to 41% | 38% to 43% | 38% to 46% | 38% to 48% | 38% to 51% | 38% to 53% |
| 31 to 40 | 40% to 49% | 42% to 52% | 44% to 56% | 47% to 59% | 49% to 62% | 52% to 65% | 54% to 68% |
| 41 to 50 | 51% to 63% | 54% to 67% | 57% to 71% | 60% to 75% | 63% to 79% | 66% to 83% | 70% to 87% |
| 51 to 60 | 65% to 81% | 69% to 86% | 73% to 91% | 77% to 96% | 81% to 102% | 85% to 106% | 89% to 112% |
| 61 to 70 | 83% to 104% | 88% to 111% | 94% to 117% | 99% to 123% | 104% to 130% | 109% to 136% | 114% to 143% |
| 71 to 80 | 107% to 134% | 113% to 142% | 120% to 150% | 127% to 158% | 133% to 167% | 140% to 175% | 147% to 183% |
| 81 to 90 | 137% to 171% | 145% to 181% | 154% to 192% | 162% to 203% | 171% to 213% | 179% to 224% | 188% to 235% |
| 91 to 100 | 176% to 219% | 186% to 232% | 197% to 246% | 208% to 260% | 219% to 273% | 230% to 287% | 241% to 301% |
| 101 to 110 | 225% to 281% | 238% to 298% | 252% to 315% | 266% to 332% | 280% to 350% | 294% to 367% | 308% to 385% |
| 111 to 119 | 288% to 351% | 305% to 372% | 323% to 394% | 341% to 415% | 359% to 437% | 376% to 459% | 395% to 481% |
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#### Premium Payment Term: 10, 15, 20 and 25 years
| Policy Year | Premium Term + Accumulation Period | | | | | | | | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 |
| 1 to 10 | 0% to 6% | 0% to 6% | 0% to 6% | 0% to 6% | 0% to 6% | 0% to 6% | 0% to 6% | 0% to 6% |
| 11 to 20 | 6% to 6% | 7% to 7% | 7% to 8% | 7% to 9% | 7% to 10% | 7% to 11% | 7% to 12% | 7% to 13% |
| 21 to 30 | 6% to 8% | 7% to 9% | 8% to 10% | 9% to 11% | 10% to 12% | 11% to 13% | 12% to 14% | 13% to 15% |
| 31 to 40 | 8% to 10% | 9% to 11% | 10% to 13% | 11% to 14% | 12% to 15% | 13% to 17% | 15% to 18% | 16% to 20% |
| 41 to 50 | 10% to 13% | 12% to 15% | 13% to 16% | 14% to 18% | 16% to 20% | 17% to 22% | 19% to 24% | 20% to 25% |
| 51 to 60 | 13% to 16% | 15% to 19% | 17% to 21% | 19% to 23% | 20% to 26% | 22% to 28% | 24% to 30% | 26% to 33% |
| 61 to 70 | 17% to 21% | 19% to 24% | 22% to 27% | 24% to 30% | 26% to 33% | 29% to 36% | 31% to 39% | 34% to 42% |
| 71 to 80 | 22% to 27% | 25% to 31% | 28% to 35% | 31% to 39% | 34% to 42% | 37% to 46% | 40% to 50% | 43% to 54% |
| 81 to 90 | 28% to 35% | 32% to 40% | 36% to 45% | 40% to 49% | 43% to 54% | 47% to 59% | 51% to 64% | 55% to 69% |
| 91 to 100 | 36% to 45% | 41% to 51% | 46% to 57% | 51% to 63% | 56% to 70% | 61% to 76% | 66% to 83% | 71% to 89% |
| 101 to 110 | 46% to 58% | 52% to 66% | 59% to 73% | 65% to 81% | 71% to 89% | 78% to 98% | 85% to 106% | 91% to 114% |
| 111 to 119 | 59% to 72% | 67% to 82% | 75% to 92% | 83% to 102% | 92% to 112% | 100% to 122% | 108% to 132% | 117% to 142% |
| Policy Year | Premium Term + Accumulation Period | | | | | | | | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 |
| 1 to 10 | 0% to 6% | 0% to 6% | 0% to 6% | 0% to 6% | 0% to 6% | 0% to 6% | 0% to 6% | 0% to 6% |
| 11 to 20 | 7% to 14% | 7% to 15% | 7% to 16% | 7% to 16% | 7% to 16% | 7% to 16% | 7% to 16% | 7% to 16% |
| 21 to 30 | 14% to 16% | 15% to 18% | 16% to 19% | 17% to 20% | 17% to 21% | 17% to 22% | 17% to 23% | 17% to 24% |
| 31 to 40 | 17% to 21% | 18% to 23% | 19% to 24% | 20% to 26% | 21% to 27% | 23% to 28% | 24% to 30% | 25% to 31% |
| 41 to 50 | 22% to 27% | 23% to 29% | 25% to 31% | 26% to 33% | 28% to 35% | 29% to 37% | 31% to 38% | 32% to 40% |
| 51 to 60 | 28% to 35% | 30% to 38% | 32% to 40% | 34% to 42% | 36% to 44% | 37% to 47% | 39% to 49% | 41% to 52% |
| 61 to 70 | 36% to 45% | 38% to 48% | 41% to 51% | 43% to 54% | 46% to 57% | 48% to 60% | 50% to 63% | 53% to 66% |
| 71 to 80 | 46% to 58% | 49% to 62% | 52% to 65% | 55% to 69% | 59% to 73% | 62% to 77% | 65% to 81% | 68% to 85% |
| 81 to 90 | 59% to 74% | 63% to 79% | 67% to 84% | 71% to 89% | 75% to 94% | 79% to 99% | 83% to 104% | 87% to 109% |
| 91 to 100 | 76% to 95% | 81% to 102% | 86% to 108% | 91% to 114% | 96% to 120% | 101% to 127% | 106% to 133% | 111% to 139% |
| 101 to 110 | 98% to 122% | 104% to 130% | 110% to 138% | 117% to 146% | 123% to 154% | 130% to 162% | 136% to 170% | 143% to 178% |
| 111 to 119 | 125% to 152% | 133% to 163% | 141% to 172% | 150% to 183% | 158% to 193% | 166% to 203% | 174% to 213% | 183% to 223% |
| Policy Year | Premium Term + Accumulation Period | | | | | | | | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 |
| 1 to 10 | 0% to 6% | 0% to 6% | 0% to 6% | 0% to 6% | 0% to 6% | 0% to 6% | 0% to 6% | 0% to 6% |
| 11 to 20 | 7% to 16% | 7% to 16% | 7% to 16% | 7% to 16% | 7% to 16% | 7% to 16% | 7% to 16% | 7% to 16% |
| 21 to 30 | 17% to 24% | 17% to 24% | 17% to 24% | 17% to 24% | 17% to 24% | 17% to 24% | 17% to 24% | 17% to 24% |
| 31 to 40 | 25% to 31% | 25% to 31% | 25% to 31% | 25% to 31% | 25% to 31% | 25% to 31% | 25% to 31% | 25% to 31% |
| 41 to 50 | 32% to 40% | 32% to 40% | 32% to 40% | 32% to 40% | 32% to 40% | 32% to 40% | 32% to 40% | 32% to 40% |
| 51 to 60 | 41% to 52% | 41% to 52% | 41% to 52% | 41% to 52% | 41% to 52% | 41% to 52% | 41% to 52% | 41% to 52% |
| 61 to 70 | 53% to 66% | 53% to 66% | 53% to 66% | 53% to 66% | 53% to 66% | 53% to 66% | 53% to 66% | 53% to 66% |
| 71 to 80 | 68% to 85% | 68% to 85% | 68% to 85% | 68% to 85% | 68% to 85% | 68% to 85% | 68% to 85% | 68% to 85% |
| 81 to 90 | 87% to 109% | 87% to 109% | 87% to 109% | 87% to 109% | 87% to 109% | 87% to 109% | 87% to 109% | 87% to 109% |
| 91 to 100 | 111% to 139% | 111% to 139% | 111% to 139% | 111% to 139% | 111% to 139% | 111% to 139% | 111% to 139% | 111% to 139% |
| 101 to 110 | 143% to 178% | 143% to 178% | 143% to 178% | 143% to 178% | 143% to 178% | 143% to 178% | 143% to 178% | 143% to 178% |
| 111 to 119 | 183% to 223% | 183% to 223% | 183% to 223% | 183% to 223% | 183% to 223% | 183% to 223% | 183% to 223% | 183% to 223% |
---
[p.13]
| Policy Year | Premium Term + Accumulation Period | | | | | | | | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 |
| 1 to 10 | 0% to 6% | 0% to 6% | 0% to 6% | 0% to 6% | 0% to 6% | 0% to 6% | 0% to 6% | 0% to 6% |
| 11 to 20 | 7% to 16% | 7% to 16% | 7% to 16% | 7% to 16% | 7% to 16% | 7% to 16% | 7% to 17% | 7% to 17% |
| 21 to 30 | 17% to 24% | 17% to 24% | 17% to 24% | 17% to 24% | 17% to 24% | 18% to 25% | 18% to 25% | 18% to 25% |
| 31 to 40 | 25% to 31% | 25% to 31% | 25% to 31% | 25% to 31% | 25% to 31% | 25% to 32% | 26% to 32% | 26% to 32% |
| 41 to 50 | 32% to 40% | 32% to 40% | 32% to 40% | 32% to 40% | 32% to 40% | 32% to 41% | 33% to 41% | 33% to 42% |
| 51 to 60 | 41% to 52% | 41% to 52% | 41% to 52% | 41% to 52% | 41% to 52% | 42% to 52% | 42% to 53% | 43% to 54% |
| 61 to 70 | 53% to 66% | 53% to 66% | 53% to 66% | 53% to 66% | 53% to 66% | 54% to 67% | 54% to 68% | 55% to 69% |
| 71 to 80 | 68% to 85% | 68% to 85% | 68% to 85% | 68% to 85% | 68% to 85% | 69% to 86% | 70% to 87% | 70% to 88% |
| 81 to 90 | 87% to 109% | 87% to 109% | 87% to 109% | 87% to 109% | 87% to 109% | 88% to 110% | 89% to 111% | 90% to 113% |
| 91 to 100 | 111% to 139% | 111% to 139% | 111% to 139% | 111% to 139% | 111% to 139% | 113% to 141% | 114% to 143% | 116% to 145% |
| 101 to 110 | 143% to 178% |
---
### https://lifeinsurance.com.sg/api/product/singlife/singlife-heritage-income/summary.md
# 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.*
---
### https://lifeinsurance.com.sg/api/product/singlife/singlife-heritage-income/wording.md
# PRODUCT SUMMARY
## Singlife Heritage Income
[p.1]
# 1 DESCRIPTION OF PRODUCT
Singlife Heritage Income is a participating whole life insurance plan designed to support legacy planning. It offers flexibility of Yearly or Monthly Income payouts and the option to reinvest payouts for long-term wealth accumulation.
Note: "You" / "Your" relates to the Policyholder. "We" / "Us" / "Our" relates to Singapore Life Ltd.
## Product At-a-glance
- Guaranteed issuance upon application. No medical underwriting is required.
- Choose to save towards Your savings goal with a Single Premium or limited premium payment term of 3 or 5 years, subject to Entry Age + Premium Payment Term up to a maximum of 80 Age Next Birthday (ANB).
- For limited premium payment term Policy, choose to pay either monthly, quarterly, half-yearly or yearly.
- Enjoy flexibility in the choice of Your Accumulation Period that best suits Your needs, subject to entry age + premium payment term + Accumulation Period up to maximum of 85 ANB.
- Receive Yearly Income (i.e. Guaranteed Cash Benefit and Cash Bonus) at the end of every policy year during the Income Payout Period for as long as the Life Assured is alive or up to a maximum of 150 policy years and while the Policy is in force.
- Receive non-guaranteed Loyalty Bonus every 5 years, starting 5 years after the end of Accumulation Period at a 5-year interval.
- Benefit from the flexibility to receive the Yearly Income / Monthly Income and Loyalty Bonus (if any) or reinvest with Us at the prevailing non-guaranteed interest rate.
- Flexibility to withdraw any reinvested Yearly Income and Loyalty Bonus (if any) with interest should the need arise.
- Enjoy peace of mind with the Death and Terminal Illness coverage offered under this Plan.
- Guaranteed Cash Surrender Value plus the Total Guaranteed Cash Benefit will be at least equal to the Total Premiums Paid 2 years after Accumulation Period ends.
- Flexibility to change the Life Assured of Your Policy to meet Your family or Your needs.
- Option to appoint a Secondary Life Assured to ensure continuity of Policy.
- Option to distribute the Policy into sub-policies for legacy planning.
- Add on Supplementary Benefit(s) for the extra peace of mind where available.
[p.1]
# 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 YEARLY INCOME
We will pay You a Yearly Income at the end of every Policy Year during the Income Payout Period, less any amount You owe Us, as long as the Life Assured is alive and while the Policy is in force.
The Yearly Income consists of:
(a) Guaranteed Cash Benefit at 3.30% of the Sum Assured for first 2 years and 2.20% thereafter, up to Policy Year 80 or 120 ANB*, whichever is later; after that it will be 0.50% each year, and
(b) Cash Bonus (non-guaranteed) starting 2 years after end of Accumulation Period, if any, at 1.60%^ of the Sum Assured, and increasing by 0.40%^ at every 5 years interval, up to maximum of 3.20%^ until Policy Year 80 or 120 ANB*, whichever is later; after that it will be increased to 4.90%^.
The first Yearly Income will be payable starting from the end of the Accumulation Period.
### Guaranteed Cash Benefit and Cash Bonus Rates as a % of Sum Assured by Income Payout Year:
| Income Payout Year | Guaranteed Cash Benefit | Cash Bonus^ |
|---|---|---|
| 1 - 2 | 3.30% | 0% |
| 3 - 7 | 2.20% | 1.60% |
| 8 - 12 | 2.20% | 2.00% |
| 13 - 17 | 2.20% | 2.40% |
| 18 - 22 | 2.20% | 2.80% |
| 23 until Policy Year 80 or 120 ANB* | 2.20% | 3.20% |
| Thereafter | 0.50% | 4.90% |
* Based on original Life Assured's ANB
^ Cash Bonus rate indicated above is based on an illustrated investment rate of return of 4.25% per annum (p.a.) which is the higher rate as illustrated in the Policy Illustration. Please refer to the Policy Illustration for further information.
Note: The Sum Assured is used to determine the Guaranteed Cash Benefit, Cash Bonus and Loyalty Bonus and is not the Death Benefit. Please refer to the section on Death Benefit for more details.
You can opt to:
(a) receive the Yearly Income; or
(b) reinvest the Yearly Income with Us at a non-guaranteed interest rate determined by Us;
when You apply for Your Policy.
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.
Before payment of each of the Yearly Income, We will deduct any amount You owe to Us.
The Yearly Income will be payable until the last Policy Anniversary before or on the date on which the Life Assured dies (if there is no Secondary Life Assured), is diagnosed with Terminal Illness or the Policy ends, whichever is earliest.
[p.2]
### 2.1.1 Option to Convert Yearly Income to Monthly Income
You may request to convert Yearly Income to Monthly Income at the point of application or at any time during the policy term, provided the policy remains in force, subject to minimum Sum Assured of SGD150,000. There is no limit to the number of times the payout frequency may be changed; however, any change will only take effect from the next Policy Anniversary.
If the Sum Assured falls below SGD150,000 while on Monthly Income option, the income payout frequency will automatically switch to Yearly Income option with effect from the next Policy Anniversary.
The Monthly Income will be payable during the Income Payout Period, starting from the end of the Accumulation Period, less any amount You owe Us, as long as the Life Assured is alive and while the Policy is in force.
Monthly Income = Monthly Guaranteed Cash Benefit + Monthly Cash Bonus; where
Monthly Guaranteed Cash Benefit = Guaranteed Cash Benefit / 12, and
Monthly Cash Bonus = Cash Bonus / conversion factor, where conversion factor is non-guaranteed and determined by Us.
The conversion factor based on higher and lower illustrated investment return (IRR) is:
| 4.25% | 3.00% |
|---|---|
| 11.81 | 11.90 |
Note: Conversion factor applies to both the Cash Bonus and the Loyalty Bonus when Monthly Income is selected.
If Legacy Distribution Option is exercised, sub-policies and base policies must also meet the minimum Sum Assured of SGD150,000 to be eligible for the conversion of Yearly Income to Monthly Income.
The Monthly Income will be payable until the last monthiversary before or on the date which the Life Assured dies (if there is no Secondary Life Assured), is diagnosed with Terminal Illness or the Policy ends, whichever is earliest.
[p.2-3]
## 2.2 NON-GUARANTEED BONUS FROM SINGAPORE LIFE LTD.'S PARTICIPATING FUND
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.
### 2.2.1 Cash Bonus
We will pay the Cash Bonus starting 2 years after the end of Accumulation Period. The Cash Bonus forms part of the Yearly Income / Monthly Income during the Income Payout Period while the Policy is in force and the Life Assured is alive. The Cash Bonus is a percentage of the Sum Assured based on an illustrated investment rate of return of 4.25% p.a. Cash Bonus is non-guaranteed and depends on the performance of Our Participating Fund.
### 2.2.2 Loyalty Bonus
Loyalty Bonus is non-guaranteed and it may be credited every 5 years, starting 5 years after the end of Accumulation Period at a 5-year interval.
We will pay or reinvest the Loyalty Bonus (if any), following the same option which You have selected for Yearly Income / Monthly Income.
If Monthly Income is selected, We will pay Loyalty Bonus monthly across 12 months once every 5 years.
Monthly Loyalty Bonus = Loyalty Bonus / conversion factor, where conversion factor is non-guaranteed and determined by Us.
The Loyalty Bonus will be payable until the last Policy Anniversary (or last monthiversary for Monthly Income) before or on the date on which the Life Assured dies, is diagnosed with Terminal Illness or the Policy ends, whichever is earliest.
### 2.2.3 Terminal Bonus
Terminal Bonus is non-guaranteed and We may pay it upon the death of the Life Assured, upon an early payout of the Death Benefit due to Terminal Illness or surrender of the Policy.
For more details, please refer to the section on "Non-guaranteed Bonus Payable".
[p.3]
## 2.3 CASH SURRENDER VALUE
For single premium payment term, Your Policy will acquire a cash value upon the inception of the Policy and upon receipt of the Single Premium.
For limited premium payment term, Your Policy will acquire a cash value from the start of the:
- 2nd Policy Year for Policy with 3 years premium payment term; or
- 3rd Policy Year for Policy with 5 years premium payment term;
as long as premiums are paid up-to-date.
The Guaranteed Cash Surrender Value plus the Total Guaranteed Cash Benefit will be at least equal to the Total Premiums Paid 2 years after Accumulation Period ends.
The Guaranteed Cash Surrender Value will be at least equivalent to the Total Premiums Paid at the earliest, from Policy Year 10 onwards.
The Total Surrender Value consists of the Basic Cash Value, i.e. Guaranteed Cash Surrender Value and Terminal Bonus (if any). 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.
[p.3]
## 2.4 INSURANCE COVERAGE AVAILABLE
### A. Death Benefit
If the Life Assured dies while the Policy is in force, the Death Benefit payable will be the sum of:
(a) The higher of:
(i) 101% of Total Premiums Paid for the basic plan up to the date of death (excluding advance Premiums and Premiums for Supplementary Benefits (if any) attached to the Policy) or
(ii) the Guaranteed Cash Surrender Value;
(b) any Terminal Bonus as declared by Us; and
(c) any reinvested Yearly Income / Monthly Income and Loyalty Bonus with non-guaranteed interest (if not previously withdrawn)
less any amount You owe Us.
### B. Terminal Illness Benefit
If the Life Assured is diagnosed as suffering from a Terminal Illness while the Policy is in force, We will pay the Terminal Illness Benefit in one lump sum, as an early payout of the Death Benefit.
"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.
The specialist medical practitioner treating the condition must provide supporting evidence of the condition, possible medical treatment, the prognosis after undergoing the possible medical treatment, and certify that the Life Assured is expected to live for no more than 12 months despite all possible medical intervention. We reserve the right to appoint an independent medical specialist who is an expert in the condition to confirm the diagnosis and prognosis.
Terminal Illness in the presence of Human Immunodeficiency Virus (HIV) infection is excluded.
### C. 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. 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.
[p.4]
# 3 PLAN FEATURES
## 3.1 POLICY TERM
Whole of life or up to maximum of 150 policy years.
## 3.2 ELIGIBILITY
### Life Assured Entry Age (Age-Next-Birthday "ANB" basis)
| Premium Payment Term (year) | Accumulation Period (year) | | Payment Method other than SRS Entry Age (ANB) | | SRS Entry Age (ANB) | |
|---|---|---|---|---|---|---|
| | Minimum | Maximum | Minimum | Maximum | Minimum | Maximum |
| Single Premium (1) | 2 | 3 | 1 | 75 | 19^ | 75^ |
| 3 | 0 | 1 | N/A | N/A | N/A | N/A |
| 5 | | | | | | |
^ Subject to prevailing SRS Guidelines
At the start of the Plan, You may choose a:
- Single premium payment term; or
- Limited premium payment term of 3 years or 5 years,
subject to Entry Age + Premium Payment Term ≤ 80 ANB; and
- Accumulation Period up to 3 years (in multiple of 1 year), subject to Entry Age + Premium Payment term + Accumulation Period ≤ 85 ANB.
Note: Accumulation Period is the period from the end of the premium payment term of the Basic Benefits until the first payment of Yearly Income.
### Assured/Policyholder Entry Age (Age-Next-Birthday "ANB" basis)
| Entry Age (ANB) | |
|---|---|
| Minimum | Maximum |
| 17 | 99 |
Ownership basis: Single Life Policy (where the Life Assured is the Policyholder) or Third Party Policy (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).
For Policy funded by SRS monies, the Policyholder must be the Life Assured covered under the Policy (Single Life Policy).
[p.4-5]
## 3.3 PREMIUMS
Premium rates are guaranteed throughout the premium payment term.
You may choose to pay Your basic premiums in a single payment or with regular payment either monthly, quarterly, half-yearly or yearly, via the following premium payment methods:
For single payment:
- PayNow (via EzSub Web online)
- Bill Payment (DBS/POSB/UOB)
- Interbank Funds Transfer
- Telegraphic transfer (for clients based overseas)
- Supplementary Retirement Scheme (SRS) funds
For regular payment:
Initial premium:
- eGIRO (for all participating banks via EzSub Web online)
- Interbank GIRO (for DBS/POSB bank only)
- PayNow (via EzSub Web online)
- Bill Payment
- Interbank Funds Transfer (for all frequencies of payment)
- Telegraphic transfer (for clients based overseas)
- AXS
- Credit Card – Visa/MasterCard
Renewal premium:
- eGIRO (via MySinglife for all participating banks)
- Interbank GIRO
- PayNow (via MySinglife)
- Bill Payment (DBS/POSB/UOB)
- Interbank Funds Transfer (for all frequencies of payment)
- Telegraphic transfer (for clients based overseas)
- 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.
[p.5]
## 3.4 WITHDRAWAL OF REINVESTED YEARLY INCOME / MONTHLY INCOME AND LOYALTY BONUS
Where applicable, You may choose to either fully or partially withdraw the Yearly Income / Monthly Income and Loyalty Bonus (if any) that has been reinvested with Us. You are allowed to withdraw Your reinvested Yearly Income / Monthly Income and Loyalty Bonus (if any) with earned 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 lower.
The reinvested Yearly Income / Monthly Income and Loyalty Bonus must be withdrawn in one lump sum; there is no option to withdraw Yearly Income / Monthly Income or Loyalty Bonus only.
For Policy funded by SRS monies, the withdrawn Yearly Income / Monthly Income and Loyalty Bonus (if any) would be credited back to the SRS account as per prevailing SRS Guidelines.
[p.5]
## 3.5 SURRENDER OF THE PLAN
While Your Policy is in force and has acquired cash value, 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 end 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 basic plan) and receive the partial Cash Surrender Value in a lump sum. The Sum Assured of the basic plan after the partial surrender will be reduced accordingly and You will receive the reduced Yearly Income / Monthly Income and Loyalty Bonus (if any) during the Income Payout Period.
For Policy funded with SRS monies, the lump sum payment will be credited back to the SRS account as per prevailing SRS Guidelines.
[p.6]
## 3.6 POLICY LOAN
You may opt for a Policy Loan of up to 65% of the Cash Surrender Value less any amounts 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 and is determined by Us from time to time.
Policy loan is not applicable for policies that are funded by SRS monies.
[p.6]
## 3.7 OPTION TO CHANGE LIFE ASSURED
The change of Life Assured is allowed:
(a) after the 1st Policy Year, any number of times;
(b) subject to satisfactory evidence that the new Life Assured has sufficient insurable interest in relation to the Policyholder, it can only be the child (18 ANB and below); and
(c) subject to the new Life Assured meeting the conditions in section 3.2 at effective date of change.
The change of Life Assured is not allowed when:
(a) the Life Assured or the Assured dies;
(b) a claim on the Terminal Illness Benefit is admitted;
(c) a claim has been admitted for any of the Supplementary Benefits covering the Life Assured;
(d) a claim has been admitted to waive the premiums of the basic plan; or
(e) You have applied to convert the Policy to a reduced paid-up policy.
We reserve the right to adjust the premiums in accordance to the new Life Assured subject to the terms and conditions of the Policy. The change of Life Assured will take effect from the Policy Anniversary immediately following the date We accept Your request to change the Life Assured. Once the change of Life Assured is effective, all Supplementary Benefits attached to the Policy will be terminated except for the Supplementary Benefits covering the Assured of a policy where the Assured and Life Assured are not the same person. The action to change the Life Assured cannot be reversed once the change of Life Assured is effective.
If there is any claim submitted on the existing Life Assured before the effective date of the change of Life Assured and the claim is payable, We will pay the claim and void the request for change of Life Assured.
Upon Our acceptance of the new Life Assured for the Policy, all the coverage on the previous Life Assured will cease on the effective date of the change of Life Assured. Once the change of Life Assured comes into effect, We reserve the right not to accept any written notice and proof of claim given to Us on the previous Life Assured(s) regardless if the claim event happened before the change of Life Assured takes effect.
The Change of Life Assured is not available if You paid the Single Premium using funds from SRS.
[p.6]
## 3.8 OPTION TO APPOINT, CHANGE OR REMOVE SECONDARY LIFE ASSURED
You can apply to appoint, change or remove a Secondary Life Assured any number of times:
(a) at policy application or during policy term;
(b) the Secondary Life Assured is You, Your spouse or Your child (18 ANB and below), if the Assured of the Policy is an individual;
(c) subject to the Secondary Life Assured meeting the conditions in section 3.2 at effective date of appointment.
The appointment, change and removal of Secondary Life Assured is not allowed when:
(i) the Life Assured or the Assured dies;
(ii) a claim has been admitted for any of the Supplementary Benefits covering the Life Assured;
(iii) a claim has been admitted to waive the premiums of the basic plan;
(iv) You have applied to convert the Policy to a reduced paid-up policy; or
(v) a beneficiary has been nominated or a trust has been created.
Premiums for the Basic Benefits will remain the same.
If any claim is made on the original Life Assured before the appointment of Secondary Life Assured takes effect and the claim is payable, We will pay the claim and reject the request for appointment of Secondary Life Assured.
The appointment of Secondary Life Assured is not available if You paid the Single Premium using funds from SRS.
[p.6-7]
## 3.9 LEGACY DISTRIBUTION OPTION
You can apply to distribute the Policy into sub-policies before the policy ends. Each sub-policy will be a standalone Policy and must meet the minimum guaranteed surrender value requirement.
This option can only be exercised once, 5 years from the Policy Effective Date, at the earliest.
This option cannot be exercised if:
(a) there is outstanding Policy Loan (including interest);
(b) there are pending claims under the Policy;
(c) a beneficiary has been nominated, a Secondary Life Assured has been appointed or a trust has been created; or
(d) You have applied to convert the Policy to a reduced paid-up policy.
This option is not available if You paid the Single Premium using funds from SRS.
[p.7]
# 4 SINGAPORE LIFE LTD.'S PARTICIPATING FUND
## 4.1 NON-GUARANTEED BONUS PAYABLE
We distribute a share of Our Participating Fund profit to You in the form of bonus payments as follows:
### Cash Bonus
We may declare a Cash Bonus rate every year starting 2 years after the end of Accumulation Period. The Cash Bonus rate will be used to determine the amount of Cash Bonus that will be paid yearly, with the Guaranteed Cash Benefit.
The Cash Bonus is 1.60% of Sum Assured, and increasing by 0.40% at every 5 years interval, up to maximum of 3.20% until policy year 80 or 120 ANB*, whichever is later; after that it will be increased to 4.90% based on an illustrated investment rate of return of 4.25% per annum.
The Cash Bonus is 0.30% of Sum Assured, and increasing by 0.15% at every 5 years interval, up to maximum of 2.60% until policy year 80 or 120 ANB*, whichever is later; after that it will be increased to 2.60% based on an illustrated investment rate of return of 3.00% per annum.
* Based on original Life Assured's ANB
### Loyalty Bonus
We may declare a Loyalty Bonus rate once every 5 years, starting 5 years after the end of Accumulation Period at a 5-year interval. The Loyalty Bonus rate will be used to determine the amount of Loyalty Bonus that will be paid yearly / monthly across 12 months once every 5 years.
### Terminal Bonus
This is a payment to be determined by Us which may be credited to You upon surrender of the Policy, death of the Life Assured or upon an early payout of the Death Benefit.
The Terminal Bonus rate# for death or surrender of the Policy can be found in Appendix A.
#Terminal Bonus rate indicated in Appendix A is 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.
The Cash Bonus, Loyalty Bonus and Terminal Bonus rates 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 future 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.
[p.7]
## 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.
### 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% |
| Real Assets | 7% | 5% |
| Other Assets## | 2% | 3% |
##Other Assets include alternative assets, cash, deposits and money market securities
[p.8]
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 **) x 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.
### 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 Participating 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 and the shareholders' share of profits as well as other costs that may be incurred in managing the fund.
[p.9]
### 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, 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 Terminal Bonus rates may be altered.
### Past 3 Years Bonus Rates
**Cash Bonus**
Past experience for Cash Bonus declaration is presently not available.
**Loyalty Bonus**
Past experience for Loyalty Bonus declaration is presently not available.
**Terminal Bonus – As a % of Total Premiums Paid for the basic plan**
Past experience for Terminal Bonus declaration is presently not available.
Past performance is not necessarily indicative of future performance.
### 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 costs / 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.
[p.9-10]
# 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
This Policy shall end:
(a) on the date the Life Assured dies (if there is no Secondary Life Assured);
(b) the revocation of the Policy;
(c) upon the expiry of Grace Period without payment of premium due;
(d) upon automatic termination under the terms of the Automatic Non-Forfeiture Privilege or Policy Loan clause;
(e) upon the acceptance of Your application to end this Policy;
(f) upon any other event which results in Policy to end as set out in this Policy;
(g) on the date the Death Benefit or the Terminal Illness Benefit is paid in full; or
(h) on the 150th Policy Anniversary of the original Policy Issue Date;
whichever is earliest.
There shall be no refund of any premium paid before the date this Policy ends. If We accept Your request to end this Policy, there shall not be any prorated refund of Premium(s) and Your Policy will end from the premium due date immediately following the date We accept Your request to end this Policy.
If Your Policy is in force at the end of the policy term and no claim for benefits has been made, You will receive the Cash Surrender Value, less any amount You owe Us.
[p.10-11]
## 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 before the date of death.
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.
ii. 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.11]
## Claims
We shall pay any benefits under the Policy 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 We have received full premium.
Please contact Your Financial Adviser Representative or visit https://singlife.com/en/claims for the claim procedures.
## Free Look
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.
If the Policy was sent to You by post, We consider it received 7 days after posting. If the Policy was sent to You electronically, We consider it delivered on the date of transmission.
[p.11]
## 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.
[p.11-12]
## 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 websites (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.12]
# Appendix A – Terminal Bonus
## Terminal Bonus for Death or Surrender (% of Total Premium Paid) at the illustrated investment rate of return of 4.25% p.a.
### Single Premium
| Policy Year | Accumulation Period | |
|---|---|---|
| | 2 | 3 |
| 1 to 10 | 0% to 11% | 0% to 11% |
| 11 to 20 | 11% to 18% | 11% to 19% |
| 21 to 30 | 19% to 24% | 19% to 24% |
| 31 to 40 | 24% to 30% | 25% to 31% |
| 41 to 50 | 31% to 39% | 32% to 40% |
| 51 to 60 | 39% to 49% | 41% to 51% |
| 61 to 70 | 51% to 63% | 52% to 65% |
| 71 to 80 | 65% to 81% | 67% to 83% |
| 81 to 90 | 83% to 103% | 85% to 106% |
| 91 to 100 | 106% to 132% | 109% to 136% |
| 101 to 110 | 136% to 169% | 140% to 174% |
| 111 to 120 | 174% to 217% | 179% to 223% |
| 121 to 130 | 222% to 278% | 229% to 286% |
| 131 to 140 | 285% to 356% | 293% to 366% |
| 141 to 150 | 364% to 455% | 375% to 468% |
[p.13]
### 3-Pay
| Policy Year | Accumulation Period | |
|---|---|---|
| | 0 | 1 |
| 1 to 10 | 0% to 8% | 0% to 9% |
| 11 to 20 | 9% to 16% | 9% to 18% |
| 21 to 30 | 17% to 22% | 18% to 24% |
| 31 to 40 | 23% to 30% | 24% to 32% |
| 41 to 50 | 31% to 40% | 33% to 43% |
| 51 to 60 | 41% to 54% | 44% to 57% |
| 61 to 70 | 55% to 72% | 59% to 77% |
| 71 to 80 | 74% to 97% | 79% to 103% |
| 81 to 90 | 100% to 130% | 106% to 139% |
| 91 to 100 | 134% to 175% | 143% to 186% |
| 101 to 110 | 181% to 236% | 192% to 250% |
| 111 to 120 | 243% to 317% | 258% to 337% |
| 121 to 130 | 326% to 426% | 347% to 452% |
| 131 to 140 | 438% to 572% | 466% to 608% |
| 141 to 150 | 589% to 769% | 626% to 817% |
[p.13]
### 5-Pay
| Policy Year | Accumulation Period | |
|---|---|---|
| | 0 | 1 |
| 1 to 10 | 0% to 7% | 0% to 8% |
| 11 to 20 | 8% to 18% | 8% to 19% |
| 21 to 30 | 19% to 27% | 20% to 29% |
| 31 to 40 | 28% to 37% | 30% to 39% |
| 41 to 50 | 38% to 49% | 40% to 52% |
| 51 to 60 | 50% to 63% | 54% to 67% |
| 61 to 70 | 64% to 80% | 69% to 86% |
| 71 to 80 | 82% to 103% | 88% to 110% |
| 81 to 90 | 105% to 132% | 113% to 141% |
| 91 to 100 | 135% to 169% | 144% to 180% |
| 101 to 110 | 173% to 216% | 185% to 230% |
| 111 to 120 | 221% to 276% | 236% to 295% |
| 121 to 130 | 283% to 354% | 302% to 378% |
| 131 to 140 | 363% to 453% | 387% to 483% |
| 141 to 150 | 464% to 580% | 495% to 619% |
[p.14]
All bonuses are not guaranteed and depend on the performance of Singapore Life Ltd.'s Participating Fund.
[p.14]
---
### https://lifeinsurance.com.sg/api/product/singlife/singlife-legacy-indexed-income/summary.md
# Singlife Legacy
Indexed Income
**Insurer:** Singlife (Singapore Life Ltd.)
**MAS licence:** —
**Insurer product page:** https://singlife.com/content/dam/public/sg/pinnacle/legacy-indexed-income/singlife-legacy-indexed-income-brochure.pdf
## Source wording
- **Effective from:** (not stated in document)
- **Ingested:** 2026-06-05
- **PDF source:** https://singlife.com/content/dam/public/sg/pinnacle/legacy-indexed-income/singlife-legacy-indexed-income-brochure.pdf
- **PDF sha256:** `d1e6f1f6b990541d8b30fe12f4c646dd262fba977db67f9ed815961bc9b9eead`
- **Extraction confidence:** verified
## Extracted facts
### free look
```json
{
"refund_basis": "Not stated in this document."
}
```
### exclusions
```json
[]
```
### mwpa trust
```json
{
"notes": "Not mentioned in this document."
}
```
### cash values
```json
{
"has_cash_value": true,
"non_guaranteed_bonus": {
"available": false,
"bonus_types": []
},
"guaranteed_surrender_value": {
"basis": "Account Value referenced in illustrations but guaranteed surrender value basis not stated in this document.",
"available": false,
"source_page": 8
}
}
```
### policy loan
```json
{}
```
### product type
```json
"universal-life"
```
### underwriting
```json
{
"source_page": 4,
"pre_existing_treatment": "Guaranteed acceptance upon application with no medical underwriting needed."
}
```
### policy basics
```json
{
"minimum_entry_age": {
"basis": "age-next-birthday",
"source_page": 11
},
"maximum_coverage_age": {
"basis": "age-next-birthday",
"years": 120,
"source_page": 4
},
"minimum_policy_term_years": "whole-of-life to age 120 of Life Assured"
}
```
### premium terms
```json
{
"cpf_eligible": {
"srs": false,
"notes": "No mention of CPF or SRS eligibility in this document.",
"special_account": false,
"ordinary_account": false
},
"payment_modes": [
"single",
"annual"
],
"minimum_premium": {
"currency": "USD",
"source_page": 5
},
"premium_term_options": [
{
"label": "Single Premium",
"description": "One-time payment",
"source_page": 5
},
{
"label": "Regular Pay 2 to 20 years",
"description": "Scheduled payments from minimum of 2 years up to 20 years",
"source_page": 5
}
]
}
```
### document metadata
```json
{
"wording_version": "COMP/2026/02/MKT/066",
"product_full_name": "Singlife Legacy Indexed Income",
"insurer_legal_entity": "Singapore Life Ltd.",
"document_published_date": "25 Feb 2026"
}
```
### terminal illness benefit
```json
{
"available": true,
"source_page": 4,
"qualifying_definition": "Not defined in this document."
}
```
---
*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.*
---
### https://lifeinsurance.com.sg/api/product/singlife/singlife-legacy-indexed-income/wording.md
# Singlife Legacy Indexed Income
A life insurance solution that transforms market performance into a tailored income stream, the way you want it.
[p.1]
---
## Income stream plus wealth accumulation on your terms
Singlife Legacy Indexed Income allows you to customise your income stream to support your long-term wealth goals.
Your income is linked to the performance of specially selected indices – including volatility-controlled indices that aim to provide a more stable return. With a built-in floor rate of 0% per annum, your investment will never suffer a negative return.
Another key feature is flexibility and control – you get to decide how much income you want to receive each year, when it begins, and for how long, while additional gains are reinvested for continued growth of your policy value.
For retirement and income needs across different stages of life, Singlife Legacy Indexed Income offers flexibility aligned to your changing priorities.
[p.2]
---
## Key features
### Customise your income payouts
You have the flexibility to plan up to five different income phases¹, each with its own target amount and duration, allowing you to plan your income thoughtfully across life's milestones, with the option to make adjustments as your needs change.
### Keep your policy value growing
During the income payout period, you will receive income based on the performance of your chosen indices. The maximum income amount you can receive in each Policy Year will be up to your chosen Target Yearly Income. Any excess gains in the same Policy Year will be automatically reinvested to support the growth of your policy value.
### Unlock higher growth potential
Earn potentially higher returns² through the Index Account that is linked to the performance of the following indices:
- S&P 500 Index
- S&P 500 Engle 8% VT TCA Index
- Nasdaq-100 Engle 8% Index
- UBS Global Multi Asset Engle 8% Index
- UBS Gold Engle 8% Index
[p.3]
---
## Other features and benefits
### Protection from market downturn
The guaranteed floor rate of 0% p.a. on the Index Account ensures that your investments will not suffer from a negative return, even in a market downturn.
### Guaranteed Loyalty Bonus
Unlock an additional crediting rate of 0.70% p.a. on the Index Account from the 11th Policy Year onwards (up to age 120 of the Life Assured) to further support the potential growth of your policy value.
### Penalty-free partial withdrawals³
Enjoy flexibility to make penalty-free withdrawals upon a key life stage event or if you need funds for any other unexpected situation.
### Life Insurance Coverage
Provides lifelong protection against death and Terminal Illness.
### Flexible premium payment term⁵
Choose to pay a lump sum in a single premium payment or pay annually over a period ranging from 2 to 20 years⁶.
### Option to switch Life Assured
Have the option to switch the Life Assured⁴ to meet your changing needs.
### Automatic Premium Spread
Option to spread the net premium allocated to the Index Account over 12 months to smoothen the impact of market fluctuations for a more stable long-term return from the Index Account.
### Hassle free application
Guaranteed acceptance upon application with no medical underwriting needed.
[p.4]
---
## Get started with Singlife Legacy Indexed Income
### STEP 01
Decide your preferred planned premium term⁶
**How often do you plan to pay?**
- One-time payment
- Scheduled payments from minimum of 2 years up to 20 years
### STEP 02
Choose your preferred Income Option
**Decide whether you want to receive the same yearly amount throughout the income payout period, or different amounts for different periods within the income payout period**
- Level Income
- Variable Income
### STEP 03
Choose your Target Yearly Income
**The annual amount you wish to receive in each Policy Year during the income payout period**
Target Yearly Income: US$________
Minimum Target Yearly Income is US$ 3,600
### STEP 04
Choose your Income Start Year⁷
**When you would like to start receiving your income**
| Planned Premium Term | Income Start Year Options |
|---|---|
| 1 to 3 | Policy Year 2 to 20 |
| 4 to 6 | Policy Year 3 to 20 |
| 7 to 10 | Policy Year 4 to 20 |
| 11 to 20 | Policy Year 7 to 20 |
[p.5]
### STEP 05
Choose your Target Income Period⁸
**For how long you wish to receive income, starting from your chosen Income Start Year**
- min: 10 years
- max: Age 120
### STEP 06
Select your Index Account Composition
**Choose up to 5 Index Sub-accounts, with allocations in multiples of 10% and total allocation across all chosen Index Sub-accounts equals to 100%**
- S&P 500 Index Sub-account
- S&P 500 Engle 8% VT TCA Index Sub-account
- Nasdaq-100 Engle 8% Index Sub-account
- UBS Global Multi Asset Engle 8% Index Sub-account
- UBS Gold Engle 8% Index Sub-account
### STEP 07
Decide on Automatic Premium Spread
**Do you want the net premium allocated to the Index Account to be spread into 12 portions and transferred to the Index Sub-accounts over a 12-month period?**
- Yes
- No
[p.6]
---
## Your Index Account explained
### Account Value of the Policy
The Premiums you pay (One-time or scheduled payment) → Deduct Premium Charges → Net Premium → Index Account → Deduct Monthly Charges → Account Value of the Policy
### Index Account
- Crediting rate is based on the performance of the chosen indices, subject to the floor rate and participation rates set by Singlife.
- Enjoy a guaranteed Loyalty Bonus Crediting Rate of 0.70% p.a. from the 11th Policy Year onwards up to age 120 of the Life Assured.
- Income is payable based on the performance of the chosen indices, capped at your chosen Target Yearly Income.
[p.7]
---
## How Singlife Legacy Indexed Income can help with your retirement
Marcus, aged 50, wants to secure his future retirement lifestyle starting at age 61. After reviewing his retirement needs, he estimates that he will need US$600,000 per year to maintain a comfortable lifestyle. Together with his financial adviser representative, Marcus sets his Target Yearly Income at US$600,000 from age 61, for a period of 10 years; then increasing his Target Yearly Income to US$720,000 from age 71 to age 85 to account for inflation and higher expected medical expenses.
Marcus commits to a single premium of US$6,934,239 for Singlife Legacy Indexed Income. To seek long‑term growth potential and diversified exposure, he allocates his premiums evenly between the Nasdaq‑100 Engle 8% Index Sub-account and the UBS Global Multi Asset Engle 8% Index Sub-account.
| Milestone | Details |
|---|---|
| Policy Year 1 (age 50) | Marcus purchases Singlife Legacy Indexed Income and pays a single premium of US$6,934,239 |
| Policy Year 11 (age 61) | He starts receiving a yearly income* of US$600,000 |
| Policy Year 21 (age 71) | He starts receiving a yearly income* of US$720,000 |
| Policy Year 35 (age 85) | Income Payout Period |
| Policy Year 37 (age 87) | Upon Marcus' passing, the policy ends. Death Benefit paid: US$12,264,485 |
**Total income paid to date*:** US$16,800,000 (242% of premium paid)
**Account Value:** US$10,663,746
**Income payments are not guaranteed. The actual income payable in each Policy Year during the income payout period will depend on the actual crediting interest and may differ from the amounts illustrated above.*
**Footnotes:**
All figures quoted above are for illustration purposes only, actual benefits payable will depend on the actual crediting rate (subject to participation rate) credited to the Index Sub-accounts. The illustration assumes that premium and income are paid at the start of the Policy Year. The income amount, Account Value and Death Benefit illustrated above are based on the current assumed crediting rate of 6.70% p.a. for Nasdaq-100 Engle 8% Index Sub-account and 7.00% p.a. for UBS Global Multi Asset Engle 8% Index Sub-account, with participation rates of 90%.
If it is illustrated based on the guaranteed floor rate of 0.00% for Nasdaq-100 Engle 8% Index Sub-account and UBS Global Multi Asset Engle 8% Index Sub-account, the total income paid to date is US$703,205 (10% of premium paid) and the Account Value is US$3,981,143 at the end of Policy Year 35, and Death Benefit is US$6,293,345 at the end of Policy Year 37.
[p.8]
---
## How Singlife Legacy Indexed Income helps with legacy planning
Steven, aged 40, wants to transfer the wealth he's building today into a lasting legacy for his ten-year-old son, James and future generations.
Steven chooses Singlife Legacy Indexed Income with a 10-year premium term, paying US$175,224 annually. He sets the Target Yearly Income at US$120,000 and chooses to receive income starting from Policy Year 11, when his son James, the Life Assured, turns 21, until James reaches age 120.
He allocates his premiums equally between the Nasdaq‑100 Engle 8% Index Sub-account and the UBS Global Multi Asset Engle 8% Index Sub-account.
### Premium Payment Period
| Policy Year | Event | Details |
|---|---|---|
| Policy Year 1 | Steven purchases Singlife Legacy Indexed Income to provide coverage for his son, James, who is 10 years old. | Steven pays an annual premium of US$175,224 for 10 years. |
**Total premiums paid for policy:** US$1,752,240
### Income Payout Period
#### 1st Generation
| Policy Year | Event | Details |
|---|---|---|
| Policy Year 11 | James turns 21 and Steven assigns the policy to James, making him the policyholder. | James starts receiving a yearly income* of US$120,000. |
| Policy Year 21 | At 27, James has a baby and names her Stella. | James changes the life assured to Stella who is now aged 5. |
**Total income paid to date*:** US$3,120,000 (178% of premiums paid)
**Account Value:** US$1,777,633
#### 2nd Generation
| Policy Year | Event | Details |
|---|---|---|
| Policy Year 36 | Stella turns 20 and James assigns the policy to Stella, making her the policyholder. | Stella starts receiving a yearly income* of US$120,000. |
| Policy Year 55 | At 30, Stella has a baby and names him Alex. | Stella changes the life assured to her son, Alex who is now aged 10. |
**Total income paid to date*:** US$6,600,000 (376% of premiums paid)
**Account Value:** US$1,778,592
#### 3rd Generation
| Policy Year | Event | Details |
|---|---|---|
| Policy Year 65 | Alex turns 20 and Stella assigns the policy to Alex, making him the policyholder. | Alex starts receiving a yearly income* of US$120,000. |
| Policy Year 110 | Alex has the option to extend the income payout period until he is aged 120 so he can continue to receive income while the policy value concurrently grows. | |
**Income payments are not guaranteed. The actual income payable in each Policy Year during the income payout period will depend on the actual crediting interest and may differ from the amounts illustrated above.*
**Footnotes:**
All figures quoted above are for illustration purposes only, actual benefits payable will depend on the actual crediting rate (subject to participation rate) credited to the Index Sub-accounts. The illustration assumes that premiums and income are paid at the start of the Policy Year. The income amount and the Account Value illustrated above are based on the current assumed crediting rate of 6.70% p.a. for Nasdaq-100 Engle 8% Index Sub-account and 7.00% p.a. for UBS Global Multi Asset Engle 8% Index Sub-account with participation rates of 90%. If it is illustrated based on the guaranteed floor rate of 0.00% for Nasdaq-100 Engle 8% Index Sub-account and UBS Global Multi Asset Engle 8% Index Sub-account, the total income paid to date is US$193,629 (11% of premiums paid) and US$397,440 (22% of premiums paid), the Account Value is US$1,052,327 and US$964,699 at the end of Policy Year 36 and 65 respectively.
[p.9]
---
## To sign up for Singlife Legacy Indexed Income or find out more, speak with your Financial Adviser Representative today!
Visit [singlife.com/en/pinnacle/legacy-indexed-income](http://singlife.com/en/pinnacle/legacy-indexed-income) to find out more.
[p.10]
---
## IMPORTANT NOTES
All ages mentioned refer to age next birthday.
1. This is subject to the condition that there must be no gaps between the end of one income stream and the beginning of the next.
2. The crediting rate for each Index Sub-account is calculated based on the point-to-point performance of the underlying indices (excluding dividends), multiplied by the applicable participation rate and subject to the floor rate, plus any guaranteed Loyalty Bonus Crediting Rate (if applicable). Please refer to the Product Summary for more details.
3. The Free Partial Withdrawal Benefit consists of Free Partial Withdrawal upon a Life Stage Event and Free Partial Withdrawal without a Life Stage Event. Free Partial Withdrawal without a Life Stage Event is only allowed from the 6th Policy Year onwards. Please refer to the Product Summary for details of the Life Stage Events covered, the withdrawal limits and other terms and conditions of the Free Partial Withdrawal Benefit.
4. The Policyholder can request for a change of Life Assured up to 5 times after the first Policy Year subject to the terms and conditions. Any request to change the Life Assured is subject to acceptance by Singapore Life Ltd. Please refer to the Product Summary for more details on the terms and conditions for change of Life Assured.
5. The planned premium term is the duration the Policyholder intends to pay premiums for the policy and it is chosen at policy application. Premium payments are flexible after the policy is issued. Please refer to the Product Summary for more details.
6. The planned premium term is subject to entry age of the Life Assured + planned premium term <= age 80 of the Life Assured.
7. Income Start Year is subject to entry age of the Life Assured + Income Start Year <= age 80 of the Life Assured.
8. Target Income Period is subject to entry age of the Life Assured + Income Start Year + Target Income Period – 1 <= age 120 of the Life Assured.
[p.11]
---
## INDEX DISCLAIMERS:
### S&P 500 Index and S&P 500 Engle 8% VT TCA Index
The "S&P 500 Index" and the "S&P 500 Engle 8% VT TCA Index" are products of S&P Dow Jones Indices LLC or its affiliates ("SPDJI").
The S&P 500 Engle 8% VT TCA Index incorporates methodology licensed from UBS AG ("UBS"). The Indices have been sublicensed for use by Singapore Life Ltd.
S&P®, S&P 500®, US 500™, and The 500™ are trademarks of S&P Global, Inc. or its affiliates ("S&P"), Engle™ is a trademark of Engle Volatility Consulting LLC ("Engle Consulting"), the research principal of which is Robert F. Engle ("Engle"), and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Singapore Life Ltd. Singapore Life Ltd.'s Singlife Legacy Indexed Income based on the S&P 500 and/or the S&P 500 Engle 8% VT TCA Index are not issued or sold by SPDJI, S&P, Dow Jones Trademark Holdings LLC, their respective affiliates, Engle Consulting, Engle or UBS and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the Indexes.
### Nasdaq-100 Engle 8% Index, UBS Gold Engle 8% Index and UBS Global Multi Asset Engle 8% Index
UBS AG and its affiliates ("UBS") do not sponsor, endorse, sell, or promote Singlife Legacy Indexed Income (the "Product"). UBS has licensed certain UBS marks and other data to Singapore Life Ltd. for use in connection with the Product and the branding of the Product, but UBS is not involved in the calculation of the Product, the construction of the Product's methodology or the creation of the Product, UBS is not involved in the sale or offering of the Product, and UBS does not make any representations or warranties with respect to the Product.
The Index applies a volatility control mechanism developed by UBS AG in collaboration with Engle Volatility Consulting LLC ("Engle Consulting"), the research principal of which is Robert F. Engle. Engle Consulting is not an investment adviser, does not guarantee the accuracy and completeness of the Index or the Product or any data or methodology either included therein or upon which it is based. Neither the Index nor the Product is sponsored, endorsed, sold or promoted by Engle Consulting or Robert F. Engle. Engle Consulting and Robert F. Engle do not make any representation or warranty, express or implied, to any financial institution, investor of or counterparties to the Index or the Product or to any member of the public regarding the Product or the advisability of investing in securities generally or in the Index or the Product particularly.
[p.11]
---
This policy is underwritten by Singapore Life Ltd.
This is published for general information only and does not have regard to the specific investment objectives, financial situation and particular needs of any specific person. You may get a copy of the Product Summary from Singapore Life Ltd and the participating distributors' offices. You should read the Product Summary before deciding whether to purchase the product. You may wish to seek advice from a financial adviser representative before making a commitment to purchase the product. If you choose not to seek advice from a financial adviser representative, you should consider whether the product 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. This is not a contract of insurance. Full details of the standard terms and conditions of this policy can be found in the relevant policy contract.
Information is accurate as at 25 Feb 2026. COMP/2026/02/MKT/066
This advertisement has not been reviewed by the Monetary Authority of Singapore.
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 Life Insurance Association or SDIC websites (www.lia.org.sg or www.sdic.org.sg).
[p.12]
---
## Singapore Life Ltd.
5 Straits View, #01-18/19, Marina One The Heart, Singapore 018935
Tel: (65) 6827 9933
[singlife.com](http://singlife.com)
Company Reg. No. 196900499K
GST Reg. No. MR-8500166-8
[p.13]
---
### https://lifeinsurance.com.sg/api/product/singlife/singlife-savvy-invest-ii/summary.md
# Singlife Savvy
Invest II
**Insurer:** Singlife (Singapore Life Ltd.)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/196900499K/SinglifeSavvyInvestII_PS_Dec25.pdf
## Source wording
- **Effective from:** (not stated in document)
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/196900499K/SinglifeSavvyInvestII_PS_Dec25.pdf
- **PDF sha256:** `349726f8868daf987cb280f74e9428bf19e580ca108223d9c1c9de89216e410b`
- **Extraction confidence:** verified
## Extracted facts
### claims
```json
{
"source_page": 13,
"direct_settlement": true,
"documents_required": [
"Kindly contact Your financial adviser representative or visit https://www.singlife.com/en/make-a-claim/ for 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. Please refer to the respective Supplementary Benefits' terms and conditions for the full details of exclusions.",
"source_page": 5,
"available_at_inception": true,
"available_after_inception": true
}
]
```
### free look
```json
{
"period_days": 14,
"source_page": 13,
"refund_basis": "Within 14 days of receiving the policy, You may write to Us to cancel Your policy. Upon receipt of Your request to cancel the policy, We will refund: (a) the account value after deducting the dollar amount of any Welcome Bonus and any dividend that We have paid; (b) all fees and charges that have been deducted; and (c) any premium(s) paid (without interest) for the premium paying Supplementary Benefits, after deducting any expenses We incurred in assessing the risk under the policy and in issuing the 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 void from the date immediately prior to the date of death. We will refund without interest, the account value of the policy based on the unit price on the next appropriate fund valuation date immediately following the date We receive the death claim notification, less any amount of Welcome Bonus and Loyalty Bonus paid from the policy issue date or the date of the last reinstatement of the policy (whichever is later) and any amounts owing to Us.",
"source_page": 13
},
{
"text": "Where a change of life assured has been made, if the new life assured commits suicide (while sane or insane) within one year of the effective date of the change of life assured, the issue date of the endorsement for a change of life assured or the date of the last reinstatement of the policy (whichever is the latest), the policy will be void from the date immediately prior to the date of death. We will refund without interest, the account value of the policy based on the unit price on the next appropriate fund valuation date immediately following the date We receive the death claim notification, less any amount of Welcome Bonus and Loyalty Bonus paid from the effective date of the change of life assured, the issue date of the endorsement for a change of life assured or the date of the last reinstatement of the policy (whichever is the latest) and any amounts owing to Us.",
"source_page": 13
},
{
"text": "We do not pay the Terminal Illness Benefit for Terminal Illness in the presence of Human Immunodeficiency Virus (HIV) infection.",
"source_page": 13
}
]
```
### mwpa trust
```json
{
"notes": "No mention of MWPA / Section 73 trust in this document.",
"available": false
}
```
### cash values
```json
{
"has_cash_value": true,
"non_guaranteed_bonus": {
"available": false
},
"guaranteed_surrender_value": {
"basis": "Account value less applicable surrender charge (if surrendered during minimum investment period) and any amount owing. Surrender charges range from 5% to 100% depending on policy year and minimum investment period chosen, per Appendix A.",
"available": true,
"source_page": 15
}
}
```
### policy loan
```json
{
"available": false
}
```
### grace period
```json
{
"source_page": 7
}
```
### product type
```json
"investment-linked"
```
### underwriting
```json
{
"source_page": 1,
"pre_existing_treatment": "This plan is offered on guaranteed issuance offer basis."
}
```
### policy basics
```json
{
"maximum_entry_age": {
"basis": "age-next-birthday",
"source_page": 6
},
"minimum_entry_age": {
"basis": "age-next-birthday",
"years": 1,
"source_page": 6
},
"maximum_coverage_age": "whole-of-life",
"minimum_policy_term_years": "whole-of-life (policy continues until death, lapse, or surrender)"
}
```
### premium terms
```json
{
"cpf_eligible": {
"srs": false,
"notes": "No CPF or SRS eligibility stated in the document.",
"special_account": false,
"ordinary_account": false
},
"payment_modes": [
"annual",
"semi-annual",
"quarterly",
"monthly"
],
"minimum_premium": {
"amount": 200,
"currency": "SGD",
"source_page": 6
},
"premium_term_options": [
{
"label": "3 years (Fixed)",
"description": "Fixed minimum investment period of 3 years. Basic regular premium cannot be changed during the minimum investment period. Yearly minimum S$10,000; monthly minimum S$834.",
"source_page": 6
},
{
"label": "5 years (Fixed)",
"description": "Fixed minimum investment period of 5 years. Basic regular premium cannot be changed during the minimum investment period. Yearly minimum S$10,000; monthly minimum S$834.",
"source_page": 6
},
{
"label": "5 years (Flexible)",
"description": "Flexible minimum investment period of 5 years. Basic regular premium can be increased or decreased from the 4th policy year onwards. Yearly minimum S$12,000; monthly minimum S$1,000.",
"source_page": 6
},
{
"label": "10 years (Fixed)",
"description": "Fixed minimum investment period of 10 years. Basic regular premium cannot be changed during the minimum investment period. Yearly minimum S$3,600; monthly minimum S$300.",
"source_page": 6
},
{
"label": "10 years (Flexible)",
"description": "Flexible minimum investment period of 10 years. Basic regular premium can be increased or decreased from the 4th policy year onwards. Yearly minimum S$6,000; monthly minimum S$500.",
"source_page": 6
},
{
"label": "20 years (Flexible)",
"description": "Flexible minimum investment period of 20 years. Basic regular premium can be increased or decreased from the 11th policy year onwards. Yearly minimum S$2,400; monthly minimum S$200.",
"source_page": 6
}
],
"premium_review_clause": {
"reviewable": false,
"source_page": 7
}
}
```
### non forfeiture
```json
{
"paid_up": {
"text": "No paid-up option described; policy continues on premium holiday with fees deducted from account value until account value is exhausted.",
"available": false
},
"source_page": 9,
"extended_term": {
"text": "Not described in the document.",
"available": false
},
"automatic_premium_loan": {
"text": "Not described in the document.",
"available": false
}
}
```
### suicide clause
```json
{
"source_page": 13,
"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 void from the date immediately prior to the date of death. We will refund without interest, the account value of the policy based on the unit price on the next appropriate fund valuation date immediately following the date We receive the death claim notification, less any amount of Welcome Bonus and Loyalty Bonus paid from the policy issue date or the date of the last reinstatement of the policy (whichever is later) and any amounts owing to Us.",
"exclusion_period_months": 12
}
```
### document metadata
```json
{
"product_full_name": "Singlife Savvy Invest II",
"insurer_legal_entity": "Singapore Life Ltd.",
"document_published_date": "December 2025",
"product_summary_pdf_url": "https://www.singlife.com"
}
```
### terminal illness benefit
```json
{
"available": true,
"source_page": 5,
"acceleration_percent": 100,
"qualifying_definition": "\"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."
}
```
---
*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.*
---
### https://lifeinsurance.com.sg/api/product/singlife/singlife-savvy-invest-ii/wording.md
# Singlife Savvy Invest II
## Product Summary
**Underwritten by:** Singapore Life Ltd.
**Address:** 5 Straits View, #01-18/19, Marina One The Heart, Singapore 018935
**Telephone:** (65) 6827 9933
**Website:** www.singlife.com
**Company Reg. No.:** 196900499K
**GST Reg No:** MR-8500166-8
**Date:** December 2025
[p.1]
## 1. DESCRIPTION OF PRODUCT
This is a whole life, regular premium investment-linked plan (ILP) that provides investment opportunities as well as protection against death and Terminal Illness.
This plan offers a Welcome Bonus to help boost Your initial investment value and it also rewards You with a Loyalty Bonus along the policy term. At a life stage event, You can also make a penalty-free withdrawal from Your policy up to a limit.
You have the flexibility to choose Your preferred premium amount for this plan. 100% of the premium amount paid for this plan will be invested into the ILP sub-funds of Your choice.
There is a wide range of ILP sub-funds available under this plan for You to choose and invest based on Your risk appetite.
This plan is offered on guaranteed issuance offer basis.
**Note:** "You" / "Your" relates to the Policyholder. "We" / "Us"/ "Our" relates to Singapore Life Ltd.
### Product At-a-glance
- Choose the basic regular premium amount that You want to invest for this plan.
- Choose the frequency that You want to invest for the basic regular premium, either monthly, quarterly, half-yearly or yearly.
- Choose the minimum investment period that suits You by deciding on the following:
- (a) Variation of the minimum investment period: Fixed or Flexible;
- (b) Duration of the minimum investment period: 3, 5, 10 or 20 years.
- The basic regular premiums paid will be invested into the ILP sub-funds of Your choice as follows:
| Monthly basic regular premium paid (or equivalent in other payment frequency) | % of basic regular premium to buy units |
|---|---|
| 1st to 120th | 100% |
| 121st to 240th | 102% |
| 241st onwards | 105% |
- 100% of any top-up premium will be invested into the ILP sub-funds of Your choice.
- Flexibility to customise a portfolio that is suitable for Your needs from Our range of ILP sub-funds.
- Enjoy peace of mind with the death and Terminal Illness coverage offered under this plan.
- Enjoy a Welcome Bonus in the first policy year, payable based on a percentage of the basic regular premium paid.
- Enjoy a Loyalty Bonus after the end of minimum investment period, payable based on a percentage of Your account value.
- Enjoy a penalty-free withdrawal upon a life stage event under the Life Stage Benefit up to 10% of Your account value, for a maximum of 2 times during the policy term.
- Flexibility to withdraw Your funds without charges after the minimum investment period.
- Flexibility to change the life assured of Your policy to suit Your family or Your needs.
- Flexibility to manage Your investment with the options to make a single premium top-up, withdraw part of Your funds, change the funds You invest Your future premiums in and unlimited free fund switches.
- Guaranteed issuance upon application.
- Add on Supplementary Benefit(s) for the additional peace of mind.
[p.1–2]
## 2. PLAN FEATURES AND BENEFITS
### 2.1 Minimum Investment Period
There are two variations of minimum investment period available under this plan:
- (a) Fixed; and
- (b) Flexible.
Both the Fixed and Flexible options offer a range of different durations that You can choose from, depending on Your preferred commitment period.
| Variation of the minimum investment period | Fixed | Flexible |
|---|---|---|
| Durations of the minimum investment period available | 3 years (Fixed), 5 years (Fixed), 10 years (Fixed) | 5 years (Flexible), 10 years (Flexible), 20 years (Flexible) |
Minimum investment period can only be chosen at point of application and it cannot be changed after the policy is incepted.
#### What is a minimum investment period?
Minimum investment period refers to a period chosen by You starting from the policy effective date whereby:
- (a) a premium shortfall charge (where applicable) will be applied if You miss any basic regular premium;
- (b) a partial withdrawal charge will be applied if You make a partial withdrawal from Your policy (except for withdrawal under the Life Stage Benefit); and/or
- (c) a surrender charge will be applied if You fully surrender Your policy.
#### What are the main differences between fixed and flexible minimum investment period?
| Minimum Investment Period | Fixed | Flexible |
|---|---|---|
| Minimum basic regular premium required (if You choose the same duration of the minimum investment period) | Lower minimum basic regular premium required. | Higher minimum basic regular premium required. |
| Varying of basic regular premium | • The chosen basic regular premium amount at policy inception cannot be increased or decreased throughout the minimum investment period; • It can only be changed after the end of the minimum investment period, subject to the prevailing basic regular premium limits. | • The chosen basic regular premium amount at policy inception can be increased or decreased after a specific period during the minimum investment period, subject to the prevailing basic regular premium limits. |
| Welcome Bonus (if You choose the same annualised basic regular premium amount and the same duration of the minimum investment period) | Higher Welcome Bonus | Lower Welcome Bonus |
| Premium shortfall charge | • Applicable throughout the minimum investment period; and • It will be applied for any unpaid basic regular premium during the minimum investment period. | • Applicable for a specific period during the minimum investment period; and • It will be applied for any unpaid basic regular premium during that specific period. |
| Partial withdrawal during the minimum investment period (if You choose the same duration of the minimum investment period) | Allowed at a higher partial withdrawal charge, up to the account value of the policy. | Allowed at a lower partial withdrawal charge, up to the allowable partial withdrawal amount limit. |
Please refer to the respective section for more details.
[p.2]
### 2.2 Welcome Bonus
We will pay a Welcome Bonus upon receipt of each basic regular premium paid for the first 12 months of the policy.
The Welcome Bonus will be paid based on the formula below. It will be converted into additional units in the same proportion as Your prevailing investment allocation.
We do not pay the Welcome Bonus for single premium top-up and any unpaid basic regular premium(s) due during the first 12 months of the policy.
The Welcome Bonus rate for each of the minimum investment period is as follows:
| Minimum Investment Period | 3 years (Fixed) | 5 years (Fixed) | 5 years (Flexible) | 10 years (Fixed) | 10 years (Flexible) | 20 years (Flexible) |
|---|---|---|---|---|---|---|
| Annualised Basic Regular Premium (S$) | 10,000 to less than 25,000 | 10,000 to less than 25,000 | 12,000 and above | 3,600 to less than 10,000 | 6,000 to less than 10,000 | 2,400 to less than 10,000 |
| Welcome Bonus Rate | 0% | 6% | 4% | 10% | 8% | 30% |
| Annualised Basic Regular Premium (S$) | 25,000 and above | 25,000 and above | N.A. | 10,000 and above | 10,000 and above | 10,000 and above |
| Welcome Bonus Rate | 3% | 10% | N.A. | 40% | 15% | 60% |
**Welcome Bonus = applicable Welcome Bonus rate (%) x basic regular premium paid for the first 12 months of the policy.**
[p.3]
### 2.3 Loyalty Bonus
We will pay a Loyalty Bonus as a percentage of Your account value, starting from the policy anniversary immediately after the end of the minimum investment period, and on every subsequent policy anniversaries provided that:
- (a) Your policy is in force at the point when the Loyalty Bonus is payable; and
- (b) You have not made any withdrawals on the policy in the last 12 months from the point when the Loyalty Bonus is payable, except for withdrawals under the Life Stage Benefit under section 2.4.
The Loyalty Bonus (if any) will be payable on the policy anniversary and it will be paid in one payment in the form of additional units in the same proportion as Your prevailing investment allocation on the next appropriate fund valuation date immediately following the day the Loyalty Bonus is payable.
The Loyalty Bonus payable is as set out below:
| Loyalty Bonus | Loyalty Bonus payable per annum (as a percentage of Your account value) |
|---|---|
| 1st to 10th payment | 0.3% |
| 11th to 20th payment | 0.4% |
| 21st payment and above | 0.5% |
If You do not qualify for the Loyalty Bonus on any policy anniversary, You will still be eligible for the next Loyalty Bonus if the conditions stated above are met.
### 2.4 Life Stage Benefit
Upon the occurrence of any of the life stage events below, You can apply to withdraw up to 10% of Your account value under this benefit, subject to the following:
- (a) the partial withdrawal amount must meet the minimum partial withdrawal amount of S$500;
- (b) Your account value must not fall below the minimum account value of S$1,000 after the partial withdrawal;
- (c) Your application for withdrawal under this benefit must be submitted within 90 calendar days following the occurrence of the life stage event; and
- (d) satisfactory proof to show evidence of the occurrence of the life stage event must be submitted together with Your application for withdrawal.
The life stage events are:
- (a) the life assured changes the marital status (i.e. marries, divorces or is widowed);
- (b) the life assured becomes a parent by having a newborn child, or legally adopts a child;
- (c) the life assured purchases a property;
- (d) the life assured or the life assured's child enrols into tertiary education;
- (e) the life assured reaches retirement age of 65; or
- (f) the life assured is hospitalised.
You can only use this benefit up to a maximum of 2 times during the policy term.
If You use this benefit for partial withdrawal on Your policy:
- a) During the minimum investment period,
- (i) Partial withdrawal charge will be waived for the amount withdrawn under this benefit; and
- (ii) the amount withdrawn under this benefit will not reduce the allowable partial withdrawal amount limit as set out in Appendix B.
- b) After the minimum investment period, Your eligibility for the Loyalty Bonus will not be affected by the withdrawal under this benefit and the Loyalty Bonus remains payable subject to the conditions in section 2.3.
Any withdrawals made under the Life Stage Benefit must not exceed the maximum limit of 10% of Your account value. Any excess amount can be withdrawn under the partial withdrawal in section 5.6, subject to the conditions in section 5.6 including the allowable partial withdrawal amount limits and partial withdrawal charge (where applicable).
We reserve the right to revise the minimum partial withdrawal amount and the minimum account value at any time by giving You at least 30 days' written notice.
[p.4]
### 2.5 Change of Life Assured
You can request for a change of life assured after the first policy year, up to 2 times during the policy term.
The change of life assured is allowed provided that:
- (a) the new life assured is You, Your spouse or Your child who is 18 age next birthday (ANB) and below and satisfactory proof is submitted together with the application; and
- (b) the new life assured meets the eligibility conditions in section 2.8.
The change of life assured is not allowed once:
- (a) the life assured or the assured dies;
- (b) a claim on the Terminal Illness Benefit is admitted; or
- (c) a claim to waive future premiums of the basic plan is admitted.
The change of life assured will take effect from the policy anniversary immediately following the date We accept Your request to change the life assured.
Once the change of life assured is effective:
- (a) the cost of insurance (if applicable) will be adjusted from the effective date of the change of life assured based on the attained age next birthday, gender and smoking status of the new life assured;
- (b) all Supplementary Benefits attached to the policy will be terminated, except for the Supplementary Benefits covering the assured of a policy where the assured and life assured are different person;
- (c) cover for the previous life assured will end on the effective date of the change of life assured;
- (d) the action to change the life assured cannot be reversed; and
- (e) if there is any claim submitted on the existing life assured before the change of life assured takes effect and the claim is payable, We will pay the claim and void the request for change of life assured.
Once the change of life assured comes into effect, We reserve the right not to accept any written notice and proof of claim given to Us on the previous life assured(s) regardless if the claim event happened before the change of life assured was effective.
[p.4–5]
### 2.6 Insurance Coverage Available
#### A. Death Benefit
If the life assured dies while the policy is in force, We will pay the higher of:
- (a) 101% of (total basic regular premiums paid plus any single premium top-up less any withdrawal made); or
- (b) the account value;
less any amount owing to Us.
The account value payable will be calculated based on the unit price on the next appropriate fund valuation date immediately following the date We receive Your claim notification.
#### B. Terminal Illness Benefit
If the life assured is diagnosed with Terminal Illness while the policy is in force, We will pay the Terminal Illness Benefit as an early payout of the Death Benefit in one lump sum, less any amount owing to Us.
"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.
#### C. 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.5]
### 2.7 Basic Regular Premium
The basic regular premiums are payable throughout the policy term and will be invested into the ILP sub-funds of Your choice as follows:
| Monthly basic regular premium paid (or equivalent in other payment frequency) | % of basic regular premium to buy units |
|---|---|
| 1st to 120th | 100% |
| 121st to 240th | 102% |
| 241st onwards | 105% |
The minimum basic regular premium for each of the minimum investment period is as follows:
| Premium Payment Frequency | 3 years (Fixed) | 5 years (Fixed) | 5 years (Flexible) | 10 years (Fixed) | 10 years (Flexible) | 20 years (Flexible) |
|---|---|---|---|---|---|---|
| Yearly | S$ 10,000 | S$ 10,000 | S$ 12,000 | S$ 3,600 | S$ 6,000 | S$ 2,400 |
| Half-Yearly | S$ 5,000 | S$ 5,000 | S$ 6,000 | S$ 1,800 | S$ 3,000 | S$ 1,200 |
| Quarterly | S$ 2,500 | S$ 2,500 | S$ 3,000 | S$ 900 | S$ 1,500 | S$ 600 |
| Monthly | S$ 834 | S$ 834 | S$ 1,000 | S$ 300 | S$ 500 | S$ 200 |
#### Example of how units for the basic regular premiums are allocated
**Policy year:** 1-10
**Minimum Investment Period:** 5 years (Flexible)
**Basic Regular Premiums:** S$1,000 monthly.
- The allocation rate for basic regular premiums is 100% for the first 10 years.
- There is no premium charge for this product. Hence, the premium charge is 0%.
- The amount of premiums that is used to buy units is S$1,000, which is calculated as S$1000 x (100% - 0%).
- Assuming the unit price of an ILP sub-fund is S$2.00, the total number of units allocated is 500 units, which is calculated as S$1,000 / S$2.00.
[p.5–6]
### 2.8 Eligibility
**Entry age of the life assured:**
| | 3 years (Fixed) | 5 years (Fixed) | 5 years (Flexible) | 10 years (Fixed) | 10 years (Flexible) | 20 years (Flexible) |
|---|---|---|---|---|---|---|
| Minimum Entry Age (ANB) | 1* | | | | | |
| Maximum Entry Age (ANB) | | 70 | | 65 | | 72 | 65 |
* For the newborn application, the life assured must be at least 30 days old.
**Entry age of the assured (also known as the policyholder):** At least 19 ANB.
**Ownership basis:** Single life or third party (based on husband-and-wife basis for life assured 17 ANB and above, and juvenile life basis for life assured 18 ANB and below).
## 3. Funds Available To Choose From
Please refer to Our website: www.singlife.com for the full list of funds available for You to choose from.
For fund details, please refer to the fund summaries of the respective fund on Our website.
## 4. Fees and Charges
The fees and charges applicable to this plan are as stated below.
We reserve the right to vary the fees and charges by giving You at least 30 days' written notice.
[p.6]
### 4.1 Administrative Charge
An administrative charge of 0.60% per annum of the account value is payable on every monthly anniversary date throughout the policy term and it will be deducted by cancelling units from Your account value on the next appropriate fund valuation date immediately after each due date of the administrative charge.
This charge will continue to be payable during premium holiday.
The administrative charge is not guaranteed and We reserve the right to increase this charge by giving You at least 30 days' written notice.
### 4.2 Supplementary Charge
A supplementary charge of 1.90% per annum of the account value is payable on policy effective date and every monthly anniversary date thereafter for the first 10 policy years and it will be deducted by cancelling Units from Your account value on the next appropriate fund valuation date immediately after each due date of the supplementary charge.
This charge will continue to be payable during premium holiday.
The supplementary charge is not guaranteed and We reserve the right to increase this charge by giving You at least 30 days' written notice.
### 4.3 Policy Fee
Not applicable.
### 4.4 Fund Switch Fee
There is no fund switch fee for fund switching currently.
However, We reserve the right to impose a fund switch fee or limit the number of free switches by giving You at least 30 days' written notice.
### 4.5 Annual Management Charge
The annual management charge of the respective ILP sub-funds may differ depending on the ILP sub-funds You have chosen. It is applied at the underlying fund level and is not deducted from the policy via cancellation of units.
Please refer to the relevant fund summary of the ILP sub-fund(s) on Our website: www.singlife.com for the specific fees and charges associated with the ILP sub-fund(s).
### 4.6 Surrender Charge
Surrender charge is charged upon full surrender of the policy before the minimum investment period ceases. It will be deducted from the account value payable to You.
The surrender charge amount is calculated based on the following formula:
**Surrender Charge amount = applicable surrender charge rate (%) x units surrendered x unit price of respective ILP sub-fund(s)**
The surrender charge rate (%) imposed will depend on which policy year during the minimum investment period in which the policy is fully surrendered.
The surrender charge rates can be found in Appendix A.
### 4.7 Partial Withdrawal Charge
Partial withdrawal charge is charged upon each partial withdrawal that You make on the policy before the minimum investment period ceases, except for partial withdrawal made under the Life Stage Benefit. It will be deducted from the partial withdrawn amount.
The partial withdrawal charge amount is calculated based on the following formula:
**Partial Withdrawal Charge amount = applicable partial withdrawal charge rate (%) x number of units of specified ILP sub-fund(s) to be partially withdrawn x unit price of specified ILP sub-fund(s).**
The partial withdrawal charge rate (%) imposed will depend on which policy year during the minimum investment period in which the partial withdrawal is made.
The partial withdrawal charge rates can be found in Appendix A.
### 4.8 Premium Shortfall Charge
If any basic regular premium is not paid during the minimum investment period, a premium shortfall charge (where applicable) will be applied and it will be deducted by cancelling units from Your account value.
The premium shortfall charge amount is calculated based on the following formula:
**Premium Shortfall Charge amount = (X% x P)/ 12 months**
Where:
- (i) X% is the premium shortfall charge rate in the prevailing policy year during which the premium shortfall charge is imposed; and
- (ii) P is the amount of annualised basic regular premium.
[p.7]
The premium shortfall charge will apply:
- a) on the first working day after the end of grace period of the unpaid basic regular premium; and
- b) every month thereafter,
until the basic regular premium payment is resumed or until the minimum investment period ends, whichever is earlier.
The premium shortfall charge rate (%) imposed will depend on which policy year during the minimum investment period in which the basic regular premium is unpaid.
The premium shortfall charge rates can be found in Appendix A.
### 4.9 Cost of Insurance
The cost of insurance is payable monthly starting from the policy effective date and every monthly anniversary date thereafter to provide for insurance coverage. It will be deducted by cancelling units from Your account value on the next appropriate fund valuation date immediately after each due date of the cost of insurance based on the life assured's attained age next birthday, gender, smoking status and the sum at risk (SAR) of the policy.
The SAR is defined as:
**101% of [total basic regular premiums paid + any single premium top-up – any withdrawal made] - account value.**
If the SAR of the policy is less than or equals to zero, no cost of insurance will be charged.
The cost of insurance (if applicable) will continue to be payable during premium holiday.
The cost of insurance rates for Death Benefit and Terminal Illness Benefit are guaranteed and can be found in Appendix C.
### 4.10 Premium Charge
#### (a) Basic regular premium
Premium charge is not applicable to the basic regular premium.
#### (b) Single premium top-up
There is no premium charge for single premium top-up currently. However, We reserve the right to apply a premium charge for single premium top-up or vary the charge by giving You at least 30 days' written notice.
## 5. CHANGES TO THE POLICY
### 5.1 Varying of Basic Regular Premiums
#### (a) Minimum Investment Period - Fixed:
You are not allowed to increase or decrease the basic regular premium amount chosen at policy inception throughout the minimum investment period.
The basic regular premium amount chosen at policy inception can only be increased or decreased from the specified policy year as stated in the table below, based on Your chosen minimum investment period, subject to the prevailing basic regular premium limits.
| Minimum Investment Period | Varying of basic regular premium is allowed from |
|---|---|
| 3 years (Fixed) | 4th policy year onwards |
| 5 years (Fixed) | 6th policy year onwards |
| 10 years (Fixed) | 11th policy year onwards |
#### (b) Minimum Investment Period - Flexible:
You are not allowed to increase or decrease the basic regular premium amount chosen at policy inception prior to the specified policy year as stated in the table below, based on Your chosen minimum investment period.
The basic regular premium amount chosen at policy inception can be increased or decreased from the specified policy year as stated in the table below based on Your chosen minimum investment period, subject to the prevailing basic regular premium limits.
| Minimum Investment Period | Varying of basic regular premium is allowed from |
|---|---|
| 5 years (Flexible) | 4th policy year onwards |
| 10 years (Flexible) | 4th policy year onwards |
| 20 years (Flexible) | 11th policy year onwards |
A minimum amount of S$100 is required for any increase or decrease in basic regular premiums.
[p.8–9]
### 5.2 Single Premium Top-Up
You can make a single premium top-up to Your policy during the policy term. The minimum amount for each single premium top-up is S$1,000.
100% of each single premium top-up (after deducting premium charge) will be used to buy units in Your chosen ILP sub-funds according to Your specified allocations. If You wish to invest into new ILP sub-funds in addition to Your chosen ILP sub-funds, We will determine the minimum allocation for each ILP sub-fund.
The single premium top-up forms part of the account value and it is:
- (a) subject to the applicable fees and charges under section 4; and
- (b) entitled to the Loyalty Bonus, subject to the terms and conditions under section 2.3.
#### Example of how units for the ad hoc single premium top-ups are allocated
Ad hoc single premium top-up is S$1,000.
At any time:
- The allocation rate for ad hoc single premium top-up is 100%.
- There is no premium charge for this product. Hence, the premium charge is 0%.
- The amount of premiums that is used to buy units is S$1,000, which is calculated as S$1000 x (100% - 0%).
- Assuming the unit price of an ILP sub-fund is S$1.00, the total no. of units allocated is 1,000 units, which is calculated as S$1,000 / S$1.00.
### 5.3 Fund Switch
You can make unlimited free fund switches during the policy term. However, We reserve the right to impose a fund switch fee or limit on the number of free switches by giving the policyholder at least 30 days' written notice.
The minimum fund switch amount is S$1,000. However, if the value of units in a fund is less than S$1,000 at the point of fund switch, all units must be switched out.
The fund switch will be performed based on the settlement timeframes as stated by the fund manager(s) involved.
### 5.4 Premium Re-direction
You may request to change the premium direction of the future basic regular premiums into other ILP sub-fund(s) of Your choice with effect from the next premium due date.
### 5.5 Premium Holiday
The policy will go on premium holiday if:
- (a) You apply for the policy to go on premium holiday; or
- (b) We did not receive any basic regular premium due after the grace period and the policy automatically goes on premium holiday.
**Premium holiday during the minimum investment period:**
If the policy goes on premium holiday before the minimum investment period ceases, a premium shortfall charge (where applicable) will apply on a monthly basis, subject to section 4.8.
**Premium holiday after the minimum investment period:**
If the policy goes on premium holiday after the minimum investment period has ceased, premium shortfall charge is not applicable.
When the policy is on premium holiday, all applicable fees and charges will continue to be deducted by cancelling units from Your account value. The policy will remain in force as long as Your total account value is sufficient to pay for the applicable fees and charges, and it will terminate automatically if otherwise.
All premium paying Supplementary Benefits attached to the policy will terminate automatically when the policy goes on premium holiday.
You may end the premium holiday by resuming payment of basic regular premium. Back-payments of basic regular premium are not allowed.
[p.9]
### 5.6 Partial Withdrawal
You may write to Us to withdraw part of Your account value during the policy term, subject to the following conditions:
- (a) a minimum partial withdrawal amount of S$500;
- (b) the account value of the policy must not fall below the minimum account value of S$1,000 after the partial withdrawal request; and
- (c) if the partial withdrawal is made during the minimum investment period, the partial withdrawal amount must not exceed the allowable partial withdrawal amount limit of the policy year in which the withdrawal is made.
Any withdrawal under the Life Stage Benefit will be subject to the limit and conditions in section 2.4.
A partial withdrawal charge will be imposed on the partial withdrawal amount if You make a partial withdrawal during the minimum investment period, except for withdrawals under the Life Stage Benefit.
You may decide the ILP sub-fund(s) to withdraw from and:
- (i) the number of units to be sold; or
- (ii) the amount You wish to withdraw.
We reserve the right to revise the minimum partial withdrawal amount and the minimum account value at any time by giving You at least 30 days' written notice.
Refer to Appendix A for the partial withdrawal charge and Appendix B for the allowable partial withdrawal amount limits.
#### Example of partial withdrawal
**Minimum Investment Period:** 10 years (Flexible)
**Partial withdrawal request of 1,000 units of an ILP sub-fund during policy year 3.**
At policy year 3:
- The partial withdrawal charge is 10%; assuming the unit price of an ILP sub-fund is S$1.50:
- The units will be sold for S$1,500, which is calculated as 1,000 units x S$1.50.
- The amount payable to the policyholder will be S$1,350, which is calculated as S$1,500 x (100% - 10%).
We will pay the proceeds to You within T + 7 business days upon acceptance of Your partial withdrawal application. However, under circumstances including but not limited to delay due to unsuccessful payment related issues or longer dealing timeframe by the relevant fund manager(s), We may take more than T + 7 business days to make the payment to You.
T refers to the day we accept Your request.
[p.10]
### 5.7 Surrender
You may write to Us to surrender Your policy during the policy term.
Upon surrender of the policy, all units under the policy will be sold on the next appropriate fund valuation date after We accept Your request to surrender the policy, and the account value of the policy less surrender charge (if any) and any amount owing to Us will be paid to You. All benefits under the policy including any Supplementary Benefits will end.
A surrender charge will be imposed on the account value if the policy is surrendered during the minimum investment period.
#### Example of surrender
**Minimum Investment Period:** 20 years (Flexible)
**Surrender request based on 1,000 units of an ILP sub-fund during policy year 10.**
At policy year 10:
- The surrender charge is 40%; assuming the unit price of an ILP sub-fund is S$1.50:
- The units will be sold for S$1,500, which is calculated as 1,000 units x S$1.50.
- The amount payable to the policyholder will be S$900, which is calculated as S$1,500 x (100% - 40%).
We will pay the proceeds to You within T + 7 business days upon acceptance of Your surrender application. However, under circumstances including but not limited to delay due to unsuccessful payment related issues or longer dealing timeframe by the relevant fund manager(s), We may take more than T + 7 business days to make the payment to You.
T refers to the day we accept Your request.
## 6. ABOUT OUR INVESTMENT-LINKED SUB-FUNDS
### 6.1 Pricing of Units & Dealing Deadline
#### Pricing of Units
The ILP sub-funds are based on:
- (a) a single "dealing" price which is used for all transaction (such as subscriptions, switches and withdrawals of units); and
- (b) the frequency of the fund manager's pricing policy.
There is no bid/offer spread and all transactions are based on forward pricing.
#### Dealing Deadline
Units are purchased, allocated, sold or redeemed according to unit prices of the relevant funds and exchange rate (if applicable) prevailing on the next appropriate fund valuation date.
If We accept Your transaction request before 12 noon (Singapore time) on a business day, We will process Your transaction according to the unit prices of the relevant funds and exchange rates (if applicable) prevailing on the next appropriate fund valuation date. Otherwise, We will process the transaction request as if it is accepted before 12 noon (Singapore time) on the following business day.
For the first basic regular premium received, it will be processed according to the unit prices of the relevant funds and exchange rates (if applicable) prevailing on the next appropriate fund valuation date following the date the policy is issued.
The term "accepted" used in this section 6.1 means relevant forms have been duly completed and the correct amount of premiums has been duly received by Us.
This cut-off time stated is correct as at the time of print. We reserve the right to change the cut-off time by giving You at least 30 days' written notice or any such shorter period of notice as We may agree with the relevant authorities.
[p.11]
### 6.2 Obtaining Prices of Units
Unit pricing is based on the respective underlying fund manager's pricing policy. You may obtain the prices from Our website: www.singlife.com.
### 6.3 Structure of ILP sub-fund / Investment Objective, Focus and Approach
Please refer to the relevant fund summary of the ILP sub-fund(s).
### 6.4 ILP Fund Summary
You will be able to access the relevant fund summaries on Our website: www.singlife.com.
### 6.5 Information on the Manager/Sub-manager
Please refer to the relevant fund summary of the ILP subfund(s).
### 6.6 Other Parties
Please refer to the relevant fund summary of the ILP sub-fund(s). The auditor of the ILP sub-fund(s) is KPMG Services Pte. Ltd..
### 6.7 Suspension of dealings
We reserve the right to suspend immediately any issue, withdrawal, exchange or other dealing in relation to the Funds if the fund manager, or any government or regulatory body of competent jurisdiction, or we (at our reasonable discretion) decide to suspend the issue, withdrawal, exchange or other dealing in the units or shares of the Funds.
### 6.8 Past Performance / Expense Ratio / Turnover Ratio
Please refer to the relevant fund summary of the ILP sub-fund(s).
### 6.9 Soft Dollar Commissions or Arrangements
We do not receive any soft dollar commissions in respect of the underlying fund(s).
### 6.10 Conflicts of Interest
We do not have any conflict of interests which may exist or arise in relation to the underlying fund(s) and its management.
### 6.11 Specialised ILP sub-fund
Please refer to the relevant fund summary of the ILP sub-fund(s) for important disclosures.
### 6.12 Other Material Information
The ILP sub-fund(s) available as part of this plan are not offered as a collective investment scheme under the Securities and Futures Act (Cap. 289).
**This product summary must be read in conjunction with the relevant fund summary of the ILP sub-fund(s). The fund summary may be obtained from Our website: www.singlife.com.**
Please read the applicable sections of the most recent edition of the relevant fund summary in relation to the application for this policy.
Please note that any fund summary given to You is in relation to this plan. It is not to be construed as an offer to directly sell or distribute the specific fund to which the fund summary relates to. Some funds may only be directly available, on a restricted basis. If You need further information, please consult Your financial adviser representative.
### 6.13 Reports
The financial year-end of the ILP sub-funds is 30th June each year. We will make available semi-annual reports and annual-audited reports of the ILP sub-fund(s) within 2 months and 3 months from 31st December and 30th June of each year respectively. You can access these reports via Our website: www.singlife.com or request the information by calling our Customer Service Hotline at (65) 6827 9933.
[p.12]
### 6.14 Distribution of Dividends
If You choose to invest in any ILP sub-fund that pays dividends, You have the option to either:
- (a) reinvest the declared dividends into the same ILP sub-fund ("Reinvest Option"); or
- (b) receive the declared dividends in cash ("Cash Out Option").
If You do not indicate any preferred dividend distribution option in Your application, We will reinvest the declared dividends into the same ILP sub-fund on Your behalf by default.
Dividend distributions are not guaranteed. The frequency of dividend distribution of the ILP sub-fund(s) is determined by the relevant fund manager.
You are only entitled to dividends if You are invested in the relevant ILP sub-fund(s) at the end of its dividend declaration date (also known as record date). However, if You submit a request to cancel the policy under section 7.5, You will not be entitled to the dividend distribution. If We have paid out any declared dividends from the ILP sub-fund(s) to You and the policy is subsequently cancelled under section 7.5, We will deduct the dividend amount paid from the account value.
#### Reinvest Option
If You choose the Reinvest Option, We will reinvest any declared dividends on Your behalf and this will increase Your units in the respective ILP sub-fund(s). We will distribute these additional units into the same ILP sub-fund within 14 business days after We receive them from the relevant fund managers.
Where the ILP sub-fund pays the declared dividends in the form of cash and You choose the Reinvest Option, We will reinvest the declared dividends paid in cash by buying additional units on Your behalf at the next appropriate fund valuation date after We receive the cash from the relevant fund managers.
The additional units obtained from the reinvested dividends will form part of the account value and will be subject to the applicable policy fees and charges stated in section 4.
#### Cash Out Option
If You choose the Cash Out Option, We will pay any declared dividends declared to You within 21 business days after We receive the dividends from the relevant fund managers. However, under circumstances including but not limited to delay due to unsuccessful payment related issues, We may take more than 21 business days to make the payment to You.
Where the ILP sub-fund pays the declared dividends in the form of additional units and You choose the Cash Out Option, We will sell the additional units for cash at the next appropriate fund valuation date after We receive the additional units from the relevant fund managers. However, under circumstances including but not limited to market fluctuation, the unit price at which the units are sold may differ from the unit price used to calculate the dividend payable. Consequently, the amount You receive may differ from the original dividend payable.
We will pay the declared dividends to You in Singapore dollars. For any ILP sub-fund(s) that declares dividends in currencies other than Singapore dollars, We will convert those declared dividends at prevailing currency exchange rate and pay You in Singapore dollars. The dividends You receive may differ from the original dividend payable under circumstances, including but not limited to fluctuations in currency exchange rate.
On a per ILP sub-fund basis, We will only pay out the declared dividends to You if the amount is at least S$40 (also known as minimum dividend cash out amount). If the amount of the declared dividends is less than S$40, We will reinvest the declared dividends on Your behalf for additional units in the same ILP sub-fund(s).
We reserve the right to revise the minimum dividend cash out amount from time to time by giving You at least 30 days' written notice.
If you wish to change the dividend distribution option for an ILP sub-fund subsequently, you may notify Us in writing at least 5 business days before the ILP sub-fund record date. The new dividend distribution option will take effect for subsequent dividend distributions.
[p.12–13]
## 7. ADDITIONAL INFORMATION
### 7.1 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.
### 7.2 General 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 void from the date immediately prior to the date of death. We will refund without interest, the account value of the policy based on the unit price on the next appropriate fund valuation date immediately following the date We receive the death claim notification, less any amount of Welcome Bonus and Loyalty Bonus paid from the policy issue date or the date of the last reinstatement of the policy (whichever is later) and any amounts owing to Us.
(ii) Where a change of life assured has been made, if the new life assured commits suicide (while sane or insane) within one year of the effective date of the change of life assured, the issue date of the endorsement for a change of life assured or the date of the last reinstatement of the policy (whichever is the latest), the policy will be void from the date immediately prior to the date of death. We will refund without interest, the account value of the policy based on the unit price on the next appropriate fund valuation date immediately following the date We receive the death claim notification, less any amount of Welcome Bonus and Loyalty Bonus paid from the effective date of the change of life assured, the issue date of the endorsement for a change of life assured or the date of the last reinstatement of the policy (whichever is the latest) and any amounts owing to Us.
(iii) We do not pay the Terminal Illness Benefit for Terminal Illness in the presence of Human Immunodeficiency Virus (HIV) infection.
You are advised to read the policy contract for the full list of exclusions.
### 7.3 Termination
The policy will end:
- (a) on the date the life assured dies;
- (b) on the date We pay the Death Benefit or an early payout of the Death Benefit in full;
- (c) when it lapses;
- (d) when We accept Your application to end the policy; or
- (e) due to any other event which results in termination as set out in the policy,
whichever happens first.
### 7.4 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.
Kindly contact Your financial adviser representative or visit https://www.singlife.com/en/make-a-claim/ for claim procedures.
[p.13]
### 7.5 Free Look
Within 14 days of receiving the policy, You may write to Us to cancel Your policy. Upon receipt of Your request to cancel the policy, We will refund:
- (a) the account value after deducting the dollar amount of any Welcome Bonus and any dividend that We have paid;
- (b) all fees and charges that have been deducted; and
- (c) any premium(s) paid (without interest) for the premium paying Supplementary Benefits,
after deducting any expenses We incurred in assessing the risk under the policy and in issuing the policy.
The account value will be determined by the unit prices of the units of the relevant ILP sub-funds on the next appropriate fund valuation date after We accept Your request to cancel the policy.
If Your policy was sent to You by post, We will consider it delivered 7 days after posting. If Your policy was sent to You electronically, We will consider it delivered 7 days after the date it was sent.
### 7.6 Point-of-Sale Documents
A copy of the following documents is provided at the point-of-sale:
- Cover Page (if applicable)
- Policy Illustration
- Product Summary
- Bundled Product Disclosure (if applicable)
- Applicable Fund Summary(s) & Product Highlights Sheet(s)
- Fact Find Form
- Your Guide to Life Insurance
- Your Guide to Health Insurance and Infographic "Evaluating My Health Insurance Coverage" (if applicable)
- Your Guide to Investment-Linked Insurance Plans
- Infographic "Moratorium on Genetic Testing and Insurance"
### 7.7 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. If 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.
The value of Your policy will rise and fall as the performance of the ILP sub-fund(s) changes. Please refer to the relevant fund summary of the ILP sub-fund(s) for the specific risks associated with these sub-funds.
### 7.8 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).
### 7.9 Details of the Insurer
This plan is underwritten by Singapore Life Ltd. Website: www.singlife.com.
[p.14]
---
# Appendix A – Surrender Charge, Partial Withdrawal Charge and Premium Shortfall Charge
[p.15]
## A. Surrender Charge
| Policy Year | Surrender Charge – Minimum Investment Period ||||| |
|---|---|---|---|---|---|---|
| | 3 years (Fixed) | 5 years (Fixed) | 5 years (Flexible) | 10 years (Fixed) | 10 years (Flexible) | 20 years (Flexible) |
| 1 | 100% | 100% | 100% | 100% | 100% | 100% |
| 2 | 100% | 100% | 100% | 100% | 100% | 100% |
| 3 | 75% | 75% | 75% | 80% | 80% | 90% |
| 4 | | 40% | | 40% | 60% | 75% |
| 5 | | 20% | | 20% | 50% | 65% |
| 6 | | | | | 45% | 60% |
| 7 | | | | | 40% | 55% |
| 8 | | | | | 20% | 50% |
| 9 | | | | | 15% | 45% |
| 10 | | | | | 10% | 40% |
| 11 | | | | | | 35% |
| 12 | | | | | | 30% |
| 13 | | | | | | 25% |
| 14 | | | | | | 20% |
| 15 | | | | | | 15% |
| 16 | | | | | | 10% |
| 17 | | | | | | 5% |
| 18 | | | | | | 5% |
| 19 | | | | | | 5% |
| 20 | | | | | | 5% |
[p.15]
## B. Partial Withdrawal Charge
| Policy Year | Partial Withdrawal Charge – Minimum Investment Period ||||| |
|---|---|---|---|---|---|---|
| | 3 years (Fixed) | 5 years (Fixed) | 5 years (Flexible) | 10 years (Fixed) | 10 years (Flexible) | 20 years (Flexible) |
| 1 | 100% | 100% | 10% | 100% | 10% | 10% |
| 2 | 100% | 100% | 10% | 100% | 10% | 10% |
| 3 | 75% | 75% | 10% | 80% | 10% | 10% |
| 4 | | 40% | 5% | 60% | 10% | 10% |
| 5 | | 20% | 5% | 50% | 10% | 10% |
| 6 | | | | 45% | 5% | 10% |
| 7 | | | | 40% | 5% | 10% |
| 8 | | | | 20% | 5% | 10% |
| 9 | | | | 15% | 5% | 10% |
| 10 | | | | 10% | 5% | 10% |
| 11 | | | | | | 5% |
| 12 | | | | | | 5% |
| 13 | | | | | | 5% |
| 14 | | | | | | 5% |
| 15 | | | | | | 5% |
| 16 | | | | | | 5% |
| 17 | | | | | | 5% |
| 18 | | | | | | 5% |
| 19 | | | | | | 5% |
| 20 | | | | | | 5% |
[p.15]
## C. Premium Shortfall Charge
| Policy Year | Premium Shortfall Charge – Minimum Investment Period ||||| |
|---|---|---|---|---|---|---|
| | 3 years (Fixed) | 5 years (Fixed) | 5 years (Flexible) | 10 years (Fixed) | 10 years (Flexible) | 20 years (Flexible) |
| 1 | 100% | 100% | 100% | 100% | 100% | 100% |
| 2 | 100% | 100% | 100% | 100% | 100% | 100% |
| 3 | 75% | 75% | 75% | 80% | 80% | 90% |
| 4 | | 40% | | 60% | | 75% |
| 5 | | 20% | | 50% | | 65% |
| 6 | | | | 45% | | 60% |
| 7 | | | | 40% | | 55% |
| 8 | | | | 20% | | 50% |
| 9 | | | | 15% | | 45% |
| 10 | | | | 10% | | 40% |
| 11 | | | | | | |
| 12 | | | | | | |
| 13 | | | | | | |
| 14 | | | | | | |
| 15 | | | | | | |
| 16 | | | | | | |
| 17 | | | | | | |
| 18 | | | | | | |
| 19 | | | | | | |
| 20 | | | | | | |
[p.16]
---
# Appendix B – Allowable Partial Withdrawal Amount Limits During Minimum Investment Period
[p.17]
| Policy Year | Allowable Partial Withdrawal Amount Limits – Minimum Investment Period ||||| |
|---|---|---|---|---|---|---|
| | 3 years (Fixed) | 5 years (Fixed) | 5 years (Flexible) | 10 years (Fixed) | 10 years (Flexible) | 20 years (Flexible) |
| 1 | Account value | Account value | (10% of account value) minus any past withdrawals | Account value | (10% of account value) minus any past withdrawals | (10% of account value) minus any past withdrawals |
| 2 | | | (20% of account value) minus any past withdrawals | | (20% of account value) minus any past withdrawals | (20% of account value) minus any past withdrawals |
| 3 | | | (30% of account value) minus any past withdrawals | Account value | (30% of account value) minus any past withdrawals | (30% of account value) minus any past withdrawals |
| 4 | | | (40% of account value) minus any past withdrawals | | (40% of account value) minus any past withdrawals | (40% of account value) minus any past withdrawals |
| 5 | | | (50% of account value) minus any past withdrawals | | (50% of account value) minus any past withdrawals | (50% of account value) minus any past withdrawals |
| 6 | | | | | | |
| 7 | | | | | | |
| 8 | | | | | | |
| 9 | | | | | | |
| 10 | | | | | | |
| 11 | | | | | | |
| 12 | | | | | | |
| 13 | | | | | | |
| 14 | | | | | | |
| 15 | | | | | | |
| 16 | | | | | | |
| 17 | | | | | | (50% of account value) minus any past withdrawals |
| 18 | | | | | | Account value |
| 19 | | | | | | |
| 20 | | | | | | |
[p.17]
---
# Appendix C – Cost of Insurance
[p.18]
## Annual Cost of Insurance for Death Benefit and Terminal Illness Benefit
### (per S$1,000 Sum at Risk)
| ANB | MNS | MS | FNS | FS | ANB | MNS | MS | FNS | FS |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 0.450 | 0.450 | 0.338 | 0.338 | 61 | 5.005 | 10.916 | 2.938 | 6.327 |
| 2 | 0.450 | 0.450 | 0.338 | 0.338 | 62 | 5.541 | 12.131 | 3.188 | 6.736 |
| 3 | 0.450 | 0.450 | 0.338 | 0.338 | 63 | 6.222 | 13.493 | 3.617 | 7.151 |
| 4 | 0.450 | 0.450 | 0.338 | 0.338 | 64 | 6.950 | 15.042 | 3.917 | 7.581 |
| 5 | 0.450 | 0.450 | 0.338 | 0.338 | 65 | 7.722 | 16.813 | 4.265 | 8.069 |
| 6 | 0.450 | 0.450 | 0.338 | 0.338 | 66 | 8.715 | 18.839 | 4.709 | 8.696 |
| 7 | 0.450 | 0.450 | 0.338 | 0.338 | 67 | 9.650 | 21.127 | 5.185 | 9.553 |
| 8 | 0.450 | 0.450 | 0.338 | 0.338 | 68 | 11.050 | 23.646 | 5.837 | 10.730 |
| 9 | 0.450 | 0.450 | 0.338 | 0.338 | 69 | 12.584 | 26.275 | 6.859 | 12.276 |
| 10 | 0.450 | 0.450 | 0.338 | 0.338 | 70 | 14.162 | 28.793 | 8.132 | 14.161 |
| 11 | 0.450 | 0.450 | 0.338 | 0.338 | 71 | 15.673 | 30.987 | 9.585 | 16.235 |
| 12 | 0.450 | 0.450 | 0.338 | 0.338 | 72 | 17.066 | 32.781 | 11.105 | 18.294 |
| 13 | 0.450 | 0.450 | 0.338 | 0.338 | 73 | 18.420 | 34.338 | 12.611 | 20.197 |
| 14 | 0.450 | 0.450 | 0.338 | 0.338 | 74 | 19.908 | 35.998 | 14.135 | 21.997 |
| 15 | 0.450 | 0.450 | 0.338 | 0.338 | 75 | 21.701 | 38.051 | 15.788 | 23.879 |
| 16 | 0.450 | 0.450 | 0.338 | 0.338 | 76 | 23.722 | 40.320 | 17.500 | 25.724 |
| 17 | 0.450 | 0.450 | 0.338 | 0.338 | 77 | 26.261 | 43.268 | 19.558 | 27.956 |
| 18 | 0.480 | 0.668 | 0.375 | 0.608 | 78 | 29.390 | 46.941 | 22.111 | 30.738 |
| 19 | 0.480 | 0.668 | 0.375 | 0.608 | 79 | 32.769 | 50.742 | 24.907 | 33.692 |
| 20 | 0.480 | 0.668 | 0.375 | 0.608 | 80 | 36.481 | 54.784 | 28.020 | 36.908 |
| 21 | 0.480 | 0.668 | 0.375 | 0.608 | 81 | 40.595 | 59.141 | 30.764 | 40.443 |
| 22 | 0.480 | 0.668 | 0.375 | 0.608 | 82 | 45.152 | 63.843 | 33.746 | 44.345 |
| 23 | 0.480 | 0.668 | 0.375 | 0.608 | 83 | 50.195 | 68.917 | 37.931 | 48.656 |
| 24 | 0.480 | 0.668 | 0.375 | 0.608 | 84 | 55.770 | 74.396 | 42.619 | 53.415 |
| 25 | 0.480 | 0.668 | 0.375 | 0.608 | 85 | 61.929 | 80.308 | 47.867 | 58.679 |
| 26 | 0.480 | 0.668 | 0.375 | 0.608 | 86 | 68.726 | 86.691 | 53.736 | 64.507 |
| 27 | 0.480 | 0.668 | 0.375 | 0.608 | 87 | 76.217 | 93.581 | 60.294 | 70.969 |
| 28 | 0.480 | 0.668 | 0.375 | 0.608 | 88 | 84.466 | 101.014 | 67.613 | 78.143 |
| 29 | 0.480 | 0.668 | 0.375 | 0.608 | 89 | 93.536 | 109.044 | 75.769 | 86.105 |
| 30 | 0.480 | 0.668 | 0.375 | 0.608 | 90 | 103.495 | 117.713 | 84.848 | 94.952 |
| 31 | 0.480 | 0.668 | 0.375 | 0.608 | 91 | 114.413 | 127.068 | 94.939 | 104.781 |
| 32 | 0.480 | 0.668 | 0.375 | 0.608 | 92 | 126.360 | 137.174 | 106.135 | 115.696 |
| 33 | 0.480 | 0.668 | 0.375 | 0.608 | 93 | 139.409 | 148.091 | 118.532 | 127.812 |
| 34 | 0.480 | 0.668 | 0.375 | 0.608 | 94 | 153.629 | 159.888 | 132.224 | 141.239 |
| 35 | 0.480 | 0.668 | 0.375 | 0.608 | 95 | 169.091 | 172.644 | 147.310 | 156.099 |
| 36 | 0.480 | 0.668 | 0.375 | 0.608 | 96 | 185.857 | 186.440 | 163.889 | 172.520 |
| 37 | 0.494 | 0.713 | 0.379 | 0.644 | 97 | 203.984 | 221.511 | 182.047 | 190.617 |
| 38 | 0.547 | 0.811 | 0.385 | 0.705 | 98 | 223.519 | 239.292 | 201.862 | 210.489 |
| 39 | 0.602 | 0.920 | 0.412 | 0.780 | 99 | 244.499 | 258.541 | 223.403 | 232.223 |
| 40 | 0.659 | 1.037 | 0.443 | 0.866 | 100 | 265.862 | 279.338 | 245.565 | 256.202 |
| 41 | 0.715 | 1.157 | 0.477 | 0.959 | 101 | 279.155 | 293.305 | 257.843 | 269.012 |
| 42 | 0.768 | 1.282 | 0.517 | 1.066 | 102 | 293.113 | 307.970 | 270.735 | 282.463 |
| 43 | 0.821 | 1.412 | 0.560 | 1.187 | 103 | 307.769 | 323.369 | 284.272 | 296.586 |
| 44 | 0.878 | 1.552 | 0.611 | 1.327 | 104 | 323.157 | 339.537 | 298.486 | 311.415 |
| 45 | 0.939 | 1.712 | 0.666 | 1.484 | 105 | 339.315 | 356.514 | 313.410 | 326.986 |
| 46 | 1.008 | 1.892 | 0.728 | 1.659 | 106 | 356.281 | 374.340 | 329.081 | 343.335 |
| 47 | 1.087 | 2.098 | 0.798 | 1.845 | 107 | 374.095 | 393.057 | 345.535 | 360.502 |
|
---
### https://lifeinsurance.com.sg/api/product/singlife/singlife-smart-saver/summary.md
# Singlife Smart
Saver
**Insurer:** Singlife (Singapore Life Ltd.)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/196900499K/SinglifeSmartSaver_PS_Dec25.pdf
## Source wording
- **Effective from:** (not stated in document)
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/196900499K/SinglifeSmartSaver_PS_Dec25.pdf
- **PDF sha256:** `6314a9c955ea3ab90cf4d7189a0c47114a2221e5831a664bfb8582d37c7ea1ac`
- **Extraction confidence:** verified
## Extracted facts
### claims
```json
{
"source_page": 9,
"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. Please refer to the respective Supplementary Benefits' Terms and Conditions for the full details of exclusions.",
"source_page": 2,
"available_at_inception": true,
"available_after_inception": true
}
]
```
### free look
```json
{
"period_days": 14,
"source_page": 9,
"refund_basis": "You have 14 days from the date You receive this Policy to decide whether You want to continue with it. If You do not want to continue, You may write to Us to cancel this Policy. As long as You have not made any claim under this Policy, We will cancel this Policy from its Policy Effective Date and refund the premiums You paid without interest and less any expenses spent in considering Your application and 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 void from the date immediately prior to the date of death. 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": 9
},
{
"text": "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.",
"source_page": 9
},
{
"text": "Terminal Illness in the presence of HIV infection is excluded.",
"source_page": 9
}
]
```
### mwpa trust
```json
{
"notes": "The appointment of Secondary Life Assured is not allowed once a trust has been created. The Legacy Distribution Option cannot be exercised if a trust has been created. No explicit mention of MWPA / Section 73 trust availability.",
"available": false,
"source_page": 4
}
```
### cash values
```json
{
"has_cash_value": true,
"non_guaranteed_bonus": {
"text": "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. All bonuses are not guaranteed and depend on the performance of Our Participating Fund.",
"available": true,
"bonus_types": [
"reversionary",
"terminal"
],
"source_page": 2,
"par_fund_name": "Singapore Life Ltd.'s Participating Fund"
},
"guaranteed_surrender_value": {
"basis": "For single premium: acquires cash value upon inception. For limited premium: from start of 2nd Policy Year (3-year payment term) or 3rd Policy Year (5, 10, 15, 20 or 25-year payment term), as long as premiums are paid up-to-date. The Guaranteed Cash Surrender Value will be at least equivalent to the Total Premiums Paid as at the Policy Maturity Date.",
"available": true,
"source_page": 2
}
}
```
### policy loan
```json
{
"available": true,
"source_page": 3,
"interest_basis": "prevailing Policy loan rate, non-guaranteed, subject to changes according to Our prevailing terms and conditions",
"max_percent_of_cash_value": 65
}
```
### grace period
```json
{
"days": 30,
"source_page": 3
}
```
### product type
```json
"endowment"
```
### 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": 70,
"source_page": 3
},
"minimum_entry_age": {
"basis": "age-next-birthday",
"years": 1,
"source_page": 3
},
"maximum_coverage_age": {
"basis": "age-next-birthday",
"years": 99,
"source_page": 3
},
"maximum_policy_term_years": "25 years or cover to 99 Age Next Birthday",
"minimum_policy_term_years": 10
}
```
### premium terms
```json
{
"cpf_eligible": {
"srs": true,
"notes": "SRS eligible for Single Premium, entry age 19 to 70 ANB, subject to prevailing SRS Guidelines. Change of Life Assured, Secondary Life Assured appointment and Legacy Distribution Option not available if Single Premium paid using SRS funds.",
"source_page": 3,
"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",
"source_page": 3
},
{
"label": "3-Pay",
"description": "Limited premium payment term of 3 years",
"source_page": 3
},
{
"label": "5-Pay",
"description": "Limited premium payment term of 5 years",
"source_page": 3
},
{
"label": "10-Pay",
"description": "Limited premium payment term of 10 years",
"source_page": 3
},
{
"label": "12-Pay",
"description": "Limited premium payment term of 12 years",
"source_page": 3
},
{
"label": "15-Pay",
"description": "Limited premium payment term of 15 years",
"source_page": 3
},
{
"label": "18-Pay",
"description": "Limited premium payment term of 18 years",
"source_page": 3
},
{
"label": "20-Pay",
"description": "Limited premium payment term of 20 years",
"source_page": 3
},
{
"label": "25-Pay",
"description": "Limited premium payment term of 25 years",
"source_page": 3
}
],
"premium_review_clause": {
"text": "Premium rates are guaranteed throughout the premium payment term.",
"reviewable": false,
"source_page": 3
}
}
```
### non forfeiture
```json
{
"paid_up": {
"text": "You also have the option to partially surrender the Policy by reducing the Sum Assured (subject to the minimum Sum Assured of the basic plan) and receive the partial Cash Surrender Value in a lump sum. The Sum Assured of the basic plan after the partial surrender will be reduced accordingly.",
"available": true
},
"source_page": 3,
"automatic_premium_loan": {
"text": "For premiums that are due for payment and the Life Assured does not satisfy the unemployment conditions, You still need to pay the premiums or Automatic Premium Loan will be advanced to pay for the overdue premiums.",
"available": true
}
}
```
### suicide clause
```json
{
"source_page": 9,
"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 void from the date immediately prior to the date of death.",
"exclusion_period_months": 12
}
```
### document metadata
```json
{
"product_full_name": "Singlife Smart Saver",
"insurer_legal_entity": "Singapore Life Ltd.",
"product_summary_pdf_url": "https://singlife.com/en/claims"
}
```
### terminal illness benefit
```json
{
"available": true,
"source_page": 2,
"acceleration_percent": 100,
"qualifying_definition": "\"Terminal Illness\" 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. The specialist medical practitioner treating the condition must provide supporting evidence of the condition, possible medical treatment, the prognosis after undergoing the possible medical treatment, and certify that the Life Assured is expected to live for no more than 12 months despite all possible medical intervention. We reserve the right to appoint an independent medical specialist who is an expert in the condition to confirm the diagnosis and prognosis. 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.*
---
### https://lifeinsurance.com.sg/api/product/singlife/singlife-smart-saver/wording.md
# PRODUCT SUMMARY
## Singlife Smart Saver
[p.1]
### 1. DESCRIPTION OF PRODUCT
This is an endowment insurance plan that facilitates wealth accumulation by allowing You to choose Your savings goal (Sum Assured) and provides You with a range of flexible savings terms to tailor Your plan to suit Your needs. 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 savings plan by deciding on Your choice of Sum Assured* on the basic plan.
- Choose to save towards Your savings goal with a Single Premium or limited premium payment term of 3, 5, 10, 12, 15, 18, 20 or 25 years.
- For limited premium payment term Policy, choose to pay either monthly, quarterly, half-yearly or yearly.
- Choose a Policy Term from 10 to 25 years or cover to 99 Age Next Birthday (ANB), to meet Your needs. Policy Term must be 3 years or more than premium payment term.
- Benefit from the flexibility to withdraw accumulated Reversionary Bonuses for its cash value should the need arise.
- Enjoy peace of mind with Death (including Accidental Death) and Terminal Illness coverage offered under this plan.
- Retrenchment Benefit: Waives premium if involuntarily unemployed.
- Flexibility to change the Life Assured of Your Policy to meet Your family or Your needs.
- Option to appoint a Secondary Life Assured to ensure continuity of Policy.
- Option to distribute the Policy into sub-policies for legacy planning.
- Receive 100% of Sum Assured plus bonuses as Maturity Benefit at the end of the Policy term.
- Capital guarantee upon maturity.
- Guaranteed issuance upon application. No medical underwriting is required.
- 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 Reversionary Bonus, Accidental Death Benefit and Maturity Benefit. Please refer to the section on Death Benefit for more details.
---
[p.2]
## 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 MATURITY BENEFIT
On survival of the Life Assured to the Policy maturity, You will receive a Maturity Benefit consisting of the following:
(a) 100% of Sum Assured;
(b) the accumulated Reversionary Bonus (if any); and
(c) the Terminal Bonus (if any)
less any amounts owing to Us.
Please refer to the Policy Illustration for the illustrated Maturity Benefit You may receive at the end of the Policy term.
### 2.2 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".
### 2.3 CASH SURRENDER VALUE
For single premium payment term, Your Policy will acquire a cash value upon the inception of the Policy and upon receipt of the Single Premium.
For limited premium payment term, Your Policy will acquire a cash value from the start of the:
- 2nd Policy Year for Policy with 3 years premium payment term; or
- 3rd Policy Year for Policy with 5, 10, 15, 20 or 25 years premium payment term;
as long as premiums are paid up-to-date.
The Guaranteed Cash Surrender Value will be at least equivalent to the Total Premiums Paid as at the Policy Maturity 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.
### 2.4 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) 105% of the Total Premiums Paid on the basic plan up to the date of death; or
- (ii) the Guaranteed Cash Surrender Value;
(b) the accumulated Reversionary Bonus (if any); and
(c) the Terminal Bonus (if any)
less any amounts 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 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" 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.
The specialist medical practitioner treating the condition must provide supporting evidence of the condition, possible medical treatment, the prognosis after undergoing the possible medical treatment, and certify that the Life Assured is expected to live for no more than 12 months despite all possible medical intervention. We reserve the right to appoint an independent medical specialist who is an expert in the condition to confirm the diagnosis and prognosis.
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.
### 2.5 RETRENCHMENT BENEFIT
#### FOR RETRENCHMENT OR UNEMPLOYMENT
We will waive the instalment premiums payable on the Policy provided that We have received and accepted satisfactory proof that the Life Assured of minimum 17 ANB has been retrenched or unemployed and has remained involuntarily unemployed for a period of 3 consecutive months following the retrenchment or unemployment. Your request must be submitted to Us within 6 months from the date of retrenchment or unemployment.
After You have satisfied the conditions of unemployment or retrenchment, We will waive the instalment premiums payable on the Policy for 12 months from the next premium due date immediately after We received and approved the request. If the remaining premium term is less than 12 months, the instalment premiums payable for the remaining months will be waived.
There is a waiting period of 6 months from the policy issue date before You can exercise this benefit.
Premiums must resume at the end of the waiver of premium period. For premiums that are due for payment and the Life Assured does not satisfy the unemployment conditions, You still need to pay the premiums or Automatic Premium Loan will be advanced to pay for the overdue premiums.
This Retrenchment Benefit can be exercised once per Policy.
You must exercise this benefit before the Policy Anniversary when the Life Assured attains 65 ANB.
---
[p.3]
## 3. PLAN FEATURES
### 3.1 ELIGIBILITY
You can choose a:
(a) Single premium payment term; or
(b) Limited premium payment term of 3 years, 5 years, 10 years, 12 years, 15 years, 18 years, 20 years or 25 years.
You can choose from a range of Policy term:
(a) from 10 to 25 years; or
(b) cover up to the Policy Anniversary immediately following the date on which the Life Assured attained Age 99 at next birthday,
subject to Policy term must be 3 years or more than premium payment term.
| Life Assured Entry Age (Age-Next-Birthday "ANB" basis) | | | | |
|---|---|---|---|---|
| Premium Payment Term (year) | Payment method other than SRS | | SRS | |
| | Entry Age (ANB) | | Entry Age (ANB) | |
| | Minimum | Maximum | Minimum | Maximum |
| Single Premium (1) | 1 | 70 | 19^ | 70^ |
| 3 | NA | NA | | |
| 5 | | | | |
| 10 | | | | |
| 12 | 68 | | | |
| 15 | 65 | | | |
| 18 | 62 | | | |
| 20 | 60 | | | |
| 25 | 55 | | | |
^ Subject to prevailing SRS Guidelines
| Assured/Policyholder Entry Age (Age-Next-Birthday "ANB" basis) | |
|---|---|
| Entry Age (ANB) | |
| Minimum | Maximum |
| 17 | 99 |
Ownership basis: Single Life Policy (where the Life Assured is the Policyholder) or Third Party Policy (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
You may choose to pay Your basic premiums in a single premium or with regular payment either monthly, quarterly, half-yearly or yearly, in the mode and method specified by Us.
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.
Premium rates are guaranteed throughout the premium payment term.
### 3.3 WITHDRAWAL OF ACCUMULATED REVERSIONARY 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.
### 3.4 SURRENDER OF THE PLAN
While Your Policy is in force and has acquired cash value, 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 end 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 basic plan) and receive the partial Cash Surrender Value in a lump sum. The Sum Assured of the basic plan after the partial surrender will be reduced accordingly.
For Policy funded with SRS monies, the lump sum payment will be credited back to the SRS account as per prevailing SRS Guidelines.
### 3.5 POLICY LOAN
You may opt for a Policy Loan of up to 65% of the Cash Surrender Value less any amounts 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.
### 3.6 CHANGE OF LIFE ASSURED
The change of Life Assured is allowed:
(a) after the first Policy Year, up to 3 times;
(b) subject to satisfactory evidence that the new Life Assured has sufficient insurable interest (in relation to the Policyholder); and
(c) subject to the new Life Assured meeting the conditions in section 3.1.
---
[p.4]
The change of Life Assured is not allowed:
(a) once the Life Assured or the Assured dies;
(b) once a claim has been admitted for any of the Supplementary Benefits covering the Life Assured;
(c) once a claim has been admitted to waive the premiums of the basic plan; or
(d) once the Reduced Paid Up option has been activated;
We reserve the right to adjust the premiums in accordance to the new Life Assured subject to the terms and conditions of the Policy. The change of Life Assured will take effect from the Policy Anniversary immediately following the date We accept Your request to change the Life Assured. Once the change of Life Assured is effective, all Supplementary Benefits attached to the Policy will be terminated except for the Supplementary Benefits covering the Assured of a policy where the Assured and Life Assured are not the same person. The action to change the Life Assured cannot be reversed once the change of Life Assured is effective.
If there is any claim submitted on the existing Life Assured before the effective date of the change of Life Assured and the claim is payable, We will pay the claim and void the request for change of Life Assured.
Upon Our acceptance of the new Life Assured for the Policy, all the coverage on the previous Life Assured will cease on the effective date of the change of Life Assured. Once the change of Life Assured comes into effect, We reserve the right not to accept any written notice and proof of claim given to Us on the previous Life Assured(s) regardless if the claim event happened before the change of Life Assured was effective.
The Change of Life Assured is not available if You paid the Single Premium using funds from SRS.
### 3.7 SECONDARY LIFE ASSURED
You can apply to appoint a Secondary Life Assured:
(a) at policy application or during policy term;
(b) the Secondary Life Assured is You, Your spouse or Your child, if the Assured of the Policy is an individual;
(c) subject to the Secondary Life Assured meeting the conditions in section 3.1.
The appointment of Secondary Life Assured is not allowed:
(i) once the Life Assured or the Assured dies;
(ii) once a claim has been admitted for any of the Supplementary Benefits covering the Life Assured;
(iii) once a claim has been admitted to waive the premiums of the basic plan;
(iv) once the Reduced Paid Up option has been activated; or
(v) if a beneficiary has been nominated or a trust has been created.
You may apply to change the Secondary Life Assured up to 3 times. Changes include the:
(a) appointment of Secondary Life Assured,
(b) changing of Secondary Life Assured; and
(c) removal of Secondary Life Assured.
Premiums for the Basic Benefits will remain the same.
If any claim is made on the original Life Assured before the appointment of Secondary Life Assured takes effect and the claim is payable, We will pay the claim and reject the request for appointment of Secondary Life Assured.
The appointment of Secondary Life Assured is not available if You paid the Single Premium using funds from SRS.
### 3.8 LEGACY DISTRIBUTION OPTION
You can apply to distribute the Policy into sub-policies before the policy matures. Each sub-policy will be a standalone Policy and must meet the minimum guaranteed surrender value requirement.
This option can only be exercised once. It can be exercised:
(a) 5 years from Policy Effective Date; or
(b) after the Premium Cessation Date,
whichever is later.
This option cannot be exercised if:
(a) there is outstanding Policy Loan (including interest);
(b) there are pending claims under the Policy;
(c) a beneficiary has been nominated, a Secondary Life Assured has been appointed or a trust has been created; or
(d) the Reduced Paid Up option has been activated;
This option is not available if You paid the Single Premium using funds from SRS.
---
[p.5]
### 3.9 LIFE STAGE ADD-ON
While this Policy is in force, the original Assured has the option to buy another add-on savings plan, at least 6 months after the Policy Issue Date, subject to the add-on savings plan's availability, Our approval and the prevailing terms, conditions and guidelines at the time of purchase.
This benefit is available to the original Assured only.
Premiums for the prevailing add-on savings plan will be lower than the prevailing main plan. However, the premium of the prevailing add-on savings plan may be higher or lower than the main plan purchased.
We reserve the right to review the plans available for this benefit and substitute it with another plan of Our choice.
---
[p.6]
## 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 SGD5 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 SGD5 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.
#### 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 **) x 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.
---
[p.7]
#### 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.
#### 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.
---
[p.8]
#### 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) | 5.00 | 5.00 | 5.00 |
| Per 1,000 of Accumulated RB (SGD) | 5.00 | 5.00 | 5.00 |
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.
#### 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.
---
[p.9]
## 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 ends:
(a) on the date the Life Assured dies (if there is no Secondary Life Assured);
(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 void from the date immediately prior to the date of death.
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.
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.
### 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/claims for the claim procedures.
### Free Look
You have 14 days from the date You receive this Policy to decide whether You want to continue with it. If You do not want to continue, You may write to Us to cancel this Policy. As long as You have not made any claim under this Policy, We will cancel this Policy from its Policy Effective Date and refund the premiums You paid without interest and less any expenses spent in considering Your application and issuing this Policy.
If the Policy was sent to You by post, We consider it received 7 days after posting. If the Policy was sent to You electronically, We consider it delivered on the date of transmission.
### 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.
---
[p.10]
### 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.11]
## Appendix A – Terminal Bonus at the illustrated investment rate of return of 4.25% p.a. (as a % of accumulated Reversionary Bonus)
### Premium Payment Term: SP
### Policy Term: 10 -25 years
| Policy Year | Terminal Bonus | |
|---|---|---|
| | Surrender | Death or Maturity |
| 5 to 10 | 6% to 309% | 6% to 325% |
| 11 to 20 | 39% to 339% | 41% to 355% |
| 21 to 25 | 190% to 307% | 199% to 322% |
### Premium Payment Term: 3-Pay
### Policy Term: 10 -25 years
| Policy Year | Terminal Bonus | |
|---|---|---|
| | Surrender | Death or Maturity |
| 5 to 10 | 5% to 316% | 6% to 331% |
| 11 to 20 | 36% to 353% | 37% to 370% |
| 21 to 25 | 173% to 282% | 181% to 296% |
### Premium Payment Term: SP
### Policy Term: Up to 99 ANB
| Policy Year | Terminal Bonus | |
|---|---|---|
| | Surrender | Death or Maturity |
| 5 to 10 | 0% to 37% | 0% to 39% |
| 11 to 20 | 2% to 189% | 2% to 199% |
| 21 to 30 | 11% to 510% | 11% to 536% |
| 31 to 40 | 25% to 516% | 27% to 542% |
| 41 to 50 | 47% to 478% | 49% to 501% |
| 51 to 60 | 76% to 459% | 79% to 482% |
| 61 to 70 | 114% to 474% | 120% to 497% |
| 71 to 80 | 163% to 474% | 171% to 497% |
| 81 to 90 | 226% to 437% | 238% to 459% |
| 91 to 98 | 307% to 414% | 322% to 435% |
### Premium Payment Term: 3-Pay
### Policy Term: Up to 99 ANB
| Policy Year | Terminal Bonus | |
|---|---|---|
| | Surrender | Death or Maturity |
| 5 to 10 | 0% to 34% | 0% to 36% |
| 11 to 20 | 2% to 174% | 2% to 183% |
| 21 to 30 | 11% to 474% | 11% to 497% |
| 31 to 40 | 25% to 487% | 26% to 511% |
| 41 to 50 | 46% to 471% | 48% to 495% |
| 51 to 60 | 74% to 472% | 78% to 495% |
| 61 to 70 | 111% to 454% | 117% to 477% |
| 71 to 80 | 160% to 456% | 168% to 479% |
| 81 to 90 | 221% to 421% | 233% to 442% |
| 91 to 98 | 300% to 400% | 315% to 420% |
### Premium Payment Term: 5-Pay
### Policy Term: 10 -25 years
| Policy Year | Terminal Bonus | |
|---|---|---|
| | Surrender | Death or Maturity |
| 5 to 10 | 6% to 226% | 6% to 237% |
| 11 to 20 | 41% to 336% | 43% to 352% |
| 21 to 25 | 200% to 323% | 210% to 340% |
### Premium Payment Term: 10-Pay
### Policy Term: 10 -25 years
| Policy Year | Terminal Bonus | |
|---|---|---|
| | Surrender | Death or Maturity |
| 5 to 10 | 4% to 57% | 4% to 60% |
| 11 to 20 | 28% to 174% | 30% to182% |
| 21 to 25 | 139% to 224% | 146% to 236% |
### Premium Payment Term: 5-Pay
### Policy Term: Up to 99 ANB
| Policy Year | Terminal Bonus | |
|---|---|---|
| | Surrender | Death or Maturity |
| 5 to 10 | 0% to 33% | 0% to 34% |
| 11 to 20 | 3% to 168% | 3% to 176% |
| 21 to 30 | 12% to 446% | 12% to 469% |
| 31 to 40 | 28% to 438% | 29% to 461% |
| 41 to 50 | 51% to 440% | 53% to 462% |
| 51 to 60 | 82% to 467% | 86% to 491% |
| 61 to 70 | 124% to 456% | 130% to 479% |
| 71 to 80 | 177% to 461% | 186% to 484% |
| 81 to 90 | 245% to 430% | 258% to 451% |
| 91 to 98 | 333% to 424% | 349% to 445% |
### Premium Payment Term: 10-Pay
### Policy Term: Up to 99 ANB
| Policy Year | Terminal Bonus | |
|---|---|---|
| | Surrender | Death or Maturity |
| 5 to 10 | 0% to 22% | 0% to 23% |
| 11 to 20 | 3% to 114% | 3% to 120% |
| 21 to 30 | 11% to 309% | 12% to 325% |
| 31 to 40 | 27% to 357% | 28% to 375% |
| 41 to 50 | 49% to 381% | 52% to 400% |
| 51 to 60 | 80% to 396% | 84% to 416% |
| 61 to 70 | 120% to 423% | 126% to 445% |
| 71 to 80 | 172% to 433% | 180% to 454% |
| 81 to 90 | 238% to 412% | 250% to 432% |
| 91 to 98 | 323% to 407% | 339% to 427% |
---
[p.12]
### Premium Payment Term: 12-Pay
### Policy Term: 10 -25 years
| Policy Year | Terminal Bonus | |
|---|---|---|
| | Surrender | Death or Maturity |
| 5 to 10 | 3% to 46% | 4% to 49% |
| 11 to 20 | 25% to 177% | 27% to 186% |
| 21 to 25 | 125% to 202% | 131% to 212% |
### Premium Payment Term: 15-Pay
### Policy Term: 10 -25 years
| Policy Year | Terminal Bonus | |
|---|---|---|
| | Surrender | Death or Maturity |
| 5 to 10 | 3% to 36% | 3% to 38% |
| 11 to 20 | 23% to 190% | 25% to 200% |
| 21 to 25 | 115% to 196% | 121% to 206% |
### Premium Payment Term: 12-Pay
### Policy Term: Up to 99 ANB
| Policy Year | Terminal Bonus | |
|---|---|---|
| | Surrender | Death or Maturity |
| 5 to 10 | 0% to 20% | 0% to 21% |
| 11 to 20 | 3% to 101% | 3% to 106% |
| 21 to 30 | 12% to 283% | 13% to 297% |
| 31 to 40 | 29% to 358% | 31% to 376% |
| 41 to 50 | 54% to 376% | 56% to 395% |
| 51 to 60 | 87% to 405% | 91% to 426% |
| 61 to 70 | 131% to 419% | 138% to 440% |
| 71 to 80 | 188% to 429% | 197% to 450% |
| 81 to 90 | 260% to 441% | 273% to 463% |
| 91 to 98 | 353% to 437% | 370% to 464% |
### Premium Payment Term: 15-Pay
### Policy Term: Up to 99 ANB
| Policy Year | Terminal Bonus | |
|---|---|---|
| | Surrender | Death or Maturity |
| 5 to 10 | 0% to 15% | 0% to 16% |
| 11 to 20 | 3% to 78% | 3% to 82% |
| 21 to 30 | 12% to 224% | 13% to 235% |
| 31 to 40 | 28% to 315% | 29% to 331% |
| 41 to 50 | 52% to 340% | 54% to 357% |
| 51 to 60 | 84% to 380% | 88% to 399% |
| 61 to 70 | 126% to 397% | 132% to 417% |
| 71 to 80 | 180% to 408% | 189% to 429% |
| 81 to 90 | 250% to 423% | 263% to 444% |
| 91 to 98 | 339% to 425% | 353% to 446% |
### Premium Payment Term: 18-Pay
### Policy Term: 10 -25 years
| Policy Year | Terminal Bonus | |
|---|---|---|
| | Surrender | Death or Maturity |
| 5 to 10 | 3% to 27% | 4% to 28% |
| 11 to 20 | 25% to 154% | 27% to 162% |
| 21 to 25 | 124% to 209% | 130% to 221% |
### Premium Payment Term: 20-Pay
### Policy Term: 10 -25 years
| Policy Year | Terminal Bonus | |
|---|---|---|
| | Surrender | Death or Maturity |
| 5 to 10 | 3% to 24% | 3% to 25% |
| 11 to 20 | 23% to 132% | 24% to 139% |
| 21 to 25 | 114% to 205% | 119% to 215% |
### Premium Payment Term: 18-Pay
### Policy Term: Up to 99 ANB
| Policy Year | Terminal Bonus | |
|---|---|---|
| | Surrender | Death or Maturity |
| 5 to 10 | 0% to 11% | 0% to 12% |
| 11 to 20 | 3% to 59% | 3% to 62% |
| 21 to 30 | 12% to 172% | 12% to 180% |
| 31 to 40 | 27% to 275% | 28% to 289% |
| 41 to 50 | 50% to 311% | 52% to 327% |
| 51 to 60 | 81% to 357% | 85% to 375% |
| 61 to 70 | 121% to 377% | 128% to 396% |
| 71 to 80 | 174% to 389% | 183% to 408% |
| 81 to 90 | 241% to 407% | 253% to 427% |
| 91 to 98 | 327% to 409% | 344% to 430% |
### Premium Payment Term: 20-Pay
### Policy Term: Up to 99 ANB
| Policy Year | Terminal Bonus | |
|---|---|---|
| | Surrender | Death or Maturity |
| 5 to 10 | 0% to 10% | 0% to 10% |
| 11 to 20 | 3% to 49% | 3% to 50% |
| 21 to 30 | 12% to 139% | 127% to 146% |
| 31 to 40 | 27% to 250% | 29% to 262% |
| 41 to 50 | 50% to 294% | 53% to 309% |
| 51 to 60 | 82% to 343% | 86% to 361% |
| 61 to 70 | 123% to 367% | 129% to 385% |
| 71 to 80 | 176% to 381% | 185% to 400% |
| 81 to 90 | 244% to 401% | 256% to 421% |
| 91 to 98 | 330% to 405% | 347% to 426% |
---
[p.13]
### Premium Payment Term: 12-Pay
### Policy Term: 10 -25 years
| Policy Year | Terminal Bonus | |
|---|---|---|
| | Surrender | Death or Maturity |
| 5 to 10 | 3% to 46% | 4% to 49% |
| 11 to 20 | 25% to 177% | 27% to 186% |
| 21 to 25 | 125% to 202% | 131% to 212% |
### Premium Payment Term: 15-Pay
### Policy Term: 10 -25 years
| Policy Year | Terminal Bonus | |
|---|---|---|
| | Surrender | Death or Maturity |
| 5 to 10 | 3% to 36% | 3% to 38% |
| 11 to 20 | 23% to 190% | 25% to 200% |
| 21 to 25 | 115% to 196% | 121% to 206% |
### Premium Payment Term: 12-Pay
### Policy Term: Up to 99 ANB
| Policy Year | Terminal Bonus | |
|---|---|---|
| | Surrender | Death or Maturity |
| 5 to 10 | 0% to 20% | 0% to 21% |
| 11 to 20 | 3% to 101% | 3% to 106% |
| 21 to 30 | 12% to 283% | 13% to 297% |
| 31 to 40 | 29% to 358% | 31% to 376% |
| 41 to 50 | 54% to 376% | 56% to 395% |
| 51 to 60 | 87% to 405% | 91% to 426% |
| 61 to 70 | 131% to 419% | 138% to 440% |
| 71 to 80 | 188% to 429% | 197% to 450% |
| 81 to 90 | 260% to 441% | 273% to 463% |
| 91 to 98 | 353% to 437% | 370% to 464% |
### Premium Payment Term: 15-Pay
### Policy Term: Up to 99 ANB
| Policy Year | Terminal Bonus | |
|---|---|---|
| | Surrender | Death or Maturity |
| 5 to 10 | 0% to 15% | 0% to 16% |
| 11 to 20 | 3% to 78% | 3% to 82% |
| 21 to 30 | 12% to 224% | 13% to 235% |
| 31 to 40 | 28% to 315% | 29% to 331% |
| 41 to 50 | 52% to 340% | 54% to 357% |
| 51 to 60 | 84% to 380% | 88% to 399% |
| 61 to 70 | 126% to 397% | 132% to 417% |
| 71 to 80 | 180% to 408% | 189% to 429% |
| 81 to 90 | 250% to 423% | 263% to 444% |
| 91 to 98 | 339% to 425% | 353% to 446% |
### Premium Payment Term: 18-Pay
### Policy Term: 10 -25 years
| Policy Year | Terminal Bonus | |
|---|---|---|
| | Surrender | Death or Maturity |
| 5 to 10 | 3% to 27% | 4% to 28% |
| 11 to 20 | 25% to 154% | 27% to 162% |
| 21 to 25 | 124% to 209% | 130% to 221% |
### Premium Payment Term: 20-Pay
### Policy Term: 10 -25 years
| Policy Year | Terminal Bonus | |
|---|---|---|
| | Surrender | Death or Maturity |
| 5 to 10 | 3% to 24% | 3% to 25% |
| 11 to 20 | 23% to 132% | 24% to 139% |
| 21 to 25 | 114% to 205% | 119% to 215% |
### Premium Payment Term: 18-Pay
### Policy Term: Up to 99 ANB
| Policy Year | Terminal Bonus | |
|---|---|---|
| | Surrender | Death or Maturity |
| 5 to 10 | 0% to 11% | 0% to 12% |
| 11 to 20 | 3% to 59% | 3% to 62% |
| 21 to 30 | 12% to 172% | 12% to 180% |
| 31 to 40 | 27% to 275% | 28% to 289% |
| 41 to 50 | 50% to 311% | 52% to 327% |
| 51 to 60 | 81% to 357% | 85% to 375% |
| 61 to 70 | 121% to 377% | 128% to 396% |
| 71 to 80 | 174% to 389% | 183% to 408% |
| 81 to 90 | 241% to 407% | 253% to 427% |
| 91 to 98 | 327% to 409% | 344% to 430% |
### Premium Payment Term: 20-Pay
### Policy Term: Up to 99 ANB
| Policy Year | Terminal Bonus | |
|---|---|---|
| | Surrender | Death or Maturity |
| 5 to 10 | 0% to 10% | 0% to 10% |
| 11 to 20 | 3% to 49% | 3% to 50% |
| 21 to 30 | 12% to 139% | 127% to 146% |
| 31 to 40 | 27% to 250% | 29% to 262% |
| 41 to 50 | 50% to 294% | 53% to 309% |
| 51 to 60 | 82% to 343% | 86% to 361% |
| 61 to 70 | 123% to 367% | 129% to 385% |
| 71 to 80 | 176% to 381% | 185% to 400% |
| 81 to 90 | 244% to 401% | 256% to 421% |
| 91 to 98 | 330% to 405% | 347% to 426% |
---
[p.14]
### Premium Payment Term: 25-Pay
### Policy Term: Up to 99 ANB
| Policy Year | Terminal Bonus | |
|---|---|---|
| | Surrender | Death or Maturity |
| 6 to 10 | 0% to 7% | 0% to 7% |
| 11 to 20 | 2% to 34% | 2% to 36% |
| 21 to 30 | 10% to 90% | 11% to 95% |
| 31 to 40 | 25% to 182% | 26% to 191% |
| 41 to 50 | 45% to 240% | 47% to 252% |
| 51 to 60 | 73% to 296% | 77% to 311% |
| 61 to 70 | 110% to 323% | 116% to 339% |
| 71 to 80 | 158% to 340% | 166% to 357% |
| 81 to 90 | 219% to 360% | 230% to 378% |
| 91 to 98 | 297% to 364% | 312% to 382% |
---
### https://lifeinsurance.com.sg/api/product/singlife/singlife-steadypay-saver/summary.md
# Singlife
Steadypay Saver
**Insurer:** Singlife (Singapore Life Ltd.)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/196900499K/SinglifeSteadypaySaver_PS_Dec25.pdf
## Source wording
- **Effective from:** (not stated in document)
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/196900499K/SinglifeSteadypaySaver_PS_Dec25.pdf
- **PDF sha256:** `38f1b57257ec22809054231b86ca1fde63af9e81561dc41adbebdf98ee398271`
- **Extraction confidence:** verified
## Extracted facts
### claims
```json
{
"source_page": 7,
"direct_settlement": true
}
```
### 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. Please refer to the respective Supplementary Benefits' Terms and Conditions for the full details of exclusions.",
"source_page": 2,
"available_at_inception": true,
"available_after_inception": true
}
]
```
### free look
```json
{
"period_days": 14,
"source_page": 7,
"refund_basis": "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."
}
```
### 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 prior to the date of death.",
"source_page": 6
},
{
"text": "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.",
"source_page": 6
},
{
"text": "Terminal Illness in the presence of HIV infection is excluded.",
"source_page": 6
}
]
```
### cash values
```json
{
"has_cash_value": true,
"non_guaranteed_bonus": {
"text": "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. All bonuses are not guaranteed and depend on the performance of Our Participating Fund.",
"available": true,
"bonus_types": [
"reversionary",
"terminal"
],
"source_page": 1,
"par_fund_name": "Singapore Life Ltd.'s Participating Fund"
},
"guaranteed_surrender_value": {
"basis": "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. The Guaranteed Cash Surrender Value is used in the Death Benefit calculation as the higher of 101% of Total Premiums Paid less Guaranteed Cash Benefits paid, or the Guaranteed Cash Surrender Value.",
"available": true,
"source_page": 1
}
}
```
### policy loan
```json
{
"available": true,
"source_page": 3,
"interest_basis": "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.",
"max_percent_of_cash_value": 65
}
```
### grace period
```json
{
"days": 30,
"source_page": 2
}
```
### product type
```json
"endowment"
```
### 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": 68,
"source_page": 2
},
"minimum_entry_age": {
"basis": "age-next-birthday",
"years": 1,
"source_page": 2
},
"maximum_policy_term_years": 25,
"minimum_policy_term_years": 12
}
```
### premium terms
```json
{
"cpf_eligible": {
"srs": false,
"special_account": false,
"ordinary_account": false
},
"payment_modes": [
"annual",
"semi-annual",
"quarterly",
"monthly"
],
"premium_term_options": [
{
"label": "12-pay",
"description": "limited premium payment term of 12 years",
"source_page": 2
},
{
"label": "15-pay",
"description": "limited premium payment term of 15 years",
"source_page": 2
},
{
"label": "18-pay",
"description": "limited premium payment term of 18 years",
"source_page": 2
},
{
"label": "25-pay",
"description": "limited premium payment term of 25 years",
"source_page": 2
}
],
"premium_review_clause": {
"text": "Premium rates are guaranteed throughout the premium payment term.",
"reviewable": false,
"source_page": 2
}
}
```
### non forfeiture
```json
{
"paid_up": {
"text": "Not mentioned in the product summary.",
"available": false
},
"source_page": 3,
"extended_term": {
"text": "Not mentioned in the product summary.",
"available": false
},
"automatic_premium_loan": {
"text": "Not mentioned in the product summary.",
"available": false
}
}
```
### suicide clause
```json
{
"source_page": 6,
"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 prior to the date of death.",
"exclusion_period_months": 12
}
```
### document metadata
```json
{
"product_full_name": "Singlife Steadypay Saver",
"insurer_legal_entity": "Singapore Life Ltd.",
"product_summary_pdf_url": "https://singlife.com/en/make-a-claim/"
}
```
### terminal illness benefit
```json
{
"available": true,
"source_page": 1,
"acceleration_percent": 100,
"qualifying_definition": "\"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."
}
```
---
*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.*
---
### https://lifeinsurance.com.sg/api/product/singlife/singlife-steadypay-saver/wording.md
# 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]
---
### https://lifeinsurance.com.sg/api/product/singlife/singlife-whole-life-choice/summary.md
# Singlife Whole
Life Choice
**Insurer:** Singlife (Singapore Life Ltd.)
**MAS licence:** —
**Insurer product page:** https://www.comparefirst.sg/wap/prodSummaryPdf/196900499K/SinglifeWholeLifeChoice_PS_NCI_Dec25.pdf
## Source wording
- **Effective from:** (not stated in document)
- **Ingested:** 2026-06-05
- **PDF source:** https://www.comparefirst.sg/wap/prodSummaryPdf/196900499K/SinglifeWholeLifeChoice_PS_NCI_Dec25.pdf
- **PDF sha256:** `e3775a30ad60c0a9078c76c142b6b4833745fb04e7587954ab1fcce45c5d8aa4`
---
*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.*
---
### https://lifeinsurance.com.sg/api/product/singlife/singlife-whole-life-choice/wording.md
# PRODUCT SUMMARY
## Singlife Whole Life Choice
[p.1]
### 1. DESCRIPTION OF PRODUCT
This is a whole life insurance plan with limited premium payment term that provides protection against death and Terminal Illness.
This plan comprises of a Base Cover and an Additional Cover. The Base Cover provides whole of life coverage and the Additional Cover provides additional coverage (on top of the Base Cover) during the Additional Cover Period only. The Base Cover of this plan participates in the performance of Our Participating Fund in the form of non-guaranteed bonuses while the Additional Cover of this plan is a non-participating benefit. The Base Sum Assured of this basic plan is the chosen Sum Assured for the Base Cover and the Additional Sum Assured of this basic plan is the Sum Assured for the Additional Cover.
This plan also offers a range of optional Supplementary Benefits for You to tailor this plan to meet Your protection needs.
Note: "You"/ "Your" relates to the Policyholder. "We"/ "Us"/ "Our"/ "the Company" relates to Singapore Life Ltd.
### Product At-a-glance
* Choose the amount of insurance cover that best meet Your protection needs, by deciding on the following:
* (a) Base Sum Assured; and
* (b) Additional Cover percentage (Options of 100%, 200%, 300% or 400% of Base Sum Assured).
* Choice of Additional Cover age: 65, 70, 75, 80 or 85 Age Next Birthday (ANB).
* Starting from the Policy Anniversary when Life Assured reaches Additional Cover age, the Additional Cover reduces by 12.5% every policy year for a period of 8 years until it becomes zero.
* Select Your preferred premium payment term: 10 years, 15 years, 20 years, 25 years or up to 65 ANB.
* Choose to pay Your premiums either monthly, quarterly, half-yearly or yearly.
* Premium rates for this plan are level and guaranteed.
* Pays a lump sum if the Life Assured suffers from a Terminal Illness or dies.
* **Guaranteed Extra Protection Option:** Option to increase the protection coverage without evidence of insurability upon certain life stage events.
* **Income Payout Option:** Option to receive a stream of monthly income, and You will have the flexibility to determine the proportion of the Guaranteed Cash Value to be utilised and the payout term.
* **Retrenchment Benefit:** Waives premium if involuntarily unemployed.
* Benefit from the accumulation of guaranteed cash value and the non-guaranteed Reversionary Bonus and Terminal Bonus on the Base Cover.
* **Life Stage Withdrawal Benefit:** Flexibility to withdraw accumulated reversionary bonuses without surrender charge upon certain life stage events.
* Add on Supplementary Benefits to enhance Your insurance cover for the extra peace of mind.
---
### 2. PLAN FEATURES AND BENEFITS
[p.2]
#### 2.1 INSURANCE COVERAGE AVAILABLE
##### A. DEATH BENEFIT
We will pay the following upon death of the Life Assured provided that the Income Payout Option is not opted for:
| | |
|---|---|
| **(1) Prior to the Policy Anniversary when the Additional Cover is reduced to zero, We will pay the sum of:** | **(2) On or after the Policy Anniversary when the Additional Cover is reduced to zero, We will pay the sum of:** |
| (i) the Base Sum Assured; | (i) the Base Sum Assured; |
| (ii) the Additional Sum Assured; | (ii) any accumulated Reversionary Bonus; and |
| (iii) any accumulated Reversionary Bonus; and | (iii) any Terminal Bonus; |
| (iv) any Terminal Bonus; | |
| less any amounts owing to Us in one lump sum. | less any amounts owing to Us in one lump sum. |
##### Additional Cover and Additional Cover Period
(a) The Additional Cover is the additional protection coverage that is applicable during the Additional Cover Period for the Basic Benefits (i.e. Death Benefit and Terminal Illness Benefit) and selected Supplementary Benefits. The Additional Sum Assured is calculated as Additional Cover percentage of 100%, 200%, 300% or 400% multiplied by the Base Sum Assured of the basic plan or of the applicable Supplementary Benefits.
(b) Starting from the Policy Anniversary when the Life Assured reaches the Additional Cover Age, the Additional Cover reduces by 12.5% every policy year for a period of 8 years until it becomes zero. Please refer to the Additional Cover percentage table below for illustration.
| T = Additional Cover Age Next Birthday on Policy Anniversary | Additional Cover % chosen | | | |
|---|---|---|---|---|
| | 100% | 200% | 300% | 400% |
| | | Reduced Additional Cover % | | |
| T | 87.5% | 175.0% | 262.5% | 350.0% |
| T+1 | 75.0% | 150.0% | 225.0% | 300.0% |
| T+2 | 62.5% | 125.0% | 187.5% | 250.0% |
| T+3 | 50.0% | 100.0% | 150.0% | 200.0% |
| T+4 | 37.5% | 75.0% | 112.5% | 150.0% |
| T+5 | 25.0% | 50.0% | 75.0% | 100.0% |
| T+6 | 12.5% | 25.0% | 37.5% | 50.0% |
| T+7 | 0% | 0% | 0% | 0% |
(c) The Additional Sum Assured will reduce accordingly when the Additional Cover reduces.
(d) The Additional Cover percentage is applicable for Basic Benefits (i.e. Death Benefit and Terminal Illness Benefit), and the selected optional Supplementary Benefits (Total and Permanent Disability Advance Cover V, Critical Illness Advance Cover (2025) and Early Critical Illness Advance Cover (2025) only) if attached to the Policy.
(e) The Additional Cover percentage and the Additional Cover age can only be chosen at point of application and it cannot be changed after the Policy is incepted.
(f) The Additional Cover will cease and no longer apply if the Policy is converted to:
* (i) Reduced Paid Up (RPU) Insurance; or
* (ii) Extended Term Insurance (ETI);
whichever is earlier.
After the cessation of the Additional Cover due to abovementioned reasons, the Policy coverage continues based on the:
* (i) RPU sum assured as determined by Us (if the Policy is converted to RPU Insurance); or
* (ii) prevailing Base Sum Assured for a period of cover as determined by Us (if the Policy is converted to an ETI).
##### B. TERMINAL ILLNESS BENEFIT
[p.3]
We will pay the Terminal Illness Benefit in one lump sum, as an advance of the Death Benefit upon diagnosis of Terminal Illness of the Life Assured within the Policy term.
###### Definition of Terminal Illness
"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.
##### C. SUPPLEMENTARY BENEFITS
Subject to Our terms and conditions and provided the Supplementary Benefits are available at the point of Your application, You may request to add on additional Supplementary Benefits to Your Policy while the Policy is in force. 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.
The following Supplementary Benefits can only be added at Policy application and are not available after Policy inception:
(1) Total and Permanent Disability Advance Cover V
(2) Critical Illness Advance Cover (2025); and
(3) Early Critical Illness Advance Cover (2025).
#### 2.2 NON-GUARANTEED BONUSES FROM SINGAPORE LIFE LTD.'S PARTICIPATING FUND
You will enjoy both Reversionary Bonus and Terminal Bonus as We distribute a share of Our Participating Fund profit to You in the form of such bonuses. The Reversionary Bonus is non-guaranteed, but once declared and vested, it forms part of the guaranteed benefit of the Policy. The Terminal Bonus is non-guaranteed and it may be credited upon an insurance claim or surrender of the Policy. These bonuses will only be applicable on the Base Cover and not on the Additional Cover. For more details, please refer to the section on "Non-guaranteed Bonuses Payable".
Where applicable, You may choose to withdraw fully or partially 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.
#### 2.3 SURRENDER BENEFIT
Your Policy will acquire a cash value from the start of the third 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 get if You surrender the Policy early.
If the Income Payout Option is opted for, the cash surrender value will be adjusted for the monthly income paid out. Please refer to the Policy Illustration for details.
#### 2.4 LIFE STAGE WITHDRAWAL BENEFIT
##### FOR LIFE STAGE EVENTS
At a life stage event, You can apply to withdraw the accumulated reversionary bonus without surrender charge, provided the following conditions are met:
(a) the application must be submitted within 90 calendar days from the occurrence of the life stage event;
(b) the life stage event must occur before the policy anniversary when the Life Assured attains 65 ANB;
(c) there is no waiting period before this option is available;
(d) this option can be exercised up to maximum of 2 times, regardless of the number of policies You have with us which offers similar options; and
(e) this option will not be available if You have converted this policy to reduced paid up or extended term insurance.
The life stage events are:
(1) the Life Assured changes the marital status (for e.g., marries, divorces or is widowed);
(2) the Life Assured becomes a parent by having a newborn or legally adopts a child;
(3) the Life Assured purchases a property; or
(4) the Life Assured or the Life Assured's child enrols into tertiary education.
#### 2.5 GUARANTEED EXTRA PROTECTION OPTION
##### FOR LIFE STAGE EVENTS
[p.4]
In the event of any of the following life stage events, You have the option to purchase a new non-participating level term Supplementary Benefit, without evidence of insurability. The life stage events are:
(1) the Life Assured changes the marital status (for e.g., marries, divorces or is widowed);
(2) the Life Assured becomes a parent by having a newborn or legally adopts a child;
(3) the Life Assured purchases a property;
(4) the Life Assured or the Life Assured's child enrols into tertiary education; or
(5) the Life Assured enters full-time employment within one year from tertiary graduation.
The non-participating level term Supplementary Benefit offers protection against death and Terminal Illness of the Life Assured. You can choose the Supplementary Benefit term from 10 years up to 99 ANB of the Life Assured, at every one year interval. Premium will be calculated based on the Life Assured's attained age next birthday when this Supplementary Benefit is added. You must pay the premium for this non-participating level term Supplementary Benefit throughout the Supplementary Benefit term to keep the Supplementary Benefit in force.
You can exercise this option up to 2 times during the lifetime of the Life Assured regardless of the number of Policies You may have which offers such similar option, subject to the following:
(a) the Policy must be fully underwritten and accepted at standard terms without any sub-standard premium loadings, exclusions or counter offers;
(b) the life stage event must occur before the Policy Anniversary immediately following the date on which the Life Assured is 50 ANB;
(c) satisfactory proof to show evidence of the occurrence of the life stage event must be submitted together with the application;
(d) the application must be submitted within 90 calendar days from the occurrence of the life stage event. No waiting period from the Policy inception will be required before You can exercise this option;
(e) the Policy has not been converted to Reduced Paid Up Insurance or Extended Term Insurance;
(f) You have not applied for a claim on the Policy;
(g) no claim has been admitted on the Policy;
(h) it must be taken up on the same Life Assured as the Policy; and
(i) the total coverage that can be taken up under this option regardless of the number of times it is exercised, is limited to:
* (i) 100% of the original Base Sum Assured of the basic plan as agreed at Policy Effective Date; or
* (ii) the maximum limit of SGD500,000 (or its equivalent in the other contract currencies) per life;
whichever is lower, and it shall not exceed the prevailing maximum Sum Assured allowed on a per life basis for death and Terminal Illness coverage, including all other policies with Singapore Life Ltd. and other insurance companies in respect of the same Life Assured.
If You have more than one policy in respect of the same Life Assured which offers such similar option, the maximum Sum Assured that You can exercise under such option is SGD500,000 (or its equivalent in the other contract currencies) per life.
We reserve the right to void the level term Supplementary Benefits added to the Policy if You submit a claim and the date of death, diagnosis or disability (where applicable) of the claim occurred prior to Your application to exercise the Guaranteed Extra Protection Option.
#### 2.6 INCOME PAYOUT OPTION
##### FOR RETIREMENT PLANNING
You may exercise this option to receive monthly income from the Policy to supplement retirement needs. The monthly income is determined based on the following:
(a) The guaranteed cash surrender value available to You at the date when this option is exercised (also referred to as the "Exercise Age") less any amounts owing to Us;
(b) The proportion (in percentage) of the guaranteed cash value available to You that You would like to utilise for this option
* You may choose to utilise up to 80% of the guaranteed cash value available to You for this option;
(c) The payout term, which is the period of time that You start to receive the monthly income (by exercising this option), and when You choose to stop receiving it (referred to as the "Payout End Age"); and
(d) The minimum monthly income allowed is SGD50.
You may request to exercise this option, at each Monthly Anniversary Date, starting from the Policy Anniversary when the Life Assured is 65 ANB or the Premium Cessation Date of the Basic Benefits, whichever is later. The monthly income will start one month after the Exercise Age. You can choose when to stop receiving the monthly income, subject to the following:
| Exercise Age (ANB) | Minimum Payout End Age (ANB) | Minimum Payout Term (Years) | Maximum Payout End Age (ANB) | Maximum Payout Term (Years) |
|---|---|---|---|---|
| 65 | 85 | 20 | | 34 |
| 66 | 85 | 19 | | 33 |
| 67 | 85 | 18 | | 32 |
| 68 | 85 | 17 | | 31 |
| 69 | 85 | 16 | | 30 |
| 70 | 85 | 15 | | 29 |
| 71 | 85 | 14 | | 28 |
| 72 | 85 | 13 | | 27 |
| 73 | 85 | 12 | | 26 |
| 74 | 85 | 11 | | 25 |
| 75 | 85 | 10 | | 24 |
| 76 | 86 | 10 | 99 | 23 |
| 77 | 87 | 10 | | 22 |
| 78 | 88 | 10 | | 21 |
| 79 | 89 | 10 | | 20 |
| 80 | 90 | 10 | | 19 |
| 81 | 91 | 10 | | 18 |
| 82 | 92 | 10 | | 17 |
| 83 | 93 | 10 | | 16 |
| 84 | 94 | 10 | | 15 |
| 85 | 95 | 10 | | 14 |
| 86 | 96 | 10 | | 13 |
| 87 | 97 | 10 | | 12 |
| 88 | 98 | 10 | | 11 |
| 89 | 99 | 10 | | 10 |
The Monthly Anniversary Date means the date in each succeeding month corresponding to the Policy Effective Date, or if such date does not exist, then the last day of that month.
The prevailing minimum monthly income and maximum proportion of the guaranteed cash value that can be utilised for this option are subject to changes according to Our prevailing terms and conditions.
[p.5]
After this option has been exercised, the Policy will continue to provide cover on the Life Assured (which will be adjusted for the monthly income paid out), and cash surrender value (via the surrender benefit). You will also continue to enjoy the Reversionary Bonus (declared on the Base Sum Assured) and the Terminal Bonus.
We will pay the following upon death of the Life Assured:
| | |
|---|---|
| **(1) Prior to the Policy Anniversary when the Additional Cover is reduced to zero, We will pay the higher of:** | **(2) On or after the Policy Anniversary when the Additional Cover is reduced to zero, We will pay the sum of:** |
| (a) the sum of: | (i) 105% of (guaranteed cash value at the date when the option was exercised, less any monthly income paid to date); |
| (i) the Base Sum Assured, less any monthly income paid to date; | (ii) any accumulated Reversionary Bonus; and |
| (ii) the Additional Sum Assured; | (iii) any Terminal Bonus; |
| (iii) any accumulated Reversionary Bonus; and | |
| (iv) any Terminal Bonus; or | less any amounts owing to Us in one lump sum. |
| (b) the sum of: | |
| (i) 105% of (guaranteed cash value at the date when the option was exercised, less any monthly income paid to date); | |
| (ii) the Additional Sum Assured; | |
| (iii) any accumulated Reversionary Bonus; and | |
| (iv) any Terminal Bonus; | |
| less any amounts owing to Us in one lump sum. | |
For details about the surrender benefit after the Income Payout Option has been exercised, please refer to Section 2.3 regarding "Surrender Benefit".
This option can only be exercised once. Once this option is exercised, You would not be able to cancel the Income Payout Option and revert to the original Policy, and You would not be able to make changes to the following:
* the proportion (in percentage) of the guaranteed cash value available to You that You had utilised for this option;
* the Exercise Age; or
* the Payout End Age.
#### 2.7 RETRENCHMENT BENEFIT
##### FOR RETRENCHMENT OR UNEMPLOYMENT
We will waive the instalment premiums payable on the Policy provided that We have received and accepted satisfactory proof that the Life Assured of minimum 17 ANB has been retrenched or unemployed and has remained involuntarily unemployed for a period of 3 consecutive months following the retrenchment or unemployment. Your request must be submitted to Us within 6 months from the date of retrenchment or unemployment.
After You have satisfied the conditions of unemployment or retrenchment, We will waive the instalment premiums payable on the Policy for 12 months from the next premium due date immediately after We received and approved the request. If the remaining premium term is less than 12 months, the instalment premiums payable for the remaining months will be waived.
There is a waiting period of 6 months from the policy issue date before You can exercise this benefit.
Premiums must resume at the end of the waiver of premium period. For premiums that are due for payment and the Life Assured does not satisfy the unemployment conditions, You still need to pay the premiums or Automatic Premium Loan will be advanced to pay for the overdue premiums.
This Retrenchment Benefit can be exercised once per Policy.
You must exercise this benefit before the Policy Anniversary when the Life Assured attains 65 ANB.
#### 2.8 PREMIUM TERM OPTION, FREQUENCY AND METHODS
[p.6]
You can choose to pay Your basic premiums either monthly, quarterly, half-yearly or yearly, in the mode and method specified by Us.
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.
Premium rates for this plan are guaranteed throughout the premium payment term.
#### 2.9 ENTRY AGE AND OWNERSHIP BASIS
##### Entry Age of the Life Assured:
| Premium Payment Term | Minimum Age (ANB) | Maximum Age (ANB) |
|---|---|---|
| 10 years | 1 | 65 |
| 15 years | 1 | 60 |
| 20 years | 1 | 55 |
| 25 years | 1 | 50 |
| Up to 65 ANB | 1 | 55 |
**Entry Age of the Assured (also known as the Policyholder):** At least 17 ANB.
**Ownership basis:** Single Life or Third Party (based on Husband-and-Wife basis for Life Assured 17 ANB and above, and Juvenile Life basis for Life Assured 18 ANB and below).
#### 2.10 POLICY LOAN
If You have not exercised the Income Payout Option, You may opt for a Policy Loan of up to 90% of the cash surrender value less any amounts 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.
### 3. SINGAPORE LIFE LTD.'S PARTICIPATING FUND
#### 3.1 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 SGD5 per SGD1,000 of the Base Sum Assured. Once bonus is added, it forms part of the guaranteed benefit of the Policy and is illustrated to compound at SGD5 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 surrender of the Policy, death of the Life Assured or upon an advance of the Death Benefit.
The TB rate on death or surrender of the Policy# (as a % of accumulated Reversionary Bonus) 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.**
[p.7]
#### 3.2 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.
##### 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.
[p.8]
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.
##### 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
[p.9]
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 favorable. 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) | 5.00 | 5.00 | 5.00 |
| Per 1,000 of Accumulated RB (SGD) | 5.00 | 5.00 | 5.00 |
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.
##### 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.
[p.10]
### 4. ADDITIONAL INFORMATION
#### 4.1 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.
#### 4.2 General Exclusions
(i) No benefit shall be payable under the Policy if death is caused by 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 void from the date immediately prior to the date of death. We will refund (without interest) the total amount of premiums paid for the Policy from the Policy Issue Date or the date of the last reinstatement of the Policy (whichever is later) to the date of death, less any amounts owing to Us.
(ii) We do not pay the Terminal Illness Benefit for Terminal Illness in the presence of Human Immunodeficiency Virus (HIV) infection.
You are advised to read the policy contract for the full list of exclusions.
#### 4.3 Termination
The Policy ends:
(a) on the date the Life Assured dies;
(b) on the date We pay the Death Benefit or an advance of the Death Benefit in full;
(c) upon the expiry of the 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,
whichever is the earliest.
If You write to Us to terminate Your Policy, there will not be any prorated refund of premiums and Your Policy will terminate from the premium due date immediately following the date We accept Your written request for termination.
#### 4.4 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/claims for the claim procedures.
#### 4.5 Free Look
You have 14 days from the date You receive this Policy to decide whether You want to continue with it. If You do not want to continue, You may write to Us to cancel this Policy. As long as You have not made any claim under this Policy, We will cancel this Policy from its Policy Effective Date and refund the premiums You paid without interest and less any expenses spent in considering Your application and issuing this Policy.
If the Policy was sent to You by post, We consider it received 7 days after posting. If the Policy was sent to You electronically, We consider it delivered on the date of transmission.
#### 4.6 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.
[p.11]
#### 4.7 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. If 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.
#### 4.8 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 websites (www.lia.org.sg or www.sdic.org.sg).
#### 4.9 Details of the Insurer
This plan is underwritten by Singapore Life Ltd. Website: www.singlife.com.
---
## Appendix A – Terminal Bonus
[p.13]
### Terminal Bonus table at the illustrated investment rate of return of 4.25% p.a. (Base Cover – Death Benefit)
#### Premium Payment Term: 10 years
| Entry Age (ANB) | Policy Year | | | | | | |
|---|---|---|---|---|---|---|---|
| | 1 to 10 | 11 to 20 | 21 to 30 | 31 to 40 | 41 to 50 | 51 to 60 | > 60 |
| 1 to 10 | 0% to 9% | 45% to 122% | 123% to 170% | 169% to 215% | 212% to 251% | 246% to 284% | 278% to 394% |
| 11 to 20 | 0% to 9% | 43% to 117% | 118% to 164% | 162% to 208% | 204% to 243% | 239% to 274% | 270% to 356% |
| 21 to 30 | 0% to 8% | 41% to 112% | 112% to 158% | 156% to 200% | 197% to 234% | 230% to 265% | 260% to 318% |
| 31 to 40 | 0% to 8% | 24% to 118% | 86% to 161% | 130% to 200% | 175% to 231% | 215% to 259% | 247% to 280% |
| 41 to 50 | 0% to 7% | 13% to 78% | 64% to 123% | 111% to 169% | 165% to 213% | 209% to 243% | 209% to 243% |
| 51 to 60 | 0% to 7% | 9% to 58% | 55% to 106% | 109% to 175% | 166% to 205% | 171% to 205% | 171% to 205% |
| 61 to 65 | 0% to 7% | 8% to 50% | 54% to 115% | 113% to 168% | 152% to 168% | 152% to 168% | 152% to 168% |
### Terminal Bonus table at the illustrated investment rate of return of 4.25% p.a. (Base Cover – Surrender Benefit)
#### Premium Payment Term: 10 years
| Entry Age (ANB) | Policy Year | | | | | | |
|---|---|---|---|---|---|---|---|
| | 1 to 10 | 11 to 20 | 21 to 30 | 31 to 40 | 41 to 50 | 51 to 60 | > 60 |
| 1 to 10 | 0% to 4% | 40% to 117% | 118% to 165% | 164% to 210% | 207% to 246% | 241% to 279% | 273% to 389% |
| 11 to 20 | 0% to 4% | 38% to 112% | 113% to 159% | 157% to 203% | 199% to 238% | 234% to 269% | 265% to 351% |
| 21 to 30 | 0% to 3% | 36% to 107% | 107% to 153% | 151% to 195% | 192% to 229% | 225% to 260% | 255% to 313% |
| 31 to 40 | 0% to 3% | 19% to 113% | 81% to 156% | 125% to 195% | 170% to 226% | 210% to 254% | 242% to 275% |
| 41 to 50 | 0% to 2% | 8% to 73% | 59% to 118% | 106% to 164% | 160% to 208% | 204% to 238% | 204% to 238% |
| 51 to 60 | 0% to 2% | 4% to 53% | 50% to 101% | 104% to 170% | 161% to 200% | 166% to 200% | 166% to 200% |
| 61 to 65 | 0% to 2% | 3% to 45% | 49% to 110% | 108% to 163% | 147% to 163% | 147% to 163% | 147% to 163% |
### Terminal Bonus table at the illustrated investment rate of return of 4.25% p.a. (Base Cover – Death Benefit)
#### Premium Payment Term: 15 years
| Entry Age (ANB) | Policy Year | | | | | | |
|---|---|---|---|---|---|---|---|
| | 1 to 10 | 11 to 20 | 21 to 30 | 31 to 40 | 41 to 50 | 51 to 60 | > 60 |
| 1 to 10 | 0% to 9% | 34% to 127% | 127% to 177% | 174% to 224% | 218% to 261% | 254% to 295% | 286% to 410% |
| 11 to 20 | 0% to 8% | 32% to 120% | 120% to 168% | 165% to 213% | 207% to 248% | 242% to 282% | 273% to 365% |
| 21 to 30 | 0% to 8% | 32% to 116% | 120% to 164% | 165% to 208% | 208% to 245% | 243% to 278% | 275% to 326% |
| 31 to 40 | 0% to 8% | 21% to 127% | 94% to 174% | 143% to 216% | 191% to 250% | 235% to 280% | 270% to 303% |
| 41 to 50 | 0% to 7% | 11% to 85% | 68% to 135% | 120% to 185% | 180% to 234% | 229% to 266% | 229% to 266% |
| 51 to 60 | 0% to 7% | 8% to 61% | 57% to 114% | 117% to 192% | 181% to 225% | 188% to 225% | 188% to 225% |
[p.14]
### Terminal Bonus table at the illustrated investment rate of return of 4.25% p.a. (Base Cover – Surrender Benefit)
#### Premium Payment Term: 15 years
| Entry Age (ANB) | Policy Year | | | | | | |
|---|---|---|---|---|---|---|---|
| | 1 to 10 | 11 to 20 | 21 to 30 | 31 to 40 | 41 to 50 | 51 to 60 | > 60 |
| 1 to 10 | 0% to 4% | 29% to 122% | 122% to 172% | 169% to 219% | 213% to 256% | 249% to 290% | 281% to 405% |
| 11 to 20 | 0% to 3% | 27% to 115% | 115% to 163% | 160% to 208% | 202% to 243% | 237% to 277% | 268% to 360% |
| 21 to 30 | 0% to 3% | 27% to 111% | 115% to 159% | 160% to 203% | 203% to 240% | 238% to 273% | 270% to 321% |
| 31 to 40 | 0% to 3% | 16% to 122% | 89% to 169% | 138% to 211% | 186% to 245% | 230% to 275% | 265% to 298% |
| 41 to 50 | 0% to 2% | 6% to 80% | 63% to 130% | 115% to 180% | 175% to 229% | 224% to 261% | 224% to 261% |
| 51 to 60 | 0% to 2% | 3% to 56% | 52% to 109% | 112% to 187% | 176% to 220% | 183% to 220% | 183% to 220% |
### Terminal Bonus table at the illustrated investment rate of return of 4.25% p.a. (Base Cover – Death Benefit)
#### Premium Payment Term: 20 years
| Entry Age (ANB) | Policy Year | | | | | | |
|---|---|---|---|---|---|---|---|
| | 1 to 10 | 11 to 20 | 21 to 30 | 31 to 40 | 41 to 50 | 51 to 60 | > 60 |
| 1 to 10 | 0% to 8% | 35% to 94% | 132% to 183% | 182% to 231% | 228% to 271% | 264% to 307% | 299% to 411% |
| 11 to 20 | 0% to 8% | 36% to 97% | 137% to 191% | 188% to 243% | 236% to 284% | 276% to 323% | 311% to 400% |
| 21 to 30 | 0% to 8% | 37% to 102% | 142% to 202% | 197% to 258% | 248% to 303% | 290% to 345% | 329% to 390% |
| 31 to 40 | 0% to 8% | 23% to 113% | 118% to 216% | 181% to 270% | 245% to 312% | 301% to 351% | 346% to 380% |
| 41 to 50 | 0% to 7% | 14% to 78% | 93% to 172% | 163% to 237% | 238% to 312% | 301% to 342% | 308% to 342% |
| 51 to 55 | 0% to 7% | 11% to 61% | 87% to 156% | 163% to 250% | 246% to 305% | 289% to 305% | 289% to 305% |
### Terminal Bonus table at the illustrated investment rate of return of 4.25% p.a. (Base Cover – Surrender Benefit)
#### Premium Payment Term: 20 years
| Entry Age (ANB) | Policy Year | | | | | | |
|---|---|---|---|---|---|---|---|
| | 1 to 10 | 11 to 20 | 21 to 30 | 31 to 40 | 41 to 50 | 51 to 60 | > 60 |
| 1 to 10 | 0% to 3% | 30% to 89% | 127% to 178% | 177% to 226% | 223% to 266% | 259% to 302% | 294% to 406% |
| 11 to 20 | 0% to 3% | 31% to 92% | 132% to 186% | 183% to 238% | 231% to 279% | 271% to 318% | 306% to 395% |
| 21 to 30 | 0% to 3% | 32% to 97% | 137% to 197% | 192% to 253% | 243% to 298% | 285% to 340% | 324% to 385% |
| 31 to 40 | 0% to 3% | 18% to 108% | 113% to 211% | 176% to 265% | 240% to 307% | 296% to 346% | 341% to 375% |
| 41 to 50 | 0% to 2% | 9% to 73% | 88% to 167% | 158% to 232% | 233% to 307% | 296% to 337% | 303% to 337% |
| 51 to 55 | 0% to 2% | 6% to 56% | 82% to 151% | 158% to 245% | 241% to 300% | 284% to 300% | 284% to 300% |
### Terminal Bonus table at the illustrated investment rate of return of 4.25% p.a. (Base Cover – Death Benefit)
#### Premium Payment Term: 25 years
| Entry Age (ANB) | Policy Year | | | | | | |
|---|---|---|---|---|---|---|---|
| | 1 to 10 | 11 to 20 | 21 to 30 | 31 to 40 | 41 to 50 | 51 to 60 | > 60 |
| 1 to 10 | 0% to 8% | 43% to 106% | 109% to 202% | 204% to 251% | 252% to 289% | 289% to 323% | 322% to 430% |
| 11 to 20 | 0% to 8% | 43% to 107% | 111% to 206% | 207% to 257% | 255% to 296% | 293% to 332% | 328% to 409% |
| 21 to 30 | 0% to 8% | 44% to 110% | 112% to 213% | 212% to 266% | 262% to 307% | 301% to 345% | 336% to 392% |
| 31 to 40 | 0% to 8% | 23% to 110% | 84% to 214% | 178% to 267% | 241% to 308% | 297% to 346% | 341% to 375% |
| 41 to 50 | 0% to 7% | 14% to 76% | 66% to 170% | 161% to 233% | 235% to 307% | 297% to 337% | 304% to 337% |
[p.15]
### Terminal Bonus table at the illustrated investment rate of return of 4.25% p.a. (Base Cover – Surrender Benefit)
#### Premium Payment Term: 25 years
| Entry Age (ANB) | Policy Year | | | | | | |
|---|---|---|---|---|---|---|---|
| | 1 to 10 | 11 to 20 | 21 to 30 | 31 to 40 | 41 to 50 | 51 to 60 | > 60 |
| 1 to 10 | 0% to 3% | 38% to 101% | 104% to 197% | 199% to 246% | 247% to 284% | 284% to 318% | 317% to 425% |
| 11 to 20 | 0% to 3% | 38% to 102% | 106% to 201% | 202% to 252% | 250% to 291% | 288% to 327% | 323% to 404% |
| 21 to 30 | 0% to 3% | 39% to 105% | 107% to 208% | 207% to 261% | 257% to 302% | 296% to 340% | 331% to 387% |
| 31 to 40 | 0% to 3% | 18% to 105% | 79% to 209% | 173% to 262% | 236% to 303% | 292% to 341% | 336% to 370% |
| 41 to 50 | 0% to 2% | 9% to 71% | 61% to 165% | 156% to 228% | 230% to 302% | 292% to 332% | 299% to 332% |
### Terminal Bonus table at the illustrated investment rate of return of 4.25% p.a. (Base Cover – Death Benefit)
#### Premium Payment Term: Pay up to 65ANB
| Entry Age (ANB) | Policy Year | | | | | | |
|---|---|---|---|---|---|---|---|
| | 1 to 10 | 11 to 20 | 21 to 30 | 31 to 40 | 41 to 50 | 51 to 60 | > 60 |
| 1 to 10 | 0% to 5% | 28% to 73% | 71% to 102% | 99% to 129% | 129% to 160% | 157% to 235% | 192% to 324% |
| 11 to 20 | 0% to 4% | 24% to 68% | 61% to 96% | 91% to 125% | 120% to 190% | 155% to 229% | 201% to 289% |
| 21 to 30 | 0% to 4% | 23% to 63% | 60% to 88% | 89% to 168% | 120% to 193% | 177% to 217% | 198% to 237% |
| 31 to 40 | 0% to 7% | 22% to 79% | 66% to 173% | 90% to 235% | 172% to 292% | 197% to 341% | 221% to 341% |
| 41 to 50 | 0% to 7% | 11% to 90% | 68% to 171% | 120% to 235% | 180% to 300% | 229% to 338% | 229% to 338% |
| 51 to 55 | 0% to 7% | 11% to 61% | 58% to 113% | 109% to 172% | 171% to 221% | 190% to 221% | 190% to 221% |
### Terminal Bonus table at the illustrated investment rate of return of 4.25% p.a. (Base Cover – Surrender Benefit)
#### Premium Payment Term: Pay up to 65ANB
| Entry Age (ANB) | Policy Year | | | | | | |
|---|---|---|---|---|---|---|---|
| | 1 to 10 | 11 to 20 | 21 to 30 | 31 to 40 | 41 to 50 | 51 to 60 | > 60 |
| 1 to 10 | 0% to 0% | 23% to 68% | 66% to 97% | 94% to 124% | 124% to 155% | 152% to 230% | 187% to 319% |
| 11 to 20 | 0% to 0% | 19% to 63% | 56% to 91% | 86% to 120% | 115% to 185% | 150% to 224% | 196% to 284% |
| 21 to 30 | 0% to 0% | 18% to 58% | 55% to 83% | 84% to 163% | 115% to 188% | 172% to 212% | 193% to 232% |
| 31 to 40 | 0% to 2% | 17% to 74% | 61% to 168% | 85% to 230% | 167% to 287% | 192% to 336% | 216% to 336% |
| 41 to 50 | 0% to 2% | 6% to 85% | 63% to 166% | 115% to 230% | 175% to 295% | 224% to 333% | 224% to 333% |
| 51 to 55 | 0% to 2% | 6% to 56% | 53% to 108% | 104% to 167% | 166% to 216% | 185% to 216% | 185% to 216% |
[p.16]
---
# TOTAL AND PERMANENT DISABILITY ADVANCE COVER V
[p.17]
## FEATURES
This is a Supplementary Benefit that offers protection against disability which is total and permanent during the period of the benefit term.
This Supplementary Benefit comprises of a Base Cover which is a participating benefit and an Additional Cover which is a non-participating benefit. The Base Cover provides whole of life coverage and the Additional Cover provides additional coverage (on top of the Base Cover) during the Additional Cover Period only. The Base Sum Assured of this Supplementary Benefit is the chosen Sum Assured of the Base Cover and the Additional Sum Assured of this Supplementary Benefit is the Sum Assured of the Additional Cover.
This Supplementary Benefit advances the Death Benefit of the Policy to which it is attached and does not have any cash value.
The premium rates for this Supplementary Benefit are level and guaranteed. This Supplementary Benefit can only be attached at policy application, and its premium payment term option follows the basic plan.
## BENEFITS
### Total and Permanent Disability Benefit (TPD Benefit)
If the Life Assured becomes totally and permanently disabled as defined in this Supplementary Benefit, provided that the Income Payout Option is not opted for, the TPD Benefit payable (as an advance of the Death Benefit) is as follows:
| | |
|---|---|
| **(1) Prior to the policy anniversary when the Additional Cover is reduced to zero while the policy is in force, We will pay the sum of:** | **(2) On or after the policy anniversary when the Additional Cover is reduced to zero while the policy is in force, We will pay the sum of:** |
| (i) the Base Sum Assured of this Supplementary Benefit; | (i) the Base Sum Assured of this Supplementary Benefit; |
| (ii) the Additional Sum Assured of this Supplementary Benefit; | (ii) any accumulated Reversionary Bonus; and |
| (iii) any accumulated Reversionary Bonus; and | (iii) any Terminal Bonus; |
| (iv) any Terminal Bonus; | |
| less any amounts owing to Us in one lump sum. | less any amounts owing to Us in one lump sum. |
After the Income Payout Option has been exercised, the TPD Benefit payable (as an advance of the Death Benefit) is as follows:
| | |
|---|---|
| **(1) Prior to the policy anniversary when the Additional Cover is reduced to zero while the policy is in force, We will pay the higher of:** | **(2) On or after the policy anniversary when the Additional Cover is reduced to zero while the policy is in force, We will pay the sum of:** |
| (a) the sum of: | (i) 105% of (guaranteed cash value at the date when the option was exercised, less any monthly income paid to date); |
| (i) the Base Sum Assured of this Supplementary Benefit, less any monthly income paid to date; | (ii) any accumulated Reversionary Bonus; and |
| (ii) the Additional Sum Assured of this Supplementary Benefit; | (iii) any Terminal Bonus; |
| (iii) any accumulated Reversionary Bonus; and | |
| (iv) any Terminal Bonus; or | less any amounts owing to Us in one lump sum. |
| (b) the sum of: | |
| (i) 105% of (guaranteed cash value at the date when the option was exercised, less any monthly income paid to date); | |
| (ii) the Additional Sum Assured of this Supplementary Benefit; | |
| (iii) any accumulated Reversionary Bonus; and | |
| (iv) any Terminal Bonus; | |
| less any amounts owing to Us in one lump sum. | |
[p.18]
Starting from the Policy Anniversary when the Life Assured reaches the Additional Cover Age, the Additional Cover reduces by 12.5% every policy year for a period of 8 years until it becomes zero. Please refer to the Additional Cover percentage table below for illustration.
| T = Additional Cover Age Next Birthday on Policy Anniversary | Additional Cover % chosen | | | |
|---|---|---|---|---|
| | 100% | 200% | 300% | 400% |
| | | Reduced Additional Cover % | | |
| T | 87.5% | 175.0% | 262.5% | 350.0% |
| T+1 | 75.0% | 150.0% | 225.0% | 300.0% |
| T+2 | 62.5% | 125.0% | 187.5% | 250.0% |
| T+3 | 50.0% | 100.0% | 150.0% | 200.0% |
| T+4 | 37.5% | 75.0% | 112.5% | 150.0% |
| T+5 | 25.0% | 50.0% | 75.0% | 100.0% |
| T+6 | 12.5% | 25.0% | 37.5% | 50.0% |
| T+7 | 0% | 0% | 0% | 0% |
The Additional Sum Assured will reduce accordingly when the Additional Cover reduces.
Payment of the TPD Benefit reduces the Death Benefit.
* If the TPD Benefit is paid in full such that the Base Sum Assured and Additional Sum Assured (if applicable) of this Supplementary
---
### https://lifeinsurance.com.sg/api/topic/bonus-and-participation/summary.md
# Bonus / Participation
Reversionary bonus, terminal bonus, par-fund returns and bonus
reduction history.
## Cross-insurer comparison
### Income Insurance — AstraLink
*Not extracted from current wording.*
### Income Insurance — Complete Life Secure
*Not extracted from current wording.*
### AIA Singapore — Direct - AIA Term
Cover
*Not extracted from current wording.*
### Great Eastern — DIRECT -
GREAT Life II
*Not extracted from current wording.*
### Great Eastern — DIRECT -
GREAT Term
*Not extracted from current wording.*
### Singlife — DIRECT -
Singlife Term Life
*Not extracted from current wording.*
### Singlife — DIRECT -
Singlife Whole Life
*Not extracted from current wording.*
### Great Eastern — Great
Eastern Cares Term Plan
*Not extracted from current wording.*
### Great Eastern — GREAT Flexi
Goal
*Not extracted from current wording.*
### Great Eastern — GREAT Flexi
Protect Series 3
*Not extracted from current wording.*
### Great Eastern — GREAT Life
Advantage 4
*Not extracted from current wording.*
### Great Eastern — GREAT Life
Multiplier
*Not extracted from current wording.*
### Great Eastern — GREAT
Term
*Not extracted from current wording.*
### Great Eastern — GREAT
Wealth Advantage 4
*Not extracted from current wording.*
### Great Eastern — GREAT
Wealth Multiplier 3
*Not extracted from current wording.*
### Income Insurance — Gro Retire Flex Pro
II
*Not extracted from current wording.*
### Income Insurance — Gro Saver Flex Pro
*Not extracted from current wording.*
### AIA Singapore — AIA Guaranteed Protect
Plus (IV)
*Not extracted from current wording.*
### Income Insurance — Invest Flex
*Not extracted from current wording.*
### AIA Singapore — AIA Platinum Retirement
Elite
*Not extracted from current wording.*
### AIA Singapore — AIA Platinum Wealth
Elite 2.0
*Not extracted from current wording.*
### Great Eastern — Prestige
Legacy Index
*Not extracted from current wording.*
### Great Eastern — Prestige
Life Gold 4 (SGD/USD)
*Not extracted from current wording.*
### AIA Singapore — AIA Pro Achiever 3.0
*Not extracted from current wording.*
### AIA Singapore — AIA Pro Lifetime
Protector (II)
*Not extracted from current wording.*
### Income Insurance — Provenance Solitaire
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Life V
*Not extracted from current wording.*
### Prudential Singapore — PRUActive
LinkGuard
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Retirement
II
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Saver
III
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Term
*Not extracted from current wording.*
### Prudential Singapore — PRULink
InvestGrowth
*Not extracted from current wording.*
### Prudential Singapore — PRUVantage Legacy
Index
*Not extracted from current wording.*
### Prudential Singapore — PRUVantage Wealth
III
*Not extracted from current wording.*
### Prudential Singapore — PRUVital Cover
*Not extracted from current wording.*
### Prudential Singapore — PRUWealth Plus
(SGD)
*Not extracted from current wording.*
### AIA Singapore — AIA Retirement Saver
(IV)
*Not extracted from current wording.*
### AIA Singapore — AIA Secure Flexi Term
*Not extracted from current wording.*
### Singlife — Singlife Elite
Term II
*Not extracted from current wording.*
### Singlife — Singlife Flexi
Life Income II
*Not extracted from current wording.*
### Singlife — Singlife
Heritage Income
*Not extracted from current wording.*
### Singlife — Singlife Legacy
Indexed Income
*Not extracted from current wording.*
### Singlife — Singlife Savvy
Invest II
*Not extracted from current wording.*
### Singlife — Singlife Smart
Saver
*Not extracted from current wording.*
### Singlife — Singlife
Steadypay Saver
*Not extracted from current wording.*
### Singlife — Singlife Whole
Life Choice
*Not extracted from current wording.*
### AIA Singapore — AIA Smart Flexi Rewards
(II)
*Not extracted from current wording.*
### AIA Singapore — AIA Smart Wealth Builder
Series
*Not extracted from current wording.*
### Income Insurance — Star Term Protect
*Not extracted from current wording.*
### Income Insurance — TermLife Solitaire
*Not extracted from current wording.*
---
*Cross-insurer comparison generated from policy wordings ingested into `insurance.wording_facts`. Confidence tiers shown per-product. For current data, always verify against source PDFs.*
---
### https://lifeinsurance.com.sg/api/topic/claims-process/summary.md
# Claims Process
Documents required, who can file, processing timeline, direct
settlement availability.
## Cross-insurer comparison
### Income Insurance — AstraLink
*Not extracted from current wording.*
### Income Insurance — Complete Life Secure
*Not extracted from current wording.*
### AIA Singapore — Direct - AIA Term
Cover
*Not extracted from current wording.*
### Great Eastern — DIRECT -
GREAT Life II
*Not extracted from current wording.*
### Great Eastern — DIRECT -
GREAT Term
*Not extracted from current wording.*
### Singlife — DIRECT -
Singlife Term Life
*Not extracted from current wording.*
### Singlife — DIRECT -
Singlife Whole Life
*Not extracted from current wording.*
### Great Eastern — Great
Eastern Cares Term Plan
*Not extracted from current wording.*
### Great Eastern — GREAT Flexi
Goal
*Not extracted from current wording.*
### Great Eastern — GREAT Flexi
Protect Series 3
*Not extracted from current wording.*
### Great Eastern — GREAT Life
Advantage 4
*Not extracted from current wording.*
### Great Eastern — GREAT Life
Multiplier
*Not extracted from current wording.*
### Great Eastern — GREAT
Term
*Not extracted from current wording.*
### Great Eastern — GREAT
Wealth Advantage 4
*Not extracted from current wording.*
### Great Eastern — GREAT
Wealth Multiplier 3
*Not extracted from current wording.*
### Income Insurance — Gro Retire Flex Pro
II
*Not extracted from current wording.*
### Income Insurance — Gro Saver Flex Pro
*Not extracted from current wording.*
### AIA Singapore — AIA Guaranteed Protect
Plus (IV)
*Not extracted from current wording.*
### Income Insurance — Invest Flex
*Not extracted from current wording.*
### AIA Singapore — AIA Platinum Retirement
Elite
*Not extracted from current wording.*
### AIA Singapore — AIA Platinum Wealth
Elite 2.0
*Not extracted from current wording.*
### Great Eastern — Prestige
Legacy Index
*Not extracted from current wording.*
### Great Eastern — Prestige
Life Gold 4 (SGD/USD)
*Not extracted from current wording.*
### AIA Singapore — AIA Pro Achiever 3.0
*Not extracted from current wording.*
### AIA Singapore — AIA Pro Lifetime
Protector (II)
*Not extracted from current wording.*
### Income Insurance — Provenance Solitaire
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Life V
*Not extracted from current wording.*
### Prudential Singapore — PRUActive
LinkGuard
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Retirement
II
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Saver
III
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Term
*Not extracted from current wording.*
### Prudential Singapore — PRULink
InvestGrowth
*Not extracted from current wording.*
### Prudential Singapore — PRUVantage Legacy
Index
*Not extracted from current wording.*
### Prudential Singapore — PRUVantage Wealth
III
*Not extracted from current wording.*
### Prudential Singapore — PRUVital Cover
*Not extracted from current wording.*
### Prudential Singapore — PRUWealth Plus
(SGD)
*Not extracted from current wording.*
### AIA Singapore — AIA Retirement Saver
(IV)
*Not extracted from current wording.*
### AIA Singapore — AIA Secure Flexi Term
*Not extracted from current wording.*
### Singlife — Singlife Elite
Term II
*Not extracted from current wording.*
### Singlife — Singlife Flexi
Life Income II
*Not extracted from current wording.*
### Singlife — Singlife
Heritage Income
*Not extracted from current wording.*
### Singlife — Singlife Legacy
Indexed Income
*Not extracted from current wording.*
### Singlife — Singlife Savvy
Invest II
*Not extracted from current wording.*
### Singlife — Singlife Smart
Saver
*Not extracted from current wording.*
### Singlife — Singlife
Steadypay Saver
*Not extracted from current wording.*
### Singlife — Singlife Whole
Life Choice
*Not extracted from current wording.*
### AIA Singapore — AIA Smart Flexi Rewards
(II)
*Not extracted from current wording.*
### AIA Singapore — AIA Smart Wealth Builder
Series
*Not extracted from current wording.*
### Income Insurance — Star Term Protect
*Not extracted from current wording.*
### Income Insurance — TermLife Solitaire
*Not extracted from current wording.*
---
*Cross-insurer comparison generated from policy wordings ingested into `insurance.wording_facts`. Confidence tiers shown per-product. For current data, always verify against source PDFs.*
---
### https://lifeinsurance.com.sg/api/topic/cpf-eligibility/summary.md
# CPF / SRS Eligibility
Whether CPF Ordinary Account, Special Account, or SRS funds may be
used to pay premiums.
## Cross-insurer comparison
### Income Insurance — AstraLink
*Not extracted from current wording.*
### Income Insurance — Complete Life Secure
*Not extracted from current wording.*
### AIA Singapore — Direct - AIA Term
Cover
*Not extracted from current wording.*
### Great Eastern — DIRECT -
GREAT Life II
*Not extracted from current wording.*
### Great Eastern — DIRECT -
GREAT Term
*Not extracted from current wording.*
### Singlife — DIRECT -
Singlife Term Life
*Not extracted from current wording.*
### Singlife — DIRECT -
Singlife Whole Life
*Not extracted from current wording.*
### Great Eastern — Great
Eastern Cares Term Plan
*Not extracted from current wording.*
### Great Eastern — GREAT Flexi
Goal
*Not extracted from current wording.*
### Great Eastern — GREAT Flexi
Protect Series 3
*Not extracted from current wording.*
### Great Eastern — GREAT Life
Advantage 4
*Not extracted from current wording.*
### Great Eastern — GREAT Life
Multiplier
*Not extracted from current wording.*
### Great Eastern — GREAT
Term
*Not extracted from current wording.*
### Great Eastern — GREAT
Wealth Advantage 4
*Not extracted from current wording.*
### Great Eastern — GREAT
Wealth Multiplier 3
*Not extracted from current wording.*
### Income Insurance — Gro Retire Flex Pro
II
*Not extracted from current wording.*
### Income Insurance — Gro Saver Flex Pro
*Not extracted from current wording.*
### AIA Singapore — AIA Guaranteed Protect
Plus (IV)
*Not extracted from current wording.*
### Income Insurance — Invest Flex
*Not extracted from current wording.*
### AIA Singapore — AIA Platinum Retirement
Elite
*Not extracted from current wording.*
### AIA Singapore — AIA Platinum Wealth
Elite 2.0
*Not extracted from current wording.*
### Great Eastern — Prestige
Legacy Index
*Not extracted from current wording.*
### Great Eastern — Prestige
Life Gold 4 (SGD/USD)
*Not extracted from current wording.*
### AIA Singapore — AIA Pro Achiever 3.0
*Not extracted from current wording.*
### AIA Singapore — AIA Pro Lifetime
Protector (II)
*Not extracted from current wording.*
### Income Insurance — Provenance Solitaire
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Life V
*Not extracted from current wording.*
### Prudential Singapore — PRUActive
LinkGuard
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Retirement
II
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Saver
III
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Term
*Not extracted from current wording.*
### Prudential Singapore — PRULink
InvestGrowth
*Not extracted from current wording.*
### Prudential Singapore — PRUVantage Legacy
Index
*Not extracted from current wording.*
### Prudential Singapore — PRUVantage Wealth
III
*Not extracted from current wording.*
### Prudential Singapore — PRUVital Cover
*Not extracted from current wording.*
### Prudential Singapore — PRUWealth Plus
(SGD)
*Not extracted from current wording.*
### AIA Singapore — AIA Retirement Saver
(IV)
*Not extracted from current wording.*
### AIA Singapore — AIA Secure Flexi Term
*Not extracted from current wording.*
### Singlife — Singlife Elite
Term II
*Not extracted from current wording.*
### Singlife — Singlife Flexi
Life Income II
*Not extracted from current wording.*
### Singlife — Singlife
Heritage Income
*Not extracted from current wording.*
### Singlife — Singlife Legacy
Indexed Income
*Not extracted from current wording.*
### Singlife — Singlife Savvy
Invest II
*Not extracted from current wording.*
### Singlife — Singlife Smart
Saver
*Not extracted from current wording.*
### Singlife — Singlife
Steadypay Saver
*Not extracted from current wording.*
### Singlife — Singlife Whole
Life Choice
*Not extracted from current wording.*
### AIA Singapore — AIA Smart Flexi Rewards
(II)
*Not extracted from current wording.*
### AIA Singapore — AIA Smart Wealth Builder
Series
*Not extracted from current wording.*
### Income Insurance — Star Term Protect
*Not extracted from current wording.*
### Income Insurance — TermLife Solitaire
*Not extracted from current wording.*
---
*Cross-insurer comparison generated from policy wordings ingested into `insurance.wording_facts`. Confidence tiers shown per-product. For current data, always verify against source PDFs.*
---
### https://lifeinsurance.com.sg/api/topic/document-versioning/summary.md
# Document Versioning
Wording effective-from date, version tag, supersession history.
## Cross-insurer comparison
### Income Insurance — AstraLink
*Not extracted from current wording.*
### Income Insurance — Complete Life Secure
*Not extracted from current wording.*
### AIA Singapore — Direct - AIA Term
Cover
*Not extracted from current wording.*
### Great Eastern — DIRECT -
GREAT Life II
*Not extracted from current wording.*
### Great Eastern — DIRECT -
GREAT Term
*Not extracted from current wording.*
### Singlife — DIRECT -
Singlife Term Life
*Not extracted from current wording.*
### Singlife — DIRECT -
Singlife Whole Life
*Not extracted from current wording.*
### Great Eastern — Great
Eastern Cares Term Plan
*Not extracted from current wording.*
### Great Eastern — GREAT Flexi
Goal
*Not extracted from current wording.*
### Great Eastern — GREAT Flexi
Protect Series 3
*Not extracted from current wording.*
### Great Eastern — GREAT Life
Advantage 4
*Not extracted from current wording.*
### Great Eastern — GREAT Life
Multiplier
*Not extracted from current wording.*
### Great Eastern — GREAT
Term
*Not extracted from current wording.*
### Great Eastern — GREAT
Wealth Advantage 4
*Not extracted from current wording.*
### Great Eastern — GREAT
Wealth Multiplier 3
*Not extracted from current wording.*
### Income Insurance — Gro Retire Flex Pro
II
*Not extracted from current wording.*
### Income Insurance — Gro Saver Flex Pro
*Not extracted from current wording.*
### AIA Singapore — AIA Guaranteed Protect
Plus (IV)
*Not extracted from current wording.*
### Income Insurance — Invest Flex
*Not extracted from current wording.*
### AIA Singapore — AIA Platinum Retirement
Elite
*Not extracted from current wording.*
### AIA Singapore — AIA Platinum Wealth
Elite 2.0
*Not extracted from current wording.*
### Great Eastern — Prestige
Legacy Index
*Not extracted from current wording.*
### Great Eastern — Prestige
Life Gold 4 (SGD/USD)
*Not extracted from current wording.*
### AIA Singapore — AIA Pro Achiever 3.0
*Not extracted from current wording.*
### AIA Singapore — AIA Pro Lifetime
Protector (II)
*Not extracted from current wording.*
### Income Insurance — Provenance Solitaire
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Life V
*Not extracted from current wording.*
### Prudential Singapore — PRUActive
LinkGuard
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Retirement
II
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Saver
III
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Term
*Not extracted from current wording.*
### Prudential Singapore — PRULink
InvestGrowth
*Not extracted from current wording.*
### Prudential Singapore — PRUVantage Legacy
Index
*Not extracted from current wording.*
### Prudential Singapore — PRUVantage Wealth
III
*Not extracted from current wording.*
### Prudential Singapore — PRUVital Cover
*Not extracted from current wording.*
### Prudential Singapore — PRUWealth Plus
(SGD)
*Not extracted from current wording.*
### AIA Singapore — AIA Retirement Saver
(IV)
*Not extracted from current wording.*
### AIA Singapore — AIA Secure Flexi Term
*Not extracted from current wording.*
### Singlife — Singlife Elite
Term II
*Not extracted from current wording.*
### Singlife — Singlife Flexi
Life Income II
*Not extracted from current wording.*
### Singlife — Singlife
Heritage Income
*Not extracted from current wording.*
### Singlife — Singlife Legacy
Indexed Income
*Not extracted from current wording.*
### Singlife — Singlife Savvy
Invest II
*Not extracted from current wording.*
### Singlife — Singlife Smart
Saver
*Not extracted from current wording.*
### Singlife — Singlife
Steadypay Saver
*Not extracted from current wording.*
### Singlife — Singlife Whole
Life Choice
*Not extracted from current wording.*
### AIA Singapore — AIA Smart Flexi Rewards
(II)
*Not extracted from current wording.*
### AIA Singapore — AIA Smart Wealth Builder
Series
*Not extracted from current wording.*
### Income Insurance — Star Term Protect
*Not extracted from current wording.*
### Income Insurance — TermLife Solitaire
*Not extracted from current wording.*
---
*Cross-insurer comparison generated from policy wordings ingested into `insurance.wording_facts`. Confidence tiers shown per-product. For current data, always verify against source PDFs.*
---
### https://lifeinsurance.com.sg/api/topic/exclusions/summary.md
# Exclusions
Circumstances under which the policy will not pay out.
## Cross-insurer comparison
### Income Insurance — AstraLink
```json
[
{
"text": "Death Benefit: The cash-in value at the time we are told about the claim will be paid if the insured commits suicide within one year from the cover start date.",
"source_page": 5
},
{
"text": "Terminal Illness (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": 5
},
{
"text": "Total and Permanent Disability (TPD) 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. Under the definition of total and permanent disability (TPD), if the insured is under 65 years old, he or she must be unable to carry out any occupation or there is total physical loss. The policy does not pay if the insured is merely unable to perform the same job as before, or is unable to perform a job to which his or her training, education or experience is suited for. If the insured becomes totally and permanently disabled when the insured is 65 years old and above, the insured must be suffering from a severe disability or total physical loss. Otherwise, we will not pay the benefit. The policy also does not pay this benefit unless the insured is certified by a registered medical practitioner to have been totally and permanently disabled for at least six months in a row. The aggregate TPD and accidental TPD benefit payable on a single life, inclusive of all policies issued by Income Insurance and by any other insurer cannot be more than S$6.5 million (not including bonuses).",
"source_page": 5
},
{
"text": "Accidental Death and Accidental TPD Benefit is not payable unless death or TPD happens within 365 days of the accident. The benefit is also not payable if accidental death or accidental TPD is caused directly or indirectly by: deliberate acts such as self-inflicted injuries, suicide or attempted suicide; unlawful acts, provoked assault or deliberate exposure to danger; the effects of alcohol, drugs or any dependence; illnesses, psychological conditions or eating disorders; heat stroke; a bad reaction to drugs or medication; the effects of viruses (for example, dengue), bacteria or diseases; the negative effects or complications of medical and surgical care; treatment aimed at improving appearance, such as cosmetic surgery or any treatment relating to a previous cosmetic treatment; radiation or contamination from radioactivity; being in any aircraft, except as a fare-paying passenger in a commercial aircraft or during military operations in peacetime; military, air force or naval operations, except when carried out in peacetime; warlike operations (whether war is declared or not), war, invasion, riot, or any similar event; an accident which happens outside of Singapore, if the insured has been outside Singapore for more than 180 days in a row at the time of the accident; or an act of terrorism. However, we will pay $10,000 or 10% of the sum assured, whichever is lower, on top of the amount we pay for death or TPD benefit.",
"source_page": 5
},
{
"text": "Other Condition: 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": 5
}
]
```
### Income Insurance — Complete Life Secure
```json
[
{
"text": "This policy is not valid if the insured commits suicide within one year from the cover start date.",
"source_page": 8
},
{
"text": "We will not pay the TPD 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": 8
},
{
"text": "We will also not pay the TPD benefit unless the insured is certified by a specialist to have been totally and permanently disabled for at least six months in a row.",
"source_page": 8
},
{
"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": 8
},
{
"text": "We will not pay the Retrenchment Benefit if your claim arises from: retiring, leaving after a probation period, resigning or being dismissed; suffering a psychological condition, disability or illness; taking part in a labour dispute; coming to the end of an employment contract; being involved in a staff-reduction programme or unemployment you knew was going to happen before the cover start date; being employed for less than six months by an employer; or being employed by an employer not incorporated or registered in Singapore.",
"source_page": 8
},
{
"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 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": 9
}
]
```
### AIA Singapore — Direct - AIA Term
Cover
```json
[
{
"text": "If the Insured, whether sane or insane, commits suicide within one year from the issue date or reinstatement date of the basic policy, whichever is later, our liability shall only be limited to the refund of premiums paid without interest.",
"source_page": 2
},
{
"text": "No Terminal Illness Benefit shall be payable under the basic policy for the conditions stated below: i. Terminal Illness other than a diagnosis of Terminal Illness as defined in the Terminal Illness Benefit section above; or ii. where the symptoms of the Terminal Illness first occurred prior to the issue date or reinstatement date of the basic policy, whichever is later, or for which the diagnosis of Terminal Illness was made within thirty (30) days following the issue date or reinstatement date of the basic policy, whichever is later; or iii. where in our opinion, the diagnosis of Terminal Illness of the Insured was directly or indirectly due to Acquired Immunodeficiency Syndrome (AIDS) or infection by any Human Immunodeficiency Virus (HIV); or iv. any pre-existing illnesses, diseases, impairments or conditions from which the Insured is suffering prior to the issue date or reinstatement date, whichever is later, unless the Insured makes a declaration in the application or reinstatement of the basic policy, and such application is specifically accepted by us.",
"source_page": 2
},
{
"text": "The TPD Benefit shall not cover any TPD caused directly or indirectly, wholly or partly, by any one or more of the following occurrences: i. self-destruction or any attempt at self-destruction while sane or insane; or ii. engaging in or taking part in air, military or naval service in time of declared or undeclared war or while under order for warlike operations or restoration of public order; or iii. entering, operating, or servicing, riding in or on, ascending or descending from or with any aerial device or conveyance (except where the Insured is in an aircraft operated by a commercial passenger airline on a regular scheduled passenger trip over its established passenger route or by the Republic of Singapore Air Force).",
"source_page": 2
},
{
"text": "Terminal illness in the presence of HIV infection is excluded.",
"source_page": 1
}
]
```
### Great Eastern — DIRECT -
GREAT Life II
```json
[
{
"text": "We will not pay the death benefit if the life assured dies due to suicide, while sane or insane, within 1 year from the date of issue of the policy or from the date of any reinstatement, the policy will be rendered void and we will refund all premiums paid.",
"source_page": 3
},
{
"text": "We will not pay the TPD benefit for TPD resulting from: (a) self-inflicted injury, while sane or insane; (b) bodily injury sustained while the life assured is in or on an aircraft other than: (i) as a fare-paying passenger or a crew member on an aircraft licensed for passenger service and operated by a regular airline on a scheduled route; or (ii) as a member of the armed forces travelling as a passenger in a military transport aircraft; or (c) any pre-existing condition.",
"source_page": 3
},
{
"text": "We will not pay the terminal illness benefit for: (a) terminal illness in the presence of Human Immunodeficiency Virus (HIV) infection; or (b) terminal illness resulting from any pre-existing condition.",
"source_page": 3
}
]
```
### Great Eastern — DIRECT -
GREAT Term
```json
[
{
"text": "We will not pay the benefit if the life assured commits suicide, while sane or insane, within 1 year from the date we issue the policy or from the date of any reinstatement, whichever is later. The policy will be void.",
"source_page": 3
},
{
"text": "We will not pay any benefit for TPD resulting from: (a) self-inflicted injury, while sane or insane; (b) bodily injury sustained while in or on an aircraft other than: (i) as a fare-paying passenger or a crew member on an aircraft licensed for passenger service and operated by a regular airline on a scheduled route; or (ii) as a member of the armed forces travelling as a passenger in a military transport aircraft; or (c) any pre-existing illness or disability that was not made known to us prior to the date we issue the policy or date of any reinstatement (if applicable).",
"source_page": 3
},
{
"text": "We will not pay any benefit for terminal illness if the life assured has HIV infection.",
"source_page": 3
}
]
```
### Singlife — DIRECT -
Singlife Term Life
```json
[
{
"text": "We will not pay the death benefit if: the life assured commits suicide as stated in section 8.1. Suicide; or your policy ends.",
"source_page": 1
},
{
"text": "We will not pay the terminal illness benefit for terminal illness in the presence of human immunodeficiency virus (HIV) infection.",
"source_page": 1
},
{
"text": "We will not pay the total and permanent disability benefit if your claim is directly or indirectly, wholly or partly caused by or arising from or contributed to by: deliberate acts such as self-inflicted illness or injury, while sane or insane; attempted suicide; injuries sustained during travel on any type of aircraft except as a fare-paying passenger or a crew member of an international airline operating on a regularly-scheduled passenger flight of a licensed commercial aircraft; or any pre-existing condition.",
"source_page": 1
}
]
```
### Singlife — DIRECT -
Singlife Whole Life
```json
[
{
"text": "We will not pay the death benefit if the life assured commits suicide as stated in section 10.1. Suicide.",
"source_page": 2
},
{
"text": "We will not pay the terminal illness benefit for terminal illness in the presence of human immunodeficiency virus (HIV) infection.",
"source_page": 2
},
{
"text": "We will not pay the total and permanent disability benefit if your claim is directly or indirectly, wholly or partly caused by or arising from or contributed to by: deliberate acts such as self-inflicted illness or injury, while sane or insane; attempted suicide; injuries sustained during travel on any type of aircraft except as a fare-paying passenger or a crew member of an international airline operating on a regularly-scheduled passenger flight of a licensed commercial aircraft; or any pre-existing condition.",
"source_page": 2
}
]
```
### Great Eastern — Great
Eastern Cares Term Plan
```json
[
{
"text": "We will not pay the benefit if the life assured dies due to suicide while sane or insane within 12 months from the date we issue the policy or from the date of reinstatement (if applicable) of the policy. The policy will be void. We will refund all the premiums you have paid without interest.",
"source_page": 3
},
{
"text": "We will not pay any benefits for: (a) terminal illness in the presence of Human Immunodeficiency Virus (\"HIV\") infection; or (b) pre-existing terminal illness.",
"source_page": 3
}
]
```
### Great Eastern — GREAT Flexi
Goal
```json
[
{
"text": "We will not pay any benefit for death resulting from: (a) suicide, while sane or insane; or (b) any pre-existing condition, within 12 months from the date we issue the policy or from the date of reinstatement (if applicable) of the policy. The policy will be void. We will refund all the premiums you have paid without interest (after deducting any outstanding debt, and any benefits and/or bonuses paid).",
"source_page": 3
},
{
"text": "We will not pay the benefit for TPD resulting: (a) directly or indirectly, wholly or partly from self-inflicted injury, while sane or insane; (b) directly or indirectly, wholly or partly, from bodily injury sustained while in or on, or boarding or descending from, an aircraft other than as a: (i) fare-paying passenger or crew member on an aircraft licensed for passenger service and operated by a commercial airline on a scheduled route; (ii) passenger who is a member of the armed forces on a military transport aircraft; or (iii) provider of airport ground handling, aviation catering, aircraft engineering or other aviation-related services while the aircraft is on the ground; or (c) pre-existing TPD; or (d) a diagnosis of TPD due to a pre-existing condition within 12 months from the date of issue or from the date of reinstatement (if applicable) of the policy.",
"source_page": 3
},
{
"text": "We will not pay any benefit for: (a) Terminal Illness in the presence of Human Immunodeficiency Virus (\"HIV\") infection; (b) Pre-existing Terminal Illness; or (c) a diagnosis of Terminal Illness due to a Pre-existing Condition within twelve (12) months from the Date of Issue or the date of reinstatement (if applicable) of the Policy.",
"source_page": 3
}
]
```
### Great Eastern — GREAT Flexi
Protect Series 3
*Not extracted from current wording.*
### Great Eastern — GREAT Life
Advantage 4
```json
[
{
"text": "We will not pay the benefit if the life assured dies due to suicide, while sane or insane, within 12 months from the date we issue the policy or from the date of reinstatement (if applicable). We will terminate your policy and pay the account value calculated as the next valuation date following our receipt of notification of the death.",
"source_page": 15
},
{
"text": "For policies issued under simplified underwriting, we will not pay the benefit if the death is due to any pre-existing condition within 12 months from the date we issue the policy or from the date of reinstatement (if applicable).",
"source_page": 15
},
{
"text": "We will not pay any benefits for: (a) TPD resulting directly or indirectly, wholly or partly, from self-inflicted injury, while sane or insane; (b) TPD resulting directly or indirectly, wholly or partly, from bodily injury suffered while the life assured is in or on, or boarding or descending from, an aircraft [with specified exceptions]; or (c) any pre-existing TPD.",
"source_page": 15
},
{
"text": "For policies issued under simplified underwriting, we will not pay the benefit if the TPD is due to any pre-existing condition within 12 months from the date we issue the policy or from the date of reinstatement (if applicable).",
"source_page": 15
},
{
"text": "We will not pay any benefits for: (a) terminal illness in the presence of Human Immunodeficiency Virus (\"HIV\") infection; or (b) pre-existing terminal illness.",
"source_page": 15
},
{
"text": "For policies issued under simplified underwriting, we will not pay the benefit if the terminal illness is due to any pre-existing condition within 12 months from the date we issue the policy or from the date of reinstatement (if applicable).",
"source_page": 15
},
{
"text": "We will not pay any benefit for child cover if: (a) the child is above age 18 next birthday at the time of his death, his suffering from TPD or the diagnosis of his TI; (b) the child's death, or diagnosis of TPD or TI (as the case may be) is within 12 months from: (i) the date we issue your policy; (ii) the date of birth of the child if the child was born after we issued your policy; (iii) the date of legal adoption of the child if the child was legally adopted after we issued your policy; or (iv) the date of any reinstatement of your policy; or (c) we have already paid a claim for child cover in respect of that child.",
"source_page": 15
},
{
"text": "We may reject your claim if the life assured has a pre-existing condition and: has not declared it in the proposal form as required for a new policy (if applicable); or has not declared it in the reinstatement form as required for a reinstatement (if applicable); or has not declared it in the application form as required for an increase in the sum assured (if applicable).",
"source_page": 15
}
]
```
### Great Eastern — GREAT Life
Multiplier
```json
[
{
"text": "If the life assured dies by suicide, while sane or insane, or from any pre-existing condition, within 12 months from the date of issue of the policy or from the date of any reinstatement, the policy will be rendered void and we will refund all premiums paid without interest (after deducting any outstanding debt, and any benefits and/or bonuses paid).",
"source_page": 2
},
{
"text": "Payment of the TPD Benefit will not be made for: (a) Pre-existing TPD; (b) TPD resulting directly or indirectly, wholly or partly, from self-inflicted injury, while sane or insane; (c) TPD resulting directly or indirectly, wholly or partly, from bodily injury sustained while the life assured is in or on, or boarding or descending from, an aircraft other than as a: (i) fare-paying passenger or crew member on an aircraft licensed for passenger service and operated by a commercial airline on a scheduled route; (ii) passenger who is a member of the armed forces on a military transport aircraft; or (iii) provider of airport ground handling, aviation catering, aircraft engineering or other aviation-related services while the aircraft is on the ground; or (d) a diagnosis of TPD due to a pre-existing condition within 12 months from the date of issue of the policy or the date of reinstatement of the policy (if applicable).",
"source_page": 2
},
{
"text": "Payment of the TI Benefit will not be made: (a) pre-existing TI; (b) TI in the presence of Human Immunodeficiency Virus (HIV) infection; or (c) a diagnosis of TI due to a pre-existing condition within 12 months from the date of issue of the policy or the date of reinstatement of the policy (if applicable).",
"source_page": 2
}
]
```
### Great Eastern — GREAT
Term
```json
[
{
"text": "We will not pay the benefit if the life assured commits suicide, while sane or insane, within 1 year from the date we issue the policy or from the date of any reinstatement, whichever is later. The policy will be void.",
"source_page": 2
},
{
"text": "We will not pay the terminal illness benefit for: (a) terminal illness in the presence of HIV infection; or (b) any pre-existing condition.",
"source_page": 2
},
{
"text": "We will not pay the TPD benefit for TPD resulting: (a) directly or indirectly, wholly or partly, from self-inflicted injury, while sane or insane; (b) directly or indirectly, wholly or partly, from bodily injury sustained while in or on, or boarding or descending from, an aircraft other than as a: (i) fare-paying passenger or crew member on an aircraft licensed for passenger service and operated by a commercial airline on a scheduled route; (ii) passenger who is a member of the armed forces on a military transport aircraft; or (iii) provider of airport ground handling, aviation catering, aircraft engineering or other aviation-related services while the aircraft is on the ground; or (c) any pre-existing condition.",
"source_page": 2
}
]
```
### Great Eastern — GREAT
Wealth Advantage 4
```json
[
{
"text": "Death benefit: We will not pay the benefit if the life assured: (a) dies due to suicide, while sane or insane; or (b) dies due to any pre-existing condition, within 12 months from the date we issued the policy or from the date of reinstatement (if applicable). Your policy will be terminated.",
"source_page": 9
},
{
"text": "TPD benefit: We will not pay the benefit for: (a) TPD resulting directly or indirectly, wholly or partly, from self-inflicted injury, while sane or insane; (b) TPD resulting directly or indirectly, wholly or partly, from bodily injury sustained while the life assured is in or on, or boarding or descending from, an aircraft other than as a: (i) fare-paying passenger or a crew member on an aircraft licensed for passenger service and operated by a commercial airline on a scheduled route; (ii) passenger who is a member of the armed forces on a military transport aircraft; or (iii) provider of airport ground handling, aviation catering, aircraft engineering or other aviation-related services while the aircraft is on the ground; (c) any pre-existing TPD; or (d) a diagnosis of TPD due to a pre-existing condition within 12 months from the date of issue or date of reinstatement (if applicable) of the policy.",
"source_page": 9
},
{
"text": "Terminal illness benefit: We will not pay the benefit for: (a) terminal illness in the presence of Human Immunodeficiency Virus (HIV) infection; (b) any pre-existing terminal illness; or (c) a diagnosis of terminal illness due to a pre-existing condition within 12 months from the date of issue or date of reinstatement (if applicable) of the policy.",
"source_page": 9
}
]
```
### Great Eastern — GREAT
Wealth Multiplier 3
```json
[
{
"text": "We will not pay any benefit for death due to: (a) suicide while sane or insane; or (b) any pre-existing condition, within 12 months from the date we issue the policy or from the date of reinstatement (if applicable) of the policy.",
"source_page": 4
},
{
"text": "We will not pay any benefit for TPD resulting directly or indirectly, wholly or partly, from self-inflicted injury, while sane or insane.",
"source_page": 4
},
{
"text": "We will not pay any benefit for TPD resulting directly or indirectly, wholly or partly, from bodily injury sustained while the life assured is in or on, or boarding or descending from, an aircraft other than as a: (i) fare-paying passenger or crew member on an aircraft licensed for passenger service and operated by a commercial airline on a scheduled route; (ii) passenger who is a member of the armed forces on a military transport aircraft; or (iii) provider of airport ground handling, aviation catering, aircraft engineering or other aviation-related services while the aircraft is on the ground.",
"source_page": 4
},
{
"text": "We will not pay any benefit for pre-existing TPD; or a diagnosis of TPD due to a pre-existing condition within 12 months from the date of issue or from the date of reinstatement (if applicable) of the policy.",
"source_page": 4
},
{
"text": "We will not pay any benefit for: (a) pre-existing terminal illness; (b) terminal illness in the presence of Human Immunodeficiency Virus (HIV) infection; or (c) terminal illness due to a pre-existing condition within 12 months from the date of issue or from the date of reinstatement (if applicable) of the policy.",
"source_page": 4
}
]
```
### Income Insurance — Gro Retire Flex Pro
II
```json
[
{
"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
}
]
```
### Income Insurance — Gro Saver Flex Pro
```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
}
]
```
### AIA Singapore — AIA Guaranteed Protect
Plus (IV)
```json
[
{
"text": "If the Insured commits suicide within one year from the policy issue date or date of reinstatement, whichever is later, our liability will be limited to a return of premiums paid without interest.",
"source_page": 6
},
{
"text": "TPD Benefit exclusion: Any disability caused directly or indirectly, wholly or partly, by any of the following occurrences: (a) deliberate acts that endanger oneself, whether sane or insane, including any of the following: (i) while in violation or attempted violation of the law or resistance to arrest; or (ii) suicide or attempted suicide, intentional self-injury, or exposure to exceptional danger (except in an attempt to save human life);",
"source_page": 6
},
{
"text": "TPD Benefit exclusion: (b) engaging in or taking part in air, military or naval service in time of declared or undeclared war or while under order for warlike operations or restoration of public order; or",
"source_page": 6
},
{
"text": "TPD Benefit exclusion: (c) entering, operating, or servicing, riding in or on, ascending or descending from or with any aerial device or conveyance (except where the Insured is in an aircraft operated by a commercial passenger airline on a regular scheduled passenger trip over its established passenger route or by the Republic of Singapore Air Force).",
"source_page": 6
},
{
"text": "If death occurs within the first 13 days of the Insured's date of birth, the total amount payable under the policy is limited to 20% of the Minimum Death Benefit.",
"source_page": 1
}
]
```
### Income Insurance — Invest Flex
```json
[
{
"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
}
]
```
### AIA Singapore — AIA Platinum Retirement
Elite
```json
[
{
"text": "if the Insured, whether sane or insane, commits suicide within one year from the issue date or reinstatement date of the policy, whichever is later",
"source_page": 6
},
{
"text": "any material misrepresentation or concealment during the 2-year period beginning from the issue date or reinstatement date of the policy, whichever is later",
"source_page": 6
},
{
"text": "fraud at any time",
"source_page": 6
},
{
"text": "any Terminal Illness the symptoms of which first occurred prior to the issue date or reinstatement date of your Policy, whichever is later, or for which the diagnosis of Terminal Illness was made within 30 days following the issue date or reinstatement date of your Policy, whichever is later.",
"source_page": 6
},
{
"text": "Terminal Illness in the presence of HIV infection is excluded.",
"source_page": 1
},
{
"text": "where, in our opinion, the Terminal Illness was directly or indirectly due to Acquired Immunodeficiency Syndrome (AIDS) or infection by any Human Immunodeficiency Virus (HIV).",
"source_page": 6
},
{
"text": "Accidental Death Benefit: war (whether declared or, undeclared or otherwise), invasion, civil war, revolution or any warlike operations",
"source_page": 6
},
{
"text": "Accidental Death Benefit: violation or attempted violation of the law or resistance to arrest",
"source_page": 6
},
{
"text": "Accidental Death Benefit: suicide or attempted suicide, intentional self-injury or exposure to exceptional danger (except in an attempt to save human life)",
"source_page": 6
},
{
"text": "Accidental Death Benefit: childbirth, pregnancy or miscarriage or any complications concerning therewith notwithstanding that such event may have been accelerated or induced by Injury, and/or any treatment arising from any such event therefrom",
"source_page": 6
},
{
"text": "Accidental Death Benefit: treatment of alcoholism, drug abuse or any other complications arising there-from, or Accidents caused by or whilst under the influence of drugs or alcohol or drug overdose (whether intentional, accidental or otherwise)",
"source_page": 6
},
{
"text": "Accidental Death Benefit: engaging in air travel (except as a fare-paying passenger in any properly licensed private and/or commercial aircraft, or as a crew member in a properly licensed commercial aircraft operated by a commercial passenger airline on a regular scheduled passenger trip over its established passenger route)",
"source_page": 6
},
{
"text": "Accidental Death Benefit: engaging in a sport in a professional capacity or where the Insured would or could earn income or remuneration from engaging in such sport",
"source_page": 6
},
{
"text": "Accidental Death Benefit: engaging in racing of all kinds (other than on foot and swimming)",
"source_page": 6
},
{
"text": "Accidental Death Benefit: engaging or taking part in air, military, naval training, exercises, manoeuvres, warlike operations or handling of explosives and demolition materials or while under orders for restoration of public order, whether in time of peace, declared, undeclared war or otherwise, except where operationally ready national service duties are carried out in Singapore or overseas (if applicable) pursuant to the Enlistment Act 1970.",
"source_page": 6
}
]
```
### AIA Singapore — AIA Platinum Wealth
Elite 2.0
```json
[
{
"text": "any Terminal Illness the symptoms of which first occurred prior to the Issue Date or Reinstatement Date of your Policy, subject to paragraph (c) below, whichever is later, or for which the Diagnosis of Terminal Illness was made within 30 days following the Issue Date or Reinstatement Date of your Policy, whichever is later.",
"source_page": 8
},
{
"text": "where, in our opinion, the Terminal Illness was directly or indirectly due to Acquired Immunodeficiency Syndrome (AIDS) or infection by any Human Immunodeficiency Virus (HIV).",
"source_page": 8
},
{
"text": "any and all pre-existing illnesses, diseases, impairments or conditions from which the Insured is suffering prior to the Issue Date or Reinstatement Date of your Basic Policy, whichever is later, unless a declaration was made in the application for, or reinstatement of, your Basic Policy and such application is specifically accepted by us.",
"source_page": 8
},
{
"text": "Terminal illness in the presence of HIV infection is excluded.",
"source_page": 3
},
{
"text": "deliberate acts that endanger oneself, whether sane or insane, including any of the following: (i) violation or attempted violation of the law or resistance to arrest; or (ii) suicide or attempted suicide, intentional self injury or exposure to exceptional danger (except in an attempt to save human life) [TPD Rider exclusion]",
"source_page": 18
},
{
"text": "engaging in or taking part in air, military or naval service in time of declared or undeclared war or while under order for warlike operations or restoration of public order [TPD Rider exclusion]",
"source_page": 18
},
{
"text": "entering, operating, or servicing, riding in or on, ascending or descending from or with any aerial device or conveyance (except where the Insured is in an aircraft operated by a commercial passenger airline on a regular scheduled passenger trip over its established passenger route or by the Republic of Singapore Air Force) [TPD Rider exclusion]",
"source_page": 18
}
]
```
### Great Eastern — Prestige
Legacy Index
```json
[]
```
### Great Eastern — Prestige
Life Gold 4 (SGD/USD)
```json
[
{
"text": "We will not pay any benefit for death due to: suicide while sane or insane within 12 months from the date we issue the policy or from the date of reinstatement (if applicable) of the policy.",
"source_page": 4
},
{
"text": "We will not pay any benefit [for terminal illness benefit] if the life assured has Human Immunodeficiency Virus (HIV) infection.",
"source_page": 4
}
]
```
### AIA Singapore — AIA Pro Achiever 3.0
```json
[
{
"text": "If a Secondary Insured was appointed before the death of the Insured, death benefit will not be paid on the death of the Insured.",
"source_page": 1
},
{
"text": "If a Secondary Insured was appointed before the death of the Insured, accidental death benefit will not be payable.",
"source_page": 2
},
{
"text": "Accidental Death Benefit: If the Insured dies due to an injury within 90 days from the date of the accident that occurs within 2 policy years from the issue date of your policy.",
"source_page": 2
},
{
"text": "No reduction in the amount of regular premium shall be allowed until the 4th annual / 8th semi-annual / 16th quarterly / 48th monthly regular premium has been paid.",
"source_page": 11
},
{
"text": "Increase in regular premium amount is not allowed.",
"source_page": 11
},
{
"text": "Premium paid in advance will not be accepted. Back payments of regular premium are not allowed.",
"source_page": 4
},
{
"text": "During the IIP: any dividend payouts from any funds that include the option for you to accept dividend payments will be automatically reinvested into the policy.",
"source_page": 1
}
]
```
### AIA Singapore — AIA Pro Lifetime
Protector (II)
```json
[
{
"text": "if the Insured, regardless of sanity, commits suicide within one year from the issue date or reinstatement date of the policy, whichever is later; our liability shall be limited to 100% of the policy value.",
"source_page": 4
},
{
"text": "any material misrepresentation or concealment during the 2-year period beginning from the issue date or reinstatement date of the policy, whichever is later; our liability shall be limited to 100% of the policy value.",
"source_page": 4
},
{
"text": "fraud at any time; our liability shall be limited to 100% of the policy value.",
"source_page": 4
}
]
```
### Income Insurance — Provenance Solitaire
```json
[
{
"text": "This policy is not valid if the 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": 6
},
{
"text": "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": 6
},
{
"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": 6
},
{
"text": "Provenance Disability Accelerator – The benefit is not payable if the 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. We will also not pay this benefit unless the insured is certified by a registered medical practitioner to have been totally and permanently disabled for at least six months in a row. If the insured is also covered for TPD under any policies which have been issued in the past (whether issued by us or by any other insurer), the total TPD benefit due under all these policies cannot be more than S$6.5 million (including premiums waived due to TPD but excluding bonuses).",
"source_page": 17
}
]
```
### Prudential Singapore — PRUActive Life V
```json
[
{
"text": "If the life assured dies from suicide within 12 months from the cover start date or date of reinstatement (if any) of your policy, we will void your policy. In this case, we cancel it and refund the total premiums received from you. We will first deduct any policy loans (including interest), automatic premium loans (including interest), surgical and nursing loans and all other amounts you owe us in connection with your policy and expenses (including administrative, sales-related and medical expenses) we have had to pay for your policy.",
"source_page": 3
},
{
"text": "If the life assured dies directly or indirectly from an activity under special exclusion or special terms and conditions shown in your certificate of life assurance, we do not pay the sum assured but we will either: refund the total premiums received from you less any policy loans (including interest), automatic premium loans (including interest), surgical and nursing loans and all other amounts you owe us in connection with your policy and expenses (including administrative, sales-related and medical expenses) we have had to pay for your policy; or pay you the surrender value (if any), whichever is higher.",
"source_page": 3
},
{
"text": "We do not pay the Multiplier benefit for accidental death on or after the selected Multiplier benefit age, if the accidental death of the life assured arises directly or indirectly out of one of the following: all claims related to accidents that took place before the cover start date of the policy or date of reinstatement (if any); war or warlike activities, invasion, acts of the foreign enemy, hostilities (whether declared or not), civil war, rebellion, revolution, insurrection, military or usurped powers; direct participation in strikes, riots or civil commotion; terrorism involving the use of nuclear, biological or chemical agents; illnesses or diseases of any kind, including but not limited to, fits, hernia, venereal disease, Acquired Immunodeficiency Syndrome (AIDS) or food poisoning; illnesses or diseases as a result of bite(s) inflicted by, and/or contact with, animal or insect, which animal or insect is infected by, or is a carrier of, such illnesses or diseases; physical or mental defect or infirmity existing at the cover start date or date of reinstatement (if any) of this benefit; accidents arising and due to pregnancy or confinement and related complications; under the influence, misuse or abuse of alcohol, drugs or illegal substance unless taken as prescribed by a registered medical practitioner; committing suicide or attempted suicide or intentional self-injury while sane or insane; unlawful acts, the hand of justice or wilful exposure to unnecessary danger except in the attempt to save a human life; any injury sustained while the life assured is committing or is attempting to commit an offence or is resisting arrest by a law enforcement officer; injuries as a result of committing, attempting or provoking an assault; state of unsound mind; taking part in a hazardous activity or sports unless such activities are carried out on a leisure basis under the supervision of a licensed organisation; taking part in professional or competitive sports where the life assured would or could earn income or remuneration from engaging in such sports; being in an aircraft of any type, or boarding or descending from any aircraft, except as a fare-paying passenger in an aircraft that is on a regular scheduled route operated by a commercial airline; radiation or contamination from radioactivity; racing of all kinds, other than foot or bicycle activities carried out on a leisure basis under the supervision of a licensed organisation; engaging in commando or bomb disposal duties/training, active military duties such as maintenance of civil order, engagement in hostilities, whether war is declared or not, and travel by military aircraft or waterborne vessel. This exclusion overrides all other terms and conditions relating to military services; or an activity under special exclusions and/or special terms and conditions shown on your certificate of life assurance.",
"source_page": 3
},
{
"text": "Terminal Illness in the presence of HIV infection is excluded.",
"source_page": 4
},
{
"text": "We do not pay the Accelerated Terminal Illness benefit if the life assured has already died at the time of the claim; if the symptoms of the terminal illness existed at the cover start date or date of reinstatement (if any) of this benefit; if the life assured is diagnosed as having a terminal illness caused by: self-inflicted injuries while sane or insane; AIDS, AIDS-related complex or infection by HIV except HIV due to blood transfusion and occupationally acquired HIV; using unprescribed drugs if the drugs are required by law to be prescribed by a registered medical practitioner; or an activity under the special exclusions and special terms and conditions shown in your certificate of life assurance.",
"source_page": 4
},
{
"text": "We do not pay the Accelerated Disability benefit if the disability claim was made when the life assured has already died at the time of the claim; happened and the life assured was under 28 days of age; existed at the cover start date or date of reinstatement (if any) of this benefit; or arises directly or indirectly out of: attempted suicide or self-inflicted injuries while sane or insane; travelling on a non-commercial airline except military aircraft; or an activity under special exclusions and special terms and conditions shown in your certificate of life assurance.",
"source_page": 6
},
{
"text": "There are certain conditions (such as death from suicide within 12 months from cover start date or date of reinstatement (if any), or death from an activity under special exclusions or special terms and conditions (if any)) under which no benefits will be payable.",
"source_page": 16
}
]
```
### Prudential Singapore — PRUActive
LinkGuard
```json
[
{
"text": "If the life assured dies from an activity under special exclusion and special terms and conditions shown in your certificate of life assurance, we do not pay the death benefit but we will either: pay you the value of all the units in your account; or refund the total premiums paid by you, minus any withdrawals, whichever is higher, less any outstanding amounts you owe us.",
"source_page": 2
},
{
"text": "If the life assured commits suicide within 12 months from the cover start date or date of reinstatement (if any) of your policy, we will void your policy.",
"source_page": 2
},
{
"text": "We do not pay [Accelerated Terminal Illness Benefit] if the life assured has already died at the time of the claim.",
"source_page": 3
},
{
"text": "We do not pay [Accelerated Terminal Illness Benefit] if the symptoms of the terminal illness existed at the cover start date or date of reinstatement (if any) of this benefit.",
"source_page": 3
},
{
"text": "We do not pay [Accelerated Terminal Illness Benefit] if the life assured is diagnosed as having a terminal illness caused by: self-inflicted injuries while sane or insane; AIDS, AIDS-related complex or infection by HIV except HIV due to a blood transfusion and occupationally acquired HIV; using unprescribed drugs if the drugs are required by law to be prescribed by a registered medical practitioner; or an activity under the special exclusions and special terms and conditions shown on your certificate of life assurance.",
"source_page": 3
},
{
"text": "We do not pay [Total and Permanent Disability Benefit] if the disability claim was made when the life assured had already died at the time of the claim (we will pay the death benefit instead); happened when the life assured was below 28 days old; existed at the cover start date or date of reinstatement (if any) of this benefit; or arises directly or indirectly out of: attempted suicide or self-inflicted injuries while sane or insane; travelling on a non-commercial airline except military aircraft; or an activity under the special exclusions and special terms and conditions shown on your certificate of life assurance.",
"source_page": 5
}
]
```
### Prudential Singapore — PRUActive Retirement
II
```json
[
{
"text": "If the life assured dies from suicide within 12 months from the cover start date of your policy or from the date of reinstatement (if any), we will void your policy, we cancel it and refund the total premiums received from you.",
"source_page": 3
},
{
"text": "If the life assured dies from a pre-existing Condition within 12 months from the cover start date of your policy or from the date of reinstatement (if any), we will refund the total premiums received from you.",
"source_page": 3
},
{
"text": "We do not pay Accidental Disability Benefit if the disability existed at the cover start date or date of reinstatement (if any) of this benefit and if the accidental disability of the life assured arises directly or indirectly out of one of the following: From war, riot, revolution or any similar event; From terrorism involving nuclear, biological or chemical agents; From illnesses or diseases of any kind, including fits, hernia, venereal disease, acquired immunodeficiency syndrome (AIDS) or food poisoning; From illnesses or diseases as a result of bites from, or contact with, an animal or insect, if they are infected by, or is a carrier of, illnesses or diseases; From a physical or mental condition which existed at the cover start date or date of reinstatement (if any) of this benefit; Accidents arising and due to pregnancy or confinement and related complications; Deliberate acts such as taking intoxicating liquor or drugs, committing suicide or attempted suicide or deliberate self-injury while sane or insane; Unlawful acts or deliberate and reckless exposure to unnecessary danger except in trying to save a human life; Any injury suffered while the life assured is committing or is attempting to commit an offence or is resisting arrest; injuries as a result of committing, attempting or provoking an assault; From a state of unsound mind; Taking part in a dangerous activity or sports unless carried out legally under the supervision of a licensed organisation; Taking part in professional or competitive sports if the life assured would or could earn income or pay from doing so; Being in an aircraft of any type, or boarding or getting off any aircraft, except as a fare-paying passenger in an aircraft that is on a regular scheduled route operated by a commercial airline; Radiation or contamination from radioactivity; Racing of all kinds, other than on foot or bicycle; Taking part in commando or bomb-disposal duties or training, active military duties such as maintaining civil order, taking part in hostilities, whether war is declared or not, and travel by military aircraft or waterborne vessel.",
"source_page": 4
}
]
```
### Prudential Singapore — PRUActive Saver
III
```json
[
{
"text": "There are certain conditions (such as death from suicide or Pre-existing Condition within 12 months from Cover Start Date or date of reinstatement (if any)) under which no benefits will be payable. These are stated as exclusions in the policy document.",
"source_page": 1
},
{
"text": "\"Pre-existing Condition\" is the existence of any signs or symptoms for which treatment, medication, consultation, advice or diagnosis has been sought or received by the life assured or would have caused an ordinary prudent person to seek treatment, diagnosis or cure, prior to the Cover Start Date or date of reinstatement (if any) of this benefit.",
"source_page": 1
}
]
```
### Prudential Singapore — PRUActive Term
```json
[
{
"text": "If the life assured dies directly or indirectly from an activity under special exclusion or special terms and conditions shown in your certificate of life assurance, we do not pay the sum assured but we will refund the total premiums, without interest, received from you less expenses (including administrative, sales-related and medical expenses) we have had to pay for your policy.",
"source_page": 2
},
{
"text": "If the life assured dies from suicide within 12 months from the cover start date or date of reinstatement (if any) of your policy, we will make your policy void. In this case, we cancel it and refund the total premiums, without interest, received from you less expenses (including administrative, sales-related and medical expenses) we have had to pay for your policy.",
"source_page": 2
},
{
"text": "Terminal Illness in the presence of HIV infection is excluded.",
"source_page": 2
},
{
"text": "There are certain conditions under which no benefits will be payable. These are stated as exclusions in your policy document. You are advised to read your policy document for the full details of these exclusions.",
"source_page": 6
}
]
```
### Prudential Singapore — PRULink
InvestGrowth
```json
[
{
"text": "If the life assured dies due to a pre-existing condition within 12 months from the cover start date of the policy, we pay the higher of: the value of all the units in the Account; or the total premiums paid less any withdrawals, all outstanding amounts owing to us in connection with the policy and expenses (including but not limited to administrative, sales related and medical expenses, if any) incurred by us on the policy.",
"source_page": 3
},
{
"text": "If the life assured dies due to a pre-existing condition within 12 months from the date of an increase in the premium, we pay the higher of: the value of the units of the respective increase in premium; or the respective increase in premium paid less any withdrawals, all outstanding amounts owing to us in connection with the policy and expenses (including but not limited to administrative, sales related and medical expenses, if any) incurred by us on the policy.",
"source_page": 3
},
{
"text": "If the life assured dies due to a pre-existing condition within 12 months from the date of any top-up, we pay the higher of: the value of the units of the respective top-up; or the respective top-up paid less any withdrawals, all outstanding amounts owing to us in connection with the policy and expenses (including but not limited to administrative, sales related and medical expenses, if any) incurred by us on the policy.",
"source_page": 3
},
{
"text": "A pre-existing condition is the existence of any signs or symptoms for which treatment, medication, consultation, advice or diagnosis has been sought or received by the life assured or would have caused an ordinary prudent person to seek treatment, diagnosis or cure, prior to, the cover start date of this policy or the date of any increase in premium or the date of any top-up.",
"source_page": 3
}
]
```
### Prudential Singapore — PRUVantage Legacy
Index
*Not extracted from current wording.*
### Prudential Singapore — PRUVantage Wealth
III
```json
[
{
"text": "If the life assured dies from suicide within 12 months from the cover start date or date of reinstatement (if any) of your policy, we will void your policy. In this case, we cancel it and refund the total premiums received from you. We will first deduct any withdrawals, dividend payments, all other amounts you owe us in connection with your policy and expenses (including administrative, sales-related and medical expenses) we have had to pay for your policy.",
"source_page": 2
},
{
"text": "If the life assured dies due to a pre-existing condition within 12 months from the cover start date or date of reinstatement (if any) of the policy, we pay the higher of: The value of all the units in your accounts, less the Welcome Bonus* paid to your policy; or The total regular premiums received from you (excluding premiums paid for supplementary benefits) plus top-ups made through the Investment Booster (Lump Sum), if any, less any withdrawals, dividend payments, all amounts you owe us in connection with the policy and expenses (including administrative, sales-related and medical expenses) that we have had to pay for your policy.",
"source_page": 2
},
{
"text": "There are certain conditions such as death from suicide or Pre-existing Condition within 12 months from cover start date under which no benefits will be payable. You are advised to read your policy document for the full details of these exclusions.",
"source_page": 17
}
]
```
### Prudential Singapore — PRUVital Cover
```json
[
{
"text": "If the life assured dies directly or indirectly from an activity under Special Exclusion or Special Terms and Conditions shown on your Certificate of Life Assurance, we do not pay the Death Benefit but will refund the total premiums, without interest, received from you less expenses incurred by us on your policy.",
"source_page": 2
},
{
"text": "If the life assured dies from suicide within 12 months from the Cover Start Date or date of reinstatement of your policy, we will cancel your policy and refund the total premiums, without interest, received from you less expenses incurred by us on your policy.",
"source_page": 2
},
{
"text": "If the life assured dies from a Pre-existing Condition within 12 months from the Cover Start Date or date of reinstatement (if any) of your policy, we cancel your policy unless the level of severity was accurately declared in the proposal and specifically accepted by us. If we cancel the policy, we refund the total premiums received from you, without interest, less expenses incurred by us on your policy.",
"source_page": 2
},
{
"text": "Terminal Illness in the presence of HIV infection is excluded.",
"source_page": 2
},
{
"text": "We do not pay Terminal Illness Benefit if: (a) the life assured is already deceased at the time of the claim; (b) the symptoms of the Terminal Illness existed at the Cover Start Date or date of reinstatement (if any) of this benefit; or (c) the life assured is diagnosed as having a Terminal Illness caused by: self-inflicted injuries while sane or insane; Acquired Immunodeficiency Syndrome (\"AIDS\"), AIDS-related complex or infection by Human Immunodeficiency Virus (\"HIV\") except HIV Due to Blood Transfusion and Occupationally Acquired HIV; the use of unprescribed drugs where such drugs are required by law to be prescribed by a Registered Medical Practitioner; or an activity under Special Exclusion and/or Special Terms and Conditions shown on your Certificate of Life Assurance.",
"source_page": 3
}
]
```
### Prudential Singapore — PRUWealth Plus
(SGD)
```json
[
{
"text": "There are certain conditions (such as death from suicide or Pre-existing Conditions within 12 months from Cover Start Date, or date of reinstatement (if any) under which no benefits will be payable. These are stated as exclusions in the policy document.",
"source_page": 13
},
{
"text": "\"Pre-existing Condition\" is the existence of any signs or symptoms for which treatment, medication, consultation, advice or diagnosis has been sought or received by the life assured or would have caused an ordinary prudent person to seek treatment, diagnosis or cure, prior to the Cover Start Date or date of reinstatement (if any) of this benefit.",
"source_page": 13
}
]
```
### AIA Singapore — AIA Retirement Saver
(IV)
```json
[
{
"text": "If the Insured commits suicide within 1 year from the policy issue date or date of reinstatement (where applicable), whichever is later, our liability will be limited to a return of premiums paid without interest.",
"source_page": 4
},
{
"text": "You will not be able to exercise Premium Pass Option under this policy if: (a) you were not a Full-Time Employee immediately before your Involuntary Retrenchment; (b) you were self-employed or employed by your Immediate Family Member or a business owned by your immediate family member; (c) you and/or your Immediate Family Member (whether singly, jointly or in the aggregate) were in a position to exercise control or influence over the appointment and/or termination of employees by your employer; (d) the termination of your Full-Time Employment arose out of: i. retirement; ii. resignation; iii. termination or suspension due to your breach of the terms of employment, or your own misconduct or negligence; iv. your own wilful or deliberate misconduct or unlawful behaviour; v. severance or natural termination of any fixed term contract of employment or of an interim contract; vi. leave of absence whether paid or unpaid; vii. military discharge; viii. any voluntary forfeiture of income by you; ix. failure to continue employment upon completion of probation period; x. disability or injury due to any accident, sickness, pregnancy, childbirth or self destruction or any attempt threat, while sane or insane; xi. your inability to continue the employment due to the need to service in armed forces in the time of war, declared or undeclared, or while under orders for warlike operations or restoration of public order; xii. riot and civil commotion; xiii. strike or labour disputes; or xiv. any partial, seasonal or casual employment; (e) you had not worked for at least 6 consecutive months immediately prior to the Involuntary Retrenchment from Full-Time Employment; or (f) your loss of work relates to work as a self-employed person or independent contractor, and not termination from Full-Time Employment.",
"source_page": 4
}
]
```
### AIA Singapore — AIA Secure Flexi Term
```json
[
{
"text": "If the Insured, whether sane or insane, commits suicide within one year of the issue date or reinstatement date of the basic policy, whichever is later, unless otherwise specified in any supplementary agreements or endorsements, our liability shall only be limited to the refund of the total premiums paid without interest.",
"source_page": 2
},
{
"text": "No Terminal Illness or Terminal Cancer Benefit shall be payable under the basic policy for the conditions stated below: i. Where the symptoms of the Terminal Illness or Terminal Cancer first occurred prior to the issue date or reinstatement date of the basic policy, subject to paragraph (iv) below, whichever is later; ii. Where the diagnosis of Terminal Illness or Terminal Cancer was made within thirty (30) days following the issue date or reinstatement date of the basic policy, whichever is later; iii. Where in our opinion, the diagnosis of Terminal Illness or Terminal Cancer of the Insured was directly or indirectly due to Acquired Immunodeficiency Syndrome (AIDS) or infection by any Human Immunodeficiency Virus (HIV); or iv. Any pre-existing illnesses, diseases, impairments or conditions from which the Insured is suffering prior to the issue date or reinstatement date, whichever is later, unless the Insured makes a declaration in the application or reinstatement of the basic policy, and such application is specifically accepted by us.",
"source_page": 2
},
{
"text": "Terminal illness in the presence of HIV infection is excluded.",
"source_page": 1
},
{
"text": "This supplementary benefit shall not cover any TPD caused directly or indirectly, wholly or partly, by any one or more of the following occurrences: (a) deliberate acts that endanger oneself: (i) violation or attempted violation of the law; and (ii) suicide or attempted suicide or intentional self-injury, and exposing oneself to exceptional danger (except in an attempt to save human life), whether sane or insane; (b) engaging in or taking part in air, military or naval service in time of declared or undeclared war or while under order for warlike operations or restoration of public order; or (c) entering, operating, or servicing, riding in or on, ascending or descending from or with any aerial device or conveyance (except where the Insured is in an aircraft operated by a commercial passenger airline on a regular scheduled passenger trip over its established passenger route or by the Republic of Singapore Air Force).",
"source_page": 8
}
]
```
### Singlife — Singlife Elite
Term II
```json
[
{
"text": "We do not pay the Interim Accidental Death Benefit under this Policy if death is directly or indirectly, wholly or partly caused by or arising from or contributed to by: suicide, attempted suicide or other intentional self-inflicted injury, while sane or insane; active participation in war (declared or undeclared), civil war, war-like actions and/or acts of terrorism; resulting from or in connection with the use of nuclear, biological and/or chemical weapons in any act of war (declared or undeclared), civil war, war-like actions and/or acts of terrorism; any navy, army, air force, military or police duties (includes National Service and Reservist); participation in any aerial activity such as parachuting and sky-diving, racing of any kind other than on foot, mountaineering or underwater activity; travel on any type of aircraft except as a fare-paying passenger or a crew member of an international airline operating on a regularly-scheduled passenger flight of a licensed commercial aircraft; any violation or attempted violation of law, or resistance to lawful arrest or imprisonment; the influence of alcohol or drugs unless administered or taken at the direction of a Registered Medical Practitioner; any medical condition or injury not caused by an Accident; or consumption of poison or any substance which may be fatal if consumed, whether voluntary or involuntary.",
"source_page": 1
},
{
"text": "We do not pay the Death Benefit if the Life Assured commits suicide as stated in Section 4.",
"source_page": 2
},
{
"text": "We do not pay the TI Benefit for Terminal Illness in the presence of Human Immunodeficiency Virus (HIV) infection.",
"source_page": 2
},
{
"text": "We will not pay the TPD Benefit for any TPD directly or indirectly, wholly or partly caused by or arising from or contributed to by: self-inflicted illness or injury, while sane or insane; attempted suicide; injuries sustained during travel on any type of aircraft except as a fare-paying passenger or a crew member of an international airline operating on a regularly-scheduled passenger flight of a licensed commercial aircraft; or any Pre-existing Condition.",
"source_page": 1
}
]
```
### Singlife — Singlife Flexi
Life Income II
```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": 7
},
{
"text": "Terminal Illness in the presence of HIV infection is excluded.",
"source_page": 7
}
]
```
### Singlife — Singlife
Heritage Income
```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
}
]
```
### Singlife — Singlife Legacy
Indexed Income
```json
[]
```
### Singlife — Singlife Savvy
Invest II
```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 void from the date immediately prior to the date of death. We will refund without interest, the account value of the policy based on the unit price on the next appropriate fund valuation date immediately following the date We receive the death claim notification, less any amount of Welcome Bonus and Loyalty Bonus paid from the policy issue date or the date of the last reinstatement of the policy (whichever is later) and any amounts owing to Us.",
"source_page": 13
},
{
"text": "Where a change of life assured has been made, if the new life assured commits suicide (while sane or insane) within one year of the effective date of the change of life assured, the issue date of the endorsement for a change of life assured or the date of the last reinstatement of the policy (whichever is the latest), the policy will be void from the date immediately prior to the date of death. We will refund without interest, the account value of the policy based on the unit price on the next appropriate fund valuation date immediately following the date We receive the death claim notification, less any amount of Welcome Bonus and Loyalty Bonus paid from the effective date of the change of life assured, the issue date of the endorsement for a change of life assured or the date of the last reinstatement of the policy (whichever is the latest) and any amounts owing to Us.",
"source_page": 13
},
{
"text": "We do not pay the Terminal Illness Benefit for Terminal Illness in the presence of Human Immunodeficiency Virus (HIV) infection.",
"source_page": 13
}
]
```
### Singlife — Singlife Smart
Saver
```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 void from the date immediately prior to the date of death. 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": 9
},
{
"text": "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.",
"source_page": 9
},
{
"text": "Terminal Illness in the presence of HIV infection is excluded.",
"source_page": 9
}
]
```
### Singlife — Singlife
Steadypay Saver
```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 prior to the date of death.",
"source_page": 6
},
{
"text": "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.",
"source_page": 6
},
{
"text": "Terminal Illness in the presence of HIV infection is excluded.",
"source_page": 6
}
]
```
### Singlife — Singlife Whole
Life Choice
*Not extracted from current wording.*
### AIA Singapore — AIA Smart Flexi Rewards
(II)
```json
[
{
"text": "If the Insured commits suicide within one year from the policy issue date or date of reinstatement, whichever is later, our liability will be limited to a return of premiums paid without interest.",
"source_page": 2
}
]
```
### AIA Singapore — AIA Smart Wealth Builder
Series
```json
[
{
"text": "If the Insured commits suicide (regardless of sanity) within 1 year from the policy issue date or reinstatement date, whichever is later or otherwise specified, our liability shall be limited to the refund of premiums paid without interest.",
"source_page": 5
},
{
"text": "TPD Benefit exclusions: Any disability caused directly or indirectly, wholly or partly, by any of the following occurrences: (a) deliberate acts that endanger oneself, whether sane or insane, including any of the following: (i) violation or attempted violation of the law or resistance to arrest; or (ii) suicide or attempted suicide, intentional self-injury, or exposure to exceptional danger (except in an attempt to save human life); (b) engaging or taking part in air, military or naval service in time of declared or undeclared war or while under order for warlike operations or restoration of public order; or (c) entering, operating, or servicing, riding in or on, ascending or descending from or with any aerial device or conveyance (except where the Insured is in an aircraft operated by a commercial passenger airline on a regular scheduled passenger trip over its established passenger route or by the Republic of Singapore Air Force).",
"source_page": 5
},
{
"text": "Terminal Illness Benefit exclusions: (a) any Terminal Illness, the symptoms of which first occurred prior to the issue date or reinstatement date of your basic policy, or for which the Diagnosis of Terminal Illness was made within 30 days following the issue date or reinstatement date of your basic policy; or (b) where, in our opinion, the Terminal Illness was directly or indirectly due to Acquired Immunodeficiency Syndrome (AIDS) or infection by any Human Immunodeficiency Virus (HIV); or (c) any and all pre-existing illnesses, diseases, impairments or conditions from which the Insured was suffering prior to the issue date or reinstatement date of your basic policy, whichever is later, unless a declaration was made in the application for, or reinstatement of, your basic policy, and such application was specifically accepted by us.",
"source_page": 5
},
{
"text": "Terminal illness in the presence of HIV infection is excluded.",
"source_page": 2
}
]
```
### Income Insurance — Star Term Protect
```json
[
{
"text": "This policy is not valid if the 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": 3
},
{
"text": "The TI benefit is not payable if the 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": 3
},
{
"text": "Under the definition of total and permanent disability (TPD), if the insured is under 65 years old, he or she must be unable to carry out any occupation. The policy does not pay if the insured is merely unable to perform the same job as before, or is unable to perform a job to which his or her training, education or experience is suited for.",
"source_page": 3
},
{
"text": "If the insured is 65 years old and above (but before the anniversary immediately after insured reaches the age of 70), he or she must be suffering from a severe disability. Otherwise, the policy will not pay the benefit.",
"source_page": 3
},
{
"text": "The TPD benefit is not payable if the 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": 3
},
{
"text": "The policy also does not pay this benefit unless the insured is certified by a registered medical practitioner to have been totally and permanently disabled for at least six months in a row.",
"source_page": 3
},
{
"text": "If the insured is also covered for TPD under any policies which have been issued in the past (whether issued by us or by any other insurer), the total TPD benefit due under all these policies cannot be more than S$6.5 million (including premiums waived due to TPD but excluding bonuses).",
"source_page": 3
},
{
"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": 4
}
]
```
### Income Insurance — TermLife Solitaire
```json
[
{
"text": "This policy is not valid if the 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": 1
},
{
"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": 1
},
{
"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 the policy or rider.",
"source_page": 1
}
]
```
---
*Cross-insurer comparison generated from policy wordings ingested into `insurance.wording_facts`. Confidence tiers shown per-product. For current data, always verify against source PDFs.*
---
### https://lifeinsurance.com.sg/api/topic/free-look-period/summary.md
# Free-Look Period
MAS-mandated 14-day minimum review period during which policy may be
cancelled for premium refund.
## Cross-insurer comparison
### Income Insurance — AstraLink
*Not extracted from current wording.*
### Income Insurance — Complete Life Secure
*Not extracted from current wording.*
### AIA Singapore — Direct - AIA Term
Cover
*Not extracted from current wording.*
### Great Eastern — DIRECT -
GREAT Life II
*Not extracted from current wording.*
### Great Eastern — DIRECT -
GREAT Term
*Not extracted from current wording.*
### Singlife — DIRECT -
Singlife Term Life
*Not extracted from current wording.*
### Singlife — DIRECT -
Singlife Whole Life
*Not extracted from current wording.*
### Great Eastern — Great
Eastern Cares Term Plan
*Not extracted from current wording.*
### Great Eastern — GREAT Flexi
Goal
*Not extracted from current wording.*
### Great Eastern — GREAT Flexi
Protect Series 3
*Not extracted from current wording.*
### Great Eastern — GREAT Life
Advantage 4
*Not extracted from current wording.*
### Great Eastern — GREAT Life
Multiplier
*Not extracted from current wording.*
### Great Eastern — GREAT
Term
*Not extracted from current wording.*
### Great Eastern — GREAT
Wealth Advantage 4
*Not extracted from current wording.*
### Great Eastern — GREAT
Wealth Multiplier 3
*Not extracted from current wording.*
### Income Insurance — Gro Retire Flex Pro
II
*Not extracted from current wording.*
### Income Insurance — Gro Saver Flex Pro
*Not extracted from current wording.*
### AIA Singapore — AIA Guaranteed Protect
Plus (IV)
*Not extracted from current wording.*
### Income Insurance — Invest Flex
*Not extracted from current wording.*
### AIA Singapore — AIA Platinum Retirement
Elite
*Not extracted from current wording.*
### AIA Singapore — AIA Platinum Wealth
Elite 2.0
*Not extracted from current wording.*
### Great Eastern — Prestige
Legacy Index
*Not extracted from current wording.*
### Great Eastern — Prestige
Life Gold 4 (SGD/USD)
*Not extracted from current wording.*
### AIA Singapore — AIA Pro Achiever 3.0
*Not extracted from current wording.*
### AIA Singapore — AIA Pro Lifetime
Protector (II)
*Not extracted from current wording.*
### Income Insurance — Provenance Solitaire
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Life V
*Not extracted from current wording.*
### Prudential Singapore — PRUActive
LinkGuard
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Retirement
II
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Saver
III
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Term
*Not extracted from current wording.*
### Prudential Singapore — PRULink
InvestGrowth
*Not extracted from current wording.*
### Prudential Singapore — PRUVantage Legacy
Index
*Not extracted from current wording.*
### Prudential Singapore — PRUVantage Wealth
III
*Not extracted from current wording.*
### Prudential Singapore — PRUVital Cover
*Not extracted from current wording.*
### Prudential Singapore — PRUWealth Plus
(SGD)
*Not extracted from current wording.*
### AIA Singapore — AIA Retirement Saver
(IV)
*Not extracted from current wording.*
### AIA Singapore — AIA Secure Flexi Term
*Not extracted from current wording.*
### Singlife — Singlife Elite
Term II
*Not extracted from current wording.*
### Singlife — Singlife Flexi
Life Income II
*Not extracted from current wording.*
### Singlife — Singlife
Heritage Income
*Not extracted from current wording.*
### Singlife — Singlife Legacy
Indexed Income
*Not extracted from current wording.*
### Singlife — Singlife Savvy
Invest II
*Not extracted from current wording.*
### Singlife — Singlife Smart
Saver
*Not extracted from current wording.*
### Singlife — Singlife
Steadypay Saver
*Not extracted from current wording.*
### Singlife — Singlife Whole
Life Choice
*Not extracted from current wording.*
### AIA Singapore — AIA Smart Flexi Rewards
(II)
*Not extracted from current wording.*
### AIA Singapore — AIA Smart Wealth Builder
Series
*Not extracted from current wording.*
### Income Insurance — Star Term Protect
*Not extracted from current wording.*
### Income Insurance — TermLife Solitaire
*Not extracted from current wording.*
---
*Cross-insurer comparison generated from policy wordings ingested into `insurance.wording_facts`. Confidence tiers shown per-product. For current data, always verify against source PDFs.*
---
### https://lifeinsurance.com.sg/api/topic/grace-period/summary.md
# Grace Period
Grace period after due date during which premium may be paid without
lapse.
## Cross-insurer comparison
### Income Insurance — AstraLink
```json
{
"days": 30,
"source_page": 6
}
```
### Income Insurance — Complete Life Secure
```json
{
"days": 30,
"source_page": 9
}
```
### AIA Singapore — Direct - AIA Term
Cover
```json
{
"days": 31,
"source_page": 2
}
```
### Great Eastern — DIRECT -
GREAT Life II
```json
{
"days": 30,
"source_page": 7
}
```
### Great Eastern — DIRECT -
GREAT Term
```json
{
"days": 30,
"source_page": 3
}
```
### Singlife — DIRECT -
Singlife Term Life
```json
{
"days": 30,
"source_page": 2
}
```
### Singlife — DIRECT -
Singlife Whole Life
```json
{
"days": 30,
"source_page": 7
}
```
### Great Eastern — Great
Eastern Cares Term Plan
```json
{
"days": 30,
"source_page": 4
}
```
### Great Eastern — GREAT Flexi
Goal
```json
{
"days": 30,
"source_page": 8
}
```
### Great Eastern — GREAT Flexi
Protect Series 3
*Not extracted from current wording.*
### Great Eastern — GREAT Life
Advantage 4
```json
{
"days": 30,
"source_page": 6
}
```
### Great Eastern — GREAT Life
Multiplier
```json
{
"days": 30,
"source_page": 7
}
```
### Great Eastern — GREAT
Term
```json
{
"days": 30,
"source_page": 2
}
```
### Great Eastern — GREAT
Wealth Advantage 4
```json
{
"days": 30,
"source_page": 14
}
```
### Great Eastern — GREAT
Wealth Multiplier 3
```json
{
"days": 30,
"source_page": 9
}
```
### Income Insurance — Gro Retire Flex Pro
II
```json
{
"days": 30,
"source_page": 10
}
```
### Income Insurance — Gro Saver Flex Pro
```json
{
"days": 30,
"source_page": 9
}
```
### AIA Singapore — AIA Guaranteed Protect
Plus (IV)
*Not extracted from current wording.*
### Income Insurance — Invest Flex
```json
{
"days": 30,
"source_page": 6
}
```
### AIA Singapore — AIA Platinum Retirement
Elite
```json
{}
```
### AIA Singapore — AIA Platinum Wealth
Elite 2.0
*Not extracted from current wording.*
### Great Eastern — Prestige
Legacy Index
*Not extracted from current wording.*
### Great Eastern — Prestige
Life Gold 4 (SGD/USD)
*Not extracted from current wording.*
### AIA Singapore — AIA Pro Achiever 3.0
```json
{
"days": 65,
"source_page": 13
}
```
### AIA Singapore — AIA Pro Lifetime
Protector (II)
```json
{
"days": 30,
"source_page": 4
}
```
### Income Insurance — Provenance Solitaire
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Life V
```json
{
"days": 30,
"source_page": 16
}
```
### Prudential Singapore — PRUActive
LinkGuard
```json
{
"days": 30,
"source_page": 14
}
```
### Prudential Singapore — PRUActive Retirement
II
```json
{
"days": 30,
"source_page": 11
}
```
### Prudential Singapore — PRUActive Saver
III
```json
{}
```
### Prudential Singapore — PRUActive Term
```json
{
"days": 30,
"source_page": 7
}
```
### Prudential Singapore — PRULink
InvestGrowth
*Not extracted from current wording.*
### Prudential Singapore — PRUVantage Legacy
Index
*Not extracted from current wording.*
### Prudential Singapore — PRUVantage Wealth
III
```json
{}
```
### Prudential Singapore — PRUVital Cover
```json
{
"days": 30,
"source_page": 3
}
```
### Prudential Singapore — PRUWealth Plus
(SGD)
```json
{
"source_page": 14
}
```
### AIA Singapore — AIA Retirement Saver
(IV)
*Not extracted from current wording.*
### AIA Singapore — AIA Secure Flexi Term
```json
{
"days": 31,
"source_page": 2
}
```
### Singlife — Singlife Elite
Term II
```json
{
"days": 30,
"source_page": 5
}
```
### Singlife — Singlife Flexi
Life Income II
```json
{
"days": 30,
"source_page": 3
}
```
### Singlife — Singlife
Heritage Income
```json
{
"days": 30,
"source_page": 5
}
```
### Singlife — Singlife Legacy
Indexed Income
*Not extracted from current wording.*
### Singlife — Singlife Savvy
Invest II
```json
{
"source_page": 7
}
```
### Singlife — Singlife Smart
Saver
```json
{
"days": 30,
"source_page": 3
}
```
### Singlife — Singlife
Steadypay Saver
```json
{
"days": 30,
"source_page": 2
}
```
### Singlife — Singlife Whole
Life Choice
*Not extracted from current wording.*
### AIA Singapore — AIA Smart Flexi Rewards
(II)
*Not extracted from current wording.*
### AIA Singapore — AIA Smart Wealth Builder
Series
*Not extracted from current wording.*
### Income Insurance — Star Term Protect
```json
{
"days": 30,
"source_page": 4
}
```
### Income Insurance — TermLife Solitaire
```json
{
"days": 30,
"source_page": 1
}
```
---
*Cross-insurer comparison generated from policy wordings ingested into `insurance.wording_facts`. Confidence tiers shown per-product. For current data, always verify against source PDFs.*
---
### https://lifeinsurance.com.sg/api/topic/mwpa-trust/summary.md
# MWPA Trust Eligibility
Whether policy may be written under the Married Women's Property Act
/ Section 73 trust.
## Cross-insurer comparison
### Income Insurance — AstraLink
*Not extracted from current wording.*
### Income Insurance — Complete Life Secure
*Not extracted from current wording.*
### AIA Singapore — Direct - AIA Term
Cover
*Not extracted from current wording.*
### Great Eastern — DIRECT -
GREAT Life II
*Not extracted from current wording.*
### Great Eastern — DIRECT -
GREAT Term
*Not extracted from current wording.*
### Singlife — DIRECT -
Singlife Term Life
*Not extracted from current wording.*
### Singlife — DIRECT -
Singlife Whole Life
*Not extracted from current wording.*
### Great Eastern — Great
Eastern Cares Term Plan
*Not extracted from current wording.*
### Great Eastern — GREAT Flexi
Goal
*Not extracted from current wording.*
### Great Eastern — GREAT Flexi
Protect Series 3
*Not extracted from current wording.*
### Great Eastern — GREAT Life
Advantage 4
```json
{
"notes": "No mention of MWPA or Section 73 trust in the document.",
"available": false
}
```
### Great Eastern — GREAT Life
Multiplier
*Not extracted from current wording.*
### Great Eastern — GREAT
Term
*Not extracted from current wording.*
### Great Eastern — GREAT
Wealth Advantage 4
```json
{
"available": false
}
```
### Great Eastern — GREAT
Wealth Multiplier 3
```json
{
"notes": "The appointment of the secondary life assured is subject to conditions including that your policy is not subject to a trust, and premiums for your policy are not paid from funds from an account operated under the Supplementary Retirement Scheme.",
"available": false,
"source_page": 3
}
```
### Income Insurance — Gro Retire Flex Pro
II
*Not extracted from current wording.*
### Income Insurance — Gro Saver Flex Pro
*Not extracted from current wording.*
### AIA Singapore — AIA Guaranteed Protect
Plus (IV)
*Not extracted from current wording.*
### Income Insurance — Invest Flex
*Not extracted from current wording.*
### AIA Singapore — AIA Platinum Retirement
Elite
*Not extracted from current wording.*
### AIA Singapore — AIA Platinum Wealth
Elite 2.0
*Not extracted from current wording.*
### Great Eastern — Prestige
Legacy Index
*Not extracted from current wording.*
### Great Eastern — Prestige
Life Gold 4 (SGD/USD)
```json
{
"available": false
}
```
### AIA Singapore — AIA Pro Achiever 3.0
```json
{
"notes": "If you wish to make a nomination of beneficiary or create a trust under this policy, you must first revoke the appointment of the Secondary Insured. Secondary Insured cannot be appointed if a trust is created under this policy.",
"available": true,
"source_page": 3
}
```
### AIA Singapore — AIA Pro Lifetime
Protector (II)
*Not extracted from current wording.*
### Income Insurance — Provenance Solitaire
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Life V
```json
{
"notes": "Not mentioned in the product summary.",
"available": false,
"source_page": 1
}
```
### Prudential Singapore — PRUActive
LinkGuard
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Retirement
II
```json
{
"notes": "You cannot appoint a Successor Life Assured if your policy already has a nomination of beneficiary or a trust has been created under your policy.",
"available": false,
"source_page": 5
}
```
### Prudential Singapore — PRUActive Saver
III
```json
{
"notes": "Not mentioned in the product summary.",
"available": false
}
```
### Prudential Singapore — PRUActive Term
*Not extracted from current wording.*
### Prudential Singapore — PRULink
InvestGrowth
*Not extracted from current wording.*
### Prudential Singapore — PRUVantage Legacy
Index
*Not extracted from current wording.*
### Prudential Singapore — PRUVantage Wealth
III
```json
{
"notes": "You cannot appoint a secondary life assured if your policy already has a nomination of beneficiary or a trust has been created under your policy. You cannot request for Wealth Share if there is pending claim under your base policy, your base policy already has a nomination of beneficiary, or a trust has been created under your base policy.",
"available": false,
"source_page": 7
}
```
### Prudential Singapore — PRUVital Cover
*Not extracted from current wording.*
### Prudential Singapore — PRUWealth Plus
(SGD)
```json
{
"notes": "Not mentioned in the product summary text provided.",
"available": false
}
```
### AIA Singapore — AIA Retirement Saver
(IV)
*Not extracted from current wording.*
### AIA Singapore — AIA Secure Flexi Term
*Not extracted from current wording.*
### Singlife — Singlife Elite
Term II
*Not extracted from current wording.*
### Singlife — Singlife Flexi
Life Income II
*Not extracted from current wording.*
### Singlife — Singlife
Heritage Income
```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
}
```
### Singlife — Singlife Legacy
Indexed Income
```json
{
"notes": "Not mentioned in this document."
}
```
### Singlife — Singlife Savvy
Invest II
```json
{
"notes": "No mention of MWPA / Section 73 trust in this document.",
"available": false
}
```
### Singlife — Singlife Smart
Saver
```json
{
"notes": "The appointment of Secondary Life Assured is not allowed once a trust has been created. The Legacy Distribution Option cannot be exercised if a trust has been created. No explicit mention of MWPA / Section 73 trust availability.",
"available": false,
"source_page": 4
}
```
### Singlife — Singlife
Steadypay Saver
*Not extracted from current wording.*
### Singlife — Singlife Whole
Life Choice
*Not extracted from current wording.*
### AIA Singapore — AIA Smart Flexi Rewards
(II)
*Not extracted from current wording.*
### AIA Singapore — AIA Smart Wealth Builder
Series
*Not extracted from current wording.*
### Income Insurance — Star Term Protect
*Not extracted from current wording.*
### Income Insurance — TermLife Solitaire
*Not extracted from current wording.*
---
*Cross-insurer comparison generated from policy wordings ingested into `insurance.wording_facts`. Confidence tiers shown per-product. For current data, always verify against source PDFs.*
---
### https://lifeinsurance.com.sg/api/topic/non-forfeiture/summary.md
# Non-Forfeiture Options
Options when premiums stop being paid: paid-up, automatic premium
loan, extended term.
## Cross-insurer comparison
### Income Insurance — AstraLink
```json
{
"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.",
"available": false
}
}
```
### Income Insurance — Complete Life Secure
```json
{
"paid_up": {
"text": "This rider will end immediately when its basic policy ends or is converted to a paid-up policy.",
"available": true
},
"source_page": 10,
"extended_term": {
"text": "",
"available": false
},
"automatic_premium_loan": {
"text": "If this policy has sufficient cash value, the premiums for this 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 we may be due to pay under this policy. This policy and its riders (if any) will lapse when the amount of the loans and interest is more than the cash value of this policy.",
"available": true
}
}
```
### AIA Singapore — Direct - AIA Term
Cover
*Not extracted from current wording.*
### Great Eastern — DIRECT -
GREAT Life II
```json
{
"source_page": 7,
"automatic_premium_loan": {
"text": "If you do not pay your premiums on time, your policy may lapse (after 30 days grace period) depending on the net surrender value. If the policy has enough net surrender value, you will be given an automatic premium loan (APL).",
"available": true
}
}
```
### Great Eastern — DIRECT -
GREAT Term
```json
{
"paid_up": {
"text": "As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely.",
"available": false
},
"source_page": 3,
"extended_term": {
"text": "As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely.",
"available": false
},
"automatic_premium_loan": {
"text": "As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely.",
"available": false
}
}
```
### Singlife — DIRECT -
Singlife Term Life
```json
{
"paid_up": {
"text": "This plan has no cash value.",
"available": false
},
"source_page": 1,
"extended_term": {
"text": "This plan has no cash value.",
"available": false
},
"automatic_premium_loan": {
"text": "This plan has no cash value.",
"available": false
}
}
```
### Singlife — DIRECT -
Singlife Whole Life
```json
{
"paid_up": {
"text": "Not explicitly described in product summary.",
"available": false
},
"source_page": 8,
"extended_term": {
"text": "Not explicitly described in product summary.",
"available": false
},
"automatic_premium_loan": {
"text": "your policy lapses due to non-payment of premiums within 30 days from the date they become due (and when your policy does not have sufficient cash value for us to advance a loan to keep your policy in force)",
"available": true
}
}
```
### Great Eastern — Great
Eastern Cares Term Plan
```json
{
"paid_up": {
"text": "As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely.",
"available": false
},
"source_page": 4,
"extended_term": {
"text": "As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely.",
"available": false
},
"automatic_premium_loan": {
"text": "As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely.",
"available": false
}
}
```
### Great Eastern — GREAT Flexi
Goal
```json
{
"source_page": 8,
"automatic_premium_loan": {
"text": "If you do not pay your premiums on time, your policy may lapse (after 30 days grace period) depending on the net surrender value. If the policy has enough net surrender value, you will be given an automatic premium loan (APL).",
"available": true
}
}
```
### Great Eastern — GREAT Flexi
Protect Series 3
*Not extracted from current wording.*
### Great Eastern — GREAT Life
Advantage 4
```json
{
"paid_up": {
"text": "No paid-up option described in the document.",
"available": false
},
"source_page": 4,
"extended_term": {
"text": "No extended term option described in the document.",
"available": false
},
"automatic_premium_loan": {
"text": "No automatic premium loan described; instead a non-lapse guarantee benefit operates during the first 10 policy years.",
"available": false
}
}
```
### Great Eastern — GREAT Life
Multiplier
```json
{
"source_page": 7,
"automatic_premium_loan": {
"text": "If you do not pay your premiums on time, your policy may lapse (after a 30-day grace period) depending on the net surrender value. If the policy has enough net surrender value, you will be given an automatic premium loan (APL).",
"available": true
}
}
```
### Great Eastern — GREAT
Term
*Not extracted from current wording.*
### Great Eastern — GREAT
Wealth Advantage 4
```json
{
"paid_up": {
"text": "Not described in the product summary.",
"available": false
},
"source_page": 5,
"extended_term": {
"text": "Not described in the product summary.",
"available": false
},
"automatic_premium_loan": {
"text": "Not described in the product summary. The policy enters premium holiday if basic regular premium due is unpaid after the grace period, and fees and charges continue to be deducted from account value.",
"available": false
}
}
```
### Great Eastern — GREAT
Wealth Multiplier 3
```json
{
"source_page": 9,
"automatic_premium_loan": {
"text": "If you do not pay your premiums on time, your policy may lapse (after 30 days grace period) depending on the net surrender value. If the policy has enough net surrender value, you will be given an automatic premium loan (APL).",
"available": true
}
}
```
### Income Insurance — Gro Retire Flex Pro
II
```json
{
"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
}
}
```
### Income Insurance — Gro Saver Flex Pro
```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
}
}
```
### AIA Singapore — AIA Guaranteed Protect
Plus (IV)
```json
{
"paid_up": {
"text": "Coverage under the GPP (IV) Booster component shall automatically terminate if your basic policy is converted to reduced paid-up insurance or extended term insurance.",
"available": true
},
"source_page": 7,
"extended_term": {
"text": "Coverage under the GPP (IV) Booster component shall automatically terminate if your basic policy is converted to reduced paid-up insurance or extended term insurance.",
"available": true
},
"automatic_premium_loan": {
"text": "Your basic policy shall automatically terminate if any premium for your basic policy remains unpaid at the end of the grace period (except if Premium Pass Option is exercised) and there is insufficient guaranteed cash value under your basic policy to grant an automatic policy loan to pay the outstanding premium.",
"available": true
}
}
```
### Income Insurance — Invest Flex
```json
{
"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
}
}
```
### AIA Singapore — AIA Platinum Retirement
Elite
```json
{
"paid_up": {
"text": "Not described in the product summary.",
"available": false
},
"source_page": 6,
"extended_term": {
"text": "Not described in the product summary.",
"available": false
},
"automatic_premium_loan": {
"text": "Not described in the product summary.",
"available": false
}
}
```
### AIA Singapore — AIA Platinum Wealth
Elite 2.0
```json
{
"paid_up": {
"text": "Not described in the policy wording.",
"available": false
},
"source_page": 7,
"extended_term": {
"text": "Not described in the policy wording.",
"available": false
},
"automatic_premium_loan": {
"text": "Not described in the policy wording.",
"available": false
}
}
```
### Great Eastern — Prestige
Legacy Index
```json
{
"paid_up": {
"text": "Not stated in this document.",
"available": false
},
"extended_term": {
"text": "Not stated in this document.",
"available": false
},
"automatic_premium_loan": {
"text": "Not stated in this document.",
"available": false
}
}
```
### Great Eastern — Prestige
Life Gold 4 (SGD/USD)
*Not extracted from current wording.*
### AIA Singapore — AIA Pro Achiever 3.0
```json
{
"paid_up": {
"text": "Not described in extracted text",
"available": false
},
"source_page": 13,
"extended_term": {
"text": "Not described in extracted text",
"available": false
},
"automatic_premium_loan": {
"text": "Not described in extracted text",
"available": false
}
}
```
### AIA Singapore — AIA Pro Lifetime
Protector (II)
```json
{
"paid_up": {
"text": "Not described in the policy text.",
"available": false
},
"source_page": 4,
"extended_term": {
"text": "Not described in the policy text.",
"available": false
},
"automatic_premium_loan": {
"text": "Not described in the policy text.",
"available": false
}
}
```
### Income Insurance — Provenance Solitaire
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Life V
```json
{
"paid_up": {
"text": "If the policy has a surrender value, the policyowner can apply to surrender part or all of the Reversionary Bonus that we have added to the policy for a cash value. Please do note that this will reduce the long-term value of the policy.",
"available": true
},
"source_page": 10,
"extended_term": {
"text": "Not mentioned in the product summary.",
"available": false
},
"automatic_premium_loan": {
"text": "Automatic Premium Loan, Policy Loan and Surgical & Nursing Loan are also available. Please note that taking these loans will reduce the long-term value of the policy. For automatic premium loan and policy loan, a non-guaranteed loan interest will be charged.",
"available": true
}
}
```
### Prudential Singapore — PRUActive
LinkGuard
```json
{
"paid_up": {
"text": "Not described in the product summary.",
"available": false
},
"source_page": 14,
"extended_term": {
"text": "Not described in the product summary.",
"available": false
},
"automatic_premium_loan": {
"text": "Not applicable to this investment-linked policy. If you fail to pay a premium on time or you stop paying your premiums and there are units in your account, your policy automatically continues at the same sum assured or Multiplier benefit (if this applies) for the same basic benefits. We continue to bill you for the administration charge and the assurance charge by using the units in your account. When there are no more units in your account, your policy ends on the next billing date.",
"available": false
}
}
```
### Prudential Singapore — PRUActive Retirement
II
```json
{
"paid_up": {
"text": "Not mentioned in this document.",
"available": false
},
"source_page": 5,
"extended_term": {
"text": "Not mentioned in this document.",
"available": false
},
"automatic_premium_loan": {
"text": "Automatic Premium Loan is available. Please note that taking these loans will reduce the long term value of the policy. For automatic premium loan, a non-guaranteed loan interest will be charged. Note: Automatic Premium Loan is not applicable to single premium policy.",
"available": true
}
}
```
### Prudential Singapore — PRUActive Saver
III
```json
{
"paid_up": {
"text": "Not mentioned in the product summary.",
"available": false
},
"source_page": 2,
"extended_term": {
"text": "Not mentioned in the product summary.",
"available": false
},
"automatic_premium_loan": {
"text": "Automatic Premium Loan, Policy Loan and Surgical & Nursing Loan are available. Please note that taking these loans will reduce the long term value of the policy. For automatic premium loan and policy loan, a non-guaranteed loan interest will be charged. Note: Automatic Premium Loan is not applicable to single premium policy.",
"available": true
}
}
```
### Prudential Singapore — PRUActive Term
```json
{
"paid_up": {
"available": false
},
"source_page": 5,
"extended_term": {
"available": false
},
"automatic_premium_loan": {
"text": "If you fail to pay a premium on time and your policy has enough surrender value, we grant you an automatic premium loan. We charge a yearly interest rate on the loan amount starting from the date of the loan. This interest rate may vary and accrues on a daily basis. On each policy anniversary of your policy, we add the previous year's interest to the loan amount and charge interest on the total until the loan is repaid. We can change the interest rate but will give you three months' written notice if we do so. The loan amount and interest will be amounts you owe us. You can repay the loan at any time. We take off the loan amount and interest from any payment we make under your policy. If the total amount you owe us under your policy is more than the surrender value, your policy will end immediately.",
"available": true
}
}
```
### Prudential Singapore — PRULink
InvestGrowth
*Not extracted from current wording.*
### Prudential Singapore — PRUVantage Legacy
Index
*Not extracted from current wording.*
### Prudential Singapore — PRUVantage Wealth
III
```json
{
"paid_up": {
"text": "Not described in the extracted text.",
"available": false
},
"extended_term": {
"text": "Not described in the extracted text.",
"available": false
},
"automatic_premium_loan": {
"text": "Not described in the extracted text.",
"available": false
}
}
```
### Prudential Singapore — PRUVital Cover
*Not extracted from current wording.*
### Prudential Singapore — PRUWealth Plus
(SGD)
```json
{
"paid_up": {
"text": "If the policy has a surrender value, the policyowner can use the surrender value to convert the policy to paid-up, which is when the policy has a revised face value with no further premiums due. Note: Automatic Premium Loan and paid-up option are not applicable to single premium policies.",
"available": true
},
"source_page": 4,
"extended_term": {
"text": "Not mentioned in the product summary.",
"available": false
},
"automatic_premium_loan": {
"text": "Automatic Premium Loan is available. Please note that taking these loans will reduce the long term value of the policy. For automatic premium loan and policy loan, a non-guaranteed loan interest will be charged. Note: Automatic Premium Loan and paid-up option are not applicable to single premium policies.",
"available": true
}
}
```
### AIA Singapore — AIA Retirement Saver
(IV)
*Not extracted from current wording.*
### AIA Singapore — AIA Secure Flexi Term
*Not extracted from current wording.*
### Singlife — Singlife Elite
Term II
*Not extracted from current wording.*
### Singlife — Singlife Flexi
Life Income II
*Not extracted from current wording.*
### Singlife — Singlife
Heritage Income
```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
}
}
```
### Singlife — Singlife Legacy
Indexed Income
*Not extracted from current wording.*
### Singlife — Singlife Savvy
Invest II
```json
{
"paid_up": {
"text": "No paid-up option described; policy continues on premium holiday with fees deducted from account value until account value is exhausted.",
"available": false
},
"source_page": 9,
"extended_term": {
"text": "Not described in the document.",
"available": false
},
"automatic_premium_loan": {
"text": "Not described in the document.",
"available": false
}
}
```
### Singlife — Singlife Smart
Saver
```json
{
"paid_up": {
"text": "You also have the option to partially surrender the Policy by reducing the Sum Assured (subject to the minimum Sum Assured of the basic plan) and receive the partial Cash Surrender Value in a lump sum. The Sum Assured of the basic plan after the partial surrender will be reduced accordingly.",
"available": true
},
"source_page": 3,
"automatic_premium_loan": {
"text": "For premiums that are due for payment and the Life Assured does not satisfy the unemployment conditions, You still need to pay the premiums or Automatic Premium Loan will be advanced to pay for the overdue premiums.",
"available": true
}
}
```
### Singlife — Singlife
Steadypay Saver
```json
{
"paid_up": {
"text": "Not mentioned in the product summary.",
"available": false
},
"source_page": 3,
"extended_term": {
"text": "Not mentioned in the product summary.",
"available": false
},
"automatic_premium_loan": {
"text": "Not mentioned in the product summary.",
"available": false
}
}
```
### Singlife — Singlife Whole
Life Choice
*Not extracted from current wording.*
### AIA Singapore — AIA Smart Flexi Rewards
(II)
*Not extracted from current wording.*
### AIA Singapore — AIA Smart Wealth Builder
Series
*Not extracted from current wording.*
### Income Insurance — Star Term Protect
*Not extracted from current wording.*
### Income Insurance — TermLife Solitaire
```json
{
"paid_up": {
"text": "There is no surrender or cash value available.",
"available": false
},
"source_page": 1,
"extended_term": {
"text": "There is no surrender or cash value available.",
"available": false
},
"automatic_premium_loan": {
"text": "There is no surrender or cash value available. As such, policy loan is not available under this policy.",
"available": false
}
}
```
---
*Cross-insurer comparison generated from policy wordings ingested into `insurance.wording_facts`. Confidence tiers shown per-product. For current data, always verify against source PDFs.*
---
### https://lifeinsurance.com.sg/api/topic/payment-mode/summary.md
# Premium Payment Mode
Frequency and method of premium payment (monthly, quarterly,
semi-annual, annual, single).
## Cross-insurer comparison
### Income Insurance — AstraLink
*Not extracted from current wording.*
### Income Insurance — Complete Life Secure
*Not extracted from current wording.*
### AIA Singapore — Direct - AIA Term
Cover
*Not extracted from current wording.*
### Great Eastern — DIRECT -
GREAT Life II
*Not extracted from current wording.*
### Great Eastern — DIRECT -
GREAT Term
*Not extracted from current wording.*
### Singlife — DIRECT -
Singlife Term Life
*Not extracted from current wording.*
### Singlife — DIRECT -
Singlife Whole Life
*Not extracted from current wording.*
### Great Eastern — Great
Eastern Cares Term Plan
*Not extracted from current wording.*
### Great Eastern — GREAT Flexi
Goal
*Not extracted from current wording.*
### Great Eastern — GREAT Flexi
Protect Series 3
*Not extracted from current wording.*
### Great Eastern — GREAT Life
Advantage 4
*Not extracted from current wording.*
### Great Eastern — GREAT Life
Multiplier
*Not extracted from current wording.*
### Great Eastern — GREAT
Term
*Not extracted from current wording.*
### Great Eastern — GREAT
Wealth Advantage 4
*Not extracted from current wording.*
### Great Eastern — GREAT
Wealth Multiplier 3
*Not extracted from current wording.*
### Income Insurance — Gro Retire Flex Pro
II
*Not extracted from current wording.*
### Income Insurance — Gro Saver Flex Pro
*Not extracted from current wording.*
### AIA Singapore — AIA Guaranteed Protect
Plus (IV)
*Not extracted from current wording.*
### Income Insurance — Invest Flex
*Not extracted from current wording.*
### AIA Singapore — AIA Platinum Retirement
Elite
*Not extracted from current wording.*
### AIA Singapore — AIA Platinum Wealth
Elite 2.0
*Not extracted from current wording.*
### Great Eastern — Prestige
Legacy Index
*Not extracted from current wording.*
### Great Eastern — Prestige
Life Gold 4 (SGD/USD)
*Not extracted from current wording.*
### AIA Singapore — AIA Pro Achiever 3.0
*Not extracted from current wording.*
### AIA Singapore — AIA Pro Lifetime
Protector (II)
*Not extracted from current wording.*
### Income Insurance — Provenance Solitaire
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Life V
*Not extracted from current wording.*
### Prudential Singapore — PRUActive
LinkGuard
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Retirement
II
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Saver
III
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Term
*Not extracted from current wording.*
### Prudential Singapore — PRULink
InvestGrowth
*Not extracted from current wording.*
### Prudential Singapore — PRUVantage Legacy
Index
*Not extracted from current wording.*
### Prudential Singapore — PRUVantage Wealth
III
*Not extracted from current wording.*
### Prudential Singapore — PRUVital Cover
*Not extracted from current wording.*
### Prudential Singapore — PRUWealth Plus
(SGD)
*Not extracted from current wording.*
### AIA Singapore — AIA Retirement Saver
(IV)
*Not extracted from current wording.*
### AIA Singapore — AIA Secure Flexi Term
*Not extracted from current wording.*
### Singlife — Singlife Elite
Term II
*Not extracted from current wording.*
### Singlife — Singlife Flexi
Life Income II
*Not extracted from current wording.*
### Singlife — Singlife
Heritage Income
*Not extracted from current wording.*
### Singlife — Singlife Legacy
Indexed Income
*Not extracted from current wording.*
### Singlife — Singlife Savvy
Invest II
*Not extracted from current wording.*
### Singlife — Singlife Smart
Saver
*Not extracted from current wording.*
### Singlife — Singlife
Steadypay Saver
*Not extracted from current wording.*
### Singlife — Singlife Whole
Life Choice
*Not extracted from current wording.*
### AIA Singapore — AIA Smart Flexi Rewards
(II)
*Not extracted from current wording.*
### AIA Singapore — AIA Smart Wealth Builder
Series
*Not extracted from current wording.*
### Income Insurance — Star Term Protect
*Not extracted from current wording.*
### Income Insurance — TermLife Solitaire
*Not extracted from current wording.*
---
*Cross-insurer comparison generated from policy wordings ingested into `insurance.wording_facts`. Confidence tiers shown per-product. For current data, always verify against source PDFs.*
---
### https://lifeinsurance.com.sg/api/topic/policy-loan/summary.md
# Policy Loan
Loan availability against cash value; interest rate; default
treatment.
## Cross-insurer comparison
### Income Insurance — AstraLink
*Not extracted from current wording.*
### Income Insurance — Complete Life Secure
*Not extracted from current wording.*
### AIA Singapore — Direct - AIA Term
Cover
*Not extracted from current wording.*
### Great Eastern — DIRECT -
GREAT Life II
*Not extracted from current wording.*
### Great Eastern — DIRECT -
GREAT Term
```json
{
"available": false
}
```
### Singlife — DIRECT -
Singlife Term Life
```json
{
"available": false
}
```
### Singlife — DIRECT -
Singlife Whole Life
```json
{
"available": true,
"source_page": 9,
"interest_basis": "rates determined by us; the accumulated interest charged will be added as principal to the outstanding loan on each policy anniversary",
"max_percent_of_cash_value": 90
}
```
### Great Eastern — Great
Eastern Cares Term Plan
```json
{
"available": false
}
```
### Great Eastern — GREAT Flexi
Goal
*Not extracted from current wording.*
### Great Eastern — GREAT Flexi
Protect Series 3
*Not extracted from current wording.*
### Great Eastern — GREAT Life
Advantage 4
```json
{
"available": false
}
```
### Great Eastern — GREAT Life
Multiplier
```json
{
"available": true,
"source_page": 8
}
```
### Great Eastern — GREAT
Term
*Not extracted from current wording.*
### Great Eastern — GREAT
Wealth Advantage 4
```json
{
"available": false
}
```
### Great Eastern — GREAT
Wealth Multiplier 3
*Not extracted from current wording.*
### Income Insurance — Gro Retire Flex Pro
II
```json
{
"available": true,
"source_page": 10,
"interest_basis": "Interest charged on automatic premium loan; exact rate not specified in this document."
}
```
### Income Insurance — Gro Saver Flex Pro
*Not extracted from current wording.*
### AIA Singapore — AIA Guaranteed Protect
Plus (IV)
```json
{
"available": true,
"source_page": 3,
"interest_basis": "Interest-free loan granted equal to outstanding Deferred Premium Amount during Interest-free Repayment Period (12 months); thereafter outstanding amount becomes Automatic Policy Loan and starts to accrue interest at a rate not specified in this document."
}
```
### Income Insurance — Invest Flex
```json
{
"available": false
}
```
### AIA Singapore — AIA Platinum Retirement
Elite
*Not extracted from current wording.*
### AIA Singapore — AIA Platinum Wealth
Elite 2.0
*Not extracted from current wording.*
### Great Eastern — Prestige
Legacy Index
```json
{
"available": true,
"source_page": 10,
"interest_basis": "Not specified in this document; presence of policy loan referenced in non-lapse guarantee conditions."
}
```
### Great Eastern — Prestige
Life Gold 4 (SGD/USD)
```json
{
"available": false
}
```
### AIA Singapore — AIA Pro Achiever 3.0
```json
{
"available": false
}
```
### AIA Singapore — AIA Pro Lifetime
Protector (II)
```json
{
"available": false
}
```
### Income Insurance — Provenance Solitaire
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Life V
```json
{
"available": true,
"source_page": 10,
"interest_basis": "non-guaranteed loan interest will be charged"
}
```
### Prudential Singapore — PRUActive
LinkGuard
```json
{
"available": false
}
```
### Prudential Singapore — PRUActive Retirement
II
```json
{
"available": true,
"source_page": 5,
"interest_basis": "non-guaranteed loan interest will be charged"
}
```
### Prudential Singapore — PRUActive Saver
III
```json
{
"available": true,
"source_page": 2,
"interest_basis": "non-guaranteed loan interest will be charged"
}
```
### Prudential Singapore — PRUActive Term
```json
{
"available": true,
"source_page": 5,
"interest_basis": "non-guaranteed loan interest; yearly interest rate that may vary, accrues on a daily basis; Prudential will give three months' written notice of any rate change"
}
```
### Prudential Singapore — PRULink
InvestGrowth
*Not extracted from current wording.*
### Prudential Singapore — PRUVantage Legacy
Index
*Not extracted from current wording.*
### Prudential Singapore — PRUVantage Wealth
III
```json
{
"available": false
}
```
### Prudential Singapore — PRUVital Cover
*Not extracted from current wording.*
### Prudential Singapore — PRUWealth Plus
(SGD)
```json
{
"available": true,
"source_page": 4,
"interest_basis": "non-guaranteed loan interest rate; interest accrues on a daily basis; Prudential Singapore will give three months' written notice of any change in interest rate"
}
```
### AIA Singapore — AIA Retirement Saver
(IV)
*Not extracted from current wording.*
### AIA Singapore — AIA Secure Flexi Term
*Not extracted from current wording.*
### Singlife — Singlife Elite
Term II
*Not extracted from current wording.*
### Singlife — Singlife Flexi
Life Income II
```json
{
"available": true,
"source_page": 3,
"interest_basis": "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.",
"max_percent_of_cash_value": 65
}
```
### Singlife — Singlife
Heritage Income
```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
}
```
### Singlife — Singlife Legacy
Indexed Income
```json
{}
```
### Singlife — Singlife Savvy
Invest II
```json
{
"available": false
}
```
### Singlife — Singlife Smart
Saver
```json
{
"available": true,
"source_page": 3,
"interest_basis": "prevailing Policy loan rate, non-guaranteed, subject to changes according to Our prevailing terms and conditions",
"max_percent_of_cash_value": 65
}
```
### Singlife — Singlife
Steadypay Saver
```json
{
"available": true,
"source_page": 3,
"interest_basis": "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.",
"max_percent_of_cash_value": 65
}
```
### Singlife — Singlife Whole
Life Choice
*Not extracted from current wording.*
### AIA Singapore — AIA Smart Flexi Rewards
(II)
*Not extracted from current wording.*
### AIA Singapore — AIA Smart Wealth Builder
Series
*Not extracted from current wording.*
### Income Insurance — Star Term Protect
```json
{
"available": false,
"source_page": 3
}
```
### Income Insurance — TermLife Solitaire
```json
{
"available": false,
"source_page": 1
}
```
---
*Cross-insurer comparison generated from policy wordings ingested into `insurance.wording_facts`. Confidence tiers shown per-product. For current data, always verify against source PDFs.*
---
### https://lifeinsurance.com.sg/api/topic/pre-existing-conditions/summary.md
# Pre-Existing Conditions
Underwriting treatment of declared and undeclared pre-existing
conditions.
## Cross-insurer comparison
### Income Insurance — AstraLink
*Not extracted from current wording.*
### Income Insurance — Complete Life Secure
*Not extracted from current wording.*
### AIA Singapore — Direct - AIA Term
Cover
*Not extracted from current wording.*
### Great Eastern — DIRECT -
GREAT Life II
*Not extracted from current wording.*
### Great Eastern — DIRECT -
GREAT Term
*Not extracted from current wording.*
### Singlife — DIRECT -
Singlife Term Life
*Not extracted from current wording.*
### Singlife — DIRECT -
Singlife Whole Life
*Not extracted from current wording.*
### Great Eastern — Great
Eastern Cares Term Plan
*Not extracted from current wording.*
### Great Eastern — GREAT Flexi
Goal
*Not extracted from current wording.*
### Great Eastern — GREAT Flexi
Protect Series 3
*Not extracted from current wording.*
### Great Eastern — GREAT Life
Advantage 4
*Not extracted from current wording.*
### Great Eastern — GREAT Life
Multiplier
*Not extracted from current wording.*
### Great Eastern — GREAT
Term
*Not extracted from current wording.*
### Great Eastern — GREAT
Wealth Advantage 4
*Not extracted from current wording.*
### Great Eastern — GREAT
Wealth Multiplier 3
*Not extracted from current wording.*
### Income Insurance — Gro Retire Flex Pro
II
*Not extracted from current wording.*
### Income Insurance — Gro Saver Flex Pro
*Not extracted from current wording.*
### AIA Singapore — AIA Guaranteed Protect
Plus (IV)
*Not extracted from current wording.*
### Income Insurance — Invest Flex
*Not extracted from current wording.*
### AIA Singapore — AIA Platinum Retirement
Elite
*Not extracted from current wording.*
### AIA Singapore — AIA Platinum Wealth
Elite 2.0
*Not extracted from current wording.*
### Great Eastern — Prestige
Legacy Index
*Not extracted from current wording.*
### Great Eastern — Prestige
Life Gold 4 (SGD/USD)
*Not extracted from current wording.*
### AIA Singapore — AIA Pro Achiever 3.0
*Not extracted from current wording.*
### AIA Singapore — AIA Pro Lifetime
Protector (II)
*Not extracted from current wording.*
### Income Insurance — Provenance Solitaire
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Life V
*Not extracted from current wording.*
### Prudential Singapore — PRUActive
LinkGuard
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Retirement
II
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Saver
III
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Term
*Not extracted from current wording.*
### Prudential Singapore — PRULink
InvestGrowth
*Not extracted from current wording.*
### Prudential Singapore — PRUVantage Legacy
Index
*Not extracted from current wording.*
### Prudential Singapore — PRUVantage Wealth
III
*Not extracted from current wording.*
### Prudential Singapore — PRUVital Cover
*Not extracted from current wording.*
### Prudential Singapore — PRUWealth Plus
(SGD)
*Not extracted from current wording.*
### AIA Singapore — AIA Retirement Saver
(IV)
*Not extracted from current wording.*
### AIA Singapore — AIA Secure Flexi Term
*Not extracted from current wording.*
### Singlife — Singlife Elite
Term II
*Not extracted from current wording.*
### Singlife — Singlife Flexi
Life Income II
*Not extracted from current wording.*
### Singlife — Singlife
Heritage Income
*Not extracted from current wording.*
### Singlife — Singlife Legacy
Indexed Income
*Not extracted from current wording.*
### Singlife — Singlife Savvy
Invest II
*Not extracted from current wording.*
### Singlife — Singlife Smart
Saver
*Not extracted from current wording.*
### Singlife — Singlife
Steadypay Saver
*Not extracted from current wording.*
### Singlife — Singlife Whole
Life Choice
*Not extracted from current wording.*
### AIA Singapore — AIA Smart Flexi Rewards
(II)
*Not extracted from current wording.*
### AIA Singapore — AIA Smart Wealth Builder
Series
*Not extracted from current wording.*
### Income Insurance — Star Term Protect
*Not extracted from current wording.*
### Income Insurance — TermLife Solitaire
*Not extracted from current wording.*
---
*Cross-insurer comparison generated from policy wordings ingested into `insurance.wording_facts`. Confidence tiers shown per-product. For current data, always verify against source PDFs.*
---
### https://lifeinsurance.com.sg/api/topic/premium-term/summary.md
# Premium Term
Length of time premiums are payable (single premium, limited pay,
regular pay).
## Cross-insurer comparison
### Income Insurance — AstraLink
*Not extracted from current wording.*
### Income Insurance — Complete Life Secure
*Not extracted from current wording.*
### AIA Singapore — Direct - AIA Term
Cover
*Not extracted from current wording.*
### Great Eastern — DIRECT -
GREAT Life II
*Not extracted from current wording.*
### Great Eastern — DIRECT -
GREAT Term
*Not extracted from current wording.*
### Singlife — DIRECT -
Singlife Term Life
*Not extracted from current wording.*
### Singlife — DIRECT -
Singlife Whole Life
*Not extracted from current wording.*
### Great Eastern — Great
Eastern Cares Term Plan
*Not extracted from current wording.*
### Great Eastern — GREAT Flexi
Goal
*Not extracted from current wording.*
### Great Eastern — GREAT Flexi
Protect Series 3
*Not extracted from current wording.*
### Great Eastern — GREAT Life
Advantage 4
*Not extracted from current wording.*
### Great Eastern — GREAT Life
Multiplier
*Not extracted from current wording.*
### Great Eastern — GREAT
Term
*Not extracted from current wording.*
### Great Eastern — GREAT
Wealth Advantage 4
*Not extracted from current wording.*
### Great Eastern — GREAT
Wealth Multiplier 3
*Not extracted from current wording.*
### Income Insurance — Gro Retire Flex Pro
II
*Not extracted from current wording.*
### Income Insurance — Gro Saver Flex Pro
*Not extracted from current wording.*
### AIA Singapore — AIA Guaranteed Protect
Plus (IV)
*Not extracted from current wording.*
### Income Insurance — Invest Flex
*Not extracted from current wording.*
### AIA Singapore — AIA Platinum Retirement
Elite
*Not extracted from current wording.*
### AIA Singapore — AIA Platinum Wealth
Elite 2.0
*Not extracted from current wording.*
### Great Eastern — Prestige
Legacy Index
*Not extracted from current wording.*
### Great Eastern — Prestige
Life Gold 4 (SGD/USD)
*Not extracted from current wording.*
### AIA Singapore — AIA Pro Achiever 3.0
*Not extracted from current wording.*
### AIA Singapore — AIA Pro Lifetime
Protector (II)
*Not extracted from current wording.*
### Income Insurance — Provenance Solitaire
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Life V
*Not extracted from current wording.*
### Prudential Singapore — PRUActive
LinkGuard
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Retirement
II
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Saver
III
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Term
*Not extracted from current wording.*
### Prudential Singapore — PRULink
InvestGrowth
*Not extracted from current wording.*
### Prudential Singapore — PRUVantage Legacy
Index
*Not extracted from current wording.*
### Prudential Singapore — PRUVantage Wealth
III
*Not extracted from current wording.*
### Prudential Singapore — PRUVital Cover
*Not extracted from current wording.*
### Prudential Singapore — PRUWealth Plus
(SGD)
*Not extracted from current wording.*
### AIA Singapore — AIA Retirement Saver
(IV)
*Not extracted from current wording.*
### AIA Singapore — AIA Secure Flexi Term
*Not extracted from current wording.*
### Singlife — Singlife Elite
Term II
*Not extracted from current wording.*
### Singlife — Singlife Flexi
Life Income II
*Not extracted from current wording.*
### Singlife — Singlife
Heritage Income
*Not extracted from current wording.*
### Singlife — Singlife Legacy
Indexed Income
*Not extracted from current wording.*
### Singlife — Singlife Savvy
Invest II
*Not extracted from current wording.*
### Singlife — Singlife Smart
Saver
*Not extracted from current wording.*
### Singlife — Singlife
Steadypay Saver
*Not extracted from current wording.*
### Singlife — Singlife Whole
Life Choice
*Not extracted from current wording.*
### AIA Singapore — AIA Smart Flexi Rewards
(II)
*Not extracted from current wording.*
### AIA Singapore — AIA Smart Wealth Builder
Series
*Not extracted from current wording.*
### Income Insurance — Star Term Protect
*Not extracted from current wording.*
### Income Insurance — TermLife Solitaire
*Not extracted from current wording.*
---
*Cross-insurer comparison generated from policy wordings ingested into `insurance.wording_facts`. Confidence tiers shown per-product. For current data, always verify against source PDFs.*
---
### https://lifeinsurance.com.sg/api/topic/reinstatement/summary.md
# Reinstatement
Conditions and time-window for reinstating a lapsed policy.
## Cross-insurer comparison
### Income Insurance — AstraLink
```json
{
"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 term 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
}
```
### Income Insurance — Complete Life Secure
```json
{
"conditions": "you can reinstate this policy and its riders (if any) within 36 months by paying the premiums you owed 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
}
```
### AIA Singapore — Direct - AIA Term
Cover
*Not extracted from current wording.*
### Great Eastern — DIRECT -
GREAT Life II
```json
{
"conditions": "you may reinstate the policy within 3 years from the date it lapsed and usual reinstatement conditions apply.",
"source_page": 7,
"window_years": 3
}
```
### Great Eastern — DIRECT -
GREAT Term
```json
{
"conditions": "reinstatement of this policy is allowed within 6 months from the lapse date and the usual reinstatement conditions apply.",
"source_page": 3,
"window_years": 0.5
}
```
### Singlife — DIRECT -
Singlife Term Life
*Not extracted from current wording.*
### Singlife — DIRECT -
Singlife Whole Life
*Not extracted from current wording.*
### Great Eastern — Great
Eastern Cares Term Plan
```json
{
"conditions": "reinstatement of the policy is allowed within 3 years from the lapse date and the usual reinstatement conditions apply.",
"source_page": 4,
"window_years": 3
}
```
### Great Eastern — GREAT Flexi
Goal
```json
{
"conditions": "You may reinstate the policy within 6 months from the date it lapsed and usual reinstatement conditions apply.",
"source_page": 8
}
```
### Great Eastern — GREAT Flexi
Protect Series 3
*Not extracted from current wording.*
### Great Eastern — GREAT Life
Advantage 4
```json
{
"conditions": "You may reinstate the policy within 3 years from the lapse date and usual reinstatement conditions apply. Please note that reinstatement will require a declaration of the health status. For policies which are issued on simplified underwriting basis: You may reinstate the policy within 6 months from the lapse date and usual reinstatement conditions apply. Please note that reinstatement will require a declaration of the health status.",
"source_page": 14,
"window_years": 3
}
```
### Great Eastern — GREAT Life
Multiplier
```json
{
"conditions": "If the policy lapses because it does not have enough net surrender value, you may reinstate it within 3 years from the date it lapses and usual reinstatement conditions apply.",
"source_page": 7,
"window_years": 3
}
```
### Great Eastern — GREAT
Term
```json
{
"conditions": "reinstatement of the policy is allowed within 6 months from the lapse date and the usual reinstatement conditions apply.",
"source_page": 2,
"window_years": 0.5
}
```
### Great Eastern — GREAT
Wealth Advantage 4
```json
{
"conditions": "You may reinstate the policy within 6 months from the lapse date and usual reinstatement conditions apply.",
"source_page": 14,
"window_years": 0.5
}
```
### Great Eastern — GREAT
Wealth Multiplier 3
```json
{
"conditions": "If the policy lapses because it does not have enough net surrender value, you may reinstate the policy within 6 months from the date it lapsed and usual reinstatement conditions apply.",
"source_page": 9
}
```
### Income Insurance — Gro Retire Flex Pro
II
```json
{
"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
}
```
### Income Insurance — Gro Saver Flex Pro
```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
}
```
### AIA Singapore — AIA Guaranteed Protect
Plus (IV)
*Not extracted from current wording.*
### Income Insurance — Invest Flex
```json
{
"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
}
```
### AIA Singapore — AIA Platinum Retirement
Elite
```json
{
"conditions": "Unless your Policy has been terminated as described in paragraphs (i), (ii), (iii), or (vi) of section 7.5, the policy may be reinstated within 5 years from the date that the policy is lapsed, subject to satisfaction of our terms and conditions. For reinstatement, you are required to back-pay all outstanding past regular premiums that were due.",
"source_page": 6,
"window_years": 5
}
```
### AIA Singapore — AIA Platinum Wealth
Elite 2.0
```json
{
"conditions": "If the policy has lapsed due to unit depletion and has not been surrendered for its cash surrender value, the policy may be reinstated within 5 years from the date that the policy is lapsed, subject to satisfaction of our terms and conditions. For reinstatement, you are required to back-pay all outstanding past regular premiums and all fees and charges (where applicable) that were due.",
"source_page": 8,
"window_years": 5
}
```
### Great Eastern — Prestige
Legacy Index
*Not extracted from current wording.*
### Great Eastern — Prestige
Life Gold 4 (SGD/USD)
*Not extracted from current wording.*
### AIA Singapore — AIA Pro Achiever 3.0
*Not extracted from current wording.*
### AIA Singapore — AIA Pro Lifetime
Protector (II)
```json
{
"conditions": "If the policy has lapsed due to unit depletion and has not been surrendered for its cash surrender value, the policy may be reinstated within 5 years from the date that the policy is lapsed, subject to satisfaction of our terms and conditions. For reinstatement you will not be required to back-pay, and we will not accept any payment for past regular premiums that were due during the lapsed period of the policy.",
"source_page": 4,
"window_years": 5
}
```
### Income Insurance — Provenance Solitaire
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Life V
*Not extracted from current wording.*
### Prudential Singapore — PRUActive
LinkGuard
```json
{
"conditions": "you apply within 24 months from the end date of your policy; you pay all the premiums you owe; the life assured is under 60 years old; and you give us satisfactory evidence of the health of the life assured. You must pay the costs involved in this.",
"source_page": 11,
"window_years": 2
}
```
### Prudential Singapore — PRUActive Retirement
II
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Saver
III
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Term
*Not extracted from current wording.*
### Prudential Singapore — PRULink
InvestGrowth
*Not extracted from current wording.*
### Prudential Singapore — PRUVantage Legacy
Index
*Not extracted from current wording.*
### Prudential Singapore — PRUVantage Wealth
III
```json
{
"conditions": "If you chose to reinstate the policy by only paying current premium, then in the future, you cannot choose to pay any of the previously unpaid premiums due during the premium holiday period to receive the premium holiday charge refund.",
"source_page": 12
}
```
### Prudential Singapore — PRUVital Cover
*Not extracted from current wording.*
### Prudential Singapore — PRUWealth Plus
(SGD)
*Not extracted from current wording.*
### AIA Singapore — AIA Retirement Saver
(IV)
*Not extracted from current wording.*
### AIA Singapore — AIA Secure Flexi Term
*Not extracted from current wording.*
### Singlife — Singlife Elite
Term II
*Not extracted from current wording.*
### Singlife — Singlife Flexi
Life Income II
*Not extracted from current wording.*
### Singlife — Singlife
Heritage Income
*Not extracted from current wording.*
### Singlife — Singlife Legacy
Indexed Income
*Not extracted from current wording.*
### Singlife — Singlife Savvy
Invest II
*Not extracted from current wording.*
### Singlife — Singlife Smart
Saver
*Not extracted from current wording.*
### Singlife — Singlife
Steadypay Saver
*Not extracted from current wording.*
### Singlife — Singlife Whole
Life Choice
*Not extracted from current wording.*
### AIA Singapore — AIA Smart Flexi Rewards
(II)
*Not extracted from current wording.*
### AIA Singapore — AIA Smart Wealth Builder
Series
*Not extracted from current wording.*
### Income Insurance — Star Term Protect
```json
{
"conditions": "If this policy and its riders (if any) end because you have not paid the premium, 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.",
"source_page": 4,
"window_years": 3
}
```
### Income Insurance — TermLife Solitaire
```json
{
"conditions": "If this policy and its riders (if any) end because you have not paid the premium, you can reinstate it 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 when you apply, then you need not give us satisfactory proof of the insured's good health.",
"source_page": 1,
"window_years": 3
}
```
---
*Cross-insurer comparison generated from policy wordings ingested into `insurance.wording_facts`. Confidence tiers shown per-product. For current data, always verify against source PDFs.*
---
### https://lifeinsurance.com.sg/api/topic/riders/summary.md
# Riders
Optional add-ons: critical illness, TPD, accidental death, waiver of
premium, hospital cash.
## Cross-insurer comparison
### Income Insurance — AstraLink
```json
[
{
"name": "Critical Protect (ILP)",
"rider_type": "critical-illness",
"description": "A unit deducting rider that can be attached to AstraLink. If taken up, an enhanced investment bonus applies based on Table 2 (percentage of regular premiums paid in the first 12 months, varying by sum assured multiple and MIP). The rider's sum assured changes correspondingly with changes to the basic policy's regular premium or sum assured.",
"source_page": 2,
"available_at_inception": true,
"available_after_inception": true
}
]
```
### Income Insurance — Complete Life Secure
```json
[
{
"name": "Complete Life Secure – Protection Benefit",
"rider_type": "other",
"description": "This policy includes a non-participating regular premium compulsory rider, Complete Life Secure – Protection Benefit. It pays retrenchment benefit and part of the multiplier cover. This rider will end immediately when its basic policy ends or is converted to a paid-up policy. It does not form part of the Life Participating Fund and no bonus is payable on the benefit.",
"source_page": 1,
"available_at_inception": true,
"available_after_inception": false
}
]
```
### AIA Singapore — Direct - AIA Term
Cover
```json
[
{
"name": "DIRECT - CI for Term Cover",
"rider_type": "critical-illness",
"description": "optional non-participating accelerating Critical Illness supplementary benefit to complement your DIRECT - AIA Term Cover policy",
"source_page": 1,
"available_at_inception": true,
"available_after_inception": false
}
]
```
### Great Eastern — DIRECT -
GREAT Life II
*Not extracted from current wording.*
### Great Eastern — DIRECT -
GREAT Term
*Not extracted from current wording.*
### Singlife — DIRECT -
Singlife Term Life
*Not extracted from current wording.*
### Singlife — DIRECT -
Singlife Whole Life
*Not extracted from current wording.*
### Great Eastern — Great
Eastern Cares Term Plan
*Not extracted from current wording.*
### Great Eastern — GREAT Flexi
Goal
*Not extracted from current wording.*
### Great Eastern — GREAT Flexi
Protect Series 3
```json
[
{
"name": "Term Multiplier Rider 3",
"rider_type": "other",
"description": "Provides multiplied coverage for Death, Total and Permanent Disability, and Terminal Illness up to age 100.",
"source_page": 2,
"available_at_inception": true
},
{
"name": "Living Multiplier Rider 3",
"rider_type": "critical-illness",
"description": "Provides multiplied coverage for Death, Total and Permanent Disability, Terminal Illness, and Critical Stage of Critical Illness. Premium rates are not guaranteed and may be adjusted based on future experience of the plans.",
"source_page": 2,
"available_at_inception": true
},
{
"name": "Complete Living Multiplier Rider 3",
"rider_type": "early-critical-illness",
"description": "Provides multiplied coverage for Death, Total and Permanent Disability, Terminal Illness, Critical Stage of Critical Illness, Early and Intermediate Stages of Critical Illness, and Additional Benefits (Special Benefit — only for Angioplasty). Premium rates are not guaranteed and may be adjusted based on future experience of the plans.",
"source_page": 2,
"available_at_inception": true
}
]
```
### Great Eastern — GREAT Life
Advantage 4
```json
[
{
"name": "GREAT CI Advantage Rider",
"rider_type": "critical-illness",
"description": "An Additional CI Unit-Deducting Rider (UDR) attached to the policy whereby the payment of benefit for critical illness under such rider will not reduce or affect the basic sum assured under the base plan, GREAT Life Advantage 4.",
"source_page": 3,
"available_at_inception": true,
"available_after_inception": true
},
{
"name": "GREAT CI Advantage Plus Rider",
"rider_type": "critical-illness",
"description": "An Additional CI Unit-Deducting Rider (UDR) attached to the policy whereby the payment of benefit for critical illness under such rider will not reduce or affect the basic sum assured under the base plan, GREAT Life Advantage 4.",
"source_page": 3,
"available_at_inception": true,
"available_after_inception": true
}
]
```
### Great Eastern — GREAT Life
Multiplier
*Not extracted from current wording.*
### Great Eastern — GREAT
Term
```json
[
{
"name": "TPD Benefit Rider 2",
"rider_type": "tpd",
"description": "A non-participating, regular premium insurance rider which provides protection against Total and Permanent Disability (TPD). If sum assured of rider is equivalent to sum assured of basic plan, we will pay the death benefit from the basic plan and the policy will then end. If sum assured of rider is less than sum assured of basic plan, we will pay the sum assured of this rider, which will be accelerated from the basic plan. The most we will pay in benefit for TPD for all policies and riders we have issued for each life assured is S$5,000,000.",
"source_page": 1,
"available_at_inception": true,
"available_after_inception": true
}
]
```
### Great Eastern — GREAT
Wealth Advantage 4
```json
[
{
"name": "Cash-paying riders (supplementary benefits)",
"rider_type": "other",
"description": "You may wish to add optional supplementary benefits by attaching cash-paying riders to your plan. These riders provide protection against critical illness of varying stages, accidental events and disability income.",
"source_page": 7,
"available_at_inception": true,
"available_after_inception": true
}
]
```
### Great Eastern — GREAT
Wealth Multiplier 3
*Not extracted from current wording.*
### Income Insurance — Gro Retire Flex Pro
II
```json
[
{
"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
}
]
```
### Income Insurance — Gro Saver Flex Pro
*Not extracted from current wording.*
### AIA Singapore — AIA Guaranteed Protect
Plus (IV)
*Not extracted from current wording.*
### Income Insurance — Invest Flex
```json
[
{
"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
}
]
```
### AIA Singapore — AIA Platinum Retirement
Elite
*Not extracted from current wording.*
### AIA Singapore — AIA Platinum Wealth
Elite 2.0
```json
[
{
"name": "Total and Permanent Disability Rider",
"rider_type": "tpd",
"description": "Total and Permanent Disability Rider is a non-participating supplementary benefit which provides financial protection if the Insured becomes totally and permanently disabled before age 70. This benefit accelerates the payment of the Insured Amount of the Basic Policy.",
"source_page": 17,
"available_at_inception": true,
"available_after_inception": true
},
{
"name": "AIA Vitality Benefit on AIA Platinum Wealth Elite 2.0",
"rider_type": "other",
"description": "When the Insured signs up as an AIA Vitality member, or is an existing AIA Vitality member at the point of purchase, your policy will provide additional bonus units, also known as Vitality Fund Boost. The Vitality Fund Boost will be payable up to the first 5 policy years upon meeting certain criteria.",
"source_page": 15,
"available_at_inception": true,
"available_after_inception": false
}
]
```
### Great Eastern — Prestige
Legacy Index
*Not extracted from current wording.*
### Great Eastern — Prestige
Life Gold 4 (SGD/USD)
*Not extracted from current wording.*
### AIA Singapore — AIA Pro Achiever 3.0
```json
[
{
"name": "Secondary Insured Option",
"rider_type": "other",
"description": "During the term of the policy, a Secondary Insured can be appointed to ensure the continuity of the policy upon death of the Insured. The Secondary Insured will become the new Insured of the basic policy and the policy continues upon the death of the Insured.",
"source_page": 3,
"available_at_inception": true,
"available_after_inception": true
}
]
```
### AIA Singapore — AIA Pro Lifetime
Protector (II)
*Not extracted from current wording.*
### Income Insurance — Provenance Solitaire
```json
[
{
"name": "Provenance Solitaire – Protection Benefit",
"rider_type": "other",
"description": "A single premium compulsory non-participating rider that provides protection against death and terminal illness during the policy term. It does not form part of the Life Participating Fund and no bonus is payable on the benefit.",
"source_page": 2,
"available_at_inception": true,
"available_after_inception": false
},
{
"code": "TSN3",
"name": "Provenance Disability Accelerator",
"rider_type": "tpd",
"description": "A non-participating, single premium accelerated rider that provides total and permanent disability (TPD) cover for a limited period of time. The rider term will follow the basic policy term, subject to the maximum coverage of before the anniversary immediately after the insured reaches the age of 70. The sum assured of this rider cannot exceed the sum assured of its basic policy. Upon TPD, pays 100% of this rider's sum assured and corresponding pro-rated bonuses of the basic policy, or 100% of this rider's minimum protection value (whichever is higher). Any payment under this rider will form an accelerated payment and reduce the sum assured and bonuses of its basic policy.",
"source_page": 16,
"available_at_inception": true,
"available_after_inception": false
}
]
```
### Prudential Singapore — PRUActive Life V
```json
[
{
"name": "Crisis Care (PRUActive Life V)",
"rider_type": "critical-illness",
"description": "Critical illness cover that can be added to the PRUActive Life V policy. The sum assured of this benefit accelerates from the Death benefit. Referenced throughout the policy in the context of claims interaction with Death, Terminal Illness and Disability benefits.",
"source_page": 2,
"available_at_inception": true,
"available_after_inception": false
},
{
"name": "Early Crisis Care (PRUActive Life V)",
"rider_type": "early-critical-illness",
"description": "Early critical illness cover that can be added to the PRUActive Life V policy. Referenced in the context of claims interaction with Death and other accelerating benefits.",
"source_page": 2,
"available_at_inception": true,
"available_after_inception": false
},
{
"name": "Multiplier Benefit",
"rider_type": "other",
"description": "The Multiplier benefit is the guaranteed amount that we pay in the event of death, terminal illness, total and permanent disability, critical illness (if applicable) of the life assured until the selected Multiplier benefit age. The selected Multiplier benefit age can be 65, 70, 75 or 80 years. The Multiplier benefit factors that you can choose are 2, 3, 4 or 5 times of the sum assured. The Multiplier Benefit is written out of the non-participating fund and does not affect the experience of the participating fund. It also does not provide any surrender value.",
"source_page": 2,
"available_at_inception": true,
"available_after_inception": false
}
]
```
### Prudential Singapore — PRUActive
LinkGuard
```json
[
{
"name": "Crisis Protect benefit",
"rider_type": "critical-illness",
"description": "Can be added as part of your basic benefit to your policy at any time if the benefit is available, you are paying your regular premiums, we decide that the life assured is in good health, the life assured is below 45 years old, and your policy has not ended.",
"source_page": 7,
"available_at_inception": true,
"available_after_inception": true
},
{
"name": "Early Crisis Protect benefit",
"rider_type": "early-critical-illness",
"description": "Can only be added if you have added the Crisis Protect benefit. Available if the benefit is available, you are paying your regular premiums, life assured is in good health, life assured is below 45 years old, and your policy has not ended.",
"source_page": 7,
"available_at_inception": true,
"available_after_inception": true
},
{
"name": "Crisis Care benefit",
"rider_type": "critical-illness",
"description": "Can be added as part of your basic benefit to your policy at any time if the benefit is available, you are paying your regular premiums, we decide that the life assured is in good health, the life assured is below 45 years old, and your policy has not ended. You can only add either Crisis Protect or Crisis Care, but not both.",
"source_page": 7,
"available_at_inception": true,
"available_after_inception": true
},
{
"name": "Early Crisis Care benefit",
"rider_type": "early-critical-illness",
"description": "Can only be added if you have added the Crisis Care benefit. Available if the benefit is available, you are paying your regular premiums, life assured is in good health, life assured is below 45 years old, and your policy has not ended.",
"source_page": 7,
"available_at_inception": true,
"available_after_inception": true
},
{
"name": "Disability Provider III",
"rider_type": "tpd",
"description": "Supplementary benefit available to add to your policy at any time if the supplementary benefit is available, you are paying your regular premiums, the life assured is in good health, the life assured is within the age limits, you pay the extra premium, and your policy has not ended.",
"source_page": 7,
"available_at_inception": true,
"available_after_inception": true
},
{
"name": "Accident Assist",
"rider_type": "accidental-death",
"description": "Supplementary benefit available to add to your policy at any time subject to conditions.",
"source_page": 7,
"available_at_inception": true,
"available_after_inception": true
},
{
"name": "Fracture Care PA",
"rider_type": "other",
"description": "Supplementary benefit available to add to your policy at any time subject to conditions.",
"source_page": 7,
"available_at_inception": true,
"available_after_inception": true
},
{
"name": "Crisis Waiver III",
"rider_type": "waiver-of-premium",
"description": "Supplementary benefit available to add to your policy at any time subject to conditions.",
"source_page": 7,
"available_at_inception": true,
"available_after_inception": true
},
{
"name": "Early Stage Crisis Waiver",
"rider_type": "waiver-of-premium",
"description": "Supplementary benefit available to add to your policy at any time subject to conditions.",
"source_page": 7,
"available_at_inception": true,
"available_after_inception": true
},
{
"name": "Payer Security III",
"rider_type": "payor-benefit",
"description": "Supplementary benefit available to add to your policy at any time subject to conditions.",
"source_page": 7,
"available_at_inception": true,
"available_after_inception": true
},
{
"name": "Payer Security Plus",
"rider_type": "payor-benefit",
"description": "Supplementary benefit available to add to your policy at any time subject to conditions.",
"source_page": 7,
"available_at_inception": true,
"available_after_inception": true
},
{
"name": "Early Payer Security",
"rider_type": "payor-benefit",
"description": "Supplementary benefit available to add to your policy at any time subject to conditions.",
"source_page": 7,
"available_at_inception": true,
"available_after_inception": true
},
{
"name": "PruSmart Lady II",
"rider_type": "other",
"description": "Supplementary benefit available to add to your policy at any time subject to conditions.",
"source_page": 7,
"available_at_inception": true,
"available_after_inception": true
},
{
"name": "Crisis Cover Kids",
"rider_type": "critical-illness",
"description": "Supplementary benefit available to add to your policy at any time subject to conditions.",
"source_page": 7,
"available_at_inception": true,
"available_after_inception": true
}
]
```
### Prudential Singapore — PRUActive Retirement
II
```json
[
{
"name": "Accidental Disability Benefit",
"rider_type": "tpd",
"description": "If the life assured becomes totally and permanently disabled because of an accident before the cover end date of the Accidental Disability Benefit as shown in your certificate of life assurance, we pay an extra monthly instalment which is equal to the guaranteed monthly income (Disability Monthly Income) up to a maximum amount of $6,250 for each disability monthly income instalment. We pay this Disability Monthly Income from the next month following the date of disability until the maturity of the policy or when the life assured dies, whichever event happens first. If the policy has a regular Premium Payment Term, and when the disability of the life assured because of an accident is confirmed, we will waive any future premiums due on your policy.",
"source_page": 4,
"available_at_inception": true,
"available_after_inception": false
},
{
"name": "Surviving Spouse Benefit",
"rider_type": "other",
"description": "An optional benefit available on a policy that has a husband and wife as joint owners of the policy. Should the Main Life Assured die after the premium payment term, the policy will continue on the life of the Successor Life Assured (the spouse) rather than paying out the Death Benefit. You are allowed to appoint or change the spouse as the Successor Life Assured up to 3 times throughout the policy term.",
"source_page": 5,
"available_at_inception": true,
"available_after_inception": true
}
]
```
### Prudential Singapore — PRUActive Saver
III
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Term
*Not extracted from current wording.*
### Prudential Singapore — PRULink
InvestGrowth
*Not extracted from current wording.*
### Prudential Singapore — PRUVantage Legacy
Index
*Not extracted from current wording.*
### Prudential Singapore — PRUVantage Wealth
III
```json
[
{
"name": "Payer Security Plus",
"rider_type": "waiver-of-premium",
"description": "Supplementary benefit attachable to PRUVantage Wealth III. Specific terms subject to product terms and conditions.",
"source_page": 17,
"available_at_inception": true,
"available_after_inception": true
},
{
"name": "Crisis Waiver III",
"rider_type": "waiver-of-premium",
"description": "Supplementary benefit attachable to PRUVantage Wealth III. Specific terms subject to product terms and conditions.",
"source_page": 17,
"available_at_inception": true,
"available_after_inception": true
},
{
"name": "Accident Assist",
"rider_type": "accidental-death",
"description": "Supplementary benefit attachable to PRUVantage Wealth III. Specific terms subject to product terms and conditions.",
"source_page": 17,
"available_at_inception": true,
"available_after_inception": true
}
]
```
### Prudential Singapore — PRUVital Cover
*Not extracted from current wording.*
### Prudential Singapore — PRUWealth Plus
(SGD)
*Not extracted from current wording.*
### AIA Singapore — AIA Retirement Saver
(IV)
*Not extracted from current wording.*
### AIA Singapore — AIA Secure Flexi Term
```json
[
{
"name": "TPD on Secure Flexi Term (R&C)",
"rider_type": "tpd",
"description": "A non-participating supplementary benefit which provides financial protection if the Insured becomes totally and permanently disabled before age 70. This benefit accelerates the payment of the Insured Amount of the basic policy.",
"source_page": 7,
"available_at_inception": true,
"available_after_inception": true
}
]
```
### Singlife — Singlife Elite
Term II
```json
[
{
"name": "TPD Advance Cover Plus III",
"rider_type": "tpd",
"description": "This is a non-participating Total and Permanent Disability Supplementary Benefit (TPD Benefit). It offers protection against disability which is total and permanent during the period of the benefit term. This TPD Benefit accelerates the Death Benefit of the Policy to which it is attached. This Supplementary Benefit does not have any cash value. The premium rates for this Supplementary Benefit are level and guaranteed throughout the premium term.",
"source_page": 1,
"available_at_inception": true,
"available_after_inception": false
}
]
```
### Singlife — Singlife Flexi
Life Income II
```json
[
{
"name": "Supplementary Benefits",
"rider_type": "other",
"description": "While the Policy is in force, You may request to add additional Supplementary Benefits to Your Policy, subject to Our terms and conditions and provided the Supplementary Benefits are available at the point of Your application. You have to pay extra premiums for these additional Supplementary Benefits. No Supplementary Benefit is available for single premium payment term Policy.",
"source_page": 2,
"available_at_inception": true,
"available_after_inception": true
}
]
```
### Singlife — Singlife
Heritage Income
```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
}
]
```
### Singlife — Singlife Legacy
Indexed Income
*Not extracted from current wording.*
### Singlife — Singlife Savvy
Invest II
```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. Please refer to the respective Supplementary Benefits' terms and conditions for the full details of exclusions.",
"source_page": 5,
"available_at_inception": true,
"available_after_inception": true
}
]
```
### Singlife — Singlife Smart
Saver
```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. Please refer to the respective Supplementary Benefits' Terms and Conditions for the full details of exclusions.",
"source_page": 2,
"available_at_inception": true,
"available_after_inception": true
}
]
```
### Singlife — Singlife
Steadypay Saver
```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. Please refer to the respective Supplementary Benefits' Terms and Conditions for the full details of exclusions.",
"source_page": 2,
"available_at_inception": true,
"available_after_inception": true
}
]
```
### Singlife — Singlife Whole
Life Choice
*Not extracted from current wording.*
### AIA Singapore — AIA Smart Flexi Rewards
(II)
*Not extracted from current wording.*
### AIA Singapore — AIA Smart Wealth Builder
Series
*Not extracted from current wording.*
### Income Insurance — Star Term Protect
```json
[
{
"name": "Available riders (unspecified)",
"rider_type": "other",
"description": "With additional premiums, 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": 3,
"available_at_inception": true
}
]
```
### Income Insurance — TermLife Solitaire
```json
[
{
"code": "TCN2",
"name": "Disability Accelerator",
"rider_type": "tpd",
"description": "Disability Accelerator is an accelerated rider attached to a basic policy. It is a non-participating, regular premium rider that provides insurance protection against total and permanent disability (TPD) for a limited period of time. The term of rider will follow the basic policy term, subject to the maximum coverage of age 70 last birthday. The sum assured of this rider cannot exceed the sum assured of the basic policy.",
"source_page": 5,
"available_at_inception": true,
"available_after_inception": true
}
]
```
---
*Cross-insurer comparison generated from policy wordings ingested into `insurance.wording_facts`. Confidence tiers shown per-product. For current data, always verify against source PDFs.*
---
### https://lifeinsurance.com.sg/api/topic/suicide-clause/summary.md
# Suicide Clause
Standard 1-year suicide exclusion / limit-of-liability terms.
## Cross-insurer comparison
### Income Insurance — AstraLink
```json
{
"source_page": 5,
"payout_within_period": "The cash-in value at the time we are told about the claim will be paid if the insured commits suicide within one year from the cover start date.",
"exclusion_period_months": 12
}
```
### Income Insurance — Complete Life Secure
```json
{
"source_page": 8,
"payout_within_period": "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
}
```
### AIA Singapore — Direct - AIA Term
Cover
```json
{
"source_page": 2,
"payout_within_period": "If the Insured, whether sane or insane, commits suicide within one year from the issue date or reinstatement date of the basic policy, whichever is later, our liability shall only be limited to the refund of premiums paid without interest.",
"exclusion_period_months": 12
}
```
### Great Eastern — DIRECT -
GREAT Life II
```json
{
"source_page": 3,
"payout_within_period": "We will not pay the death benefit if the life assured dies due to suicide, while sane or insane, within 1 year from the date of issue of the policy or from the date of any reinstatement, the policy will be rendered void and we will refund all premiums paid.",
"exclusion_period_months": 12
}
```
### Great Eastern — DIRECT -
GREAT Term
```json
{
"source_page": 3,
"payout_within_period": "We will refund all the premiums you have paid to you or your legal personal representative if you are both the life assured and policyholder of this policy, regardless whether you have transferred the legal right of this policy to someone else.",
"exclusion_period_months": 12
}
```
### Singlife — DIRECT -
Singlife Term Life
```json
{
"source_page": 3,
"payout_within_period": "If the life assured commits suicide (while sane or insane) within one year from the policy issue date or the last reinstatement date of your policy, whichever is later, we will void your policy on the date immediately before the date of death. As long as you have not made any claim under your policy, we will refund premiums paid for the basic benefits, without interest and less any amount you owe us, from the policy issue date or the last reinstatement date of your policy, whichever is later.",
"exclusion_period_months": 12
}
```
### Singlife — DIRECT -
Singlife Whole Life
```json
{
"source_page": 10,
"payout_within_period": "If the life assured commits suicide (while sane or insane) within one year from the policy issue date or the last reinstatement date of your policy (whichever is later), your policy is void on the date immediately before the date of death. We will refund premiums paid for the basic benefits, without interest and less any amount you owe us, from the policy issue date or the last reinstatement date of your policy (whichever is later).",
"exclusion_period_months": 12
}
```
### Great Eastern — Great
Eastern Cares Term Plan
```json
{
"source_page": 3,
"payout_within_period": "The policy will be void. We will refund all the premiums you have paid without interest.",
"exclusion_period_months": 12
}
```
### Great Eastern — GREAT Flexi
Goal
```json
{
"source_page": 3,
"payout_within_period": "The policy will be void. We will refund all the premiums you have paid without interest (after deducting any outstanding debt, and any benefits and/or bonuses paid).",
"exclusion_period_months": 12
}
```
### Great Eastern — GREAT Flexi
Protect Series 3
*Not extracted from current wording.*
### Great Eastern — GREAT Life
Advantage 4
```json
{
"source_page": 15,
"payout_within_period": "We will not pay the benefit if the life assured dies due to suicide, while sane or insane, within 12 months from the date we issue the policy or from the date of reinstatement (if applicable). We will terminate your policy and pay the account value calculated as the next valuation date following our receipt of notification of the death.",
"exclusion_period_months": 12
}
```
### Great Eastern — GREAT Life
Multiplier
```json
{
"source_page": 2,
"payout_within_period": "If the life assured dies by suicide, while sane or insane, or from any pre-existing condition, within 12 months from the date of issue of the policy or from the date of any reinstatement, the policy will be rendered void and we will refund all premiums paid without interest (after deducting any outstanding debt, and any benefits and/or bonuses paid).",
"exclusion_period_months": 12
}
```
### Great Eastern — GREAT
Term
```json
{
"source_page": 2,
"payout_within_period": "We will not pay the benefit if the life assured commits suicide, while sane or insane, within 1 year from the date we issue the policy or from the date of any reinstatement, whichever is later. The policy will be void. We will refund all the premiums you have paid to you or your legal personal representative if you are both the life assured and policyholder of the policy, regardless of whether you have transferred the legal right of the policy to someone else.",
"exclusion_period_months": 12
}
```
### Great Eastern — GREAT
Wealth Advantage 4
```json
{
"source_page": 9,
"payout_within_period": "We will pay the account value calculated as at the next valuation date following our receipt of notification of the death, less any amounts paid as welcome bonus, loyalty bonus, premium bonus and premium holiday charge refund.",
"exclusion_period_months": 12
}
```
### Great Eastern — GREAT
Wealth Multiplier 3
```json
{
"source_page": 4,
"payout_within_period": "We will not pay any benefit for death due to: (a) suicide while sane or insane; or (b) any pre-existing condition, within 12 months from the date we issue the policy or from the date of reinstatement (if applicable) of the policy. The policy will be void regardless of whether there is a secondary life assured appointed for the policy. We will refund all the premiums you have paid without interest (after deducting any outstanding debt, and any benefits and/or bonuses paid).",
"exclusion_period_months": 12
}
```
### Income Insurance — Gro Retire Flex Pro
II
```json
{
"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
}
```
### Income Insurance — Gro Saver Flex Pro
```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
}
```
### AIA Singapore — AIA Guaranteed Protect
Plus (IV)
```json
{
"source_page": 6,
"payout_within_period": "If the Insured commits suicide within one year from the policy issue date or date of reinstatement, whichever is later, our liability will be limited to a return of premiums paid without interest.",
"exclusion_period_months": 12
}
```
### Income Insurance — Invest Flex
```json
{
"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
}
```
### AIA Singapore — AIA Platinum Retirement
Elite
```json
{
"source_page": 6,
"payout_within_period": "Our liability under the policy shall be limited to 100% of the policy value in case of the following: (i) if the Insured, whether sane or insane, commits suicide within one year from the issue date or reinstatement date of the policy, whichever is later",
"exclusion_period_months": 12
}
```
### AIA Singapore — AIA Platinum Wealth
Elite 2.0
```json
{
"source_page": 8,
"payout_within_period": "Our liability under the policy shall be limited to 100% of the policy value in case of the following: (i) if the Insured, whether sane or insane, commits suicide within one year from the issue date or reinstatement date of the policy, whichever is later",
"exclusion_period_months": 12
}
```
### Great Eastern — Prestige
Legacy Index
*Not extracted from current wording.*
### Great Eastern — Prestige
Life Gold 4 (SGD/USD)
```json
{
"source_page": 4,
"payout_within_period": "We will refund the premiums received, less any withdrawals made: (a) to the assignee if the policy has been assigned; or (b) to you or your legal personal representative if the policy has not been assigned, and the policy will then end.",
"exclusion_period_months": 12
}
```
### AIA Singapore — AIA Pro Achiever 3.0
```json
{
"payout_within_period": "not explicitly stated in extracted text",
"exclusion_period_months": 12
}
```
### AIA Singapore — AIA Pro Lifetime
Protector (II)
```json
{
"source_page": 4,
"payout_within_period": "Our liability under the policy shall be limited to 100% of the policy value in case of the following: (i) if the Insured, regardless of sanity, commits suicide within one year from the issue date or reinstatement date of the policy, whichever is later.",
"exclusion_period_months": 12
}
```
### Income Insurance — Provenance Solitaire
```json
{
"source_page": 6,
"payout_within_period": "This policy is not valid if the 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
}
```
### Prudential Singapore — PRUActive Life V
```json
{
"source_page": 3,
"payout_within_period": "If the life assured dies from suicide within 12 months from the cover start date or date of reinstatement (if any) of your policy, we will void your policy. In this case, we cancel it and refund the total premiums received from you. We will first deduct any policy loans (including interest), automatic premium loans (including interest), surgical and nursing loans and all other amounts you owe us in connection with your policy and expenses (including administrative, sales-related and medical expenses) we have had to pay for your policy.",
"exclusion_period_months": 12
}
```
### Prudential Singapore — PRUActive
LinkGuard
```json
{
"source_page": 2,
"payout_within_period": "If the life assured commits suicide within 12 months from the cover start date or date of reinstatement (if any) of your policy, we will void your policy. In this case, we cancel it and refund the premiums received from you. We will first deduct any withdrawals, all outstanding amounts you owe us in connection with your policy and expenses (including administrative, sales-related and medical expenses) we have had to pay on your policy. We use a premium refund formula that is decided by us, to work out the amount to refund you.",
"exclusion_period_months": 12
}
```
### Prudential Singapore — PRUActive Retirement
II
```json
{
"source_page": 3,
"payout_within_period": "If the life assured dies from suicide within 12 months from the cover start date of your policy or from the date of reinstatement (if any), we will void your policy, we cancel it and refund the total premiums received from you. We will deduct any policy loans (including interest), automatic premium loans (including interest), surgical and nursing loans and all other amounts you owe us in connection with your policy and expenses (including administrative, sales-related and medical expenses) we have had to pay for your policy.",
"exclusion_period_months": 12
}
```
### Prudential Singapore — PRUActive Saver
III
```json
{
"source_page": 1,
"payout_within_period": "death from suicide or Pre-existing Condition within 12 months from Cover Start Date or date of reinstatement (if any)) under which no benefits will be payable",
"exclusion_period_months": 12
}
```
### Prudential Singapore — PRUActive Term
```json
{
"source_page": 2,
"payout_within_period": "If the life assured dies from suicide within 12 months from the cover start date or date of reinstatement (if any) of your policy, we will make your policy void. In this case, we cancel it and refund the total premiums, without interest, received from you less expenses (including administrative, sales-related and medical expenses) we have had to pay for your policy.",
"exclusion_period_months": 12
}
```
### Prudential Singapore — PRULink
InvestGrowth
```json
{
"source_page": 2,
"payout_within_period": "If the life assured commits suicide within 12 months from the cover start date or date of reinstatement (if any) of your policy, we will void your policy. In this case, we cancel it and refund the premiums received from you. We will first deduct any withdrawals, all other amounts you owe us in connection with your policy and expenses (including administrative, sales-related and medical expenses) we have had to pay on your policy.",
"exclusion_period_months": 12
}
```
### Prudential Singapore — PRUVantage Legacy
Index
*Not extracted from current wording.*
### Prudential Singapore — PRUVantage Wealth
III
```json
{
"source_page": 2,
"payout_within_period": "If the life assured dies from suicide within 12 months from the cover start date or date of reinstatement (if any) of your policy, we will void your policy. In this case, we cancel it and refund the total premiums received from you. We will first deduct any withdrawals, dividend payments, all other amounts you owe us in connection with your policy and expenses (including administrative, sales-related and medical expenses) we have had to pay for your policy.",
"exclusion_period_months": 12
}
```
### Prudential Singapore — PRUVital Cover
```json
{
"source_page": 2,
"payout_within_period": "If the life assured dies from suicide within 12 months from the Cover Start Date or date of reinstatement of your policy, we will cancel your policy and refund the total premiums, without interest, received from you less expenses incurred by us on your policy.",
"exclusion_period_months": 12
}
```
### Prudential Singapore — PRUWealth Plus
(SGD)
```json
{
"source_page": 13,
"payout_within_period": "There are certain conditions (such as death from suicide or Pre-existing Conditions within 12 months from Cover Start Date, or date of reinstatement (if any) under which no benefits will be payable.",
"exclusion_period_months": 12
}
```
### AIA Singapore — AIA Retirement Saver
(IV)
```json
{
"source_page": 4,
"payout_within_period": "If the Insured commits suicide within 1 year from the policy issue date or date of reinstatement (where applicable), whichever is later, our liability will be limited to a return of premiums paid without interest.",
"exclusion_period_months": 12
}
```
### AIA Singapore — AIA Secure Flexi Term
```json
{
"source_page": 2,
"payout_within_period": "If the Insured, whether sane or insane, commits suicide within one year of the issue date or reinstatement date of the basic policy, whichever is later, unless otherwise specified in any supplementary agreements or endorsements, our liability shall only be limited to the refund of the total premiums paid without interest.",
"exclusion_period_months": 12
}
```
### Singlife — Singlife Elite
Term II
```json
{
"source_page": 5,
"payout_within_period": "We will void Your Policy on the date immediately before the date of death. As long as You have not made any claim under the Policy, We will refund premiums paid for the Policy, without interest and less any amounts owing to Us, from the Policy Issue Date, or the last reinstatement date, whichever is later.",
"exclusion_period_months": 12
}
```
### Singlife — Singlife Flexi
Life Income II
```json
{
"source_page": 7,
"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
}
```
### Singlife — Singlife
Heritage Income
```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
}
```
### Singlife — Singlife Legacy
Indexed Income
*Not extracted from current wording.*
### Singlife — Singlife Savvy
Invest II
```json
{
"source_page": 13,
"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 void from the date immediately prior to the date of death. We will refund without interest, the account value of the policy based on the unit price on the next appropriate fund valuation date immediately following the date We receive the death claim notification, less any amount of Welcome Bonus and Loyalty Bonus paid from the policy issue date or the date of the last reinstatement of the policy (whichever is later) and any amounts owing to Us.",
"exclusion_period_months": 12
}
```
### Singlife — Singlife Smart
Saver
```json
{
"source_page": 9,
"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 void from the date immediately prior to the date of death.",
"exclusion_period_months": 12
}
```
### Singlife — Singlife
Steadypay Saver
```json
{
"source_page": 6,
"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 prior to the date of death.",
"exclusion_period_months": 12
}
```
### Singlife — Singlife Whole
Life Choice
*Not extracted from current wording.*
### AIA Singapore — AIA Smart Flexi Rewards
(II)
```json
{
"source_page": 2,
"payout_within_period": "If the Insured commits suicide within one year from the policy issue date or date of reinstatement, whichever is later, our liability will be limited to a return of premiums paid without interest.",
"exclusion_period_months": 12
}
```
### AIA Singapore — AIA Smart Wealth Builder
Series
```json
{
"source_page": 5,
"payout_within_period": "If the Insured commits suicide (regardless of sanity) within 1 year from the policy issue date or reinstatement date, whichever is later or otherwise specified, our liability shall be limited to the refund of premiums paid without interest.",
"exclusion_period_months": 12
}
```
### Income Insurance — Star Term Protect
```json
{
"source_page": 3,
"payout_within_period": "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
}
```
### Income Insurance — TermLife Solitaire
```json
{
"source_page": 1,
"payout_within_period": "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
}
```
---
*Cross-insurer comparison generated from policy wordings ingested into `insurance.wording_facts`. Confidence tiers shown per-product. For current data, always verify against source PDFs.*
---
### https://lifeinsurance.com.sg/api/topic/sum-assured/summary.md
# Sum Assured
Minimum and maximum sum assured per policy and per life insured.
## Cross-insurer comparison
### Income Insurance — AstraLink
*Not extracted from current wording.*
### Income Insurance — Complete Life Secure
*Not extracted from current wording.*
### AIA Singapore — Direct - AIA Term
Cover
*Not extracted from current wording.*
### Great Eastern — DIRECT -
GREAT Life II
*Not extracted from current wording.*
### Great Eastern — DIRECT -
GREAT Term
*Not extracted from current wording.*
### Singlife — DIRECT -
Singlife Term Life
*Not extracted from current wording.*
### Singlife — DIRECT -
Singlife Whole Life
*Not extracted from current wording.*
### Great Eastern — Great
Eastern Cares Term Plan
*Not extracted from current wording.*
### Great Eastern — GREAT Flexi
Goal
*Not extracted from current wording.*
### Great Eastern — GREAT Flexi
Protect Series 3
*Not extracted from current wording.*
### Great Eastern — GREAT Life
Advantage 4
*Not extracted from current wording.*
### Great Eastern — GREAT Life
Multiplier
*Not extracted from current wording.*
### Great Eastern — GREAT
Term
*Not extracted from current wording.*
### Great Eastern — GREAT
Wealth Advantage 4
*Not extracted from current wording.*
### Great Eastern — GREAT
Wealth Multiplier 3
*Not extracted from current wording.*
### Income Insurance — Gro Retire Flex Pro
II
*Not extracted from current wording.*
### Income Insurance — Gro Saver Flex Pro
*Not extracted from current wording.*
### AIA Singapore — AIA Guaranteed Protect
Plus (IV)
*Not extracted from current wording.*
### Income Insurance — Invest Flex
*Not extracted from current wording.*
### AIA Singapore — AIA Platinum Retirement
Elite
*Not extracted from current wording.*
### AIA Singapore — AIA Platinum Wealth
Elite 2.0
*Not extracted from current wording.*
### Great Eastern — Prestige
Legacy Index
*Not extracted from current wording.*
### Great Eastern — Prestige
Life Gold 4 (SGD/USD)
*Not extracted from current wording.*
### AIA Singapore — AIA Pro Achiever 3.0
*Not extracted from current wording.*
### AIA Singapore — AIA Pro Lifetime
Protector (II)
*Not extracted from current wording.*
### Income Insurance — Provenance Solitaire
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Life V
*Not extracted from current wording.*
### Prudential Singapore — PRUActive
LinkGuard
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Retirement
II
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Saver
III
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Term
*Not extracted from current wording.*
### Prudential Singapore — PRULink
InvestGrowth
*Not extracted from current wording.*
### Prudential Singapore — PRUVantage Legacy
Index
*Not extracted from current wording.*
### Prudential Singapore — PRUVantage Wealth
III
*Not extracted from current wording.*
### Prudential Singapore — PRUVital Cover
*Not extracted from current wording.*
### Prudential Singapore — PRUWealth Plus
(SGD)
*Not extracted from current wording.*
### AIA Singapore — AIA Retirement Saver
(IV)
*Not extracted from current wording.*
### AIA Singapore — AIA Secure Flexi Term
*Not extracted from current wording.*
### Singlife — Singlife Elite
Term II
*Not extracted from current wording.*
### Singlife — Singlife Flexi
Life Income II
*Not extracted from current wording.*
### Singlife — Singlife
Heritage Income
*Not extracted from current wording.*
### Singlife — Singlife Legacy
Indexed Income
*Not extracted from current wording.*
### Singlife — Singlife Savvy
Invest II
*Not extracted from current wording.*
### Singlife — Singlife Smart
Saver
*Not extracted from current wording.*
### Singlife — Singlife
Steadypay Saver
*Not extracted from current wording.*
### Singlife — Singlife Whole
Life Choice
*Not extracted from current wording.*
### AIA Singapore — AIA Smart Flexi Rewards
(II)
*Not extracted from current wording.*
### AIA Singapore — AIA Smart Wealth Builder
Series
*Not extracted from current wording.*
### Income Insurance — Star Term Protect
*Not extracted from current wording.*
### Income Insurance — TermLife Solitaire
*Not extracted from current wording.*
---
*Cross-insurer comparison generated from policy wordings ingested into `insurance.wording_facts`. Confidence tiers shown per-product. For current data, always verify against source PDFs.*
---
### https://lifeinsurance.com.sg/api/topic/surrender-value/summary.md
# Surrender Value
Cash value payable if policy is surrendered early — guaranteed and
non-guaranteed components.
## Cross-insurer comparison
### Income Insurance — AstraLink
*Not extracted from current wording.*
### Income Insurance — Complete Life Secure
*Not extracted from current wording.*
### AIA Singapore — Direct - AIA Term
Cover
*Not extracted from current wording.*
### Great Eastern — DIRECT -
GREAT Life II
*Not extracted from current wording.*
### Great Eastern — DIRECT -
GREAT Term
*Not extracted from current wording.*
### Singlife — DIRECT -
Singlife Term Life
*Not extracted from current wording.*
### Singlife — DIRECT -
Singlife Whole Life
*Not extracted from current wording.*
### Great Eastern — Great
Eastern Cares Term Plan
*Not extracted from current wording.*
### Great Eastern — GREAT Flexi
Goal
*Not extracted from current wording.*
### Great Eastern — GREAT Flexi
Protect Series 3
*Not extracted from current wording.*
### Great Eastern — GREAT Life
Advantage 4
*Not extracted from current wording.*
### Great Eastern — GREAT Life
Multiplier
*Not extracted from current wording.*
### Great Eastern — GREAT
Term
*Not extracted from current wording.*
### Great Eastern — GREAT
Wealth Advantage 4
*Not extracted from current wording.*
### Great Eastern — GREAT
Wealth Multiplier 3
*Not extracted from current wording.*
### Income Insurance — Gro Retire Flex Pro
II
*Not extracted from current wording.*
### Income Insurance — Gro Saver Flex Pro
*Not extracted from current wording.*
### AIA Singapore — AIA Guaranteed Protect
Plus (IV)
*Not extracted from current wording.*
### Income Insurance — Invest Flex
*Not extracted from current wording.*
### AIA Singapore — AIA Platinum Retirement
Elite
*Not extracted from current wording.*
### AIA Singapore — AIA Platinum Wealth
Elite 2.0
*Not extracted from current wording.*
### Great Eastern — Prestige
Legacy Index
*Not extracted from current wording.*
### Great Eastern — Prestige
Life Gold 4 (SGD/USD)
*Not extracted from current wording.*
### AIA Singapore — AIA Pro Achiever 3.0
*Not extracted from current wording.*
### AIA Singapore — AIA Pro Lifetime
Protector (II)
*Not extracted from current wording.*
### Income Insurance — Provenance Solitaire
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Life V
*Not extracted from current wording.*
### Prudential Singapore — PRUActive
LinkGuard
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Retirement
II
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Saver
III
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Term
*Not extracted from current wording.*
### Prudential Singapore — PRULink
InvestGrowth
*Not extracted from current wording.*
### Prudential Singapore — PRUVantage Legacy
Index
*Not extracted from current wording.*
### Prudential Singapore — PRUVantage Wealth
III
*Not extracted from current wording.*
### Prudential Singapore — PRUVital Cover
*Not extracted from current wording.*
### Prudential Singapore — PRUWealth Plus
(SGD)
*Not extracted from current wording.*
### AIA Singapore — AIA Retirement Saver
(IV)
*Not extracted from current wording.*
### AIA Singapore — AIA Secure Flexi Term
*Not extracted from current wording.*
### Singlife — Singlife Elite
Term II
*Not extracted from current wording.*
### Singlife — Singlife Flexi
Life Income II
*Not extracted from current wording.*
### Singlife — Singlife
Heritage Income
*Not extracted from current wording.*
### Singlife — Singlife Legacy
Indexed Income
*Not extracted from current wording.*
### Singlife — Singlife Savvy
Invest II
*Not extracted from current wording.*
### Singlife — Singlife Smart
Saver
*Not extracted from current wording.*
### Singlife — Singlife
Steadypay Saver
*Not extracted from current wording.*
### Singlife — Singlife Whole
Life Choice
*Not extracted from current wording.*
### AIA Singapore — AIA Smart Flexi Rewards
(II)
*Not extracted from current wording.*
### AIA Singapore — AIA Smart Wealth Builder
Series
*Not extracted from current wording.*
### Income Insurance — Star Term Protect
*Not extracted from current wording.*
### Income Insurance — TermLife Solitaire
*Not extracted from current wording.*
---
*Cross-insurer comparison generated from policy wordings ingested into `insurance.wording_facts`. Confidence tiers shown per-product. For current data, always verify against source PDFs.*
---
### https://lifeinsurance.com.sg/api/topic/terminal-illness/summary.md
# Terminal Illness Benefit
Accelerated death-benefit payment on terminal-illness diagnosis.
## Cross-insurer comparison
### Income Insurance — AstraLink
*Not extracted from current wording.*
### Income Insurance — Complete Life Secure
*Not extracted from current wording.*
### AIA Singapore — Direct - AIA Term
Cover
*Not extracted from current wording.*
### Great Eastern — DIRECT -
GREAT Life II
*Not extracted from current wording.*
### Great Eastern — DIRECT -
GREAT Term
*Not extracted from current wording.*
### Singlife — DIRECT -
Singlife Term Life
*Not extracted from current wording.*
### Singlife — DIRECT -
Singlife Whole Life
*Not extracted from current wording.*
### Great Eastern — Great
Eastern Cares Term Plan
*Not extracted from current wording.*
### Great Eastern — GREAT Flexi
Goal
*Not extracted from current wording.*
### Great Eastern — GREAT Flexi
Protect Series 3
*Not extracted from current wording.*
### Great Eastern — GREAT Life
Advantage 4
*Not extracted from current wording.*
### Great Eastern — GREAT Life
Multiplier
*Not extracted from current wording.*
### Great Eastern — GREAT
Term
*Not extracted from current wording.*
### Great Eastern — GREAT
Wealth Advantage 4
*Not extracted from current wording.*
### Great Eastern — GREAT
Wealth Multiplier 3
*Not extracted from current wording.*
### Income Insurance — Gro Retire Flex Pro
II
*Not extracted from current wording.*
### Income Insurance — Gro Saver Flex Pro
*Not extracted from current wording.*
### AIA Singapore — AIA Guaranteed Protect
Plus (IV)
*Not extracted from current wording.*
### Income Insurance — Invest Flex
*Not extracted from current wording.*
### AIA Singapore — AIA Platinum Retirement
Elite
*Not extracted from current wording.*
### AIA Singapore — AIA Platinum Wealth
Elite 2.0
*Not extracted from current wording.*
### Great Eastern — Prestige
Legacy Index
*Not extracted from current wording.*
### Great Eastern — Prestige
Life Gold 4 (SGD/USD)
*Not extracted from current wording.*
### AIA Singapore — AIA Pro Achiever 3.0
*Not extracted from current wording.*
### AIA Singapore — AIA Pro Lifetime
Protector (II)
*Not extracted from current wording.*
### Income Insurance — Provenance Solitaire
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Life V
*Not extracted from current wording.*
### Prudential Singapore — PRUActive
LinkGuard
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Retirement
II
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Saver
III
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Term
*Not extracted from current wording.*
### Prudential Singapore — PRULink
InvestGrowth
*Not extracted from current wording.*
### Prudential Singapore — PRUVantage Legacy
Index
*Not extracted from current wording.*
### Prudential Singapore — PRUVantage Wealth
III
*Not extracted from current wording.*
### Prudential Singapore — PRUVital Cover
*Not extracted from current wording.*
### Prudential Singapore — PRUWealth Plus
(SGD)
*Not extracted from current wording.*
### AIA Singapore — AIA Retirement Saver
(IV)
*Not extracted from current wording.*
### AIA Singapore — AIA Secure Flexi Term
*Not extracted from current wording.*
### Singlife — Singlife Elite
Term II
*Not extracted from current wording.*
### Singlife — Singlife Flexi
Life Income II
*Not extracted from current wording.*
### Singlife — Singlife
Heritage Income
*Not extracted from current wording.*
### Singlife — Singlife Legacy
Indexed Income
*Not extracted from current wording.*
### Singlife — Singlife Savvy
Invest II
*Not extracted from current wording.*
### Singlife — Singlife Smart
Saver
*Not extracted from current wording.*
### Singlife — Singlife
Steadypay Saver
*Not extracted from current wording.*
### Singlife — Singlife Whole
Life Choice
*Not extracted from current wording.*
### AIA Singapore — AIA Smart Flexi Rewards
(II)
*Not extracted from current wording.*
### AIA Singapore — AIA Smart Wealth Builder
Series
*Not extracted from current wording.*
### Income Insurance — Star Term Protect
*Not extracted from current wording.*
### Income Insurance — TermLife Solitaire
*Not extracted from current wording.*
---
*Cross-insurer comparison generated from policy wordings ingested into `insurance.wording_facts`. Confidence tiers shown per-product. For current data, always verify against source PDFs.*
---
### https://lifeinsurance.com.sg/api/topic/underwriting/summary.md
# Underwriting
Medical examination thresholds, smoker loadings, occupational
rating.
## Cross-insurer comparison
### Income Insurance — AstraLink
*Not extracted from current wording.*
### Income Insurance — Complete Life Secure
*Not extracted from current wording.*
### AIA Singapore — Direct - AIA Term
Cover
*Not extracted from current wording.*
### Great Eastern — DIRECT -
GREAT Life II
```json
{
"source_page": 8,
"pre_existing_treatment": "We may reject your claim if the life assured has a pre-existing condition and: has not declared it in the proposal form as required for a new policy (if applicable); or has not declared it in the reinstatement form as required for a reinstatement (if applicable); or has not declared it in the application form as required for an increase in the sum assured (if applicable)."
}
```
### Great Eastern — DIRECT -
GREAT Term
```json
{
"source_page": 3,
"pre_existing_treatment": "We may reject your claim if the life assured has a pre-existing condition and: has not declared it in the proposal form as required for a new policy (if applicable); or has not declared it in the reinstatement form as required for a reinstatement (if applicable); or has not declared it in the application form as required for an increase in the sum assured (if applicable)."
}
```
### Singlife — DIRECT -
Singlife Term Life
*Not extracted from current wording.*
### Singlife — DIRECT -
Singlife Whole Life
*Not extracted from current wording.*
### Great Eastern — Great
Eastern Cares Term Plan
```json
{
"source_page": 4,
"pre_existing_treatment": "We may reject your claim if the life assured has a pre-existing condition and: has not declared it in the proposal form as required for a new policy (if applicable); or has not declared it in the reinstatement form as required for a reinstatement (if applicable); or has not declared it in the application form as required for an increase in the sum assured (if applicable)."
}
```
### Great Eastern — GREAT Flexi
Goal
*Not extracted from current wording.*
### Great Eastern — GREAT Flexi
Protect Series 3
*Not extracted from current wording.*
### Great Eastern — GREAT Life
Advantage 4
```json
{
"source_page": 6,
"pre_existing_treatment": "Simplified underwriting available if life assured is age 55 next birthday or younger and only base plan or base plan with GREAT CI Advantage Rider is purchased with total coverage equal to or less than S$300,000. Under simplified underwriting, claims for death, TPD or TI diagnosed due to pre-existing condition within 12 months from date of issue or reinstatement will not be payable. Full underwriting applies otherwise. Increase in basic sum assured requires medical underwriting (except for GISA Option). Increase in basic regular premium requires financial underwriting."
}
```
### Great Eastern — GREAT Life
Multiplier
*Not extracted from current wording.*
### Great Eastern — GREAT
Term
*Not extracted from current wording.*
### Great Eastern — GREAT
Wealth Advantage 4
```json
{
"source_page": 9,
"smoker_loading": true,
"pre_existing_treatment": "Pre-existing conditions are excluded for death benefit, TPD benefit and terminal illness benefit within 12 months from date of issue or date of reinstatement. Single premium top-ups are subject to financial underwriting."
}
```
### Great Eastern — GREAT
Wealth Multiplier 3
*Not extracted from current wording.*
### Income Insurance — Gro Retire Flex Pro
II
*Not extracted from current wording.*
### Income Insurance — Gro Saver Flex Pro
*Not extracted from current wording.*
### AIA Singapore — AIA Guaranteed Protect
Plus (IV)
*Not extracted from current wording.*
### Income Insurance — Invest Flex
*Not extracted from current wording.*
### AIA Singapore — AIA Platinum Retirement
Elite
*Not extracted from current wording.*
### AIA Singapore — AIA Platinum Wealth
Elite 2.0
```json
{
"source_page": 8,
"smoker_loading": true,
"occupational_rating": "A non-standard life will be subjected to higher IRC rates, which will be set out in a separate endorsement.",
"pre_existing_treatment": "any and all pre-existing illnesses, diseases, impairments or conditions from which the Insured is suffering prior to the Issue Date or Reinstatement Date of your Basic Policy, whichever is later, unless a declaration was made in the application for, or reinstatement of, your Basic Policy and such application is specifically accepted by us."
}
```
### Great Eastern — Prestige
Legacy Index
```json
{
"source_page": 10,
"smoker_loading": true,
"occupational_rating": "The actual premium payable varies based on the life assured's age at entry, gender, smoker status, country of residency at inception, underwriting risk class, sum assured, premium apportionment mix and index account apportionment mix."
}
```
### Great Eastern — Prestige
Life Gold 4 (SGD/USD)
```json
{
"source_page": 9,
"pre_existing_treatment": "We may reject your claim if the life assured has a pre-existing condition and: has not declared it in the proposal form as required for a new policy (if applicable); or has not declared it in the reinstatement form as required for a reinstatement (if applicable); or has not declared it in the application form as required for an increase in the sum assured (if applicable)."
}
```
### AIA Singapore — AIA Pro Achiever 3.0
*Not extracted from current wording.*
### AIA Singapore — AIA Pro Lifetime
Protector (II)
*Not extracted from current wording.*
### Income Insurance — Provenance Solitaire
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Life V
*Not extracted from current wording.*
### Prudential Singapore — PRUActive
LinkGuard
```json
{
"source_page": 15,
"smoker_loading": true,
"occupational_rating": "If you are required to pay extra for medical, occupational or hazardous activities, these will be added to the assurance charge.",
"pre_existing_treatment": "If the symptoms of the terminal illness existed at the cover start date or date of reinstatement (if any) of this benefit, we do not pay. Disability that existed at the cover start date or date of reinstatement (if any) of this benefit is also excluded."
}
```
### Prudential Singapore — PRUActive Retirement
II
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Saver
III
*Not extracted from current wording.*
### Prudential Singapore — PRUActive Term
*Not extracted from current wording.*
### Prudential Singapore — PRULink
InvestGrowth
*Not extracted from current wording.*
### Prudential Singapore — PRUVantage Legacy
Index
*Not extracted from current wording.*
### Prudential Singapore — PRUVantage Wealth
III
*Not extracted from current wording.*
### Prudential Singapore — PRUVital Cover
```json
{
"source_page": 2,
"pre_existing_treatment": "A \"Pre-existing Condition\" is the existence of any signs or symptoms for which treatment, medication, consultation, advice or diagnosis has been sought or received by the life assured or would have caused an ordinary prudent person to seek treatment, diagnosis or cure, prior to the Cover Start Date or date of reinstatement (if any) of this benefit. If the life assured dies from a Pre-existing Condition within 12 months from the Cover Start Date or date of reinstatement (if any) of your policy, we cancel your policy unless the level of severity was accurately declared in the proposal and specifically accepted by us."
}
```
### Prudential Singapore — PRUWealth Plus
(SGD)
*Not extracted from current wording.*
### AIA Singapore — AIA Retirement Saver
(IV)
*Not extracted from current wording.*
### AIA Singapore — AIA Secure Flexi Term
*Not extracted from current wording.*
### Singlife — Singlife Elite
Term II
*Not extracted from current wording.*
### Singlife — Singlife Flexi
Life Income II
```json
{
"source_page": 1,
"pre_existing_treatment": "No medical underwriting is required."
}
```
### Singlife — Singlife
Heritage Income
```json
{
"source_page": 1,
"pre_existing_treatment": "Guaranteed issuance upon application. No medical underwriting is required."
}
```
### Singlife — Singlife Legacy
Indexed Income
```json
{
"source_page": 4,
"pre_existing_treatment": "Guaranteed acceptance upon application with no medical underwriting needed."
}
```
### Singlife — Singlife Savvy
Invest II
```json
{
"source_page": 1,
"pre_existing_treatment": "This plan is offered on guaranteed issuance offer basis."
}
```
### Singlife — Singlife Smart
Saver
```json
{
"source_page": 1,
"pre_existing_treatment": "Guaranteed issuance upon application. No medical underwriting is required."
}
```
### Singlife — Singlife
Steadypay Saver
```json
{
"source_page": 1,
"pre_existing_treatment": "Guaranteed issuance upon application. No medical underwriting is required."
}
```
### Singlife — Singlife Whole
Life Choice
*Not extracted from current wording.*
### AIA Singapore — AIA Smart Flexi Rewards
(II)
*Not extracted from current wording.*
### AIA Singapore — AIA Smart Wealth Builder
Series
*Not extracted from current wording.*
### Income Insurance — Star Term Protect
*Not extracted from current wording.*
### Income Insurance — TermLife Solitaire
*Not extracted from current wording.*
---
*Cross-insurer comparison generated from policy wordings ingested into `insurance.wording_facts`. Confidence tiers shown per-product. For current data, always verify against source PDFs.*
---
## Part 2 — HTML pages (text-only)
### https://lifeinsurance.com.sg/about/
About Life Insurance Singapore — Independent Comparison Surface for SG Life Policies Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · About About Life Insurance Singapore
Lifeinsurance.com.sg is an independent, structured-data comparison surface for the Singapore life-insurance market. We are not an insurer. We are not a MAS-licensed financial adviser. We exist to make the existing public data on Singapore life insurance products usable.
What we do
Every MAS-licensed Singapore life insurer publishes a standardised Product Summary for every active retail product on the MAS / LIA-backed compareFIRST.sg portal. These are public PDFs, but reading 50+ PDFs to compare two products is impractical.
We ingest each Product Summary into a structured database, extract every fact (exclusions, riders, free-look periods, multiplier shapes, surrender curves), and publish per-product pages where every figure carries a source-link back to the original PDF with an ingestion-verified date.
What we don't do We do not provide financial advice. For personalised recommendations, consult a MAS-licensed financial adviser. We do not underwrite insurance. We are not an insurer. We do not publish fabricated star ratings, fake review counts, or invented premium quotes. Every figure on the site is sourced. We do not sell exclusive deals or take exclusive distribution agreements. Every MAS-licensed insurer is represented equally. Our compliance posture
Lifeinsurance.com.sg operates under Singapore law, including the Financial Advisers Act (FAA), the Insurance Act 1966, the Personal Data Protection Act 2012 (PDPA), and the Consumer Protection (Fair Trading) Act (CPFTA).
Lead-collection forms carry plain-language PDPA consent text adjacent to the submit button (not a separate checkbox). Information you submit is shared only with the MAS-licensed insurer or adviser preparing your quote. See our Privacy Policy .
Editorial methodology
Source PDFs are ingested via an automated pipeline (Anthropic Claude Haiku 4.5 for vision-PDF extraction, Claude Sonnet 4.6 for fact-extraction against a Zod-validated schema). Every extracted fact carries a confidence tier and a source-page reference. Material extractions are spot-checked against the source.
The policy library refreshes on a rolling basis as insurers re-publish updated Product Summaries on compareFIRST.sg. Each wording row carries an effective_from date and a sha256 hash of the source PDF.
Contact
General queries, corrections, partnership inquiries — hello@lifeinsurance.com.sg .
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/accidental-death-benefit-singapore/
Accidental Death Benefit Singapore — How ADB Riders Work, What's Covered & Limits Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Accidental death benefit Accidental Death Benefit (ADB) in Singapore
Accidental Death Benefit is a rider that pays an additional lump sum on top of the base life-insurance death benefit when death is from a covered accident. It's one of the cheaper riders to add and can be meaningful for buyers in high-risk occupations or with long commutes — but for most desk-job buyers, base mortality cover does the heavy lifting and ADB is a secondary consideration.
How ADB works
ADB is structured as either a rider attached to a base life policy, or built-in to certain accident-focused products. On death from a covered accident, the policy pays both the base death benefit AND the ADB sum assured — effectively doubling the payout. On death from illness, only the base benefit pays.
Example: SGD 500,000 term life + SGD 500,000 ADB rider. Death by accident → SGD 1,000,000 payout. Death by heart attack → SGD 500,000 payout. Death by suicide (within first 12 months) → SGD 0 (subject to premium refund per policy terms).
What counts as "accidental"
ADB rider wordings define "accident" as death caused by external, violent, sudden and unforeseen events — independent of any other cause. Covered events typically include:
Motor vehicle accidents (driver, passenger, pedestrian). Falls (from heights, on stairs, on level ground). Drowning, fires, electrocution. Assault by third parties (in most policies). Workplace accidents (for occupations approved in underwriting). Fare-paying passenger air travel on scheduled commercial airlines.
Most ADB clauses require the death to occur within a defined window from the accident — commonly 90 or 180 days. Death from accident-related complications after that window is typically excluded from ADB but still covered by the base policy.
Common exclusions Suicide, self-inflicted injury, intentional acts. Death from pre-existing medical conditions even if "triggered" by an accident. Death while under the influence of alcohol or non-prescribed drugs. Death from war, civil unrest, military service, terrorism (unless specifically endorsed). Death while piloting aircraft or on non-commercial flights (unless endorsed). Death from professional sports or specific dangerous hobbies (scuba diving below recreational limits, mountaineering above defined altitudes, BASE jumping, etc.). Death during the commission of a crime. When ADB is worth adding ADB makes sense when: You drive for a living or spend long hours commuting. You work in a higher-risk occupation (construction, marine, aviation, security). You travel frequently for work, particularly by road or air. You want extra cover during specific high-risk life phases without committing to a permanently higher base sum assured.
For most Singapore desk-job buyers, the base term-life policy handles the broader mortality risk. ADB is a secondary add-on rather than core protection.
Comparing ADB across Singapore insurers
ADB rider wording varies across MAS-licensed insurers on: maximum ADB sum assured (often capped at 1x or 2x base sum assured), accident-to-death window (90 vs 180 days), aviation cover scope, occupational loadings, and which dangerous activities are excluded. Use the clause search to find specific ADB clause wordings across the policy library.
Frequently asked questions What is Accidental Death Benefit? Accidental Death Benefit (ADB) is a rider attached to a life insurance policy that pays an additional lump sum on death from a covered accident, on top of the base policy death benefit. So a SGD 500,000 base policy + SGD 500,000 ADB rider pays SGD 1,000,000 if death is accidental, but only SGD 500,000 if death is from illness. What counts as "accidental" under ADB? Death caused by external, violent, sudden and unforeseen events — typically motor-vehicle accidents, falls, drowning, fires, electrocution. Death by illness, suicide, or pre-existing medical conditions is excluded. The rider wording specifies the exact accident definition and whether the death must occur within a defined window (commonly 90 or 180 days from the accident). How much ADB cover should I buy? ADB is cheap relative to its value — typically a small premium increment on the base policy. Buyers in higher-risk occupations or with long commutes / frequent travel often add ADB at 1x or 2x the base sum assured. For most desk-job buyers, ADB is a low-priority add-on; the base death cover handles most mortality risks. Is suicide covered under ADB? No — suicide is universally excluded from ADB. Base policies typically exclude suicide for the first 12-13 months and cover it thereafter. ADB does not pay on suicide at any point in the policy life. What is double indemnity? "Double indemnity" is the term for ADB-equivalent cover that doubles the death benefit on accidental death. Most modern Singapore ADB riders work this way — pay base + ADB simultaneously, effectively doubling the payout on accidental death. Are aviation deaths covered by ADB? Death as a fare-paying passenger on a scheduled commercial flight is typically covered. Death while piloting an aircraft, as crew, or on a non-scheduled / non-commercial flight is typically excluded unless an optional aviation endorsement is added. Pilots, flight crew and frequent private-charter users should check the aviation clause carefully. Are war and terrorism deaths covered by ADB? Standard ADB excludes war zones, military action, civil unrest, and acts of terrorism. Some insurers offer optional war-cover endorsements at additional premium — relevant for military personnel and buyers spending significant time in conflict regions. Sources
ADB rider mechanics drawn from MAS-licensed insurer Product Summaries on compareFIRST.sg. Specific exclusion lists vary by insurer — always read the rider wording on the policy contract. This page is informational only and does not constitute financial advice.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/api/mcp/
MCP Server — Singapore Life Insurance Policy Library API Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · MCP server Singapore life insurance MCP server
The lifeinsurance.com.sg Model Context Protocol server exposes the Singapore life-insurance policy library to Claude desktop, AI agents and any MCP-aware tool. Anonymous. Rate-limited at 60 requests/minute per IP. Free.
Endpoint JSON-RPC 2.0 over HTTP POST: https://lifeinsurance.com.sg/api/mcp Spec: modelcontextprotocol.io 2024-11-05 7 tools lookup_insurer(insurer_slug) Get profile + product list for a MAS-licensed Singapore life insurer. get_product(insurer_slug, product_slug) Get verified policy facts for one (insurer, product) — exclusions, riders, free-look, surrender, etc. list_active_products((none)) Browse every active life-insurance product across all 15 MAS-licensed insurers. compare_products(a_insurer, a_product, b_insurer, b_product) Side-by-side comparison of two products on the same canonical topics. get_topic_comparison(topic_slug) Cross-insurer comparison on a single topic (e.g. suicide-clause, free-look-period, riders). search_policy_clauses(query, k (optional)) Semantic search over every ingested wording. Returns verbatim clauses + source-PDF citation. sg_life_market_facts((none)) Structural facts about the SG life-insurance market — MAS regulator, FAA, LIA, CPF, MWPA, PDPA. Quick test (curl) curl -X POST https://lifeinsurance.com.sg/api/mcp \
-H "Content-Type: application/json" \
-d '{"jsonrpc":"2.0","id":1,"method":"tools/list","params":{}}' Use with Claude desktop
Add to your claude_desktop_config.json in the mcpServers block. The current preferred Claude Desktop transport is stdio with a remote proxy ( mcp-remote ) bridging to our HTTP endpoint:
{
"mcpServers": {
"lifeinsurance-sg": {
"command": "npx",
"args": ["-y", "mcp-remote", "https://lifeinsurance.com.sg/api/mcp"]
}
}
}
Restart Claude Desktop. The 7 tools appear under the lifeinsurance-sg server. Ask Claude things like "use lifeinsurance-sg to find every SG life policy that has a suicide-clause within one year of inception" or "look up AIA Singapore on lifeinsurance-sg".
Limits & SLA Rate limit: 60 requests per minute per IP. 429 on overflow. Anonymous. No API keys. No usage tracking beyond aggregate rate-limit counters. Best-effort uptime. No formal SLA. The server runs as a Netlify Function backed by Supabase + OpenAI embeddings. Data source. Every fact ingested from MAS-licensed insurer Product Summaries on compareFIRST.sg. See /methodology/ for the full ingestion pipeline. For commercial use
Production use cases beyond anonymous browsing — authenticated access, higher rate limits, SLA, custom tools, bulk data feeds — email hello@lifeinsurance.com.sg .
Related machine-readable surfaces /llms.txt + /llms-full.txt — llmstxt.org-compliant discovery indexes /api/clause-search — direct semantic-search REST endpoint /api/insurer/{slug}/facts.json — per-insurer static endpoint /api/product/{insurer}/{product}/facts.json — per-product static endpoint /api/product/{insurer}/{product}/wording.md — full wording markdown Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/best-term-life-insurance-singapore-2026/
Best Term Life Insurance Singapore 2026 — Comparison Across MAS-Licensed Insurers Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Term life 2026 Best term life insurance in Singapore for 2026
Term life is the cheapest shape of life insurance in Singapore and the right starting point for most working-age buyers with dependants or a mortgage. 10 active term life products from MAS-licensed Singapore insurers sit on the policy library, sorted below by structured-data depth.
Our methodology We do not publish subjective "best of" rankings. The products below are sorted by data-completeness on the policy library — verified-tier structured extractions outrank inferred-tier; more documented fact-keys outrank fewer. This is a research-quality signal, not a buy recommendation. See our methodology page for details. Term life products on the policy library, ranked by data depth Great Eastern DIRECT -
GREAT Term Term
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern Great
Eastern Cares Term Plan Term
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Income Insurance Star Term Protect Term
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife DIRECT -
Singlife Term Life Term
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern GREAT
Term Term
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Prudential Singapore PRUActive Term Term
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Singlife Elite
Term II Term
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab AIA Singapore Direct - AIA Term
Cover Term
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab How to actually pick the best term life for you Rather than "best brand", pick based on: Sum assured. 8-10x annual income for income-replacement, or full mortgage + 3-5 years living expenses, less existing CPF DPS cover. Term length. Match the period when the liability exists — 25-30 years for family-protection, 20-25 for mortgage, 10-15 for defined commitments. Rider definitions. Critical Illness + TPD enhancement + Waiver of Premium definitions vary materially between insurers. Read the rider wording, not the marketing. Renewal + convertibility. Renewable term lets you extend without re-underwriting; convertible lets you upgrade to whole life. Both are valuable as health changes. Premium. Pull a current quote from compareFIRST.sg or our free quote tool . DIRECT-range products are typically materially cheaper than adviser-distributed equivalents.
See the term life Singapore guide for the full framework, the side-by-side comparison for all 50 products, and clause search for specific exclusions or rider definitions.
Frequently asked questions What is the best term life insurance in Singapore? "Best" is buyer-specific — depends on age, sum assured target, term length, included riders, smoker status and underwriting outcome. The right approach is to compare like-for-like across MAS-licensed insurers on policy shape and rider definitions, not on headline brand. Use the comparison framework on this page to evaluate the active products from every MAS-licensed Singapore insurer. How do you rank term life products? We do not publish subjective rankings. Products on this page are sorted by data-completeness on the policy library — those with verified-tier structured fact extractions and more documented data points rank higher. This is a research-quality signal, not a "best buy" verdict. Which insurer offers the cheapest term life in Singapore? Premium varies materially by age, gender, smoker status, sum assured, term length, included riders and underwriting class. Use compareFIRST.sg for standardised premium illustrations or request a personalised shortlist via our free quote tool. Should I buy DIRECT term life? The LIA / MAS DIRECT range offers term life products with standardised wording and no commission, distributed directly via compareFIRST.sg and insurer websites. Premiums are materially lower than the same insurer's adviser-channel equivalent. Trade-off: no adviser explaining the product. Suits buyers comfortable researching independently. What term length should I buy? Match the cover to the underlying liability. Common shapes: 25-30 year level term to age 55-60 for family-protection years; 20-25 year decreasing term for mortgage protection; 10-15 year for defined commitments like business loans. See the term life guide for the full framework. Methodology & sources
Products ranked by structured-data depth from each insurer's Product Summary on compareFIRST.sg . We do not publish fabricated star ratings, AggregateRating schemas, or subjective "best" verdicts. This page is informational only and does not constitute financial advice.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/best-whole-life-insurance-singapore-2026/
Best Whole Life Insurance Singapore 2026 — MAS-Licensed Insurer Comparison Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Whole life 2026 Best whole life insurance in Singapore for 2026
Whole life is permanent coverage with a cash-value build-up — the right shape when you want lifelong protection that will pay out, plus a structured-savings sleeve. 8 active whole life products from MAS-licensed Singapore insurers sit on the policy library.
Our methodology No subjective rankings. Products sorted by data-completeness from their published Product Summary. See our methodology page for the full pipeline. Whole life products, ranked by data depth Income Insurance Complete Life Secure Whole life
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Prudential Singapore PRUActive Life V Whole life
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 1 Mar 2026 Opens in a new tab Singlife DIRECT -
Singlife Whole Life Whole life
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Singlife Legacy
Indexed Income Whole life
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab AIA Singapore AIA Guaranteed Protect
Plus (IV) Whole life
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern Prestige
Legacy Index Whole life
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Prudential Singapore PRUVantage Legacy
Index Whole life
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 2 Sept 2025 Opens in a new tab Singlife Singlife Whole
Life Choice Whole life
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab How to evaluate Singapore whole life Participating vs non-participating. Par shares bonuses; non-par pays only guaranteed. Non-par premiums typically lower; par projected payouts typically higher (but non-guaranteed). Multiplier shape. 2x or 3x multiplier, cutting off at age 70 or 80. A higher multiplier + longer cut-off carries more coverage through the working years. Premium term. Limited-pay (10/15/20/25/30 years) vs whole-of-life payment. Shorter term costs more per year but less total. Surrender value curve. Year-by-year guaranteed surrender + projected surrender under two bonus scenarios. Ignore the higher bonus column for downside planning. Bonus history. Every Singapore insurer has revised illustrated bonus rates downwards in the last decade. Check historical revisions before relying on illustrated projections.
See the whole life Singapore guide for the full framework.
Frequently asked questions What is the best whole life insurance in Singapore? "Best" depends on whether you want maximum guaranteed sum (non-par), bonus participation (par), high coverage during working years (multiplier shape), or pure permanent coverage. Compare on policy shape, multiplier cut-off age, bonus history, and surrender curve. There is no single best whole life policy in Singapore. Is whole life worth it in Singapore? Worth it when the goal is permanent coverage plus a cash-value savings sleeve, and the buyer can commit to a 20-25 year premium horizon. For pure mortality protection at the least expense, term life is usually a better fit. Many Singapore buyers blend both shapes. Participating vs non-participating whole life? Participating policies share in the insurer's par-fund profits via annual reversionary bonuses and a terminal bonus on claim. Non-participating policies pay only the guaranteed sum, but premiums are typically lower. Most Singapore whole life is participating. What is a multiplier in whole life? A multiplier increases the death and TPD sum assured during a defined window — typically until age 70 or 80. A 2x multiplier on SGD 250,000 base sum assured pays SGD 500,000 if death occurs during the multiplier period. Multipliers are how Singapore buyers get high coverage during the high-need years cost-effectively. How long does it take whole life to break even? The crossover point where surrender value exceeds total premiums paid is typically somewhere in years 12-18 under the lower-bonus illustration scenario. Guaranteed surrender values (excluding non-guaranteed bonuses) take longer. Whole life is a long-horizon commitment. Methodology & sources
Products ranked by structured-data depth from each insurer's Product Summary on compareFIRST.sg. No fabricated ratings. This page is informational only and does not constitute financial advice.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/business-owner-life-insurance-singapore/
Life Insurance for Business Owners Singapore — Key-Person Cover, Buy-Sell, Loan Protection Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · For business owners Life insurance for Singapore business owners
Singapore SME owners typically run three concurrent layers of life insurance: personal cover for the family, key-person cover for the business, and buy-sell or loan-protection cover for partnership and creditor exposure. Each layer answers a different risk; mixing them creates gaps.
1. Personal life cover
Same as any working-age Singapore buyer with dependants — typically 8-10x annual income (including drawings from the business) in term life cover sized to family protection horizons. Personal-name policy, beneficiary is your spouse / children / estate.
See the term life Singapore guide for sizing and product comparison.
2. Key-person insurance
Key-person cover protects the business against the financial impact of losing a critical person — typically the owner-CEO, a co-founder, or an irreplaceable technical employee. The business is the policyholder, premium-payer and beneficiary; the death benefit pays into the business to fund the disruption period.
Sizing factors: Lost gross profit attributable to the key person during the 12-24 month recruitment + ramp-up window. Recruitment cost (a substantial fraction of first-year compensation for senior roles). Loan covenants that might be triggered by the key person's departure (some bank loans contain key-person clauses). Cost of bringing in an interim or replacement at premium rates.
Premiums may be tax-deductible if the policy is structured wholly for business purposes. Consult a Singapore tax adviser — the IRAS criteria are nuanced.
3. Buy-sell agreement funding
A buy-sell agreement is a contractual commitment between co-owners that on death (or disability, or exit), the deceased's stake will be purchased by the surviving owners (cross-purchase) or by the business itself (entity-purchase) at a defined price. Life insurance funds the buy-out:
Cross-purchase structure. Each owner takes out life insurance on each other owner. Two-partner SME: A insures B, B insures A. Three-partner: each owns two policies. Gets complex with 4+ partners. Entity-purchase structure. The Pte Ltd company takes out one policy per owner. Cleaner administration; payout flows to the business which then buys back the deceased's shares.
Without buy-sell funding, the deceased's heirs inherit the business interest — often forcing either an unwanted partnership with heirs, distress-priced buyouts, or forced liquidation. Buy-sell is the single most under-bought protection layer among Singapore SME owners.
4. Personal-guarantee / business-loan protection
Most Singapore SME bank debt requires personal guarantees from directors. On death, banks can call on your estate to settle the guarantee — which can wipe out family wealth that would otherwise be protected.
Solution: term life sized to the personal-guarantee exposure, with the policy structured to pay your estate (not the business) so the proceeds clear the bank claim before reaching family assets. Decreasing-term policies match amortising loans; level-term matches revolving credit lines.
5. Succession planning whole life
For longer-horizon business succession — passing the business to children, funding a future MBO, or providing equal inheritance to non-business heirs — whole life with multi-decade cash-value build-up fits the timeframe. The cash-value sleeve also doubles as a tax-efficient business savings vehicle.
Bermuda-domiciled whole life (Manulife Bermuda, Transamerica Bermuda) is popular among Singapore SME owners with cross-border family arrangements.
Frequently asked questions What is key-person insurance in Singapore? Life insurance taken out by a business on the life of an owner, director or critical employee whose death would materially impair business operations. Premiums are paid by the business; the death benefit pays into the business to fund recruitment, transition costs, lost revenue or loan covenant requirements during the disruption period. Are key-person insurance premiums tax-deductible in Singapore? Premiums on key-person life insurance can be tax-deductible if the policy is taken out wholly for business purposes — i.e. the business is the policyholder, premium-payer and beneficiary, and the insured is a key person whose loss would directly impair the business. IRAS guidance applies. Consult a tax adviser before claiming deductions; the rules are nuanced. What is a buy-sell agreement and how does life insurance fund it? A buy-sell agreement is a legal contract between business co-owners committing them (or the business) to buy out a deceased partner's stake at a pre-agreed price. Life insurance on each partner's life — either owned by the other partners (cross-purchase) or by the business (entity-purchase) — funds the buyout. Critical for SMEs with multiple shareholders to avoid heirs entering the business or forced liquidation. How much business loan / personal guarantee cover do I need? Match the cover to the personal guarantee exposure. If you've personally guaranteed SGD 800k of business debt and the bank can call on your estate, life insurance for that amount (typically term life matched to the loan tenor, decreasing if applicable) protects your family from inheriting the liability. Can a Pte Ltd company own life insurance in Singapore? Yes — a Pte Ltd company can be the policyholder, premium-payer and beneficiary on a key-person, buy-sell or business-loan-protection policy. The insured must be a director, employee or shareholder whose loss is material to the business. Insurer will request documentation of the insurable-interest relationship. Whole life vs term life for business purposes? Term life fits time-bounded business risks: a business loan, a key-person's contractual term, a partner's vesting period. Whole life fits permanent business protection — succession planning across decades, retirement-buyout funding via cash-value build-up. Most SG SMEs use term for active business risks and add whole life only for longer-horizon succession purposes. Sources
Business-cover mechanics drawn from MAS-licensed insurer Product Summaries and IRAS tax-treatment guidance. Tax-deductibility advice is general — always consult a Singapore tax adviser for specific deduction claims. This page is informational only and does not constitute financial advice.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/clause-search/
Clause Search — Singapore Life Insurance Policy Wordings Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Semantic clause search Find the exact clause across every Singapore life policy
2,450 wording chunks from every MAS-licensed Singapore life insurer's Product Summary on compareFIRST.sg, indexed with OpenAI embeddings. Ask in plain English — get verbatim clauses with source-PDF citations.
Search Try one of these: suicide exclusion within one year free look period critical illness waiting period total and permanent disability definition pre-existing condition non-disclosure multiplier age cut-off surrender value first three years aviation exclusion reinstatement of policy maximum sum assured How clause search works 1. Plain-English query Type what you want to find — no need to know which insurer or which section of the wording. Semantic search handles paraphrases and synonyms. 2. pgvector retrieval Your query is embedded via text-embedding-3-small (1536d) and matched against 2,450 pre-embedded wording chunks using cosine similarity in Supabase pgvector. 3. Verbatim + sourced Each hit shows the exact clause text, which insurer + product it's from, the section path, and a link to the source PDF on compareFIRST.sg. Reminder: Clause search is a research tool, not legal or financial advice.
For binding interpretation always read the policy contract in full and consult the insurer or a MAS-licensed financial adviser. Clauses can be updated when the insurer republishes — verify the effective date on each per-product page.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/compare-life-insurance-singapore/
Compare Life Insurance Singapore — Clause-Level Comparison Across All MAS-Licensed Insurers Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · How to compare
How to compare life insurance in Singapore properly
The Singapore life-insurance market has roughly 15 MAS-licensed insurers and 50-100
active retail products across term life, whole life, investment-linked and endowment
shapes. Headline premium quotes look comparable; the actual policies are not. This
explainer walks through how to compare like-for-like — and where the meaningful clause-level
differences sit.
The 6 things to compare Policy shape. Term vs whole life vs investment-linked vs endowment — pure-protection vs cash-value. Sum assured, multiplier and premium horizon. A 2x multiplier to age 70 with a 25-year premium term is a very different policy from a 3x multiplier to age 80 with a 10-year premium term, even at the same base sum assured. Exclusions. Suicide clause, pre-existing-condition waiting periods, war / aviation, occupational hazards, foreign-residency clauses. Rider definitions. TPD and Critical Illness vary materially between insurers — same name, different medical definitions. Surrender value curve. Year-by-year guaranteed surrender plus the two illustrated bonus scenarios. Total premium vs total guaranteed benefit. Strip out the projected bonus layer and ask what you're paying for what you're guaranteed to get. Step 1 — Get apples-to-apples on policy shape
The four major retail shapes in Singapore are:
Term life — fixed-term pure-protection. No cash value. Cheapest per dollar of cover. Term ends, cover ends. Whole life — permanent coverage with a cash-value build-up. Premiums are several times higher than term-equivalent. Most Singapore whole life is participating (bonuses on top of guaranteed sum). Investment-linked policy (ILP) — protection layer plus a sub-fund investment component. Premiums go partly to insurance charges and partly into chosen sub-funds. Charges are explicit and can be high in early years. Endowment — fixed-term savings policy with a small death-benefit component. Designed as a structured-savings product rather than as protection.
Comparing a term life policy from one insurer against a whole life policy from another
because both have a SGD 500,000 headline sum is meaningless. Pick the shape first, then
compare across insurers within that shape.
See the whole life insurance Singapore guide and
the term life insurance Singapore guide for the
within-shape comparison framework on each.
Step 2 — Pull standardised Product Summaries
Every MAS-licensed retail life-insurance product publishes a standardised
Product Summary (PS) on
compareFIRST.sg ,
the MAS / LIA-backed comparison portal. The PS follows a fixed format:
Description of the product and the company Premium schedule (guaranteed) and benefit illustrations under two non-guaranteed bonus-rate scenarios Surrender values year-by-year, under both bonus scenarios All exclusions in their final wording Fees, charges and distribution costs Free-look period and cooling-off provisions (typically 14 days in Singapore)
Lifeinsurance.com.sg ingests every active Product Summary into a policy library on
Supabase. Once the data layer ships, the per-product pages on this site cite each clause
with a source link back to the original PDF.
Step 3 — Read the exclusions before the premiums
Exclusions are where Singapore life insurance policies actually differ. Five exclusion
clauses worth a careful read on every policy:
Suicide. Most Singapore policies exclude death by suicide for the first 12 or 13 months of cover. The exact wording matters for buyers with a mental-health history. Pre-existing conditions. Cover is usually subject to fair-presentation rules under the Insurance Act 1966. Non-disclosure can void cover. Material conditions must be declared on the proposal form. War and terrorism. Standard exclusion, but some insurers offer optional war-cover endorsements (relevant for buyers in military or high-risk professions). Aviation. Death while piloting or as a non-passenger on aircraft is excluded by default. Optional cover for licensed pilots is available from a subset of insurers. Occupational hazards. Some occupations attract loadings or specific exclusions. Always disclose your actual occupation, not your job title. Step 4 — Compare rider definitions, not rider names
The two riders where definitions matter most are Total & Permanent Disability (TPD) and
Critical Illness (CI).
TPD in Singapore is commonly defined as inability to perform any
occupation for a period of at least six consecutive months, with permanence certified by a
medical practitioner. Some policies use "any occupation" and others use "own occupation" —
the former is much harder to claim. Some products age-limit TPD cover to age 65 or 70.
Critical Illness uses 37 LIA-common-defined illnesses as the floor, with
many products covering 100-160+ conditions. The differences worth checking are: early /
intermediate / late-stage CI definitions; multi-pay vs single-pay structure (does the
policy continue after a claim?); waiting periods (typically 90 days from inception);
survival periods (typically 7-30 days post-diagnosis); and gender-specific extensions.
Step 5 — Model the surrender curve and strip out non-guaranteed bonuses
Every par-policy Product Summary illustrates surrender values under two bonus assumptions
— a higher and a lower scenario. Both are non-guaranteed and have been revised downwards
multiple times in the last decade. For downside planning, ignore the higher-bonus column
and work from the guaranteed surrender values plus the lower-bonus column.
The headline "break-even year" — where projected surrender value equals total premiums
paid — is typically year 12-18 under the lower-bonus scenario for participating whole life
policies in Singapore. Term life has no surrender value; the policy lapses at expiry with
no return.
A representative slice of the policy library 50 active life-insurance products from 5 MAS-licensed insurers
sit in the lifeinsurance.com.sg policy library, organised by policy shape. Each card cites the
upstream Product Summary so every fact is auditable.
Term life AIA Singapore Direct - AIA Term
Cover Term
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab Great Eastern DIRECT -
GREAT Term Term
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife DIRECT -
Singlife Term Life Term
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Whole life Singlife DIRECT -
Singlife Whole Life Whole life
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab AIA Singapore AIA Guaranteed Protect
Plus (IV) Whole life
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern Prestige
Legacy Index Whole life
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Investment-linked (ILP) Great Eastern GREAT
Wealth Advantage 4 ILP
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern GREAT
Wealth Multiplier 3 ILP
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Income Insurance Invest Flex ILP
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Endowment & retirement-savings Income Insurance AstraLink Endowment
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Income Insurance Gro Retire Flex Pro
II Endowment
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Income Insurance Gro Saver Flex Pro Endowment
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Frequently asked questions What's the best way to compare life insurance in Singapore? Compare on (1) policy shape: term vs whole life vs ILP vs endowment; (2) sum assured + multiplier + premium horizon; (3) exclusions — especially suicide, pre-existing conditions, war / aviation, occupational hazards; (4) Total & Permanent Disability and Critical Illness rider definitions, which vary materially between insurers; (5) surrender value curve and bonus history if participating; (6) total premium paid vs total guaranteed benefit. Start with compareFIRST.sg (MAS / LIA-backed) for a standardised side-by-side and then read each insurer's Product Summary PDF for the clause-level details. What is compareFIRST.sg? compareFIRST.sg is the MAS- and LIA-backed life insurance comparison portal. Every MAS-licensed Singapore life insurer is required to publish a standardised Product Summary for every active product on the portal. The summaries follow a common format and include guaranteed and projected benefits, premium illustrations under two bonus-rate scenarios, surrender values, exclusions and the full fee schedule. Why are premium quotes so different between insurers for the "same" coverage? The headline sum assured can be identical while the underlying product is materially different. Common drivers of premium variance are: (1) participating vs non-participating — bonuses cost more; (2) multiplier shape and cut-off age; (3) included vs optional riders (Critical Illness, TPD enhancement, Waiver of Premium); (4) underwriting class — smoker vs non-smoker, occupation loading; (5) participating bonus assumptions; (6) the insurer's distribution channel (D2C vs tied-agent vs broker). Always compare on policy-shape parity, not headline sum assured. Does compareFIRST.sg cover every Singapore insurer? compareFIRST.sg covers every MAS-licensed life insurer that participates in the LIA — which in practice means every active Singapore retail life-insurance brand: AIA, Prudential, Manulife, Singlife, Great Eastern, Income (NTUC), HSBC Life, Etiqa, FWD, China Life, China Taiping, Sun Life, Tokio Marine Life and Transamerica Life Bermuda. A small number of products (some adviser-only or institutional-only structures) are not on the portal and require contacting the insurer directly. How do I compare critical illness riders properly? Critical Illness (CI) riders are where the biggest clause-level differences sit. Compare on (1) number of defined conditions covered (commonly 30-160+, but definitions matter more than count); (2) whether early-stage / intermediate-stage CI is covered; (3) multi-pay vs single-pay (does the policy continue after a CI payout?); (4) waiting periods and survival periods; (5) the specific medical definitions used — LIA publishes 37 common-definition CIs, anything outside that list uses insurer-specific wording. What should I ignore when comparing policies? Three signals that look important but mostly aren't: the headline "up to SGD X million coverage" — almost every insurer can underwrite to high sums for the right buyer; the "X+ years experience" of the brand — every MAS-licensed insurer is supervised to the same standard; the projected bonus-rate scenario in the Product Summary — these are non-guaranteed, have been cut by every insurer in the last decade, and should not be the basis of comparison. The guaranteed sum assured + the specific exclusions in the Product Summary are what carry weight. Is this site a financial adviser? No. Lifeinsurance.com.sg is an independent comparison surface. It is not a MAS-licensed financial adviser firm and does not provide financial advice. The policy library of policy wordings is published so buyers and their advisers have a shared reference. For personalised recommendations, consult a MAS-licensed FA — search the MAS Financial Institutions Directory for licensed firms. Sources & methodology
Product features and clauses referenced above are drawn from MAS-licensed insurer
Product Summaries published on compareFIRST.sg ,
and the MAS Financial Institutions Directory. No premium quoted on this page is a binding offer.
This page is informational and does not constitute financial advice under the Financial Advisers Act.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/compare/aia-vs-fwd/
AIA Singapore vs FWD Singapore Life Insurance Singapore — Side-by-Side Comparison 2026 Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Head-to-head comparison AIA Singapore vs FWD Singapore AIA Singapore AIA Singapore Private Limited 10 active products · 8 verified extractions FWD Singapore FWD Singapore Pte. Ltd. 0 active products · 0 verified extractions How to compare
Don't compare on brand. Compare on policy shape (term vs whole life vs ILP), then on the specific clauses that matter: exclusions, multiplier shape, rider definitions, surrender curve. Both AIA Singapore and FWD Singapore are MAS-licensed Singapore insurers with overlapping product ranges — the right answer depends on which specific products fit your need.
AIA Singapore products AIA Singapore Direct - AIA Term
Cover
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Singapore AIA Guaranteed Protect
Plus (IV)
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab AIA Singapore AIA Platinum Retirement
Elite
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Singapore AIA Platinum Wealth
Elite 2.0
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Singapore AIA Pro Achiever 3.0
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Oct 2024 Opens in a new tab AIA Singapore AIA Pro Lifetime
Protector (II)
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Oct 2024 Opens in a new tab See all 10 AIA Singapore products → FWD Singapore products No active products on the policy library. Compare specific clauses For clause-level comparison between any AIA Singapore and FWD Singapore product, use the topic pages or semantic search: Suicide clause across all insurers Free-look period across all insurers Exclusions across all insurers Riders & optional benefits Semantic clause search — find any clause across all wordings Want quotes from both insurers?
Submit a free quote request and we'll prepare a shortlist that includes products from both AIA Singapore and FWD Singapore, plus any other MAS-licensed insurer matching your criteria.
Get quote shortlist Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/compare/aia-vs-great-eastern/
AIA Singapore vs Great Eastern Life Insurance Singapore — Side-by-Side Comparison 2026 Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Head-to-head comparison AIA Singapore vs Great Eastern AIA Singapore AIA Singapore Private Limited 10 active products · 8 verified extractions Great Eastern The Great Eastern Life Assurance Company Limited 12 active products · 10 verified extractions How to compare
Don't compare on brand. Compare on policy shape (term vs whole life vs ILP), then on the specific clauses that matter: exclusions, multiplier shape, rider definitions, surrender curve. Both AIA Singapore and Great Eastern are MAS-licensed Singapore insurers with overlapping product ranges — the right answer depends on which specific products fit your need.
AIA Singapore products AIA Singapore Direct - AIA Term
Cover
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Singapore AIA Guaranteed Protect
Plus (IV)
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab AIA Singapore AIA Platinum Retirement
Elite
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Singapore AIA Platinum Wealth
Elite 2.0
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Singapore AIA Pro Achiever 3.0
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Oct 2024 Opens in a new tab AIA Singapore AIA Pro Lifetime
Protector (II)
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Oct 2024 Opens in a new tab See all 10 AIA Singapore products → Great Eastern products Great Eastern DIRECT -
GREAT Life II
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern DIRECT -
GREAT Term
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern Great
Eastern Cares Term Plan
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern GREAT Flexi
Goal
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern GREAT Flexi
Protect Series 3
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern GREAT Life
Advantage 4
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab See all 12 Great Eastern products → Compare specific clauses For clause-level comparison between any AIA Singapore and Great Eastern product, use the topic pages or semantic search: Suicide clause across all insurers Free-look period across all insurers Exclusions across all insurers Riders & optional benefits Semantic clause search — find any clause across all wordings Want quotes from both insurers?
Submit a free quote request and we'll prepare a shortlist that includes products from both AIA Singapore and Great Eastern, plus any other MAS-licensed insurer matching your criteria.
Get quote shortlist Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/compare/aia-vs-prudential/
AIA Singapore vs Prudential Singapore Life Insurance Singapore — Side-by-Side Comparison 2026 Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Head-to-head comparison AIA Singapore vs Prudential Singapore AIA Singapore AIA Singapore Private Limited 10 active products · 8 verified extractions Prudential Singapore Prudential Assurance Company Singapore (Pte) Limited 10 active products · 9 verified extractions How to compare
Don't compare on brand. Compare on policy shape (term vs whole life vs ILP), then on the specific clauses that matter: exclusions, multiplier shape, rider definitions, surrender curve. Both AIA Singapore and Prudential Singapore are MAS-licensed Singapore insurers with overlapping product ranges — the right answer depends on which specific products fit your need.
AIA Singapore products AIA Singapore Direct - AIA Term
Cover
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Singapore AIA Guaranteed Protect
Plus (IV)
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab AIA Singapore AIA Platinum Retirement
Elite
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Singapore AIA Platinum Wealth
Elite 2.0
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Singapore AIA Pro Achiever 3.0
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Oct 2024 Opens in a new tab AIA Singapore AIA Pro Lifetime
Protector (II)
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Oct 2024 Opens in a new tab See all 10 AIA Singapore products → Prudential Singapore products Prudential Singapore PRUActive Life V
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 1 Mar 2026 Opens in a new tab Prudential Singapore PRUActive
LinkGuard
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Prudential Singapore PRUActive Retirement
II
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Prudential Singapore PRUActive Saver
III
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Prudential Singapore PRUActive Term
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Prudential Singapore PRULink
InvestGrowth
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab See all 10 Prudential Singapore products → Compare specific clauses For clause-level comparison between any AIA Singapore and Prudential Singapore product, use the topic pages or semantic search: Suicide clause across all insurers Free-look period across all insurers Exclusions across all insurers Riders & optional benefits Semantic clause search — find any clause across all wordings Want quotes from both insurers?
Submit a free quote request and we'll prepare a shortlist that includes products from both AIA Singapore and Prudential Singapore, plus any other MAS-licensed insurer matching your criteria.
Get quote shortlist Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/compare/aia-vs-singlife/
AIA Singapore vs Singlife Life Insurance Singapore — Side-by-Side Comparison 2026 Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Head-to-head comparison AIA Singapore vs Singlife AIA Singapore AIA Singapore Private Limited 10 active products · 8 verified extractions Singlife Singapore Life Ltd. 10 active products · 9 verified extractions How to compare
Don't compare on brand. Compare on policy shape (term vs whole life vs ILP), then on the specific clauses that matter: exclusions, multiplier shape, rider definitions, surrender curve. Both AIA Singapore and Singlife are MAS-licensed Singapore insurers with overlapping product ranges — the right answer depends on which specific products fit your need.
AIA Singapore products AIA Singapore Direct - AIA Term
Cover
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Singapore AIA Guaranteed Protect
Plus (IV)
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab AIA Singapore AIA Platinum Retirement
Elite
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Singapore AIA Platinum Wealth
Elite 2.0
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Singapore AIA Pro Achiever 3.0
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Oct 2024 Opens in a new tab AIA Singapore AIA Pro Lifetime
Protector (II)
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Oct 2024 Opens in a new tab See all 10 AIA Singapore products → Singlife products Singlife DIRECT -
Singlife Term Life
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife DIRECT -
Singlife Whole Life
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Singlife Elite
Term II
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Singlife Flexi
Life Income II
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Singlife
Heritage Income
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Singlife Legacy
Indexed Income
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab See all 10 Singlife products → Compare specific clauses For clause-level comparison between any AIA Singapore and Singlife product, use the topic pages or semantic search: Suicide clause across all insurers Free-look period across all insurers Exclusions across all insurers Riders & optional benefits Semantic clause search — find any clause across all wordings Want quotes from both insurers?
Submit a free quote request and we'll prepare a shortlist that includes products from both AIA Singapore and Singlife, plus any other MAS-licensed insurer matching your criteria.
Get quote shortlist Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/compare/great-eastern-vs-income/
Great Eastern vs Income Insurance Life Insurance Singapore — Side-by-Side Comparison 2026 Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Head-to-head comparison Great Eastern vs Income Insurance Great Eastern The Great Eastern Life Assurance Company Limited 12 active products · 10 verified extractions Income Insurance Income Insurance Limited 8 active products · 8 verified extractions How to compare
Don't compare on brand. Compare on policy shape (term vs whole life vs ILP), then on the specific clauses that matter: exclusions, multiplier shape, rider definitions, surrender curve. Both Great Eastern and Income Insurance are MAS-licensed Singapore insurers with overlapping product ranges — the right answer depends on which specific products fit your need.
Great Eastern products Great Eastern DIRECT -
GREAT Life II
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern DIRECT -
GREAT Term
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern Great
Eastern Cares Term Plan
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern GREAT Flexi
Goal
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern GREAT Flexi
Protect Series 3
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern GREAT Life
Advantage 4
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab See all 12 Great Eastern products → Income Insurance products Income Insurance AstraLink
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Income Insurance Complete Life Secure
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Income Insurance Gro Retire Flex Pro
II
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Income Insurance Gro Saver Flex Pro
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Income Insurance Invest Flex
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Income Insurance Provenance Solitaire
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab See all 8 Income Insurance products → Compare specific clauses For clause-level comparison between any Great Eastern and Income Insurance product, use the topic pages or semantic search: Suicide clause across all insurers Free-look period across all insurers Exclusions across all insurers Riders & optional benefits Semantic clause search — find any clause across all wordings Want quotes from both insurers?
Submit a free quote request and we'll prepare a shortlist that includes products from both Great Eastern and Income Insurance, plus any other MAS-licensed insurer matching your criteria.
Get quote shortlist Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/compare/great-eastern-vs-singlife/
Great Eastern vs Singlife Life Insurance Singapore — Side-by-Side Comparison 2026 Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Head-to-head comparison Great Eastern vs Singlife Great Eastern The Great Eastern Life Assurance Company Limited 12 active products · 10 verified extractions Singlife Singapore Life Ltd. 10 active products · 9 verified extractions How to compare
Don't compare on brand. Compare on policy shape (term vs whole life vs ILP), then on the specific clauses that matter: exclusions, multiplier shape, rider definitions, surrender curve. Both Great Eastern and Singlife are MAS-licensed Singapore insurers with overlapping product ranges — the right answer depends on which specific products fit your need.
Great Eastern products Great Eastern DIRECT -
GREAT Life II
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern DIRECT -
GREAT Term
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern Great
Eastern Cares Term Plan
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern GREAT Flexi
Goal
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern GREAT Flexi
Protect Series 3
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern GREAT Life
Advantage 4
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab See all 12 Great Eastern products → Singlife products Singlife DIRECT -
Singlife Term Life
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife DIRECT -
Singlife Whole Life
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Singlife Elite
Term II
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Singlife Flexi
Life Income II
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Singlife
Heritage Income
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Singlife Legacy
Indexed Income
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab See all 10 Singlife products → Compare specific clauses For clause-level comparison between any Great Eastern and Singlife product, use the topic pages or semantic search: Suicide clause across all insurers Free-look period across all insurers Exclusions across all insurers Riders & optional benefits Semantic clause search — find any clause across all wordings Want quotes from both insurers?
Submit a free quote request and we'll prepare a shortlist that includes products from both Great Eastern and Singlife, plus any other MAS-licensed insurer matching your criteria.
Get quote shortlist Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/compare/hsbc-life-vs-aia/
HSBC Life vs AIA Singapore Life Insurance Singapore — Side-by-Side Comparison 2026 Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Head-to-head comparison HSBC Life vs AIA Singapore HSBC Life HSBC Life (Singapore) Pte. Ltd. 0 active products · 0 verified extractions AIA Singapore AIA Singapore Private Limited 10 active products · 8 verified extractions How to compare
Don't compare on brand. Compare on policy shape (term vs whole life vs ILP), then on the specific clauses that matter: exclusions, multiplier shape, rider definitions, surrender curve. Both HSBC Life and AIA Singapore are MAS-licensed Singapore insurers with overlapping product ranges — the right answer depends on which specific products fit your need.
HSBC Life products No active products on the policy library. AIA Singapore products AIA Singapore Direct - AIA Term
Cover
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Singapore AIA Guaranteed Protect
Plus (IV)
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab AIA Singapore AIA Platinum Retirement
Elite
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Singapore AIA Platinum Wealth
Elite 2.0
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Singapore AIA Pro Achiever 3.0
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Oct 2024 Opens in a new tab AIA Singapore AIA Pro Lifetime
Protector (II)
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Oct 2024 Opens in a new tab See all 10 AIA Singapore products → Compare specific clauses For clause-level comparison between any HSBC Life and AIA Singapore product, use the topic pages or semantic search: Suicide clause across all insurers Free-look period across all insurers Exclusions across all insurers Riders & optional benefits Semantic clause search — find any clause across all wordings Want quotes from both insurers?
Submit a free quote request and we'll prepare a shortlist that includes products from both HSBC Life and AIA Singapore, plus any other MAS-licensed insurer matching your criteria.
Get quote shortlist Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/compare/hsbc-life-vs-manulife/
HSBC Life vs Manulife Singapore Life Insurance Singapore — Side-by-Side Comparison 2026 Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Head-to-head comparison HSBC Life vs Manulife Singapore HSBC Life HSBC Life (Singapore) Pte. Ltd. 0 active products · 0 verified extractions Manulife Singapore Manulife (Singapore) Pte. Ltd. 0 active products · 0 verified extractions How to compare
Don't compare on brand. Compare on policy shape (term vs whole life vs ILP), then on the specific clauses that matter: exclusions, multiplier shape, rider definitions, surrender curve. Both HSBC Life and Manulife Singapore are MAS-licensed Singapore insurers with overlapping product ranges — the right answer depends on which specific products fit your need.
HSBC Life products No active products on the policy library. Manulife Singapore products No active products on the policy library. Compare specific clauses For clause-level comparison between any HSBC Life and Manulife Singapore product, use the topic pages or semantic search: Suicide clause across all insurers Free-look period across all insurers Exclusions across all insurers Riders & optional benefits Semantic clause search — find any clause across all wordings Want quotes from both insurers?
Submit a free quote request and we'll prepare a shortlist that includes products from both HSBC Life and Manulife Singapore, plus any other MAS-licensed insurer matching your criteria.
Get quote shortlist Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/compare/income-vs-etiqa/
Income Insurance vs Etiqa Insurance Life Insurance Singapore — Side-by-Side Comparison 2026 Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Head-to-head comparison Income Insurance vs Etiqa Insurance Income Insurance Income Insurance Limited 8 active products · 8 verified extractions Etiqa Insurance Etiqa Insurance Pte. Ltd. 0 active products · 0 verified extractions How to compare
Don't compare on brand. Compare on policy shape (term vs whole life vs ILP), then on the specific clauses that matter: exclusions, multiplier shape, rider definitions, surrender curve. Both Income Insurance and Etiqa Insurance are MAS-licensed Singapore insurers with overlapping product ranges — the right answer depends on which specific products fit your need.
Income Insurance products Income Insurance AstraLink
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Income Insurance Complete Life Secure
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Income Insurance Gro Retire Flex Pro
II
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Income Insurance Gro Saver Flex Pro
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Income Insurance Invest Flex
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Income Insurance Provenance Solitaire
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab See all 8 Income Insurance products → Etiqa Insurance products No active products on the policy library. Compare specific clauses For clause-level comparison between any Income Insurance and Etiqa Insurance product, use the topic pages or semantic search: Suicide clause across all insurers Free-look period across all insurers Exclusions across all insurers Riders & optional benefits Semantic clause search — find any clause across all wordings Want quotes from both insurers?
Submit a free quote request and we'll prepare a shortlist that includes products from both Income Insurance and Etiqa Insurance, plus any other MAS-licensed insurer matching your criteria.
Get quote shortlist Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/compare/manulife-vs-aia/
Manulife Singapore vs AIA Singapore Life Insurance Singapore — Side-by-Side Comparison 2026 Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Head-to-head comparison Manulife Singapore vs AIA Singapore Manulife Singapore Manulife (Singapore) Pte. Ltd. 0 active products · 0 verified extractions AIA Singapore AIA Singapore Private Limited 10 active products · 8 verified extractions How to compare
Don't compare on brand. Compare on policy shape (term vs whole life vs ILP), then on the specific clauses that matter: exclusions, multiplier shape, rider definitions, surrender curve. Both Manulife Singapore and AIA Singapore are MAS-licensed Singapore insurers with overlapping product ranges — the right answer depends on which specific products fit your need.
Manulife Singapore products No active products on the policy library. AIA Singapore products AIA Singapore Direct - AIA Term
Cover
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Singapore AIA Guaranteed Protect
Plus (IV)
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab AIA Singapore AIA Platinum Retirement
Elite
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Singapore AIA Platinum Wealth
Elite 2.0
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Singapore AIA Pro Achiever 3.0
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Oct 2024 Opens in a new tab AIA Singapore AIA Pro Lifetime
Protector (II)
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Oct 2024 Opens in a new tab See all 10 AIA Singapore products → Compare specific clauses For clause-level comparison between any Manulife Singapore and AIA Singapore product, use the topic pages or semantic search: Suicide clause across all insurers Free-look period across all insurers Exclusions across all insurers Riders & optional benefits Semantic clause search — find any clause across all wordings Want quotes from both insurers?
Submit a free quote request and we'll prepare a shortlist that includes products from both Manulife Singapore and AIA Singapore, plus any other MAS-licensed insurer matching your criteria.
Get quote shortlist Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/compare/prudential-vs-great-eastern/
Prudential Singapore vs Great Eastern Life Insurance Singapore — Side-by-Side Comparison 2026 Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Head-to-head comparison Prudential Singapore vs Great Eastern Prudential Singapore Prudential Assurance Company Singapore (Pte) Limited 10 active products · 9 verified extractions Great Eastern The Great Eastern Life Assurance Company Limited 12 active products · 10 verified extractions How to compare
Don't compare on brand. Compare on policy shape (term vs whole life vs ILP), then on the specific clauses that matter: exclusions, multiplier shape, rider definitions, surrender curve. Both Prudential Singapore and Great Eastern are MAS-licensed Singapore insurers with overlapping product ranges — the right answer depends on which specific products fit your need.
Prudential Singapore products Prudential Singapore PRUActive Life V
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 1 Mar 2026 Opens in a new tab Prudential Singapore PRUActive
LinkGuard
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Prudential Singapore PRUActive Retirement
II
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Prudential Singapore PRUActive Saver
III
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Prudential Singapore PRUActive Term
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Prudential Singapore PRULink
InvestGrowth
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab See all 10 Prudential Singapore products → Great Eastern products Great Eastern DIRECT -
GREAT Life II
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern DIRECT -
GREAT Term
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern Great
Eastern Cares Term Plan
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern GREAT Flexi
Goal
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern GREAT Flexi
Protect Series 3
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern GREAT Life
Advantage 4
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab See all 12 Great Eastern products → Compare specific clauses For clause-level comparison between any Prudential Singapore and Great Eastern product, use the topic pages or semantic search: Suicide clause across all insurers Free-look period across all insurers Exclusions across all insurers Riders & optional benefits Semantic clause search — find any clause across all wordings Want quotes from both insurers?
Submit a free quote request and we'll prepare a shortlist that includes products from both Prudential Singapore and Great Eastern, plus any other MAS-licensed insurer matching your criteria.
Get quote shortlist Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/compare/prudential-vs-manulife/
Prudential Singapore vs Manulife Singapore Life Insurance Singapore — Side-by-Side Comparison 2026 Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Head-to-head comparison Prudential Singapore vs Manulife Singapore Prudential Singapore Prudential Assurance Company Singapore (Pte) Limited 10 active products · 9 verified extractions Manulife Singapore Manulife (Singapore) Pte. Ltd. 0 active products · 0 verified extractions How to compare
Don't compare on brand. Compare on policy shape (term vs whole life vs ILP), then on the specific clauses that matter: exclusions, multiplier shape, rider definitions, surrender curve. Both Prudential Singapore and Manulife Singapore are MAS-licensed Singapore insurers with overlapping product ranges — the right answer depends on which specific products fit your need.
Prudential Singapore products Prudential Singapore PRUActive Life V
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 1 Mar 2026 Opens in a new tab Prudential Singapore PRUActive
LinkGuard
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Prudential Singapore PRUActive Retirement
II
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Prudential Singapore PRUActive Saver
III
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Prudential Singapore PRUActive Term
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Prudential Singapore PRULink
InvestGrowth
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab See all 10 Prudential Singapore products → Manulife Singapore products No active products on the policy library. Compare specific clauses For clause-level comparison between any Prudential Singapore and Manulife Singapore product, use the topic pages or semantic search: Suicide clause across all insurers Free-look period across all insurers Exclusions across all insurers Riders & optional benefits Semantic clause search — find any clause across all wordings Want quotes from both insurers?
Submit a free quote request and we'll prepare a shortlist that includes products from both Prudential Singapore and Manulife Singapore, plus any other MAS-licensed insurer matching your criteria.
Get quote shortlist Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/compare/prudential-vs-singlife/
Prudential Singapore vs Singlife Life Insurance Singapore — Side-by-Side Comparison 2026 Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Head-to-head comparison Prudential Singapore vs Singlife Prudential Singapore Prudential Assurance Company Singapore (Pte) Limited 10 active products · 9 verified extractions Singlife Singapore Life Ltd. 10 active products · 9 verified extractions How to compare
Don't compare on brand. Compare on policy shape (term vs whole life vs ILP), then on the specific clauses that matter: exclusions, multiplier shape, rider definitions, surrender curve. Both Prudential Singapore and Singlife are MAS-licensed Singapore insurers with overlapping product ranges — the right answer depends on which specific products fit your need.
Prudential Singapore products Prudential Singapore PRUActive Life V
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 1 Mar 2026 Opens in a new tab Prudential Singapore PRUActive
LinkGuard
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Prudential Singapore PRUActive Retirement
II
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Prudential Singapore PRUActive Saver
III
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Prudential Singapore PRUActive Term
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Prudential Singapore PRULink
InvestGrowth
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab See all 10 Prudential Singapore products → Singlife products Singlife DIRECT -
Singlife Term Life
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife DIRECT -
Singlife Whole Life
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Singlife Elite
Term II
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Singlife Flexi
Life Income II
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Singlife
Heritage Income
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Singlife Legacy
Indexed Income
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab See all 10 Singlife products → Compare specific clauses For clause-level comparison between any Prudential Singapore and Singlife product, use the topic pages or semantic search: Suicide clause across all insurers Free-look period across all insurers Exclusions across all insurers Riders & optional benefits Semantic clause search — find any clause across all wordings Want quotes from both insurers?
Submit a free quote request and we'll prepare a shortlist that includes products from both Prudential Singapore and Singlife, plus any other MAS-licensed insurer matching your criteria.
Get quote shortlist Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/compare/singlife-vs-fwd/
Singlife vs FWD Singapore Life Insurance Singapore — Side-by-Side Comparison 2026 Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Head-to-head comparison Singlife vs FWD Singapore Singlife Singapore Life Ltd. 10 active products · 9 verified extractions FWD Singapore FWD Singapore Pte. Ltd. 0 active products · 0 verified extractions How to compare
Don't compare on brand. Compare on policy shape (term vs whole life vs ILP), then on the specific clauses that matter: exclusions, multiplier shape, rider definitions, surrender curve. Both Singlife and FWD Singapore are MAS-licensed Singapore insurers with overlapping product ranges — the right answer depends on which specific products fit your need.
Singlife products Singlife DIRECT -
Singlife Term Life
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife DIRECT -
Singlife Whole Life
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Singlife Elite
Term II
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Singlife Flexi
Life Income II
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Singlife
Heritage Income
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Singlife Legacy
Indexed Income
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab See all 10 Singlife products → FWD Singapore products No active products on the policy library. Compare specific clauses For clause-level comparison between any Singlife and FWD Singapore product, use the topic pages or semantic search: Suicide clause across all insurers Free-look period across all insurers Exclusions across all insurers Riders & optional benefits Semantic clause search — find any clause across all wordings Want quotes from both insurers?
Submit a free quote request and we'll prepare a shortlist that includes products from both Singlife and FWD Singapore, plus any other MAS-licensed insurer matching your criteria.
Get quote shortlist Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/compare/singlife-vs-income/
Singlife vs Income Insurance Life Insurance Singapore — Side-by-Side Comparison 2026 Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Head-to-head comparison Singlife vs Income Insurance Singlife Singapore Life Ltd. 10 active products · 9 verified extractions Income Insurance Income Insurance Limited 8 active products · 8 verified extractions How to compare
Don't compare on brand. Compare on policy shape (term vs whole life vs ILP), then on the specific clauses that matter: exclusions, multiplier shape, rider definitions, surrender curve. Both Singlife and Income Insurance are MAS-licensed Singapore insurers with overlapping product ranges — the right answer depends on which specific products fit your need.
Singlife products Singlife DIRECT -
Singlife Term Life
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife DIRECT -
Singlife Whole Life
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Singlife Elite
Term II
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Singlife Flexi
Life Income II
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Singlife
Heritage Income
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Singlife Legacy
Indexed Income
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab See all 10 Singlife products → Income Insurance products Income Insurance AstraLink
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Income Insurance Complete Life Secure
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Income Insurance Gro Retire Flex Pro
II
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Income Insurance Gro Saver Flex Pro
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Income Insurance Invest Flex
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Income Insurance Provenance Solitaire
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab See all 8 Income Insurance products → Compare specific clauses For clause-level comparison between any Singlife and Income Insurance product, use the topic pages or semantic search: Suicide clause across all insurers Free-look period across all insurers Exclusions across all insurers Riders & optional benefits Semantic clause search — find any clause across all wordings Want quotes from both insurers?
Submit a free quote request and we'll prepare a shortlist that includes products from both Singlife and Income Insurance, plus any other MAS-licensed insurer matching your criteria.
Get quote shortlist Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/comparison/
Singapore Life Insurance Comparison — All Products Side by Side Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Side-by-side comparison All Singapore life insurance products
Every active life insurance product on the policy library — 50 products from 15 MAS-licensed Singapore insurers. Click any product for the full structured breakdown.
Term (10) Whole life (8) ILP (10) Endowment (7) Retirement (3) Other (12) Term · 10 products Insurer Product Effective from Confidence Source AIA Singapore AIA Secure Flexi Term → 2025-07-01 verified
Source: PDF ↗
Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Singapore Direct - AIA Term Cover → 2025-07-01 verified
Source: PDF ↗
Product Summary Verified 1 Jul 2025 Opens in a new tab Great Eastern DIRECT - GREAT Term → 2026-06-05 verified
Source: PDF ↗
Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern GREAT Term → 2026-06-05 verified
Source: PDF ↗
Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern Great Eastern Cares Term Plan → 2026-06-05 verified
Source: PDF ↗
Product Summary Verified 5 Jun 2026 Opens in a new tab Income Insurance Star Term Protect → 2026-06-05 verified
Source: PDF ↗
Product Summary Verified 5 Jun 2026 Opens in a new tab Prudential Singapore PRUActive Term → 2026-06-05 verified
Source: PDF ↗
Product Summary Verified 5 Jun 2026 Opens in a new tab Prudential Singapore PRUVital Cover → 2026-06-05 verified
Source: PDF ↗
Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife DIRECT - Singlife Term Life → 2026-06-05 verified
Source: PDF ↗
Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Singlife Elite Term II → 2026-06-05 verified
Source: PDF ↗
Product Summary Verified 5 Jun 2026 Opens in a new tab Whole life · 8 products Insurer Product Effective from Confidence Source AIA Singapore AIA Guaranteed Protect Plus (IV) → 2026-06-05 verified
Source: PDF ↗
Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern Prestige Legacy Index → 2026-06-05 inferred
Source: PDF ↗
Product Summary Verified 5 Jun 2026 Opens in a new tab Income Insurance Complete Life Secure → 2026-06-05 verified
Source: PDF ↗
Product Summary Verified 5 Jun 2026 Opens in a new tab Prudential Singapore PRUActive Life V → 2026-03-01 verified
Source: PDF ↗
Product Summary Verified 1 Mar 2026 Opens in a new tab Prudential Singapore PRUVantage Legacy Index → 2025-09-02 inferred
Source: PDF ↗
Product Summary Verified 2 Sept 2025 Opens in a new tab Singlife DIRECT - Singlife Whole Life → 2026-06-05 verified
Source: PDF ↗
Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Singlife Legacy Indexed Income → 2026-06-05 verified
Source: PDF ↗
Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Singlife Whole Life Choice → 2026-06-05 —
Source: PDF ↗
Product Summary Verified 5 Jun 2026 Opens in a new tab ILP · 10 products Insurer Product Effective from Confidence Source AIA Singapore AIA Platinum Wealth Elite 2.0 → 2025-07-01 verified
Source: PDF ↗
Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Singapore AIA Smart Wealth Builder Series → 2025-07-01 verified
Source: PDF ↗
Product Summary Verified 1 Jul 2025 Opens in a new tab Great Eastern GREAT Wealth Advantage 4 → 2026-06-05 verified
Source: PDF ↗
Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern GREAT Wealth Multiplier 3 → 2026-06-05 verified
Source: PDF ↗
Product Summary Verified 5 Jun 2026 Opens in a new tab Income Insurance AstraLink → 2026-06-05 verified
Source: PDF ↗
Product Summary Verified 5 Jun 2026 Opens in a new tab Income Insurance Invest Flex → 2026-06-05 verified
Source: PDF ↗
Product Summary Verified 5 Jun 2026 Opens in a new tab Prudential Singapore PRULink InvestGrowth → 2026-06-05 verified
Source: PDF ↗
Product Summary Verified 5 Jun 2026 Opens in a new tab Prudential Singapore PRUVantage Wealth III → 2026-06-05 verified
Source: PDF ↗
Product Summary Verified 5 Jun 2026 Opens in a new tab Prudential Singapore PRUWealth Plus (SGD) → 2026-06-05 verified
Source: PDF ↗
Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Singlife Savvy Invest II → 2026-06-05 verified
Source: PDF ↗
Product Summary Verified 5 Jun 2026 Opens in a new tab Endowment · 7 products Insurer Product Effective from Confidence Source AIA Singapore AIA Retirement Saver (IV) → 2025-07-01 inferred
Source: PDF ↗
Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Singapore AIA Smart Flexi Rewards (II) → 2025-07-01 verified
Source: PDF ↗
Product Summary Verified 1 Jul 2025 Opens in a new tab Income Insurance Gro Saver Flex Pro → 2026-06-05 verified
Source: PDF ↗
Product Summary Verified 5 Jun 2026 Opens in a new tab Prudential Singapore PRUActive Saver III → 2026-06-05 verified
Source: PDF ↗
Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Singlife Heritage Income → 2026-06-05 verified
Source: PDF ↗
Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Singlife Steadypay Saver → 2026-06-05 verified
Source: PDF ↗
Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Singlife Smart Saver → 2026-06-05 verified
Source: PDF ↗
Product Summary Verified 5 Jun 2026 Opens in a new tab Retirement · 3 products Insurer Product Effective from Confidence Source AIA Singapore AIA Platinum Retirement Elite → 2025-07-01 verified
Source: PDF ↗
Product Summary Verified 1 Jul 2025 Opens in a new tab Income Insurance Gro Retire Flex Pro II → 2026-06-05 verified
Source: PDF ↗
Product Summary Verified 5 Jun 2026 Opens in a new tab Prudential Singapore PRUActive Retirement II → 2026-06-05 verified
Source: PDF ↗
Product Summary Verified 5 Jun 2026 Opens in a new tab Other · 12 products Insurer Product Effective from Confidence Source AIA Singapore AIA Pro Achiever 3.0 → 2024-10-01 inferred
Source: PDF ↗
Product Summary Verified 1 Oct 2024 Opens in a new tab AIA Singapore AIA Pro Lifetime Protector (II) → 2024-10-01 verified
Source: PDF ↗
Product Summary Verified 1 Oct 2024 Opens in a new tab Great Eastern DIRECT - GREAT Life II → 2026-06-05 verified
Source: PDF ↗
Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern GREAT Flexi Goal → 2026-06-05 verified
Source: PDF ↗
Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern GREAT Flexi Protect Series 3 → 2026-06-05 inferred
Source: PDF ↗
Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern GREAT Life Multiplier → 2026-06-05 verified
Source: PDF ↗
Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern GREAT Life Advantage 4 → 2026-06-05 verified
Source: PDF ↗
Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern Prestige Life Gold 4 (SGD/USD) → 2026-06-05 verified
Source: PDF ↗
Product Summary Verified 5 Jun 2026 Opens in a new tab Income Insurance Provenance Solitaire → 2026-06-05 verified
Source: PDF ↗
Product Summary Verified 5 Jun 2026 Opens in a new tab Income Insurance TermLife Solitaire → 2026-06-05 verified
Source: PDF ↗
Product Summary Verified 5 Jun 2026 Opens in a new tab Prudential Singapore PRUActive LinkGuard → 2026-06-05 verified
Source: PDF ↗
Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Singlife Flexi Life Income II → 2026-06-05 verified
Source: PDF ↗
Product Summary Verified 5 Jun 2026 Opens in a new tab How to use this
Sort by shape using the jump-links above, then click any product to see the full structured-fact breakdown — exclusions, riders, free-look, surrender terms, and the source PDF. For cross-insurer comparison on a specific topic (suicide clause, multiplier, CI definition), see the clause search .
To get a personalised shortlist mapped to your situation, use the free quote tool .
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/cpf-life-insurance/
CPF & Life Insurance Singapore — CPF DPS, Using CPF/SRS to Pay Premiums, CPF LIFE vs Private Cover Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · CPF + life insurance CPF and life insurance in Singapore
Three CPF-adjacent layers interact with private life insurance in Singapore: CPF DPS (a basic term-life scheme funded from CPF contributions), CPF / SRS funds (which can pay premiums on some life-insurance products), and CPF LIFE (a national longevity-insurance annuity). None of them replace private life cover — they layer with it.
CPF DPS — the baseline term cover
The Dependants' Protection Scheme is an opt-out term life policy administered by Great Eastern (the appointed insurer since April 2021). Active CPF members aged 21-65 are automatically enrolled. Cover provides up to SGD 70,000 of mortality + Total & Permanent Disability benefit, with premiums deducted from CPF contributions.
CPF DPS is useful as a baseline floor, but SGD 70,000 is far below the protection level most working-age Singapore buyers actually need. A 35-year-old with two dependent children and a mortgage typically needs 8-10x annual income — often SGD 800,000 - 1.5 million in mortality cover. CPF DPS covers the first SGD 70k; the remainder needs private term life or whole life.
Using CPF OA / SRS to pay premiums
Some life insurance products accept CPF Ordinary Account funds via the CPF Investment Scheme (CPFIS). Eligible products are listed on the CPF Board's CPFIS approved-products page and typically include investment-linked policies (ILPs), endowment policies, and certain retirement-savings products. Pure term-life and most whole-life products do not accept CPF OA — they must be paid from cash.
SRS (Supplementary Retirement Scheme) funds can be used to fund SRS-eligible single-premium or regular-premium retirement-savings policies. SRS contributions are tax-deductible up to a cap (SGD 15,300 for Singapore citizens / PRs, SGD 35,700 for foreigners), making SRS-funded insurance a popular tax-optimisation route for higher-income buyers.
Use the CPF / SRS eligibility topic page to see which products on the policy library accept which funding source.
CPF LIFE — the national longevity annuity
CPF LIFE is not life insurance in the private-product sense — it's a national longevity-insurance scheme that pays a monthly income for life from age 65 (or later, if you defer), funded from the Retirement Account balance at age 55. Three plan options:
CPF LIFE Standard — higher monthly payouts, lower bequest to estate. CPF LIFE Basic — lower monthly payouts, higher bequest to estate. CPF LIFE Escalating — payouts increase annually to track inflation; starts lower than Standard, ends higher.
CPF LIFE provides longevity protection from age 65. Private life insurance addresses different risks: mortality during working years (term, whole life), critical illness (CI riders), and structured savings before retirement (endowment, ILP). The two are complementary, not substitutes.
Practical sequencing for a Singapore buyer A reasonable buying sequence for an early-career Singapore buyer (age 25-35, dependants, mortgage): Confirm CPF DPS active enrollment (automatic if working — check via CPF account). Buy term life for the gap between CPF DPS (SGD 70k) and your actual coverage need. 25-30 year level term to age 55-60 typically fits. Add a critical illness rider on the term policy. Multi-pay if budget allows. Once core protection is in place, consider retirement-savings products via SRS for tax optimisation if income is high. Around age 50, evaluate private annuities to supplement CPF LIFE for earlier-than-65 retirement income. Frequently asked questions What is CPF DPS? Dependants' Protection Scheme — a term life insurance scheme administered by Great Eastern (the appointed insurer since April 2021) that provides up to SGD 70,000 of basic mortality + Total & Permanent Disability cover to active CPF members. Premiums are deducted from CPF contributions. Coverage runs to age 60. Is CPF DPS enough life insurance cover? No — SGD 70,000 is a baseline, not a complete solution. Singapore working-age buyers with dependants typically need 8-10x annual income in mortality cover. CPF DPS supplements private term life or whole life cover, it doesn't replace it. Can I use CPF Ordinary Account (OA) to pay life insurance premiums? Some — but not all — life insurance products accept CPF OA funds via the CPF Investment Scheme (CPFIS). Eligible products are listed on the CPF Board CPFIS approved-products page. Most accepted products are ILPs and endowment policies; very few pure term-life or whole-life products accept CPF OA. Can I use SRS funds to pay life insurance premiums? Yes — Supplementary Retirement Scheme (SRS) funds can be used to fund SRS-eligible single-premium or regular-premium insurance products. These are typically retirement-savings policies (endowment / annuity shapes). Check the product's Product Summary for SRS-eligibility status. What is CPF LIFE? CPF Lifelong Income For the Elderly — a national longevity-insurance scheme that pays a monthly income for life from age 65 (or later, deferred), funded by the Retirement Account balance at age 55. CPF LIFE is a public annuity, not a private life insurance policy. Three plan types: Standard, Basic, Escalating. Should I cancel my CPF LIFE if I have private annuities? You can't opt out of CPF LIFE if your Retirement Account hits the Basic Retirement Sum at age 55. Private annuities and CPF LIFE are complementary — CPF LIFE provides longevity-insured income from age 65; private products can fund earlier retirement, supplement CPF LIFE payouts, or provide death benefits to dependants. How does life insurance interact with my CPF estate planning? Life insurance proceeds can be nominated outside CPF — via the insurer's nomination form. CPF nominations cover CPF balances (OA + SA + MA + RA), separate from life-insurance proceeds. Both can be coordinated for estate-planning purposes; consult a MAS-licensed financial adviser or estate planner. Sources
CPF DPS scheme details from CPF Board ( cpf.gov.sg ). CPF LIFE scheme details from CPF Board. SRS eligibility from IRAS. Product CPF / SRS eligibility from each insurer's Product Summary on compareFIRST.sg. This page is informational only and does not constitute financial advice.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/critical-illness-insurance-singapore/
Critical Illness Insurance Singapore — How CI Cover Works, LIA Definitions & Comparing Riders Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Critical illness Critical illness insurance in Singapore
Critical illness (CI) cover pays a lump sum on diagnosis of a defined serious condition — most commonly cancer, heart attack, stroke or kidney failure. CI is the second-most-purchased life-insurance product type in Singapore after basic mortality cover, and the riders that bundle it carry the biggest definition-variance between MAS-licensed insurers.
What CI cover actually pays for
CI pays a one-off lump sum when the insured is diagnosed with one of the policy's defined critical illnesses, provided the survival period (typically 7-30 days) is met. The payout is on diagnosis, not on medical expense — it can be used for any purpose: income replacement, treatment top-ups, mortgage payoff, family support.
CI is distinct from MediShield Life (which pays hospital bills directly to the hospital) and from life insurance death benefit (which pays on death). The three layers solve different problems and most Singapore buyers carry all three.
The 37 LIA common-defined critical illnesses
The Life Insurance Association (LIA) publishes 37 common-defined critical illnesses that every participating insurer in Singapore must use a consistent medical definition for. These cover the major categories: cancers, cardiovascular conditions, neurological conditions, organ failures, and a handful of degenerative conditions.
Beyond the 37 LIA common-defined CIs, individual products cover 60-130+ additional conditions using insurer-specific definitions. These extra conditions are where comparability breaks down — a "Multiple Sclerosis" cover from one insurer may have a materially different diagnostic threshold than another. Always read the specific medical definition in the rider wording, not the marketing count.
Early-stage vs late-stage CI cover
Traditional CI cover pays only on late-stage (severe-stage) diagnosis. Early-stage CI cover pays at earlier diagnostic milestones — early-stage cancer (carcinoma in situ), early-stage heart conditions (angioplasty), early-stage stroke (transient ischaemic attack with residual symptoms).
Early-stage cover matters because cancer survival rates have improved materially — many cancers are caught and treated early, never reaching late-stage definitions. Late-stage-only cover misses these cases. Most modern Singapore CI riders offer early-stage as an optional add-on or as part of a multi-stage structure (early + intermediate + late, each with a partial payout).
Multi-pay vs single-pay CI
Single-pay CI terminates after the first claim — you receive the lump sum once and the rider ends. Multi-pay CI continues after the first claim, allowing further payouts on unrelated subsequent CI events (subject to a 12-24 month waiting period between claims).
Multi-pay matters because a 35-year-old surviving a first cancer diagnosis still has decades of risk exposure for a subsequent heart event or stroke. Multi-pay premiums are higher but the long-horizon value is materially greater. Some multi-pay structures specifically include re-coverage for the same condition (e.g. cancer relapse), which is the highest-value variant.
CI rider vs stand-alone CI policy
A CI rider attaches to a base life or term policy. CI payouts come from the base policy's sum assured — claiming CI reduces or terminates the base policy. Cheaper per dollar of cover, simpler administration.
A stand-alone CI policy is its own policy with its own sum assured. CI claim does not affect the base life policy's death benefit. More flexible, more expensive.
Most Singapore buyers run CI as a rider attached to a base term policy. Stand-alone CI is the right choice when you want to preserve full death benefit regardless of CI events — common for buyers with significant dependants.
Comparing CI riders across Singapore insurers
Comparing CI riders is materially harder than comparing base mortality cover. Headline "covers 160+ illnesses" or "comprehensive CI cover" is meaningless without the rider wording. Compare on:
Number of LIA common-defined CIs covered (should be all 37) + total conditions covered Early-stage and intermediate-stage cover included or optional Multi-pay vs single-pay structure, and waiting periods between claims Survival period (7, 14, or 30 days) Waiting period from inception (typically 90 days) Premium-waiver on CI claim (does the base policy continue without further premiums after a claim?) Cap on individual condition payouts (some early-stage CIs pay only a percentage of sum assured) Specific medical definitions used (read the rider, not the brochure)
Use the riders topic page to see CI rider availability across the policy library, or the clause search to find specific CI definitions.
Frequently asked questions What is critical illness insurance in Singapore? A lump-sum payout on diagnosis of a defined critical illness — typically cancer, heart attack, stroke, kidney failure or 35+ other conditions. CI cover can be a stand-alone policy or a rider attached to a term, whole life or ILP base plan. How many illnesses are covered by Singapore CI plans? The Life Insurance Association (LIA) publishes 37 common-defined critical illnesses as the floor. Most Singapore products cover 100-160+ conditions in total — the extra conditions use insurer-specific definitions. Early-stage vs late-stage CI — what's the difference? Late-stage (or "severe stage") CI is the traditional model: payout on advanced disease that meets the LIA definition. Early-stage CI covers earlier diagnoses (e.g. carcinoma in situ, early-stage heart conditions). Early-stage cover is more useful in practice because survival has improved — but rider premiums are higher. What is a multi-pay CI policy? Multi-pay CI policies continue paying after the first claim if a subsequent unrelated CI is diagnosed (subject to waiting periods between claims). Single-pay policies terminate after the first claim. Multi-pay is more valuable for buyers in their 30s-40s with long horizons. What is the waiting period on CI? Most Singapore CI policies have a 90-day waiting period from policy inception — claims for diagnoses within that window are excluded. Reinstated policies restart the waiting period. What is the survival period? Most CI policies require the insured to survive 7-30 days after diagnosis for the payout to be made. Specific period varies by insurer and product — check the rider wording. How does CI cover interact with MediShield Life? MediShield Life pays for medical treatment of serious illness, but does not provide a lump-sum on diagnosis. CI cover pays cash on diagnosis regardless of medical bills — useful for income replacement during treatment, supplementary expenses, or financial flexibility. Should I buy CI as a rider or stand-alone? Stand-alone CI gives the full sum assured on a CI event without affecting the base life-insurance benefit. CI rider pays out from the base policy's sum assured (accelerating the death benefit). Stand-alone is cleaner; rider is cheaper. Most Singapore buyers run CI as a rider attached to a base term policy. Sources & methodology
Critical illness rider definitions are drawn from MAS-licensed insurer Product Summaries on compareFIRST.sg and the LIA common-defined critical illness list. This page is informational only and does not constitute financial advice.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/decreasing-term-life-singapore/
Decreasing Term Life Insurance Singapore — Mortgage Protection Guide Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Decreasing term life Decreasing term life insurance in Singapore
Decreasing term is the most common mortgage-protection structure in Singapore. Sum assured declines each year on a schedule matching the underlying mortgage amortisation, so cover always tracks the outstanding loan balance. Materially cheaper than level-term for the same starting sum, with the trade-off that residual cover at term-end is low.
When decreasing term fits
The right shape when the liability you're protecting amortises (declines over time). Three classic use-cases:
Mortgage protection. SGD 800k 25-year mortgage at issue → SGD 800k starting cover, declining to ~SGD 0 at year 25. Business loan with personal guarantee on amortising terms. Education funding where the future cost declines as the child ages and you've accumulated more savings. Decreasing vs level term
Level term holds sum assured constant for the full policy period. Decreasing term reduces it on schedule. Premium difference is material — decreasing term is typically meaningfully cheaper for the same starting sum.
Most Singapore buyers run BOTH shapes simultaneously: decreasing term sized to mortgage + level term sized to family income-replacement. Each policy answers a different need, and the premium overhead vs running everything through one bigger level-term policy is small.
Mortgage interest rate matters
The decreasing-term schedule should match your mortgage amortisation schedule, which depends on the interest rate assumed at issue. If your actual mortgage rate is materially higher or lower than the policy's assumed rate, the cover will diverge from the actual loan balance over time. Some products use a flat-decline assumption rather than amortisation-matched; others use a specific rate disclosed in the Product Summary.
Bank-distributed vs independent decreasing term
When you take out a Singapore home loan, the bank typically offers a mortgage-reducing-term policy. These are convenient (often single-application, sometimes bundled with the loan paperwork) but typically more expensive than independently-purchased equivalents.
Quote-shop on compareFIRST.sg or via our free quote tool before accepting the bank's offering. Savings over a 25-year term are commonly meaningful.
Riders on decreasing term
Critical Illness, TPD and Waiver of Premium riders are typically available on decreasing-term policies. CI / TPD rider sum assured can be structured to also decrease, or to remain level — read the rider wording.
Waiver of Premium is particularly valuable on mortgage-protection policies — if you suffer TPD or a defined CI, the policy continues without premiums until the original maturity, ensuring the mortgage is covered even if you can't work.
Frequently asked questions What is decreasing term life? Term life insurance where the sum assured declines each year on a defined schedule — typically matching the amortisation of a home mortgage. Starting cover is high (covering full loan balance); ending cover is low or zero (loan fully paid). Is decreasing term cheaper than level term? Yes — materially cheaper than level term for the same starting sum assured. The insurer's risk decreases each year (lower sum at risk), so premiums are priced lower. Annual premium is typically flat across the policy term despite declining sum assured. Decreasing term vs MRTA (Mortgage Reducing Term Assurance)? They're effectively the same product — MRTA is the older Singapore name for decreasing-term mortgage protection. Modern Singapore policies often use the "decreasing term" label rather than MRTA, but the structure (sum assured tracking mortgage balance) is identical. Should I buy decreasing term from my mortgage bank? Bank-distributed mortgage insurance is convenient but typically more expensive than independently-purchased decreasing-term from a MAS-licensed insurer. Compare quotes from compareFIRST.sg before accepting the bank's default offering — savings can be material over a 20-25 year term. What if I refinance the mortgage? Decreasing-term policies are usually independent of the underlying mortgage — refinancing doesn't affect the policy. You can keep the same decreasing-term cover after refinancing, or top up if the new loan is larger. Conversely, if you pay down the mortgage faster than the policy's decreasing schedule, the policy provides surplus cover. Information from MAS-licensed insurer Product Summaries. Not financial advice — consult a MAS-licensed financial adviser for personalised recommendations. Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/education-endowment-singapore/
Education Endowment Singapore — Funding Your Child's University Costs Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Education endowment Education endowments in Singapore
Education endowments are long-term endowment policies timed to mature when a child reaches tertiary-education age. They lock in structured savings toward a defined future cost (university tuition), with payor-protection riders ensuring the maturity payout still happens if the parent dies or suffers TPD during the accumulation period.
Structure
A typical education endowment runs 15-20 years with regular premiums paid by the parent. The maturity date is set to coincide with the child's expected tertiary-education start. Maturity value combines a guaranteed component (typically a fraction of total premiums paid) with projected bonuses from the insurer's participating fund.
Optional partial payouts are sometimes available — e.g. a tranche at age 18 for foundation year, another at age 19, etc. This matches the actual cash-flow need across university years.
Sizing for Singapore vs overseas
Cost benchmarks for university:
Singapore local universities (NUS, NTU, SMU, SUTD, SIT, SUSS) — tuition fees for Singapore Citizens with MOE subsidy currently around SGD 8-9k/year, with subsidies that step down for PRs and rise materially for international students. Plus living costs of SGD 5-10k/year if staying with parents, more if hostel/rental. Total: SGD 50-100k for a 4-year degree depending on program and living arrangements. UK universities — typically GBP 25-40k/year tuition for international students. Plus living costs GBP 12-18k/year. Total: GBP 150-220k+ for a 3-year degree, materially higher for medicine / engineering. US universities — public flagship ~USD 35-55k/year all-in; private universities USD 60-90k/year. Total: USD 200-400k for a 4-year degree. Australia / NZ universities — AUD 30-45k/year tuition + living. Total: AUD 150-200k for 3 years.
Adjust for inflation between today and the year-of-need (tertiary costs typically rise faster than CPI). Set the endowment target conservatively — surplus funds at maturity can flow to other uses; shortfalls require scrambling.
Payor-protection is critical
The whole point of an education endowment is to guarantee funding regardless of what happens to the parent. The payor-protection rider waives future premiums if the premium-payer dies or suffers defined TPD during the policy term. The maturity payout still happens on schedule.
Some products also accelerate the maturity payout to the surviving parent / child on the payer's death — useful if the family needs immediate access to the accumulated cash value rather than waiting for the original maturity date.
Education endowment vs alternative routes
Common alternatives:
Low-cost ETF investing via Endowus, Syfe or direct brokerage. Historically higher returns over 20-year horizons; requires discipline to actually invest and not withdraw early. SRS-funded structured savings — tax-optimised if SRS withdrawal timing aligns with retirement, less so if early withdrawal for child\'s education triggers penalties. Edusave (Singapore Citizens only) — government top-up scheme, modest annual contribution, restricted to MOE-recognised education uses. Education savings + term-life parent cover — separate the savings vehicle from the protection. Cheapest combined structure for disciplined parents who will actually invest the savings.
Education endowments make sense for parents who want a bundled structured-savings + payor-protection solution and value the discipline imposed by regular policy premiums.
Frequently asked questions What is an education endowment? A long-term endowment policy timed to mature when a child reaches tertiary-education age (typically 18-21). The maturity payout funds university tuition and living costs. Typically includes a payor-protection rider so the maturity payout still happens if the parent (premium payer) dies or suffers TPD during the policy term. How much should I aim for? Target the projected future tertiary cost. Singapore local university tuition + living costs typically run SGD 50-100k for a 4-year degree. Overseas universities (UK, US, Australia) typically SGD 200-400k+. Adjust for projected inflation between now and the year-of-need. When should I start? The earlier the better. A policy started when your child is a newborn has 18-21 years to compound; starting at age 8 leaves only 10-13 years. Annual premium for the same target maturity is materially lower the earlier you start. What is a payor-protection rider? A rider that waives premium and may also accelerate maturity if the premium-payer (typically the parent) dies or suffers Total & Permanent Disability during the policy term. Critical for education endowments — the payout must still happen for the child even if the parent isn't around to pay premiums. Can I use CPF or SRS for an education endowment? Some products are CPFIS-approved; SRS-funded education endowments are less common because SRS withdrawals are restricted to retirement age. Cash-funded is the most flexible structure for education-timed maturity. Information from MAS-licensed insurer Product Summaries and MOE / Singapore university published fees as of 2026. Overseas university cost ranges are illustrative — confirm current fees with the specific institution. Not financial advice. Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/endowment-policy-singapore/
Endowment Policy Singapore — How Endowments Work, Short-Term vs Long-Term & Comparison Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Endowment Endowment policies in Singapore
Endowment policies are fixed-term structured savings products with a small death-benefit component. They sit between pure savings vehicles (FDs, SSBs) and pure protection products (term life). 8 active endowments from MAS-licensed Singapore insurers sit in the policy library; this guide explains how they work and when they fit.
How endowments work
An endowment policy takes premiums over a defined accumulation period (single-premium at the start, or regular premiums monthly/annually) and pays out at the maturity date. The maturity payout typically combines a guaranteed component (a fraction of premiums paid) with non-guaranteed bonuses from the insurer's participating fund.
If the insured dies during the policy term, a death benefit is paid — typically the higher of the sum assured or accumulated value at the time. The mortality component is small compared to term or whole life; endowments are primarily a savings product.
Short-term endowments Short-term endowments mature in 3-10 years, typically using single-premium structures. They're often marketed as CPF-friendly cash alternatives — buyers move CPF OA funds (which earn 2.5% guaranteed) into a short-term endowment seeking a higher projected return.
Trade-offs: surrender penalties in years 1-2 can wipe out projected returns; the non-guaranteed portion can be revised downwards; CPF OA already earns a guaranteed government-backed rate that's hard to beat after adjusting for the endowment's bundled charges. Short-term endowments fit only buyers willing to lock in the full term.
Long-term endowments
Long-term endowments run 15-25 years with regular premium payments. They fit goal-based savings — funding a child's education, building a retirement supplement, or accumulating capital for a future life event. The longer horizon gives the participating fund time to compound and the guaranteed component time to catch up to total premiums paid.
Long-term endowments compete against:
Index funds / ETFs — historically higher returns over 20-year horizons but more volatility and require disciplined investing. Investment-linked policies — higher equity exposure but unbundled charges and no guaranteed component. SRS-funded products — tax-deductible contributions if structured as SRS-eligible. Education endowments Education endowments are long-term endowments timed to mature when a child reaches tertiary-education age. They typically include payor-protection riders so the maturity payout still happens if the parent (premium payer) dies or suffers TPD during the policy term.
Sizing should target the expected tertiary cost — Singapore local university typically SGD 50-100k for 4 years; overseas universities SGD 200-400k+. Inflation compounds, so the target maturity value should be inflation-adjusted to the year-of-need.
Reading the Product Summary
Every endowment Product Summary on compareFIRST.sg illustrates the projected maturity and surrender values under two bonus-rate scenarios. Five things to check:
Guaranteed maturity value — the only figure backed by the insurer's balance sheet. Surrender values by year — the cost of exiting early. Bonus history — has the insurer revised illustrated rates downwards in the last 5-10 years? Premium-payment vs accumulation period — some products take premiums for only the first 5-10 years but mature at year 15-25. CPFIS-approval and SRS-eligibility — affects which funding sources you can use. Endowment products in the policy library Income Insurance AstraLink Endowment
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Income Insurance Gro Saver Flex Pro Endowment
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Prudential Singapore PRUActive Saver
III Endowment
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab AIA Singapore AIA Retirement Saver
(IV) Endowment
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab Singlife Singlife
Heritage Income Endowment
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Singlife Smart
Saver Endowment
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Frequently asked questions What is an endowment policy in Singapore? A fixed-term savings policy that combines structured premium contributions with a guaranteed payout at maturity, plus a small death-benefit component. Endowments are designed primarily as savings products with insurance as a secondary feature — different from term life (pure protection) or whole life (permanent protection + savings). Short-term vs long-term endowment? Short-term endowments mature in 3-10 years and are typically single-premium structures designed as a CPF-friendly cash parking alternative. Long-term endowments run 15-25 years with regular premiums and are used for goal-based savings (education funding, planned retirement supplement, structured asset accumulation). Are endowment returns guaranteed? Partial. The guaranteed maturity value is typically a fraction of premiums paid; the projected maturity value (including non-guaranteed bonuses) is illustrated under two scenarios in the Product Summary. As with par whole life, the higher scenario assumes optimistic bonus rates that have historically been revised downwards. How do endowments compare to fixed deposits or bonds? Endowments are not directly comparable to FDs or bonds. They have a longer lock-in horizon, structural surrender penalties in early years, and combine non-guaranteed bonus participation with a small mortality cover. For pure capital preservation with predictable return, SSB or FDs are simpler. For long-horizon disciplined savings with mortality cover, endowments fit. What is an education endowment? A long-term endowment structured to mature when a child reaches tertiary education age (typically 18-21). Parents contribute regular premiums over 15-20 years; the maturity value funds tuition. Some products have triggers (e.g. waiver of premium on parent's death/TPD so the maturity payout still happens). Can I use CPF to fund an endowment? Some — but not all — endowments accept CPF Ordinary Account funds via CPFIS. Most accepting products are single-premium structures. Regular-premium endowments rarely accept CPF. Check the specific product's CPFIS-approval status on the Product Summary. What happens if I surrender an endowment early? You receive the surrender value at the time of surrender, which in early years is typically much less than total premiums paid. The crossover point where surrender value exceeds total premiums is typically 7-12 years into the policy under the lower-bonus illustration scenario. Surrender penalties are highest in years 1-3. Sources
Endowment structures and projected values drawn from MAS-licensed insurer Product Summaries on compareFIRST.sg. Projected bonus scenarios are non-guaranteed. This page is informational only and does not constitute financial advice.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/faq/
Life Insurance Singapore FAQ — Term, Whole Life, ILP & Endowment Questions Answered Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · FAQ Life insurance in Singapore — frequently asked questions 16 questions covering the basics, premiums, policy mechanics, exclusions, riders, buying channels and compliance. Source-cited where applicable — for binding figures always consult the insurer or a MAS-licensed financial adviser. Basics What types of life insurance are sold in Singapore? + Four main shapes: term life (pure protection for a fixed period), whole life (permanent coverage with cash-value build-up), investment-linked policies / ILP (protection plus sub-fund investing), and endowment / retirement-savings (fixed-term structured savings with a small death-benefit component). Each MAS-licensed insurer typically offers products in all four categories. Who needs life insurance in Singapore? + Anyone with dependants (children, ageing parents, spouse), a mortgage, business loan personal guarantees, or estate-planning needs. The MOH / LIA Protection Gap Study suggests most working-age Singaporeans are materially under-insured on mortality and critical illness. How much life insurance cover do I need? + Common Singapore rules of thumb: 8-10x annual income for income-replacement; full outstanding mortgage + 3-5 years of living expenses; or a sum-assured-needs analysis from a MAS-licensed financial adviser. Adjust for existing CPF DPS coverage, employer group cover, and dependants' future education costs. Premiums What drives life insurance premiums in Singapore? + Age (single biggest factor), gender, smoker status, sum assured, coverage term, policy type (term cheapest, whole life most expensive per dollar of cover), included riders (Critical Illness, TPD, Waiver of Premium), and underwriting class. Loadings apply for high-BMI, pre-existing conditions, or high-risk occupations. Are smoker premiums really higher? + Yes — typically much higher than non-smoker premiums for the same sum assured. Smoker status is part of underwriting; non-disclosure can void cover under the Insurance Act 1966. Policies What is a multiplier benefit in whole life insurance? + A multiplier increases the death and TPD sum assured during a defined window (typically until age 70 or 80). A 2x multiplier on SGD 250,000 base sum assured pays SGD 500,000 if death occurs during the multiplier period, and reverts to the base SGD 250,000 (plus accrued bonuses) afterwards. What is a participating (par) policy? + A participating whole life policy shares in the insurer's life-fund profits via annual reversionary bonuses (added to guaranteed sum assured) and a terminal bonus on claim or surrender. Both bonus rates are non-guaranteed. A non-participating policy pays only the guaranteed sum. What is the free-look period in Singapore? + Standard 14 days from policy delivery in Singapore. During the free-look period, you can cancel and receive a refund of premiums paid (less any medical-examination fees and similar charges incurred by the insurer). Exact wording varies — check the Product Summary. Exclusions What is the suicide clause? + Most Singapore life policies exclude death by suicide for the first 12 or 13 months of cover, with premiums refunded if a claim arises during that window. The exact wording varies — verify against the policy contract. What pre-existing conditions are excluded? + Cover is subject to fair presentation under the Insurance Act 1966. Material non-disclosure of pre-existing conditions on the proposal form can void cover. The Product Summary lists which conditions are excluded outright vs which carry premium loadings. Riders What is the difference between Total & Permanent Disability (TPD) "any occupation" and "own occupation"? + "Any occupation" requires inability to perform any reasonable occupation suited to your background — harder to claim. "Own occupation" requires inability to perform your specific pre-disability occupation — easier to claim. Most Singapore default TPD uses "any occupation"; the difference is in the rider wording. How many critical illnesses are covered by Singapore CI riders? + The LIA publishes 37 common-defined critical illnesses as the floor. Most Singapore products cover 100-160+ conditions, but definitions vary — read the rider wording rather than the marketing count. Some products also offer early-stage / intermediate-stage CI cover. Buying Can I buy life insurance directly online in Singapore? + Yes — the LIA / MAS DIRECT range allows direct purchase of standardised term + whole life products without commission. compareFIRST.sg lists every DIRECT product. For non-DIRECT products, you can buy via insurer customer service or a MAS-licensed financial adviser. What is compareFIRST.sg? + A MAS- and LIA-backed comparison portal where every MAS-licensed Singapore life insurer publishes a standardised Product Summary for every active retail product. It is the authoritative source for product features, premium illustrations and exclusions in Singapore. Compliance Is Life Insurance Singapore a MAS-licensed financial adviser? + No. Lifeinsurance.com.sg is an independent comparison surface. We are not a MAS-licensed financial adviser firm and we do not provide financial advice. For personalised recommendations, consult a MAS-licensed FA — search the MAS Financial Institutions Directory for licensed firms. How do you handle my personal data (PDPA)? + In accordance with the Personal Data Protection Act 2012. Information you submit via /quotes/ is shared only with the MAS-licensed insurer or financial adviser preparing your quote. See our Privacy Policy for full details. Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/index.html
Compare Life Insurance Singapore 2026 — Term, Whole Life & ILP from MAS-Licensed Insurers Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Independent comparison
Compare life insurance in Singapore
Term, whole life, investment-linked and endowment plans from every MAS-licensed insurer.
Sourced from each insurer's Product Summary on compareFIRST.sg — no fabricated quotes,
no fake ratings.
15 MAS-licensed insurers 50 active products Clause-level search
Start comparing
See term life options
Information only — not financial advice. For personalised recommendations, consult a MAS-licensed financial adviser.
Wordings from every MAS-licensed Singapore life insurer Pick the shape that fits your need Singapore life insurance comes in four major shapes. Each solves a different problem — start where your liability sits. Term life
Pure-protection cover for a fixed period (10-30 yrs or to a target age). Least expensive per dollar of cover. Right for: income-replacement, mortgage-protection, dependent-children years.
Term life guide Whole life
Permanent coverage with a cash-value build-up. Participating (par) policies share in life-fund profits. Multipliers boost cover during the working years. Right for: lifelong protection plus structured savings.
Whole life guide ILP & endowment
Investment-linked policies combine protection with sub-fund investing. Endowment is fixed-term structured savings with a small death benefit. Right for: blended protection-plus-investment goals.
How to compare Different buyers, different starting points Residency status, CPF eligibility and the products available to you differ. Start with the right shape. For Singapore Citizens & PRs Full product universe All 50 active products across 15 MAS-licensed insurers are open to you. CPF-eligible products Some endowment and retirement-savings policies accept CPF Ordinary or Special Account funds. DIRECT range DIRECT branded term + whole life policies (DIRECT - AIA Term Cover, DIRECT - GREAT Term, etc.) offer LIA-standardised wordings at lower distribution cost. For Expats & Foreigners Underwriting may differ Some insurers apply additional underwriting or residency requirements for non-SC / non-PR buyers — check directly with the insurer or your adviser. Bermuda-domiciled options Manulife (International) Bermuda and Transamerica Life Bermuda offer SGD-denominated whole life with international claim acceptance. Portable cover If you may leave Singapore, ask about cover continuation and currency-conversion provisions — these vary by insurer. Why compare here Most Singapore life-insurance comparison sites copy headline figures from insurer brochures. We work from the source wording. MAS / LIA-sourced Every product cited back to its standardised Product Summary on compareFIRST.sg — the MAS/LIA-backed comparison portal. Clause-level depth Compare exclusions, multiplier shapes, rider definitions across insurers — not just headline premiums. No fabrication No invented premium quotes. No fake star ratings. Every SGD figure carries a source link with a verified date. All 15 MAS-licensed Singapore life insurers Click any insurer for its profile, MAS licence and product wordings. 5 of 15 have wordings ingested into the policy library so far. AIA Singapore 10 wordings China Life Singapore Ingestion pending China Taiping Ingestion pending Etiqa Insurance Ingestion pending FWD Singapore Ingestion pending Great Eastern 12 wordings HSBC Life Ingestion pending Income Insurance 8 wordings Manulife Singapore Ingestion pending Manulife (International) Bermuda Ingestion pending Prudential Singapore 10 wordings Singlife 10 wordings Sun Life Singapore Ingestion pending Tokio Marine Life Ingestion pending Transamerica Life Bermuda Ingestion pending Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/insurer/aia/
AIA Singapore Life Insurance Singapore — Products, Wordings & Reviews Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Life insurer profile AIA Singapore AIA Singapore Private Limited aia.com.sg 10 active AIA Singapore products Each product ingested from its published Product Summary on compareFIRST.sg. Click into any card for the full structured-fact breakdown. AIA Singapore Direct - AIA Term
Cover
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Singapore AIA Guaranteed Protect
Plus (IV)
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab AIA Singapore AIA Platinum Retirement
Elite
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Singapore AIA Platinum Wealth
Elite 2.0
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Singapore AIA Pro Achiever 3.0
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Oct 2024 Opens in a new tab AIA Singapore AIA Pro Lifetime
Protector (II)
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Oct 2024 Opens in a new tab AIA Singapore AIA Retirement Saver
(IV)
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Singapore AIA Secure Flexi Term
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Singapore AIA Smart Flexi Rewards
(II)
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Singapore AIA Smart Wealth Builder
Series
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab Verification AIA Singapore is a MAS-licensed insurer operating in Singapore. Verify the current licence status, conditions and authorised business lines on the
MAS Financial Institutions Directory .
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For personalised recommendations, consult a MAS-licensed financial adviser. Always verify policy details with the insurer before purchase.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/insurer/china-life-singapore/
China Life Singapore Life Insurance Singapore — Products, Wordings & Reviews Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Life insurer profile China Life Singapore China Life Insurance (Singapore) Pte. Ltd. chinalife.com.sg No active China Life Singapore products yet on the policy library Wordings will be ingested in the next refresh cycle. Verification China Life Singapore is a MAS-licensed insurer operating in Singapore. Verify the current licence status, conditions and authorised business lines on the
MAS Financial Institutions Directory .
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For personalised recommendations, consult a MAS-licensed financial adviser. Always verify policy details with the insurer before purchase.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/insurer/china-taiping/
China Taiping Life Insurance Singapore — Products, Wordings & Reviews Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Life insurer profile China Taiping China Taiping Insurance (Singapore) Pte. Ltd. sg.cntaiping.com No active China Taiping products yet on the policy library Wordings will be ingested in the next refresh cycle. Verification China Taiping is a MAS-licensed insurer operating in Singapore. Verify the current licence status, conditions and authorised business lines on the
MAS Financial Institutions Directory .
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For personalised recommendations, consult a MAS-licensed financial adviser. Always verify policy details with the insurer before purchase.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/insurer/etiqa/
Etiqa Insurance Life Insurance Singapore — Products, Wordings & Reviews Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Life insurer profile Etiqa Insurance Etiqa Insurance Pte. Ltd. etiqa.com.sg Direct-channel digital brand TIQ also lives under Etiqa; tagged on
per-product row. No active Etiqa Insurance products yet on the policy library Wordings will be ingested in the next refresh cycle. Verification Etiqa Insurance is a MAS-licensed insurer operating in Singapore. Verify the current licence status, conditions and authorised business lines on the
MAS Financial Institutions Directory .
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For personalised recommendations, consult a MAS-licensed financial adviser. Always verify policy details with the insurer before purchase.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/insurer/fwd/
FWD Singapore Life Insurance Singapore — Products, Wordings & Reviews Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Life insurer profile FWD Singapore FWD Singapore Pte. Ltd. fwd.com.sg No active FWD Singapore products yet on the policy library Wordings will be ingested in the next refresh cycle. Verification FWD Singapore is a MAS-licensed insurer operating in Singapore. Verify the current licence status, conditions and authorised business lines on the
MAS Financial Institutions Directory .
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For personalised recommendations, consult a MAS-licensed financial adviser. Always verify policy details with the insurer before purchase.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/insurer/great-eastern/
Great Eastern Life Insurance Singapore — Products, Wordings & Reviews Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Life insurer profile Great Eastern The Great Eastern Life Assurance Company Limited greateasternlife.com 12 active Great Eastern products Each product ingested from its published Product Summary on compareFIRST.sg. Click into any card for the full structured-fact breakdown. Great Eastern DIRECT -
GREAT Life II
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern DIRECT -
GREAT Term
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern Great
Eastern Cares Term Plan
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern GREAT Flexi
Goal
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern GREAT Flexi
Protect Series 3
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern GREAT Life
Advantage 4
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern GREAT Life
Multiplier
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern GREAT
Term
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern GREAT
Wealth Advantage 4
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern GREAT
Wealth Multiplier 3
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern Prestige
Legacy Index
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern Prestige
Life Gold 4 (SGD/USD)
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Verification Great Eastern is a MAS-licensed insurer operating in Singapore. Verify the current licence status, conditions and authorised business lines on the
MAS Financial Institutions Directory .
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For personalised recommendations, consult a MAS-licensed financial adviser. Always verify policy details with the insurer before purchase.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/insurer/hsbc-life/
HSBC Life Life Insurance Singapore — Products, Wordings & Reviews Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Life insurer profile HSBC Life HSBC Life (Singapore) Pte. Ltd. insurance.hsbc.com.sg Formerly AXA Insurance Singapore; acquired by HSBC 2022. No active HSBC Life products yet on the policy library Wordings will be ingested in the next refresh cycle. Verification HSBC Life is a MAS-licensed insurer operating in Singapore. Verify the current licence status, conditions and authorised business lines on the
MAS Financial Institutions Directory .
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For personalised recommendations, consult a MAS-licensed financial adviser. Always verify policy details with the insurer before purchase.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/insurer/income/
Income Insurance Life Insurance Singapore — Products, Wordings & Reviews Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Life insurer profile Income Insurance Income Insurance Limited income.com.sg Formerly NTUC Income; corporatised + rebranded 2022 as Income
Insurance Limited. 8 active Income Insurance products Each product ingested from its published Product Summary on compareFIRST.sg. Click into any card for the full structured-fact breakdown. Income Insurance AstraLink
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Income Insurance Complete Life Secure
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Income Insurance Gro Retire Flex Pro
II
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Income Insurance Gro Saver Flex Pro
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Income Insurance Invest Flex
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Income Insurance Provenance Solitaire
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Income Insurance Star Term Protect
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Income Insurance TermLife Solitaire
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Verification Income Insurance is a MAS-licensed insurer operating in Singapore. Verify the current licence status, conditions and authorised business lines on the
MAS Financial Institutions Directory .
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For personalised recommendations, consult a MAS-licensed financial adviser. Always verify policy details with the insurer before purchase.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/insurer/manulife-bermuda/
Manulife (International) Bermuda Life Insurance Singapore — Products, Wordings & Reviews Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Life insurer profile Manulife (International) Bermuda Manulife (International) Limited (Bermuda) manulife.com Bermuda-domiciled HNW product line distributed in SG; separate legal
entity from local Manulife (Singapore) Pte. Ltd. No active Manulife (International) Bermuda products yet on the policy library Wordings will be ingested in the next refresh cycle. Verification Manulife (International) Bermuda is a MAS-licensed insurer operating in Singapore. Verify the current licence status, conditions and authorised business lines on the
MAS Financial Institutions Directory .
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For personalised recommendations, consult a MAS-licensed financial adviser. Always verify policy details with the insurer before purchase.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/insurer/manulife/
Manulife Singapore Life Insurance Singapore — Products, Wordings & Reviews Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Life insurer profile Manulife Singapore Manulife (Singapore) Pte. Ltd. manulife.com.sg No active Manulife Singapore products yet on the policy library Wordings will be ingested in the next refresh cycle. Verification Manulife Singapore is a MAS-licensed insurer operating in Singapore. Verify the current licence status, conditions and authorised business lines on the
MAS Financial Institutions Directory .
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For personalised recommendations, consult a MAS-licensed financial adviser. Always verify policy details with the insurer before purchase.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/insurer/prudential/
Prudential Singapore Life Insurance Singapore — Products, Wordings & Reviews Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Life insurer profile Prudential Singapore Prudential Assurance Company Singapore (Pte) Limited prudential.com.sg 10 active Prudential Singapore products Each product ingested from its published Product Summary on compareFIRST.sg. Click into any card for the full structured-fact breakdown. Prudential Singapore PRUActive Life V
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 1 Mar 2026 Opens in a new tab Prudential Singapore PRUActive
LinkGuard
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Prudential Singapore PRUActive Retirement
II
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Prudential Singapore PRUActive Saver
III
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Prudential Singapore PRUActive Term
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Prudential Singapore PRULink
InvestGrowth
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Prudential Singapore PRUVantage Legacy
Index
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 2 Sept 2025 Opens in a new tab Prudential Singapore PRUVantage Wealth
III
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Prudential Singapore PRUVital Cover
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Prudential Singapore PRUWealth Plus
(SGD)
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Verification Prudential Singapore is a MAS-licensed insurer operating in Singapore. Verify the current licence status, conditions and authorised business lines on the
MAS Financial Institutions Directory .
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For personalised recommendations, consult a MAS-licensed financial adviser. Always verify policy details with the insurer before purchase.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/insurer/singlife/
Singlife Life Insurance Singapore — Products, Wordings & Reviews Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Life insurer profile Singlife Singapore Life Ltd. singlife.com Merged Aviva Singapore retail life business 2022; sole brand for
combined book. 10 active Singlife products Each product ingested from its published Product Summary on compareFIRST.sg. Click into any card for the full structured-fact breakdown. Singlife DIRECT -
Singlife Term Life
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife DIRECT -
Singlife Whole Life
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Singlife Elite
Term II
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Singlife Flexi
Life Income II
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Singlife
Heritage Income
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Singlife Legacy
Indexed Income
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Singlife Savvy
Invest II
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Singlife Smart
Saver
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Singlife
Steadypay Saver
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Singlife Whole
Life Choice
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Verification Singlife is a MAS-licensed insurer operating in Singapore. Verify the current licence status, conditions and authorised business lines on the
MAS Financial Institutions Directory .
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For personalised recommendations, consult a MAS-licensed financial adviser. Always verify policy details with the insurer before purchase.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/insurer/sun-life-singapore/
Sun Life Singapore Life Insurance Singapore — Products, Wordings & Reviews Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Life insurer profile Sun Life Singapore Sun Life Assurance Company of Canada Singapore Branch sunlife.com.sg Singapore branch of Sun Life Assurance Company of Canada — HNW +
Bermuda product distribution. No active Sun Life Singapore products yet on the policy library Wordings will be ingested in the next refresh cycle. Verification Sun Life Singapore is a MAS-licensed insurer operating in Singapore. Verify the current licence status, conditions and authorised business lines on the
MAS Financial Institutions Directory .
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For personalised recommendations, consult a MAS-licensed financial adviser. Always verify policy details with the insurer before purchase.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/insurer/tokio-marine-life/
Tokio Marine Life Life Insurance Singapore — Products, Wordings & Reviews Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Life insurer profile Tokio Marine Life Tokio Marine Life Insurance Singapore Ltd. tokiomarine.com No active Tokio Marine Life products yet on the policy library Wordings will be ingested in the next refresh cycle. Verification Tokio Marine Life is a MAS-licensed insurer operating in Singapore. Verify the current licence status, conditions and authorised business lines on the
MAS Financial Institutions Directory .
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For personalised recommendations, consult a MAS-licensed financial adviser. Always verify policy details with the insurer before purchase.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/insurer/transamerica-bermuda/
Transamerica Life Bermuda Life Insurance Singapore — Products, Wordings & Reviews Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Life insurer profile Transamerica Life Bermuda Transamerica Life (Bermuda) Ltd. transamericalifebermuda.bm Bermuda-domiciled HNW universal life distributed in SG via licensed
brokers / FAs. No active Transamerica Life Bermuda products yet on the policy library Wordings will be ingested in the next refresh cycle. Verification Transamerica Life Bermuda is a MAS-licensed insurer operating in Singapore. Verify the current licence status, conditions and authorised business lines on the
MAS Financial Institutions Directory .
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For personalised recommendations, consult a MAS-licensed financial adviser. Always verify policy details with the insurer before purchase.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/investment-linked-policy-singapore/
Investment-Linked Policy (ILP) Singapore — Complete Guide & Product Comparison Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · ILP Investment-linked policies (ILP) in Singapore
Investment-linked policies combine a life-insurance protection layer with sub-fund investing in a single product wrapper. They're the third-largest retail life-insurance category in Singapore after term and whole life. 10 active ILPs from MAS-licensed Singapore insurers sit in the policy library; this guide explains how they work, when they fit and how to compare them.
How ILPs work
Each premium you pay into an ILP is split between two destinations:
Insurance charges — cost of insurance (COI), policy/admin fees, distribution costs, surrender charges in early years. These come off the top. Investment component — the remainder is allocated across sub-funds the policyholder chooses, with each sub-fund carrying its own ongoing management fee.
The account value is the current cash value of all sub-fund units. The death benefit is typically the higher of the sum assured or the account value (some products pay sum assured + account value — read the Product Summary). As the insured ages, COI charges rise, eating more of each premium.
Single-premium vs regular-premium Single-premium ILPs take one lump-sum payment at policy issue. Subsequent premiums are optional top-ups. Fits buyers with capital ready to deploy (proceeds from a property sale, bonus, inheritance). Charges are front-loaded but lifetime cost is generally lower than regular-premium.
Regular-premium ILPs take ongoing premiums monthly, quarterly, or annually. Fits salary-funded buyers building cover and investment in parallel. Charges spread across the premium-paying years; break-even on cash value often takes 5-10 years because early years carry the heaviest insurance charges.
ILP charges to understand
ILP charges stack across multiple layers. Read the Product Highlights Sheet for the specific charges on the product you're considering — but in general expect:
Bid-offer spread — the gap between unit purchase and redemption prices. Effectively a transaction cost on every premium. Cost of insurance (COI) — covers the mortality / protection component. Scales with age. Policy admin fee — flat annual charge. Distribution / acquisition charge — front-loaded in early years to recover commissions and acquisition costs. Surrender charge — typically high in years 1-5, declining to zero by year 10-15. Fund management fee — built into the unit price of each sub-fund; typically 1-2% p.a. Switching fee — small fee on fund switches beyond a free-switch limit.
The total ongoing cost can be substantial relative to a direct fund purchase + separate term policy. The ILP wrapper adds convenience and bundled features (e.g. lock-in of insurability, premium holidays); whether that's worth the cost is buyer-specific.
Sub-fund choice
Each MAS-licensed Singapore insurer offers a curated sub-fund list — typically equities (regional, global, sector), fixed income (SGD, USD, EM), multi-asset, and target-date / lifestyle funds. Sub-fund management fees compound on top of the ILP policy-level charges, so a 1.5% sub-fund fee combined with a 1% policy charge means at least 2.5% per year in fees before any market return.
Switching between sub-funds is typically allowed up to a free-switch quota (e.g. 4 free per year), with small charges thereafter. Some insurers allow auto-rebalancing toward a target asset allocation.
ILP vs separate term + direct investing
The most common alternative to an ILP is "buy term and invest the rest" — separate term-life cover from an MAS-licensed insurer plus low-cost fund investing through a robo-adviser (Endowus, Syfe, StashAway) or directly via brokerage (Tiger, Moomoo, Interactive Brokers). For disciplined investors, the separate approach is typically materially cheaper over 20-30 year horizons.
ILPs make more sense for buyers who:
Want a single bundled product rather than managing two separately. Value the locked-in mortality cover regardless of future health changes. Want to use CPF OA or SRS funds and a CPFIS-approved ILP is the most convenient route. Will not actually invest the premium difference if buying term separately. ILP products in the policy library 10 active ILPs from MAS-licensed Singapore insurers, each ingested from its published Product Summary on compareFIRST.sg. Income Insurance AstraLink ILP
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern GREAT
Wealth Advantage 4 ILP
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern GREAT
Wealth Multiplier 3 ILP
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Income Insurance Invest Flex ILP
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab AIA Singapore AIA Platinum Wealth
Elite 2.0 ILP
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab Prudential Singapore PRULink
InvestGrowth ILP
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Prudential Singapore PRUVantage Wealth
III ILP
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Prudential Singapore PRUWealth Plus
(SGD) ILP
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Frequently asked questions What is an investment-linked policy in Singapore? An ILP combines a life-insurance protection layer with a sub-fund investment component. Premiums are split between insurance charges (cost of insurance, policy fees, distribution costs) and investment into sub-funds the policyholder chooses. The cash value moves with sub-fund performance; the death benefit is typically the higher of sum assured or account value. Single-premium vs regular-premium ILP — what's the difference? A single-premium ILP takes one lump-sum upfront and invests it; subsequent premiums are optional. A regular-premium ILP takes ongoing premiums at defined intervals. Single-premium fits buyers with capital ready to deploy; regular-premium fits salary-funded disciplined savers. Charges work differently — single-premium is front-loaded; regular-premium can have a multi-year break-even. What charges does an ILP carry? Common ILP charges include: a bid-offer spread on units, an annual fund management fee (typically 1-2% p.a. on each sub-fund), an annual policy/admin fee, cost-of-insurance charges that scale with age, and surrender charges in early years. The total expense ratio matters more than headline charges — read the Product Highlights Sheet carefully. How do ILP sub-funds work? Each insurer offers a curated list of sub-funds — typically equities, fixed income, multi-asset and target-date funds. Policyholders choose the mix at policy issue and can usually switch funds (with switching limits and sometimes a switching fee). Sub-funds are themselves managed funds with their own management fees that compound on top of the ILP's policy-level fees. Is an ILP better than buying funds directly? Depends. ILPs bundle insurance and investing in one wrapper with bundled fees. Buying term insurance separately and investing in low-cost funds (Endowus, Syfe, direct ETFs) is typically cheaper over long horizons but requires the discipline to actually invest the savings. For disciplined investors, buy-term-and-invest-the-difference usually wins on cost. For buyers who want a one-product solution, ILPs can fit. Can I use CPF or SRS to fund an ILP? Most CPF Investment Scheme (CPFIS) approved ILPs accept CPF Ordinary Account funds. Many ILPs accept SRS funds, which contributes to the SRS tax-deduction (up to SGD 15,300/year for SC/PR, SGD 35,700 for foreigners). Eligibility is product-specific — check the Product Summary or our /topic/cpf-eligibility/ topic page. What happens if my ILP sub-fund values fall? The account value declines correspondingly. If account value falls below the cost-of-insurance threshold, the policy can lapse — even if you keep paying premiums. ILPs are not capital-guaranteed. Older buyers face rising COI charges that accelerate this risk. Read the Product Highlights Sheet on shortfall risk before purchasing. Sources & methodology
ILP charges and mechanics drawn from MAS-licensed insurer Product Summaries and Product Highlights Sheets published on compareFIRST.sg . This page is informational only and does not constitute financial advice. For binding fee schedules and personalised recommendations, consult the insurer or a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/joint-life-insurance-singapore/
Joint Life Insurance Singapore — How Two-Life Policies Work, Pros, Cons & Alternatives Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Joint life Joint life insurance in Singapore
Joint life insurance covers two people on a single policy. It's less common in Singapore than two-separate-policies but has specific use-cases: mutual mortgage protection, business-partnership cover, and estate-planning whole life for high-net-worth couples. This guide breaks down the two main structures and when each fits.
The two structures Joint life first-death pays the sum assured when the first of the two insured lives dies. The policy then terminates and the surviving insured has no further cover. Cheaper than two single-life policies of the same combined sum assured because the insurer only ever pays once.
Joint life second-death (also called survivorship) pays the sum assured only when both insured lives have died. Useful for estate-planning purposes — typically as a whole life structure funding estate-tax-equivalent costs or charitable bequests to the next generation.
When joint life fits Mutual mortgage protection. Couple buying a property where both salaries service the loan and the survivor would sell on first death. Joint first-death decreasing term sized to the mortgage matches this need cheaply. Business cross-purchase agreements. Two business partners with cross-purchase clauses funded by joint life on each other. Pays out to fund the buy-out of the deceased partner's stake. Estate-planning whole life. Wealthy couples wanting permanent coverage that pays to the next generation regardless of which spouse dies first. Second-death whole life is the right shape. Why two separate policies usually wins
For most Singapore couples, two separate single-life term policies dominate joint life:
Each insured retains independent coverage after the first death. Sum assured can be tailored to each spouse's individual income / liability profile. Riders (CI, TPD, WoP) can be chosen separately for each insured. Divorce-proof — no shared policy to unwind. Underwriting outcomes don't compound — one spouse's high BMI doesn't load the other's premium.
The cost saving of joint life vs two single-life policies is typically smaller than buyers expect — usually a modest premium reduction for the equivalent combined sum assured. For most Singapore buyers, the flexibility loss outweighs the savings.
Singapore joint life availability
Joint life is not as openly marketed in Singapore as single-life. Where it's available, it typically requires routing through an FA channel rather than direct-to-consumer purchase. Most products in the lifeinsurance.com.sg policy library are single-life. For joint-life-specific quotes, request a personalised shortlist via our free quote tool and we'll route to insurers who offer joint structures.
Frequently asked questions What is joint life insurance? A single policy covering two lives — typically spouses or business partners. There are two structures: joint-life first-death (pays on the first insured's death, policy ends) and joint-life second-death / survivorship (pays only when the second insured dies, useful for estate-planning purposes like leaving a legacy or paying inheritance-equivalent costs). Are joint life policies common in Singapore? Joint life is less common in Singapore than in some Western markets — most Singapore couples buy two separate single-life policies. Joint structures appear primarily in: business-protection arrangements (key-person, cross-purchase agreements), estate-planning whole life policies for wealthy couples, and some legacy / wealth-transfer products. Joint life vs two separate policies — which is better? Two separate single-life policies typically offer more flexibility: independent coverage amounts, independent rider choices, separate beneficiary nominations, and you don't lose all cover when the first insured dies. Joint life is cheaper per dollar of combined sum assured (insurer only pays once on first-death structures) but loses cover after the first claim. For most Singapore couples, two separate term policies dominate. When does joint life make sense? When the protection need is mutual and ends with the first death — e.g. mortgage protection for a couple where both salaries are needed to service the loan and the survivor would sell the property. Or in estate-planning where the second-death payout funds estate taxes / charitable bequests. Or in business cross-purchase arrangements between partners. Can I add a critical illness rider to a joint life policy? Some joint policies offer CI riders covering both lives, paying on the first CI diagnosis (similar to first-death structure). Definitions and payout mechanics vary materially by product. Read the rider wording — joint CI is more complex than single-life CI. What happens if the marriage / partnership ends? Joint life policies typically cannot be split into two separate policies after issue. Options on divorce / partnership dissolution: continue the policy (with one party paying premiums), surrender for cash value (if whole life), or let it lapse. This is a major reason most advisers recommend two separate policies even for married couples. Sources
General joint life mechanics drawn from MAS-licensed insurer Product Summaries on compareFIRST.sg. This page is informational only and does not constitute financial advice. For specific joint life recommendations, consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/life-insurance-cost-singapore/
Life Insurance Cost Singapore — What Term, Whole Life, ILP & Endowment Premiums Actually Look Like Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Life insurance cost What life insurance costs in Singapore
Life insurance premiums in Singapore are determined by a half-dozen actuarial inputs plus the specific product features you choose. Headline "from SGD X per month" quotes are marketing-led — actual premiums depend on age, gender, smoker status, sum assured, term, riders and underwriting outcome. This guide breaks down each driver.
The 6 things that drive your premium Age. The single biggest driver. Premiums approximately double for every 10 years of age at issue. Younger buyers lock in materially lower lifetime premiums. Gender. Female-issued policies typically priced lower than male at the same age — reflects actuarial mortality differences. Smoker status. Smoker premiums materially higher than non-smoker for the same cover. Underwriting tests for nicotine use. Sum assured. Linear scaling — SGD 1M cover costs roughly double SGD 500k cover on the same product, all else equal. Term length. Longer terms cost more in total premium (more years of payment) but typically less per year on a level-premium structure. Policy shape. Term cheapest, endowment / ILP middle, whole life most expensive per dollar of cover — because whole life is funding a payout that will happen. How shape changes the cost For the same sum assured, the four major Singapore shapes are priced roughly as follows (relative to term-level baseline): Term life — baseline. Pure protection, no cash value, lapses at end of term. Decreasing-term life — typically lower starting premium than level-term for the same starting sum assured; declines on a defined schedule (usually matched to mortgage amortisation). Whole life (participating) — typically several times the term premium. Permanent coverage + cash-value build-up + bonus participation in insurer's par fund. Investment-linked policy (ILP) — combines protection charge with sub-fund investment. Premium splits between insurance cost and investment; can look cheap upfront but charges are highest in early years. Endowment — fixed-term structured savings with a small death-benefit component. Premium is primarily savings, not insurance. Riders — material premium-add-ons
Riders are optional add-ons that increase base policy cost. The four most-added on Singapore policies:
Critical Illness (CI). The most expensive common rider. Multi-pay early-stage CI cover can add a substantial loading on top of the base-term premium. Total & Permanent Disability (TPD) enhancement. Base TPD usually included; enhancement adds material cost for an extended definition or higher payout. Waiver of Premium. Cheap relative to its value — premiums paid by insurer if you suffer defined CI or TPD. Adds only a small loading to base premium. Accidental Death Benefit. Inexpensive add-on that doubles cover on accidental death. Useful for shorter-term high-cover buyers. Where to find your actual premium
Premium illustrations in every insurer's Product Summary on compareFIRST.sg show indicative premiums for sample age + sum assured combinations. For a binding quote tailored to your specific situation, request a personalised quote shortlist via our free quote tool or contact a MAS-licensed financial adviser directly.
The policy library at /comparison/ shows every active product across all 15 MAS-licensed Singapore insurers — sort by shape, click into any product for the full breakdown.
Frequently asked questions What does life insurance cost in Singapore? It depends entirely on policy shape, sum assured, term, age, gender, smoker status and included riders. As a rough order of magnitude: a non-smoking 30-year-old male buying SGD 1M sum assured on a 25-year level-term policy typically pays a few hundred SGD per year. Equivalent whole life cover (with multiplier) would be several thousand. Always pull a current quote from the insurer — figures vary substantially. Why are quoted premiums so different between insurers? Insurers differ on underwriting class, included riders, base sum assured logic, participating bonus assumptions, distribution channel cost, and product features (multiplier, convertibility, renewability). The headline sum assured can look identical while the underlying policies are materially different. Are women's premiums cheaper? Generally yes — actuarial mortality tables show female longevity higher than male in Singapore, so equivalent-coverage premiums are typically lower for women. The gap is largest at older ages and on whole life products. How much do smoker premiums add? Smoker premiums are typically much higher than non-smoker premiums for the same sum assured and term. Non-disclosure of smoker status is grounds for voiding cover under the Insurance Act 1966. Can I get a discount for buying directly online? Yes — the LIA / MAS DIRECT range offers term + whole life products without commission, distributed directly by insurers via compareFIRST.sg and insurer websites. Premiums are materially lower than the same insurer's adviser-channel equivalent. Trade-off: no adviser explaining the product to you. Why do whole life premiums get cheaper if I pay over a longer period? Whole life "limited pay" structures spread the lifetime premium load across a chosen payment term (10, 15, 20, 25 or 30 years). Longer payment term = lower annual premium, but more total paid over the policy life. Shorter payment term = higher annual premium, less total cost, no premium burden after the payment window ends. How do CI / TPD / Waiver of Premium riders add to the cost? Each rider adds its own premium component. CI is usually the most expensive — it can add a substantial fraction to a base-term premium, especially for early-stage multi-pay cover. TPD enhancement adds materially less. Waiver of Premium typically adds a small percentage. Exact loadings vary by insurer and product. Does my BMI affect premiums? Yes — underwriters apply loadings for high BMI, history of certain conditions, occupational risk, and hobbies (extreme sports, diving). Substandard ratings can add materially to base premiums; exact loading is set during underwriting on a per-application basis. Sources
Premium structures referenced are drawn from MAS-licensed insurer Product Summaries on compareFIRST.sg and LIA mortality-table commentary. Indicative ranges are illustrative and not binding quotes. This page is informational only and does not constitute financial advice.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/life-insurance-for-expats-singapore/
Life Insurance for Expats in Singapore — Eligibility, Multi-Currency Options & Portable Cover Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Expats & foreigners Life insurance for expats in Singapore
Singapore's life-insurance market is open to expats and foreign residents. The application process is broadly the same as for Singapore Citizens and PRs, with three differences worth understanding: residency-period requirements at some insurers, the availability of multi-currency Bermuda-domiciled options, and the absence of CPF DPS as a baseline cover layer.
Eligibility — who can buy Most MAS-licensed Singapore life insurers will underwrite the following expat / foreign-resident categories: Employment Pass (EP) holders — typically day-one eligibility, subject to standard underwriting. S Pass / Work Permit holders — eligibility varies by insurer; some require minimum 6-12 month residency. Dependant Pass (DP) / Long-Term Visit Pass (LTVP) holders — eligibility varies; some products restricted. Permanent Residents (PR) — treated equivalently to Singapore Citizens for underwriting purposes by most insurers. Tech.Pass / EntrePass / Personalised Employment Pass — typically full eligibility, evaluated case-by-case.
Singapore-domiciled policies are also sometimes available to non-resident foreigners (e.g. for cross-border estate planning), but only via specific products and FA channels — not all insurers entertain non-resident applications.
CPF DPS doesn't apply
The Dependants' Protection Scheme (CPF DPS, administered by Great Eastern) is restricted to active CPF members. Most Employment Pass and S Pass holders are not enrolled — they do not have CPF accounts. Consequently, expats have no baseline SGD 70k mortality cover by default, which makes private life insurance the entire primary protection layer (rather than a top-up).
Practical implication: an expat earning SGD 200k/year with two dependent children typically needs SGD 1.5-2M of mortality cover, all from private insurance. Singapore Citizens / PRs at the same income level might run SGD 1.4-1.9M private + SGD 70k CPF DPS.
Multi-currency and Bermuda-domiciled options
Two MAS-distributed entities offer life insurance underwritten through Bermuda-based parent companies:
Manulife (International) Bermuda — SGD- and USD-denominated whole life and ILP products. Transamerica Life Bermuda — primarily USD-denominated high-net-worth life solutions.
Bermuda-domiciled policies are popular with expats for three reasons: multi-currency premiums (matches USD-denominated income / liabilities), international claims acceptance (Bermuda regulator is widely recognised), and estate-planning portability if you leave Singapore. They are typically distributed through specific FA channels — not direct-to-consumer.
Portability — what happens when you leave
A Singapore-issued life policy remains in force as long as premiums are paid, regardless of where the insured subsequently lives. Coverage is global, subject to standard war-zone and high-risk-activity exclusions. Most policies require notification of changes in country of residence.
Two operational considerations:
Currency conversion. SGD-denominated policies pay claims in SGD. If your dependants will be in a different country at time of claim, the FX exposure can be material over a long policy life. Multi-currency products mitigate this. Premium payment. Some insurers require a Singapore bank account for premium debit. Long-term expats who plan to leave should check whether the insurer accepts international payment methods. Where to start
For most working-age expats in Singapore, the right starting shape is a 20-30 year level-term policy sized to family-protection needs, with a CI rider attached. Whole life and ILP shapes are worth considering only after the primary term layer is in place, and Bermuda-domiciled multi-currency options become relevant if you carry significant USD-denominated liabilities or expect international relocation.
See the term life Singapore guide and the full product comparison across all 15 MAS-licensed insurers. For a personalised quote shortlist, use the free quote tool .
Frequently asked questions Can expats buy life insurance in Singapore? Yes — most MAS-licensed Singapore life insurers will underwrite expats (Employment Pass, S Pass, Dependant Pass, Long-Term Visit Pass holders), subject to residency requirements and standard underwriting. Some insurers require minimum residency periods (e.g. 6-12 months); others accept day-one applications. What documents do I need to apply as an expat? Typically: valid work pass, passport, proof of Singapore address (utility bill, tenancy agreement), employment contract (for income verification), and standard medical disclosure. NRIC is not required (FIN is acceptable). Some products may require medical examination depending on age and sum assured. Are premiums different for expats vs Singapore Citizens / PRs? Generally no — underwriting is on mortality risk, not citizenship. However, some insurers apply a residency loading or require additional documentation for non-SC / non-PR applicants. Multi-currency products may carry different premium structures. What happens to my Singapore life policy if I leave Singapore? Policy remains in force as long as premiums are paid. Cover continues globally — Singapore life policies typically include international coverage with exclusions for war zones and certain high-risk activities. Some insurers require notification of country-of-residence changes. Check the policy contract's portability provisions. What are Bermuda-domiciled life policies? Manulife (International) Bermuda and Transamerica Life Bermuda offer life insurance products underwritten through Bermuda-based entities but sold via licensed Singapore advisers. These are typically multi-currency (SGD / USD denominated) and designed for internationally mobile clients with cross-border estate planning needs. Can I claim CPF DPS as an expat? CPF DPS is restricted to active CPF members (Singapore Citizens, PRs, and certain Work Permit holders making CPF contributions). Most Employment Pass and S Pass holders are not enrolled in DPS and cannot claim. Private life insurance is the primary cover layer for expats. Should I keep my home-country life policy or replace it with a SG policy? Depends on the home-country policy's portability, claim acceptance for overseas death, currency match with your liabilities, and premium differences. Many expats run dual cover during transition years, then consolidate once long-term residency is clear. Always consult a MAS-licensed financial adviser before cancelling existing cover. Sources
Eligibility and product information from MAS-licensed insurer Product Summaries on compareFIRST.sg. CPF DPS scheme details from CPF Board. MOM work-pass categorisation from mom.gov.sg . This page is informational only and does not constitute financial advice.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/limited-pay-whole-life-singapore/
Limited-Pay Whole Life Singapore — 10, 15, 20, 25-Year Premium Term Comparison Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Limited-pay whole life Limited-pay whole life in Singapore
Limited-pay whole life concentrates premium payments into a defined window — typically 10, 15, 20 or 25 years — after which the policy remains in force for life without further premiums. The shorter the premium term, the higher the annual cost but the lower the total premium paid across the policy life.
Why limited-pay over pay-to-life
Three reasons most Singapore buyers prefer limited-pay over pay-to-life structures:
Eliminate retirement-era premiums. A 20-pay policy finished at age 55 frees up cash flow during the retirement years when income drops. Lower total cost. Paying for a defined window typically delivers a lower total-premium-vs-coverage ratio than continuing to pay through life. Front-loaded cash value. Concentrated premium payments build cash value faster, accelerating the surrender-value crossover. 10 vs 15 vs 20 vs 25-pay — comparison
Common shapes:
10-pay — premium concentrated into a decade. Annual premium roughly 3x a 25-pay equivalent. Suits high-income buyers wanting to "get it over with" or buyers expecting income to drop after 10 years (career pivot, early retirement). 15-pay — premium across 15 years. Annual cost roughly 2x a 25-pay equivalent. Middle ground between aggressive and standard structures. 20-pay — premium across 20 years. Annual cost roughly 1.3x a 25-pay equivalent. Common for buyers in their late 30s wanting policy fully paid by retirement age. 25-pay — premium across 25 years. The standard structure. Lower annual premium, longer payment commitment. 30-pay / to age X — longest-spread structures. Lowest annual premium but longest payment commitment. Cash-value crossover
Limited-pay structures reach the cash-value crossover point (surrender value > total premiums paid) earlier than pay-to-life structures because premium contributions concentrate during accumulation years. A 10-pay policy typically reaches crossover around year 12-15 under the lower-bonus illustration scenario; a 25-pay policy can take to year 18-22.
The crossover point matters when you might need to surrender — but limited-pay buyers usually intend to hold to claim, so the long-horizon projected payout matters more than the year-12 surrender value.
Picking the right term
Three diagnostic questions:
When do you expect income to step down materially? Pick a premium term that ends by then. How comfortable is your current cash flow with a 1.5-3x annual premium load vs the longer-spread alternative? How important is the year-by-year guaranteed surrender value in your downside planning? Shorter terms build it faster.
See the whole life Singapore guide for the broader framework and the participating whole life guide for bonus mechanics.
Frequently asked questions What is limited-pay whole life? A whole life policy where premiums are paid for a defined limited period (typically 10, 15, 20 or 25 years) rather than for the full life of the policy. After the premium-paying period ends, the policy continues to provide coverage and accumulate cash value for life — no further premiums required. Why pay over 10 years instead of 25? Shorter premium term concentrates payment into your peak earning years, eliminating future premium obligations during retirement. Total premium paid over the policy life is typically lower than longer-term structures because you stop paying earlier. Trade-off: annual premium is several times higher than a 25-pay equivalent. Which premium term should I pick? Match the premium term to your income trajectory. High-earner planning to retire by 55: 10 or 15-pay locks in the policy before retirement. Steady-income buyer prioritising cash flow: 25 or 30-pay spreads the premium load. Most Singapore buyers pick 20 or 25-pay as a middle ground. Is the death benefit the same regardless of premium term? Death benefit equals the basic sum assured + accumulated reversionary bonuses + any terminal bonus — independent of the premium term you chose. The premium term affects what you pay; the policy structure determines what you receive. Can I switch my premium term mid-policy? Generally no — the premium term is fixed at policy issue. Some products offer "premium holiday" options where you can pause premiums temporarily (with policy cash value covering the premiums), but the underlying premium-payment commitment doesn't change. Information from MAS-licensed insurer Product Summaries. Not financial advice — consult a MAS-licensed financial adviser for personalised recommendations. Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/maternity-life-insurance-singapore/
Life Insurance During Pregnancy in Singapore — Maternity & Newborn Planning Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Maternity & new parents Life insurance during pregnancy and for new parents in Singapore
Adding a dependant materially changes the life-insurance equation — the right time to review cover is before the dependant arrives, not after. This guide covers underwriting while pregnant, sizing for new parents, and how to think about cover for the newborn.
Buying while pregnant — what changes
Pregnancy itself does not prevent life insurance underwriting in Singapore. Insurers will ask:
Gestational age (typically more straightforward in the first or second trimester). Existing pregnancy complications — gestational diabetes, hypertension, pre-eclampsia, IUGR. Prior pregnancy outcomes — previous complications can affect current underwriting. Routine ante-natal findings — ultrasound results, blood work.
Possible outcomes: standard acceptance (most uncomplicated pregnancies), temporary postponement until after delivery (for active complications), or a small loading. Each insurer's underwriting philosophy differs — if one declines, apply at another.
Earlier is better
Counter-intuitive but important: apply for cover increases before the pregnancy completes. Three reasons:
Any complications discovered during labour can affect future underwriting on whatever cover you don't already hold. Post-partum mental health conditions (post-natal depression and beyond) can complicate underwriting for years. You'll be older by the time post-delivery applications complete — and life-insurance premiums are sharply age-graded.
The cleanest approach: review cover at the first ante-natal appointment, apply for the gap (typically a top-up term policy sized to the new dependant's lifetime needs), close the policy before the third trimester. Most Singapore insurers will issue within 4-8 weeks if underwriting is uncomplicated.
Sizing for new parents
A working-age Singapore parent adding a first child typically needs to increase cover by SGD 500k-1M. Drivers:
Income replacement until the child is independent (typically 20-25 years from birth, or 25+ if planning tertiary support). Childcare costs — if the surviving parent needs to step back from work or hire significant childcare to compensate, the cost over 18 years is material. Tertiary education — SGD 50-100k for a Singapore degree, SGD 200-400k+ for overseas tertiary education. Many parents size cover to ensure education funding is secured even if they die. Mortgage protection — the new family-home mortgage that often accompanies a first child.
The mechanics: stack term policies. Keep your existing pre-child policy if it's still appropriate. Add a 25-30 year level term sized to cover the new dependant's protection horizon. A 20-25 year decreasing term if there's a new mortgage. The dual-policy approach is materially more flexible than restructuring an existing policy.
Cover for the newborn — yes or no?
Two camps exist on insuring newborns. The argument for :
Lock in insurability. A small whole life policy taken out at birth guarantees lifetime cover regardless of future health discoveries (childhood-onset conditions, future obesity, mental-health diagnoses) that might otherwise make adult cover impossible. Cash-value head-start. Premiums paid for 18-25 years build a meaningful cash-value sleeve by adulthood, transferable to the child as a financial gift. The argument against : No income to replace. The economic logic of life insurance is income-replacement; an infant has no income. Opportunity cost. The same premium invested in a low-cost ETF or Endowus portfolio for 25 years would likely outperform whole-life cash-value build-up. Premature commitment. Parents may want the flexibility to redirect those funds to education or other uses.
Neither answer is universally right. If the family has high lifetime insurability concerns (genetic conditions, history of childhood illnesses), the lock-in argument is strong. If the family is healthy and disciplined investors, the opportunity-cost argument wins.
Frequently asked questions Can I buy life insurance while pregnant in Singapore? Yes — pregnancy itself does not preclude underwriting for term or whole life cover. Insurers will ask about gestational age, pregnancy complications (e.g. gestational diabetes, hypertension), and any prior pregnancy complications. A normal pregnancy typically passes underwriting at standard rates; complications may attract a temporary postponement or a loading. Should I wait until after delivery to apply? Generally no — earlier is better. If you wait until after delivery, you risk: complications discovered during labour that load future premiums, post-partum mental-health conditions complicating underwriting, and the simple fact that you'll be older by the time the application completes. Apply while still healthy. Does pregnancy affect existing life insurance? An existing policy continues unchanged through pregnancy and after delivery. Pregnancy is not a notifiable change of risk on a typical life policy. Premiums and benefits don't change. The only practical adjustment is reviewing whether the existing sum assured is still adequate now that a dependant is being added. How much life insurance does a new parent need? A common Singapore rule of thumb is 8-10x annual income, but adding a child often pushes this higher. Factor in: dependent-children years remaining (typically 20-25 years from birth), expected tertiary-education costs (SGD 50-100k per child in Singapore, SGD 200-400k+ if overseas), and the income-replacement needed if the primary earner dies. New parents commonly add SGD 500k-1M to existing cover. Should I buy life insurance for my newborn? A newborn doesn't have income to replace, so traditional mortality cover doesn't apply. Some buyers nevertheless buy small whole life policies on newborns to lock in insurability (the child has cover for life, regardless of future health changes) and start the cash-value build-up early. Whether this is worth it depends on opportunity cost vs alternative savings vehicles. What happens to my policy if I die during childbirth? The base death benefit pays out to the nominated beneficiary as per any life policy. Pregnancy and childbirth are not standard life-insurance exclusions in Singapore. Specific exclusions depend on the policy contract — read the wording. The base benefit pays regardless of the cause of death (subject to standard suicide / fraud exclusions). What about Critical Illness rider coverage during pregnancy? CI rider cover is in force throughout pregnancy. If a CI condition (cancer, severe heart event, etc.) is diagnosed during pregnancy and meets the rider definition, the rider pays out per standard terms. Pregnancy-specific complications (e.g. severe pre-eclampsia, peripartum cardiomyopathy) may or may not meet CI definitions depending on rider wording — most do not unless they progress to a covered CI. Sources
Underwriting and product-mechanics commentary drawn from MAS-licensed insurer Product Summaries on compareFIRST.sg. Sum-assured rules-of-thumb are illustrative; actual needs depend on individual circumstances. This page is informational only and does not constitute financial advice. Consult a MAS-licensed financial adviser for personalised recommendations during family-formation life events.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/methodology/
Methodology — How Lifeinsurance.com.sg Builds the Singapore Life Insurance Policy Library Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Methodology How we build the Singapore life insurance policy library
Every fact rendered on lifeinsurance.com.sg traces back to a public Product Summary published by a MAS-licensed insurer on compareFIRST.sg. This page documents the end-to-end pipeline so anyone — buyers, advisers, journalists, regulators — can audit how a given fact got onto the site.
Current snapshot 15 MAS-licensed Singapore life insurers covered 50 active products ingested into the policy library 20 cross-insurer comparison topics 2,450 wording clause chunks embedded for semantic search Snapshot generated: 2026-06-05 1. Source authority
Our authoritative source is compareFIRST.sg — the Life Insurance Association (LIA) / Monetary Authority of Singapore (MAS) sanctioned comparison portal. Every MAS-licensed Singapore life insurer is required to publish a standardised Product Summary for every active retail product on the portal. These PDFs are the authoritative reference for product features, premium illustrations, exclusions and the full fee schedule.
Where compareFIRST.sg doesn't carry a specific product (typically adviser-only or institutional-only structures), we cite the insurer's own published Product Summary or Product Highlights Sheet, with the same source-link and ingestion-date discipline.
2. Ingestion pipeline For each Product Summary PDF, the automated pipeline: Fetches the PDF from the source URL, validates the content-type, and computes a sha256 hash of the bytes. The hash is the dedupe key — re-ingesting an unchanged PDF is a no-op. Extracts markdown text from the PDF via Anthropic Claude Haiku 4.5 vision (selected for accurate table extraction from MAS-format Product Summaries). Extracts structured facts from the markdown via Anthropic Claude Sonnet 4.6, against a Zod-validated schema covering 20+ canonical topics (exclusions, riders, free-look period, multipliers, premium term, surrender value, CPF eligibility, etc.). Stores the result in Supabase tables — insurance.sg_life_wordings for the markdown + metadata, insurance.wording_facts for the structured extraction, with a confidence-tier classifier (verified / inferred). Embeds clause chunks via OpenAI text-embedding-3-small (1536d). Each ingested wording is sectioned by heading, then chunked to ~500 tokens, then embedded for pgvector semantic search at /clause-search/ .
The entire pipeline is idempotent — re-running against the same source PDFs is a no-op (pdf_hash dedupe). When a new Product Summary is published (e.g. a December revision), the new PDF gets a new hash and is ingested fresh; the prior version is retained with its superseded_at timestamp set.
3. Verification Every wording row on the site carries: An effective_from date — when the policy version becomes the current wording. A source_url — the public PDF on compareFIRST.sg. A pdf_hash — sha256 of the source PDF bytes. An ingested_at timestamp — when our pipeline last processed the source. A confidence tier on each fact — verified (extracted from the policy wording with high cross-validation) or inferred (extracted with lower confidence; surface only when other evidence supports).
A pre-commit audit script ( audit-wording-integrity.cjs ) hard-fails any deploy if any product on the policy library is missing source_url / pdf_hash / effective_from. The site never ships an unsourced wording.
4. Refresh cadence
compareFIRST.sg publishes Product Summary revisions on an irregular cadence — typically once per year per product, sometimes more often when an insurer updates terms. Our refresh schedule:
Continuous — when the user-facing site notices a stale source URL, that product is requeued for re-ingestion. Quarterly — full policy-library refresh, every product re-fetched and re-extracted. Ad-hoc — when a buyer or adviser flags a discrepancy via hello@lifeinsurance.com.sg , the specific product is prioritised. 5. What we don't publish
We do not publish:
Fabricated star ratings or fake review counts. We do not publish AggregateRating JSON-LD without a real underlying survey + disclosed methodology. Indicative premium quotes presented as binding. Premiums are highly underwriting-dependent — quote illustrations on Product Summaries are non-binding scenarios. Claims that lifeinsurance.com.sg is a MAS-licensed financial adviser. We are not. Claims that lifeinsurance.com.sg is an insurer. We are not. Subjective rankings ("best", "leading", "premier", "#1") without disclosed methodology. CPFTA + ASAS hard rule. 6. Corrections
If you spot an extraction error or a stale source URL, please email hello@lifeinsurance.com.sg . We respond to factual corrections within 1 business day and re-ingest the affected product immediately.
Insurers wishing to flag inaccuracies in their product representation may also contact us at the same address. We hold no exclusive distribution agreements and have no commercial bias toward or against any insurer — accuracy is the only criterion.
7. Singapore legal context
Lifeinsurance.com.sg operates under Singapore law, including the Financial Advisers Act (FAA), the Insurance Act 1966 , the Personal Data Protection Act 2012 (PDPA), the Consumer Protection (Fair Trading) Act (CPFTA), and ASAS advertising-standards guidance. We are not a MAS-licensed financial adviser. We are not an insurer. We are not a licensed insurance broker. We are an independent comparison surface that publishes structured-data summaries of public insurer disclosures.
For binding interpretation of any policy term, always read the full Policy Contract in addition to the Product Summary, and consult the insurer or a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/participating-whole-life-singapore/
Participating Whole Life Singapore — How Par Policies Work, Bonuses & Comparison Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Participating whole life Participating whole life policies in Singapore
Most whole life policies sold in Singapore are participating ("par") policies — meaning policyholders share in the insurer's par-fund profits via bonuses on top of the guaranteed sum assured. This guide breaks down how reversionary and terminal bonuses work, why bonus rates get revised, and what to compare across MAS-licensed insurers.
Two bonus layers
Par policies pay bonuses through two channels:
Reversionary bonus — declared annually, added to the guaranteed sum assured. Once declared it cannot be removed. The accumulated reversionary bonus grows the death-benefit value year-on-year. Terminal bonus — declared only when the policy is claimed or surrendered. Typically larger than accumulated reversionary bonuses but non-guaranteed and revisable until claim.
The combined par-bonus layer can deliver materially higher payouts than the guaranteed sum alone — but it can also disappoint when bonus rates are revised down.
Why bonus rates change
Par bonuses are funded by the par fund's net investment performance and expense margins. When interest rates fall, fixed-income returns drop, par funds earn less, and illustrated bonus rates get cut. Every Singapore insurer revised illustrated par bonus rates downwards in the period roughly 2018-2023 as global rates compressed.
Insurers smooth bonus payouts to avoid year-on-year volatility, but multi-year structural shifts (sustained low rates, asset-mix changes) eventually flow through. Historical bonus performance is not a reliable predictor of future bonus rates.
Comparing par policies across insurers
Compare on:
Guaranteed sum assured at year-by-year intervals (not the projected including-bonuses figure). Illustrated reversionary + terminal bonus under the lower scenario. Historical bonus revisions in the last 10 years (downward revisions vs maintained / upward). Par-fund asset mix — heavier equity allocation typically delivers higher long-term bonus potential but more volatility. Par-fund smoothing methodology disclosed in the insurer's published Par Fund Update. Par vs non-par whole life
Non-participating whole life policies don't pay bonuses — only the guaranteed sum assured. Premiums for non-par are typically lower than equivalent par policies, but the projected total payout is lower too. For buyers wanting predictability and a clean view of what they're paying for vs receiving, non-par fits. For buyers wanting upside exposure via bonus participation, par fits — at the cost of non-guaranteed projections.
See the whole life Singapore guide for the full par-vs-non-par framework and surrender-curve mechanics.
Frequently asked questions What is a participating whole life policy? A whole life policy where the insurer's participating fund profits are shared with policyholders via annual reversionary bonuses (added to guaranteed sum assured) and a terminal bonus on claim or surrender. The guaranteed sum is fixed; the bonus layer is non-guaranteed and varies with par-fund performance. How are reversionary bonuses declared? Annually by the insurer's appointed actuary, based on par-fund performance, investment returns and projected future obligations. Once declared, the reversionary bonus is added to the policy and cannot be removed — it forms part of the guaranteed sum at the next valuation. What is a terminal bonus? A non-guaranteed bonus paid only when the policy is claimed (death, TPD, maturity) or surrendered. The terminal bonus rate depends on long-term par-fund performance and is often larger than accumulated reversionary bonuses. It is not guaranteed and can be revised. Are par bonus rates guaranteed? No. Every Singapore insurer publishing par-policy illustrations has revised illustrated bonus rates downwards at least once in the last decade. The Product Summary illustrates two scenarios — a higher and a lower. For downside planning, use the lower scenario plus the guaranteed-only column. How do I compare par bonus history across insurers? Each insurer publishes a bonus history report on their corporate website — typically titled "Participating Fund Update" or similar. Look for: rate revisions in the last 5-10 years, asset allocation of the par fund, smoothing methodology, and the par-fund's historical investment return vs benchmarks. Information from MAS-licensed insurer Product Summaries and published Par Fund Updates. Not financial advice — consult a MAS-licensed financial adviser for personalised recommendations. Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/partners/
Partners — How Lifeinsurance.com.sg Works With Insurers & Advisers Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Partners How we work with insurers & advisers
Lifeinsurance.com.sg is an independent comparison surface. When you submit a quote request, your information is routed to a MAS-licensed insurer or financial adviser who prepares the shortlist and contacts you. Here's how that works.
MAS-licensed intermediaries only Every partner we route to is verifiable on the MAS Financial Institutions Directory at eservices.mas.gov.sg/fid . We do not route to unlicensed introducers or offshore intermediaries. Independent — no exclusive deals We do not take exclusive distribution agreements with any insurer. Every MAS-licensed Singapore life insurer is represented in the policy library with equal data depth, regardless of commercial arrangement. PDPA compliant Data submitted via /quotes/ is shared only with the MAS-licensed insurer or adviser preparing your quote. We comply with the Personal Data Protection Act 2012. See our Privacy Policy for full detail. No obligation A quote request via this site is a request for information, not a commitment to purchase. You can decline, ask further questions, or seek a second opinion from any other MAS-licensed adviser. Quote requests are free. For insurers and advisers
We are actively building partner relationships with MAS-licensed Singapore financial advisory firms with FCIB (Financial Adviser Class B) Representative status. If your firm is interested in receiving qualified life-insurance quote leads from the lifeinsurance.com.sg surface, contact us at hello@lifeinsurance.com.sg .
We work on a per-lead basis with transparent, MAS-compliant referral arrangements. Pricing is fixed in writing before any leads are routed.
For data buyers (API / MCP)
The lifeinsurance.com.sg policy library is available as a machine-readable surface:
/api/clause-search — semantic search across every ingested wording /api/insurer/{slug}/facts.json — per-insurer endpoint /api/product/{insurer}/{product}/facts.json — per-product endpoint /api/product/{insurer}/{product}/wording.md — full ingested wording /llms.txt + /llms-full.txt — llmstxt.org compliant LLM-discovery indexes
For commercial API access, MCP server integration or bulk-data licensing: hello@lifeinsurance.com.sg .
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/privacy/
Privacy Policy — Life Insurance Singapore Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Privacy Privacy Policy Last updated: 2026-06-05 Lifeinsurance.com.sg is operated as an independent comparison surface. This policy explains how we handle personal data we collect on the site, in accordance with the Singapore Personal Data Protection Act 2012 (PDPA). 1. What we collect We collect the following categories of personal data only when you actively submit a form on the site: Quote request data via /quotes/ : your policy-shape interest, target sum assured, term length, age, smoker status, name, email and mobile number. Contact-form data via hello@lifeinsurance.com.sg : your name and email if you choose to include them. We do not collect NRIC, FIN, passport, financial-account, biometric or sensitive health data via this site. 2. How we use it Your information is used only to: Prepare a personalised insurance quote shortlist and route it to a MAS-licensed insurer or financial adviser. Respond to your inquiry. Comply with our legal obligations under Singapore law. 3. Who we share it with For quote requests, we share the data you submit with the MAS-licensed insurer or financial adviser preparing your quote. We do not sell your personal data to third parties. 4. PDPA consent By submitting a quote request, you give deemed consent under PDPA s14(1) and s15 for us to share the data with the MAS-licensed insurer or adviser preparing your quote. Consent text is displayed adjacent to the submit button on every quote form. 5. Withdrawal of consent You can withdraw consent at any time by emailing hello@lifeinsurance.com.sg . We will action requests within 30 days and inform any third party we have shared your data with. 6. Data retention We retain quote request data for as long as needed to fulfil the quote request, plus 24 months for record-keeping. After that, the data is deleted or anonymised. 7. Cookies and analytics The site uses Google Analytics 4 (GA4) to understand aggregate traffic patterns. GA4 sets cookies for session tracking; no PII is sent to Google. You can opt out via your browser settings or the Google Analytics Opt-out add-on. 8. Security The site is served over HTTPS (TLS 1.3). Form submissions are processed through Netlify Forms, which encrypts in transit and at rest. We follow the PDPA Protection Obligation and CISO-recommended controls. 9. Your rights under PDPA You have the right to (a) access your personal data; (b) request correction; (c) withdraw consent; and (d) lodge a complaint with the Personal Data Protection Commission (PDPC) at pdpc.gov.sg . 10. Contact Data Protection inquiries: hello@lifeinsurance.com.sg . 11. Changes to this policy We may update this policy from time to time. The "Last updated" date at the top reflects the most recent revision. Material changes will be flagged at the top for 30 days. Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/product/aia/direct-aia-term-cover/
Direct - AIA Term Cover — AIA Singapore Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote AIA Singapore Direct - AIA Term Cover verified extraction
Effective from 2025-07-01
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab Structured facts Extracted from the Product Summary at 7ecc12790a93ab41… . 1 fact rows. Product Type term-life Riders & optional benefits DIRECT - CI for Term Cover critical-illness optional non-participating accelerating Critical Illness supplementary benefit to complement your DIRECT - AIA Term Cover policy Exclusions Verbatim from the Product Summary. Read in full before purchase. If the Insured, whether sane or insane, commits suicide within one year from the issue date or reinstatement date of the basic policy, whichever is later, our liability shall only be limited to the refund of premiums paid without interest. Page 2 No Terminal Illness Benefit shall be payable under the basic policy for the conditions stated below: i. Terminal Illness other than a diagnosis of Terminal Illness as defined in the Terminal Illness Benefit section above; or ii. where the symptoms of the Terminal Illness first occurred prior to the issue date or reinstatement date of the basic policy, whichever is later, or for which the diagnosis of Terminal Illness was made within thirty (30) days following the issue date or reinstatement date of the basic policy, whichever is later; or iii. where in our opinion, the diagnosis of Terminal Illness of the Insured was directly or indirectly due to Acquired Immunodeficiency Syndrome (AIDS) or infection by any Human Immunodeficiency Virus (HIV); or iv. any pre-existing illnesses, diseases, impairments or conditions from which the Insured is suffering prior to the issue date or reinstatement date, whichever is later, unless the Insured makes a declaration in the application or reinstatement of the basic policy, and such application is specifically accepted by us. Page 2 The TPD Benefit shall not cover any TPD caused directly or indirectly, wholly or partly, by any one or more of the following occurrences: i. self-destruction or any attempt at self-destruction while sane or insane; or ii. engaging in or taking part in air, military or naval service in time of declared or undeclared war or while under order for warlike operations or restoration of public order; or iii. entering, operating, or servicing, riding in or on, ascending or descending from or with any aerial device or conveyance (except where the Insured is in an aircraft operated by a commercial passenger airline on a regular scheduled passenger trip over its established passenger route or by the Republic of Singapore Air Force). Page 2 Terminal illness in the presence of HIV infection is excluded. Page 1 Free-look period 14 days from policy delivery.
the insurer 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 the insurer. Other AIA Singapore products AIA Singapore AIA Guaranteed Protect Plus (IV) → AIA Singapore AIA Platinum Retirement Elite → AIA Singapore AIA Platinum Wealth Elite 2.0 → AIA Singapore AIA Pro Achiever 3.0 → Similar products from other insurers Great Eastern DIRECT - GREAT Term → Singlife DIRECT - Singlife Term Life → Great Eastern Great Eastern Cares Term Plan → Great Eastern GREAT Term → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from AIA Singapore's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact AIA Singapore directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/product/aia/guaranteed-protect-plus-iv/
AIA Guaranteed Protect Plus (IV) — AIA Singapore Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote AIA Singapore AIA Guaranteed Protect Plus (IV) verified extraction
Effective from 2026-06-05
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Structured facts Extracted from the Product Summary at 8afde0cb3cdecd6e… . 1 fact rows. Product Type whole-life Exclusions Verbatim from the Product Summary. Read in full before purchase. If the Insured commits suicide within one year from the policy issue date or date of reinstatement, whichever is later, our liability will be limited to a return of premiums paid without interest. Page 6 TPD Benefit exclusion: Any disability caused directly or indirectly, wholly or partly, by any of the following occurrences: (a) deliberate acts that endanger oneself, whether sane or insane, including any of the following: (i) while in violation or attempted violation of the law or resistance to arrest; or (ii) suicide or attempted suicide, intentional self-injury, or exposure to exceptional danger (except in an attempt to save human life); Page 6 TPD Benefit exclusion: (b) engaging in or taking part in air, military or naval service in time of declared or undeclared war or while under order for warlike operations or restoration of public order; or Page 6 TPD Benefit exclusion: (c) entering, operating, or servicing, riding in or on, ascending or descending from or with any aerial device or conveyance (except where the Insured is in an aircraft operated by a commercial passenger airline on a regular scheduled passenger trip over its established passenger route or by the Republic of Singapore Air Force). Page 6 If death occurs within the first 13 days of the Insured's date of birth, the total amount payable under the policy is limited to 20% of the Minimum Death Benefit. Page 1 Free-look period 14 days from policy delivery.
the insurer 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 the insurer. Other AIA Singapore products AIA Singapore Direct - AIA Term Cover → AIA Singapore AIA Platinum Retirement Elite → AIA Singapore AIA Platinum Wealth Elite 2.0 → AIA Singapore AIA Pro Achiever 3.0 → Similar products from other insurers Income Insurance Complete Life Secure → Singlife DIRECT - Singlife Whole Life → Great Eastern Prestige Legacy Index → Prudential Singapore PRUActive Life V → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from AIA Singapore's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact AIA Singapore directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/aia/platinum-retirement-elite/
AIA Platinum Retirement Elite — AIA Singapore Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote AIA Singapore AIA Platinum Retirement Elite verified extraction
Effective from 2025-07-01
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab Structured facts Extracted from the Product Summary at ab73f3fecb51e15e… . 1 fact rows. Product Type investment-linked Exclusions Verbatim from the Product Summary. Read in full before purchase. if the Insured, whether sane or insane, commits suicide within one year from the issue date or reinstatement date of the policy, whichever is later Page 6 any material misrepresentation or concealment during the 2-year period beginning from the issue date or reinstatement date of the policy, whichever is later Page 6 fraud at any time Page 6 any Terminal Illness the symptoms of which first occurred prior to the issue date or reinstatement date of your Policy, whichever is later, or for which the diagnosis of Terminal Illness was made within 30 days following the issue date or reinstatement date of your Policy, whichever is later. Page 6 Terminal Illness in the presence of HIV infection is excluded. Page 1 where, in our opinion, the Terminal Illness was directly or indirectly due to Acquired Immunodeficiency Syndrome (AIDS) or infection by any Human Immunodeficiency Virus (HIV). Page 6 Accidental Death Benefit: war (whether declared or, undeclared or otherwise), invasion, civil war, revolution or any warlike operations Page 6 Accidental Death Benefit: violation or attempted violation of the law or resistance to arrest Page 6 Accidental Death Benefit: suicide or attempted suicide, intentional self-injury or exposure to exceptional danger (except in an attempt to save human life) Page 6 Accidental Death Benefit: childbirth, pregnancy or miscarriage or any complications concerning therewith notwithstanding that such event may have been accelerated or induced by Injury, and/or any treatment arising from any such event therefrom Page 6 Accidental Death Benefit: treatment of alcoholism, drug abuse or any other complications arising there-from, or Accidents caused by or whilst under the influence of drugs or alcohol or drug overdose (whether intentional, accidental or otherwise) Page 6 Accidental Death Benefit: engaging in air travel (except as a fare-paying passenger in any properly licensed private and/or commercial aircraft, or as a crew member in a properly licensed commercial aircraft operated by a commercial passenger airline on a regular scheduled passenger trip over its established passenger route) Page 6 Accidental Death Benefit: engaging in a sport in a professional capacity or where the Insured would or could earn income or remuneration from engaging in such sport Page 6 Accidental Death Benefit: engaging in racing of all kinds (other than on foot and swimming) Page 6 Accidental Death Benefit: engaging or taking part in air, military, naval training, exercises, manoeuvres, warlike operations or handling of explosives and demolition materials or while under orders for restoration of public order, whether in time of peace, declared, undeclared war or otherwise, except where operationally ready national service duties are carried out in Singapore or overseas (if applicable) pursuant to the Enlistment Act 1970. Page 6 Free-look period 14 days from policy delivery.
the insurer will refund you the premiums you have paid without interest, in accordance with the insurer's prevailing premium refund formula and after making the necessary adjustments on the following: (i) any change in the market value of the underlying assets of the fund chosen by you as at the valuation day immediately following the date of our receipt of your request; and (ii) less any medical fees and other expenses, such as payments for medical check-ups and medical reports incurred by the insurer. Other AIA Singapore products AIA Singapore Direct - AIA Term Cover → AIA Singapore AIA Guaranteed Protect Plus (IV) → AIA Singapore AIA Platinum Wealth Elite 2.0 → AIA Singapore AIA Pro Achiever 3.0 → Similar products from other insurers Income Insurance Gro Retire Flex Pro II → Prudential Singapore PRUActive Retirement II → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from AIA Singapore's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact AIA Singapore directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/aia/platinum-wealth-elite-2/
AIA Platinum Wealth Elite 2.0 — AIA Singapore Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote AIA Singapore AIA Platinum Wealth Elite 2.0 verified extraction
Effective from 2025-07-01
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab Structured facts Extracted from the Product Summary at 85761c30ddc55fdf… . 1 fact rows. Product Type investment-linked Riders & optional benefits Total and Permanent Disability Rider tpd Total and Permanent Disability Rider is a non-participating supplementary benefit which provides financial protection if the Insured becomes totally and permanently disabled before age 70. This benefit accelerates the payment of the Insured Amount of the Basic Policy. AIA Vitality Benefit on AIA Platinum Wealth Elite 2.0 other When the Insured signs up as an AIA Vitality member, or is an existing AIA Vitality member at the point of purchase, your policy will provide additional bonus units, also known as Vitality Fund Boost. The Vitality Fund Boost will be payable up to the first 5 policy years upon meeting certain criteria. Exclusions Verbatim from the Product Summary. Read in full before purchase. any Terminal Illness the symptoms of which first occurred prior to the Issue Date or Reinstatement Date of your Policy, subject to paragraph (c) below, whichever is later, or for which the Diagnosis of Terminal Illness was made within 30 days following the Issue Date or Reinstatement Date of your Policy, whichever is later. Page 8 where, in our opinion, the Terminal Illness was directly or indirectly due to Acquired Immunodeficiency Syndrome (AIDS) or infection by any Human Immunodeficiency Virus (HIV). Page 8 any and all pre-existing illnesses, diseases, impairments or conditions from which the Insured is suffering prior to the Issue Date or Reinstatement Date of your Basic Policy, whichever is later, unless a declaration was made in the application for, or reinstatement of, your Basic Policy and such application is specifically accepted by us. Page 8 Terminal illness in the presence of HIV infection is excluded. Page 3 deliberate acts that endanger oneself, whether sane or insane, including any of the following: (i) violation or attempted violation of the law or resistance to arrest; or (ii) suicide or attempted suicide, intentional self injury or exposure to exceptional danger (except in an attempt to save human life) [TPD Rider exclusion] Page 18 engaging in or taking part in air, military or naval service in time of declared or undeclared war or while under order for warlike operations or restoration of public order [TPD Rider exclusion] Page 18 entering, operating, or servicing, riding in or on, ascending or descending from or with any aerial device or conveyance (except where the Insured is in an aircraft operated by a commercial passenger airline on a regular scheduled passenger trip over its established passenger route or by the Republic of Singapore Air Force) [TPD Rider exclusion] Page 18 Free-look period 14 days from policy delivery.
the insurer will refund you the premiums you have paid without interest, in accordance with the insurer's prevailing premium refund formula and after making the necessary adjustments on the following: (i) any change in the market value of the underlying assets of the fund chosen by you as at the valuation day immediately following the date of our receipt of your request; and (ii) less any medical fees and other expenses, such as payments for medical check-ups and medical reports incurred by the insurer, such refund being subject always to a maximum amount of the premiums that you have paid. Other AIA Singapore products AIA Singapore Direct - AIA Term Cover → AIA Singapore AIA Guaranteed Protect Plus (IV) → AIA Singapore AIA Platinum Retirement Elite → AIA Singapore AIA Pro Achiever 3.0 → Similar products from other insurers Income Insurance AstraLink → Great Eastern GREAT Wealth Advantage 4 → Great Eastern GREAT Wealth Multiplier 3 → Income Insurance Invest Flex → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from AIA Singapore's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact AIA Singapore directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/aia/pro-achiever-3/
AIA Pro Achiever 3.0 — AIA Singapore Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote AIA Singapore AIA Pro Achiever 3.0 inferred extraction
Effective from 2024-10-01
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Oct 2024 Opens in a new tab Structured facts Extracted from the Product Summary at 1fef13332046298d… . 1 fact rows. Product Type investment-linked Riders & optional benefits Secondary Insured Option other During the term of the policy, a Secondary Insured can be appointed to ensure the continuity of the policy upon death of the Insured. The Secondary Insured will become the new Insured of the basic policy and the policy continues upon the death of the Insured. Exclusions Verbatim from the Product Summary. Read in full before purchase. If a Secondary Insured was appointed before the death of the Insured, death benefit will not be paid on the death of the Insured. Page 1 If a Secondary Insured was appointed before the death of the Insured, accidental death benefit will not be payable. Page 2 Accidental Death Benefit: If the Insured dies due to an injury within 90 days from the date of the accident that occurs within 2 policy years from the issue date of your policy. Page 2 No reduction in the amount of regular premium shall be allowed until the 4th annual / 8th semi-annual / 16th quarterly / 48th monthly regular premium has been paid. Page 11 Increase in regular premium amount is not allowed. Page 11 Premium paid in advance will not be accepted. Back payments of regular premium are not allowed. Page 4 During the IIP: any dividend payouts from any funds that include the option for you to accept dividend payments will be automatically reinvested into the policy. Page 1 Other AIA Singapore products AIA Singapore Direct - AIA Term Cover → AIA Singapore AIA Guaranteed Protect Plus (IV) → AIA Singapore AIA Platinum Retirement Elite → AIA Singapore AIA Platinum Wealth Elite 2.0 → Similar products from other insurers Great Eastern DIRECT - GREAT Life II → Great Eastern GREAT Flexi Goal → Great Eastern GREAT Flexi Protect Series 3 → Great Eastern GREAT Life Advantage 4 → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from AIA Singapore's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact AIA Singapore directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/aia/pro-lifetime-protector-ii/
AIA Pro Lifetime Protector (II) — AIA Singapore Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote AIA Singapore AIA Pro Lifetime Protector (II) verified extraction
Effective from 2024-10-01
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Oct 2024 Opens in a new tab Structured facts Extracted from the Product Summary at ed058dd59d88bb44… . 2 fact rows. Exclusions if the Insured, regardless of sanity, commits suicide within one year from the issue date or reinstatement date of the policy, whichever is later; our liability shall be limited to 100% of the policy value.; any material misrepresentation or concealment during the 2-year period beginning from the issue date or reinstatement date of the policy, whichever is later; our liability shall be limited … Product Type investment-linked Exclusions Verbatim from the Product Summary. Read in full before purchase. if the Insured, regardless of sanity, commits suicide within one year from the issue date or reinstatement date of the policy, whichever is later; our liability shall be limited to 100% of the policy value. Page 4 any material misrepresentation or concealment during the 2-year period beginning from the issue date or reinstatement date of the policy, whichever is later; our liability shall be limited to 100% of the policy value. Page 4 fraud at any time; our liability shall be limited to 100% of the policy value. Page 4 Free-look period 14 days from policy delivery.
the insurer will refund you the premiums you have paid without interest, in accordance with the insurer's prevailing premium refund formula and after making the necessary adjustments on the following: (i) any change in the market value of the underlying assets of the fund chosen by you as at the valuation day immediately following the date of our receipt of your request; and (ii) less any medical fees and other expenses, such as payments for medical check-ups and medical reports incurred by the insurer. Other AIA Singapore products AIA Singapore Direct - AIA Term Cover → AIA Singapore AIA Guaranteed Protect Plus (IV) → AIA Singapore AIA Platinum Retirement Elite → AIA Singapore AIA Platinum Wealth Elite 2.0 → Similar products from other insurers Great Eastern DIRECT - GREAT Life II → Great Eastern GREAT Flexi Goal → Great Eastern GREAT Flexi Protect Series 3 → Great Eastern GREAT Life Advantage 4 → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from AIA Singapore's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact AIA Singapore directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/aia/retirement-saver-iv/
AIA Retirement Saver (IV) — AIA Singapore Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote AIA Singapore AIA Retirement Saver (IV) inferred extraction
Effective from 2025-07-01
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab Structured facts Extracted from the Product Summary at c437ed9ea7fcca00… . 1 fact rows. Product Type endowment Exclusions Verbatim from the Product Summary. Read in full before purchase. If the Insured commits suicide within 1 year from the policy issue date or date of reinstatement (where applicable), whichever is later, our liability will be limited to a return of premiums paid without interest. Page 4 You will not be able to exercise Premium Pass Option under this policy if: (a) you were not a Full-Time Employee immediately before your Involuntary Retrenchment; (b) you were self-employed or employed by your Immediate Family Member or a business owned by your immediate family member; (c) you and/or your Immediate Family Member (whether singly, jointly or in the aggregate) were in a position to exercise control or influence over the appointment and/or termination of employees by your employer; (d) the termination of your Full-Time Employment arose out of: i. retirement; ii. resignation; iii. termination or suspension due to your breach of the terms of employment, or your own misconduct or negligence; iv. your own wilful or deliberate misconduct or unlawful behaviour; v. severance or natural termination of any fixed term contract of employment or of an interim contract; vi. leave of absence whether paid or unpaid; vii. military discharge; viii. any voluntary forfeiture of income by you; ix. failure to continue employment upon completion of probation period; x. disability or injury due to any accident, sickness, pregnancy, childbirth or self destruction or any attempt threat, while sane or insane; xi. your inability to continue the employment due to the need to service in armed forces in the time of war, declared or undeclared, or while under orders for warlike operations or restoration of public order; xii. riot and civil commotion; xiii. strike or labour disputes; or xiv. any partial, seasonal or casual employment; (e) you had not worked for at least 6 consecutive months immediately prior to the Involuntary Retrenchment from Full-Time Employment; or (f) your loss of work relates to work as a self-employed person or independent contractor, and not termination from Full-Time Employment. Page 4 Free-look period 14 days from policy delivery.
the insurer 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 the insurer. Other AIA Singapore products AIA Singapore Direct - AIA Term Cover → AIA Singapore AIA Guaranteed Protect Plus (IV) → AIA Singapore AIA Platinum Retirement Elite → AIA Singapore AIA Platinum Wealth Elite 2.0 → Similar products from other insurers Income Insurance Gro Saver Flex Pro → Prudential Singapore PRUActive Saver III → Singlife Singlife Heritage Income → Singlife Singlife Smart Saver → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from AIA Singapore's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact AIA Singapore directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/aia/secure-flexi-term/
AIA Secure Flexi Term — AIA Singapore Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote AIA Singapore AIA Secure Flexi Term verified extraction
Effective from 2025-07-01
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab Structured facts Extracted from the Product Summary at 7ddc3d08aaf7fed9… . 1 fact rows. Product Type term-life Riders & optional benefits TPD on Secure Flexi Term (R&C) tpd A non-participating supplementary benefit which provides financial protection if the Insured becomes totally and permanently disabled before age 70. This benefit accelerates the payment of the Insured Amount of the basic policy. Exclusions Verbatim from the Product Summary. Read in full before purchase. If the Insured, whether sane or insane, commits suicide within one year of the issue date or reinstatement date of the basic policy, whichever is later, unless otherwise specified in any supplementary agreements or endorsements, our liability shall only be limited to the refund of the total premiums paid without interest. Page 2 No Terminal Illness or Terminal Cancer Benefit shall be payable under the basic policy for the conditions stated below: i. Where the symptoms of the Terminal Illness or Terminal Cancer first occurred prior to the issue date or reinstatement date of the basic policy, subject to paragraph (iv) below, whichever is later; ii. Where the diagnosis of Terminal Illness or Terminal Cancer was made within thirty (30) days following the issue date or reinstatement date of the basic policy, whichever is later; iii. Where in our opinion, the diagnosis of Terminal Illness or Terminal Cancer of the Insured was directly or indirectly due to Acquired Immunodeficiency Syndrome (AIDS) or infection by any Human Immunodeficiency Virus (HIV); or iv. Any pre-existing illnesses, diseases, impairments or conditions from which the Insured is suffering prior to the issue date or reinstatement date, whichever is later, unless the Insured makes a declaration in the application or reinstatement of the basic policy, and such application is specifically accepted by us. Page 2 Terminal illness in the presence of HIV infection is excluded. Page 1 This supplementary benefit shall not cover any TPD caused directly or indirectly, wholly or partly, by any one or more of the following occurrences: (a) deliberate acts that endanger oneself: (i) violation or attempted violation of the law; and (ii) suicide or attempted suicide or intentional self-injury, and exposing oneself to exceptional danger (except in an attempt to save human life), whether sane or insane; (b) engaging in or taking part in air, military or naval service in time of declared or undeclared war or while under order for warlike operations or restoration of public order; or (c) entering, operating, or servicing, riding in or on, ascending or descending from or with any aerial device or conveyance (except where the Insured is in an aircraft operated by a commercial passenger airline on a regular scheduled passenger trip over its established passenger route or by the Republic of Singapore Air Force). Page 8 Free-look period 14 days from policy delivery.
the insurer 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 the insurer Other AIA Singapore products AIA Singapore Direct - AIA Term Cover → AIA Singapore AIA Guaranteed Protect Plus (IV) → AIA Singapore AIA Platinum Retirement Elite → AIA Singapore AIA Platinum Wealth Elite 2.0 → Similar products from other insurers Great Eastern DIRECT - GREAT Term → Singlife DIRECT - Singlife Term Life → Great Eastern Great Eastern Cares Term Plan → Great Eastern GREAT Term → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from AIA Singapore's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact AIA Singapore directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/aia/smart-flexi-rewards-ii/
AIA Smart Flexi Rewards (II) — AIA Singapore Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote AIA Singapore AIA Smart Flexi Rewards (II) verified extraction
Effective from 2025-07-01
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab Structured facts Extracted from the Product Summary at 3c440a1b50fb3b77… . 2 fact rows. Exclusions If the Insured commits suicide within one year from the policy issue date or date of reinstatement, whichever is later, our liability will be limited to a return of premiums paid without interest. Product Type endowment Exclusions Verbatim from the Product Summary. Read in full before purchase. If the Insured commits suicide within one year from the policy issue date or date of reinstatement, whichever is later, our liability will be limited to a return of premiums paid without interest. Page 2 Free-look period 14 days from policy delivery.
the insurer 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 the insurer. Other AIA Singapore products AIA Singapore Direct - AIA Term Cover → AIA Singapore AIA Guaranteed Protect Plus (IV) → AIA Singapore AIA Platinum Retirement Elite → AIA Singapore AIA Platinum Wealth Elite 2.0 → Similar products from other insurers Income Insurance Gro Saver Flex Pro → Prudential Singapore PRUActive Saver III → Singlife Singlife Heritage Income → Singlife Singlife Smart Saver → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from AIA Singapore's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact AIA Singapore directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/aia/smart-wealth-builder-series/
AIA Smart Wealth Builder Series — AIA Singapore Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote AIA Singapore AIA Smart Wealth Builder Series verified extraction
Effective from 2025-07-01
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab Structured facts Extracted from the Product Summary at fe970d6e55c72a9e… . 1 fact rows. Product Type endowment Exclusions Verbatim from the Product Summary. Read in full before purchase. If the Insured commits suicide (regardless of sanity) within 1 year from the policy issue date or reinstatement date, whichever is later or otherwise specified, our liability shall be limited to the refund of premiums paid without interest. Page 5 TPD Benefit exclusions: Any disability caused directly or indirectly, wholly or partly, by any of the following occurrences: (a) deliberate acts that endanger oneself, whether sane or insane, including any of the following: (i) violation or attempted violation of the law or resistance to arrest; or (ii) suicide or attempted suicide, intentional self-injury, or exposure to exceptional danger (except in an attempt to save human life); (b) engaging or taking part in air, military or naval service in time of declared or undeclared war or while under order for warlike operations or restoration of public order; or (c) entering, operating, or servicing, riding in or on, ascending or descending from or with any aerial device or conveyance (except where the Insured is in an aircraft operated by a commercial passenger airline on a regular scheduled passenger trip over its established passenger route or by the Republic of Singapore Air Force). Page 5 Terminal Illness Benefit exclusions: (a) any Terminal Illness, the symptoms of which first occurred prior to the issue date or reinstatement date of your basic policy, or for which the Diagnosis of Terminal Illness was made within 30 days following the issue date or reinstatement date of your basic policy; or (b) where, in our opinion, the Terminal Illness was directly or indirectly due to Acquired Immunodeficiency Syndrome (AIDS) or infection by any Human Immunodeficiency Virus (HIV); or (c) any and all pre-existing illnesses, diseases, impairments or conditions from which the Insured was suffering prior to the issue date or reinstatement date of your basic policy, whichever is later, unless a declaration was made in the application for, or reinstatement of, your basic policy, and such application was specifically accepted by us. Page 5 Terminal illness in the presence of HIV infection is excluded. Page 2 Free-look period 14 days from policy delivery.
the insurer 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 the insurer. Other AIA Singapore products AIA Singapore Direct - AIA Term Cover → AIA Singapore AIA Guaranteed Protect Plus (IV) → AIA Singapore AIA Platinum Retirement Elite → AIA Singapore AIA Platinum Wealth Elite 2.0 → Similar products from other insurers Income Insurance AstraLink → Great Eastern GREAT Wealth Advantage 4 → Great Eastern GREAT Wealth Multiplier 3 → Income Insurance Invest Flex → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from AIA Singapore's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact AIA Singapore directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/great-eastern/direct-great-life-2/
DIRECT - GREAT Life II — Great Eastern Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Great Eastern DIRECT - GREAT Life II verified extraction
Effective from 2026-06-05
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Structured facts Extracted from the Product Summary at 814377b940a4445e… . 1 fact rows. Product Type whole-life Exclusions Verbatim from the Product Summary. Read in full before purchase. We will not pay the death benefit if the life assured dies due to suicide, while sane or insane, within 1 year from the date of issue of the policy or from the date of any reinstatement, the policy will be rendered void and we will refund all premiums paid. Page 3 We will not pay the TPD benefit for TPD resulting from: (a) self-inflicted injury, while sane or insane; (b) bodily injury sustained while the life assured is in or on an aircraft other than: (i) as a fare-paying passenger or a crew member on an aircraft licensed for passenger service and operated by a regular airline on a scheduled route; or (ii) as a member of the armed forces travelling as a passenger in a military transport aircraft; or (c) any pre-existing condition. Page 3 We will not pay the terminal illness benefit for: (a) terminal illness in the presence of Human Immunodeficiency Virus (HIV) infection; or (b) terminal illness resulting from any pre-existing condition. Page 3 Free-look period 14 days from policy delivery.
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. Other Great Eastern products Great Eastern DIRECT - GREAT Term → Great Eastern Great Eastern Cares Term Plan → Great Eastern GREAT Flexi Goal → Great Eastern GREAT Flexi Protect Series 3 → Similar products from other insurers AIA Singapore AIA Pro Achiever 3.0 → AIA Singapore AIA Pro Lifetime Protector (II) → Income Insurance Provenance Solitaire → Prudential Singapore PRUActive LinkGuard → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from Great Eastern's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact Great Eastern directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/great-eastern/direct-great-term/
DIRECT - GREAT Term — Great Eastern Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Great Eastern DIRECT - GREAT Term verified extraction
Effective from 2026-06-05
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Structured facts Extracted from the Product Summary at a4fc4d4ecac0fa65… . 1 fact rows. Product Type term-life Exclusions Verbatim from the Product Summary. Read in full before purchase. We will not pay the benefit if the life assured commits suicide, while sane or insane, within 1 year from the date we issue the policy or from the date of any reinstatement, whichever is later. The policy will be void. Page 3 We will not pay any benefit for TPD resulting from: (a) self-inflicted injury, while sane or insane; (b) bodily injury sustained while in or on an aircraft other than: (i) as a fare-paying passenger or a crew member on an aircraft licensed for passenger service and operated by a regular airline on a scheduled route; or (ii) as a member of the armed forces travelling as a passenger in a military transport aircraft; or (c) any pre-existing illness or disability that was not made known to us prior to the date we issue the policy or date of any reinstatement (if applicable). Page 3 We will not pay any benefit for terminal illness if the life assured has HIV infection. Page 3 Free-look period 14 days from policy delivery.
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. Other Great Eastern products Great Eastern DIRECT - GREAT Life II → Great Eastern Great Eastern Cares Term Plan → Great Eastern GREAT Flexi Goal → Great Eastern GREAT Flexi Protect Series 3 → Similar products from other insurers AIA Singapore Direct - AIA Term Cover → Singlife DIRECT - Singlife Term Life → Prudential Singapore PRUActive Term → Prudential Singapore PRUVital Cover → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from Great Eastern's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact Great Eastern directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/great-eastern/great-eastern-cares-term-plan/
Great Eastern Cares Term Plan — Great Eastern Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Great Eastern Great Eastern Cares Term Plan verified extraction
Effective from 2026-06-05
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Structured facts Extracted from the Product Summary at 38d66486c751f9a7… . 2 fact rows. Exclusions We will not pay the benefit if the life assured dies due to suicide while sane or insane within 12 months from the date we issue the policy or from the date of reinstatement (if applicable) of the policy. The policy will be void. We will refund all the premiums you have paid without interest.; We will not pay any benefits for: (a) terminal illness in the presence of Human Immunodeficiency Virus… Product Type term-life Exclusions Verbatim from the Product Summary. Read in full before purchase. We will not pay the benefit if the life assured dies due to suicide while sane or insane within 12 months from the date we issue the policy or from the date of reinstatement (if applicable) of the policy. The policy will be void. We will refund all the premiums you have paid without interest. Page 3 We will not pay any benefits for: (a) terminal illness in the presence of Human Immunodeficiency Virus ("HIV") infection; or (b) pre-existing terminal illness. Page 3 Free-look period 14 days from policy delivery.
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. Other Great Eastern products Great Eastern DIRECT - GREAT Life II → Great Eastern DIRECT - GREAT Term → Great Eastern GREAT Flexi Goal → Great Eastern GREAT Flexi Protect Series 3 → Similar products from other insurers AIA Singapore Direct - AIA Term Cover → Singlife DIRECT - Singlife Term Life → Prudential Singapore PRUActive Term → Prudential Singapore PRUVital Cover → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from Great Eastern's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact Great Eastern directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/great-eastern/great-flexi-goal/
GREAT Flexi Goal — Great Eastern Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Great Eastern GREAT Flexi Goal verified extraction
Effective from 2026-06-05
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Structured facts Extracted from the Product Summary at 1ff23f0c3e007e4d… . 1 fact rows. Product Type endowment Exclusions Verbatim from the Product Summary. Read in full before purchase. We will not pay any benefit for death resulting from: (a) suicide, while sane or insane; or (b) any pre-existing condition, within 12 months from the date we issue the policy or from the date of reinstatement (if applicable) of the policy. The policy will be void. We will refund all the premiums you have paid without interest (after deducting any outstanding debt, and any benefits and/or bonuses paid). Page 3 We will not pay the benefit for TPD resulting: (a) directly or indirectly, wholly or partly from self-inflicted injury, while sane or insane; (b) directly or indirectly, wholly or partly, from bodily injury sustained while in or on, or boarding or descending from, an aircraft other than as a: (i) fare-paying passenger or crew member on an aircraft licensed for passenger service and operated by a commercial airline on a scheduled route; (ii) passenger who is a member of the armed forces on a military transport aircraft; or (iii) provider of airport ground handling, aviation catering, aircraft engineering or other aviation-related services while the aircraft is on the ground; or (c) pre-existing TPD; or (d) a diagnosis of TPD due to a pre-existing condition within 12 months from the date of issue or from the date of reinstatement (if applicable) of the policy. Page 3 We will not pay any benefit for: (a) Terminal Illness in the presence of Human Immunodeficiency Virus ("HIV") infection; (b) Pre-existing Terminal Illness; or (c) a diagnosis of Terminal Illness due to a Pre-existing Condition within twelve (12) months from the Date of Issue or the date of reinstatement (if applicable) of the Policy. Page 3 Free-look period 14 days from policy delivery.
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. Other Great Eastern products Great Eastern DIRECT - GREAT Life II → Great Eastern DIRECT - GREAT Term → Great Eastern Great Eastern Cares Term Plan → Great Eastern GREAT Flexi Protect Series 3 → Similar products from other insurers AIA Singapore AIA Pro Achiever 3.0 → AIA Singapore AIA Pro Lifetime Protector (II) → Income Insurance Provenance Solitaire → Prudential Singapore PRUActive LinkGuard → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from Great Eastern's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact Great Eastern directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/great-eastern/great-flexi-protect-series-3/
GREAT Flexi Protect Series 3 — Great Eastern Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Great Eastern GREAT Flexi Protect Series 3 inferred extraction
Effective from 2026-06-05
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Structured facts Extracted from the Product Summary at 10ff2b5a6cc2b7ab… . 1 fact rows. Product Type whole-life Riders & optional benefits Term Multiplier Rider 3 other Provides multiplied coverage for Death, Total and Permanent Disability, and Terminal Illness up to age 100. Living Multiplier Rider 3 critical-illness Provides multiplied coverage for Death, Total and Permanent Disability, Terminal Illness, and Critical Stage of Critical Illness. Premium rates are not guaranteed and may be adjusted based on future experience of the plans. Complete Living Multiplier Rider 3 early-critical-illness Provides multiplied coverage for Death, Total and Permanent Disability, Terminal Illness, Critical Stage of Critical Illness, Early and Intermediate Stages of Critical Illness, and Additional Benefits (Special Benefit — only for Angioplasty). Premium rates are not guaranteed and may be adjusted based on future experience of the plans. Other Great Eastern products Great Eastern DIRECT - GREAT Life II → Great Eastern DIRECT - GREAT Term → Great Eastern Great Eastern Cares Term Plan → Great Eastern GREAT Flexi Goal → Similar products from other insurers AIA Singapore AIA Pro Achiever 3.0 → AIA Singapore AIA Pro Lifetime Protector (II) → Income Insurance Provenance Solitaire → Prudential Singapore PRUActive LinkGuard → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from Great Eastern's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact Great Eastern directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/great-eastern/great-life-advantage-4/
GREAT Life Advantage 4 — Great Eastern Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Great Eastern GREAT Life Advantage 4 verified extraction
Effective from 2026-06-05
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Structured facts Extracted from the Product Summary at edfaa47546cf5acd… . 1 fact rows. Product Type investment-linked Riders & optional benefits GREAT CI Advantage Rider critical-illness An Additional CI Unit-Deducting Rider (UDR) attached to the policy whereby the payment of benefit for critical illness under such rider will not reduce or affect the basic sum assured under the base plan, GREAT Life Advantage 4. GREAT CI Advantage Plus Rider critical-illness An Additional CI Unit-Deducting Rider (UDR) attached to the policy whereby the payment of benefit for critical illness under such rider will not reduce or affect the basic sum assured under the base plan, GREAT Life Advantage 4. Exclusions Verbatim from the Product Summary. Read in full before purchase. We will not pay the benefit if the life assured dies due to suicide, while sane or insane, within 12 months from the date we issue the policy or from the date of reinstatement (if applicable). We will terminate your policy and pay the account value calculated as the next valuation date following our receipt of notification of the death. Page 15 For policies issued under simplified underwriting, we will not pay the benefit if the death is due to any pre-existing condition within 12 months from the date we issue the policy or from the date of reinstatement (if applicable). Page 15 We will not pay any benefits for: (a) TPD resulting directly or indirectly, wholly or partly, from self-inflicted injury, while sane or insane; (b) TPD resulting directly or indirectly, wholly or partly, from bodily injury suffered while the life assured is in or on, or boarding or descending from, an aircraft [with specified exceptions]; or (c) any pre-existing TPD. Page 15 For policies issued under simplified underwriting, we will not pay the benefit if the TPD is due to any pre-existing condition within 12 months from the date we issue the policy or from the date of reinstatement (if applicable). Page 15 We will not pay any benefits for: (a) terminal illness in the presence of Human Immunodeficiency Virus ("HIV") infection; or (b) pre-existing terminal illness. Page 15 For policies issued under simplified underwriting, we will not pay the benefit if the terminal illness is due to any pre-existing condition within 12 months from the date we issue the policy or from the date of reinstatement (if applicable). Page 15 We will not pay any benefit for child cover if: (a) the child is above age 18 next birthday at the time of his death, his suffering from TPD or the diagnosis of his TI; (b) the child's death, or diagnosis of TPD or TI (as the case may be) is within 12 months from: (i) the date we issue your policy; (ii) the date of birth of the child if the child was born after we issued your policy; (iii) the date of legal adoption of the child if the child was legally adopted after we issued your policy; or (iv) the date of any reinstatement of your policy; or (c) we have already paid a claim for child cover in respect of that child. Page 15 We may reject your claim if the life assured has a pre-existing condition and: has not declared it in the proposal form as required for a new policy (if applicable); or has not declared it in the reinstatement form as required for a reinstatement (if applicable); or has not declared it in the application form as required for an increase in the sum assured (if applicable). Page 15 Free-look period 14 days from policy delivery.
the premiums you have paid less any change in the unit price(s) of the fund(s), less other costs incurred in assessing the risk of the policy including but not limited to, medical fees and other expenses, such as payments for medical check-ups and medical reports which are incurred by us. Other Great Eastern products Great Eastern DIRECT - GREAT Life II → Great Eastern DIRECT - GREAT Term → Great Eastern Great Eastern Cares Term Plan → Great Eastern GREAT Flexi Goal → Similar products from other insurers AIA Singapore AIA Pro Achiever 3.0 → AIA Singapore AIA Pro Lifetime Protector (II) → Income Insurance Provenance Solitaire → Prudential Singapore PRUActive LinkGuard → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from Great Eastern's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact Great Eastern directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/great-eastern/great-life-multiplier/
GREAT Life Multiplier — Great Eastern Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Great Eastern GREAT Life Multiplier verified extraction
Effective from 2026-06-05
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Structured facts Extracted from the Product Summary at 1454857ddf6eb64a… . 1 fact rows. Product Type whole-life Exclusions Verbatim from the Product Summary. Read in full before purchase. If the life assured dies by suicide, while sane or insane, or from any pre-existing condition, within 12 months from the date of issue of the policy or from the date of any reinstatement, the policy will be rendered void and we will refund all premiums paid without interest (after deducting any outstanding debt, and any benefits and/or bonuses paid). Page 2 Payment of the TPD Benefit will not be made for: (a) Pre-existing TPD; (b) TPD resulting directly or indirectly, wholly or partly, from self-inflicted injury, while sane or insane; (c) TPD resulting directly or indirectly, wholly or partly, from bodily injury sustained while the life assured is in or on, or boarding or descending from, an aircraft other than as a: (i) fare-paying passenger or crew member on an aircraft licensed for passenger service and operated by a commercial airline on a scheduled route; (ii) passenger who is a member of the armed forces on a military transport aircraft; or (iii) provider of airport ground handling, aviation catering, aircraft engineering or other aviation-related services while the aircraft is on the ground; or (d) a diagnosis of TPD due to a pre-existing condition within 12 months from the date of issue of the policy or the date of reinstatement of the policy (if applicable). Page 2 Payment of the TI Benefit will not be made: (a) pre-existing TI; (b) TI in the presence of Human Immunodeficiency Virus (HIV) infection; or (c) a diagnosis of TI due to a pre-existing condition within 12 months from the date of issue of the policy or the date of reinstatement of the policy (if applicable). Page 2 Free-look period 14 days from policy delivery.
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. Other Great Eastern products Great Eastern DIRECT - GREAT Life II → Great Eastern DIRECT - GREAT Term → Great Eastern Great Eastern Cares Term Plan → Great Eastern GREAT Flexi Goal → Similar products from other insurers AIA Singapore AIA Pro Achiever 3.0 → AIA Singapore AIA Pro Lifetime Protector (II) → Income Insurance Provenance Solitaire → Prudential Singapore PRUActive LinkGuard → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from Great Eastern's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact Great Eastern directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/great-eastern/great-term/
GREAT Term — Great Eastern Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Great Eastern GREAT Term verified extraction
Effective from 2026-06-05
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Structured facts Extracted from the Product Summary at d32ae2933619f3ec… . 1 fact rows. Product Type term-life Riders & optional benefits TPD Benefit Rider 2 tpd A non-participating, regular premium insurance rider which provides protection against Total and Permanent Disability (TPD). If sum assured of rider is equivalent to sum assured of basic plan, we will pay the death benefit from the basic plan and the policy will then end. If sum assured of rider is less than sum assured of basic plan, we will pay the sum assured of this rider, which will be accelerated from the basic plan. The most we will pay in benefit for TPD for all policies and riders we have issued for each life assured is S$5,000,000. Exclusions Verbatim from the Product Summary. Read in full before purchase. We will not pay the benefit if the life assured commits suicide, while sane or insane, within 1 year from the date we issue the policy or from the date of any reinstatement, whichever is later. The policy will be void. Page 2 We will not pay the terminal illness benefit for: (a) terminal illness in the presence of HIV infection; or (b) any pre-existing condition. Page 2 We will not pay the TPD benefit for TPD resulting: (a) directly or indirectly, wholly or partly, from self-inflicted injury, while sane or insane; (b) directly or indirectly, wholly or partly, from bodily injury sustained while in or on, or boarding or descending from, an aircraft other than as a: (i) fare-paying passenger or crew member on an aircraft licensed for passenger service and operated by a commercial airline on a scheduled route; (ii) passenger who is a member of the armed forces on a military transport aircraft; or (iii) provider of airport ground handling, aviation catering, aircraft engineering or other aviation-related services while the aircraft is on the ground; or (c) any pre-existing condition. Page 2 Free-look period 14 days from policy delivery.
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. Other Great Eastern products Great Eastern DIRECT - GREAT Life II → Great Eastern DIRECT - GREAT Term → Great Eastern Great Eastern Cares Term Plan → Great Eastern GREAT Flexi Goal → Similar products from other insurers AIA Singapore Direct - AIA Term Cover → Singlife DIRECT - Singlife Term Life → Prudential Singapore PRUActive Term → Prudential Singapore PRUVital Cover → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from Great Eastern's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact Great Eastern directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/great-eastern/great-wealth-advantage-4/
GREAT Wealth Advantage 4 — Great Eastern Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Great Eastern GREAT Wealth Advantage 4 verified extraction
Effective from 2026-06-05
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Structured facts Extracted from the Product Summary at 97c31141588f51c7… . 1 fact rows. Product Type investment-linked Riders & optional benefits Cash-paying riders (supplementary benefits) other You may wish to add optional supplementary benefits by attaching cash-paying riders to your plan. These riders provide protection against critical illness of varying stages, accidental events and disability income. Exclusions Verbatim from the Product Summary. Read in full before purchase. Death benefit: We will not pay the benefit if the life assured: (a) dies due to suicide, while sane or insane; or (b) dies due to any pre-existing condition, within 12 months from the date we issued the policy or from the date of reinstatement (if applicable). Your policy will be terminated. Page 9 TPD benefit: We will not pay the benefit for: (a) TPD resulting directly or indirectly, wholly or partly, from self-inflicted injury, while sane or insane; (b) TPD resulting directly or indirectly, wholly or partly, from bodily injury sustained while the life assured is in or on, or boarding or descending from, an aircraft other than as a: (i) fare-paying passenger or a crew member on an aircraft licensed for passenger service and operated by a commercial airline on a scheduled route; (ii) passenger who is a member of the armed forces on a military transport aircraft; or (iii) provider of airport ground handling, aviation catering, aircraft engineering or other aviation-related services while the aircraft is on the ground; (c) any pre-existing TPD; or (d) a diagnosis of TPD due to a pre-existing condition within 12 months from the date of issue or date of reinstatement (if applicable) of the policy. Page 9 Terminal illness benefit: We will not pay the benefit for: (a) terminal illness in the presence of Human Immunodeficiency Virus (HIV) infection; (b) any pre-existing terminal illness; or (c) a diagnosis of terminal illness due to a pre-existing condition within 12 months from the date of issue or date of reinstatement (if applicable) of the policy. Page 9 Free-look period 14 days from policy delivery.
we will refund you the premiums you have paid, less any change in the unit price(s) of the fund(s) and other costs incurred in assessing the risk of the policy including but not limited to medical fees and other expenses, such as payments for medical check-ups and medical reports, incurred by us. Other Great Eastern products Great Eastern DIRECT - GREAT Life II → Great Eastern DIRECT - GREAT Term → Great Eastern Great Eastern Cares Term Plan → Great Eastern GREAT Flexi Goal → Similar products from other insurers Income Insurance AstraLink → Income Insurance Invest Flex → AIA Singapore AIA Platinum Wealth Elite 2.0 → Prudential Singapore PRULink InvestGrowth → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from Great Eastern's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact Great Eastern directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/great-eastern/great-wealth-multiplier-3/
GREAT Wealth Multiplier 3 — Great Eastern Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Great Eastern GREAT Wealth Multiplier 3 verified extraction
Effective from 2026-06-05
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Structured facts Extracted from the Product Summary at 9d267360e59c0d15… . 1 fact rows. Product Type endowment Exclusions Verbatim from the Product Summary. Read in full before purchase. We will not pay any benefit for death due to: (a) suicide while sane or insane; or (b) any pre-existing condition, within 12 months from the date we issue the policy or from the date of reinstatement (if applicable) of the policy. Page 4 We will not pay any benefit for TPD resulting directly or indirectly, wholly or partly, from self-inflicted injury, while sane or insane. Page 4 We will not pay any benefit for TPD resulting directly or indirectly, wholly or partly, from bodily injury sustained while the life assured is in or on, or boarding or descending from, an aircraft other than as a: (i) fare-paying passenger or crew member on an aircraft licensed for passenger service and operated by a commercial airline on a scheduled route; (ii) passenger who is a member of the armed forces on a military transport aircraft; or (iii) provider of airport ground handling, aviation catering, aircraft engineering or other aviation-related services while the aircraft is on the ground. Page 4 We will not pay any benefit for pre-existing TPD; or a diagnosis of TPD due to a pre-existing condition within 12 months from the date of issue or from the date of reinstatement (if applicable) of the policy. Page 4 We will not pay any benefit for: (a) pre-existing terminal illness; (b) terminal illness in the presence of Human Immunodeficiency Virus (HIV) infection; or (c) terminal illness due to a pre-existing condition within 12 months from the date of issue or from the date of reinstatement (if applicable) of the policy. Page 4 Free-look period 14 days from policy delivery.
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. Other Great Eastern products Great Eastern DIRECT - GREAT Life II → Great Eastern DIRECT - GREAT Term → Great Eastern Great Eastern Cares Term Plan → Great Eastern GREAT Flexi Goal → Similar products from other insurers Income Insurance AstraLink → Income Insurance Invest Flex → AIA Singapore AIA Platinum Wealth Elite 2.0 → Prudential Singapore PRULink InvestGrowth → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from Great Eastern's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact Great Eastern directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/great-eastern/prestige-legacy-index/
Prestige Legacy Index — Great Eastern Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Great Eastern Prestige Legacy Index inferred extraction
Effective from 2026-06-05
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Structured facts Extracted from the Product Summary at 617d884e63d2b252… . 1 fact rows. Product Type universal-life Other Great Eastern products Great Eastern DIRECT - GREAT Life II → Great Eastern DIRECT - GREAT Term → Great Eastern Great Eastern Cares Term Plan → Great Eastern GREAT Flexi Goal → Similar products from other insurers Income Insurance Complete Life Secure → Singlife DIRECT - Singlife Whole Life → AIA Singapore AIA Guaranteed Protect Plus (IV) → Prudential Singapore PRUActive Life V → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from Great Eastern's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact Great Eastern directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/great-eastern/prestige-life-gold-4/
Prestige Life Gold 4 (SGD/USD) — Great Eastern Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Great Eastern Prestige Life Gold 4 (SGD/USD) verified extraction
Effective from 2026-06-05
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Structured facts Extracted from the Product Summary at 7a47f4248e04652b… . 2 fact rows. Exclusions We will not pay any benefit for death due to: suicide while sane or insane within 12 months from the date we issue the policy or from the date of reinstatement (if applicable) of the policy.; We will not pay any benefit [for terminal illness benefit] if the life assured has Human Immunodeficiency Virus (HIV) infection. Product Type whole-life Exclusions Verbatim from the Product Summary. Read in full before purchase. We will not pay any benefit for death due to: suicide while sane or insane within 12 months from the date we issue the policy or from the date of reinstatement (if applicable) of the policy. Page 4 We will not pay any benefit [for terminal illness benefit] if the life assured has Human Immunodeficiency Virus (HIV) infection. Page 4 Free-look period 14 days from policy delivery.
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. Other Great Eastern products Great Eastern DIRECT - GREAT Life II → Great Eastern DIRECT - GREAT Term → Great Eastern Great Eastern Cares Term Plan → Great Eastern GREAT Flexi Goal → Similar products from other insurers AIA Singapore AIA Pro Achiever 3.0 → AIA Singapore AIA Pro Lifetime Protector (II) → Income Insurance Provenance Solitaire → Prudential Singapore PRUActive LinkGuard → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from Great Eastern's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact Great Eastern directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/income/astralink/
AstraLink — Income Insurance Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Income Insurance AstraLink verified extraction
Effective from 2026-06-05
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Structured facts Extracted from the Product Summary at fbc8b140725f4766… . 1 fact rows. Product Type investment-linked Riders & optional benefits Critical Protect (ILP) critical-illness A unit deducting rider that can be attached to AstraLink. If taken up, an enhanced investment bonus applies based on Table 2 (percentage of regular premiums paid in the first 12 months, varying by sum assured multiple and MIP). The rider's sum assured changes correspondingly with changes to the basic policy's regular premium or sum assured. Exclusions Verbatim from the Product Summary. Read in full before purchase. Death Benefit: The cash-in value at the time we are told about the claim will be paid if the insured commits suicide within one year from the cover start date. Page 5 Terminal Illness (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. Page 5 Total and Permanent Disability (TPD) 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. Under the definition of total and permanent disability (TPD), if the insured is under 65 years old, he or she must be unable to carry out any occupation or there is total physical loss. The policy does not pay if the insured is merely unable to perform the same job as before, or is unable to perform a job to which his or her training, education or experience is suited for. If the insured becomes totally and permanently disabled when the insured is 65 years old and above, the insured must be suffering from a severe disability or total physical loss. Otherwise, we will not pay the benefit. The policy also does not pay this benefit unless the insured is certified by a registered medical practitioner to have been totally and permanently disabled for at least six months in a row. The aggregate TPD and accidental TPD benefit payable on a single life, inclusive of all policies issued by Income Insurance and by any other insurer cannot be more than S$6.5 million (not including bonuses). Page 5 Accidental Death and Accidental TPD Benefit is not payable unless death or TPD happens within 365 days of the accident. The benefit is also not payable if accidental death or accidental TPD is caused directly or indirectly by: deliberate acts such as self-inflicted injuries, suicide or attempted suicide; unlawful acts, provoked assault or deliberate exposure to danger; the effects of alcohol, drugs or any dependence; illnesses, psychological conditions or eating disorders; heat stroke; a bad reaction to drugs or medication; the effects of viruses (for example, dengue), bacteria or diseases; the negative effects or complications of medical and surgical care; treatment aimed at improving appearance, such as cosmetic surgery or any treatment relating to a previous cosmetic treatment; radiation or contamination from radioactivity; being in any aircraft, except as a fare-paying passenger in a commercial aircraft or during military operations in peacetime; military, air force or naval operations, except when carried out in peacetime; warlike operations (whether war is declared or not), war, invasion, riot, or any similar event; an accident which happens outside of Singapore, if the insured has been outside Singapore for more than 180 days in a row at the time of the accident; or an act of terrorism. However, we will pay $10,000 or 10% of the sum assured, whichever is lower, on top of the amount we pay for death or TPD benefit. Page 5 Other Condition: 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. Page 5 Free-look period 14 days from policy delivery.
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). Other Income Insurance products Income Insurance Complete Life Secure → Income Insurance Gro Retire Flex Pro II → Income Insurance Gro Saver Flex Pro → Income Insurance Invest Flex → Similar products from other insurers Great Eastern GREAT Wealth Advantage 4 → Great Eastern GREAT Wealth Multiplier 3 → AIA Singapore AIA Platinum Wealth Elite 2.0 → Prudential Singapore PRULink InvestGrowth → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from Income Insurance's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact Income Insurance directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/income/complete-life-secure/
Complete Life Secure — Income Insurance Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Income Insurance Complete Life Secure verified extraction
Effective from 2026-06-05
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Structured facts Extracted from the Product Summary at a3df3a87e2e9388c… . 1 fact rows. Product Type whole-life Riders & optional benefits Complete Life Secure – Protection Benefit other This policy includes a non-participating regular premium compulsory rider, Complete Life Secure – Protection Benefit. It pays retrenchment benefit and part of the multiplier cover. This rider will end immediately when its basic policy ends or is converted to a paid-up policy. It does not form part of the Life Participating Fund and no bonus is payable on the benefit. Exclusions Verbatim from the Product Summary. Read in full before purchase. This policy is not valid if the insured commits suicide within one year from the cover start date. Page 8 We will not pay the TPD 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. Page 8 We will also not pay the TPD benefit unless the insured is certified by a specialist to have been totally and permanently disabled for at least six months in a row. Page 8 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. Page 8 We will not pay the Retrenchment Benefit if your claim arises from: retiring, leaving after a probation period, resigning or being dismissed; suffering a psychological condition, disability or illness; taking part in a labour dispute; coming to the end of an employment contract; being involved in a staff-reduction programme or unemployment you knew was going to happen before the cover start date; being employed for less than six months by an employer; or being employed by an employer not incorporated or registered in Singapore. Page 8 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 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. Page 9 Free-look period 14 days from policy delivery.
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. Other Income Insurance products Income Insurance AstraLink → Income Insurance Gro Retire Flex Pro II → Income Insurance Gro Saver Flex Pro → Income Insurance Invest Flex → Similar products from other insurers Singlife DIRECT - Singlife Whole Life → AIA Singapore AIA Guaranteed Protect Plus (IV) → Great Eastern Prestige Legacy Index → Prudential Singapore PRUActive Life V → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from Income Insurance's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact Income Insurance directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/income/gro-retire-flex-pro-ii/
Gro Retire Flex Pro II — Income Insurance Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Income Insurance Gro Retire Flex Pro II verified extraction
Effective from 2026-06-05
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Structured facts Extracted from the Product Summary at 48cd91f22a83b034… . 1 fact rows. Product Type endowment Riders & optional benefits Gro Retire Flex Pro II – Protection Benefit other 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. Exclusions Verbatim from the Product Summary. Read in full before purchase. 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. Page 9 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. Page 9 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. Page 10 Free-look period 14 days from policy delivery.
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. Other Income Insurance products Income Insurance AstraLink → Income Insurance Complete Life Secure → Income Insurance Gro Saver Flex Pro → Income Insurance Invest Flex → Similar products from other insurers AIA Singapore AIA Platinum Retirement Elite → Prudential Singapore PRUActive Retirement II → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from Income Insurance's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact Income Insurance directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/income/gro-saver-flex-pro/
Gro Saver Flex Pro — Income Insurance Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Income Insurance Gro Saver Flex Pro verified extraction
Effective from 2026-06-05
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Structured facts Extracted from the Product Summary at 99fda1cf702f16ad… . 1 fact rows. Product Type endowment Exclusions Verbatim from the Product Summary. Read in full before purchase. 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. Page 8 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. Page 8 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. Page 8 Free-look period 14 days from policy delivery.
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. Other Income Insurance products Income Insurance AstraLink → Income Insurance Complete Life Secure → Income Insurance Gro Retire Flex Pro II → Income Insurance Invest Flex → Similar products from other insurers Prudential Singapore PRUActive Saver III → AIA Singapore AIA Retirement Saver (IV) → Singlife Singlife Heritage Income → Singlife Singlife Smart Saver → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from Income Insurance's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact Income Insurance directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/income/invest-flex/
Invest Flex — Income Insurance Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Income Insurance Invest Flex verified extraction
Effective from 2026-06-05
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Structured facts Extracted from the Product Summary at b9f3754c8a9268e7… . 1 fact rows. Product Type investment-linked Riders & optional benefits Available riders (not individually named in this document) other 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. Exclusions Verbatim from the Product Summary. Read in full before purchase. 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. Page 6 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. Page 6 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. Page 6 Free-look period 14 days from policy delivery.
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). Other Income Insurance products Income Insurance AstraLink → Income Insurance Complete Life Secure → Income Insurance Gro Retire Flex Pro II → Income Insurance Gro Saver Flex Pro → Similar products from other insurers Great Eastern GREAT Wealth Advantage 4 → Great Eastern GREAT Wealth Multiplier 3 → AIA Singapore AIA Platinum Wealth Elite 2.0 → Prudential Singapore PRULink InvestGrowth → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from Income Insurance's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact Income Insurance directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/income/provenance-solitaire/
Provenance Solitaire — Income Insurance Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Income Insurance Provenance Solitaire verified extraction
Effective from 2026-06-05
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Structured facts Extracted from the Product Summary at d854fa92ba712bae… . 1 fact rows. Product Type whole-life Riders & optional benefits Provenance Solitaire – Protection Benefit other A single premium compulsory non-participating rider that provides protection against death and terminal illness during the policy term. It does not form part of the Life Participating Fund and no bonus is payable on the benefit. Provenance Disability Accelerator tpd A non-participating, single premium accelerated rider that provides total and permanent disability (TPD) cover for a limited period of time. The rider term will follow the basic policy term, subject to the maximum coverage of before the anniversary immediately after the insured reaches the age of 70. The sum assured of this rider cannot exceed the sum assured of its basic policy. Upon TPD, pays 100% of this rider's sum assured and corresponding pro-rated bonuses of the basic policy, or 100% of this rider's minimum protection value (whichever is higher). Any payment under this rider will form an accelerated payment and reduce the sum assured and bonuses of its basic policy. Exclusions Verbatim from the Product Summary. Read in full before purchase. This policy is not valid if the 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. Page 6 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. Page 6 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. Page 6 Provenance Disability Accelerator – The benefit is not payable if the 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. We will also not pay this benefit unless the insured is certified by a registered medical practitioner to have been totally and permanently disabled for at least six months in a row. If the insured is also covered for TPD under any policies which have been issued in the past (whether issued by us or by any other insurer), the total TPD benefit due under all these policies cannot be more than S$6.5 million (including premiums waived due to TPD but excluding bonuses). Page 17 Free-look period 14 days from policy delivery.
You will have 14 days from the date you receive the policy documents to be sure that you want to keep the policy. If we deliver the policy by email or any other electronic means to you, the 14 days will start 7 days after the date of the delivery. If we deliver the policy both by post and email or any other electronic means to you, the 14 days will start 7 days after the date of the delivery by post. During this time, 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. Other Income Insurance products Income Insurance AstraLink → Income Insurance Complete Life Secure → Income Insurance Gro Retire Flex Pro II → Income Insurance Gro Saver Flex Pro → Similar products from other insurers Great Eastern DIRECT - GREAT Life II → Great Eastern GREAT Flexi Goal → Great Eastern GREAT Flexi Protect Series 3 → Great Eastern GREAT Life Advantage 4 → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from Income Insurance's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact Income Insurance directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/income/star-term-protect/
Star Term Protect — Income Insurance Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Income Insurance Star Term Protect verified extraction
Effective from 2026-06-05
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Structured facts Extracted from the Product Summary at 3e97dffa7560cb9f… . 1 fact rows. Product Type term-life Riders & optional benefits Available riders (unspecified) other With additional premiums, 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. Exclusions Verbatim from the Product Summary. Read in full before purchase. This policy is not valid if the 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. Page 3 The TI benefit is not payable if the 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. Page 3 Under the definition of total and permanent disability (TPD), if the insured is under 65 years old, he or she must be unable to carry out any occupation. The policy does not pay if the insured is merely unable to perform the same job as before, or is unable to perform a job to which his or her training, education or experience is suited for. Page 3 If the insured is 65 years old and above (but before the anniversary immediately after insured reaches the age of 70), he or she must be suffering from a severe disability. Otherwise, the policy will not pay the benefit. Page 3 The TPD benefit is not payable if the 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. Page 3 The policy also does not pay this benefit unless the insured is certified by a registered medical practitioner to have been totally and permanently disabled for at least six months in a row. Page 3 If the insured is also covered for TPD under any policies which have been issued in the past (whether issued by us or by any other insurer), the total TPD benefit due under all these policies cannot be more than S$6.5 million (including premiums waived due to TPD but excluding bonuses). Page 3 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. Page 4 Free-look period 14 days from policy delivery.
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. Other Income Insurance products Income Insurance AstraLink → Income Insurance Complete Life Secure → Income Insurance Gro Retire Flex Pro II → Income Insurance Gro Saver Flex Pro → Similar products from other insurers AIA Singapore Direct - AIA Term Cover → Great Eastern DIRECT - GREAT Term → Singlife DIRECT - Singlife Term Life → Great Eastern Great Eastern Cares Term Plan → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from Income Insurance's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact Income Insurance directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/income/termlife-solitaire/
TermLife Solitaire — Income Insurance Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Income Insurance TermLife Solitaire verified extraction
Effective from 2026-06-05
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Structured facts Extracted from the Product Summary at a05b37cd7d0661fc… . 1 fact rows. Product Type term-life Riders & optional benefits Disability Accelerator tpd Disability Accelerator is an accelerated rider attached to a basic policy. It is a non-participating, regular premium rider that provides insurance protection against total and permanent disability (TPD) for a limited period of time. The term of rider will follow the basic policy term, subject to the maximum coverage of age 70 last birthday. The sum assured of this rider cannot exceed the sum assured of the basic policy. Exclusions Verbatim from the Product Summary. Read in full before purchase. This policy is not valid if the 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. Page 1 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. Page 1 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 the policy or rider. Page 1 Free-look period 14 days from policy delivery.
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. Other Income Insurance products Income Insurance AstraLink → Income Insurance Complete Life Secure → Income Insurance Gro Retire Flex Pro II → Income Insurance Gro Saver Flex Pro → Similar products from other insurers Great Eastern DIRECT - GREAT Life II → Great Eastern GREAT Flexi Goal → Great Eastern GREAT Flexi Protect Series 3 → Great Eastern GREAT Life Advantage 4 → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from Income Insurance's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact Income Insurance directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/prudential/pruactive-life-v/
PRUActive Life V — Prudential Singapore Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Prudential Singapore PRUActive Life V verified extraction
Effective from 2026-03-01
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 1 Mar 2026 Opens in a new tab Structured facts Extracted from the Product Summary at 54cc2f8ea45c9b16… . 1 fact rows. Product Type whole-life Riders & optional benefits Crisis Care (PRUActive Life V) critical-illness Critical illness cover that can be added to the PRUActive Life V policy. The sum assured of this benefit accelerates from the Death benefit. Referenced throughout the policy in the context of claims interaction with Death, Terminal Illness and Disability benefits. Early Crisis Care (PRUActive Life V) early-critical-illness Early critical illness cover that can be added to the PRUActive Life V policy. Referenced in the context of claims interaction with Death and other accelerating benefits. Multiplier Benefit other The Multiplier benefit is the guaranteed amount that we pay in the event of death, terminal illness, total and permanent disability, critical illness (if applicable) of the life assured until the selected Multiplier benefit age. The selected Multiplier benefit age can be 65, 70, 75 or 80 years. The Multiplier benefit factors that you can choose are 2, 3, 4 or 5 times of the sum assured. The Multiplier Benefit is written out of the non-participating fund and does not affect the experience of the participating fund. It also does not provide any surrender value. Exclusions Verbatim from the Product Summary. Read in full before purchase. If the life assured dies from suicide within 12 months from the cover start date or date of reinstatement (if any) of your policy, we will void your policy. In this case, we cancel it and refund the total premiums received from you. We will first deduct any policy loans (including interest), automatic premium loans (including interest), surgical and nursing loans and all other amounts you owe us in connection with your policy and expenses (including administrative, sales-related and medical expenses) we have had to pay for your policy. Page 3 If the life assured dies directly or indirectly from an activity under special exclusion or special terms and conditions shown in your certificate of life assurance, we do not pay the sum assured but we will either: refund the total premiums received from you less any policy loans (including interest), automatic premium loans (including interest), surgical and nursing loans and all other amounts you owe us in connection with your policy and expenses (including administrative, sales-related and medical expenses) we have had to pay for your policy; or pay you the surrender value (if any), whichever is higher. Page 3 We do not pay the Multiplier benefit for accidental death on or after the selected Multiplier benefit age, if the accidental death of the life assured arises directly or indirectly out of one of the following: all claims related to accidents that took place before the cover start date of the policy or date of reinstatement (if any); war or warlike activities, invasion, acts of the foreign enemy, hostilities (whether declared or not), civil war, rebellion, revolution, insurrection, military or usurped powers; direct participation in strikes, riots or civil commotion; terrorism involving the use of nuclear, biological or chemical agents; illnesses or diseases of any kind, including but not limited to, fits, hernia, venereal disease, Acquired Immunodeficiency Syndrome (AIDS) or food poisoning; illnesses or diseases as a result of bite(s) inflicted by, and/or contact with, animal or insect, which animal or insect is infected by, or is a carrier of, such illnesses or diseases; physical or mental defect or infirmity existing at the cover start date or date of reinstatement (if any) of this benefit; accidents arising and due to pregnancy or confinement and related complications; under the influence, misuse or abuse of alcohol, drugs or illegal substance unless taken as prescribed by a registered medical practitioner; committing suicide or attempted suicide or intentional self-injury while sane or insane; unlawful acts, the hand of justice or wilful exposure to unnecessary danger except in the attempt to save a human life; any injury sustained while the life assured is committing or is attempting to commit an offence or is resisting arrest by a law enforcement officer; injuries as a result of committing, attempting or provoking an assault; state of unsound mind; taking part in a hazardous activity or sports unless such activities are carried out on a leisure basis under the supervision of a licensed organisation; taking part in professional or competitive sports where the life assured would or could earn income or remuneration from engaging in such sports; being in an aircraft of any type, or boarding or descending from any aircraft, except as a fare-paying passenger in an aircraft that is on a regular scheduled route operated by a commercial airline; radiation or contamination from radioactivity; racing of all kinds, other than foot or bicycle activities carried out on a leisure basis under the supervision of a licensed organisation; engaging in commando or bomb disposal duties/training, active military duties such as maintenance of civil order, engagement in hostilities, whether war is declared or not, and travel by military aircraft or waterborne vessel. This exclusion overrides all other terms and conditions relating to military services; or an activity under special exclusions and/or special terms and conditions shown on your certificate of life assurance. Page 3 Terminal Illness in the presence of HIV infection is excluded. Page 4 We do not pay the Accelerated Terminal Illness benefit if the life assured has already died at the time of the claim; if the symptoms of the terminal illness existed at the cover start date or date of reinstatement (if any) of this benefit; if the life assured is diagnosed as having a terminal illness caused by: self-inflicted injuries while sane or insane; AIDS, AIDS-related complex or infection by HIV except HIV due to blood transfusion and occupationally acquired HIV; using unprescribed drugs if the drugs are required by law to be prescribed by a registered medical practitioner; or an activity under the special exclusions and special terms and conditions shown in your certificate of life assurance. Page 4 We do not pay the Accelerated Disability benefit if the disability claim was made when the life assured has already died at the time of the claim; happened and the life assured was under 28 days of age; existed at the cover start date or date of reinstatement (if any) of this benefit; or arises directly or indirectly out of: attempted suicide or self-inflicted injuries while sane or insane; travelling on a non-commercial airline except military aircraft; or an activity under special exclusions and special terms and conditions shown in your certificate of life assurance. Page 6 There are certain conditions (such as death from suicide within 12 months from cover start date or date of reinstatement (if any), or death from an activity under special exclusions or special terms and conditions (if any)) under which no benefits will be payable. Page 16 Free-look period 14 days from policy delivery.
We will add this extra sum assured the following month after the immediate family's PRUActive Life V policy has passed the 14-day free-look period. Other Prudential Singapore products Prudential Singapore PRUActive LinkGuard → Prudential Singapore PRUActive Retirement II → Prudential Singapore PRUActive Saver III → Prudential Singapore PRUActive Term → Similar products from other insurers Income Insurance Complete Life Secure → Singlife DIRECT - Singlife Whole Life → AIA Singapore AIA Guaranteed Protect Plus (IV) → Great Eastern Prestige Legacy Index → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from Prudential Singapore's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact Prudential Singapore directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/prudential/pruactive-linkguard/
PRUActive LinkGuard — Prudential Singapore Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Prudential Singapore PRUActive LinkGuard verified extraction
Effective from 2026-06-05
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Structured facts Extracted from the Product Summary at 3978da4d00278d99… . 1 fact rows. Product Type investment-linked Riders & optional benefits Crisis Protect benefit critical-illness Can be added as part of your basic benefit to your policy at any time if the benefit is available, you are paying your regular premiums, we decide that the life assured is in good health, the life assured is below 45 years old, and your policy has not ended. Early Crisis Protect benefit early-critical-illness Can only be added if you have added the Crisis Protect benefit. Available if the benefit is available, you are paying your regular premiums, life assured is in good health, life assured is below 45 years old, and your policy has not ended. Crisis Care benefit critical-illness Can be added as part of your basic benefit to your policy at any time if the benefit is available, you are paying your regular premiums, we decide that the life assured is in good health, the life assured is below 45 years old, and your policy has not ended. You can only add either Crisis Protect or Crisis Care, but not both. Early Crisis Care benefit early-critical-illness Can only be added if you have added the Crisis Care benefit. Available if the benefit is available, you are paying your regular premiums, life assured is in good health, life assured is below 45 years old, and your policy has not ended. Disability Provider III tpd Supplementary benefit available to add to your policy at any time if the supplementary benefit is available, you are paying your regular premiums, the life assured is in good health, the life assured is within the age limits, you pay the extra premium, and your policy has not ended. Accident Assist accidental-death Supplementary benefit available to add to your policy at any time subject to conditions. Fracture Care PA other Supplementary benefit available to add to your policy at any time subject to conditions. Crisis Waiver III waiver-of-premium Supplementary benefit available to add to your policy at any time subject to conditions. Early Stage Crisis Waiver waiver-of-premium Supplementary benefit available to add to your policy at any time subject to conditions. Payer Security III payor-benefit Supplementary benefit available to add to your policy at any time subject to conditions. Payer Security Plus payor-benefit Supplementary benefit available to add to your policy at any time subject to conditions. Early Payer Security payor-benefit Supplementary benefit available to add to your policy at any time subject to conditions. PruSmart Lady II other Supplementary benefit available to add to your policy at any time subject to conditions. Crisis Cover Kids critical-illness Supplementary benefit available to add to your policy at any time subject to conditions. Exclusions Verbatim from the Product Summary. Read in full before purchase. If the life assured dies from an activity under special exclusion and special terms and conditions shown in your certificate of life assurance, we do not pay the death benefit but we will either: pay you the value of all the units in your account; or refund the total premiums paid by you, minus any withdrawals, whichever is higher, less any outstanding amounts you owe us. Page 2 If the life assured commits suicide within 12 months from the cover start date or date of reinstatement (if any) of your policy, we will void your policy. Page 2 We do not pay [Accelerated Terminal Illness Benefit] if the life assured has already died at the time of the claim. Page 3 We do not pay [Accelerated Terminal Illness Benefit] if the symptoms of the terminal illness existed at the cover start date or date of reinstatement (if any) of this benefit. Page 3 We do not pay [Accelerated Terminal Illness Benefit] if the life assured is diagnosed as having a terminal illness caused by: self-inflicted injuries while sane or insane; AIDS, AIDS-related complex or infection by HIV except HIV due to a blood transfusion and occupationally acquired HIV; using unprescribed drugs if the drugs are required by law to be prescribed by a registered medical practitioner; or an activity under the special exclusions and special terms and conditions shown on your certificate of life assurance. Page 3 We do not pay [Total and Permanent Disability Benefit] if the disability claim was made when the life assured had already died at the time of the claim (we will pay the death benefit instead); happened when the life assured was below 28 days old; existed at the cover start date or date of reinstatement (if any) of this benefit; or arises directly or indirectly out of: attempted suicide or self-inflicted injuries while sane or insane; travelling on a non-commercial airline except military aircraft; or an activity under the special exclusions and special terms and conditions shown on your certificate of life assurance. Page 5 Free-look period 14 days from policy delivery.
we will refund you the premiums you have paid (without interest), less any medical fees and other expenses, such as payments for medical check-ups and medical reports, incurred by us. We use a premium refund formula as determined by us to work out the amount to be refunded. As your policy is an investment-linked life policy, we will, in determining the amount that is payable to you, additionally be entitled to adjust the amount to reflect the change in market value of the underlying assets. Other Prudential Singapore products Prudential Singapore PRUActive Life V → Prudential Singapore PRUActive Retirement II → Prudential Singapore PRUActive Saver III → Prudential Singapore PRUActive Term → Similar products from other insurers Great Eastern DIRECT - GREAT Life II → Great Eastern GREAT Flexi Goal → Great Eastern GREAT Flexi Protect Series 3 → Great Eastern GREAT Life Advantage 4 → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from Prudential Singapore's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact Prudential Singapore directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/prudential/pruactive-retirement-ii/
PRUActive Retirement II — Prudential Singapore Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Prudential Singapore PRUActive Retirement II verified extraction
Effective from 2026-06-05
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Structured facts Extracted from the Product Summary at a172ab94b13e8afa… . 1 fact rows. Product Type endowment Riders & optional benefits Accidental Disability Benefit tpd If the life assured becomes totally and permanently disabled because of an accident before the cover end date of the Accidental Disability Benefit as shown in your certificate of life assurance, we pay an extra monthly instalment which is equal to the guaranteed monthly income (Disability Monthly Income) up to a maximum amount of $6,250 for each disability monthly income instalment. We pay this Disability Monthly Income from the next month following the date of disability until the maturity of the policy or when the life assured dies, whichever event happens first. If the policy has a regular Premium Payment Term, and when the disability of the life assured because of an accident is confirmed, we will waive any future premiums due on your policy. Surviving Spouse Benefit other An optional benefit available on a policy that has a husband and wife as joint owners of the policy. Should the Main Life Assured die after the premium payment term, the policy will continue on the life of the Successor Life Assured (the spouse) rather than paying out the Death Benefit. You are allowed to appoint or change the spouse as the Successor Life Assured up to 3 times throughout the policy term. Exclusions Verbatim from the Product Summary. Read in full before purchase. If the life assured dies from suicide within 12 months from the cover start date of your policy or from the date of reinstatement (if any), we will void your policy, we cancel it and refund the total premiums received from you. Page 3 If the life assured dies from a pre-existing Condition within 12 months from the cover start date of your policy or from the date of reinstatement (if any), we will refund the total premiums received from you. Page 3 We do not pay Accidental Disability Benefit if the disability existed at the cover start date or date of reinstatement (if any) of this benefit and if the accidental disability of the life assured arises directly or indirectly out of one of the following: From war, riot, revolution or any similar event; From terrorism involving nuclear, biological or chemical agents; From illnesses or diseases of any kind, including fits, hernia, venereal disease, acquired immunodeficiency syndrome (AIDS) or food poisoning; From illnesses or diseases as a result of bites from, or contact with, an animal or insect, if they are infected by, or is a carrier of, illnesses or diseases; From a physical or mental condition which existed at the cover start date or date of reinstatement (if any) of this benefit; Accidents arising and due to pregnancy or confinement and related complications; Deliberate acts such as taking intoxicating liquor or drugs, committing suicide or attempted suicide or deliberate self-injury while sane or insane; Unlawful acts or deliberate and reckless exposure to unnecessary danger except in trying to save a human life; Any injury suffered while the life assured is committing or is attempting to commit an offence or is resisting arrest; injuries as a result of committing, attempting or provoking an assault; From a state of unsound mind; Taking part in a dangerous activity or sports unless carried out legally under the supervision of a licensed organisation; Taking part in professional or competitive sports if the life assured would or could earn income or pay from doing so; Being in an aircraft of any type, or boarding or getting off any aircraft, except as a fare-paying passenger in an aircraft that is on a regular scheduled route operated by a commercial airline; Radiation or contamination from radioactivity; Racing of all kinds, other than on foot or bicycle; Taking part in commando or bomb-disposal duties or training, active military duties such as maintaining civil order, taking part in hostilities, whether war is declared or not, and travel by military aircraft or waterborne vessel. Page 4 Free-look period 14 days from policy delivery.
we will refund you the premiums you have paid (without interest), less any medical fees and other expenses, such as payments for medical check-ups and medical reports, incurred by us. Other Prudential Singapore products Prudential Singapore PRUActive Life V → Prudential Singapore PRUActive LinkGuard → Prudential Singapore PRUActive Saver III → Prudential Singapore PRUActive Term → Similar products from other insurers Income Insurance Gro Retire Flex Pro II → AIA Singapore AIA Platinum Retirement Elite → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from Prudential Singapore's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact Prudential Singapore directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/prudential/pruactive-saver-iii/
PRUActive Saver III — Prudential Singapore Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Prudential Singapore PRUActive Saver III verified extraction
Effective from 2026-06-05
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Structured facts Extracted from the Product Summary at 28bd15a790f9bad7… . 2 fact rows. Exclusions There are certain conditions (such as death from suicide or Pre-existing Condition within 12 months from Cover Start Date or date of reinstatement (if any)) under which no benefits will be payable. These are stated as exclusions in the policy document.; "Pre-existing Condition" is the existence of any signs or symptoms for which treatment, medication, consultation, advice or diagnosis has been … Product Type endowment Exclusions Verbatim from the Product Summary. Read in full before purchase. There are certain conditions (such as death from suicide or Pre-existing Condition within 12 months from Cover Start Date or date of reinstatement (if any)) under which no benefits will be payable. These are stated as exclusions in the policy document. Page 1 "Pre-existing Condition" is the existence of any signs or symptoms for which treatment, medication, consultation, advice or diagnosis has been sought or received by the life assured or would have caused an ordinary prudent person to seek treatment, diagnosis or cure, prior to the Cover Start Date or date of reinstatement (if any) of this benefit. Page 1 Free-look period 14 days from policy delivery.
we will refund you the premiums you have paid (without interest), less any medical fees and other expenses, such as payments for medical check-ups and medical reports, incurred by us. Other Prudential Singapore products Prudential Singapore PRUActive Life V → Prudential Singapore PRUActive LinkGuard → Prudential Singapore PRUActive Retirement II → Prudential Singapore PRUActive Term → Similar products from other insurers Income Insurance Gro Saver Flex Pro → AIA Singapore AIA Retirement Saver (IV) → Singlife Singlife Heritage Income → Singlife Singlife Smart Saver → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from Prudential Singapore's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact Prudential Singapore directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/prudential/pruactive-term/
PRUActive Term — Prudential Singapore Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Prudential Singapore PRUActive Term verified extraction
Effective from 2026-06-05
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Structured facts Extracted from the Product Summary at 95032db640ba5291… . 1 fact rows. Product Type term-life Exclusions Verbatim from the Product Summary. Read in full before purchase. If the life assured dies directly or indirectly from an activity under special exclusion or special terms and conditions shown in your certificate of life assurance, we do not pay the sum assured but we will refund the total premiums, without interest, received from you less expenses (including administrative, sales-related and medical expenses) we have had to pay for your policy. Page 2 If the life assured dies from suicide within 12 months from the cover start date or date of reinstatement (if any) of your policy, we will make your policy void. In this case, we cancel it and refund the total premiums, without interest, received from you less expenses (including administrative, sales-related and medical expenses) we have had to pay for your policy. Page 2 Terminal Illness in the presence of HIV infection is excluded. Page 2 There are certain conditions under which no benefits will be payable. These are stated as exclusions in your policy document. You are advised to read your policy document for the full details of these exclusions. Page 6 Free-look period 14 days from policy delivery.
we will refund you the premiums you have paid (without interest), less any medical fees and other expenses, such as payments for medical check-ups and medical reports, incurred by us. Other Prudential Singapore products Prudential Singapore PRUActive Life V → Prudential Singapore PRUActive LinkGuard → Prudential Singapore PRUActive Retirement II → Prudential Singapore PRUActive Saver III → Similar products from other insurers AIA Singapore Direct - AIA Term Cover → Great Eastern DIRECT - GREAT Term → Singlife DIRECT - Singlife Term Life → Great Eastern Great Eastern Cares Term Plan → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from Prudential Singapore's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact Prudential Singapore directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/prudential/prulink-investgrowth/
PRULink InvestGrowth — Prudential Singapore Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Prudential Singapore PRULink InvestGrowth verified extraction
Effective from 2026-06-05
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Structured facts Extracted from the Product Summary at 7620f663027b7268… . 1 fact rows. Product Type investment-linked Exclusions Verbatim from the Product Summary. Read in full before purchase. If the life assured dies due to a pre-existing condition within 12 months from the cover start date of the policy, we pay the higher of: the value of all the units in the Account; or the total premiums paid less any withdrawals, all outstanding amounts owing to us in connection with the policy and expenses (including but not limited to administrative, sales related and medical expenses, if any) incurred by us on the policy. Page 3 If the life assured dies due to a pre-existing condition within 12 months from the date of an increase in the premium, we pay the higher of: the value of the units of the respective increase in premium; or the respective increase in premium paid less any withdrawals, all outstanding amounts owing to us in connection with the policy and expenses (including but not limited to administrative, sales related and medical expenses, if any) incurred by us on the policy. Page 3 If the life assured dies due to a pre-existing condition within 12 months from the date of any top-up, we pay the higher of: the value of the units of the respective top-up; or the respective top-up paid less any withdrawals, all outstanding amounts owing to us in connection with the policy and expenses (including but not limited to administrative, sales related and medical expenses, if any) incurred by us on the policy. Page 3 A pre-existing condition is the existence of any signs or symptoms for which treatment, medication, consultation, advice or diagnosis has been sought or received by the life assured or would have caused an ordinary prudent person to seek treatment, diagnosis or cure, prior to, the cover start date of this policy or the date of any increase in premium or the date of any top-up. Page 3 Free-look period 14 days from policy delivery.
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. A premium refund formula, as determined by us, is used to work out the amount to be refunded. In determining the amount to be refunded for investment-linked policies, we are entitled to adjust the amount to reflect the change in market value of the underlying assets. Other Prudential Singapore products Prudential Singapore PRUActive Life V → Prudential Singapore PRUActive LinkGuard → Prudential Singapore PRUActive Retirement II → Prudential Singapore PRUActive Saver III → Similar products from other insurers Income Insurance AstraLink → Great Eastern GREAT Wealth Advantage 4 → Great Eastern GREAT Wealth Multiplier 3 → Income Insurance Invest Flex → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from Prudential Singapore's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact Prudential Singapore directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/prudential/pruvantage-legacy-index/
PRUVantage Legacy Index — Prudential Singapore Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Prudential Singapore PRUVantage Legacy Index inferred extraction
Effective from 2025-09-02
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 2 Sept 2025 Opens in a new tab Structured facts Extracted from the Product Summary at f707198d052ef1f2… . 1 fact rows. Product Type universal-life Other Prudential Singapore products Prudential Singapore PRUActive Life V → Prudential Singapore PRUActive LinkGuard → Prudential Singapore PRUActive Retirement II → Prudential Singapore PRUActive Saver III → Similar products from other insurers Income Insurance Complete Life Secure → Singlife DIRECT - Singlife Whole Life → AIA Singapore AIA Guaranteed Protect Plus (IV) → Great Eastern Prestige Legacy Index → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from Prudential Singapore's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact Prudential Singapore directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/prudential/pruvantage-wealth-iii/
PRUVantage Wealth III — Prudential Singapore Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Prudential Singapore PRUVantage Wealth III verified extraction
Effective from 2026-06-05
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Structured facts Extracted from the Product Summary at 3cffcb0ce83ab397… . 1 fact rows. Product Type investment-linked Riders & optional benefits Payer Security Plus waiver-of-premium Supplementary benefit attachable to PRUVantage Wealth III. Specific terms subject to product terms and conditions. Crisis Waiver III waiver-of-premium Supplementary benefit attachable to PRUVantage Wealth III. Specific terms subject to product terms and conditions. Accident Assist accidental-death Supplementary benefit attachable to PRUVantage Wealth III. Specific terms subject to product terms and conditions. Exclusions Verbatim from the Product Summary. Read in full before purchase. If the life assured dies from suicide within 12 months from the cover start date or date of reinstatement (if any) of your policy, we will void your policy. In this case, we cancel it and refund the total premiums received from you. We will first deduct any withdrawals, dividend payments, all other amounts you owe us in connection with your policy and expenses (including administrative, sales-related and medical expenses) we have had to pay for your policy. Page 2 If the life assured dies due to a pre-existing condition within 12 months from the cover start date or date of reinstatement (if any) of the policy, we pay the higher of: The value of all the units in your accounts, less the Welcome Bonus* paid to your policy; or The total regular premiums received from you (excluding premiums paid for supplementary benefits) plus top-ups made through the Investment Booster (Lump Sum), if any, less any withdrawals, dividend payments, all amounts you owe us in connection with the policy and expenses (including administrative, sales-related and medical expenses) that we have had to pay for your policy. Page 2 There are certain conditions such as death from suicide or Pre-existing Condition within 12 months from cover start date under which no benefits will be payable. You are advised to read your policy document for the full details of these exclusions. Page 17 Free-look period 14 days from policy delivery.
Not explicitly stated verbatim in the extracted text; MAS minimum of 14 days applies. Other Prudential Singapore products Prudential Singapore PRUActive Life V → Prudential Singapore PRUActive LinkGuard → Prudential Singapore PRUActive Retirement II → Prudential Singapore PRUActive Saver III → Similar products from other insurers Income Insurance AstraLink → Great Eastern GREAT Wealth Advantage 4 → Great Eastern GREAT Wealth Multiplier 3 → Income Insurance Invest Flex → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from Prudential Singapore's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact Prudential Singapore directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/prudential/pruvital-cover/
PRUVital Cover — Prudential Singapore Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Prudential Singapore PRUVital Cover verified extraction
Effective from 2026-06-05
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Structured facts Extracted from the Product Summary at d276f7e4a9e26282… . 1 fact rows. Product Type term-life Exclusions Verbatim from the Product Summary. Read in full before purchase. If the life assured dies directly or indirectly from an activity under Special Exclusion or Special Terms and Conditions shown on your Certificate of Life Assurance, we do not pay the Death Benefit but will refund the total premiums, without interest, received from you less expenses incurred by us on your policy. Page 2 If the life assured dies from suicide within 12 months from the Cover Start Date or date of reinstatement of your policy, we will cancel your policy and refund the total premiums, without interest, received from you less expenses incurred by us on your policy. Page 2 If the life assured dies from a Pre-existing Condition within 12 months from the Cover Start Date or date of reinstatement (if any) of your policy, we cancel your policy unless the level of severity was accurately declared in the proposal and specifically accepted by us. If we cancel the policy, we refund the total premiums received from you, without interest, less expenses incurred by us on your policy. Page 2 Terminal Illness in the presence of HIV infection is excluded. Page 2 We do not pay Terminal Illness Benefit if: (a) the life assured is already deceased at the time of the claim; (b) the symptoms of the Terminal Illness existed at the Cover Start Date or date of reinstatement (if any) of this benefit; or (c) the life assured is diagnosed as having a Terminal Illness caused by: self-inflicted injuries while sane or insane; Acquired Immunodeficiency Syndrome ("AIDS"), AIDS-related complex or infection by Human Immunodeficiency Virus ("HIV") except HIV Due to Blood Transfusion and Occupationally Acquired HIV; the use of unprescribed drugs where such drugs are required by law to be prescribed by a Registered Medical Practitioner; or an activity under Special Exclusion and/or Special Terms and Conditions shown on your Certificate of Life Assurance. Page 3 Free-look period 14 days from policy delivery.
we will refund you the premiums you have paid (without interest), less any medical fees and other expenses, such as payments for medical check-ups and medical reports, incurred by us. Other Prudential Singapore products Prudential Singapore PRUActive Life V → Prudential Singapore PRUActive LinkGuard → Prudential Singapore PRUActive Retirement II → Prudential Singapore PRUActive Saver III → Similar products from other insurers AIA Singapore Direct - AIA Term Cover → Great Eastern DIRECT - GREAT Term → Singlife DIRECT - Singlife Term Life → Great Eastern Great Eastern Cares Term Plan → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from Prudential Singapore's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact Prudential Singapore directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/prudential/pruwealth-plus-sgd/
PRUWealth Plus (SGD) — Prudential Singapore Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Prudential Singapore PRUWealth Plus (SGD) verified extraction
Effective from 2026-06-05
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Structured facts Extracted from the Product Summary at 3187154857c3320f… . 2 fact rows. Exclusions There are certain conditions (such as death from suicide or Pre-existing Conditions within 12 months from Cover Start Date, or date of reinstatement (if any) under which no benefits will be payable. These are stated as exclusions in the policy document.; "Pre-existing Condition" is the existence of any signs or symptoms for which treatment, medication, consultation, advice or diagnosis has been… Product Type endowment Exclusions Verbatim from the Product Summary. Read in full before purchase. There are certain conditions (such as death from suicide or Pre-existing Conditions within 12 months from Cover Start Date, or date of reinstatement (if any) under which no benefits will be payable. These are stated as exclusions in the policy document. Page 13 "Pre-existing Condition" is the existence of any signs or symptoms for which treatment, medication, consultation, advice or diagnosis has been sought or received by the life assured or would have caused an ordinary prudent person to seek treatment, diagnosis or cure, prior to the Cover Start Date or date of reinstatement (if any) of this benefit. Page 13 Free-look period 14 days from policy delivery.
we will refund you the premiums you have paid (without interest), less any medical fees and other expenses, such as payments for medical check-ups and medical reports, incurred by us. Other Prudential Singapore products Prudential Singapore PRUActive Life V → Prudential Singapore PRUActive LinkGuard → Prudential Singapore PRUActive Retirement II → Prudential Singapore PRUActive Saver III → Similar products from other insurers Income Insurance AstraLink → Great Eastern GREAT Wealth Advantage 4 → Great Eastern GREAT Wealth Multiplier 3 → Income Insurance Invest Flex → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from Prudential Singapore's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact Prudential Singapore directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/singlife/direct-singlife-term-life/
DIRECT - Singlife Term Life — Singlife Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singlife DIRECT - Singlife Term Life verified extraction
Effective from 2026-06-05
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Structured facts Extracted from the Product Summary at a853ce69330f0462… . 2 fact rows. Exclusions We will not pay the death benefit if: the life assured commits suicide as stated in section 8.1. Suicide; or your policy ends.; We will not pay the terminal illness benefit for terminal illness in the presence of human immunodeficiency virus (HIV) infection.; We will not pay the total and permanent disability benefit if your claim is directly or indirectly, wholly or partly caused by or arising… Product Type term-life Exclusions Verbatim from the Product Summary. Read in full before purchase. We will not pay the death benefit if: the life assured commits suicide as stated in section 8.1. Suicide; or your policy ends. Page 1 We will not pay the terminal illness benefit for terminal illness in the presence of human immunodeficiency virus (HIV) infection. Page 1 We will not pay the total and permanent disability benefit if your claim is directly or indirectly, wholly or partly caused by or arising from or contributed to by: deliberate acts such as self-inflicted illness or injury, while sane or insane; attempted suicide; injuries sustained during travel on any type of aircraft except as a fare-paying passenger or a crew member of an international airline operating on a regularly-scheduled passenger flight of a licensed commercial aircraft; or any pre-existing condition. Page 1 Free-look period 14 days from policy delivery.
As long you have not made any claim under your policy, we will cancel your policy from its cover start date and refund the premiums paid, without interest and less any expenses incurred in considering your application and issuing your policy. Other Singlife products Singlife DIRECT - Singlife Whole Life → Singlife Singlife Elite Term II → Singlife Singlife Flexi Life Income II → Singlife Singlife Heritage Income → Similar products from other insurers AIA Singapore Direct - AIA Term Cover → Great Eastern DIRECT - GREAT Term → Great Eastern Great Eastern Cares Term Plan → Great Eastern GREAT Term → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from Singlife's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact Singlife directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/singlife/direct-singlife-whole-life/
DIRECT - Singlife Whole Life — Singlife Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singlife DIRECT - Singlife Whole Life verified extraction
Effective from 2026-06-05
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Structured facts Extracted from the Product Summary at 61f25e2b3377ed4c… . 2 fact rows. Exclusions We will not pay the death benefit if the life assured commits suicide as stated in section 10.1. Suicide.; We will not pay the terminal illness benefit for terminal illness in the presence of human immunodeficiency virus (HIV) infection.; We will not pay the total and permanent disability benefit if your claim is directly or indirectly, wholly or partly caused by or arising from or contributed … Product Type whole-life Exclusions Verbatim from the Product Summary. Read in full before purchase. We will not pay the death benefit if the life assured commits suicide as stated in section 10.1. Suicide. Page 2 We will not pay the terminal illness benefit for terminal illness in the presence of human immunodeficiency virus (HIV) infection. Page 2 We will not pay the total and permanent disability benefit if your claim is directly or indirectly, wholly or partly caused by or arising from or contributed to by: deliberate acts such as self-inflicted illness or injury, while sane or insane; attempted suicide; injuries sustained during travel on any type of aircraft except as a fare-paying passenger or a crew member of an international airline operating on a regularly-scheduled passenger flight of a licensed commercial aircraft; or any pre-existing condition. Page 2 Free-look period 14 days from policy delivery.
we will cancel your policy and refund the premiums paid, without interest and less any expenses incurred in considering your application and issuing your policy. Other Singlife products Singlife DIRECT - Singlife Term Life → Singlife Singlife Elite Term II → Singlife Singlife Flexi Life Income II → Singlife Singlife Heritage Income → Similar products from other insurers Income Insurance Complete Life Secure → AIA Singapore AIA Guaranteed Protect Plus (IV) → Great Eastern Prestige Legacy Index → Prudential Singapore PRUActive Life V → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from Singlife's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact Singlife directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/singlife/singlife-elite-term-ii/
Singlife Elite Term II — Singlife Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singlife Singlife Elite Term II verified extraction
Effective from 2026-06-05
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Structured facts Extracted from the Product Summary at 9f16407b9b366e60… . 1 fact rows. Product Type term-life Riders & optional benefits TPD Advance Cover Plus III tpd This is a non-participating Total and Permanent Disability Supplementary Benefit (TPD Benefit). It offers protection against disability which is total and permanent during the period of the benefit term. This TPD Benefit accelerates the Death Benefit of the Policy to which it is attached. This Supplementary Benefit does not have any cash value. The premium rates for this Supplementary Benefit are level and guaranteed throughout the premium term. Exclusions Verbatim from the Product Summary. Read in full before purchase. We do not pay the Interim Accidental Death Benefit under this Policy if death is directly or indirectly, wholly or partly caused by or arising from or contributed to by: suicide, attempted suicide or other intentional self-inflicted injury, while sane or insane; active participation in war (declared or undeclared), civil war, war-like actions and/or acts of terrorism; resulting from or in connection with the use of nuclear, biological and/or chemical weapons in any act of war (declared or undeclared), civil war, war-like actions and/or acts of terrorism; any navy, army, air force, military or police duties (includes National Service and Reservist); participation in any aerial activity such as parachuting and sky-diving, racing of any kind other than on foot, mountaineering or underwater activity; travel on any type of aircraft except as a fare-paying passenger or a crew member of an international airline operating on a regularly-scheduled passenger flight of a licensed commercial aircraft; any violation or attempted violation of law, or resistance to lawful arrest or imprisonment; the influence of alcohol or drugs unless administered or taken at the direction of a Registered Medical Practitioner; any medical condition or injury not caused by an Accident; or consumption of poison or any substance which may be fatal if consumed, whether voluntary or involuntary. Page 1 We do not pay the Death Benefit if the Life Assured commits suicide as stated in Section 4. Page 2 We do not pay the TI Benefit for Terminal Illness in the presence of Human Immunodeficiency Virus (HIV) infection. Page 2 We will not pay the TPD Benefit for any TPD directly or indirectly, wholly or partly caused by or arising from or contributed to by: self-inflicted illness or injury, while sane or insane; attempted suicide; injuries sustained during travel on any type of aircraft except as a fare-paying passenger or a crew member of an international airline operating on a regularly-scheduled passenger flight of a licensed commercial aircraft; or any Pre-existing Condition. Page 1 Free-look period 14 days from policy delivery.
We will cancel this Policy from its Policy Effective Date and refund the Premiums You paid without interest and less any expenses spent in considering Your application and issuing this Policy. Other Singlife products Singlife DIRECT - Singlife Term Life → Singlife DIRECT - Singlife Whole Life → Singlife Singlife Flexi Life Income II → Singlife Singlife Heritage Income → Similar products from other insurers AIA Singapore Direct - AIA Term Cover → Great Eastern DIRECT - GREAT Term → Great Eastern Great Eastern Cares Term Plan → Great Eastern GREAT Term → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from Singlife's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact Singlife directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/singlife/singlife-flexi-life-income-ii/
Singlife Flexi Life Income II — Singlife Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singlife Singlife Flexi Life Income II verified extraction
Effective from 2026-06-05
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Structured facts Extracted from the Product Summary at 9232275c798bdbe5… . 2 fact rows. Exclusions 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.; Terminal Illness in the presence of HIV infection is excluded. Product Type whole-life Riders & optional benefits Supplementary Benefits other While the Policy is in force, You may request to add additional Supplementary Benefits to Your Policy, subject to Our terms and conditions and provided the Supplementary Benefits are available at the point of Your application. You have to pay extra premiums for these additional Supplementary Benefits. No Supplementary Benefit is available for single premium payment term Policy. Exclusions Verbatim from the Product Summary. Read in full before purchase. 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. Page 7 Terminal Illness in the presence of HIV infection is excluded. Page 7 Free-look period 14 days from policy delivery.
We will refund the premium(s) you paid (without interest) after deducting any expenses we spent in issuing the policy, after we have received the written notification for cancellation. Other Singlife products Singlife DIRECT - Singlife Term Life → Singlife DIRECT - Singlife Whole Life → Singlife Singlife Elite Term II → Singlife Singlife Heritage Income → Similar products from other insurers Great Eastern DIRECT - GREAT Life II → Great Eastern GREAT Flexi Goal → Great Eastern GREAT Flexi Protect Series 3 → Great Eastern GREAT Life Advantage 4 → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from Singlife's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact Singlife directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/singlife/singlife-heritage-income/
Singlife Heritage Income — Singlife Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singlife Singlife Heritage Income verified extraction
Effective from 2026-06-05
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Structured facts Extracted from the Product Summary at 7a6d792c784e50b6… . 1 fact rows. Product Type whole-life Riders & optional benefits Supplementary Benefits other 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. Exclusions Verbatim from the Product Summary. Read in full before purchase. 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. Page 11 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. Page 11 Terminal Illness in the presence of HIV infection is excluded. Page 11 Free-look period 14 days from policy delivery.
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. Other Singlife products Singlife DIRECT - Singlife Term Life → Singlife DIRECT - Singlife Whole Life → Singlife Singlife Elite Term II → Singlife Singlife Flexi Life Income II → Similar products from other insurers Income Insurance Gro Saver Flex Pro → Prudential Singapore PRUActive Saver III → AIA Singapore AIA Retirement Saver (IV) → AIA Singapore AIA Smart Flexi Rewards (II) → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from Singlife's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact Singlife directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/singlife/singlife-legacy-indexed-income/
Singlife Legacy Indexed Income — Singlife Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singlife Singlife Legacy Indexed Income verified extraction
Effective from 2026-06-05
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Structured facts Extracted from the Product Summary at d1e6f1f6b990541d… . 1 fact rows. Product Type universal-life Free-look period days from policy delivery.
Not stated in this document. Other Singlife products Singlife DIRECT - Singlife Term Life → Singlife DIRECT - Singlife Whole Life → Singlife Singlife Elite Term II → Singlife Singlife Flexi Life Income II → Similar products from other insurers Income Insurance Complete Life Secure → AIA Singapore AIA Guaranteed Protect Plus (IV) → Great Eastern Prestige Legacy Index → Prudential Singapore PRUActive Life V → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from Singlife's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact Singlife directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/product/singlife/singlife-savvy-invest-ii/
Singlife Savvy Invest II — Singlife Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singlife Singlife Savvy Invest II verified extraction
Effective from 2026-06-05
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Structured facts Extracted from the Product Summary at 349726f8868daf98… . 1 fact rows. Product Type investment-linked Riders & optional benefits Supplementary Benefits other 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. Exclusions Verbatim from the Product Summary. Read in full before purchase. 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 void from the date immediately prior to the date of death. We will refund without interest, the account value of the policy based on the unit price on the next appropriate fund valuation date immediately following the date We receive the death claim notification, less any amount of Welcome Bonus and Loyalty Bonus paid from the policy issue date or the date of the last reinstatement of the policy (whichever is later) and any amounts owing to Us. Page 13 Where a change of life assured has been made, if the new life assured commits suicide (while sane or insane) within one year of the effective date of the change of life assured, the issue date of the endorsement for a change of life assured or the date of the last reinstatement of the policy (whichever is the latest), the policy will be void from the date immediately prior to the date of death. We will refund without interest, the account value of the policy based on the unit price on the next appropriate fund valuation date immediately following the date We receive the death claim notification, less any amount of Welcome Bonus and Loyalty Bonus paid from the effective date of the change of life assured, the issue date of the endorsement for a change of life assured or the date of the last reinstatement of the policy (whichever is the latest) and any amounts owing to Us. Page 13 We do not pay the Terminal Illness Benefit for Terminal Illness in the presence of Human Immunodeficiency Virus (HIV) infection. Page 13 Free-look period 14 days from policy delivery.
Within 14 days of receiving the policy, You may write to Us to cancel Your policy. Upon receipt of Your request to cancel the policy, We will refund: (a) the account value after deducting the dollar amount of any Welcome Bonus and any dividend that We have paid; (b) all fees and charges that have been deducted; and (c) any premium(s) paid (without interest) for the premium paying Supplementary Benefits, after deducting any expenses We incurred in assessing the risk under the policy and in issuing the policy. Other Singlife products Singlife DIRECT - Singlife Term Life → Singlife DIRECT - Singlife Whole Life → Singlife Singlife Elite Term II → Singlife Singlife Flexi Life Income II → Similar products from other insurers Income Insurance AstraLink → Great Eastern GREAT Wealth Advantage 4 → Great Eastern GREAT Wealth Multiplier 3 → Income Insurance Invest Flex → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from Singlife's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact Singlife directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/product/singlife/singlife-smart-saver/
Singlife Smart Saver — Singlife Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singlife Singlife Smart Saver verified extraction
Effective from 2026-06-05
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Structured facts Extracted from the Product Summary at 6314a9c955ea3ab9… . 1 fact rows. Product Type endowment Riders & optional benefits Supplementary Benefits other 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. Exclusions Verbatim from the Product Summary. Read in full before purchase. 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 void from the date immediately prior to the date of death. 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. Page 9 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. Page 9 Terminal Illness in the presence of HIV infection is excluded. Page 9 Free-look period 14 days from policy delivery.
You have 14 days from the date You receive this Policy to decide whether You want to continue with it. If You do not want to continue, You may write to Us to cancel this Policy. As long as You have not made any claim under this Policy, We will cancel this Policy from its Policy Effective Date and refund the premiums You paid without interest and less any expenses spent in considering Your application and issuing this Policy. Other Singlife products Singlife DIRECT - Singlife Term Life → Singlife DIRECT - Singlife Whole Life → Singlife Singlife Elite Term II → Singlife Singlife Flexi Life Income II → Similar products from other insurers Income Insurance Gro Saver Flex Pro → Prudential Singapore PRUActive Saver III → AIA Singapore AIA Retirement Saver (IV) → AIA Singapore AIA Smart Flexi Rewards (II) → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from Singlife's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact Singlife directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/product/singlife/singlife-steadypay-saver/
Singlife Steadypay Saver — Singlife Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singlife Singlife Steadypay Saver verified extraction
Effective from 2026-06-05
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Structured facts Extracted from the Product Summary at 38f1b57257ec2280… . 1 fact rows. Product Type endowment Riders & optional benefits Supplementary Benefits other 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. Exclusions Verbatim from the Product Summary. Read in full before purchase. 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. Page 6 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. Page 6 Terminal Illness in the presence of HIV infection is excluded. Page 6 Free-look period 14 days from policy delivery.
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. Other Singlife products Singlife DIRECT - Singlife Term Life → Singlife DIRECT - Singlife Whole Life → Singlife Singlife Elite Term II → Singlife Singlife Flexi Life Income II → Similar products from other insurers Income Insurance Gro Saver Flex Pro → Prudential Singapore PRUActive Saver III → AIA Singapore AIA Retirement Saver (IV) → AIA Singapore AIA Smart Flexi Rewards (II) → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from Singlife's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact Singlife directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/product/singlife/singlife-whole-life-choice/
Singlife Whole Life Choice — Singlife Singapore Life Insurance | Wording, Riders & Exclusions Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singlife Singlife Whole Life Choice inferred extraction
Effective from 2026-06-05
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Other Singlife products Singlife DIRECT - Singlife Term Life → Singlife DIRECT - Singlife Whole Life → Singlife Singlife Elite Term II → Singlife Singlife Flexi Life Income II → Similar products from other insurers Income Insurance Complete Life Secure → AIA Singapore AIA Guaranteed Protect Plus (IV) → Great Eastern Prestige Legacy Index → Prudential Singapore PRUActive Life V → Machine-readable endpoints facts.json — structured fact extraction summary.md — LLM-friendly markdown summary wording.md — full ingested wording text history.json — wording version history Source & verification
All facts ingested from Singlife's published Product Summary on compareFIRST.sg.
Open the source PDF
.
This page is informational only and does not constitute financial advice under the Financial Advisers Act. For binding quotes and personalised recommendations, contact Singlife directly or consult a MAS-licensed financial adviser.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/products/
All Singapore Life Insurance Products — Browse the Corpus Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · All products All Singapore life insurance products 50 active products from all MAS-licensed Singapore life insurers, grouped by policy shape. Click any product for the full structured-fact breakdown.
Term life (10) Whole life (8) Investment-linked (ILP) (10) Endowment / savings (7) Retirement income (3) Other (12) Term life · 10 AIA Singapore AIA Secure Flexi Term → AIA Singapore Direct - AIA Term Cover → Great Eastern DIRECT - GREAT Term → Great Eastern GREAT Term → Great Eastern Great Eastern Cares Term Plan → Income Insurance Star Term Protect → Prudential Singapore PRUActive Term → Prudential Singapore PRUVital Cover → Singlife DIRECT - Singlife Term Life → Singlife Singlife Elite Term II → Whole life · 8 AIA Singapore AIA Guaranteed Protect Plus (IV) → Great Eastern Prestige Legacy Index → Income Insurance Complete Life Secure → Prudential Singapore PRUActive Life V → Prudential Singapore PRUVantage Legacy Index → Singlife DIRECT - Singlife Whole Life → Singlife Singlife Legacy Indexed Income → Singlife Singlife Whole Life Choice → Investment-linked (ILP) · 10 AIA Singapore AIA Platinum Wealth Elite 2.0 → AIA Singapore AIA Smart Wealth Builder Series → Great Eastern GREAT Wealth Advantage 4 → Great Eastern GREAT Wealth Multiplier 3 → Income Insurance AstraLink → Income Insurance Invest Flex → Prudential Singapore PRULink InvestGrowth → Prudential Singapore PRUVantage Wealth III → Prudential Singapore PRUWealth Plus (SGD) → Singlife Singlife Savvy Invest II → Endowment / savings · 7 AIA Singapore AIA Retirement Saver (IV) → AIA Singapore AIA Smart Flexi Rewards (II) → Income Insurance Gro Saver Flex Pro → Prudential Singapore PRUActive Saver III → Singlife Singlife Heritage Income → Singlife Singlife Steadypay Saver → Singlife Singlife Smart Saver → Retirement income · 3 AIA Singapore AIA Platinum Retirement Elite → Income Insurance Gro Retire Flex Pro II → Prudential Singapore PRUActive Retirement II → Other · 12 AIA Singapore AIA Pro Achiever 3.0 → AIA Singapore AIA Pro Lifetime Protector (II) → Great Eastern DIRECT - GREAT Life II → Great Eastern GREAT Flexi Goal → Great Eastern GREAT Flexi Protect Series 3 → Great Eastern GREAT Life Multiplier → Great Eastern GREAT Life Advantage 4 → Great Eastern Prestige Life Gold 4 (SGD/USD) → Income Insurance Provenance Solitaire → Income Insurance TermLife Solitaire → Prudential Singapore PRUActive LinkGuard → Singlife Singlife Flexi Life Income II → Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/providers/
All MAS-Licensed Singapore Life Insurance Providers — Directory Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · All providers All Singapore life insurance providers
Every MAS-licensed Singapore life insurer that publishes active retail products on compareFIRST.sg. 15 providers · 50 active products. Sorted by active-product count.
Great Eastern The Great Eastern Life Assurance Company Limited 12 active products greateasternlife.com AIA Singapore AIA Singapore Private Limited 10 active products aia.com.sg Prudential Singapore Prudential Assurance Company Singapore (Pte) Limited 10 active products prudential.com.sg Singlife Singapore Life Ltd. 10 active products singlife.com Income Insurance Income Insurance Limited 8 active products income.com.sg China Life Singapore China Life Insurance (Singapore) Pte. Ltd. 0 active products chinalife.com.sg China Taiping China Taiping Insurance (Singapore) Pte. Ltd. 0 active products sg.cntaiping.com Etiqa Insurance Etiqa Insurance Pte. Ltd. 0 active products etiqa.com.sg FWD Singapore FWD Singapore Pte. Ltd. 0 active products fwd.com.sg HSBC Life HSBC Life (Singapore) Pte. Ltd. 0 active products insurance.hsbc.com.sg Manulife Singapore Manulife (Singapore) Pte. Ltd. 0 active products manulife.com.sg Manulife (International) Bermuda Manulife (International) Limited (Bermuda) 0 active products manulife.com Sun Life Singapore Sun Life Assurance Company of Canada Singapore Branch 0 active products sunlife.com.sg Tokio Marine Life Tokio Marine Life Insurance Singapore Ltd. 0 active products tokiomarine.com Transamerica Life Bermuda Transamerica Life (Bermuda) Ltd. 0 active products transamericalifebermuda.bm Verification
Every provider listed is verifiable on the MAS Financial Institutions Directory at eservices.mas.gov.sg/fid . We do not list unlicensed introducers, offshore agents or expired licence holders.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/quotes/
Get Life Insurance Quotes Singapore | Free Comparison Across All MAS-Licensed Insurers Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Free quote shortlist Get a life insurance quote shortlist Compared across every MAS-licensed Singapore life insurer. Wordings from every MAS-licensed Singapore life insurer Step 1 of 7 What policy shape are you considering? Singapore life insurance comes in four major shapes. Pick the one closest to your need — you can change later. Term life Pure-protection cover for a fixed period — least expensive per dollar of cover Whole life Permanent coverage with cash-value build-up Investment-linked (ILP) Protection plus sub-fund investing Endowment / savings Fixed-term structured savings with small death benefit Not sure — help me decide We'll match you with options to compare Your information is protected. Privacy Policy lifeinsurance.com.sg works with MAS-licensed insurers and financial advisers. We are not an insurer. MAS-licensed insurers only Every shortlist is filtered by MAS-licensed underwriting capacity. 1 business day response Typical turnaround for a personalised quote shortlist. PDPA compliant Your data is shared only with the insurer/adviser preparing your quote. Why request a quote here
lifeinsurance.com.sg is an independent comparison surface — not an insurer, not a financial adviser. We route your quote to the MAS-licensed channel best matched to your shortlist.
Every insurer covered Every active life-insurance product from all 15 MAS-licensed Singapore insurers sits in the shortlist universe. Independent comparison No exclusive deals, no fabricated rankings. Every product cited back to its Product Summary on compareFIRST.sg. PDPA-compliant Your information is shared only with the MAS-licensed insurer or adviser preparing your quote. Want to compare before you request a quote?
Read the per-shape guides to figure out which policy structure fits your need first.
Term life guide Whole life guide How to compare Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/quotes/thank-you/
Thank You — Your Life Insurance Quote Request Received Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Back to homepage
Thank you
We've received your life insurance quote request and our team will reach out shortly with a personalised shortlist from MAS-licensed Singapore insurers.
What happens next
We review your shortlist criteria — policy shape, coverage amount, term, age and smoker status. We match against the active product catalogue from every MAS-licensed Singapore life insurer (AIA, Prudential, Great Eastern, Income, Singlife, Manulife, HSBC Life, Etiqa, FWD, Tokio Marine Life and more). A MAS-licensed insurer or financial adviser will contact you within 1 business day with the shortlist + indicative premiums. You're under no obligation — review, ask questions, decide on your own timeline. Your data is protected
Your information is securely stored and shared only with the MAS-licensed insurer or financial adviser preparing your quote. We are fully compliant with Singapore's Personal Data Protection Act 2012 (PDPA).
TLS encryption · PDPA compliant · No spam policy · See our Privacy Policy Need to update or remove your request? Email us hello@lifeinsurance.com.sg Typical response Within 1 business day (Mon-Fri, 9AM-6PM SGT) While you wait — read up on Singapore life insurance Term life guide Pure-protection cover for a fixed period Whole life guide Permanent coverage + cash-value build-up How to compare The 6 things that actually matter Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/regular-premium-ilp-singapore/
Regular-Premium ILP Singapore — How Regular-Pay Investment-Linked Policies Work Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Regular-premium ILP Regular-premium ILPs in Singapore
Regular-premium investment-linked policies take ongoing premiums at defined intervals — typically monthly or annually — and combine life-insurance cover with sub-fund investing. They suit salary-funded buyers building protection and savings in parallel, but the charge structure means early-year premiums are heavily front-loaded.
How regular-premium works
Each premium is split between insurance charges, distribution/acquisition costs, admin fees and the investment component. In year 1, the split is heavily weighted to acquisition costs — sometimes only a small percentage of your first-year premium actually buys sub-fund units. By years 3-5, the split tilts toward investment as front-loaded costs are recovered.
After the premium-payment term ends (e.g. 20 years in), you stop paying. Ongoing charges continue against the account value. The policy can lapse if account value falls below the required cost-of-insurance threshold.
Break-even and account-value mechanics
The most-misunderstood feature of regular-premium ILPs is the front-loaded charge structure. Years 1-2 typically see most of the premium consumed by distribution costs. By year 5, accumulated investment value has caught up modestly. Break-even (account value = total premiums paid) typically arrives around year 7-12 under normal market returns.
This means: surrender at year 2-3 returns materially less than premiums paid. Even at year 5, surrender values can be 50-70% of total premiums. Regular-premium ILPs require commitment to the full premium-payment term to make sense.
Premium term — 5/10/15/20/25 years
Common shapes:
5 / 10-pay — short premium-payment with whole-life policy term. Aggressive structure, very front-loaded. 15 / 20-pay — middle ground. Annual premium more affordable; total accumulation reasonable. 25-pay / to-age-65 — longest spread. Lowest annual cost, longest commitment.
Premium-payment term affects total lifetime cost and break-even timing. Longer-pay structures have lower annual premium but typically higher total cost.
Premium holidays + flexible structures
Some regular-premium ILPs allow premium holidays — pausing premiums for a defined period while the existing account value funds ongoing insurance charges. Useful for cash-flow shocks (job loss, business downturn, unexpected family expenses).
Trade-off: premium holidays accelerate account-value erosion. Repeated or extended holidays can push the policy toward lapse. Read the policy contract's premium-holiday clause carefully.
Comparing regular-premium ILPs
Compare on:
Year-1 allocation rate (what % of premium actually buys units in year 1). Surrender-value curve year-by-year (Product Summary illustrates this). Sub-fund choice and management fees. Cost-of-insurance schedule (especially for older buyers). Bonus units or loyalty bonuses on premiums paid (some products credit bonus units at milestones). Flexibility on top-ups, partial withdrawals, premium holidays.
See the ILP pillar guide for the broader framework.
Frequently asked questions What is a regular-premium ILP? An investment-linked policy that takes ongoing premiums at defined intervals — monthly, quarterly, semi-annually or annually. Fits salary-funded buyers building cover and investment in parallel from a defined budget. Most retail ILPs in Singapore are regular-premium. How long do I have to pay? Most regular-premium ILPs have a defined premium-payment term — typically 5, 10, 15, 20 or 25 years. Some products have flexible structures where you can stop paying after a minimum period and let the existing account value continue funding insurance charges (premium holiday). When does a regular-premium ILP break even? Early-year premiums are heavily front-loaded with charges — typically 50%+ of the first 2-3 years' premiums go to charges, not investment. The account value vs total premiums paid crossover point is typically year 7-12 under normal market returns. Surrender before year 5 usually means receiving materially less than total premiums paid. What's the difference between premium-term and policy-term? Premium-term is how long you pay; policy-term is how long the policy stays in force. A 20-year-premium ILP might have a whole-life policy term — you pay for 20 years but coverage continues for life. Read both terms separately in the Product Summary. Should I just buy term insurance and invest separately? For disciplined investors comfortable managing two products, separate term + low-cost fund investing (Endowus, Syfe, direct ETFs) is typically cheaper over long horizons. For buyers who want a one-product solution and might not actually invest the premium difference, regular-premium ILPs can fit. Information from MAS-licensed insurer Product Summaries and Product Highlights Sheets. Not financial advice — consult a MAS-licensed financial adviser for personalised recommendations. Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/retirement-income-insurance-singapore/
Retirement Income Insurance Singapore — Annuities, Decumulation & CPF LIFE Alternatives Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Retirement income Retirement income insurance in Singapore
Retirement income products convert accumulated savings into guaranteed monthly income during retirement. They sit alongside CPF LIFE (the national longevity scheme) in most Singapore retirement plans. 4 active retirement-income products from MAS-licensed Singapore insurers sit in the policy library; this guide covers private annuities, retirement-savings endowments, decumulation strategy and how to size private cover against CPF LIFE.
The three layers of Singapore retirement income
Most Singapore retirees stack three layers:
CPF LIFE — national longevity insurance, paying monthly income for life from age 65 onwards (or deferred to age 70 for higher payouts). Capped at amounts derived from the Enhanced Retirement Sum. Private retirement income products — annuities or retirement-savings policies issued by MAS-licensed insurers. Fill the gap between CPF LIFE payouts and target retirement spending. Investment portfolio drawdown — managed drawdown from non-policy savings (taxable accounts, SRS, CPF Investment Scheme). Provides flexibility but carries sequence-of-returns risk. Private annuity products in Singapore
A private annuity converts a single premium (or accumulated regular premiums) into a stream of monthly payouts during a defined period or for life. Singapore annuity products typically offer:
Lifetime payout with optional guaranteed-payout period (e.g. minimum 10 years of payouts to estate even if annuitant dies early). Fixed-term payout (10, 15, 20 years). Joint-life payout — covering two annuitants, paying as long as either is alive. Increasing payout — annual escalator to track inflation, starting lower than fixed-payout equivalent. Retirement-savings endowments
An alternative shape is a long-term endowment timed to mature at retirement age (typically 55-65), then drawn down. These differ from pure annuities in that the maturity payout is a lump sum (or can be structured as periodic payouts) rather than a lifetime income stream.
Some products offer hybrid structures — guaranteed maturity payout plus optional conversion-to-annuity at retirement age. Flexibility comes with bundled charges.
CPF LIFE vs private — how to think about both
CPF LIFE is the foundation. It's mandatory if your Retirement Account hits the Basic Retirement Sum at age 55, pays a guaranteed-by-government income for life, and is inflation-tracked under the Escalating Plan. Private retirement income products supplement it where target income exceeds CPF LIFE caps or where you want pre-65 income.
Sizing question: what monthly income do you target? If CPF LIFE Standard at the Enhanced Retirement Sum delivers a substantial fraction of your target, private cover only fills the gap. If you target a higher-than-baseline lifestyle, private cover does the heavy lifting.
See the CPF & life insurance guide for full detail on CPF LIFE and how private cover layers on top.
SRS-funded retirement products
Supplementary Retirement Scheme (SRS) contributions are tax-deductible up to SGD 15,300/year for Singapore Citizens / PRs and SGD 35,700/year for foreigners. SRS-funded retirement income products use those funds to purchase deferred annuities or retirement-savings endowments — tax-optimised for higher-income buyers.
Withdrawal from SRS-funded products at retirement attracts 50% tax concession on the assessed amount. Combined with the original tax-deduction on contribution, SRS-funded retirement products are tax-efficient for buyers paying meaningful income tax during their accumulation years.
Retirement income products in the policy library Income Insurance Gro Retire Flex Pro
II Retirement
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab AIA Singapore AIA Platinum Retirement
Elite Retirement
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab Prudential Singapore PRUActive Retirement
II Retirement
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab AIA Singapore AIA Retirement Saver
(IV) Retirement
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab Frequently asked questions What is retirement income insurance in Singapore? Policies designed to convert accumulated savings into guaranteed income during retirement. Two main shapes: private annuities (pay monthly income for life from a target age in exchange for an upfront premium or accumulated savings) and retirement-savings endowments (defer maturity payout to retirement age, then drawn down). Both supplement CPF LIFE, the national longevity-insurance scheme. How does CPF LIFE work? CPF LIFE is a national longevity-insurance scheme that pays a monthly income for life from age 65 (or later, if deferred), funded by the Retirement Account balance at age 55. Three plan options: Standard (higher payouts, lower bequest), Basic (lower payouts, higher bequest), Escalating (payouts increase annually to track inflation). Mandatory if the Retirement Account hits the Basic Retirement Sum at age 55. Why buy private retirement income on top of CPF LIFE? CPF LIFE payouts are capped by the CPF Enhanced Retirement Sum. For higher-income retirees wanting a target lifestyle income, private retirement products fill the gap. Private products also start payouts earlier than 65 (some from age 55-60), bridging the pre-CPF-LIFE years. Plus the bequest options on private annuities can differ materially from CPF LIFE's estate flow. Fixed term vs lifetime payout — which is better? Fixed-term payout (e.g. 20 years from age 60) gives higher monthly income but no protection against living longer than the term. Lifetime payout gives lower monthly income but pays as long as you live. For most buyers, lifetime payout matches the actual risk being insured (longevity). Fixed-term fits buyers with other income sources covering post-term years. Can I use SRS or CPF to fund a retirement annuity? SRS-funded retirement products are common — contributions are tax-deductible up to SGD 15,300/year (SC/PR) or SGD 35,700/year (foreigners). Some retirement-savings endowments accept CPF OA via CPFIS. CPF OA itself transfers automatically into the Retirement Account at age 55, so CPF-funded private retirement products tend to be CPF SA-transferred. Eligibility is product-specific. When should I start a retirement income policy? The earlier the better for cost — premiums for the same target income scale with the accumulation period available. A 35-year-old buying a retirement annuity payable from age 65 has 30 years for the premium to accumulate; a 55-year-old has only 10. Single-premium retirement products fit buyers nearing retirement with capital ready to deploy; regular-premium fits buyers building toward retirement from earlier in their working life. What's decumulation? The reverse of accumulation — converting accumulated savings into ongoing retirement income. Decumulation requires sequencing decisions: which assets to draw first (taxable, CPF, private annuity), at what pace (constant withdrawal vs adjusted to spending needs), and how to manage longevity risk (private annuity vs self-managed drawdown). Retirement income products simplify the longevity-risk side by guaranteeing lifetime income. Sources
Retirement product structures drawn from MAS-licensed insurer Product Summaries on compareFIRST.sg. CPF LIFE scheme details from CPF Board ( cpf.gov.sg ). SRS tax treatment from IRAS. This page is informational only and does not constitute financial advice.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/reviews/
Singapore Life Insurer Reviews — AIA, Prudential, Singlife, Great Eastern, Income, Manulife & more Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Insurer reviews Singapore life insurer reviews
Editorial pros and cons for the 9 largest MAS-licensed Singapore life insurers. We do not publish fabricated star ratings or invented review counts. The policy library is the source of truth — these editorial observations frame it.
AIA Singapore AIA Singapore Private Limited · 10 active products
Full profile AIA Singapore is one of the largest life insurers in Singapore by APE, with the broadest active product range on the policy library. Suitable for buyers who value brand scale + adviser support and are not premium-shopping at the margin. Strengths + Largest individual life-insurance market share in Singapore by APE + Wide product range: AIA Pro Lifetime Protector, AIA Secure Flexi Term, AIA Platinum series + Strong adviser-channel distribution and FA partnerships + AIA Vitality wellness program integration on some policies Watch-outs − Premiums on the participating whole life range typically sit at the higher end of the SG market − Some legacy product names persist across rebranded SKUs — read the wording carefully aia.com.sg Etiqa Insurance Etiqa Insurance Pte. Ltd. · 0 active products
Full profile Etiqa is a strong value option in the term + endowment segment, particularly accessible to Maybank customers and digital-first buyers via the Tiq sub-brand. Strengths + Maybank-owned with Maybank Singapore bancassurance distribution + Tiq direct-to-consumer digital sub-brand (term + savings) + Competitive pricing on term + endowment Watch-outs − Smaller adviser footprint than the big-3 − Limited multi-currency / international product options etiqa.com.sg FWD Singapore FWD Singapore Pte. Ltd. · 0 active products
Full profile FWD is the digital-pure-play term-life specialist — suitable for buyers who want a straightforward term product without adviser-channel overhead. Strengths + Digital-native distribution model + Strong on term-life with simple proposition + Younger, mobile-first buyer focus Watch-outs − Narrower product range than incumbent insurers − Newer Singapore market entrant (relative to 100-year-old incumbents) fwd.com.sg Great Eastern The Great Eastern Life Assurance Company Limited · 12 active products
Full profile Great Eastern is the second-largest life insurer in Singapore, with notable strength in the term + multi-currency whole life segments. Default for OCBC banking customers and buyers wanting SGD/USD optionality. Strengths + OCBC-aligned distribution + bank-channel access + GREAT Term and GREAT Life Multiplier with strong premium competitiveness on term + Prestige Life Gold for high-net-worth buyers (SGD + USD denominated) + Established Singapore insurer (founded 1908) Watch-outs − Participating bonus rate revisions in recent years (industry-wide) − Some product names lack the brand recognition of AIA / Prudential greateasternlife.com HSBC Life HSBC Life (Singapore) Pte. Ltd. · 0 active products
Full profile HSBC Life suits existing HSBC banking customers, particularly Premier-tier clients wanting integrated wealth + protection solutions. Strengths + HSBC bancassurance distribution — direct access for HSBC customers + Multi-currency policies tied to HSBC Premier accounts + Strong on whole life / wealth-transfer products for affluent buyers Watch-outs − Primarily distributed through HSBC channel — limited for non-HSBC customers − Smaller catalogue than the SG retail-first incumbents insurance.hsbc.com.sg Income Insurance Income Insurance Limited · 8 active products
Full profile Income Insurance (formerly NTUC Income) suits buyers who value the social-mission heritage and competitive term + retirement-savings pricing. Always check current product positioning against the latest Product Summary. Strengths + Cooperative origins (now corporatised) with social-mission positioning + TermLife Solitaire + Star Term Protect competitively priced + Gro Retire Flex Pro II + Gro Saver Flex Pro for retirement-savings buyers + AstraLink + Invest Flex on the ILP side Watch-outs − Post-corporatisation strategic shifts (2022-23) prompted public debate around social-mission alignment − Adviser footprint smaller than the big-3 historical leaders income.com.sg Manulife Singapore Manulife (Singapore) Pte. Ltd. · 0 active products
Full profile Manulife Singapore is a credible alternative for buyers wanting a non-big-3 international brand, with particular appeal for cross-border / Bermuda-domiciled whole life buyers. Strengths + Strong global brand with Bermuda + Singapore options + Active in adviser-channel and bank distribution + Multi-currency whole life via Manulife (International) Bermuda for international buyers Watch-outs − Smaller individual life market share than AIA / Prudential / Great Eastern − Some products available only through specific FA channels manulife.com.sg Prudential Singapore Prudential Assurance Company Singapore (Pte) Limited · 10 active products
Full profile Prudential Singapore offers strong term + whole life + ILP coverage across the PRUActive / PRULink families. A reasonable default for buyers wanting one provider across multiple product shapes. Strengths + PRUActive Term + PRUActive Life series with flexible multiplier options + PRUWealth Plus (SGD) for participating whole life cash-value buyers + PRULink range covers ILP buyers wanting fund choice + protection + Long Singapore operating history Watch-outs − Product naming can be confusing — multiple "PRUActive" SKUs with materially different structures − Some ILP funds carry higher Total Expense Ratios than equivalent direct-fund alternatives prudential.com.sg Singlife Singapore Life Ltd. · 10 active products
Full profile Singlife (formerly Aviva) is the digital-native challenger with a strong term + savings range, well-suited to younger Singaporean buyers comfortable with app-led journeys and direct purchase. Strengths + Direct-to-consumer Singlife app distribution + Singlife Elite Term II + Singlife Whole Life Choice + Singlife Smart Saver across all major shapes + Inherited the book of Singlife (formerly Aviva Singapore), now consolidated under the Singlife brand + Modern digital UX vs older incumbents Watch-outs − Post-merger integration (Singlife formerly Aviva): some legacy product references can be confusing for buyers comparing across vintages − Newer Singapore brand vs the 100-year incumbents — less brand familiarity in older demographics singlife.com Methodology
Editorial observations are drawn from public Product Summaries on compareFIRST.sg, MAS Financial Institutions Directory records, insurer corporate disclosures and FA-channel positioning. We do not publish numerical star ratings, fabricated review counts, or AggregateRating JSON-LD. For independent consumer feedback, see MoneySense (MAS) at moneysense.gov.sg .
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/short-term-endowment-singapore/
Short-Term Endowment Singapore — 3, 5, 10-Year Single-Premium Endowment Guide Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Short-term endowment Short-term endowment policies in Singapore
Short-term endowments are 3-10 year single-premium structured-savings products with a small mortality cover component. They're often marketed as cash-parking alternatives to fixed deposits or SSBs. Whether they actually deliver better outcomes after charges and lock-in is product- and timing-specific.
Structure
Single-premium short-term endowments take one lump-sum payment at policy issue. The premium funds a guaranteed maturity value (typically expressed as a percentage of premium paid) plus participation in the insurer's par fund through projected bonuses.
At maturity, you receive the guaranteed sum plus declared bonuses. The mortality cover is small — typically a percentage of premium or sum assured.
Common short-term endowment shapes 3-year endowments — shortest common term. Designed for buyers who can lock in for 3 years and want projected returns above fixed-deposit equivalents. 5-year endowments — middle ground. Slightly higher projected returns than 3-year structures at the cost of longer lock-in. 8-10 year endowments — longer single-premium structures. Higher projected bonuses, but the comparison set shifts to bond ETFs and long-tenor SSBs. Reading the projected return
Product marketing typically highlights the higher of two projected scenarios. For downside planning, use the lower scenario plus the guaranteed-only return. The gap between the two illustrates the bonus-rate sensitivity.
Note that every Singapore insurer has revised illustrated par bonus rates downwards in the last decade. The historical fact that bonus revisions happen means projected returns deserve a haircut in expected-value calculations.
Short-term endowment vs alternatives
For most Singapore buyers parking 3-10 year capital:
Singapore Savings Bonds (SSB) — government-backed, step-up coupon, monthly redemption without penalty. Lower headline return than endowment projections but no lock-in penalty. T-bills + FDs — short-tenor low-risk yield. Highly liquid relative to endowments. Bond ETFs / fund-of-funds — diversified bond exposure, no lock-in but mark-to-market volatility. Cash management accounts (Endowus Cash Smart, Syfe Cash+) — money-market funds wrapping similar yields with liquidity.
Short-term endowments make sense when: (a) you can fully commit for the term, (b) the guaranteed-only return is at least comparable to FD/SSB equivalents, and (c) you value the small mortality cover component.
Frequently asked questions What is a short-term endowment? An endowment policy with a 3-10 year maturity, typically taken with a single-premium structure. Designed as a structured-savings alternative to fixed deposits or cash holdings, with a small mortality cover component and projected (non-guaranteed) returns on top of a guaranteed maturity value. Are short-term endowment returns guaranteed? Partial. The guaranteed maturity value is typically a fraction of the single premium paid — often around 95-100% depending on product. The projected total maturity value (guaranteed + bonus) is illustrated under two non-guaranteed scenarios. Total return relative to alternatives like FDs depends on whether the projected bonus materialises. Can I surrender a short-term endowment early? Yes but surrender values in years 1-2 are typically materially less than the premium paid. Some products take 12-24 months before surrender value approaches the premium paid. Read the surrender-value schedule in the Product Summary before committing. Short-term endowment vs Singapore Savings Bonds (SSB)? SSBs are government-backed bonds with a step-up interest schedule, redeemable monthly without penalty, and capped at SGD 200k per investor. Short-term endowments require the full term commitment to deliver projected returns. SSBs win on liquidity and capital preservation; endowments offer potentially higher returns but with structural lock-in. Can I use CPF OA for a short-term endowment? Some short-term endowments are CPFIS-approved and accept CPF OA funds. Trade-off: CPF OA earns a guaranteed 2.5% government-backed rate (recently topped up by an additional 1% on the first SGD 20k); an endowment must outperform this after charges to justify the move. Most short-term endowments struggle to do so consistently. Information from MAS-licensed insurer Product Summaries. Projected returns are non-guaranteed. Not financial advice — consult a MAS-licensed financial adviser. Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/single-premium-ilp-singapore/
Single-Premium ILP Singapore — How Single-Pay Investment-Linked Policies Work Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Single-premium ILP Single-premium ILPs in Singapore
Single-premium investment-linked policies take one lump-sum premium at issue and deploy it into chosen sub-funds. They suit buyers with capital ready to deploy — typically property-sale proceeds, inheritance, a year-end bonus, or CPF/SRS rebalancing. Charges differ materially from regular-premium ILPs.
How single-premium works
At issue, you pay a lump-sum premium. After deducting upfront charges (bid-offer spread, allocation charge), the net amount is invested across the sub-funds you select. Each year thereafter, ongoing charges (cost of insurance, admin fee, sub-fund management fee) come off the account value.
You can typically top up later with additional premiums, or take partial withdrawals (subject to surrender charges in early years). The death benefit is usually the higher of the original sum assured or the current account value.
When single-premium fits
Three common situations:
Property-sale proceeds. SGD 200-500k from a residential sale, looking for a tax-efficient long-horizon home with bundled insurance cover. SRS deployment. Accumulated SRS balance ready for tax-optimised retirement income. CPF OA rebalance. Moving CPF OA into a CPFIS-approved ILP seeking higher long-term return than the guaranteed 2.5% OA rate. Single-premium vs regular-premium
The main differences:
Capital requirement. Single-premium needs the full amount upfront; regular-premium spreads it over years. Charges. Single-premium concentrates upfront charges into one transaction; regular-premium spreads them across the premium-paying years. Total lifetime charges are often lower for single-premium. Market-entry risk. Single-premium concentrates entry timing into one point. Regular-premium dollar-cost-averages. Insurance cover. Single-premium ILPs often have lower mortality cover relative to investment value than regular-premium structures. Charges to understand
Read the Product Highlights Sheet for the specific product. Typical charge layers:
Bid-offer spread — gap between unit purchase and redemption prices. Effectively a transaction cost on every premium and partial withdrawal. Allocation rate — what percentage of your premium actually buys units. 100% allocation is best; less than 100% means some of your premium is deducted upfront. Cost of insurance — covers the mortality component, scales with age. Policy admin fee — flat annual charge. Sub-fund management fee — built into unit prices. Surrender charges — high in years 1-5, declining to zero. Comparing single-premium ILPs
Compare on total charges (bid-offer + allocation + ongoing), sub-fund range and management fees, mortality cover relative to investment value, CPFIS / SRS approval status, and surrender-charge schedule. The cheapest-fee product isn't always the best fit — sub-fund quality and platform features matter.
See the ILP pillar guide for broader ILP framework or compare specific products in the side-by-side comparison .
Frequently asked questions What is a single-premium ILP? An investment-linked policy that takes one lump-sum premium at policy issue. Subsequent premiums are optional top-ups. Fits buyers with capital ready to deploy — typically from property sale proceeds, inheritance, bonus, or CPF/SRS rebalance. Why pick single-premium over regular-premium? Total lifetime cost is typically lower because there's no ongoing distribution charge on subsequent premiums. The full investment runway starts immediately rather than building over years. Trade-off: requires capital upfront and concentrates entry-timing risk into a single market entry point. What's the minimum single premium? Varies by product — typically SGD 5,000 to SGD 100,000+ depending on product positioning. Higher-minimum products often have lower headline charges. Check the Product Summary for the specific product's minimum. Can I use CPF OA for a single-premium ILP? Yes — many CPFIS-approved single-premium ILPs accept CPF Ordinary Account funds. The transaction moves OA balance into the ILP investment, where it's subject to the ILP's charges and sub-fund performance. Trade-off: CPF OA earns a guaranteed government-backed rate; the ILP carries market risk plus charges. Can I use SRS for a single-premium ILP? Yes — SRS-eligible single-premium ILPs are a common SRS deployment vehicle. SRS contribution itself is tax-deductible (up to SGD 15,300/year SC/PR, SGD 35,700/year foreigners). At retirement, withdrawals enjoy a 50% tax concession on the assessed amount. What charges does a single-premium ILP carry? Typical charges: bid-offer spread on units, annual policy/admin fee, cost-of-insurance charges that scale with age, surrender charges in early years (usually 1-5), and sub-fund management fees built into unit prices. Read the Product Highlights Sheet for the full charge schedule. Information from MAS-licensed insurer Product Summaries and Product Highlights Sheets. Not financial advice — consult a MAS-licensed financial adviser for personalised recommendations. Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/term-life-insurance-singapore/
Term Life Insurance Singapore: Comparison, Costs and Buyer's Guide 2026 Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Term life insurance
Term life insurance in Singapore — what to actually compare
Term life is the cheapest way to buy life insurance in Singapore. Every MAS-licensed
insurer sells at least one term product, and the headline premium quotes look broadly
comparable. The meaningful differences sit in the rider definitions, renewal /
conversion options, and the exclusions clause-by-clause. This guide walks through how
to compare like-for-like and where the actual policy variance lives.
Key facts Term life is pure protection — no cash value, no surrender value, no maturity payout. Premiums are typically 3-6x lower than whole life premiums for the equivalent sum assured. Common term lengths in Singapore: 10, 15, 20, 25, 30 years, or to age 65 / 85. Most term policies sold today are level-premium ; some are annually renewable with premium steps each year. Critical Illness and TPD rider definitions vary materially between insurers — read the wording, not the brand. Every active product publishes a standardised Product Summary on compareFIRST.sg . What term life actually is
A term life policy pays a death benefit if the life-assured dies during the policy term,
provided premiums have been kept current. If the life-assured survives the term, the
policy expires and no benefit is paid. The premium is concentrated entirely on the
protection layer — there is no investment component, no cash-value build-up and no
surrender value.
Term life is the cheapest shape of life insurance because the insurer is funding a
payout that might happen (mortality during the defined term) rather than one
that will eventually happen (mortality at any point in life). For most working-age
Singapore buyers with a defined liability — dependent children, a mortgage, a business
loan — term life is the right starting shape.
Term length — match it to the liability
Pick the term to cover the period when the liability exists. Common Singapore shapes:
25-30 year level term, expiring at age 55-60. Covers working years and the dependent-children window. Falls away once kids are independent and retirement savings are mature. 20-25 year decreasing term. Mortgage protection — sum assured tracks the declining loan balance. Materially cheaper than level term for the same starting figure. 10-15 year level term. Defined commitment cover — a business loan personal guarantee, a child's tertiary-education window, or a known transition period. To-age-85 term. A near-permanent shape; premium still lower than whole life but covers a longer horizon than typical age-65/70 terms.
Many buyers run two or three concurrent term policies — a long "family protection" layer
plus a shorter "mortgage protection" decreasing-term — to match premium to the actual
shape of liability over time.
Level term vs decreasing term Level term holds the sum assured constant for the entire policy period.
A SGD 500,000 level-term policy pays SGD 500,000 whether the claim arises in year 1 or
year 25. Premiums are usually level too — a fixed annual cost for the policy term.
Decreasing term reduces the sum assured each year on a defined schedule,
typically to match a declining mortgage balance. A SGD 600,000 decreasing-term policy
might pay SGD 600,000 in year 1, SGD 540,000 in year 2, and so on, falling roughly in
line with mortgage amortisation. Premiums are materially lower than equivalent
level-term for the same starting sum assured.
Decreasing term is the right shape when the only liability being covered is a mortgage.
Level term is the right shape when the liability is roughly constant (e.g. family
income-replacement until kids are independent).
Renewable and convertible terms — the underrated options
Two policy features that are easy to overlook at quote-time and very valuable later:
Renewable. At the end of the original term, the policy can be extended without re-underwriting. Premiums step up to the older-age rate (which can be substantial), but no new medical evidence is required. Critical when your health has changed during the term — a renewal at standard older-age rates beats being declined for a new policy. Convertible. Within a defined window during the policy term, the policy can be converted to a whole life or other permanent product without re-underwriting. Useful when financial circumstances change and a permanent cash-value product becomes the right shape.
Both options sit in the Product Summary's "Special Provisions" section. Check the
renewal-age cut-off (commonly 70 or 75) and the convertibility window cut-off (commonly
within 10 years of original issue) before signing.
Exclusions — where Singapore term policies actually differ
Five exclusion clauses worth a careful read on every term policy:
Suicide. Most Singapore term policies exclude death by suicide for the first 12 or 13 months of cover. Exact wording matters for buyers with mental-health history. Non-disclosure / pre-existing conditions. Cover can be voided for material non-disclosure on the proposal form under the Insurance Act 1966. Declare every material condition. War and terrorism. Standard exclusion. Some insurers offer optional endorsements for military or high-risk-profession buyers. Aviation. Death while piloting or non-passenger on aircraft is excluded by default; licensed pilots can buy an optional cover endorsement at extra cost. Occupational hazards. Specific high-risk occupations attract loadings or exclusions. Disclose actual occupation, not job title. Riders — what to add (and what to skip)
The four most commonly added riders on Singapore term policies:
Critical Illness (CI). Lump-sum payout on diagnosis of defined illnesses. Most products cover 30-160+ conditions. Check whether early-stage and intermediate-stage CI are included, the survival period (typically 7-30 days), and whether the rider is multi-pay or single-pay. Total & Permanent Disability (TPD) enhancement. Base TPD is usually included; the enhancement either increases the payout or relaxes the "any occupation" definition to "own occupation". Definition variance between insurers is significant — read the wording. Waiver of Premium. Premiums are waived (i.e. paid by the insurer) if the life-assured suffers TPD or a defined critical illness. Inexpensive and high-value during the working years. Accidental Death Benefit. Additional payout on accidental death. Often double-counts cover at low cost. Worth adding if the term is short and the primary liability is income-replacement.
Riders to think harder about: hospitalisation cash, education-benefit riders, and
return-of-premium endorsements. These bundle savings or hospital cover into the policy
and often cost more than buying the equivalent product separately.
How to compare term policies side-by-side
Start with compareFIRST.sg ,
the MAS / LIA-backed comparison portal. It publishes a standardised Product Summary for
every active term product across every MAS-licensed insurer. Compare on premium for the
same sum assured, term length, included riders, and underwriting class.
Then read the underlying Product Summary PDFs for clause-level differences — particularly
on Critical Illness rider definitions, TPD definitions, exclusion wording, and renewal /
conversion options. The per-product pages on this site cite each clause back to the source
Product Summary once the data layer ships.
For the full clause-level comparison framework, see the
how to compare life insurance Singapore guide.
For the participating-whole-life alternative, see the
whole life insurance Singapore guide.
Term life products on the policy library 8 term life products from MAS-licensed Singapore insurers, ingested
from each insurer's published Product Summary on compareFIRST.sg. Each card cites the
original PDF.
AIA Singapore Direct - AIA Term
Cover Term
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab Great Eastern DIRECT -
GREAT Term Term
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife DIRECT -
Singlife Term Life Term
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern Great
Eastern Cares Term Plan Term
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern GREAT
Term Term
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Prudential Singapore PRUActive Term Term
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Prudential Singapore PRUVital Cover Term
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab AIA Singapore AIA Secure Flexi Term Term
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab Frequently asked questions How much does term life insurance cost in Singapore? Term life premiums in Singapore are several times lower than equivalent whole life premiums. A non-smoking 30-year-old male buying SGD 1 million sum assured on a 25-year level-premium term policy typically pays roughly SGD 500-1,200 per year, depending on the insurer, included riders and underwriting outcome. Smokers, women on equivalent terms, and buyers with high BMI or pre-existing conditions will see materially different premiums. Always pull a current quote from the insurer or compare on compareFIRST.sg before committing. What is the difference between term and whole life insurance? Term life provides pure protection for a fixed period (typically 5 to 40 years, or to a specified age such as 65 or 85). It has no cash value, no surrender value, and premiums are concentrated entirely on the protection benefit. Whole life provides permanent coverage with a cash-value build-up, but at premiums several times higher than equivalent-sum-assured term. Term is the cheapest way to buy a given sum assured; whole life adds a savings component. See the dedicated whole life and comparison guides on this site for the full decision framework. What term length should I buy in Singapore? Match the term to the liability it covers. Common shapes: a 25-30 year term to age 55-60 to cover working years and dependent children; a 20-25 year term to cover the mortgage horizon; a shorter 10-15 year term for a defined commitment such as a business loan personal guarantee. Some buyers run two policies — a longer "family protection" term and a shorter "mortgage protection" decreasing-term — to match premiums to declining liability. Level term vs decreasing term — which is right? Level term keeps the sum assured constant for the entire policy period. Decreasing term reduces the sum assured each year on a defined schedule, typically to match a declining mortgage balance. Level term is more common; decreasing term is materially cheaper per starting-dollar of cover and works well as a mortgage-protection layer. What are renewable and convertible terms? A renewable term policy lets you extend cover at the end of the original term without re-underwriting — premiums step up to the older-age rate but no new medical evidence is required. A convertible term policy lets you convert to a whole life or other permanent product within a defined window, without re-underwriting. Both options are valuable for buyers whose health status may deteriorate during the policy term. Check the conversion / renewal age cut-offs and any premium loading. Which insurers sell term life in Singapore? Every MAS-licensed life insurer in Singapore offers at least one term life product. The major issuers as of 2026 are AIA, Prudential, Manulife, Singlife (formerly Aviva), Great Eastern, Income (NTUC), HSBC Life, Etiqa, FWD, China Life, China Taiping, Sun Life, Tokio Marine Life and Transamerica Life Bermuda. compareFIRST.sg publishes a standardised Product Summary for every active term product. What riders should I add to a term policy? The most commonly added riders on Singapore term policies are: Critical Illness (early-stage or late-stage); Total & Permanent Disability enhancement; Waiver of Premium on disability or CI; and accidental-death benefit. The two with the biggest definition variance between insurers are CI and TPD — read the rider wording rather than the rider name. See the comparison guide for the rider-definition checklist. What happens at the end of a term life policy? Cover ceases and no benefit is paid. There is no surrender value or maturity payout — that is the trade-off for the much lower premium versus whole life. If the policy was renewable, you can extend at older-age premium rates without re-underwriting. If it was convertible, you can convert to a permanent product within the convertibility window. If neither option applies and you still need cover, you'll need to apply for a new policy and be re-underwritten at your then-current health status. Sources & methodology
Premium ranges and product structures referenced above are drawn from MAS-licensed insurer
Product Summaries published on compareFIRST.sg
and the MAS Financial Institutions Directory. No premium quoted on this page is a binding offer —
always pull a current quote from the insurer or a MAS-licensed financial adviser. This page is
informational and does not constitute financial advice under the Financial Advisers Act.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/terms/
Terms of Use — Life Insurance Singapore Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Terms Terms of use Last updated: 2026-06-05 1. About these terms These terms govern your use of lifeinsurance.com.sg (the "Site"). By using the Site you agree to these terms. 2. The Site is not financial advice Information on the Site — including product summaries, structured-fact extractions, comparisons, guides and FAQ answers — is informational only and does not constitute financial advice under the Singapore Financial Advisers Act. For personalised recommendations, consult a MAS-licensed financial adviser. Search the MAS Financial Institutions Directory at eservices.mas.gov.sg/fid for licensed firms. 3. We are not an insurer Lifeinsurance.com.sg is an independent comparison surface. We do not underwrite insurance, issue policies, or process claims. Quotes routed through the Site are prepared by MAS-licensed insurers or financial advisers — final terms are subject to their underwriting. 4. Accuracy of information Every fact rendered on a product page is sourced from the insurer's published Product Summary on compareFIRST.sg with a source-link and an ingestion-verified date. We aim for accuracy but make no warranty as to completeness or currency. Always verify against the source PDF or the insurer directly before acting. 5. Third-party links The Site links to external resources (insurer websites, MAS, LIA, compareFIRST.sg, news sources). We are not responsible for the content, privacy practices, or availability of third-party sites. 6. Intellectual property The Site's editorial content, structured-data extractions, design tokens and code are owned by Life Insurance Singapore unless otherwise noted. Product names, logos and Product Summary content remain the property of the respective insurers. 7. Limitation of liability To the extent permitted by Singapore law, Lifeinsurance.com.sg accepts no liability for any direct, indirect, incidental or consequential loss arising from your use of, or reliance on, information presented on the Site. Material financial decisions should always be made after consultation with a MAS-licensed financial adviser. 8. Governing law These terms are governed by Singapore law. Disputes are subject to the exclusive jurisdiction of the Singapore courts. 9. Changes We may update these terms from time to time. The "Last updated" date reflects the most recent revision. Material changes will be flagged at the top for 30 days. 10. Contact For questions about these terms: hello@lifeinsurance.com.sg . Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/topic/bonus-and-participation/
Bonus / Participation Across Singapore Life Insurance Products — Cross-Insurer Comparison Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Topic Bonus / Participation across Singapore life insurance products Reversionary bonus, terminal bonus, par-fund returns and bonus reduction history. 0 of 50 active products on the policy library surface a value for this topic. Each value is extracted from the insurer's Product Summary on compareFIRST.sg.
No products on the policy library currently surface a value for this topic. This usually means the topic is not covered explicitly in the Product Summary (it may be in the full Policy Contract instead). Use clause search to find the exact wording. Cross-insurer comparison
For full cross-insurer side-by-side, see the comparison page . For semantic search across all wordings, use the clause search . For a personalised quote shortlist, use the free quote tool .
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/topic/claims-process/
Claims Process Across Singapore Life Insurance Products — Cross-Insurer Comparison Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Topic Claims Process across Singapore life insurance products Documents required, who can file, processing timeline, direct settlement availability. 0 of 50 active products on the policy library surface a value for this topic. Each value is extracted from the insurer's Product Summary on compareFIRST.sg.
No products on the policy library currently surface a value for this topic. This usually means the topic is not covered explicitly in the Product Summary (it may be in the full Policy Contract instead). Use clause search to find the exact wording. Cross-insurer comparison
For full cross-insurer side-by-side, see the comparison page . For semantic search across all wordings, use the clause search . For a personalised quote shortlist, use the free quote tool .
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/topic/cpf-eligibility/
CPF / SRS Eligibility Across Singapore Life Insurance Products — Cross-Insurer Comparison Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Topic CPF / SRS Eligibility across Singapore life insurance products Whether CPF Ordinary Account, Special Account, or SRS funds may be used to pay premiums. 0 of 50 active products on the policy library surface a value for this topic. Each value is extracted from the insurer's Product Summary on compareFIRST.sg.
No products on the policy library currently surface a value for this topic. This usually means the topic is not covered explicitly in the Product Summary (it may be in the full Policy Contract instead). Use clause search to find the exact wording. Cross-insurer comparison
For full cross-insurer side-by-side, see the comparison page . For semantic search across all wordings, use the clause search . For a personalised quote shortlist, use the free quote tool .
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/topic/document-versioning/
Document Versioning Across Singapore Life Insurance Products — Cross-Insurer Comparison Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Topic Document Versioning across Singapore life insurance products Wording effective-from date, version tag, supersession history. 0 of 50 active products on the policy library surface a value for this topic. Each value is extracted from the insurer's Product Summary on compareFIRST.sg.
No products on the policy library currently surface a value for this topic. This usually means the topic is not covered explicitly in the Product Summary (it may be in the full Policy Contract instead). Use clause search to find the exact wording. Cross-insurer comparison
For full cross-insurer side-by-side, see the comparison page . For semantic search across all wordings, use the clause search . For a personalised quote shortlist, use the free quote tool .
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/topic/exclusions/
Exclusions Across Singapore Life Insurance Products — Cross-Insurer Comparison Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Topic Exclusions across Singapore life insurance products Circumstances under which the policy will not pay out. 47 of 50 active products on the policy library surface a value for this topic. Each value is extracted from the insurer's Product Summary on compareFIRST.sg.
Direct - AIA Term Cover AIA Singapore verified If the Insured, whether sane or insane, commits suicide within one year from the issue date or reinstatement date of the basic policy, whichever is later, our liability shall only be limited to the refund of premiums paid without interest. · No Terminal Illness Benefit shall be payable under the basic policy for the conditions stated below: i. Terminal Illness other than a diagnosis of Terminal Illness as defined in the Terminal Illness Benefit section above; or ii. where the symptoms of the Terminal Illness first occurred prior to the issue date or reinstatement date of the basic policy, w…
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AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Guaranteed Protect Plus (IV) AIA Singapore verified If the Insured commits suicide within one year from the policy issue date or date of reinstatement, whichever is later, our liability will be limited to a return of premiums paid without interest. · TPD Benefit exclusion: Any disability caused directly or indirectly, wholly or partly, by any of the following occurrences: (a) deliberate acts that endanger oneself, whether sane or insane, including any of the following: (i) while in violation or attempted violation of the law or resistance to arrest; or (ii) suicide or attempted suicide, intentional self-injury, or exposure to exceptional dan…
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AIA Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab AIA Platinum Retirement Elite AIA Singapore verified if the Insured, whether sane or insane, commits suicide within one year from the issue date or reinstatement date of the policy, whichever is later · any material misrepresentation or concealment during the 2-year period beginning from the issue date or reinstatement date of the policy, whichever is later · fraud at any time · any Terminal Illness the symptoms of which first occurred prior to the issue date or reinstatement date of your Policy, whichever is later, or for which the diagnosis of Terminal Illness was made within 30 days following the issue date or reinstatement date of your Po…
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AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Platinum Wealth Elite 2.0 AIA Singapore verified any Terminal Illness the symptoms of which first occurred prior to the Issue Date or Reinstatement Date of your Policy, subject to paragraph (c) below, whichever is later, or for which the Diagnosis of Terminal Illness was made within 30 days following the Issue Date or Reinstatement Date of your Policy, whichever is later. · where, in our opinion, the Terminal Illness was directly or indirectly due to Acquired Immunodeficiency Syndrome (AIDS) or infection by any Human Immunodeficiency Virus (HIV). · any and all pre-existing illnesses, diseases, impairments or conditions from which the Insu…
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AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Pro Achiever 3.0 AIA Singapore inferred If a Secondary Insured was appointed before the death of the Insured, death benefit will not be paid on the death of the Insured. · If a Secondary Insured was appointed before the death of the Insured, accidental death benefit will not be payable. · Accidental Death Benefit: If the Insured dies due to an injury within 90 days from the date of the accident that occurs within 2 policy years from the issue date of your policy. · No reduction in the amount of regular premium shall be allowed until the 4th annual / 8th semi-annual / 16th quarterly / 48th monthly regular premium has been paid. · …
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AIA Singapore Product Summary Verified 1 Oct 2024 Opens in a new tab AIA Pro Lifetime Protector (II) AIA Singapore verified if the Insured, regardless of sanity, commits suicide within one year from the issue date or reinstatement date of the policy, whichever is later; our liability shall be limited to 100% of the policy value. · any material misrepresentation or concealment during the 2-year period beginning from the issue date or reinstatement date of the policy, whichever is later; our liability shall be limited to 100% of the policy value. · fraud at any time; our liability shall be limited to 100% of the policy value.
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AIA Singapore Product Summary Verified 1 Oct 2024 Opens in a new tab AIA Retirement Saver (IV) AIA Singapore inferred If the Insured commits suicide within 1 year from the policy issue date or date of reinstatement (where applicable), whichever is later, our liability will be limited to a return of premiums paid without interest. · You will not be able to exercise Premium Pass Option under this policy if: (a) you were not a Full-Time Employee immediately before your Involuntary Retrenchment; (b) you were self-employed or employed by your Immediate Family Member or a business owned by your immediate family member; (c) you and/or your Immediate Family Member (whether singly, jointly or in the aggregate) were…
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AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Secure Flexi Term AIA Singapore verified If the Insured, whether sane or insane, commits suicide within one year of the issue date or reinstatement date of the basic policy, whichever is later, unless otherwise specified in any supplementary agreements or endorsements, our liability shall only be limited to the refund of the total premiums paid without interest. · No Terminal Illness or Terminal Cancer Benefit shall be payable under the basic policy for the conditions stated below: i. Where the symptoms of the Terminal Illness or Terminal Cancer first occurred prior to the issue date or reinstatement date of the basic policy, subj…
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AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Smart Flexi Rewards (II) AIA Singapore verified If the Insured commits suicide within one year from the policy issue date or date of reinstatement, whichever is later, our liability will be limited to a return of premiums paid without interest.
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AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Smart Wealth Builder Series AIA Singapore verified If the Insured commits suicide (regardless of sanity) within 1 year from the policy issue date or reinstatement date, whichever is later or otherwise specified, our liability shall be limited to the refund of premiums paid without interest. · TPD Benefit exclusions: Any disability caused directly or indirectly, wholly or partly, by any of the following occurrences: (a) deliberate acts that endanger oneself, whether sane or insane, including any of the following: (i) violation or attempted violation of the law or resistance to arrest; or (ii) suicide or attempted suicide, intentional self-in…
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AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab DIRECT - GREAT Life II Great Eastern verified We will not pay the death benefit if the life assured dies due to suicide, while sane or insane, within 1 year from the date of issue of the policy or from the date of any reinstatement, the policy will be rendered void and we will refund all premiums paid. · We will not pay the TPD benefit for TPD resulting from: (a) self-inflicted injury, while sane or insane; (b) bodily injury sustained while the life assured is in or on an aircraft other than: (i) as a fare-paying passenger or a crew member on an aircraft licensed for passenger service and operated by a regular airline on a scheduled ro…
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab DIRECT - GREAT Term Great Eastern verified We will not pay the benefit if the life assured commits suicide, while sane or insane, within 1 year from the date we issue the policy or from the date of any reinstatement, whichever is later. The policy will be void. · We will not pay any benefit for TPD resulting from: (a) self-inflicted injury, while sane or insane; (b) bodily injury sustained while in or on an aircraft other than: (i) as a fare-paying passenger or a crew member on an aircraft licensed for passenger service and operated by a regular airline on a scheduled route; or (ii) as a member of the armed forces travelling as a pa…
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern Cares Term Plan Great Eastern verified We will not pay the benefit if the life assured dies due to suicide while sane or insane within 12 months from the date we issue the policy or from the date of reinstatement (if applicable) of the policy. The policy will be void. We will refund all the premiums you have paid without interest. · We will not pay any benefits for: (a) terminal illness in the presence of Human Immunodeficiency Virus ("HIV") infection; or (b) pre-existing terminal illness.
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab GREAT Flexi Goal Great Eastern verified We will not pay any benefit for death resulting from: (a) suicide, while sane or insane; or (b) any pre-existing condition, within 12 months from the date we issue the policy or from the date of reinstatement (if applicable) of the policy. The policy will be void. We will refund all the premiums you have paid without interest (after deducting any outstanding debt, and any benefits and/or bonuses paid). · We will not pay the benefit for TPD resulting: (a) directly or indirectly, wholly or partly from self-inflicted injury, while sane or insane; (b) directly or indirectly, wholly or partly, f…
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab GREAT Life Advantage 4 Great Eastern verified We will not pay the benefit if the life assured dies due to suicide, while sane or insane, within 12 months from the date we issue the policy or from the date of reinstatement (if applicable). We will terminate your policy and pay the account value calculated as the next valuation date following our receipt of notification of the death. · For policies issued under simplified underwriting, we will not pay the benefit if the death is due to any pre-existing condition within 12 months from the date we issue the policy or from the date of reinstatement (if applicable). · We will not pay any ben…
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab GREAT Life Multiplier Great Eastern verified If the life assured dies by suicide, while sane or insane, or from any pre-existing condition, within 12 months from the date of issue of the policy or from the date of any reinstatement, the policy will be rendered void and we will refund all premiums paid without interest (after deducting any outstanding debt, and any benefits and/or bonuses paid). · Payment of the TPD Benefit will not be made for: (a) Pre-existing TPD; (b) TPD resulting directly or indirectly, wholly or partly, from self-inflicted injury, while sane or insane; (c) TPD resulting directly or indirectly, wholly or partly, f…
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab GREAT Term Great Eastern verified We will not pay the benefit if the life assured commits suicide, while sane or insane, within 1 year from the date we issue the policy or from the date of any reinstatement, whichever is later. The policy will be void. · We will not pay the terminal illness benefit for: (a) terminal illness in the presence of HIV infection; or (b) any pre-existing condition. · We will not pay the TPD benefit for TPD resulting: (a) directly or indirectly, wholly or partly, from self-inflicted injury, while sane or insane; (b) directly or indirectly, wholly or partly, from bodily injury sustained while in or …
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab GREAT Wealth Advantage 4 Great Eastern verified Death benefit: We will not pay the benefit if the life assured: (a) dies due to suicide, while sane or insane; or (b) dies due to any pre-existing condition, within 12 months from the date we issued the policy or from the date of reinstatement (if applicable). Your policy will be terminated. · TPD benefit: We will not pay the benefit for: (a) TPD resulting directly or indirectly, wholly or partly, from self-inflicted injury, while sane or insane; (b) TPD resulting directly or indirectly, wholly or partly, from bodily injury sustained while the life assured is in or on, or boarding or descen…
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab GREAT Wealth Multiplier 3 Great Eastern verified We will not pay any benefit for death due to: (a) suicide while sane or insane; or (b) any pre-existing condition, within 12 months from the date we issue the policy or from the date of reinstatement (if applicable) of the policy. · We will not pay any benefit for TPD resulting directly or indirectly, wholly or partly, from self-inflicted injury, while sane or insane. · We will not pay any benefit for TPD resulting directly or indirectly, wholly or partly, from bodily injury sustained while the life assured is in or on, or boarding or descending from, an aircraft other than as a: (i) fare-p…
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Prestige Legacy Index Great Eastern inferred []
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Prestige Life Gold 4 (SGD/USD) Great Eastern verified We will not pay any benefit for death due to: suicide while sane or insane within 12 months from the date we issue the policy or from the date of reinstatement (if applicable) of the policy. · We will not pay any benefit [for terminal illness benefit] if the life assured has Human Immunodeficiency Virus (HIV) infection.
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab AstraLink Income Insurance verified Death Benefit: The cash-in value at the time we are told about the claim will be paid if the insured commits suicide within one year from the cover start date. · Terminal Illness (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. · Total and Permanent Disability (TPD) Benefit is not payable if your claim arises from: deliberate acts such as self-inflicted injuries, illnesses or attempted su…
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Complete Life Secure Income Insurance verified This policy is not valid if the insured commits suicide within one year from the cover start date. · We will not pay the TPD 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. · We will also not pay the TPD benefit unless the insured is certified by a specialist to have been totally and permanently disabled for at least six months in a row. · We will not pay the Terminal Illness benefit if your claim arises fro…
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Gro Retire Flex Pro II Income Insurance verified 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. · 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. · After you have been continuously covered for two years from the cov…
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Gro Saver Flex Pro Income Insurance verified 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. · 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. · After you have been continuously covered for one year from the cover start …
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Invest Flex Income Insurance verified 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. · 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. · 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 …
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Provenance Solitaire Income Insurance verified This policy is not valid if the 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. · 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. · After you have been continuously covered for one year from the cover start date,…
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Star Term Protect Income Insurance verified This policy is not valid if the 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. · The TI benefit is not payable if the 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. · Under the definition of total and permanent disability (TPD), if the insured is under 65 year…
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab TermLife Solitaire Income Insurance verified This policy is not valid if the 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. · 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. · After you have been continuously covered for one year from the cover start …
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab PRUActive Life V Prudential Singapore verified If the life assured dies from suicide within 12 months from the cover start date or date of reinstatement (if any) of your policy, we will void your policy. In this case, we cancel it and refund the total premiums received from you. We will first deduct any policy loans (including interest), automatic premium loans (including interest), surgical and nursing loans and all other amounts you owe us in connection with your policy and expenses (including administrative, sales-related and medical expenses) we have had to pay for your policy. · If the life assured dies directly or indirectly from …
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Prudential Singapore Product Summary Verified 1 Mar 2026 Opens in a new tab PRUActive LinkGuard Prudential Singapore verified If the life assured dies from an activity under special exclusion and special terms and conditions shown in your certificate of life assurance, we do not pay the death benefit but we will either: pay you the value of all the units in your account; or refund the total premiums paid by you, minus any withdrawals, whichever is higher, less any outstanding amounts you owe us. · If the life assured commits suicide within 12 months from the cover start date or date of reinstatement (if any) of your policy, we will void your policy. · We do not pay [Accelerated Terminal Illness Benefit] if the lif…
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Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab PRUActive Retirement II Prudential Singapore verified If the life assured dies from suicide within 12 months from the cover start date of your policy or from the date of reinstatement (if any), we will void your policy, we cancel it and refund the total premiums received from you. · If the life assured dies from a pre-existing Condition within 12 months from the cover start date of your policy or from the date of reinstatement (if any), we will refund the total premiums received from you. · We do not pay Accidental Disability Benefit if the disability existed at the cover start date or date of reinstatement (if any) of this benefit and if the …
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Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab PRUActive Saver III Prudential Singapore verified There are certain conditions (such as death from suicide or Pre-existing Condition within 12 months from Cover Start Date or date of reinstatement (if any)) under which no benefits will be payable. These are stated as exclusions in the policy document. · "Pre-existing Condition" is the existence of any signs or symptoms for which treatment, medication, consultation, advice or diagnosis has been sought or received by the life assured or would have caused an ordinary prudent person to seek treatment, diagnosis or cure, prior to the Cover Start Date or date of reinstatement (if any) of this be…
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Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab PRUActive Term Prudential Singapore verified If the life assured dies directly or indirectly from an activity under special exclusion or special terms and conditions shown in your certificate of life assurance, we do not pay the sum assured but we will refund the total premiums, without interest, received from you less expenses (including administrative, sales-related and medical expenses) we have had to pay for your policy. · If the life assured dies from suicide within 12 months from the cover start date or date of reinstatement (if any) of your policy, we will make your policy void. In this case, we cancel it and refund the total p…
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Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab PRULink InvestGrowth Prudential Singapore verified If the life assured dies due to a pre-existing condition within 12 months from the cover start date of the policy, we pay the higher of: the value of all the units in the Account; or the total premiums paid less any withdrawals, all outstanding amounts owing to us in connection with the policy and expenses (including but not limited to administrative, sales related and medical expenses, if any) incurred by us on the policy. · If the life assured dies due to a pre-existing condition within 12 months from the date of an increase in the premium, we pay the higher of: the value of the units of …
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Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab PRUVantage Wealth III Prudential Singapore verified If the life assured dies from suicide within 12 months from the cover start date or date of reinstatement (if any) of your policy, we will void your policy. In this case, we cancel it and refund the total premiums received from you. We will first deduct any withdrawals, dividend payments, all other amounts you owe us in connection with your policy and expenses (including administrative, sales-related and medical expenses) we have had to pay for your policy. · If the life assured dies due to a pre-existing condition within 12 months from the cover start date or date of reinstatement (if any)…
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Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab PRUVital Cover Prudential Singapore verified If the life assured dies directly or indirectly from an activity under Special Exclusion or Special Terms and Conditions shown on your Certificate of Life Assurance, we do not pay the Death Benefit but will refund the total premiums, without interest, received from you less expenses incurred by us on your policy. · If the life assured dies from suicide within 12 months from the Cover Start Date or date of reinstatement of your policy, we will cancel your policy and refund the total premiums, without interest, received from you less expenses incurred by us on your policy. · If the life assur…
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Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab PRUWealth Plus (SGD) Prudential Singapore verified There are certain conditions (such as death from suicide or Pre-existing Conditions within 12 months from Cover Start Date, or date of reinstatement (if any) under which no benefits will be payable. These are stated as exclusions in the policy document. · "Pre-existing Condition" is the existence of any signs or symptoms for which treatment, medication, consultation, advice or diagnosis has been sought or received by the life assured or would have caused an ordinary prudent person to seek treatment, diagnosis or cure, prior to the Cover Start Date or date of reinstatement (if any) of this b…
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Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab DIRECT - Singlife Term Life Singlife verified We will not pay the death benefit if: the life assured commits suicide as stated in section 8.1. Suicide; or your policy ends. · We will not pay the terminal illness benefit for terminal illness in the presence of human immunodeficiency virus (HIV) infection. · We will not pay the total and permanent disability benefit if your claim is directly or indirectly, wholly or partly caused by or arising from or contributed to by: deliberate acts such as self-inflicted illness or injury, while sane or insane; attempted suicide; injuries sustained during travel on any type of aircraft except as a fa…
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Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab DIRECT - Singlife Whole Life Singlife verified We will not pay the death benefit if the life assured commits suicide as stated in section 10.1. Suicide. · We will not pay the terminal illness benefit for terminal illness in the presence of human immunodeficiency virus (HIV) infection. · We will not pay the total and permanent disability benefit if your claim is directly or indirectly, wholly or partly caused by or arising from or contributed to by: deliberate acts such as self-inflicted illness or injury, while sane or insane; attempted suicide; injuries sustained during travel on any type of aircraft except as a fare-paying passenger o…
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Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Elite Term II Singlife verified We do not pay the Interim Accidental Death Benefit under this Policy if death is directly or indirectly, wholly or partly caused by or arising from or contributed to by: suicide, attempted suicide or other intentional self-inflicted injury, while sane or insane; active participation in war (declared or undeclared), civil war, war-like actions and/or acts of terrorism; resulting from or in connection with the use of nuclear, biological and/or chemical weapons in any act of war (declared or undeclared), civil war, war-like actions and/or acts of terrorism; any navy, army, air force, military …
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Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Flexi Life Income II Singlife verified 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. · Terminal Illness in the presence of HIV infection is excluded.
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Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Heritage Income Singlife verified 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. · 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…
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Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Legacy Indexed Income Singlife verified []
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Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Savvy Invest II Singlife verified 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 void from the date immediately prior to the date of death. We will refund without interest, the account value of the policy based on the unit price on the next appropriate fund valuation date immediately following the date We receive the death claim notification, less any amount of Welcome Bonus and Loyalty Bonus paid from the policy issue date or the date of the last reinstatement of the policy (whic…
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Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Smart Saver Singlife verified 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 void from the date immediately prior to the date of death. 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 t…
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Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Steadypay Saver Singlife verified 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. · 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 an…
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Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Cross-insurer comparison
For full cross-insurer side-by-side, see the comparison page . For semantic search across all wordings, use the clause search . For a personalised quote shortlist, use the free quote tool .
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/topic/free-look-period/
Free-Look Period Across Singapore Life Insurance Products — Cross-Insurer Comparison Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Topic Free-Look Period across Singapore life insurance products MAS-mandated 14-day minimum review period during which policy may be cancelled for premium refund. 0 of 50 active products on the policy library surface a value for this topic. Each value is extracted from the insurer's Product Summary on compareFIRST.sg.
No products on the policy library currently surface a value for this topic. This usually means the topic is not covered explicitly in the Product Summary (it may be in the full Policy Contract instead). Use clause search to find the exact wording. Cross-insurer comparison
For full cross-insurer side-by-side, see the comparison page . For semantic search across all wordings, use the clause search . For a personalised quote shortlist, use the free quote tool .
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/topic/grace-period/
Grace Period Across Singapore Life Insurance Products — Cross-Insurer Comparison Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Topic Grace Period across Singapore life insurance products Grace period after due date during which premium may be paid without lapse. 37 of 50 active products on the policy library surface a value for this topic. Each value is extracted from the insurer's Product Summary on compareFIRST.sg.
Direct - AIA Term Cover AIA Singapore verified {"days":31,"source_page":2}
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AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Platinum Retirement Elite AIA Singapore verified {}
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AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Pro Achiever 3.0 AIA Singapore inferred {"days":65,"source_page":13}
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AIA Singapore Product Summary Verified 1 Oct 2024 Opens in a new tab AIA Pro Lifetime Protector (II) AIA Singapore verified {"days":30,"source_page":4}
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AIA Singapore Product Summary Verified 1 Oct 2024 Opens in a new tab AIA Secure Flexi Term AIA Singapore verified {"days":31,"source_page":2}
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AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab DIRECT - GREAT Life II Great Eastern verified {"days":30,"source_page":7}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab DIRECT - GREAT Term Great Eastern verified {"days":30,"source_page":3}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern Cares Term Plan Great Eastern verified {"days":30,"source_page":4}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab GREAT Flexi Goal Great Eastern verified {"days":30,"source_page":8}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab GREAT Life Advantage 4 Great Eastern verified {"days":30,"source_page":6}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab GREAT Life Multiplier Great Eastern verified {"days":30,"source_page":7}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab GREAT Term Great Eastern verified {"days":30,"source_page":2}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab GREAT Wealth Advantage 4 Great Eastern verified {"days":30,"source_page":14}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab GREAT Wealth Multiplier 3 Great Eastern verified {"days":30,"source_page":9}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab AstraLink Income Insurance verified {"days":30,"source_page":6}
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Complete Life Secure Income Insurance verified {"days":30,"source_page":9}
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Gro Retire Flex Pro II Income Insurance verified {"days":30,"source_page":10}
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Gro Saver Flex Pro Income Insurance verified {"days":30,"source_page":9}
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Invest Flex Income Insurance verified {"days":30,"source_page":6}
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Star Term Protect Income Insurance verified {"days":30,"source_page":4}
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab TermLife Solitaire Income Insurance verified {"days":30,"source_page":1}
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab PRUActive Life V Prudential Singapore verified {"days":30,"source_page":16}
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Prudential Singapore Product Summary Verified 1 Mar 2026 Opens in a new tab PRUActive LinkGuard Prudential Singapore verified {"days":30,"source_page":14}
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Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab PRUActive Retirement II Prudential Singapore verified {"days":30,"source_page":11}
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Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab PRUActive Saver III Prudential Singapore verified {}
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Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab PRUActive Term Prudential Singapore verified {"days":30,"source_page":7}
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Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab PRUVantage Wealth III Prudential Singapore verified {}
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Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab PRUVital Cover Prudential Singapore verified {"days":30,"source_page":3}
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Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab PRUWealth Plus (SGD) Prudential Singapore verified {"source_page":14}
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Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab DIRECT - Singlife Term Life Singlife verified {"days":30,"source_page":2}
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Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab DIRECT - Singlife Whole Life Singlife verified {"days":30,"source_page":7}
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Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Elite Term II Singlife verified {"days":30,"source_page":5}
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Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Flexi Life Income II Singlife verified {"days":30,"source_page":3}
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Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Heritage Income Singlife verified {"days":30,"source_page":5}
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Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Savvy Invest II Singlife verified {"source_page":7}
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Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Smart Saver Singlife verified {"days":30,"source_page":3}
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Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Steadypay Saver Singlife verified {"days":30,"source_page":2}
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Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Cross-insurer comparison
For full cross-insurer side-by-side, see the comparison page . For semantic search across all wordings, use the clause search . For a personalised quote shortlist, use the free quote tool .
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/topic/mwpa-trust/
MWPA Trust Eligibility Across Singapore Life Insurance Products — Cross-Insurer Comparison Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Topic MWPA Trust Eligibility across Singapore life insurance products Whether policy may be written under the Married Women's Property Act / Section 73 trust. 14 of 50 active products on the policy library surface a value for this topic. Each value is extracted from the insurer's Product Summary on compareFIRST.sg.
AIA Pro Achiever 3.0 AIA Singapore inferred {"notes":"If you wish to make a nomination of beneficiary or create a trust under this policy, you must first revoke the appointment of the Secondary Insured. Secondary Insured cannot be appointed if a trust is created under this policy.","available":true,"source_page":3}
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AIA Singapore Product Summary Verified 1 Oct 2024 Opens in a new tab GREAT Life Advantage 4 Great Eastern verified {"notes":"No mention of MWPA or Section 73 trust in the document.","available":false}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab GREAT Wealth Advantage 4 Great Eastern verified {"available":false}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab GREAT Wealth Multiplier 3 Great Eastern verified {"notes":"The appointment of the secondary life assured is subject to conditions including that your policy is not subject to a trust, and premiums for your policy are not paid from funds from an account operated under the Supplementary Retirement Scheme.","available":false,"source_page":3}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Prestige Life Gold 4 (SGD/USD) Great Eastern verified {"available":false}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab PRUActive Life V Prudential Singapore verified {"notes":"Not mentioned in the product summary.","available":false,"source_page":1}
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Prudential Singapore Product Summary Verified 1 Mar 2026 Opens in a new tab PRUActive Retirement II Prudential Singapore verified {"notes":"You cannot appoint a Successor Life Assured if your policy already has a nomination of beneficiary or a trust has been created under your policy.","available":false,"source_page":5}
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Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab PRUActive Saver III Prudential Singapore verified {"notes":"Not mentioned in the product summary.","available":false}
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Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab PRUVantage Wealth III Prudential Singapore verified {"notes":"You cannot appoint a secondary life assured if your policy already has a nomination of beneficiary or a trust has been created under your policy. You cannot request for Wealth Share if there is pending claim under your base policy, your base policy already has a nomination of beneficiary, or a trust has been created under your base policy.","available":false,"source_page":7}
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Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab PRUWealth Plus (SGD) Prudential Singapore verified {"notes":"Not mentioned in the product summary text provided.","available":false}
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Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Heritage Income Singlife verified {"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}
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Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Legacy Indexed Income Singlife verified {"notes":"Not mentioned in this document."}
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Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Savvy Invest II Singlife verified {"notes":"No mention of MWPA / Section 73 trust in this document.","available":false}
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Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Smart Saver Singlife verified {"notes":"The appointment of Secondary Life Assured is not allowed once a trust has been created. The Legacy Distribution Option cannot be exercised if a trust has been created. No explicit mention of MWPA / Section 73 trust availability.","available":false,"source_page":4}
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Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Cross-insurer comparison
For full cross-insurer side-by-side, see the comparison page . For semantic search across all wordings, use the clause search . For a personalised quote shortlist, use the free quote tool .
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/topic/non-forfeiture/
Non-Forfeiture Options Across Singapore Life Insurance Products — Cross-Insurer Comparison Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Topic Non-Forfeiture Options across Singapore life insurance products Options when premiums stop being paid: paid-up, automatic premium loan, extended term. 33 of 50 active products on the policy library surface a value for this topic. Each value is extracted from the insurer's Product Summary on compareFIRST.sg.
AIA Guaranteed Protect Plus (IV) AIA Singapore verified {"paid_up":{"text":"Coverage under the GPP (IV) Booster component shall automatically terminate if your basic policy is converted to reduced paid-up insurance or extended term insurance.","available":true},"source_page":7,"extended_term":{"text":"Coverage under the GPP (IV) Booster component shall automatically terminate if your basic policy is converted to reduced paid-up insurance or extended term insurance.","available":true},"automatic_premium_loan":{"text":"Your basic policy shall automatically terminate if any premium for your basic policy remains unpaid at the end of the grace period…
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AIA Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab AIA Platinum Retirement Elite AIA Singapore verified {"paid_up":{"text":"Not described in the product summary.","available":false},"source_page":6,"extended_term":{"text":"Not described in the product summary.","available":false},"automatic_premium_loan":{"text":"Not described in the product summary.","available":false}}
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AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Platinum Wealth Elite 2.0 AIA Singapore verified {"paid_up":{"text":"Not described in the policy wording.","available":false},"source_page":7,"extended_term":{"text":"Not described in the policy wording.","available":false},"automatic_premium_loan":{"text":"Not described in the policy wording.","available":false}}
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AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Pro Achiever 3.0 AIA Singapore inferred {"paid_up":{"text":"Not described in extracted text","available":false},"source_page":13,"extended_term":{"text":"Not described in extracted text","available":false},"automatic_premium_loan":{"text":"Not described in extracted text","available":false}}
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AIA Singapore Product Summary Verified 1 Oct 2024 Opens in a new tab AIA Pro Lifetime Protector (II) AIA Singapore verified {"paid_up":{"text":"Not described in the policy text.","available":false},"source_page":4,"extended_term":{"text":"Not described in the policy text.","available":false},"automatic_premium_loan":{"text":"Not described in the policy text.","available":false}}
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AIA Singapore Product Summary Verified 1 Oct 2024 Opens in a new tab DIRECT - GREAT Life II Great Eastern verified {"source_page":7,"automatic_premium_loan":{"text":"If you do not pay your premiums on time, your policy may lapse (after 30 days grace period) depending on the net surrender value. If the policy has enough net surrender value, you will be given an automatic premium loan (APL).","available":true}}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab DIRECT - GREAT Term Great Eastern verified {"paid_up":{"text":"As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely.","available":false},"source_page":3,"extended_term":{"text":"As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely.","available":false},"automatic_premium_loan":{"text":"As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely.","available":false}}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern Cares Term Plan Great Eastern verified {"paid_up":{"text":"As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely.","available":false},"source_page":4,"extended_term":{"text":"As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely.","available":false},"automatic_premium_loan":{"text":"As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely.","available":false}}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab GREAT Flexi Goal Great Eastern verified {"source_page":8,"automatic_premium_loan":{"text":"If you do not pay your premiums on time, your policy may lapse (after 30 days grace period) depending on the net surrender value. If the policy has enough net surrender value, you will be given an automatic premium loan (APL).","available":true}}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab GREAT Life Advantage 4 Great Eastern verified {"paid_up":{"text":"No paid-up option described in the document.","available":false},"source_page":4,"extended_term":{"text":"No extended term option described in the document.","available":false},"automatic_premium_loan":{"text":"No automatic premium loan described; instead a non-lapse guarantee benefit operates during the first 10 policy years.","available":false}}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab GREAT Life Multiplier Great Eastern verified {"source_page":7,"automatic_premium_loan":{"text":"If you do not pay your premiums on time, your policy may lapse (after a 30-day grace period) depending on the net surrender value. If the policy has enough net surrender value, you will be given an automatic premium loan (APL).","available":true}}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab GREAT Wealth Advantage 4 Great Eastern verified {"paid_up":{"text":"Not described in the product summary.","available":false},"source_page":5,"extended_term":{"text":"Not described in the product summary.","available":false},"automatic_premium_loan":{"text":"Not described in the product summary. The policy enters premium holiday if basic regular premium due is unpaid after the grace period, and fees and charges continue to be deducted from account value.","available":false}}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab GREAT Wealth Multiplier 3 Great Eastern verified {"source_page":9,"automatic_premium_loan":{"text":"If you do not pay your premiums on time, your policy may lapse (after 30 days grace period) depending on the net surrender value. If the policy has enough net surrender value, you will be given an automatic premium loan (APL).","available":true}}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Prestige Legacy Index Great Eastern inferred {"paid_up":{"text":"Not stated in this document.","available":false},"extended_term":{"text":"Not stated in this document.","available":false},"automatic_premium_loan":{"text":"Not stated in this document.","available":false}}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab AstraLink Income Insurance verified {"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.","available":false}}
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Complete Life Secure Income Insurance verified {"paid_up":{"text":"This rider will end immediately when its basic policy ends or is converted to a paid-up policy.","available":true},"source_page":10,"extended_term":{"text":"","available":false},"automatic_premium_loan":{"text":"If this policy has sufficient cash value, the premiums for this 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 we may be due to pay under this policy. This policy and its riders (if any) will lapse when the amount of the …
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Gro Retire Flex Pro II Income Insurance verified {"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 po…
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Gro Saver Flex Pro Income Insurance verified {"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 …
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Invest Flex Income Insurance verified {"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}}
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab TermLife Solitaire Income Insurance verified {"paid_up":{"text":"There is no surrender or cash value available.","available":false},"source_page":1,"extended_term":{"text":"There is no surrender or cash value available.","available":false},"automatic_premium_loan":{"text":"There is no surrender or cash value available. As such, policy loan is not available under this policy.","available":false}}
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab PRUActive Life V Prudential Singapore verified {"paid_up":{"text":"If the policy has a surrender value, the policyowner can apply to surrender part or all of the Reversionary Bonus that we have added to the policy for a cash value. Please do note that this will reduce the long-term value of the policy.","available":true},"source_page":10,"extended_term":{"text":"Not mentioned in the product summary.","available":false},"automatic_premium_loan":{"text":"Automatic Premium Loan, Policy Loan and Surgical & Nursing Loan are also available. Please note that taking these loans will reduce the long-term value of the policy. For automatic premiu…
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Prudential Singapore Product Summary Verified 1 Mar 2026 Opens in a new tab PRUActive LinkGuard Prudential Singapore verified {"paid_up":{"text":"Not described in the product summary.","available":false},"source_page":14,"extended_term":{"text":"Not described in the product summary.","available":false},"automatic_premium_loan":{"text":"Not applicable to this investment-linked policy. If you fail to pay a premium on time or you stop paying your premiums and there are units in your account, your policy automatically continues at the same sum assured or Multiplier benefit (if this applies) for the same basic benefits. We continue to bill you for the administration charge and the assurance charge by using the units in…
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Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab PRUActive Retirement II Prudential Singapore verified {"paid_up":{"text":"Not mentioned in this document.","available":false},"source_page":5,"extended_term":{"text":"Not mentioned in this document.","available":false},"automatic_premium_loan":{"text":"Automatic Premium Loan is available. Please note that taking these loans will reduce the long term value of the policy. For automatic premium loan, a non-guaranteed loan interest will be charged. Note: Automatic Premium Loan is not applicable to single premium policy.","available":true}}
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Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab PRUActive Saver III Prudential Singapore verified {"paid_up":{"text":"Not mentioned in the product summary.","available":false},"source_page":2,"extended_term":{"text":"Not mentioned in the product summary.","available":false},"automatic_premium_loan":{"text":"Automatic Premium Loan, Policy Loan and Surgical & Nursing Loan are available. Please note that taking these loans will reduce the long term value of the policy. For automatic premium loan and policy loan, a non-guaranteed loan interest will be charged. Note: Automatic Premium Loan is not applicable to single premium policy.","available":true}}
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Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab PRUActive Term Prudential Singapore verified {"paid_up":{"available":false},"source_page":5,"extended_term":{"available":false},"automatic_premium_loan":{"text":"If you fail to pay a premium on time and your policy has enough surrender value, we grant you an automatic premium loan. We charge a yearly interest rate on the loan amount starting from the date of the loan. This interest rate may vary and accrues on a daily basis. On each policy anniversary of your policy, we add the previous year's interest to the loan amount and charge interest on the total until the loan is repaid. We can change the interest rate but will give you three …
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Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab PRUVantage Wealth III Prudential Singapore verified {"paid_up":{"text":"Not described in the extracted text.","available":false},"extended_term":{"text":"Not described in the extracted text.","available":false},"automatic_premium_loan":{"text":"Not described in the extracted text.","available":false}}
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Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab PRUWealth Plus (SGD) Prudential Singapore verified {"paid_up":{"text":"If the policy has a surrender value, the policyowner can use the surrender value to convert the policy to paid-up, which is when the policy has a revised face value with no further premiums due. Note: Automatic Premium Loan and paid-up option are not applicable to single premium policies.","available":true},"source_page":4,"extended_term":{"text":"Not mentioned in the product summary.","available":false},"automatic_premium_loan":{"text":"Automatic Premium Loan is available. Please note that taking these loans will reduce the long term value of the policy. For automatic p…
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Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab DIRECT - Singlife Term Life Singlife verified {"paid_up":{"text":"This plan has no cash value.","available":false},"source_page":1,"extended_term":{"text":"This plan has no cash value.","available":false},"automatic_premium_loan":{"text":"This plan has no cash value.","available":false}}
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Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab DIRECT - Singlife Whole Life Singlife verified {"paid_up":{"text":"Not explicitly described in product summary.","available":false},"source_page":8,"extended_term":{"text":"Not explicitly described in product summary.","available":false},"automatic_premium_loan":{"text":"your policy lapses due to non-payment of premiums within 30 days from the date they become due (and when your policy does not have sufficient cash value for us to advance a loan to keep your policy in force)","available":true}}
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Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Heritage Income Singlife verified {"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}}
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Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Savvy Invest II Singlife verified {"paid_up":{"text":"No paid-up option described; policy continues on premium holiday with fees deducted from account value until account value is exhausted.","available":false},"source_page":9,"extended_term":{"text":"Not described in the document.","available":false},"automatic_premium_loan":{"text":"Not described in the document.","available":false}}
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Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Smart Saver Singlife verified {"paid_up":{"text":"You also have the option to partially surrender the Policy by reducing the Sum Assured (subject to the minimum Sum Assured of the basic plan) and receive the partial Cash Surrender Value in a lump sum. The Sum Assured of the basic plan after the partial surrender will be reduced accordingly.","available":true},"source_page":3,"automatic_premium_loan":{"text":"For premiums that are due for payment and the Life Assured does not satisfy the unemployment conditions, You still need to pay the premiums or Automatic Premium Loan will be advanced to pay for the overdue premiums.…
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Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Steadypay Saver Singlife verified {"paid_up":{"text":"Not mentioned in the product summary.","available":false},"source_page":3,"extended_term":{"text":"Not mentioned in the product summary.","available":false},"automatic_premium_loan":{"text":"Not mentioned in the product summary.","available":false}}
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Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Cross-insurer comparison
For full cross-insurer side-by-side, see the comparison page . For semantic search across all wordings, use the clause search . For a personalised quote shortlist, use the free quote tool .
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/topic/payment-mode/
Premium Payment Mode Across Singapore Life Insurance Products — Cross-Insurer Comparison Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Topic Premium Payment Mode across Singapore life insurance products Frequency and method of premium payment (monthly, quarterly, semi-annual, annual, single). 0 of 50 active products on the policy library surface a value for this topic. Each value is extracted from the insurer's Product Summary on compareFIRST.sg.
No products on the policy library currently surface a value for this topic. This usually means the topic is not covered explicitly in the Product Summary (it may be in the full Policy Contract instead). Use clause search to find the exact wording. Cross-insurer comparison
For full cross-insurer side-by-side, see the comparison page . For semantic search across all wordings, use the clause search . For a personalised quote shortlist, use the free quote tool .
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/topic/policy-loan/
Policy Loan Across Singapore Life Insurance Products — Cross-Insurer Comparison Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Topic Policy Loan across Singapore life insurance products Loan availability against cash value; interest rate; default treatment. 29 of 50 active products on the policy library surface a value for this topic. Each value is extracted from the insurer's Product Summary on compareFIRST.sg.
AIA Guaranteed Protect Plus (IV) AIA Singapore verified {"available":true,"source_page":3,"interest_basis":"Interest-free loan granted equal to outstanding Deferred Premium Amount during Interest-free Repayment Period (12 months); thereafter outstanding amount becomes Automatic Policy Loan and starts to accrue interest at a rate not specified in this document."}
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AIA Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab AIA Pro Achiever 3.0 AIA Singapore inferred {"available":false}
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AIA Singapore Product Summary Verified 1 Oct 2024 Opens in a new tab AIA Pro Lifetime Protector (II) AIA Singapore verified {"available":false}
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AIA Singapore Product Summary Verified 1 Oct 2024 Opens in a new tab DIRECT - GREAT Term Great Eastern verified {"available":false}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern Cares Term Plan Great Eastern verified {"available":false}
Source: PDF ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab GREAT Life Advantage 4 Great Eastern verified {"available":false}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab GREAT Life Multiplier Great Eastern verified {"available":true,"source_page":8}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab GREAT Wealth Advantage 4 Great Eastern verified {"available":false}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Prestige Legacy Index Great Eastern inferred {"available":true,"source_page":10,"interest_basis":"Not specified in this document; presence of policy loan referenced in non-lapse guarantee conditions."}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Prestige Life Gold 4 (SGD/USD) Great Eastern verified {"available":false}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Gro Retire Flex Pro II Income Insurance verified {"available":true,"source_page":10,"interest_basis":"Interest charged on automatic premium loan; exact rate not specified in this document."}
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Invest Flex Income Insurance verified {"available":false}
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Star Term Protect Income Insurance verified {"available":false,"source_page":3}
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab TermLife Solitaire Income Insurance verified {"available":false,"source_page":1}
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab PRUActive Life V Prudential Singapore verified {"available":true,"source_page":10,"interest_basis":"non-guaranteed loan interest will be charged"}
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Prudential Singapore Product Summary Verified 1 Mar 2026 Opens in a new tab PRUActive LinkGuard Prudential Singapore verified {"available":false}
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Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab PRUActive Retirement II Prudential Singapore verified {"available":true,"source_page":5,"interest_basis":"non-guaranteed loan interest will be charged"}
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Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab PRUActive Saver III Prudential Singapore verified {"available":true,"source_page":2,"interest_basis":"non-guaranteed loan interest will be charged"}
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Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab PRUActive Term Prudential Singapore verified {"available":true,"source_page":5,"interest_basis":"non-guaranteed loan interest; yearly interest rate that may vary, accrues on a daily basis; Prudential will give three months' written notice of any rate change"}
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Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab PRUVantage Wealth III Prudential Singapore verified {"available":false}
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Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab PRUWealth Plus (SGD) Prudential Singapore verified {"available":true,"source_page":4,"interest_basis":"non-guaranteed loan interest rate; interest accrues on a daily basis; Prudential Singapore will give three months' written notice of any change in interest rate"}
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Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab DIRECT - Singlife Term Life Singlife verified {"available":false}
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Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab DIRECT - Singlife Whole Life Singlife verified {"available":true,"source_page":9,"interest_basis":"rates determined by us; the accumulated interest charged will be added as principal to the outstanding loan on each policy anniversary","max_percent_of_cash_value":90}
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Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Flexi Life Income II Singlife verified {"available":true,"source_page":3,"interest_basis":"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.","max_percent_of_cash_value":65}
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Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Heritage Income Singlife verified {"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}
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Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Legacy Indexed Income Singlife verified {}
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Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Savvy Invest II Singlife verified {"available":false}
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Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Smart Saver Singlife verified {"available":true,"source_page":3,"interest_basis":"prevailing Policy loan rate, non-guaranteed, subject to changes according to Our prevailing terms and conditions","max_percent_of_cash_value":65}
Source: PDF ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Steadypay Saver Singlife verified {"available":true,"source_page":3,"interest_basis":"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.","max_percent_of_cash_value":65}
Source: PDF ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Cross-insurer comparison
For full cross-insurer side-by-side, see the comparison page . For semantic search across all wordings, use the clause search . For a personalised quote shortlist, use the free quote tool .
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/topic/pre-existing-conditions/
Pre-Existing Conditions Across Singapore Life Insurance Products — Cross-Insurer Comparison Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Topic Pre-Existing Conditions across Singapore life insurance products Underwriting treatment of declared and undeclared pre-existing conditions. 0 of 50 active products on the policy library surface a value for this topic. Each value is extracted from the insurer's Product Summary on compareFIRST.sg.
No products on the policy library currently surface a value for this topic. This usually means the topic is not covered explicitly in the Product Summary (it may be in the full Policy Contract instead). Use clause search to find the exact wording. Cross-insurer comparison
For full cross-insurer side-by-side, see the comparison page . For semantic search across all wordings, use the clause search . For a personalised quote shortlist, use the free quote tool .
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/topic/premium-term/
Premium Term Across Singapore Life Insurance Products — Cross-Insurer Comparison Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Topic Premium Term across Singapore life insurance products Length of time premiums are payable (single premium, limited pay, regular pay). 0 of 50 active products on the policy library surface a value for this topic. Each value is extracted from the insurer's Product Summary on compareFIRST.sg.
No products on the policy library currently surface a value for this topic. This usually means the topic is not covered explicitly in the Product Summary (it may be in the full Policy Contract instead). Use clause search to find the exact wording. Cross-insurer comparison
For full cross-insurer side-by-side, see the comparison page . For semantic search across all wordings, use the clause search . For a personalised quote shortlist, use the free quote tool .
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/topic/reinstatement/
Reinstatement Across Singapore Life Insurance Products — Cross-Insurer Comparison Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Topic Reinstatement across Singapore life insurance products Conditions and time-window for reinstating a lapsed policy. 21 of 50 active products on the policy library surface a value for this topic. Each value is extracted from the insurer's Product Summary on compareFIRST.sg.
AIA Platinum Retirement Elite AIA Singapore verified {"conditions":"Unless your Policy has been terminated as described in paragraphs (i), (ii), (iii), or (vi) of section 7.5, the policy may be reinstated within 5 years from the date that the policy is lapsed, subject to satisfaction of our terms and conditions. For reinstatement, you are required to back-pay all outstanding past regular premiums that were due.","source_page":6,"window_years":5}
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AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Platinum Wealth Elite 2.0 AIA Singapore verified {"conditions":"If the policy has lapsed due to unit depletion and has not been surrendered for its cash surrender value, the policy may be reinstated within 5 years from the date that the policy is lapsed, subject to satisfaction of our terms and conditions. For reinstatement, you are required to back-pay all outstanding past regular premiums and all fees and charges (where applicable) that were due.","source_page":8,"window_years":5}
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AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Pro Lifetime Protector (II) AIA Singapore verified {"conditions":"If the policy has lapsed due to unit depletion and has not been surrendered for its cash surrender value, the policy may be reinstated within 5 years from the date that the policy is lapsed, subject to satisfaction of our terms and conditions. For reinstatement you will not be required to back-pay, and we will not accept any payment for past regular premiums that were due during the lapsed period of the policy.","source_page":4,"window_years":5}
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AIA Singapore Product Summary Verified 1 Oct 2024 Opens in a new tab DIRECT - GREAT Life II Great Eastern verified {"conditions":"you may reinstate the policy within 3 years from the date it lapsed and usual reinstatement conditions apply.","source_page":7,"window_years":3}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab DIRECT - GREAT Term Great Eastern verified {"conditions":"reinstatement of this policy is allowed within 6 months from the lapse date and the usual reinstatement conditions apply.","source_page":3,"window_years":0.5}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern Cares Term Plan Great Eastern verified {"conditions":"reinstatement of the policy is allowed within 3 years from the lapse date and the usual reinstatement conditions apply.","source_page":4,"window_years":3}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab GREAT Flexi Goal Great Eastern verified {"conditions":"You may reinstate the policy within 6 months from the date it lapsed and usual reinstatement conditions apply.","source_page":8}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab GREAT Life Advantage 4 Great Eastern verified {"conditions":"You may reinstate the policy within 3 years from the lapse date and usual reinstatement conditions apply. Please note that reinstatement will require a declaration of the health status. For policies which are issued on simplified underwriting basis: You may reinstate the policy within 6 months from the lapse date and usual reinstatement conditions apply. Please note that reinstatement will require a declaration of the health status.","source_page":14,"window_years":3}
Source: PDF ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab GREAT Life Multiplier Great Eastern verified {"conditions":"If the policy lapses because it does not have enough net surrender value, you may reinstate it within 3 years from the date it lapses and usual reinstatement conditions apply.","source_page":7,"window_years":3}
Source: PDF ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab GREAT Term Great Eastern verified {"conditions":"reinstatement of the policy is allowed within 6 months from the lapse date and the usual reinstatement conditions apply.","source_page":2,"window_years":0.5}
Source: PDF ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab GREAT Wealth Advantage 4 Great Eastern verified {"conditions":"You may reinstate the policy within 6 months from the lapse date and usual reinstatement conditions apply.","source_page":14,"window_years":0.5}
Source: PDF ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab GREAT Wealth Multiplier 3 Great Eastern verified {"conditions":"If the policy lapses because it does not have enough net surrender value, you may reinstate the policy within 6 months from the date it lapsed and usual reinstatement conditions apply.","source_page":9}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab AstraLink Income Insurance verified {"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 term 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 risk…
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Complete Life Secure Income Insurance verified {"conditions":"you can reinstate this policy and its riders (if any) within 36 months by paying the premiums you owed 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}
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Gro Retire Flex Pro II Income Insurance verified {"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…
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Gro Saver Flex Pro Income Insurance verified {"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}
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Invest Flex Income Insurance verified {"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 ris…
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Star Term Protect Income Insurance verified {"conditions":"If this policy and its riders (if any) end because you have not paid the premium, 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.","source_page":4,"window_years":3}
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab TermLife Solitaire Income Insurance verified {"conditions":"If this policy and its riders (if any) end because you have not paid the premium, you can reinstate it 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 when you apply, then you need not give us satisfactory proof of the insured's good health.","source_page":1,"window_years":3}
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab PRUActive LinkGuard Prudential Singapore verified {"conditions":"you apply within 24 months from the end date of your policy; you pay all the premiums you owe; the life assured is under 60 years old; and you give us satisfactory evidence of the health of the life assured. You must pay the costs involved in this.","source_page":11,"window_years":2}
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Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab PRUVantage Wealth III Prudential Singapore verified {"conditions":"If you chose to reinstate the policy by only paying current premium, then in the future, you cannot choose to pay any of the previously unpaid premiums due during the premium holiday period to receive the premium holiday charge refund.","source_page":12}
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Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Cross-insurer comparison
For full cross-insurer side-by-side, see the comparison page . For semantic search across all wordings, use the clause search . For a personalised quote shortlist, use the free quote tool .
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/topic/riders/
Riders Across Singapore Life Insurance Products — Cross-Insurer Comparison Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Topic Riders across Singapore life insurance products Optional add-ons: critical illness, TPD, accidental death, waiver of premium, hospital cash. 25 of 50 active products on the policy library surface a value for this topic. Each value is extracted from the insurer's Product Summary on compareFIRST.sg.
Direct - AIA Term Cover AIA Singapore verified {"name":"DIRECT - CI for Term Cover","rider_type":"critical-illness","description":"optional non-participating accelerating Critical Illness supplementary benefit to complement your DIRECT - AIA Term Cover policy","source_page":1,"available_at_inception":true,"available_after_inception":false}
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AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Platinum Wealth Elite 2.0 AIA Singapore verified {"name":"Total and Permanent Disability Rider","rider_type":"tpd","description":"Total and Permanent Disability Rider is a non-participating supplementary benefit which provides financial protection if the Insured becomes totally and permanently disabled before age 70. This benefit accelerates the payment of the Insured Amount of the Basic Policy.","source_page":17,"available_at_inception":true,"available_after_inception":true} · {"name":"AIA Vitality Benefit on AIA Platinum Wealth Elite 2.0","rider_type":"other","description":"When the Insured signs up as an AIA Vitality member, or is an e…
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AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Pro Achiever 3.0 AIA Singapore inferred {"name":"Secondary Insured Option","rider_type":"other","description":"During the term of the policy, a Secondary Insured can be appointed to ensure the continuity of the policy upon death of the Insured. The Secondary Insured will become the new Insured of the basic policy and the policy continues upon the death of the Insured.","source_page":3,"available_at_inception":true,"available_after_inception":true}
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AIA Singapore Product Summary Verified 1 Oct 2024 Opens in a new tab AIA Secure Flexi Term AIA Singapore verified {"name":"TPD on Secure Flexi Term (R&C)","rider_type":"tpd","description":"A non-participating supplementary benefit which provides financial protection if the Insured becomes totally and permanently disabled before age 70. This benefit accelerates the payment of the Insured Amount of the basic policy.","source_page":7,"available_at_inception":true,"available_after_inception":true}
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AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab GREAT Flexi Protect Series 3 Great Eastern inferred {"name":"Term Multiplier Rider 3","rider_type":"other","description":"Provides multiplied coverage for Death, Total and Permanent Disability, and Terminal Illness up to age 100.","source_page":2,"available_at_inception":true} · {"name":"Living Multiplier Rider 3","rider_type":"critical-illness","description":"Provides multiplied coverage for Death, Total and Permanent Disability, Terminal Illness, and Critical Stage of Critical Illness. Premium rates are not guaranteed and may be adjusted based on future experience of the plans.","source_page":2,"available_at_inception":true} · {"name":"Com…
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab GREAT Life Advantage 4 Great Eastern verified {"name":"GREAT CI Advantage Rider","rider_type":"critical-illness","description":"An Additional CI Unit-Deducting Rider (UDR) attached to the policy whereby the payment of benefit for critical illness under such rider will not reduce or affect the basic sum assured under the base plan, GREAT Life Advantage 4.","source_page":3,"available_at_inception":true,"available_after_inception":true} · {"name":"GREAT CI Advantage Plus Rider","rider_type":"critical-illness","description":"An Additional CI Unit-Deducting Rider (UDR) attached to the policy whereby the payment of benefit for critical illne…
Source: PDF ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab GREAT Term Great Eastern verified {"name":"TPD Benefit Rider 2","rider_type":"tpd","description":"A non-participating, regular premium insurance rider which provides protection against Total and Permanent Disability (TPD). If sum assured of rider is equivalent to sum assured of basic plan, we will pay the death benefit from the basic plan and the policy will then end. If sum assured of rider is less than sum assured of basic plan, we will pay the sum assured of this rider, which will be accelerated from the basic plan. The most we will pay in benefit for TPD for all policies and riders we have issued for each life assured i…
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab GREAT Wealth Advantage 4 Great Eastern verified {"name":"Cash-paying riders (supplementary benefits)","rider_type":"other","description":"You may wish to add optional supplementary benefits by attaching cash-paying riders to your plan. These riders provide protection against critical illness of varying stages, accidental events and disability income.","source_page":7,"available_at_inception":true,"available_after_inception":true}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab AstraLink Income Insurance verified {"name":"Critical Protect (ILP)","rider_type":"critical-illness","description":"A unit deducting rider that can be attached to AstraLink. If taken up, an enhanced investment bonus applies based on Table 2 (percentage of regular premiums paid in the first 12 months, varying by sum assured multiple and MIP). The rider's sum assured changes correspondingly with changes to the basic policy's regular premium or sum assured.","source_page":2,"available_at_inception":true,"available_after_inception":true}
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Complete Life Secure Income Insurance verified {"name":"Complete Life Secure – Protection Benefit","rider_type":"other","description":"This policy includes a non-participating regular premium compulsory rider, Complete Life Secure – Protection Benefit. It pays retrenchment benefit and part of the multiplier cover. This rider will end immediately when its basic policy ends or is converted to a paid-up policy. It does not form part of the Life Participating Fund and no bonus is payable on the benefit.","source_page":1,"available_at_inception":true,"available_after_inception":false}
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Gro Retire Flex Pro II Income Insurance verified {"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}
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Invest Flex Income Insurance verified {"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}
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Provenance Solitaire Income Insurance verified {"name":"Provenance Solitaire – Protection Benefit","rider_type":"other","description":"A single premium compulsory non-participating rider that provides protection against death and terminal illness during the policy term. It does not form part of the Life Participating Fund and no bonus is payable on the benefit.","source_page":2,"available_at_inception":true,"available_after_inception":false} · {"code":"TSN3","name":"Provenance Disability Accelerator","rider_type":"tpd","description":"A non-participating, single premium accelerated rider that provides total and permanent disability (TPD)…
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Star Term Protect Income Insurance verified {"name":"Available riders (unspecified)","rider_type":"other","description":"With additional premiums, 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":3,"available_at_inception":true}
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab TermLife Solitaire Income Insurance verified {"code":"TCN2","name":"Disability Accelerator","rider_type":"tpd","description":"Disability Accelerator is an accelerated rider attached to a basic policy. It is a non-participating, regular premium rider that provides insurance protection against total and permanent disability (TPD) for a limited period of time. The term of rider will follow the basic policy term, subject to the maximum coverage of age 70 last birthday. The sum assured of this rider cannot exceed the sum assured of the basic policy.","source_page":5,"available_at_inception":true,"available_after_inception":true}
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab PRUActive Life V Prudential Singapore verified {"name":"Crisis Care (PRUActive Life V)","rider_type":"critical-illness","description":"Critical illness cover that can be added to the PRUActive Life V policy. The sum assured of this benefit accelerates from the Death benefit. Referenced throughout the policy in the context of claims interaction with Death, Terminal Illness and Disability benefits.","source_page":2,"available_at_inception":true,"available_after_inception":false} · {"name":"Early Crisis Care (PRUActive Life V)","rider_type":"early-critical-illness","description":"Early critical illness cover that can be added to the PRUAct…
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Prudential Singapore Product Summary Verified 1 Mar 2026 Opens in a new tab PRUActive LinkGuard Prudential Singapore verified {"name":"Crisis Protect benefit","rider_type":"critical-illness","description":"Can be added as part of your basic benefit to your policy at any time if the benefit is available, you are paying your regular premiums, we decide that the life assured is in good health, the life assured is below 45 years old, and your policy has not ended.","source_page":7,"available_at_inception":true,"available_after_inception":true} · {"name":"Early Crisis Protect benefit","rider_type":"early-critical-illness","description":"Can only be added if you have added the Crisis Protect benefit. Available if the be…
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Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab PRUActive Retirement II Prudential Singapore verified {"name":"Accidental Disability Benefit","rider_type":"tpd","description":"If the life assured becomes totally and permanently disabled because of an accident before the cover end date of the Accidental Disability Benefit as shown in your certificate of life assurance, we pay an extra monthly instalment which is equal to the guaranteed monthly income (Disability Monthly Income) up to a maximum amount of $6,250 for each disability monthly income instalment. We pay this Disability Monthly Income from the next month following the date of disability until the maturity of the policy or when the l…
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Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab PRUVantage Wealth III Prudential Singapore verified {"name":"Payer Security Plus","rider_type":"waiver-of-premium","description":"Supplementary benefit attachable to PRUVantage Wealth III. Specific terms subject to product terms and conditions.","source_page":17,"available_at_inception":true,"available_after_inception":true} · {"name":"Crisis Waiver III","rider_type":"waiver-of-premium","description":"Supplementary benefit attachable to PRUVantage Wealth III. Specific terms subject to product terms and conditions.","source_page":17,"available_at_inception":true,"available_after_inception":true} · {"name":"Accident Assist","rider_type":"accid…
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Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Elite Term II Singlife verified {"name":"TPD Advance Cover Plus III","rider_type":"tpd","description":"This is a non-participating Total and Permanent Disability Supplementary Benefit (TPD Benefit). It offers protection against disability which is total and permanent during the period of the benefit term. This TPD Benefit accelerates the Death Benefit of the Policy to which it is attached. This Supplementary Benefit does not have any cash value. The premium rates for this Supplementary Benefit are level and guaranteed throughout the premium term.","source_page":1,"available_at_inception":true,"available_after_inception":f…
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Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Flexi Life Income II Singlife verified {"name":"Supplementary Benefits","rider_type":"other","description":"While the Policy is in force, You may request to add additional Supplementary Benefits to Your Policy, subject to Our terms and conditions and provided the Supplementary Benefits are available at the point of Your application. You have to pay extra premiums for these additional Supplementary Benefits. No Supplementary Benefit is available for single premium payment term Policy.","source_page":2,"available_at_inception":true,"available_after_inception":true}
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Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Heritage Income Singlife verified {"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,…
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Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Savvy Invest II Singlife verified {"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. Please refer to the respective Supplementary Benefits' terms and conditions for the full details of exclusions.","source_page":5,"available_at_inception":true,"available_after_inception":true}
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Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Smart Saver Singlife verified {"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. Please refer to the respective Supplementary Benefits' Terms and Conditions for the full details of exclusions.","source_page":2,"available_at_inception":true,"available_after_inception":true}
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Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Steadypay Saver Singlife verified {"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. Please refer to the respective Supplementary Benefits' Terms and Conditions for the full details of exclusions.","source_page":2,"available_at_inception":true,"available_after_inception":true}
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Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Cross-insurer comparison
For full cross-insurer side-by-side, see the comparison page . For semantic search across all wordings, use the clause search . For a personalised quote shortlist, use the free quote tool .
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/topic/suicide-clause/
Suicide Clause Across Singapore Life Insurance Products — Cross-Insurer Comparison Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Topic Suicide Clause across Singapore life insurance products Standard 1-year suicide exclusion / limit-of-liability terms. 45 of 50 active products on the policy library surface a value for this topic. Each value is extracted from the insurer's Product Summary on compareFIRST.sg.
Direct - AIA Term Cover AIA Singapore verified {"source_page":2,"payout_within_period":"If the Insured, whether sane or insane, commits suicide within one year from the issue date or reinstatement date of the basic policy, whichever is later, our liability shall only be limited to the refund of premiums paid without interest.","exclusion_period_months":12}
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AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Guaranteed Protect Plus (IV) AIA Singapore verified {"source_page":6,"payout_within_period":"If the Insured commits suicide within one year from the policy issue date or date of reinstatement, whichever is later, our liability will be limited to a return of premiums paid without interest.","exclusion_period_months":12}
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AIA Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab AIA Platinum Retirement Elite AIA Singapore verified {"source_page":6,"payout_within_period":"Our liability under the policy shall be limited to 100% of the policy value in case of the following: (i) if the Insured, whether sane or insane, commits suicide within one year from the issue date or reinstatement date of the policy, whichever is later","exclusion_period_months":12}
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AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Platinum Wealth Elite 2.0 AIA Singapore verified {"source_page":8,"payout_within_period":"Our liability under the policy shall be limited to 100% of the policy value in case of the following: (i) if the Insured, whether sane or insane, commits suicide within one year from the issue date or reinstatement date of the policy, whichever is later","exclusion_period_months":12}
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AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Pro Achiever 3.0 AIA Singapore inferred {"payout_within_period":"not explicitly stated in extracted text","exclusion_period_months":12}
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AIA Singapore Product Summary Verified 1 Oct 2024 Opens in a new tab AIA Pro Lifetime Protector (II) AIA Singapore verified {"source_page":4,"payout_within_period":"Our liability under the policy shall be limited to 100% of the policy value in case of the following: (i) if the Insured, regardless of sanity, commits suicide within one year from the issue date or reinstatement date of the policy, whichever is later.","exclusion_period_months":12}
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AIA Singapore Product Summary Verified 1 Oct 2024 Opens in a new tab AIA Retirement Saver (IV) AIA Singapore inferred {"source_page":4,"payout_within_period":"If the Insured commits suicide within 1 year from the policy issue date or date of reinstatement (where applicable), whichever is later, our liability will be limited to a return of premiums paid without interest.","exclusion_period_months":12}
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AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Secure Flexi Term AIA Singapore verified {"source_page":2,"payout_within_period":"If the Insured, whether sane or insane, commits suicide within one year of the issue date or reinstatement date of the basic policy, whichever is later, unless otherwise specified in any supplementary agreements or endorsements, our liability shall only be limited to the refund of the total premiums paid without interest.","exclusion_period_months":12}
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AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Smart Flexi Rewards (II) AIA Singapore verified {"source_page":2,"payout_within_period":"If the Insured commits suicide within one year from the policy issue date or date of reinstatement, whichever is later, our liability will be limited to a return of premiums paid without interest.","exclusion_period_months":12}
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AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab AIA Smart Wealth Builder Series AIA Singapore verified {"source_page":5,"payout_within_period":"If the Insured commits suicide (regardless of sanity) within 1 year from the policy issue date or reinstatement date, whichever is later or otherwise specified, our liability shall be limited to the refund of premiums paid without interest.","exclusion_period_months":12}
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AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab DIRECT - GREAT Life II Great Eastern verified {"source_page":3,"payout_within_period":"We will not pay the death benefit if the life assured dies due to suicide, while sane or insane, within 1 year from the date of issue of the policy or from the date of any reinstatement, the policy will be rendered void and we will refund all premiums paid.","exclusion_period_months":12}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab DIRECT - GREAT Term Great Eastern verified {"source_page":3,"payout_within_period":"We will refund all the premiums you have paid to you or your legal personal representative if you are both the life assured and policyholder of this policy, regardless whether you have transferred the legal right of this policy to someone else.","exclusion_period_months":12}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern Cares Term Plan Great Eastern verified {"source_page":3,"payout_within_period":"The policy will be void. We will refund all the premiums you have paid without interest.","exclusion_period_months":12}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab GREAT Flexi Goal Great Eastern verified {"source_page":3,"payout_within_period":"The policy will be void. We will refund all the premiums you have paid without interest (after deducting any outstanding debt, and any benefits and/or bonuses paid).","exclusion_period_months":12}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab GREAT Life Advantage 4 Great Eastern verified {"source_page":15,"payout_within_period":"We will not pay the benefit if the life assured dies due to suicide, while sane or insane, within 12 months from the date we issue the policy or from the date of reinstatement (if applicable). We will terminate your policy and pay the account value calculated as the next valuation date following our receipt of notification of the death.","exclusion_period_months":12}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab GREAT Life Multiplier Great Eastern verified {"source_page":2,"payout_within_period":"If the life assured dies by suicide, while sane or insane, or from any pre-existing condition, within 12 months from the date of issue of the policy or from the date of any reinstatement, the policy will be rendered void and we will refund all premiums paid without interest (after deducting any outstanding debt, and any benefits and/or bonuses paid).","exclusion_period_months":12}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab GREAT Term Great Eastern verified {"source_page":2,"payout_within_period":"We will not pay the benefit if the life assured commits suicide, while sane or insane, within 1 year from the date we issue the policy or from the date of any reinstatement, whichever is later. The policy will be void. We will refund all the premiums you have paid to you or your legal personal representative if you are both the life assured and policyholder of the policy, regardless of whether you have transferred the legal right of the policy to someone else.","exclusion_period_months":12}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab GREAT Wealth Advantage 4 Great Eastern verified {"source_page":9,"payout_within_period":"We will pay the account value calculated as at the next valuation date following our receipt of notification of the death, less any amounts paid as welcome bonus, loyalty bonus, premium bonus and premium holiday charge refund.","exclusion_period_months":12}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab GREAT Wealth Multiplier 3 Great Eastern verified {"source_page":4,"payout_within_period":"We will not pay any benefit for death due to: (a) suicide while sane or insane; or (b) any pre-existing condition, within 12 months from the date we issue the policy or from the date of reinstatement (if applicable) of the policy. The policy will be void regardless of whether there is a secondary life assured appointed for the policy. We will refund all the premiums you have paid without interest (after deducting any outstanding debt, and any benefits and/or bonuses paid).","exclusion_period_months":12}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Prestige Life Gold 4 (SGD/USD) Great Eastern verified {"source_page":4,"payout_within_period":"We will refund the premiums received, less any withdrawals made: (a) to the assignee if the policy has been assigned; or (b) to you or your legal personal representative if the policy has not been assigned, and the policy will then end.","exclusion_period_months":12}
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Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab AstraLink Income Insurance verified {"source_page":5,"payout_within_period":"The cash-in value at the time we are told about the claim will be paid if the insured commits suicide within one year from the cover start date.","exclusion_period_months":12}
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Complete Life Secure Income Insurance verified {"source_page":8,"payout_within_period":"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}
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Gro Retire Flex Pro II Income Insurance verified {"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}
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Gro Saver Flex Pro Income Insurance verified {"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}
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Invest Flex Income Insurance verified {"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}
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Provenance Solitaire Income Insurance verified {"source_page":6,"payout_within_period":"This policy is not valid if the 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}
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Star Term Protect Income Insurance verified {"source_page":3,"payout_within_period":"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}
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab TermLife Solitaire Income Insurance verified {"source_page":1,"payout_within_period":"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}
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Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab PRUActive Life V Prudential Singapore verified {"source_page":3,"payout_within_period":"If the life assured dies from suicide within 12 months from the cover start date or date of reinstatement (if any) of your policy, we will void your policy. In this case, we cancel it and refund the total premiums received from you. We will first deduct any policy loans (including interest), automatic premium loans (including interest), surgical and nursing loans and all other amounts you owe us in connection with your policy and expenses (including administrative, sales-related and medical expenses) we have had to pay for your policy.","exclusion_pe…
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Prudential Singapore Product Summary Verified 1 Mar 2026 Opens in a new tab PRUActive LinkGuard Prudential Singapore verified {"source_page":2,"payout_within_period":"If the life assured commits suicide within 12 months from the cover start date or date of reinstatement (if any) of your policy, we will void your policy. In this case, we cancel it and refund the premiums received from you. We will first deduct any withdrawals, all outstanding amounts you owe us in connection with your policy and expenses (including administrative, sales-related and medical expenses) we have had to pay on your policy. We use a premium refund formula that is decided by us, to work out the amount to refund you.","exclusion_period_mont…
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Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab PRUActive Retirement II Prudential Singapore verified {"source_page":3,"payout_within_period":"If the life assured dies from suicide within 12 months from the cover start date of your policy or from the date of reinstatement (if any), we will void your policy, we cancel it and refund the total premiums received from you. We will deduct any policy loans (including interest), automatic premium loans (including interest), surgical and nursing loans and all other amounts you owe us in connection with your policy and expenses (including administrative, sales-related and medical expenses) we have had to pay for your policy.","exclusion_period_months…
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Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab PRUActive Saver III Prudential Singapore verified {"source_page":1,"payout_within_period":"death from suicide or Pre-existing Condition within 12 months from Cover Start Date or date of reinstatement (if any)) under which no benefits will be payable","exclusion_period_months":12}
Source: PDF ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab PRUActive Term Prudential Singapore verified {"source_page":2,"payout_within_period":"If the life assured dies from suicide within 12 months from the cover start date or date of reinstatement (if any) of your policy, we will make your policy void. In this case, we cancel it and refund the total premiums, without interest, received from you less expenses (including administrative, sales-related and medical expenses) we have had to pay for your policy.","exclusion_period_months":12}
Source: PDF ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab PRULink InvestGrowth Prudential Singapore verified {"source_page":2,"payout_within_period":"If the life assured commits suicide within 12 months from the cover start date or date of reinstatement (if any) of your policy, we will void your policy. In this case, we cancel it and refund the premiums received from you. We will first deduct any withdrawals, all other amounts you owe us in connection with your policy and expenses (including administrative, sales-related and medical expenses) we have had to pay on your policy.","exclusion_period_months":12}
Source: PDF ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab PRUVantage Wealth III Prudential Singapore verified {"source_page":2,"payout_within_period":"If the life assured dies from suicide within 12 months from the cover start date or date of reinstatement (if any) of your policy, we will void your policy. In this case, we cancel it and refund the total premiums received from you. We will first deduct any withdrawals, dividend payments, all other amounts you owe us in connection with your policy and expenses (including administrative, sales-related and medical expenses) we have had to pay for your policy.","exclusion_period_months":12}
Source: PDF ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab PRUVital Cover Prudential Singapore verified {"source_page":2,"payout_within_period":"If the life assured dies from suicide within 12 months from the Cover Start Date or date of reinstatement of your policy, we will cancel your policy and refund the total premiums, without interest, received from you less expenses incurred by us on your policy.","exclusion_period_months":12}
Source: PDF ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab PRUWealth Plus (SGD) Prudential Singapore verified {"source_page":13,"payout_within_period":"There are certain conditions (such as death from suicide or Pre-existing Conditions within 12 months from Cover Start Date, or date of reinstatement (if any) under which no benefits will be payable.","exclusion_period_months":12}
Source: PDF ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab DIRECT - Singlife Term Life Singlife verified {"source_page":3,"payout_within_period":"If the life assured commits suicide (while sane or insane) within one year from the policy issue date or the last reinstatement date of your policy, whichever is later, we will void your policy on the date immediately before the date of death. As long as you have not made any claim under your policy, we will refund premiums paid for the basic benefits, without interest and less any amount you owe us, from the policy issue date or the last reinstatement date of your policy, whichever is later.","exclusion_period_months":12}
Source: PDF ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab DIRECT - Singlife Whole Life Singlife verified {"source_page":10,"payout_within_period":"If the life assured commits suicide (while sane or insane) within one year from the policy issue date or the last reinstatement date of your policy (whichever is later), your policy is void on the date immediately before the date of death. We will refund premiums paid for the basic benefits, without interest and less any amount you owe us, from the policy issue date or the last reinstatement date of your policy (whichever is later).","exclusion_period_months":12}
Source: PDF ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Elite Term II Singlife verified {"source_page":5,"payout_within_period":"We will void Your Policy on the date immediately before the date of death. As long as You have not made any claim under the Policy, We will refund premiums paid for the Policy, without interest and less any amounts owing to Us, from the Policy Issue Date, or the last reinstatement date, whichever is later.","exclusion_period_months":12}
Source: PDF ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Flexi Life Income II Singlife verified {"source_page":7,"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}
Source: PDF ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Heritage Income Singlife verified {"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}
Source: PDF ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Savvy Invest II Singlife verified {"source_page":13,"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 void from the date immediately prior to the date of death. We will refund without interest, the account value of the policy based on the unit price on the next appropriate fund valuation date immediately following the date We receive the death claim notification, less any amount of Welcome Bonus and Loyalty Bonus paid from the policy issue date or the date of …
Source: PDF ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Smart Saver Singlife verified {"source_page":9,"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 void from the date immediately prior to the date of death.","exclusion_period_months":12}
Source: PDF ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Steadypay Saver Singlife verified {"source_page":6,"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 prior to the date of death.","exclusion_period_months":12}
Source: PDF ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Cross-insurer comparison
For full cross-insurer side-by-side, see the comparison page . For semantic search across all wordings, use the clause search . For a personalised quote shortlist, use the free quote tool .
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/topic/sum-assured/
Sum Assured Across Singapore Life Insurance Products — Cross-Insurer Comparison Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Topic Sum Assured across Singapore life insurance products Minimum and maximum sum assured per policy and per life insured. 0 of 50 active products on the policy library surface a value for this topic. Each value is extracted from the insurer's Product Summary on compareFIRST.sg.
No products on the policy library currently surface a value for this topic. This usually means the topic is not covered explicitly in the Product Summary (it may be in the full Policy Contract instead). Use clause search to find the exact wording. Cross-insurer comparison
For full cross-insurer side-by-side, see the comparison page . For semantic search across all wordings, use the clause search . For a personalised quote shortlist, use the free quote tool .
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/topic/surrender-value/
Surrender Value Across Singapore Life Insurance Products — Cross-Insurer Comparison Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Topic Surrender Value across Singapore life insurance products Cash value payable if policy is surrendered early — guaranteed and non-guaranteed components. 0 of 50 active products on the policy library surface a value for this topic. Each value is extracted from the insurer's Product Summary on compareFIRST.sg.
No products on the policy library currently surface a value for this topic. This usually means the topic is not covered explicitly in the Product Summary (it may be in the full Policy Contract instead). Use clause search to find the exact wording. Cross-insurer comparison
For full cross-insurer side-by-side, see the comparison page . For semantic search across all wordings, use the clause search . For a personalised quote shortlist, use the free quote tool .
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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### https://lifeinsurance.com.sg/topic/terminal-illness/
Terminal Illness Benefit Across Singapore Life Insurance Products — Cross-Insurer Comparison Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Topic Terminal Illness Benefit across Singapore life insurance products Accelerated death-benefit payment on terminal-illness diagnosis. 0 of 50 active products on the policy library surface a value for this topic. Each value is extracted from the insurer's Product Summary on compareFIRST.sg.
No products on the policy library currently surface a value for this topic. This usually means the topic is not covered explicitly in the Product Summary (it may be in the full Policy Contract instead). Use clause search to find the exact wording. Cross-insurer comparison
For full cross-insurer side-by-side, see the comparison page . For semantic search across all wordings, use the clause search . For a personalised quote shortlist, use the free quote tool .
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/topic/underwriting/
Underwriting Across Singapore Life Insurance Products — Cross-Insurer Comparison Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Topic Underwriting across Singapore life insurance products Medical examination thresholds, smoker loadings, occupational rating. 16 of 50 active products on the policy library surface a value for this topic. Each value is extracted from the insurer's Product Summary on compareFIRST.sg.
AIA Platinum Wealth Elite 2.0 AIA Singapore verified {"source_page":8,"smoker_loading":true,"occupational_rating":"A non-standard life will be subjected to higher IRC rates, which will be set out in a separate endorsement.","pre_existing_treatment":"any and all pre-existing illnesses, diseases, impairments or conditions from which the Insured is suffering prior to the Issue Date or Reinstatement Date of your Basic Policy, whichever is later, unless a declaration was made in the application for, or reinstatement of, your Basic Policy and such application is specifically accepted by us."}
Source: PDF ↗
AIA Singapore Product Summary Verified 1 Jul 2025 Opens in a new tab DIRECT - GREAT Life II Great Eastern verified {"source_page":8,"pre_existing_treatment":"We may reject your claim if the life assured has a pre-existing condition and: has not declared it in the proposal form as required for a new policy (if applicable); or has not declared it in the reinstatement form as required for a reinstatement (if applicable); or has not declared it in the application form as required for an increase in the sum assured (if applicable)."}
Source: PDF ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab DIRECT - GREAT Term Great Eastern verified {"source_page":3,"pre_existing_treatment":"We may reject your claim if the life assured has a pre-existing condition and: has not declared it in the proposal form as required for a new policy (if applicable); or has not declared it in the reinstatement form as required for a reinstatement (if applicable); or has not declared it in the application form as required for an increase in the sum assured (if applicable)."}
Source: PDF ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern Cares Term Plan Great Eastern verified {"source_page":4,"pre_existing_treatment":"We may reject your claim if the life assured has a pre-existing condition and: has not declared it in the proposal form as required for a new policy (if applicable); or has not declared it in the reinstatement form as required for a reinstatement (if applicable); or has not declared it in the application form as required for an increase in the sum assured (if applicable)."}
Source: PDF ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab GREAT Life Advantage 4 Great Eastern verified {"source_page":6,"pre_existing_treatment":"Simplified underwriting available if life assured is age 55 next birthday or younger and only base plan or base plan with GREAT CI Advantage Rider is purchased with total coverage equal to or less than S$300,000. Under simplified underwriting, claims for death, TPD or TI diagnosed due to pre-existing condition within 12 months from date of issue or reinstatement will not be payable. Full underwriting applies otherwise. Increase in basic sum assured requires medical underwriting (except for GISA Option). Increase in basic regular premium requires fi…
Source: PDF ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab GREAT Wealth Advantage 4 Great Eastern verified {"source_page":9,"smoker_loading":true,"pre_existing_treatment":"Pre-existing conditions are excluded for death benefit, TPD benefit and terminal illness benefit within 12 months from date of issue or date of reinstatement. Single premium top-ups are subject to financial underwriting."}
Source: PDF ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Prestige Legacy Index Great Eastern inferred {"source_page":10,"smoker_loading":true,"occupational_rating":"The actual premium payable varies based on the life assured's age at entry, gender, smoker status, country of residency at inception, underwriting risk class, sum assured, premium apportionment mix and index account apportionment mix."}
Source: PDF ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Prestige Life Gold 4 (SGD/USD) Great Eastern verified {"source_page":9,"pre_existing_treatment":"We may reject your claim if the life assured has a pre-existing condition and: has not declared it in the proposal form as required for a new policy (if applicable); or has not declared it in the reinstatement form as required for a reinstatement (if applicable); or has not declared it in the application form as required for an increase in the sum assured (if applicable)."}
Source: PDF ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab PRUActive LinkGuard Prudential Singapore verified {"source_page":15,"smoker_loading":true,"occupational_rating":"If you are required to pay extra for medical, occupational or hazardous activities, these will be added to the assurance charge.","pre_existing_treatment":"If the symptoms of the terminal illness existed at the cover start date or date of reinstatement (if any) of this benefit, we do not pay. Disability that existed at the cover start date or date of reinstatement (if any) of this benefit is also excluded."}
Source: PDF ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab PRUVital Cover Prudential Singapore verified {"source_page":2,"pre_existing_treatment":"A \"Pre-existing Condition\" is the existence of any signs or symptoms for which treatment, medication, consultation, advice or diagnosis has been sought or received by the life assured or would have caused an ordinary prudent person to seek treatment, diagnosis or cure, prior to the Cover Start Date or date of reinstatement (if any) of this benefit. If the life assured dies from a Pre-existing Condition within 12 months from the Cover Start Date or date of reinstatement (if any) of your policy, we cancel your policy unless the level of severity wa…
Source: PDF ↗
Prudential Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Flexi Life Income II Singlife verified {"source_page":1,"pre_existing_treatment":"No medical underwriting is required."}
Source: PDF ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Heritage Income Singlife verified {"source_page":1,"pre_existing_treatment":"Guaranteed issuance upon application. No medical underwriting is required."}
Source: PDF ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Legacy Indexed Income Singlife verified {"source_page":4,"pre_existing_treatment":"Guaranteed acceptance upon application with no medical underwriting needed."}
Source: PDF ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Savvy Invest II Singlife verified {"source_page":1,"pre_existing_treatment":"This plan is offered on guaranteed issuance offer basis."}
Source: PDF ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Smart Saver Singlife verified {"source_page":1,"pre_existing_treatment":"Guaranteed issuance upon application. No medical underwriting is required."}
Source: PDF ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife Steadypay Saver Singlife verified {"source_page":1,"pre_existing_treatment":"Guaranteed issuance upon application. No medical underwriting is required."}
Source: PDF ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab Cross-insurer comparison
For full cross-insurer side-by-side, see the comparison page . For semantic search across all wordings, use the clause search . For a personalised quote shortlist, use the free quote tool .
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/whole-life-insurance-singapore/
Whole Life Insurance in Singapore: 2026 Buyer's Guide & Policy Comparison Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Whole life insurance
Whole life insurance in Singapore — what to actually compare
Whole life policies in Singapore are sold by every MAS-licensed insurer in either
participating or non-participating form, almost always
with an optional multiplier until age 70 or 80, and with a premium term
that runs 10, 15, 20, 25 or 30 years. The features look superficially similar across
brands; the meaningful differences sit in the bonus history, surrender-value curve, and
the riders bundled in. This guide explains how to read each insurer's Product Summary so
the comparison is apples-to-apples.
Key facts Participating policies share in life-fund profits; non-par policies pay only guaranteed sums. Multipliers boost the death / TPD sum assured during a defined window — common shapes are 2x or 3x until age 70 or 80. Cash surrender values typically catch up to total premiums paid around year 10-15. Every quote is illustrated with two bonus-rate assumptions (a lower and higher scenario) — both are non-guaranteed . The MAS / LIA-backed comparison portal at compareFIRST.sg publishes a standardised Product Summary for every active product. What "whole life" actually means in Singapore
A whole life policy pays a death benefit whenever the life-assured dies, provided premiums
have been kept current — it does not expire at a fixed term like term insurance does. In
return, whole life premiums are several times higher than equivalent-sum-assured term
premiums, because the insurer is funding a payout that will happen rather than
might happen.
In Singapore, the vast majority of whole life sales are participating
("par") policies. Premiums are pooled into the insurer's par fund, which is invested in a
mix of bonds, equities and alternatives. Profits from that fund are shared with policy
owners via two channels: a reversionary bonus declared annually and added
to the guaranteed sum assured, and a terminal bonus declared when the
policy is claimed or surrendered. Both bonus rates are non-guaranteed and can be revised
— every Singapore insurer has cut its illustrated bonus rate at least once in the last
decade.
A non-participating ("non-par") whole life policy strips out the bonus
layer and pays only a fixed guaranteed sum on claim. Premiums are typically lower for the
same headline coverage. Non-par whole life is less common in Singapore than par, but
Singlife, Income and FWD all carry at least one non-par option as of 2026.
Multipliers — the headline feature most quotes lead with
A multiplier increases the death-benefit (and usually TPD-benefit) sum assured during a
defined high-coverage window — typically until age 70 or 80. A 2x multiplier on a
SGD 250,000 base sum assured pays SGD 500,000 if the insured dies before the multiplier
cut-off, and reverts to SGD 250,000 (plus any accumulated bonuses) afterwards. A 3x
multiplier triples the figure.
Multipliers exist because the typical Singapore buyer wants more coverage during
the working / dependent-children years, and less coverage in retirement when liabilities
are smaller. Locking in a high sum assured for life would be much more expensive; a
multiplier shape gives the high coverage cheaply by capping it to the years when it
matters.
Two things to check on every multiplied whole life quote:
The multiplier cut-off age. Some products end the multiplier at 70, others at 80. A 2x policy that ends at 80 carries the high cover for an extra decade of liability. How TPD is treated. Total & Permanent Disability cover is usually multiplied in lock-step with death cover, but a handful of products multiply only the death benefit. Check the Product Summary's "Multiplier" clause. Premium term — 10, 15, 20, 25, or 30 years (or life)
Whole life premiums are not paid for life. Singapore products offer "limited
pay" structures where premiums are concentrated into a defined window — 10, 15, 20, 25 or
30 years — and then cease while the coverage continues for life. A 10-year premium term
will cost roughly 3-4x the annual premium of a 30-year term for the same sum assured, but
the total amount paid over the policy life is much lower.
Some products still offer a "pay-to-life" structure where premiums continue as long as
the policy is in force. This is less common in 2026 — most active buyers prefer to fix the
premium horizon to their expected income years.
Cash surrender value — when does it catch up?
Every whole life Product Summary illustrates the projected surrender value year-by-year
under two bonus scenarios. In the first three years the surrender value is typically zero
or close to zero — almost all of the early premiums go to commissions and acquisition
costs. The crossover point where surrender value exceeds total premiums paid is typically
somewhere in years 12-18, depending on the product and the bonus rate scenario used.
The Product Summary illustrates surrender values at both a higher and a lower bonus-rate
assumption. Both are non-guaranteed and every Singapore insurer has revised these
assumptions downward at least once in the last decade. The guaranteed portion of
surrender value is much lower — and is typically the only figure worth using for downside
planning.
Whole life vs term life — the two-line decision
Buy term life if: you want the maximum coverage per dollar of premium, your need is
time-bounded (children to independence, mortgage to clearance), and you have the
discipline to invest the premium-savings elsewhere.
Buy whole life if: you want lifelong coverage that will pay out, you value the
cash-value component as a low-volatility savings sleeve, and you're prepared to commit
to the premium horizon you signed for (whole life is expensive to exit early). For most
Singapore buyers a blended approach works best: term life for the high-coverage years,
a smaller whole life policy as a permanent floor.
See the term life insurance Singapore guide and
the how to compare life insurance Singapore
explainer for the full decision framework.
Where to get the actual numbers
Every MAS-licensed insurer publishes a standardised Product Summary for every active life
product on compareFIRST.sg ,
the MAS / LIA-backed comparison portal. Each Product Summary is a public PDF that lists
the guaranteed and projected benefits, surrender values, bonus history, exclusions and
the full fee schedule.
Lifeinsurance.com.sg ingests every active Product Summary into a policy library, so
you can compare specific clauses (e.g. multiplier age, exclusions, surrender penalties)
across products without opening each PDF. The product comparison table below populates
from that policy library.
Whole life products on the policy library 6 participating and non-participating whole life products from
MAS-licensed Singapore insurers, ingested from each insurer's published Product Summary
on compareFIRST.sg. Click any source chip to open the original PDF.
Income Insurance Complete Life Secure Whole life
Source: Income Insurance Product Summary ↗
Income Insurance Product Summary Verified 5 Jun 2026 Opens in a new tab Singlife DIRECT -
Singlife Whole Life Whole life
Source: Singlife Product Summary ↗
Singlife Product Summary Verified 5 Jun 2026 Opens in a new tab AIA Singapore AIA Guaranteed Protect
Plus (IV) Whole life
Source: AIA Singapore Product Summary ↗
AIA Singapore Product Summary Verified 5 Jun 2026 Opens in a new tab Great Eastern Prestige
Legacy Index Whole life
Source: Great Eastern Product Summary ↗
Great Eastern Product Summary Verified 5 Jun 2026 Opens in a new tab Prudential Singapore PRUActive Life V Whole life
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 1 Mar 2026 Opens in a new tab Prudential Singapore PRUVantage Legacy
Index Whole life
Source: Prudential Singapore Product Summary ↗
Prudential Singapore Product Summary Verified 2 Sept 2025 Opens in a new tab Frequently asked questions Is whole life insurance worth it in Singapore? Whole life is worth it when the goal is permanent coverage plus a forced-savings cash value, and the buyer can commit to a 20-25 year premium horizon. For pure death-benefit cover at the least expense per dollar of cover, term life is usually a better fit. The MAS / LIA compareFIRST.sg portal lets you check side-by-side premiums for both shapes from MAS-licensed insurers. How much does whole life insurance cost in Singapore? Premiums vary by sum assured, entry age, gender, smoker status, multiplier (e.g. 2x or 3x death benefit until age 70), and whether the policy is participating (with bonuses) or non-participating. A non-smoking 30-year-old male buying SGD 500,000 sum assured with a 25-year premium term typically pays roughly SGD 3,000-6,000 per year for a participating whole life policy. Always pull a current quote from the insurer or a MAS-licensed FA — illustrative figures vary substantially by product and bonus-rate assumptions. What's the difference between participating and non-participating whole life? A participating ("par") whole life policy shares in the insurer's life-fund profits via annual reversionary bonuses and a terminal bonus on claim. A non-participating ("non-par") whole life policy pays only a guaranteed sum — no bonuses, but premiums are typically lower and the projected payout is easier to model. Most Singapore whole life products today are participating. What is a multiplier in whole life insurance? A multiplier increases the death and Total & Permanent Disability (TPD) sum assured during a defined "high-coverage" window, typically until age 70 or 80. A 2x multiplier on SGD 250,000 sum assured pays SGD 500,000 if death occurs during the multiplier period and reverts to SGD 250,000 (plus accrued bonuses) afterwards. Multipliers let buyers carry higher protection during their working years without locking in lifelong premiums on the higher figure. Can I surrender my whole life policy? Yes. After the policy has accumulated cash value (typically 2-5 years in), you can surrender for the prevailing cash value. Surrender values in the early years are often lower than the premiums paid — the cash value usually only catches up around year 10-15 and breaks even with paid premiums later still. Surrender penalties and projected non-guaranteed bonuses are disclosed in every insurer's Product Summary. Which insurers sell whole life in Singapore? All MAS-licensed life insurers offer at least one whole life product. The major issuers as of 2026 are AIA, Prudential, Manulife, Singlife (formerly Aviva), Great Eastern, Income (NTUC), HSBC Life, Etiqa, FWD, China Life, China Taiping, Sun Life, Tokio Marine Life, Transamerica Life Bermuda and Manulife (Bermuda). MAS publishes the full licensed-insurer directory on the Financial Institutions Directory. Whole life vs term life — which should I buy in Singapore? Buy term if your priority is the maximum coverage per dollar of premium over a defined period (typically until children are independent or a mortgage is paid). Buy whole life if you want lifelong coverage AND a savings-component that builds cash value. Many Singapore buyers run a 'buy term and invest the difference' strategy: take a 25-year term policy for the bulk of cover and put the premium savings into a CPF Investment Scheme or low-cost ETFs. Compare both shapes side-by-side on compareFIRST.sg before deciding. Sources & methodology
Premium ranges and product structures referenced above are drawn from MAS-licensed insurer
Product Summaries published on compareFIRST.sg
and the MAS Financial Institutions Directory. No premium quoted on this page is a binding offer —
always pull a current quote from the insurer or a MAS-licensed financial adviser. This page is
informational and does not constitute financial advice under the Financial Advisers Act.
Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
---
### https://lifeinsurance.com.sg/whole-life-multiplier-singapore/
Whole Life Multiplier Singapore — 2x, 3x, 5x Multiplier Benefits Explained Life Insurance Singapore Compare Reviews Clause search FAQ Get quote Singapore · Multiplier benefit Whole life multiplier benefits in Singapore
The multiplier is the headline feature on most Singapore whole life policies sold today. It boosts the death and TPD sum assured during a defined high-coverage window — typically until age 70 or 80 — then reverts to the base sum assured plus accumulated bonuses. This guide explains 2x vs 3x vs 5x options, cut-off-age trade-offs, and how to compare across products.
How multipliers work
At policy issue, you choose a base sum assured and a multiplier (e.g. 2x or 3x). The death / TPD benefit during the multiplier window is base × multiplier. After the cut-off age (typically 70 or 80), the benefit reverts to the base sum assured plus accumulated reversionary bonuses plus any terminal bonus.
Example: SGD 250,000 base sum assured with 3x multiplier to age 80. Death at age 45 → pays SGD 750,000. Death at age 78 → pays SGD 750,000. Death at age 85 → pays SGD 250,000 + accumulated bonuses (which might be material after 50+ years of compounding).
2x vs 3x vs 5x
The higher the multiplier, the higher the premium for the same base sum assured. Trade-offs:
1x (no multiplier) — full base sum assured at all ages. Premium is lowest but coverage during working years is also lowest. 2x — most-purchased option. Doubles coverage during working years at moderate premium increase. Good default for most buyers. 3x — triples coverage. Premium step-up vs 2x is material but the working-years cover is materially higher. Suits buyers wanting peak-years protection without buying a separately-larger base policy. 4x / 5x — available on some products. The most-aggressive multiplier shapes. Premium can be substantially higher than 2x equivalent; typically suits buyers needing high cover during 30s-50s but wanting whole-life permanence. Cut-off age — 70 vs 80
Most Singapore products use age 70 as the multiplier cut-off. Some products run to age 80. The extra 10 years of high-multiplier cover can be material if dependants are still financially reliant at 70-80 (late-life children from second marriages, dependent parents needing care, ongoing business interests).
Premium difference between age-70 and age-80 cut-off is typically modest. For most buyers, the age-80 option is worth the premium step-up if available.
Multiplier vs buying a bigger base policy
Alternative: instead of SGD 250k base with 3x multiplier, buy SGD 750k base with 1x. Total premium for the larger 1x is materially higher than the smaller multiplied policy because you're funding lifetime cover (including post-70 years when liability is typically low).
Multipliers efficiently price the actual cover-need curve — high during working years, lower after. For most buyers wanting whole life, a multiplied policy delivers more value than the equivalent-headline larger non-multiplied policy.
Reading the multiplier on Product Summaries
On any Singapore whole life Product Summary, find the "Multiplier" or "Death Benefit Schedule" section. Check:
Maximum multiplier ratio available (1x, 2x, 3x, etc.) Cut-off age (70, 80, or other) Whether multiplier covers both death and TPD or only one Whether the multiplier applies to accumulated reversionary bonuses (some products multiply base + bonuses; others multiply base only) Premium step-up for each multiplier choice in the premium schedule
Compare across the whole life products in the policy library or use the clause search for "multiplier benefit" clauses.
Frequently asked questions What is a whole life multiplier? A feature that multiplies the death and TPD sum assured during a defined window — typically until age 70 or 80. A 2x multiplier on SGD 250,000 base sum assured pays SGD 500,000 if death occurs during the multiplier period, reverting to the base SGD 250,000 (plus accumulated bonuses) afterwards. Why do Singapore policies use multipliers? Multipliers solve the cover-need-curve problem cheaply. Working-age buyers with dependants and a mortgage need high cover; retired buyers with no dependants and a paid-off mortgage need less. A multiplier gives high coverage during the high-need window without locking in the cost of permanently-high cover. What multiplier ratios are available? Common Singapore options: 1x (no multiplier), 2x, 3x, and on some products 4x or 5x. The higher the multiplier, the higher the premium for the same base sum assured. 2x is the most-purchased option; 3x is popular for buyers wanting peak-years protection at moderate premium. When does the multiplier cut off? Most products cut off the multiplier at age 70. Some products run to age 80. A few specialty products cut off at age 65 (matching working-age retirement). After the cut-off, the death and TPD benefit reverts to the base sum assured plus accumulated bonuses. Does the multiplier apply to all benefits? Most multipliers cover both death benefit and TPD benefit in lock-step. A few products multiply only the death benefit — read the rider wording. Critical illness payouts are usually NOT multiplied — CI riders pay their own sum assured separately. Information from MAS-licensed insurer Product Summaries. Not financial advice — consult a MAS-licensed financial adviser for personalised recommendations. Pillars Term life Whole life Investment-linked (ILP) Endowment Retirement income How to compare Critical illness Accidental death benefit CPF & life insurance Life insurance cost For expats For business owners Joint life During pregnancy Compare All products All providers Browse products Insurer reviews Clause search Best term life 2026 Best whole life 2026 About About Methodology Partners FAQ Privacy Terms Get in touch hello@lifeinsurance.com.sg Get a quote
© 2026 Life Insurance Singapore. Information only — not financial advice. Always verify policy details with the MAS-licensed insurer or a MAS-licensed financial adviser.
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