Singlife Flexi Retirement

(Previously known as MyRetirementChoice III)
A customisable savings insurance plan that gives you regular retirement income and disability protection

Download Brochure sl-icon-red-arrow

Score your retirement goals with fewer wrinkles

One plan, two assurances for your golden years

That’s what you get with Singlife Flexi Retirement, the plan that not only supports your dream retirement lifestyle but also protects you against unexpected events during old age. Since only you know best when you should retire and how much you’d need monthly, you can tailor the plan to your needs.

Benefits and Features sl-icon-guide-arrow


Flexibility in your retirement plan

Choose your Guaranteed Monthly Income2, how long you'll like to receive the monthly payouts3 and more.


100% Capital return

Be assured that you'll receive at least all the premiums you've paid for your basic plan when you start receiving your monthly payouts4.


Potential bonuses

There's a lump-sum payout at your chosen retirement age which can be coverted into monthly payoutsand a monthly cash bonus6.



Reinvest for higher returns

Don't need your retirement income just yet? Reinvest7 your monthly payout for higher returns in the future.


Financial support for disabilities

You won't need to pay premiums if you become totally and permanently disabled, and still get your retirement income.


Add on riders

Layer up for better assurance with our range of optional riders8 that you can add to your basic plan.

Additional income when disability happens

Protection for greater assurance

Care Income Benefit

In the event you are unable to perform at least 2 out of 6 Activities of Daily Living (ADLs) receiving your retirement income, you’ll receive an additional monthly payout from Care Income Benefit9 to support you.

Single Lump-sum Payout

You also have the flexibility to turn your monthly disability payouts into a single lump-sum payout10, which could be useful if you need to remodel your house or purchase mobility aids.

Important Notes


All ages mentioned refer to age next birthday.


  1. Seniors in Singapore: Monthly household budget needed for basic standard of living. Source: The Straits Times© Singapore Press Holdings. Extracted with permission. “Single elderly Singaporeans need $1,379 a month to meet basic living standard: study,” 22 May 2019. 

  2. The minimum amount of Guaranteed Monthly Income is the higher of S$300 per month or the amount that will result in an annual premium of at least S$800 for the basic plan. 

  3. Payout period for the retirement income can be from 5 years up to 35 years (at every 1-year interval). The last age for receiving the Monthly Total Income must be less than or equal to age 99. 

  4. Capital is guaranteed at the end of the chosen Accumulation Period (which is also the start of the chosen retirement age), provided that 100% of the total premiums are paid before the end of the grace period. Accumulation Period is the period from the end of the premium payment term until the Policy Anniversary prior to the first payment of Monthly Total Income. 

  5. The policyholder may choose the following: i) withdraw the accrued Reversionary Bonus in one lump sum which will be payable at the Policy Anniversary immediately after the end of the Accumulation Period; or ii) convert the accrued Reversionary Bonus into Additional Monthly Income at the Policy Anniversary immediately after the end of the Accumulation Period. Please refer to the Product Summary for details. 

  6. Monthly Cash Bonus (MCB) and Guaranteed Monthly Income are part of the Monthly Total Income (MTI) benefit which the policyholder will receive during the Income Payout Period. MTI may also include the Additional Monthly Income (AMI) if the policyholder decides to convert their accrued Reversionary Bonus into AMI at the end of the Accumulation Period. MTI payments will start one month following the end of the selected Accumulation Period. The MCB is not guaranteed. 

  7. For the reinvestment option, please refer to the Policy Illustration for the prevailing non-guaranteed interest rate. Singapore Life Ltd. reserves the right to revise the non-guaranteed interest rate based on future experience. 

  8. For more details on the riders, please refer to the respective Product Summaries. 

  9. The Care Income Benefit is available at any time during the Income Payout Period. If the Life Assured meets the Partial Disability definition, we will pay a Care Income Benefit of up to 100% of the chosen Guaranteed Monthly Income every month, depending on the severity of the Partial Disability, starting from the next Monthly Anniversary Date after a 90-day period from the date (inclusive) on which a Registered Medical Practitioner certifies the Partial Disability.

    This benefit will end immediately when the Life Assured no longer meets the Partial Disability Definition, upon the death of the Life Assured or when the Policy terminates, whichever is earliest. Please refer to the Product Summary for the full definition of Partial Disability and details. 

  10. If the Life Assured is first diagnosed with Partial Disability during the Income Payout Period and it is the first valid Care Income Benefit (CIB) claim, you may apply to exercise the Fast Forward Option (FFO) to receive the CIB in a lump sum. The payout will be made after a 90-day deferment period from the date (inclusive) on which a Registered Medical Practitioner certifies the Partial Disability. The lump-sum amount will be lower than the total CIB and will be determined by us. Please refer to the Policy Illustration for the lump-sum amount you may receive when you exercise the FFO.

    The FFO will be available only once and you must decide whether to exercise the FFO when submitting the claim for the CIB. If the FFO is not exercised, it will not be available once the payment of CIB has started. The CIB will not be available again if the FFO was exercised for Partial Disability where the Life Assured was unable to perform at least 3 Activities of Daily Living (ADLs). The CIB of remaining 50% of Guaranteed Monthly Income will still be available for future eligible claims or Partial Disability where the Life Assured is unable to perform at least 3 ADLs, if the FFO was exercised for Partial Disability where the Life Assured was unable to perform 2 ADLs. Please refer to the Product Summary for details. 

  11. The lump-sum payout shown assumes that the payout is made at the beginning of the respective Policy Year in which the Life Assured turns 70, 75 or 78 years old, after the deferment period. Actual payout will be pro-rated according to when the Partial Disability was diagnosed in that Policy Year. The Fast Forward Option is available only once and the policyholder must decide whether to exercise this option when submitting the claim for the Care Income Benefit. For more details on the Fast Forward Option, please refer to the Product Summary.


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. Buying a health insurance policy that is not suitable for you may impact your ability to finance your future healthcare needs. 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 August 2022.

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 ( or