All ages mentioned refer to age next birthday.

 

         Important notes

 

1.      Yearly Income will be payable at the end of every policy year starting from the end of the Accumulation Period, less any amount owing to

         Singapore Life Ltd., 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 2.2% of the Sum Assured; and

          b) Cash Bonus (non-guaranteed), if any, at 3%^ or 0.9%^ of the Sum Assured.

          ^ Cash Bonus rates indicated above are based on illustrated investment rates of return of 4.25% and 3% per annum respectively as

          illustrated in the Policy Illustration. Please refer to the Policy Illustration for more details.

          Note: Accumulation Period refers to the period from the end of the premium payment term until the first payment of Yearly Income.

 

2.       The Sum Assured is used to determine the Guaranteed Cash Benefit, Cash Bonus (non-guaranteed) and Booster Bonus (non-guaranteed)

           payable and is not the Death Benefit.

 

3.       The Booster Bonus is non-guaranteed and at 0..5%* or 0.3%* of the Sum Assured. It will be payable every policy year starting from the                   

           Policy Anniversary immediately following:

           a) the date on which the Life Assured attains age 60; or

           b) the end of the 20th policy year after the Accumulation Period ends,

           whichever is later, as long as the Life Assured is alive and while the policy is in force.

           * Booster Bonus rates indicated above are based on illustrated investment rates of return of 4.25% and 3% per annum respectively as

           illustrated in the Policy Illustration. Please refer to the Policy Illustration for more details.

 

4.       The Guaranteed Cash Surrender Value is equivalent to Total Premiums Paid for the basic plan as at the end of the Accumulation Period or

           the end of:

           a) 8th policy year for policies with Single Premium payment term;

           b) 13th policy year for policies with 3 years premium payment term;

           c) 15th policy year for policies with 5, 10 or 15 years premium payment term; or

           d) 25th policy year for policies with 20 or 25 years premium payment term;

           whichever is earlier, subject to policy terms and conditions.

           The Guaranteed Cash Surrender Value will increase at 0.25% per annum (compounded) from the 5th policy year after the end of the

           Accumulation Period.

 

5.       Guaranteed returns of 2.32% p.a. is based on coverage for a Life Assured between age 20 and 24 (both ages inclusive) with a sum assured

          of S$500,000 and an Accumulation Period of 20 years, who is paying annual premiums over 20 years; with an assumption that the policy

          will be surrendered at the end of the policy year when the Life Assured is age 99. The return is rounded to the nearest percentage.

 

 6.      Death and Terminal Illness coverage is subject to the following conditions:

          For Death Benefit

          In the event of the Life Assured’s death while the policy is in force, the lump-sum Death Benefit payable will comprise:

          a) the higher of:

          i. 101% of Total Premiums Paid for the basic plan (excluding advance premiums and premiums for riders (if any) attached to the policy);

          or

          ii. the Guaranteed Cash Surrender Value;

          b) Terminal Bonus as declared by Singapore Life Ltd. (if any); and

          c) any reinvested Yearly Income and Booster Bonus with non-guaranteed interest (if not previously withdrawn);

          less any amount owing to Singapore Life Ltd.

 

          For Terminal Illness Benefit

          Upon diagnosis of Terminal Illness of the Life Assured while the policy is in force, Singapore Life Ltd. will pay the Terminal Illness Benefit in

          one lump sum, as an advancement of the Death Benefit.

 

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

 

8.       The sum of your entry age (in years) and your preferred premium payment term must not exceed 75 years. You can choose to pay   

           premiums in a single lump sum (single premium) or over 3, 5, 10, 15, 20 or 25 years. There is a minimum Accumulation Period depending

           on your choice of premium payment term. The latest you can start receiving your Yearly Income is at 80 years old. Please refer to the

           Product Summary for more details.

 

9.        For policy funded by Supplementary Retirement Scheme (SRS) monies, the policyholder must be the Life Assured covered under the

           policy. The withdrawn Yearly Income, Booster Bonus (if any) and any cash proceeds will be credited back to the SRS account as per

           prevailing SRS guidelines.

 

10.   The total surrender value consists of the Basic Cash Value, i.e. Guaranteed Surrender Value and Terminal Bonus (if any). Please refer to the

           Policy Illustration for the illustrated Cash Surrender Value you may get for early policy surrender.