Terms and Conditions apply. All ages mentioned refer to age next birthday.
 

1. The original policyholder who first purchased a Singlife Smart Saver plan (referred to as the main plan) may purchase Singlife Smart Saver Plus add-on plans at least 6 months after the main plan has been issued. The policyholder has the flexibility to choose different policy and premium terms from the main plan. The add-on plan(s) will have the same features as the main plan, with the following exceptions:
   a. The add-on plan(s) do not include the Life Stage Add-on feature, and
   b. 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.
   
   
2. This option can only be exercised when the main plan is still active and subject to the availability of Singlife Smart Saver Plus. 
   
   
3. This option allows you to divide the base policy into separate sub-policies before it matures. Once the policy is split, it cannot be reversed. This option can only be exercised once. At the time of exercising the option, the base policy will end and the sub-policies must each meet a minimum guaranteed surrender value of S$100,000, as at the date the option is exercised. This amount may change at our discretion, and we will inform the policyholder if the minimum value for the Legacy Distribution Option is updated when applying. Please refer to the Product Summary for more details. 
   
   
4. The policyholder can request to appoint or change a Secondary Life Assured at policy application or during policy term, while the Assured or Life Assured is alive. The secondary Life Assured must have sufficient insurable interest in relation to the Policyholder. Upon the death of the Life Assured, the policy continues with cover on the life of the appointed Secondary Life Assured, and no death benefit will be payable. 
   
   
5. If the Life Assured dies while the policy is in force, and there is no appointed Secondary Life Assured, the lump-sum Death Benefit payable will comprise:
   
   a. the higher of:
      i. 105% of the Total Premiums Paid for the basic plan; or
      ii. the Guaranteed Cash Surrender Value;
   b. the accumulated Reversionary Bonus (if any); and
   c. the Terminal Bonus (if any), less any amount owed to us.
   
   If the Life Assured is diagnosed with Terminal Illness while the policy is in force, we will pay the Terminal Illness Benefit in one lump sum, as an advancement of the Death Benefit.
   
   
6. 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 they turn age 80, we will pay 100% of the Sum Assured on the basic plan, in addition to the Death Benefit, in one lump sum.
   
   
7. Retrenchment Benefit is available once per policy for Life Assured aged 17 or older, waives premiums on the basic policy and all supplementary benefits for up to 12 months after the Life Assured is involuntarily unemployed for three consecutive months. The application must be submitted within six months of unemployment, and proof of job termination or closure (for self-employed individuals) is required. A six-month waiting period from policy inception applies before this benefit can be used. Premiums paid during the waiver period will be refunded, and payments must resume at the end of the waiver period. Conditions apply, including that the unemployment must not result from retirement, resignation, stress-related issues, contract expiration, or anticipated layoffs known prior to the policy start date. This benefit must be exercised before the Life Assured reaches age 65. Please refer to the Product Summary for more details.
   
   
8. Policy term must be 3 or more years longer than premium term.
   
   
9. Non-guaranteed bonuses are made up of accumulated Reversionary Bonus and Terminal Bonus. They are non-guaranteed and depend on the performance of Our Participating Fund. Reversionary Bonus is non-guaranteed but once declared and vested, it forms part of the guaranteed benefit of the policy. 
   
   
10. The guaranteed amount that you will receive at the Policy Maturity Date is at least equivalent to the Total Premiums Paid for the basic plan, subject to the policy terms and conditions.
    
    
11. Please speak to your financial adviser representative for the available riders. For more information, please refer to the riders’ respective Product Summaries.

Note: All figures in the illustration (“How Singlife Smart Saver Helps You Plan for Your Child’s Education and Your Retirement Needs” and “How Singlife Smart Saver Helps With Legacy Planning”) are based on the illustrated investment rate of return of 4.25% per annum.

• For the illustration on “How Singlife Smart Saver Helps You Plan for Your Child’s Education and Your Retirement Needs”, at illustrated investment rate of return of 3% per annum, the potential bonus for Singlife Smart Saver is S$5,235 and the total payout at the end of the policy term is S$55,235 (134% of total premiums paid); for Singlife Smart Saver Plus plans, the potential bonus is S$51,696, leading to a total payout of S$251,696 (181% of total premiums paid).
  
  
• For the illustration on “How Singlife Smart Saver Helps With Legacy Planning”, at illustrated investment rate of return of 3% per annum, in Scenario 1, the potential bonus would amount to S$33,759, which would result in a total payout of S$246,279; in Scenario 2, Kim’s potential bonus would amount to S$308,967, which would result in a total payout at of S$968,967. At the same rate of return, Joy’s potential bonus would amount to S$252,791, which would result in a total payout of S$792,791.

As bonus rates are not guaranteed, the actual benefits will vary according to the future performance of the participating fund. For more details, please refer to the Product Summary and Policy Illustration. The diagram above is not drawn to scale and the payout amounts have been rounded down to the nearest dollar.