Food for thought
 |
|
 |
Escalations in geopolitical tensions in the Middle East or the war in Ukraine could disrupt global supply chains and commodity markets3. The ministry warned that Singapore remains vulnerable to downside risks in the global economy3. With such uncertainties, have you considered the assurance of having your capital guaranteed? |
|
|
|
 |
Attitudes towards retirement are changing. More than just a life stage, 80% feel retirement is a time to learn and grow, while 71% feel it's a time for new experiences4. Do you have sufficient financial support to attain your desired retirement lifestyle?
|
Explore our capital guaranteed¹ insurance savings plans
Shorter Premium Term
I am looking for a savings plan with a 3-year premium term.
Longer Premium Term
I am looking for a savings plan with a 5 or 10-year premium term.
Speak with an Income advisor
Speak with your preferred Income advisor or leave your contact details so we can assign an advisor and schedule a personalised needs analysis with you.
Should I Save or Invest?
Good financial health starts with learning how to budget and putting aside money each month for the future. But it doesn’t end there.
Once you do find yourself holding on to a sum of cash, one big question to ask yourself is whether you should continue saving or try investing it instead.
How to Steer Your Career Like a Champ In Your 50s
Being in your 50s can be a challenging time for your career. As a mature employee, you may face competition from younger colleagues and may even be considered too costly for your company to retain due to your wealth of experience.
But fret not, because we have tips on how you can navigate your career through these potentially choppy waters and emerge a champ!
How to Budget Your Salary and Save Money to Reach Your Life Goals
Whether you’re embarking on a dream vacation, owning your first home, driving your ideal car, or starting a family, every Singaporean has a goal they may hold close to their heart. But turning these dreams into reality can be paved with challenges.
Let’s look at how Income Insurance’s Gro Cash Plus and Gro Cash Sure can support you in pursuit of your life goals.
Get in touch
Footnotes
ft1 At the end of the premium term, if the policyholder did not cash in this policy and all premiums for this policy have been paid for, the guaranteed cash value for this policy is equal to the total premiums paid, excluding premiums paid on riders. If the policyholder chooses to cash in this policy partially, the sum assured after the partial cash payout cannot be less than the minimum sum assured limit or any other amount Income Insurance may tell the policyholder about. Income Insurance will use the new sum assured and reduced regular premium amount, excluding premiums paid on riders, to work out the guaranteed cash value (if any) from the policy entry date.
ft2 The Average Annual Inflation Rate in Singapore (2024), SmartWealth
ft3 Singapore’s economic growth slows quarter on quarter but gradual pickup still likely, The Straits Times
ft4 Rethinking Retirement, Fullerton Fund Management
ft5 If the insured survives at the end of the premium term, and if all premiums for this policy have been paid for, Income Insurance will start paying the cash benefit at the end of the premium term. Income Insurance may pay a cash bonus on top of each cash benefit by applying a bonus rate to the sum assured. Income Insurance may or may not pay this cash bonus for each policy year. The percentage of the sum assured for the yearly cash benefit is dependent on the policy entry age of the original insured. If the sum assured of the policy is at least $80,000, you can choose to receive the yearly cash payouts in monthly payments. You cannot change the frequency you receive the cash benefit (yearly or monthly) after the first cash benefit is paid out. If Income Insurance pays a cash bonus on top of a cash benefit, Income Insurance will treat the cash bonus and its cash benefit as one cash benefit. Please refer to the policy conditions for further details.
ft6 The illustrated cash payout of up to 6.59% of the sum assured is based on an original insured with an entry age of 30 to 39. The cash payout consists of a yearly cash benefit of 1.85% of the sum assured and a non-guaranteed cash bonus of up to 4.74% of the sum assured (based on the assumption that the Life Participating Fund earns a long-term average return of 4.25% per annum). At an illustrated investment rate of return of 3.00% per annum, the non-guaranteed cash bonus is up to 2.37% of your sum assured.
ft7 Only you as the policyholder (before the age of 65 years old), your spouse (before the age of 65 years old), or your child/ward (before the age of 18 years old) can be the secondary insured at the time you exercise this option. You can exercise this option to appoint a secondary insured no more than three times. Terms apply for the benefit. Please refer to the policy conditions for further details.
ft8 If the insured survives at the end of the premium term, and if all premiums for this policy have been paid for, Income will start paying the cash benefit at the end of the premium term. Income may pay a cash bonus on top of each cash benefit, by applying a bonus rate to the sum assured, and may include any loyalty bonus payable from the end of 20th policy year after the end of premium term. Income Insurance may or may not pay this cash bonus for each policy year. Each yearly cash benefit is 2% of the sum assured and the non-guaranteed cash bonus without loyalty bonus is 7.3% of your sum assured and with loyalty bonus is 7.9% of your sum assured (based on the assumption that the Life Participating Fund earns a long-term average return of 4.25% per annum). At an illustrated investment rate of return of 3.00% per annum, the non-guaranteed cash bonus without loyalty bonus is 4% of your sum assured and with loyalty bonus is 4.35% of your sum assured.
If the sum assured of the policy is at least $80,000, the yearly cash payouts can be received in monthly payments. Please refer to the policy conditions for further details.
Exclusions
There are certain conditions whereby the benefits under this plan will not be payable. You can refer to your policy contract for the precise terms, conditions and exclusions of the plan. The policy contract will be issued when your application is accepted.
Important Notes
This is for general information only and does not constitute an offer, recommendation, solicitation or advice to buy or sell any product(s). You can find the usual terms, conditions and exclusions of Gro Cash Plus here and Gro Cash Sure here. All our products are developed to benefit our customers, but not all may be suitable for your specific needs. If you are unsure if this plan is suitable for you, we strongly encourage you to speak to a qualified insurance advisor. Otherwise, you may end up buying a plan that does not meet your expectations or needs. As a result, you may not be able to afford the premiums or get the insurance protection you want. Buying a life insurance plan is a long-term commitment on your part. If you cancel your plan prematurely, the cash value you receive may be zero or less than the premiums you have paid for the plan.
These policies 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 Income Insurance or visit the GIA/LIA or SDIC websites (gia.org.sg or lia.org.sg or sdic.org.sg).
This advertisement has not been reviewed by the Monetary Authority of Singapore.
Information is correct as at 24 June 2025.