Make your dream lifestyle a reality with Gro Cash Harvest
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Yearly cash payouts[1] of up to 4.4% of the sum assured after 5 policy years (till age 120)
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Maturity benefit of 120% of all net premiums paid[2]
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Appoint a secondary insured[3] to continue your policy in the event of the insured’s death
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Guaranteed acceptance regardless of health conditions
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Premiums waived upon total and permanent disability (TPD before age 70) for the remaining premium term of your policy[4]
Here’s a closer look at some of the benefits you get.
Guaranteed yearly cash benefits after the 5th policy year
Cash bonus on top of yearly cash benefit
Flexibility to accumulate or withdraw your cash payout
Appoint a secondary insured
Maturity benefit at age 120
Premiums waived upon total and permanent disability (TPD before the age of 70)
Need more protection? Enhance your coverage with a rider.
Cancer Premium Waiver (GIO)
You can also choose to add on the Cancer Premium Waiver (GIO) rider so that your future premiums are waived should you be diagnosed with a major cancer during the term of the rider[8].
Let us walk you through Gro Cash Harvest.
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How Gro Cash Harvest gives you yearly payouts for your golden moments.
40 years old
Ms Lee is planning for her retirement and signs up for Gro Cash Harvest with a sum assured of $75,000.
She pays a yearly premium of $6,000 for 15 years.
The figures are rounded to the nearest dollar, and are used for illustrative purposes only.
The non-guaranteed figures above are based on the assumption that the Life Participating Fund earns a long term average return of 4.75% per annum.
Should the long-term average return be 3.25% per annum, the illustrated yearly cash payout1 would be $2,2206. Should Ms Lee pass away at age 85 and no secondary life insured4 is appointed, the policy would have paid out $96,7205,6.
1If the insured survives at the end of five years from the policy entry date and premiums have been paid for at least 5 policy years, you will start to receive cash payouts after the 5th policy year. The cash payout consists of a guaranteed yearly cash benefit, which is 2.1% of your sum assured, and a non-guaranteed cash bonus, which is up to 2.3% of your sum assured (based on a 5 year premium term and the assumption that the Life Participating Fund earns a long term average return of 4.75% per annum). The non-guaranteed yearly cash bonus is dependent on the premium term and may vary according to the future performance of the Life Participating Fund. If the Life Participating Fund earns a long term average return of 3.25% per annum, the non-guaranteed cash bonus will be up to 0.85% of the sum assured. The policyholder will continue to receive the cash payouts in subsequent policy years until the anniversary immediately after the original insured’s 120th birthday if the insured is still alive and the policy has not ended.
2The figures in the illustration are not guaranteed and are illustrated based on the assumption that the Life Participating Fund earns a long-term average return of 4.75% per annum in the future. Returns are illustrated based on estimated bonus rates that are not guaranteed. The actual benefit payable will vary according to the future performance of the Life Participating Fund.
3If the policyholder becomes totally and permanently disabled (TPD before the age of 70) during the premium term, the TPD premium waiver benefit allows you to stop paying premiums on the policy for the remaining premium term subject to the terms of the policy contract. You cannot change the premium term or increase the sum assured after you claim this benefit.
4Only 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, and provided the following conditions are met:
a) No nomination of beneficiary has been made for this policy; and
b) There is no change to the ownership of this policy including assignment, bankruptcy, and trust.5The policy pays out 105% of all net premiums paid in the event of insured’s death during the term of the policy, we will also pay any cash benefits and cash bonuses which have built up (accumulated). We will also pay any cash benefit and cash bonuses due, if not paid out already. Net premiums means the regular premium amount as shown in the schedule, or the reduced regular premium if a part of the 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 premiums paid. Net premiums exclude the premiums paid on riders.
6The figures in the illustration are not guaranteed and are illustrated based on the assumption that the Life Participating Fund earns a long-term average return of 3.25% per annum in the future. Returns are illustrated based on estimated bonus rates that are not guaranteed. The actual benefit payable will vary according to the future performance of the Life Participating Fund. If cash benefits and cash bonuses are accumulated with Income, the interest rate will be based on 1.75% per annum and it is not guaranteed. Prevailing interest rate at the point of deposit will be determined by Income.
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How Gro Cash Harvest provides for your family and prepares you for a comfortable retirement
Mr Lee: 35 years old
Mr Lee welcomes his new baby, Gary and wants to grow his wealth to fund the education milestones of his son and at the same time, be ready for his own retirement.
He signs up for Gro Cash Harvest with a sum assured of $142,857 and pays a yearly premium of $10,000 for 20 years.
Mr Lee: 51 years old
When his son, Gary turned 16 years old, Mr Lee appoints him as the secondary insured2.
Mr Lee: 55 years old
When it is time for Gary to attend university at the age of 20, Mr Lee withdraws the illustrated accumulated cash payout of $120,4153 to fund his school fees and a family trip before the school term starts.
Mr Lee then chooses to receive the illustrated yearly cash payout1 of $5,8573 to support his retirement years.
Mr Lee: 80 years old
At age 80, Mr Lee passes away and the Gro Cash Harvest policy continues with Gary who is now 45 years old, as the insured of the policy.
The figures are rounded to the nearest dollar, and are used for illustrative purposes only.
However, should Gary pass away at age 80, the policy would have paid out $215,8573,5 and the policy terminates thereafter. The policy would have provided an illustrated total benefit of $681,8353, which is 3.4 times of the premiums paid.
The non-guaranteed figures above are based on the assumption that the Life Participating Fund earns a long term average return of 4.75% per annum.
Should the long-term average return be 3.25% per annum, the illustrated accumulated cash payout is $76,7836 when Gary is age 20. Should Gary pass away at age 80, the policy would have paid out $214,2005,6 and the policy would have provided an illustrated total benefit of $538,7836. If Gary survives to the end of the policy term, the illustrated total benefit would be $589,7836.
1 If the insured survives at the end of five years from the policy entry date and premiums have been paid for at least 5 policy years, you will start to receive cash payouts after the 5th policy year. The cash payout consists of a guaranteed yearly cash benefit, which is 2.1% of your sum assured, and a non-guaranteed cash bonus, which is up to 2.3% of your sum assured (based on a 5 year premium term and the assumption that the Life Participating Fund earns a long term average return of 4.75% per annum). The non-guaranteed yearly cash bonus is dependent on the premium term and may vary according to the future performance of the Life Participating Fund. If the Life Participating Fund earns a long term average return of 3.25% per annum, the non-guaranteed cash bonus will be up to 0.85% of the sum assured. The policyholder will continue to receive the cash payouts in subsequent policy years until the anniversary immediately after the original insured’s 120th birthday if the insured is still alive and the policy has not ended.
2 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, and provided the following conditions are met:
• 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.3 The figures in the illustration are not guaranteed and are illustrated based on the assumption that the Life Participating Fund earns a long-term average return of 4.75% per annum in the future. Returns are illustrated based on estimated bonus rates that are not guaranteed. The actual benefit payable will vary according to the future performance of the Life Participating Fund.
4 If the insured survives at the end of the policy term, which is the anniversary immediately after the original insured’s 120th birthday, and the policy has not already ended, the policy will pay 120% of all net premiums paid ("maturity benefit") with the final yearly cash payout. We will also pay any cash benefits and cash bonuses which have built up (accumulated). The policy will end when we make this payment. We will not pay any further benefits.
5The policy pays out 105% of all net premiums paid in the event of insured’s death during the term of the policy, we will also pay any cash benefits and cash bonuses which have built up (accumulated). We will also pay any cash benefit and cash bonuses due, if not paid out already. Net premiums means the regular premium amount as shown in the schedule, or the reduced regular premium if a part of the 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 premiums paid. Net premiums exclude the premiums paid on riders.
6The figures in the illustration are not guaranteed and are illustrated based on the assumption that the Life Participating Fund earns a long-term average return of 3.25% per annum in the future. Returns are illustrated based on estimated bonus rates that are not guaranteed. The actual benefit payable will vary according to the future performance of the Life Participating Fund. If cash benefits and cash bonuses are accumulated with Income, the interest rate will be based on 1.75% per annum and it is not guaranteed. Prevailing interest rate at the point of deposit will be determined by Income.

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For premium term of 5 years | 0 to 65 years old |
For premium term of 10, 15 or 20 years | 0 to 60 years old |
You can only make your payment over 5, 10, 15 or 20 years.
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Footnotes
- If the insured survives at the end of five years from the policy entry date and premiums have been paid for at least 5 policy years, you will start to receive cash payouts after the expiry of the 5th policy year. The cash payout consists of a guaranteed yearly cash benefit, which is 2.1% of your sum assured, and a non-guaranteed cash bonus, which is up to 2.3% of your sum assured (based on a 5 year premium term and the assumption that the Life Participating Fund earns a long term average return of 4.75% per annum). The non-guaranteed yearly cash bonus may vary according to the future performance of the Life Participating Fund. If the Life Participating Fund earns a long term average return of 3.25% per annum, the non-guaranteed cash bonus will be up to 0.85% of the sum assured. The policyholder will continue to receive the cash payouts in subsequent policy years until the anniversary immediately after the original insured’s 120th birthday if the insured is still alive and the policy has not ended.
- If the insured survives at the end of the policy term, which is the anniversary immediately after the original insured’s 120th birthday, and the policy has not already ended, the policy will pay 120% of all net premiums paid (“maturity benefit”) with the final yearly cash payout. We will also pay any cash benefits and cash bonuses which have built up (accumulated). The policy will end when we make this payment. We will not pay any further benefits.
- 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, and provided the following conditions are met:
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. - If the policyholder becomes totally and permanently disabled (TPD before the age of 70) during the premium term, the TPD premium waiver benefit allows you to stop paying premiums on the policy for the remaining premium term subject to the terms of the policy contract. You cannot change the premium term or increase the sum assured after you claim this benefit.
- The original insured means the insured that was appointed when the policy was issued.
- The interest rate of 3.25% per annum is not guaranteed. Prevailing interest rate at the point of deposit will be determined by Income.
- The original insured has the option to buy another life policy with only death and TPD benefits on their own life without reassessment of health within 3 months from the date of the life event as defined under the policy contract if the original insured has met the full conditions for the application of the new life policy. The life event must have taken place no earlier than 12 months after the cover start date of the Gro Cash Harvest policy. The original insured can take up this option no more than two times, on two different life events. The original insured must not be totally and permanently disabled, or be diagnosed with an advanced-stage dread disease or above 50 years old at the time of taking up this option. We will limit the sum assured for the new life policy to 50% of the sum assured for the Gro Cash Harvest policy, or $100,000, whichever is lower. Please refer to the policy contract for further details on the life events and the full conditions for the application of the new life policy. Cover start date means the date we issue the policy, issue an endorsement to include or increase a benefit, or reinstate the policy, whichever is latest.
- This is applicable only after one year from the cover start date. Cover start date refers to the date we issue the rider or the date we issue an endorsement to include or increase a benefit; or the date we reinstate the rider (whichever is the latest). However, if the insured is diagnosed with any one of the major cancer within one year from the cover start date, we will end this rider and refund 100% of the premiums paid on this rider. You will then have to continue paying premiums for your Gro Cash Harvest policy. The insured must survive at least 30 days after the insured is diagnosed with a covered major cancer before we pay the major cancer benefit. We will not pay this benefit if the insured suffered symptoms of, had investigations for, or was diagnosed with, or received treatment for any cancer, including carcinoma-in-situ, before the cover start date. You can find the usual terms and conditions of this rider, full list of our specified major cancer and their definitions in your policy contract.
- The policy pays out 105% of all net premiums paid in the event of insured’s death during the term of the policy, we will also pay any cash benefits and cash bonuses which have built up (accumulated). We will also pay any cash benefit and cash bonuses due, if not paid out already. Net premiums means the regular premium amount as shown in the schedule, or the reduced regular premium if a part of the 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 premiums paid. Net premiums exclude the premiums paid on riders.
- The figures in the illustration are not guaranteed and are illustrated based on the assumption that the Life Participating Fund earns a long-term average return of 4.75% per annum in the future. Returns are illustrated based on estimated bonus rates that are not guaranteed. The actual benefit payable will vary according to the future performance of the Life Participating Fund.
- The figures in the illustration are not guaranteed and are illustrated based on the assumption that the Life Participating Fund earns a long-term average return of 3.25% per annum in the future. Returns are illustrated based on estimated bonus rates that are not guaranteed. The actual benefit payable will vary according to the future performance of the Life Participating Fund. If cash benefits and cash bonuses are accumulated with Income, the interest rate will be based on 1.75% per annum and it is not guaranteed. Prevailing interest rate at the point of deposit will be determined by Income.
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. You can find the usual terms and conditions of this plan in the policy conditions. 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.
Protected up to specified limits by SDIC.
This advertisement has not been reviewed by the Monetary Authority of Singapore.
Information is correct as of 18 February 2021.
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