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Make your savings plus-sized with Gro Cash Plus
Inflation and escalations in geopolitical tensions make the financial future uncertain and complicate planning for a secure future. With Gro Cash Plus, you can secure your financial future, knowing that you can unlock a lifetime of cash payouts2 starting from the end of the 3rd policy year till age 120 while enjoying the assurance that your capital is guaranteed1.
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Get up to 3% cashback on your first-year premium with a Gro Cash Plus plan!
Find Out MoreGrow your savings with confidence through Gro Cash Plus
Receive a lifetime of cash payouts up to 6.59% of the sum assured[2,3] from the end of the 3rd policy year till age 120.
Capital guaranteed[1] from the end of the 3rd policy year.
Appoint your loved one as a secondary insured[4] so your policy can continue in the event of the death of the insured.
Protection[5] in the case of death or terminal illness.
Guaranteed option to buy another life policy for additional coverage on the life of the original insured[6] at a specified life event[7].
Guaranteed acceptance regardless of health conditions.
Need more protection?
Enhance your coverage with a rider
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].
Max the stress ball has been out of a job ever since his owner, David, started enjoying capital guarantee^ with Gro Cash Plus and Gro Cash Sure. Watch as Max becomes a stressed-out ball, taking his own stress on the office. ^Policy Ts&Cs apply.
Let us walk you through Gro Cash Plus.
Mr Lim: 45 years old
Mr Lim, age 45, wants to plan for his retirement and leave a legacy for his son.
He signs up for Gro Cash Plus and pays a yearly premium of$30,000 for a premium term of 3 years. He appoints his son, James (age 10), as the secondary insured1.
Mr Lim: 48 years old
- Total premiums paid for 3 years (Capital guaranteed2 amount):$90,000
After the end of the 3rd policy year, the policy’s capital is guaranteed2 and begins to pay an illustrated yearly cash payout of $9203,4. Mr Lim chooses to accumulate his yearly cash payouts with Income Insurance.
Mr Lim: 64 years old
At age 64, Mr Lim withdraws the illustrated accumulated cash payout of $66,0584 to fund a luxury around-the-world cruise trip.
Mr Lim: 80 years old
James: 45 years old
When James is age 45, Mr Lim passes away at age 80. The policy continues with James as the insured, and the yearly cash payouts will continue to be paid.
Important notes
However, should James pass away at age 70, the policy will pay out $96,4444,6, and the policy terminates thereafter. The policy would have provided an illustrated total payout of $295,8344, which is 3.28 times the premiums paid.
Diagram is not drawn to scale. 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 4.25% per annum.
Should the long-term average return be 3.00% per annum, the illustrated yearly cash payout for Mr Lim at ages 48, 49, and 50 to 120 would be $9203,7, $1,7753,7 and $2,0893,7, respectively. The illustrated withdrawal amount for Mr Lim’s luxury around-the-world cruise trip at age 64 would be $38,2357, and the illustrated yearly cash payout for Mr Lim at age 65 would be $2,0893,7. Should James pass away at age 70, the policy would have paid out $95,4756,7, providing an illustrated total payout of $219,3597. If James survives to the end of the policy term, the maturity benefit5 would be $91,4077, and the policy would have paid out an illustrated total payout of $246,6267.
1Only 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.
2At 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.
3If 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.
The percentage of the sum assured does not reflect the policy’s illustrated yield upon surrender. The sum assured in this plan is a notional value used to determine the cash benefit and non-guaranteed bonuses. It does not represent the amount payable upon death or diagnosis of terminal illness.
4The 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 4.25% 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 us, the interest rate will be based on 3.00% per annum, and it is not guaranteed.
5If the insured survives at the end of the policy term and the policy has not already ended, the policy will pay the cash value. Income Insurance will also pay any cash benefits and cash bonuses that have built up.
6If the insured becomes terminally ill or dies during the term of this policy, Income Insurance will pay the sum of:
- The higher of:
- 105% of all net premium(s) paid, excluding premiums paid on riders; or
- the guaranteed portion of the cash value,
- a terminal bonus.
Income Insurance will pay the cash value if it is higher than the sum calculated above and any cash benefits and cash bonuses that have built up, including any interest earned until then. The policy terminates thereafter.
If you have appointed a secondary insured before the insured dies, we will not pay this benefit. Upon the death of the insured, the secondary insured becomes the insured, and this policy will continue.
7The 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 3.00% 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 us, the interest rate will be based on 1.50% per annum, and it is not guaranteed.
© 2025 Income Insurance. All rights reserved.
Your policy toolkit
Eligibility and payment frequency
Entry Age (Age Last Birthday)
| Minimum | Maximum | |
|---|---|---|
| Insured | 0 | 78 - Premium Term |
| Policyholder | 16 | N.A. |
Premium Term: 3 years
You can make your payments monthly, quarterly, half-yearly, or yearly.
Policy conditions
Your queries answered.
Gro Cash Plus is a regular premium whole-life plan with a policy term that lasts until the anniversary immediately after the original insured’s 120th birthday. The premium term available is 3 years.
We will start paying a cash benefit at the end of the premium term. A cash bonus may be payable on top of each cash benefit, by applying a bonus rate to the sum assured. We may or may not pay this cash bonus for each policy year. We will also pay a maturity benefit at the end of the policy term.
This plan provides protection against death and terminal illness of the insured during the policy term.
Yes, there is guaranteed acceptance for this plan regardless of the insured’s health condition. However, financial underwriting is applicable.
If the insured dies during the term of this policy, we will pay the sum of:
1. the higher of:
• 105% of all net premium(s) paid; or
• the guaranteed portion of the cash value, and
2. a terminal bonus.
We will pay the cash value if it is higher than the sum calculated above.
We will also pay any cash benefits and cash bonuses which have built up, including any interest earned, until then.
We will take any policy loan and interest from the benefit amount we will pay.
If you choose to receive the cash benefit in monthly payments, we will also pay the remaining monthly cash benefit payments and cash bonuses for the policy year that we have not paid you.
This policy will end when we make this payment. We will not pay any further benefits.
If you have appointed a secondary insured before the insured dies, we will not pay this benefit. Upon the death of the insured, the secondary insured becomes the insured and this policy will continue.
This policy is not valid if the insured commits suicide within one year from the cover start date.
We will refund the total premiums paid, without interest, less any amounts we have paid the policyholder, and any amount the policyholder owes us, from the cover start date.
If the insured becomes terminally ill during the term of this policy, we will pay the sum of:
1. the higher of:
• 105% of all net premium(s) paid; or
• the guaranteed portion of the cash value, and
2. a terminal bonus.
We will pay the cash value if it is higher than the sum calculated above.
We will also pay any cash benefits and cash bonuses which have built up, including any interest earned, until then.
We will take any policy loan and interest from the benefit amount we will pay.
If you choose to receive the cash benefit in monthly payments, we will also pay the remaining monthly cash benefit payments and cash bonuses for the policy year that we have not paid you.
This policy will end when we make this payment. We will not pay any further benefits.
If you have appointed a secondary insured before the insured dies, we will not pay this benefit. Upon the death of the insured, the secondary insured becomes the insured and this policy will continue.
Terminal illness, and terminally ill, means “any condition caused by illness or injury, where at the time of claim, despite all reasonable medical treatment, the insured is expected to live for no more than 12 months.”
The specialist medical practitioner treating the condition must provide supporting evidence of the condition, possible medical treatment, the prognosis after undergoing the possible medical treatment, and certify that the insured is expected to live for no more than 12 months despite all possible medical intervention. We reserve the right to appoint an independent medical specialist who is an expert in the condition to confirm the diagnosis and prognosis.
Terminal Illness in the presence of HIV infection is excluded.
We will not pay this benefit if your claim arises from:
- deliberate acts such as self-inflicted injuries, illnesses or attempted suicide;
- unlawful acts, provoked assault, or deliberate exposure to danger; or
- the effects of alcohol, drugs or any dependence.
If the insured survives at the end of the premium term, and if all premiums for this policy have been paid for, we will start paying the cash benefit at the end of the premium term.
Each yearly cash benefit is dependent on the policy entry age of the original insured based on the percentage of the sum assured shown in the table below. We pay the yearly cash benefit every year as long as the insured is still alive and this policy has not ended.
| Entry Age (Original Insured) | Percentage of the sum assured |
| 0 - 9 | 1.78% |
| 10 - 19 | 1.80% |
| 20 - 29 | 1.80% |
| 30 - 39 | 1.85% |
| 40 - 49 | 1.85% |
| 50 - 59 | 1.85% |
| 60 - 69 | 1.38% |
| 70 - 72 | 0.98% |
| 73 - 75 | 0.40% |
If the sum assured of the policy is at least S$80,000, you can choose to receive the yearly cash benefit in monthly payments. We will work out the amount of each monthly cash benefit payment.
If the insured survives at the end of the policy term and the policy has not already ended, we will pay the final yearly cash benefit (as shown in the table above) and the cash bonus as a lump-sum with the maturity benefit. This policy will end when we make this payment.
You cannot change the frequency you receive the cash benefit (yearly or monthly) after the first cash benefit is paid out.
If we pay a cash bonus on top of a cash benefit, we will treat the cash bonus and its cash benefit as one cash benefit.
You can choose to use the cash benefit in any one of the following ways.
- Place it in a deposit account to earn interest at a rate we will set.
- Receive it as a payout.
We will write to you before the first cash benefit to remind you what you chose. If we do not receive your instruction from you at least 21 days before the first cash benefit is due, we will go ahead with your original wishes.
We will follow this same choice for the later cash benefits, unless you tell us your choice at least 21 days before the next cash benefit is due.
You can change the cash benefit option via My Income customer portal.
You can withdraw the deposited cash benefits via My Income customer portal under your respective policy.
If the original insured experiences any of the following life events, the original insured may choose to take up a new policy (with only death and total and permanent disability benefits) on their own life, without evidence of good health:
- Turning 21
- Marriage
- Divorce
- Becoming a parent
- Death of a spouse
- Purchase of a residential property
The following conditions are to be met to exercise the option to buy another life policy:
- The original insured must take up this option within three months after the date of the life event.
- The original insured must not be totally and permanently disabled, or be diagnosed with an advanced-stage dread disease at the time of taking up this option.
- The original insured must be 50 years old or under at the time of taking up this option.
- The life event must have taken place no earlier than 12 months after the cover start date of this policy.
- At our request, the original insured must provide satisfactory documentary proof of a life event.
The original insured has the option to buy another new life policy which covers only death and total and permanent disability. The list of plans available under the guaranteed insurability option are:
- Star Term Protect
- Mortgage Term
- Star Secure Pro
- DIRECT Star Protect Pro
You may appoint or remove a secondary insured before the death of the insured provided the following conditions are met:
- the premium of this policy is paid only with cash;
- 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.
In the event of death of the insured, the secondary insured will become the insured of the policy and the policy continues until the death of the insured or end of the policy term, whichever happens first.
Any premium payments shall continue to be payable.
The policy can only have one insured at any point of time.
The secondary insured must be you (before the age of 65 years old), your spouse (before the age of 65 years old), or your child or ward (before the age of 18 years old) at the time of exercising this option.
You can exercise this option to appoint a secondary insured no more than three times.
Yes, cash value is available after premiums have been paid for at least 2 years.
At the end of the premium term, if you 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 total premiums paid excluding premiums paid on riders.
Yes, this policy is eligible for bonuses after the end of the second policy year. There are two types of bonuses:
• “Terminal” bonus is an extra bonus that we pay at the time of claim, surrender or maturity.
• “Cash” bonus is added on top of each cash benefit, by applying a bonus rate to the sum assured.
These bonuses are not guaranteed. They are recommended by our Appointed Actuary and approved by our Board of Directors.
Bonus pay-outs to policyholders are primarily influenced by the performance of the Life Participating Fund (Par Fund). The Fund’s performance is predominantly driven by factors such as the investment returns of the Par Fund, its expenses and claims experience. Aligned to industry practice, Income is safeguarding policyholders’ interest by allocating 90% of Par Fund surpluses to them. This means for every $9 distributed to policyholders, only a maximum of $1 is allocated to shareholders.
If the insured survives at the end of the policy term and this policy has not already ended, we will pay the cash value.
We will also pay any cash benefits and cash bonuses which have built up.
This policy will end when we make this payment.
Riders, also known as supplementary benefits, can be attached to a basic insurance policy to provide additional protection at lower cost.
The following rider(s) can be added to Gro Cash Plus:
| List of available rider(s) |
| Cancer Premium Waiver (GIO) |
| Minimum | Maximum | |
| Insured | 0 | 78 - premium term |
| Policyholder | 16 | N.A. |
The minimum and maximum sum assured are S$25,000 and S$3,500,000 respectively.
| Premium Term (Years) | Policy Term (Years) |
| 3 | Till age 120 |
The premiums can be paid monthly, quarterly, half-yearly or yearly.
No, you can only use cash to buy this policy.
Backdating is allowed if all of the following conditions are met:
• The backdating is for a traditional individual (savings or protection) life policy paying regular premium or single premium. Backdating for investment-linked policy and annuity policy is not allowed;
• The backdating results in a lower premium or better protection value / policy payouts due to a lower entry age;
• The policy is backdated to a date up to one day before the Insured’s last birthday and it must be within 6 months from date of receipt of application by Income; and
• Backdating of policy to a date before the launch date of the main plan or rider is not allowed.
Yes, we may grant the loan from this policy depending on our terms and conditions.
We will take all loans and their interest from any amount we may be due to pay under this policy. If at any time the amount of the loans and interest is more than the cash value, this policy will end.
Understand the details
[1] 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 total premiums paid, excluding premiums paid on riders. If the policyholder choose 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.
[2] 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.
[3] 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.
The above-mentioned percentages of the sum assured do not reflect the policy’s illustrated yield upon surrender. The sum assured in this plan is a notional value used to determine the cash benefit and non-guaranteed bonuses. It does not represent the amount payable upon death or diagnosis of terminal illness.
[4] 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.
[5] If the insured becomes terminally ill or dies during the term of this policy, Income Insurance will pay the sum of:
a. The higher of:
- 105% of all net premium(s) paid, excluding premiums paid on riders; or
- the guaranteed portion of the cash value,
and
b. a terminal bonus.
Income Insurance will pay the cash value if it is higher than the sum calculated above and any cash benefits and cash bonuses that have built up, including any interest earned until then. The policy terminates thereafter.
If you have appointed a secondary insured before the insured dies, we will not pay this benefit. Upon the death of the insured, the secondary insured becomes the insured, and this policy will continue.
[6] Original insured means the insured that was appointed when Income Insurance issued the policy.^
[7] If the original insured experiences a life event after 12 months from the cover start date, they may choose to take up a new policy with only death and total and permanent disability (TPD) benefits on their own life, without Income Insurance having to assess their health. Income Insurance will limit the sum assured for the new policy to 50% of the sum assured for this policy, or S$100,000, whichever is lower. Please refer to the policy conditions for further details on life events and the full conditions for the application of the new life policy.
[8] This is applicable only after one year from the cover start date. Cover start date refers to the date Income Insurance issues the rider or the date Income Insurance issues an endorsement to include or increase a benefit, or the date Income Insurance reinstates the rider (whichever is the latest). However, if the insured is diagnosed with any one of the major cancers within one year from the cover start date, Income Insurance 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 Plus policy. The insured must survive at least 30 days after the insured is diagnosed with a covered major cancer before Income Insurance pays the major cancer benefit. Income Insurance 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, a full list of our specified major cancers and their definitions in your policy conditions.
There are certain conditions whereby the benefits under this plan will not be payable. You can refer to your policy conditions for the precise terms, conditions and exclusions of the plan. The policy conditions will be issued when your application is accepted.
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 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.
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 Income Insurance or visit the GIA/LIA or SDIC websites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).
This advertisement has not been reviewed by the Monetary Authority of Singapore.
Protected by copyright and owned by Income Insurance Limited.
Information is correct as at 23 January 2026
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