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Achieve your financial goals with Gro Saver Flex Pro.
Capital guaranteed[1] upon maturity for single premium and regular premium policies paid yearly.
Flexibility to choose your premium term and policy term.
Appoint your loved one as a secondary insured[2] so your policy can continue in the event of death of the insured.
Stay protected[3] against death and terminal illness.
Guaranteed acceptance regardless of your health condition.
Need more protection?
Enhance your coverage with a rider
You can also choose to add on the Savings Protector Pro rider if you have opted for a regular premium term. Premiums waived[4,5] upon total and permanent disability (before the anniversary immediately after you reach the age of 70) for the remaining premium term of your policy and receive a lump sum benefit equivalent to two years annual premium[5]. You will not need to pay premiums for your policy for 6 months if you are retrenched[4,6] and unable to find employment for 3 months in a row. If you remain retrenched at the end of the 5th month when your premiums are waived for your policy, you can choose to defer[7] the payment of premiums for your policy for the next 6 months.
You can also choose to add on the Cancer Premium Waiver (GIO) rider if you have opted for a regular premium term 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 Saver Flex Pro.
Mr Lim: 55 years old
Mr Lim is planning to accumulate his wealth for his 12-year-old daughter, Sophia.
He signs up for Gro Saver Flex Pro with a sum assured1 of $30,000 and a policy term till age 120. He chooses to pay a single premium of $30,000.
Mr Lim: 60 years old
Mr Lim appoints Sophia as the secondary insured2.
Mr Lim: 70 years old
Sophia: 27 years old
After 15 policy years, the illustrated total cash value is $46,0563, 1.54 times of the premium Mr Lim paid.
Mr Lim: 80 years old
Sophia: 37 years old
At age 80, Mr Lim passes away. Gro Saver Flex Pro continues with Sophia as the insured of the policy.
Important notes
The above figures are for illustrative purposes only and are rounded to the nearest dollar.
However, should Sophia pass away at age 70, the policy will pay out the illustrated death benefit of $289,9193,5, 9.66 times of premiums paid, and the policy terminates thereafter.
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 total cash value when Sophia is age 27 would be $40,2516. If Sophia survives to the end of the policy term at age 77, the illustrated total maturity value would be $153,8944,6. Should Sophia pass away at age 70, the illustrated death benefit would be $130,8475,6.
1The sum assured in this plan is a notional value used to determine the non-guaranteed bonuses. It does not represent the amount payable upon death or diagnosis of terminal illness.
2Only yourself (policyholder 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) can be the secondary insured at the time of exercising this option. You can exercise this option to appoint a secondary insured no more than three times, and 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.
3The 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.
4If the insured survives at the end of the policy term and the policy has not already ended, the policy will pay the cash value. The policy terminates thereafter.
5Gro Saver Flex Pro pays 105% of all net premium(s) paid or 101% of the cash value, whichever is higher in the event of the insured’s death or terminal illness. Net premium(s) means the regular or single premium amount as shown in the policy schedule, or the reduced regular or single premium amount if a part of this 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 premium(s) paid. Net premium(s) do not include 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 3.00% 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.
© 2025 Income Insurance. All rights reserved.
Mr Tan: 40 years old
Mr Tan is looking to grow his money to fund his children’s university fees.
He signs up for Gro Saver Flex Pro with a sum assured1 of $50,000 and a policy term of 15 years. He chooses to pay a yearly premium of $10,173 for five years.
Important notes
The above figures are for illustrative purposes only and are rounded to the nearest dollar.
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 total maturity value when Mr Tan is age 55 would be $66,3322,4.
1The sum assured in this plan is a notional value used to determine the non-guaranteed bonuses. It does not represent the amount payable upon death or diagnosis of terminal illness.
2If the insured survives at the end of the policy term and the policy has not already ended, the policy will pay the cash value. The policy terminates thereafter.
3The 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.
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 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.
© 2025 Income Insurance. All rights reserved.
Your policy toolkit
Eligibility and payment frequency
| For single premium | 0 to 75 years old |
| For premium term of 5, 10, 15 or 20 years | 0 to 75 years old |
- You can only make your payment in a single premium, or over 5, 10, 15 or 20 years.
Your queries answered.
Gro Saver Flex Pro is a participating endowment[1] plan. It provides protection against death and terminal illness of the insured during the policy term.
We will also pay a maturity benefit at the end of the policy term.
1An endowment plan combines insurance protection with a savings element. A participating policy is entitled to share in the profits of the participating fund. These profits are distributed via bonus declarations and are payable upon maturity, surrender or when there is a claim.
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:
- 105% of all net premium(s) paid; or
- 101% of the surrender value;
whichever is higher.
This policy will end when we make this payment.
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:
- 105% of all net premium(s) paid; or
- 101% of the cash value;
whichever is higher.
This policy will end when we make this payment.
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; or
- unlawful acts, provoked assault, or deliberate exposure to danger; or
- the effects of alcohol, drugs or any dependence.
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 spouse
- Purchase of a residential property
The following conditions are to be met to exercise the option to buy another life policy:
- The sum assured for the new policy will be limited to 50% of the sum assured for this policy, or S$100,000, whichever is lower.
- 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 and 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 can take up this option no more than two times. Each time the original insured takes up this option, it must be on a different life event.
- Any special terms that are added to this policy (such as extra exclusions or an increased premium) will also be added to the new policy which the insured takes up.
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.
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 Saver Flex Pro:
| List of available rider(s) |
| Cancer Premium Waiver (GIO) |
| Savings Protector Pro* |
* Not applicable if the premium term for Gro Saver Flex Pro is single premium.
Yes, for regular premium policy, you can only cash in this policy after you have been paying premiums for at least two years.
For single premium policy, you can only cash in this policy after you have paid the net premium(s).
If the insured survives at the end of the policy term and this policy has not already ended, we will pay the cash value.
This policy will end when we make this payment.
Yes, this policy is eligible for bonuses after the end of the second policy year. There are two types of bonuses:
- “Annual” or “reversionary” bonus is added to the policy each year.
- “Terminal” bonus is an extra bonus that we pay at the time of claim, surrender or maturity.
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.
For single premium term:
| Minimum | Maximum | |
| Insured | 0 | 75 |
| Policyholder | 16* | N.A. |
For premium terms 5, 10, 15, 20, 25 or 30 years:
| Minimum | Maximum | |
| Insured | 0 | 75 less premium term |
| Policyholder | 16* | N.A. |
*Parents cannot be the policyholder on their child who are 18 years old (age last birthday) and above at the point of application.
For single premium:
The minimum single premium is S$10,000 and the maximum single premium is S$7,000,000.
For regular premium:
| Policy Term | Minimum | Maximum |
| 10, 15, 20, 25 or 30 years | S$25,000 | S$2,000,000 |
| till age 120 | S$25,000 | S$3,500,000 |
You have a choice to select a policy term of 10, 15, 20, 25, 30 years or till age 120 depending on selected premium payment term.
| Premium Term (Years) | Policy Term (Years) |
| Single Premium / 5 | 10, 15, 20, 25, 30 years or till age 120 |
| 10 | 15, 20, 25, 30 years or till age 120 |
| 15 | 20, 25, 30 years or till age 120 |
| 20 | 25, 30 years or till age 120 |
| 25 | 30 years or till age 120 |
| 30 | till age 120 |
For single premium, this plan can be bought using cash or SRS.
For regular premium, this plan can only be bought using cash.
Backdating is only allowed for policy term till age 120 and 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; and
- 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.
- Backdating of policy to a date before the launch date of the main plan or rider is not allowed.
You can pay either via a single or regular premium.
For regular premium, the premiums can be paid monthly, quarterly, half-yearly or yearly.
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] Capital guarantee on Gro Saver Flex Pro excludes any optional rider(s), on the condition all premiums are paid, and that the policy is held until maturity date with no policy alterations or claims made during the entire policy term.
[2] Only yourself (policyholder 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) can be the secondary insured at the time of exercising 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. The premium of this policy is paid only with cash;
b. No nomination of beneficiary has been made for this policy; and
c. There is no change to the ownership of this policy including assignment, bankruptcy and trust.
[3] Gro Saver Flex Pro pays 105% of all net premium(s) paid or 101% of the cash value, whichever is higher in the event of the insured’s death or terminal illness. Net premium(s) means the regular or single premium amount as shown in the policy schedule, or the reduced regular or single premium amount if a part of this 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 premium(s) paid. Net premium(s) do not include the premiums paid on riders.
[4] Savings Protector Pro is a non-participating rider for regular premium policies only. This rider includes the TPD Benefit and Retrenchment Benefit. Please refer to the policy contract for further details.
[5] If the policyholder becomes totally and permanently disabled (TPD before the anniversary immediately after the policyholder reaches the age of 70) during the premium term, the TPD Benefit allows you to stop paying premiums on the basic policy for the remaining premium term subject to the terms of the policy contract. If the premium for the basic policy and Savings Protector Pro rider has already been fully paid, only the lump sum benefit will be paid. The lump sum benefit is equivalent to 2 years of the annual premium for the basic policy and Savings Protector Pro rider. You cannot change the premium term or increase the sum assured after you claim this benefit.
[6] If you are retrenched, you will not have to pay the premiums for the basic policy and Savings Protector Pro rider for six months from the next premium due date onwards. For this to apply, you must meet all the following conditions.
a. You must have paid at least six months’ premiums.
b. Your retrenchment must have taken place no earlier than six months after the cover start date.
c. You have not been able to find employment for three months in a row after being retrenched.
[7] At the end of the 5th month when you have stop paying premiums, you can choose to defer the premiums for your basic policy, Savings Protector Pro rider and any optional riders for the next 6 months (“deferment period”). For this benefit to apply, you must remain retrenched and is unable to pay premiums, the basic policy does not have any or sufficient cash value to activate the automatic premium loan and you must inform us at least one month before the start of the deferment period. During the deferment period, the basic policy, Savings Protector Pro rider and any optional rider will still remain in-force, anniversary remains unchanged, any cash benefit payable will be paid after deducting the deferred premiums due and bonus will continue to be declared. At the end of the deferment period, you will need to pay the deferred 6 months premium in a single payment. This benefit can only be claimed once under this Savings Protector Pro rider.
[8] 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 Saver Flex Pro 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.
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.
This is for general information only. 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 web-sites (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.
Information is correct as at 23 January 2026
Learn more about investing and saving for the future.
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