Depending on the payout frequency chosen, cash benefits will be payable either every policy anniversary starting from the 4th policy year (for the annual payout option), or every policy monthiversary starting from the 37th policy month (for the monthly payout option), up to the original person insured’s 120th birthday.
The annual cash benefit is made up of a guaranteed and non-guaranteed component:
|Premium payment term||Single premium||5 years||10 years|
|Single / Annual premium (S$)||100,000 and above||50,000 – 99,999||20,000 and above||7,000 – 19,999||10,000 and above||3,000 – 9,999|
|Guaranteed cash benefit (% of Sum Insured)||1.40%||1.27%||1.20%||1.07%||1.10%||1.02%|
|Non-guaranteed cash benefit 1 (% of Sum Insured)||2.22%||2.21%||2.21%||2.11%||1.91%||1.72%|
1 Based on an investment rate of return of 4.25% p.a.
At an investment rate of return of 3.00% p.a., the non-guaranteed cash benefit rates are expected to be adjusted downwards, depending on the performance of the Participating Fund. Please refer to the policy illustration for benefits illustrated at an investment rate of return of 3.00% p.a.
Note: If you have chosen the monthly payout option, your monthly cash benefit will be equal to the annual cash benefit amount, divided by 12.