Secure your finances for your golden years with RevoRetire.
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You can choose to save for 10 or 15 years or up to age 50, 55, 60 or 65, depending on your lifestyle and financial ability.
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Choose if you want to receive your monthly cash payouts over a period[1] of 10, 20 or 30 years after the accumulation period.
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You can spend the payouts as you wish or accumulate them with Income at an interest rate of up to 3.25% p.a.[2]
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Guaranteed acceptance[3] regardless of your health condition.
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Get back at least all of the premiums you have paid[4] for the basic plan at the end of your accumulation period.
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Enjoy bonuses[5] based on the performance of the Life Participating Fund.
Protection against death & disability as you save.
Death benefit
During the accumulation period | Receive 105% of all net premiums[6] paid, and 100% of the terminal bonus[5]. |
During the payout period | Receive 105% of all net premiums[6] paid, and 100% of terminal bonus[5], less all monthly cash benefits and cash bonuses paid out, except any cash benefit paid out under the Disability Care Benefit[8]. |
Accidental death benefit
Disability care benefit[8]
- Loss of use of one limb
- Loss of speech
- Loss of sight of one eye
- Loss of hearing
During accumulation period | Waiver of future premiums[9] | Lump sum benefit[10] | Additional stream of monthly cash benefits[11] during payout period |
During payout period | Additional stream of monthly cash benefits[11] during payout period |
Need more protection?
Enhance your coverage with riders.
Cancer Premium Waiver (GIO)
You will not need to make future premium payments for your basic policy if you are diagnosed with a major cancer[12] during the term of the rider.
Enhanced Payor Premium Waiver
(Only applicable if the insured is not the policyholder)
You will not need to make future premium payments for the basic policy that you have bought for a loved one, if you pass away, are totally or permanently disabled (before age 70), or are diagnosed with dread disease[13] (except for angioplasty and other invasive treatment for coronary artery) during the term of the rider.
Dread Disease Premium Waiver
You will not need to make future premium payments for your basic policy if you are diagnosed with dread disease[13] (except for angioplasty and other invasive treatment for coronary artery) during the term of the rider.
Let us walk you through RevoRetire.
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How RevoRetire anchors your dream retirement
40 years oldMs Tan chooses a guaranteed monthly cash benefit of $1,000 to commence when she retires at age 60. She has selected a payout period of 20 years. She intends to use the monthly cash benefit and cash bonuses for her living expenses 1. She has chosen to pay a premium of $26,102 on a yearly mode, over the next 5 years (total premiums paid would be $130,512).
SCENARIO 1
Before 60 years oldMs Tan has a RevoRetire plan. She now has the peace of mind to enjoy life without worrying about her retirement.
SCENARIO 2
42 years oldAfter paying her 3 rd annual premium, Ms Tan meets with an unfortunate accident and loses the use of her arm. She qualifies to claim under the Disability Care Benefit 3. This waives her remaining 2 years of premiums 4 (a total of $52,205) and provides a lump sum benefit 5 of $6,000.
60 years oldWhen Ms Tan retires at age 60, she will start to receive $1,730 monthly (consists of $1,000 guaranteed cash benefit and $730 non-guaranteed cash bonus 2) until age 80.
60 years oldWhen Ms Tan retires at age 60, she will start to receive $1,730 monthly (consists of $1,000 guaranteed cash benefit and $730 non-guaranteed cash bonus 2) until age 80. She will also receive an additional stream of monthly cash benefit 6 of $1,000 from the Disability Care Benefit 3. This is on top of the guaranteed monthly cash benefit.
80 years oldThe policy matures and Ms Tan would have received a total illustrated payout of $415,1522 over the entire policy term.
- The illustrated payout includes:
- $240,000 of total guaranteed cash benefit, and
- $175,152 of total illustrated non-guaranteed cash bonus 2.
80 years oldThe policy matures and Ms Tan would have received a total illustrated payout of $661,1522 over the entire policy term.
- The illustrated payout includes:
- $240,000 of total guaranteed cash benefit,
- $175,152 of total illustrated non-guaranteed cash bonus 2,
- $6,000 of lump sum benefit 5 from Disability Care Benefit, and
- $240,000 of total additional stream of monthly cash benefit 6 from Disability Care Benefit.
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 4.75% p.a.
Should the long-term average return be 3.25% p.a., the total illustrated payout, assuming there is no payout from Disability Care Benefit would be $292,536 7.1If the insured is still alive and the policy has not ended, the first monthly cash benefit is paid on the policy anniversary immediately after the end of the accumulation period, provided that the policy's cash value is at least $10,000 after taking into account any policy loan and interest.
2The figures are used for illustration purposes only. 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 calculation for the total illustrated payout assumes that all cash benefits and cash bonuses due for the entire policy term are paid out to the policyholder.
3Disability Care Benefit will apply upon diagnosis of the insured with any one of the conditions - loss of use of one limb, loss of speech, loss of sight of one eye and loss of hearing, arising from accidental injury or sickness during the term of the policy. The benefit will be paid according to the date of diagnosis. There are certain conditions under which no benefits will be payable. Please refer to the policy contract for the definition of each condition and the circumstances in which a claim can be made.
4Future premiums on the basic policy will be waived for the remaining premium term from the date of diagnosis, if the insured is diagnosed with any one of the covered conditions, arising from accidental injury or sickness during the accumulation period and provided that the premium term has not ended.
5Lump sum benefit equivalent to 6 times the monthly cash benefit will be paid only if the insured is diagnosed with the covered conditions during the accumulation period.
6The additional stream of monthly cash benefit refers to the additional one month of cash benefit (capped at $3,000) that is paid on top of the monthly cash benefit during the payout period or until the policy ends, whichever is earlier.
7The figures are used for illustration purposes only. 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. The calculation for the total illustrated payout assumes that all cash benefits and cash bonuses due for the entire policy term are paid out to the policyholder.
© 2019 Income. All rights reserved. - The illustrated payout includes:
This retirement calculator is for educational and illustrative purposes only. It is for general information only and is not meant to provide any recommendation, investment or financial advice. The calculator projects the amount you may require for retirement based on the data you provided. The information, assumptions and simulation are obtained from sources Income believed to be reliable. Income makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose and does not assume liability for any illustration provided here or for your reliance on these illustrations.
We strongly encourage you to speak to an advisor if you require any professional advice.
Information correct as at 8 September 2022
Your policy toolkit. 18/5
Eligibility and payment frequency
Accumulation Period | Minimum entry age (last birthday) | Maximum entry age (last birthday) for 5-pay | Maximum entry age (last birthday) for 10-pay | Maximum entry age (last birthday) for Regular Pay |
10 years | 20 | 65^ | NA | NA |
15 years | 20 | 55 | 55 | NA |
Up to age 50 | 20 | 40 | 35 | 34 |
Up to age 55 | 20 | 45 | 40 | 39 |
Up to age 60 | 20 | 50 | 45 | 44 |
Up to age 65 | 20 | 55 | 50 | 49 |
^Only for payout period of 10 and 20 years. For payout period of 30 years, the maximum entry age is 60 (last birthday).
You can make your payments monthly, quarterly, half-yearly, or yearly.
Policy conditions
Application forms
Your queries answered.
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Footnotes
- If the insured is still alive and the policy has not ended, the first monthly cash benefit is paid on the policy anniversary immediately after the end of the accumulation period, provided that the policy’s cash value is at least $10,000 after taking into account any policy loan and interest.
- Interest rate of 3.25% per annum is not guaranteed. Prevailing interest rate at the point of deposit will be determined by Income. Any cash benefits paid under the Disability Care Benefit cannot be accumulated with Income at the prevailing interest rate.
- You can further enhance your protection with Enhanced Payor Premium Waiver, Dread Disease Premium Waiver or Cancer Premium Waiver (GIO) rider. You are not required to undergo any medical underwriting unless you are applying for the Enhanced Payor Premium Waiver or Dread Disease Premium Waiver rider to your policy.
- Capital guarantee is on the basic plan only, on the condition that all premiums are paid, and that the policy is held until the end of the accumulation period, with no policy alterations or claims made (except for a claim on the Disability Care Benefit).
- Bonus rates are not guaranteed and will vary according to the future performance of the Life Participating Fund.
- Net premiums means the regular premium amount as shown in the policy schedule, or the reduced regular premium if a part of the policy has been cashed in earlier. If the frequency of the regular premium amount is changed, we will use the then current regular premium amount to work out all net premiums paid. Net premiums exclude the premiums paid on riders.
- On top of the death benefit, an additional 105% of all net premiums paid will be paid out under this benefit if the accidental death happens before age 70, occurs within 365 days of the accident, and the insured is not participating in any restricted activity at the time of the accident. If the insured was participating in a restricted activity at the time of the accident, this benefit will be reduced to 63% of all net premiums paid. Standard exclusions apply as well. Please refer to the policy contract for further details.
- Disability Care Benefit will apply upon diagnosis of the insured with any one of the conditions – loss of use of one limb, loss of speech, loss of sight of one eye and loss of hearing, arising from accidental injury or sickness during the term of the policy. The benefit will be paid according to the date of diagnosis. There are certain conditions under which no benefits will be payable. Please refer to the policy contract for the definition of each condition and the circumstances in which a claim can be made.
- Future premiums on the basic policy will be waived for the remaining premium term from the date of diagnosis, if the insured is diagnosed with any one of the covered conditions, arising from accidental injury or sickness during the accumulation period and provided that the premium term has not ended.
- Lump sum benefit equivalent to 6 times the monthly cash benefit will be paid only if the insured is diagnosed with the covered conditions during the accumulation period.
- The additional stream of income refers to the additional one month of cash benefit (capped at $3,000) that is paid on top of the monthly cash benefit during the payout period or until the policy ends, whichever is earlier.
- This is applicable only after one year from the cover start date. Cover start date refers to the date we issue the rider, include or increase any benefit, or reinstate the rider (whichever is latest). However, if the insured is diagnosed with any one of the major cancers 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 policy. The insured must survive for at least 30 days from the date of diagnosis before we pay this benefit. You can find the full list of our specified major cancers and their definitions in your policy contract.
- We will not pay this benefit if the insured was diagnosed with the disease within 90 days from the date we issue the rider, include or increase any benefit, or reinstate the rider (whichever is latest) for major cancers, heart attack of specified severity, coronary artery by-pass surgery, angioplasty and other invasive treatment for coronary artery or other serious coronary artery disease.
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 contract. 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 adviser. 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 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 of 23 July 2019.
Information is correct as of 21 September 2023.
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