Here’s what you get with SAIL.
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Start saving with a single premium and choose when to receive your payouts based on the options provided.
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Receive your retirement income as regular payouts[1] over 20 years or in one lump sum at your chosen retirement age.
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Stay protected against death and total and permanent disability (TPD before age 70).
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Guaranteed acceptance regardless of your health condition.
Here’s how SAIL lets you retire the way you want.
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Begin with a single premium that starts from at least $10,000.
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Choose your desired retirement age from age 55, 60, 62 or 65 (last birthday) or to retire in 10, 15, 20, 25 or 30 years from the start of your policy.
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Enjoy bonuses[2] based on the performance of the Life Participating Fund.
Let us walk you through SAIL.
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How SAIL lets you retire the way you want
50 years oldMr Tan signs up for SAIL with a single premium of $100,000 and chooses to retire at age 65.
65 years oldMr Tan converts his plan into a stream of regular retirement income over 20 years, and receives his first yearly retirement income of $13,5581 one year after the policy anniversary on which he reaches his selected retirement age of 65.
85 years oldMr Tan would have received a total illustrated payout of $271,1681 (illustrated yield at maturity: 4.10% p.a.1).
The above figures are for illustrative purpose 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 (over 20 years) after retirement age would be $164,1842, and the corresponding illustrated yield at maturity would be 1.99% p.a2.
1 The figures in the illustrations are not guaranteed and are illustrated based on the assumptions 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 benefits payable will vary according to the future performance of the Life Participating Fund.
2 The figures in the illustations are not guaranteed and are illustrated based on the assumptions 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 benefits payable will vary according to the future performance of the Life Participating Fund.
© 2019 Income. All rights reserved.
Your policy toolkit. 18/5
Eligibility
Minimum entry age | Maximum entry age (last birthday) | Accumulation period |
0 | 60 | 10 |
0 | 50 | 15 |
0 | 45 | 20 |
0 | 40 | 25 |
0 | 35 | 30 |
25 | 45 | Up to age 55 |
30 | 50 | Up to age 60 |
32 | 52 | Up to age 62 |
35 | 55 | Up to age 65 |
You need to make a one-time single premium payment with a minimum amount of $10,000. The maximum premium limit set depends on your health and financial condition.
Policy conditions
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Footnotes
- You may choose to receive your retirement income yearly, monthly, quarterly or half-yearly, subject to policy conditions.
- Bonus rates are not guaranteed and will vary according to the future performance of the Life Participating Fund.
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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