Here’s what you get with VivoCash Prime.
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Receive guaranteed cash benefits[1] starting after the 5th policy year till age 100.
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Stay protected against death with coverage that increases from 105% to 110% of all net premiums paid after the first five policy years.
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Enjoy a premium waiver in the event of total and permanent disability[2] (TPD before age 70).
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Have a choice of paying your premiums over 5, 10, 15, or 20 years.
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Guaranteed acceptance regardless of your health condition.
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Enjoy additional special cash benefits at the 20th and 30th policy year and a centennial maturity benefit[3] at age 100.
This is how VivoCash Prime grows your wealth.
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The guaranteed yearly cash benefit[1] you receive after the 5th policy year will be equivalent to 2.1% of your sum assured with a non-guaranteed yearly cash bonus[1] of up to 2% of your sum assured. You can also opt to receive these payouts every month[4] instead.
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Choose to spend these cash payouts as you wish or accumulate them with us at an interest rate of up to 3.25% p.a.[5].
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Enjoy bonuses[6] based on the performance of the Life Participating Fund.
Here’s a closer look at some of the benefits you get.
Death benefit
You will receive 105% of all net premiums paid (excluding premiums paid on riders) and a terminal bonus in the event of death.
After the first five policy years
You will receive 110% of all net premiums paid (excluding premiums paid on riders) and a terminal bonus in the event of death.
Premiums waived upon total and permanent disability
Special cash benefits after your policy’s 20th and 30th year
Centennial maturity benefit at age 100
Retrenchment cash benefit
Guaranteed insurability option for additional coverage at different life events
Need more protection? Enhance your coverage with a rider.
Cancer Premium Waiver (GIO)
You will not need to make future premium payments for your basic plan if you are diagnosed with a major cancer[9] during the term of the rider.
Let us walk you through VivoCash Prime.
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How VivoCash Prime gives you yearly payouts to build your golden nest
40 years oldMr Lee is 40 years old when he buys a VivoCash Prime policy with a sum assured of $80,000 and a premium term of 10 years.
He pays a yearly premium of $9,757.
45 years oldAfter 5 policy years, Mr Lee receives his yearly cash payout1 of $3,2802.
He chooses to spend the cash payouts1.
Unfortunately, Mr Lee suffers from a stroke that causes him to be totally and permanently disabled. The premiums of $48,783 for his remaining 5 years of premium term are waived3.
He continues to receive his cash payouts1 to supplement his living expenses.
60 and 70 years oldMr Lee receives a special cash benefit4 of $3,200 after the 20th and 30th policy year.
100 years oldShould Mr Lee live till 100 years old, he will receive a centennial maturity benefit5 of up to $164,5992 and the policy will end.
The figures used are for illustrative purposes only and are rounded to the nearest dollar.
Should Mr Lee pass away at age 85, his family will receive the death benefit of $152,7622, 6 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 4.75% per annum.
Should the long-term average return be 3.25% per annum, the illustrated total yearly cash payout1 would be $2,3607 and the centennial maturity benefit5 would be $136,0877. Should Mr Lee should pass away at age 85, the death benefit would be $126,5466, 7.
1 If the insured survives at the end of five years from the policy entry date and premiums have been paid for at least 5 policy years, you will start to receive cash payouts starting five years from the policy entry date. The cash payout consists of a guaranteed yearly cash benefit, which is 2.1% of your sum assured, and a non-guaranteed cash bonus, which is up to 2% of your sum assured (based on assumption that the Life Participating Fund earns a long term average return of 4.75% per annum). The non-guaranteed yearly cash bonus may vary according to the future performance of the Life Participating Fund. If the Life Participating Fund earns a long term average return of 3.25% per annum, the non-guaranteed cash bonus will be up to 0.85% of the sum assured. You will continue to receive your cash payouts at subsequent policy years till age 100 if the insured is still alive and the policy has not ended.
2 The figures 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.
3 If the insured becomes totally and permanently disabled (TPD before age 70) during the premium term, the TPD premium waiver benefit allows you to stop paying premiums on the policy for the remaining premium term subject to the terms of the policy contract. You cannot change the premium term or increase the sum assured after you claim this benefit.
4 You will receive a special cash benefit on top of each cash payout 20 years and 30 years from the policy entry date. Each special cash benefit is 4% of the sum assured.
5 If the insured survives at the end of the policy term, which is the anniversary immediately after the insured’s 100th birthday, and the policy has not already ended, the policy will pay 120% of all net premiums paid and a non-guaranteed terminal bonus (“centennial maturity benefit”). We will also pay any cash benefits and cash bonuses which have built up (accumulated). The policy will end when we make this payment. We will not pay any further benefits.
6 The policy pays out 105% of all net premiums paid and a non-guaranteed terminal bonus in the event of insured’s death during the first 5 policy years. If the insured’s death happens after the first 5 policy years, the policy pays out 110% of all net premiums paid and a non-guaranteed terminal bonus. We will also pay any cash benefits and cash bonuses which have built up (accumulated). 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. Net premiums means the regular premium amount as shown in the schedule, or the reduced regular premium if a part of the 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 premiums paid. Net premiums exclude the premiums paid on riders.
7 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.
© 2019 Income. All rights reserved. -
How VivoCash Prime ensures a bright and successful future for your child
1 years oldMr Tan signs up for the plan for his one-year old son, David, with a sum assured of $100,000 and a premium term of 20 years.
He pays a yearly premium of $7,073.
6 years oldAfter 5 policy years, when David is 6 years old, the policy begins to pay out yearly cash payouts1 of $4,1002.
He chooses to accumulate the cash payouts1 with Income at an interest rate of up to 3.25% p.a.3 to save up for David’s education.
21 years oldWhen David turns 21, Mr Tan withdraws the accumulated yearly cash payouts1 of $84,2932 for David’s education. Mr Tan also receives a special cash benefit4 of $4,000.
Mr Tan then transfers the ownership of the policy to David after fully paying for the 20 years of premiums. David will then begin to receive the yearly cash payouts1.
31 years oldDavid receives another special cash benefit4 of $4,000 after the 30th policy year.
100 years oldShould David live till 100 years old, he will receive a centennial maturity benefit5 of up to $254,3472 and the policy will end.
The figures used are for illustrative purposes only and are rounded to the nearest dollar.
However, should David pass away at age 85, his family will receive the death benefit of $232,3022, 6 and the policy terminates thereafter.
Should the long-term average return be 3.25% per annum, the illustrated total yearly cash payout1 would be $2,9507. The illustrated withdrawal amount for David’s education would be $53,9317, and the centennial maturity benefit5 would be $203,5877. If David pass away at age 85, the death benefit would be $187,5926, 7.
1 If the insured survives at the end of five years from the policy entry date and premiums have been paid for at least 5 policy years, you will start to receive cash payouts starting five years from the policy entry date. The cash payout consists of a guaranteed yearly cash benefit, which is 2.1% of your sum assured, and a non-guaranteed cash bonus, which is up to 2% of your sum assured (based on assumption that the Life Participating Fund earns a long term average return of 4.75% per annum). The non-guaranteed yearly cash bonus may vary according to the future performance of the Life Participating Fund. If the Life Participating Fund earns a long term average return of 3.25% per annum, the non-guaranteed cash bonus will be up to 0.85% of the sum assured. You will continue to receive your cash payouts at subsequent policy years till age 100 if the insured is still alive and the policy has not ended.
2 The figures 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.
3 Interest rate of 3.25% per annum is not guaranteed. Prevailing interest rate at the point of deposit will be determined by Income.
4 You will receive a special cash benefit on top of each cash payout 20 years and 30 years from the policy entry date. Each special cash benefit is 4% of the sum assured.
5 If the insured survives at the end of the policy term, which is the anniversary immediately after the insured’s 100th birthday, and the policy has not already ended, the policy will pay 120% of all net premiums paid and a non-guaranteed terminal bonus (“centennial maturity benefit”). We will also pay any cash benefits and cash bonuses which have built up (accumulated). The policy will end when we make this payment. We will not pay any further benefits.
6 The policy pays out 105% of all net premiums paid and a non-guaranteed terminal bonus in the event of insured’s death during the first 5 policy years. If the insured’s death happens after the first 5 policy years, the policy pays out 110% of all net premiums paid and a non-guaranteed terminal bonus. We will also pay any cash benefits and cash bonuses which have built up (accumulated). 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. Net premiums means the regular premium amount as shown in the schedule, or the reduced regular premium if a part of the 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 premiums paid. Net premiums exclude the premiums paid on riders.
7 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. If cash benefits and cash bonuses are accumulated with Income, the interest rate will be based on 1.75% per annum and it is not guaranteed. Prevailing interest rate at the point of deposit will be determinted by Income.
© 2019 Income. All rights reserved.
Your policy toolkit. 18/5
Eligibility and payment frequency
Minimum Entry Age (last birthday) | Maximum Entry Age (last birthday) | |
Insured | 0 | 70 |
Policyholder | 10 | N.A. |
You can choose to pay your premiums for 5, 10, 15 or 20 years. 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 survives at the end of five years from the policy entry date and premiums have been paid for at least 5 policy years, you will start to receive cash payouts starting five years from the policy entry date. The cash payout consists of a guaranteed yearly cash benefit, which is 2.1% of your sum assured, and a non-guaranteed cash bonus, which is up to 2% of your sum assured (based on assumption that the Life Participating Fund earns a long term average return of 4.75% per annum). The non-guaranteed yearly cash bonus may vary according to the future performance of the Life Participating Fund. If the Life Participating Fund earns a long term average return of 3.25% per annum, the non-guaranteed cash bonus will be up to 0.85% of the sum assured. You will continue to receive your cash payouts at subsequent policy years till age 100 if the insured is still alive and the policy has not ended.
- If the insured becomes totally and permanently disabled (TPD before age 70) during the premium term, the TPD premium waiver benefit allows you to stop paying premiums on the policy for the remaining premium term subject to the terms of the policy contract. You cannot change the premium term or increase the sum assured after you claim this benefit.
- If the insured survives at the end of the policy term, which is the anniversary immediately after the insured’s 100th birthday, and the policy has not already ended, the policy will pay 120% of all net premiums paid and a non-guaranteed terminal bonus (“centennial maturity benefit”). We will also pay any cash benefits and cash bonuses which have built up (accumulated). The policy will end when we make this payment. We will not pay any further benefits.
- You can have the option to receive the yearly cash benefits in monthly payments if the sum assured is at least $80,000. We will work out the amount of each monthly cash benefit payment. You cannot change the frequency you receive the cash benefit (yearly or monthly) after the first cash benefit is paid out.
- Interest rate of 3.25% per annum is not guaranteed. Prevailing interest rate at the point of deposit will be determined by Income.
- Bonus rates are not guaranteed and the benefits payable will vary according to the future performance of the Life Participating Fund.
- VivoCash Prime policy must be valid and in force for at least six months from the date of issue of the policy or the date of issue of an endorsement to include or increase a benefit or date of reinstatement of the policy, whichever is the latest, with at least six months of premiums paid. You cannot accumulate this benefit to earn interest. You can only receive it as a payout. This retrenchment benefit can only be claimed once.
- The insured has the option to buy another life policy with only death and total and permanent disability benefits on their own life without reassessment of health within 3 months from the date of the defined life event if the insured has met the full conditions for the application of the new life policy. The life event must have taken place no earlier than 12 months after the cover start date of the VivoCash Prime policy. The insured can take up this option no more than two times, on two different life events. The 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 insured must be 50 years old or under at the time of taking up this option. We will limit the sum assured for the new life policy to 50% of the sum assured for the VivoCash Prime policy, or $100,000, whichever is lower. Please refer to the policy contract for further details on the life events and the full conditions for the application of the new life policy. Cover start date means the date we issue the policy, issue an endorsement to include or increase a benefit, or reinstate the policy, whichever is latest.
- 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.
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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