This is Gro Cash Plus

However, should James pass away at age 70, the policy will pay out $96,444^4,6, and the policy terminates thereafter. The policy would have provided an illustrated total payout of $295,834⁴, which is 3.28 times the premiums paid.

Diagram is not drawn to scale. The figures are rounded to the nearest dollar and are used for illustrative purposes only.

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 yearly cash payout for Mr Lim at ages 48, 49, and 50 to 120 would be $920^3,7, $1,775^3,7 and $2,089^3,7, respectively. The illustrated withdrawal amount for Mr Lim’s luxury around-the-world cruise trip at age 64 would be $38,235⁷, and the illustrated yearly cash payout for Mr Lim at age 65 would be $2,089^3,7. Should James pass away at age 70, the policy would have paid out $95,475^6,7, providing an illustrated total payout of $219,359⁷. If James survives to the end of the policy term, the maturity benefit⁵ would be $91,407⁷, and the policy would have paid out an illustrated total payout of $246,626⁷.

¹Only you as the policyholder (before the age of 65 years old), your spouse (before the age of 65 years old), or your child/ward (before the age of 18 years old) can be the secondary insured at the time you exercise this option. You can exercise this option to appoint a secondary insured no more than three times. Terms apply for the benefit. Please refer to the policy conditions for further details.

²At the end of the premium term, if the policyholder did not cash in this policy and all premiums for this policy have been paid for, the guaranteed cash value for this policy is equal to the total premiums paid, excluding premiums paid on riders. If the policyholder chooses to cash in this policy partially, the sum assured after the partial cash payout cannot be less than the minimum sum assured limit or any other amount Income Insurance may tell the policyholder about. Income Insurance will use the new sum assured and reduced regular premium amount, excluding premiums paid on riders, to work out the guaranteed cash value (if any) from the policy entry date.

³If the insured survives at the end of the premium term, and if all premiums for this policy have been paid for, Income Insurance will start paying the cash benefit at the end of the premium term. Income Insurance may pay a cash bonus on top of each cash benefit by applying a bonus rate to the sum assured. Income Insurance may or may not pay this cash bonus for each policy year. The percentage of the sum assured for the yearly cash benefit is dependent on the policy entry age of the original insured. If the sum assured of the policy is at least $80,000, you can choose to receive the yearly cash payouts in monthly payments. You cannot change the frequency you receive the cash benefit (yearly or monthly) after the first cash benefit is paid out. If Income Insurance pays a cash bonus on top of a cash benefit, Income Insurance will treat the cash bonus and its cash benefit as one cash benefit. Please refer to the policy conditions for further details.

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 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. If cash benefits and cash bonuses are accumulated with us, the interest rate will be based on 3.00% per annum, and it is not guaranteed.

⁵If the insured survives at the end of the policy term and the policy has not already ended, the policy will pay the cash value. Income Insurance will also pay any cash benefits and cash bonuses that have built up.

⁶If the insured becomes terminally ill or dies during the term of this policy, Income Insurance will pay the sum of:

• The higher of:
  • 105% of all net premium(s) paid, excluding premiums paid on riders; or
  • the guaranteed portion of the cash value,
and
• a terminal bonus.

Income Insurance will pay the cash value if it is higher than the sum calculated above and any cash benefits and cash bonuses that have built up, including any interest earned until then. The policy terminates thereafter.
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.

^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 3.00% 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. If cash benefits and cash bonuses are accumulated with us, the interest rate will be based on 1.50% per annum, and it is not guaranteed.

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