Here’s what you get with Limited Pay RevoSave.
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Receive 5% of the sum assured as guaranteed yearly cash benefit[1] after two years.
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Have the option to spend the cash benefit or accumulate it with Income at an interest rate of up to 3.25% p.a[2].
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Guaranteed acceptance regardless of your health condition.
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Flexibility to choose your policy term and premium term, depending on your lifestyle and financial ability.
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Get back at least all of the premiums you have paid[3] for the basic plan upon maturity.
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Enjoy additional bonuses[4] based on the performance of the Life Participating Fund.
Stay covered against death & total and permanent disability.
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Receive 105% of all net premiums[5] paid and 100% of bonuses, or the cash value, whichever is higher, in the event of death or total and permanent disability (TPD before age 70).
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Get an additional 100% of the sum assured if the death or total and permanent disability (TPD before age 70) is due to an accident. If the accident happened during a restricted activity, this benefit will be reduced to 60% of the sum assured.
Need more protection? Enhance your coverage with a rider.
Cancer Premium Waiver (GIO)
You will not need to make future premium payments for the basic policy if you are diagnosed with a major cancer[6] during the term of the rider.
Let us walk you through Limited Pay RevoSave.
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How Limited Pay RevoSave lets you reach for a brighter future.
40 years oldMr Lee signs up for Limited Pay RevoSave (5-Pay-10) with a sum assured of $50,000. He pays a yearly premium of $11,994 for five years.
42 years oldSCENARIO 1
Mr Lee accumulates his yearly cash benefit1 of $2,500 with Income at an interest rate of up to 3.25% p.a.2
SCENARIO 2
Mr Lee receives a yearly cash benefit1 of $2,500 every year.
45 years oldMr Lee stops paying premiums.
50 years oldUpon maturity of his policy, Mr Lee can receive a total illustrated payout of $75,3043 (illustrated yield: 2.88% p.a.3).
Upon maturity of his policy, Mr Lee can receive a payout of $52,1463 (which consists of the guaranteed maturity benefit $40,000 and the non-guaranteed bonuses $12,146). Together with the guaranteed yearly cash benefits he had already received, his total illustrated payout is $72,1463 (illustrated yield at maturity: 2.80% p.a.3).
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 over 10 years would be $66,3934 if Mr Lee chooses to receive the guaranteed yearly cash benefit1 as a payout. The corresponding illustrated yield at maturity would be 1.55% p.a.4. If Mr Lee chooses to accumulate all the cash benefits with Income, the total illustrated payout at maturity would be $68,0344, and the corresponding illustrated yield at maturity would be 1.59% p.a.4.
1 You will start to receive 5% of your sum assured as your yearly cash benefit starting from the end of the 2nd policy year if you have paid the premiums for at least 2 years. You will continue to receive your cash benefit at subsequent policy years if the insured is still alive and your policy has not been converted to paid-up or ended.
2 Interest rate of 3.25% per annum is not guaranteed. Prevailing interest rate at the point of deposit will be determined by Income.
3 The figures in the illustrations 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 benefits payable will vary according to the future performance of the Life Participating Fund.
4 The figures in the illustrations 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 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 determined by Income.
© 2019 Income. All rights reserved.
Your policy toolkit. 18/5
Eligibility and payment frequency
Premium Term and Policy Term (Years) | Entry Age (LB) |
5-Pay-10 | 0 to 75 |
All other combinations of premium term and policy term | 0 to 85 less policy term |
You can make your payments monthly, quarterly, half-yearly or yearly.
Policy conditions
Application forms
Your queries answered.
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Footnotes
- You will start to receive 5% of your sum assured as your yearly cash benefit starting from the end of the 2nd policy year if you have paid the premiums for at least 2 years. You will continue to receive your cash benefit at subsequent policy years if the insured is still alive and your policy has not been converted to paid-up or ended.
- Interest rate of 3.25% per annum is not guaranteed. Prevailing interest rate at the point of deposit will be determined by Income.
- Capital guarantee is on the basic plan only, on the condition that all premiums are paid, and that the policy is held until the maturity date with no policy alterations or claims made during the entire policy term. You can get back at least all the premiums you have paid on the basic plan in the form of guaranteed cash benefits and guaranteed maturity 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 schedule (excluding premiums paid on riders), or the reduced regular premium if a part of the policy has been cashed in 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. A survival period of 30 days will apply from the date of the diagnosis. 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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