Turn your. Dreams. into Reality

Turn your Dreams into Reality DreamSaver SAVINGS PLAN Short 5-year premium payment term. Monthly cash benefits after 5 years and protection as you...
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Turn your

Dreams into

Reality

DreamSaver SAVINGS PLAN

Short 5-year premium payment term. Monthly cash benefits after 5 years and protection as you save.

Dreaming of owning a car? Transform this to reality with a simple savings plan that brings you closer to your dreams while providing you with insurance protection.

Why is it good for me? 1

Guaranteed monthly cash benefits1 after 5 years

4

Application made easy with simplified underwriting

2

Earn up to 3.5% p.a.2 if you accumulate your cash benefits with us

5

Enjoy protection as you save

3

Choice of 8 or 10 years policy term

DreamSaver SAVINGS PLAN

Guaranteed monthly cash benefits after 5 years DreamSaver comes with a guaranteed monthly cash benefit1, equal to your monthly premium from the end of the 61st policy month. Think of it as extra cash which you can choose to receive as a payout or accumulate with us.

Accumulate with us Receive interest at a rate of up to 3.5% p.a.2 if you choose to accumulate your cash benefit with us.

Receive and enjoy your cash benefit You can also choose to receive your cash benefit and spend it as you wish.

Choice of 8 or 10 years policy term You can realise your dreams in 8 or 10 years, with just 5 years of premium payment.

Application made easy with simplified underwriting With DreamSaver, application is hassle-free. There is no need for any medical check-up, which means you can be closer to your dreams with a simple step.

Enjoy protection as you save You can receive coverage3 for death and total and permanent disability (TPD before age 70).

DreamSaver SAVINGS PLAN

How DreamSaver helps you realise your dreams (policy term: 10 years) Mr Tan, aged 30, decides to save up for the downpayment of his dream car. He signs up for DreamSaver, with a monthly premium of $500 over the next 5 years and the policy will mature in 10 years. Mr Tan can choose to receive guaranteed monthly $500 cash benefits1 from end of 61st policy month, or he can choose to accumulate all the cash benefits with Income at the prevailing interest rate of up to 3.5% p.a.2 Total projected payout (over 10 years):

Policy term: 10 years

$34,6004

(Projected yield at maturity: 2.67% p.a.4)

Non-guaranteed terminal bonus: $4,6004 Receive guaranteed monthly $500 cash benefits1 from end of 61st policy month

Guaranteed maturity benefit: $5005

Age

30

Total premium amount (60 Months)

35

40

$30,000

Total projected payout (over 10 years):

Policy term: 10 years

$37,2914

(Projected yield at maturity: 2.91% p.a.4)

Non-guaranteed terminal bonus and interest: $7,2912, 4 Accumulate guaranteed monthly cash benefits1 at prevailing interest rate of 3.5% p.a.2

Guaranteed maturity benefit: $30,0005

Age

30

Total premium amount (60 Months)

35

$30,000 Diagrams are not drawn to scale and the figures used are for illustrative purpose only.

40

DreamSaver SAVINGS PLAN

How DreamSaver helps you realise your dreams (policy term: 8 years) Mr Lee, aged 30, decides to save up for his family’s dream holiday in the United States. He signs up for DreamSaver, with a monthly premium of $500 over the next 5 years and the policy will mature in 8 years. Mr Lee can choose to receive guaranteed monthly $500 cash benefits1 from end of 61st policy month, or he can choose to accumulate all the cash benefits with Income at the prevailing interest rate of up to 3.5% p.a.2 Total projected payout (over 8 years):

Policy term: 8 years

$33,6804

(Projected yield at maturity: 2.45% p.a.4)

Non-guaranteed terminal bonus: $3,6804 Receive guaranteed monthly $500 cash benefits1 from end of 61st policy month

Guaranteed maturity benefit: $12,5005

Age

30

Total premium amount (60 Months)

35

38

$30,000

Total projected payout (over 8 years):

Policy term: 8 years

$34,6164

(Projected yield at maturity: 2.60% p.a.4)

Non-guaranteed terminal bonus and interest: $4,616 2, 4 Accumulate guaranteed monthly cash benefits1 at prevailing interest rate of 3.5% p.a.2

Guaranteed maturity benefit: $30,0005

Age

30

Total premium amount (60 Months)

35

$30,000 Diagrams are not drawn to scale and the figures used are for illustrative purpose only.

38

DreamSaver SAVINGS PLAN

About Income Income was established in 1970 to provide affordable insurance for workers in Singapore. Today, two million people in Singapore look to Income for trusted advice and solutions when making their most important financial decisions. Our wide network of advisers and partners provide life, health and general insurance products and services to serve the protection, savings and investment needs of customers across all segments of society. As a social enterprise, Income was made different. Our social purpose is to make insurance accessible, affordable and sustainable for all. Putting people before profits, we strive to create and maximise value for customers. In 2015, Income had over $32.4 billion in assets under management. Our financial strength and diversified investment portfolio is reflected by our strong credit ratings which underpin the delivery of our commitment to customers.

Get in touch MEET your Income adviser CHAT instantly at www.income.com.sg/AdviserConnect CALL 6788 1122 CLICK www.income.com.sg

Income’s corporate social responsibility initiative, OrangeAid, focuses on children and youth, especially the disadvantaged. For more about Income, please visit www.income.com.sg.

IMPORTANT NOTES 1 You will start to receive your monthly cash benefit, equivalent to the amount of your monthly premium, starting from the end of the 61st policy month onwards if you have paid the full premiums for 5 years. The monthly cash benefit is paid at the end of each month for 35 months for an 8-year policy term and 59 months for a 10-year policy term if the insured is alive and your policy has not ended. 2 Interest rate of 3.5% per annum is not guaranteed. Prevailing interest rate at the point of deposit will be determined by Income. 3 For an insured who is a standard life, the policy pays out 105% of all net premiums paid and a non-guaranteed terminal bonus if death or total and permanent disability occurs before 60 years old, or 101% of all net premiums paid and a non-guaranteed terminal bonus if death or total and permanent disability (TPD before age 70) occurs at age 60 and above. For an insured who is a non-standard life, the policy pays out 101% of all net premiums paid and a non-guaranteed terminal bonus in the event of death or total and permanent disability (TPD before age 70). Net premium means the regular premium amount as shown in the schedule, or the reduced premium if part of the policy has been cashed in earlier. Non-standard life means an insured who has been diagnosed with any of the following medical conditions at any time before or within 90 days after the cover start date: cancer, heart or heart-valve conditions, chronic kidney disease, stroke, liver cirrhosis or end-stage liver failure, systemic lupus erythematosus, terminal illness, or total loss, or total loss of use of one or both limbs, or total loss of use of one or both eyes. 4 The figures in the illustration are not guaranteed and are projected 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 projected 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. 5 The guaranteed maturity benefit is equal to 100% of all net premiums paid, less all cash benefits paid out (if any) and paid on the condition that the policy is held till maturity with no policy alterations and or claims made during the policy term. This is for general information only. You can find the usual terms and conditions of this plan at www.income.com.sg/dreamsaver-policy-conditions. pdf. 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 can be substantially 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 websites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg). Information is correct as of 16 September 2016