eFUTURE pay presto

Receive a guaranteed monthly retirement income for 10 years, one month after your selected retirement age.

eFUTURE pay presto

Get a guaranteed monthly income during your retirement!

  • Features

    eFUTURE pay presto guarantees you a monthly retirement income for 10 years. On top of that, you will receive a non-guaranteed lump sum benefit when the policy matures.

    • Enjoy a guaranteed monthly retirement income
      • Receive a guaranteed monthly retirement income for 10 years starting from one month after the selected retirement age.
    • Freedom to choose your retirement age
      • Depending on your personal preferences, you can select from the following retirement ages: 55, 60 or 65.
    • Capital guaranteed at retirement age
      • Your capital is guaranteed once you reach your selected retirement age.
    • Limited premium commitment period
      • It’s easier to manage your funds with a limited premium payment term of either 5 years or 10 years.
    • More financial security with lump sum maturity benefit
      • Feel more financially secure with an additional non-guaranteed lump sum benefit at maturity, on top of your guaranteed monthly retirement income.
    • Attractive returns upon maturity
      • This plan can potentially provide returns of up to 4.20%* per annum upon maturity. This is based on the illustration of a male, age 39, paying annual premium for 10 years and with the option to receive the guaranteed monthly retirement income at the retirement age of 65.
    • Hassle-free application
      • Your application will be fast and easy. You won’t need to do any health check because this is a guaranteed issuance policy.
    • Protection during the policy term
      • This plan offers death protection throughout the policy term even when you are receiving your guaranteed monthly retirement income.
    • Flexibility to receive the entire amount or reinvest it
      • Because it’s your money, you have the freedom to decide how to receive it upon reaching the selected retirement age. If you prefer not to receive the guaranteed monthly retirement income, you have these options:

    Option 1
    Deposit the guaranteed monthly retirement income with Etiqa at a non-guaranteed interest rate of 3% per annum and receive the lump sum payout at maturity.

    Option 2
    Get a partial lump sum at the selected retirement age, and receive a reduced guaranteed monthly retirement income for 10 years starting from one month after the selected retirement age.

    Option 3
    Receive a full lump sum at the selected retirement age.

    Enhance your coverage with this rider for greater protection.

    • eXTRA cancer waiver
      • Continue the policy without paying premiums until age next birthday 86 if the life insured is diagnosed with major cancers.

    * The example is for illustration purposes only and assumes a projected investment return of 4.75% per annum. Bonus rates are not guaranteed and will vary according to the future performance of the participating fund.

    How It Works

    Mr Tan (age 39) plans to retire at age 65. With eFUTURE pay presto, he sets aside $7,195 for 10 years. At age 65, he will receive a guaranteed monthly retirement income of $1,000 for 10 years. In addition, he will receive a projected maturity benefit of $116,531* when the policy matures.Receive a guaranteed monthly retirement income for 10 years, one month after your selected retirement age.
    * The example is for illustration purposes only and assumes a projected investment return of 4.75% per annum. Bonus rates are not guaranteed and will vary according to the future performance of the participating fund.

    Downloads

This product is covered under PPF Scheme.

Important Notes:

This content is for reference only and is not a contract of insurance. Full details of the policy terms and conditions can be found in the policy contract.

Buying a life insurance policy is a long-term commitment. Early termination of the policy usually involves high costs and the surrender value (if any) may be less than the total premium paid.

Information is correct as at 23 September 2016.