ePREMIER retirement

Fund the longest holiday of your life with monthly retirement income.

 

The best days of your life have yet to arrive. Like any major life transition, retirement is a time of shifting priorities. Plan for the day you stop working with ePREMIER retirement, so you can achieve financial independence and maintain your desired lifestyle.

    • Premium Term

    • 2, 5 or 10 years

    • Product Type

    • Retirement Plan

Features

Enjoy Guaranteed Monthly Retirement Income

Receive monthly retirement income consisting of guaranteed and non-guaranteed payout for 10 or 20 years starting from your selected retirement age.

Freedom To Choose Your Preferred Plan

Choose your preferred retirement age of 60 or 65, and your preferred premium term of 2, 5 or 10 years.

Capital Guaranteed at Retirement Age

Your capital is guaranteed once you reach your selected retirement age.

More Financial Security With Lump Sum Maturity Benefit

Receive an additional lump sum benefit at maturity, in addition to your monthly retirement income.

Protection throughout Policy Term

This plan offers death protection throughout the policy term even when you are receiving your guaranteed monthly retirement income.

Attractive Returns upon Maturity

This plan can potentially provide total returns of up to 4.51% per annum and 2.95% per annum based on the illustrated investment rates of return of 4.75% per annum and 3.25% per annum respectively; and a guaranteed return of up to 2.40% upon maturity. This is based on the illustration of a male, age 30, paying annual premiums for 5 years and with the option to receive the monthly retirement income at the retirement age of 65 for 20 years.

*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.

Flexibility to receive the entire amount or reinvest it

If you prefer not to receive the monthly retirement income, you have the following options:

 

OPTION 1: Deposit the 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 through a partial surrender and receive a reduced monthly retirement income for 10 or 20 years starting from your selected retirement age.

OPTION 3: Receive a full lump sum at the 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.

Additional benefit for Major Cancers

A lump sum benefit equivalent to 9 times the selected guaranteed monthly retirement income is paid out in the event the life insured is diagnosed with Major Cancers for the first time on or before age 70.

Enhance your coverage with our Cancer Waiver rider

eXTRA cancer waiver

Continue the policy without paying premiums if the life insured is diagnosed with major cancers.

Here’s How It Works

Imagine you are preparing for retirement at age 65. At age 35, you invest in ePREMIER retirement. Based on your needs, you selected the following options:

  • Premium term of 10 years
  • Retirement age of 65
  • Income payout period of 20 years
  • Guaranteed Monthly Retirement Income of S$1,000

With these selections, you pay an annual premium of S$10,558.

 

At age 65, you will enjoy a total monthly retirement income1 of S$1,970 for 20 years. In addition, you will receive an illustrated maturity benefit of S$26,2521 when the policy matures.

Based on an illustrated investment rate of return of 3.25% p.a.:

Payout Option Accumulate Option
Non-guaranteed Monthly Retirement Income S$185 S$185
Interest Earned from Accumulation N/A S$46,663
Illustrated Maturity Benefit S$7,527 S$7,527
Total benefits received at Age 85 S$291,867 S$338,530

The scenario(s) above are for illustration purposes only.
1The two rates 3.25% per annum and 4.75% per annum are used purely for illustrative purposes and do not represent the upper and lower limits on the investment performance of the participating fund.
As the bonus rates used for the benefits illustrated above are not guaranteed, the actual benefits payable will vary according to the future performance of the participating fund.
Past performance is not necessarily indicative of the future performance.

Imagine you are preparing for retirement at age 60. At age 40, you invest in ePREMIER retirement. Based on your needs, you selected the following options:

  • Premium term of 2 years
  • Retirement age of 60
  • Income payout period of 20 years
  • Guaranteed Monthly Retirement Income of S$1,000

With these selections, you pay an annual premium of S$61,555.

 

At age 50, if you are unfortunately diagnosed with Major Cancers, you will receive a Major Cancers Benefit of S$9,000. At age 60, you will continue to enjoy a total monthly retirement income1 of S$1,730 for 20 years. In addition, you will receive an illustrated maturity benefit of S$18,6731 when the policy matures.

Based on an illustrated investment rate of return of 3.25% p.a.:

Payout Option
Non-guaranteed Monthly Retirement Income S$143
Illustrated Maturity Benefit S$7,366
Total benefits received at Age 80 S$290,626

The scenario(s) above are for illustration purposes only.
1The two rates 3.25% per annum and 4.75% per annum are used purely for illustrative purposes and do not represent the upper and lower limits on the investment performance of the participating fund.
As the bonus rates used for the benefits illustrated above are not guaranteed, the actual benefits payable will vary according to the future performance of the participating fund.
Past performance is not necessarily indicative of the future performance.

Downloads & Forms

Important Notes:

Age means the age at next birthday.

This product is covered under PPF Scheme.

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 9 April 2019.

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