Enrich retirement
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Enrich retirement

Secure your retirement dreams of living in comfort with Enrich retirement, which offers both a lump sum maturity payout, as well as a monthly retirement income.
Home / Personal / Savings & Retirement / Enrich retirement

Product type

Endowment plan

Policy term

Retirement age (60 or 65) – Entry Age + Payout Term (10 or 20 years)

Premium term

2, 5 or 10 years

What you can get

Monthly cash payouts icon

Monthly retirement income

Live your dream retirement, with a guaranteed and non-guaranteed monthly income. Enjoy 10 or 20 years of payouts upon reaching your selected retirement age of 60 or 65. You can choose from two types of payout:

  • Level payout that is a fixed amount
  • Inflated payout where you receive an increment of 2% p.a. of the monthly retirement income payment, starting from the second policy year of receiving the monthly payout.
Flexible premium term icon

Flexibility to receive or reinvest

If you prefer not to receive the monthly retirement income payout, you can choose to:

  • Deposit the monthly retirement income with Etiqa at a non-guaranteed interest rate and withdraw the deposits at any time with no charges1 or receive the lump sum payout at maturity.
  • Receive a partial lump sum through a partial surrender of the policy and receive a reduced monthly retirement income for 10 or 20 years.
  • Receive a full lump sum when you surrender the policy.
Flexibility to tailor the plan icon

Flexible policy and premium term

Take charge of your insurance plan and choose your preferred retirement age of 60 or 65, and your preferred premium term of 2, 5 or 10 years.

Capital guaranteed

Your capital is 100% guaranteed once you reach your selected retirement age.
Additional lump sum maturity benefit icon

Additional lump sum maturity benefit

Enjoy greater financial security with lump sum maturity benefit, in addition to your monthly retirement income.
Attractive returns icon

Attractive returns

Enjoy attractive potential total returns of up to 3.56% p.a. and 1.66% p.a. (based on the illustrated investment rates of return of 4.25% p.a. and 3.00% p.a. respectively); and a guaranteed return of up to 1.01% p.a. upon maturity2.

Additional monthly payout icon

Special conditions benefit

Receive a payout of $10,000 if you are diagnosed with Alzheimer’s disease, severe dementia, ldiopathic Parkinson’s disease, or osteoporosis with fractures for the first time. You can make up to 2 such claims.


1 Please refer to the policy provisions for full details of the terms and conditions.
2Based on the illustration of a male, age 30, paying annual premiums for 5 years and with the option to receive the level monthly retirement income at the retirement age of 65 for 20 years.

Here's how Enrich retirement works

Level monthly payout

Imagine you are preparing for retirement at age 60. At age 35, you invest in Enrich retirement. Based on your needs, you select the following options:

  • Premium term of 10 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$17,691.30.

Based on an illustrated investment rate of return of 4.25% p.a.:

How Enrich retirement works​

Inflated monthly payout

Imagine you are preparing for retirement at age 65. At age 50, you invest in Enrich retirement. Based on your needs, you select the following options:

  • Premium term of 2 years
  • Retirement age of 65
  • Inflated income payout period of 10 years
  • Guaranteed first monthly retirement income of S$1,000 (inflated at 2% p.a.)
  • With these selections, you pay an annual premium of S$54,200.50.

Based on an illustrated investment rate of return of 4.25% p.a.:

The scenario(s) are for illustration purposes only.

1 The above illustrated values use bonus rates assuming an illustrated investment rate of return of 4.25% per annum. Assuming an illustrated investment rate of return of 3.00% per annum, for scenario 1, the monthly income received will be S$1,104.04, and the total benefits received at age 80 under the payout option and accumulate option will be S$309,431.60. For scenario 2, the total first monthly income received and the benefits received at age 75 will be S$1,100.16 and S$151,252.78 respectively. The two rates 3.00% per annum and 4.25% 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.

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Age means the age at next birthday.

This policy is underwritten by Etiqa Insurance Pte. Ltd.. 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.

As buying a life insurance policy is a long-term commitment, an early termination of the policy usually involves high costs and the surrender value, if any, that is payable to you may be zero or less than the total premiums paid. You are recommended to read the Product Summary, Policy Illustration and Policy Document for the exact terms and conditions, specific details and exclusions applicable to this insurance product that can be obtained from any of our product distributors; and seek advice from a financial adviser before deciding whether to purchase the policy. If you choose not to seek advice, you should consider if the policy is suitable for you. The information contained on this product advertisement is intended to be valid in Singapore only and shall not be construed as an offer to sell or solicitation to buy or provision of any insurance product outside Singapore.

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 us or visit the Life Insurance Association (LIA) or SDIC websites (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 at 29 September 2023.

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