MaxRetire Income

Pick your payout age for higher
monthly retirement income

payout ages

to choose from

Steady stream

of monthly retirement income


  • For Singaporeans: 25 to 55 years old (age next birthday)
  • For foreigners: 25 to 54 years old (age next birthday)

MaxRetire Income is a regular premium endowment insurance plan designed to let you retire in comfort by providing a steady stream of monthly retirement income.

Do note MaxRetire Income is not a fixed or savings deposit, but an endowment insurance plan.

  1. The flexibility to meet your retirement needs:
    • Pay for 10 years, or until age 60 (age next birthday).
    • Receive your monthly retirement income from age 65 to either age 85 or 100 (age next birthday).
    • Change your chosen retirement payout age from age 65 to either age 67 or 70 (age next birthday). Simply provide your instructions to The Great Eastern Life Assurance Company Limited 6 months before the first monthly retirement income is paid out.
  2. Hassle-free application:
    • No medical underwriting is required when you apply for MaxRetire Income.
  3. Insurance coverage:
    • MaxRetire Income provides insurance coverage against death. It also has a compulsory Premium Waiver TPD (Own Life) Rider that waives off future premiums for the basic plan and any attaching riders in the event that the insured person suffers from total and permanent disability during the premium term.

Mrs. Tan is a Singaporean mother who is 40 years old (age next birthday). She bought MaxRetire Income 10 (Pay-to-85) and its Premium Waiver TPD (Own Life) Rider. She chooses to receive a monthly retirement income until age 85 (age next birthday).

The figures used are for illustrative purposes only. Please refer to the policy illustration and product summary for the exact values. The non-guaranteed income is based on a projected investment rate of return of 4.75% p.a. and the actual benefits payable will depend on how the participating fund performs in the future.

1 What Mrs. Tan pays (by the end of each policy year):

Age next birthday Yearly premiums
41 S$12,215.45
: :
50 S$12,215.45
In total, she pays S$122,154

2 What Mrs. Tan receives if she begins to receive her monthly retirement income at age 65 (age next birthday):

Payout age (age next birthday) Monthly retirement Income received till age 85 (age next birthday) Total retirement Income received
by age 85 (age next birthday)
65 Guaranteed S$1,000 S$240,000
Non-guaranteed S$638 S$160,650 (bonus) + S$25,000 (maturity benefit) + S$3,238 (interest paid on unpaid cash bonus) = S$188,888
In total, she receives S$428,888

3 What Mrs. Tan receives if she changes her payout age:

Payout age (age next birthday) Monthly retirement Income received till age 85 (age next birthday) Total retirement Income received
by age 85 (age next birthday)
67 Guaranteed S$1,180 S$254,880
Non-guaranteed S$752 S$171,380 (bonus) + S$25,000 (maturity benefit) + S$3,329 (interest paid on unpaid cash bonus) = S$199,709
In total, she receives S$454,589
70 Guaranteed S$1,520 S$273,600
Non-guaranteed S$968 S$185,920 (bonus) + S$25,000 (maturity benefit) + S$3,410 (interest paid on unpaid cash bonus) = S$214,330
In total, she receives S$487,930

What if she cancels the policy?

Within 14 days Within 3 years At age 65 (age next birthday) and beyond
Full refund No refund
She will not have all her money back
Receives at least all she has paid

What if the unfortunate happens?

Death Total and permanent disability
Her beneficiaries will receive a lump sum consisting of a guaranteed and non-guaranteed portion Her future premiums are waived and her policy continues

2 ways to apply

Get us to call you

Leave your contact details

Call us at
(65) 6722 2293

Operating hours are from 9am to 6pm, Monday to Friday (Excluding public holidays)

Important Notice
MaxRetire Income is provided by The Great Eastern Life Assurance Company Limited, a wholly-owned subsidiary of Great Eastern Holdings Limited and a member of the OCBC Group. This plan is not a bank deposit and OCBC Bank does not guarantee or have any obligations in connection with it. You may want to seek advice from a financial adviser before committing to buy the product. If you choose to not seek advice from a financial adviser, you should consider if the product is suitable for you. Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high cost and the surrender value payable, if any, may be less than the total premiums paid. This document is for general information only. It is not a contract of insurance or an offer to buy an insurance product or service. It is also not meant to provide any insurance or financial advice. The specific terms and conditions of the plan are set out in the policy documents. If you are interested in the insurance policy, you should read the product summary and policy illustration (available from us) before deciding whether to buy this product. We do not guarantee, represent or warrant that any of the information provided in this document is accurate and you should not rely on it as such. We do not undertake to update the information or to correct any inaccuracies. All information may change without notice. We will not be liable for any loss or damage arising directly or indirectly in connection with or as a result of you acting on the information in this document. This document may be translated into the Chinese language. If there is any difference between the English and Chinese versions, the English version will prevail.

Policy Owners’ Protection Scheme
This plan 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 ( or