MaxGrowth Plus

A plan that brings you closer to your future goals

Save for your
future goals

with this regular
premium endowment insurance plan

Pay premiums for
only the

first 6 years

of the policy term

Enjoy the flexibility to receive or accumulate

yearly cash payouts

from the end of the second policy year

Eligibility

  • Minimum age: 1 month old (age exact birthday)
  • Maximum age: 50 years old (age nearest birthday)
How to apply

This is NOT a fixed or savings deposit. It is an endowment insurance plan.

Save for your future goals

MaxGrowth Plus is a 12-year regular premium, limited pay endowment insurance plan. You can use MaxGrowth Plus to save for future goals such as your retirement or child's education.

Pay premiums for only the first 6 years of the policy term

With MaxGrowth Plus, you only need to pay regular premiums for the first 6 years of the 12-year endowment insurance plan.

Enjoy insurance protection

Through the whole policy term of 12 years, you enjoy protection against death, total and permanent disability (TPD), as well as terminal illness (TI).

Flexibility to get yearly cash payouts

You can choose to receive yearly cash payouts starting from the end of the second policy year, or accumulate them. At the end of the policy term, you will receive a lump sum maturity benefit, including non-guaranteed bonuses for your future goals.

Mr Tan bought MaxGrowth Plus with a sum assured of S$50,000. He is 35 years old1 and is a non-smoker.

Scenario 1:
Mr Tan chooses to accumulate his yearly cash payouts from the end of the second policy year.


 

He will get a total maturity benefit of S$74,320 after 12 years, which consists of a guaranteed sum of S$50,000 and non-guaranteed bonuses of S$24,3204 (based on a projected investment rate of return of 4.06% p.a.)

Scenario 2:
Mr Tan chooses to receive yearly cash payouts3 from the end of the second policy year.


 

He will get a total maturity benefit of S$52,899 after 12 years, which consists of a guaranteed sum of S$31,250 and non-guaranteed bonuses of S$21,6494 (based on a projected investment rate of return of 4.06% p.a.)

 

Notes:
  1. All ages specified refer to age nearest birthday.
  2. Premiums are computed based on age nearest birthday, sum assured, smoking status and country of residency.
  3. The cash payout of 1.5% for sum assured of S$50,000 is payable starting from the end of the second policy year. The percentage will increase by 0.5% of the sum assured yearly up to 6% at the end of the 11th policy year.
  4. As the bonus rates used for the benefits illustrated above are not guaranteed, the actual benefits payable will vary accordingly to the future performance of the Participating Fund.

Want to know more about MaxGrowth Plus ?

Call us


1800 363 3333

 

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