Guaranteed monthly income for the retirement you want

Why you will love this

Retire with regular monthly income

Who can apply

Singaporean, Singapore PR or foreigner

Sum assured must be at least S$5,000

MaxRetirement is an endowment insurance plan that guarantees monthly retirement income for 20 years.

Features and benefits

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

How it works

Mr Lee’s Profile:

40 years old


Wants to receive a monthly retirement income of S$1,000 when he reaches age 60

Wants to retire at age 60

Chooses to pay premiums over 10 years and accumulate his annual bonuses starting from end of the second policy year until payout age

Total payout


Guaranteed total payout




Including first month accumulated bonus, monthly pay out and policy maturity bonus



Total payout

The figures used are for illustrative purposes and all ages specified refer to age next birthday. Please refer to the policy illustration for the exact values. The non-guaranteed bonuses are based on an illustrated investment rate of return of the participating fund at 4.75% a year. Based on an illustrated investment rate of return at 3.25% a year, the total payout received by age 80 will be S$473,424. The actual benefits payable will vary according to the future performance of the participating fund.
Before you apply

Eligibility requirements


Singaporeans, Singapore PRs and foreigners

Minimum sum assured


Important notices

Policy Owners’ Protection Scheme

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 ( or

or contact us at 1800 363 3333

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

What am I covered for under MaxRetirement?

You are covered for Death and Total & Permanent Disability (TPD). In the event of Death or TPD, a lump sum will be paid out and the policy will terminate.

How much would I get if Death or TPD occurs during the policy term?

You will receive the higher of:

  1. 101% of total standard annual premiums paid, or single premium, plus attaching bonus (if any), less total retirement reward and retirement income paid out, and any policy loan or debt; or
  2. total surrender value, less any policy loan or debt.

Note: Total standard annual premium, or single premium, is the premium of the basic policy without any extra loadings or discounts.

What happens if I cancel my policy early?

Within the free-look period (14 days after you have received your policy document), you can cancel your policy by writing to us. In this case, premiums paid less medical fees (if applicable) incurred in assessing the risk under your policy will be refunded.

If you surrender your policy after the free-look period, you may lose part or all of the premiums paid if the surrender value payable is less than the total premiums paid.

  • Single premium option
    Once your policy is effective, you will get back at least 55% of your premiums paid if you choose to surrender immediately after the free-look period.
  • Regular premium option
    Once your policy is effective, you will not get any surrender value in the first three policy years. After three full years of paying your premiums, you will receive a surrender value.
Is there a need for medical declaration to buy MaxRetirement?

No medical declaration is required.