Enrich retirement
Product type
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 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.
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.
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
Additional lump sum maturity benefit
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.
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.
Notes
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.:
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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