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Enrich income

Enrich income, a whole life insurance plan designed to provide guaranteed monthly income while providing you with the necessary coverage during the policy term. With Enrich income, receive a regular stream of monthly income to enjoy your golden years and gift the policy proceeds to your loved ones beyond your lifetime.

Home / Personal / Savings & Retirement / Enrich income

Product type

Whole Life Plan

Policy term

Up to age 125

Premium term

3, 5, 10, 15 or 20 years

Here's what you can get

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Secure your future with lifetime monthly income

Receive monthly income, consisting of a guaranteed and a non-guaranteed amount at the end of each policy month starting from as early as the 37th policy month1 until the policy matures.
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Lump sum benefit upon maturity

A lump sum benefit consisting of a guaranteed and a non-guaranteed amount will be payable to you when the policy matures.

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Payment choices to suit your life journey

You set the timeframe and decide the premium payment term between 3, 5, 10, 15 or 20 years.

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Protection throughout the policy term

Receive a lump sum payout upon death or terminal illness during the policy term.

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Flexibility to meet your needs

  • Choose to receive the monthly income or reinvest it with Etiqa at a non-guaranteed interest rate. You may withdraw the monthly income deposits2 any time with no charges.
  • Option to change the life insured2 at any time after the 2nd policy year.
  • You can request for a premium deferment2,3 for up to one year after the 4th policy year if your policy has sufficient cash value.
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Hassle-free application

No health checks are required for this guaranteed issuance basic plan.

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Enhance your coverage with optional rider(s) subject to underwriting:

  • Extra secure waiver II
    Continue your policy without paying premiums upon the life insured’s diagnosis of any of the 37 covered severe-stage critical illnesses.
  • Extra payer waiver II
    Continue your policy without paying premiums upon death, total and permanent disability or diagnosis of any of the 37 covered severe-stage critical illnesses of the policyholder (before age 86).

Notes

1 Applicable to premium payment term of 3 years.

2 Subject to applicable terms and conditions. Please refer to policy contract for details.

3 Not applicable for 3-year premium term.

Here’s how Enrich income works

The scenario(s) above are for illustration purposes only.

4 The above illustrated values use bonus rates assuming an illustrated investment return of 4.25% per annum. Assuming an illustrated investment rate of return at 3.00% per annum, the monthly income James receives from 241st to 300th policy month (inclusive) will be S$355 and the monthly income he receives from 301st policy month until he is age 80 (inclusive) will be S$416. The total monthly income he receives will be S$121,362 and the total death benefit his family receives will be S$182,354.

The scenario(s) above are for illustration purposes only.

5 Change of life insured will be subject to Etiqa’s approval. Assume the policy is also assigned to Sarah in this scenario.

6 The above illustrated values use bonus rates assuming an illustrated investment return of 4.25% per annum. Assuming an illustrated investment rate of return at 3.00% per annum, the monthly income Sarah receives from 241st to 300th policy month (inclusive) will be S$355 and the monthly income she receives from 301st policy month until she is age 85 (inclusive) will be S$416. The total monthly income she receives will be S$316,382 and the total death benefit her child will receive will be S$199,436.

The two rates, 4.25% per annum and 3.00% 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. Bonus rates are not guaranteed and actual benefits payable may vary according to the future performance of the participating fund. Past performance or any forecasts are not necessarily indicative of the future or likely performance of the participating fund. Total monthly income comprises of both a guaranteed and non-guaranteed amount, and varies depending on the payout period. Refer to the illustration on monthly income for more details.

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Age means the age at next birthday.

This policy is underwritten by Etiqa Insurance Pte. Ltd., a member of Maybank Group.

This brochure is published for general information only. It does not have any regard to the specific financial or investment objectives, financial situation and the particular needs of any specific person who may read this document 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 should seek advice from a financial adviser before deciding to purchase the policy. If you choose not to seek advice, you should consider if the policy is suitable for you. 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.

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 accurate as at 29 September 2023.

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Marketing Consent Terms & Conditions

  1. I consent to Etiqa and its related, its agents, authorised service providers and marketing partners collecting, using, disclosing, and/or processing my personal data, in order to contact me about products and services marketed by Etiqa or its partners as well as benefits, promotions and rewards, via the modes mentioned or selected, and using my contact particulars which Etiqa may have in its records from time to time (including where applicable my Singapore telephone number(s));
  2. I confirm and agree that my consents granted herein do not supersede or replace any other consents which I may have previously provided to Etiqa in respect of my personal data, and are additional to any rights which Etiqa may have at law to collect, use or disclose my personal data, unless my consent is withdrawn and notified to Etiqa.
  3. I can choose to withdraw my consent by submitting the Marketing Withdrawal Form at www.etiqa.com.sg or email to customer.service@etiqa.com.sg.

Personal Data Protection Terms & Conditions

I expressly authorise and consent to Etiqa, its officers and employees at their sole discretion, to disclose any and all information relating to me, including my personal particulars, my transactions and dealings and my policies of insurance with Etiqa, to any of the following persons, whether in Singapore or elsewhere:

  1. Etiqa’s related corporations or affiliates;
  2. Any of Etiqa’s contractors or third party service providers;
  3. Any regulatory, supervisory or other authority, court of law, tribunal or person, in any jurisdiction, where such disclosure is required by law, regulation, judgement or order of court or order of any tribunal or as a matter of practice;
  4. Any actual or potential assignee(s) or transferee(s) of any rights and obligations of Etiqa under or relating to my policy or policies for any purpose connected with the proposed assignment or transfer; and
  5. Any credit bureau, insurer or representative, for such purpose(s) that Etiqa in its reasonable opinion considers appropriate including but not limited to the purpose(s) of underwriting, customer servicing, investigation of Etiqa’s representatives and monitoring undesirable sales practices.

Eligibility Conditions

  1. The Insured, also known as the Applicant / Proposer, must be a Singapore citizen, Permanent Resident of Singapore or foreigner with a valid Work Pass, Student Pass, Dependant’s Pass or Long-Term Visit Pass.
  2. The Applicant/Proposer must be at least 18 years of age.
  3. For more information, please view our Policy Wording

Thanks for your interest.

Our Assurance Manager will reach out to you within 2 working days to assist you further.