Singlife

Flexi Life Income II

Grow your wealth and create an additional stream of income.

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Boost your wealth with Singlife Flexi Life Income II, an insurance savings plan that makes your money work harder. It provides yearly cash payouts of up to 5.2% of your sum assured and potentially more earnings over time. With wealth accumulation on auto-pilot, you can sit back and savour the finer things in life.

Features

Yearly cash payouts

Get passive income and look forward to a yearly payout¹ of up to 5.2% of your sum assured².

More earnings over time

Payouts increase by 0.5%³of your sum assured, starting from 20 years after your first income payout or when you turn 60, whichever is later.

100% capital guarantee

Set your mind at ease knowing that your capital is guaranteed⁴.

Attractive guaranteed returns

Earn guaranteed returns of up to 2.32% p.a.⁵

Choose when to start receiving cash payouts

Choose your preferred premium payment duration and accumulation period.

Fuss-free additional life coverage

Get protection against death and Terminal Illness⁶, no medical check-ups needed. More riders⁷ can also be added to your plan.

Tailor Your Plan to Your Needs

Choose your payment term

Choose your preferred premium payment term and accumulation period to determine when you will start receiving your Yearly Income payouts⁸.

Choose your payment mode

Pay your premiums using cash or Supplementary Retirement Scheme (SRS) funds⁹.

Here’s How Singlife Flexi Life Income II Works

Grow your wealth today to secure a better future tomorrow

For a personalised consultation on Singlife Flexi Life Income II, simply complete the form, and a dedicated Financial Adviser Representative will be in touch.

Prefer to speak with someone? Our team at Singlife Financial Advisers (“SFA”), a wholly owned subsidiary of Singapore Life Ltd. (“Singlife”) is here to assist you. Reach us at 6827 9980 (Mon – Fri, 9am to 6pm).

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By clicking “Submit”:

1. You agree to be directed to your servicing financial adviser representative if you have one, or to Professional Investment Advisory Services Pte Ltd (“PIAS”), a wholly owned subsidiary of Singapore Life Ltd. (“Singlife”), to process your request. Singlife has an introducer arrangement with PIAS, a licensed financial adviser which distributes Singlife products. As an introducer to PIAS, Singlife will not receive remuneration for this arrangement.

2. You also consent to Singlife collecting, processing, disclosing and/or transferring your personal data (provided in this form) to Singlife related group of companies, third party service providers and/or intermediaries (including your financial adviser, where applicable), whether located in Singapore or elsewhere, for the following purposes:

- to contact you via call, email and messages on any messaging platform (including SMS) to process your request;

- to provide you with information (including marketing offers and promotions, where applicable) on Singlife’s and Singlife related group of companies’ products and services; and

- for statistical, research, audit, compliance and regulatory purposes.

For details of Singlife’s Data Protection Notice, please refer to https://singlife.com/en/pdpa. To withdraw your consent, you may contact Singlife at +65 6827 9933.

Important Notes

All ages mentioned refer to age next birthday.

1. Yearly Income will be payable at the end of every policy year starting from the end of the Accumulation Period, less any amount owing to Singapore Life Ltd., as long as the Life Assured is alive and while the policy is in force. The Yearly Income consists of:

a) Guaranteed Cash Benefit at 2.2% of the Sum Assured; and

b) Cash Bonus (non-guaranteed), if any, at 3%^ or 0.9%^ of the Sum Assured.

^ Cash Bonus rates indicated above are based on illustrated investment rates of return of 4.25% and 3% per annum respectively as illustrated in the Policy Illustration. Please refer to the Policy Illustration for more details.

Note: Accumulation Period refers to the period from the end of the premium payment term until the first payment of Yearly Income.

2. The Sum Assured is used to determine the Guaranteed Cash Benefit, Cash Bonus (non-guaranteed) and Booster Bonus (non-guaranteed) payable and is not the Death Benefit.

3. The Booster Bonus is non-guaranteed and at 0.5%* or 0.3%* of the Sum Assured. It will be payable every policy year starting from the Policy Anniversary immediately following:
a) the date on which the Life Assured attains age 60; or
b) the end of the 20th policy year after the Accumulation Period ends, whichever is later, as long as the Life Assured is alive and while the policy is in force.

* Booster Bonus rates indicated above are based on illustrated investment rates of return of 4.25% and 3% per annum respectively as illustrated in the Policy Illustration. Please refer to the Policy Illustration for more details.

4. The Guaranteed Cash Surrender Value is equivalent to Total Premiums Paid for the basic plan as at the end of the Accumulation Period or the end of:
a) 8th policy year for policies with Single Premium payment term;
b) 13th policy year for policies with 3 years premium payment term;
c) 15th policy year for policies with 5, 10 or 15 years premium payment term; or
d) 25th policy year for policies with 20 or 25 years premium payment term; whichever is earlier, subject to policy terms and conditions.

The Guaranteed Cash Surrender Value will increase at 0.25% per annum (compounded) from the 5th policy year after the end of the Accumulation Period.

5. Guaranteed returns of 2.32% p.a. is based on coverage for a Life Assured between age 20 and 24 (both ages inclusive) with a sum assured of S$500,000 and an Accumulation Period of 20 years, who is paying annual premiums over 20 years; with an assumption that the policy will be surrendered at the end of the policy year when the Life Assured is age 99. The return is rounded to the nearest percentage.

6. Death and Terminal Illness coverage is subject to the following conditions:

For Death Benefit

In the event of the Life Assured’s death while the policy is in force, the lump-sum Death Benefit payable will comprise:
a) the higher of:
i. 101% of Total Premiums Paid for the basic plan (excluding advance premiums and premiums for riders (if any) attached to the policy); or
ii. the Guaranteed Cash Surrender Value;
b) Terminal Bonus as declared by Singapore Life Ltd. (if any); and
c) any reinvested Yearly Income and Booster Bonus with non-guaranteed interest (if not previously withdrawn); less any amount owing to Singapore Life Ltd.

For Terminal Illness Benefit

Upon diagnosis of Terminal Illness of the Life Assured while the policy is in force, Singapore Life Ltd. will pay the Terminal Illness Benefit in one lump sum, as an advancement of the Death Benefit.

7. For more details on the riders, please refer to the respective Product Summaries.

8. The sum of your entry age (in years) and your preferred premium payment term must not exceed 75 years. You can choose to pay premiums in a single lump sum (single premium) or over 3, 5, 10, 15, 20 or 25 years. There is a minimum Accumulation Period depending on your choice of premium payment term. The latest you can start receiving your Yearly Income is at 80 years old. Please refer to the Product Summary for more details.

9. For policy funded by Supplementary Retirement Scheme (SRS) monies, the policyholder must be the Life Assured covered under the policy. The withdrawn Yearly Income, Booster Bonus (if any) and any cash proceeds will be credited back to the SRS account as per prevailing SRS guidelines.

10. The total surrender value consists of the Basic Cash Value, i.e. Guaranteed Surrender Value and Terminal Bonus (if any). Please refer to the Policy Illustration for the illustrated Cash Surrender Value you may get for early policy surrender.

Disclaimers

This policy is underwritten by Singapore Life Ltd.

This is published for general information only and does not have regard to the specific investment objectives, financial situation and particular needs of any specific person. You may get a copy of the Product Summary from Singapore Life Ltd. and the participating distributors’ offices. You should read the Product Summary before deciding whether to purchase the product. You may wish to seek advice from a financial adviser representative before making a commitment to purchase the product. If you choose not to seek advice from a financial adviser representative, you should consider whether the product in question is suitable for you. 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. Buying a health insurance policy that is not suitable for you may impact your ability to finance your future healthcare needs. This is not a contract of insurance. Full details of the standard terms and conditions of this policy can be found in the relevant policy contract.

Information is accurate as at 24 Apr 2025. This advertisement has not been reviewed by the Monetary Authority of 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 or SDIC websites (www.lia.org.sg or www.sdic.org.sg).