Manulife IncomeGen (II) - A whole life insurance plan that gives you monthly income

Please refer to the product brochure for a detailed guide on how Manulife IncomeGen (II) works.

Footnotes

Terms and conditions apply. Please refer to Product Summary for more information about this insurance plan.

¹ Lifetime monthly income consists of guaranteed and non-guaranteed monthly income. Guaranteed monthly income is equal to 0.81% of the sum insured divided by 12. Based on illustrated investment rate of return of 4.25% p.a., non-guaranteed monthly income is equal to 2.43% of the sum insured divided by 12 and based on illustrated investment rate of return of 3.00% p.a., non-guaranteed monthly income is equal to 1.17% of the sum insured divided by 12.

² If the life insured dies while the policy is still in force, Manulife will pay the following in one lump sum after taking off any amount you owe us:

1. The higher of:
   1. 101% of the total premiums paid to date (excluding any advance premium); or
   2. the guaranteed surrender value;
2. The non-guaranteed claim bonus (if any); and
3. Any monthly income which has built up with interest (if not previously withdrawn).

³ In the event the life insured is diagnosed with terminal cancer before the policy anniversary immediately aſter his or her 75th birthday during policy term and survived for at least 7 days from the date of diagnosis, subject to 1-year waiting period commencing from the policy issue date, the most recent date Manulife approved the change of life insured or date of the most recent policy reinstatement (whichever is later), Manulife will pay an additional lump sum amount depending on the chosen premium payment term as follows, after taking off any policy debt:

1. 30% of annual mode premium for 3-year premium payment term;
2. 50% of annual mode premium for 5-year premium payment term.

⁴ After 2 policy years, the policy owner may request to change the life insured up to 2 times during the policy term. Subject to insurable interest and any other terms and conditions as set out in the policy contract.

In Collaboration with Manulife

Manulife IncomeGen (II) is issued and underwritten by Manulife (Singapore) Pte. Ltd. ("Manulife") (Reg. No. 198002116D) and distributed by DBS. It is not an obligation of, deposit in or guaranteed by DBS. This advertisement has not been reviewed by the Monetary Authority of Singapore.

Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be less than the total premiums paid.

This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (“SDIC”). Coverage for the 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 Manulife or visit the Life Insurance Association or SDIC website (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 14 April 2024.

POSB Insurance Important Notes