Terms and conditions apply, please refer to the Product Summary for specific definitions.
“You” / “your” relates to the policy owner. For a single-life policy, the life insured will also be the policy owner.
Footnotes
- Provided the policy is in force: For single premium policies, the surrender value becomes available after the policy issue date. For regular premium policies, the surrender value becomes available starting from the 3rd policy year, provided all premiums have been paid up to date.
- In the event of life insured’s death during policy term and no secondary life insured is nominated, we will pay the higher of the following amount:
(a) 105% of the total premiums paid to date on the basic plan (inclusive of embedded riders), less any advance premiums; or
(b) 101% of the total surrender value,
less any amount you owe us.
The policy will end upon payout of the death benefit.
- Waiver of Premium on Total and Permanent Disability is applicable to regular premium policies, during your premium payment term, or before the policy anniversary immediately after your 70th birthday, whichever is earlier.
- Retrenchment Payout Benefit is applicable to individual-owned policies and policies where policy owner is aged 64 and below, during the first 5 policy years (for single premium policies); during his/her premium payment term (for regular premium policies); or before the policy anniversary immediately after policy owner’s 65th birthday, whichever is earlier.
This benefit is applicable once per policy during the policy term and will be terminated upon payout of the benefit.
- Transfer of policy ownership via assignment is allowed anytime while the policy is in force. The assignee must be at least 18 years old.
- Policy owner may request to change the life insured after 2 years from the policy issue date and must have an insurable interest on the new life insured at time of change. Acceptance of the new life insured is at Manulife’s sole and absolute discretion and will depend upon the insurability of the new life insured, as well as other terms and conditions as Manulife shall determine from time to time.
- Subject to there being no claims approved and received by us during the term of the policy, you may nominate, change or revoke another individual as a secondary life insured to replace the existing life insured upon the death of the life insured. Upon the death of the current life insured, if we cannot accept the secondary life insured as the life insured, we will pay out the death benefit, and the policy will end.
- Policy owner may request to split the policy into separate policies, subject to the terms and conditions of the policy contract. For single premium policies, the policy must have been in force for at least 3 years from the policy issue date. For regular premium policies, the policy must have been in force for at least 5 years from the policy issue date or beyond the premium term, whichever is later.
- The Death Benefit Inheritance Option can only be opted at application stage by you and will not be allowed to change the inheritance period after your policy has been issued.
- The Contingent Policy Owner Option allows current policy owner to name another person (‘contingent policy owner’) to take over the policy as the new policy owner in the event of his/her unexpected passing or if he/she is certified to be mentally incapacitated. Applicable to individual-owned policies only. Not applicable to SRS policies.
In Collaboration with Manulife
Manulife WealthGen and its supplementary benefits are 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 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 Manulife or visit the LIA or SDIC websites (www.lia.org.sg or www.sdic.org.sg).
Information is correct as at 18 Jan 2026.
POSB Insurance Important Notes
