RevoRetire

RevoRetire

A flexible savings plan that lets you craft your desired retirement lifestyle with monthly cash payouts, insurance coverage as well as additional peace of mind in the event of disability

What it covers

Monthly cash benefits
You will receive a guaranteed monthly cash benefit throughout the selected payout period[1]. A non-guaranteed monthly cash bonus[2] may be paid on top of each monthly cash benefit. 

You can choose to spend the monthly cash benefit and cash bonus as you wish or accumulate it with us at an interest rate of up to 3.5% p.a.[3].
Death
We pay 105% of all net premiums paid, and 100% of terminal bonus[2] if death occurs during the accumulation period. 

We pay 105% of all net premiums paid, and 100% of terminal bonus[2], less all monthly cash benefits and cash bonuses[2] paid out, except any cash benefit paid out under the Disability Care Benefit, if death occurs during the payout period.
Accidental Death
We pay an additional 105% of all net premiums paid if accidental death happens before age 70. If the accident happened during a restricted activity, this benefit will be reduced to 63% of all net premiums paid.
Disability
Should you experience the loss of use of one limb, the loss of speech, hearing, or sight in one eye due to accidental injury or illness, Disability Care Benefit provides these benefits, according to the date of diagnosis:

Disability during accumulation period:
  • We waive your future premiums on the basic policy for the remaining premium term, provided that the premium term has not ended.
  • We pay a lump sum benefit, equivalent to six times of the monthly cash benefit.
  • We pay an additional one month of cash benefit (capped at $3,000) on top of the monthly cash benefit during the payout period, or until the policy ends, whichever is earlier.

Disability during payout period:
  • We pay an additional one month of cash benefit (capped at $3,000) on top of the monthly cash benefit during the payout period, or until the policy ends, whichever is earlier.

Features

You can get back at least all the premiums you have paid[4] on the basic plan, on top of the non-guaranteed bonuses[2] at the end of your accumulation period.
Depending on your lifestyle and financial ability, you can choose to pay premiums for 5 years, 10 years, or up to 5 years before the end of your accumulation period.
You can choose to start receiving your monthly cash benefits after an accumulation period of just 10 or 15 years, or at age 50, 55, 60 or 65[1].
You can set the number of years (10, 20 or 30 years) to receive your monthly cash benefits. You can also enjoy the flexibility to change your selection any time before your first monthly cash benefit is due[5].
Your policy will be accepted regardless of your health condition[6].
This policy will share in the profits and losses of the Life Participating Fund[2].
Enjoy a wide range of exclusive treats specially curated for you.

Find out more

Enhance your plan

Cancer Premium Waiver (GIO)

We waive future premium payments in the event of the diagnosis of a major cancer[7] during the term of the rider.

Enhanced Payor Premium Waiver
We waive future premium payments of the basic plan in the event of death, total and permanent disability (TPD before age 70), or diagnosis of dread disease [8] (except for angioplasty and other invasive treatment for coronary artery) of the policyholder during the term of the rider. This rider is applicable only if the insured is not the policyholder.
Dread Disease Premium Waiver
We waive future premium payments of the basic plan, if the policyholder is diagnosed with dread disease [8] (except for angioplasty and other invasive treatment for coronary artery) during the term of the rider.

Before you apply

Accumulation Period Minimum entry age (last birthday) Minimum entry age (last birthday)
5-Pay 10-Pay Regular Pay
10 years 20 65^ NA NA
15 years 20 55 55 NA
Up to age 50 20 40 35 34
Up to age 55 20 45 40 39
Up to age 60 20 50 45 44
Up to age 65 20 55 50 49
^Only for payout period of 10 and 20 years. For payout period of 30 years, the maximum entry age is 60 (last birthday).

You can make your payments monthly, quarterly, half-yearly, or yearly.

Important Notes
  1. If the insured is still alive and the policy has not ended, the first monthly cash benefit is paid on the policy anniversary immediately after the end of the accumulation period, provided that the policy’s cash value is at least $10,000 after taking into account any policy loan and interest.
  2. Bonus rates are not guaranteed and will vary according to the future performance of the Life Participating Fund.
  3. Interest rate of 3.5% per annum is not guaranteed. Prevailing interest rate at the point of deposit will be determined by Income. Any cash benefits paid under the Disability Care Benefit cannot be accumulated with Income at the prevailing interest rate.
  4. Capital guarantee is on the basic plan only, on the condition that all premiums are paid, and that the policy is held until the end of the accumulation period, with no policy alterations or claims made.
  5. Any change in payout period must be done at least 30 days before the first monthly cash benefit is due. The payout period cannot be changed after a claim has been made on the Disability Care Benefit.
  6. You can further enhance your protection with Enhanced Payor Premium Waiver, Dread Disease Premium Waiver or Cancer Premium Waiver (GIO) rider. You are not required to undergo any medical underwriting unless you are applying for the Enhanced Payor Premium Waiver or Dread Disease Premium Waiver rider to your policy.
  7. This is applicable only after one year from the cover start date. Cover start date refers to the date we issue the rider, include or increase any benefit, or reinstate the rider (whichever is latest). However, if the insured is diagnosed with any one of the major cancers within one year from the cover start date, we will end this rider and refund 100% of the premiums paid on this rider. You will then have to continue paying premiums for your policy. The insured must survive for at least 30 days from the date of diagnosis before we pay this benefit. You can find the full list of our specified major cancers and their definitions in your policy contract.
  8. We will not pay this benefit if the insured was diagnosed with the disease within 90 days from the date we issue the rider, include or increase any benefit, or reinstate the rider (whichever is latest) for major cancers, heart attack of specified severity, coronary artery by-pass surgery, angioplasty and other invasive treatment for coronary artery or other serious coronary artery disease.
Information is correct as of 21 July 2017

Frequently asked questions

How to apply

For enquiries about savings and investment products, please call our hotline:
6788 1122

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