RevoSave

RevoSave

A flexible savings plan that allows you to save and enjoy guaranteed cash benefits while protecting you.

What it covers

Guaranteed cash benefits

You will start to receive 5% of the sum assured as your guaranteed yearly cash benefit [1] after 2 years. You can choose to spend it as you wish or accumulate it with us at an interest rate of up to 3.5% p.a. [2]

Death and total and permanent disability

We pay the sum assured and bonuses [3] in the event of death or total and permanent disability (TPD before age 70).

Features

This policy will share in the profits and losses of the Life Participating Fund [3].

Enjoy a wide range of exclusive treats which are specially curated for you.

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Enhance your plan

Payor Premium Waiver

We waive future premium payments of the basic plan in the event of death or total and permanent disability (TPD before age 70) of the policyholder during the term of the rider. This rider is applicable only if the insured is not the policyholder.

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 [4] (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 [4] (except for angioplasty and other invasive treatment for coronary artery) during the term of the rider.

Early Cancer Waiver
We waive future premium payments in the event of the diagnosis of early-stage cancer [5] during the term of the rider.
Important Notes

Footnotes

 
  1. You will start to receive 5% of your sum assured as your yearly cash benefit starting from the end of the 2nd policy year if you have paid the premiums for at least 2 years. You will continue to receive your cash benefit at subsequent policy anniversaries if the insured is still alive and your policy has not ended.
  2. Interest rate of 3.5% per annum is not guaranteed. Prevailing interest rate at the point of deposit will be determined by Income.
  3. Bonus rates are not guaranteed and will vary according to the future performance of the Life Participating Fund.
  4. We will not pay this benefit if the insured is 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 and coronary artery by-pass surgery, angioplasty and other invasive treatment for coronary artery or ther serious coronary artery disease. 
  5. We will not pay this benefit if the insured is 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). If you have purchased this plan for your loved ones (3rd party policy) and would like to include Early Cancer Waiver rider, you will have to include an Enhanced Payor Premium Waiver rider or Dread Disease Premium Waiver rider too. Enhanced Payor Premium Waiver rider waives the future premiums for the policy of your loved ones (3rd party policy) upon your death, total and permanent disability (before age 70) or diagnosis of specified dread diseases stated in the policy contract. Dread Disease Premium Waiver rider waives the future premiums of the policy for your loved ones (3rd party policy) upon your diagnosis of specified dread diseases stated in the policy contract.

Exclusions

 

There are certain conditions whereby the benefits under this plan will not be payable. You can refer to your policy contract for the precise terms, conditions and exclusions of the plan. The policy contract will be issued when your application is accepted.

Important Notes

 

This page is for general information only. You can find the usual terms and conditions of this plan in the policy contract. All our products are developed to benefit our customers but not all may be suitable for your specific needs. If you are unsure if this plan is suitable for you, we strongly encourage you to speak to a qualified insurance adviser. Otherwise, you may end up buying a plan that does not meet your expectations or needs. As a result, you may not be able to afford the premiums or get the insurance protection you want. Buying a life insurance plan is a long-term commitment on your part. If you cancel your plan prematurely, the cash value you receive can be substantially less than the premiums you have paid for the plan.

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 Income or visit the websites of the General Insurance Association of Singapore (www.gia.org.sg), the Life Insurance Association, Singapore (www.lia.org.sg) or Singapore Deposit Insurance Corporation (www.sdic.org.sg).

 

Information is correct as of 21 April 2017

Before you apply

Policy Minimum entry age (last birthday) Maximum entry age (last birthday) Premium payment term Policy term
RevoSave 0 54 15 – 25 years 15 - 25 years, subject to the policy maturing no later than age 69 (last birthday) of the insured.
55 60 15 years 15 years

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

Frequently asked questions

How to apply

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

Speak to your Income adviser, or use our online matching tool to find an adviser who’s right for you.

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