Gro Annuity Pro is available to policyholders who want to exercise the annuity option in their policies (if applicable).
Only immediate annuity is available.
Here's what you get with Gro Annuity Pro.
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Eligibility and payment frequency
- The entry age is from 40 to 85 years old (last birthday).
- You can only make your payment in a single premium.
Policy conditions
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Product
Gro Annuity Pro is a participating single premium insurance plan that provides lifetime annuity payments and protection in the event of death.
It is ideal for those seeking financial security in their golden years.
This is an immediate annuity plan. Upon commencement of the annuity, the policy pays a regular income over the lifetime of the annuitant.
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Footnotes
- Bonus rates are not guaranteed and will vary according to the future performance of the Life Participating Fund.^
- If the policyholder taking the annuity dies, we will pay the single premium less the total annuity payments, provided the total annuity payments made is less than the single premium. We will take any policy loan and interest from the benefit amount we will pay. The policy will end when we make this payment. We will not pay any further benefits.^
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 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 advisor. 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 may be zero or 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 Insurance or visit the GIA/LIA or SDIC web-sites (www.gia.org.sg or 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 2 January 2025.
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