Gro Annuity Pro

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.

Receive lifetime annuity payouts during your retirement on a monthly, quarterly, half-yearly or yearly basis.
Enjoy potentially higher payouts with bonuses[1] based on the performance of the Life Participating Fund.
Get coverage for death[2] with a lump sum payout.

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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.

Brochures

Gro Annuity Pro Brochure (English)

Gro Annuity Pro Brochure (Chinese)

Policy conditions

Policy Conditions

Ways to pay for Gro Annuity Pro.

Find out how you can make payment for your policy by choosing from the preferred methods below. For other accepted payment modes, you may get in touch with us through your preferred mode of contact at www.income.com.sg/contact-us.

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Important notes

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 5 August 2024.

When policy is cash in	Cash value
One year from cover start date	85% of the following: Single premium less the total annuity payments and conversion bonus
Two years from cover start date	90% of the following: Single premium less the total annuity payments and conversion bonus
Three years from cover start date	93% of the following: Single premium less the total annuity payments
Four years from cover start date	95% of the following: Single premium less the total annuity payments
Five years or later from cover start date	Single premium less the total annuity payments