Savings Rider4 generates Guaranteed Cash Payouts (GCP) annually throughout the policy term. This GCP amount is up to 60% of the Savings Rider’s annual premium1, and is payable at the end of each policy year for the option of 8 years’ premium payment term with a 20-year coverage term.
With the option of adding Savings Rider with premium of up to 12 times your Basic Premium, the higher the multiplier you choose, the more GCP you can look forward to receiving, as shown in the table below.
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1Annual GCP paid at the end of the respective policy year from Year 16 to Year 20, for a plan with premium payment term of 8 years and coverage tenure of 20 years. Also subject to premium being fully paid on time and policy still in force.
2 Subject to premiums being fully paid on time and policy still in force.
3 This is an investment-linked insurance plan that is tied to the performance of the underlying assets, and it is not a pure investment product such as unit trust or fixed deposits.
4 The premiums that you pay contribute to both the savings and protection elements of the product, e.g. death benefits. If you are looking for financial products with a savings element, you may wish to compare annualised returns of this product with the effective returns of other investment alternatives.
Here is a sample of how you can receive your total payouts from this plan: