What is Retirement Plan?

A Retirement Plan helps individuals save and invest for their retirement years, providing a regular income stream to ensure financial stability and security. These plans can be structured as annuities, savings plans, or investment-linked policies.

Benefits of Retirement Plan:

Regular Income Stream
Retirement plans provide a steady income during your retirement years, helping you maintain your lifestyle and cover daily expenses
Guaranteed Returns
Many retirement plans offer guaranteed returns, ensuring that you receive a minimum payout regardless of market conditions
Tax Benefits
Contributions to certain retirement plans, such as those under the Supplementary Retirement Scheme (SRS), are eligible for tax relief, reducing your taxable income
Bonuses and Additions
Some plans offer bonuses like reversionary bonuses and terminal bonuses, which can enhance the overall payout at retirement

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manulife
RetireReady Plus III

Premium Term
5/10/15/20 years or Single Premium

Policy Term
Up to age 120

Payout Structure
Guaranteed monthly income with potential non-guaranteed bonuses

Payout Years
5/10/15/20 years or up to age 120

Disability Income
Additional payouts for Loss of Independence, including conditions like irreversible loss of speech, deafness, and major head trauma

Special Benefit
Lump sum payout in case of retrenchment

income
Gro Retire Flex Pro

Premium Term
5/10/15/20/25/30 years

Policy Term
Up to age 120

Payout Structure
Guaranteed monthly cash benefits with potential non-guaranteed bonuses

Payout Years
Flexible, based on chosen premium payment term and retirement age

Disability Income
Coverage for disability, providing financial support during the payout period

Special Benefit
Lump sum payout in case of retrenchment

singlife
Singlife Flexi Retirement II

Premium Term
5/10/15/20/25 years or Single Premium

Policy Term
Up to age 120

Payout Structure
Guaranteed monthly income with the option to reinvest payouts for higher returns

Payout Years
5 years up to age 120, at every 1-year interval

Disability Income
Additional monthly payout if unable to perform at least 2 out of 6 Activities of Daily Living (ADLs) during the Care Income Benefit Period

Special Benefit
Receive 600% of the Monthly Care Income in one lump sum, up to S$15,000 per life per condition if diagnosed with any one of the 7 specified senior conditions

china taiping
i-Retire (II)

Premium Term
5/10/15 years or Single Premium

Policy Term
Up to age 120

Payout Structure
Monthly income with the option to accumulate payouts with interest

Payout Years
10/20/30 years from the end of the accumulation period

Disability Income
Lump sum payment equivalent to 24 months of guaranteed monthly income in the event of Loss of Independence

Special Benefit
No medical underwriting required

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