GRO Flex Saver
Limited Pay RevoSave is a savings plan with a difference, it allows you to have a flexible savings plan and gives you guaranteed yearly cash benefits1, bonuses2 and insurance protection.
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- Premium payment terms of 3, 5 or 10 years
- Advance premium facility available
- Guaranteed acceptance3
- Guaranteed cash benefits1 after 2 years
- Enjoy protection against death and total and permanent disability (TPD before the age of 65) as you save
Important Notes
1 You will start to receive 5% of your sum assured as your yearly cash benefit starting from the second policy anniversary if you have paid the premiums for 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 Bonus rates are not guaranteed and will vary according to the future performance of the Life Participating Fund.
3 You will be given guaranteed acceptance regardless of health conditions. If any rider is attached, you will have to undergo health underwriting. This is for general information only. The precise terms, conditions and exclusions of this plan are specified in the policy contract.
This plan is underwritten by NTUC Income and acceptance of the proposal is subject to underwriting. Buying a life insurance is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be less than the total premiums paid.
This document is published for information and general circulation only and does not take into account the specific investment objectives, financial situation and particular needs of any specific person. Investors may wish to seek advice from a financial adviser before making a commitment to purchase the insurance product. In the event that an investor chooses not to seek advice from a financial adviser, the investor should consider whether the insurance product in question is suitable for him.
No representation or warranty whatsoever (including without limitation any representation or warranty as to accuracy, usefulness, adequacy, timeliness or completeness) in respect of any information (including without limitation any statement, figures, opinion, view or estimate) provided herein is given by SBI and it should not be relied upon as such. SBI shall not be responsible or liable for any loss or damage whatsoever arising directly or indirectly howsoever in connection with or as a result of any person acting on any information provided herein.
Information is correct as of 19 August 2013
This policy is available for all between ages 0 to 70 as at last birthday (LB).
The available policy terms are as follows:
| Entry Age (LB) | Policy Term | |
|---|---|---|
| 10 years | 15 to 25 years | |
| 0 to 54 | Available | 15 to 25 years, subject to the policy maturing no later than age 69 (last birthday) of the insured. |
| 55 to 60 | 15 years only | |
| 61 to 70 | Not available | |
Please speak to our Relationship Manager for more information on the premiums charged.
- Application Form
- Benefit Illustration
- Personal Financial Review
- Copy of customer’s IC
The above documents are required for the purchase of the insurance policy.
Walk in to any of our branches to talk to our Relationship Managers