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Gro Power Saver Pro

A 12-year savings plan with premium privilege where you only have to pay premiums for the first 3 policy years.

Gro Power Saver Pro

  • Capital Guaranteed Upon Maturity1
  • With Premium Privilege, pay premiums only for the first 3 policy years
  • Enjoy illustrated yield of up to 2.90% p.a.2
  • Guaranteed Acceptance regardless of Health Condition

Important Notes

1Capital guarantee on Gro Power Saver Pro excludes any optional rider(s), on the condition all premiums are paid, and that the policy is held until maturity date with no policy alterations or claims made during the entire policy term

2The illustrated yield at maturity of 2.90% per annum is not guaranteed and is based on:-Male, age 40 who signs up for Gro Power Saver Pro with a sum assured of $60,000,

Paying yearly premiums of $20,000 for the first 3 years of the policy term, and

Receiving a total illustrated maturity benefit of $82,174 at age 52

The figures in the illustration are not guaranteed and are illustrated based on the assumption that the Life Participating Fund earns a long-term average return of 4.25% per annum in the future. Returns are illustrated based on estimated bonus rates that are not guaranteed. The actual benefit payable will vary according to the future performance of the Life Participating Fund.

The terms and conditions above are not exhaustive. Please refer to the Product Summary for more details

Disclaimer

Buying a life insurance policy can be 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. You may wish to seek advice from a financial adviser before making a commitment to purchase the product. In the event that you choose not to seek advice from a financial adviser, you should consider whether the product in question is suitable for you

This plan is underwritten by Income Insurance 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 01 Sep 2022

The minimum entry age for the insured is 0 years old* (last birthday).
The maximum entry age for the insured is 75 years old (last birthday).

*Individuals who take up the policy on their own from 10 to 15 years old (age last birthday) will require parental/legal guardian’s consent. Parents cannot take up policies on the lives of their children who are 18 years old (age last birthday) and above.

Please speak to our Relationship Manager for more information on the premiums charged.

  • Application Form
  • Cover Page, Policy Illustration, Product Summary and Bundled Product Disclosure Document (if applicable)
  • 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