It can be unnerving to rely solely on savings during your retirement. With RetireSavvy, you will receive a guaranteed lump sum retirement payment and/or monthly retirement income once you hit your selected retirement age. This comprises:
While building your nest egg, RetireSavvy also provides the following insurance coverage:
Find out more about the features and exclusions of this policy.
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Get a headstart on your retirement today! Enjoy premium discounts and receive eCapitaVouchers1!
Pay using your Supplementary Retirement Scheme (SRS) account for a single premium plan to unlock S$200 worth of eCapitaVouchers1. Simply enter promo code ‘RSBOOST’ on the Payment Details page during your application.
Premium discounts and eCapitaVouchers1 for the respective plans are as follows:
Receive S$100 worth of eCapitaVouchers1 when you meet the minimum qualifying premium amount of the following regular premium plans, on top of prevailing first year premium discounts.
Policy type
Minimum premium amount
First year premium discount
What’s more, earn up to 4.1% p.a. on your DBS Multiplier Account with RetireSavvy. No minimum premium amount and earn bonus interest for 12 months consecutively. Find out more.
Footnotes:
Terms and conditions apply, please refer to Product Summary for specific definitions.
1 Promotion till 30 Nov 2024. Promotion terms & conditions apply.
2 Based on Life Insured 30 years old and 10-year premium payment term.
3 Applicable to regular premium plans, during your premium payment term, or before the policy anniversary immediately after his or her 70th birthday, whichever is earlier. It is written on non-participating fund so it will not benefit from the performance of the participating fund.
4 You can put your premium payments on hold provided the policy has been in force for 2 years with 2 full annual premium payments.
Disclaimers
The information herein is published by DBS Bank Ltd (“DBS Bank”) and is for general information only and should not be relied upon as financial advice. This publication may not be reproduced, or communicated to any other person without prior written permission. This website does not take into account the specific investment objectives, financial situation or needs of any particular person. Before entering into any transaction involving any product mentioned in this website, where applicable, you should seek advice from a financial adviser regarding its suitability for your own objectives and circumstances. If you choose not to do so, you should make an independent assessment and do your own due diligence on the product. This advertisement has not been reviewed by the Monetary Authority of Singapore. The website herein is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation.
In Collaboration with ManulifeRetireSavvy is issued and underwritten by Manulife (Singapore) Pte. Ltd. ("Manulife") (Reg. No. 198002116D) and distributed by DBS. It is not an obligation of, deposit in or guaranteed by DBS.
Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender values payable may be less than the total premiums paid.
This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (“SDIC”). Coverage for the 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 Manulife or visit the Life Insurance Association or SDIC websites (www.lia.org.sg or www.sdic.org.sg).
Deposit Insurance SchemeSingapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$100,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
Information is correct as at 1 Oct 2024.
POSB Insurance Important Notes
Important Information
Terms and Conditions Governing SRS
Deposits Insurance Scheme
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