Growth Plan gives you the flexibility to choose the term of your investment. It offers you guaranteed* returns on your principal sum upon maturity with the potential benefit of receiving bonuses** each year based on the financial results of the life participating fund. The additional insurance protection will ensure that your interests are safeguarded in the event of Death, or Total and Permanent Disability (TPD before the age of 65). |
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| * The guaranteed returns are payable only if the policy is held until maturity, on the condition that no policy alterations or related transactions have occurred during the entire policy term |
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| ** Bonus rates are not guaranteed and the actual maturity benefits may vary according to the future performance of the Life Participating Fund. |
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a) |
Flexible investment term |
b) |
Guaranteed* returns on your principal sum upon maturity |
c) |
Yearly bonus** based on financial results of the Life Participating Fund |
d) |
Payout of sum assured plus accumulated bonuses** or cash value, whichever is higher, in the event of Death or Total and Permanent Disability (TPD before the age of 65) |
e) |
Payout of 2 times the sum assured plus accumulated bonuses** in the event of an accident resulting in Death or Total and Permanent Disability (TPD before the age of 65) |
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| Disclaimers |
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.
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 does not undertake an obligation to update the information or to correct any inaccuracy that may become apparent at a later time. 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. |
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a) |
Minimum Age: 30 days |
b) |
Maximum Age: 70 years
of the life assured (age last birthday) |
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| Documents to be submitted along with the application form (originals to be produced for face to face verification) |
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Singaporeans / Permanent Residents: |
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- Photocopy of NRIC, both sides (The NRIC should have latest address of the applicant) |
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Non – Singaporeans |
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- Photocopy of Passport and |
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- Photocopy of Employment Pass / Work Permit / Dependant Pass and |
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- Document proof of address (i.e. utility bill, driving license etc.), if not same as in Employment Pass / Work Permit / Dependant Pass |
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| Walk in to any of our branches to talk to our Relationship Managers |
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