Ultimate Cash is a regular premium endowment plan that gives you the freedom to save and the flexibility to enjoy your retirement. |
|
|
|
|
| |
| |
a) |
Provides either 100% or 200% of your policy face amount plus non guaranteed bonuses for Ultimate Cash 100 and Ultimate Cash 200 respectively, in the event of death. |
b) |
Option to choose your maturity benefit payout either in one lump sum or for yearly payouts over 10, 15 or 20 years. If you have opted for regular yearly payout, you have further option of either to: |
| |
i |
leave 100% of the maturity benefit with us, or |
ii |
leave 50% of the maturity benefit with us and withdraw the balance. |
|
c) |
The maturity benefit you leave with us is guaranteed* and it will be divided into yearly payouts made to you over the period you choose. There are additional benefits for doing so: |
| |
i |
You will earn non-guaranteed payout bonus of up to 38%^of the guaranteed yearly payout amount |
ii |
A lump sum death benefit equivalent to 10% of the maturity benefit left with us. Should anything untoward happen to you during payout term, your dependant will receive this additional death benefit on top of the remaining guaranteed payout. |
|
|
|
| * Surrender charge applies for early termination during payout term. |
|
| ^ Assuming projected rate of return of 5.25% p.a. for a 20-year payout term. Bonus rates are not guaranteed, the actual benefit payable may vary according to the future performance of the participating funds. |
|
| |
| Disclaimers |
| |
This plan is underwritten by Manulife 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. Customers are advised to approach a SBI financial adviser for more information and advice on any life policy plan listed in this website.
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. |
| |
| |
| Individuals of age 0-52 (age last birthday) |
|
| |
| |
| |
| |
| Documents to be submitted along with the application form (originals to be produced for face to face verification) |
a) |
Singaporeans / Permanent Residents: |
| |
- Photocopy of NRIC, both sides (The NRIC should have latest address of the applicant) |
b) |
Non – Singaporeans |
| |
- Photocopy of Passport or |
| |
- Photocopy of Employment Pass / Work Permit / Dependant Pass and |
| |
- Document proof of address (i.e. utility bill, driving license etc.), if not same as in Employment Pass / Work Permit / Dependant Pass |
|
|
|
| |
| |
| Walk in to any of our branches to talk to our Relationship Managers |
|
| |
| |
|
| |
|
