This participating endowment policy offers you insurance coverage and also invests part of your premiums in the insurer’s Participating Fund. By purchasing a participating plan, your premiums will be pooled together and invested with premiums from other policy owner in the Participating Fund managed by Manulife (Singapore) Pte. Ltd
This plan comprises guaranteed and non-guaranteed benefits in the form of bonuses. The bonus we may pay to you depends on the future performance of the participating fund that this policy is invested in.
Yes. There are 4 types of bonuses for SavvySpring (II), and this provides for the non-guaranteed benefits.
(a) Reversionary bonus
Reversionary bonus is a bonus that may be declared every year. The bonus rate is non-guaranteed. Once vested, it will form part of the guaranteed benefits of this policy.
The accumulated reversionary bonus will be payable upon death, TI, TPD or upon policy maturity, or it may be surrendered for cash value.
In addition, the following additional bonuses may be paid:
(b) Maturity bonus – when your policy matures
Maturity bonus is an additional bonus (a percentage of the accumulated reversionary bonus) which is non-guaranteed.
(c) Surrender (cash-in) bonus – when you surrender the policy before maturity
Surrender bonus is an additional bonus (a percentage of the surrender value of the accumulated reversionary bonus) which is non-guaranteed.
(d) Claim bonus – when a claim is made on the policy
Claim bonus is an additional bonus (a percentage of the accumulated reversionary bonus) which is non-guaranteed.
Yes. You can purchase more than one policy. You should consider your financial commitments when deciding on the amount of premium for this plan.
If you have further product-related enquiries, please email Manulife at [email protected]. If you are facing technical difficulties, you may explore our live chat service in DBS/POSB digibank online.