Looking for an investment with higher returns than Singapore Savings Bonds (0.52%) and Fixed Deposits (0.4%-0.65%)?
Enjoy up to a guaranteed total eturn of 8.22% (1.37% p.a.) in 6 years or 3.24% (1.08% p.a.) in just 3 years, with premiums starting from $50,000.
With guaranteed protection in the event of death and total permanent disability.
Plus, Grow-Easy is capital guaranteed and protected by SDIC.
Apply now before this tranche is closed!
InsureDIY is the only adviser platform where you can easily apply for Life Insurance Corporation’s Grow-Easy online and pay the premium directly to Life Insurance Corporation from the comfort of your own home.
Enjoy an exclusive promotion of up to $140 when you apply now!
Your application will be submitted directly to Life Insurance Corporation.
Each DIY$ is worth $1 and can be exchanged for vouchers including InsureDIY vouchers, NTUC Fairprice and Cold Storage vouchers. Or cash out at DIY$500! Check out our rewards catalogue here.
| Single Premium Amount | Promotion* |
| $500,000 and above | DIY$40 + $100 Motor Insurance Voucher |
| $200,000 and $499,999 | DIY$15 + $100 Motor Insurance Voucher |
| $100,000 to $199,999 | DIY$10 + $80 Motor Insurance Voucher |
| $50,000 to $99,999 | $60 Motor Insurance Voucher |
You can also redeem your existing DIY$ to enjoy cash rebates on LICS Grow-Easy, with 25% boost** on your points!
You will be paying the premium directly to Life Insurance Corporation. We will credit your cash rebate separately when the full premium amount is paid to Life Insurance Corporation, and after your free-look period. You can choose to redeem the cash rebate before or after application.
| Cash Rebate | |
| DIY$8 | $10 |
| DIY$40 | $50 |
| DIY$100 | $100 |
Total premiums will be aggregated across policies if you are applying for multiple LICS Grow-Easy policies.
* DIY$ will be awarded to both new and existing InsureDIY users, upon successful application of LICS Grow-Easy, after 30 days from the policy commencement. Motor Insurance Vouchers are transferable and will be valid for 1 Year. Subject to a minimum motor insurance premium of $600 and cannot be used with any other InsureDIY promotions.
** only available for users who have existing DIY$, excluding the DIY$ awarded for this tranche of LICS Grow Easy.
LICS Grow Easy is also eligible for the Refer a Friend program. Refer your friends and family for LICS Grow Easy and get DIY$10 for each referral.
DIY$ can be exchanged for vouchers including InsureDIY vouchers, NTUC Fairprice and Cold Storage vouchers. Check out our rewards catalogue here.
How to refer:
Simply ask your friend to select "Referral" during the application process and key in your email address or referral code when they apply for LICS Grow Easy here
| Referral Reward |
| DIY$10 each |
Life Insurance Corporation’s Grow-Easy is a Single Premium Endowment Plan with Guaranteed Returns. You can choose either a 3- or 6-year term. With higher guaranteed returns than SSB’s 0.52% p.a. and Fixed Deposit rates of 0.4%-0.65% p.a., Grow-Easy also pays out an additional 10% of single premium for Accidental Death in the first year of policy and before age 70.
Life Insurance Corporation’s Grow-Easy 2021 Product Illustration:
Maturity Value 3 Year Term
| Quantum of Single Premium in S$ | Maturity Value 3 Year Term | Guaranteed Return – Simple Interest |
|---|---|---|
| 20,000 (min) | 20,618 | 1.03 per annum |
| 50,000 | 51,620 | 1.08 per annum |
| 200,000 | 206,480 | 1.08 per annum |
Maturity Value 6 Year Term
| Quantum of Single Premium in S$ | Maturity Value 6 Year Term | Guaranteed Return – Simple Interest |
|---|---|---|
| 20,000 (min) | 21,584 | 1.32 per annum |
| 50,000 | 51,110 | 1.37 per annum |
| 200,000 | 216,440 | 1.37 per annum |
Please note that the Guaranteed Death Benefit within 11 months from the issue date of the policy is 100% of the Basic Premium Paid-to-date instead, and the Guaranteed Death Benefit from the 12th month and thereafter is 105% of the Basic Premium Paid-to-date. [partialf1b7a8a4]
LICS Grow-Easy is suitable for individuals who prefer guaranteed returns and capital protection, with short to medium-term investment horizon.
When you apply through InsureDIY, you are applying for the same product as other distributors, but with exclusive promotions not available anywhere else! We are also the only distributor offering an online application process, so you will get to save time while enjoying more value. Apply now through InsureDIY and grab this limited tranche opportunity before it’s gone.
LICS Grow-Easy provides death benefit, accidental death benefit, Total Permanent Disability (TPD) benefit and maturity benefit.
LICS Grow-Easy has a minimum premium of S$20,000 and maximum premium of S$200,000 for 3-years and 6-years term.
Individuals from ages 18 to 70 (next birthday) are eligible to apply for Life Insurance Corporation’s Grow-Easy.
No, there is no limit. Multiple policies are allowed under the same life insured, subject to a maximum aggregate single premium of S$200,000 per tranche.
Yes, if you are residing in Singapore at the time of application, with a valid pass that has a minimum validity period of 6 months from the proposal signed date. However, foreigners from sanctioned countries will be turned down.
The Single Premium payment can be made via Cheque or Cashier's Order only, payable to " Life Insurance Corporation (Singapore) Pte Ltd".
If submitting a Cashier's Order, please submit a copy of cashier’s order application form or a copy of the debit advice showing the payer’s details.
No, SRS funds cannot be used for LICS Grow-Easy. The Single Premium payment has to be made via Cheque or Cashier's Order.
Yes, subjected to a maximum of S$500,000 for the aggregated guaranteed sum assured and S$100,000 for the aggregated guaranteed surrender value per life assured per insurer.
No medical examination is needed.
Yes, you can assign or nominate anyone as a beneficiary.
InsureDIY is distributing the same product as with other distributors. However, we are offering exclusive promotions on LICS Grow Easy that are not available anywhere else. We are also the only distributor to offer an online application process. So you will get more value through our promo and you also save time! Apply now through InsureDIY and be the first in line for this limited tranche product.
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