Gro Capital Ease
3-Year Plan
4.2% p.a. Guaranteed Return
Available with purchase of
Qualifying Plan
Key features for
Income's Gro Capital Ease
4.2% p.a. Guaranteed Maturity
Return
Capital
Guaranteed at Maturity
3-Year Term
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Gro Capital Ease
Income's Gro Capital Ease (launching soon) offers a highly attractive guaranteed maturity return of 4.2% p.a. and is capital guaranteed at maturity. It is a product with safe returns at the end of 3 years for your cash or SRS savings!
This tranche of Gro Capital Ease is available only if you also apply for a Qualifying Plan. Income would need to receive your application of your Qualifying Plan first. Please do request for a quote above and we will call you to walk you through the application process.
By bundling with a savings plan like Gro Cash Flex Pro, you will get up to 4.04% p.a. over 10 years. Check out the example below.
Please note that allocation for this tranche is on a first-come-first served basis. Please apply now to secure your allocation!
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InsureDIY is offering Income's Gro Capital Ease with an online process. You will be able to apply and transfer the premium to Income directly all from the comfort of your own home. We are a broker licensed by MAS and an exempt Financial Adviser.
Gro Capital Ease Application Process
1) You will need to apply for a Qualifying Plan before you can apply for the next tranche of Gro Capital Ease. Please select a Qualifying Plan in the form above to get a quote.
2) We will send you the quote and arrange a call to walk you through the information.
3) Once you confirm that you are happy to proceed with the Qualifying Plan and complete the application for the Qualifying Plan, we will then provide you with the link to sign up for Gro Capital Ease.
| Quote for Qualifying Plan |
InsureDIY Promotion
Get up to 50% commission rebate on your Qualifying Plan. This rebate is on top of any existing promotions offered by Income.
|
Plan Type (Regular Premiums only) |
Qualifying Plans |
|
Protection Insurance Minimum Annual Premium: $1,200 |
Star Secure Pro Complete Cancer Care Star Term Protect TermLife Solitaire Lady 360 Mortgage Term |
|
Investment-Linked Plan Insurance Minimum Annual Premium: $3,600 |
Invest Flex AstraLink |
|
Savings Insurance Minimum Annual Premium: $6,000 |
Gro Cash Sure Gro Cash Flex Pro Gro Retire Flex Pro Gro Saver Flex Pro Gro Power Saver Pro |
Bundling Gro Capital Ease with Gro Cash Flex Pro
You can invest up to $500,000 in Income's Gro Capital Ease when you also apply for a Qualifying Plan. If you bundle with Gro Cash Flex Pro, you can expect to get up to 4.04% p.a. (3.74% p.a. guaranteed).
About Gro Cash Flex Pro
Gro Cash Flex Pro is an endowment plan designed to provide an attractive rate of return at maturity. You can choose:
- a fixed policy term of 10 years and a premium term of 5 years.
- to accumulate the cash benefits with Income. The current expected accumulation rate for the cash benefits is 3% p.a.
Example of Bundling Gro Capital Ease with Gro Cash Flex Pro
| End of Policy Year | Gro Capital Ease | Gro Cash Flex Pro* | Total |
| 0 |
Single Premium: (500,000) |
Annual Premium after enjoying a rebate of $150 from InsureDIY: (5,850) |
(505,850) |
| 1 | 0 |
Annual Premium: (6,000) |
(6,000) |
| 2 | 0 |
Annual Premium: (6,000) |
(6,000) |
| 3 |
Indicative Guaranteed Maturity Benefit: 565,675 |
Annual Premium: (6,000) |
565,675 + (6,000) |
| 4 |
Annual Premium: (6,000) |
(6,000) | |
| 5 | 0 | 0 | |
| 6 | 0 | 0 | |
| 7 | 0 | 0 | |
| 8 | 0 | 0 | |
| 9 | 0 | 0 | |
| 10 |
Expected Maturity Benefit: 37,540 Low Scenario Maturity Benefit: 34,023 Guaranteed Maturity Benefit: 30,520 |
Expected Maturity Benefit: 37,540 Low Scenario Maturity Benefit: 34,023 Guaranteed Maturity Benefit: 30,520 |
|
|
|
|
Bundled Expected return: 4.04% p.a. Low Scenario return: 3.89% p.a. (Guaranteed return: 3.74% p.a.) |
* The expected maturity benefit is based on an illustrated rate of 4.25% p.a. and is not guaranteed. Low scenario refers to where the insurer earns a lower return and may reduce the non-guaranteed benefit on Gro Cash Flex Pro. Note that Gro Capital Ease has guaranteed returns.
Here are the bundled expected yields if you invest lower amounts in Gro Capital Ease:
| Gro Capital Ease Single Premium |
Gro Cash Flex Pro Annual Premium (5 Years) |
Expected Return* | Low Scenario Return* | Guaranteed Return |
| 500,000 |
6,000 |
4.04% p.a. |
3.89% p.a. | 3.74% p.a. |
| 400,000 | 6,000 | 4% p.a. | 3.82% p.a. | 3.64% p.a. |
| 300,000 | 6,000 | 3.95% p.a. | 3.72% p.a. | 3.49% p.a. |
| 200,000 | 6,000 | 3.86% p.a. | 3.54% p.a. | 3.21% p.a. |
| 100,000 | 6,000 | 3.65% p.a. | 3.14% p.a. | 2.6% p.a. |
* The expected maturity benefit is based on an illustrated rate of 4.25% p.a. and is not guaranteed. Low scenario refers to where the insurer earns a lower return and may reduce the non-guaranteed benefit on Gro Cash Flex Pro. Note that Gro Capital Ease has guaranteed returns.
1. When do I need to apply for the Qualifying Product to apply for the next tranche of Gro Capital Ease?
The application for your Qualifying product will need to be submitted before your Gro Capital Ease application. Otherwise, your Gro Capital Ease application will be rejected by Income.
2. Is there a difference between using cash to pay for the Income's Gro Capital Ease premium versus using my SRS Funds?
No, there is no difference in terms of the return on the policy. Of course, if you use your SRS Funds to pay for the policy, then the proceeds will be paid back to your SRS Fund. For policyholders who pay in cash, the maturity proceeds will be paid by cheque to the policyholder.
3. What is the minimum and maximum premium size for Income's Gro Capital Ease?
The minimum premium size for Income's Gro Capital Ease is S$20,000. The maximum single premium per insured is S$500,000.
4. What are the minimum and maximum ages for Income's Gro Capital Ease?
Individuals from ages 16 to 80 (last birthday) are eligible to apply for Income's Gro Capital Ease.
5. If I am a foreigner, can I apply for Income's Gro Capital Ease?
Yes. However, you must be residing in Singapore at the time of application. We would need to collect additional documents:
- Copy of passport with proof of entry
- Valid employment pass for those who are working (minimum validity of 6 months prior to expiry)
- Student pass or dependant pass is required for those who are not working
- Proof of residential address such as a copy of the utility bills, bank statement or letters issued by statutory or government bodies (dated within past 6 months)
- Completed and signed FATCA form and W-9 form (for US citizens residing in Singapore)
Please do email us the above documents at [email protected] after filling in our online application form here.
InsureDIY is a Broker licensed by the Monetary Authority of Singapore and is an Exempt Financial Adviser.
Information accurate as at 6th November 2023. This advertisement has not been reviewed by the Monetary Authority of Singapore.
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