Maximise the Returns on your

Supplementary Retirement Scheme Funds

Enjoy yields of up to 3.74% p.a.1

Aviva's MyLifeIncome III & NTUC Income's Gro Saver Flex & Gro Retire Flex

SRS Insurance Plans

Key features SRS Whole of Life Plans  

cash benefit

 

Yields of up to 3.74% p.a.1

best SRS product

 

Choice of Policy Terms

(NTUC Income Gro Saver Flex)

capital guaranteed

 

100% Capital guaranteed

(Aviva MyLifeIncome II)

Single Premium & Guaranteed acceptance

 

Guaranteed acceptance

InsureDIY mobile application

 

Online application

Why Apply for  
MyLifeIncome III, Gro Saver Flex or Gro Retire Flex

If you have a Supplementary Retirement Scheme ("SRS") fund, you may want to consider investing in Aviva's MyLifeIncome III, NTUC Income's Gro Saver Flex or Gro Retire Flex to enhance your returns.

Currently, SRS Funds only earn 0.05% p.a.. This is extremely low even in today's low interest rate environment! As you will likely leave the SRS Funds in the scheme for a long time, it is worth considering investing the funds to provide you with higher returns in the long-term.

Aviva's MyLifeIncome III, NTUC Income's Gro Saver Flex and Gro Retire Flex are designed specifically to maximise your tax benefits from your SRS account.

Get a Quote

 

Not ready to get a quote? Reserve our current promotion by registering above!

 

Supplementary Retirement Scheme Funds Pot Plants

Comparison of Gro Saver Flex, Gro Retire Flex and MyLifeIncome III

After investing a single premium in Gro Saver Flex, Gro Retire Flex or MyLifeIncome III, the surrender value grows each year with a combination of guaranteed and non-guaranteed benefits. MyLifeIncome III provides a yearly cash dividend after the selected accumulation period.

NTUC logo
Gro Saver Flex
NTUC logo
Gro Retire Flex
Aviva logo
MyLifeIncome III
Premium Term
Only Single Premium terms are acceptable for SRS Funds (check out non-SRS retirement plans here)
Policy Terms
10, 15, 20, 25, 30 years or till age 120 15 year to age 100 depending on premium term Whole of Life
Annual Cash Dividend
None Dependent on policy selected After accumulation period

Guaranteed: 1.2% p.a. of sum assured

Non-Guaranteed: 4.4% p.a. of sum assured

Booster Bonus: 20 years after the first income payout or when you’re 60 years old, whichever is later: 0.35% p.a. of sum assured

Total Cash Payout: 5.6% p.a. of sum assured after the selected accumulation period

Total Cash Payout including Booster Bonus: 5.95% p.a. of sum assured
Capital Guarantee
Possible depending on age of insured and policy term. Upon maturity. Yes, from the time the Yearly Income payout starts or
earlier, depending on the duration of your premium payment period.
Return @4.25% illustrated Rate of Return for a 45 Year Old Male1
End of:

Year 20: 3.41% p.a.

Year 30: 3.54% p.a.

Year 40: 3.74% p.a.
End of:

Year 20: 2.60% p.a.

Year 30: 2.13% p.a.

Year 40: 3.10% p.a.
End of:

Year 20: 1.55% p.a.

Year 30: 2.89% p.a.

Year 40: 3.40% p.a.
Year that Surrender Value equals Premium Paid @4.25% illustrated Rate of Return
End of Year 20 End of Year 11 End of Year 8
Brochure Brochure Brochure

Get a Quote

 

Exclusive InsureDIY Promotion

You can now also use your existing DIY$ to get cash rebates with a 25% boost up on your points!

Redeemable Cash Rebate
DIY$8 $10
DIY$40 $50
DIY$80 $100

 

 

Highest Upfront Commission Rebate in Singapore!


When you purchase via InsureDIY, we rebate to you up to 55% of the basic commissions for the first year in cash. This is on top of any promotions offered by the insurers at that time.

This limited time promotion applies to:
Qualifying Plans Insurer's Promotions Criteria
China Taiping's i-Assure Moneyback

China Taiping's i-Assure Moneyback (CI)
20% off 1st Year Annual Premium Yearly premium mode only
China Taiping’s Infinite Harvest III S$388 Apply to every policy incepted
NTUC Income’s Star Secure Up to 5% discount on 1st Year Premium Depends on payment terms:
5 Years = 1% | 10 Years = 5%
Aviva’s MyWholeLife IV N/A N/A
China Taiping’s i-Secure II S$128 Yearly premium mode only,
with minimum S$1,800 p.a.
Aviva’s MyLifeIncome III Up to 5% Annualised Premium Cashback Depends on minimum premiums, starting from S$15,000

NTUC Income's Gro Retire Flex

Up to $1,200 CapitaVouchers Depends on minimum monthly premium and policy term


Promotion till 31 Oct 2021 only.

If you have a life insurance plan in mind that is not in the list above, it may also be eligible for the 55% commission rebate promo. Just drop us an email at sg_service@insurediy.com to check. 

*Applicable to selected insurance policies only applied via InsureDIY. Excluding policies (not all-inclusive): Short-Term Endowment Policies, Integrated Shield Plans, Careshield Life/Eldershield Supplements and FWD Term Insurance. Insurer's promotions are subject to their validity period and T&Cs. In case of any dispute, InsureDIY reserves the right to make the final decision on our own promotion and the Insurer reserves the right to make the final decision on their promotion. InsureDIY reserves the right to change the Terms and Conditions without any notice.

EMAIL US

 

Not ready to get a quote? Reserve our current promotion by registering above!

 


Here are some common questions about 

NTUC Income's Gro Saver Flex, Gro Retire Flec & Aviva's MyLifeIncome II 

1. How is Gro Saver Flex, Gro Retire Flex and MyLifeIncome II different to stock, exchange-traded funds (ETFs) and real estate investment trusts (REITs)?

Gro Saver Flex and MyLifeIncome II are insurance products and offer some level of guarantees. MyLifeIncome II provides a capital guarantee from the time the Yearly Income payout starts or earlier, depending on the duration of your premium payment period. This is unlike stocks, ETFs and REITs where your capital can be wiped out by market movements. On top of the guaranteed returns, Gro Saver Flex and MyLifeIncome II provide additional non-guaranteed returns. 

 

2. When can I start withdrawing from my SRS account without penalty?
 
You can make withdrawals after the statutory retirement age based on when your first SRS contribution was made.

 

3. What does the 50% tax concession mean?

After your retirement age, you can start withdrawing from your SRS account for a period of 10 years. Only 50% of the funds withdrawn are subject to income tax. As income up to $20,000 attract no income tax in Singapore, you can withdraw up to $40,000 SRS funds ($20,000 x 2) per year without having to pay any tax. This means that you can withdraw up to $400,000 tax-free over 10 years!

 

* Up to 55% of the basic commission for first year. This is also applicable to selected life insurance products purchasing via InsureDIY, please refer to the promotional banner on our product pages or email to sg_service@insurediy.com for enquiries. T&Cs apply. The promotion is valid till 31 October 2021.

** Gro Saver Flex and MyLifeIncome II are not classified as a life annuity. So the 50% tax concession after 10 years will not apply. However, if your withdrawals (and other income) continue to be below the lowest income tax bracket, you will enjoy withdrawals tax free.

1 The returns include non-guaranteed benefits and are based on the illustration rate of 4.25% p.a.. The returns will ultimately depend on your own age/gender/product premium and benefit term profile. The rates shown above are meant to be illustrative. Please request for a quote by filling in the online form for your personal quotation. The return of 3.74% p.a. is the 40 year return on Gro Saver Flex.

InsureDIY is a Broker licensed by the Monetary Authority of Singapore and is an Exempt Financial Adviser. This advertisement has not been reviewed by the Monetary Authority of Singapore.