At a Glance

Be covered against Death, Total and Permanent Disability and Terminal Illness


Offset future premiums from end of policy year 3 or 6 with Yearly Guaranteed Cash Benefits


Guaranteed acceptance with no health questions asked

Grow your savings for better returns in 12 years with SavvySpring (II). Start nurturing from S$2,381/year.


Features & Benefits

  • Shortened premium commitment period. Future premiums will be offset using your Yearly Guaranteed Cash Benefits1 from end of 3rd or 6th policy year.
  • Capital Guaranteed2 upon Maturity. Receive 100% of your capital back upon policy maturity.
  • Build your own plan. Get started with a minimum annual premium amount of SGD 2,381.
  • Easy application. Guaranteed acceptance with no health questions asked.
  • Comprehensive coverage. Be covered against Death, Total and Permanent Disability3 and Terminal Illness4.
  • Option to change life insured5 – Flexibility to change the life insured to your loved ones

Find out more about the features and exclusions of this policy.


How it Works


Eligibility Criteria

To apply for SavvySpring (II), you must be:

  • A Singapore Citizen or Singapore Permanent Resident (PR) who is currently residing and paying tax in Singapore only,
  • Aged between 18 to 60 years old (age as of last birthday),
  • A digibank user, and
  • You are applying for this policy for yourself.

Leap Towards Your Savings Goals with SavvySpring (II)


How to Apply for SavvySpring (II)

No wait, no hassle. Your details are pre-filled when you apply on digibank.

Apply now

Chat with our friendly Wealth Planning Managers now. (This chat service is available from 9am to 6pm on Mon to Fri, excluding Public Holidays.)

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When it comes to managing money, there’s no one-size-fits-all plan. That’s why we built DBS NAV Planner on DBS digibank: An intuitive digital tool that helps you track, protect and grow your money in a way that works for you. Not just for a day, a month or a year, but as you go through life. This is DBS digibanking.

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Protect yourself so that you don’t have to worry about unforeseen circumstances, while you deal with inflation. Interested to find out about other ways to cope with inflation?

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Get more Benefits

Earn bonus interest on your DBS Multiplier Account with all Manulife protection or endowment plans distributed by DBS. Find out more.

  • No minimum regular or single premium amount
  • Pay with cash or SRS^
  • Earn bonus interest for 12 months consecutively

^Selected policies only


Frequently Asked Questions

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.

No, the life insured covered must also be the policy owner.

Foreigners who are Singapore Permanent Residents (PR) currently residing and paying tax in Singapore only may apply.

Yes. You can purchase more than one policy. You should consider your financial commitments when deciding on the amount of premium for this plan.

As buying a life insurance policy is a long term commitment, an early surrender (before the policy maturity date) of the policy usually involves high costs and the surrender value that you receive may be less than your single premium paid. You may write in to to terminate your policy.

If you have further product-related enquiries, please email Manulife at If you are facing technical difficulties, you may explore our live chat service in DBS/POSB digibank online.

 Refer to the Frequently Asked Questions for more details.


1 Your Yearly Guaranteed Cash Benefit will be used to off-set the annual premium of the basic plan once the Yearly Guaranteed Cash Benefits are payable. Should you prefer to utilize your Yearly Guaranteed Cash Benefits in other ways, you may instruct us accordingly via a written notification after the policy has been issued. You may also choose to receive the Yearly Guaranteed Cash Benefits or accumulate them with Manulife at a non-guaranteed interest rate of 3.00% per annum (at the illustrated investment rate of return of 4.25% per annum) or 1.50% per annum (at the illustrated investment rate of return of 3.00% per annum).

2 Not applicable for policies which have been altered. For paid out and off-set premiums options, capital refers to the total premiums paid by policy owner less off the total Yearly Guaranteed Cash Benefits.

3 Total and Permanent Disability (TPD) benefit covers the life insured until the TPD expiry date. Please refer to product summary for more information on TPD expiry date.

4 Terminal Illness (TI) is defined as an illness, which in the opinion of a medical examiner and on agreement of our appointed medical examiner, is likely to lead to death within 12 months from the date of diagnosis. In the event of TI during the policy term, the Death Benefit will be advanced in a lump sum.

5 Please refer to the policy contract for more information.


The information herein is published by DBS Bank Ltd (“DBS Bank”) and is for general information only and should not be relied upon as financial advice. This publication may not be reproduced, or communicated to any other person without prior written permission. This website does not take into account the specific investment objectives, financial situation or needs of any particular person. Before entering into any transaction involving any product mentioned in this website, where applicable, you should seek advice from a financial adviser regarding its suitability for your own objectives and circumstances. If you choose not to do so, you should make an independent assessment and do your own due diligence on the product. This advertisement has not been reviewed by the Monetary Authority of Singapore. The website herein is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation.

In Collaboration with Manulife

SavvySpring (II) is issued and underwritten by Manulife (Singapore) Pte. Ltd. ("Manulife") (Reg. No. 198002116D) and distributed by DBS. It is not an obligation of, deposit in or guaranteed by DBS.

Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender values payable may be less than the total premiums paid.

This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (“SDIC”). Coverage for the policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact Manulife or visit the Life Insurance Association or SDIC websites ( or

Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$75,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

Information is correct as at 1 July 2021.

DBS Insurance Important Notes

Important Information

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