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ManuEdu First
Because their success will mean more to you than your own.
ManuEdu First
At a Glance
Fixed returns and payouts at every learning stage
Flexibility in choosing payout age to align with your child’s educational milestones
Receive 2 additional yearly Fixed Cash Benefits (FCB) before Payout Age
You worked hard to become who you are today. And now you have the power to help pave the way for your child’s success. So you can focus on what you do best—nurturing success.
Features & Benefits
- Get back at least 100% of your total premiums paid1 over the policy term
- Enjoy fixed returns up to 1.43%2 per annum
- Pay premiums for only 10 years
- Choice of 2 Payout Ages at age 18 or 20 to align payouts with your child’s educational milestones
- Benefit from 2 additional yearly Fixed Cash Benefits (FCB), payable prior to the Payout Age
- Choose to:
- Receive 4 yearly FCB, payable from the Payout Age onwards or
- Accumulate the FCB at a non-guaranteed interest with Manulife to earn interest3
- Guaranteed issuance - No medical assessment is required
- Covers your child for Death4 and Terminal Illness (TI)4
How it Works
Mr. Koh, aged 35, bought the plans for his newborn children – Diane and Darren, with a Sum Insured5 of S$20,000 for each child. He pays the premiums yearly and chooses Payout Age 18 and 20 for Diane and Darren respectively which will likely align with their University Year 1 expenses.
| Diane's Age | % of Sum Insured5 | Darren's Age |
|---|---|---|
| 21 | POLICY MATURITY | 23 |
Mr. Koh can use the larger payouts to fund Diane and Darren's yearly University expenses. | ||
| 20 | 5th FCB (20%) = S$4,000 | 22 |
| 19 | 4th FCB (20%) = S$4,000 | 21 |
| 18 | 3rd FCB (40%) = S$8,000 | 20 |
Mr. Koh can use the first 2 payouts for any educational related expenses. For instance, a visit to an overseas campus. | ||
| 17 | 2nd FCB (5%) = S$1,000 | 17 |
| 16 | 1st FCB (5%) = S$1,000 | 16 |
| S$18,620 | Total Premiums6 paid over 10 years | S$17,780 |
| S$22,000 | Total FCB Received (A) | S$22,000 |
| S$8,834 | Projected7 bonuses at maturity (B) | S$10,687 |
Mr. Koh gifts ManuEdu First to Diane and Darren to mark their achievements. | ||
| S$30,834 | Projected Total Benefits8 (A+B) | S$32,687 |
Note: The figures above are for illustrative purpose only.
Premiums
With ManuEdu First, you only need to pay 10 years of fixed premiums. The earlier you start saving, the lower your monthly premiums! Here's an illustration of how affordable the premiums can be.
| Projected Total Benefits8 | Monthly Premiums | |||
|---|---|---|---|---|
| Newborn child | Child at entry age 5 | |||
| Payout Age 18 | Payout Age 20 | Payout Age 18 | Payout Age 20 | |
| S$50,000 | $260 | $234 | $316 | $295 |
| S$75,000 | $390 | $351 | $469 | $438 |
| S$100,000 | $513 | $462 | $625 | $583 |
Optional Riders
Protect yourself and your child
Your child’s education should continue, even if an unfortunate event happens to you. Adding these optional riders to your ManuEdu First plan will give you the added assurance.
Please see the Product Summary of the respective riders for details.
| Optional Rider | In the event of | Waiver of future premiums | Lump sum payment |
|---|---|---|---|
| Payor |
| Yes | Not Applicable |
| Cancer Care |
| Yes | Not Applicable |
| Level Term |
| No | 5X basic plan's |
How to Apply
Footnotes:
1Applicable only if the policy is without any optional rider and is held to maturity with no policy alterations (e.g.: reduced in Sum Insured and reduced paid-up).
2The fixed returns vary depending on the age, Sum Insured, policy term, premium payment frequency and payout age. The fixed returns of up to 1.43% per annum are only upon policy maturity. It is based on a newborn child, Payout Age 20 Age Last Birthday, Sum Insured of S$100,000, paying annual premium and receiving the yearly Fixed Cash Benefits (FCB).
3The current interest rate is 3% per annum. It is non-guaranteed and is subject to change by Manulife (Singapore) Pte. Ltd. ("Manulife") with 30 days’ advance notice to the Policy Owner
4 If the child (Life Insured) dies or is diagnosed with TI during the policy term, Manulife will pay the death benefit in a lump sum, less any amount owed to Manulife as follows:
6Based on a newborn child with respective Payout Age and without any optional rider. Figures are rounded up to the next dollar.
7Projected bonuses are based on 4.75% per annum investment rate of return. The bonus rates used for the benefit illustrated above are not guaranteed. The actual benefits payable may vary according to the future performance of the Participating Fund that this policy takes part in.
8Comprises guaranteed and non-guaranteed payouts and assuming the Policy Owner receives the yearly FCB.
Information is correct as at 1 January 2016.
1Applicable only if the policy is without any optional rider and is held to maturity with no policy alterations (e.g.: reduced in Sum Insured and reduced paid-up).
2The fixed returns vary depending on the age, Sum Insured, policy term, premium payment frequency and payout age. The fixed returns of up to 1.43% per annum are only upon policy maturity. It is based on a newborn child, Payout Age 20 Age Last Birthday, Sum Insured of S$100,000, paying annual premium and receiving the yearly Fixed Cash Benefits (FCB).
3The current interest rate is 3% per annum. It is non-guaranteed and is subject to change by Manulife (Singapore) Pte. Ltd. ("Manulife") with 30 days’ advance notice to the Policy Owner
4 If the child (Life Insured) dies or is diagnosed with TI during the policy term, Manulife will pay the death benefit in a lump sum, less any amount owed to Manulife as follows:
- Higher of [(101% of the total premiums paid on the basic plan, less any advance premiums and any Fixed Cash Benefit declared) or (the Fixed Surrender Value)]; and
- Accumulated Reversionary Bonus (if any); and
- Claim Bonus (if any); and
- FCB accumulated with Manulife with non-guaranteed interest (if any). Other terms and conditions apply. Please see the Product Summary and Contract for details.
6Based on a newborn child with respective Payout Age and without any optional rider. Figures are rounded up to the next dollar.
7Projected bonuses are based on 4.75% per annum investment rate of return. The bonus rates used for the benefit illustrated above are not guaranteed. The actual benefits payable may vary according to the future performance of the Participating Fund that this policy takes part in.
8Comprises guaranteed and non-guaranteed payouts and assuming the Policy Owner receives the yearly FCB.
Information is correct as at 1 January 2016.
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