Regular Endowment Plans

ReadyChoice – Endowment Life Insurance

A 10-year endowment plan that provides flexibility to help you meet your financial goals.

Product Details

With ReadyChoice, you can now enjoy greater flexibility to accumulate your savings. A special feature of this insurance plan is that you no longer have to pay your future premiums should you suffer Total and Permanent Disability (TPD). In addition, with yearly Fixed Cash Benefit (FCB) that is equal to your annual premium and payable starting from the end of the 2nd policy year until the policy year before maturity, this insurance plan gives you the flexibility to:

i) Enjoy extra cash on hand, or
ii) Accumulate1 more savings, or
iii) Use the FCB to offset2 your premiums from year 3 onwards!

Potential Goals:

    • Starting a family
    • Personal goals

Objective: To maximise saving

Jamie, age 40, non-smoker, is looking for ways to maximise her savings. She signed up for ReadyChoice and selected the option to use her yearly FCB to offset2 her annual premium from the 3rd to 10th policy year.

Unfortunately, Jamie suffers from Total and Permanent Disability during the 1st policy year.

From the 2nd policy year onwards, all her future premiums are waived. Jamie continues to receive the yearly FCB from the end of the 2nd policy year till the end of the 9th policy year and a Maturity Benefit3 of S$433,208 at the end of the policy term.

Sum insured2:S$200,000
Total premiums paid (For to 1st year):S$161,786
Total payout= FCB + Maturity Benefit3
= S$1,294,290 + S$433,208
= S$1,727,498 (based on projected rate of return of 4.75% p.a.)

How to Apply

  • For more information, visit any DBS Treasures centre or

    Contact me

1 You can accumulate the yearly Fixed Cash Benefit (FCB) with Manulife (Singapore) Pte. Ltd. (“Manulife”) at a non-guaranteed rate of 3% per annum (at the projected rate of return of 4.75% per annum). The interest rate is subject to change with 30 days’ advance notice to Policy Owner.
2 The default option is to offset annual premium payable from the 3rd to 10th policy year. You can write to Manulife should you want to change the option.
3 If the Life Insured survives at the end of the policy term and the policy has not ended, the Maturity Benefit will be paid in a lump sum as follows, less any amount owed to Manulife:

4 The Sum Insured does not represent the benefits payable on a claimed event. The Sum Insured is solely used to determine the Fixed Maturity Value and Reversionary Bonus.

Information is correct as at 17 April 2017.

Important notes

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