Please be informed that our Customer Service Centre and hotline will be closed on the following dates and times due to company events and festive days. Business will resume on the next business day after the respective dates listed below.
We apologise for any inconvenience this may cause.
1. On 20/12/2024 - Closed from 12:00 PM to 5:30 PM
2. On 24/12/2024 - Closed from 1:00 PM to 5:30 PM
3. On 31/12/2024 - Closed from 1:00 PM to 5:30 PM

Alert: Please be aware that scammers may be impersonating China Life Insurance (Singapore) to target you via phone calls, emails or SMSes. Please DO NOT transfer any funds to the other party’s bank account without verification. If you have received any suspicious communications, please contact us directly at Customer Care Hotline 6727 4800.

Please be informed that our Customer Service Centre and hotline will be closed on the following dates and times due to company events and festive days. Business will resume on the next business day after the respective dates listed below. We apologise for any inconvenience this may cause. 1. On 20/12/2024 - Closed from 12:00 PM to 5:30 PM 2. On 24/12/2024 - Closed from 1:00 PM to 5:30 PM 3. On 31/12/2024 - Closed from 1:00 PM to 5:30 PM                    Alert: Please be aware that scammers may be impersonating China Life Insurance (Singapore) to target you via phone calls, emails or SMSes. Please DO NOT transfer any funds to the other party’s bank account without verification. If you have received any suspicious communications, please contact us directly at Customer Care Hotline 6727 4800.                    
China Life Lifetime Income Plan

China Life Lifetime Income Plan

China Life Lifetime Income Plan is a participating whole life plan that enables you to save and receive a lifetime of yearly income1, as well as enjoy peace of mind with capital guarantee2 and coverage against premature death3 and terminal illness4. You can also secure your whole life plan against unforeseen circumstances by adding our riders to your plan today. With China Life, you can live your life to the fullest, knowing that China Life is always behind you for what’s ahead!

Product Features

 

Up To 5.7% Lifetime Yearly Income1

 

Capital Guarantee3

 

Flexible Premium Payment Term5

 

Hassle-Free Application

 

Inheritance for The Next Generation

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China Life Singapore has a trusted and experienced agency team to serve you and provide you a hybrid and customized financial solutions to fulfil your holistic financial needs in risk protection, retirement, wealth management, and legacy planning. Welcome to reach out to any one of our financial specialist consultants to understand the solutions that China Life Singapore can offer to you.
 
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1. For regular payment, the yearly income will be payable from the end of the accumulation period as long as the life insured is alive and while the policy is in force.
The yearly income comprises:

  1. guaranteed yearly income at 1.0% of the sum insured; and
  2. non-guaranteed yearly income (if any).

For single payment, the yearly income will be payable from the end of the 5th policy year as long as the life insured is alive and while the policy is in force.
The yearly income comprises:

  1. guaranteed yearly income at 0.8% of the sum insured; and
  2. non-guaranteed yearly income (if any).

For regular payment, the non-guaranteed yearly income rate of 4.7% of Sum Insured is derived from the participating fund earning the illustrated investment rate of return of 4.25% p.a. in the future. The non-guaranteed yearly income rate is 2.2% of Sum Insured if the illustrated investment rate of return is 3.00% p.a.. Therefore, the actual amount payable may vary according to the future performance of the participating fund.

For single payment, the non-guaranteed yearly income rate of 4.5% of Sum Insured is derived from the participating fund earning the illustrated investment rate of return of 4.25% p.a. in the future. The non-guaranteed yearly income rate is 2.2% of Sum Insured if the illustrated investment rate of return is 3.00% p.a.. Therefore, the actual amount payable may vary according to the future performance of the participating fund.

2. For premium term 5, 10, 15, 20 and 25, the capital guarantee, which is derived based on yearly premium payment mode, applies only at the end of the accumulation period or the end of:

  1. 10th policy year for policies with a 5 or 10-year premium payment term;
  2. 15th policy year for policies with a 15-year premium payment term;
  3. 20th policy year for policies with a 20-year premium payment term; or
  4. 25th policy year for policies with a 25-year premium payment term,

whichever is earlier; and if all yearly premiums due on the policy have been paid before the end of the grace period.

For single premium, the capital guarantee applies only at the end of 5th policy year. Capital guarantee applies to the basic plan only.

3. For premium term 5, 10, 15, 20 and 25, if the life insured dies while the plan is in force, we will pay the sum of:

  1. 101% of the total yearly premiums due to-date or the guaranteed cash value, whichever is higher;
  2. a non-guaranteed terminal bonus (if any);
  3. accumulated guaranteed yearly income and non-guaranteed yearly income (if any);and
  4. interest on the accumulated guaranteed yearly income and non-guaranteed yearly income (if any),

less amounts owing (if any), outstanding premium (if any) and future instalment premiums which are required to make up the full year’s premiums (if any).

For single premium, if the life insured dies while the plan is in force, we will pay the sum of:

  1. 101% of the single premium paid or the guaranteed cash value, whichever is higher;
  2. a non-guaranteed terminal bonus (if any);
  3. accumulated guaranteed yearly income and non-guaranteed yearly income (if any); and
  4. interest on the accumulated guaranteed yearly income and non-guaranteed yearly income (if any),

less any amounts owing (if any).

4. If the life insured is diagnosed with a terminal illness while the policy is in force, we will advance the death benefit.

5. The premium payment term other than single premium must be equal to or less than [70 less the life insured’s entry age].

6. SP version is available for a limited tranche only.

You should seek advice from a financial adviser representative before making a commitment to purchase the plan.

As buying a life insurance policy is a long-term commitment, an early termination of the policy usually involves high costs and the surrender value, if any, that is payable to you may be zero or less than the total premiums paid.

This marketing material is for reference only and does not consider your specific investment objectives, financial situation or needs. It is not a contract of insurance and is not intended as an offer or recommendation to purchase the plan. The specific details applicable to this insurance plan are set out in the policy contract. In case of discrepancy between the English and Mandarin versions, the English version shall prevail.

These policies are protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your 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 your insurer or visit the GIA/LIA or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).

This advertisement has not been reviewed by the Monetary Authority of Singapore. Information is correct as at 21 Dec 2022.