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 Supreme Plan

China Life Lifetime Income Supreme Plan

China Life Lifetime Income Supreme Plan is a participating whole life plan that is uniquely designed to help you enhance your wealth, enjoy a comfortable retirement, and leave a lasting legacy for generations to come.

Product Features

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Capital Guarantee1

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Up to 6.0% Lifetime Yearly Income2

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Be Covered for Death3 and Terminal Illness4

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Contingent Life Insured Option5

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Flexible Premium Payment Choices

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Hassle-Free Application

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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 single premium payment term, the capital guarantee applies only at the end of 5th policy year. For any other premium payment terms, the capital guarantee applies at the end of the selected premium payment term only if all yearly premiums due on the policy have been paid before the end of the Grace Period.

2. For regular payment, the yearly income will be payable from the end of the selected premium payment term, as long as the policy is in force and the life insured is alive.
The yearly income comprises of:

  1. guaranteed yearly income at 1.8% 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 of:

  1. guaranteed yearly income at 1.8% of the sum insured; and
  2. non-guaranteed yearly income (if any).

For regular payment, the non-guaranteed yearly income rate of 4.2% 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 2.0% 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 4.2% 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 2.0% 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.

3. For regular premium payment term: If the life insured dies while the policy is in force and no Contingent Life Insured(s) were appointed, or before the end of the premium payment term, 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 payment term: If the life insured dies while the policy is in force, and no Contingent Life Insured(s) were appointed, 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 (if any);

less amounts owing (if any).

4. For single premium payment term, if the life insured is diagnosed with a terminal illness while the policy is in force and no Contingent Life Insured(s) were appointed, we will advance the death benefit.

For regular premium payment term, if the life insured is diagnosed with a terminal illness while the policy is in force and no Contingent Life Insured(s) were appointed, or before the end of the premium payment term, we will advance the death benefit.

5. In the event of death of the current Life Insured or when the current Life Insured is diagnosed with terminal illness, the appointed primary Contingent Life Insured as stated in our records shall be the new life insured of this policy, subject to conditions.

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. Buying health insurance products that are not suitable for you may impact your ability to finance your future healthcare needs. Premiums for the riders are not guaranteed and may be adjusted based on future claims experience. Change of policyholder is done by assignment, subject to relevant administration procedures of our company.

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 22 Nov 2023.