Manulife SmartRetire (V)

Yes. With Manulife SmartRetire (V), you can choose your retirement age when applying for the policy. Available options are ages 40, 45, 50, 55, 60, 65, or 70. You can also select your retirement income to receive during your chosen retirement period.

You can choose your preferred retirement period of 10, 15, 20, 25, or 30 years. Your selected retirement income will be payable monthly from your retirement age until the end of your chosen retirement period, provided there is sufficient account value.

Yes. You may make top-up premiums during the policy term, subject to Manulife’s approval and the maximum entry age allowed at the point of application. Each top-up premium must be at least S$2,500. The top-up can be made up to 10 funds at a time with a minimum of 10% per fund.

Yes. You may request to increase or decrease your regular basic premium from the Flexi start date, subject to the minimum and maximum basic premium amounts of the respective plans. The Flexi start date depends on your selected Minimum Investment Period.

Your retirement income is paid monthly on the policy monthiversary, starting from your selected retirement age until the end of the retirement period, provided there is sufficient account value. The payment is made by selling units invested in the funds.

Terms and conditions apply. Please refer to the Product Summary for specific definitions.

1. Applies to the Minimum Investment Period 12 Years Flexi 8 plans.

2. Coverage for the death of the life insured is up to age 99. Coverage for the waiver of premium benefit on TPD is up to the flexi start date and the policy owner's age of 70.

3. The welcome bonus will be credited into your account in the first 12 months upon receipt of each regular basic premium payment in the form of additional units. Yearly Loyalty Bonus will be paid starting from the next policy anniversary immediately after the end of the Minimum Investment Period and every subsequent year until the end of the policy term in the form of additional units.

4. If there is no claim made on death or waiver of premium benefit on TPD before the Target Retirement Age, the cost of insurance charged on basic benefits will be refunded in a lump sum as additional units on the policy anniversary of the Target Retirement Age.

5. It is available for policies that invest in dividend-paying funds with the option to reinvest any selected dividends. Withdrawal of any reinvested dividend will impact the Loyalty Bonus.

Manulife SmartRetire (V) and its supplementary benefits are underwritten by Manulife (Singapore) Pte. Ltd. (Reg. No. 198002116D). This advertisement has not been reviewed by the Monetary Authority of Singapore. Buying a life insurance policy is a long-term commitment. There may be high costs involved if you terminate the policy early, and your policy's surrender value (if any) may be zero or less than the total premiums paid. Your investments are subject to investment risks, and you may lose the principal amount invested. The performance of the Manulife SmartRetire (V) Fund(s) is not guaranteed. The unit prices and any income accruing to it may fall as well as rise. The Fund Managers shall have the absolute discretion to determine whether a distribution is to be made in respect of the Manulife SmartRetire (V) Fund(s) as well as the rate and frequency of distributions to be made. The distribution yield for the Manulife SmartRetire (V) Fund(s) is not guaranteed, and the Fund Managers may review the distribution policy depending on prevailing market conditions. Distributions may be made out of income, net capital gains and/or capital. Past distribution yields and payments are not necessarily indicative of future distribution yields and payments. Any payment of distributions by the Manulife SmartRetire (V) Fund(s) may result in an immediate decrease in the net asset value per unit. You should read the prospectus and the product highlights sheet and seek financial advice before deciding whether to purchase units in the Manulife SmartRetire (V) Fund(s). A copy of the prospectus and the product highlights sheet can be obtained from a Manulife Financial Consultant or our Appointed Distributors. 

This brochure is for your information 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. You can find the full terms and conditions, details, and exclusions for the mentioned insurance product(s) in the policy contract. If there are any differences between the English and Chinese versions of this brochure, the English version will apply. 

This policy is 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 us or visit the LIA or SDIC websites (www.lia.org.sg or www.sdic.org.sg).

The information on this page is for general informational purposes only and does not constitute financial advice. 

We recommend that you seek advice from a Manulife Financial Consultant or our Appointed Distributor before making a commitment to purchase a policy. 

Information is correct as of 18 September 2022.