Manulife GrowSecure
About this plan
Manulife GrowSecure is a wealth accumulation plan designed to help you build funds over time while protecting your loved ones. This capital guaranteed insurance savings plan provides 100% capital return at policy maturity, while offering protection against death and terminal illness. It also waives future premiums upon diagnosis of total and permanent disability and provides additional accidental death payout for added protection.
Why should you get it?
When it comes to securing your future, every step matters. That's every day better for you.
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Flexibility Premium freeze¹
In times of need, put your premium payment on hold while your policy continues
Premium term options
Choice of 3 premium payment terms: 5, 8 or 10 years
Policy term options
Choice of 2 policy terms: 16 or 18 years
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Capital guaranteed at policy maturity² Get 100% of your capital return upon policy maturity
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Waiver of future premiums³ Get your premiums waived upon Total and Permanent Disability (TPD) during your premium payment term, or before the age of 70 of the life insured while your policy continues
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Coverage³ Be covered against death and terminal illness
Receive an additional payout of 50% of total premiums paid to date in the event of accidental death4 of the life insured before the age of 80
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Easy application with no health check-up Guaranteed acceptance with no health questions asked
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Change of Life Insured (COL)5 Option to change the life insured5 during the course of your policy. Applicable to both corporate and individual policies
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Optional add-ons Get additional protection with optional supplementary benefits
Learn more about Manulife GrowSecure
Follow these simple steps to understand how Manulife GrowSecure helps you build funds while staying protected:
Step 1: Choose a plan that suits your goals
Select your preferred premium payment term of 5, 8 or 10 years, and a policy term of 16 or 18 years.
Step 2: Build your savings over time
Pay your premiums over your selected payment term. Your policy starts accumulating value through a combination of guaranteed and non-guaranteed benefits, helping your savings grow towards your future goals.
Step 3: Stay protected along the way
Your plan provides coverage against death and terminal illness. It also includes an additional payout for accidental death before age 80 and waiver of future premiums upon Total and Permanent Disability (TPD), subject to policy terms.
Step 4: Receive your maturity benefit
At the end of the policy term, receive your maturity benefit, comprising 100% return of capital (guaranteed) and any non-guaranteed bonuses declared under the policy.
Step 5: Enjoy flexibility when needs change
During the policy term, you can access features such as the Premium Freeze Option and Change of Life Insured Option to support changing needs.
This wealth accumulation insurance plan may be suitable for you if you are:
Planning for future milestones: You want to build funds for goals like upgrading your home or other financial needs.
Seeking capital protection: You prefer a plan that returns 100% capital at policy maturity while helping you reach your financial goals.
Looking for greater flexibility and choice: You want the freedom to select premium payment and policy terms that best reflect your goals, timeline and how you plan to grow and use your wealth.
Wanting protection alongside savings: You want a wealth accumulation plan with guaranteed payout that provides coverage against death and terminal illness.
Preparing for changing circumstances: You value flexibility with features like premium freeze and the option to change the life insured during the policy term.
Frequently asked questions
Life plans and financial priorities may change. The Premium Freeze feature gives you added flexibility by allowing you to put premium payments on hold while keeping your policy in force, subject to Manulife's approval. It is available after your policy has been in force for 2 policy years with 2 full annual premium payments.
As your family or wealth planning needs evolve, the Change of Life Insured feature provides the flexibility to transfer coverage to another individual without starting a new policy, subject to Manulife's approval. For individual policies, this option is available after 2 policy years and may be exercised up to 2 times. For corporate policies, changes can be requested an unlimited number of times during the policy term.
Yes. Manulife GrowSecure guarantees 100% of your capital return upon policy maturity, provided the policy has not been altered and remains subject to the applicable terms and conditions.
Terms and conditions apply. Please refer to the Product Summary for more information about this insurance plan.
- Provided the policy has been in force for 2 policy years with 2 full annual premium payments and is subject to approval by Manulife.
- Not applicable to policies that have been altered.
- Please refer to the Product Summary and Policy Contract for more details.
- If there is a reduction in the sum insured, the total premiums paid to date used for the accidental death benefit calculation will be based on the reduced sum insured from the start of the policy.
- After 2 policy years, the Policy Owner may request to change the life insured up to 2 times during the policy term for individual policies and an unlimited number of times for corporate policies. Please refer to the Product Summary for more information. Subject to acceptance by Manulife.
Manulife GrowSecure 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. 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 (opens in a new tab) 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 Distributors before making a commitment to purchase a policy.
Information is correct as of 23 January 2022.