Life Insurance Corporation's Secure Growth 2

LIC's Secure Growth 2
1.21%pa Guaranteed Return,
Capital Guaranteed
Returns are higher
than SSB & Fixed Deposits!

 

APPLY NOW
LIC Singapore logo
Life Insurance Corporation's Secure Growth 2
Single Premium Amount(*)
Invalid Input

This is the single premium amount that you will invest into this plan.

This policy can be paid by cheque or cashier's order only. The cheque or cashier's order must be made payable to “Life Insurance Corporation (Singapore) Pte Ltd”.
Pay by:(*)
Invalid Input

Name of Bank
Invalid Input

From which premiums are paid

 
About You
Name as in NRIC(*)
Invalid Input

NRIC Number
Invalid Input

Gender
Invalid Input

Date of Birth
Invalid Input

Resident Status
Invalid Input

Nationality
Invalid Input

Country of Birth
Invalid Input

Marital Status(*)
Invalid Input

Are you a smoker?(*)

Invalid Input

Please provide details:
Invalid Input

 
Height (cm)
Invalid Input

Weight (kg)
Invalid Input

Have you have had an insurance application/policy loaded with extra premium, withdrawn, deferred, declined or accepted with modified terms?
Invalid Input

Please provide details:
Invalid Input

Do you consume alcoholic beverages?
Invalid Input

Please provide details:
Invalid Input

I am generally healthy and am not receiving any ongoing treatment for any condition.
Invalid Input

Please provide details of your health condition:
Invalid Input

Have you had an electrocardiogram, X-Ray, or Screening, blood urine or stool examination in the last two years?
Invalid Input

Please provide details of your medical examination:
Invalid Input

 
Name of Employer(*)
Invalid Input

Address of Employer(*)
Invalid Input

Occupation(*)
Invalid Input

Nature of Work(*)
Invalid Input

Nature of Business(*)
Invalid Input

Annual Income S$(*)
Invalid Input

Employment Status(*)

Invalid Input

Upload Picture of NRIC - Front(*)
Invalid Input

Upload Picture of NRIC - Back(*)
Invalid Input

 
Source of Funds
Source of Funds to Pay Premiums(*)

Invalid Input

How did you accumulate your wealth?(*)

Invalid Input

Are you the Payor for this policy?(*)
Invalid Input

Name of Payor
Invalid Input

How is the Payor related to you?
Invalid Input

NRIC Number. of Payor
Invalid Input

Handphone Number of Payor
Invalid Input

Upload Picture Payor's NRIC - Front
Invalid Input

Upload Picture Payor's NRIC - Back
Invalid Input

Reason for Third Party Payment
Invalid Input

Please upload documentary evidence of relationship
Invalid Input

e.g. Birth certificate for parent-child relationship, marriage certificate for spouse.

Payor's Source of Funds to Pay Premiums(*)

Invalid Input

How did the Payor accumulate wealth?(*)

Invalid Input

 
Contact Details
Email(*)
Please specify your email address.

Handphone No.(*)
Invalid Input

Residential Address
Invalid Input

Postal Code
Invalid Input

 
Declarations
I confirm that I am solely a tax resident of Singapore and do not have a foreign tax residency. My Singapore TIN is my NRIC or FIN. I am not currently residing outside Singapore and have not resided outside Singapore for 5 or more years. For PRs: I have been residing in Singapore for 183 days or more in the last 12 months preceding the date of this application.
I am not a Politically Exposed Person (PEP).
I am not currently applying for any other Life Insurance policies and I do not intend to replace any of my existing policies with this policy. I do not take any habit forming drugs.
I am not currently pregnant and did not have any pregnancy complication for any pregnancy in the last 5 years.
I would not like my dependant(s) to be taken into consideration for the needs analysis and recommendation(s).
I wish to receive product advice only and do not need my other insurance plans to be considered for needs analysis.
My financial priority is short-term savings. I prefer fixed income, capital guaranteed products. The return is within my expectations.
I tend to be conservative and would sell my investments to preserve cash in a short-term decline and I am uncomfortable with any loss of capital.
Capital preservation is my priority and my investment time frame is up to 3 years.
There are no events that will affect my financial condition in the next 12 months.
Declarations(*)
Invalid Input

 
Where did you hear about us?
Where did you hear about us?

Invalid Input

Enter your friend's Referral Code or email address
Invalid Input

Key features for
Life Insurance Corporation's Secure Growth 2

 

Guaranteed Returns


Guaranteed 
Returns of 
1.21% p.a..

Capital Guaranteed


Capital
Guaranteed & Covered by SDIC

5 year term


3-Year Term

InsureDIY Capital Plus Promotions


Limited Tranche

InsureDIY Online Application


Online
Application
through
InsureDIY



LIC Singapore logo

Why Apply for
Life Insurance Corporation's
Secure Growth 2

 

Life Insurance Corporation is the largest state-owned insurer in India. Life Insurance Corporation (Singapore), its Singapore MAS-licensed subsdiary has launched Secure Growth 2, a 3-Year single premium product that give you a guaranteed return and is capital guaranteed.

 

The guaranteed return of 1.21% p.a. (compounded, 1.22% simple) is higher than the Singapore Savings Bond 3-Year yield of 0.37%p.a. and current fixed deposit rates of 0.8%p.a. - 1.15%p.a.. Wealth Plus V is covered by the Policy Owners’ Protection Scheme (PPF) run by the SDIC.

 

InsureDIY is the only adviser platform offering Life Insurance Corporation's Secure Growth 2 with an online process. We are an online financial adviser licensed by MAS and we are an approved adviser by the Life Insurance Corporation.  

 

 

Referral Program

Secure Growth 2 is eligible for the Refer a Friend program. Refer your friends and family for Secure Growth 2 and get DIY$10 for each referral.

 

DIY$ can be exchanged for vouchers including InsureDIY vouchers, NTUC Fairprice and Cold Storage vouchers. Check out our rewards catalogue here.

 

 

Referral Reward
DIY$10 each

 

 

* Only applicable if your friend has not bought any insurance policy through InsureDIY before. DIY$ will only be awarded after your friend's free-look period.

LIC Singapore logo

 

Life Insurance Corporation's Secure Growth 2
Product Illustration
(Open for application)

LIC's Secure Growth 2 is a 3-year single premium plan that provides a guaranteed return of 1.21% p.a. compunded (1.22% simple). The return is higher than the 0.37% p.a. returns provided by Singapore Savings Bonds and fixed deposit rates of 0.8% - 1.15% p.a..

 

In addition to the guaranteed return at the end of 3 years, LIC's Secure Growth 2 also includes an additional Death benefit cover of the Single Premium plus simple interest. 

 

LIC's Secure Growth 2 Product Illustration

 

 

Policy Secure Growth 2
Policy Term 3 Years
Guaranteed Interest 1.21% Per Annum compounded, 1.22% simple
Premium Sizes at & above : $100,000

 

 

End of Policy Year Basic Premiums
Paid to Date (S$)
Death Benefit Surrender Value
Guaranteed(S$) Guaranteed(S$)
1 100,000 101,220 80,000
2 100,000 102,440 90,000
3 100,000 103,660 95,000
3 100,000 Maturity Value
Guaranteed(S$)
103,660

 

 

Other open tranches

Current Singapore Savings Bond Rate: 0.37% p.a., fixed deposit rates: 0.8% p.a. - 1.15% p.a.

Product Indicative Yield Register for these Products here:

Fixed Maturity Fund

4-Year plan

3.3%-3.4% p.a. APPLY NOW

 

Here are some common questions
about Life Insurance Corporation's Secure Growth 2

1. What is the minimum and maximum premium size for Secure Growth 2 ? 

 

The minimum premium size for Life Insurance Corporation's Secure Growth 2 is S$50,000 to apply through InsureDIY. The returns on smaller premium sizes are less attractive, so we have not offered this option. The maximum single premium per insured is $150,000.

 

3. What are the minimum and maximum ages for LIC's Secure Growth 2 ?

 

Insureds from ages 18 to 70 can apply for Secure Growth 2 .

 

3. Is LIC's Secure Growth 2  covered by SDIC?

 

Yes, Secure Growth 2 is covered under the Policy Owners’ Protection Scheme run by SDIC. The maximum cover is S$500,000 for death claims and S$100,000 for surrender value per life assured per insurer. 

 

 

 

 

InsureDIY is an online financial adviser licensed by Monetary Authority of Singapore and we are an approved adviser by our panel of insurance companies. This advertisement has not been reviewed by the Monetary Authority of Singapore.