Other Benefits of REPs
High Capital Protection
REPs have been running for some years with accrued bonuses. Together with the basic sum assured, they will form a high capital guaranteed portion.
High Level of Compliance
Endowments are issued by MAS licensed insurers and governed under strict regulations by the authority. They are also covered under policyowners’ protection scheme by SDIC
Anyone can take up a REPs regardless of health status, age(at least 21 of age) and income. There are no requirements such as health checks or fact-finding.
Ease of Cash flow Planning
Premiums and maturity payout are known and fixed on certain dates
Exemption from Tax
Proceeds from insurance are not considered as income and free from tax.
No Hidden Charges
You only pay for the purchase price which is the initial sum and no other fees or on-going charges.
Accumulate and preserve your wealth in Singapore dollars which is a stable currency.