Realise your dreams and plan for retirement with stable returns
Simply Love Encore 3 is a participating insurance plan that provides you with guaranteed cash value, non-guaranteed Annual Dividends and non-guaranteed Terminal Dividend, all of which form your policy values.
The plan will provide guaranteed cash value, enabling you to accumulate wealth for future prosperity of you and your family. It also helps you prepare for your retirement years. In addition, we will provide you with non-guaranteed annual cash amounts called Annual Dividends on a yearly basis, which begin from the end of the 11th policy year. You may choose to receive the Annual Dividends in cash, or use them to reduce any premium due under this policy (for a policy other than a one-time premium payment policy). Otherwise, these sums shall accumulate in your policy, potentially earning interest.
Also, once the policy has been in force for 5 years (for a onetime premium payment policy) or 10 years (for a policy other than a one-time premium payment policy), we will provide you with a one-off non-guaranteed cash amount, called a Terminal Dividend if:
i. you surrender the policy; or
ii. the insured, who is the person protected under the policy, passes away.