Gro capital Ease
Launching on 5 Oct 2022, 12 A.M.
Guaranteed Returns of 2.98% P.A.
Limited Tranche available, first-come-first-serve basis
Frequently asked questions
Income Gro Capital Ease
Gro Capital Ease (Capital Plus) is available for insured from ages 10 to 80 (age last birthday).
Foreigners who are applying for insurance must be residing, studying or working in Singapore at time of application. The additional documents to be submitted are as follows:
i. Copy of passport with proof of entry is a compulsory document for all foreigners
ii. Valid employment pass is needed for those who are working (minimum validity of 6 months prior to expiry)
iii. Student pass or dependant pass is required for those who are not working
iv. Documentary proof of residential address such as a copy of the utility bills, bank statement or letters issued by statutory or government bodies (dated within past 6 months)
* excludes sanctioned countries
Gro Capital Ease (Capital Plus) can be purchased via internet banking transfer, cheque or SRS funds.
If the payment is made by cheque, it must be made payable to “Income Insurance Limited”.
Internet banking options: E-payment link or via DBS/POSB Bill Payment -> Income Insurance Limited
Please refer to : https://www.income.com.sg/contact-us/premium-payment-methods
A successful submission of the Gro Capital Ease (Capital Plus) application does not guarantee that the customer’s Gro Capital Ease (Capital Plus) policy will be issued, since Gro Capital Ease (Capital Plus) is only available on a first-come-first-serve basis based on issuance, and will only be issued if the application is complete with no further requirements, we have received its premium and the tranche is not been met.
Income Insurance Limited have the right to terminate the policy if there is over-subscription for the tranche, and refund any premium paid, without interest.
Income Insurance Limited will refund any premium paid for Gro Capital Ease (Capital Plus), without interest.
Gro Capital Ease (Capital Plus) policy will be issued upon:
Approval of underwriting (if financial underwriting is required)
Receipt of premium payment for Gro Capital Ease (Capital Plus) subjected to Gro Capital Ease (Capital Plus) limited tranche submission.
There may be Gro Capital Ease (Capital Plus) policies which are issued and the policy documents are mailed out after tranche has already been met. This is due to monitoring being manually done and will be done on a best effort basis. Therefore, if the tranche was fully subscribed but policy documents have already been issued, the policy will be considered free-looked and letter will be sent to customer, cc Agent. Customer will be refunded the single premium, without interest.
As a licensed financial adviser, we are an authorized distributor for this product.
Simply fill in the form below and we’ll work with you on the application process.
This page Is published for general information only and does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person.
The information contained in this webpage, including any data, projections and underlying assumptions are based upon certain assumptions, and analysis of information available as at the date of the webpage.
Please refer to Important Info / disclaimer here.
Date: 4th Oct 2022