Singapore Annuity

Product Summary - Annuity (a.k.a lifetime income 2004)

1. Plan Description
The Lifetime Income 2004 is a deferred annuity plan which provides monthly income to the annuitant from the annuitant¡¯s 60th or 62nd
birthday, for as long as he/she is alive.

2. Benefits
2.1 Death Benefit
In the event of the annuitant's death within the deferred period (i.e. before the monthly annuity payments commence), the purchase price
will be refunded with interest compounded at 0.75% per annum to the proper claimant.
After the deferred period, the purchase price with interest accumulated at 0.75% per annum up to the monthly income commencement
date of monthly annuity payment less any annuity payments already made will be paid to the proper claimant.
2.2 Surrender Benefit
If the annuity is withdrawn within the deferred period, the purchase price with interest accumulated at 0.75% per annum less
administrative fee of $ 95 will be refunded. The company must be notified 6 months prior to surrender date.
After the commencement of annuity payment, a surrender of policy is not allowed.

Note: This summary is meant for general information only. It does not serve as an insurance contract. The precise terms and
conditions of this insurance plan are specified in the policy.