Do you know? 68% of respondents in Singapore expressed concerns about the impact of inflation on their financial goals, according to Manulife Asia Care Survey 20231.
Uncertainty can throw you off-course in your pursuit of dreams, but Manulife is here to keep your dream safe.
How to grow your hard-earned savings, without risking it all?
Allocate your income to both savings and investment
Savings are essential to secure your financial future. Allocating 20% of your income to savings, until you have accumulated six months of your income that you can use as an emergency fund is recommended.
As an alternative to cash, consider a savings insurance plan that offers capital guaranteed2 at maturity. Or a whole-life savings plan that allows you to enjoy a stream of monthly income3 till age 120.
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After setting aside your emergency funds and savings plan, explore investment-linked plans with potentially higher returns to grow your wealth and manage inflation.
Protect your savings from inflation
Savings alone might not be enough to meet your future needs. The annual Inflation rate in Singapore was 5.1%4 in May 2023. Inflation remains high. What other savings options do you have if inflation rises? You may want to consider an investment-linked plan that could potentially yield higher returns to cope with inflation. Additionally, you can also look out for bonuses and rewards on selected solutions.
Learn more about our investment-linked plans
Invest according to your risk appetite
An investment-linked plan (ILP) allows you to invest in ILP fund(s) according to your risk tolerance and investment objective. Depending on your risk profile, your investment portfolio can be classified into three types depending on the proportion of risks – growth, balanced and conservative.
Actively manage the fund of your choice according to market conditions. Look for a plan that offers you free, unlimited fund switches during the investment period.
Learn more about our investment-linked plans
Dreams come in different shapes and sizes, as do our solutions. To secure your dreams, connect with our financial consultants today to find out how we can help you:
- identify your financial and protection gaps, and
- provide personalised financial advice to achieve your goals
Thank you for contacting Manulife Singapore!
Our Financial Consultant will be in touch with you soon.
Here are some links you might find useful.
You may be interested in:
Thank you for contacting Manulife Singapore!
Our Financial Consultant will be in touch with you soon.
Here are some links you might find useful.
Having other goals in life?
Important information
Terms and conditions apply, please refer to the respective Product Summaries and Policy Contracts for specific definitions.
Footnotes
1. Manulife Asia Care Survey, 2023 (https://www.manulife.com.sg/en/about-us/newsroom/singapore-respondents-hope-of-saving-for-retirement-stifled-by-more-immediate-financial-and-lifestyle-pressures.html)
2. Manulife Goal 2023 (II) - Not applicable to policies that have been altered.
3. Manulife IncomeGen - Lifetime monthly income consists of guaranteed and non-guaranteed monthly income. Guaranteed monthly income is equal to 0.81% of the sum insured divided by 12. Based on illustrated investment rate of return of 4.25% p.a., non-guaranteed monthly income is equal to 2.43% of the sum insured divided by 12, and based on illustrated investment rate of return of 3.00% p.a., non-guaranteed monthly income is equal to 1.17% of the sum insured divided by 12.
Important notes
These insurance products are underwritten by Manulife (Singapore) Pte. Ltd. (Reg. No. 198002116D). This advertisement has not been reviewed by the Monetary Authority of Singapore. Protected up to specified limits by SDIC. Buying a life insurance policy is a long-term commitment. There may be high costs involved if you terminate the policy early, and your policy's surrender value (if any) may be zero or less than the total premiums paid. Your investments are subject to investment risks, and you may lose the principal amount invested. The performance of the ILP fund(s) is not guaranteed. The value of the units in the ILP fund(s) and the accumulated income (if any) may fall or rise.
This website is for your information only and does not consider your specific investment objectives, financial situation or needs. It is not a contract of insurance and is not intended as an offer or recommendation to purchase the plan. You can find the full terms and conditions, details, and exclusions for the mentioned insurance product(s) in the policy contract.
This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the LIA or SDIC websites (www.lia.org.sg or www.sdic.org.sg).
We recommend that you seek advice from a Manulife Financial Consultant or our Appointed Distributors before making a commitment to purchase a policy.
Information is correct as of 21 July 2023.
