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Manulife SmartRetire (III) helps you achieve your retirement planning goals

No matter how unconventional they might be

Most conventional retirement savings plans are designed for those who want to take the tried-and-tested route of preparing for retirement, which involves saving money or at most channeling it into a participating fund.

Today, there are a multitude of life choices available. Some people choose to take a less conventional approach to retirement by making strategic financial choices early on in life and then retiring early.

Others take mini-retirements at various stages in life, or gradually shift their working lives to focus on activities that are meaningful to them rather than stopping work altogether.

An ILP that supports your retirement plans for the future

Investment-Linked Policies (ILPs) are often used as a tool to help one achieve financial goals. Manulife SmartRetire (III) is an ILP that is designed to put your hard earned savings to work, accumulating in wealth for the kind of retirement you envision.

One of the key strengths of ILPs is that they offer control over your investments and enable you to adjust your portfolio according to market performance. For instance, Manulife SmartRetire (III) gives you the freedom to opt for unlimited free fund switches throughout the policy term, enabling you to invest your premiums in a way that achieves your financial objectives more quickly.

Manulife SmartRetire (III) also offers insurance protection right from the start so you can protect your retirement dream, and the wealth you have accumulated. It is suitable for a wide range of alternative retirement aspirations, including early retirement.

Interested to find out more?

Your Early Retirement Package

Are you wondering if early retirement might be achievable for you? Here’s how Manulife SmartRetire (III) can help.

Manulife SmartRetire (III) enables you to select a retirement age as early as 40, which is ideal for those who wish to take a mid-career sabbatical or slow down their pace of life instead of stopping work indefinitely. You can choose from a range of retirement ages up to 70, making the ILP appropriate to support all the different definitions of retirement to different people, and what makes it meaningful for them.

Based on your retirement aspirations, you may prefer to receive your payouts either in a lump sum or a stream of income at your indicated retirement age. This can be selected at the start of the plan.

Start planning no matter how young you are with affordable premiums

Younger people dreaming of an early retirement or mini-retirement should start to plan as early as possible. But having insufficient funds to set aside for retirement is a common concern of those at an early stage in their careers.

Designed for early retirement planning

Manulife SmartRetire (III) is designed to be friendly on the pocket for people at a wide range of income levels, with a minimum monthly premium amount at just S$2001. This makes the plan a viable solution for younger investors who wish to start preparing for retirement early but may not have the budget to commit a large sum every month.

By starting your retirement preparations early, you are able to take advantage of a longer time horizon to grow your money through compounding returns, enabling even modest sums of money to go a long way.

Protect yourself at the same time

Manulife SmartRetire (III) offers protection2 for death, Total and Permanent Disability (TPD), and Waiver of Premium on Cancer (only for policy owner) over the course of the plan, and the protection value is bumped up to your total Target Retirement Amount after the Minimum Investment Period  until your selected retirement age to protect you while your wealth accumulates.

In the event if you are diagnosed with cancer during the Minimum Investment Period, 100% of the waived future basic premium will be invested into the prevailing Fund(s). This benefit serves to safeguard your retirement dream even if you have to channel your money towards recovery, so that the plan stays on course.

You can also opt to get additional protection with Loss of Independence benefit3 if you had chosen the Target Retirement Income option. This benefit pays an additional 50% of your Target Retirement Income (monthly) in the event of Loss of Independence where you require help on Activities of Daily Living (ADLs).

If your plan runs its course without any protection claims being made, the Cost of Insurancewill be refunded back into your policy to give a further boost to your investment.

To help you reach your financial goals faster, you receive a Welcome Bonus5 at policy inception as well as yearly Loyalty Bonuses5 after the Minimum Investment Period. These bonuses will be added to your account value to give you a boost on your journey to achieving your retirement goals.

There are now more ways than ever to enjoy a retirement that is true to your aspirations in life. With the help of Manulife SmartRetire (III), designing your own retirement, no matter how unconventional, can be a reality. Find out more about how to start planning for your dream retirement today.

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    Manulife SmartRetire (III) and its supplementary benefits are underwritten by Manulife (Singapore) Pte. Ltd. (Reg. No. 198002116D). This advertisement has not been reviewed by the Monetary Authority of Singapore. 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 Manulife SmartRetire (III) Fund(s) is not guaranteed. The unit prices and any income accruing to it may fall as well as rise. The Fund Managers shall have the absolute discretion to determine whether a distribution is to be made in respect of the Manulife SmartRetire (III) Fund(s) as well as the rate and frequency of distributions to be made. The intention of the Fund Managers to make the distribution and the distribution yield for the Manulife SmartRetire (III) Fund(s) is not guaranteed, and the Fund Managers may review the distribution policy depending on prevailing market conditions. Distributions may be made out of income, net capital gains and/or capital. Past distribution yields and payments are not necessarily indicative of future distribution yields and payments. Any payment of distributions by the Manulife SmartRetire (III) Fund(s) may result in an immediate decrease in the net asset value per unit. You should read the prospectus and the product highlights sheet and seek financial advice before deciding whether to purchase units in the Manulife SmartRetire (III) Fund(s). A copy of the prospectus and the product highlights sheet can be obtained from a Manulife Financial Consultant or its Appointed Distributors.


    This article 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. If there are any differences between the English and Chinese versions of this brochure, the English version will apply. 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 ( or


    We recommend that you seek advice from a Manulife Financial Consultant or its Appointed Distributors, or visit any DBS/POSB Branch before making a commitment to purchase a policy.


    Information is correct as of 23 August 2021.

    Content Sources

    1. Applies to plans with a MIP of 16 years.

    2. Terms and conditions apply. Please refer to Product Summary for specific definitions.

    3. Diagnosis of the Loss of Independence (LOI) must be confirmed and certified by a medical examiner. As long as the life insured meet the LOI definition during the target retirement period, Manulife will pay the LOI income that is equivalent to 50% of the target retirement income of the basic policy selected at inception.

    4. If the death and waiver of premium benefit on cancer are not claimed during Minimum Investment Period, the cost of insurance charged will be refunded in units during Accumulation Period over 5 policy years. If the death and TPD benefit are not claimed during Accumulation Period, the cost of insurance charged will be refunded in units during Retirement Period over 5 policy years.

    5. Welcome bonus will be credited into your account in the first 12 months upon receipt of each regular basic premium payment in the form of additional units. Yearly Loyalty Bonus will be paid starting from the next policy anniversary immediately after the end of Minimum Investment Period and every year thereafter until the end of the policy term in the form of additional units. Terms and Conditions apply. Please refer to Product Summary for specific definitions.

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