Apply to effect changes to your RetireSavvy plan – Defer Retirement Age, Change Income Payout Period, Change Retirement Income Rate or Premium Top Up.
If you own the RetireSavvy plan (distributed by DBS), you have the flexibility to
For Defer Retirement Age, Change Income Payout Period, Change Retirement Income Rate
Completed Change of Flexible Options - RetireSavvy Form
Note: This must be made at least 2 years before reaching your selected retirement age.
For Premium Top Up
1. Completed Change of Flexible Options - RetireSavvy Form*
*Upon processing of form, we will email you the Policy Illustration (PI), together with payment instructions
2. Signed PI
3. Payment for Top Up
Note: This can be performed any time 1 year after policy inception and up to 5 years before reaching your selected retirement age.
What are the eligibility criteria for effecting the transactions?
Premium Top Up
Defer Retirement Age, Change Income Payout Period, Change Retirement Income Rate
The request must be made at least 2 years before reaching your selected retirement age.
For Defer Retirement Age, it can only be changed to a “later” (deferred) retirement age but not to an earlier retirement age.
When will my request take effect?
There is a two-step process to effect Premium Top Up.
For the other transactions (Defer Retirement Age, Change Income Payout Period, Change Retirement Income Rate), we will take about 3 working days to effect upon receipt of the completed form.
How do I submit the completed form?
You may submit to us through any of the following modes:
Who will need to sign the form to activate the change?
For non-trust policies, the Assignee or Policyowner must sign the form.
For a Trust policy under S49L, either of the following parties must sign the form:
Apply to increase of decrease your premium.
Apply to increase or decrease your sum insured.
Make changes to your standing instruction for recurring single premium (RSP) investments.
Apply to change the frequency of your premium payment.
Apply to change your payment method from GIRO to Direct Billing or vice versa.
Apply to make changes to your rider or supplementary benefit.
Apply to appoint or change the Secondary Life Insured of your policy.
Update your policy with your change of occupation.
Apply to use your policy's cash value to convert the policy to a reduced paid-up policy.
Request for a change of servicing representative.
Apply to reinstate a policy after it has lapsed.
Notify Manulife when you have made a will or a change to an existing will.
Apply to surrender or withdraw a policy in full or partially.