Why choose FWD Invest First Summit?
FWD Invest First Summit is a regular premium investment-linked plan designed to offer attractive bonuses, capped charges and multiple flexibilities.
Attractive bonuses
Capped charges
Multiple flexibilities
Product highlights
Accelerate your investment growth with attractive bonuses
Get a head start with attractive Booster Bonus of up to a total of 165% of Annualised Regular Premium over the first 3 years of Regular Premium payment.
Get rewarded early with Loyalty Bonus of up to 1.5% per annum (p.a.) of your accumulation units account (AUA) value from the 4th Policy Year onwards and throughout your Premium Payment Term.
Keep growing your investment with Perpetual Bonus of 1% p.a. of AUA value after the Premium Payment Term and throughout the rest of your Policy Term.
Capped charges to optimise your investment returns
Our dynamic charging structure helps optimise your investment returns in different market environments throughout the Policy Term.
The charge imposed on AUA is based on the lower of 1.5% p.a. of the AUA value or 0.7% p.a. of the total Regular Premium (RP) committed at the Effective Date.
The accumulation account charge is expected to be proportionate to the AUA value when this value is low. As the AUA value grows with Unit accumulation and rising market performance, we optimise your returns by capping the amount of accumulation account charge to a percentage of the total Regular Premium committed at the Effective Date such that the overall policy charge per dollar of Policy Value reduces as the Policy grows over time.
Multiple flexibilities to adapt to your life’s evolving needs
When needs arise, you can have the option to take a break3, make adjustments to your premium contributions4 and enjoy the flexibility of penalty-free withdrawals5 to reduce the demand on your finances.
We will also waive off charges6 associated with premium reduction and/or non-payment of premiums in the event you are made redundant or diagnosed with Terminal Illness or Total and Permanent Disability.
Option to generate a stream of passive income through dividend payouts
Exclusive opportunity to invest with renowned fund managers, providing you access to a wide range of asset classes covering all key markets in the world, including dividend paying funds which allow you to reinvest for growth or withdraw as a source stream of passive income7.
Manage portfolio risk easily with our complimentary auto-rebalancing option
By opting into our auto-rebalancing service, we’ll track and monitor your investment portfolio to make adjustments based on your predefined fund allocation without you lifting a finger.
Our financial advisory partners
FWD Invest First Summit is underwritten by FWD Singapore Pte. Ltd. (FWD), [Reg. No. 200501737H], and is only available through our authorised distributors. There are certain conditions such as pre-existing conditions and exclusions, whereby no benefits will be payable. If you aren’t completely satisfied with your Policy, and you haven’t made a claim under it, you have 14 calendar days from the date you receive your Policy to cancel it. Please refer to the Policy contract for more details on the product benefits.
- Terms and conditions apply to each bonus. Please refer to the Policy contract for more details.
- This refers to the accumulation account charge only. Please refer to the Policy contract for more details on the calculation of accumulation account charge and other applicable charges.
- Premium shortfall charge applies when regular premiums remain unpaid continuously for 24 months during the Premium Payment Term. Additionally, we will continue to deduct the other applicable fees and charges. If your Policy Value drops below S$1 (or equivalent in your Policy Currency) or your Policy Value is insufficient to pay for the fees and charges (including any outstanding amount) due under the Policy, your Policy will lapse.
- Premium reduction charge applies during the applicable premium reduction charge period. Please refer to the Policy contract for more details.
- The amount you wish to withdraw will need to meet our minimum account value and minimum withdrawal requirements.
- Premium shortfall charge and/or premium reduction charge will be waived, subject to terms and conditions. Please refer to the Policy contract for more details.
- During the Premium Payment Term, only dividends from the accumulation units account will be paid. Dividends from the initial units account will automatically be reinvested into the initial units account. After the Premium Payment Term, dividends from the initial units account and accumulation units account will be paid. Dividend cash-out option is only applicable for non-corporate policies denominated in SGD currency. For policies denominated in non-SGD currency, reinvestment of dividends is the only option for dividend distribution.
This website contains only general information, and does not have any regard to the specific investment objectives, financial situation and the particular needs of any specific person. All insurance applications are subject to FWD’s underwriting and acceptance. This does not constitute an offer to buy or sell an insurance product or service. Please refer to the exact terms and conditions, specific details and exclusions applicable in the policy documents that can be obtained from our authorised product distributor. You may wish to seek advice from a financial adviser representative for a financial analysis before purchasing a policy suitable to meet your needs.
FWD Invest First Summit is an investment-linked plan (ILP), which invests in ILP sub-fund(s). Investments in this plan are subject to investment risks including the possible loss of the principal amount invested. The performance of the ILP sub-fund(s) is not guaranteed and the value of the Units in the ILP sub-fund(s) and the income accruing to the Units, if any, may fall or rise. Past performance is not necessarily indicative of the future performance of the ILP sub-fund(s).
As buying a life insurance policy is a long-term commitment, an early termination of the Policy usually involves high costs and the Surrender Value, if any, that is payable to you may be zero or less than the total premiums paid.
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 General Insurance Association of Singapore (GIA)/Life Insurance Association (LIA) websites (www.gia.org.sg) / (www.lia.org.sg) or SDIC websites (www.sdic.org.sg).
This advertisement has not been reviewed by the Monetary Authority of Singapore.
Information is correct as at 6 September 2024.
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