Manulife Singapore Launches New Investment-linked Plan to Help Customers Grow Wealth Faster
Manulife (Singapore) Pte. Ltd. has launched Manulink Enrich, a regular premium investment-linked plan designed to give customers a head-start in growing their wealth by investing 100% of the premium right from the beginning.
Customers will also enjoy an increase in the unit allocation rate after three years of regular premium payment to boost their investment, with 102% of premiums allocated to their selected investment-linked funds from the 4th to 6th year of premium payment and 105% from the 7th year onwards.
At the same time, Manulink Enrich offers three protection options for customers to personalise their coverage. For Options A and B, which cater to those who are interested in both protection and wealth accumulation, customers have the flexibility to increase their sum insured without the need for a medical check-up at three key life stage events: marriage, having a baby or adopting a child. Customers whose key objective is wealth accumulation can choose Option C, where no medical underwriting is required.
“Manulink Enrich helps you to grow your wealth while providing protection for your loved ones, making it an ideal choice if you are looking to do more with just one plan. By investing the full premium from the start, we put your money to work immediately and make it work harder for you,” said Naveed Irshad, President and CEO of Manulife Singapore.
Mr. Irshad added: “The recent Manulife Investor Sentiment Index revealed that more Singapore investors are planning to „invest‟ in cash than any other asset in the next six months, even though they expect average investment returns of 8.2% this year. Holding on to cash may not be the best use of one‟s money and we encourage investors to take advantage of other investment opportunities.”
Customers who invest through Manulink Enrich can choose from Manulife‟s wide selection of investment-linked funds that cater to different risk profiles and investment objectives. An example is the new Manulife Income Series – Global Asset Allocation Growth Fund, which adopts a dynamic asset allocation strategy with a global portfolio to help investors achieve diversification and manage downside risk. The fund also offers a potential regular income stream with a target payout of 7.2 cents (SGD) per unit per year or 0.6 cents (SGD) per unit per month.