Alert: Please be aware that scammers may be impersonating China Life Insurance (Singapore) to target you via phone calls, emails or SMSes. Please DO NOT transfer any funds to the other party’s bank account without verification. If you have received any suspicious communications, please contact us directly at Customer Care Hotline 6727 4800.

Alert: Please be aware that scammers may be impersonating China Life Insurance (Singapore) to target you via phone calls, emails or SMSes. Please DO NOT transfer any funds to the other party’s bank account without verification. If you have received any suspicious communications, please contact us directly at Customer Care Hotline 6727 4800.                    
China Life Lifetime Income Plan

China Life Lifetime Income Plan

China Life Lifetime Income is a participating whole life insurance plan that is simple to start and designed for your long-term financial security. With flexible premium payment terms3, it offers a lifetime of yearly income1, along with capital guarantee2 and protection against death4 and terminal illness5. You may also enhance your coverage by adding optional riders for greater peace of mind.

Start early, plan smart – China Life is here to support your journey ahead.

Product Features

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Up To 6.0% Lifetime Yearly Income1

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100% Capital Guarantee2

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Flexible Premium Payment Term Commitment3

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Hassle-Free Application

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Protection for Life’s Uncertainties

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1. The yearly income will be payable from the end of the accumulation period as long as the life insured is alive and while the policy is in force. It consists of:

  1. guaranteed yearly income at 1.8% of the sum insured; and
  2. non-guaranteed yearly income (if any).

The non-guaranteed yearly income rate of 4.20% of the sum insured is derived from the participating fund earning the Illustrated Investment Rate of Return (IIRR) of 4.25% p.a. in the future. The non-guaranteed yearly income rate is 1.68% of the sum insured if the IIRR is 3.00% p.a.. Therefore, the actual amount payable may vary according to the future performance of the participating fund.

2. For premium payment term 3, the capital guarantee applies only at the end of 3rd policy year.

For premium payment term 5, 10, 15, 20, and 25, the capital guarantee, which is derived based on yearly premium payment mode, applies only at the end of the accumulation period or the end of:

  1. 10th policy year for policies with a 5 or 10-year premium payment term;
  2. 15th policy year for policies with a 15-year premium payment term;
  3. 20th policy year for policies with a 20-year premium payment term;
  4. 25th policy year for policies with a 25-year premium payment term,

whichever is earlier; and if all yearly premiums due on the policy have been paid before the end of the grace period.

3. The maximum entry age of life insured is subject to [entry age + premium payment term] is less than or equal to 70 (Age Last Birthday).

4. If the life insured dies while the plan is in force, we will pay the sum of:

  1. 101% of the total yearly premiums due to-date or the guaranteed cash value, whichever is higher;
  2. a non-guaranteed terminal bonus (if any);
  3. accumulated guaranteed yearly income and non-guaranteed yearly income (if any); and
  4. interest on the accumulated guaranteed yearly income and non-guaranteed yearly income (if any),

less amounts owing (if any), outstanding premium (if any) and future instalment premiums which are required to make up the full year’s premiums (if any).

5. If the life insured is diagnosed with a terminal illness while the policy is in force, we will advance the death benefit.

6. The sum insured is a notional value and is not the benefit that will be paid upon the death of the life insured.

You should seek advice from a financial adviser representative before making a commitment to purchase the plan.

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. Buying health insurance products that are not suitable for you may impact your ability to finance your future healthcare needs. Premiums for some of the riders are not guaranteed and may be adjusted based on future claims experience.

This marketing material is for reference 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. The specific details applicable to this insurance plan are set out in the policy contract. In case of discrepancy between the English and Mandarin versions, the English version shall prevail.

These policies are 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 your insurer or visit the GIA/LIA or SDIC websites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).

This advertisement has not been reviewed by the Monetary Authority of Singapore. Information is correct as at 02 June 2025.