Customers have the option of boosting their retirement plans with premium top-ups at their own pace. They can also update the income payout period, retirement income rate and/or defer retirement age under their RetireSavvy plans, plus enjoy a lump sum retrenchment payout benefit in the event of retrenchment.
Manulife Singapore and DBS Bank have launched RetireSavvy, a customisable digital retirement plan, on Sept 20.
According to a media statement by Manulife Singapore, the product offers customers “multiple flexible options to tailor a plan that best serves their financial and retirement needs, throughout the different phases of life”.
