Manulife SteadyPayout Guarantees 4% Yield in Yearly Income

• Single-premium policy with yearly income for up to 9 years
• Guaranteed 4% per annum yield at the end of 9 years

SINGAPORE – Manulife Singapore today announced the launch of Manulife SteadyPayout, a single-premium policy that guarantees a yield of 4% per annum through yearly income. By making a one-time premium payment, policy owners will receive annual income from year 1 up to year 9 of the policy, with the total income received giving a guaranteed yield of 4% per annum. This makes Manulife SteadyPayout an attractive option for customers seeking a stable and guaranteed income growth.

For example, with a single premium payment of S$100,000, policy owners can expect to receive a consistent income of S$13,450 every year from the end of policy year 1 to year 9. At the end of the 9th policy year, the policy owner would have received a total income of S$121,050, amounting to an effective yield of 4% per annum on their capital.

Thomas Lee, Chief Product Officer of Manulife Singapore, highlighted the policy's appeal for those seeking guaranteed growth of their income. "The guaranteed growth makes Manulife SteadyPayout an essential component of a diversified financial strategy."

Manulife SteadyPayout is available for purchase starting at S$5,000 using cash or Supplementary Retirement Scheme (SRS). This offer is available only until the current tranche is fully subscribed. Terms and conditions apply. Please see attached brochure for more information.

About Manulife Singapore

Serving Singapore since 1899, we grew from strength to strength to become a leading life insurer in Singapore that provides a broad range of insurance, retirement and wealth management solutions to meet the financial needs of our customers across their various life stages. Manulife Singapore’s insurance, retirement and wealth management solutions are distributed through our own affiliated financial adviser representatives and our specialist partners, including banks and other financial advisory firms.

About Manulife 

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we provide financial advice and insurance, operating as Manulife across Canada, Asia, and Europe, and primarily as John Hancock in the United States. Through Manulife Investment Management, the global brand for our Global Wealth and Asset Management segment, we serve individuals, institutions, and retirement plan members worldwide. At the end of 2023, we had more than 38,000 employees, over 98,000 agents, and thousands of distribution partners, serving over 35 million customers. We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges, and under '945' in Hong Kong. 

Not all offerings are available in all jurisdictions. For additional information, please visit visit manulife.com.

Media contact

Eveline How
eveline_kl_how@manulife.com