Quick answer: The annuity plans worth your time right now are Singlife Flexi Retirement II for maximum payout flexibility, China Taiping i-Retire (II) for market-leading guaranteed yields, and AIA Retirement Saver (IV) if you want growing dividends that keep pace with inflation. Income Gro Retire Flex Pro II is the go-to for SRS planning, while Manulife and Etiqa build in health safeguards such as dementia payouts. Singlife MyLifeIncome II locks down lifetime income with a full capital guarantee.
Many retirement plans promise monthly payouts, but the quieter question is whether the plan bends when life does. You are not just choosing a yield; you are choosing what kind of safety net you want underneath your later years. Guaranteed returns are table stakes; the real differentiator is whether the plan covers you for dementia, job loss, or loss of independence. That’s the lens a pragmatic Singaporean should bring to an annuity plan—not just chasing the highest number on the page.
Want to compare across the whole category? That is what Best Investing & Insurance in Singapore is for — 26 guides in total.
Singlife Flexi Retirement II
Singlife Flexi Retirement II puts you in the driver’s seat with guaranteed monthly payouts that you can stretch from a short 5-year run all the way to age 120. The premium payment options are just as relaxed – pay a single lump sum or take it year by year. If life throws a curveball, there is a premium waiver for disability and even retrenchment benefits, so your income won’t disappear the moment your job does. Head to the SGX Centre at Shenton Way for a face-to-face chat, or just give them a ring.
If you like to adjust the levers yourself, this plan hands you a long timeline and short payout options. The flexibility to pay lump sum or annually suits freelance and contract workers who value breathing room. And a premium waiver for retrenchment means your retirement income won’t freeze just because your career did—exactly what a prudent saver wants.
Address: 4 Shenton Way, #01-01 SGX Centre 2, Singapore 068807
Hours: Monday to Friday, 9am – 6pm
Phone: +65 6827 9980
Website: Singlife Flexi Retirement II
If you are the sort who likes to keep options open rather than lock things down too early, this plan is a steady choice. It works well for professionals who might still be climbing the ladder but want a safety net that follows them through career changes and into a long retirement.
Income Gro Retire Flex Pro II
Income Gro Retire Flex Pro II gives you that same dependable monthly income, stretching to age 100, but the real draw is how much you get to fiddle with the settings. Pick a premium term anywhere from 5 to 30 years, and know that accidental death coverage and disability waivers are built in. Retrenchment benefits are there too, which is a comforting thought when headlines look shaky. And because it is SRS eligible, it slots neatly into tax-planning conversations. Their Raffles Place office over at Income@Raffles is easy to reach.
Want to fine-tune the build-up years? This is the plan for you. You can pick a short five-year sprint or a thirty-year marathon, all with accidental death cover and disability waiver included. The retrenchment benefit adds a layer of calm, and SRS eligibility sweetens the tax side for the organised saver.
Address: 75 Bras Basah Road, Income@Raffles, Singapore 189557
Hours: Monday to Friday, 9am – 6pm
Phone: +65 6788 1777
Email: [email protected]
Website: Income Gro Retire Flex Pro II
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After sorting out your future income, you might be in the mood for something more immediate – like a relaxed Local Breakfast Spots in Singapore that reward you for a hard week. This plan suits the planner who also enjoys the good things now.
Manulife RetireReady Plus III
Manulife RetireReady Plus III takes a broader view of what “retirement protection” can mean. Guaranteed monthly income is the baseline, but it layers on a loss of independence benefit – if you find yourself needing help with daily activities, the plan adjusts. There is also retrenchment protection and the option to grab a lump sum instead of regular payouts, which can be useful for larger ambitions down the road. Their office is in Manulife Tower at Cross Street, and consultations are best booked ahead since they close at 5pm.
What sets this plan apart is that it thinks ahead to the day you might need a hand with daily activities. The loss-of-independence benefit adjusts payouts when you need them most, and the flexibility to take a lump sum instead of monthly income means it won’t box you in if a bigger plan emerges. It’s a solid choice for the long view.
Address: 8 Cross Street, #13-01 Manulife Tower, Singapore 048424
Hours: Monday to Friday, 9am – 5pm
Phone: +65 6833 8188
Website: Manulife Singapore
Anyone with a family history that makes long-term care a real consideration will find the loss of independence cover reassuring. It is not the cheapest option on the shelf, but the flexibility to switch between lifetime income and custom payout periods gives you room to breathe as your needs change.
Etiqa Enrich Retirement
Etiqa Enrich Retirement brings a healthcare angle that many plans skip. On top of guaranteed monthly payouts over 10 or 20 years, it hands you a lump sum of $10,000 if you are diagnosed with dementia or certain other conditions. That is a concrete answer to a worry many Singaporeans quietly carry – the fear that medical costs will eat into the retirement they worked so hard for. You can pay premiums flexibly and even take a lump sum if that suits you better. Their team operates out of Hong Leong Building, weekdays until 5:30pm.
This plan quietly addresses a fear many keep to themselves: dementia. The $10,000 lump sum on diagnosis is a concrete help, not just a footnote. You still receive guaranteed monthly payouts for your chosen term, but that extra buffer can cover early costs or a caregiver’s help, which makes the maths feel more neighbourly than most plans.
Address: 16 Raffles Quay, #01-04A Hong Leong Building, Singapore 048581
Hours: Monday to Friday, 8:45am – 5:30pm
Phone: +65 6336 0477
Email: [email protected]
Website: Etiqa Enrich Retirement
While you are planning for the decades ahead, maybe you are also planning this weekend – a leisurely Sunday Brunches in Singapore for an Weekend Feast keeps the spirits up. This plan is perfect for someone who wants their retirement income and their health coverage woven into one straightforward product.
China Taiping i-Retire (II)
China Taiping i-Retire (II) is the plan people talk about when yields come up. The guaranteed returns are among the highest you will see, and you can lock in a payout period of 10, 20, or 30 years after paying premiums over as little as 5. No medical underwriting is required, so acceptance is guaranteed – which is one less thing to worry about. Loss of independence coverage is included too, making it a sturdy all-rounder for anyone who wants a no-fuss path to a comfortable retirement. The office is in Springleaf Tower along Anson Road.
For the spreadsheet-minded, this plan’s guaranteed returns are hard to ignore. The real draw, though, is that anyone can get in—no medical questions asked. That makes it a friendly option if you have a pre-existing condition that would complicate other applications. Loss-of-independence coverage rounds it out without added fuss.
Address: 3 Anson Road, #16-00 Springleaf Tower, Singapore 079909
Hours: Monday to Friday, 9am – 5pm
Phone: +65 6389 6111
Website: China Taiping i-Retire (II)
This is an editorial round-up, not a paid directory. Think we have missed somewhere? Tell us what you do and why it belongs here.
AIA Retirement Saver (IV)
AIA Retirement Saver (IV) takes a different route: give you back every dollar of your invested capital at retirement age, then send monthly dividends that grow 5% year after year. Yields can climb to 4.73%, and you get terminal bonuses on top. Payouts run for 15 or 20 years, so the structure is clear and the inflation cushioning is real. It is SRS compatible too, which tax-conscious Singaporeans will appreciate. If you are picturing a retirement funded by steadily rising income rather than a flat line, this one clicks. For appointments, AIA is at AIA Tower on Finlayson Green.
Instead of just paying you a flat sum, this plan hands you back your entire capital at retirement age, then builds your monthly income 5% yearly. That structure gives you a raise each year—something many retirees wish bank interest would do. It’s an inflation-aware pick, and with SRS eligibility, the tax-conscious will appreciate the edge.
Address: 1 Finlayson Green, Singapore 049246
Hours: Monday to Friday, 8:45am – 5:30pm
Phone: 1800 248 8000 (local) / +65 6248 8000 (overseas)
Website: AIA Singapore
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Singlife MyLifeIncome II
Singlife MyLifeIncome II is the big thinker’s pick – guaranteed yearly income that does not stop until you do, with payouts of up to 6.35%. On top of that, they add cash bonuses and a 100% capital guarantee, so the money you put in is never at risk. You can take your time paying premiums over as long as 25 years, and if you are using your Supplementary Retirement Scheme, it is eligible. Death and terminal illness coverage are standard, rounding out a plan that is built for peace of mind over the very long haul.
If you want the peace of mind that comes from a cheque that never stops, this plan delivers. Guaranteed yearly income for life, cash bonuses along the way, and a full capital guarantee. You can stretch premium payments over twenty-five years, and the high payout rate makes it a confident anchor for a retirement that needs to last.
Address: 4 Shenton Way, #01-01 SGX Centre 2, Singapore 068807
Hours: Monday to Friday, 9am – 6pm
Phone: +65 6827 9980
Website: Singlife Flexi Retirement II
How to choose
Start by deciding how long you want the income to last. Lifetime payouts mean you never outlive your money, but fixed terms like 20 years can deliver higher monthly amounts. Then look at premium flexibility – some plans let you spread payments over decades, others want a single lump sum. Check what happens if you lose your job or face a disability: retrenchment benefits and premium waivers are not just nice-to-haves; they keep the plan intact when things go sideways.
Health-related extras vary a lot. Etiqa’s dementia payout and Manulife’s loss of independence cover address real fears directly, while others stick closer to pure income. If you are topping up your SRS account, filter for SRS-eligible plans – Income Gro Retire Flex Pro II and AIA Retirement Saver (IV) both qualify. Yield hunters should put China Taiping i-Retire (II) near the top of the list. A fair price range depends entirely on your age, payout start date and chosen term, so have a frank conversation with a financial advisor before committing.
| Plan | Provider | Payout Duration | Premium Payment | Standout Protections |
|---|---|---|---|---|
| Singlife Flexi Retirement II | Singlife Financial Pte. Ltd. | 5 years to age 120 | Single or flexible | Disability waiver, retrenchment benefits |
| Income Gro Retire Flex Pro II | Income Insurance Limited | Up to age 100 | 5 to 30 years (single or flexible) | Accidental death, disability waivers, retrenchment |
| Manulife RetireReady Plus III | Manulife (Singapore) Pte. Ltd. | Lifetime or customisable | Single or up to 20 years | Loss of independence, retrenchment, lump-sum option |
| Etiqa Enrich Retirement | Etiqa Insurance Pte. Ltd. | 10 or 20 years | Flexible payments, lump-sum options | $10,000 payout for dementia and certain conditions |
| China Taiping i-Retire (II) | China Taiping Insurance (Singapore) Pte. Ltd. | 10, 20 or 30 years | Single, 5, 10 or 15 years | Loss of independence, guaranteed acceptance |
| AIA Retirement Saver (IV) | AIA Singapore Private Limited | 15 or 20 years | Check with the business | Capital return at retirement, growing dividends |
| Singlife MyLifeIncome II | Singlife Financial Pte. Ltd. | Lifetime | Single or up to 25 years | 100% capital guarantee, death and terminal illness coverage |
Summary
These seven annuity plans span the whole spectrum, from high guaranteed yields to flexible payout timelines and built-in healthcare safety nets. Singlife MyLifeIncome II and AIA Retirement Saver (IV) take top marks for long-term confidence, while Etiqa and Manulife add thoughtful medical protections. Which one feels right really comes down to what you want your retirement to protect you from – and what you want it to give you. Talk to the insurers, run the numbers, and pick the one that lets you exhale.
Disclaimer: Details such as operating hours and plan features can change. Confirm directly with the business before making any decision.
Frequently asked questions
What exactly is an annuity plan?
An annuity plan is a retirement product where you pay premiums now in exchange for guaranteed regular payouts later, typically monthly. It is designed to turn your savings into a predictable income stream so you do not outlive your money.
How do annuity payouts work in Singapore?
You choose a premium payment period and a payout start date. Once payouts begin, the insurer sends you a fixed sum every month for a set number of years or for life, depending on the plan. Some plans also add non-guaranteed bonuses on top.
Can I use my SRS funds to buy these plans?
Several plans on this list are SRS eligible, including Income Gro Retire Flex Pro II, AIA Retirement Saver (IV), and Singlife MyLifeIncome II. Using SRS contributions can bring tax benefits, but check with your insurer and a tax advisor to see what fits your situation.
Do I need a medical check-up to apply?
Not always. China Taiping i-Retire (II) offers guaranteed acceptance with no medical underwriting. Other plans may ask health questions or require a simple assessment, especially if they include disability or critical illness benefits.
What happens if I lose my job before the payouts start?
Plans like Singlife Flexi Retirement II, Income Gro Retire Flex Pro II, and Manulife RetireReady Plus III include retrenchment benefits. These can pause or adjust your premium obligations so your coverage does not lapse while you get back on your feet.
Is it possible to withdraw my money early?
Annuity plans are designed for long-term income, so early withdrawals usually come with penalties or a reduction in future payouts. The terms vary, so ask the insurer directly about surrender values before you commit.
