Best retirement plan singapore

Best retirement plan singapore

Why You Need a Retirement Plan
While CPF LIFE offers a basic safety net, most Singaporeans find it insufficient to cover lifestyle and healthcare expenses during retirement. Here’s why private retirement plans are worth considering:

Inflation Protection – Savings alone often lose value against inflation.

Guaranteed Income – Annuities provide stable monthly payouts for life or a fixed period.

Flexibility – Choose payout age, duration, and premium terms to suit your financial needs.

Family Protection – Many plans offer death or disability benefits alongside retirement income.

For this comprehensive review, InterestGuru.sg looks into the best retirement plans in Singapore that provide the highest income payout toward meeting your lifestyle needs and expenses.

Best Retirement Plan for Disability Benefit – Manulife RetireReady Plus III
Best Retirement Plan for Flexibility – NTUC Income Gro Retire Flex Pro II
Best Retirement Plan for Lowest Premiums – China Taiping i-Retire II
Best Retirement Plan for Guaranteed Payout – Singlife Flexi Retirement II

Related article: The Complete Guide to Retirement Planning

What makes a good retirement plan or annuity policy?
The main objective of a retirement plan or annuities would be to provide a consistent stream of income starting from your preferred retirement age. Ideally, a shorter premium tenor would provide the highest yield to the maturity of the policy.

When comparing retirement or annuity plans in Singapore, evaluate them based on:

Guaranteed vs Non-Guaranteed Payouts
Guaranteed portion = stability.
Non-guaranteed bonuses = potential upside, but not assured
Premium Payment Options
Single premium (lump sum) vs limited pay (5–20 years)
Payout Flexibility
Choice of when your income starts to payout
Duration: fixed term or lifetime income.
Protection Benefits
Disability income benefitDeath benefit for dependents
Surrender & Liquidity
Can you access funds early if needed?

Find out more: Compare Best Retirement/Annuity Plans in Singapore

Read also: How pre-exisiting medical conditions can affect your insurance application

With all insurance companies in Singapore offering their retirement annuities, make sure you select only the best for yourself!