Invest Wealth Vantage (Income Insurance Limited) — Product Review

Figures as of October 2026, from CompareFIRST.sg.

Overview

Invest Wealth Vantage is a single premium whole life investment-linked plan (ILP) from Income Insurance Limited (insurer credit rating AA- by S&P). It combines protection with investment: your premiums buy units in one or more ILP sub-funds of your choice, and the plan pays a death benefit and an accidental death benefit. It is a single-premium plan, but you can add ad hoc or regular top-ups before the insured turns 81, make partial withdrawals at any time, and switch between sub-funds. Notably, it requires no underwriting, and premiums can be paid with cash or Supplementary Retirement Scheme (SRS) savings — though CPFIS payment is not allowed.

How it compares

The comparison table measures the target and its nearest peers — GREAT Invest Advantage 2 (SP) (Great Eastern Life), #goElite Secure (Tokio Marine Life), and AIA Platinum Retirement Elite (AIA Singapore) — on a common basis of premium per year per $100,000 sum assured, premium term, coverage term, surrender value at year 20, net return over 5/10 years, and 5-year TER.

On that common basis, no figures are available for any of these products, including Invest Wealth Vantage. All four are classified as "no quote data (e.g. ILP)" — CompareFIRST does not publish premium quotes, surrender values, net returns, or TER for them. This is a genuine data limitation, not a reflection of the products, and it means the plans cannot be ranked on price or historical performance from this source. Any comparison here must rest on qualitative features from the product summaries.

On features, Invest Wealth Vantage's distinguishing points are its no-underwriting entry, SRS eligibility, and its stated charge structure: a 3% premium charge on the initial single premium and each top-up, no policy fee, no insurance cover charge, and no fund switching fee. Ongoing costs come from the annual management fee of the chosen sub-funds (which varies by fund) plus direct fund expenses. Minimum single premium is $10,000 (or $2,500 per selected sub-fund); top-ups start at $2,500 ($1,000 per sub-fund). Death benefit is 101% of policy value; accidental death within the first three policy years pays the higher of 105% of net premiums or 101% of policy value, provided death occurs within 365 days of the accident.

Pros

• No medical underwriting required, which may suit those who prefer to avoid underwriting.
• SRS-eligible, allowing retirement savings to be used.
• Flexible: partial withdrawals anytime, ad hoc/regular top-ups before age 81, and free fund switching.
• No policy fee, no insurance cover charge, and no switching fee stated.
• Access to a range of ILP sub-funds, with fund-level costs disclosed in the Fund Summary and Product Highlights Sheet.

Cons

• Investment risk sits with you: policy value is not guaranteed and you may lose part or all of your premiums.
• A 3% premium charge applies to the initial premium and every top-up, which reduces the amount invested.
• Annual management fees and fund expenses vary by sub-fund and are not fixed.
• No CPFIS payment; early termination can be costly and cash-in value may be zero or less than premiums paid.
• Premium, surrender, and return figures are not available on CompareFIRST for this plan, making cost comparison difficult.

Who it may suit

This plan may suit investors seeking a single-premium ILP with SRS funding, no underwriting, and the flexibility to withdraw, top up, and switch funds. It is less suited to those who want guaranteed values, CPFIS funding, or who are uncomfortable bearing full investment risk.

This is general information based on CompareFIRST.sg data, not financial advice. Premiums and features can change; please verify with the insurer or a MAS-licensed financial adviser before making any decision.