Apart from flexible premium payment, VivoLink also offers the following flexible features to suit your changing investment needs:

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1 PRODUCT SUMMARY VivoLink (VL1) 1 POLICY DESCRIPTION VivoLink is a regular premium investment-linked plan (ILP) that combines investment and protection against death, total and permanent disability (TPD before the age of 70) and dread diseases (DD). 1.1 Investing Your Money You can choose to invest a regular amount in any chosen ILP sub-funds offered under VivoLink on a monthly, quarterly, semi-annual or annual basis. In addition to regular investment, you can choose to make ad hoc (single premium) top ups or regular (single premium) top ups. The plan is available for cash purchase only. Your premiums are used to purchase units under the ILP sub-funds that you have chosen to invest in. More details can be found under Section 5 Subscription of Units. 1.2 Flexible Options Apart from flexible premium payment, VivoLink also offers the following flexible features to suit your changing investment needs: a. Partial Withdrawals: You can redeem your investment anytime from any ILP sub-funds you have invested in. b. Change in Regular Premium: To suit your changing investment needs, you can increase or reduce your regular premium. c. Premium Holiday: VivoLink gives you the option to cease your regular premium temporarily. d. Fund Switching: You can switch your investments between ILP sub-funds anytime to suit your changing investment needs and risk profile. You can find details of these features in the later sections of this product summary. 1.3 Protection Benefits a. Death and Total and Permanent Disability (TPD) Benefit Upon death or diagnosis of the insured with TPD (TPD before the age of 70) during the policy term, the higher of the basic benefit or cash-in value at the time of the claim will be payable. Any policy loan and interest will be deducted from the benefit amount payable. The policy terminates thereafter. The cash-in value is the value of the units held under your VivoLink policy. The basic benefit for death or TPD varies with the age at which the insured dies or is diagnosed with TPD. Page 1 of 17

2 Age (last birthday) at death or TPD Under 50 Basic benefit 10 times the annualised premium, and 1.05 times all top-ups times the annualised premium, and 1.05 times all top-ups Above 64 1 times the annualised premium, and 1 times all top-ups The insured will have to be certified by a registered medical practitioner to have been totally and permanently disabled for at least six continuous months. The aggregate TPD benefit payable on a single life, inclusive of all policies issued by Income and by any other insurer cannot be more than S$6.5 million (not including bonuses). Please refer to the policy contract for the exact terms and definition of TPD. b. Accidental Death Benefit Upon death of the insured as a result of an accident during the policy term (within 365 days of the accident), the higher of the basic benefit or the cash-in value at the time of the claim will be payable. If death occurs due to the insured s involvement in any restricted activity at the time of the accident, the basic benefit will be reduced. Any policy loan and interest will be deducted from the benefit amount payable. The policy terminates thereafter. The basic benefit for accidental death varies with the age at which the insured dies. Age (last birthday) at accidental death Under Above 64 Basic benefit 20 times the annualised premium, and 1.05 times all top-ups 10 times the annualised premium, and 1.05 times all top-ups 2 times the annualised premium, and 1 times all top-ups Basic benefit under restricted activity 13 times the annualised premium, and 1.05 times all top-ups 6.5 times the annualised premium, and 1.05 times all top-ups 1.3 times the annualised premium, and 1 times all top-ups Please refer to the policy contract for the exact terms and definitions of accidental death and restricted activity. c. Dread Disease (DD) Benefit Upon diagnosis of the insured with one of the specified DDs during the policy term, the higher of the basic benefit or the cash-in value at the time of the claim will be payable. Any policy loan and interest will be deducted from the benefit amount payable. The policy terminates thereafter. Page 2 of 17

3 The basic benefit varies with the age at which the insured is diagnosed with the specified DD. Age (last birthday) at diagnosis of a specified dread disease Under 50 Basic benefit 5 times the annualised premium, and 1.05 times all top-ups times the annualised premium, and 1.05 times all top-ups Above 64 1 times the annualised premium, and 1 times all top-ups The specified DDs covered under this plan are: No. No. 1* Major Cancers 21* Motor Neurone Disease 2* Heart Attack of Specified Severity 22* Primary Pulmonary Hypertension 3* Stroke 23* HIV Due to Blood Transfusion and Occupationally Acquired HIV 4* Coronary Artery By-Pass Surgery 24* Benign Brain Tumour 5* Kidney Failure 25* Viral Encephalitis 6* Aplastic Anaemia 26* Bacterial Meningitis 7* End Stage Lung Disease 27* Blindness (Loss of Sight) 8* End Stage Liver Failure 28* Major Head Trauma 9* Coma 29* Paralysis (Loss of Use of Limbs) 10* Deafness (Loss of Hearing) 30* Terminal Illness 11* Heart Valve Surgery 31* Progressive Scleroderma 12* Loss of Speech 32* Apallic Syndrome 13* Major Burns 33* Systemic Lupus Erythematosus with Lupus Nephritis 14* Major Organ / Bone Marrow Transplantation 34* Other Serious Coronary Artery Disease 15* Multiple Sclerosis 35* Poliomyelitis Page 3 of 17

4 No. No. 16* Muscular Dystrophy 36* Loss of Independent Existence 17* Parkinson s Disease 37 Chronic Adrenal Insufficiency (Addison's Disease) 18* Surgery to Aorta 38 Chronic Relapsing Pancreatitis 19* Alzheimer s Disease / Severe Dementia 39 Cardiomyopathy (Class IV) 20* Fulminant Hepatitis Please refer to the policy contract for the full definitions of each DD and the circumstances in which the insured can claim. A waiting period of 90 days will apply from the cover start date for major cancers, heart attack of specified severity, coronary artery by-pass surgery and other serious coronary artery disease. *The Life Insurance Association Singapore (LIA) has standard Definitions for 37 severe-stage Dread Diseases (Version 2014). This Dread Disease falls under Version You may refer to for the standard Definitions (Version 2014). For Dread Diseases that do not fall under Version 2014, the definitions are determined by the insurance company. d. Changes to Basic Benefit The basic benefit will be revised when the following occurs: i. Partial Withdrawals: If part of the policy has been cashed-in, the basic benefit will be adjusted proportionally reflect the redemption of units made. ii. Premium Holiday: The policy enters into a premium holiday if premiums are not paid after the grace period. If premiums have not been paid for at least the last 36 months, the basic benefit will not apply. In the event of death (including accidental death), TPD (before the age of 70) or diagnosis of a specified dread disease, the cash-in value will be paid. During the first premium holiday period, the basic benefit will apply for up to 24 months if premiums have been paid for at least the last 36 months, as and when premiums were due. For any future premium holiday, at least 36 months premiums including all of the last 12 months premiums, as and when premiums were due must have been paid. iii. For non-standard life, the basic benefit will not apply. In the event of death, TPD (before the age of 70), accidental death or diagnosis of a specified dread disease, the cash-in value will be payable. Page 4 of 17

5 Non-standard life means an insured who has been diagnosed with any of the following medical conditions at any time before or within 90 days after the cover start date: Cancer Heart or Heart Valve Conditions Chronic Kidney Disease Stroke or Transient Ischemic Attacks Liver Cirrhosis or End Stage Liver Failure Systemic Lupus Erythematosus Terminal Illness Total loss, or total loss of use of one or both limbs or total loss of use of one or both eyes Chronic Obstructive Lung Disease or End Stage Lung Disease Diabetes Combination of any two conditions of hypertension, high cholesterol or where body mass index (BMI) is greater than 30 e. Retrenchment Benefit If the policyholder is retrenched and remain unemployed for a continuous period of three months during the policy term, the following benefits will apply during the period of unemployment, up to a maximum of 24 months: i. No surrender charge should the policy be fully cashed in during this period; ii. Protection benefits for total and permanent disability (before the age of 70), dread disease, death, and accidental death would continue to apply. Premiums will be payable for the month the policyholder start permanent paid employment. The following conditions must be met for the benefit to apply: i. The insured must be a standard life ii. At least six month s premium must have been paid iii. The retrenchment must have taken place no earlier than six months after the cover start date This benefit can only be claimed once under this policy. Please refer to the policy contract for the conditions where this benefit will not apply. Page 5 of 17

6 2 ILP SUB-FUNDS 2.1 ILP Sub-Funds Available With VivoLink, you may choose to invest in any of the following ILP sub-funds. You can find more information on these subfunds in the Semi Annual Fund Report and the Annual Fund Report. ILP Sub-Funds Annual Management Fee Core Funds Global Bond Fund 0.85% Global Equity Fund 1.25% Singapore Bond Fund 0.5% Singapore Equity Fund 0.65% Managed Funds Asia Managed Fund 1.0% Singapore Managed Fund 1.0% Global Managed Fund (Balanced) % Global Managed Fund (Conservative) 0.87% Global Managed Fund (Growth) 1.005% Target Maturity Funds AIM Now 0.85% AIM % AIM % AIM % Specialised Funds Money Market Fund % Thematic Funds Global Technology Fund 1.25% Multi-Asset Premium Fund 1.30% Prime Fund 1.0% Takaful Fund 1.0% 1 Money Market Fund is only available for fund switching. 2.2 More Information on the ILP Sub-Funds To assist you in making investment choices, you can refer to the Semi Annual Fund Report and the Annual Fund Report, which contain information on the following: i. Details of fund managers and auditor of our sub-funds ii. Investment Objectives and Scope of our sub-funds iii. Structure of our sub-funds iv. Asset and country allocation of our sub-funds v. Sub-fund performance vi. Expense and turnover ratios vii. Inclusion under the CPF Investment Scheme viii. Other information e.g. financial statements, any soft dollar commissions or arrangements and conflicts of interests during management. You should read the Fund Summary and Product Highlights Sheet before deciding whether to subscribe for units in the ILP sub-fund. Page 6 of 17

7 3 RISKS 3.1 General Risks Buying a life insurance policy is a lifelong commitment. Early termination of the policy usually involves high cost and the surrender value payable (if applicable) may be zero or less than the premiums paid. As much as we are committed to achieving strong investment performance, the past performance of the managers and the sub-fund/sub-funds are not necessarily indicative of future performance. The value of the units under your Investment Linked Plan can rise or fall as the performance of the underlying sub-funds changes. The policy will terminate whenever the value of the policy is zero or negative. 3.2 Risks Specific to Each ILP Sub-Fund All investments come with some degree of risks. For the Money Market Fund, the purchase of a unit in the sub-fund is not the same as placing funds on deposit with a bank or deposit-taking financial institution. Although the manager may seek to maintain or preserve the value of the principal of the sub-fund, there can be no assurance that the sub-fund shall be able to meet this objective. The Money Market Fund is not a guaranteed fund, in that there is no guarantee as to the amount of capital invested or return received. The global exposure of the Money Market Fund to financial derivatives or embedded financial derivatives should not exceed 100% of the scheme s net asset value at all times. You can learn more about the risks specific to each ILP sub-fund in the Semi Annual Fund Report and the Annual Fund Report. 4 FEES & CHARGES In this section, we describe to you the charges that are applicable for VivoLink. From time to time, we may review the charges under VivoLink. If the charges described here are revised, we will inform you accordingly and give you sufficient notice before any revision takes effect. 4.1 Premium Allocation When you invest your regular premium in ILP sub-funds that you have selected, they are allocated into your policy to purchase units under these selected sub-funds. The percentages allocated to purchase units are: Monthly Regular Premium* for Each Premium Stream Allocation Rate for Purchase of Units 1st to 12th 55% 13th to 24th 65% 25th to 36th 75% 37th onwards 100% *or its equivalent if regular premiums are paid annually, bi-annually or quarterly Page 7 of 17

8 If you increase your regular premium, the increased portion will be considered as a new stream of regular premium payment and subject to the same allocation rates as set out above. For single premium top ups (ad hoc or regular), the allocation ratio will be 100%. 4.2 Policy Fee (Initial & Renewal) An initial policy fee of $150 is deducted at policy inception to cover the cost of policy administration and issuance. Subsequently, a annual renewal policy fee of $60 is deducted at each policy anniversary to cover costs of ongoing policy administration. However, we may change this at any time by giving you notice. The policy fee is payable through cancellation of units at bid price. 4.3 Bid Offer Spread Bid offer spread is set at 3.5%. This is the difference between bid and offer price of a unit. Currently, an extra 0.5% bonus unit will be given for all single premium top ups. This will reduce the effective bid offer spread to 3%. 4.4 Insurance Cover Charge No additional insurance cover charge will be deducted from your premium. The basic benefits are given at no additional charge to the policyholder. However, we may change this at any time by giving you notice. 4.5 Fund Switching Fee We currently do not charge for fund switches. Depending on circumstances in the future, we may levy an administration charge. Sufficient notice will be given to you before any charges take effect. 4.6 Annual Management Fee The annual management fee is not the same for all ILP sub-funds. The fee for each sub-fund can be found in the Semi Annual Fund Report and the Annual Fund Report. For all ILP sub-funds, the annual management fee is deducted at sub-fund level as a percentage of the value of your chosen sub-fund/sub-funds. Although this percentage is not guaranteed, it will not be more than 2%. This fee will not be deducted from your policy via cancellation of units. 4.7 Surrender Charge If you surrender your policy fully, the cash-in value will be paid to you as a benefit. The cash-in value is the value of units under your policy. If less than an aggregate amount of sixty-one (61) months of regular premiums (or its equivalent if the regular premiums are paid annually, bi-annually, or quarterly) has been paid for a premium stream, a surrender charge is applicable. This is deducted from your gross cash-in value at the time of surrender. Page 8 of 17

9 The schedule of surrender charges is as follows: Number of Monthly Regular Premiums* Paid for Each Premium Stream Deductions (% of the Annualised Premiums of a Premium Stream) Less than 13 months 25% 13 to 24 months 20% 25 to 36 months 15% 37 to 48 months 10% 49 to 60 months 5% *or its equivalent if the regular premiums are paid annually, bi-annually or quarterly If you increase your regular premium, the increased portion will be considered as a new stream of regular premium payment. Each stream of regular premium payment will have the same schedule of surrender charges as the table above. 4.8 Other Charges We will take from the sub-funds all direct expenses relating to buying, selling and valuing the investments of the sub-funds. 5 SUBSCRIPTION OF UNITS 5.1 Policy Account Your VivoLink policy will have a Policy Account. All premiums invested will credit into this account. Similarly, all withdrawals and expenses deducted will debit from this account. The balance of the monies in this account will be used to purchase units in the sub-funds selected for investment. Units are purchased at the prevailing offer price of each sub-fund. 5.2 Premium Limits You may invest any premiums amounts, within the following limits: Regular Premium : Minimum: $150 monthly, $450 quarterly, $900 half - yearly, or $1,800 yearly Maximum: $500 monthly, $1,500 quarterly, $3,000 half - yearly, or $6,000 yearly Increase in Regular Premium Top-up Premium (Ad hoc and Regular) : $50 per increment This is subject to the maximum regular premium limit as stated above. : $2,500 per top up Page 9 of 17

10 As you may choose to invest in more than one sub-fund under VivoLink, you may also note that premium amounts allocated into each selected sub-fund must not be lower than the amounts set out below: Regular Premium : $75 monthly, $225 quarterly, $450 half - yearly, or $900 yearly Top-up Premium (Ad hoc and Regular) : $1,000 per top up Depending on circumstances, the premium limits described may be revised in the future. 5.3 Change of Regular Premium Amount VivoLink offers flexibility in regular premium investment. You may choose to increase or reduce your regular premium investment amounts, subject to premium limits in Section 5.2. We wish to highlight that reduction in regular premium amount is allowed as long as you have paid the last regular premium amount for at least 12 months. 5.4 Premium Holiday You can enjoy the option of stopping your regular premium investment temporarily. Fees and charges will continue to apply during premium holiday. You may also note that basic benefits under your policy are subject to change, as described in Section 1.3. Premium holiday ceases at the time you resume your regular premium investment. The basic benefits (net of adjustments made for all prior withdrawals) will apply after you resume your regular premium investment. 5.5 Pricing of Units and Dealing Deadline All ILP sub-funds are valued daily on an offer/bid basis. All transactions are based on forward pricing. The prices are updated on the website of Income on each business day. The transaction submitted must come with complete instructions. All transactions submitted and premiums received by us by 3pm (Singapore time) each day will be executed based on the unit prices of the same working day. For transactions submitted and premiums received by us after 3pm (Singapore time) each day or transactions submitted on a non-business day (i.e. Saturday, Sunday or public holiday), the execution will be based on the unit prices valued for the following business day. We may change the 3pm cut-off point at any time by giving you notice. 5.6 Units Allocation Units are allocated based on the formula below: Example - For Regular Premium of $1,000 yearly, invested fully in one ILP sub-fund, (1) (2) (3) = (1) x (2) (4) 5 = (3) (4) Regular Premium Allocation Ratio Amount Invested Offer Price No. of Units $1,000 55% $550 $ Page 10 of 17

11 The number of units purchase with each premium payment depends on the allocation ratio, offer price and any relevant fees and charges deducted via cancellation of units. 6 REDEMPTION OF UNITS You may redeem your investments under VivoLink anytime through full surrender or partial withdrawals. This takes place through redeeming your units under your Policy Account. The value of the units redeemed will be calculated at the bid price based on the date where the request for redemption was received by Income. 6.1 Full Surrender If less than an aggregate amount of sixty-one (61) months of regular premiums (or its equivalent if the regular premiums are paid annually, bi-annually, or quarterly) has been paid for a premium stream, a surrender charge will be applicable. Details are found in Section 4.7. An example, assuming that surrender charge is applicable, is as follows: You started with a regular premium of $100 per month for 48 months. After this, you cashed the policy in fully. (1) (2) (3) = (1) x (2) No. of Units to Surrender Bid Price Gross Cash-In Value 1,000 $1.25 $1,250 (4) (5) (6) = (4) x (5) Regular Premium Months in a Year Annualised Premium $ $1,200 (6) (7) (8) = (6) x (7) Annualised Premium Deductions at 48 th month Surrender Charge $1,200 10% $120 (3) (8) (9) = (3) (8) Gross Cash -In Value Surrender Charge Net Cash-In Value $1,250 $120 $1, Partial Withdrawals Partial withdrawals have the effect of reducing the basic benefits and sub-fund value of your policy. The minimum partial withdrawal amount is $500 each time. There is no limit to the amount of partial withdrawals you may make. However, you need to hold a minimum value of units worth $1,750 under each selected sub-fund or $3,500 in aggregate (across all subfunds) under your policy. Page 11 of 17

12 Example (1) (2) (3) = (1) x (2) No. of Units to Surrender Bid Price Net Cash-In Value 1,000 $1.50 $1, Pricing Procedure and Dealing Deadline Redemption and subscription of units follow the same forward pricing procedure and dealing deadline. You may refer to Section 5 Subscription of Units for more information. You will receive your payment within 7 business days from the receipt of the completed request. In the event of significant changes to the market, we reserve the right to delay the computation of prices for up to 30 business days, from the date of receipt of a written notice requesting for surrender. The surrender payment will only be made on the day after the bid price is computed. 7 SUSPENSION OF DEALINGS We may suspend all transactions on a sub-fund. Transactions include new applications to the sub-fund, top-ups, switching, and cashing-in. We may do this in the interest of investors and in exceptional circumstances. Reasons for suspending transactions usually fall into these few broad categories: i. Natural disasters, market closures, or the introduction of new exchange controls or laws in countries in which a sub-fund has considerable investments, making valuation impossible or difficult. ii. Liquidity issues, when a very large number of investors unexpectedly want to cash in their units at the same time or when asset values fall sharply and trading in the capital markets dries up, so assets cannot be sold to meet payouts (for example, during the 2008/2009 credit crisis). iii. When one of the main organisations involved in operating the sub-fund closes down, the sub-fund may then suspend temporarily until a new organisation takes over. iv. When sub-funds are being wound up or merged with another sub-fund. In exceptional circumstances, if we believe it is in the best interests of all the investors in the sub-fund, we may create new sub-funds, or close or merge the sub-funds by giving you notice. If we close any sub-fund, unless you tell us otherwise in writing, we will reinvest the cash-in value in any of our sub-funds which have investment aims similar to the sub-funds which have been closed. We will decide on how to manage the sub-funds and choose the investments of the sub-funds and the fund managers. We may change the investment aims, focus and approach, and fund managers of any sub-funds by giving you notice. 8 RIDERS No rider is available for this insurance plan. Page 12 of 17

13 9 EXCLUSIONS There are certain conditions which no benefits will be payable under this policy as listed below. Please refer to the policy contract for the full details of the exclusions. Death Benefit The cash-in value will be paid if the insured commits suicide within one year from the cover start date. Total and Permanent Disability (TPD) Benefit The benefit is not payable if your claim arises from: deliberate acts such as self-inflicted injuries, illnesses or attempted suicide; unlawful acts, provoked assault or deliberate exposure to danger; or the effects of alcohol, drugs or any dependence. Under the definition of total and permanent disability (TPD), if the insured is under 65 years old, he or she must be unable to carry out any occupation. The policy does not pay if the insured is merely unable to perform the same job as before, or is unable to perform a job to which his or her training, education or experience is suited for. If the insured is 65 years old and above, but under 70 years old, he or she must be suffering from a severe disability. Otherwise, the policy will not pay the benefit. However, if there is total physical loss, and the insured is under 70 years old, the policy will pay the benefit. The policy also does not pay this benefit unless the insured is certified by a registered medical practitioner to have been totally and permanently disabled for at least six months in a row. Accidental Death Benefit The benefit is not payable unless death happens within 365 days of the accident. The benefit is also not payable if death is caused directly or indirectly by: deliberate acts such as self-inflicted injuries, suicide or attempted suicide; unlawful acts, provoked assault or deliberate exposure to danger; the effects of alcohol, drugs or any dependence; illnesses, psychological conditions or eating disorders; heat stroke; a bad reaction to drugs or medication; the effects of viruses (for example, dengue), bacteria or diseases; the negative effects or complications of medical and surgical care; treatment aimed at improving appearance, such as cosmetic surgery or any treatment relating to a previous cosmetic treatment; radiation or contamination from radioactivity; being in any aircraft, except as a fare-paying passenger in a commercial aircraft or during military operations in peacetime; military, air force or naval operations, except when carried out in peacetime; warlike operations (whether war is declared or not), war, invasion, riot, or any similar event; Page 13 of 17

14 an accident which happens outside of Singapore, if the insured has been outside Singapore for more than 180 days in a row at the time of the accident; or an act of terrorism. However, for a standard life, we will pay $10,000 or 10% of the death benefit, whichever is lower, on top of the death benefit. Dread disease benefit The benefit is not payable if your claim arises from: deliberate acts such as self-inflicted injuries, illnesses or attempted suicide; deliberate misuse of drugs or alcohol; acquired immunodeficiency syndrome (AIDS), AIDS-related complex or infection by human immunodeficiency virus (HIV), except as stated under HIV due to blood transfusion and occupationally acquired HIV; or major cancers, heart attack of specified severity, coronary artery bypass surgery, angioplasty and other invasive treatment for coronary artery or other serious coronary artery disease, where the insured was diagnosed with the disease within 90 days after the cover start date. For coronary artery bypass surgery and angioplasty and other invasive treatment for coronary artery, the date of diagnosis will be the date the medical condition that leads to the surgical procedure is diagnosed, and not the date of the surgical procedure. Retrenchment Benefit The benefit will not apply if your claim arises from you: retiring, leaving after a probation period, resigning or being dismissed; suffering a psychological condition, disability or illness; taking part in a labour dispute; coming to the end of an employment contract; being involved in a staff reduction programme or unemployment you knew was going to happen before the cover start date; being employed for less than six months by an employer; or being employed by an employer not incorporated or registered in Singapore. Other Conditions After you have been continuously covered for one year from the cover start date, we will pay your claim unless: it is a case of fraud; you fail to pay a premium; the insured has a material pre-existing condition; or the claim is excluded or not covered under the terms of the policy. Page 14 of 17

15 10 FREE-LOOK You will have 14 days from the date you receive the policy documents to be sure that you want to keep the policy. If we post or the policy to you, the 14 days will start seven days from the date of posting or ing. During this time, if you choose to cancel the policy, we will refund you: a) the premiums you have paid; or b) the value of your policy units (excluding bonus units) based on the applicable offer price on the date we receive your cancellation request, plus any applicable fees and charges deducted from the policy; whichever is lower, less any medical fees and other expenses such as payments for medical check-ups and medical reports incurred by us. 11 GRACE PERIOD There is a 30 days grace period to pay the premiums due on your policy. If the premiums are not paid after the period of grace, the policy will enter into a premium holiday and the basic benefits under your policy may be subject to change, depending on the conditions as described in Section CLAIM To make a claim for accidental death benefit, you must inform Income within 30 days after the insured s death. For all other claims, you must inform Income within six months after the diagnosis or the event giving rise to the claim. You must provide adequate evidence required by Income. You may need to bear the charges in providing such evidence. Please refer to our webpage for the claim procedures: 13 TERMINATION You may write in to terminate or surrender your policy any time. Please refer to our webpage for the termination or surrender procedures: Please note that an early termination of the policy usually involves high costs and the surrender value payable (if applicable) may be zero or less than the total premiums paid. 14 SWITCHING OF UNITS Under VivoLink, you can enjoy the flexibility of switching your investments between ILP sub-funds. The minimum amount for each fund switch is currently set at $1,000. Fund switch is done on bid-to-bid basis. Currently, fund switching is offered free of charge. However, depending on future circumstances, an administration charge could be levied. If we intend to introduce a charge, we will give sufficient notice to you before it takes effect. Page 15 of 17

16 15 OBTAINING PRICES OF UNITS The prices of our ILP sub-funds are available from Income s website at Our ILP sub-funds are valued daily. The dealing days to which such prices apply can be found on our website stated above. 16 INVESTMENT UPDATES FROM FUND REPORTS If you wish to track the performance of the sub-funds you have invested in, you can refer to the Semi Annual Fund Report and the Annual Fund Report for our ILP sub-funds. The financial year-end of Income s ILP sub-funds is 31 December of each year. You can find the semi annual financial statements in the Semi Annual Fund report, and the annual audited financial statements in the ILP Financial Statements. The Semi Annual Fund Report will be available by the end of August of each year, and the Annual Fund Report and annual audited financial statements by the end of March of the following year respectively. The Semi Annual Fund Report and Annual Fund Report are available on Income s website at and the annual audited financial statements are available at Alternatively, you can also approach our insurance advisers, contact us at , or csquery@income.com.sg to request for a copy of the reports. 17 OTHER IMPORTANT INFORMATION 17.1 Review of Charges and Practices From time to time, we may review policy and sub-fund charges under VivoLink, as well as practices pertaining to the pricing, subscription, redemption and switching of units outlined in this product summary. Circumstances may change in the future, which could require us to revise our charges or practices as described in this product summary. Should any changes or revisions take place, we will communicate them to you and give you sufficient notice before these changes or revisions take effect. Page 16 of 17

17 17.2 Declaration and Reinvesting of Distributions We may declare distributions for certain sub-funds which have a distribution option. The distribution amount will depend on the number of units you hold in these sub-funds on the date we declare the distribution. We set out the dates of when we announce, declare and pay out the distributions in the Semi Annual Fund Report and the Annual Fund Report or its equivalent. The return on the ILP sub-funds is calculated on the assumption that all dividends and distributions are reinvested, taking into account all charges which would have been payable upon such reinvestment. Distributions are not guaranteed. We may or may not pay a distribution every year. The default option is to reinvest the distribution from these sub-funds. You can write to inform us at least 30 days before the declaration date set out in the Semi Annual Fund Report or the Annual Fund Report, or its equivalent if you want to receive the distribution as a payout instead. The following conditions must be met for distribution to be paid out: 1. The distribution amount from the sub-fund is at least S$ The sub-funds are not bought under Central Provident Fund Investment Scheme or Supplementary Retirement Scheme. We will then follow this same choice for the later distributions of that sub-fund, unless you tell us your new choice at least 30 days before the next declaration date set out in the Semi Annual Fund Report or the Annual Fund Report, or its equivalent. DISCLAIMER This product summary does not form a part of the contract of insurance. It is only meant to be a simplified description of the product features which apply to this plan and does not explain the whole contract. The contents of this product summary may be different from the terms of cover eventually issued. Please read the policy contract for the precise terms, conditions and exclusions. Only the terms, conditions and exclusions in the policy contract will be enforceable by the policyholder and Income. Page 17 of 17