Our Solutions – Singapore

The Silk Life Plan is issued by Utmost International Isle of Man Limited Singapore Branch (“Utmost International”). It provides a high level of life cover, ensuring cash can be readily made available to your beneficiaries without compromising on opportunities for investment growth. It also provides the flexibility to meet the evolving wealth planning needs of accredited investors in Singapore.

Key Features

• Minimum initial premium: S$1,500,000/US$1,000,000/£750,000
• Minimum sum assured: S$3,000,000/US$2,000,000/£1,500,000 or currency equivalent
• Option to use custodian arrangement of your choice, and continue to enjoy the services that your current relationship manager or custodians provide you

In the unlikely event of insolvency, plan holders are protected under the Isle of Man Life Assurance (Compensation of Policyholders) Regulations 1991. Compensation for clients is up to 90% of their investment value less any applicable charges.

Utmost International Isle of Man Limited Singapore Branch is a member of the Policy Owners’ Protection Scheme (PPF Scheme) in Singapore. This policy is protected up to specified limits by the Singapore Deposit Insurance Corporation (SDIC). Details of the PPF Scheme can be obtained at SDIC website on www.sdic.org.sg.

Product Literature

• Silk Life Plan product brochure – English / Chinese
• Silk Life Plan at a glance document – English / Chinese
• Silk Life Plan product summary – English / Chinese
• Silk Life Plan policy terms

The Executive Investment Account is issued by Utmost International Isle of Man Limited Singapore branch (“Utmost International”). It is an investment-linked life assurance policy designed for the international investors and Singapore Accredited Investors. It’s a single premium, offshore bond which allows you to maximise market opportunities by holding and consolidating a wide range of investment in one place.

Simply invest a lump sum of S$100,000/US$75,000/£50,000/€75000 or more (or currency equivalent) to start the plan. Additional lump sums of S$10,000/US$7,500/£5,000/€7500 or more (or currency equivalent) is allowed, subject to approval.

In the unlikely event of insolvency, plan holders are protected under the Isle of Man Life Assurance (Compensation of Policyholders) Regulations 1991. Compensation for clients is up to 90% of their investment value less any applicable charges.

Utmost International Isle of Man Limited Singapore Branch is a member of the Policy Owners’ Protection Scheme (PPF Scheme) in Singapore. However, the policy issued by Utmost International (where no additional life cover purchased) is not covered under the PPF Scheme. Details of the PPF Scheme can be obtained at Singapore Deposit Insurance Corporation Limited’s website on www.sdic.org.sg.

Product Literature

• Executive Investment Account product brochure
• Executive Investment Account product summary
• Executive Investment Account terms and conditions

Focus is a regular contribution plan issued by Utmost Worldwide Limited, Singapore Branch. It is a whole of life investment-linked plan (“ILP”) suitable for investors with a medium to long-term investment time horizon, with a death benefit of 101% of the investment value of the plan following the death of the applicable life assured.

It provides access to a range of lower cost investment funds to help you achieve your investment goals. The plan also allows a flexible choice of commitment period from 3 years to 15 years. It will give you a Commitment Reward of up to 5% of regular contributions paid if you meet the required commitment.

As a plan holder, you benefit from Guernsey’s ‘policyholder protection regime’ imposed by the Guernsey Financial Services Commission (“GFSC”) under the Insurance Business (Bailiwick of Guernsey) Law, 2002 (as amended).  The GFSC requires insurers to place at least 90% of the assets that support all its liabilities to plan holders on trust with an approved Guernsey based independent trustee.

Product Literature

• Focus – product summary
• Focus – key features
• Focus – terms and conditions
• Focus – ILP Sub Funds Brochure – Oct 2024
• Focus – ILP Sub-funds overview for Singapore – Oct 2024
• Focus – ILP Sub-funds performance for Singapore – Oct 2024