PREMIERLIFE GENERATION BY OCBC BANK

What: A single-premium whole life plan that aims to provide a guaranteed monthly income stream in retirement.

The product is meant for affluent individuals with a minimum single premium of $100,000.

The product starts paying guaranteed income each month from the policy's fifth year for the rest of your life.

OCBC adds: "The customer's loved ones will receive an inheritance after he passes away, made up of a guaranteed survival benefit and non-guaranteed bonuses."

You can also choose to get the product with your child as the insured person.

OCBC notes: "The customer receives a monthly income from the fifth policy year, until the child turns 18. The monthly income is then paid to the child for the rest of his life.

"When the child finally passes away, the original customer's grandchild will receive an inheritance, made up of a guaranteed survival benefit and non-guaranteed bonuses."

OCBC said the inheritance is paid out as a lump sum death benefit.

The plan is a guaranteed issuance insurance product which means you do not need to complete a medical questionnaire in order to buy it.

CHINA LIFE SAVERETURNS (RMB) BY CHINA LIFE INSURANCE SINGAPORE

What: A three-year premium payment endowment plan that pays guaranteed yearly coupons during the policy term of six years.

The plan offers potential returns of 3.06 per cent a year.

China Life said the plan also offers protection against death during the policy term. The minimum annual premium is 10,000 yuan (S$2,200).

If you buy the plan before Dec 31, you will get Robinsons shopping vouchers worth up to 6 per cent of the first-year premium. This is done by converting your yuan premiums into Singapore dollars at a fixed exchange rate of 0.2126.

The firm also offers another endowment plan in Singdollars, and it is called China Life SaveReturns (SGD).

Buyers of the Singdollar plan get 100 per cent of the paid premiums back by the end of six years after they pay the three-year premiums. The minimum annual premium is $3,000.

PRUCOVER TOTAL REFUND BY PRUDENTIAL SINGAPORE

What: A critical illness plan that continues to provide coverage for death and terminal illness even after a critical illness claim. It also rewards healthy customers with a total refund of premiums.

If you have a critical illness, you will get a payout and have future premiums waived.

If you do not claim for a critical illness, you will be covered with an additional special benefit for angioplasty and other invasive treatments for the coronary artery.

If an accidental death happens, your loved ones will get a payout of three times the sum assured.

Prudential adds: "If customers do not have claims on the critical illness benefit, they will receive a refund on the total premiums paid at the end of the policy term."

• Terms and conditions of products are subject to change and figures are based on illustrations. Contact the firms or an adviser for more information.