Common use of Partial Withdrawal Clause in Contracts

Partial Withdrawal. While the Policy is in force, You may request for partial withdrawal(s) from Your Account value at any time, subject to the following conditions: • the minimum partial withdrawal amount is S$500 (“Minimum Partial Withdrawal Amount”) and in multiples of S$100; • the partial withdrawal amount from the Regular Premium Account is within the Partial Withdrawal Limit as set out in clause 4.4.4 (where applicable); • the remaining Regular Premium Account value must be at least S$1,000; • partial withdrawal(s) is not allowed if the remaining Regular Premium Account value falls below the minimum requirement after withdrawal(s); and • for specified limits for certain ILP Sub-Fund(s), please refer to the individual fund’s Product Highlights Sheet for details. A partial withdrawal charge will be imposed on the partial withdrawn amount from the Regular Premium Account during the premium payment term. Please refer to the Fees and Charges section for the partial withdrawal charge. You can make a Partial Withdrawal from the Top-up Account as long as the amount withdrawn fulfils the minimum partial withdrawal requirements. There is no partial withdrawal charge on the Top-up Account. If the account value of the Top-up Account is not sufficient to deduct the withdrawal amount, the remaining withdrawal amount will be deducted from the Regular Premium Account, which may incur a partial withdrawal charge. If you do not indicate the account to withdraw from, the requested withdrawal amount will be deducted from the Top-up Account first. We reserve the right to revise the partial withdrawal requirements at any time by giving You thirty (30) days’ written notice.