Common use of Fund Switching Clause in Contracts

Fund Switching. While the Policy is in force, You are entitled to an unlimited number of times of fund switching. Currently, We do not impose any charge for fund switching. You can only hold a maximum of ten (10) ILP Sub-Funds under Your Policy. The minimum fund switch amount is S$500 per fund. If the remaining value of the fund is less than S$500 at the point of fund switch, You must switch out all the units from this fund. For specified limits for certain ILP Sub-Fund(s), please refer to the individual fund’s Product Highlights Sheet for details. If We accept Your fund switching request, We will sell the units in the ILP Sub-Fund(s) that You have instructed Us to switch out from. We will then use the net sale proceeds to buy the units of the ILP Sub- Fund(s) that You have instructed Us to switch into. The fund switching is based on the unit price of the applicable ILP Sub-Fund(s) at the date when the switching is carried out by the Company. Please refer to clause 3.8.9 for the Processing of Requests and Dealing Deadline. We reserve the right to revise the charge for fund switching by giving You thirty (30) days’ written notice.