Manulife, DBS launch flexible retirement product in Singapore

RetireSavvy allows Singaporeans to adjust their retirement plans.

Manulife Singapore and DBS Bank have jointly launched RetireSavvy, a flexible retirement product, according to a press release.

Co-developed by Manulife and DBS, RetireSavvy offers Singaporeans the ability to adjust their retirement plans depending on their needs. Users can start small and then later boost their retirement plan through premium top-ups.

RetireSavvy also enables customers to update their income payout period, retirement income rate, and defer their retirement age, amongst a plethora of other options.

It also offers coverage against death and terminal illness.