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Gro Cash Flex Pro Review

Gro Cash Flex Pro Review

Gro Cash Flex Pro by Income Insurance? So, you’ve heard about it and you’re wondering if it’s worth your time.

We know that feeling. You don’t want to commit to something that isn’t going to deliver on its promises, and the last thing you need is another financial product that doesn’t give you the features you need.


What is Gro Cash Flex Pro?

From the name, you may expect that Gro Cash Flex Pro is a savings product from Income Insurance. And you are right, in a way. It is an endowment policy meant to help fund your savings needs.

However, it isn’t just limited to savings. You can use this to fund your child’s post-secondary education, or your own retirement, or to help fund your yearly dream vacation or any annual expenses (think: CNY Ang Pow Monies!)

Gro Cash Flex Pro is a flexible savings policy that allows you to enjoy yearly cash payouts from the end of the second policy year.

In addition, Flexible Choice of Premium and Policy Terms allow you to find the best premiums for your monthly budgetary needs, allowing for peace of mind.

To get more out of life, you can enjoy coverage in the event of terminal illness and even upon death.

What are the unique aspects of this product?


1. The Plan includes the chance to receive a cash bonus every year from the end of the 2nd policy year

What if we told you that it’s possible to get a passive income from your insurance policy? Sounds too good to be true? But it really isn’t!

Gro Cash Flex Pro is a participating, regular premium endowment plan that offers you the chance to receive a cash bonus every year from the end of the 2nd policy year. It’s not a fixed amount, but no matter what the market does, you’ll get some cash back. This is particularly great if you’ve invested in stocks and shares that aren’t doing so well. At least you’ll still have some money coming your way.Gro Cash Flex Pro summary

If you’re looking for a backup plan, I’d highly recommend Gro Cash Flex Pro.

It gives yearly cash payouts from the end of the 2nd policy year. Payable each year, the first payment will be made two years after you start the policy. Each yearly payment is 3% of your sum assured, and a non-guaranteed cash bonus, which is up to 5.40% of your sum assured. This is paid as long as you’re still alive and the policy has not ended. If your Gro Cash Flex Pro policy sum assured is at least $80,000, monthly payments can be made instead.


2. Lets you choose to withdraw the cash for your goals or accumulate it for better returns

One of the greatest challenges we face as humans are figuring out exactly why we want a new phone, a new car, or a vacation to Bali.

Gro Cash Flex Pro example
Source: Income Insurance Gro Cash Flex Pro

When we’re not sure why we want something, it’s easy to forget about our goals and let them drift off in the ether. With Gro Cash Flex Pro, though, you can have your cake and eat it, too!

With this product, you can choose whether you want to withdraw the money for your goals or accumulate it for better returns. Either way, you’ll have access to your cash when you need it and an incentive to keep saving so that you can get what you’ve always wanted!

You can choose to withdraw the cash from Gro Cash Flex Pro anytime you want to fund your goals or accumulate them for better returns.


3. With Gro Cash Flex Pro, You get extra coverage in the event of Retrenchment and more

I really like Gro Cash Flex Pro because I can add on a Savings Protector Pro rider to give me extra coverage in the event I get retrenched. It also has a Total and Permanent Disability benefit, which is nice.

The basic plan provides coverage should you die or become terminally ill before the policy term is up.

Savings Protector Pro

With the rider, it also includes two important coverages: Total and Permanent Disability (TPD), which pays a lump-sum payment equivalent to two years of annual premium in case you become disabled before the age of 70—As an extra bonus, premiums are waived upon total and permanent disability. And Retrenchment benefit, which waives your premium payments for six months upon being retrenched.


4. You can buy additional coverage for big life changes with its Guaranteed Insurability option.

If you get married, divorced, buy a house, or have a kid (or if your child hits 21 years old), you can add a whole new policy for that life event! And the best part? You don’t have to provide evidence of good health again. You just take what you’ve got and run with it.

And even if none of those things happens to you, this still isn’t the kind of policy that expires when you reach age 65—You can keep going as long as you want to (up to age 120!)


5. Don’t lose your capital with Gro Cash Flex Pro!

Are you worried about losing your capital? It’s a valid concern. But not with the Gro Cash Flex Pro!

Capital Guarantee

With Capital Guaranteed, all you have to do is hold the product until maturity, and they’ll give you back at least all the premiums you have paid.

That’s right. Gro Cash Flex Pro guarantees it.

The next time someone asks “what happens if I lose my capital?”, send them to this review.


5. Flex-ible payment and policy term

What do you get when you cross a really flexible premium payment term with a really flexible policy term? The Gro Cash Flex Pro!

Gro Cash Flex Pro specification

You can choose your desired premium term of 5, 10, 15, 20, 25 or 30 years. If you want your policy to last for a longer time period for example till age 120, you have the flexibility to choose the premium term of up to 30 years.

This flexibility in premium payment will allow you to start saving for the future at your own pace.

The best part about Gro Cash Flex Pro? It’s FLEX-ible.


You can appoint an immediate family member as a secondary life assured to receive the benefit of this policy should you pass on before the policy reaches its maturity date —Gro Cash Flex Pro

Gro Cash Flex Pro is also great for anyone who wants to make sure their family or loved ones are protected even if something happens to them before the policy matures.

Appoint your loved one as a secondary insured so your policy can continue in the event of death of the insured.

With this policy, you can choose one immediate family member as a secondary insured person on your policy—in other words, someone who will receive the benefits of this policy in the case of your death before the policy matures. This will allow them to continue being insured even if something happens to you before they would have been able to inherit or otherwise gain access to any life insurance proceeds.

That said, there are other policies that have similar features and/or lower premiums for this type of coverage. So my advice is for you to take all these things into account when deciding on whether or not it’s the best for you.


What kinds of people will Gro Cash Flex Pro appeal to?

This is the part of the review where I tell you that this product is great, and you should go buy it.

But… why? Why should you go buy this policy? I mean, it’s a pretty good one, don’t get me wrong. But are you, personally, better off buying it than some other policy?

The answer to that question is going to depend entirely on your circumstances. And so I can’t tell you what to do.

What I can tell you about this Gro Cash Flex Pro policy is that it has an interesting feature for anyone:

  1. If you’re looking for a place to stash cash that will keep it safe, capital guaranteed, and provide some returns on it, look no further than Gro Cash Flex Pro.
  2. You can save money for future use, grow your wealth, and have a secondary life assured in case of your unfortunate death.
  3. You want your policy to be accepted, regardless of your health condition? Great! No medicals are required for this policy.

With all that said and done, signing up for this policy might not be the best move for you if you’re a risk-taker. If you’d prefer more monthly income from your plan, you may be interested in another plan they offer – Gro Retire Flex Pro.


Takeaway: Gro Cash Flex Pro is worth considering if you’re looking for a policy that specifically serves as a cash payout type of endowment

Hey there, want to know more about Gro Cash Flex Pro? We’ve got it covered. Well, maybe not quite literally, but you definitely don’t need to go anywhere else for a better and fuller look at it! With the information we’ve dug up on it, you can see what it’s all about. You’re one click away from discovering everything about Gro Cash Flex Pro that you need to know.

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