Savings

Savings - MySavingsPlan

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Most people have big plans. A home upgrade, a second property, or being able to travel without worry when they’ve retired.

For others, it’s to send all their kids to university.

The problem is, we always think that the future is far away. And we forget that with inflation, whatever savings we end up with may not be enough to pay for what we want.

So how can we increase our savings to support our aspirations?

Introducing MySavingsPlan.

 

MySavingsPlan is a savings plan that provides you with a lump sum payout, guaranteed returns with 100% capital guaranteed1.

It gives you insurance protection against Death (including Accidental Death) and Terminal Illness and you’ll also enjoy the potential bonuses2 at the end of the policy term.

Key benefits:

  • 100% Capital Guaranteed at the end of the policy term1
  • Solid savings plan for an outlay of just S$1.56 per day3
  • A wide range of choice of premium and policy term from 10 to 25 years to suit your savings goals
  • Guaranteed lump sum payout plus potential bonuses at the end of the policy term2
  • Guaranteed issuance – no medical check-ups required
  • Protection Cover for Death, Terminal Illness and Accidental Death

How MySavingsPlan works...

Click on the image to enlarge

 


Footnotes

  1. The lump sum payout with guaranteed returns and 100% Capital Guaranteed only applies upon policy maturity, where at least 100% of the total premium paid over the premium term will be payable.
  2. The potential bonuses and guaranteed returns refer to the Maturity Benefits, which consist of the Guaranteed Maturity Value (i.e. Guaranteed Sum Assured) and the non-guaranteed maturity bonuses which will be paid upon policy maturity. The non-guaranteed maturity bonuses (i.e. Project Bonuses at maturity) are made up of accumulated Reversionary Bonus and Terminal Bonus (if any). For more information, please refer to the Product Summary.
  3. Premium is based on Sum Assured of S$15,000 for a 25-year policy term. Illustrated daily premium rate is derived using annual premium amount divided by 365 days, rounding up to the nearest one cent.


Important notes

This policy is underwritten by Aviva Ltd.

This information is published for general information only and does not have regard to the specific investment objectives, financial situation and particular needs of any specific person. A copy of the Product Summary may be obtained from Aviva Ltd and the participating distributors’ offices. You should read the Product Summary before deciding whether to purchase the policy. You may wish to seek advice from a financial adviser representative before making a commitment to purchase the policy.

Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable, if any, may be less than the total premiums paid. Full details of the standard terms and conditions of this plan can be found in the relevant policy contract. Buying health insurance that is not suitable for you may impact your ability to finance your future healthcare needs.

This policy is protected under the Policy Owners’ Protection Scheme which is administered by the SDIC. Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact Aviva Ltd or visit the Life Insurance Association or SDIC websites (www.lia.org.sg or www.sdic.org.sg).

Information is accurate as at August 2016.

 

Protect your savings with these Guaranteed Issuance riders for extra security.

  • EasyTerm – Provides an additional lump sum cash payment of up to 10 times your basic plan’s annual premium in the event of Death, Terminal Illness or Total Permanent Disability.
     
  • Cancer Premium Waiver – Have your future premiums waived upon diagnosis of Major Cancers1 – so you don’t have to worry about your savings as you focus on getting better.
     
  • EasyPayer Premium Waiver – In the event of Death, Terminal Illness or Total Permanent Disability, all future premiums are waived and your loved one’s savings fund will continue to grow.

For a complete list of protection riders, please speak to your financial adviser representative today!

 

Footnotes

  1. Definition of Major Cancers: a malignant tumour positively diagnosed with histological confirmation and characterised by the uncontrolled growth of malignant cells and invasion and destruction of normal tissue. The term malignant tumour includes leukemia, lymphoma and sarcoma. Please refer to the Product Summary for the exact terms and conditions.


Important notes

This policy is underwritten by Aviva Ltd.

This information is published for general information only and does not have regard to the specific investment objectives, financial situation and particular needs of any specific person. A copy of the Product Summary may be obtained from Aviva Ltd and the participating distributors’ offices. You should read the Product Summary before deciding whether to purchase the policy. You may wish to seek advice from a financial adviser representative before making a commitment to purchase the policy.

Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable, if any, may be less than the total premiums paid. Full details of the standard terms and conditions of this plan can be found in the relevant policy contract. Buying health insurance that is not suitable for you may impact your ability to finance your future healthcare needs.

This policy is protected under the Policy Owners’ Protection Scheme which is administered by the SDIC. Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact Aviva Ltd or visit the Life Insurance Association or SDIC websites (www.lia.org.sg or www.sdic.org.sg).

Information is accurate as at August 2016.

MySavingsPlan

MySavingsPlan Brochure

Please contact your preferred financial adviser for a copy of the relevant Product Summary(ies).

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