Savings

Savings - MyWealthPlan

speak to your personal financial adviser.  
 

You work hard to earn money; after all, money makes the world go round, doesn’t it? Whether you’re saving for a specific goal like your child’s wedding, a new house or simply for a rainy day, you want to make sure your money works as hard as you do. And you’re not alone in having such goals.

We understand that – which is why we’ve come up with MyWealthPlan – a savings plan that offers you a guaranteed return1 which is potentially one of the highest available in the market today, along with the flexibility to choose the premium payment term that works best for you and also when to receive your payout.

With 100% of your capital guaranteed2, you can rest easy knowing that your savings pot is safely guarded, ready for the taking whenever you need it – be it 10 years, 12 years, or any yearly term up to 25 years.

Your Money. Your Plan.

1. Guaranteed returns and projected total returns are payable upon policy maturity and will vary according to the selected premium term and policy term.
2. 100% Capital Guaranteed applies upon policy maturity, where at least 100% of the total premiums paid over the premium term will be payable. Actual guaranteed returns and projected total returns will vary according to the selected premium term and policy term.

 

 

MyWealthPlan is a flexible, hardworking, and innovative savings plan that offers you both flexibility and guaranteed returns – allowing you to securely grow your wealth in the mid to long term.

  • Guaranteed returns of up to 2.35% per annum1
     
  • 100% Capital Guaranteed2
     
  • Receive your Maturity Benefit in one lump sum, consisting of the guaranteed maturity value and projected bonuses3
     
  • Enjoy and have control with flexible policy and premium payment terms. Pay premiums for only 5 years and choose a policy term between 10 to 25 years. Or opt to pay premiums for only 10 years and choose a policy term between 13 to 25 years. The choice is yours.
     
  • Protection for your Loved Ones – Death and Terminal Illness4 cover, should the worst happen.
Guaranteed-Issuance-W80
 

How does MyWealthPlan work?

  1. Guaranteed returns of up to 2.35% per annum is only upon policy maturity. This is based on the assumption that a male, age 35 years at Age Next Birthday, non smoker, opting for Sum Assured of S$100,000 paying an annual premium of S$ 11,710 for 5 years premium term and 25 years policy term.
  2. 100% Capital Guaranteed applies upon policy maturity, where at least 100% of the total premiums paid over the premium term will be payable. Actual guaranteed returns and projected total returns will vary according to the selected premium term and policy term.
  3. Projected Bonuses are made up of accumulated Reversionary Bonus and Terminal Bonus (if any). The Reversionary Bonus and Terminal Bonus are non-guaranteed Bonuses and depend on the performance of Aviva’s Ltd Participating Fund. Reversionary Bonus is non-guaranteed, but once declared and vested, it forms part of the guaranteed benefit of the policy. The non-guaranteed benefits are projected based on the estimated Bonus rates and actual benefits payable will depend on the future performance of the Life Participating Fund. Please refer to the Product Summary for more details.
  4. On the death of the Life Assured while the policy is in force, Aviva Ltd will pay, higher of (105% of total installment premiums paid on Basic Plan or the Guaranteed Cash Surrender Value); and any accumulated reversionary bonuses and terminal bonuses, less any indebtedness, in one lump sum (subject to applicable regulations). Upon diagnosis of Terminal Illness of the Life Assured while the policy is in-force, Aviva Ltd will pay the Terminal Illness Benefit in one lump sum, as an advancement of the Death Benefit. For details, please refer to the Product Summary.
  5. This is based on the assumption that a male, age 35 years at Age Next Birthday, non smoker, opting for EasyTerm with Sum Assured of S$50,000, EasyPayer Premium Waiver and Cancer Premium Waiver riders by paying annual premiums. Policy term for EasyTerm is 10 years. Policy term for. EasyPayer Premium Waiver and Cancer Premium Waiver is 5 years respectively. For more details on the riders, please refer to the Product Summary.
  6. This is based on the assumption that a male, age 32 years at Age Next Birthday, non smoker, opting for EasyTerm with Sum Assured of S$40,000 and Cancer Premium Waiver riders by paying annual premiums. Policy term for EasyTerm and Cancer Premium Waiver is 18 years and 10 years respectively. For more details on the riders, please refer to the Product Summary.
 
This policy is underwritten by Aviva Ltd.
 
This is published for general information only and does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person. A Product Summary in relation to MyWealthPlan, EasyPayer Premium Waiver, Cancer Premium Waiver and EasyTerm is available and 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 before making a commitment to purchase the product. In the event that you choose not to seek advice from a financial adviser, you should consider whether the product in question is suitable for you.
 
Buying a life insurance policy is a long-term commitment. Early termination of the policy usually involves high costs and the surrender value payable, if any, may be less than the total premiums paid. This is not a contract of insurance. Full details of the standard terms and conditions of this plan can be found in the relevant policy contract.
 
Information is correct at time of publishing.
 
Speak with your preferred Financial Adviser.
 
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).

 

Protect your savings with Guaranteed Issuance riders

With these key protection riders, you give yourself added assurance that your money can be kept secure.

  • Cancer Premium Waiver7
    Upon diagnosis of Major Cancers8 of the policyowner, all your future premiums are waived – so you don’t have to worry about your savings as you focus on getting better.
     
  • EasyTerm7
    Provides an additional lump sum cash payment of up to 5 times your basic plan’s annual premium in the event of Death, Terminal Illness or Total Permanent Disability of the policyowner so that ready cash is on hand should the worst happen. 
     
  • EasyPayer Premium Waiver7
    In the event of Death, Terminal Illness or Total Permanent Disability of the policyowner, 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 preferred financial adviser today!


  • 7. For more details on the riders, please refer to the Key provisions in the Cancer Premium Waiver, EasyTerm and EasyPayer Premium Waiver Product Summary respectively. It contains details of Exclusions, Waiting Period and Survival Period (if applicable).
  • 8. Definition of Major Cancers: A malignant tumour positively diagnosed with histological confirmation and characterized by the uncontrolled growth of malignant cells with 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.
This policy is underwritten by Aviva Ltd.
 
This is published for general information only and does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person. A Product Summary in relation to MyWealthPlan, EasyPayer Premium Waiver, Cancer Premium Waiver and EasyTerm is available and 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 before making a commitment to purchase the product. In the event that you choose not to seek advice from a financial adviser, you should consider whether the product in question is suitable for you.
 
Buying a life insurance policy is a long-term commitment. Early termination of the policy usually involves high costs and the surrender value payable, if any, may be less than the total premiums paid. This is not a contract of insurance. Full details of the standard terms and conditions of this plan can be found in the relevant policy contract.
 
Information is correct at time of publishing.
 
Speak with your preferred Financial Adviser.
 
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).

 

MyWealthPlan

icn-pdf MyWealthPlan Brochure

Please contact your preferred Financial Adviser for a copy of the relevant Product Summary/ies.

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