For Individuals

Retirement - MyRetirementChoice


Alternatively, speak to your personal financial adviser.  

What’s your plan for retirement?

When it comes to retirement, there are a lot of positives to consider.

Singaporeans with an average life expectancy of 83.1 years are now ranked 3rd in the world for life expectancy*, after Japan and Switzerland!

So we should start planning for a long and hopefully happy retirement. There’s opportunity to preserve our health and well-being by staying occupied and healthy. Retirement can be a time to anticipate moving forward with joy and excitement.

*Source: Singapore 3rd in the world life expectancy: WHO report, todayonline, updated 18 May 2017

So how can we plan for this to happen successfully?

  • Start retirement with a bang by having some cash put aside for a celebration – a party, a dream trip or maybe a fresh start in a purpose-built home.
  • Plan for a sustainable lifestyle, with a monthly income that supports it.
  • For bumps along the way, a good retirement plan should have built-in protection against disability, especially with all the risks that come with old age.

Do you have a plan that caters for all the above so that you can retire better?



A plan that empowers you to retire whenever you want and gives you plenty of income payout options to suit the retirement lifestyle of your dreams.

  • Kick-start your retirement planning with these options:
    • Decide the age when you want to retire
    • Choose the Guaranteed Monthly Income1 (GMI) you want to receive during your retired years
    • Choose the payout period for your retirement income – from 5 to 35 years2
    • Choose the premium term – 5, 10, 15, 20 or 25 years
  • Various income payout options for your desired retirement lifestyle
    • Guaranteed Monthly Income (GMI) + potential Monthly Cash Bonuses3 (MCB)
    • Option to receive a lump sum bonus at your retirement age 4, or
    • Convert the lump sum bonus into Additional Monthly Income (AMI)
    • Choose to re-invest your monthly retirement income at 3% p.a. (non-guaranteed)
  • 100% capital guaranteed at time of your retirement + Guaranteed returns of up to 2.63% per annum 5
  • Ease your financial burden with Care Income Benefits6
  • Hassle-free application - No health underwriting needed
  • Premium waiver- no need to pay premiums if you become disabled7



  1. The minimum amount of Guaranteed Monthly Income (GMI) is either S$300 per month or is derived from the minimum total annual premium of S$800, whichever is higher.
  2. Payout period of the retirement income is any period from 5 years (at every 1 year interval) up to 35 years. The last age of receiving the Monthly Total Income must be less than age 99 (Next birthday).
  3. GMI and Monthly Cash Bonuses (MCB) are part of the Monthly Total Income (MTI) benefit which the policyholder will receive at the end of the Accumulation Period. MTI may also include the Additional Monthly Income (AMI) if the policyholder decides to convert their accrued Revisionary Bonus to AMI at the end of Accumulation Period. Accumulation period is the period from the Premium End Date of the Basic Plan until the Policy Anniversary prior to the date of the first GMI payout.
    Policyholder will receive the MTI, less any amount owing to Aviva for the selected Income Payout Period. Payments of the MTI will start one month following the selected Accumulation Period throughout the Income Payout Period as chosen by policyholder. The MCB is not guaranteed.
  4. Policyholder may choose the following:
    • withdraw the accrued Reversionary Bonus in one lump sum which will be payable at the Policy Anniversary immediately after the end of the Accumulation Period; or
    • convert the accrued Reversionary Bonus into AMI at the Policy Anniversary immediately after the end of the Accumulation Period.
    Please refer to the Product Summary for details.
  5. Capital guarantee only applies at the end of chosen accumulation period after 100% of the total premium is paid before the end of grace period.

    The Guaranteed return of 2.63% per annum is for illustration purpose and is based on the following criteria- Female, aged 17 at next birthday, non-smoker, who opted for Premium Term: 5 years, Accumulation Period: 38 Years, Guaranteed Monthly Income: S$1,000, Income Payout Period: 15 years and Annual premium: S$10,290.45 per year. The Guaranteed return only applies at the end of the policy term after the policy matures.
  6. During the Income Payout Period, if the Life Assured is unable to perform at least three of the six Activities of Daily Living (ADLs) despite the aid of special equipment, and requires the physical assistance of another person to perform the ADLs (the “Partial Disability Definition”), Aviva will pay Care Income Benefit equivalent to the chosen GMI starting from the next GMI payment date, after a 90 days period from and including the date of commencement of the Partial Disability (the “Deferment Period”).

    The Care Income Benefit will be paid together with the MTI as long as the Life Assured meets the Partial Disability Definition during the Income Payout Period. This benefit will end immediately on the date the Life Assured no longer meets the Partial Disability Definition or upon the death of the Life Assured. The diagnosis of the Partial Disability must be confirmed and certified by a Registered Medical Practitioner. Please refer to the Product Summary for details.
  7. “Total and Permanent Disability”or “Totally and Permanently Disabled” is defined as any of the following:
    • Disability which is total and permanent and persists continuously for at least six months, with the Life Assured incapable of performing any work or engaging in any occupation or profession to earn or obtain wages, compensation or profit, from the time when the disability started.

    • Total and irrecoverable:
      • Loss of sight of both eyes;
      • Loss of sight of one eye and loss by severance or loss of use of one limb at or above the ankle or wrist;
      • Loss by severance or loss of use of:
        • Both hands at or above the wrists;
        • Both feet at or above the ankles; or
        • One hand at or above the wrist and one foot at or above the ankle.
    • In the event where the Life Assured becomes totally and permanently unable to perform (due to disease, illness or injury) at least three of the six Activities of Daily Living (ADLs) (despite the aid of special equipment) and requires the physical assistance of another person to perform at least three of the following six ADLs for at least six continuous months.

  8. A Registered Medical Practitioner must first confirm and certify the diagnosis of Total and Permanent Disability before Aviva admit any claim for this Premium Waiver.




Add these riders to your plan to enhance your coverage.
  • Cancer Premium Waiver

    Upon diagnosis of major cancers, future premiums will be waived so that you can focus on your treatment and recovery instead of worrying about financing your retirement plan.

  • Critical Illness Premium Waiver

    Future premiums are waived upon diagnosis of any of the 35 covered Critical Illnesses so that you can better focus on recovery.

  • EasyPayer Premium Waiver

    Future premiums are waived in the event of Death, Terminal Illness or Total and Permanent Disability. This means that if any of these were to happen to you and you’re the payer of your spouse’s policies, their retirement fund will continue.

  • EasyTerm

    Lump sum cash payment in the event of Death, Terminal Illness or Total and Permanent Disability of up to 5 times your basic plan’s total annual premium. Pay all or part of your mortgage, your children’s education, or leave behind a trust for your dependants.

  • Payer Critical Illness Premium Waiver

    If you are paying for your spouse’s MyRetirementChoice plan and you are diagnosed with any of the covered 35 Critical Illnesses, the future premiums of their plan are waived. This means that you can focus on your recovery and their savings will continue to grow without further financing.


For more details on riders, please refer to their respective Product Summaries.



icn-pdf MyRetirementChoice Brochure

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























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