Savings

Savings - MyEasySaver

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Most people know that saving is a good habit.

But for many people, saving up their money is a painful task. Online shopping makes it so easy to buy cheap but trivial items on impulse. Or seeing social media photos of friends going on holidays entices us to do the same.

So how can you balance your need to spend as well as save?

Introducing MyEasySaver.

 

MyEasySaver is a savings plan that pays you a sum of money annually from the end of 2nd policy year and after.

With MyEasySaver, you can save up to enjoy little pleasures in life. In the meantime, the guaranteed lump sum payout1 and potential bonuses2 at the end of the policy term can also help you to meet your long-term savings goals.

The commitment? Just a minimum of S$3.61 per day3! That’s less than the price of a latte!

Key benefits:

  • Enjoy the annual Guaranteed Cash Benefits from the end of the 2nd policy year and a guaranteed lump sum payout at the end of the policy term4
     
  • Get potential returns of up to 2.88% per annum at the end of the policy term5
     
  • Choose premium and policy terms at 12, 15, 18 or 25 years
     
  • Enjoy hassle-free application with no medical check-ups
     
  • Choose how you want to enjoy your Guaranteed Cash Benefits:
    • Receive (and spend!) the Guaranteed Cash Benefits;
    • Reinvest the Guaranteed Cash Benefits with a non-guaranteed interest rate of 3% per annum6
    • Withdraw any re-invested Guaranteed Cash Benefits with interest
  • Protection Cover for Death, Terminal Illness and Accidental Death

How MyEasySaver works...

Click on the image to enlarge

 


Footnotes

  1. The guaranteed lump sum payout refers to the Guaranteed Maturity Value payable at the end of the policy term. The total guaranteed benefits at the end of the policy term will equal to 160% of the Sum Assured. Please refer to the Product Summary for more details.
  2. The potential lump sum bonuses refer to the projected bonuses which are made up of accumulated Reversionary Bonus and Terminal Bonus (if any). The Reversionary Bonus and Terminal Bonus are non-guaranteed bonuses are depend on the performance of Aviva Ltd’s 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.
  3. Premium is based on male, non-smoker who chose a Sum Assured of S$15,000 for a 25-year premium and policy term. Illustrated daily premium rate is derived using annual premium amount divided by 365 days, rounding up to the nearest one cent.
  4. The Guaranteed Cash Benefits will start from the end of the 2nd policy year, payable yearly at the end of each policy year, till the policy year before maturity, upon survival of the Life Assured. Each Guaranteed Cash Benefit is equivalent to 5% of the Sum Assured on the basic plan. The guaranteed lump sum payout refers to the Guaranteed Maturity Value payable at the end of the policy term. The total guaranteed benefits at the end of the policy term will equal to 160% of the Sum Assured. Please refer to the Product Summary for more details.
  5. Potential returns are based on male, non-smoke who chose a Sum Assured of S$300,000 and annual payment mode for a 25-year premium and policy term. The 2.88% per annum is derived based on the project investment rate of return of 4.75% per annum, assuming the Guaranteed Cash Benefits are re-invested at the non-guaranteed interest rate of 3% per annum.
  6. For the re-invested option, the non-guaranteed rate is currently at 3% per annum and Aviva Ltd reserves the right to revise the non-guaranteed based on future experience.
     


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.

 

MyEasySaver

MyEasySaver Brochure

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

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