For Individuals

Retirement - MyRetirement

Myretirement

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or speak to your personal financial adviser.
 

Are you looking forward to retirement? Or are you starting to wonder if you'll have enough to get by on when the time comes?

MyRetirement

 

We understand the uncertainty you may be facing. That's why Aviva has developed a retirement product that can help you find yourself at a more comfortable place financially, by the time you choose to retire. Capital guaranteed4 and with guaranteed returns5 – it's simple, safe and sure.

If you're still unsure if you need a plan, ask yourself this simple question:

"By the time you turn 65, can you afford to retire?"

The CPF is a good start, but it may not be enough. Simply because, in retirement:

  • You have stopped working and are using your savings to sustain your lifestyle. It may not be enough.
  • The money you are saving for retirement today may be worth a lot less tomorrow due to inflation.
  • You may need to see the doctor more often as your body gives in to age. With inflation, healthcare costs are only getting more expensive.
  • You may not be able to depend on your children for financial support.

Each year, fewer members meet CPF's Minimum Sum requirement of S$139,000.1

Those who plan to set it aside as cash savings (in their retirement account) will receive a monthly payout of S$9051 for about 20 years, from age 65 onwards.

Can you sustain the lifestyle you hope for with just S$905?

A solution that's simple, safe and sure
Because 4 in 10 Singaporeans2 find financial planning for retirement too complicated, we were careful to keep MyRetirement easy to understand and f inancially accessible.

  • Monthly Guaranteed Retirement Income for 10 years starts just one month after your chosen Retirement Age.3
  • Capital guaranteed4 so you can get all your premiums back to support your retirement.
  • Guaranteed returns of up to 2.38% per annum5.
  • Choice of Retirement Age – 50, 55, 60, 65, 70 or 75 Age Next Birthday (ANB).3
  • Choice of premium payment term - as short as eight years - or affordable regular payment (up to five years before your selected retirement age).
  1. Source: Aviva's Consumers Attitudes to Saving, February 2010 to November 2011. CPF Minimum Sum at $139,000 as announced by CPF Board on 30 May 2012. Payout of S$826-905 is based on Singaporean female, born on 1 January 1954, with Retirement Account balance of S$139,000. She chose LIFE Basic Plan under the CPF Life Scheme. Source: https://www.cpf.gov.sg/cpf_trans/ssl/financial_model/lifecal/index.html. accessed on 13 August 2012.
  2. Source: Aviva's Consumers Attitudes to Saving, February 2010 to November 2011. and "Tharman gives assurance on CPF retirement savings" in Straits Times, 6 March 2012.
  3. At start of the Plan, you can choose from our range of Retirement Ages available. They are 50, 55, 60, 65, 70 and 75 (ANB). Payments of the monthly Guaranteed Retirement Income Benefit will start one month following your selected Retirement Age.
  4. Capital is guaranteed at the selected Retirement Age.
  5. Guaranteed returns of up to 2.38% per annum is only upon policy maturity. This is based on an entry age of 17 Age Next Birthday (ANB) with eight years limited premium payment term where customer will receive monthly Guaranteed Retirement Income of S$1,000, based on 75 (ANB) as selected Retirement Age.

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 MyRetirement 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 health insurance products that are not suitable for you may impact your ability to finance your future healthcare needs. 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 correct at time of publishing.

 

EasyTerm and Cancer Premium Waiver (CPW) riders

 
 

Want more protection?

Enjoy peace of mind knowing your loved ones are well taken care of in times of need by enhancing your coverage with EasyTerm and/or Cancer Premium Waiver.

  • EasyTerm1 is a level rider that provides you a lump sum cash payment of up to 5 times your basic plan’s total annual premium so you can pay all or part of your mortgage, pay for your children’s education, or provide for your dependents should the unforeseen occur.
  • Upon diagnosis of Major Cancers2, Cancer Premium Waiver2 waives the future premiums of your basic plan, and the future EasyTerm premiums (if attached) until end of the rider term for Cancer Premium Waiver so as to help you save for your goals.


 

  1. EasyTerm provides a lump sum cash payment in the event of your Death, Terminal Illness or Total & Permanent Disability. For details, please refer to the Key Provisions in the EasyTerm’s product summary. It contains details of Exclusions, Waiting Period and Benefit Limitation.
  2. For details, please refer to the Key Provisions in the Cancer Premium Waiver’s product summary. It contains details of Exclusions, Waiting Period, Survival Period and Benefit Limitation. Definition of Major Cancers: A malignant tumour characterised by the uncontrolled growth and spread of malignant cells with invasion and destruction of normal tissue. The diagnosis must be supported by histological evidence of malignancy and confirmed by an oncologist or pathologist. Please refer to Cancer Premium Waiver’s product summary for detailed terms and exclusions.


 

The information on this page is only an overview of the benefits of EasyTerm, and not a contract of insurance. The detailed terms and conditions of this plan are provided in the relevant policy contract. The information on this page 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 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. Buying life insurance products is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value, if any, may be less than the total premium paid. 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. Information is correct at time of publishing.
 

MyRetirement

icn-pdf MyRetirement Brochure

Please contact your preferred Financial Advisor, or an Aviva Advisor, for a copy of the relevant Product Summary/ies.

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