Saving shouldn't be tough on your spending
Enjoy the security of future savings while still having the freedom to spend wisely
Spend while you save
Receive annual payout from the end of the 2nd policy year onwards so that you can enjoy shopping, travelling or whatever you fancy.
Set aside cash for when you need it in the future
Receive guaranteed lump sum payout1 plus potential bonuses2 at the end of the policy term.
An easy way to commit to your savings goal
Start saving from as little as S$3.61 per day3.
Spend on the good stuff, guilt-free
It's easy when you've committed to a steady savings plan with an annual cash payout
|Key benefits||Coverage / Options|
|Guaranteed Cash Benefits4||Receive yearly payout from the end of the 2nd policy year onwards. Each annual payment is 5% of the Sum Assured5 you've chosen|
|Guaranteed lump sum payout1 plus potential bonuses2||At the end of the policy term|
|Potential returns||Up to 2.88% per annum6 at the end of the policy term|
|Choose premium and policy terms||12, 15, 18 or 25 years|
|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 annum7
• Withdraw any re-invested Guaranteed Cash Benefits with interest
|Protection Cover||For Death, Terminal Illness and Accidental Death8|
|Hassle-free application||No medical check-ups needed|
Level up your cover
Need enhanced coverage? Consider these add-ons when you buy
Cancer Premium Waiver
9Upon diagnosis of Major Cancers10 of the policy owner, all your future premiums are waived, so you don't have to worry about your savings as you focus on getting better.
9A lump sum cash payment of up to 10 times your basic plan's annual premium. This is paid out when you die or if you become terminally ill or permanently disabled. With the funds, you can pay all or part of your mortgage, your children's education, or provide a legacy for your dependants.
EasyPayer Premium Waiver
9In the event of Death, Terminal Illness or Total and Permanent Disability of the policy owner, all future premiums are waived and your loved one's savings fund will continue to grow.
Click for important notes and disclaimers
Terms and Conditions apply.
For complete details, please refer to the product brochure and product summary or speak to your preferred financial adviser representative.
1The 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.
2The 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 and 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.
3Premium 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.
4The 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. Please refer to the Product Summary for more details.
5The Sum Assured in the basic plan is used to determine the Guaranteed Cash Benefits payable and is not the Death Benefit.
6Potential returns are based on male, non-smoker 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 projected 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.
7For 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 rate based on future experience.
8Upon death of the Life Assured within the policy term, Aviva will pay, in one lump sum, higher of (101% of the total premiums paid on the basic plan less any Guaranteed Cash Benefits paid) or the Guaranteed Cash Surrender Value, plus any accrued reversionary bonus and terminal bonus (non-guaranteed) and any re-invested Guaranteed Cash Benefits with non-guaranteed interests (if not previously withdrawn), less any amount owing to Aviva Ltd. Aviva Ltd will pay the Terminal Illness Benefit as an advancement of the Death Benefit during the policy period. For details, please refer to the Product Summary.
We will pay the Sum Assured on the basic plan, in addition to the Death Benefit in one lump sum, if death is due to accidental injury before age 80 at next birthday within the policy term.
9For 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).
10Definition of Major Cancers: A malignant tumour positively diagnosed with histological confirmation and characterised by the uncontrolled growth of malignant cells with invasion and destruction of normal tissue. The term malignant tumour includes leukaemia, lymphoma and sarcoma. Please refer to the Product Summary for the exact terms and conditions.
The 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 copy of the Product Summary may be obtained from Aviva Ltd and the participating distributor's 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 product. In the event that you choose not to seek advice from a financial adviser representative, you should consider whether the product in question is suitable for you.
Buying a life and health 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. Buying life and health insurance products that are not suitable for you may impact your ability to finance your future life and 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 last updated in October 2017.
This policy is protected under the Policy Owners' Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (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 Singapore or SDIC websites (www.lia.org.sg or www.sdic.org.sg).