MyLifeIncome II

Terms and Conditions apply. 
For more details, please refer to the product brochure and Product Summary or speak to your preferred financial adviser representative.

¹Yearly Income will be payable at the end of every policy year starting from the end of the Accumulation Period, less any amount owing to Aviva Ltd, as long as the Life Assured is alive and while the Policy is in force.

The Yearly Income consists of:

a) Guaranteed Cash Benefit at 0.95% of the Sum Assured; and
b) Cash Bonus (non-guaranteed), if any at 5.40%* or 2.90%* of the Sum Assured.

*Cash Bonus rates indicated above are based on illustrated investment rates of return of 4.75% and 3.25% per annum respectively as illustrated in the Policy Illustration. Please refer to the Policy Illustration for further information.

²The Sum Assured is used to determine the Guaranteed Cash Benefit, Cash Bonus (non-guaranteed) and Booster Bonus (non-guaranteed) payable and is not the Death Benefit.

³The Guaranteed Cash Surrender Value is equivalent to Total Premiums Paid as at the end of Accumulation Period or the end of:

a) 8^th policy year for Single Premium payment term;
b) 13^th policy year for 3 years premium payment term;
c) 15^th policy year for 5, 10, 15 years premium payment term; or
d) 25^th policy year for 20 or 25 years premium payment term;
whichever is earliest, subject to terms and conditions of the policy. 

The Guaranteed Cash Surrender Value will increase at 0.25% per annum (compounded) starting from the 5^th policy year after the end of the Accumulation Period. 

⁴The Booster Bonus is non-guaranteed and at 0.5%^ or 0.3%^ of the Sum Assured. It will be payable every policy year starting from the Policy Anniversary immediately following:

a) the date on which the Life Assured attained 60 ANB; or
b) the end of the 20th policy year after the Accumulation Period ends,
whichever is later, as long as the Life Assured is alive and while the policy is in force.

^Booster Bonus rates indicated above are based on illustrated investment rates of return of 4.75% and 3.25% per annum respectively as illustrated in the Policy Illustration. Please refer to the Policy Illustration for further information.

⁵Death and Terminal Illness coverage are subject to the following conditions:

For Death Benefit 
While the Policy is in force, in the event of death of the Life Assured:
The lump sum Death Benefit payable will comprise:
a) The higher of:
- 101% of Total Premiums Paid for the basic plan (excluding advance premiums and premiums for Supplementary Benefits (if any) attached to the Policy); or 
- the Guaranteed Cash Surrender Value;
b) Terminal Bonus as declared by Aviva Ltd (if any); and
c) Any reinvested Yearly Income and Booster Bonus with non-guaranteed interest (if not previously withdrawn); 
less any amount owing to Aviva Ltd.

For Terminal Illness Benefit
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.

⁶For policy funded by Supplementary Retirement Scheme (SRS) monies, the policyholder must be the Life Assured covered under the policy.

⁷Subject to the sum of entry age and premium payment term up to a maximum of 75 ANB.

⁸For details, please refer to the riders' respective Product Summaries.