MyFlexiSaver

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Benefits of MyFlexiSaver

Now, you can have more ways to use and grow your savings! MyFlexiSaver is a flexible regular premium participating endowment plan with a 10-year policy term and a 10-year premium payment term.

More ways to use and grow your savings
  • You can use the Fixed Cash Benefits1 to offset2 the 6th to 10th year annual premiums so you only pay your premiums for 5 years (default option) or,
  • Receive the Fixed Cash Benefits from end of 5th to 9th policy year or,
  • Reinvest the Fixed Cash Benefits with non-guaranteed rate of 3% p.a.3

Protection Benefits for greater peace of mind
  • MyFlexiSaver offers insurance coverage4 on Death, Terminal Illness and Total & Permanent Disability during the policy period.
  • Enjoy wider coverage with an additional benefit payout in the event of Accidental Death5.
  • When you add Cancer Premium Waiver6 to your basic plan, you can waive future premiums of your basic plan (until end of the rider term) upon diagnosis of Major Cancer7. This way, MyFlexiSaver can continue to help you achieve your goals, even if Cancer strikes.
  • When you add EasyTerm8 (level term rider ) to your basic plan, you can get 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.

At maturity, you will receive the Maturity Benefit9 that is equivalent to 100% of Sum Assured10 plus any non-guaranteed bonuses and any reinvested Fixed Cash Benefits with non-guaranteed interest (if not previously withdrawn), less any indebtedness owed to Aviva Ltd.


Hassle-free with guaranteed issuance

Saving just got easier. That's why when you apply for both MyFlexiSaver and Cancer Premium Waiver, no medical check-ups or health questionnaires are required!




  1. Fixed Cash Benefits are paid starting from the end of the 5th policy year, payable yearly at the end of each policy year, until the year before policy maturity, upon survival of the Life Assured. Each Fixed Cash Benefit is equivalent to the annual premium payable on the basic plan.
  2. Each Fixed Cash Benefit is equivalent to the annual premium payable on the basic plan. The default option is set to offset the 6th to the 10th year annual premium. Should you prefer to choose other cash benefit options, you may instruct Aviva via a written notification.
  3. For the reinvested option, the non-guaranteed rate is currently at 3% p.a. and Aviva Ltd reserves the right to revise the non-guaranteed rate based on future experience.
  4. Receive payout of 101% of total premiums paid on basic plan, less any total Fixed Cash Benefits paid out, plus any accumulated Reversionary Bonus and Terminal Bonus and any reinvested Fixed Cash Benefits with non-guaranteed interest (if not previously withdrawn), less any amount owing to Aviva Ltd in the event of Death during the policy period. Terminal Illness and Total & Permanent Disability benefits are paid as an advancement of the Death Benefit during the policy period. For details, please refer to the Product Summary.
  5. If death is due to accidental injury before age 80 within the policy term, Aviva will pay an additional benefit equal to 101% of the total premiums paid on the basic plan, less any total Fixed Cash Benefits paid out.
  6. 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.
  7. 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 product summary for detailed terms and exclusions.
  8. 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.
  9. The Maturity Benefit is equal to 100% of the Sum Assured plus any accumulated Reversionary Bonus and any Terminal Bonus and any reinvested Fixed Cash Benefits with non-guaranteed interest (if not previously withdrawn), less any indebtedness owed to Aviva Ltd. The Reversionary Bonus and Terminal Bonus are non-guaranteed bonuses and depend on the performance of Aviva’s Participating Fund. Reversionary Bonus is non-guaranteed, but once declared, it forms part of the fixed benefit of the Policy. The non-guaranteed benefits are projected based on estimated bonus rates and actual benefits payable will depend on the future performance of the Life Participating Fund.
  10. The Sum Assured is not the Death Benefit. For details, please refer to the Product Summary.
 

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