Savings with Protection
A 10-year endowment plan that gives you cash payouts with flexible options and insurance coverage with protection benefits.
Whether you are saving for your child's university education, an upgrade to a bigger home, or towards your retirement fund, MyFlexiSaver can help you.
When you apply for both MyFlexiSaver and Cancer Premium Waiver, no medical check-ups or health questionnaires are required.
Mr Chia, 35 Age Next Birthday, decides to save for his house renovation. Mr Chia estimates that he would need S$32,000 in 10 years' time and thus decides to sign up for MyFlexiSaver with a Sum Assured6 of S$20,000.
Note: Above illustration is based on MyFlexiSaver with S$20,000 as Sum Assured. Mr Chia would pay an annual premium of S$5,056 (rounded up) for 10 years. For Option A, Mr Chia decides to offset his 6th to 10th year premiums by using the Fixed Cash Benefits. The non-guaranteed bonuses of S$10,920 are projected at a projected investment rate of return of 4.75%. Hence, the total projected Maturity Benefit is S$30,920 based on Sum Assured of S$20,000 + non-guaranteed bonuses of S$10,920, as per the Benefit Illustration. For Option B, Mr Chia decides to reinvest all of his Fixed Cash Benefits. The reinvested Fixed Cash Benefits will be accumulated at a non-guaranteed rate of 3% p.a.9. Hence, the total projected Maturity Benefit is S$58,565 based on Sum Assured of S$20,000 + non-guaranteed bonuses of S$10,920 + reinvested Fixed Cash Benefits with projected non-guaranteed interest of S$27,645. The non-guaranteed bonuses are projected at a projected investment rate of return of 4,75% (S$10,920), which is the higher rate as illustrated in the Benefit Illustration and will depend on the performance of Aviva's Participating Fund. For details, please refer to the product summary. All figures are in Singapore dollars. The numbers in the illustration above have been rounded up.
With MyFlexiSaver, Mr Chia can add on a Cancer Premium Waiver for less than 1% of his basic plan premiums (S$48.05 annual premium). This will ensure that Mr Chia's future premium payments of his MyFlexiSaver plan are covered7 upon diagnosis of Major Cancer4, and his savings plan remains intact.