Endowment Plan

2.25% Guaranteed Interest for Aviva’s 3-year Single Premium Endowment Plan (Eligible for SRS)

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Ivan Guan
May 27, 2019
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Topics: Savings Plan, Short Term Endowment Plan, Singapore Savings Bond, SRS

The single premium endowment plan has gained popularity over the recent years. With the successful launch of NTUC Income’s Capital Plus and China Taiping’s i-Save, Aviva decided to jump on the bandwagon by offering a similar three-year endowment plan called MySecureSaver. The plan offers 2.25% Guaranteed Interest per year for 3 years, which is higher than banks’ fixed deposit rates and Singapore Savings Bond (SSB)‘s interest.

What is MySecureSaver?

Aviva’s MySecureSaver is a single premium, non-participating savings plan. This means that all returns are guaranteed. The plan offers:

  • Guaranteed maturity yield – 2.25% over 3 years.
  • Capital guarantee upon maturity.
  • Guaranteed issuance without the need for medical check-ups – hassle-free application.
  • Death Benefit – pays out 101% of your single premium upon your death.

How does MySecureSaver work?

Suppose you want to save for the down payment of a new home in three years’ time and you don’t want to invest in the stock markets amidst the US-China Trade War.

You will receive $213,820 for a $200,000 savings.

How can you buy this plan?

Unlike other single premium plans which you can only use cash, you can use either of the following to fund this plan.

The minimum premium requirement is $20,000 and the maximum premium you can buy per person is $1 million.

If you like this product, subscribe to my mailing list below and you will be notified for similar offers in the future.

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About the Author

Ivan Guan is the author of the popular book "FIRE Your Retirement". He is an independent financial adviser with more than a decade of knowledge and experience in providing financial advisory services to both individuals and businesses. He specializes in investment planning and portfolio management for early retirement. His blog provides practical financial tips, strategies and resources to help people achieve financial freedom. Follow his Telegram Channel to join the FIRE community.
The views and opinions expressed in this article are those of the author. This does not reflect the official position of any agency, organization, employer or company. Refer to full disclaimers here.

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  • Hi Ivan
    If someone invest $200K after 3 years he or she will get $213,500 because $200k = 2.25% per year is $4.5 k and there years is $13.5k so total is $213.5K only.

    Reply

  • There’s a typo in your content.

    Just above the image illustration, “You will receive $213,920 for a $200,000 savings.”

    should be “You will receive $213,*8*20……..”

    Reply
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