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.

• Cash
• Supplementary Retirement Scheme (SRS)

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.