Aviva MyEasySaver Review
The complete Pros and Cons on Aviva MyEasySaver Review
NOTE: Aviva MyEasySaver has been phased out and is no longer available. Aviva has since been acquired by Singlife, and the updated and upgraded version is Singlife Steadypay Saver.
Aviva MyEasySaver product details
Aviva MyEasySaver Product Rating: [usr=3.95]
Aviva MyEasySaver Choice Popularity on InterestGuru.sg: [usr=4.05]
Read About: 3 best Savings plans and endowment policies in Singapore (updated 2023)
- Life policy – Endowment and Saving policy
- Enjoy the annual Guaranteed Cash Benefits from the end of the 2nd policy year and a guaranteed lump sum payout at the end of the policy term
- Choose how you want to enjoy your Guaranteed Cash Benefits:
- Reinvest the Guaranteed Cash Benefits with a non-guaranteed interest rate of 3% per annum
- Withdraw any re-invested Guaranteed Cash Benefits with interest
- Receive (and spend) the Guaranteed Cash Benefits
- Get potential returns of up to 2.88% per annum at the end of the policy term
- Choose premium and policy terms at 12, 15, 18 or 25 years
- Enjoy hassle-free application with no medical check-ups
- Protection Cover for Death, Terminal Illness and Accidental Death
Aviva My Easy Saver is a common search alternative for Aviva MyEasySaver.
Read About: Endowment and Saving policy: How does it work?
Read About: Endowment and Saving policy: Is it the best option?
Features of Aviva MyEasySaver at a glance
Cash and Cash Withdrawal Benefits
Cash value: Yes
Cash withdrawal benefits: Yes
Health and Insurance Coverage
Death: Yes
Total Permanent Disability: No
Terminal Illness: Yes
Critical Illness: No
Early Critical Illness: No
Health and Insurance Coverage Multiplier
Death: No
Total Permanent Disability: No
Terminal Illness: No
Critical Illness: No
Early Critical Illness: No
Optional Add-on Riders
EasyTerm
Cancer Premium Waiver
EasyPayer Premium Waiver
Additional Features and Benefits
Yes.
Read About: Effects of compounding returns
Read About: 3 things to consider before taking up a new financial product
Aviva MyEasySaver may be suitable if you are looking for
Aviva MyEasySaver may potentially be a good fit if the following matters to you:
- Liquidity or flexibility of withdrawal in your Insurance policy.
- A hassle-free application without medical underwriting
- Short to medium term endowment and savings plan
- To saving regularly over a period of time
- To potentially generate higher financial returns compared to bank accounts
Aviva MyEasySaver may not be suitable if you are looking for
Aviva MyEasySaver may potentially be a bad fit if the following matters to you:
- Health and Protection coverage
- High insurance coverage for Death or Terminal Illness
- Insurance coverage for Early Critical Illness, Critical Illness or Total Permanent Disability
- Lifetime regular cash payout
- A one-time premium commitment with no further cash commitment
- Potentially higher financial returns compared to a pure investment product.
- Insurance policy with a high surrender value in the early years of the policy.
Further considerations on Aviva MyEasySaver
- How is Aviva or Aviva MyEasySaver investment returns based on historical performance?
- How does Aviva MyEasySaver compare with Endowment policy from other insurance companies?
- Can Aviva MyEasySaver fulfil my financial, insurance, health and protection needs?
The above information may not fully highlight all the product details and features on Aviva MyEasySaver. Talk to us or seek advice from a financial adviser before making any decision about Aviva MyEasySaver.
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.
Read About: 3 best Savings plans and endowment policies in Singapore (updated 2023)
Is Aviva MyEasySaver suitable for me?
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