Aviva MyEduPlan Review
The complete Pros and Cons on Aviva MyEduPlan
Aviva MyEduPlan has been discontinued. For further information and details about this plan, fill up the form below and let us advise you accordingly.
Aviva MyEduPlan product details
- Life policy – Endowment and Saving policy
- Receive 4 Guaranteed Cash Benefits for your child’s University education, payable from the Payout Age onwards
- Benefit from our 2 additional Guaranteed Cash Benefits, payable prior to the Payout Age. You can use them to celebrate your child’s educational milestones, or simply to meet expenses such as a laptop purchase or airfare to visit an overseas campus
- Receive Projected Bonuses upon maturity
- Choose from our two Payout Ages according to your child’s needs, 19 or 21 years at Age Next Birthday (ANB)
- Pay premiums for only 10 years
- 100% principal guaranteed upon maturity
Aviva My Edu Plan is a common search alternative for Aviva MyEduPlan.
Read About: Endowment and Saving policy: How does it work?
Read About: Endowment and Saving policy: Is it the best option?
Features of Aviva MyEduPlan 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
Cancer Premium Waiver
EasyPayer Premium Waiver
EasyTerm
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 MyEduPlan may be suitable if you are looking for
Aviva MyEduPlan 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 MyEduPlan may not be suitable if you are looking for
Aviva MyEduPlan 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 MyEduPlan
- How is Aviva or Aviva MyEduPlan investment returns based on historical performance?
- How does Aviva MyEduPlan compare with Endowment policy from other insurance companies?
- Can Aviva MyEduPlan fulfil my financial, insurance, health and protection needs?
The above information may not fully highlight all the product details and features on Aviva MyEduPlan. Talk to us or seek advice from a financial adviser before making any decision about Aviva MyEduPlan.
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.
Is Aviva MyEduPlan suitable for me?
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