Aviva MyRegularPay Review
The complete Pros and Cons on Aviva MyRegularPay
Aviva MyRegularPay has been discontinued. For further information and details about this plan, fill up the form below and let us advise you accordingly.
Aviva MyRegularPay product details
- Life policy – Endowment and Saving policy
- Enjoy annual Guaranteed Cash Benefits from the end of the 2nd policy year onwards. Each annual cash benefit is 5% of the Sum Assured you’ve decided
- Get a lump sum amount plus potential bonuses, at the end of the policy term.
- 100% capital guaranteed at maturity
- Pay premiums for only 10 years
- Choice of the policy term to achieve your savings goal: 15 years or 18 years
- Don’t feel like taking that annual payout? No worries – just put it back into the policy for greater earnings! Reinvest the Guaranteed Cash Benefits with a non-guaranteed interest rate of 3%p.a
Aviva My Regular Pay is a common search alternative for Aviva MyRegularPay.
Read About: Endowment and Saving policy: How does it work?
Read About: Endowment and Saving policy: Is it the best option?
Features of Aviva MyRegularPay 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 MyRegularPay may be suitable if you are looking for
Aviva MyRegularPay 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 MyRegularPay may not be suitable if you are looking for
Aviva MyRegularPay 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 MyRegularPay
- How is Aviva or Aviva MyRegularPay investment returns based on historical performance?
- How does AvivaMyRegularPay compare with Endowment policy from other insurance companies?
- Can Aviva MyRegularPay fulfil my financial, insurance, health and protection needs?
The above information may not fully highlight all the product details and features on Aviva MyRegularPay. Talk to us or seek advice from a financial adviser before making any decision about Aviva MyRegularPay.
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.
Is Aviva MyRegularPay suitable for me?
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