Aviva MySavingsPlan Review
The complete Pros and Cons on Aviva MySavingsPlan
NOTE: Aviva MySavingsPlan has been discontinued. For further information and details about this plan, fill up the form below and let us advise you accordingly.
NOTE: Aviva MySavingsPlan has been phased out and is no longer available. The latest updated and upgraded version is Singlife Choice Saver.
Aviva MySavingsPlan product details
Aviva MySavingsPlan is featured for having the Highest guaranteed returns in our 3 Best Savings Plans and Endowment Policies in Singapore (2023 Edition)
Aviva MySavingsPlan is featured for Highest guaranteed returns in our 7 Best Regular Insurance Savings Plans in Singapore (2023 Edition)
Aviva MySavingsPlan Rating on InterestGuru.sg: [usr=4]
Aviva MySavingsPlan Popularity on InterestGuru.sg: [usr=3.75]
- Life policy – Endowment and Saving policy
- 100% Capital Guaranteed at the end of the policy term
- Solid savings plan for an outlay of just S$1.56 per day
- A wide range of choice of premium and policy term from 10 to 25 years to suit your savings goals
- Guaranteed lump sum payout plus potential bonuses at the end of the policy term
- Guaranteed issuance – no medical check-ups required
- Protection Cover for Death, Terminal Illness and Accidental Death
Aviva My Savings Plan is a commonly search alternative for Aviva MySavingsPlan.
Read about: Endowment and Saving policy: How does it work?
Read about: Endowment and Saving policy: Is it the best option?
Features of Aviva MySavingsPlan at a glance
Cash and Cash Withdrawal Benefits
Cash value: Yes
Cash withdrawal benefits: No
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 on your saving
Read about: Where do I start with financial planning
Aviva MySavingsPlan may be suitable if you are looking for
Aviva MySavingsPlan may potentially be a good fit if the following matters to you:
- 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 MySavingsPlan may not be suitable if you are looking for
Aviva MySavingsPlan may potentially be a bad fit if the following matters to you:
- Liquidity or flexibility of withdrawal in your Insurance policy.
- 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.
Read About: How can I accumulate a million dollar (Realistically)
Further considerations on Aviva MySavingsPlan
- How is Aviva or Aviva MySavingsPlan investment returns based on historical performance?
- How does Aviva MySavingsPlan compare with Endowment policy from other insurance companies?
- Can Aviva MySavingsPlan fulfil my financial, insurance, health and protection needs?
The above information may not fully highlight all the product details and features on Aviva MySavingsPlan. Talk to us or seek advice from a financial adviser before making any decision about Aviva MySavingsPlan.
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.
Read about: How can I accumulate a million dollar (Realistically)
Read About: 3 best Savings plans and endowment policies in Singapore (updated Jan 2023)
Where can I compare the payout and benefits of saving plans and endowment policies?
Before committing to an insurance policy, it certainly pays to make an effort to compare. Specific products features, benefits and payout will differ more than you think across insurance companies. Why regret only years later, when you find out that you are not getting the best insurance policy available for the premium paid?
Use our Compare NOW feature to receive the most competitive quotes on saving plans and endowment policies.
Alternatively, you just need to provide us with a couple of details below.
Is Aviva MySavingsPlan suitable for me?
Contact InterestGuru using the form below and a licensed financial adviser will advise you accordingly, based on your financial profile and protection needs.
All financial reviews and proposals provided are 100% free of charge. There will be no obligation to take up any proposed financial products or services in any way.
*For a limited time, get attractive incentives when you take up any products that is proposed by our team of financial planners.
We compare quotations head to head on all leading insurers in Singapore
Contact Form
