EASY save series

Your bespoke savings plan – now served with up to 4.02% p.a., with protection guaranteed

Reach your savings aspirations with Singapore’s first online savings plan.

Our highest returns

From a guaranteed 2.02% p.a. to a projected highest return of up to 4.02% p.a.. Our best returns online are now possible as we bring savings plans directly to you.

So flexible it is made bespoke for your budget and savings aspirations

Choice of premium sizes, premium terms, and policy terms, guaranteed or projected return – pick what pleases your palate.

Guaranteed protection on your capital so you save surely

Feel assured that minimally, your capital is guaranteed at maturity. Your plan is also safeguarded under the Policy Owners’ Protection Scheme as administered by a third party, the Singapore Deposit Insurance Corporation (SDIC).

Guaranteed protection specially for you

We got you covered with death protection and extra Accidental Death Protection Booster.

Convenient and transparent. Initial payment of just $1

Easy online purchase with immediate approval. Get a benefit illustration in just 1 click. Sign up now with only $1.

Choose Etiqa, the insurance arm of Maybank Group

Etiqa pioneers the series of online savings plans – now in the form of participating and non-participating policies.

 A menu to create your bespoke savings plan to support your aspirations

eEASY save eEASY savepro
Product nature Non-participating Participating
Return at maturity Guaranteed at 2.02% p.a. Made up of guaranteed capital and projected total maturity yield from 2.65% p.a. to 4.02% p.a.
Capital guarantee At 112% upon maturity At 100% upon maturity
Premium term (payable by you) 2 years 1, 2, 4, 6, 8, or 10 years
Policy term 6 years Add 5 years to premium term
Premium sizes 1st year + 2nd year premium:

    • S$10,000 + S$5,000
    • S$30,000 + S$15,000
    • S$50,000 + S$25,000
    • S$80,000 + S$40,000
    • S$100,000 + S$50,000
Yearly premium of:

    • S$5,000 (NA for 1-year premium term)
    • S$10,000
    • S$30,000
    • S$50,000
    • S$80,000
    • S$100,000
Total maturity yield 2.02% p.a.
    • 1-year premium term and 6-year policy term: 2.65% p.a.
    • 2-year premium term and 7-year policy term: 3.02% p.a.
    • 4-year premium term and 9-year policy term: 3.28% p.a.
    • 6-year premium term and 11-year policy term: 3.63% p.a.
    • 8-year premium term and 13-year policy term: 3.85% p.a.
    • 10-year premium term and 15-year policy term: 4.02% p.a.
Death protection At 105% of total premium paid. Throughout policy term. At 105% of total premium paid. This is the minimum benefit before bonuses. Throughout policy term.
Accidental Death Protection Booster At 100% of total premium paid in addition to death protection. Covered throughout premium term.

How you may tailor EASY save series to your aspirations and life stages

8v2

Dave, 26 years old, Accountant

Planning to get married and own a HDB flat and car by 33 years old.

8v2   8v2
Dave has been accumulating his savings and bonuses in his bank account. He wonders how he could preserve his wealth against inflation, or even grow it? As he has minimal liabilities now, and is comfortable with projected returns, he decided to choose eEASY savepro for its potential to achieve the projected total maturity yield of 3.02%* p.a..
His choice: eEASY savepro, 2-year premium term of S$30,000/year, for a policy term of 7 years. At age 33, he receives a lump sum of S$72,818, at a projected total maturity yield of 3.02%* p.a. to help speed up the payment of his flat and also to get his dream car. He also receives additional death protection from his savings plan.
The illustration assumes a projected investment rate of 4.20% p.a.. Bonus rates are not guaranteed and will vary according to the future performance of the participating fund. They also do not represent the expected returns of your participating plan.

eEASY savepro benefit illustration

8v2

Ian, 30 years old, Manager

Recently married and has just received his BTO flat. Plans to have two children at the age of 35 and 37 years old. Keen to speed up his HDB repayment and save for his children’s education in his early forties.

8v2   8v2
Ian has just signed up for an HDB loan to pay off his 5-room flat, which costs S$500,000. He wants to speed up his repayment to incur less interest. Concurrently, he will like to start saving for his children’s university fees. He decided now is the time to start as he and his spouse have excess liquidity which they would like to set aside to yield potential higher returns. With their combined income, he chose eEASY savepro for its attractive returns.
His choice: eEASY savepro, 10-year premium term of S$10,000/year, for a policy term of 15 years. This works well for Ian and his wife, as the premium term will end at the age of 40 years old. Thereafter, they may have less liquidity with the anticipated arrival of their children. With this, he also receives additional death protection which safeguards against his loans and obligations in unforeseen circumstances.
At age 45, he receives a lump sum of S$152,182, at a projected total maturity yield of 4.02%* p.a., to help speed up his HDB loan repayment. He intends to re-evaluate his goals then to further save and invest the payout for his children’s education.
The illustration assumes a projected investment rate of 4.75% per annum. Bonus rates are not guaranteed and will vary according to the future performance of the participating fund. They also do not represent the expected returns of your participating plan.

eEASY savepro benefit illustration

8v2

Sharifah, 35 years old, Teacher

Married with two young children. Keen to save for a second property in her early forties.

8v2
Sharifah and her husband have spare cash in their bank account and wonder if their combined savings can reap higher returns. They are more comfortable with guaranteed returns due to their obligations to their children and home loan. At the birth of her children, she has already signed up for regular premium savings plans for their education. Now with their combined savings, she chose eEASY save for its guaranteed 2.02% p.a. return. Furthermore, its short 2-year premium term and premium size also fit into her current budget planning. She also receives additional death protection which safeguards against her obligations in unforeseen circumstances.
Her choice: eEASY save, with a 2-year premium term of S$80,000 in year 1 and S$40,000 in year 2, for a policy term of 6 years. At age 41, she receives a guaranteed lump sum of S$134,412, which delivers a guaranteed return of 2.02% p.a. and a capital guarantee of 112% at maturity. She then uses the payout to supplement the payment of her second property as an asset.

Usage based car insurance

8v2

Anika, 50 years old, Engineer

Has two children and one grandchild. Plans to retire at 55 years old. Keen to go for a grand vacation and to buy a retirement home overseas around her mid-fifties.

8v2  8v2
Anika and her husband already have a regular premium retirement plan which will hand out yearly annuities for their typical lifestyle needs. They plan to retire by 55 years old and go for a grand vacation around the world. They may also get a retirement and vacation home in Malaysia. With their combined savings, she chose eEASY save for its guaranteed 2.02% p.a. return, and because its 2-year premium term and premium size also fit into her current budget. She also receives additional death protection which safeguards against her obligations in unforeseen circumstances
Her choice: eEASY save, 2-year premium term of S$100,000 in year 1 and S$50,000 in year 2, for a policy term of 6 years. At age 56, she receives a guaranteed lump sum of S$168,015, which delivers at a guaranteed return of 2.02% p.a. and a capital guarantee of 112%. She then uses the payout to plan for an extravagant vacation and to go house hunting in Malaysia.

Usage based car insurance

Read how EASY save series of savings plans meet our customers’ savings aspirations

Saving to retire in style

I am making plans to retire early and am drawn to the attractive maturity yield which gives me one of the highest returns in the market. Upon receiving the payout, I intend to bring my wife for a luxurious month-long holiday as a start to our golden years.

Mr. Tan, 50, Manager

Saving for my child’s (overseas) university fees

This savings plan serves to pay for my child’s tertiary education and is sufficient even if he may want to go overseas to study. I was very pleasantly surprised that the purchase process is such a breeze! Information given is also very transparent and fuss-free without the need of an advisor.

Ms. Alice Chan, 35, Nurse

Saving for a dream wedding and car

I am planning to get married with my girlfriend before we turn 30 years old. Hence we decided to save together to realise her dream wedding in Bali. The additional savings returns will also contribute to getting my dream car, an Audi. What I like best is how easy and fast it was for me to get my plan online!

Mr. Timothy Yeo, 23, Engineer

Read what the media are saying about EASY save series of savings plan

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Etiqa Insurance launches a second online savings plan with up to 4.02% return p.a. following MAS guidelines on online and direct distribution of life policies

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Here’s How You Can Earn Significant Interest in a Short Period of Time with The First Ever Direct Purchase Online Savings Product

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Looking for an insurance savings plan with guaranteed returns? Here are 6 reasons you need to buy eEASY save by Etiqa Insurance!

Frequently Asked Questions

Q1: Who can buy EASY save series of savings plans? Can I buy more than one?

 

You can purchase this plan for yourself if you fulfil any one of the following:

1) You are a Singapore Resident with a valid NRIC or FIN; or

2) You are a foreigner and you own a valid Work Permit, Employment pass or Social pass.

Yes, you are able to buy more than one policy with us.

 

Q2: What is the difference between a participating and a non-participating policy?

 

  • Participating policies

Participating policies are insurance policies which provide both guaranteed and non-guaranteed benefits (e.g. in the form of bonuses).

The premiums paid for a participating policy are pooled with those of other participating policies offered by Etiqa in a specially designated ‘participating fund’.

This fund invests in a range of assets such as bonds, equities, cash, deposits, loans or other assets. The policyholders are allowed to participate and share in the profits of the participating fund. This is paid in the form of bonuses.

Depending on the performance of the participating fund, bonuses are declared annually. Once it is added or vested in the policy, it forms part of the guaranteed benefit of the policy.

If you wish to know more about life insurance participating products, you may refer to “Your Guide To Participating Policies” (English) on our website or Life Insurance Association’s website. Alternatively, we can provide you a copy of the guide upon request.

 

  • Non-participating policies

Non-participating policies are insurance policies which provides guaranteed benefits only.

The policyholder does not participate and share in the profits of the participating fund hence non-guaranteed benefits (in the form of bonuses) are not payable.

The guaranteed customer’s returns of non-participating policies are generally higher than participating policies. However, as non-participating policies do not participate in the profits of the participating fund, the total customer’s returns which consist of the guaranteed and non-guaranteed benefit (if any), are generally lower than participating policies.

 

Q3: Where is my premium(s) invested?

 

eEASY save is a non-participating plan. As such, your premiums are invested mostly in high-quality bonds.

eEASY savepro is a participating plan. As such, the premiums paid are pooled with those of other participating policies offered by Etiqa in a specially designated ‘participating fund’. This fund invests in a range of assets such as bonds, equities, cash, deposits, loans or other assets.

 

Q4: Can I find out more about Etiqa and how is my policy protected?

 

Etiqa is owned by Maybank Ageas Holdings Berhad, a joint venture company that combines local market knowledge with international insurance expertise. The company is 69% owned by Maybank, the fourth largest banking group in Southeast Asia with more than 22 million customers worldwide in 20 countries; and 31% by Ageas, an international insurance group with 33 million customers across 16 countries and a heritage that spans over 180 years. As a licensed life and general insurance company registered in the Republic of Singapore and regulated by the Monetary Authority of Singapore (MAS), we are governed by the Insurance Act.

We have been providing insurance solutions for more than 55 years and are rated “A-” by Fitch in 2017 for our financial strength and stable outlook.

Our relentless dedication to being a digital and innovative insurer has resulted in new solutions, such as pioneering EASY save series of savings plans online and direct to customers, and the delivery of a customer-centric experience, such as offering real-time flight delay claims for travel insurance, and usage-based car insurance. For more information, visit our corporate profile and media centre.

This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association (LIA) or SDIC websites.

 

Q5: Are there any useful resources which I can refer to?

 

You should consider your financial commitments (e.g. loans, family expenses and children’s educational needs) and existing insurance coverage, including insurance provided by your employer, when deciding the insurance coverage that you need. You may use the Insurance Estimator from Central Provident Fund to help you decide on the amount of coverage you need.

You should also consider whether you can afford to pay the premiums for the entire duration of the policy, taking into account your outstanding loans, regular expenses and your income over the long term. If you are unable to pay the premiums, your insurance policy will lapse (or end) and you will no longer be covered. You may use the Budget Calculator available on the MoneySENSE website to check if the premium is affordable based on your current income and expenditure.

You may also consider the different types of Direct Purchase Insurance (DPI) and other types of life policies available, and whether the life policy is suitable for your financial circumstances and needs. To do this, you may visit the Compare First website to understand the features and premiums of DPI and other types of life policies.

 

Q6: Who should I contact if I have further questions?

Our customer care team will be happy to take your questions during operating hours from Mondays to Fridays 8.30 am to 5.30 pm. Call us at +65 6887 8777 or start a live chat with us on our website. Alternatively, you may email us at customer.service@etiqa.com.sg and we will respond within two working days.

 

For the full FAQs, please view the following documents:

 

FAQs for eEASY save

FAQs for eEASY savepro

Downloads

EASY save series (for eEASY save and eEASY savepro)

Terms and Conditions for Accidental Death Benefit Plan (for Accidental Death Protection Booster)

 

Specifically for eEASY save

General Provisions Contract

FAQs

 

Specifically for eEASY savepro

General Provisions Contract

FAQs

This product is covered under PPF Scheme.

Important Notes:

This content is for reference only and is not a contract of insurance. Full details of the policy terms and conditions can be found in the policy contract.

 

Buying a life insurance policy is a long-term commitment. Early termination of the policy usually involves high costs and the surrender value (if any) may be less than the total premium paid.

 

This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association (LIA) or SDIC websites.

 

Information is correct as at 10 August 2017.