eSAVE assure 5 presto is a guaranteed issuance endowment plan with a short premium commitment period.
Automatic Premium Benefit (APB) will fund your premiums from the 6th to 10th policy year.
A lump sum maturity benefit will be paid out at the end of 10 years.
The total premiums paid for the basic plan and rider (if attached) is guaranteed at the end of the 10 years.
Death benefit is equivalent to 105% of total premiums paid on the basic plan plus any bonuses.
No health checks required.
Continue the policy without paying premiums if the life insured is diagnosed with major cancers with our compulsory supplementary benefit, Cancer Waiver1 rider.
1Cancer Waiver is offered to the life insured with entry age from 17 to 60.
James (age 50, non-smoker), plans to accumulate savings regularly to fund his financial goals in 10 years’ time. As he has other financial commitments, he prefers a policy with a short premium term.
With eSAVE assure 5 presto, James sets aside $10,074 annually for the first 5 years. Upon maturity of the policy, he will receive a lump sum2 of $62,603 with an illustrated total maturity yield2 of 2.75% per annum.
The scenario(s) above are for illustration purposes only.
2The above illustrated values use bonus rates assuming an illustrated investment rate of return of 4.75% per annum. Assuming an illustrated investment rate of return of 3.25% per annum, the total maturity benefit for eSAVE assure 5 presto is S$54,187 and the total maturity yield is 0.84% per annum. The two rates, 4.75% per annum and 3.25% per annum, are used purely for illustrative purposes and do not represent the upper and lower limits on the investment performance of the participating fund. As the bonus rates are not guaranteed, the actual benefits payable will vary according to the future performance of the participating fund. Past performance or any forecasts are not necessarily indicative of the future or likely performance of your participating policy. The scenario above includes the premium of the compulsory supplementary benefit.
Age means the age at next birthday.
You should seek advice from a financial adviser before deciding to purchase the policy. If you choose not to seek advice, you should consider if the policy is suitable for you.
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 (www.lia.org.sg or www.sdic.org.sg).
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.
As buying a life insurance policy is a long-term commitment, an early termination of the policy usually involves high costs and the surrender value, if any, that is payable to you may be zero or less than the total premiums paid.
This advertisement has not been reviewed by the Monetary Authority of Singapore.
Information is correct as at 9 October 2019.