eSAVE assure presto is a capital-guaranteed insurance savings plan underwritten by Etiqa Insurance.

eSAVE assure presto

A safe way to grow your money. When it comes to your savings, it is better to be safe.

  • Features

    eSAVE assure presto is a guaranteed issuance savings plan that provides you the flexibility to choose the way you want to receive your returns.

    • Pay for only 7 years and reap your rewards at the end of 12 years
    • Enjoy Automatic Premium Benefit that funds your premium from year 8 to 12
    • Receive your returns either in one lump sum or in 10 or 15 yearly payments
    • Your capital is guaranteed at the end of 12 years
    • In the event of the life insured’s death, this plan pays
      • Before the end of year 12:
        101% of the total premiums paid (excluding Automatic Premium Benefit) and any attaching bonuses
      • On and after the end of year 12:
        101% of the returns at the end of year 12 minus all yearly payments disbursed plus any non-guaranteed interest of 3% per annum.
    • Application is easy as this is a guaranteed issuance policy with no health checks required

    Enhance your coverage with this rider for greater protection.

    • eXTRA cancer waiver
      • Continue the policy without paying premiums until age next birthday 86 if the life insured is diagnosed with major cancers.

    How It Works

    Mr Lee (age next birthday 40, non-smoker) is married with a 7-year-old daughter, Sarah. He plans to start saving for her university education. With eSAVE assure presto, Mr Lee sets aside $6,515 each year for 7 years. At the end of 12 years, the projected returns for Sarah’s education is $58,298*.

    Scenario 1

    Mr Lee choose to receive the returns in a lump sum.

    eSAVE assure presto is a capital-guaranteed insurance savings plan underwritten by Etiqa Insurance.

    Scenario 2

    Mr Lee choose to receive the returns in 15 yearly payments.

    eSAVE assure presto is a capital-guaranteed insurance savings plan underwritten by Etiqa Insurance.

    * The example is for illustration purposes only and assumes a projected investment return of 4.75% per annum. Bonus rates are not guaranteed and will vary according to the future performance of the participating fund. The illustration under projected investment return of 4.75% per annum assumes that the Yearly Payment accumulates at 3% per annum. This interest rate is not guaranteed and is subject to change.

    Downloads

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.

Information is correct as at 12 Feb 2015.