Etiqa-Insurance Savings Plan

eSAVE enhance

Make sure inflation doesn’t erode all the value of your hard-earned savings.

  • Features

    Planning in life is as significant as execution.

    A well-laid plan is essential, but even the best plans require adequate actions. Your goals for the future are important and we would like to give you a hand with them – be it saving for a child’s education, downpayment on your dream home or an early retirement. While saving, you can also enjoy protection against life’s unforeseen circumstances.

    We celebrate your commitment to the future.

    eSAVE enhance is a regular premium insurance savings plan that helps you cultivate the habit of disciplined savings.

    • Flexible policy term of 10 to 25 years
    • Maturity Benefit at the end of policy term for financing your goals
    • Extra Protection against life’s major twists
      • Receive a lump sum guaranteed death benefit and any added bonuses upon death or in the event of total and permanent disability or terminal illness before age next birthday 71. When needed, we also provide a cash advance for immediate funeral expense financial aid.
    • Enjoy greater protection with Guaranteed Insurability Benefit (GIB)
      • We guarantee the approval of a new term or endowment policy regardless of health status – on up to any 2 of these key life events:
        • Getting married
        • Having a child / Legally adopting a child
        • Graduating from tertiary education

    Enhance your coverage with these riders for greater protection.

    • eXTRA essential
      • Receive an extra lump sum cash payment upon death or in the event of terminal illness before age next birthday 71 of the life insured.
    • eXTRA secure
      • Get an advance payment from your policy if the life insured is diagnosed with a critical illness.
    • eXTRA secure waiver
      • Continue the policy without paying premiums if the life insured is diagnosed with a critical illness.
    • eXTRA payer waiver
      • Continue the policy without paying premiums until the life insured reaches age next birthday 25 upon the payer’s death, diagnosis of total and permanent disability or a critical illness.
    • eXTRA accident cover
      • Receive an extra cash payment if life insured suffer injury or death due to an accident. Additional option is available to cover medical expenses and weekly income due to accident.

    How It Works

    Scenario 1

    Linda (age next birthday 30, non-smoker) wants to save for her newborn son, Isaac’s university education. She sets aside $5,648 yearly for the next 20 years with eSAVE enhance. At the end of 20 years, Linda’s total projected maturity benefit will be $167,290* for Isaac’s education funds.

    esave_exhance_pic01

    Scenario 2

    Joshua (age next birthday 40, non-smoker) is planning to retire at age 65. He puts aside $11,233 yearly for the next 25 years with eSAVE enhance. At the end of 25 years, Joshua can look forward to receiving a projected maturity benefit of $475,991* for his retirement.

    esave_exhance_pic02

    * The examples are for illustration purposes only and assume 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.

    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 25 May 2015.