Etiqa-Insurance Savings Plan-eSAVE flexi

eSAVE flexi

Get guaranteed yearly cash benefits while you save. Now you can have your cake and eat it too!

  • Features

    We know how important assurance is for you.

    Investments are tricky and the rising cost of living makes saving even harder. We want to make life easier for you. eSAVE flexi is our alternative to volatile markets and traditional methods of saving. With guaranteed yearly cash benefits from end of year 2, you can reward yourself and your family yearly while still saving. On top of that, this plan also protects you from life’s unforeseen turns.

    eSAVE flexi is a 15-year policy that rewards you for saving.

    • 13 Guaranteed Yearly Cash Benefits
      • Reward yourself with guaranteed cash benefits (equivalent to 5% of the sum insured) from the end of year 2. You may also choose to accumulate the cash benefits with us at a non-guaranteed interest of 3% per annum.
    • Guaranteed Maturity Benefit
      • Look forward to receiving a total guaranteed maturity benefits (including all Guaranteed Yearly Cash Benefits) that amount to 120% of sum insured.
    • 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 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 suffers injury or death due to an accident. Additional option is available to cover medical expenses and weekly income due to accident.
    • 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.

    This plan is available in Presto – Presto allows you to cut short the application process while still reaping similar potentially high returns regardless of your health conditions. This means no medical checks and no questions asked about your health. Under Presto, you can choose to enhance your coverage with this rider.

    • 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

    Clara (age next birthday 35, non-smoker) has a 5-year old son Jaden. Wisely planning to set aside money for Jaden’s university education, Clara takes up an eSAVE flexi policy with a sum insured of $50,000. When Jaden reaches age 20, a lump sum will be ready for his university fees.

    Scenario 1:

    Clara receives her Guaranteed Cash Benefit from end of year 2.

    Etiqa Insurance | eSAVE flexi

    Scenario 2:

    Clara reinvests her 13 annual Guaranteed Cash Benefits with us at a non-guaranteed interest of 3% per annum.

    Etiqa Insurance | eSAVE flexi

    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.