Save-As-You-Protect
Scenario 1
Assuming you are 32 years old, and buying SAYP with protection of S$100,000 sum assured. You are able to put aside S$500 monthly. You pay S$141 per month for protection premium and S$359 for savings premium per month.
At maturity, you would have enjoyed:
- S$100,000 protection for 15 years
- 100% refund of premiums paid
- Total 4% returns on premiums paid
Scenario 2
From the 2nd policy year onwards, SAYP has a Non-Forfeiture Privilege (Auto Pay) which allows you the flexibility to stop monthly premiums in event of financial difficulty. You will continue to enjoy the protection coverage as protection premiums will be paid from the savings balance2 of the policy.
Assuming you experience financial challenges in Year 3 and decides to stop future monthly premiums.
Assuming the savings balance2 is sufficient to pay the protection premiums up to Year 10, you would still have enjoyed:
- S$100,000 protection for 15 years
- 100% refund of premiums at maturity
- Total 4% returns on premiums paid at maturity.
- Based on an interest rate of 0.5% p.a. on savings premiums and assuming the rate remain unchanged till maturity. Interest rates are not guaranteed and will be declared by Aviva on a monthly basis through Aviva's official website at www.aviva.com.sg.
- Savings balance is the Accumulation Value.