Looking for an insurance savings plan with guaranteed returns? Here are 6 reasons you need to buy eEASY save by Etiqa Insurance!
Latest update (10 August 2017): eEASY save is now part of EASY save series, which consists of eEASY save and eEASY savepro. eEASY save remains as a 6-year non-participating insurance savings plan with a guaranteed 2.02% p.a. return and 112% capital guarantee at maturity. On the other hand, eEASY savepro, is a participating insurance savings plan which offers a projected highest return of up to 4.02% p.a. with 100% capital guarantee at maturity at various policy terms.
Etiqa Insurance has launched the eEASY save, a 6-year insurance savings plan with premium payments of just two years. This product is developed in tandem with the Monetary Authority of Singapore’s decision to allow consumers to buy insurance online across a wider range of insurance products.
Now, the eEASY save is an insurance savings plan that could offer higher guaranteed returns than other investment options available.
eEASY save is a newer iteration of Etiqa Insurance’s original eEASY save168 insurance savings plan, with improvements made in response to Etiqa’s customers’ needs and demands.
Here are six reasons to consider buying eEASY save today:
1. There are five premium sizes for customers to choose from
eEASY save has 5 different premium size options available, ranging from $15,000 to $150,000. Premium payments are only required in the first and second year, with maturity to be reached after six years. The table below depicts the various premium plans in more detail.
|First year premium||Second year premium||Guaranteed total maturity benefit|
Selected your ideal premium plan? Click here to buy it online now.
2. All premium sizes have the guaranteed maturity return p.a. of 2.02%
Upon maturity (six years after the product is purchased), a guaranteed maturity yield of 2.02% p.a. is applicable to all premium sizes, whether you invest $15,000 or $150,000.
The guaranteed maturity rate of 2.02% p.a. translates into a guaranteed return of 112% of the total premiums paid. This means that customers are guaranteed to receive more than their principal investment! If you are looking for savings with guaranteed returns, look no further and get more out of your capital here!
3. Your policy is protected
The eEASY save policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, contact Etiqa Insurance or visit the Life Insurance Association (LIA) or SDIC web-sites (www.lia.org.sg or www.sdic.org.sg).
4. There are no restrictions on multiple policies
There is no restriction on the number of policies that a customer may purchase. So, if you need a policy that will help you save for your child’s education, another for your wife’s budding home based business, a third for your father’s retirement, and a fourth for your mother’s travel plans, then purchase multiple policies here.
5. Automatic Premium Benefit is available
With Automatic Premium Benefit, you only need to pay for the first two years. For the remaining four years, Automatic Premium Benefit will fund your premiums. Customers can sit back and wait for their savings to mature, knowing that their product(s) is underwritten by Etiqa Insurance, which is the insurance branch of Maybank.
Existing death protection throughout the policy will also be in effect, paying out to a beneficiary of your choice should anything happen during the term of your policy. Sign up for eEASY save here!
6. eEASY save is only available for a limited period!
Good things do not stick around for long, and the launch of eEASY save is your chance to receive a guaranteed 2.02% p.a. return.
If you are not opposed to locking some money away for six years, one of the five premium plans by Etiqa Insurance could be for you. As ever, it is crucial to understand the product, so find out more about eEASY save here. If eEASY save sounds like the product for you, embark on the easy 5-step process to sign up for eEASY save before the offer is closed!