Aviva MyEasySaver II Review

The complete Pros and Cons on Aviva MyEasySaver II

Aviva MyEasySaver II gives you yearly cash payouts from the 2nd year onwards. Use these payouts as additional cash flow or reinvest them for better returns.

Aviva MyEasySaver II product details

  • Life policy – Endowment and Saving policy
  • Yearly Cash Benefit
    • From the end of the 2nd year, receive guaranteed yearly cash payouts the amount of 5% of the sum assured
    • Receive these cash payouts to spend as you wish or reinvest them for higher returns
  • Flexible Policy Terms
    • Choice of policy term 12, 15, 18 or 25 years
    • Pay premiums for the same term
  • Insurance Coverage
    • Be covered the higher of 101% of total premiums paid less any yearly cash payouts received or the guaranteed cash surrender value and any non-guaranteed bonus against Death and Terminal Illness
  • Maturity Benefit
    • Upon policy maturity, you will receive at least 160% of the sum assured together with any guaranteed cash payouts
    • You will receive guaranteed and non-guaranteed bonuses
  • Hassle-free Application
    • No medical check-up required
  • Optional Riders
    • EasyTerm – Lump sum cash payout of to 5X the basic plan annual premium in the event of Death, Terminal Illness or Total and Permanent Disability of the policyholder
    • Cancer Premium Waiver II – Future premiums are waived should the policyholder be diagnosed with major cancer
    • Critical Illness Premium Waiver II – Future premiums are waived should the life assured be diagnosed with any of the covered severe-stage critical illnesses

Read AboutEndowment and Saving policy: How does it work?

Read AboutEndowment and Saving policy: Is it the best option?

Features of Aviva MyEasySaver II at a glance

Cash and Cash Withdrawal Benefits

Cash value: Yes
Cash withdrawal benefits: No

Health and Insurance Coverage

Death: Yes
Total Permanent Disability: No
Terminal Illness: Yes
Critical Illness: No
Early Critical Illness: No

Health and Insurance Coverage Multiplier

Death: Yes, if accidental (additional coverage)
Total Permanent Disability: No
Terminal Illness: No
Critical Illness: No
Early Critical Illness: No

Optional Add-on Riders

EasyTerm
Cancer Premium Waiver II
Critical Illness Premium Wavier II

Additional Features and Benefits

Yes.

For further information and details, refer to Aviva website. Alternatively, fill up the form below and let us advise accordingly.

Read AboutEffects of compounding returns

Read About3 things to consider before taking up a new financial product

Aviva MyEasySaver II may be suitable if you are looking for

Aviva MyEasySaver II may potentially be a good fit if the following matters to you:

  • A hassle-free application without medical underwriting
  • Short to long term endowment and savings plan
  • Guaranteed yearly cash payouts that can be reinvested for higher returns
  • To saving regularly over a period of time
  • To potentially generate higher financial returns compared to bank accounts
  • Savings plan with insurance coverage against Death and Terminal Illness
  • Additional coverage against Accidental Death

Aviva MyEasySaver II may not be suitable if you are looking for

Aviva MyEasySaver II may potentially be a bad fit if the following matters to you:

  • Liquidity or flexibility of withdrawal in your Insurance policy.
  • High insurance coverage for Death or Terminal Illness
  • Insurance coverage for Early Critical Illness, Critical Illness or Total and Permanent Disability
  • A one-time premium commitment with no further cash commitment
  • Potentially higher financial returns compared to a pure investment product.
  • Insurance policy with a high surrender value in the early years of the policy.

Further considerations on Aviva MyEasySaver II

  • How are Aviva or Aviva MyEasySaver II investment returns based on historical performance?
  • How does Aviva MyEasySaver II compare with Endowment policies from other insurance companies?
  • Can Aviva MyEasySaver II fulfill my financial, insurance, health, and protection needs?

The above information may not fully highlight all the product details and features on Aviva MyEasySaver II. Talk to us or seek advice from a financial adviser before making any decision about Aviva MyEasySaver II.

Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.

Is Aviva MyEasySaver II suitable for me?

Contact InterestGuru using the form below. Our panel of Independent financial planners will advise accordingly, based on your financial profile and protection needs.

All financial reviews and proposals provided are 100% free of charge. There will be no obligation to take up any proposed financial products or services in any way.

*For a limited time, get attractive incentives when you take up any products that is proposed by our team of financial planners.

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Before you go...
Aviva MyEasySaver II may be a good fit towards your current financial goals. However, there could be way more plans out there with features and/ or benefits that could be more relevant to you at a lower cost.
Drop us a message and find out about customised options across multiple insurance companies. You deserve to get the best out of your hard-earned savings!
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