HSBC Life SavvySaver (II) (previously known as AXA SavvySaver II) is a savings plan that pays out guaranteed income yearly from the end of the 2nd year of policy inception. You can withdraw these funds or accumulate them for an even bigger payout at a later time.
With HSBC Life SavvySaver (II), you have the flexibility of choice to accumulate your savings at the prevailing interest rates or withdraw your funds to finance your lifestyle needs such as wedding gifts, vacations, and more. Start saving with as low as $100/month now.
HSBC Life SavvySaver (II) product details
Read About: 3 Best Savings plans and endowment policies in Singapore (2023 Edition)
- Life Policy – Endowment and Saving policy
- Choose from 15, 18, 21 or 24 years policy term to meet your saving goals
- Receive a steady stream of guaranteed cash payout or accumulate the payouts to receive higher lump sum at the end of the policy term.
- Provides coverage for death and Terminal Illness
- Guaranteed issuance, no medical examinations needed
- Riders are available to waive future premiums in the event of critical illness, permanent disability or passing on of the life assured or payer
HSBC Life Savvy Saver (II) is a common search alternative for HSBC Life SavvySaver (II).
Read About: Endowment and Saving policy: How does it work?
Read About: Endowment and Saving policy: Is it the best option?
Features of HSBC Life SavvySaver (II) at a glance
Cash and Cash Withdrawal Benefits
Cash value: Yes
Cash withdrawal benefits: Yes
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: No
Total Permanent Disability: No
Terminal Illness: No
Critical Illness: No
Early Critical Illness: No
Optional Add-on Riders
Yes.
Additional Features and Benefits
Yes.
For further information and details, refer to HSBC Life website. Alternatively, fill up the form below and let us advise accordingly.
Read About: Effects of compounding returns
Read About: 3 things to consider before taking up a new financial product
HSBC Life SavvySaver (II) may be suitable if you are looking for
HSBC Life SavvySaver (II) may potentially be a good fit if the following matters to you:
- Liquidity or flexibility of withdrawal in your Insurance policy.
- A hassle-free application without medical underwriting
- Short to medium term endowment and savings plan
- To saving regularly over a period of time
- To potentially generate higher financial returns compared to bank accounts
HSBC Life SavvySaver (II) may not suitable if you are looking for
HSBC Life SavvySaver (II) may potentially be a bad fit if the following matters to you:
- Health and Protection coverage
- High insurance coverage for Death or Terminal Illness
- Insurance coverage for Early Critical Illness, Critical Illness or Total Permanent Disability
- Lifetime regular cash payout
- 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 HSBC Life SavvySaver (II)
- How is HSBC Life or HSBC Life SavvySaver (II) investment returns based on historical performance?
- How does HSBC Life SavvySaver (II) compare with Endowment policy from other insurance companies?
- Can HSBC Life SavvySaver (II) fulfill my financial, insurance, health and protection needs?
The above information may not fully highlight all the product details and features of HSBC Life SavvySaver (II). Talk to us or seek advice from a financial adviser before making any decision about Prudential HSBC Life SavvySaver (II).
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering taking up.
Read About: 3 best Savings plans and endowment policies in Singapore (2023 Edition)
Is HSBC Life SavvySaver (II) suitable for me?
Contact InterestGuru using the form below. Our panel of licensed financial advisers will advise accordingly, based on your financial profile and protection needs.
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