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ChampionSaver

ChampionSaver

As a loving parent, you'll want to give your child the best possible start in life to help them fulfill their dreams and become a champion in whatever they do. Today, a good tertiary education is the basic minimum your child deserves.

The rising costs of tertiary education in the future may seem daunting. AXA's ChampionSaver is a simple and flexible plan that helps you to save regularly, as well as build and safeguard the funds your child will need. At the same time, this plan provides protection for your child and the choice of optional benefits to ensure your family's financial security.

  • A steady way to grow your child's education fund

    When saving for your child's future, you need something safe and steady, yet a plan that works to grow your money. That's where AXA's ChampionSaver can help, providing you a disciplined savings plan that gives you bonuses1 and flexible policy terms that will help reach your savings goal in time.

  • Keep your child's coverage ongoing even after maturity

    When your ChampionSaver plan matures, your child has the option (within 90 days) to purchase a whole life or endowment policy up to 100% of the Sum Assured of the ChampionSaver. This option would provide your child with continued coverage2, without the need for medical check-ups or other medical underwriting requirements. You've gone to the trouble of protecting your child with ChampionSaver during childhood. AXA helps to keep that protection when your child goes into adulthood.

  • Provide for your child in times of ill health

    AXA's ChampionSaver does more than get your child off to a good start in life. In the event of the Death, diagnosis of Terminal Illness or Total & Permanent Disability of your child, your family receives the Sum Assured plus bonuses to relieve any financial burden, and an additional 100% of the Sum Assured in the case of an Accidental Death3. AXA's ChampionSaver also reduces your financial burden by paying out an additional 20% of the Sum Assured as Juvenile Illness Benefit4 should your child be diagnosed with any of the following 5 childhood diseases:

    • Insulin Dependent Diabetes Mellitus
    • Kawasaki Disease
    • Rheumatic Fever with Valvular Impairment
    • Severe Juvenile Rheumatoid Arthritis
    • Severe Asthma

  • Secure your child's education and living expenses

    You want to be sure that your child gets a good tertiary education even if the unforeseen happens. That is why additional benefits are added to the plan to ensure that your child and family are well taken care of. In the event of the Death, diagnosis of Terminal Illness, Critical Illness (if applicable) or Total & Permanent Disability (before age 65) of the payer, your family receives:

    Monthly Schooling Benefit5
    Pays out a monthly cash allowance to cover your child's living expenses till the end of the policy term. You decide firstly which coverage option you want between (option A/B) or (option C/D), then decide how much allowance is sufficient and is to be provided for your child (1% or 3% of the Sum Assured). Choose one option from A, B, C or D.



When the policy matures, your child still benefits from the full education fund.

Important Information

1 Bonuses are non-guaranteed, and the actual benefits payable may vary according to the future experience of the Participating Fund.

2 The total insurance coverage of the new policy must not exceed 100% of the Sum Assured of the matured Policy, and will not provide coverage other than death, TPD, and Terminal Illness.

3 Accidental Death Benefit is payable if the Life Assured at age 6 onwards, sustains bodily injury from Accident that results in the Life Assured's death within 52 weeks from the date of the Accident. Accident refers to an event caused by violent, external and visible means and occurring independently of any other cause.

4 This benefit is capped at S$50,000 per life, and shall be payable once only.

5 The maximum Schooling Income Benefit that can be paid per Policy is monthly income of 1% or 3% Sum Assured, depending on option chosen. Benefit could cease upon the Insured Life no longer suffering from TPD.

Illustrative example

Jeff is married to Sandra and they have a son, Dominic, aged one year. Jeff signs for AXA's ChampionSaver for a Sum Assured of S$100,000 to mature when Dominic starts tertiary education at age 21. He opts for 1% Schooling Income Plus on the Monthly Schooling Benefit and also takes up the additional feature of Additional Parent Benefit on the life of Sandra.

Dominic is diagnosed with Severe Asthma at the age of three years. Upon diagnosis, Jeff receives 20% of the Sum Assured, which he can use to relieve Dominic's medical expenses.

When Dominic is ten years old, Sandra is injured in a car crash and suffers Total & Permanent Disability. Because Jeff opted for the Additional Parent Benefit on the life of Sandra, ChampionSaver pays out to cover Dominic's expenses a monthly cash allowance in accordance with the terms of the policy of 1% of the Sum Assured. With the occurrence of Sandra's Total & Permanent Disability, Premium Waiver benefit kicks in and Jeff no longer has to pay the premium on the policy.

ChampionSaver continues to be in force until Dominic reaches 21 years of age. At this time it pays out the maturity value.

You want to give your little champion the best opportunities in life. It's not enough just to put money away into an education fund. You need to make sure those savings are protected and continue to grow, whatever happens.

With AXA's ChampionSaver, you can give your champion the best opportunities in life by safeguarding your child's education funds.

Important Information

1 Benefit could cease upon the Insured Life no longer suffering from TPD.

To enhance your ChampionSaver Plan, AXA offers a wide range of supplementary riders that will give you comprehensive protection no matter what tomorrow brings.

Compulsory Riders Benefits

1% Schooling Income Benefit

Future premiums will be waived + 1% Sum Assured to be paid monthly upon occurrence of Death / Total and Permanent Disability / Terminal Illness for Payer.

3% Schooling Income Benefit

Future premiums will be waived + 3% Sum Assured to be paid monthly upon occurrence of Death / Total and Permanent Disability / Terminal Illness for Payer.

1% Schooling Income Benefit Plus

Future premiums will be waived + 1% Sum Assured to be paid monthly upon occurrence of Death / Total and Permanent Disability / Critical Illness for Payer.

3% Schooling Income Benefit Plus

Future premiums will be waived + 3% Sum Assured to be paid monthly upon occurrence of Death / Total and Permanent Disability / Critical Illness for Payer.

To apply, please ask your personal adviser to recommend appropriate packages that best suit your needs to ensure your coverage remain relevant.

This is not a contract of insurance. The precise terms and conditions of the plan are specified in the policy contract.

Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be less than the total premiums paid.

A product summary is available and may be obtained from AXA Life Insurance Singapore Pte Ltd and the participating distributors' offices. You should read the product summary before deciding whether to purchase the policy.

The above is for your information only and does not have any regard to your specific investment objectives, financial situation and any of your particular needs. You may wish to seek advice from an adviser before making a commitment to purchase the product. In the event that you choose not to seek advice from an adviser, you should consider whether the product in question is suitable for you.

The insurance policy featured in this website is protected under the Policy Owners' Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you should you buy the policy. For more information on the types of benefits that are covered under the Policy Owners' Protection Scheme as well as the limits of coverage, where applicable, please visit the AXA website at www.axa.com.sg or visit the LIA or SDIC websites (www.lia.org.sg or www.sdic.org.sg) for a copy of the SDIC Guide on PPF Scheme (Life Insurance).
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