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RewardSaver

RewardSaver

You are at the beginning of your career, and full of dreams for the future. There is no better time than now to take the first step towards making your dreams a reality. With a regular premium savings plan, you are well on your way to achieving your dreams and living life's rewards.

With AXA's RewardSaver, you'll get to save regularly to meet your financial goals, and yet still have the flexibility to enjoy cash advance when you need it. In addition, you'll enjoy peace of mind with comprehensive life and critical illness coverage as you save.

  • Save with a plan that empowers you

    AXA's RewardSaver gives you a sturdy and disciplined savings strategy tailored to your needs. Whether it's saving for your family vacation, a new home or simply setting aside funds for a rainy day, set your financial goals and decide how long you need to make it happen – 15, 18, 21 or 24 years.

  • Your money, when you need it

    No matter how well you plan, there will be times when you need cash urgently. That is why AXA's RewardSaver rewards you with guaranteed cash advance1 every 3 years, starting from the 3rd policy year.

    You can choose to leave this reward with the plan to accumulate your savings towards your financial goal. Or you can choose to withdraw it at any point in time thereafter. It's there when you need it.

  • Protect against life's uncertainties

    AXA's RewardSaver benefits you in more ways than helping you live your dreams. It offers you protection as you save. In the unfortunate event of Death or Illness or Total & Permanent Disability (before age 65), or diagnosis of a Critical Illness , AXA's RewardSaver pays out to lighten the financial burden on you and your loved ones.

  • Double protection at no extra cost

    In the case of Accidental Death2 (between age 6 and 65), AXA's RewardSaver pays out an additional 100% of the Sum Assured. In this way you relieve the financial burden on your loved ones resulting from the unexpected loss.

    With a regular premium savings plan that offers protection and just enough flexibility to access cash when you need to, you are on the way to achieving your dreams and living life's rewards. Start saving for your dreams today with AXA's RewardSaver.

Important Information

1 Cash Advance deposited with AXA will also be paid out, together with the non-guaranteed interest. Such interest rate is determined solely at our discretion and is benchmarked against a basket of fixed deposit interest rates from Singapore local banks.

2 Accidental Death Benefit is payable if the Life Assured 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.

The figure below illustrates how the Cash Advance (based on % of Sum Assured) is payable at specific period of the policy term.

Illustrative Example2

Tara, age 24, has just started her first career as an educator in a primary school. She decides to save into AXA's RewardSaver, a regular premium savings plan, with a S$30,000 Sum Assured, for her worldly travels in the next 18 years. Apart from saving S$258 per month, she enjoys the protection in the unfortunate event of Death, Total & Permanent Disability (before age 65) or the diagnosis of a Critical Illness.

Three years into AXA's RewardSaver plan; Tara received her first cash advance of S$2,400. She decided to leave the cash advance in the plan to grow her savings. At the end of the 6th policy year, she received her second S$3,000 cash advance, and still had no need for the cash, so she left the money in the plan once again. But at the end of the 7th policy year, Tara unexpectedly won a holiday trip in a lucky draw, and desperately needed some extra spending money so that she could really make the most of her trip. The S$5,5273 cash advance that she accumulated, saved the day, as Tara was able to withdraw it from the plan and enjoy her memorable holiday.

Tara continued saving regularly into the plan, and receives S$59,8884 at the end of the policy term for her next big holiday.

Important Information

1 Cash Advance deposited with AXA will also be paid out, together with the non-guaranteed interest. Such interest rate is determined solely at our discretion and is benchmarked against a basket of fixed deposit interest rates from Singapore local banks.

2 Example is based on a 24-year-old (age nearest birthday) non-smoking female for a policy term of 18 years. Projected maturity value is based on the future projections of 5.25% per annum investment rate of return. Premium stated is rounded up to the nearest dollar and premium rates are non-guaranteed.

3 For purpose of illustration, the withdrawal took place at the end of Year 7 of the policy. The amount of S$5,527 includes the interest of S$127 earned from accumulating the cash advance in the policy. Interest rates (non-guaranteed) are 1% for withdrawal before maturity and 2.25% for withdrawal at maturity.

4 Based on S$30,000 Guaranteed Maturity Benefit, S$9,000 Deposited Cash Advance, S$19,588 non-guaranteed Maturity Benefit and S$1,300 non-guaranteed interest earned.

Enhance your coverage with the compulsory rider, RewardSaver CI Benefit. It provides protection to reduce financial burden when the Life Assured is diagnosed as having a Critical Illness during the term of this Rider.

In addition, you can choose from supplementary riders below to enjoy more peace of mind today and in the future.

Supplementary Riders Benefits

Smart Payer PremiumEraser (SPPE)

Waives future premiums until the expiry date of this rider, upon death or Total and Permanent Disability of the Payer.

Smart Payer PremiumEraser Plus (SPPEP)

Waives future premiums until the expiry date of this rider, upon death, Total and Permanent Disability or diagnosis of any of the 30 Critical Illness of the 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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