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WeSave S3 Insurance Plan (Mini) – Limited Offer

Lower Entry Premium, Higher Rate of Return

Offering up to 10% p.a. guaranteed crediting interest rate in the first 3 months of the policy for a higher return

WeSave S3 Insurance Plan (Mini) – Limited Offer

High interest rate, flexibility, guaranteed return - all in one go!

High interest rate, flexibility, and guaranteed return – you can get them all with our WeSave S3 Insurance Plan (Mini) Promotion (“the Promotion”)! With this Promotion, you can enjoy up to 10% p.a. of guaranteed crediting interest rate in the first 3 months of the policy (Guaranteed Crediting Interest Rate of 2% p.a. in the first Policy year, plus an extra 8% p.a. of Bonus Guaranteed Crediting Interest Rate in the first 3 months). Furthermore, the guaranteed average crediting interest rate of the Promotion is up to 2.69% p.a.*. Start saving with as low as USD200 premium and enjoy the offer!

 

*“Up to 2.69% p.a.” refers to the guaranteed average annualised rate of return, in which the extra 8% p.a. Bonus Guaranteed Crediting Rate for the first 3 months has been included in the calculation, should the policy be held for its entire five years benefit term subject to the policy effective date.

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Lower Premium Requirement

The minimum premium requirement of the Promotion is as low as USD200, making it easier for you to develop a saving habit.

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High Return Rate

You can enjoy a guaranteed average interest rate up to 2.69% p.a.* during the policy period!

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Withdraw your money in times of need

Unexpected events may happen at any time! With WeSave S3 Insurance Plan (Mini) Promotion, you can entirely withdraw your funds and guaranteed returns at no charge, even if you surrender your policy before the policy ends.

*“Up to 2.69% p.a.” refers to the guaranteed average annualised rate of return, which the extra 8% p.a. Bonus Guaranteed Crediting Rate for the first 3 months has been included in the calculation, should the policy be held for its entire five years benefit term subject to the policy effective date.

Grow Your Wealth with Ease; Plan Your Finances Freely

Take a look at how the Promotion can suit different financial needs:

(The following examples are hypothetical and are for illustrative purposes only)

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Ray: Invest Early and Wisely

Ray, College Sophomore: Invest Early and Wisely

After his freshman year, Ray decided to spend his part-time job income to apply for the WeSave S3 Insurance Plan (Mini) Promotion on 1 Aug 2021 with a single premium of USD2,000 and enjoyed an extra 8% p.a. Bonus Guaranteed Crediting Interest Rate for the first 3 months. At the 3rd policy anniversary, he decided to terminate the policy and withdraw the total amount to support his graduation trip. Ray received USD2,168 as surrender benefit without paying extra fees. It accomplished his goal of going on a dream graduation trip.

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Vicki: Saving for Family

Vicki, Investment Apprentice: Saving for Family

Vicki, as a young housewife, had been saving for unexpected incidents expenses for her family. To safeguard her savings against inflation with flexibility, she applied for the Promotion on 1 Sep 2021 with a single premium of USD3,999 and enjoyed an extra 8% p.a. Bonus Guaranteed Crediting Interest Rate for the first 3 months. Five years later, Vicki got the policy maturity benefit of USD4,567, which made her financially well-prepared for unexpected incidents.

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Vince: Safeguard Option

Vince, Active Investor: Safeguard Option

As an amateur investor, Vince hesitated to invest in the turbulent stock market, and was looking for more stable investment options with a better return than most time deposits. On 1 Sep 2021, Vince applied for the Promotion with USD3,999 premium and enjoyed an extra 8% p.a. Bonus Guaranteed Crediting Interest Rate for the first 3 months. At the 2nd policy anniversary, she saw an opportunity in the stock market and decided to terminate her policy and withdraw the total amount to subsidise her investment. Vince received USD4,239 surrender benefit. She evaded the market volatility while enjoying wealth increment, leaving her more capital to invest.

Key Features and Benefits¹

Get to know more about our Promotion

Key Summary

Key Coverage

Policy Currency

USD

Issue Age

18-65

Policy Benefit Term

5 years

Premium Payment Term

Single Payment

Maximum Cover Age

70

Premium Payment Term

Single Premium

Minimum Premium Amount (per policy)

Single Premium: USD200

Maximum Premium Amount (per policy)

Single Premium: USD3,999

Under WeSave S3 (Mini) Promotion, the aggregate number of policies per Life Assured is limited to 3 and the aggregate premium cannot exceed USD11,997.

The aggregate premium limit across all WeSave S series policies² is limit to a maximum of USD 1,000,000.

Premium Change

Not applicable

Partial Withdrawal

Not applicable

Guaranteed Crediting Interest Rate (p.a.)

Policy year Guaranteed Crediting Interest Rate (p.a.)
1 2.00%
2 2.00%
3 2.25%
4 2.50%
5 2.80%

Bonus Guaranteed Crediting Interest Rate

.Extra 8% p.a. of Bonus Guaranteed Crediting Interest Rate will be applied to the account value for the first 3 months after policy effective date while the policy is in force.
.The interest shall accumulate from the premium received date and be calculated on a daily compound basis; and be credited to the account value on the third monthiversary of the policy.
.If the policy is terminated within the first 3 months from the policy effective date, the extra 8% p.a. of Bonus Guaranteed Crediting Interest Rate will not be applied.

Fees and charges

No charges

Surrender Benefit

100% of account value

Death Benefit

101% of account value

Accidental Death Benefit

If the death of the life assured individual is caused by an accident, in addition to Death Benefit, an extra 100% of Account value will be given, subject to a maximum of USD125,000 per Life Assured under all WeSave S series policies².

Highlights of the Promotion

What items are not covered/applied?

  • You can surrender the policy at any time and enjoy the interest earned so that you can manage your wealth with more flexibility.
  • Up to 2.69% p.a.* return is guaranteed, allowing you to achieve saving goals easily.
  • Offering an extra 8% p.a. of Bonus Guaranteed Crediting Interest Rate in the first 3 months of the policy for higher return.
  • If the life assured individual commits suicide within the first year of the policy, Death Benefit will not be payable, however, 100% of account value will be payable.
  • Accidental Death Benefit will not be payable for the life assured individual’s participation in semi-professional or professional sport, whether practice, training or competition.
  • If the policy is terminated within the first 3 months from the policy effective date, the extra 8% p.a. of Bonus Guaranteed Crediting Interest Rate will not be applied.

*“Up to 2.69% p.a.” refers to the guaranteed average annualised rate of return, which the extra 8% p.a. Bonus Guaranteed Crediting Rate for the first 3 months has been included in the calculation, should the policy be held for its entire five years benefit term subject to the policy effective date.

Frequently Asked Questions about WeSave S3 Insurance Plan (Mini) Promotion:
What’s the lowest and highest premium of WeSave S3 Insurance Plan (Mini) Promotion (Per Policy)?
How many policies can an applicant apply under the Promotion?
Is the “extra 8% p.a. of Bonus Guaranteed Crediting Interest Rate” really guaranteed?
What is the “extra 8% p.a. of Bonus Guaranteed Crediting Interest Rate”?
What is the difference between WeSave S3 Insurance Plan and WeSave S3 Insurance Plan (Mini) Promotion?

^The “2.3% p.a.” refers to the guaranteed annualized rate of return should the policy be held for its entire five-year benefit term. *“Up to 2.69% p.a.” refers to the guaranteed average annualised rate of return, which the extra 8% p.a. Bonus Guaranteed Crediting Rate for the first 3 months has been included in the calculation, should the policy be held for its entire five years benefit term subject to the policy effective date.

For details about WeSave S3 Insurance Plan, please refer to the WeSave S3 Insurance Plan product introduction web page.

Other information
Key Product Risks
Click for important notes and disclaimers
Terms and conditions of “WeSave S3 Insurance Plan (Mini) Promotion, Limited Offer”:
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