*“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.
Savings amount
US$4,000
US$250,000
Year end
Guaranteed
Crediting
Interest Rate (p.a)
The table above states your benefit amount with the assumption that all premiums are received by the Company in full. The savings calculator is for illustration only and does not account for the levy to be collected by the Insurance Authority. The Account Value indicated above may differ from the actual benefit amount due to rounding differences.
Clara worked for five years after graduation from university. She had a savings habit since she was a kid, and set a savings goal for herself every year. Without much investment knowledge, she hoped to choose a savings plan with a steady return to grow her personal wealth. Therefore, Clara decided to go for WeSave S3 Insurance Plan and paid a single premium of USD15,000 in full. Three years later, Clara’s family needed urgent financial assistance, so she decided to surrender her policy and withdraw the full amount to cater such financial needs. At last, she received USD 15,957 as surrender benefit to cope with the situation without paying any penalty fees.
James, at the age of 33, had a newborn baby. He reckoned that there could be quite a lot of unexpected expenses, so he set aside some idle cash. He was wondering if he could invest in a flexible low-risk savings plan instead of leaving money with cash depreciating. In the end, James decided to go for WeSave S3 Insurance Plan and paid a single payment of USD 50,000 in full. He withdrew the savings in 3 years later due to an emergency, getting the principal amounts of USD50,000 and a guaranteed return of USD 3,190.
David, an engineer aged 55 years old, began planning for his retirement. He planned to save a sufficient amount of money to support his retirement life five years later. In the face of the uncertain market conditions and his busy work schedule, David wanted to build his retirement funds with a guaranteed savings plan providing stable return, and at the same time a plan that would not take him too much time to manage. He decided to apply for WeSave S3 Insurance Plan, paying a single premium of USD150,000 in full. Five years later when the savings plan matured, David successfully got back his principal amounts of USD150,000 and guaranteed return of USD18,140, giving him a perfect start to his carefree retirement.
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 Frequency | Single premium | ||||||||||||
Minimum Premium Amount (per policy) | Single premium: USD 4,000 | ||||||||||||
Maximum Premium Amount (per Life Assured individual) | Single premium: USD 250,000 The aggregate premium limit across all WeSave S series policies3 is limit to a maximum of USD 250,000. | ||||||||||||
Premium Change | Not Applicable | ||||||||||||
Partial Withdrawal | Not Applicable | ||||||||||||
Guaranteed Crediting Interest Rate (per annum) |
| ||||||||||||
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 USD 125,000 per Life Assured under all WeSave S series policies3. |
*“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.
Flexible
WeSave S3 Insurance Plan
# “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.
High return
WeSave E1 Insurance Plan
Remarks:
*“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.
Terms and conditions of “WeSave S3 Insurance Plan, Limited Offer”