Martin Lee @ Sg
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POSB MyPlus Plan

POSB has teamed up with Aviva to offer a 5-year single premium endowment product that pays 2.25% interest every year.

This is a no-frills non-participating insurance product which also provides a sum assured of 101% of single premium for death or 106% of single premium for accidental death.

At the end of the 5 years, 100% of the premiums will be returned.

The minimum investment is $10,000 using cash only.

As a illustration, if you invest $10,000, you will receive $225 at the end of every year for 5 years and receive $10,000 when the product matures. You may not receive back the full principal amount if you surrender the plan before the end of five years.

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4 comments
sarah says 10 years ago

Hi. Can SRS be used for this plan? Thanks

Reply
    lioninvestor says 10 years ago

    Hi Sarah,

    No, it’s cash only.

    Reply
lioninvestor says 10 years ago

Hi Jasmin,

the 2.25% is paid by Aviva.

This plan is somewhat similar to the other 5-year single premium plans that were launched in the past months by the other insurance companies.

Reply
Jasmin says 10 years ago

Hi Lioninvestor,
Is that 2.25%pa guaranteed and by who?
Any hidden traps awaiting for people to walk in?
Thanks.

Reply
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