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 9 years ago

Hi. Can SRS be used for this plan? Thanks

Reply
    lioninvestor says 9 years ago

    Hi Sarah,

    No, it’s cash only.

    Reply
lioninvestor says 9 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 9 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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