Aviva MyProtector Term Plan II – Flexible and affordable term insurance.
Pay for only the insurance coverage you need, at an affordable price you are willing to pay.
Aviva MyProtector Term Plan II review – Get the flexibility to select the coverage that you need at an affordable price. Choose from a range of riders to add-on disability, critical illness or premium wavier coverage.
1 in 3 people doesn’t have life insurance (Aviva’s Consumer Attitudes Survey, June 2018). This means that should the unexpected happen, their loved ones could face financial stress. But it doesn’t have to be this way. Believing that everyone deserves protection, Aviva has created a plan that lets you choose only what you need, at a price you can afford.
Length of coverage (You will be covered to): Minimum of 5 years, or term up to age 85 at every one-year interval
| Aviva MyProtector Term Plan II (Product Details at a glance) | ||
| Cash value and Withdrawal benefit(s) | Yes | No |
|---|---|---|
| Policy cash value | X | |
| Surrender/ Maturity value | X | |
| Renewable/ Convertible features | ||
| Health and Insurance coverage(s) | Yes | No |
| Death coverage | ||
| Terminal Illness coverage | ||
| Total and Permanent Disability coverage | ||
| Critical Illness coverage | ||
| Early Critical Illness coverage | ||
| Optional insurance rider(s) | Yes | No |
| Insurance riders to enhance coverage | ||
| Additional product feature(s) | Yes | No |
| Enjoy guaranteed renewal without medical checks | ||
| Increase coverage without medical underwriting | ||
| Option to convert your policy to other plans | ||
| 20% discount off premiums perpetually | ||
Supplementary details: Aviva MyProtector Term Plan II product brochure
Additional product feature(s) on Aviva MyProtector Term Plan II
Detailed features and unique selling points of Aviva MyProtector Term Plan II:
Enjoy guaranteed renewal without medical checks
- For policy term of 5 years and 10 years, you can choose to be insured for at most the same sum assured as before the renewal date and for the same policy term. This renewal is also applicable to riders attached to your basic Policy at inception.
- Premiums payable for the renewed policy will be based on your attained age and the prevailing premium rates at the date of renewal.
Increase coverage without medical underwriting
- You may increase your coverage up to a limit without medical underwriting at each of the following key life events without providing further evidence of insurability.
- The defined key life events are: Change of marital status, becoming a parent, graduation from tertiary education, purchase of property
Option to convert your policy to other plans
- You are allowed to fully or partially convert the basic policy to a new endowment or whole life policy available at the point of conversion, without further medical underwriting.
20% discount off premiums perpetually
- Get a 20% perpetual discount off the actual premium payable for Aviva MyProtector Term Plan II for a limited time.
Additional riders for Aviva MyProtector Term Plan II
The following riders can be added on to your Aviva MyProtector Term Plan II at an additional cost for greater assurance to your health and protection goals:
- CI ADVANCE COVER PLUS II – Offers protection against any one of the 36 covered critical illnesses during the period of the benefit term. This CI Benefit accelerates the Death Benefit of the Policy to which it is attached.
- EARLY CRITICAL ILLNESS COVER – Offers protection against any one of the covered critical illnesses, at the early, intermediate or severe stage of the critical illnesses, during the period of the benefit term.
- MULTIPAY CRITICAL ILLNESS COVER III – Regular payment, non-participating supplementary benefit that offers protection against different severities of critical illnesses and multiple claims on cancer/heart attack and stroke during the period of the benefit term.
- TPD ADVANCE COVER PLUS II – Offers protection against disability which is total and permanent during the period of the benefit term. This TPD benefit accelerates the death benefit of the policy to which it is attached.
- CRITICAL ILLNESS PREMIUM WAIVER – Upon diagnosis of a Critical Illness, this supplementary benefit will waive the future premiums of the Policy and attaching supplementary benefits.
- PAYER CRITICAL ILLNESS PREMIUM WAIVER – Upon diagnosis of a Critical Illness, this supplementary benefit will waive the future premiums of the policy and attaching supplementary benefits.
- PAYER PREMIUM WAIVER BENEFIT – (can only be attached to a policy where the assured is not the life assured) – Upon Death, diagnosis of Terminal Illness or TPD of the assured, this supplementary benefit will waive the future premiums of the policy and attaching supplementary benefits.
Who should take up an Aviva MyProtector Term Plan II
Aviva MyProtector Term Plan II is a term life insurance plan. This category of insurance plans are suitable or unsuitable depending on the following factors:
Aviva MyProtector Term Plan II is suitable for
- Insurance coverage in the event of death
- Affordable premiums for the highest insurance coverage
- Flexibility to increase your coverage at important milestones in life
- To enhance or supplement existing coverage due to a shortfall
- Coverage for critical illness (with additional riders)
- Coverage for early critical illness (with additional riders)
- Allowing multiple claims across all stages of critical illness (early, immediate and advance)
- Options to waive off future insurance premium in the event of disability, critical illness or early critical illness (with additional riders)
Aviva MyProtector Term Plan II is not suitable for
- Protection plan with savings/ cash value or investment returns
- Insurance coverage for a lifetime (coverage term up to age 85 only)
- Protection plan with guaranteed issuance (medical underwriting may be required)
- A one-time premium commitment with no further payment required
Sample policy illustration for Aviva MyProtector Term Plan II
Coming soon.
Learn more about Aviva MyProtector Term Plan II
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