BankBazaar Singapore – January 11, 2018
Singapore: AXA Insurance has announced the launch of its new Wealth Treasure plan, aimed at helping young professionals maximise their wealth. AXA said its new whole life investment-linked plan will help young professionals boost their investments by giving them a bonus of up to 100% of their premium for the first year.
This means that for every dollar that a policyholder invests, AXA will also invest up to one dollar to help them achieve their financial goals and maximise their wealth.
In addition, AXA will reward the policyholders looking to invest for long term with a loyalty bonus of 1% p.a. of the value of their account, starting from sixth year of the policy.
The plan also recognises every policyholder’s unique financial requirements and gives them the flexibility to choose their premium-payment period. Policyholder can choose to pay their premium over any number of years, from five to 30 years. AXA added that minimum monthly premium for this plan is S$300.
Investors also get the flexibility to choose between US Dollars and Singapore Dollars for their investments. Citing other benefits of the plan, AXA said that it allows policyholders to top up their investment or make a withdrawal from their investment at any time.
AXA informed that the new plan comprises around 100 diversified funds, including accredited investor funds that allow investors to choose from industries and geographical sectors they wish to invest in.
Commenting on the development, AXA Insurance’s Managing Director for Life Insurance, Neil Frith, said that the new Wealth Treasure plan will help young professionals struggling to grow their assets in an environment of low interest rates and rising inflation. Frith added that it is one of the most affordable plans available currently that offers start-up bonus and loyalty bonus along with protection for the policyholder and their loved ones.