SRS Insurance Application

Capital Guaranteed SRS Plans
Returns are 36x higher
than SRS rate!

 

APPLY NOW
9 SG Logo Aviva  

2 SG Logo TokioMarine

 

Apply for Aviva's MyIncomePlus or TM's Retirement SP
Select Plan
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Single Premium Amount(*)
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This is the single premium amount that you will invest into this plan.

Single Premium Amount(*)
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This is the single premium amount that you will invest into this plan.

The single premium will be paid directly to the insurer from your SRS account.
SRS Operator(*)
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About You
Name as in NRIC(*)
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NRIC Number
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Date of Birth
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Gender
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Resident Status
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Country of Birth
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Nationality
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Marital Status(*)
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Upload Picture of NRIC - Front(*)
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Upload Picture of NRIC - Back(*)
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About Your Employment
Occupation(*)
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Nature of Work(*)
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Name of Employer(*)
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Employer's Address(*)
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Annual Income S$(*)
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Contact Details
Email(*)
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Handphone No.(*)
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Health & Lifestyle
Have you ever filed any claims or have you had an application, reinstatement or renewal of a Life, Critical Illness, Health, Accident or Disability policy deferred, declined or accepted with special terms?(*)

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In the last 12 months preceding the date of this application, have you been residing in Singapore for more than 183 days?(*)

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In the last 12 months, have you spent more than 30 days outside of your current country of residence (excluding holiday or leisure)?(*)

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In the next 12 months, do you plan to spend more than 30 days outside of your current country of residence (excluding holiday or leisure)?(*)

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Do you currently engage in or do you have definite plans to engage in any of the following (due to occupation or recreation/hobby): Scuba diving, mountain or rock climbing (excluding artificial wall climbing), private flying, parachuting or sky diving, motor sports (car, bike and boat), demolition, bomb disposal, naval diving and other extreme or hazardous activities?(*)

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Please provide details as you have indicated "Yes" to one of the above questions.(*)
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Source of Funds
Source of Funds to Pay Premiums(*)

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Please specify other source of funds
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How did you accumulate your wealth?(*)

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Please specify other source of wealth
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Declarations
I confirm that I am solely a tax resident of Singapore and do not have a foreign tax residency. My Singapore TIN is my NRIC or FIN.
I am not a Politically Exposed Person (PEP).
I confirm that I am the payor as well as the proposer for this plan.
I am not currently applying for any other Life Insurance policies and I do not intend to replace any of my existing policies with this policy.
Declarations(*)
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Where did you hear about us?
Where did you hear about us?

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Key features for
Aviva and Tokio Marine's SRS Insurance Plans

 

 

Guaranteed Returns

 

Guaranteed
Returns 36x higher than SRS rate

Capital Guaranteed


Capital
Guaranteed

3 year term


10-Year Payout Period to match IRAS requirements

InsureDIY Capital Plus Promotions


Get InsureDIY
Promotions

InsureDIY Online Application


Online
Application
through
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Why Apply for a 
SRS Insurance Plan?

 

Currently, SRS Funds only earn 0.05% p.a.. As you will likely leave the SRS Funds in the scheme for a long time, it is worth considering investing to provide you with returns around 3% - 4.5% p.a. in the long-term. This is over 36X the default SRS rate!

 

The current yields on other alternative SRS products like Singapore Savings Bonds and Fixed Deposits all have lower returns. The 10-Year Singapore Savings Bond rate is only about 1.76%p.a.

 

InsureDIY is the only adviser platform offering Aviva and Tokio Marine's SRS Insurance plans with an online process. We are an online financial adviser licensed by MAS and we are an approved adviser by Aviva and Tokio Marine.  

 

InsureDIY Promotion

Get $100 cashback for applications received before 29 Feb 2020!

 

Also, refer your friends and family for SRS Insurance plans and get DIY$10 each.

 

Referral Reward
DIY$10

 

DIY$ can be exchanged for vouchers including InsureDIY vouchers, NTUC Fairprice and Cold Storage vouchers. Check out our rewards catalogue here.

SRS Insurance Plan Details - Aviva & Tokio Marine

green tick circle Single premium investment from SRS

 

green tick circle Capital guaranteed. Guaranteed minimum return plus additional non-guaranteed returns.

 

green tick circle Regular income from the product from retirement age, maximising the 50% tax concession.


green tick circle Over 3% p.a. expected return after including bonuses.


green tick circle Policy Term of 20 years and above

Here are some common questions
about Aviva and Tokio Marine's SRS Insurance Plans

1. How are SRS Insurance different to stock, exchange-traded funds (ETFs) and real estate investment trusts (REITs)?

 

SRS Insurance are capital guaranteed and offers guaranteed returns. This is unlike stocks, ETFs and REITs where your capital can be wiped out by market movements. On top of the guaranteed returns, SRS Insurance provides additional non-guaranteed returns. Once the insurer declares the bonus each year, this bonus is locked-in and cannot be taken away.

 

2. When can I start withdrawing from my SRS account without penalty?

You can make withdrawals after the statutory retirement age based on when your first SRS contribution was made.

 

3. What does the 50% tax concession mean?

 

After your retirement age, you can start withdrawing from your SRS account for a period of 10 years. Only 50% of the funds withdrawn are subject to income tax. As income up to $20,000 attract no income tax in Singapore, you can withdraw up to $40,000 SRS funds ($20,000 x 2) per year without having to pay any tax. This means that you can withdraw up to $400,000 tax-free over 10 years!

 

After the 10 year tax concession period, your policy is deemed withdrawn and everything left in the account will be subject to income tax even if you do not liquidate the investments.

 

The regular income from SRS Insurance could be completely tax free if the monthly income does not exceed $3,333 per month. ($40,000 over 12 months).

 

 

 

InsureDIY is an online financial adviser licensed by Monetary Authority of Singapore and we are an approved adviser by our panel of insurance companies. This advertisement has not been reviewed by the Monetary Authority of Singapore.