One thing's for sure, we have been fed with the importance of saving money since we were kids. But how many of us really made it a habit in the end? It's either we don't see the point or we just don't have the discipline to put aside some monthly allowance for important future needs.
There are so many reasons to save for the future. Between today and the next five or ten years or longer, you will always need money for something. For your dream holidays, kids' education, retirement, or for any financial emergency. Whatever you are saving up for, you need a proper savings plan to start with.
eSaver by AXA: 2-in-1 online savings plan
Better still, you can have both savings and death benefits in a 2-in-1 plan. eSaver by AXA is specifically designed to provide you an investment-plus-insurance option to optimise your savings.
The 5-year non-participating endowment plan with a 4-year premium payment term provides a number of guaranteed benefits starting from the end of the first policy year until policy maturity.
There is basically no entry barrier for you with Guaranteed Acceptance! This means you can start saving now without the hassle of answering medical questionnaires or going through a medical check-up.
With Guaranteed Cash Endowment, not only you can save for the future, you also get to enjoy yearly payable cash payment that increases every 2 years, up to a total of 20% of your annual premium, as long as all premiums are paid up to date and the insured is still alive.
In addition to Guaranteed Cash Endowment, you get to enjoy 105% of total premium paid at the end of the 5th year, through Guaranteed Maturity Benefit.
In the unfortunate event of your demise, your beneficiary will receive up to 108% of the total premium paid under Death Benefit.
Straightforward investment plan
If you are used to straightforward investments, the online savings plan with you mind - eSaver by AXA - is a good way to start with. The short-term endowment plan accepts annual premiums ranging from RM500 to RM24,000 for 4 years with a 5-year coverage.
In other words, the new digital product by AXA AFFIN Life Insurance requires you to only pay for 4 years, while you receive guaranteed cash returns of up to 8% per annum for 5 years. Making it more accessible, the plan is available for Malaysians aged between 15 days to 70 years old.
Inculcating saving habits
"eSaver by AXA comes in timely to encourage people to save, and to save more in preparation for unforeseen circumstances as what the Covid-19 pandemic has taught us," remarks Dr Azlan Zainal, Chief Product and Digital Officer, AXA AFFIN Life.
"Regardless of short-term or long-term savings plans, they both play an important role in getting you into a savings habit. At the same time, it promotes savings for rainy days due to unforeseen circumstances such as job loss, medical emergencies, family emergency, car repairs, home repairs and many other things," he says.
"Apart from those irregular expenses, it also comes in handy for many other future needs such as weddings, newborn babies, children's education, home makeover, down payment for a new home, buying a new car, and contributing towards your retirement savings," he continues.
"Put simply, without savings, how will you weather any financial storms? Without a proper financial planning, how can you make the money work for you when you are too old to work? Saving money is absolutely important because it provides you with financial security in the future, pure and simple," he cautions.
A structured approach to savings
Therefore, the sooner you start saving for the future, the better prepared you are for any future needs. The more you save, the more secure you are, in terms of financial independence. With eSaver by AXA on board, it gives you a structured approach to your savings goal - with a clear direction on how to achieve it in just five years.
Obviously, there are so many reasons to save for the future. By setting aside a portion of your income today for a more secure future means you put your money matters at the forefront of your financial planning mindset.
Start saving right now!
The best time to start saving is - as soon as you can! Regardless of any given reason that resonates with you, saving for tomorrow starts right now! You may start small and form a savings habit from there. Things become easier and more achievable when you have a clear and realistic goal mapped out for you ahead of time.
Save with eSaver by AXA to bring yourself a step closer to enjoying financial freedom.
Saving begins in just a few clicks!
In this digital age, saving can be as easy as a few clicks! You can now sign up for the easy and accessible online savings plan in the comfort of your home.