Helping you to achieve your short-term aspirations
Purpose Saver is a savings plan designed to help you meet your short-term goals.
This product is suitable for anyone who has a specific savings goal they would like to achieve within three to five years. We offer you the benefit of being able to save while offering clear and easy to understand product features.
For those looking for flexibility in terms of what happens after, with Purpose Saver you have the option to withdraw your savings, continue to save or take on new investment opportunities at the end of your savings period. The range of options will help you accommodate to life’s changing circumstances.
Purpose Saver also rewards you for sticking to your plan by providing you with a savings bonus as you make your way towards your goal. If you have a short term savings goal, or purpose, our solution can help you make your life goals, whatever they may be, a reality.
Simple charging - With our product, you are able to see exactly what you are paying for. Our plan is easy to understand and there are no complicated fee structures or hidden fees.
Online solutions - Be able to track how much you have saved at any point in time wherever you are in the world with our 24/7 online portal
Short Term- Purpose Saver is a 5-year savings plan with options for 3 or 4 years as well. Perhaps you and your spouse have the option of saving intensively given where you are in your careers. Or perhaps you are looking for a short term solution to suit your current needs.
In the long run- Unlike traditional savings plan, we care what happens to you and your money after. That’s why we have designed options for you to consider after your target saving period. You can choose to continue to save, reap your reward or progress from a saver to an investor
Savings flexibility - We understand that your situation and finances may change along the way. Therefore you are able to choose how much you’d like to save and make increases or decreases to your savings amount after the first six months of saving. You also have the flexibility to choose whether to save on a monthly, quarterly, semi-annually or annual basis. To accelerate savings, you have the option to increase your regular premium with a selected annual percentage (between 1% and 20% p.a.) during the Target Saving Period.
Multi Currency- With our multi-currency offering, you can save in the currency you may need in the future to minimize the potential exchange rate risk when you achieve your savings goal. You can choose to save in GBP, USD, EUR, HKD, SGD and AUD.
Investment- With the comprehensive fund options available under the plan, this can help you to effectively balance your investment portfolio to match your saving goals. By using the Model Portfolio options, you will have an expert, Morningstar is one of the largest independent asset consultants in the world, constantly monitoring your investment portfolio. Ensuring you have the best managers working for you and ensuring you take the right risk, at the right time.
Goal Setting- We have designed our plan to help you to identify your savings goals and put a disciplined plan in place to achieve these. We know that achieving these goals would add purpose to your life or would help meet a need to ease your worries.
Savings bonus- We want to reward you for saving so with our product, you will receive a savings bonus at the end of your target saving period between 1-3% depending on how long you save for
Friends Provident International Limited reserves the right to change its charges at any time, at its discretion, upon one month's written notice to the policyholder.
Friends Provident International Limited (Singapore Branch) does not offer investment advice on the merits or suitability of its products. It is therefore important that you seek financial advice on the suitability of the products to your own circumstances.
Each policy is governed by and shall be construed in accordance with the law of Singapore.