AXA Retire Happy Plus Review

NOTE: The AXA Retire Happy Plus plan is no longer being offered in the market. Fill up the form below or Whatsapp us for more information.

With AXA Retire Happy Plus, you can expect to receive a stream of guaranteed cash benefit payouts and total payouts of up to 4.79% along with annual non-guaranteed cash benefits. AXA Retire Happy Plus also manage inflation with increasing guaranteed retirement income at 3.5% p.a.

AXA Retire Happy Plus product details

AXA Retire Happy Plus is featured for lifetime payout benefits in our 3 Best Increasing/ Inflation-proof Retirement Plans in Singapore (Updated)

AXA Retire Happy Plus is featured for lifetime inflation-proofed payout benefits in our 3 Best SRS Retirement Plans in Singapore (Updated)

• Life policy – Annuity
• Issuance age from 18 to 65 years old
• Available for cash and SRS
• Capital Guaranteed at Selected Retirement Age
• Receive a stream of guaranteed income from your selected retirement age to fund for your retirement lifestyle
• Option to increase your guaranteed retirement income at 3.5% p.a. to cushion the effects of inflation
• Enhance your plan with a waiver of premium rider and your retirement goals will stay unaffected even with the onset of disability, critical illness or involuntary loss of income
  
  

AXA Retire Happy Plus is an SRS-approved retirement annuity plan.

AXA Retire Happy Plus options

• Premium Payment options: Single, 5, 10, 15, 20, 25 years
• Retirement ages: Age 50, 55, 60, 61, 62, 63, 64, 65, 70
• Income payout types: Level or Inflated (at 3.5% p.a)
• Payout period: 15 years, 20 years or Lifetime
• Regular premium options: Minimum retirement income of S$6,000 per year, subject to a minimum annual premium of S$2,400
• Single premium options: Minimum $20,000 for cash payment or S$12,500 for payment via Supplementary Retirement Scheme (SRS) account
• Hassle-Free application: No medical questions or examination is required
  
  

Read about: The Complete Guide to Retirement Planning *NEW*

Read about: 3 Best Retirement Plans for increasing/ inflation-proof payout *NEW*

Features of AXA Retire Happy Plus at a glance

Cash and Cash Withdrawal Benefits
Cash value: Yes
Cash withdrawal benefits: No

Health and Insurance Coverage
Death: Yes
Total Permanent Disability: No
Terminal Illness: Yes
Critical Illness: No
Early Critical Illness: No

Health and Insurance Coverage Multiplier
Death: No
Total Permanent Disability: No
Terminal Illness: No
Critical Illness: No
Early Critical Illness: No

Optional Add-on Riders
Premium Waiver rider
PremiumEraser

Additional Features and Benefits
Yes.

For further information and details, refer to AXA website. Alternatively, fill up the form below and let us advise accordingly.

Read about: 3 things to consider before taking up a new financial product

Read about: Effects of compounding returns on your investments

AXA Retire Happy Plus may be suitable if you are looking for

AXA Retire Happy Plus may potentially be a good fit if the following matters to you:

• Regular cash payout during your retirement
• Saving regularly over a period of time or via a single lump sum
• Insurance options without medical underwriting
• Do not need access to the funds until retirement
• To potentially generate higher financial returns compared to bank accounts
  
  

Read about:  Why your retirement planning starts now

AXA Retire Happy Plus may not suitable if you are looking for

AXA Retire Happy Plus may potentially be a bad fit if the following matters to you:

• Health and Protection coverage
• High insurance coverage for Death or Terminal Illness
• Insurance coverage for Early Critical Illness, Critical Illness or Total Permanent Disability
• Lump sum payout upon maturity
• A one-time premium commitment with no further cash commitment
• Potentially higher financial returns compared to a pure investment product.
• Insurance policy with a high surrender value in the early years of the policy.
  
  

Further considerations on AXA Retire Happy Plus

• How is AXA or AXA Retire Happy Plus investment returns based on historical performance?
• How does AXA Retire Happy Plus compare with Endowment policy from other insurance companies?
• Can AXA Retire Happy Plus fulfil my financial, insurance, health and protection needs?
  
  

The above information may not fully highlight all the product details and features on AXA Retire Happy Plus. Talk to us or seek advice from a financial adviser before making any decision about AXA Retire Happy Plus.

Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.

Is AXA Retire Happy Plus suitable for me?