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

Guaranteed
Returns 36x higher than SRS rate

Capital
Guaranteed

10-Year Payout Period to match IRAS requirements

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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
Single premium investment from SRS
Capital guaranteed. Guaranteed minimum return plus additional non-guaranteed returns.
Regular income from the product from retirement age, maximising the 50% tax concession.
Over 3% p.a. expected return after including bonuses.
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?
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.