Regular Savings Plan

Regular Savings Plan (RSP) is a structured savings plan that lets you decide where your money is invested. This means that you can make your regular savings grow into a substantial sum, as your contributions add up over time. At the same time, the funds you’ve invested in could also be growing.

Who is it for?

RSP could be right for you if:

You want or need discipline to save regularly
With RSP, charges are spread over a long period of time rather than paid upfront. There are also limits on how much can be taken out of the plan before the end of the term that you choose at the start.

You regularly have more than USD 300 available after paying all bills
RSP is best suited for people who regularly have monthly savings of at least USD 300 and want to find ways of increasing the returns that they can get on these savings.

You accept a level of risk for the potential of better growth relative to a savings account
Investing in funds involves a degree of risk – funds can go down as well as up. Each fund has its own risk rating, and our dedicated advisers can help you understand what the right level of risk for you is.

You have a time horizon of 5 or more years
If your savings are for things such as building a retirement pot, a house purchase or putting money aside for your children’s education, then the 5-year minimum commitment of this plan could be a good fit.

For a full understanding of the products, please refer to the policy terms and conditions.

Who isn’t it for?

RSP might not be right for you if:

You don’t want to be tied into a fixed-term plan
RSP has barriers on how much you can take out of your plan before you get to your set end date. For some, this is a helpful way of ensuring they don’t waiver from their goals, but if this is not you, then other plans may better align with how you want to save.

You aren’t prepared for funds to fall in value
Investments go up and down in value. If you’re not comfortable with the possibility that there can be periods where your investment is worth less than you put in, then you might want to consider alternative savings options.

You have a time horizon of less than 5 years
RSP is better suited for people with medium to long-term goals, such as saving towards retirement or the university fees of young children. You decide on the term of the plan at the start – normally a period of 5 to 20 years.