Singapore: Aviva and DBS launch Singapore's first Renminbi-denominated insurance plan 08 December, 2011 The Dragon Renminbi Plan is Singapore’s first single premium non-participating endowment plan, offering investors a yield of 2.85% per annum over a five year period. The Plan, underwritten by Aviva, will be available exclusively to DBS customers at all DBS Treasures Centers. Aviva and DBS Bank Ltd (“DBS”) have launched the Dragon Renminbi Plan – Singapore’s first five year Renminbi-denominated (offshore Chinese Yuan, CNH1) single premium non-participating endowment plan. The product, underwritten by Aviva, will allow investors to take advantage of opportunities on offer in the rapidly developing Chinese market. The Dragon Renminbi Plan is available to investors at all DBS Treasures Centres, with a minimum single premium of RMB250,000. According to Jeremy Soo, managing director and head, Consumer Banking Group (Singapore), DBS Bank: “We’ve seen a strong demand for Renminbi products, since introducing our suite ......