Endowment Savings & Insurance Plans

1. What is the difference between the Savings (fixed) and Savings (with cash dividends)?

Savings plans (fixed) has a one-time lump sum maturity benefit at your choice duration, it does not offer yearly cash dividends and so generally have better returns. This plan is suited if you have a defined savings goal, for example, to save up $50,000 for child education when they reach 18 years old.

If you prefer some flexibility, Savings plan (with cash dividends) offer attractive guaranteed yearly cash dividends. The plan allows you withdraw once a year, or you can choose to accumulated the cash dividends to earn an interest! This plan is great for you if on top of a savings goal, you also have yearly commitments that you like to cater for using this Savings plan, for example, annual income tax or ‘Angpow’ expenses during Chinese new year. 

 

2. What are the premium frequencies available?

The Savings plan can be contributed monthly, quarterly, half-yearly or yearly.

 

3. Can the accumulated cash dividends be withdrawn at any time?

Yes. Partial or full withdrawal of the accumulated cash dividends is allowed at anytime during the policy term.

 

4. Is there guarantee acceptance for this plan?

Yes, there is guaranteed acceptance for this plan regardless of the insured’s health condition. However, financial underwriting is applicable. 

 

¹ The returns include non-guaranteed benefits and are based on the illustration rate of 4.25% p.a.. The returns will ultimately depend on your own age/gender/product premium and benefit term profile. .

² Appoint your loved one as a secondary insured so your policy can continue in the event of death of the insured. Only you as the policyholder (before the age of 65 years old), your spouse (before the age of 65 years old), or your child/ward (before the age of 18 years old) can be the secondary insured at the time you exercise this option. You can exercise this option to appoint a secondary insured no more than three times, and provided the following conditions are met:
- The premium of this policy is paid only with cash;
- No nomination of beneficiary has been made for this policy; and
- There is no change to the ownership of this policy including assignment, bankruptcy, and trust.

 

InsureDIY is a Broker licensed by the Monetary Authority of Singapore and is an Exempt Financial Adviser. This advertisement has not been reviewed by the Monetary Authority of Singapore.