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Feb 5, 2024 · With savings accounts and fixed deposits offering higher interest rates, some insurers are taking their cue with short-term endowment plans as an alternative way to grow your savings. Mid to long-term endowment plans on the other hand, can help you save for significant milestones.
How to achieve your short-term goals. Your policy toolkit. Eligibility and payment frequency. Policy conditions. Other documents. Ways to pay for Gro Capital Ease. Find out how you can make payment for your policy by choosing from the preferred methods below.
SavvyEndowment 15 is a short-term endowment plan that gives you guaranteed returns of 3.12% p.a. in 1 year. Apply online now with a single premium of just S$5,000!"
Here is a short guide to better understand what endowment plans are, how it works and what plans should you buy for yourself and your family.
- Joanne Poh
- Best endowment plans in Singapore. Some of the most widely searched and popular endowment plans in Singapore include the Great Eastern, OCBC, DBS Savvy, NTUC, Prudential endowment plans.
- What is an endowment plan? Before diving into the various types of endowment plans available, it is useful to understand the meaning of endowment plans.
- Why do people buy endowment plans? Endowment plans can be one way to invest if you have a medium- to long-term financial goal to achieve. Some of the more common reasons Singaporeans buy into endowment plans include the following
- Should I get an endowment plan? So, we all know that endowment plans require you to pay a certain amount of money at regular intervals, with the hope that you’ll get more money back when the plan matures.
Jun 21, 2024 · Short-term Endowment Plans: These plans typically have a maturity period of less than 10 years. They are often used for specific short-term financial goals , such as saving for a down payment on a house.
Have a short-term saving goal? Build up your savings over 2 years with Manulife Goal 2024 (II), a short-term endowment plan that gives you returns of up to 3.50% p.a. 1 . Find out more from our Wealth Planning Managers.
