Unlike investments like shares or deposits, which require only a lump sum payment at the start, endowment plans require you to continue paying premiums throughout the lifespan of your plan.

The vast majority of endowment plans in Singapore have the following in common: Single premium vs regular premiums Yearly cash benefits + 1.74% to 2.87% (non-guaranteed, accumulated cash payouts)Įtiqa Tiq 3 Year Endowment Plan (fully booked)īefore diving into the various types of endowment plans available, it is useful to understand the meaning of endowment plans. Here, a summary of the best endowment plans in Singapore and their interest rates: Best endowment plans in SingaporeĢ.5% (if you choose to accumulate payouts)ģ% (total of guaranteed & non-guaranteed)ġ.5% to 3% (accumulate payouts, non-guaranteed)ģ.25% (accumulate payouts, non-guaranteed)Ĥ.71% (upon maturity) + monthly dividends + potential one-off dividend upon claimĥ% guaranteed yearly cash payout 3% bonus (non-guaranteed, for reinvested cash payouts)ģ.39% (guaranteed upon maturity) + 0.15% (bonus, non-guaranteed) Some of the most widely searched and popular endowment plans in Singapore include the Great Eastern, OCBC, DBS Savvy, NTUC, Prudential endowment plans.

Things to look out for before buying an endowment plans.

What are the cons of an endowment plan?.

That’s why you need to know what you want out of an endowment plan before you know what type to buy.īefore you make an informed comparison of the various types of endowment plans, you should never blindly buy one just because it was recommended to you by an agent! Contents The various types can be so different that it’s impossible to compare them apple-to-apple. There are a variety of endowment plans, including the infamous investment-linked insurance. Endowment plans are a fairly common type of product that Singaporeans often buy for investment purposes.

In Singapore, investing is essential to financial health. Investing isn’t something that’s reserved for rich people.

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