fbpx

Compare Endowment Plans in Singapore

Moneyline.SG compares over 15 insurance providers to get you the best endowment plan in Singapore.

Learn about the different types of endowment plans and compare plans from different insurers to find the best endowment plan in Singapore that suits your needs.

Endowment Plan Singapore

Why Get an Endowment Plan?

Endowment Plans Are Stringently Regulated by MAS to Protect Consumers

Stable Returns

Most endowment plans provide stable returns that can beat the banks over a period or at maturity.

Lump Sum or Regular Pay

Choose between different payment options, such as a one-time lump sum payment or regular premium payments. You can even choose how you receive the payouts, such as receiving a lump sum or regular payments over time. This flexibility provides you with an all-weather solution to your financial planning goals.

Principal Guaranteed

All endowment plans in Singapore provide full or partial principal guaranteed by the insurer and policy owner protection scheme upon maturity or later in the policy term; hence your money is safe.

Predictable

Your endowment plan can serve a different purpose at different life stages. Whether it is for your child's education, retirement or future expenditure, your endowment plan provides predictable outcomes to meet your financial targets.

Compare and Get Quotes from Different Endowment Plan Providers

We can help you get quotes for these plans from the respective providers and get you the best endowment plan in Singapore.

Endowment Plan

Amount:
Term:
Show more results

Other Features of an Endowment Plan

real financial planning

Add Riders

Here are some riders you may add to your endowment plan’s protection to ensure that the plan continues upon the payor’s death or diagnosis of a certain condition.

 

  • Payor Premium Waiver
  • Cancer Premium Waiver
  • Critical Illness Premium Waiver
  • Payor Critical Illness Premium Waiver

 

Secondary Life Assured

Allows your plan to be transferred to a third party so the other party can enjoy the fruit of your labour whether you are around or not

 

Lifetime Endowments

Certain insurers have plans with the option for you to maintain the plan for life and allow partial withdrawal anytime when there’s cash value within the policy term without any penalty. Such plans have multiple uses and purposes.

What Should You Look Out for When Buying an Endowment Plan?

  • 4.25% p.a. is neither the maximum nor indicative return of the endowment plan. It’s a projection.
  • There are participating and non-participating endowment products, so know what you are buying.
  • Know the guaranteed returns; this way, you can avoid the worst return for your endowment upon maturity. 
Critical Illness Plan

The Biggest Advantages of Getting an Endowment Plan Are the Certainty and the Exit Strategy That Comes with It Being Created by You for You or Your Loved Ones

Get your Quote

An MAS-Licensed Expert will provide you with objective advice and help you compare insurance quotes from different providers. 100% free and no commitment. Retrieve your info using your singpass app or manually fill in the form below.

Frequently Asked Questions

Latest Articles Related to Endowment Plans

Endowment plans provide policy owners with a lump sum upon maturity with the benefit of compounding returns for a period of their choosing. The benefit includes a potentially higher return than bank savings with principal guaranteed if certain criteria are fulfilled. If you are looking for comprehensive coverage for a set period of time, you may also want to consider term life insurance in addition to an endowment plan.

A short-term endowment plan in Singapore, on the other hand, is a type of investment plan that typically has a term of two to six years, during which the policyholder pays premiums into the plan. At the end of the term, the policyholder receives a guaranteed lump sum payout.

You should consider it if you prefer your savings to have a principal guaranteed element as well as a potential return that can beat the bank in the long term. You should also have a conservative risk profile, or it can be part of a wealth product that serves as cash in your overall investment or wealth accumulation portfolio.

Most endowment plans guarantee principal and interest if the policy owner fulfils the contract obligations. As shown in the benefit illustration, some have partial principal guaranteed upon maturity.

There will be no way to ascertain this as this is a non-guaranteed return. Most potential buyers will be able to see the historical returns from the first two pages of the policy illustration. Such previous returns do not guarantee future performances, even if they can be a good sign/indicator of whether the plan can outperform or keep up with higher projections.

Certain endowment plans provide other features, such as retrenchment benefits or payout.

Yes. However, you might suffer a loss of principal if the termination comes early on during the contract.

Click on ‘Get a Quote’, and an expert and seasoned financial advisor will provide objective advice and get quotes from different companies for you to compare. This service is 100% free with no obligation on your end.

GGPL

How Financial Planning Is Actually As Simple As 4 Letters: GGLP

How Financial Planning Is Actually As Simple As 4 Letters: GGLP Singaporeans

Read More
FWD life protection whole life

FWD Life Protection – All Good In One Whole Life

FWD Life Protection – All Good In One Whole Life Are you

Read More
China taiping whole life plan

[Analysis] Why China Taiping i-Secure Legacy II is one of the best whole life plan

Based on these factors, we believe China Taiping i-Secure currently provides you

Read More
life insurance singapore

Etiqa Essential Whole Life Cover Review (updated 2022)

Introduction of Etiqa Essential Whole Life Cover Good day folks, in this

Read More
NTUC Income Heritage Solitaire - Review

NTUC Income Heritage Solitaire – Review

NTUC Income Heritage Solitaire — Inheriting wealth from your parents does not

Read More
foreigners buying insurance in singapore

Can Foreigners Buy Life Insurance in Singapore?

Can Foreigners Buy Life Insurance in Singapore? It is extremely common for

Read More
What insurance do i need ins ingapore

What insurance do I need in Singapore?

What insurance do I need in Singapore? There are 3 types of

Read More
life insurance singapore

AXA Life Treasure II Whole Life Insurance – Taking the best from every aspects

AXA Life Treasure II Whole Life Insurance – Taking the best from

Read More
Singlife MyLifeIncome II

Singlife MyLifeIncome III: Lifetime of Income with Legacy Useage

Singlife MyLifeIncome III the 3rd version of the popular lifetime income plan

Read More
Indexed Universal Life

Indexed Universal Life (Indexed UL): How Are They Different from Traditional UL?

Indexed Universal Life (Indexed UL): How Are They Different from Traditional UL?

Read More

Disclaimer

  • Moneyline.sg is an independent information provider. It is not a bank or financial services provider and cannot give direct financial advice.
  • All Sample Premium results if shown are based on the criteria indicated and MoneyLine.sg does not warrant or guarantee that anything written here is accurate, timely, or relevant to the solution of any problem you may have.
  • Contents are intended as general information only and do not consider financial situation or need of any user or reader, any specific person or group of persons. It does not constitute advice nor does any part of the content constitute an open offer capable of forming the basis of a contract.
  • Moneyline.sg works with Synergy Financial Advisers to present these contents. Synergy Financial Advisers makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose. All information provided is not intended to be and does not constitute financial advice, insurance advice or any other advice or recommendation of any sort offered or endorsed by Synergy Financial Advisers.
  • Promotions indicated on this page may not be accurate and may be subjected to changes by providers without warning. Moneyline.SG does not take responsibility for the accuracy of the information shown in this content.
  • You are recommended to seek financial advice from a qualified financial advisor for product suitability and its latest premium rates quotation before deciding to purchase the product. In the event you choose not to seek advice, you should consider if the product is suitable for you.
  • Without prejudice to the generality of this, MoneyLine.sg Pte Ltd specifically excludes liability for any loss or damage no matter how arising from the use of this Web Portal or of any information or services provided through this web portal.
  • Please read our full Disclaimer on the use of our website.
×