What is Endowment Plan?

An Endowment Plan is a life insurance policy that combines coverage with savings. It provides a lump sum payout at the end of the term or to beneficiaries if the policyholder passes away, offering both protection and savings.

Benefits of Endowment Plan:

Guaranteed Payout:
Endowment plans offer a guaranteed sum assured payout at the end of the policy term, providing financial security and helping you meet long-term financial goals
Savings and Investment:
Part of the premiums paid into an endowment plan is invested, allowing you to accumulate savings over time. This can help in building a financial cushion for future needs
Tax Benefits:
Premiums paid towards endowment plans are eligible for tax relief under the Supplementary Retirement Scheme (SRS).
Bonuses and Additions:
Many endowment plans offer bonuses such as reversionary bonuses, terminal bonuses, and loyalty additions, which can significantly increase the maturity benefit

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manulife
ReadyBuilder (II)

Payment till Age
5/10/15/20 years or Single Premium

Policy Term
Option for wealth accumulation up to age 120

Special Benefit
Premium freeze option, retrenchment benefit, and change of life insured.

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china taiping
i-Saver8

Payment till Age
2 years

Policy Term
8 years

Special Benefit
Capital guaranteed at maturity, no medical check-up required

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singlife
Choice Saver

Payment till Age
5 to 25 years

Policy Term
10 to 25 years or up to age 99

Special Benefit
Capital guarantee, potential for reversionary and terminal bonuses

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income
Gro Cash Flex Pro

Payment till Age
5/10/15/20/25/30 years

Policy Term
10/15/20/25/30 years, or up to age 120

Special Benefit
Yearly cash payouts, option to accumulate cash payouts with interest

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manulife
GrowSecure

Payment till Age
5/8/10 years

Policy Term
16 or 18 years

Special Benefit
Capital guaranteed at maturity, premium waiver on total and permanent disability

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income
Gro Saver Flex Pro

Payment till Age
5/10/15/20/25/30 years or Single Premium

Policy Term
10/15/20/25/30 years, or up to age 120

Special Benefit
Secondary life assured, premium waiver riders

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