Best Regular Insurance Savings Plans Singapore 2024
There are many Endowment Savings plans out there. We have specially curated the best plans and compare them for you so you don’t have to do so
Competitive Quotes Over 15 Life Insurers
Securing your financial future requires more than just saving; it requires smart saving. At Tree Of Wealth, we specialize in comparing and recommending from over 15 leading Insurers’ endowment savings plans.
Our focus is on finding the perfect plan that matches your savings goals and timeline, ensuring you build a robust financial foundation for the years to come.
How Endowment Savings Plan Supports You
A new house. A car. Children’s education. A long awaited holiday. Retirement. Legacy planning. We save for a variety of goals and concerns in mind. Savings plans grow at a higher rate than banks accounts, is practically safe and helps to beat inflation.
Safe Wealth Instrument
Grow your wealth with guaranteed & non-guaranteed rate with a peace of mind. Strong returns, regulated and at a low risk.
Hit Your Goals Earlier
Principal and interest yields are guaranteed as long as term obligations are fulfilled as per contract. This means they actually help you achieve your goals faster.
Prepare for the Unexpected
Capital is guaranteed in the event of Death, Total Permanent Disability and/or Terminal Illness. Critical Illness and Cancer are included. Safeguard your savings in the event of unexpected loss.
Best insurance savings plans for wealth growth in Singapore
Singlife Flexi Life Income II
Premium Term
- Single Premium or 3, 5, 10, 15, 20, 25 years
- Break-even 4th Policy Year
Policy Term
- Until age 99
- Flexible withdrawals.
Secondary Life Insured?
Guaranteed Issuance
Yes
China Taiping
i-CashLife
Premium Term
- 5 and 10 years
- Break-even 3 Years after premium term.
Policy Term
- Until age 85.
- Yearly cash dividend & flexible withdrawals.
Secondary Life Insured?
Guaranteed Issuance
Yes
Etiqa
Enrich Flex Plus
Premium Term
- 10, 15, 20 years
- Break-even 15th year of Policy Term
Policy Term
- Until age 100.
- Flexible withdrawals.
Secondary Life Insured?
Guaranteed Issuance
Yes
China Taiping
i-Saver8
Premium Term
- 2 years
Policy Term
Secondary Life Insured?
Guaranteed Issuance
Yes
FWD
Life Income
Premium Term
- Single, 5, 10 years
- Pay out option on 3rd year
Policy Term
Secondary Life Insured?
Guaranteed Issuance
Yes
China Taiping
i-WealthSaver
Premium Term
- Single, 5, 10, 15, 20 years
- Break-even 5 years after premium term
Policy Term
- 10, 15, 20 or 25 years.
Secondary Life Insured?
Guaranteed Issuance
Yes
NTUC Income
Gro Saver Flex Pro
Premium Term
Single premium, 5, 10, 15, 20, 25, 30 years
Policy Term
Secondary Life Insured?
Guaranteed Issuance
Yes
AIA
Smart Wealth Builder II
Premium Term
5, 10, 15, 20 years
Policy Term
Secondary Life Insured?
Guaranteed Issuance
Yes
Singlife Choice Saver
Premium Term
5, 10, 12, 15, 18, 20 or 25 years
Policy Term
Secondary Life Insured?
Guaranteed Issuance
Yes
Get the Best Saving Plans in Singapore 2024
Tailored to your needs, our MAS-Licensed Partner provides and customizes unbiased solutions and compare for you across various providers.
No Obligations & No Hidden Fees.
Frequently Asked Questions
Endowment plans are policies designed to help you save and grow your wealth. Aside from accumulating your wealth, the difference between saving in a bank and biscuit tin (they accumulate your wealth too) an Endowment plan actually grows your wealth with actual returns higher than a bank account or fixed deposits.
Most savings plans are Capital Guaranteed upon maturity and your savings are protected in the event of death. So you can be sure your wealth will be covered for while growing them.
Savings plans are a type of Endowment policies that participates in the underlying assets of Insurers to help policy holders grow their wealth at a steady rate over a specific period of years or age. Savings plans nowadays are becoming more versatile and even provides certain cashback benefits. A new trend of savings plans are getting increasingly popular where “how long to plan maturity” is not the concern anymore.
Instead, the break-even period for premiums and guaranteed amount among insurers are the focus. And they mature when you turn 120 years old.
Depending on the plan features, certain Savings Plans mature after a number of years. There are versatile longer term savings plan that matures when the person is 99 or 120 years old, but breaks-even early at the 5th or 13th year and growing the wealth with flexible cash withdrawals, essentially making it very versatile as a legacy, children’s education planning, young adult’s retirement plan. These Savings Plan allows cash benefit withdrawals and most importantly has Guaranteed Issuance Offer (GIO).
You should consider a savings plan if you want a safe instrument to grow your wealth and also to protect it from inflation’s corrosion. In anutshell, a savings plan provides a lump sum payout at a stable rate of return and most insurers provide capital guaranteed at the end of the policy term.
A Savings Plan allows policy owner to save for a certain number or years (or a one time single premium) and receives a maturity lump sum amount at the end of the saving period. A Retirement Plan pays out a fixed income payout regularly (10, 20 or 30 years) at a specified retirement age chosen by the policy holder (60, 65, 70).
