Best Regular Insurance Savings Plans Singapore May 2022

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

What are Endowment Savings Plan?

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.


retirement plans

Still unsure about savings plan?

Read our article here to find out more, or simply contact us instead!

Why Do You Need an Endowment Plan?

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 at a good 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

Endowment plans come in many forms from various insurers in the market. The historic returns, premium term and effective yield returns all play a part in growing your wealth. 

Be it a 3 year savings plan, a 20 years limited pay savings plan or one that matures when you are 120 years old, we compare them all and explain to you what are the differences between wealth accumulation and wealth growth.

Singlife with Aviva

Singlife with Aviva
MyLifeIncome III

5th Year Break-Even Guaranteed. Flexible, stable and consistent, Choose to receive payouts for life or re-invest and withdraw anytime you want!

China Taiping

Shortest term savings plan with the highest returns. An 8 years saving plan with attractive returns of up to 3.13% per annum upon maturity.

China Taiping
i-Cash (III)

Breaking even 3 years after premium term, yearly cash dividend up to 7.2% of basic sum assured & flexible withdrawals. This plan caters to different financial goals & needs at various life stages.

Etiqa Insurance

Enrich Flex

With flexibility in mind, Enrich Flex is designed to have flexible cash withdrawal in life when you need it, as well as breaking even on the 15th year.​

NTUC Income
Gro Saver Flex

Gro Saver Flex comes with Secondary Life Insured (SLI) feature for legacy building element. It is also versatile for shorter term wealth growth as well.

NTUC Income
Gro Cash Flex

Gro Cash Flex has a pay out on the 3rd year, as well as the Secondary Life Insured (SLI) feature for legacy building element. Re-invest the payouts should you not need it for more compounding growth!

Smart Wealth Builder II

The AIA Smart Wealth Builder II is a legacy endowment plan that has the flexibility to withdraw the accumulated cash value when you need it and leave to compound should you not need it.


Singlife with Aviva
MyLifeIncome III

Guaranteed issued plan with no medical underwriting, Aviva’s MyLifeIncome is the shortest break-even long term endowment plan in the market. By breaking even on a short 5th year, the plan either pays you a steady stream of income for life, or choose to grow it even more and withdraw anytime you want!

Best Short Term Savings Plan

China Taiping
i-Saver 8

With a 2 year premium paying term and a 6 years waiting period – total of 8 years and a Capital Guaranteed with attractive returns of up to 3.13% per annum upon maturity, the i-Saver8 is one of the strongest shortest savings plan available.

Get the Best Saving Plans in Singapore 2022

There are many variations of savings and endowment plans out there. We have specially reviewed and compare them for you so you don't have to do so.

Simply fill in the simple Endowment Savings Plan questions to find the best savings plan to best grow your wealth suited to your needs. Our experienced licensed FA advisor will get in touch with you shortly upon your request.

No obligations. No hidden fees and costs. Just professional advice.

Frequently Asked Questions

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). 

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