Enrich saver
Attractive savings for your life’s milestones
A capital guaranteed endowment plan that will provide you a lump sum maturity payout at the end of 10 policy years.
Policy Term
10 years
Premium Term
5 years 1
Product Type
Endowment Plan
Features
- Easy savings with short premium commitment period of only 5 years
- Pay premiums for only 5 years and be rewarded at the end of 10 years1.
- Lump sum benefit upon maturity
- A lump sum benefit consisting of a guaranteed and a non-guaranteed amount will be payable upon maturity.
- Attractive returns upon maturity
- This plan can potentially provide returns of 2.64% and 0.75% per annum upon maturity, based on an illustrated investment rate of return of 4.25% per annum and 3.00% per annum respectively2.
- Capital guaranteed at maturity
- Your capital is fully guaranteed at the end of 10 policy years.
- No health check necessary
- Application is hassle-free as you will not need to undergo any health checks with this guaranteed issuance policy.
- Protection during the policy term
- This plan offers death protection throughout the 10 years of the policy term.
1Automatic Premium Benefit (APB) will pay the premiums of the policy from the 6th to 10th policy year. Please refer to the policy contract for full details of the terms and conditions.
How it works
James (age 50, non-smoker) plans to accumulate savings regularly to fund his financial goals in 10 years’ time. As he has other financial commitments, he prefers a policy with a short premium term. With Enrich saver, James sets aside S$10,054 annually for the first 5 years. Upon maturity of the policy, he will receive a lump sum of S$61,9572 with an illustrated total maturity yield of 2.64%2 per annum.
2The above illustrated values use bonus rates assuming illustrated investment rate of return of 4.25% per annum. Assuming an illustrated investment rate of return of 3.00% per annum, the total maturity benefit for Enrich saver is S$53,388 and the total maturity yield is 0.75% per annum. The two rates, 4.25% per annum and 3.00% per annum, are used purely for illustrative purposes and do not represent the upper and lower limits on the investment performance of the participating fund. As the bonus rates are not guaranteed, the actual benefits payable will vary according to the future performance of the participating fund. Past performance or any forecasts are not necessarily indicative of the future or likely performance of your participating policy.
Speak to an adviser today
You can speak to an adviser by completing the form below to customise your protection needs:
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Age means the age at next birthday.
This policy is underwritten by Etiqa Insurance Pte. Ltd. This content is for reference only and is not a contract of insurance. Full details of the policy terms and conditions can be found in the policy contract.
As buying a life insurance policy is a long-term commitment, an early termination of the policy usually involves high costs and the surrender value, if any, that is payable to you may be zero or less than the total premiums paid. You should seek advice from a financial adviser before deciding to purchase the policy. If you choose not to seek advice, you should consider if the policy is suitable for you. The information contained on this product advertisement is intended to be valid in Singapore only and shall not be construed as an offer to sell or solicitation to buy or provision of any insurance product outside Singapore.
This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg or www.sdic.org.sg).
This advertisement has not been reviewed by the Monetary Authority of Singapore. Information is correct as at 4 February 2022.