The Growth Plan from NTUC is one of the more popular single premium endowment plans in the market for a duration of five years or more.
While the returns are nowhere near what you can get from an equity investment, it does give a conservative and steady returns of 2-4%+ p.a.
The interest rates in Singapore have reduced quite significantly over the past few years. 12-month fixed deposit rates are now hovering around 0.4% p.a. compared to 0.9% p.a. 5 years ago. Similarly, 5-year Singapore government bond yields have declined from 3.2% p.a. 5 years ago to 0.9% p.a. today.
As such, NTUC have decided that it is no longer possible to offer the Growth Plan in its current form and have withdrawn it from the market.
A new version of the Growth Plan will be launched in its place but you can expect returns to be poorer compared to the old one. 🙁