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Category Archives for Endowment

LIC Wealth Plus 2

Life Insurance Corporation Singapore (LIC) has recently launched their Wealth Plus 2 product. This is a single premium 5-year endowment product with an annualized yield of 1.92%. Eligibility: 18 to 70 years old Minimum of S$50k cash, maximum of S$1 mil No medical underwriting required In simple mathematical terms, a yield of 1.92% will mean […]

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Launch of AIA Wealth Accumulator 2

AIA Wealth Accumulator 2 was launched yesterday on 19 May 2014. AIA Wealth Accumulator 2 is a 4-year non-participating single premium endowment plan that provides financial protection against death and guaranteed returns on capital at maturity. This plan is available on a limited tranche basis. The offer period is until the tranche size is met. Key […]

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LIC Launches Wealth Plus Plan in Singapore

Hi, I’m finally back after a period of rest. 🙂 A quick update about a product launched by one new insurance company in Singapore, Life Insurance Corporation Singapore. This company will not be unfamiliar with the Indian Nationals who are based here. Life Insurance Corporation Singapore Life Insurance Corporation Singapore was incorporated as a direct […]

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Launch of Aviva MyRetirement

Aviva has recently launched its new retirement savings plan, MyRetirement. MyRetirement is a regular premium endowment plans that gives you a monthly income (min $500/month) for ten years upon your retirement age (choice of 50, 55, 60 or 65) and a lump sum maturity payout thereafter. Premium terms can be either eight years or up […]

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NTUC Launch of Capital Plus (CPN29)

Yesterday, NTUC launched yet another series of their Capital Plus plan, a limited-tranche non-participating 2-years single premium non-participating plan. Brief outline of the plan: 2-years single premium non-participating plan Guaranteed interest of 1.40%p.a. Every $10,000 investment will receive $10,281.96 at maturity. Provides TPD before age 65 years old (last birthday) and Death coverage Entry age of 16 […]

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