NTUC Income will be launching their limited tranche short term endowment plan Capital Plus (CPN35) on 6th June 2018.
Capital Plus at a glance:
- 3-year non-par, single premium endowment plan
- Guaranteed yield of 2.30% pa
- Capital guaranteed upon maturity
- No medical underwriting required
- Minimum amount required $20,000
- Cash and SRS only, no CPF
The benefit illustration (based on $10k) for the Capital Plus is shown below:
![](data:image/svg+xml;charset=utf-8,<svg height="346" width="1124" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
As a form of comparison, the current month’s Singapore Savings Bond is giving 2.08% simple interest over 3 years.
Added: As of 5pm on 6th June, 2018, the tranche is fully sold out and no longer available.