Endowment Plans, commonly as known as Savings Plans, are insurance plans that pays out a lump sum upon reaching its maturity.

Most Endowment Plans offer capital guarantees upon maturity, making them a secure option for wealth accumulation for risk-averse clients.

There are mainly 2 types of Endowment Plans in the market:

• Fixed Tenure Endowment Plans; for example, a 10 year plan or 20 year plan. This type of Endowment Plans allows no flexibility, the Endowment Plan wil be auto terminated and a maturity lump sum will be paid out automatically.
• Whole of Life Endowment Plans; this type of Endowment Plans covers you till age 120. You have the option to choose when you want the policy to mature, or even passed it down as a legacy to your dependants by placing a secondary life assured.
  
  

Note: You can opt for a Limited Pay Endowment Plan for enhanced wealth accumulation, or a Regular Pay Endowment Plan for disciplined savings.

Some Endowment Plans comes with a cashback feature, offering you flexiblity to access part of your funds during rainy days. Riders can also be added into your Endowment Plans for additional coverage, but not a popular option as the coverage will ends when your Endowment Plan reaches it maturity.

There are a wide range of Endowment Plans offered by insurers. Interestguru.sg has curated and listed some of the Best Endowment Plans in the comparison table below. Share your contact details through the form or reach out to us via Whatsapp to let a financial consultant understand your needs and recommend the most suitable Endowment Plans for you at no cost.