Comparing Endowment Policies

Seen as a disciplined way to save, do you know which endowment plan is suitable for you?

iFAST Insurance Team Mar 20, 2018 1673

RevoSecure
Limited Pay RevoSave
Manulife ReadyPayout Plus
TM Nest Egg (GIO)
eEASY Save
eSAVE flexi
Insurer
NTUC Income
NTUC Income
Manulife
Tokio Marine
Etiqa Insurance
Etiqa Insurance
Coverage
105% of sum assured for death and Total Permanent Disability (TPD) before age 70 and an additional 100% pay out for accidental death
105% of sum assured for death and Total Permanent Disability (TPD) before age 70 and an additional 100% pay out for accidental death
105% of total premiums or guaranteed surrender (cash-in), whichever is higher, paid for death and Total Permanent Disability (TPD)
Death benefit of 105% of sum assured
Death benefit of 105% of total premiums and an additional 100% for accidental death (only applicable for first two policy years)
Receive a lump sum payment upon death, Total Permanent Disability (TPD) and Terminal Illness (before age 71)
Policy Term
10 to 25 years
10, 15, 20 or 15 years
13, 15 or 20 years
10, 15, 20 or 25 years
6 years
15 years
Policy Premium Term
5, 10 or 15 years
5, 10 or 15 years
10, 15 or 20 years
5, 10, 15 or 20 years
1 or 2 years
15 years
Capital Guaranteed upon maturity
Yes
Yes
No, guaranteed maturity value varies with policy term
Yes
Yes, receive 113 or 114% of your capital upon maturity
Yes, receive a total of 120% of sum insured at maturity
Cash benefits
-
Guaranteed yearly cash benefits equal to 5% of sum assured after 2 years
Guaranteed yearly cash benefits of 2-10% sum assured after 1 policy year
Guaranteed yearly cash benefits from 2nd policy anniversary
-
Guaranteed yearly cash benefit equivalent to 5% of sum insured from year of year 2
Interest rates for accumulation with insurer
-
Up to 3.5% p.a.
Up to 3% p.a.
Up to 3.75% p.a.
-
Up to 3% p.a.
Additional benefits
-
-
Premiums waived upon TPD (covered up to age 70)
-
-
Cash advance for immediate funeral expense financial aid
Participating plan
Yes
Yes
Yes
Yes
No
Yes

For a short term policy: eEASY Save

Enjoy a policy term of just 6 years with eEASY Save.

For yearly cash benefits: Limited Pay RevoSave, Manulife ReadyPayout Plus, TM Nest Egg (GIO) or eSAVE Flexi

Receive guaranteed yearly cash benefits just 1 to 2 years after policy anniversary. Cash benefits can also be kept with insurer for additional interest rates.

For a shorter premium payment term: TM Nest Egg (GIO), eEASY Save, RevoSecure or Limited Pay RevoSave

Pay just 5 years of premiums to enjoy up to 25 years of policy term for RevoSecure and Limited Pay RevoSave. Alternatively, TM Nest Egg (GIO) offers a 5 years premium payment term for a policy of up to 20 years.

For an even shorter premium term, eEASY Save has the option of paying just 1 or 2 year premiums for a 6 year policy.

Available Endowment Policies:

Manulife - ReadyPayout Plus, ManuWealth Secure


NTUC Income - RevoSecure, RevoSave, RevoRetire, VivoChild


Tokio Marine - TM Nest Egg (GIO Cashback), TM Nest Egg (2 Pay 8 or 10), TM Wealth Enhancement


Etiqa Insurance - eEASY Save, eEASY Savepro, eSAVE assure 5 presto, eSAVE assure presto, eSAVE enhance, eSAVE rewards presto, eSAVE flexi (5 pay 10) presto, eSAVE flexi

How FSMOne can help you get on track

Our team of friendly advisers are able to help you review your financial objectives, long term commitments, and offer you investment and insurance advice specific to your needs. If you would like assistance in reviewing your financial and protection portfolio, or simply to get a quote for an insurance plan,

Contact Our Advisors Here >

Available Products on FSMOne Insurance

Term Life, Whole Life, Critical Illness, Annuity, Health, Endowment


from Etiqa Insurance, Manulife, NTUC Income and Tokio Marine Life Insurance


*Please check with our advisory team if the product you want is available on FSMOne Insurance


Interested to learn more? Check out these articles:

Should You Compare Endowment Policies With Fixed Deposits?

3 Things You Must Know About Integrated Shield Plans

Here's How Money Can Buy You Happiness

Comparing Term Life Policies

Want An Early Retirement? Find Out How Much It Costs



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