The tranche for Singlife Choice Saver V is now closed. For further information and details about this plan, fill up the form below and let us advise you accordingly. Alternatively, check out Singlife Choice Saver for more savings endowment plans from Singlife.
Singlife Secure Saver V is a single premium 2-year savings insurance policy that guarantees a yield of 3.80% p.a. or a return of 107.74% of your single premium upon policy maturity.
Singlife Secure Saver V product details
- Life policy – Endowment and Saving policy
- Single Premium & Short Maturity Term
- Save a Single Premium and receive a lump sum maturity benefit at the end of the 2nd year
- You can save a Single Premium from a minimum of $20,000
- Guaranteed Yield & Maturity Benefit; upon savings policy maturity
- Enjoy a guaranteed yield of 3.80% per annum
- You are guaranteed to receive 107.74% of your single premium
- Calculate your guaranteed maturity return by using this formula: Single Premium x 107.74%
- E.g. $200,000 x 107.74% = $215,480 (Guaranteed Maturity Benefit)
- Capital Guaranteed
- You will receive at the minimum, your single premium from the start of the 2nd year should
- Death Coverage
- You are covered 105% of the Single Premium against death upon premium payment until policy maturity
- Hassle-free Application
- Guaranteed acceptance, no health checks needed
Read About: Endowment and Saving policy: How does it work?
Read About: Endowment and Saving policy: Is it the best option?
Features of Singlife Secure Saver V at a glance
Cash and Cash Withdrawal Benefits
Cash value: Yes
Cash withdrawal benefits: No
Health and Insurance Coverage
Death: Yes
Total Permanent Disability: No
Terminal Illness: No
Critical Illness: No
Early Critical Illness: No
Health and Insurance Coverage Multiplier
Death: No
Total Permanent Disability: No
Terminal Illness: No
Critical Illness: No
Early Critical Illness: No
Optional Add-on Riders
NIL
Additional Features and Benefits
NIL
For further information and details, refer to Singlife website. Alternatively, fill out the form below and allow a licensed financial adviser to provide advice tailored to your needs at no cost to you.
Read About: Effects of compounding returns
Read About: 4 Best Endowment Insurance Savings Plans in Singapore (2023 Edition)
Singlife Secure Saver V may be suitable if you are looking for
Singlife Secure Saver V may potentially be a good fit if the following matters to you:
- A one-time premium commitment with no further cash commitment
- An endowment plan with a short maturity term
- To potentially generate higher financial returns compared to bank accounts
- Savings plan with insurance coverage against death
- A hassle-free application without medical underwriting
Singlife Secure Saver V may not be suitable if you are looking for
Singlife Secure Saver V may potentially be a bad fit if the following matters to you:
- Liquidity or flexibility of withdrawal in your Insurance policy
- High insurance coverage for Death or Terminal Illness
- Insurance coverage for Early Critical Illness, Critical Illness or Total and Permanent Disability
- Lifetime regular cash payout
- Potentially higher financial returns compared to a pure investment product
- Insurance policy with a high surrender value in the early years of the policy
- Passing on a legacy to your loved one(s)
Further considerations on Singlife Secure Saver V
- How are Singlife or Singlife Secure Saver V investment returns based on historical performance?
- How does Singlife Secure Saver V compare with Endowment policies from other insurance companies?
- Can Singlife Secure Saver V fulfill my financial, insurance, health, and protection needs?
The above information may not fully highlight all the product details and features of Singlife Secure Saver V. Talk to us or seek advice from a financial adviser before making any decision about Singlife Secure Saver V.
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering taking up.
Read About: 3 things to consider before taking up a new financial product
Is Singlife Secure Saver V suitable for me?
Contact InterestGuru using the form below. Our panel of licensed financial planners will advise accordingly, based on your financial profile and protection needs.
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