The S$ 2Pay5 plan is a 5-year non-participating, limited 2-year pay product. i.e. you will need to pay annual premiums for two years, and then receive a lump sum payout at the end of five years.

The plan offers a guaranteed yield ranging from between 2% to 2.2% depending on the annual premium amount.

It is suitable for individuals who would like a guaranteed return of 2% over 5 years and does not have any immediate cash needs.

Risks involve surrender penalty upon early withdrawal.

The plan also provides for an additional 10% accidental death benefit in the first policy year....