Where can you get Guaranteed Return without locking in your capital for long in the uncertain world today? You should consider short-term endowment plans.
In the past couple of years, short-term endowment plans become very popular in Singapore. With the stock market crash in 2018, global uncertainty and escalating US-China trade war, a lot of people are not sure where they should put their retirement funds in 2019.
If you are a very conservative person, you may consider the latest offer by China Taiping Insurance, i-Save (i-盈).
This is 3-year single premium endowment plan with 2.38% GUARANTEED compounded interest. If you put in $100,000, you will get back $107,320 in 3 years’ time, Guaranteed! It means for every dollar you put in, you get back 107.32% of it.
An illustration of the projection is as below
Is 2.38% a Good Return?How does this compare to other retirement options
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