Short term endowment plans are forever popular and their "tranches" are fully subscribed very quickly.
Again, tranches is a french word for a portion of something, usually of money.
This article is to give you the ultimate guide on these short term plans. You can use this as a referencing point for present and future offerings.
How these plans work is very simple.
1) Apply for the plan and make premium payments as soon as possible.
As the plans are popular, it is usually being offered on a first-come-first-serve, premiums paid basis.
2) Wait for the policy to mature, most plans lasts 2 to 5 years.
Sometimes a single tranche may have plans offered in two policy terms, for example, SingLife previously had a 3 year and a 5 year endowment plan in one offering. It's natural that the longer period will come with slightly higher returns.
3) Upon maturity, the guaranteed returns with guaranteed capital will
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