Personal Finance
Endowment Series Four: Singapore Life’s Short Term Endowment Plan 2019
By Seedly  •  July 31, 2019

The lead up to Singapore’s 54th birthday has seen a slew of SG54 NDP deals and promotions on almost everything you can think of.

Including the recent $54 Huawei phone promotion that created more anger and frustration than anything…

Source: @wakeupsingapore | Instagram

Ouch.

Well, it’s okay if you missed that promo because PolicyPal and Singapore Life have an SG54 collaboration of their own: a 1.54% rebate on a 3 or 5-year short-term endowment plan which offers up to 2.38% returns per annum.

And that’s way better than any $54 smartphone because the returns you’re getting is higher than any bank’s fixed deposit rates and even what the latest Singapore Savings Bond (SSB) would give you.

TL;DR: Is The Singapore Life Endowment Series Four Worth It?

The Singapore Life Endowment Series Four is a single premium non-par savings plan that is available while stocks last.

Key things to note:

Non-Accidental...
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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