​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  ...