i-Save is a 3-year Singapore-dollar denominated single premium non-participating endowment plan.
It pays out a guaranteed benefit at maturity and has a
Guaranteed yield of 2.18% p.a!
This plan requires no medical underwriting and is available for cash applications. Not SRS.
Upon maturity, we will pay a lump sum amount equivalent to 106.69% of the single premium paid, less any indebtedness.
$100,000 invested will be $106,690 after 3years. Minimum investment is $20,000
Below is a snapshot per $10,000.
How does China Taiping i-Save compare?Previous i-Save plan in Jan2020 was 2.28%. Indeed guaranteed rates are dropping.
But the 2.18% is still slightly better than the NTUC Income Capital Plus few weeks back.
Read article on NTUC Income Capital Plus | 2.13%p.a over here!
The latest May2020 issue of Singapore savings bond (SSB) is only 0.98%pa after 3y.
Hence, this plan offer is attractive and on a first
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