For those who have not heard of Etiqa, the company is owned by Maybank Ageas Holdings Berhad, a joint venture company that combines local market knowledge with international insurance expertise. The company is 69% owned by Maybank and 31% by Ageas, an international insurance group.

Tiq 3-Year Endowment Plan is a single premium, non-participating life insurance savings plan offered by Etiqa that gives you a lump sum payout with guaranteed return of 2.10% per annum over 3 years.

The minimum investment amount is S$10,000 which gives you a return of S$643 at the end of policy maturity.

In my opinion, this is a low risk investment as compared to stocks and bonds. If your heart cannot take it or you cannot sleep because the stock market has crashed due to COVID-19, Tiq 3-Year Endowment Plan is something that you can look at for a short term investment.