If you want to make your money work hard without taking investment risks, you should consider short term endowment plans.
Short term endowment plans are insurance plans that provide a Guaranteed Return for a short policy term such as 2 years to 3 years. The insurance savings plan is protected under the Policy Owner Protection Scheme so there is an extra layer of safety.
NTUC Income has a very popular short-term savings plan of such called “Capital Plus“. They have rebranded it and now the plan is called “Gro Capital Ease“. It is a 3-year savings plan with a guaranteed 1.96% maturity yield.
What is Gro Capital Ease (CSN6)?
Gro Capital Ease is a 3-year non-participating, single premium endowment plan providing a guaranteed return of 1.96% per annum. This plan also provides protection against death, and total and permanent disability (TPD before the age of 70) during the policy term....
I am interested. What is the initial Sum?? Tq.