NTUC Income Gro Capital Ease is a single premium savings plan that gives you a lump sum payout with guaranteed return of 1.96% per annum over 3 years. You will receive the lump sum payout at the end of the policy term.
The previous tranche was offered on a limited and first-come-first-serve basis in June 2020 with a guaranteed return of 1.85% per annum over 2 years.
What Are Endowment Plans?
NTUC Income Gro Capital Ease is an Endowment plan. Endowment plans are life insurance saving plans that are offered by insurance companies. The aim is to help policyholders save towards specific financial goals. Policy holders can contribute a regular amount for a designated period of time or pay a lump sum upfront at the start of the policy.
Upon maturity of the policy, you will be give a lump sum payout with the guaranteed return. It is best to study the plan carefully as certain endowment plans offers non-guaranteed returns