NTUC has decided to come up with another short-term low-risk savings tranche of the popular Gro Capital Ease. The Gro Capital tranche is a short-term insurance plan that is ideal for you if you have the following specific needs:

1. Money meant for your child’s university or tertiary education in the next few years
2. Money means for renovation, wedding banquet

Because the money will be locked up for a short period, these kinds of insurance endowment plans are not ideal if you need the money asap. For example, you wish to take advantage of the market downturn and invest at a low price. This is also not ideal if your relative needed help in the next 2 weeks, you really want to help, but with this, you might not be able to liquidate the money fast enough. So do think about your needs. Short-term insurance endowment plans are also ideal if you do not know what to...