China Taiping i-Save Plan 10th Tranche offers you a guaranteed return of 1.96% per annum for 3 years. The previous tranche in April 2020 which offers you 2.18% p.a. was fully subscribed within a month. With falling interest rates across other financial products such as Singapore Saving Bonds, fixed deposits and saving accounts, I can see why Singaporeans are snatching these limited tranche endowment plans quickly. What are Endowment Plans? Endowment plans such as China Taiping i-Save 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 given a lump sum payout with the guaranteed return. It is best to study the plan carefully as certain endowment plans offers non-guaranteed returns....