NTUC Income Gro Capital Ease is a single premium savings plan that gives you a lump sum payout with guaranteed return of 1.58% per annum over 3 years. You will receive the lump sum payout at the end of the policy term.
The previous tranche (September 2020) was offered on a limited and and on a first-come-first-serve basis with a guaranteed return of 1.96% per annum over 3 years.
Despite the current tranche offering a lower returns, this is still the best return you can find around as compared to fixed deposits or Singapore Saving Bonds.
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.