When the stock market plunges because Fed increase interest rates, where else can you invest? My answer is NTUC Income Gro Capital Ease Eco.
This is a single premium endowment plan that gives you a guaranteed maturity benefit of 105.56% after 3 years. This is based on the guaranteed yield at maturity of 1.82% p.a.
What are Endowment Plans?
Endowment plans are life insurance saving plans 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.
In this case, Gro Capital Ease Eco Plan is a single premium, non-participating life insurance savings plan offered by NTUC Income Insurance...