I received an email on 5th August 2022 from Income. Gro Capital Ease is offering a guaranteed return of 2.81% per annum for their 3-year single premium insurance savings plan. If you have not heard of Gro Capital Ease, it is a single premium endowment plan that gives you a maturity benefit of 108.67% after 3 years with a guaranteed return of 2.81% p.a. Similar to past tranches, this plan is available on a limited tranche & first come, first served basis only.

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...