Insurance
Tiq 3 Year Endowment Plan
By My Sweet Retirement  •  May 20, 2023
The popular Tiq 3 Year Endowment Plan is back. If you are not familiar with Tiq 3 Year Endowment plan, this is a short term Endowment policy that provides you up to guaranteed returns of 3.50% p.a. at the end of 3 years. A lump sum guaranteed maturity benefit will be paid at the end of the policy term. Similar to past tranches, this is offered based on a limited tranche and will end once fully subscribed. There is a catch to earn up to 3.50% p.a. though and I shall share more details below. What are Endowment Policy or Plans? Endowment Policy or 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...
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By My Sweet Retirement
I am a working salaried professional in my mid 30s. Just like most Singaporeans, I worked long office working hours, often trying very hard to find some work life balance. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. I believe we cannot simply rely solely on our Central Provident Fund savings when reaching old age. Neither can we rely solely on our bank savings as we all know the interest rates cannot beat inflation.
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