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...