Manulife Goal 2024 (I) is a short-term Endowment plan that provides guaranteed returns of 3.16% p.a. at the end of 2 years. If you include the non-guaranteed component, you can earn up to 3.36% p.a. based on the higher illustrated investment rate of return (IIRR) of 3.80% per annum. The non-guaranteed maturity bonus will be 0.42% of the single premium.
Manulife Goal 2024 (I) may not offer you the best guaranteed returns in town but one of the advantages of this plan is that it only requires a low minimum single premium of S$5,000 via cash or Supplementary Retirement Scheme (SRS) to get started.
Manulife Goal 2024 (I) is issued and underwritten by Manulife (Singapore) Pte. Ltd. (“Manulife”) (Reg. No. 198002116D) and distributed by DBS. Thus, you can find this Manulife Goal 2024 (I) at DBS website.
What are Endowment Plans?
Again, if you are not familiar with Endowment plans, they are life insurance saving plans offered by insurance companies to help you with wealth accumulation....