Singlife launches new digital wealth booster

The plan offers a guaranteed annual yield of 3.25%.

Singlife has unveiled a new digital short-term endowment plan that allows customers to boost their personal wealth.

This single premium, non-participating endowment plan can be self-purchased, offering a low-risk investment option with competitive rates in an uncertain economic climate.

The product is designed for digitally-savvy customers familiar with savings plans and seeking competitive rates for wealth growth. 

It features a guaranteed annual yield of 3.25%, providing a maturity benefit of 110.07% of the investment amount after three years. 

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This self-purchase option is available anytime and anywhere, with payments accepted via cash or Supplementary Retirement Scheme (SRS) funds, the latter avoiding cash outlay and catering to seniors' needs for retirement wealth accumulation and liquidity.

Customers can buy the plan without health checkups, making it suitable for various life stages. Additionally, it offers a death benefit of 105% of the single premium amount, providing extra protection and peace of mind.