Best short & long term endowment plans in Singapore (2021)
Short-term endowment plans In light of low bank interest rates, even newbies to finance are getting curious about short-term endowment products. With decent returns, short commitment periods and simple mechanics, short-term endowment plans are indeed a viable alternative to savings accounts or fixed deposits. Although provided by insurers, endowment plans are fundamentally savings plans to help you hit a target amount at a later date (e.g. your nest egg). After paying the premium, you wait for the funds to mature, then cash out a larger amount than you’ve put in. Sounds simple enough, but...
Source: asiaone.com