Everything to know about the Tiq 3-Year Endowment Plan


The Tiq 3-Year Endowment Plan is underwritten by Etiqa Insurance Pte. Ltd.

There are many kinds of investments and money-saving strategies that can fit into one’s portfolio. Depending on your life stage, risk appetite, and financial capital, we will all make different decisions upon investing in various investment products.

As much as everyone likes growing their money, we all have different preferences and risk tolerance levels.

An endowment insurance plan is one such option that offers returns at a relatively lower risk. This gives you greater peace of mind, with little to no worries about uncertainty and potential losses.

What is an endowment insurance plan?

An endowment insurance plan is akin to a savings plan to help you meet specific financial goals, with a part of your premium going towards insurance coverage while the rest is invested and subject to risk.

Payment for the plan can be done as a lump sum (“single premium”), or regularly throughout the premium payment period (“regular premiums”).

Endowment insurance plans come with varying maturity periods. Some span up to 15 years, while others have shorter maturity periods like the Tiq 3-Year Endowment Plan underwritten by Etiqa Insurance.

In case of your demise, an endowment insurance plan would pay a death benefit although the sum may differ from plan to plan. For the Tiq 3-Year Endowment Plan, 101% of your premium will be paid upon death if the policy is still in-force. That means a sum of S$10,100 will be paid out to your claimant/beneficiary if you paid S$10,000 for this policy.

What is the Tiq 3-Year Endowment Plan?


TIQ 3-Year Endowment Plan


Single premium

Maturity Period 

3 years

Premium Amount 

S$5,000 (minimum amount) 


S$1,000,000 (maximum amount)

Maturity Return 

3.56% p.a. guaranteed returns upon maturity

Death Benefit 

101% of a single premium upon death

Policy Protection 

Up to specified limits by SDIC

Who can purchase this endowment insurance plan?

Any Singapore Resident with a valid NRIC or FIN, between the ages of 17 years to 70 years (Age Next Birthday)

Pre-existing Health Conditions that may disqualify individuals from taking up this endowment insurance plan 


None. Eligible customers, regardless of their health condition, can purchase this endowment insurance plan. However, if a policyowner dies within 12 months of the policy’s issuance from a pre-existing condition, no death benefit will be payable and the premium of the policy will be returned. 

The Tiq 3-Year Endowment Plan is a single premium, non-participating life insurance savings plan. It has a maturity period of three years and requires a minimum premium of S$5,000. You are guaranteed a 3.56% per annum return as a maturity benefit upon completing the policy term. 

Upon death, there is a death benefit (exclusions apply) of 101% of the premium paid. Policy Protection will be up to specified limits by SDIC.

This policy can be purchased by anyone between the ages of 17 to 70 (age next birthday), subjected to full knowledge and understanding of the requirements demanded by the plan. This plan is open to all Singapore Residents with a Valid NRIC or FIN, regardless of prior health conditions.

Why get an endowment insurance plan?

With lower-risk and relatively stable returns, endowment insurance plans give much peace of mind as policyholders move forward in life. Some reasons include:

● Saving up for a future home renovation
● Saving for other short term needs (e.g. wedding, vacation etc)

How can I learn more about the Tiq 3-Year Endowment Plan?

You can learn more about the Tiq 3-Year Endowment Plan here or click the button below!

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This policy is underwritten by Etiqa Insurance Pte. Ltd. (Company Reg. No. 201331905K) Protected up to specified limits by SDIC. Terms apply. As buying a life insurance policy is a long-term commitment, an early termination of the policy usually involves high costs and the surrender value, if any, that is payable to you may be zero or less than the total premiums paid. You should seek advice from a financial adviser before deciding to purchase the policy. If you choose not to seek advice, you should consider if the policy is suitable for you.

Information is accurate as at <9 November 2023>. This advertisement has not been reviewed by the Monetary Authority of Singapore.

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