GIGANTIQ Review: Should You Purchase This 2% p.a. Insurance Savings Plan?

Insurance savings plans are not the coolest financial product, we’ll admit it. But Etiqa’s newly-launched GIGANTIQ offers both attractive returns and low commitment.
GIGANTIQ offers 2%11 p.a. interest from the get-go, and you can start saving and earning returns from just $50. GIGANTIQ is not a bank account or a fixed deposit.
With no lock-in period and an exclusive 8% p.a. bonus credits2# only on PolicyPal, signing up for GIGANTIQ with us is one way you can maximise your returns!

What is GIGANTIQ? How does it work?

GIGANTIQ is Etiqa’s newest all-in-one insurance savings and protection plan offering 2%31 p.a. interest on the first $10,000 for the first year, with no lock-in period. The 2%41 p.a. can be broken down into 1% p.a. guaranteed and 1% p.a. non-guaranteed.

You can start an account with as little as $50. From there, you can top-up at no cost and make partial withdrawals (transaction fee applies) without any lock-in period. Do note that your account balance cannot go below $50 if you want to earn the rate of returns stipulated.

It is an all-in-one insurance savings and protection plan, offering both life protection (death benefit of 105% of your account value) and savings. A nice feature is the opportunity to earn additional interest on the first $10,000 with every protection plan purchased52.

Who would benefit from GIGANTiQ?

So, is GIGANTIQ the plan for you? Well, like many other financial products, it is more fitting to some than others.

The first group that looks to benefit from GIGANTIQ would be young adults who are just starting out in life.

With a low minimum initial requirement, you can start earning returns from just $50. With not much savings to work with, young adults and fresh graduates can really start saving with GIGANTIQ at a lower entry point.

The other group which will benefit from GIGANTIQ are your lazy savers. This group of people loves the idea of passive income, just parking their cash somewhere and earning interest easily.
Besides parking your money in the account and letting it earn interest, not much management is required on your end. With a low barrier to entry and no commitment period, GIGANTIQ is a great plan for lazy savers.

How to start saving with GIGANTIQ on PolicyPal?

Next, you should be wondering how to get started with GIGANTIQ and the good news is that with PolicyPal, you don’t have to worry about any long and tedious processes.
Our in-app application process takes just under 10 minutes for you, so you can start earning the returns from GIGANTIQ almost right away.
To start off, you can go on to our app (download it if you haven’t!). Click on the GIGANTIQ banner and you’ll be directed to our sign up page and you can start applying!
A key section of the application process is to decide how much you would like to begin to save. As mentioned earlier, you can start saving from $50 and increase all the way up to $200,000.
Enter all your relevant information, pay via FAST Transfer or PayNow and you’re good to go! 


You will receive an email confirmation upon successful completion of your GIGANTIQ application and do give us up to 2 working days for the inception of your policy. You will also receive a confirmation email upon successful inception of policy.

You can track and redeem your bonus PolicyPal credits (earned via referrals and purchased policies) on our PolicyPal mobile app but do take note that managing your GIGANTIQ policy itself will have to be done through Tiq by Etiqa mobile app.
This means that all top ups and withdrawals will be on Tiq by Etiqa mobile app. Please take note that further top-ups and withdrawals can only be done if you have a DBS/POSB account.
So, you may ask why the need to register on our app?

PolicyPal x GIGANTIQ promotion: Sign up now and get up to 8% bonus credits!

We’re running an exclusive promotion on our platform where you can get bonus credits as high as 8% p.a. when you sign up for GIGANTIQ with us!
With a simple and easy sign up process as well as earning bonus credits by simply sharing with your friends and family, your returns can be more than GIGANTIQ with PolicyPal.



(% of total premium on PolicyPal)

No. of times

Max Bonus

Refer friend to purchase GIGANTIQ




Purchase additional policy from PolicyPal




Total Max Bonus

(Capped at total premium of $10,000)


For more information, please refer to the full terms and conditions.

What is universal life insurance?

Now, some technicalities. GIGANTIQ is not an endowment plan — it is technically a universal life insurance plan.
Universal life insurance is a form of insurance that offers a lot of flexibility. Unlike other
insurance policies, with a universal life insurance, you can top up and withdraw your premiums, and the returns and coverage will adjust accordingly.
While these universal life insurance plans provide some protection component, the coverage is rather low so it should not be relied upon solely for protection purposes.
In the event of default by the insurance company, your insurance savings plan is insured. In the case of GIGANTIQ, this policy is protected under the Policy Owners’ Protection (PPF) scheme which is administered by the SIngapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you.
Important Notes
1 Guaranteed 1% p.a. + 1% p.a. bonus for first policy year, available on a first come, first served basis.
2 Selected Life or General insurance products offered as supplementary coverage under GIGANTIQ from time to time. <Coming soon>
# Up to 8% p.a. bonus credits will be accumulated by friend referral of this product or purchasing other policies via PolicyPal. T&Cs Apply.
GIGANTIQ is not a bank account or a fixed deposit. It is an insurance savings plan that earns a crediting interest rate.
This policy is underwritten by Etiqa Insurance Pte. Ltd. (Company Reg. No. 201331905K). As buying a life insurance policy is a long-term commitment, 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 are recommended to read the Product Summary, Policy Illustration and policy document for the exact terms and conditions, specific details and exclusions applicable to this insurance product. You should seek advice from a qualified financial adviser who will be able to advise you on a suitable product. Otherwise, you may end up buying a plan that does not meet your expectations or needs. As a result, you may not be able to afford the premiums or get the insurance protection you want. In the event that you choose not to seek advice from a financial adviser, you should consider whether the policy is suitable for you and meets your needs in light of your objectives, financial situation and particular needs.
Full details of the GIGANTIQ policy terms and conditions can be found here.
This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association (LIA) or SDIC websites ( or
This advertisement has not been reviewed by the Monetary Authority of Singapore.​ Information is accurate as of 7 October 2020.



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