Best Etiqa (Tiq) Insurance Savings Plans in Singapore (2020)

Known for offering short term endowment plans with relatively high returns, Etiqa’s insurance savings plans are worth considering if you are looking for low-risk financial products to grow your savings.

Etiqa, also known as Tiq, is a MAS-licensed life and general insurance company registered in Singapore. It is owned by Malaysia-based Maybank Group.

Best Etiqa insurance savings plans (2020) 

Etiqa’s insurance saving plans are some of the best in the market. They tend to offer relatively higher crediting rates for a short policy term. Here, we have summarized the different savings plans offered by Etiqa to help you decide what is best for you!

Etiqa insurance savings plan

Crediting rate

Lock-in period 

eEASY save V

2.68% p.a. (guaranteed)

6 years 

eEASY save Pro

4.07% p.a. (non-guaranteed)

7 or 15 years


1.80% p.a. (guaranteed)

90 days 

Tiq 3

1.88% p.a. (guaranteed)

3 Years 


1.80% p.a. 

(Guaranteed 1% p.a. + non-guaranteed 0.8% p.a)


Etiqa’s insurance products are covered under the Singapore Deposit Insurance Corporation (SDIC)’s Policy Owners’ Protection Scheme. Your Etiqa insurance plans are protected up to S$500,000 for aggregated guaranteed sum assured & S$100,000 for aggregated guaranteed surrender value per life assured per insurer.

Etiqa eEASY save V

policypal Etiqa eeasy save v promotion

Etiqa eEASY save V is a six-year, non-participating endowment plan that you can sign up for online through PolicyPal.

If you have at least S$20,000 of excess funds to park here and are comfortable with the six-year lock-in period, eEASY save V is a great endowment plan to consider. It has a high guaranteed crediting rate of 2.68% p.a as long as you hold it to maturity. See our full review of EASY save V here.

Crediting Rate: 2.68% p.a. (Guaranteed)

Policy Term: 6 years

Premium Term: Single or 2 regular premium

Premium Amount: S$20,000 to S$200,000

Loyalty Bonus: 0.6% of Account Value at the end of year 6 and every 6 policy year interval (Non-Guaranteed)

Death Benefit: 101% of Account Value 

Etiqa eEASY save Pro

Etiqa eEASY save Pro is a participating endowment policy that provides a high potential return of 4.07% p.a. over a period of 7 or 15 years.

This is best suited for those who can afford a longer lock-in period and hope to get a higher potential return. However, do note that the returns are non-guaranteed as it is dependent on the performance of the participating funds.

Crediting Rate: 4.07% (Non-Guaranteed)

Policy Term: 7 or 15 years

Premium Term: Lump sum or 2 premium term (7 years policy term), 10 premium term (15 years policy term)

Premium Amount: S$5,000, S$10,000, S$30,000, S$50,000, S$80,000 or S$100,000

Death Benefit: 105% of total premium paid

Accidental Death Benefits: 105% of total premium paid

Etiqa ELASTIQ (tranche closed)

Etiqa ELASTIQ is a three year, non-participating endowment plan that provides you with the flexibility to withdraw anytime after a 90 days lock-in period.

The flexibility to withdraw after the 90 days lock-in period along with the 1.8% guaranteed interest rate make ELASTIQ an attractive option to stash your emergency funds. 

Due to the overwhelming demand, Etiqa’s ELASTIQ is currently sold out.

Crediting Rate: 1.80% p.a. (Guaranteed)

Policy Term: 3 years

Premium Term: Single Premium

Premium Amount: S$5,000 to S$50,000

Loyalty Bonus: 0.3% of the average Account Value every 3 years if no withdrawal has been made (Non-Guaranteed)

Death Benefit: 106.8% of Account Value

Others: Flexible withdrawal after 90 days lock-in period 

Etiqa Tiq 3-Year Endowment Plan

Etiqa’s Tiq 3-Year Endowment Plan is a three-year, non-participating endowment plan that provides 1.88% p.a. guaranteed returns at maturity. 

Although the returns are guaranteed, 1.88% p.a. falls far short of the 2.68% p.a. offered by Etiqa eEASY save V plan. If you are willing to commit to a longer lock-in term, we would recommend eEASY save V for higher guaranteed returns. 

Crediting Rate: 1.88% p.a. (Guaranteed)

Policy Term: 3 years

Premium Term: Single Premium

Premium amount: S$10,000 to S$20,000

Death Benefit: 101% of single premium


GIGANTIQ Insurance Savings Plan is Etiqa newest all-in-one insurance savings plan offering 1.8% p.a. crediting rate. The 1.8% p.a. can be broken down into guaranteed 1% p.a. + non-guaranteed 0.8% p.a. for the first policy year up to S$10,000 premium of your policy’s account value.

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

For a limited time, PolicyPal is offering an exclusive promotion when you sign up for GIGANTIQ on our app. On top of the existing 1.8% crediting rate, you can earn up to an additional 8% p.a. in bonus PolicyPal credits. 

Crediting Rate: 1.8% p.a. (1% p.a. + 0.8% p.a. bonus for first policy year)

Policy Term: No lock-in period

Premium Term: Single Premium

Premium amount: S$50 to S$200,000

Death Benefit: 105% of single premium

Head here for a full in-depth review of GIGANTIQ


What’s the difference between participating and non-participating insurance savings plans?

When looking at endowment plans, you might come across the term “participating” or “non-participating”. What does it mean?

For a participating insurance savings plan, a part of your premium goes towards a designated investment fund in order to generate returns. The investments are fully managed by Etiqa. The profit from the participating funds, if any, will then be distributed as bonuses to you.  

While the higher projected returns might be enticing, do note that the returns are not guaranteed. Participating endowment plans are therefore riskier than non-participating ones.

A non-participating endowment plan usually has a pre-agreed crediting rate. This means that the return is usually guaranteed and there will be no bonuses from the profit of the participating funds. However, there might be other forms of bonuses such as a loyalty bonus.


What happens after your Etiqa savings plan matures?

Upon maturity of your insurance saving policies, you can choose to withdraw your savings in full. 

Alternatively, you can choose to continue to save in the account at the prevailing interest rate, which may be higher or lower than during the lock-in period.

In some cases, you may be rewarded with recurring loyalty bonuses if you do not make any withdrawals before. For example, Etiqa’s eEasy save V plan offers a non-guaranteed loyalty bonus of 0.6% every six years. 

If you do not withdraw the money from your savings plan after maturity, you would also still be entitled to the death benefits of the respective policies, based on the average account value or the total premium paid.


Conclusion: Which Etiqa insurance savings plan is the best?

Every single Etiqa insurance savings plan is designed differently for users with different needs. You should decide based on your current financial needs.

For someone who is able to afford a longer lock-in period and is risk-averse, eEasy save V might be a good fit. 

Those who can commit for a longer period and are willing to undertake a slightly higher risk can consider eEasy save Pro for higher potential returns.

GIGANTIQ, on the other hand, is for people who love the flexibility and low commitment. You only need S$50 to start earning returns and there’s no lock-in period, so you don’t have to worry about any cash liquidity in the short term. 

With this in mind, it is best to take some time to evaluate your personal financial portfolio before making a decision. Should you require help, you can always contact PolicyPal for a free portfolio review.


Important Notes 

1 Guaranteed 1% p.a. + non-guaranteed 0.8% p.a. for the first policy year up to S$10,000 premium of your policy’s account value.

2 Up to 8% p.a. bonus credits will be accumulated by friend referral of this product or purchasing other policies via PolicyPal. Terms and Conditions Apply.

3 Selected Life or General insurance products offered as supplementary coverage under GIGANTIQ from time to time.

4 If you have applied for GIGANTIQ before 18 Nov 2020, 23:59PM, you will still be entitled to earn 2% p.a. crediting rate (1% p.a. guaranteed + 1% non-guaranteed) for the first policy year up to S$10,000 premium of your policy’s account value.

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 19 November 2020.

Read more:
10 Best Long & Short Term Endowment Plans in Singapore
Term Life Insurance vs Whole Life Insurance: Which Is Best for You?
Etiqa eEASY save V: Guaranteed 2.68% p.a. Returns!



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