Our savings insurance plans help you to achieve your life goals while protecting you and your family against unforeseen circumstances. Take comfort knowing that you are financially secured at every stage of your life. Save and watch your money grow with our attractive savings insurance plans.
With our range of savings insurance plans, we are here to help you realise your financial goals and ensure a financially secured future for you - whether you are saving for your child's education or enhancing your wealth for retirement in Singapore.
Savings insurance is designed to help individuals save and accumulate wealth over a specific period while providing insurance coverage in the event of unforeseen circumstances. They are structured in such a manner that policyholders can acquire a regular saving habit to build wealth and achieve financial goals in life.
1. Encourages Financial Discipline: Regular premium payments for savings insurance plans can function as a form of forced savings, fostering financial discipline and commitment towards long-term financial goals.
2. Low-Risk Investment: The summed up guaranteed returns tend to be higher than fixed deposits despite having relatively lower investment risk as compared to direct investment to assets in financial markets.
3. Insurance Coverage: Unlike savings accounts in bank, savings insurance provides insurance coverage, offering protection to policyholders or their beneficiaries in specific events covered by the policy, such as death, disability, or critical illness.
4. Tax Benefits: In Singapore, savings insurance plans may offer tax benefits such as tax deductions on premiums paid or tax-free payouts upon maturity or under specific conditions, making them more tax-efficient compared to other savings vehicles.
5. Flexibility: Savings insurance plans may offer flexibility in terms of premium payment terms, coverage options, additional riders (e.g. critical illness, disability), and mode of payment (lump sum or regular payments).