SINGAPORE - 1 April 2019 - Etiqa Insurance Pte. Ltd., the pioneer in online insurance savings plans in Singapore, has launched SAVE3, its latest non-participating insurance savings plan that offers an attractive guaranteed payout of 3% per annum for the first 6 years. Ideal for individuals who are seeking wealth accumulation with low risks, SAVE3 promises a guaranteed capital from the end of policy year 4, and accommodates free partial withdrawal without penalty.
Providing the highest returns amongst Etiqa's non-participating plans, SAVE3 also offers a non-guaranteed loyalty bonus, equivalent to 0.6% of the account value, which will be paid at the end of the 6th policy year, and at every subsequent 6 policy year interval if no partial withdrawal is made.
This whole life insurance savings plan has a free partial withdrawal benefit, which can be exercised once during the first 6 years of the policy, if specified conditions are met.
Sue Chi Kong, Chief Executive Officer of Etiqa Insurance Pte. Ltd. said, "We recognise current challenges in the volatile market, and wish to provide a viable financial solution to consumers who are seeking healthy wealth growth with low risks." This is an affirmation to the continued commitment of Etiqa to place people over policies and provide competitive rates to its customers.
Available for a limited tranche only, SAVE3 comprises similar attributes to the popular EASY save series -- Singapore's first online insurance savings solution, most notable for its competitive returns and ease of purchase. Following the lead, SAVE3 is now available for online purchase on Tiq, Etiqa's new digital channel, which aims to provide customers a simpler and more convenient insurance purchase experience.
Though SAVE3 has a short premium payment term of two years, customers who opt for a one-time premium payment can enjoy 3% off their first year premium amount.
