Quick answer: Seven insurers lead Singapore’s endowment plan market in 2026: AIA, Manulife, Great Eastern, NTUC Income, Etiqa, HSBC Life, and Singlife. They all offer guaranteed returns with life coverage, but differ in yield, minimum premiums, and policy terms. Whether you are saving for a child’s university fees, a milestone celebration, or simply parking cash for a few years, one of these can lock in growth without stock-market anxiety.
You’ve probably heard about endowment plans from a kaki who swears by them for a flat deposit. But knowing which plan suits your timeline—without locking away your liquidity for decades—is the part locals suss out early. The trick? Look past the flashy projections and check the guaranteed returns, SRS eligibility, and how fast you can apply during your lunch break. This list is your inside track.
This sits inside Best Investing & Insurance in Singapore, alongside 25 related guides.
AIA Singapore
AIA Singapore has been in the game long enough that you probably know someone who has a policy with them. Their endowment plans—the AIA Guaranteed Protect Plus (II) and AIA #Wealth Savvy—give you a guaranteed maturity benefit alongside death coverage, plus a shot at non-guaranteed bonuses that can push the projected yield up to 3.90% p.a. Terms are flexible, so whether you want a short commitment or a multi-decade build-up, there is a configuration that fits. The office handles policy servicing well and they have picked up innovation awards across Asia, which is reassuring when you are locking away a chunk of capital.
This one suits families who want a quiet, dependable plan they can set and forget while life moves on. You can reach them at 1800 248 8000 (local) or +65 6248 8000 from overseas. The address is 1 Finlayson Green, Singapore 049246. Operating hours: Monday to Friday, 8:45 am to 5:30 pm, excluding public holidays. AIA Singapore
If you want a plan that your parents would recognise and your financial planner won’t frown at, AIA is the familiar pick. The flexibility in term length means you can match it to a child’s university age or your next HDB upgrade without overcommitting. Many locals check the bonus track record quietly before signing.
Manulife Singapore
Over at Manulife Tower, the team has built a tidy set of endowment plans that work hard for your money in a short span. Manulife Goal 12 and Manulife Goal 2025 both offer guaranteed returns up to 5.07% p.a., plus a maturity bonus. The entry premium starts at S$5,000, so you do not need a fortune to get going. What sets them apart is the emphasis on capital preservation: you get your guaranteed sum back, and the life coverage runs alongside. Claims support is straightforward, which matters when the time comes to collect.
If you have a lump sum from a bonus or an investment that matured and you want a safe place to park it for a few years, this is a solid pick. Phone: +65 6833 8188. Address: 8 Cross Street, #13-01 Manulife Tower, Singapore 048424. Open Monday to Friday, 9:00 am to 5:00 pm, closed public holidays. Manulife Singapore
The short duration appeals to those who treat it like a fixed deposit with insurance perks. It’s a favourite for parents parking children’s savings for a future goal. The capital protection means you can plan your renovation budget without sleepless nights, knowing the sum you set aside stays intact.
Great Eastern Singapore
Great Eastern’s GREAT SP series is for the practical saver who wants certainty without drama. The plans start from just 2 years, and the guaranteed yield sits around 1.2% to 1.60% p.a.—not the highest on paper, but the capital guarantee is ironclad and the medical requirements are minimal. If you dislike paperwork and prefer a straightforward “money in, money out” arrangement, this is a hassle-free way to lock in a gain. The company has decades of history in Singapore and multiple accolades for life insurance, so you are leaning on a familiar name.
It works well for someone topping up an emergency fund or stashing away a sum they will need in two or three years. For an indulgent twist while your money compounds, you might enjoy our roundup of the Finest Watches for Women in Singapore. Contact Great Eastern at 1800 248 2888 (local) or +65 6248 2888 (overseas). Address: 1 Pickering Street, #01-01 Great Eastern Centre, Singapore 048659. Monday to Friday, 9:00 am to 5:30 pm, excluding public holidays. Great Eastern Singapore
Designed for the ‘settle and forget’ crowd, the fuss-free medical underwriting is a relief if paperwork makes you sian.
NTUC Income
NTUC Income’s Gro Capital Ease has become a household name among Singaporeans who want their savings to pull double duty. It offers guaranteed yields up to 3.55% p.a. and accepts Supplementary Retirement Scheme (SRS) funds, which is a neat plus if you are managing retirement cash flow. The plan covers death and disability, and the application process does not tie you up in medical hoops. Many appreciate the cooperative ethos and the fact that payouts rarely come with friction.
If you are planning a milestone like a renovation or a child’s education, this one gives you a reliable target date sum. Stop by at 75 Bras Basah Road, NTUC Income Centre, Singapore 189557, or call +65 6788 1777. Monday to Friday, 9:00 am to 6:00 pm, closed on public holidays. NTUC Income
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The SRS compatibility is a side door for those looking to reduce taxable income while locking in decent returns. Many use it to complement their CPF savings for retirement, and the community-driven approach feels less corporate, more like a neighbourhood cooperative you can trust with your nest egg.
Etiqa Insurance Singapore
Etiqa has leaned hard into digital efficiency, and their endowment plans show it. The Etiqa Growth Assure II and Tiq 3-Year Endowment boast guaranteed returns up to 7.38% p.a., with minimum premiums starting at S$5,000. Both skip the medical exam, so you can be covered fast. They also throw in cashback incentives, which feels like a pat on the back for making a disciplined choice. The whole process, from application to maturity, lives on a clean platform that even the tech-averse find manageable.
Ideal for savers who want a three-year boost, maybe to fund a family holiday or a down payment on a car. While that policy ticks away, a meal from our guide to the Finest Unagi Experiences in Singapore might be a nice little reward for your foresight. Reach Etiqa at +65 6887 8777 or visit 1 Raffles Quay, #22-01, Singapore 048583. Monday to Friday, 8:45 am to 5:30 pm, excluding public holidays. Etiqa Insurance Singapore
The digital sign-up is swift—perfect for the millennial who does everything on their phone during the MRT ride. The cashback feels like a small reward for being disciplined, and the high projected returns make it attractive for those willing to study the illustration carefully before confirming.
HSBC Life Singapore
HSBC Life marries its banking heritage with insurance in the HSBC Life Online Endowment. You get a guaranteed 3.90% p.a. yield over a 3-year term, plus terminal illness coverage. The application runs through SingPass, so you can be done in minutes. If you already bank with HSBC, the integration means you can view your policy alongside your accounts, which keeps things tidy. The team behind it has received international awards for wealth solutions, so the structure is well tested.
This suits the professional who wants a short-term, high-certainty option and values the convenience of a single financial dashboard. Head down to 10 Marina Boulevard, Marina Bay Financial Centre, Tower 2 #48-01, Singapore 018983, or call +65 6880 4888. Monday to Friday, 9:00 am to 5:00 pm, closed public holidays. HSBC Life Singapore
If you already use HSBC for everyday banking, this slips right into your app like a new tab. The terminal illness cover adds a layer of security that many overlook until it’s too late. It’s a clean, no-nonsense option for short-term planners who want their money working within three years.
Singlife
Singlife keeps things sleek with the Singlife Digital Saver—a 3-year plan offering guaranteed returns up to 2.60% p.a. and full capital protection. The minimum premium is S$20,000, so it is for those who are ready to commit a meaningful sum. Everything happens online, from sign-up to tracking your maturity date, and they have won fintech awards that back up the smooth experience. The coverage includes death and terminal illness, and there are no messy stacks of paper to file.
If you value a clean digital interface and want a fixed-growth parking spot for a larger amount, this is worth a look. Call +65 6827 9980 for general inquiries or visit 4 Shenton Way, #01-01 SGX Centre 2, Singapore 068807. Monday to Friday, 8:45 am to 5:30 pm, excluding public holidays. Singlife
How to choose
Endowment plans are not one-size-fits-all. The main split is between short, medium, and longer terms. A three-year plan from Etiqa or HSBC Life suits someone who wants to see the money again quickly, while AIA’s portfolios allow you to stretch across decades. Guaranteed yield is only part of the picture—check the minimum premium and whether the plan accepts SRS funds if you are drawing down retirement savings. Most plans here can be bought without a medical examination, which keeps the process fuss-free.
Fair pricing is less about a fixed number and more about what you put in. Entry premiums can start at S$5,000 (Manulife, Etiqa) or S$20,000 (Singlife). Think about how much idle cash you can set aside and how soon you might need it again. If you have an existing relationship with a bank, HSBC Life’s integration with wealth-banking services can be a neat tie-in. Always confirm the penalty for early surrender—endowment plans work best when you let them mature.
| Plan Provider | Key Plan | Guaranteed Yield | Minimum Premium | Policy Term |
|---|---|---|---|---|
| AIA Singapore | AIA Guaranteed Protect Plus (II) / AIA #Wealth Savvy | Up to 3.90% p.a. | Check with the business | Flexible, short to long |
| Manulife Singapore | Manulife Goal 12 / Manulife Goal 2025 | Up to 5.07% p.a. | S$5,000 | Short to medium |
| Great Eastern Singapore | GREAT SP series | Around 1.2% to 1.60% p.a. | Check with the business | From 2 years |
| NTUC Income | Gro Capital Ease | Up to 3.55% p.a. | Check with the business | Check with the business |
| Etiqa Insurance Singapore | Etiqa Growth Assure II / Tiq 3-Year Endowment | Up to 7.38% p.a. | S$5,000 | 3 years |
| HSBC Life Singapore | HSBC Life Online Endowment | 3.90% p.a. | Check with the business | 3 years |
| Singlife | Singlife Digital Saver | Up to 2.60% p.a. | S$20,000 | 3 years |
Summary
Endowment plans remain a steady way to commit a sum of money and receive guaranteed growth plus insurance protection. The seven providers listed each bring something different—short terms, high yields, SRS eligibility, or digital ease—so you can match one to a real financial goal rather than a vague hope. A few clicks or a phone call can clarify the small print, but the core promise is the same: your capital locked in, returns laid out, and a payout at the end.
We compile these ourselves and take suggestions. If your business belongs on this list, tell us why.
Disclaimer: All details are correct at the time of writing. Products, yields, and premiums can change. Please confirm with the individual provider before committing.
Frequently asked questions
With a higher entry point, this suits those who have a lump sum ready and want the comfort of a fully digital journey. The fintech polish means you track everything on your phone, and the capital protection gives assurance when the market looks shaky.
What is an endowment plan?
An endowment plan is a financial product that combines a savings element with life insurance coverage. You pay premiums for a fixed period and receive a lump sum upon maturity, which includes guaranteed returns and potential bonuses, along with protection against death or terminal illness.
Are the returns from endowment plans truly guaranteed?
Yes, the guaranteed portion of the return is contractually assured regardless of market conditions. Non-guaranteed bonuses may vary based on the insurer’s performance, so the total payout could be higher than the guaranteed sum.
Can I use my CPF or SRS to pay for an endowment plan?
Some providers, such as NTUC Income with Gro Capital Ease, allow payment via Supplementary Retirement Scheme (SRS) funds. CPF usage depends on the plan’s classification; you should check with the insurer directly.
Do I need a medical examination to buy an endowment plan?
Most plans on this list do not require a medical exam. Great Eastern’s GREAT SP series, Etiqa’s plans, and HSBC Life’s Online Endowment are explicitly designed for easy application without health underwriting, though each insurer may have simple eligibility questions.
What is the typical policy term for endowment plans?
Terms vary widely. Etiqa, HSBC Life, and Singlife offer 3-year plans, while AIA and Manulife have flexible short-to-long options. Great Eastern starts at 2 years. Choose a term that aligns with when you will need the money.
Are endowment plans the same as fixed deposits?
No. A fixed deposit offers a bank-guaranteed interest rate for a short tenure and is not an insurance product. An endowment plan provides life coverage alongside savings, has longer typical tenures, and may include non-guaranteed bonuses that can lift the overall return beyond the guaranteed yield.
