facebookIntending to get a short term endowment fund! - Seedly

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Anonymous

10 Nov 2021

āˆ™

Insurance

Intending to get a short term endowment fund!

I'm currently considering the Tiq3 endowment fund. What are everyone's thoughts!

Discussion (1)

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Elijah Lee

10 Nov 2021

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi anon,

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As of this point of writing, this is the best short term endowment plan available on the market, so I'd say, if you know for certain that you don't need the funds for the next 3 years, go for it.

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Since there is no limit to the number of plans you can buy, you can split it up into a few 'batches', but take note that the product itself has a maximum overall tranche limit.

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Lastly, please don't surrender it. The surrender value will be lesser than your premium paid. If you are not certain that you cannot hold on to it for 3 years, I would not advise buying it. I cannot stress this enough.

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