Is the tiq eEasy Save V endowment plan recommended for $20k amount?

Etiqa eEASY save V is a non-participating life insurance savings plan. For a lock-in period of 6 years, it provides a guaranteed 2.68% p.a return and 0.6% loyalty bonus at the end of the 6 years, provided that no withdrawal was made.

This is a great option if you are saving for a big-ticket item in a short period. With low-interest rates for bank deposit accounts and high volatility in the financial market, Etiqa eEASY save V is definitely a safe and attractive option you can consider.

Alternatively, you can check out this article that lists the 10 Best Long & Short Term Endowment Plans in Singapore (2020).

Yes you can if you are not using it for 6 years.