Just realised when you register the Elastiq Endowment Plan 3Yrs the amount that you want to store is required to specify. So was wondering can I add on the amount to this endowment plan?

For Elastiq, you can make top-up(s) through an ad-hoc or recurring basis through your account on TiqConnect.

The top-up(s) are subject to the following:

1) Minimum top-up of $500

2) Top-up(s) must be in multiples of $500

3) The total value of the policy (single premium + all top-ups) must not exceed $200,000

Note that the interest rates for top-up are subject to the prevailing interest rate at the point of top-up.

Do get in touch with us if you require more information.

Hi Anon,

The amount that you want to store is your initial premium. The minimum initial premium that you can put into Elastiq is $5k.

However, Elastiq is unique as it does offer flexible withdrawals and top-ups.

You are able to do a one time top-up or even a recurring top up!

However, you can only top-up a minimum of $500, and subsequent multiples of $500.

What's more, the interest rate earned on these top-ups is not guaranteed. You are only guaranteed the 1.8% for your initial premium. This is only for the first 3 years as well.

As such, your top-up will earn the prevailing crediting rate at that point of time. Etiqa reserves the right to change the crediting rate at any time, but will give you one month's notice.

If you are interested to find out more about Elastiq, I have written a review on my blog.

Etiqa has a referral program where I will get $50, but I'm happy to split the referral bonus with you! (More info can be found at the end of my article.)