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Randel Let

17 Jul 2024

∙

General Investing

Singtel Growth Assure plan 6.88% guaranteed maturity returns?

https://www.singtel.com/personal/products-servi...

Has anyone tried this? From what I read, $10K can start already so 6.88% = $680 after 1 year. Only catch is to buy an Etiqa plan but I can't find any info on which Etiqa plan they require us to buy.

And it says "enjoy up to S$2,288 cash when you sign up!" lol

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Edwin Tan

Edited 19 Oct 2024

Not worth getting it in my opinion if you dont have etiqa insurance

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Albert Tan

Edited 17 Jul 2024

Financial Literacy & Partnerships at MoneyOwl

https://www.etiqa.com.sg/singtel-growth-assure-...

To qualify for the 6.88% p.a. guaranteed maturity return for one year and any applicable cashback from Singtel Growth Assure (a single premium endowment plan), you’re required to purchase a combined minimum annual premium of SGD 10,000 in one or more eligible regular premium insurance plan(s). The amount you can purchase for Singtel Growth Assure is equivalent to the total annual premium you pay for the eligible regular premium insurance plan(s), rounded down to the nearest thousand. In the event that the Eligible Insurance Plans are subjected to the free-look period, cancelled or if the premium or insurance coverage is reduced prior to the maturity of Singtel Growth Assure, the guaranteed maturity return will revert to the lower yield of 3.04% p.a.

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