I am considering Elastiq Endowment Plan right now. What are the pros and cons of the plan and is it worth it? - Seedly
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Yun Yi

Asked 3w ago

I am considering Elastiq Endowment Plan right now. What are the pros and cons of the plan and is it worth it?

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ELASTIQ is definitely one of the best short term enowment plan right now in the market.

It offers a guaranteed 1.8% p.a. return for the first 3 years.

Unlike other endowment plans which have a lock-in period of 3-25 years, ELASTIQ provides you with the option to withdraw after 90-days lock in period with no penalty. Shoudl you not make any withdrawal, you will also be given a 0.3% non-guaranteed bonus.

We have did an analysis of the plan here. Do feel free to check it out.​​​

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Chuan lee
Level 5. Genius
Answered 3w ago

Pro:

1.8% on your initial amount for 3 years

Various promo (singlife or tiqconnect apps)

'no lock-in'

No withdrawal charge

Guaranteed returns

106.8% death benefits

Con:

Up to 50k

Lock in for first 90 days

Higher interest at dash easyearn (20k)/singlife(10k)

Any top-up, interest not guaranteed

Withdrawal not as instant? (haven't withdraw before)

Do let me know if you need referral from singlife or tiqconnect apps.

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