I have been reviewing plenty of flexible insurance savings plans over the past couple of years. These included GIGANTIQ, EasyEarn, Singlife, Dash PET and each tried to outdo the other when they were launched. Consumers such as myself rejoiced as competition led to higher interest rates and better product features. However, while insurance savings plans are great for their initial high crediting rates and flexibility in making deposits and withdrawals, they have their shortcomings as well. For instance, as their crediting rates are usually not guaranteed, they have been gradually reduced over time. Besides, only a limited quantum of your funds are eligible to enjoy the eye-catching attractive crediting rates. This is why endowment plans with their guaranteed returns still hold immense relevance and popularity today. Here is my review of Tiq’s 3-Year 1.62% Endowment Plan by Etiqa. There is also a limited-time promotion by PolicyPalFA which provides cash rebates ranging from $10 to $80 as well as PolicyPal credits!
Guaranteed 1.62% Maturity Returns
Tiq 3-Year Endowment Plan is a single premium, non-participating life insurance savings plan. What caught my attention is that the premium, capped at a maximum of $200,000, is eligible to earn a guaranteed interest rate of 1.62% p.a. at maturity. Coupled with the short maturity period of 3 years, this makes it one of the best endowment plans available in the market right now.
Diagram 1 compares Tiq 3-year endowment plans against other policies operating in the same category that I had previously reviewed in the past.
Disclaimer*: Not all features, exclusions and benefits have been considered thoroughly. If you want to know which is the best endowment plan, do contact a financial advisor
Besides the starting premium, you would notice that there is little separating these products besides the interest rate. At 1.62% p.a. of guaranteed returns, Tiq 3-Year Endowment Plan stands out as the highest. As shown in Diagram 2, a S$50,000 single premium will grow to a guaranteed sum of S$52,465 at the end of the 3-year policy term.
While the premium starts from a minimum of S$10,000 and increases at increments of $5,000, it is capped at S$200,000. However, there is no limit to the number of Tiq 3-Year Endowment Plans that one can purchase. What this means is that there is basically no cap on the amount of funds that you can allocate to invest in the Tiq 3-Year Endowment Plan. Moreover, acceptance is guaranteed regardless of health condition as no medical underwriting is required.
However, do take note that this is a limited tranche, and is available on a first-come-first served basis. Here are the article links to the other products that I have reviewed in the past in case you are interested to find out more details.
Limited Time Promotion by PolicyPal to Increase Your Returns To 1.66% p.a.
It gets even better because the guaranteed return of 1.62% p.a. excludes the sign-up gifts thrown in by PolicyPal. As shown in Diagram 3, PolicyPal is throwing in cash rebates as well as PolicyPal Credits (non-encashable) if you sign up using Heartland Boy’s referral link and punching in the promo code “HEARTLANDBOY” during the application process.
I will show you how your returns can be juiced up to as high as 1.66% p.a. by signing up for Tiq 3-Year Endowment Plan during this limited time promotion period. For simplicity, let’s consider the PolicyPal Credits as an additional bonus since it is difficult to quantify a dollar value to it. These can be used to pay other insurance policies (eg: travel, pet insurance) distributed by PolicyPalFA by Baoxianbaobao Pte Ltd.
Because of how the cash rebates are rewarded, depositing $55,000 as the initial single premium easily represents the best value for money. Provided conditions are met, this enables the Policy Owner to be eligible for the guaranteed interest rate, as well as all the sign-up gifts from PolicyPal. Under such circumstances, the total interest rate for a $55,000 initial premium is a total of 5.1% over 3 years or 1.66%* p.a. on a compounded basis. Refer to Diagram 3 for the breakdown.

Diagram 4: 1.66% interest rate* p.a. for Tiq 3-Year Endowment Plan based on a initial premium of $55,000
Of course, $55,000 may be a huge sum to cough up. So even the minimum sum of $10,000 with $10 cash rebate is worth considering.
At this juncture, I must also caution that as the lock-in period is 3 years, the surrender value ranges from only 60-80% of the single premium should you decide to surrender the policy before maturity.
Other Insurance Benefits
In the event of death, the Tiq 3-Year Endowment Plan pays out 101% of the account value. However, do note that usual exclusions such as death from suicide within first 12 months, death due to pre-existing conditions etc will apply. Note that Tiq 3-Year Endowment Plan by Etiqa is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC).
How To Sign Up For Tiq 3-Year Endowment Plan
If you meet the following criteria, you are eligible to buy the Tiq 3-Year Endowment Plan:
- Singapore Resident with a valid NRIC or FIN; or
- Foreigner holding a valid Work Permit, Employment Pass or Social Pass.
- And you are aged between 17 to 70 (age next birthday)
To maximise your benefits from Tiq 3-Year Endowment Plan, simply sign up via PolicyPalFA by Baoxianbaobao Pte Ltd using the promo code of “HEARTLANDBOY” to receive the tiered cash rebates, as well as the non-encashable PolicyPal Credits.
Upon successfully purchasing the Tiq 3-Year Endowment Plan online, you will receive your policy documents and be able to manage it conveniently on the tiqconnect platform. Thereafter, PolicyPal would also contact you with regards to your cash rebate after the free-look period (14 days) is over. Fulfilment of your cash rebate, varying from $10 to $80, will be done via PayNow.
If you find Tiq 3-Year Endowment Plan suitable to your financial circumstances, do find out more here and don’t forget to key in HEARTLANDBOY promo code during the application process.
* 1.66% is Heartland Boy’s own interpretation as it includes all sign-up gifts and the guaranteed returns at maturity provided that the eligible conditions are met
**Note that this article contains referral links that goes to maintain the sustainability of this blog.
Article is published on 31 Oct 2021
The policy has been re-launched in June 2022 with interest rate at 2.3% p.a.
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