At a Glance

Returns of up to 3.60% per annum1 (7.33%2 over 2 years upon maturity)

  • High guaranteed maturity yield of 3.40% per annum1
    (6.92%2 over 2 years upon maturity)
  • Non-guaranteed maturity yield of up to 0.20% per annum1 (up to 0.41%2 over 2 years upon maturity)

 

Start from a low single premium commitment amount of just S$5,000

100% Capital Guaranteed3 after 2 years

 

Receive coverage in the event of death during the 2-year policy term

Receive 101% of the single premium that you paid

 

Hassle-free online application with cash or your Supplementary Retirement Scheme (SRS) account

  • No health check-up required
  • Enjoy up to 4.10% p.a. on your DBS Multiplier Account with SavvyEndowment 10 to guard against inflation

Apply now

 

How it Works

Any early termination of the policy before 2 years can incur costs and the surrender values payable (if any) may be less than the total premiums paid. Find out more at DBS Treasures Insurance Important Notes.

1 December 2022

Sarah signs up for SavvyEndowment 10 and paid a single premium of S$10,000
Sarah’s policy term is from 1 December 2022 to 30 November 2024. During this period, Sarah also receives coverage for death

End of Year 1 (30 November 2023)

Sarah would have accumulated the following returns in Year 1, which roll over to Year 2.

 

 

Guaranteed yield at maturity

Non-guaranteed yield at maturity

Accumulated returns at the end of Year 1

Scenario 1:
Assume the higher illustrated rate of return of 4.25%

S$10,000 x 3.40% p.a.1 = S$340

S$10,000 x 0.20% p.a.1 = S$20

S$10,000 + S$340 + S$20 = S$10,360

Scenario 2:
Assume the lower illustrated rate of return of 3.00%

S$10,000 x 3.40% p.a.1 = S$340

S$0

S$10,000 + S$340 + S$0 = S$10,340

End of Year 2 (30 November 2024)

Sarah will receive 100% of her capital (S$10,000) and the maturity benefit at the end of Year 2.

 

 

Guaranteed yield at maturity

Non-guaranteed yield at maturity

Returns upon maturity

Scenario 1:
Assume the higher illustrated rate of return of 4.25%

S$10,360 x 3.40% p.a.1 = S$352

S$10,360 x 0.20% p.a.1 = S$21

S$10,360 + S$352 + S$21 = S$10,733

Scenario 2:
Assume the lower illustrated rate of return of 3.00%

S$10,340 x 3.40% p.a.1 = S$352

S$0

S$10,340 + S$352 + S$0 = S$10,692

 

Eligibility Criteria

To apply for SavvyEndowment 10, you must fulfil the following criteria:

  • A Singapore Citizen, Singapore Permanent Resident, or Singapore tax resident and currently residing in Singapore,
  • Aged between 18 to 60 years old (age as of last birthday),
  • A digibank user, and
  • You are applying for this policy for yourself.
 

How to Apply for SavvyEndowment 10

No wait, no hassle. Your details are pre-filled when you apply on digibank

Alternatively, you may also leave your contact details here and we will get in touch soon.

 

Frequently Asked Questions

Refer to the Frequently Asked Questions for more details.

 

No, the life insured covered must also be the policy owner.


Foreigners who are Singapore permanent residents, Singapore tax residents and currently residing in Singapore may apply.


Yes. You can purchase more than one policy. You should consider your financial commitments when deciding on the amount of premium for this plan.


No, SavvyEndowment is available via direct debit from your DBS/POSB bank account or from your DBS Supplementary Retirement Scheme (SRS) account.  However, you can purchase more than 1 SavvyEndowment policy.

1 Based on the higher illustrated investment rate of return of 4.25% p.a., the total illustrated yield at maturity is 3.60% p.a., which consists of a guaranteed maturity yield of 3.40% p.a. and a potential non-guaranteed maturity yield of 0.20% p.a..

Based on the lower illustrated investment rate of return of 3.00% p.a., the total illustrated yield at maturity is 3.40% p.a., which consists of a guaranteed maturity yield of 3.40% p.a.. The potential non-guaranteed maturity yield will be zero.

The bonus rate and the illustrated investment rate of return are not guaranteed and will depend on the future performance of the Participating Fund of the policy. Figures are subjected to rounding.

2 Based on the higher illustrated investment rate of return of 4.25% p.a., the illustrated total return is 7.33% over 2 years, which consists of a guaranteed maturity value of 6.92% of single premium and a potential non-guaranteed maturity bonus of 0.41% of the single premium.

Based on the lower illustrated investment rate of return of 3.00% p.a., the illustrated total return is 6.92% over 2 years, which consists of a guaranteed maturity value of 6.92% of single premium. The potential non-guaranteed maturity bonus will be zero.

The bonus rate and the illustrated investment rate of return are not guaranteed and will depend on the future performance of the Participating Fund of the policy. Figures are subjected to rounding.

3 Not applicable to policies that have been altered.


In Collaboration with Manulife

SavvyEndowment 10 is issued and underwritten by Manulife (Singapore) Pte. Ltd. ("Manulife") (Ref. No. 198002116D) and distributed by DBS Bank Ltd ("DBS").

This advertisement has not been reviewed by the Monetary Authority of Singapore. Protected up to specified limits by SDIC.

Information is correct as at 8 November 2022.

Important Information

DBS Treasures Insurance Important Notes

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