SavvyEndowment 19

SavvyEndowment 19

At a Glance

Potential returns of up to 2.82% p.a.¹

Hassle-free online application with SRS or cash

Receive death coverage during the policy term

Get this plan

Features & Benefits

Worried about falling interest rates? Lock in potential returns of up to 2.73% p.a.¹ for 3 years or 2.82% p.a.¹ for 4 years

At policy maturity, receive:

100% of your capital²
Guaranteed returns of 2.58% p.a.¹ for 3-year plan and 2.67% p.a.¹ for 4-year plan
Non-guaranteed returns of up to 0.15% p.a.¹

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

Apply easily online with SRS or cash, no health check-up required

Start from a low single premium commitment amount of just S$5,000
No health check-up required
Enjoy up to 4.1% p.a. on your DBS Multiplier Account with SavvyEndowment 19 to guard against inflation

Receive 101% of the single premium that you paid in the event of death during the policy term

Please refer to the 3-year plan and 4-year plan Sample Policy Contracts for their precise terms, conditions and exclusions

How it Works

4-year plan

10 Dec 2024

Sarah signs up for SavvyEndowment 19 (4-year plan) and paid a single premium of S$20,000.
Sarah’s policy term is from 10 Dec 2024 to 9 Dec 2028. During this period, Sarah also receives coverage for death.

Scenario 1: Sarah receives the potential total returns of 2.82% p.a.¹ based on the higher illustrated investment rate of return of 3.08% p.a.¹

She receives S$2,358 at the end of year 4 on top of her capital of S$20,000.

Potential yield at the end of 4 years

100% capital guaranteed²

S$20,000

Gains based on potential total maturity yield of 2.82% p.a.¹

(S$20,000 x 102.82% p.a.¹ x 102.82% p.a.¹ x 102.82% p.a.¹ x 102.82% p.a.¹) – S$20,000 = S$2,358

(comprises S$2,230 guaranteed returns and S$128 non-guaranteed returns)

Scenario 2: Sarah receives only the guaranteed returns of 2.67% p.a.¹ based on the lower illustrated investment rate of return of 2.85% p.a.¹

She receives S$2,230 at the end of year 4 on top of her capital of S$20,000

	Guaranteed yield at the end of 4 years
100% capital guaranteed²	S$20,000
Gains based on guaranteed maturity yield of 2.67% p.a.¹	S$20,000 x 102.67% p.a.¹ x 102.67% p.a.¹ x 102.67% p.a.¹ x 102.67% p.a.¹) – S$20,000 = S$2,230

3-year plan

10 Dec 2024

Sarah signs up for SavvyEndowment 19 (3-year plan) and paid a single premium of S$20,000.
Sarah’s policy term is from 10 Dec 2024 to 9 Dec 2027. During this period, Sarah also receives coverage for death.

Scenario 1: Sarah receives the potential total returns of 2.73% p.a.¹ based on the higher illustrated investment rate of return of 3.07% p.a.¹

She receives S$1,686 at the end of year 3 on top of her capital of S$20,000.

Potential yield at the end of 3 years

100% capital guaranteed²

S$20,000

Gains based on potential total maturity yield of 2.73% p.a.¹

(S$20,000 x 102.73% p.a.¹ x 102.73% p.a.¹ x 102.73% p.a.¹)– S$20,000 = S$1,686

(comprises S$1,590 guaranteed returns and S$96 non-guaranteed returns)

Scenario 2: Sarah receives only the guaranteed returns of 2.58% p.a¹ based on the lower illustrated investment rate of return of 2.83% p.a.¹

She receives S$1,590 at the end of year 3 on top of her capital of S$20,000

	Guaranteed yield at the end of 3 years
100% capital guaranteed²	S$20,000
Gains based on guaranteed maturity yield of 2.58% p.a.¹	(S$20,000 x 102.58% p.a.¹ x 102.58% p.a.¹ x 102.58% p.a.¹) – S$20,000 = S$1,590

Who is eligible?


Age	Between 18 and 60 (based on your last birthday)
Place of residence	Singapore citizen or Singapore Permanent Resident who is residing and paying tax in Singapore

Apply NowYou need to have a DBS/POSB Savings or Current account to get our SavvyEndowment 19 plan. Apply here if you don’t have one yet. Remember to apply for digibank access.Getting a SavvyEndowment 19 plan is simple and fully digital. Sign up now!Get this planAlternatively, you may also leave your contact details here and we will get in touch soon.Contact me

How to ClaimPlease visit Manulife’s claim portal to view the list of documents required for submission and submit your claim online.

Frequently Asked QuestionsPlease refer to the full list of Frequently Asked Questions here.

Can I apply for a policy on behalf of a family member or friend?

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

Can foreigners apply?

Foreigners who are Singapore Permanent Residents (PR) currently residing and paying tax in Singapore only may apply.

Can I purchase more than one policy?

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

Can I purchase a policy using a combination of cash and SRS?

No, SavvyEndowment 19 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 19 policy.

Footnotes:¹ For 3-year plan:
The illustrated maturity yield of 2.73% p.a. includes a non-guaranteed maturity bonus of 0.15% p.a. based on the higher illustrated investment rate of return (IIRR) of 3.07% p.a.. The non-guaranteed maturity bonus will be 0.48% of the single premium.Based on the lower IIRR of 2.83% p.a., the illustrated maturity yield is 2.58% p.a.. The non-guaranteed maturity bonus will be zero.For 4-year plan:
The illustrated maturity yield of 2.82% p.a. includes a non-guaranteed maturity bonus of 0.15% p.a. based on the higher IIRR of 3.08% p.a.. The non-guaranteed maturity bonus will be 0.64% of the single premium.

Based on the lower IIRR of 2.85% p.a., the illustrated maturity yield is 2.67% p.a.. The non-guaranteed maturity bonus will be zero.As the maturity bonus rate and both IIRRs are not guaranteed, the actual benefits payable will vary according to the future performance of the Participating Fund of the policy. Figures are subject to rounding.² Not applicable to policies that have been altered.Disclaimers

The information herein is published by DBS Bank Ltd (“DBS Bank”) and is for general information only and should not be relied upon as financial advice. This publication may not be reproduced, or communicated to any other person without prior written permission. This website does not take into account the specific investment objectives, financial situation or needs of any particular person. Before entering into any transaction involving any product mentioned in this website, where applicable, you should seek advice from a financial adviser regarding its suitability for your own objectives and circumstances. If you choose not to do so, you should make an independent assessment and do your own due diligence on the product. This advertisement has not been reviewed by the Monetary Authority of Singapore. The website herein is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation.In Collaboration with Manulife

SavvyEndowment 19 is issued and underwritten by Manulife (Singapore) Pte. Ltd. ("Manulife") (Reg. No. 198002116D) and distributed by DBS. It is not an obligation of, deposit in or guaranteed by DBS.

Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender values payable may be less than the total premiums paid.

This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (“SDIC”). Coverage for the policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact Manulife or visit the Life Insurance Association or SDIC websites (www.lia.org.sg or www.sdic.org.sg).

Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$100,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.Information is correct as at 9 Dec 2024.DBS Treasures Insurance Important NotesImportant InformationTerms and Conditions Governing SRSDeposits Insurance Scheme