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At a Glance
Features & Benefits
- 100% capital guaranteed2 after 1 year
- Receive guaranteed maturity yield of 3.12% p.a.1
- Plus, get non-guaranteed maturity yield of up to 0.20% p.a.1
Any early termination of the policy before 1 year 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.
- 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 15 to guard against inflation
Please refer to the Sample Policy Contract for the precise terms, conditions and exclusions.
How it Works
Potential total yield
S$20,000 x 103.12% p.a.1 = S$20,624
S$20,000 x 0.20% p.a.1 = S$40
Potential total yield
S$20,624 + S$40 = S$20,664
|Who is eligible?
|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
You need to have a DBS/POSB Savings or Current account to get our SavvyEndowment 15 plan. Apply here if you don’t have one yet. Remember to apply for digibank access.
Getting a SavvyEndowment 15 plan is simple and fully digital. Sign up now!
Alternatively, you may also leave your contact details here and we will get in touch soon.
How to Claim
Please visit Manulife’s claim portal to view the list of documents required for submission and submit your claim online.
Frequently Asked Questions
Please refer to the full list of Frequently Asked Questions here.
No, the life insured covered must also be the policy owner.
Foreigners who are Singapore Permanent Residents (PR) currently residing and paying tax in Singapore only 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 15 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 15 policy.
1 The illustrated maturity yield of 3.32% p.a. includes a non-guaranteed maturity bonus of 0.20% p.a. based on the higher illustrated investment rate of return (IIRR) of 4.14% p.a.. The non-guaranteed maturity bonus will be 0.20% of the single premium.
Based on the lower IIRR of 3.00% p.a., the illustrated maturity yield is 3.12% 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.
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 15 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$75,000 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$75,000 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 1 March 2024.