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Savvy
Endowment 12
Earn up to 3.92% p.a.1 with a 3-year endowment plan. Limited tranche available.
Savvy
Endowment 12
At a Glance
Returns of up to 3.92% per annum1
- Lock in guaranteed maturity yield of 3.65% per annum1 for 3 years amidst market volatility
- Non-guaranteed maturity yield of up to 0.27% per annum1
Start from a low single premium commitment amount of just S$5,000
100% Capital Guaranteed2 after 3 years
Receive coverage in the event of death during the 3-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 4.1% p.a. on your DBS Multiplier Account with SavvyEndowment 12 to guard against inflation
How it Works
Any early termination of the policy before 3 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 June 2023
Sarah signs up for SavvyEndowment 12 and paid a single premium of S$10,000
Sarah’s policy term is from 1 June 2023 to 31 May 2026. During this period, Sarah also receives coverage for death
Scenario 1: Based on the higher illustrated investment rate of return of 4.25% p.a.1
Take advantage of compounding interest! Sarah can gain up to S$1,223 at the end of 3 years.
| Guaranteed yield | Non-guaranteed yield | Accumulated returns at the end of each year | |
|---|---|---|---|
| End of Year 1 | S$10,000 x 3.65% p.a.1 = S$365 | S$10,000 x 0.27% p.a.1 = S$27 | S$10,000 + S$365 + S$27 = S$10,392 |
| End of Year 2 | S$10,392 x 3.65% p.a.1 = S$379 | S$10,392 x 0.27% p.a.1 = S$28 | S$10,392 + S$379 + S$28 = S$10,799 |
| End of Year 3 | S$10,799 x 3.65% p.a.1 = S$394 | S$10,799 x 0.27% p.a.1 = S$30 | S$10,799 + S$394 + S$30 = S$11,223 |
Scenario 2: Based on the lower illustrated investment rate of return of 3.00% p.a.1
With guaranteed returns of 3.65% p.a.1, Sarah can still gain S$1,136 at the end of 3 years.
| Guaranteed yield | Non-guaranteed yield | Accumulated returns at the end of each year | |
|---|---|---|---|
| End of Year 1 | S$10,000 x 3.65% p.a.1 = S$365 | S$0 | S$10,000 + S$365 = S$10,365 |
| End of Year 2 | S$10,365 x 3.65% p.a.1 = S$378 | S$0 | S$10,365 + S$378 = S$10,743 |
| End of Year 3 | S$10,743 x 3.65% p.a.1 = S$393 | S$0 | S$10,743 + S$393 = S$11,136 |
Eligibility Criteria
To apply for SavvyEndowment 12, you must be:
- A Singapore Citizen or Singapore Permanent Resident (PR) who is currently residing and paying tax in Singapore only,
- 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
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.
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 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 The illustrated maturity yield of 3.92% p.a. includes a non-guaranteed maturity bonus of 0.27% p.a. based on the higher illustrated investment rate of return (IIRR) of 4.25% p.a..
Based on the lower IIRR of 3.00% p.a., the illustrated maturity yield is 3.65% p.a.. The non-guaranteed maturity bonus will be zero.
As the maturity bonus rate and both IIRR 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.
In Collaboration with Manulife
SavvyEndowment 12 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. This advertisement has not been reviewed by the Monetary Authority of Singapore.
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 15 May 2023.
DBS Treasures Insurance Important Notes
Important Information
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