SavvyEndowment 19

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

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.

When will the maturity benefit be paid out?

The maturity benefit will be paid out to you at the end of your policy term.

  1. PayNow registered with Singapore NRIC/ FIN. Payment will be processed within 1 working day from the maturity date. PayNow is only applicable for payouts up to S$200,000 to the policy owner's Singapore bank account.
  2. Electronic Fund Transfer (EFT). Payment will be processed within 3 working days from the maturity date.
  3. Supplementary Retirement Scheme (SRS) account. Payment will be processed within 7 working days from the maturity date.

* Please take note that if the maturity date falls on a weekend or Public Holiday, it will be processed the next working day

How will I receive the maturity benefit?

For Cash policies, we will pay the maturity benefit to the DBS/POSB bank account that you pay your premiums from. This is the default maturity payout option. If this account is not active at your policy maturity date, we will pay out the maturity benefit to you via cheque.

For SRS policies, the maturity benefit will be credited into your SRS account.

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