Enrich Income
Etiqa
Category
Savings
Coverage
Death, Terminal Illness
Coverage Term
Whole Life
Overview
Enrich Income is a whole life insurance plan designed to provide a regular stream of monthly income up to age 125. This is a guaranteed issuance plan and provides coverage for death and terminal illness. Payout can be paid monthly or accrued with Etiqa at a non-guaranteed annual interest rate.
Key Features
- Receive monthly income starting from as early as the 37th policy month until the policy matures.
- No health checks required, basic plan is guaranteed issuance.
Endowments, also known as savings plans, require the policyholder to pay a fixed amount for a specified time period (e.g. one-off payment or regularly for 5 to 25 years) and are seen as a disciplined way to save. Endowment plans are offered on a participating basis and will accumulate cash values. You may either receive these cash values at designated policy years or at maturity of policy. Endowments also allow you to surrender your policy and cash out should you urgently require cash.
