Singlife Steadypay Saver
Singlife
Category
Savings
Coverage
Death, Terminal Illness
Coverage Term
discrete term 12,15,18,25
Overview
Singlife Steadypay Saver is a savings plan that provides yearly guaranteed cash payouts equivalent to 5% of your sum assured from the end of the 2nd policy year.
Key Features
- Yearly guaranteed cash payouts from the end of your 2nd policy year.
- Receive a maturity benefit at the end of the policy term.
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.
