Etiqa’s ELASTIQ and SAVE3?

[demoforce1]

anyone get Tiq 3-Year Endowment Plan, it offer higher interest compare to ELASTIQ

 

[punk06]

For those who want to sign up directly with Etiqa, you can PM for referral code.
I offered half of the rewards to you.

can somebody pls PM, want to directly sign-up with Etiqa. Also, grateful if the person can share the 50% of the $50 referral. Thanks

 

[JialatThisOne]

can somebody pls PM, want to directly sign-up with Etiqa. Thanks

sent you a PM, feel free to let me know if any questions cheers

 

[iloveapples]

Anyone knows how the ad-hoc top-up works ? is it just 1 time thing or can we do multiple times ? And the interest rate is the same as the initial premium or not ? It doesn't indicate anywhere when you try to top-up. Plus it doesn't seem to be fixed like the rate for the initial premium

You can top-up multiple times on an ad-hoc basis with a minimum of S$500 and in increments of S$500 per top-up.
The interest rate for top-up amount should be the same as initial premium - guaranteed 1.80% p.a. I topped up late last month and I am still waiting for the next interest credit to confirm.

 

[chrisloh65]

It seems that the top-up amount do not have the 3-years interest rate guarantee like the initial premium amount, so be careful here.
If I am wrong, let me know.

You can top-up multiple times on an ad-hoc basis with a minimum of S$500 and in increments of S$500 per top-up.
The interest rate for top-up amount should be the same as initial premium - guaranteed 1.80% p.a. I topped up late last month and I am still waiting for the next interest credit to confirm.

 

[taotato]

You can top-up multiple times on an ad-hoc basis with a minimum of S$500 and in increments of S$500 per top-up.
The interest rate for top-up amount should be the same as initial premium - guaranteed 1.80% p.a. I topped up late last month and I am still waiting for the next interest credit to confirm.

Etiqa confirmed that the topup amount doesn’t have guaranteed 1.8%. Only the current rate, which’s is the same 1.8% currently.

 

[demoforce1]

Etiqa confirmed that the topup amount doesn’t have guaranteed 1.8%. Only the current rate, which’s is the same 1.8% currently.

is that mean if topup now still get 1.8%, but maybe not in the future?

 

[taotato]

is that mean if topup now still get 1.8%, but maybe not in the future?

Yes. Then can change when they want. Of course you are notified first.

 

[pokkajas]

how does the etiqa plans fair against the others listed here?

https://blog.policypal.com/insurance/what-should-you-do-when-banks-slash-their-interest-rates/

the cash reward and tiq credits seems quite good but looks like a lot of people here have mixed feelings about it...

 

[oceanicmanta]

how does the etiqa plans fair against the others listed here?

https://blog.policypal.com/insurance/what-should-you-do-when-banks-slash-their-interest-rates/

the cash reward and tiq credits seems quite good but looks like a lot of people here have mixed feelings about it...

cannot compare Elastiq (with 3 years guaranteed rate and capital guarantee) with the other non-guaranteed endowment plans listed in the article

longer term endowment plans may show higher non-guaranteed projected return but are also higher risk, not capital guaranteed etc

 

[chrisloh65]

If you want guaranteed 1.8% p.a. for 3 years, make sure your first initial premium is at max $50k.
The rest of the top-up has no guarantee of 1.8% for 3 years and will float according to market rate.

is that mean if topup now still get 1.8%, but maybe not in the future?

 

[sosleepy]

can somebody pls PM me, want to sign-up for this. Thanks

 

[JialatThisOne]

can somebody pls PM me, want to sign-up for this. Thanks

sent you a pm cheers!

 

[JialatThisOne]

For Elastiq product (1.8% Guarantee return for 3 years with no penalty for withdrawal after 90 days) max benefits, here are some steps to max your rebates.

1) Sign up for PolicyPal using code SIGNUP:

http://refer.policypal.com/c/SIGNUP

(to get $30 Pm me)

2) Buy Elastiq (1.8% guaranteed fixed interest rate) from Policypal

For $5k-$9k deposit, you get $10 from Policypal (encashable) = $10 CASH

For $10k-$25k deposit, you get $20 from Policypal + $50 from Etiqa (both encashable) = $70 CASH

For $26k-$50k deposit, you get $30 from Policypal + $100 from Etiqa (both encashable) = $130 CASH

3) For max gains (more rebates) Pm me

 

[Shine.gdj]

For the top-ups, would we also need to wait 90 days before withdrawing?

Thanks!

 

[hazy75]

For the top-ups, would we also need to wait 90 days before withdrawing?

Thanks!

Yes,you need to wait till 90 days .

 

[oceanicmanta]

Yes,you need to wait till 90 days .

hmm .. actually I dont see this requirement in the policy documents ? Can you point it out pls ? or is this from checking with them ?

it only mentioned : "You may request for partial withdrawal(s) 90 calendar days after the Policy issue date, .... "

 

[Utonian]

For the top-ups, would we also need to wait 90 days before withdrawing?

Thanks!

no such wordings and requirements.

the 90 days is on the account. after 90 days then you can perform withdrawal on the account. Tiq does not track when each dollar is topup or the number of days that dollar has been in the account

 

[toaddd]

If you want guaranteed 1.8% p.a. for 3 years, make sure your first initial premium is at max $50k.
The rest of the top-up has no guarantee of 1.8% for 3 years and will float according to market rate.

If I put 50000 to easy save v I policypal is the 2.6 for 6 years guaranteed as well? Thanks

 

[oceanicmanta]

If I put 50000 to easy save v I policypal is the 2.6 for 6 years guaranteed as well? Thanks

yes it is (provided insurer dont fail)

if insurer fails, however, the SDIC PPF protection for SaveV is quite different to Elastiq. For the first 3 years, the surrender value of SaveV is lower than the total premiums paid.

see earlier post :

https://forums.hardwarezone.com.sg/128467575-post293.html