Single Premium 5yr Endowment - 2.3%

lewissac

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What do you think of Single Premium 5yr Endowment - 2.3% by Life Insurance Corporation? See link below.


https://licsingapore.com/docs/WP3_Product_Summary.pdf

I know the interest rate are going up. Wondering if it is a good idea to put a small amout below 50K in this endowment?

Below 50K, I would just put in BOC Smartaver/ UOB One/OCBC360 plan. tThe interest is even higher than 2.3% if you fulfill the criteria, which is doable if you're spending normally.
 
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