Single Premium Endowment Plan Singapore 2026

Available Plans, Rates & What You Need to Know

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A single premium endowment plan in Singapore lets you deposit one lump sum today and collect a guaranteed payout at maturity — no monthly premiums required. In September 2026, two plans are actively open: Singlife Max Saver II (2.00% p.a., 2 years, minimum S$20,000) and DBS SavvyEndowment 23 (1.44% p.a. guaranteed, 2 years, minimum S$5,000). The Tiq 3-Year plan at 3.56% p.a. is fully subscribed and closed to new applicants.

Not financial advice. All figures are for educational reference only. Data verified as at September 2026 unless noted.

What Is a Single Premium Endowment Plan?

A single premium endowment plan is a type of insurance savings product. You pay one lump sum at the start. The insurer holds your money for a fixed term — typically 2 to 5 years. At maturity, you receive a guaranteed payout plus any non-guaranteed bonuses.

Compare that to a regular premium endowment plan, where you pay monthly or yearly contributions over the policy term. Single premium plans suit investors who already have a lump sum sitting in a savings account and want a fixed, predictable return.

Key features of single premium endowment plans in Singapore:

• Capital guaranteed at maturity — your principal is protected if you hold to the end of the term
• Guaranteed + non-guaranteed returns — the “guaranteed” portion is locked in; any bonus is based on the insurer’s participating fund performance
• Basic insurance coverage — typically covers death and total permanent disability
• No medical underwriting — most plans accept all applicants regardless of health status
• SRS-eligible (select plans) — some allow you to use your Supplementary Retirement Scheme funds

One important thing to know: single premium endowment plans are sold in tranches. Each tranche has a fixed allocation. Once it fills up, the plan closes — sometimes within days of launch. If you miss a tranche, you wait for the next one.

Currently Available Single Premium Endowment Plans in Singapore (Sep 2026)

Here are the plans you can actually apply for right now. Rates and availability change frequently — always verify directly with the insurer before applying.

1. Singlife Max Saver II — 2.00% p.a. (2 Years)

• Provider: Singlife (formerly Aviva Singapore)
• Term: 2 years
• Guaranteed yield: 2.00% p.a.
• Minimum premium: S$20,000
• SRS eligible: Yes
• Capital guaranteed: Yes, at maturity
• Status (Sep 2026): Open

Singlife Max Saver II is one of the more competitive short-duration plans available today. The 2.00% p.a. guaranteed rate beats most 2-year fixed deposits and is SRS-compatible, which adds a 37% to 22% tax relief benefit for eligible contributors. The minimum S$20,000 entry point may put this out of reach for smaller savers.

2. DBS SavvyEndowment 23 — 1.44% p.a. Guaranteed (2 Years)

• Provider: Manulife (distributed via DBS Bank)
• Term: 2 years
• Guaranteed yield: 1.44% p.a.
• Total illustrated yield: 1.60% p.a. (includes non-guaranteed component)
• Minimum premium: S$5,000
• SRS eligible: Yes
• Capital guaranteed: Yes, at maturity
• Status (Sep 2026): Open

DBS SavvyEndowment 23 has the lowest entry point of the plans reviewed here at S$5,000. That makes it accessible for savers who want to lock in a guaranteed, capital-safe return without needing a large lump sum. The guaranteed rate of 1.44% p.a. is modest but comes with the certainty of a fixed payout. Read our full DBS SavvyEndowment review for more details.

*Non-guaranteed component based on Manulife’s participating fund performance. Actual returns may vary.

Rates Comparison Table — Single Premium Endowment Plans (Sep 2026)

Source: Singlife, DBS, Etiqa, Income Insurance official websites. September 2026. *DBS SavvyEndowment 23 total illustrated yield is 1.60% p.a.; guaranteed portion is 1.44% p.a.

What’s Fully Subscribed or Unavailable Right Now

Not every plan you find mentioned online is actually open for applications. Here is what’s closed as of September 2026:

Tiq 3-Year Endowment Plan (3.56% p.a.) — Fully Subscribed. This was the standout plan of 2026. The 3-year guaranteed rate of 3.56% p.a. significantly outpaced everything else in the market. As of September 2026, the most recent tranche is fully subscribed and closed. A new tranche may open — but timing and rates are not confirmed. Read the full Tiq 3-Year Endowment Plan review for background.

NTUC Income Gro Capital Ease — Between Tranches. Income Insurance’s flagship short-term plan has offered rates between 1.2% and 3.6% p.a. across its history. As of September 2026, there is no live tranche open for purchase. Watch Income Insurance’s website for the next launch date.

This is the nature of the Singapore short-term endowment market: the best plans fill up fast. If you see a rate you like, act quickly — or be prepared to miss that tranche and wait for the next one.

Single Premium vs Regular Premium Endowment Plans

Which type is right for you depends on your cash flow situation. Here is how they differ:

Source: Insurer product summaries and MAS product comparison. September 2026.

If you have a lump sum parked in a savings account earning 0.05% p.a., a single premium plan gives you a defined, time-limited home for that cash at a much better rate. If you are building savings gradually from monthly income, a regular premium plan makes more sense.

How Single Premium Endowment Plans Compare to Other Instruments

You have other options for your lump sum. Here is how single premium endowment plans stack up against the main alternatives in September 2026:

Source: MAS, Singlife, DBS official websites. September 2026. *Guaranteed component only.

The key advantage of single premium endowment plans over fixed deposits is the SRS compatibility and — when rates are favourable — slightly higher guaranteed returns. Singapore Savings Bonds offer monthly redemption flexibility which endowment plans do not. T-bills offer a shorter 6-month lock-in. The right choice depends on your time horizon and whether SRS tax relief is relevant to you. Use our Singapore retirement calculator to see how different rates affect your long-term goals.

Who Should Consider a Single Premium Endowment Plan?

These plans are not for everyone. Here is a quick breakdown:

Good fit if you:

• Have a lump sum of S$5,000 or more sitting idle in a low-interest account
• Do not need that money for at least 2–3 years
• Want capital protection with a guaranteed rate — no market risk
• Have SRS funds to invest (endowment plans are one of the few SRS-eligible products with a fixed guaranteed return)
• Want simple, set-and-forget saving without active management

Not the best fit if you:

• May need the money before the term ends — early surrender typically costs you the guaranteed return and possibly part of the principal
• Are comfortable with some market risk in exchange for higher potential returns — consider Syfe’s income portfolios or S-REITs instead
• Want maximum flexibility — Singapore Savings Bonds let you redeem monthly; endowment plans do not
• Are looking to grow wealth significantly — guaranteed returns of 1–2% p.a. will not outpace inflation over the long run

Think of single premium endowment plans as a step up from a fixed deposit. They suit the conservative, time-horizon-aware portion of your portfolio — not your entire savings.

Frequently Asked Questions