The 10 Best Endowment & Savings Plans in Singapore

Capital-guaranteed and participating savings plans from reputable Singapore insurers.

Reviewed by our editors · Updated July 2026 · How we rank

Our verdict: GREAT SP is the best endowment & savings plan in Singapore right now - best balance of certainty, access, and insurer strength. AIA Smart Wealth Builder runs it closest.

Endowment and insurance savings plans in Singapore are usually bought for medium to long-term goals such as retirement income, education funding, or disciplined cash accumulation. The key comparison points are not just projected returns, but premium term, surrender risk, capital guarantee, payout flexibility, insurer strength, and whether returns are guaranteed or depend on bonuses.

Short-term tranche products can suit savers who want certainty over one to three years, while participating endowments are more suitable when you can commit for longer and accept non-guaranteed bonuses. Always compare the benefit illustration, distribution costs, early surrender values, and how the plan fits beside CPF, SRS, fixed deposits, T-bills, and existing insurance cover.

01
GREAT SP
89/100
A short-term single-premium endowment with guaranteed returns and online application.
1 Pickering Street, #01-01 Great Eastern Centre, Singapore 048659
greateasternlife.com
$$$ price range
“Best balance of certainty, access, and insurer strength.” - our editors
THEBESTSG STAFF REVIEW
This is one of the cleanest choices for conservative savers because the product structure is straightforward: pay once, hold to maturity, and receive the stated benefit if the policy remains in force. Great Eastern's service network is a practical advantage for policy servicing and claims. The trade-off is that GREAT SP is tranche and rate dependent, so availability and yields can change quickly. It is best viewed as a disciplined savings wrapper, not a flexible cash account.
Why GREAT SP made TheBest SG · full scorecardLess
WHY THEY MADE THEBEST SG
It ranks first for its simple structure, capital guarantee at maturity, SRS option, strong insurer reputation, and easy online purchase route.
GREAT SP is Great Eastern's single-premium, non-participating endowment plan for savers who want a defined short-term commitment. The plan offers guaranteed returns, a capital guarantee at maturity, and coverage for death and total and permanent disability during the policy term. It is available for cash or SRS funding, with online application and no medical assessment. Great Eastern's long history, large agency force, and OCBC-linked distribution make it one of the most accessible options for Singapore buyers who want a simple insurance savings product rather than a market-linked investment.
THE EDITORS' SCORECARD - 89/100
Unique Service Proposition18/20
Quality of Service19/20
Accessibility18/20
Value for Money17/20
Innovation17/20
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02
AIA Smart Wealth Builder
88/100
A long-term participating savings plan with flexible premium and wealth accumulation options.
1 Robinson Road, AIA Tower, Singapore 048542
aia.com.sg
$$$ price range
“Strong long-term planning choice from a major insurer.” - our editors
THEBESTSG STAFF REVIEW
AIA Smart Wealth Builder is strongest for buyers who want a mainstream, adviser-led endowment with a recognisable insurer behind it. The appeal is in its long-term planning flexibility and the depth of AIA's servicing infrastructure. It is not the simplest plan on this list because participating bonuses, premium terms, and surrender values need careful reading. For families planning around education, legacy, or retirement milestones, it offers a polished and widely supported route.
Why AIA Smart Wealth Builder made TheBest SG · full scorecardLess
WHY THEY MADE THEBEST SG
It earns a high position because AIA combines strong brand trust, adviser access, and a mature participating savings product for long-term goals.
AIA Smart Wealth Builder is a participating endowment plan designed for longer-term savings goals. It combines guaranteed benefits with potential bonuses from AIA's participating fund, with options that support wealth accumulation and future income planning. AIA is one of Singapore's largest life insurers, with broad adviser coverage and a strong brand presence. This plan is more suited to customers who want a structured policy over many years rather than a short cash-parking product, and who understand that part of the illustrated return is not guaranteed.
THE EDITORS' SCORECARD - 88/100
Unique Service Proposition17/20
Quality of Service19/20
Accessibility18/20
Value for Money17/20
Innovation17/20
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03
PRUActive Saver III
87/100
A Prudential participating endowment plan built for disciplined savings and protection.
7 Straits View, #06-01 Marina One East Tower, Singapore 018936
prudential.com.sg
$$$ price range
“Reliable adviser-backed plan with broad local reach.” - our editors
THEBESTSG STAFF REVIEW
PRUActive Saver III is a solid mainstream endowment for buyers who prefer adviser support and a familiar insurer. Prudential's strength is distribution, product documentation, and ongoing service access, which matters because endowment plans need servicing over many years. The honest caveat is that the value depends on holding the policy as intended. Early surrender can be costly, and illustrated bonuses should not be treated as fixed returns.
Why PRUActive Saver III made TheBest SG · full scorecardLess
WHY THEY MADE THEBEST SG
It is selected for Prudential's reputation, strong service reach, and a well-rounded participating savings structure for long-term commitments.
PRUActive Saver III is Prudential Singapore's participating savings plan for customers who want a regular endowment structure with insurance protection. It is positioned around disciplined wealth accumulation, with guaranteed benefits plus non-guaranteed bonuses depending on participating fund performance. Prudential has a large Singapore footprint, strong adviser distribution, and well-established digital servicing. The plan is best suited for people who can commit to the selected premium term and want an insurer with deep experience in life, health, and savings policies.
THE EDITORS' SCORECARD - 87/100
Unique Service Proposition17/20
Quality of Service18/20
Accessibility18/20
Value for Money17/20
Innovation17/20
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04
Singlife Flexi Life Income II
86/100
A savings plan focused on flexible income payouts and protection features.
4 Shenton Way, #01-01 SGX Centre 2, Singapore 068807
singlife.com
$$$ price range
THEBESTSG STAFF REVIEW
Singlife is a credible pick for customers who like digital-first servicing but still want the scale of an established insurer. Flexi Life Income II is useful where future income design matters more than a single maturity payout. It is more nuanced than short-term guaranteed products, so it needs a proper adviser conversation and careful review of income options. The trade-off is complexity, but the flexibility is meaningful for retirement-style planning.
Why Singlife Flexi Life Income II made TheBest SG · full scorecardLess
WHY THEY MADE THEBEST SG
It stands out for flexible income planning, Singlife's enlarged Singapore presence, and a product shape that suits retirement cashflow goals.
Singlife Flexi Life Income II is an insurance savings plan designed around income flexibility, with policy features that can support retirement or future cashflow needs. Singlife has grown into a major Singapore insurer after the Aviva Singapore combination, giving it a large existing customer base and a modern digital service orientation. The plan is aimed at customers who want more than a simple lump-sum maturity product, especially those considering regular income later in life. As with other participating-style savings plans, buyers should separate guaranteed benefits from illustrated non-guaranteed returns.
THE EDITORS' SCORECARD - 86/100
Unique Service Proposition18/20
Quality of Service17/20
Accessibility17/20
Value for Money17/20
Innovation17/20
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05
Manulife Goal
85/100
A participating endowment plan for milestone-based savings and protection.
8 Cross Street, #15-01 Manulife Tower, Singapore 048424
manulife.com.sg
$$$ price range
THEBESTSG STAFF REVIEW
Manulife Goal is a practical mid-to-long-term savings choice for people who want structure and insurer backing. The product is not trying to be the flashiest short-term yield option. Its strength is goal-based planning with a reputable international brand and a familiar adviser route. The trade-off is that returns need to be read through the lens of guaranteed versus non-guaranteed benefits, and buyers should be comfortable with the premium duration before signing.
Why Manulife Goal made TheBest SG · full scorecardLess
WHY THEY MADE THEBEST SG
It makes the list for its goal-based endowment design, credible insurer backing, and suitability for customers planning around specific life milestones.
Manulife Goal is a savings-focused endowment plan from Manulife Singapore, positioned for customers building towards defined milestones. It provides insurance protection alongside savings benefits, with the potential for participating bonuses depending on fund performance. Manulife is a global insurer with a long Singapore presence, and its local product range covers protection, retirement, investment, and savings needs. This plan is most relevant for customers who value a structured premium commitment and want an international insurer with adviser support rather than a purely online savings product.
THE EDITORS' SCORECARD - 85/100
Unique Service Proposition17/20
Quality of Service17/20
Accessibility17/20
Value for Money17/20
Innovation17/20
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06
Gro Capital Ease
84/100
A short-term insurance savings plan with guaranteed maturity benefit by tranche.
75 Bras Basah Road, Singapore 189557
income.com.sg
$$ price range
THEBESTSG STAFF REVIEW
Gro Capital Ease is popular with conservative savers because it feels close to a fixed-tenure savings product, but with insurance policy features. Income's local brand recognition and mass-market positioning help, especially for buyers who prefer plain documentation and accessible support. The limitation is timing: new tranches may not always be open, and the rate can change between launches. It is a strong watchlist product for short-term guaranteed savings.
Why Gro Capital Ease made TheBest SG · full scorecardLess
WHY THEY MADE THEBEST SG
It is chosen for its guaranteed maturity structure, SRS payment option, local familiarity, and clear appeal to short-term conservative savers.
Gro Capital Ease is Income Insurance's single-premium insurance savings plan, offered in tranches. It is built for customers who want a short-term policy with guaranteed maturity benefit, death and total and permanent disability protection, and guaranteed acceptance. Income states that online purchase is available to eligible Singapore citizens and permanent residents, and the plan can accept SRS funds. As a tranche product, its availability and guaranteed yield can differ between launches, so it suits savers who are ready to act when a suitable tranche opens.
THE EDITORS' SCORECARD - 84/100
Unique Service Proposition17/20
Quality of Service17/20
Accessibility17/20
Value for Money16/20
Innovation17/20
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07
HSBC Life EarlyIncome
83/100
A savings plan designed to provide income payouts from an established bank insurer.
insurance.hsbc.com.sg
$$$ price range
THEBESTSG STAFF REVIEW
HSBC Life EarlyIncome is a credible choice for customers who already bank with HSBC or prefer a bank-linked insurance conversation. Its strength is income planning backed by a large financial group, which can be convenient for more affluent households managing multiple products. The trade-off is that it is not a simple short-term savings substitute. The benefit illustration needs careful checking, particularly if the plan is being used for retirement income expectations.
Why HSBC Life EarlyIncome made TheBest SG · full scorecardLess
WHY THEY MADE THEBEST SG
It earns a place for HSBC Life's bank-linked distribution, income focus, and stronger Singapore insurance presence after its AXA acquisition.
HSBC Life EarlyIncome is a savings and income product from HSBC Life Singapore, aimed at customers who want policy-based income planning with an insurer linked to a major banking group. HSBC Life's Singapore business expanded after the acquisition of AXA Singapore, giving it a broader insurance base and product suite. EarlyIncome is most suitable for customers who value bank-insurer access, long-term income planning, and adviser support. Buyers should review payout timing, premium terms, and the split between guaranteed and non-guaranteed benefits before committing.
THE EDITORS' SCORECARD - 83/100
Unique Service Proposition16/20
Quality of Service17/20
Accessibility17/20
Value for Money16/20
Innovation17/20
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08
TM Nest Egg
82/100
A Tokio Marine savings plan for disciplined long-term accumulation and protection.
20 McCallum Street, #09-01 Tokio Marine Centre, Singapore 069046
tokiomarine.com
$$$ price range
THEBESTSG STAFF REVIEW
TM Nest Egg is worth considering if you want a reputable insurer outside the usual few household names. Tokio Marine's brand carries weight, and the plan name reflects its practical purpose: building a future pool of money with insurance protection attached. The trade-off is visibility. It is less commonly discussed than plans from AIA, Prudential, Great Eastern, or Income, so buyers may need a more deliberate adviser review before comparing it properly.
Why TM Nest Egg made TheBest SG · full scorecardLess
WHY THEY MADE THEBEST SG
It is included for Tokio Marine's international insurance strength, local life insurance presence, and a clear savings-plan proposition.
TM Nest Egg is a savings plan from Tokio Marine Life Insurance Singapore, built for customers who want an insurance-based way to accumulate funds over time. Tokio Marine is part of a major Japanese insurance group and has a long-running Singapore presence across life and general insurance. The plan is positioned for goal-based savings with life protection, making it relevant for education, family, and future liquidity planning. It is better for committed savers than for people who need short-term flexibility.
THE EDITORS' SCORECARD - 82/100
Unique Service Proposition16/20
Quality of Service17/20
Accessibility16/20
Value for Money16/20
Innovation17/20
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09
Tiq 3-Year Endowment Plan
81/100
A digital short-term endowment plan with a fixed policy term and guaranteed payout.
One Raffles Quay, #22-01 North Tower, Singapore 048583
etiqa.com.sg
$$ price range
THEBESTSG STAFF REVIEW
Etiqa's strength is convenience. Tiq products are generally designed for online buyers who want to complete applications without a long advisory process, and the 3-Year Endowment Plan fits that pattern. It is attractive when its tranche rate is competitive and the buyer is comfortable locking funds for the full term. The trade-off is that service and advice are more digital-led, so complex planning needs may be better served elsewhere.
Why Tiq 3-Year Endowment Plan made TheBest SG · full scorecardLess
WHY THEY MADE THEBEST SG
It is selected for its accessible digital purchase model, short policy term, and straightforward appeal to rate-conscious savers.
Tiq 3-Year Endowment Plan is Etiqa Singapore's online endowment product for savers who want a defined three-year commitment. Etiqa is known locally for digital insurance distribution through its Tiq platform, covering travel, car, maid, protection, and savings products. This plan appeals to customers who prefer online purchase, a relatively short horizon, and a clear maturity outcome. Like other tranche-style endowments, the available return and purchase terms can change, so it should be compared against current fixed deposits, T-bills, and other guaranteed policies.
THE EDITORS' SCORECARD - 81/100
Unique Service Proposition17/20
Quality of Service16/20
Accessibility17/20
Value for Money16/20
Innovation15/20
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10
GREAT Flexi Goal
80/100
A flexible Great Eastern endowment plan for longer-term savings goals.
1 Pickering Street, #01-01 Great Eastern Centre, Singapore 048659
greateasternlife.com
$$$ price range
THEBESTSG STAFF REVIEW
GREAT Flexi Goal is a sensible alternative for customers who like Great Eastern but need more planning flexibility than GREAT SP. The biggest advantage is insurer familiarity and access to advisers across Singapore. It works best when there is a clear goal and the buyer can stay committed. The trade-off is that flexibility does not remove surrender risk, and projected returns should be tested against the guaranteed values before purchase.
Why GREAT Flexi Goal made TheBest SG · full scorecardLess
WHY THEY MADE THEBEST SG
It rounds out the ranking because it offers a flexible long-term option from a top local insurer with strong servicing access.
GREAT Flexi Goal is Great Eastern's wealth accumulation plan for customers who want a more flexible endowment structure than a short single-premium tranche. It is designed for long-term savings needs and comes from one of Singapore's most established insurers. The plan is relevant for buyers who want to map premiums and payouts to life goals such as education, retirement, or future family needs. As with all longer-term endowments, suitability depends heavily on premium affordability, policy duration, and comfort with non-guaranteed benefit illustrations.
THE EDITORS' SCORECARD - 80/100
Unique Service Proposition16/20
Quality of Service17/20
Accessibility16/20
Value for Money15/20
Innovation16/20
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Best Endowment & Savings Plans in Singapore compared

Rank	Name	Known for	Price
#1	GREAT SP	single premium · guaranteed returns	$$$
#2	AIA Smart Wealth Builder	participating plan · long term	$$$
#3	PRUActive Saver III	participating plan · regular premium	$$$
#4	Singlife Flexi Life Income II	income planning · retirement	$$$
#5	Manulife Goal	goal based · participating plan	$$$
#6	Gro Capital Ease	single premium · guaranteed maturity	$$
#7	HSBC Life EarlyIncome	income plan · bank insurer	$$$
#8	TM Nest Egg	savings plan · life protection	$$$
#9	Tiq 3-Year Endowment Plan	digital insurer · short term	$$
#10	GREAT Flexi Goal	flexible savings · long term	$$$

Endowment & Savings Plans in Singapore - your questions

Are endowment plans in Singapore capital guaranteed?

Some are fully capital guaranteed at maturity, especially single-premium non-participating plans. Participating endowments may have guaranteed and non-guaranteed components, so check the benefit illustration carefully.

Who should consider an insurance savings plan?

They suit people who want disciplined savings with some insurance cover and can hold the policy to maturity. They are less suitable if you may need the money early.

What is the biggest risk with endowment plans?

Early surrender is the main risk. If you cancel before maturity, the surrender value can be lower than the premiums paid, especially in the early years.

How should I compare plans?

Compare guaranteed maturity value, projected yield, premium commitment, payout schedule, insurer service access, fees, and whether the plan accepts cash or SRS funds.

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The 10 Best Endowment & Savings Plans in Singapore

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