Etiqa Insurance Singapore has introduced Enrich Index Income, a non-participating endowment plan that combines insurance protection with index exposure, ensuring capital is guaranteed at maturity. This innovative plan allows customers to grow their cash value over the long term whilst benefiting from potential yearly cash returns linked to the Barclays RADAR 6% RC Index.
The plan offers non-guaranteed yearly cash benefits based on the performance of the Barclays RADAR 6% RC SGD or USD Index. This index diversifies investments across US equities, bonds, and commodities, adapting to changing market conditions. Customers can choose to receive these cash benefits as income or reinvest them to support long-term financial goals.
Claudia Soh, acting CEO and CFO of Etiqa Insurance Singapore, stated, “Today’s investors are seeking solutions that can help them grow their wealth without exposing their savings to the full impact of market volatility. Enrich Index Income is designed for customers who want to participate in market opportunities whilst maintaining greater peace of mind through capital guaranteed at maturity.”
Key features of the Enrich Index Income plan include:
– Participation in index-linked growth potential via the Barclays RADAR 6% RC Index.
– Potential non-guaranteed yearly cash benefits when the index performs positively.
– Capital guaranteed at maturity to protect the principal.
– A 0% floor rate ensuring cash benefits are never negative.
– Flexible payment options: single premium or over three years.
– Protection benefits including death, accidental death, and terminal illness coverage.
– No medical assessment required for purchase.
This plan is part of Etiqa’s comprehensive suite of financial solutions aimed at wealth accumulation, health protection, and legacy planning.
