Best Single Premium Endowment Plans in Singapore 2026

Planning for your future in Singapore means looking at all the options for growing your money. Single premium endowment plans are one way people are trying to do this. You put in a lump sum, and it’s supposed to grow over time, giving you a nice little nest egg later on. It’s like a one-and-done savings approach. We’ve looked at some of the popular ones out there for 2026 to help you see what’s available.

Key Takeaways

• Single premium endowment plans allow you to invest a lump sum with the goal of long-term wealth accumulation.
• These plans can offer a guaranteed principal, along with potential non-guaranteed bonuses.
• Consider plans that offer flexibility in payout options and terms that align with your financial timeline.
• It’s important to understand the fees and charges associated with each plan to gauge its true return potential.
• The NTUC Income Luxe Solitaire is one of the options available for those exploring these types of savings plans.

1. Singlife with Aviva MyLifeIncome III

Singlife with Aviva MyLifeIncome III is a plan designed to provide a steady stream of income, aiming to secure your financial future. One of its standout features is the early guarantee of your principal, which typically happens by year 5. This can be quite reassuring, especially when compared to other lifetime income plans where the principal guarantee might take longer to kick in.

This plan offers a good degree of flexibility, allowing you to choose from various premium payment terms and cash payout options. This means you can tailor the plan to better fit your personal financial situation and your family’s needs. For instance, if you opt for a 5-year premium term, you could potentially start receiving payouts as early as the 6th year.

Here’s a look at some of the key aspects:

• Early Principal Guarantee: Your initial investment is protected relatively quickly.
• Flexible Payout Options: Choose how and when you receive your income.
• Customizable Terms: Select from different premium payment durations.

However, it’s worth noting that this plan does not include a premium waiver in the event of total and permanent disability (TPD). This is something to consider when comparing it with other options available in the market.

When looking at income plans, it’s important to consider not just the potential returns but also the guarantees and flexibility offered. The Singlife with Aviva MyLifeIncome III aims to balance these by providing an early principal guarantee alongside customizable payout structures, making it a contender for those seeking predictable income streams.

2. China Taiping i-Retire II

China Taiping’s i-Retire II is a single premium endowment plan that aims to provide a steady stream of income during your retirement years. It’s designed for individuals looking for a straightforward way to secure their financial future without the complexity of managing multiple investments. The plan offers a capital-guaranteed component, meaning your initial investment is protected, alongside potential non-guaranteed benefits that can boost your returns.

One of the key attractions of i-Retire II is its focus on providing competitive yields. It’s often highlighted for having some of the highest guaranteed and projected yields compared to similar products in the market. This means more of your money is working towards generating your retirement income. The plan also offers flexibility in how you receive your payouts, allowing you to choose a payout term that suits your needs, whether it’s 10, 20, or 30 years.

Here’s a quick look at some of its features:

• Premium Payment: Single Premium (lump sum).
• Payout Options: Choose from 10, 20, or 30-year payout terms.
• Guaranteed Monthly Income: A fixed amount you can rely on.
• Non-Guaranteed Benefits: Potential for additional income based on the insurer’s performance.
• Death Benefit: Provides a payout to your beneficiaries.

While the plan is straightforward, it’s worth noting that it doesn’t offer SRS eligibility, which might be a consideration for some. Also, the loss of independence benefit, while present, doesn’t waive future premiums, unlike some other plans. However, for those prioritizing strong guaranteed and projected yields with a simple structure, China Taiping i-Retire II is definitely a plan to look into.

The simplicity of a single premium payment means you make one upfront investment and then focus on the accumulation and payout phases. This can be appealing for those who prefer not to manage ongoing premium payments or worry about market fluctuations affecting regular contributions.

3. NTUC Income Luxe Solitaire

NTUC Income’s Luxe Solitaire is a single premium endowment plan that stands out for its relatively quick payout timeline. If you’re looking for a plan that starts returning your investment sooner rather than later, this could be an option to consider. It’s designed to provide a steady stream of income, which can be appealing for those planning their finances for the future.

One of the key features often highlighted is its ability to begin payouts as early as the third year. This is a notable point when comparing it to other plans that might have longer waiting periods before any income is disbursed. The plan also includes protection against death and terminal illness, offering a layer of security for your beneficiaries.

Here’s a quick look at some aspects:

• Fastest Payout: Starts income distribution from the 3rd policy year.
• Protection: Includes coverage for death and terminal illness.
• Legacy Planning: Aims to provide financial security for the long term.

When evaluating plans like the Luxe Solitaire, it’s always a good idea to look at the specifics of the payout structure and the guaranteed versus non-guaranteed components. Understanding how the returns are generated and what guarantees are in place will help you make a more informed decision about whether it fits your financial objectives. It’s worth noting that while this plan offers a faster payout, other plans might offer different benefits or longer-term accumulation potential. NTUC Income’s Luxe Solitaire is one of the options that offers a rapid 3-year payout.

It’s important to remember that single premium endowment plans are a commitment. While they offer a structured way to save and grow wealth, they typically involve locking in your funds for a specific period. Always ensure the plan aligns with your personal financial situation and long-term goals before committing.

4. Singlife Flexi Life Income II

Singlife Flexi Life Income II is a plan designed to give you a steady stream of income, and it’s pretty flexible too. It offers annual payouts of up to 5.20% of your investment, which is a nice chunk to have coming in regularly. This plan is a good option if you’re looking for a way to secure a predictable income stream without locking all your money away indefinitely.

One of the key things about this plan is its flexibility. You can choose how you want to receive your money, and it’s designed to give you a degree of control over your finances. It’s not just about getting money out, though; the plan also allows for accumulation, meaning you can let your payouts grow within the plan if you don’t need the cash right away. This can lead to higher returns when you eventually decide to withdraw your savings.

Here’s a quick look at some of its features:

• Guaranteed Principal: Your initial investment is protected, which is a big plus for peace of mind.
• Flexible Payouts: You can choose when to start receiving your income, giving you control over your financial timeline.
• Lifetime Income: The plan aims to provide payouts for your entire life, offering long-term financial security.
• Death and Terminal Illness Coverage: It includes a protection component for these unfortunate events.

The plan breaks even relatively quickly, often within 3 to 5 years. After that, any money you don’t withdraw continues to be reinvested and grow, which is a smart way to build up your wealth over time. You can use these annual cash backs for various things, like covering daily expenses, funding trips, or even supplementing your retirement income.

It’s worth noting that this plan can be a good alternative to traditional fixed deposits, especially when interest rates are low. While fixed deposits offer safety, they might not keep pace with inflation. Singlife Flexi Life Income II, on the other hand, aims for higher yields and provides additional protection benefits, all while guaranteeing your capital from a certain point onwards. It’s a way to potentially earn more while still having your principal protected Singlife Flexi Life Income II.

When considering this plan, think about your personal financial goals and how a steady, flexible income stream fits into your overall strategy. It’s a solid choice for those seeking a balance between security and adaptability in their savings and income plans.

5. Manulife ReadyBuilder II

Manulife ReadyBuilder II is a plan that offers a good mix of flexibility and potential returns, making it a solid choice for those looking to grow their savings over time. It’s designed to last, with a policy term that can extend all the way to age 120, essentially covering you for life. This means your money has a long runway to grow.

One of the standout features is the flexibility in premium payments. You can opt for a single premium payment if you have a lump sum available, or choose a payment period of 5, 10, 15, or 20 years if you prefer to spread out your contributions. This adaptability helps it fit into different financial situations.

The plan offers a capital guarantee starting from the 15th policy year, providing a safety net for your investment. Historically, the participating fund has shown strong performance. For instance, from 2009 to 2023, it achieved a return of 4.89%. Shorter-term performances have been even more impressive, with 3, 5, and 10-year returns reaching 1.33%, 4.80%, and 4.17% respectively, which is quite competitive.

However, it’s worth noting that the plan’s average Total Expense Ratio (TER) over the past eight years has been around 3.63%, which is higher than the industry average of 2.49%. This means that the actual returns you see might be a bit lower after expenses are factored in.

Coverage includes standard benefits like death, total and permanent disability (TPD), and terminal illness (TI). You can also add riders to waive premiums under certain circumstances, like critical illness, ensuring your policy continues to grow even during difficult times. Accessing your funds is also possible through bonus withdrawals or partial surrenders, with a minimum of $500 per transaction.

There’s also a retrenchment benefit, which gives you back 50% of your annual premiums if you’re unemployed for 30 consecutive days. Plus, a premium freeze option allows you to pause payments for up to a year, twice, which can be a lifesaver if your financial situation changes unexpectedly. The ability to change the life assured also adds a layer of flexibility for long-term legacy planning.

While the expense ratio is on the higher side, the Manulife ReadyBuilder II compensates with its extensive features, long-term outlook, and historical performance, making it a strong contender for those seeking a robust savings plan.

Here’s a quick look at some key aspects:

• Premium Payment Flexibility: Single premium or limited pay terms (5, 10, 15, 20 years).
• Policy Term: Up to age 120.
• Capital Guarantee: From the 15th policy year.
• Retrenchment Benefit: 50% of annual premiums back after 30 days of unemployment.
• Premium Freeze: Option to pause payments for up to 1 year, twice.

Overall, the Manulife ReadyBuilder II is a versatile plan that balances growth potential with practical benefits, suitable for individuals who value long-term financial security and flexibility. You can find more details about Manulife’s ReadyBuilder products on their official documentation.

6. NTUC Income Gro Cash Plus

NTUC Income Gro Cash Plus is a single premium endowment plan designed to provide a steady stream of income. It aims to offer a balance between capital preservation and regular payouts, making it an option for those looking for predictable cash flow over a defined period.

This plan is structured to give policyholders a return on their lump sum investment. The payouts are typically a mix of guaranteed and non-guaranteed amounts, which can help in managing expectations about the income received. The key feature is the regular cash payout, which can be a significant draw for individuals planning their finances.

Here’s a look at some of its potential benefits:

• Regular Income Stream: Provides periodic payouts, which can supplement your existing income or cover regular expenses.
• Capital Guarantee: Offers a degree of capital protection, meaning your initial investment is safeguarded under certain conditions.
• Flexibility in Payouts: Depending on the specific options chosen, there might be some flexibility in how and when you receive your payouts.

When considering the NTUC Income Gro Cash Plus, it’s important to understand the terms and conditions. The duration of the payout period and the total amount received will depend on the sum assured and the plan’s specific features. It’s a plan that suits those who prefer a straightforward approach to generating income from a single investment, rather than engaging in more complex investment strategies.

This type of plan can be a good fit for individuals who have a lump sum they wish to grow and then receive back in regular installments, without the volatility often associated with market-linked investments. It offers a sense of security for those who prioritize a predictable financial future.

7. Etiqa Enrich Flex

Etiqa’s Enrich Flex is a plan that offers a good mix of flexibility and long-term growth potential. It’s designed to be quite versatile, which is a big plus. You can use it for things like saving for your child’s education, planning for your own retirement, or even for legacy planning. It’s one of those plans that can adapt to different life stages.

One of the standout features is that the capital is guaranteed by the 15th policy anniversary, which offers a nice layer of security. The plan continues to grow your money until you’re 100 years old, which is a pretty long time horizon. This means your savings have a lot of time to potentially grow.

Here’s a quick look at how it stacks up against a similar plan:

Feature	Etiqa Enrich Flex	AIA SmartWealth Builder II
Premium	$5,077.80	$5,000
Savings Term	20 Years	20 Years
Guaranteed Breakeven	15th year	15th year
Value at Year 20	$106,050 (continues to grow until age 100)	$69,650 (continues to grow until age 125)

What’s really interesting is the Secondary Life Insured (SLI) option. This allows the plan to keep accumulating wealth and growing for a secondary person, even after the primary policyholder is no longer around. It essentially acts as an ongoing wealth-building tool for them. Plus, getting this plan doesn’t require a medical check-up, which makes the application process much simpler. It’s a good option if you’re looking for a savings plan with a long-term outlook and some built-in flexibility. You can find out more about Etiqa’s insurance products if you’re curious.

The plan’s ability to mature at age 100 and its guaranteed capital at year 15 are key selling points. It offers a way to grow your savings over a very long period, with the added benefit of a secondary life insured option for continued wealth accumulation.

8. Singlife Flexi Retirement II

Singlife Flexi Retirement II is a plan that offers a good deal of flexibility for those planning their future income. It’s designed to give you control over how and when you receive your retirement payouts, which can be a big plus when you’re trying to map out your golden years. The plan allows for a lot of customization, so you can really tailor it to fit your specific needs and financial situation.

One of the standout features is the ability to adjust your payout term. You’re not locked into a fixed period; instead, you can choose how long you want to receive your income, ranging from 5 to 35 years. This kind of flexibility can be really helpful for managing your finances over a long retirement. Plus, there’s an option called ‘Fast Forward’ which lets you take out a portion of your benefits early if you need a lump sum before your regular payout period even begins. This can be a lifesaver if unexpected expenses pop up.

Here are some of the key aspects of Singlife Flexi Retirement II:

• Retirement Age Flexibility: Unlike some plans that fix your retirement age, this one lets you decide when you want to start receiving income. You can retire whenever you feel ready.
• Payout Term Customization: You have the freedom to select the duration of your income payouts, from 5 to 35 years.
• Early Withdrawal Option: The ‘Fast Forward’ feature allows for partial withdrawals before your retirement income starts.
• Death and Disability Coverage: The plan includes coverage for death and total permanent disability (TPD). In such events, it can pay out up to 5 times the plan’s basic annual premium, which is quite substantial compared to some other plans.
• Retrenchment Benefit: If you happen to be retrenched, the plan offers a payout of 40% of your annual premium (for regular premium plans) or 10% of your single premium if you paid upfront. This provides a financial safety net during tough times.
• Premium Freeze Option: You can pause your premium payments for up to a year while keeping your policy active, offering a breather if your cash flow gets tight.
• SRS Eligibility: You can use your Supplementary Retirement Scheme (SRS) savings to fund the single premium payment, which can help with tax deferment benefits.

While Singlife Flexi Retirement II offers a high degree of flexibility and robust coverage options, it’s worth noting that this level of customization can sometimes come with a higher price tag compared to more basic retirement plans. It’s always a good idea to compare costs and benefits carefully to ensure it aligns with your budget and long-term financial goals.

This plan is a strong contender if you value control over your retirement income and want a plan that can adapt to your life circumstances. It’s particularly useful for those who want to plan for retirement with a focus on flexibility and comprehensive protection.

9. NTUC Income Gro Retire Flex Pro II

NTUC Income Gro Retire Flex Pro II is a retirement savings plan that offers a good deal of flexibility for those planning their later years. It’s designed to provide a steady income stream, and one of its standout features is the ability to adjust your chosen retirement age even after you’ve started the policy. This means if your plans change, you can shift when you want to start receiving your payouts.

This plan allows for various premium payment terms, including a single premium option or spread over 5, 10, 15, or 20 years. You can also choose how long you want your income payouts to last, with options ranging from 10, 15, 20 years, or even extending to age 100.

Here’s a look at some of its key features:

• Flexibility in Retirement Age: You can change your retirement age after the policy starts.
• Payout Duration Options: Choose to receive income for a fixed term (10, 15, 20 years) or up to age 100.
• Principal Guarantee: Your initial investment is 100% guaranteed when you reach your chosen retirement age.
• No Health Underwriting: Generally, no medical checks are required to get this plan.

While the plan offers significant flexibility, it’s worth noting that it doesn’t support SRS (Supplementary Retirement Scheme) contributions for premium payments. Also, the definition of disability might differ from other insurers, so it’s good to check the specifics.

For individuals looking for a retirement plan that can adapt to life’s changes, the NTUC Income Gro Retire Flex Pro II is definitely worth considering as part of your retirement planning strategy.

10. Manulife RetireReady Plus III

Manulife RetireReady Plus III is a retirement income plan that really tries to give you a good mix of guaranteed income and flexibility. It’s designed to help you build up savings and then provide a steady stream of income when you stop working. One of the standout features is its retrenchment benefit, which is pretty unique in the market. If you happen to lose your job, you can get a payout of 50% of your annual premium to help you through that tough period. They also let you freeze your premiums for a year if needed, which is a nice safety net.

When it comes to choosing how you want your retirement income to work, Manulife RetireReady Plus III offers several options. You can pick your retirement age, starting as early as 50 and going up to 70. You also get to decide how long you want to receive your income payouts – options include 5, 10, 15, 20 years, or even a lifetime payout. This flexibility is a big plus for planning your future.

Here’s a quick look at some of the key features:

• Flexible Premium Payment Terms: You can choose a single premium, or pay over 5, 10, 15, or 20 years. The single premium option is eligible for SRS contributions, which can offer tax benefits.
• Disability Benefits: The plan offers enhanced payouts if you lose independence. If you can’t perform 2 out of 6 Activities of Daily Living (ADLs), you get 1.5 times your monthly benefit (capped). If you can’t perform 3 ADLs, it increases to 2 times your monthly benefit (capped).
• Retrenchment Payout Benefit: A lump sum of 50% of your annual premium if you’re unemployed for at least 30 days.
• Premium Freeze Option: You can pause premium payments for up to a year while keeping the policy active.

Manulife’s participating funds have historically shown strong long-term performance, which could mean potentially higher returns for this plan. It’s worth looking into if you’re aiming for growth alongside your retirement income.

The plan covers death and terminal illness, but it’s important to note that it doesn’t offer coverage for critical illnesses or total permanent disability directly within the base plan. You might need separate riders for that kind of protection. Overall, Manulife RetireReady Plus III seems like a solid choice for those who value flexibility and a safety net during retirement planning, especially if you’re considering a single premium retirement plan.

Thinking about your future? The Manulife RetireReady Plus III plan is a great way to save for retirement. It helps you grow your money so you can enjoy your golden years. Want to learn more about how this plan can work for you? Visit our website today to get all the details and see if it’s the right fit for your financial goals.

Wrapping Up Your Single Premium Endowment Plan Search

So, we’ve looked at a few different single premium endowment plans available in Singapore for 2026. It’s clear that picking the right one really depends on what you’re trying to achieve with your money. Whether you’re focused on guaranteed returns, flexibility, or a mix of both, there are options out there. Remember to check the details, like the payout structures and any guarantees, to make sure it fits your personal financial picture. Taking the time to compare these plans is a smart move for your future.

Frequently Asked Questions

What is a single premium endowment plan?

A single premium endowment plan is a type of insurance policy where you pay one lump sum of money upfront. In return, the plan grows your money over time and provides a payout at a later date, or it can provide a regular income for a set period or even for your whole life. It’s like saving up for a future goal with the added benefit of insurance protection.

Why are these plans called ‘single premium’?

They’re called ‘single premium’ because you pay the entire cost of the policy all at once. Instead of making payments every month or year, you make just one payment when you buy the plan. This can be convenient if you have a lump sum of money available, like from a bonus or inheritance.

What does ‘endowment’ mean in this context?

The ‘endowment’ part means the plan is designed to ‘endow’ or provide a benefit at a specific time. This could be a lump sum payout when the policy matures, or a stream of income. It’s a way to save and grow your money for a future need, such as retirement or a major purchase.

Are these plans suitable for everyone?

These plans are great for people who want a safe way to grow their savings and get a guaranteed income stream, especially for retirement. However, they might not be the best choice if you need quick access to your money, as funds are usually locked in for a period. It’s always good to check the specific terms and conditions.

What’s the difference between a single premium plan and a regular premium plan?

The main difference is how you pay. A single premium plan requires one upfront payment. A regular premium plan involves making payments over a set period, like monthly, yearly, or for a specific number of years. Single premium plans offer immediate coverage and growth from the lump sum, while regular premium plans spread out the cost over time.

Can I get my money back if I need it urgently?

Most single premium endowment plans allow for early withdrawal, but there might be penalties or a loss of some guaranteed benefits. It’s important to understand the surrender value and any fees associated with taking your money out before the planned maturity date. Some plans offer more flexibility than others.