Singapore Best Single Premium Endowment Plans 2026

April 29, 2026

Planning for the future is a big deal, right? Especially when it comes to making sure your money is working for you. Single premium endowment plans can be a good way to put a lump sum away and have it grow over time. We’ve looked at some of the top options available in Singapore for 2026 to help you figure out what might be a good fit for your financial goals. It’s always a good idea to check out different plans, including those from NTUC Income, to see what works best.

Key Takeaways

Single premium endowment plans allow you to invest a lump sum for potential growth over time.
These plans can offer a way to save for long-term financial objectives.
Considering options from various providers, including NTUC Income, is recommended.
It’s important to understand the terms, conditions, and potential returns of each plan.
Comparing features like premium payment, policy term, and payout options is key to making an informed decision.

1. Singlife with Aviva MyLifeIncome III

When you’re thinking about securing a steady income stream for the future, the Singlife with Aviva MyLifeIncome III plan is definitely one to look into. It’s designed to provide you with guaranteed life income, which is a pretty big deal when you’re planning for the long haul. This plan aims to give you a predictable financial cushion for your retirement years.

Here’s a quick rundown of what it offers:

Guaranteed Annual Income: You can receive up to 5.6% of your Sum Assured each year. This is made up of a guaranteed cash benefit plus a cash bonus.
Principal Guarantee: Your initial investment is 100% guaranteed, meaning you won’t lose your principal amount.
Protection: It includes coverage for death and terminal illness.
Easy Application: There’s a guaranteed issuance option, so no medical check-ups or questionnaires are needed.

This plan also gives you some flexibility. You can choose to pay a single premium or opt for regular premium payment terms. Plus, you can even use your Supplementary Retirement Scheme (SRS) funds to supplement your premiums. It’s a way to potentially supplement your retirement income without having to worry too much about market fluctuations. You can also explore options for selling your Singlife/Aviva insurance plan if you ever need immediate cash instead of surrendering it.

The structure of this plan allows for a combination of guaranteed payouts and potential bonuses, offering a balance between security and growth. It’s a way to build a reliable income stream that can last.

It’s worth noting that the plan has different accumulation period options, and you can choose when you want your yearly income to start. This flexibility means you can tailor the plan to your specific retirement timeline. You can find more details about various life insurance products like this in official registers.

2. AIA Retirement Saver (III)

When you’re thinking about retirement, having a solid plan in place is pretty important. The AIA Retirement Saver (III) is one option that pops up for people looking at single premium endowment plans. It’s designed to give you a steady income stream later on, and you can choose when you want that income to start and for how long you want it to last.

This plan lets you pay your premium all at once, which can be convenient if you have a lump sum available. You can also choose to use funds from your Supplementary Retirement Scheme (SRS) account, which offers tax benefits. The flexibility in choosing your retirement age and payout period is a key feature here.

Here’s a quick look at some of the options you might find:

Retirement Age Options: You can typically choose to start receiving your payouts at ages 50, 55, 60, 65, or even 70.
Payout Period: You can usually select a payout duration of either 15 or 20 years.
Maturity Benefit: On top of the regular income, there’s often a potential lump sum payout when the policy matures.

It’s worth comparing how different payout options might work out. For instance, a 15-year payout starting at age 65 could look different from a 20-year payout. The plan aims to provide both guaranteed and non-guaranteed income, so it’s good to understand the potential range of returns. You can explore how AIA’s platform might help with your financial planning needs here.

When considering any single premium plan, it’s important to look at the total payout over the chosen period and compare it against the initial premium. Also, think about whether the potential for non-guaranteed bonuses aligns with your comfort level for risk.

Using your SRS funds for plans like this can be a smart move for retirement savings, as it allows your investments to grow without immediate taxes. You can find out more about SRS accounts and how they work here.

3. NTUC Income GroRetire Wise

NTUC Income GroRetire Wise is a single premium endowment plan designed to help you build up your retirement fund. It’s a straightforward way to put a lump sum to work for your future, letting the insurer manage the growth of your capital.

One of the key features of GroRetire Wise is its flexibility in choosing when you want to start receiving your retirement income. You can opt to begin payouts at ages 55, 60, 62, or 65. Additionally, you can decide on the payout duration, with options for 20 years. This allows you to tailor the plan to your specific retirement timeline and needs.

Here’s a look at some of its features:

Single Premium Payment: You make a one-time payment, simplifying your financial planning.
Retirement Age Options: Choose when you want to start receiving income (e.g., 55, 60, 65).
Payout Duration: Select a payout period of 20 years.
Cash or SRS: You can fund the plan using either cash or your Supplementary Retirement Scheme (SRS) funds, which offers potential tax benefits.

This plan offers a way to convert your lump sum into a stream of income during your retirement years. It’s a way to ensure you have funds available when you stop working.

While the plan doesn’t offer a lump sum payout at maturity like some other options, it focuses on providing a steady income stream. This makes it a solid choice for those prioritizing regular income over a single large payout in their later years. It’s a good option if you’re looking for a predictable income source to supplement your retirement planning needs.

4. NTUC Income Luxe Solitaire

NTUC Income’s Luxe Solitaire is a single premium endowment plan that aims to provide a steady stream of income, with a notable feature being its relatively quick payout timeline. This plan is designed for individuals looking for a shorter breakeven period compared to some other legacy endowment options.

One of the key selling points of the Luxe Solitaire is its payout schedule. It’s often highlighted as having one of the fastest payout timings in the market, typically starting from the third year. This can be appealing if you’re looking to see returns on your single premium investment sooner rather than later.

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

Early Income Payout: The plan is known for initiating income payouts as early as the third year. This is a significant advantage for those who want their investment to start generating returns quickly.
Wealth Accumulation: Beyond the income payouts, the plan is structured to allow for continued wealth accumulation over the long term.
Flexibility: While it’s a single premium plan, it offers options for how you want to receive your payouts, catering to different financial needs.

When comparing it to other plans, like Singlife with Aviva’s MyLifeIncome III, the Luxe Solitaire often comes out ahead in terms of the speed at which your guaranteed value surpasses the total premiums paid. This means your initial investment is protected and starts growing within a shorter timeframe.

It’s important to remember that while the Luxe Solitaire offers a faster payout, the overall returns and benefits should be weighed against your personal financial goals and risk tolerance. Understanding the specific terms, conditions, and any non-guaranteed components is key to making an informed decision about whether this plan fits your long-term savings strategy. For those interested in exploring investment options with a single premium, plans like WealthLink offer a different approach with a wide range of fund selections.

5. NTUC Income Gro Cash Plus

NTUC Income Gro Cash Plus is a single premium endowment plan that aims to provide a steady stream of income while also growing your capital over time. It’s designed for individuals looking for a straightforward way to save and earn returns with a lump sum investment.

This plan offers yearly cash benefits, which can be a nice boost to your finances. These payouts are typically a percentage of the sum assured, allowing you to enjoy some returns while your principal continues to grow. The flexibility in how these cash benefits are managed, whether taken out or reinvested, adds to its appeal.

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

Yearly Cash Benefits: Receive regular payouts that can supplement your income.
Capital Growth: The plan is structured to grow your initial lump sum investment over the policy term.
Maturity Payout: At the end of the policy term, you receive the accumulated value, which includes your principal and any bonuses.

It’s worth noting that while the plan offers guaranteed cash benefits, there are also non-guaranteed bonuses that can further enhance your returns. These bonuses depend on the performance of the insurer’s participating fund. For those seeking a predictable way to save a lump sum and receive regular income, the NTUC Income Gro Cash Plus is a contender worth considering for your financial planning.

The NTUC Income Gro Cash Plus is a good option if you have a lump sum to invest and want a plan that provides both regular income and potential capital appreciation. It’s a way to make your savings work harder for you without the complexity of managing multiple investments.

6. Singlife Flexi Life Income II

Singlife Flexi Life Income II is a plan that aims to provide you with a steady stream of income over your lifetime. It’s designed for wealth accumulation, meaning your money grows over time, and then you start receiving payouts. One of the standout features is its flexibility, allowing you to choose when you want your income to begin.

This plan offers a guaranteed principal, which is a big plus for those who are a bit cautious about market fluctuations. You can also opt for different premium payment terms, from a single lump sum to several years, depending on what fits your financial situation best. The yearly income can be up to 5.20% of your sum assured, and you have the option to reinvest these payouts if you don’t need the cash immediately. This reinvestment can help your wealth grow even further.

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

Premium Payment Flexibility: Choose between a single premium or payment terms of 3, 5, 10, 15, 20, or 25 years.
Yearly Income: Receive guaranteed and non-guaranteed cash benefits, potentially up to 5.20% of your sum assured.
Capital Guarantee: Your principal is protected, especially after the accumulation period or once income payouts begin.
Flexibility in Payouts: You can choose when to start receiving your income, offering control over your financial timeline.
Death Benefit: The principal is guaranteed even in the event of death.

The plan is designed to offer a balance between growing your wealth and providing a reliable income stream. It’s particularly noted for its ability to break even relatively quickly, sometimes within 5 years, which is quite competitive in the market. This makes it an attractive option for those looking for a shorter path to recouping their initial investment while still benefiting from long-term payouts. You can explore more about its break-even period.

Singlife Flexi Life Income II also allows for the inclusion of riders to add extra layers of protection or benefits. This means you can tailor the plan further to meet specific needs, whether it’s for retirement, covering future expenses, or simply building a more robust financial safety net. The ability to reinvest payouts adds another layer of compounding growth, potentially increasing the total returns over the long term. It’s a plan that tries to give you control over your financial future, offering a way to build and then draw from your savings over a lifetime. For those seeking a capital-guaranteed savings plan with lifetime income, this is definitely one to consider.

7. Manulife ReadyBuilder (II)

Manulife ReadyBuilder (II) is a plan that often gets mentioned when people talk about endowment plans in Singapore. It’s designed to offer a good mix of flexibility and potential returns, aiming to be a solid choice for long-term savings.

One of the standout features is its policy term, which can extend all the way to age 120. This means it’s built to last a lifetime. You also get to choose how you want to pay for it. If you have a lump sum available, a single premium payment is an option. Alternatively, you can opt for regular premium payments over 5, 10, 15, or 20 years, which might be easier on the budget.

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

Premium Payment Flexibility: Choose between a single lump sum payment or spread it out over 5, 10, 15, or 20 years.
Long-Term Coverage: The policy can last up to age 120, providing lifelong coverage.
Capital Guarantee: Your capital is protected at the end of 15 years, offering some peace of mind.
Withdrawal Options: You can withdraw bonuses or make partial surrenders, giving you access to funds if needed.
Retrenchment Benefit: If you’re unemployed for 30 consecutive days, you can receive 50% of your annual premiums back.
Premium Freeze: The option to pause premium payments for a year, up to two times, can be helpful during tight financial periods.

Historically, the plan has shown some strong performance. For instance, over the 15 years from 2009 to 2023, it achieved a return of 4.89%. Shorter-term performances have also been notable, with 3, 5, and 10-year returns at 1.33%, 4.80%, and 4.17% respectively. This kind of performance can be attractive for those looking for medium-term stability. However, it’s worth noting that the average Total Expense Ratio (TER) has been around 3.63% over the past 8 years, which is higher than the industry average. This means the actual returns you see might be a bit lower than the gross figures suggest.

Coverage includes standard benefits like death, total and permanent disability, and terminal illness. You can also add riders to enhance protection, such as waiving premiums if certain events occur. The ability to change the life assured is also a feature that can be useful for legacy planning.

Manulife ReadyBuilder (II) is often seen as a plan that offers a good balance between flexibility and potential growth. While its expense ratio is on the higher side, the plan’s features, historical returns, and adaptability make it a contender for many individuals looking for a savings solution. It’s a plan that seems to cater to various financial needs and life stages, making it a versatile option in the endowment plan market.

Overall, the ReadyBuilder (II) is a plan that offers a lot of options. It’s not just about saving; it’s about having a plan that can adapt with you. The flexibility in premium payments and withdrawal options are significant advantages, especially when you consider the long-term nature of the policy. It’s a plan that aims to provide both security and growth over many years, making it a notable option for those planning their financial future.

8. Etiqa Enrich Flex

Etiqa’s Enrich Flex is a plan that really tries to be a bit of everything for everyone. It’s designed to grow your money over the long haul, even up to your 100th birthday, which is quite a stretch. One of the standout features is that your capital is guaranteed by the 15th year. This means that after 15 years, you know for sure you’ll get back at least what you put in, which is a nice bit of security.

This plan is pretty versatile. It can work for parents saving for their kids’ education, people planning for retirement, or even those looking to leave something behind for their family. It’s also noted for being a guaranteed issuance plan, meaning no medical check-ups are needed to get it. That can be a big plus for some people.

Here’s a quick look at how it stacks up against another option:

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

The Enrich Flex plan has a unique aspect called Secondary Life Insured (SLI). This means the plan continues to grow wealth for the secondary insured person even if the primary policyholder is no longer around. It acts as an ongoing wealth compounding instrument for them.

While you can take out your cash value, the plan really encourages you to leave it in to keep growing. It’s a solid option if you’re looking for a savings plan that offers capital guarantees and long-term growth potential. If you’re interested in exploring how endowment plans work, you can find more information on endowment plans in Singapore.

9. China Taiping i-Secure Legacy (ii)

China Taiping’s i-Secure Legacy (ii) is a whole life insurance plan designed to offer protection and build cash value over time. It’s a plan that aims to provide a safety net for your loved ones while also growing your wealth for the future. This policy offers coverage for life, meaning it stays with you from the day you get it until you pass away.

One of the key features is the flexibility in premium payment terms. You can choose to pay premiums for a set period, such as 5, 10, 15, 20, or 25 years, or opt for a single premium payment. This allows you to tailor the payment schedule to your financial situation. The plan also includes a multiplier option, where you can choose to increase your base coverage by 2X, 3X, 4X, or 5X up to a certain age, providing enhanced protection when it might be needed most.

Here’s a look at some of the coverage details:

Death Benefit: Provides a payout to your beneficiaries upon your passing.
Total and Permanent Disability (TPD): Offers financial support if you become totally and permanently disabled.
Terminal Illness (TI): Provides a payout if you are diagnosed with a terminal illness.
Critical Illness Coverage: While not standard, this can be added through riders like the EarlyCare Rider (covering 137 multi-stage conditions) or the AdvancedCare Rider (covering 55 advanced-stage critical illnesses). This offers protection against a wide range of health issues.

The i-Secure Legacy (ii) is built with long-term financial goals in mind. It accumulates cash value and potential bonuses throughout the policy’s duration. However, it’s important to note that this plan is not designed for easy or frequent cash withdrawals, as liquidity is not its primary focus. If you’re looking for a policy that offers robust protection and steady wealth accumulation over a lifetime, this could be a consideration. For those interested in retirement income streams, you might want to explore options like the China Taiping i-Retire (II) plan, which is structured differently.

When considering the China Taiping i-Secure Legacy (ii), it’s worth comparing it with other whole life policies available in the market. The plan allows for premium waivers through additional riders, which can be a significant benefit if you face unforeseen circumstances like death, TPD, or critical illness. This ensures your coverage continues even if you’re unable to make payments yourself. For a broader view of insurance options, you can look into whole life insurance plans from various providers.

10. Singlife Choice Saver

When you’re looking at endowment plans, especially those that promise guaranteed returns, the Singlife Choice Saver often comes up. It’s designed for people who really want to know what they’re getting, without too much guesswork involved. This plan is a good option if you’re saving for something specific, like a child’s education or a down payment on a house, and you need that certainty.

One of the main draws here is the guaranteed capital at maturity. This means, no matter how the market performs, you’re sure to get back at least what you put in. That’s a pretty big deal for peace of mind. The policy terms are quite flexible too, letting you choose a duration anywhere from 10 to 25 years, or even extend it all the way to age 99. Premium payment terms are also varied, giving you options like 5, 10, 12, 15, 18, 20, or 25 years. It’s all about fitting it into your financial timeline.

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

Guaranteed Capital: Your principal is protected at maturity.
Flexible Policy Terms: Choose between 10 to 25 years, or up to age 99.
Varied Premium Payment Terms: Options from 5 to 25 years.
Retrenchment Benefit: Allows for premium deferment up to 12 months if unemployed for 3 consecutive months.
Policy Loan Available: Access funds if needed.

While the guaranteed returns are a strong point, it’s worth noting that the participating fund’s historical performance hasn’t always been the highest compared to some other plans. This means that while your guaranteed portion is solid, the non-guaranteed bonuses might not be as substantial as you’d find elsewhere. The expense ratio is also something to consider, though it’s slightly below the industry average.

For those who prioritize a secure foundation for their savings and value predictability above potentially higher, but less certain, returns, the Singlife Choice Saver presents a compelling case. It’s a plan built on the promise of capital preservation, offering a reliable way to grow your money over the long term.

If you’re someone who likes to have options, the plan does allow for withdrawals if you need access to your funds. There’s also a retrenchment benefit, which is a nice safety net if you happen to lose your job. You can defer your premium payments for up to 12 months, giving you some breathing room during tough times. Plus, you can even take out a policy loan if you need quick cash. It’s good to know these options are there, even if you hope you never have to use them. If a secure, predictable savings journey is what you’re after, this plan is definitely worth a closer look as part of your overall financial planning.

Looking for a smart way to save? The Singlife Choice Saver is a great option to consider. It helps you grow your money while keeping it safe. Want to learn more about how it can work for you? Visit our website today to explore your savings possibilities!

Wrapping Up Your Search for the Best Single Premium Endowment Plan

So, we’ve looked at a few different single premium endowment plans out there. It’s clear there are options for different needs, whether you’re aiming for steady income or a lump sum down the road. Remember, the ‘best’ plan really depends on what you’re trying to achieve with your money. Take your time, compare the details, and think about your own financial goals before making a choice. It’s a big decision, but with the right information, you can find a plan that works well for you.

Frequently Asked Questions

What is a single premium endowment plan?

A single premium endowment plan is a type of insurance product where you pay a one-time lump sum payment upfront. In return, the plan offers a combination of savings and protection, typically paying out a lump sum or regular income after a set period, or even for your lifetime. It’s like a one-and-done investment with insurance benefits.

How is a single premium plan different from regular premium plans?

The main difference is how you pay. With a single premium plan, you pay everything at once. Regular premium plans require you to pay smaller amounts over a longer period, like monthly or yearly. Paying all at once often means your money starts growing sooner.

Are single premium endowment plans safe?

Many single premium endowment plans offer guaranteed principal protection, meaning you get back at least what you paid, as long as you hold the plan until its maturity. However, returns beyond the guaranteed amount might depend on the insurer’s performance and are not guaranteed. It’s wise to check the specific guarantees offered by each plan.

Can I access my money if I need it before the plan ends?

Some plans allow for early withdrawal, but there might be penalties or a lower payout if you take your money out before the agreed-upon term. It’s important to understand the terms and conditions regarding early surrender or withdrawal.

Who is a single premium endowment plan best suited for?

These plans are often good for people who have a lump sum of money available, perhaps from a bonus, inheritance, or savings, and want to grow it securely over the medium to long term. They are also suitable for those who prefer a simple, one-time payment rather than managing regular payments.

What are the benefits of using Supplementary Retirement Scheme (SRS) funds for these plans?

Using SRS funds for a single premium endowment plan can offer tax advantages. Contributions to SRS accounts are tax-deductible, which can lower your assessable income for the year. This makes your investment potentially more efficient by reducing your immediate tax burden.