FWD Save Smart Series 9 is a short‑term savings insurance plan that provides coverage while letting you grow your money at a guaranteed 1.6% per annum, payable when the plan matures after 2 years. I consider FWD Save Smart Series 9 as an endowment plan. Do you know what are endowment plans?
Endowment plans are life insurance saving plans offered by insurance companies. The aim is to help policyholders save towards specific financial goals. Policy holders can contribute a regular amount for a designated period of time or pay a lump sum upfront at the start of the policy. Endowment plans usually provides financial protection against death and total and permanent disability until the end of the policy term. Upon maturity of the policy, you will be given a lump sum payout with the guaranteed return. It is best to study the plan carefully as certain endowment plans offers non-guaranteed returns.
The objective of endowment plan is to provide stable returns together with insurance protection. In this case, FWD Save Smart Series 9 offers you 1.60% per annum guaranteed return upon maturity in 2 years. The minimum payment is S$10,000 up to a maximum of S$200,000 per policy.
Capital Guaranteed at Maturity
Your capital is 100% guaranteed when your FWD Save Smart Series 9 plan matures. Taking a single premium of S$10,000 as an example, if you decide to accumulate the 1st year payout, the total payout you will receive after 2 years is S$10,323.
Guaranteed Death Benefit
FWD Save Smart Series 9 is an endowment plan. Thus, it provides financial protection against death. As you can see from the policy illustration, for a premium of S$10,000 paid, the death benefit guaranteed by FWD Save Smart Series 9 is S$10,500. You can refer to FWD Save Smart Series 9 full policy illustration.
FWD Save Smart Series 9 versus Singapore Savings Bond (SBAPR26)
Below is the interest per year for SSB SBAPR26. If you sell SBAPR26 after 2 years, the average return per year is 1.36% per annum. The higher return of 1.6% per annum offered by FWD Save Smart Series 9 makes it more attractive as compared to Singapore Savings Bond.
| Year from issue date | Interest % | Average return per year % |
| 1 | 1.36 | 1.36 |
| 2 | 1.36 | 1.36 |
Needless to say, Singapore Savings Bond offers a higher return than Great SP Series offered in August 2025.
My Thoughts on FWD Save Smart Series 9 Endowment Plan
The higher returns offered by FWD Save Smart Series 9 beats Singapore Savings Bond and most fixed deposit promotions. If you wanted an investment product that have death benefit, then FWD Save Smart Series 9 can be a viable option that you can consider. If you are still keen, you can either buy it directly from FWD’s website.
Disclaimer: This is NOT a sponsored post, and the opinions are solely based on My Sweet Retirement’s opinion.