GREAT SP series endowment plan in August 2025 is a short-term single premium non-participating endowment plan that provides a guaranteed returns of 1.40% per annum at the end of 2 years. The plan is offered by Great Eastern. Similar to previous tranches, the benefits of the GREAT SP endowment plan are the guaranteed return of 1.40% per annum upon maturity in 2 years, 100% capital guaranteed upon maturity and added protection against Death and Total and Permanent Disability with no medical assessment needed.
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, GREAT SP offers you 1.40% p.a. guaranteed return upon maturity in 2 years. If you are not looking for insurance protection, I suggest you take a look at other financial products such as Singapore Savings Bond, fixed deposits, digital bank savings accounts or high interest savings accounts.
GREAT SP Series Guaranteed Payout Options
GREAT SP pays a guaranteed survival benefit at the end of the 12th policy month and the 24th policy month. 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$10,282. If you decide to withdraw the survival benefit in year 1, the total payout you will receive after 2 years is S$10,280.
Great SP Series Guaranteed Death Benefit
I submitted for a quotation based on a single premium of S$10,000. As you can see from the below, the death benefit guaranteed by Great Eastern is S$10,500.
GREAT SP Series versus Singapore Savings Bond (SBSEP25)
Below is the interest per year for SSB SBSEP25 GX25090A. If you sell SBSEP25 after 2 years, the average return per year is 1.71% per annum.
| Year from issue date | Interest % | Average return per year % |
| 1 | 1.71 | 1.71 |
| 2 | 1.71 | 1.71 |
Needless to say, Singapore Savings Bond offers a higher return than Great SP Series offered in August 2025.
My Thoughts on August 2025 Tranche of Great SP Series Endowment Plan
The past tranches of Great SP endowment plan had been fantastic as the returns beat other financial products such as Singapore Savings Bond and even fixed deposits. Since the previous tranche, the returns from GREAT SP endowment plan had been lacklustre. The returns from low-risk products such as Singapore Savings Bond and GSX Digital Bank Boost Pocket can easily beat this endowment plan.
If you wanted an investment product that have death and total and permanent disability benefit, then GREAT SP can be a viable option that you can consider. I already shared earlier above the guaranteed death benefits.
If you are still keen in GREAT SP, you can either buy it directly from Great Eastern Life’s website or via OCBC Bank’s website.
Disclaimer: This is Not a sponsored post, and the opinions are solely based on My Sweet Retirement’s opinion.