Gro Capital Ease Eco


When the stock market plunges because Fed increase interest rates, where else can you invest? My answer is NTUC Income Gro Capital Ease Eco.

This is a single premium endowment plan that gives you a guaranteed maturity benefit of 105.56% after 3 years. This is based on the guaranteed yield at maturity of 1.82% p.a.

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.

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.

In this case, Gro Capital Ease Eco Plan is a single premium, non-participating life insurance savings plan offered by NTUC Income Insurance Cooperative Limited that gives you a guaranteed maturity benefit of 105.56% at the end of the 3 years.

Gro Capital Ease Eco

The minimum single premium for online purchase starts from $10,000. You may also choose to purchase through a financial advisor representative with a minimum single premium of $20,000.

Gro Capital Ease Eco Versus Best Fixed Deposit Promotion In June

Earlier this month, I just placed a 12 months fixed deposit with CIMB at a interest rate of 1.60% p.a.

If you can afford to lock away your monies for 3 years, then Gro Capital Ease Eco is a better deal given that it offers you 1.8% p.a.

Are Investments in Endowments Safe?

No investments are risk free. I will suggest you to read the policy terms and conditions carefully prior to investing in anything.

Personally, I have already bought many of the previous tranches of NTUC Income’s Endowment Plans given the company’s good reputation.

The policy is also protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC).

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