GIGANTIQ Guaranteed Return of 2% per annum

GIGANTIC Limited Tranche

GIGANTIQ is a single premium, yearly renewable, non-participating universal life plan by Etiqa that gives you a guaranteed return of 2.0% per annum on your first S$10,000 for the first year. Any amount above S$10,000 earns you 1.0% per annum for the first year.

The insurance plan offers the financial flexibility, opportunity for wealth accumulation and the assurance of life insurance coverage through providing death benefit.

The minimum amount you need to get started is just S$50. In my opinion, GIGANTIQ is pretty much similar to Dash EasyEarn except that Dash EasyEarn is only for Dash users.

Insurance Benefits

Since this is an insurance plan, you enjoy insurance coverage in the event of Death with a death benefit of 105% of your account value.

Wondering how much interest you can earn with GIGANTIC?

Based on the minimal deposit of S$50 and 2.0% p.a., you will receive a return of S$1 for the first year.  If you can folk out S$10,000 to deposit with GIGANTIC, you will receive a return of S$200 for the first year.

GIGANTIC versus Dash EasyEarn versus Singlife Account

All the following 3 insurance plans look similar with only differences in their minimum investment amount and return rates. If you ask me, I will max out S$10,000 to earn that 2.5% returns with Singlife Account and opt for either GIGANTIC or Dash EasyEarn for any balances I have.

  GIGANTIC Dash EasyEarn Singlife Account
Lock In Period No No No
Minimum investment amount S$50 S$2,000 S$500
Return rate per annum 2.0% per annum on your first S$10,000 for the first year

1.0% for amounts above S$10,000 for the first year

 2.0% p.a. return for the first year (Guaranteed 1.5% p.a. + 0.5% p.a. bonus for first policy year, available on a first come, first served basis) 2.5% for first S$10,000
1.0% for next S$90,000

At A Glance

Here is a quick summary of what GIGANTIC offers.

GIGANTIC At A Glance

Financial Goal Progress September 2020

Long Term Financial Goal Progress for September 2020

Above is the progress of me reaching my targeted financial goal for September 2020. As you can see from the chart, the total value of my financial assets have grown by 1.49%. The main driver for the growth comes from the dividends I have collected from the stocks in my portfolio this month. Besides that will be my monthly regular contribution to the insurance savings plan and Supplementary Retirement Scheme account.

Last month, I mentioned that I have opened a Forex account. I have included my minor investment into Forex into the financial assets that I am tracking. I have made a profit of 8% upon return of investment.

The total financial assets I am currently tracking are:

  • Insurance savings (NTUC RevoSave, Singlife, Dash EasyEarn)
  • Savings accounts (POSB, OCBC, CIMB)
  • Singapore Savings Bonds
  • Current value of my stocks
  • Forex
  • Supplementary Retirement Scheme

I have collected the dividends from SPH REIT (18 August), Singtel (18 August), CapitaMall Trust (28 August), ParkwayLife REIT (2 September) and OUE Commercial REIT (11 September). I shall also be receiving the dividends payout from Manulife REIT on 25 September 2020.

In September, I have collected the following interest payout from the Singapore Savings Bonds I have bought every month over the years.

  • Sep 2017 (GX17090X)
  • Sep 2018 (GX18090T)
  • Mar 2019 (GX19030Z)
  • Sep 2019 (GX19090H)
  • Mar 2020 (GX20030Z)

I shall continue to build multiple streams of passive income.