Etiqa Enrich Retirement Review
The complete Pros and Cons on Etiqa Enrich retirement
Etiqa Enrich Retirement allows you to enjoy your desired lifestyle by providing you a lump sum maturity benefit, in addition to your monthly retirement income.
Etiqa Enrich Retirement product details
- Life policy – Endowment and Saving policy
- Pay premiums for 2, 5 or 10 years
- Receive monthly retirement income consisting of guaranteed and non-guaranteed payout for 10 or 20 years.
- Choose from level or inflated payout.
- Receive a lump sum payout of S$10,000 should you be diagnosed with Alzheimer’s Disease or Severe Dementia, Idiopathic Parkinson’s Disease, or osteoporosis with fractures for the first time. A maximum of 2 claims can be made under this benefit.
- Your capital is guaranteed once you reach your selected retirement age.
Read about: Endowment and Saving policy: How does it work?
Read about: Endowment and Saving policy: Is it the best option?
Features of Etiqa Enrich retirement at a glance
Cash and Cash Withdrawal Benefits
Cash value: Yes
Cash withdrawal benefits: Yes
Health and Insurance Coverage
Death: No
Total Permanent Disability: No
Terminal Illness: No
Critical Illness: No
Early Critical Illness: No
Health and Insurance Coverage Multiplier
Death: No
Total Permanent Disability: No
Terminal Illness: No
Critical Illness: No
Early Critical Illness: No
Optional Add-on Riders
N.A.
Additional Features and Benefits
Yes.
For further information and details, refer to Etiqa website. Alternatively, fill-up the form below and let us advise accordingly.
Read about: Effects of compounding returns on your saving
Read about: Where do I start with financial planning
Etiqa Enrich retirement may be suitable if you are looking for
Etiqa Enrich retirement may potentially be a good fit if the following matters to you:
- A hassle-free application without medical underwriting
- Medium-term endowment savings plan
- To potentially generate higher financial returns compared to bank accounts
- To save regularly over a period of time
Etiqa Enrich rewards may not be suitable if you are looking for
Etiqa Enrich retirement may potentially be a bad fit if the following matters to you:
- Liquidity or flexibility of withdrawal in your Insurance policy.
- Health and Protection coverage
- High insurance coverage for Death
- Insurance coverage for Terminal Illness, Early Critical Illness, Critical Illness, or Total Permanent Disability
- Lifetime regular cash payout
- Potentially higher financial returns compared to a pure investment product.
- Insurance policy with a high surrender value in the early years of the policy.
Read About: How can I accumulate a million dollar (Realistically)
Further considerations on Etiqa Enrich retirement
- How is Etiqa or Etiqa Enrich retirement investment returns based on historical performance?
- How does Etiqa Enrich retirement compare with Endowment policy from other insurance companies?
- Can Etiqa Enrich retirement fulfill my financial, insurance, health, and protection needs?
The above information may not fully highlight all the product details and features on Etiqa Enrich retirement . Talk to us or seek advice from a financial adviser before making any decision about Etiqa Enrich retirement .
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.
Read about: How can I accumulate a million dollar (Realistically)
Read About: 3 best Savings plans and endowment policies in Singapore (updated Jan 2020)
Where can I compare the payout and benefits of saving plans and endowment policies?
Before committing to an insurance policy, it certainly pays to make an effort to compare. Specific product features, benefits, and payouts will differ more than you think across insurance companies. Why regret only years later, when you find out that you are not getting the best insurance policy available for the premium paid?
Use our Compare NOW feature to receive the most competitive quotes on saving plans and endowment policies.
Alternatively, you just need to provide us with a couple of details below.
Is Etiqa Enrich retirement suitable for me?
Contact InterestGuru using the form below. Our panel of licensed financial advisers will advise accordingly, based on your financial profile and protection needs.
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