Singapore, 8 August, 2017 – FWD, Singapore’s fully direct life and general insurer, has launched an industry leading Endowment Plan today. Offering 2.02% per annum, FWD’s Endowment Plan provides the highest guaranteed returns among 3-year endowment plans currently available in Singapore. Available online, the plan provides the shortest commitment period, and life protection throughout the term of the policy. The minimum investment amount of $1,000 also widens the accessibility of the product to those wishing to invest smaller amounts.
“At FWD we are pushing the boundaries of digitalisation to help more consumers better manage their savings and protection needs. We believe that Singaporeans are increasingly looking for the self-control, convenience, and 24/7 availability, that only digital insurers, such as FWD can provide,” said Abhishek Bhatia, Chief Executive Officer of FWD.
“Our Endowment Plan is the latest offering that responds to Monetary Authority of Singapore’s (MAS) new guidelines on the online distribution of life insurance products. Most Endowment Plans have been sold through financial advisers and banks, but now they can be bought conveniently online, with a few simple clicks of a button.”
He added, “By removing the intermediaries we are also able remove commissions and pass these financial benefits back to our customers. As such, our Endowment Plan provides the best guaranteed returns in Singapore.”
With the continued ideation and production of policies, FWD is able to achieve its wider goal of changing the way people feel about insurance. Through the direct-to-consumer approach, FWD is empowering its consumers when it comes to managing their financial needs with its extensive market offerings and best value plans.
FWD’s Endowment Plan comes shortly after the launch of their Term Life insurance product in May, which continues to be the only Term Life insurance product that offers a maximum coverage of up to $3 million directly online, and up to $1.5 million coverage without the need for a medical check-up.
FWD’s Endowment Plan is available online now, and while stocks last, at www.fwd.com.sg.
Key product benefits of FWD’s Endowment Plan
- Highest guaranteed returns of 2.02% per annum among 3-year endowment plans in Singapore.
- Shortest commitment period of 3 years.
- Easy entry for investors starting with a single premium of $1,000, and up to a maximum of $15,000.
- Capital is guaranteed upon the plan’s maturity.
- Available to anyone between 18 and 70 years of age.
Available online while stocks last at www.fwd.com.sg