Friday 9 October 2020


With interest rates dropping, many are not sure where to put their money to make it work. Well, look no further because PolicyPal, a digital insurance broker licensed by MAS has launched GIGANTIC by Etiqa on it's mobile app and judging by the product name, you know it's gonna be something big! 

What is it?

GIGANTIQ is a single premium, yearly renewable, non-participating universal life plan denominated in Singapore dollars. It offers the financial flexibility, opportunity for wealth accumulation and the assurance of life insurance coverage through providing death benefit.

This is an insurance savings plan offering 2% p.a.* returns on up to $10,000, for a limited time only. 2% p.a.* is definitely attractive and especially in a climate that we are in. With people holding on to more cash nowadays due to the situations, 2% per annum is really a good deal.

*Guaranteed 1% p.a. + 1% p.a. bonus for first policy year, available on a first come, first served basis.

Like to earn more?

Besides the 2% p.a. that is being offered, you can build it up by purchasing GIGANTIC from PolicyPal, where you can earn up to 8% p.a. in PolicyPal credits if you refer friends and/or buy additional policies through them. 

Table below shows how you can build up the interest that you earn, as you can refer 20 friends or buy additional policies and get another 4% p.a. 

Policy features

No lock-in period

This is great as it means you can top up and withdraw* whenever you need/want to, and this provides so much flexibility as your money is not locked up and knowing that you can use the money in the short term if needed to.

*Terms apply depending on whether it is a partial or full withdrawal.

Capital guaranteed

GIGANTIC is not a bank account or fixed deposit, it is an insurance savings plan that earns a crediting interest rate. It is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic which means your capital is guaranteed.

Life protection

As it is an insurance plan, it means that GIGANTIC also provides life protection coverage whereby there is a death benefit of 105% of your Account Value.

Sounds good and you have extra cash laying around? Click here for a referral link to sign up!

*To read up more and for the FAQs

*Article contains referral links

No comments:

Post a Comment