Life Insurance Savings Plan Singapore - SAVE3 |

Pump up your savings with SAVE3, insurance savings plan.

High Crediting Rates

Enjoy guaranteed 3% crediting rate for the first 6 years. Thereafter, crediting rate will be according to prevailing market rates, with your capital guaranteed from end of policy year 4 if no partial withdrawals has been made before.

Short Premium Term

2 years or a lump sum premium payment. Enjoy 3% off your first year premium amount for lump sum premium payment.

Loyalty Bonus Every 6 Years

Full lump sum withdrawal allowable at year 6 at guaranteed yield of 2.87% (without lump sum premium payment) and 2.89% (lump sum premium payment)

At a Glance

About the Product
Non-participating life insurance savings plan in SGD covering the life insured to age 100. Choose to deposit between $10,000 to $200,000 yearly for 2 years
Immediate Online Approval
Available to 17-75 Age Next Birthday
Death Benefit
At 101% of Account Value
Loyalty Bonus
A non-guaranteed Loyalty Bonus, equivalent to 0.6% of the Account Value will be paid at the end of year 6 and at every 6 policy year interval as long as no partial withdrawal has been made before
Free Partial Withdrawal Benefit*
During the first 6 years from Policy issue date, you may perform partial withdrawal(s) without any partial withdrawal charge under certain circumstances

How it works

The illustration above is based on the current crediting rate of 3.00% p.a. and charges prevailing at the date of this illustration.
Based on the assumption where the illustration for first 6 years have taken into account the fixed and guaranteed crediting rate of 3.00% p.a. and for the subsequent years will be guaranteed at 0.00% p.a, End of Year 6 Account Value without loyalty bonus = $116,950, End of Year 7 Account Value after a partial withdrawal of $10K mid of the year = $106,950, End of Year 10 Account Value = $106,950. The actual crediting rate applicable to your policy may be different to those shown in the illustrations, which are purely illustrative. The actual rates may be higher or lower depending on future investment performance.

The information is for illustration purposes only and is without regard to the specific objectives, financial situation and needs of any particular person who may view it.

Fees and Charges Premium Charge – 1.2% of first-year premium

Surrender / Partial Withdrawal Charge (applicable for first 6 years, % of amount withdrawn from Account Value)
Year 1: 80%; Year 2: 70%; Year 3: 10%; Year 4: 5%; Year 5: 4.2%; Year 6: 0.1%

Before Applying


Verify via Myinfo or Snap photos of your NRIC/FIN Pass

Proof of Address

For non-Singaporean only. Submit a copy of your proof of address (from bills or statements)

Online Payment

Pay via a DBS/POSB bank account only.
It is recommended to pay via a bank account that matches the name of the policyholder.

You are recommended to read the Product Summary, Policy Illustration and Policy contract for the exact terms and conditions, specific details and exclusions applicable to this insurance product.

If in doubt, you may seek financial advice or contact Etiqa for more information before making a commitment to purchase the product. In the event you choose not to seek advice, you should consider whether the product is suitable.

Frequently Asked Questions

Who should I contact if I have further questions?
Our Customer Care team will be happy to take your questions during operating hours from Mondays to Fridays, 8.30 am to 5.30 pm. You may also contact us through WhatsApp at +65 8677 8780 or visit our website at to start a live chat with us.
Where is my premium invested?
Your premiums are invested mostly in bonds. Investment return is affected by bond performance like actual profit / loss realization in addition to policyholder’s behaviour like withdrawal, surrender, etc.
Who can buy this plan?
You can purchase this plan for yourself if you fulfill the following criteria:

1) You are a Singapore Resident with a valid NRIC or FIN; or

2) You are foreigner but you must be holding a valid Work Permit, Employment pass or Social pass. (For any changes in your Pass, Permit or Visit Programme after purchasing, please write in to our Customer Care Team at to notify us.)

3) You are between age 17 to 75 (age next birthday).

If you have more questions on this product, you may wish to contact our customer care or drop us a message here for us to call you back.

Brochures and Documents

SAVE3 General Provisions

SAVE3 Product Summary


What Our Customers Think

Are you an existing customer? Others want to see what you have to say.

Write a Review

I'm definitely a fan!

Important notes:

This product’s availability is based on a first-come-first-served basis and Etiqa Insurance reserve the right to close the tranche at any time without prior notice

*Free Partial Withdrawal Benefit


During the first 6 years from Policy issue, you may perform partial withdrawal(s) without any partial withdrawal charge under the following circumstances:​


If You or Your spouse is certified by a Doctor to: be physically or mentally incapacitated from ever continuing in any employment; have a severely impaired life expectancy; lack capacity within the meaning of Section 4 of the Mental Capacity Act (MCA) and the lack of capacity is likely to be permanent; or be diagnosed with Terminal illness.


You can exercise this benefit subject to the following conditions: Any of the above-specified events has to occur after the Policy issue date or latest Reinstatement date; The maximum partial withdrawal amount is the lower of S$50,000 or 50% of the total Regular premiums paid (not including Premiums paid in advance); and This benefit can only be exercised once throughout the policy term.

This policy is underwritten by Etiqa Insurance Pte. Ltd.​

This content is for reference only and is not a contract of insurance. Full details of the policy terms and conditions can be found in the policy contract. The information contained on this product advertisement is intended to be valid in Singapore only and shall not be construed as an offer to sell or solicitation to buy or provision of any insurance product outside Singapore.​

As buying a life insurance policy is a long-term commitment, an early termination of the policy usually involves high costs and the surrender value, if any, that is payable to you may be zero or less than the total premiums paid.​

This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association (LIA) or SDIC websites ( or​

Information is accurate as at 28 March 2019. This advertisement has not been reviewed by the Monetary Authority of Singapore.​