Universal Life Insurance Singapore | Buy Online | Tiq by Etiqa Insurance

A first-of-its-kind whole life insurance savings plan, ELASTIQ provides protection with financial flexibility to expand your wealth without worries.


Enjoy guaranteed 2.02% p.a. for the first 3 years. Thereafter, crediting rate will be according to prevailing market rates, with your capital guaranteed


Top-up or withdraw from your account without penalty or interest claw back 90 calendar days after policy issue date


Simply purchase online with your DBS/POSB account and watch how your money starts growing

Get loyalty bonus every 3 years

Receive an additional 0.3% of the average monthly Account value for the past 36 Policy months as a loyalty bonus every 3 years if no withdrawal has been made before

How it works:

  • 1


    Get ELASTIQ, apply with an initial premium of S$5,000 – S$50,000

    You start earning interest from Day 1 at 2.02% p.a.

    Stay protected with death benefit at 106.8% of Account value

  • 91


    Manage your finances

    You are welcome to manage your policy via TiqConnect, our customer portal after 90 calendar days. A service fee would apply if your average daily Account value for the policy month falls below S$5,000.

    Actions you may take:

    Withdrawals: Minimum $500 and in increments of $500 per withdrawal, with no penalty or interest clawback.

    Top-ups: Minimum $500 and in increments of $500 per top-up, up to the maximum amount of $200,000 contribution (single premium & all top-ups) per policy.

    Monthly Recurring Savings: You can set a consistent monthly top-up from a minimum of $500 per recurring top-up request, in increments of $500

  • 4


    Receive Loyalty Bonus

    An illustrated bonus of 0.3% of the average monthly Account value for the past 36 Policy months will be given every 3 years, if no withdrawal has been made before.

    Earn interests on a monthly basis, with full capital guaranteed.

    You may view monthly crediting rates via your TiqConnect account.

How ELASTIQ can your money be?

Payment mode
Saving amount


Enter an amount between 5,000 to 50,000, in multiples of 1,000
Crediting interest rate(%)
Policy Year Account Value (SGD) Interest (p.a.) Interest Earned (SGD) Loyalty Bonus Top Up Withdraw

At the end of Policy Year 10

Your Earnings: S$
Your Account Value: S$
Death Benefit: S$

The illustrations show the projected returns you can receive at annual crediting rates of 0%, 2.02% and 3%, including the non-guaranteed loyalty bonuses of 0.3% of the average monthly Account value for the past 36 Policy months and any S$5 monthly service fee deducted in the event the average daily Account value for the policy month falls below S$5,000. It is assumed that ad-hoc top-up(s) or withdrawal(s) happens in middle of the year.

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.

Before applying


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

Proof of Address

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

Debit/Credit Card Payment

Pay via a DBS/POSB bank account only

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

What is ELASTIQ?
ELASTIQ is a single premium, non-participating universal life plan denominated in SG dollars. It matures on the policy anniversary immediately before you reach 100 years old. It offers the financial flexibility, opportunity for wealth accumulation and the assurance of life insurance coverage through providing death benefit.
What is a universal life plan?
Universal life plan is a whole life insurance that offers flexibility in the amount and timing of premium payments. This plan pays a death benefit and allow build-up of cash value through offering interest crediting rate. Our universal life plan offers a guaranteed minimum interest crediting rate.
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 www.etiqa.com.sg to start a live chat with us.

Brochures and Documents

Product Summary - ELASTIQ

General Provisions Contract – ELASTIQ


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Important notes:

This product is underwritten by Etiqa Insurance Pte. Ltd and covered under PPF 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.

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.

Buying a life insurance policy is a long-term commitment. Early termination of the policy usually involves high costs and the surrender value (if any) may be less than the total premium paid. Information is correct as at 23 November 2018.