Being a parent is one of the most joyful experiences. From the moment you set your eyes on your baby, you can’t stop thinking of ways to bring a smile on their face. You want to create a secure path for their future, emotionally, and financially.
In fact, your child’s education is perhaps one of your top priorities and you’d spend every dime to give quality education to them.
But with today’s high cost of living, it can be difficult to manage all your expenses with a single income source. You need to plan your finances well enough to fulfil your children’s desires as they grow. This is where an endowment plan comes into picture.
An endowment policy lets you save money on a regular basis so your kid’s financial requirements are taken care of. It also offers life coverage and better returns on investment.
Now, a plethora of endowment plans are available for you, but how do you choose the best plan?
How To Choose The Best Endowment Plan
Before you buy an endowment plan, it’s important to consider a number of factors.
To begin with, check for a plan that offers flexibility, additional riders/benefits, hassle-free application and enhanced coverage (due to illness/death).
You should also check for the type of endowment plan, premium duration, the returns on investment, payout age options and cash benefits offered by the endowment policy.
Best Endowment Plan: Top 5 Picks From Singapore
It can be quite a challenge to choose the best endowment plan from the endless options in the market. To help you decide the most suitable one for your needs, here is a list of the top 5 endowment plans in Singapore that can be your reliable financial support when you most need it:
Aviva MyEduPlan Review

Why it’s Great
Look up to Aviva MyEduPlan for planning your child’s safe and secure tertiary education. It guarantees payouts to cover your child’s university education for four consecutive years, starting from 19 or 21 years of age.
You also get two added cash benefits with 5% of the assured sum as each payout amount, which can be used for study-related expenses like overseas campus visit or laptop purchase.
With its hassle-free application process, flexible payout options, additional cash benefits and good internal rate of return, it serves as one of the best endowment plans in Singapore.
Features We Love:
- 4 guaranteed payouts for university education (from age 19 or 21), 100% capital sum, maximum entry age – 11 years
- 2.77-3.68% Internal Rate of Return
- Projected bonuses at the policy-term end
- 10 years premium duration (yearly, half-yearly, quarterly or monthly payable)
- 2 added cash benefits (payable 2 years before the payout age) with 5% of the assured sum as each payout amount
- Hassle-free application (no medical check-ups)
- Get a full sum payout of 5x annual premiums with the EasyTerm rider plan
Gro Junior Saver (NTUC Income) Review
Why it’s Great
Buy Gro Junior Saver endowment plan and let it take care of your little prince/princess’s education at every stage. It offers immense benefits for your child’s secure future, with 100% of the assured sum paid to you at the end of the term.
Its guaranteed cash benefits can be used for education expenses or saved at an interest rate of up to 3.5% per annum. Furthermore, you can add the Enhanced Payor Premium Waiver to your plan to waive off premium payments in case of your unfortunate death, total permanent disability (before 70 years) or a dreadful disease.
Features We Love:
- 100% capital sum, 3 guaranteed payouts (from 2 years before the policy’s maturity), maximum entry age – 11 years
- 1.67-3.91% Internal Rate of Return
- Premium duration – 5, 10 years up to the age 20/22
- Bonuses in case of death or your child’s permanent disability
- 2 additional payouts at 7, 12, 16 and 18 years of age
- $100 daily cash benefit per admission for 30 days in case of food poisoning, hand-foot-mouth disease or dengue
Tokio Marine Kidstart Review
Why it’s Great
If you’re looking for funds for your child’s tertiary education and also an insurance coverage for him/her, then Tokio Marine Kidstart is the perfect endowment plan for you.
You receive 3 guaranteed funds that will increase progressively (40, 45 and 50 percent of the assured sum) over the policy’s last 3 years.
In addition to assisting you financially amidst the increasing study fees and inflation, it provides sibling cover, premium waiver in the event of leukaemia, autism and severe asthma, premium waiver in case of critical illness of the parents and a life insurance protection in case of the child’s total permanent disability or death.
Features We Love:
- 3 guaranteed payouts (from 2 years before the policy’s maturity) and progressively increasing funds over the policy’s last 3 years, maximum entry age – 8 years
- 1.59-4.08% Internal Rate of Return
- A participating endowment plan, premium duration – 5, 10, 15 years
- Policy terms available till the age of 20, 21, 22 or 23
- 2 privileges upon policy maturity – 1. You have an option to buy a new endowment policy or lifelong regular premium and 2. Get a graduation benefit containing any accumulated bonuses
Manulife Educate Review
Why it’s Great
Manulife Educate is one of the best endowment plans in Singapore that offers flexible payout age (18 or 20) and child coverage on death and terminal illness.
It offers 4 yearly cash benefits from your chosen payout age and 2 yearly cash benefits before your chosen payout age.
You may use the payout cash for your child’s education expenses or further save the money for future. Additionally, you can buy Cancer Care Premium Waiver Rider and Payor Premium Waiver Rider for enhanced protection.
Features We Love:
- 4 guaranteed payouts (from age 18 or 20), 100% capital sum, maximum entry age – 8 years
- 10 years premium duration
- 2.64-3.69% Internal Rate of Return
- 2 additional payouts at age 16 and 17 years
- Easy application (no health check-ups)
AXA Early Saver Plus Review

Why it’s Great
Offering guaranteed cash payouts, flexible savings period, hassle-free application and coverage against terminal illness, death, and total and permanent disability, this policy makes a great endowment plan for securing your child’s future.
You also get added payouts for coverage on outpatient medical expenses and an option to reinvest your payouts and get an accumulated benefit upon maturity. Its incomparable benefits make it totally worth the buy.
Features We Love:
- Guaranteed cash payouts in the policy’s last 2 years (upon maturity), maximum entry age – 0 to 60 years
- Additional payouts for coverage on outpatient medical expenses, enhanced benefit rider included
- 1.57% return per annum, protection coverage at a minimum of 101% of the total invested premiums
- A participating endowment plan
- Flexible savings period – payment term from 5 to 10 years, policy term from 10 to 25 years (based on your chosen payment term)
- Hassle-free application (no health check-ups), guaranteed insurance upon application
Plan and buy a suitable endowment plan well in advance and steer clear of worries about your child’s secure future.