GIGANTIQ

 

GIGANTIQ,  is  a hybrid of Saving Plan and Protection Plan  which provide a single Premium  yearly renewable non participating universal life plan  with no lock in period or penalties for early withdrawal.

What makes GIGANTIQ Stand out  from the rest of  the saving plans offered by banks in Singapore are . it has  a guaranteed returns of  1% Interest pa + additional 1% Bonus  for the First year Policy. Policy Plan starting  with lowest entry amount S$50  in the market, as well as flexibility to  top-ups and withdrawal  of your funds without any penalty .

Beside offering High saving Interest comparing conventional  fixed deposit  , and  integration of insurance Component . GIGANTIQ  offer much flexibility for subscriber who do not want to be tied up in Long-term insurance Plan.

Selling Point:  universal life plan

Universal life plan is an insurance plan 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. ( Info from Tiq)

 

How to apply Gigantiq?

• Scan and download  The App Here
• Prepare your photo  & ID
• Top Up S$50 to Activate the Policy Plan

 

 

Feature	Details
Who Can Sign Up	Currently exclusive to eligible TiqConnect  users.
Interest Rate	2% p.a. (up to first S$10,000) Where 1% p.a. guaranteed + 1% p.a. bonus for first policy year1% p.a. (above S$10,000) Guaranteed for first policy year
How GIGANTIQ  Account Value  is Calculated	The account value is calculated as the single premium paid plus;
Minimum Account daily average value to earn Interest Maximum Account Value	Min :S$50 ( Less than that Policy will be deactivated) Max :  S$200,000 in multiples of S$1.
Flexibility	No Lock in Period No  withdrawal Penalty
Minimum Withdrawal Amount  & Fees Applicable	S$0.50 for each withdrawal to a DBS/POSB account S$0.70 for each withdrawal via PayNow
Minimum Top Up	Minimum S$1 up to maximum Account Value
Life Insurance Coverage	105% of Account Value
Capital Guarantee	Cap guarantee by SDIC