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 |