Etiqa Insurance launches Tiq CashSaver: A simple solution for short- to medium-term savings

Tiq CashSaver by Etiqa Insurance offers flexible, accessible endowment plans to build one's financial security and achieve short-term goals.

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Etiqa Insurance Singapore, a prominent life and general insurer, proudly presents Tiq CashSaver, a capital-guaranteed at maturity endowment plan. Designed to meet the financial needs of young families and working adults, it offers comprehensive protection and the flexibility to adapt to evolving financial landscapes. Available online through Tiq by Etiqa, this plan encourages regular saving for short to medium term goals.

Addressing financial challenges

With living costs and inflation rates soaring up to 4.8%, saving money has become increasingly difficult. According to Etiqa’s 2023 Financial Fitness Survey, which polled 1,000 Millennials and Gen Zs, only 41% of respondents consistently save monthly. High living expenses and personal indulgences often deter many from prioritising savings.

According to the Basic Financial Planning Guide developed by the Monetary Authority of Singapore (MAS) and MoneySense, one should invest at least 10% of their take-home pay.