Best Endowment Plan in Singapore?

Recently a friend asked me if I know of any good endowment plan in Singapore.

My advice is simple:

Consider the endoment plan only if the guaranteed yield is > 2.16%.

Why?

Typically, the principal amount contributed to endowment policies is not guaranteed.

Singapore SAvings Bond (SSB) gives a guaranteed yield of 2.16% p.a. (based on NOV 2017 issue) if held for full 10 years. If you decide to redeem your savings bond early, you will still receive a lower return. Isn't that great?

In a nutshell, SSB simply offers better and safer returns to some endowment plans.