Summary: Endowment plans, insurance-based savings policies with guaranteed returns, are gaining popularity as a passive income option due to declining interest rates. They offer a capital guarantee and insurance protection, making them a safer alternative to fixed deposits and T-bills. However, they come with longer lock-in periods and lower liquidity, so investors should consider their specific needs and risk tolerance before choosing.

Link: https://growbeansprout.com/endowment-plans-singapore-guide