Have you saved enough for your child's educational future?

Do you know how much a University education will cost?

Most Singaporean parents aren't planning early enough for rapidly rising University costs

Preoccupied with other educational priorities, many responsible Singaporean parents fail to plan early enough for University and are running the risk of financial stress when their child reaches college age.

Our Singapore educational system requires intense preparation and 100% focus. For anxious parents of PSLE-aged children, there's no time or energy left for anything else, much less something as far away as college!

Sadly, the longer you wait, the harder it gets. Higher education is getting more and more expensive every year. By procrastinating, we expose ourselves and our child to unnecessary stress.

"Mom, do you have to sacrifice your retirement to put me through Uni?"

"Dad, can you pay for me to study overseas if it unlocks my dream career?"

These are questions we don't want them to ask. Since they've studied so hard all these years, your child deserves the financial security of knowing you can comfortably pay for their higher education and see them through to graduation!

We know some teens are forced to work part-time to supplement their parents' income... But if we, as devoted parents, can save up consistently, perhaps we can prevent that from happening to our own kids.

After all, we want the very best for them, and we cannot afford to take risks with our child's education!

Here's the good news. 

No matter how late you may be, there's an Education Savings Plan for you!

University fees are going up by 5% every year!

Over the past decade, the cost of university tuition fees have risen by 4.63% every year*!

In Singapore, university tuition fees now cost $35,000 to $175,000 as of 2023. However this doesn't include any other costs so we have to factor those in.

An overseas degree is far more costly, up to $480,000 per child including living expenses!

And since fee inflation shows no signs of moderating, university is just going to get more and more expensive!

To stay ahead of university fee inflation, your education savings must provide more than 5% returns per year.

* (Source: educationdata.org, 2022)

A Traded Endowment Portfolio is your ideal Education Savings Plan!

Unlike most other savings plans, traded endowments offer flexible maturity dates, higher returns and a low-cost approach that's fully transparent, legally compliant and proven by hundreds of Singaporean families.

Also known as Resale Endowment Policies (REPS), investing in Traded Endowments brings you several benefits!

Blue-chip issuers

Singapore institutions governed by MAS and insured under the Policy Owners' Protection (PPF) Scheme!

Returns up to 7%

Annualised returns up to 7% are better than new endowment plans, fixed deposits or Treasury bills!

Shorter time to maturity

Your choice of short duration plans that mature in 3 to 6 years or even less!

Low distribution costs

Save on hefty front-loaded commissions which are paid on 'brand new' endowment plans!

No health check

No health questionnaire or checks are required when you purchase traded endowments!

No maximum age

Buy with confidence without a restrictive maximum entry age to limit your investment!

You can check out all our Resale Endowment Plans 'live' in our REPS List now!

... or scroll down to learn more!

What Are Traded Endowments?

Traded endowments policies, or second hand endowments, are in-force insurance policies procured from individual policy holders who do not wish to continue with their policies.

After ensuring that they're free from encumbrance, TES makes these policies available to sophisticated buyers in Singapore.

Traded endowment policy from TES are free from front-loaded distribution costs (i.e., agency fees), which are a hefty expense embedded in newly issued policies. 

When you invest in a policy from TES, you become the legal owner and beneficiary of the original endowment policy and will receive the full cash value from the insurer once the policy matures or the insured person passes away.

Depending on the remaining tenure of the policy you purchase, annualised returns are healthy, as high as 7% per year.

How do Traded Endowment Plans from TES compare with more traditional Education Savings Plans?

Traded Endowment Plans provide much higher returns per year than 'new' education policies.

Compare the table below with annual returns from traded endowments. Securing a higher return on your savings means you could have significantly more cash available for your child when University arrives.


Aviva MyEduPlan

AXA Early Saver Plus

Manulife Educate

NTUC Income VivoChild

TokioMarine Kidstart

Returns (IRR)






Source: MoneyOwl.

A carefully curated portfolio of Traded Endowment plans is one of the best ways to save for your child's education while staying ahead of rising inflation!

Why Traded Endowments in Singapore?

  1. 1
    Buying traded endowment policies instead of purchasing a new insurance policy has been used by sophisticated investors to preserve wealth for many years.
  2. 2
    The life and endowment policies you buy over are underwritten by leading Singapore insurance companies which are governed by the Monetary Authority of Singapore
  3. 3
    Buying traded endowments requires no active monitoring of market movements, no technical analysis and no advanced financial knowledge. There are also no entry requirements for buyers.

Wonderful Opportunity - Can't Thank You Enough!

"When I first came across traded endowments, I was quite curious as to see if it was really an alternative to fixed deposits.

After spending many hours studying the materials from TES and the MAS website, as well as speaking to officers from AIA and Prudential, I felt confident to proceed with a small traded endowment investment with a very short tenure (6 months to maturity).

I've just received the full payout from the insurer and in less than one year the returns are much higher than expected and with such low risk! Just writing in to say, thanks Shawn and team for the opportunity, as you can see I've taken up another 5 resale policies from you."

Thank you so much for sharing this wonderful opportunity, I can't thank you enough. God bless!

Mdm Wang Ping-En
Singaporean, 55

Here's Why Singaporean Investors Love Traded Endowments

No health check or questionnaire

No maximum age limit

Highly levels of compliance

Hassle-free process

Excellent capital preservation

Tax-free returns

Higher returns than buying new policy

Shorter time to maturity

Do You Care For Extra Passive Income?

“Delighted to get the extra returns and several thousand dollars of extra passive income!"

"I was doing research on Singapore savings bonds when I stumbled on traded endowments. After speaking to Shawn I felt confident to purchase 3 of these traded endowment policies as he carefully helped me select policies suitable for my needs. I'm delighted to get the extra percentage returns which amounts to several thousand dollars of extra passive income each year. Highly recommended!"

Rebecca Lim Hui-En
- Singaporean, 46

How Do Traded Endowments Work in Singapore?

Buy Traded Endowment Policies in Singapore

Who is TES?

TES is Singapore's #1 specialist in Traded Endowment Policies, respected for honesty, professionalism and transparency. Our team has over 40 years of experience in the financial industry and we're proud to have the largest list of AAA-grade traded endowments available on the market.

Our Leadership

Chan Wan Hong TES Capital
Chan Wan Hong

Executive Director, TES Capital Investments Pte Ltd

After more than 2 decades as an auditor, investment banker and CFO, I find great joy in assessing financial instruments for sophisticated investors. I believe that wealth can be multiplied by investing wisely, managing risk and working with trusted partners.

Wan Hong is a Chartered Financial Analyst (CFA®), an alumni of Columbia Business School and Lincoln University and previously a Certified Practising Accountant (CPA). He has more than 20 years of experience in the finance industry including 10 years as an investment banker in top global investment banks where he specialised in Corporate Finance, as well as 10 years as the Chief Financial Officer (CFO) of a large Indonesian conglomerate.

Shawn Moh from TES Capital Investments Pte Ltd
Shawn Moh

Chief Operating Officer, TES Capital Investments Pte Ltd

After more than 20 years as an investor in Singapore, I still continue to find my greatest joy in unearthing investment gems and sharing uncommon opportunities with fellow investors from all walks of life.

Shawn spent over a decade in ExxonMobil before applying his expertise to financial engineering and private investments. He applies his wealth of experience to help investors find superior returns and meet their retirement goals.

TES In The News

TES was featured on Channel NewsAsia (CNA), Channel 5 and other media platforms in Singapore for helping Singaporeans during the Covid-19 pandemic

Traded Endowments Channel 5 Singapore

Channel 5

TES Singapore featured on Channel News Asia

Channel News Asia

TES Singapore featured on Yahoo! Finance

Yahoo! Finance

Trusted by Knowledgeable Investors in Singapore

"All paperwork was done officially... I felt confident!" 

"Thanks a lot for sharing this opportunity. I've been a bond investor for many years and a firm believer in risk avoidance. To be honest I have never heard of this company but after carefully checking out the reputation of TES I felt confident to look at the policies they had available at the time (Sep 2019).

I have been holding bonds of financial institutions and after research I realised that buying endowment policies is actually slightly safer as the policies themselves are guaranteed by the insurers. So I took over two traded endowment policies and one life policy from TES. All paperwork was done officially with the insurance company and I'm really happy to have found this good alternative to add to my bond portfolio."

Frederick Sim
- Singapore PR, 58

Trusted by Responsible Parents in Singapore

“Perfect for my son's university in 7 years time!"

"God willing, my son should be entering to university in seven years time and I could not find a insurance savings with short expiry. It's lucky I found about TES from my boss, after I spoke to Mr Shawn I felt comfortable as he was very patient and gave me some good advice. Now I have bought a 7 years endowment plan for my son. I do recommend this for those who find buying new policies restrictive and inflexible, and I have only good things to say about TES. It was not just a pleasure but a joy to be helped by Shawn."

Sharifah Azlan
- Singaporean, 41

Frequently Asked Questions

What are traded endowment policies?

Where to buy traded endowment policies in Singapore?

Who is TES?

How do you acquire the policies you have on hand?

How will a policy I buy be transferred to me?

What is an Absolute Assignment?

How to do an Absolute Assignment in Singapore?

Can I transfer the policy to another party in future?

How will I pay for the policy I’m taking over?

What if there are policy nominations or beneficiaries?

How about the death benefits of the policy?

What happens when the policy matures?

What happens if I pass away?

Are you licensed by MAS?

What Does The Monetary Authority of Singapore Say about Traded Endowments?

The Monetary Authority of Singapore (MAS) acknowledges the existence of Traded Life Policies (TLP) and Traded Endowment Policies (TEP) as investments and states that it does not regulate the activity of trading in such products. No special license is required by distributors of Traded Endowments

Start planning for higher education now

with a Traded Endowment Portfolio
to remove uncertainty and risk from your child's educational future!

There are currently no MAS administered regulations which govern the sale, purchase and distribution of Traded Endowment Policies and Traded Whole Life Policies. TES Capital Investments Pte Ltd is therefore not required to be licensed, approved, registered or otherwise regulated by the Monetary Authority of Singapore or any other applicable regulator in Singapore. Our company does not hold itself out as being licensed, approved, registered or otherwise regulated in respect to any of our activities. This advertisement has not been reviewed by the Monetary Authority of Singapore.