Check my policyHome / Sell my policy / Endowment / Fully paid
A fully paid endowment is one with no premiums left to pay, either because the premium term has ended or because it was paid in one go. It costs you nothing more to keep, and it is the kind of policy buyers value most.
Last reviewed 15 October 2026
Using the illustration above.
| Keep to maturity | Surrender | Sell | |
|---|---|---|---|
| Cash now | None | S$30,000 | S$31,500, if a buyer takes it |
| Cash later | S$40,000 in 4 years, plus any bonuses | None | None |
| Premiums | None left | None | None |
| Cover until maturity | Yours | Ends | Goes to the buyer |
| Best when | You can wait for the money | No buyer beats surrender value | You need cash now and the offer beats surrender value |
If you don't need the money before maturity, keep a fully paid endowment. It costs you nothing more and usually pays the most. Sell only if you need the cash now and a written offer beats your net surrender value.
Need some cash but want to keep the policy? A policy loan, or withdrawing cash benefits left with the insurer, may be enough. Ways to get cash from a policy
The buyer pays you once and waits. No premiums means no risk of the price being eaten up by payments still to come.
With no premiums left, the value turns mainly on the maturity value and the years to maturity. How we value a policy
A limited-pay endowment whose premium term has ended is fully paid, even if maturity is years away.
Usually, yes, compared with a similar policy that still has premiums due. Whether an offer beats your surrender value still depends on the years to maturity.
On a participating policy that is fully paid, bonuses can continue to be declared while the policy is in force. A policy made paid-up early is different. Paid-up policies
Often, through a policy loan or by withdrawing cash benefits you left with the insurer. Policy loan or surrender
Yes. A single premium endowment has no premiums left after the first payment.
If we would buy your fully paid endowment, our offer sits beside your net surrender value. No NRIC, no obligation.