Lastest S$ Deposit updates - Part 3

xtwis7

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Even if not existing GE client also can buy. Just need to get any policy above $200/year and that will qualify you.


Just got a message from my GE agent.

just released New 3 Year Endowment... SDIC protected 100k... guaranteed capital... death protection during this 3 year period 101%... guaranteed yield 2.05% P.A. (if you choose annual yield payout)... 2.07% P.A. (if accumulate)...

not selling anything... just passing on info I receive... Very Good ? Very Bad? Not Bad?... any skeptical views? ... any violent objections? ... any better alternatives? :)

PS: must be existing GE policyholder..
 

a4973

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Even if not existing GE client also can buy. Just need to get any policy above $200/year and that will qualify you.

does this mean that non existing GE client needs to buy any GE policy above $200/year THEN can buy into the endowment policy?
 

xtwis7

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You can apply for both at the same time. As long as the any other GE policy is inforced within 30 days it's fine. So preferred policies are the personal accident plans or even general insurance like home, motor and annual travel.

does this mean that non existing GE client needs to buy any GE policy above $200/year THEN can buy into the endowment policy?
 

qhong61

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Even if not existing GE client also can buy. Just need to get any policy above $200/year and that will qualify you.
Is the 3 years single premium plan really worth buying?
Or just leave in FD and renew yearly?
Only looking at $20K.
 

xtwis7

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Do you think you'll need this sum before 3 years even if some emergency comes up? I know FD has lower returns but it does offer a bit more liquidity.

Renewing every year based on FD rates will give you around 1.4-1.5% so if you're comfortable with locking up 3 years, why renew every year?

Is the 3 years single premium plan really worth buying?
Or just leave in FD and renew yearly?
Only looking at $20K.
 

a4973

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You can apply for both at the same time. As long as the any other GE policy is inforced within 30 days it's fine. So preferred policies are the personal accident plans or even general insurance like home, motor and annual travel.

thanks for replying
i already have a Single Premium endowment plan 5 years 1.88% bought via OCBC.
would that qualify as existing GE client?
i dont see this new endowment plan on OCBC's website so wondering if it is sold ONLY thru GE?
 

xtwis7

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As far as I know, OCBC should be carrying it too but I'm not sure how they're distributing it.

I have confirmed that you will qualify as an existing GE client alr so there's no need to fulfill the other criteria. Hope this helps!

thanks for replying
i already have a Single Premium endowment plan 5 years 1.88% bought via OCBC.
would that qualify as existing GE client?
i dont see this new endowment plan on OCBC's website so wondering if it is sold ONLY thru GE?
 

tiertime

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Anyone received their $10 credited for registering for PayNow with the banks?
 

maumu

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i receive nothing from either UOB nor stand chart despite registering and sending as instructed.

beginning to feel like it was a scam. haha.
 

tiertime

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i receive nothing from either UOB nor stand chart despite registering and sending as instructed.

beginning to feel like it was a scam. haha.

me too... what a waste of effort and time.... wanted to deactivate it but decided to just leave it, coz i believe this feature will die on its own coz no one will use it if it doesnt have any good promotion
 

K202020K

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me too... what a waste of effort and time.... wanted to deactivate it but decided to just leave it, coz i believe this feature will die on its own coz no one will use it if it doesnt have any good promotion
All these are bank gimmicks to draw in more revenue. It's money first, customer second.
Usually in their terms & conditions in ultra small print they will specify the said promo is applicable only for the first 5,000 or first x,000th valid users.

Hence some people who participated later will get nothing.

Sent from Nagasaki長崎, Japan日本 using GAGT
 

mosmos

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Just got a message from my GE agent.

just released New 3 Year Endowment... SDIC protected 100k... guaranteed capital... death protection during this 3 year period 101%... guaranteed yield 2.05% P.A. (if you choose annual yield payout)... 2.07% P.A. (if accumulate)...

not selling anything... just passing on info I receive... Very Good ? Very Bad? Not Bad?... any skeptical views? ... any violent objections? ... any better alternatives? :)

PS: must be existing GE policyholder..

:s11: now SDIC guarantee insurance up to 100k? Sorry I out of touch with insurance policy these days
 

raysdad

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xtwis7

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