DBS changed its Mutiplier plan

[spearhawk]

What is the minimum number of years for the ManuProtect Decreasing Lite since it is decreasing coverage?

For sharing.

 

[spearhawk]

Any idea if can sign up for ManuProtect Decreasing Lite online?
Or only can go to the branch in person?

Need to go branch. Can't do online as you need to do a financial profiling first...

 

[foozgarden]

For sharing.

what is your age?

 

[WoShiPro]

U guys are signing insurance products to hit the 2nd or 3rd category?

Wondering at which level then is worth to sign up insurance products?

I can hit 2% interest with saving + credit card + investment not sure if the extra 0.2% is worth to sign up a cheap insurance plan?

 

[Shiro MS08th]

what is your age?

$12 per month! Seems like the lowest I’ve seen now on this thread. Looking to get this too.

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[FreshGradDays]

U guys are signing insurance products to hit the 2nd or 3rd category?

Wondering at which level then is worth to sign up insurance products?

I can hit 2% interest with saving + credit card + investment not sure if the extra 0.2% is worth to sign up a cheap insurance plan?

Not worth it unless you are in the >$20k eligible spend interest bracket

Posted from PCWX using WTS Qoo10 gift cards on Carousell

 

[endlssorrow]

U guys sign the bonds ladder liao?

 

[IronMan123]

U guys sign the bonds ladder liao?

Maybe start from this month. Buy $500 minimum.

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[spearhawk]

$12 per month! Seems like the lowest I’ve seen now on this thread. Looking to get this too.

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Saw someone paid $10 per month only.

i got mine at ~$10/month.
manuprotect term decreasing lite (cheapest i can get as per their quotes to me)

and yes, only eligible for 12 months but no need to think so far since they probably will change their terms again in one years time.

 

[spearhawk]

U guys are signing insurance products to hit the 2nd or 3rd category?

Wondering at which level then is worth to sign up insurance products?

I can hit 2% interest with saving + credit card + investment not sure if the extra 0.2% is worth to sign up a cheap insurance plan?

Compare the interest that your other funds outside DBS multiplier are earning now and see the delta between putting there and in DBS multiplier.

For me, UOB One is 2.44% while additional category for above 50k in DBS multiplier is 3.8%. Additional $56 interest monthly easily cover the insurance premium.

 

[madtari]

Wha... many of you here all so easy to hit 30k tier?

Compare the interest that your other funds outside DBS multiplier are earning now and see the delta between putting there and in DBS multiplier.

For me, UOB One is 2.44% while additional category for above 50k in DBS multiplier is 3.8%. Additional $56 interest monthly easily cover the insurance premium.

 

[foozgarden]

Should be $158 extra on the 50k monthly right?
3.8%/12 x 50k

Compare the interest that your other funds outside DBS multiplier are earning now and see the delta between putting there and in DBS multiplier.

For me, UOB One is 2.44% while additional category for above 50k in DBS multiplier is 3.8%. Additional $56 interest monthly easily cover the insurance premium.

 

[spearhawk]

Should be $158 extra on the 50k monthly right?
3.8%/12 x 50k

Delta from UOB 2.44%, so 3.8%-2.44% x 50k /12.

 

[fairylord]

U guys are signing insurance products to hit the 2nd or 3rd category?

Wondering at which level then is worth to sign up insurance products?

I can hit 2% interest with saving + credit card + investment not sure if the extra 0.2% is worth to sign up a cheap insurance plan?

If u have 60k, so 0.2% gain covers your monthly $10 premium, free insurance oh..

 

[iduncheckmail]

Not really free , opportunity cost from not putting funds to work elsewhere

 

[greatpacificpatch]

used to have the investments part working with ES3 and ABF purchase, but seems need to switch funds in order to continue its effect. Anyone know whether this need to go down to the branch or can do online? It means can't buy ES3 anymore?

what do you mean by switching funds to continue? you mean ES3 and ABF don't count towards the investment part anymore?

 

[oleyAeon]

Saw someone paid $10 per month only.

We can all agree that we took manuprotect decreasing lite plan with 150k coverage. Mine is also 10 year term, 8 years premium term with 1% decreasing loan rate used. Somehow our premium quoted range from $10-$15. Not sure what other factors are there.. u will only know when u ask for the quote urself at the branch.

 

[Trazora]

what do you mean by switching funds to continue? you mean ES3 and ABF don't count towards the investment part anymore?

Each count for 12 months

 

[foozgarden]

We can all agree that we took manuprotect decreasing lite plan with 150k coverage. Mine is also 10 year term, 8 years premium term with 1% decreasing loan rate used. Somehow our premium quoted range from $10-$15. Not sure what other factors are there.. u will only know when u ask for the quote urself at the branch.

i guess it dep in the age of the person?

 

[spearhawk]

We can all agree that we took manuprotect decreasing lite plan with 150k coverage. Mine is also 10 year term, 8 years premium term with 1% decreasing loan rate used. Somehow our premium quoted range from $10-$15. Not sure what other factors are there.. u will only know when u ask for the quote urself at the branch.

i guess it dep in the age of the person?

Should depend on age, sex and if you are a smoker or not.