DBS changed its Mutiplier plan

[iadpotato]

above 45 can't buy protectfirst liao lol

 

[chiokcc]

Hmmm, its the last day of the month of June, they still have not indicated that I fulfil my Insurance category .....

 

[reddevil0728]

Hmmm, its the last day of the month of June, they still have not indicated that I fulfil my Insurance category .....

when did u sign up?

 

[vsvs24]

Hmmm, its the last day of the month of June, they still have not indicated that I fulfil my Insurance category .....

Hmmm. Are you 12/12 this month ?

 

[Nanonited]

Hmmm. Are you 12/12 this month ?

For insurance, you buy a new one in the month you are 12/12 right? Or must buy when 11/12?

 

[sglandscape]

For insurance, you buy a new one in the month you are 12/12 right? Or must buy when 11/12?

But when 12/12, cause it takes one month to take effect.

 

[sglandscape]

Hmmm, its the last day of the month of June, they still have not indicated that I fulfil my Insurance category .....

When did you buy the insurance?

 

[chiokcc]

My insurance was supposed to be 12/12 in June last month, already bought a new policy in June itself for the "re-set" ... I have a feeling was that the endowment I bought was for 1 year, and since the policy has ended, it fail to register the 12th month ..... What DBS number to call to get it sorted out?

 

[reddevil0728]

My insurance was supposed to be 12/12 in June last month, already bought a new policy in June itself for the "re-set" ... I have a feeling was that the endowment I bought was for 1 year, and since the policy has ended, it fail to register the 12th month ..... What DBS number to call to get it sorted out?

Ah yea ended that’s why.

I mean DBS website no phone number meh? Just use that number?

 

[vsvs24]

My insurance was supposed to be 12/12 in June last month, already bought a new policy in June itself for the "re-set" ... I have a feeling was that the endowment I bought was for 1 year, and since the policy has ended, it fail to register the 12th month ..... What DBS number to call to get it sorted out?

This was discussed earlier. The one yr endowment matured before 16 Jun right ? Call to appeal. Someone reported they got it after appealing.

• The recognition of the monthly premium (i.e. Annualised premium/12) starts on the 16th of the following month after policy inception. It will continue on every 16th of the month for 12 consecutive months as long as policy is in force. (click on https://www.dbs.com.sg/personal/dep...roduct-savvyendowment-textlink-usp-multiplier, navigate to FAQ & Eligible Transactions then insurance and expand that)

If bought before 15 Apr 2024, policy already mature before 15 Apr 2025.

Insurance recognized on 16 Apr 2025 but policy no longer in force.

I had similar problem with my endowment. I call in and cso say the maturing mth / payout month won't be counted for multiplier no matter it's before or after the 16th of the month.

However, i appealed. The kind cso managed to fight for it. The interest was given to me the following month.

 

[chiokcc]

I have written in to appeal ..... my previous endowment plans were all longer than 1 year, so this is the first time I kena this situation .... should have "re-set" back in May ....

 

[ericcsn]

I have written in to appeal ..... my previous endowment plans were all longer than 1 year, so this is the first time I kena this situation .... should have "re-set" back in May ....

For those above 45 i didnt see any good short term endowment plans. maybe a new tranche will be released?

 

[chiokcc]

For those above 45 i didnt see any good short term endowment plans. maybe a new tranche will be released?

I usually take whatever is on offer at the point in time when I require a "re-set" for the Insurance category .... just buy the minimum amount .... I use to buy those term insurance, but thought endowment is a better option personally .... but everyone's has their own opinion ....

 

[sglandscape]

I usually take whatever is on offer at the point in time when I require a "re-set" for the Insurance category .... just buy the minimum amount .... I use to buy those term insurance, but thought endowment is a better option personally .... but everyone's has their own opinion ....

In the same camp as you, prefer to get endowment because it earns interest + offer protection. The other insurance the coverage is so minimal it's not useful personally.

 

[chiokcc]

Unless you can get Protect First, but I am pass that qualifying age ....

 

[sglandscape]

Unless you can get Protect First, but I am pass that qualifying age ....

Need to be a young person, but am no longer young

 

[happy_bear]

With OCBC 360 nerfed , can I say that for salary credit accounts - DBS multiplier with insurance ( can get a full guaranteed one like manulife Savvy ) -2.1% coupled with posb Saye (3.5% -incremental savings) is the best bet now?

 

[reddevil0728]

With OCBC 360 nerfed , can I say that for salary credit accounts - DBS multiplier with insurance ( can get a full guaranteed one like manulife Savvy ) -2.1% coupled with posb Saye (3.5% -incremental savings) is the best bet now?

can have both multiplier and SAYE?

 

[happy_bear]

Can stack

https://www.posb.com.sg/personal/deposits/bank-earn/salary-work

Not forgetting got sg 60 $300 bonus for salary switching now .

 

[peppermint7]

For those above 45 i didnt see any good short term endowment plans. maybe a new tranche will be released?

I'm looking also. No more manulife savvy. Not sure what to buy..

Anyone can suggest the cheapest plan to get by? Just to fulfil the Invest portion