Endownment plan vs SSB

[Lewis.T]

Yeah this one is crap. Dunno why so different from the other one that gives 3.99%

Plans that offer the option of cashback/withdrawals have lower interest.

 

[smart_alex]

Is all AIA endowment plan have insurance coverage and have cashback

I try to ask my aia agent is there a similar policy like GE one

- collect lump sum after 25 years
- pay premium spread out for 25 years
- no need to withdraw anything within this 25 years


but my AIA friend keep telling me what smartreward have the option to withdraw cash from second years onward , my other AIA friend tell me another plan then can pay 12 year premium then can withdraw certain amount of cashback each years after 65

and all the interest they gave me is not impressive, the guarantee amount portion is also quite suck is not what I want.

I was disappointed, AIA par fund look promising

is there no simple saving plan in AIA?

 

[tangent314]

At this point I would say you should just open a DollarDex or Poems account and RSP into the unit trust "Lion Global All Seasons (Standard)". You can withdraw anytime you like without any fees or penalties. On average you can expect this to beat the insurance savings plan, but there's no guaranteed amount and your principle is not guaranteed.

If you really want a savings plan from an insurer which is regular premium no cashback and lump sum maturity, you can look into PruSave. For 25 years I'm not sure if the guaranteed maturity value is higher than premium paid, but for 30 years I believe it is.

Actually, if guaranteed returns is more important to you than expected returns, then government bonds is really what you should be looking for.

 

[LexusIS]

At this point I would say you should just open a DollarDex or Poems account and RSP into the unit trust "Lion Global All Seasons (Standard)". You can withdraw anytime you like without any fees or penalties. On average you can expect this to beat the insurance savings plan, but there's no guaranteed amount and your principle is not guaranteed.

If you really want a savings plan from an insurer which is regular premium no cashback and lump sum maturity, you can look into PruSave. For 25 years I'm not sure if the guaranteed maturity value is higher than premium paid, but for 30 years I believe it is.

Actually, if guaranteed returns is more important to you than expected returns, then government bonds is really what you should be looking for.

Ah sounds good

 

[smart alex]

At this point I would say you should just open a DollarDex or Poems account and RSP into the unit trust "Lion Global All Seasons (Standard)". You can withdraw anytime you like without any fees or penalties. On average you can expect this to beat the insurance savings plan, but there's no guaranteed amount and your principle is not guaranteed.

If you really want a savings plan from an insurer which is regular premium no cashback and lump sum maturity, you can look into PruSave. For 25 years I'm not sure if the guaranteed maturity value is higher than premium paid, but for 30 years I believe it is.

Actually, if guaranteed returns is more important to you than expected returns, then government bonds is really what you should be looking for.

I think now no more PruSave

it is call PruWealth