Great eastern 25 years flexi endowment plan

[Kitaro9202]

Hi recently i just sign up this plan but it for 25years

I kinda of want to cancel off this plan

Isit a good idea to do so?

As 25 years later down the road idk what is going to happen

They told me if one year put 3k is able to get back 1k

Need some advice

My 14 days just over in 3 days ago

If i cancel will i get my money back?

 

[IAmZTX]

Hi recently i just sign up this plan but it for 25years

I kinda of want to cancel off this plan

Isit a good idea to do so?

As 25 years later down the road idk what is going to happen

They told me if one year put 3k is able to get back 1k

Need some advice

My 14 days just over in 3 days ago

If i cancel will i get my money back?

Suggest you go try other instrument better. See the "guaranteed" and "projected" returns. The only policy u buy from insurance company are term life insurance and health insurance. Other than that, ask them fk off.

Usually this kind of saving is for those people who have no financial knowledge. If you do, there are always other ways to save money and on top of that. You have FULL control over it.

For your info, there are different types of instruments such as bonds, stocks.. E.g. POSB Invest Saver.

Check out this link written by one of the member here:

http://investwizar.blogspot.sg/2015/09/why-you-should-not-buy-endowment-plan.html

 

[Kitaro9202]

Suggest you go try other instrument better. See the "guaranteed" and "projected" returns. The only policy u buy from insurance company are term life insurance and health insurance. Other than that, ask them fk off.

Usually this kind of saving is for those people who have no financial knowledge. If you do, there are always other ways to save money and on top of that. You have FULL control over it.

For your info, there are different types of instruments such as bonds, stocks.. E.g. POSB Invest Saver.

Check out this link written by one of the member here:

http://investwizar.blogspot.sg/2015/09/why-you-should-not-buy-endowment-plan.html

I so gong gong sign the plan kind-of regret but do i able to get my 2 months payment back？

 

[IAmZTX]

I so gong gong sign the plan kind-of regret but do i able to get my 2 months payment back？

check the surrender value.. most likely no..

 

[Steyr69]

25 years is very long.......n many things can happen......
Please dun fall into the trap. CANCEL THIS PLAN!

Sent from Asus ME173X using GAGT

 

[Steyr69]

I so gong gong sign the plan kind-of regret but do i able to get my 2 months payment back？

Free look period over.....most likely cannot recover back....
2 months how much you pay?
Make small loss now rather than big loss later on.

Sent from Asus ME173X using GAGT

 

[blurpandasg2014]

U can write in to request refund.

 

[SBC]

Recall the reasons why you need a saving plan.

There are other forced-saving methods.

 

[Fuishere]

Hi recently i just sign up this plan but it for 25years

I kinda of want to cancel off this plan

Isit a good idea to do so?

As 25 years later down the road idk what is going to happen

They told me if one year put 3k is able to get back 1k

Need some advice

My 14 days just over in 3 days ago

If i cancel will i get my money back?

Depending on when you get your policy document, the free look can start from when you get it, not just from the day you sign

 

[henrylbh]

I so gong gong sign the plan kind-of regret but do i able to get my 2 months payment back？

Very unlikely to get back your 2 months premium.

For 25 years, might as well put into CPF SA to get tax relief as well as return of 4% that will definitely beat the insurance maturity amount and with less risk of government up lorry than insurance company during the period, unless your are more concerned with insurance than returns.

 

[Mecisteus]

Hi recently i just sign up this plan but it for 25years

I kinda of want to cancel off this plan

Isit a good idea to do so?

As 25 years later down the road idk what is going to happen

They told me if one year put 3k is able to get back 1k

Need some advice

My 14 days just over in 3 days ago

If i cancel will i get my money back?

Your 1k is effectively the money you paid in the previous years with minimal interests.

Cut now or lose more money in the future.

 

[Darkzi0n]

If u wan to cancel the policy, don't think about how much u alr put in. The money u paid is alr a sunk cost. Many ppl make the mistake of basing their decision on something they can't change.

 

[akwl88]

Regret less now or regret big later?

You decide.

 

[Shion]

If it is not capital guaranteed at maturity, then don't bother

They told me if one year put 3k is able to get back 1k

This amount will be deducted from your guaranteed value I believe

 

[Kitaro9202]

Free look period over.....most likely cannot recover back....
2 months how much you pay?
Make small loss now rather than big loss later on.

Sent from Asus ME173X using GAGT

Close to 500

 

[Kitaro9202]

25 years is very long.......n many things can happen......
Please dun fall into the trap. CANCEL THIS PLAN!

Sent from Asus ME173X using GAGT

That why after a period of time I like to cancel

 

[henrylbh]

That why after a period of time I like to cancel

If you think like that, default the next premium and let it lapse. Don't bother to cancel.

 

[Steyr69]

Close to 500

Can earn back easily.....just cancel n move on.
Go down face to face n tell them u want cancel.
Dun be sway by what they say.
10 years down the road, remember to thank me.......
Provided i havent go meet my maker....hehe.

Sent from Asus ME173X using GAGT

 

[SpinFire]

Close to 500

Yeah cut loss, move on and learn from mistake. Luckily you pay premiums monthly and not annually. Just stop paying the premiums or cancel the GIRO and let the policy lapse

 

[Kitaro9202]

Can earn back easily.....just cancel n move on.
Go down face to face n tell them u want cancel.
Dun be sway by what they say.
10 years down the road, remember to thank me.......
Provided i havent go meet my maker....hehe.

Sent from Asus ME173X using GAGT

Text the person keep asking not to cancel