Great Eastern's 3-year 2.05% endowment plan

[pgem]

http://www.businesstimes.com.sg/con...urce=Facebook&xtor=CS1-3#link_time=1505891769

Is this endowment worth getting? Heard from a friend that people queuing up to buy at the bank? Not sure true or not.

 

[limster]

http://www.businesstimes.com.sg/con...urce=Facebook&xtor=CS1-3#link_time=1505891769

Is this endowment worth getting? Heard from a friend that people queuing up to buy at the bank? Not sure true or not.

OCBC borrowing money from you at 2.05%, good deal for them as well.

Previously i took a 7 year plan with Income for 2.75% with similar protection, by the time my policy matured, interests rates had gone to 0%.... so the policy is also a bet on interest rates.

 

[limpoop]

http://www.businesstimes.com.sg/con...urce=Facebook&xtor=CS1-3#link_time=1505891769

Is this endowment worth getting? Heard from a friend that people queuing up to buy at the bank? Not sure true or not.

If you can't find anything better that 2.05% pa this is a good one to earn something for 3 years!

I also consider to buy using my SRS!

 

[Perisher]

Ya, this one not a bad deal. Especially if not investing.
SSB offers something similar, with the flexibility of pro-rated interest if taken out early.

 

[Ruth Elise]

Ya, this one not a bad deal. Especially if not investing.
SSB offers something similar, with the flexibility of pro-rated interest if taken out early.

But SSB one is more like hold on to 10 years better right? Cause most interest is at the back.

If 3 years, then this plan seems quite reasonable.

 

[hwarzoner]

Heard that it is ending soon?

 

[zumaba]

Can use SRS fund to buy, or must be cash?

 

[daxiong88]

Can use SRS fund to buy, or must be cash?

Can.

10chars

 

[parallelyy]

But SSB one is more like hold on to 10 years better right? Cause most interest is at the back.

If 3 years, then this plan seems quite reasonable.

For SSB, it is not exactly more interest at the back few years.

More accurately, it pays annual interests based on how long you've hold the bonds based on the annualised rates presented

 

[Perisher]

For SSB, it is not exactly more interest at the back few years.

More accurately, it pays annual interests based on how long you've hold the bonds based on the annualised rates presented

It is more interest at the end...

 

[ggmount]

pardon me.How to buy ah?

 

[Perisher]

pardon me.How to buy ah?

GE or ssb? GE think need to ask GE agent, not sure their site has or not, ssb just go ssb site. All instructions are there.

 

[pilates]

Call your Ge agent or go OCBC to check it out.
You must have existing GE policy though.

pardon me.How to buy ah?

 

[dkstar15]

GE or ssb? GE think need to ask GE agent, not sure their site has or not, ssb just go ssb site. All instructions are there.

GE I got mine thru OCBC branch. Existing policies include DPS. Note that it's an endowment so there is penalty for early termination before 3yrs.

 

[Perisher]

GE I got mine thru OCBC branch. Existing policies include DPS. Note that it's an endowment so there is penalty for early termination before 3yrs.

Which is why prefer SSB, pro-rated interest, can take out anytime, no penalty.. though earlier stage, lower interest. But if determined to put 3 years, can try GE. At least guaranteed.

 

[pilates]

Just bought mine today.

For those who haven't committed, GE is ending it early. Tomorrow to be specific.

Ps. I am not an agent.

 

[SBC]

Can charge into any credit card ?

 

[beautyseek]

Want to get but i no GE policy. Can i wwalk in to ocbc branch this morning and get it over counter?

 

[hoanna0309]

Just bought mine today.

For those who haven't committed, GE is ending it early. Tomorrow to be specific.

Ps. I am not an agent.

Hi
Did your agent tell you this is STRICTLY for existing GE customers? I only heard about it yesterday but not their customer so can't buy is it?

 

[pilates]

According to official reply from GE on FB.

It's possible .

" Yes, as long as a purchase of any of the following
qualifying plans with a minimum annual premium of S$200
is made.
(i) Individual life insurance or accident and health policies
(including Dependants' Protection Scheme and
ElderShield Basic/Value Plus/Comprehensive);
(ii) Flexi Maternity Cover or MaxMaternity Care;
(iii) General insurance policies (excluding single trip travel
insurance).
The qualifying plan must be in force within 30 days from
the date of issuance of GREAT205. You can head over to our website for more details. - "

Hi
Did your agent tell you this is STRICTLY for existing GE customers? I only heard about it yesterday but not their customer so can't buy is it?