Need advice on Endowment Plan & Term..

[oceanicmanta]

14 days is calendar days ?
if so, best send email to notify them that u r cancelling, given the holiday period, or even fill up form, scan & email them, followed by original next week

Happy CNY to one and all

 

[akwl88]

14-day free look (Cooling-off period) for life, accident and health insurance products

All insurance companies grant a 14-day free look period. It starts from the date you receive your policy document. During this period, you should review your policy carefully to see if it meets your needs.

If you decide that the policy does not suit your needs and you do not want to keep it, write to the company to give them notice of your intention to cancel the policy. Written notice must be given to the company within 14 days from the date you received your policy. The company will refund all your premiums less medical and other expenses they have already incurred. If your policy is an investment-linked policy, the insurance company may, after deducting any medical expenses, reflect any change in the market value of the units the policy holds when working out how much to return to you.

http://www.moneysense.gov.sg/Understanding-Financial-Products/Insurance/Things-to-Watch-Out-for.aspx

 

[Surrealz]

Thanks all Happy CNY! Thanks for the very helpful advice.

I haven't received any policy document yet, so I think still safe.

Best cancel the endowment asap

Got 14 days free look period

Ssb is another alternative which ur agent failed to disclose

I don't think any agent will disclose the SSB...if say liao then cannot bluff people already.

 

[RolexKing88]

Capital not guaranteed? There are better plans.