Ntuc grocapital is back

S

sohguanh

Supremacy Member
Joined
Jul 10, 2010
Messages
9,449
Reaction score
3,200
3.38% 3 years compounded work out to be about 3.5% each year after end of three years. Better than Singlife recent same 3 years.
 
CaptainWu

CaptainWu

Senior Member
Joined
May 18, 2019
Messages
1,188
Reaction score
233
sohguanh said:
3.38% 3 years compounded work out to be about 3.5% each year after end of three years. Better than Singlife recent same 3 years.
Click to expand...
Not sure if I missed that, is there an illustrations for this is in fact compounding for the 3 years?
 
C

ctan84

Banned
Joined
Nov 14, 2017
Messages
8,773
Reaction score
4,990
CaptainWu said:
Not sure if I missed that, is there an illustrations for this is in fact compounding for the 3 years?
Click to expand...
The guaranteed maturity benefit is 110.49%, which works out to be 3.49XXX% a year. To get this figure, it has to be compounded over the 3 years.
 
S

sglandscape

Supremacy Member
HWZ Insider
Joined
Jan 30, 2023
Messages
6,123
Reaction score
2,959
  • Enjoy a guaranteed maturity benefit of 110.49%[1] of the single premium after 3 years.
  • Guaranteed acceptance regardless of your health condition.
  • Enjoy a guaranteed yield at maturity of 3.38% p.a.[2] at the end of the policy term.

10000 * (1.0338)^3 = 11048.65
Yes it appears to be compounded

If its not compounded it'll be
10000 * (1+0.0338 * 3) = 11014

Hope it clarifies for those who are wondering.
 
You must log in or register to reply here.
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ Forums. Forum members and moderators are responsible for their own posts. Please refer to our Community Guidelines and Standards and Terms and Conditions for more information.
Top