Posb securegrow

[wealthybunny]

Hi!
What do u guys think of posb securegrow?
Is it worth it?

Or any better products that r similar? Single premium... Mature in ard 5 yrs time...

 

[endlssorrow]

$20k?????
11.5%???

 

[Motherliquor.P]

I have not seen such a short policy. What are the underlying products involved?

 

[SpinFire]

It's just an endowment investing in Aviva's Participating Fund, look at the fine print at the bottom of the webpage. The bank just repackaged and renamed it for distribution.

From website:
Projected Maturity Bonus up to 11% of the single premium
Guaranteed Maturity Value of 101.5% of the single premium
Death coverage of 101% of the single premium

It works out to approx. 2.2% compounded annual returns over 5 years, nothing much to shout about...

 

[wahkao3]

read the stupid fine prints. the smaller they are, they more you got to read them

key word: UP TO 11%

meaning it can be 0.000000001%, it can be 0.1%, it can be 5%, it can be 10.9999999%

 

[wealthybunny]

Yea... After reading it in details... Not such a great plan. Geez

 

[dennismados]

Don't Buy Anything From The Bank......They know S..t about anything. Everything that they sell is repackage or in some way repackage.
Look at Lehman Bro......anything happen will not be their fault but money they take.
Remember Bank is here to serve US, Singaporean have been giving them too much face.

the above is just what I think.