Have you heard of this investment plan?
What is your opinion? I have the intention of signing up one.
what are your reasons for doing so ?
its an endowment plan giving u cashback frm yr 3 onwards right ?
Originally posted by maxtor:what are your reasons for doing so ?
its an endowment plan giving u cashback frm yr 3 onwards right ?
Yes.
I am buying it as a form of savings plan.
ok... my view is as long as u do something with ur savings, its a good option. so i'd support you on that. you can also put the $1000 back to earn higher interest if im not mistaken. And it offers higher rates than bank's interest rates.
Just note that the protection/insurance component is not terribly high so you'd be quite short on coverage. U might want to ask your advisor on the insurance part. It's important to get insurance coverage b4 u're 30 because after that insurance charges just keep going up.
Originally posted by maxtor:
ok... my view is as long as u do something with ur savings, its a good option. so i'd support you on that. you can also put the $1000 back to earn higher interest if im not mistaken. And it offers higher rates than bank's interest rates.
Just note that the protection/insurance component is not terribly high so you'd be quite short on coverage. U might want to ask your advisor on the insurance part. It's important to get insurance coverage b4 u're 30 because after that insurance charges just keep going up.
Yeap. I'm aware that the insurance coverage is not as high as a life insurance or a term plan. I am planning to purchase prushield for coverage which uses medisave to pay the premiums.