turtlexpress:

There is a investment plan that gives around 5% return every year.


However since it is an investment plan, the principal is not guaranteed. However based on the fund history, it looks quite stable or I could say it is the safest among all the funds I have saw from the company.

For example, I have invested about 50k myself and the return is about 2.4K per year. This will depends on the number of fund units you are allocated to and the dividends per unit that is allocated.

The fees that you paid is one time during purchase of the fund.

I am a low risk taker but putting inside the bank is really pathetic. So decided to take a little risk and see how it goes.

There are pro and cons for any plan by any companies be it insurance or investment. It just depends on each comfort level.

Investment is pretty huge.
All investment are non guaranteed.
However there's different types of investment and fund which may fit into what you are looking at if you are low risk taker.
Example UOBam, where you will be investing in singapore bond. giving a low stable interest but still higher than bank.

Cheers!

chiaki:

I never believe in endowment. What is the returns after 10,15 years? 3%,5%?

And you get locked in for such a long period. For this returns, I might as well go for bond or preference share if I am a low risk person. And save in the commission.

The only situation that I think endowment is good is for those who don't have the habit of saving. The endowment plan will then help to force you to save a bit each month rather than you spend all away.

You are right, it's true that endowment/saving plan wasn't a good buy.
Look at the BI, you will realize that the amount of the guarantee is lower than what you had paid for the premium. Is only the non-guarantee that fetch to breakeven or earn interest. However, if this the case then you might as well put into fixed deposit.

*PS: I am not the financial advisor. But i am working in the financial line. If anyone need advise, feel free to pm me or thru this thread.