Good day to everyone here!


I am sure that an endowment works better with instruments like ILP, investment and insurance bundled up together when it comes to saving with certainty. There are guaranteed return for Endowments plans. Whereas, people who take my ILP is basically getting themselves a life plan to cover for death, total permanent disability, critical illness and early critical protector. It is affordable for people who are of younger age but it can be very costly for people who are already closing to their retirement. The investment portion of ilp is just to use the concept of dollar cost averaging over a long time horizon.

Endowment can be for newborns, to save up for their education fund. It can also be for children who are in their mid teenage years, parents can buy for them for their wedding funds preparation. It can also be for working adult to save up for their retirement. The power of compounding interest works amazingly!

Therefore I still think that endowment plans are a better option for those who Are seeking certainty. And ILP are more suitable for people whose risk appetite is adverse.

People who push ILP PLans are basically going after the high first year commision, but never really understand what the client needs.

I am a consultant from AIA SIngapore. Please PM me if you are looking for an endowment plans at no obligations. I am more than happy to answer to your queries.

Cheers