[sgbuffett]

Anyone heard of this? Looks worth because include insurance coverage.

Grab the opportunity to soar high in your savings with Gro Capital Ease before it's gone, because it won't be here for long!

Receive a maturity benefit of 109.21%1 at the end of the 3 years. This is an insurance savings plan which provides guaranteed return of 2.98% p.a.2 to grow your money, and at the same time, offers protection against death & total and permanent disability (TPD before age 70). What's more, no medical check-up is required!

[[[ForeverAlone]]]

SKIP ,

NTUC INCOME UNDER GOVT AKA PAP


if you want better go prudential or others.

[Gemstar]

Anyone heard of this? Looks worth because include insurance coverage.

Grab the opportunity to soar high in your savings with Gro Capital Ease before it's gone, because it won't be here for long!

Receive a maturity benefit of 109.21%1 at the end of the 3 years. This is an insurance savings plan which provides guaranteed return of 2.98% p.a.2 to grow your money, and at the same time, offers protection against death & total and permanent disability (TPD before age 70). What's more, no medical check-up is required!

Is this an endowment plan or annuity plan?

[Ahnya]

Other insurance companies also have similar policies.

[Napoleon Porlumpar]

if need money urgently and terminate after 1 year............got any interests ?

[Gstalk]

if need money urgently and terminate after 1 year............got any interests ?

No and got to pay surrender penalty

[talky]

next yr they will come out another endownment paying 3.00%

[FangFang]

3 years ? Siao,,, inflation coming and no $$$ already.

[Napoleon Porlumpar]

No and got to pay surrender penalty

wah..............got to pay penalty ah................then better try luck with S'pore Savings Bonds............

[Clyde]

Last time bought one that did not say guarantee. After about 1 or 2 years they kept sending me letters to say that due to the poor economy they are unable to achieve the targeted return. When I took back the money upon maturity, it worked out that the return was off by about 2%.

[drgn]

now t-bill is paying you 3.77%

[theold]

Long ago the guaranteed interest can change due to changes in economic conditions.

10 to 15 years change 1 time, and your returns will be lower for the rest of your life.

[sgbuffett]

now t-bill is paying you 3.77%

This one has TPD coverage.

[drgn]

This one has TPD coverage.

the higher return can buy you TPD coverage, many times that income can offer.

[[[ForeverAlone]]]

Last time bought one that did not say guarantee. After about 1 or 2 years they kept sending me letters to say that due to the poor economy they are unable to achieve the targeted return. When I took back the money upon maturity, it worked out that the return was off by about 2%.

This is why I keep mention come Investment Better STICK TO PRIVATE.

Don't get mislead just because " Oh is Under Govt surely VERY SAFE " Of course is Safe but REMEMBER Govt work different from Private.

[talky]

This is why I keep mention come Investment Better STICK TO PRIVATE.

Don't get mislead just because " Oh is Under Govt surely VERY SAFE " Of course is Safe but REMEMBER Govt work different from Private.

[talky]

dont listen to insurance agents bullshit
my ntuc endownment rtns was cut fr 3.5 to 3.25 now 3%
same reason market no gd
but US markets broke record highs few times last 10 yr

[Gemstar]

Last time bought one that did not say guarantee. After about 1 or 2 years they kept sending me letters to say that due to the poor economy they are unable to achieve the targeted return. When I took back the money upon maturity, it worked out that the return was off by about 2%.

I told my frds this suspecting issue too. Believed all insurance policies, whether endowments or annuity wil hv this gimmick excuse. They are out to squeeze more money from people, giving many wild promises. It wud be better off and guaranteed to put in bank fixed deposits as interest rates are sharply higher now.

[[[ForeverAlone]]]

dont listen to insurance agents bullshit
my ntuc endownment rtns was cut fr 3.5 to 3.25 now 3%
same reason market no gd
but US markets broke record highs few times last 10 yr

LOL because agents wanna earn commission.

[Napoleon Porlumpar]

now t-bill is paying you 3.77%

but T-bills are traded, right ?

price drop might be far more than the interest ?

[drgn]

but T-bills are traded, right ?

price drop might be far more than the interest ?

no, guaranteed return and capital.

almost no risk

[Oyk]

This is why I keep mention come Investment Better STICK TO PRIVATE.

Don't get mislead just because " Oh is Under Govt surely VERY SAFE " Of course is Safe but REMEMBER Govt work different from Private.

It's the same with "private" lar.

Private are also known to have paid less than the projected, and especially so for policies maturing around these past six months which people bought ten years ago.

[Napoleon Porlumpar]

no, guaranteed return and capital.

almost no risk

but must hold for how long ?

if need to use the money urgently, can take out easily like SSB ?

[Ahnya]

now t-bill is paying you 3.77%

Question is , will it stay high for next 3 years?
I hope so. So I can reinvest the current ones in 6 months time,  and every 6 months for next few years

[Gemstar]

Question is , will it stay high for next 3 years?
I hope so. So I can reinvest the current ones in 6 months time,  and every 6 months for next few years

This is a good strategy.

[ysh02]

no, guaranteed return and capital.

almost no risk

Is T bill traded in market ? Now buy/sell how much har

[[[ForeverAlone]]]

It's the same with "private" lar.

Private are also known to have paid less than the projected, and especially so for policies maturing around these past six months which people bought ten years ago.

Yes but at least Not restrict to any Govt policy etc.

[drgn]

but must hold for how long ?

if need to use the money urgently, can take out easily like SSB ?

currently the shortest is 6 months.  

very hard to redeem.  so only use your spare cash to buy.

[drgn]

Is T bill traded in market ? Now buy/sell how much har

almost no trading.

just buy from your bank , dbs ocbc, uob...etc.  can use online banking or handphone app.

interest will be paid on the first day, upon maturity the money will go back to your account.

[drgn]

read post #1 and #2

they give you a good summary.

https://forums.hardwarezone.com.sg/threa...s.6769601/