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09-07-2007, 01:13 PM
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#1 (permalink)
| | Experienced SGClubber Join Date: Jun 2007 Posts: 1,825 Gender: 
Total SGC$: 120.40 | Saving Plan anyone got saving plan? from bank or insurance?
i was contacted by a insurance agent, she said they have this saving plam ->
transfer an fix amount of money (lets said is $100) from your bank acc to your insurance acc every month. Any amount will do , but min is $70 (every month the same amount) , then the annual interest is 3% to 4% .
those who had saving plan , think this plan is good? if not, can suggest? 
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09-07-2007, 01:19 PM
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#2 (permalink)
| | leng8021 Join Date: Jun 2007 Posts: 666 Gender: 
Total SGC$: 982.48 | Re: Saving Plan suggest u invest in some low risk investment link saving wil give u a better return in at least the next 5 yrs....
Insurance plan, they normal take their commission on ur 1st few year's premium....something i dont like.
contract my brother, mark ho: 98512889 markho@prioritywealth.com.sg for investment advise if r interested. |
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09-07-2007, 01:53 PM
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#3 (permalink)
| | Experienced SGClubber Join Date: Jan 2007 Posts: 3,115 Gender: 
Total SGC$: 2,014.22 | Re: Saving Plan What's the catch? There's definitely a catch.
I don't think it's purely a savings plan. Most likely containing an investment element in it. To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.: Asia Solution Kenetics
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09-07-2007, 04:24 PM
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#4 (permalink)
| | Experienced SGClubber Join Date: Jun 2007 Posts: 4,507 Gender: 
Total SGC$: 6,293.38 | Re: Saving Plan sounds too good to be true..any lock in period??Or any-investment that must be made?? Life is full of ups and downs. But one has to learn how to stand up on his own and continue his path to attaining enlightment...:mellow3: :mellow3:
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09-07-2007, 05:32 PM
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#5 (permalink)
| | Addicted SGClubber Join Date: Oct 2006 Posts: 561 Gender: 
Total SGC$: 755.41 | Re: Saving Plan Think it's one of those Endowment plans with Insurance features... Ok if you are thinking of savings & having some insurance at the same time... However, do note & ask them for the real return rate after taking into account of deductions, rather than taking the interest rate they quote to you... Do compare with various insurer before commiting.. :mellow3: 
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09-07-2007, 06:11 PM
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#6 (permalink)
| | Hiroto Join Date: Nov 2004 Posts: 4,626 Gender: 
Total SGC$: 1,570.17 | Re: Saving Plan I got saving plan with prudential bah quite ok bah 
to fall in love is always easy
to start a relationship is always simple
to build it, is always tough
to maintain it, is 'better said than done'
to break off, is 'easier said than done'
to remain friends after u broke off, is never possible
to forget the memories is 'always doing but never succeeding'
to heal the pain within is hard and tough and never near simple
but one has to try to heal your own heart...
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10-07-2007, 03:05 AM
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#7 (permalink)
| | NovaN Join Date: Jun 2007 Posts: 193 Gender: 
Total SGC$: 199.90 | Re: Saving Plan sounds like ocbc maxlink plan.. beware of capital.. izit fixed or dependable on market trends? yup.. there's oso sum catch to it for sure so u beter triple check or more.. it's ya hard earned money.. :mellow3: (,") ----- A S|mp|e 'Thanks' Mot|vates Us To Share More ----- (",)
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10-07-2007, 09:42 AM
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#8 (permalink)
| | Experienced SGClubber Join Date: Jun 2007 Posts: 1,825 Gender: 
Total SGC$: 120.40 | Re: Saving Plan | Quote: | | | Originally Posted by finaldust | | | | | I got saving plan with prudential bah quite ok bah | | | | |
ya, the agent is from Prudential also. 
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10-07-2007, 10:06 AM
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#9 (permalink)
| | Hiroto Join Date: Nov 2004 Posts: 4,626 Gender: 
Total SGC$: 1,570.17 | Re: Saving Plan | Quote: | | | Originally Posted by wenchong1985 | | | | | ya, the agent is from Prudential also. | | | | | oic lol good if u dont need high return u wan high return then go for other plan bah 
to fall in love is always easy
to start a relationship is always simple
to build it, is always tough
to maintain it, is 'better said than done'
to break off, is 'easier said than done'
to remain friends after u broke off, is never possible
to forget the memories is 'always doing but never succeeding'
to heal the pain within is hard and tough and never near simple
but one has to try to heal your own heart...
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10-07-2007, 12:26 PM
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#10 (permalink)
| | Importer & Exporter Join Date: Jun 2007 Posts: 154 Gender: 
Total SGC$: 170.10 | Re: Saving Plan Know where you're putting your money in, and how much you're getting from it. Some plans might not be giving you the kinda return that you want. |
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10-07-2007, 09:40 PM
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#11 (permalink)
| | Experienced SGClubber Join Date: Jun 2007 Posts: 1,350 Gender: 
Total SGC$: 1,057.45 | Re: Saving Plan i was also quoted a savings plan by a banker from uob. It's an endowment policy from manulife...
however, i find that endowment policy is not really suitable for me.. i rather invest the money in bonds or money market funds... |
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10-07-2007, 10:46 PM
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#12 (permalink)
| | Cool SGClubber Join Date: Jul 2007 Posts: 961 Gender: 
Total SGC$: 2,208.71 | Re: Saving Plan which company intro you that policy? |
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12-07-2007, 11:23 AM
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#13 (permalink)
| | Addicted SGClubber Join Date: Mar 2007 Posts: 825 Gender: 
Total SGC$: 14.10 | Re: Saving Plan before deciding whether it is good... is the interest rate confirmed?? as in it is not pegged to current trend or whatever thingie...
and then, can u withdraw ur money as and when u like?? or is there a min period to pass before u can use ur money??? |
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17-07-2007, 02:37 PM
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#14 (permalink)
| | Addicted SGClubber Join Date: Apr 2007 Posts: 855 Gender: 
Total SGC$: 861.34 | Re: Saving Plan is urs 100% principle guarantee? If not means not savings.
I got 2 investment savings plan by dbs and aviva(joint).
1 is not principle guarantee, $100 a mth for 15 yrs. But can take out after 8 yrs if u think the int earn is good enuff.
Another 1 is $110.20 a mth for 10 yrs. Can onli take out full amt after 15 yrs. But instead of depositing $110.20 a mth into the saving plan, they deposit $116 a mth. this 1 is 100% principle guarantee.
I felt they r good in a way to help me save $$ for the future. Or else i would be spending all my allowance.
Last edited by aRiEs : 17-07-2007 at 02:38 PM.
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03-08-2007, 11:20 AM
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#15 (permalink)
| | Account Suspended Join Date: Aug 2007 Posts: 73 Gender: 
Total SGC$: 153.00 | Re: Saving Plan i dun think this is very reliable...hmmm my mum had this last time...and she cant really use the money noe...only a portion of it..hmmm can save and invest in some other way.. |
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03-08-2007, 11:22 AM
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#16 (permalink)
| | Addicted SGClubber Join Date: Dec 2006 Posts: 820 Gender: 
Total SGC$: 699.57 | Re: Saving Plan for me i think its pretty ok... =) |
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03-08-2007, 11:56 AM
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#17 (permalink)
| | Experienced SGClubber Join Date: Jun 2007 Posts: 1,825 Gender: 
Total SGC$: 120.40 | Re: Saving Plan i just "pushed" the agent off liao a few days ago, the plan she intro is min save up for 20 yr then can see return, WTH , 20 yr? is there any short term one or not? like every year can draw back the interest one. 
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03-08-2007, 12:04 PM
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#18 (permalink)
| | Lord Of The Burgerings Join Date: Dec 2006 Posts: 2,021 Gender: 
Total SGC$: 2,605.88 | Re: Saving Plan lemme guess... prudential? 
nah, i dun really go for it, imagine if something bad happen out of the blue, den u nid money badly, confirm alot of procedure will have to be gone thru before u can withdraw the money u invested inside
but depends lah, ultimitely it up to u and the factors around u 一生的友情。。。
一世的等待。。。
一辈子的承诺。。。 a friendship for life 。。。
a boundless awaitment 。。。
a promise harnessed eternally 。。。 |
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