Yes, there are tons of this kind of package available. Interest rate is higher than FD, then way above saving interest.
Just that how many people basically willing to "stuck" a sum of money for so many years?

It will be good for those who are not discipline enough, who may "tangan gatal" and touch the education fund for other purpose (end up nothing for their children in the future).

Basically most of the insurance package (endowment plan more likely to be the name for it), may double the premium paid at year 20. Is it a lot? I have no comment.

If you have better investment vehicle available, please use that.
Else, can consider insurance package (non-investment link, traditional package I'm talking about, I think basically risk free? Just a matter of variable in term of dividend.)

About funds and bonds, I would glad if anyone can share with us about that.
I would say for education fund, should go for risk free plan (something like FD perhaps ?)

Couldn't agree more.

Working with my father now, under his company.
Been chatting with the workers, some of them basically every month money in, every month clear.

Is forced saving good for them?

Do check our lovely garage sales, its funny to see when someone sell their stuff because need to pay tuition fee, house loan, etc. What a joke!