None. Do the savings in pure savings like bank FD or ASNB, never in insurance.

When you look at insurance, you are buying the coverage associated to it. The cover is NOT FREE and RM 100 that you put in perhaps RM60 will be used to buy you the cover.

This is why if you choose to surrender the plan in one year, if you put in RM1200 per year, you will only get back RM 400 maybe lesser.

Do not get brain washed by insurance agents selling and promising you high returns. At least for bank, you can withdraw it after one year. For insurance savings, you will need to wait a minimum of 20 years before you can touch that money.

<----- honest agent 

Terimakasih Tuan Speaker fazlythewarrior

If the plans are from insurance company, surely there is insurance elements involve, although it may be minimal cover. Insurance company are not authorised to sell pure savings plans, otherwise it may clash with mutual funds like Public Mutual.

AFAIK, there is no pay 10 years, withdraw and still get decent returns. Reason being agent commission, admin fee, insurance charges, bla2 already eat into the capital for 6 years (or lesser)  hence it needs more time for the funds to grow.

For a 20 year, chances are it only break even. Keyword: BREAK EVEN

Lets not forget inflation, whereby Rm100k now is not the value of RM100k, 20 years later

Most people who do the PRS for retirement savings do it to get tax exemption of Rm3k as announce in 2012 Budget...