which insurance best for investment, get good return？ 
Nov 20 2013, 04:52 PM
QUOTE(roystevenung @ Nov 20 2013, 04:48 PM)
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
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
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