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

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

Insure against risks you cannot afford to happen, such as the loss of your ability to earn an income.

For investment, do it yourself.  Never mix with insurance because they do not mix.  Nothing is free in this world and everything must have a price.

Not wanting to brag, but I just spend less than 30 mins a week reading up on finance and economics, and my investments are performing way better than any managed funds or savings plans in the market.  There are many advantages to doing your own research.  At the end of the day, you are smarter and you learn through the mistakes.

Think about it, is your 30 mins per week worth more than the fees you are paying to the agent, insurer and the fund manager?