Saving plans are good in the event you are critically ill or total permanently disabled. The insurance company will continue to save for you every month.

Does the bank continue to put in new monthly deposit if you're no longer working due to sickness?

Average return goes about IRR 4.39. This is not get quick rich scheme.

another benefit would be immediate payout upon death. FDs will take awhile especially if you're always moving your FDs for your special promos.

Like I said, insurance is not a get rich quick scheme, it's a long term plan. It will bring an overall higher than FD return on the long term average. Not some 5 years ponzi scheme. If you prefer some 5 year plans with risk then go for unit trust instead of FD. Higher return, don't waste ur time with some 4.2% returns.

Yeap. You can do so, always be in a rush rather than have a peace of mind.

Still can't beat the fact that your bank won't save for you once you're ill.

Actual Investment Returns

Unit Fund(s) 2010 2011 2012 2013 2014

F1 Lion Balanced Fund 18.15% 6.62% 8.52% 22.03% 2.84% Avg 11.63%

F4 Lion Fixed Income Fund 7.22% 6.78% 5.39% 3.23% 4.40% Avg 5.404%

F5 Lion Progressive Fund 18.19% 8.21% 10.64% 14.86% -9.91% Avg 6.598%

F6 Dana Sejati 8.42% 7.02% 6.44% 3.19% 4.37% Avg 5.888%

F9 Lion Strategic Fund 19.75% 6.49% 9.28% 14.77% -3.66% Avg 9.326%

F17 Lion Enhanced Equity Fund * 12.14% 14.11% 29.16% -6.64% Avg 12.19%

F18 Dana Gemilang * 5.61% 13.14% 27.77% -4.70% Avg 10.45%


If you still question the figure above, then you're just in self denial otherwise you just hate insurance for no reason.