guys wanna check on your opinion on savings plan from PRU..

death benefit 40k for first 5 yrs, subsequent yrs 80k...

annual premium - 15k, for 5 yrs only...

return is as per following:
- 1st to 5th year, 1.2k annual
- 6th to 20th year, 2.4k annual
- end of 20 yrs, 80k lumpsum

total investment is 75k, calculating the interest rate of fd as of now, say 4.5%, for 20 years, i would have gotten around 60k, where the annual payout from yr 1 to yr 2 will be 39600 to be specific... there is a balance of 20k if i were to place in fd, however the lumpsum payout after 20 yrs will be around 80k, so after deducting i get an additional of around 60k?

is my calculation above correct?

This post has been edited by raptar_eric: Dec 16 2016, 01:11 AM

Yup true that. I got alot mixed opinions on savings plan. Mostly is for those that doesnt have much discipline saving, and/or those that have no experience in other investments

Personally i am 28 this yr, not much knowledge in investment, so what are your kind advise for me on saving plans?

any prudential agents here can share the difference between PRUvalue med, and PRUlink one with medical?

i got proposed for a policy under PRUvalue med, with the following coverage:
life 300k
ci 300k
minor accident 8k
hospitalization rm200/day for room
lifetime limit 1.5mil
room and board RM300

and price is around 7k p/a... i understand from some friends that got PRUlink one with higher coverage, and lower premium... hmm so whats the difference, causing my premium to be so much higher as compared to my friend, with same premium, getting double my coverage?

suprisingly they are slightly older than me, they smoke and i dont, same gender, and occupation same not much risk/hazard involved, mostly office work... one of my friend having prulink one, said that medical coverage for him is unlimited, paying 700/month... hmm making me scratch my head...