Education Saving Plan
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 Jul 12 2021, 02:39 PM
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#1
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Junior Member
50 posts Joined: Feb 2017 
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QUOTE(DC87 @ Jul 12 2021, 02:24 PM) current exploring to buy education saving plan for my kids. any suggestion which company provide the best in terms of dividen/interest? Not an agent but have you really decided to get savings plan? Most of them are just on par with FD rates (before covid era) |
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Jul 12 2021, 02:56 PM
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#2
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Junior Member
50 posts Joined: Feb 2017
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QUOTE(DC87 @ Jul 12 2021, 02:42 PM) Heard from my spouse's friend working at AXA. their average rate is from 4-6%. 8% when good. Yes saving/edu plan is the same. Different marketing name only. And yes my expectation of FD is around 4% pre covidBut from what she said, saving plan and edu plan is the same. FD is only 4%? Please be careful of the %payout shown. Is it % of your total premium paid, or % of sum insured? Typically it’s shown as %of sum insured and you need to covert it back to %premium to be able to compare against FD. Better if you know how to calculate IRR and compare against FD |
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