PruEzy Saver
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 Aug 12 2024, 10:01 AM
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#1
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24,431 posts Joined: Feb 2011  
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QUOTE(coyouth @ Aug 12 2024, 09:46 AM) why does a savings endowment plan not worth the time? Lousy returns Vs EPF. Not to mention possible no payout if you didn't put in money as scheduled or do early withdrawal. Too much hassle of needing to read all the fine prints for lousy returns. Some plans even worse. Ask you to pay for 5 years. Then slowly refund you the amount paid at below promo FD rates!!! People get hooked monthly payment. This post has been edited by Ramjade: Aug 12 2024, 10:03 AM |
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Aug 12 2024, 01:24 PM
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#2
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24,431 posts Joined: Feb 2011
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QUOTE(victorian @ Aug 12 2024, 10:17 AM) This one is 4.8% with two times payment. Yes. Still need to read fine prints. I won't waste money on all these endowment/savings plans.Not all endowment are created the same. They have no place in my portfolio. This post has been edited by Ramjade: Aug 12 2024, 01:25 PM coyouth liked this post
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Aug 12 2024, 03:46 PM
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#3
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24,431 posts Joined: Feb 2011
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QUOTE(adele123 @ Aug 12 2024, 02:30 PM) Most of the time, insurance savings endowment plan is really subpar return and / or it's super long term. In those scenario, EPF might be better. Thanks for the info. Still not interested when I can get 6%p.a easily.This pru ezy saver does work differently. 1 person 1 policy. Try to understand the T&C first before you tembak. This particular plan pays 4.6% and for 2 years. Yes, it is lower than EPF on average. But it is 4.6% guarantee. And you can take out the money after 2 years. So this is an alternative to those chasing FD. |
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Aug 13 2024, 12:26 AM
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#4
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24,431 posts Joined: Feb 2011
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QUOTE(guy3288 @ Aug 12 2024, 11:13 PM) Found out Haha... Thanks. I knew it. Too good to be true.It is not like i thought totally out for those who think can put money in and earn 4.6% pa x 2 years No way! 2years maturity - wrong! after 2nd year you CANNOT get back 100% of premium paid! guaranteed is only 2.4% forget it!! This post has been edited by Ramjade: Aug 13 2024, 12:27 AM |
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