Recently my colleague promoted me to engage with saving insurance from ING, Premier Income plus 12 which I only need to save 5K annually up to 12 years & after maturity 12 years ING will began to disburse roughly 4K yearly until I turned 100 year olds or withdrawn anytime with one big lump sum of money.

Anyone can advice me should I take up this saving scheme? Are there any better saving options offered recently from bank or insurance company? Please advice, thanks