AIA Pro Achiever ILP 100% premium allocation excluding management fees. I do notice how many people are saying to avoid ILPs. As an investment noob with no investment knowledge, will it benefit me?

I bought an ILP before and surrender it after a year... because of the charges + it’s not even profiting after all the fees >< The funds selected by my agent is 🥵💩 and she also told me CFM guaranteed returns and trust her la blahblahblah bullshit and at least 8% returns a year... after a year, I went to study the plan myself and realised... it’s doing DAMN BAD 😢🥲 and decided to surrender it and invest in stocks instead LOL

So I think you should research more or look for more agents to share their views etc!

Regarding the 2 question on whether itnis possible to invest in the same funds and are you able to achieve the same returns.

1) you will definitely be able to access similar or exact funds yourself.

2) As fees are cheaper mostly if u DIY. You are also able to achieve the same results.

But at the end of the day its all about results. If lets say the agent is really good at it. N scores u gains of 15% year over year net expenses. You will still think its lousy if ur DIY does 15.5%. so no discredit to the professionals, they charge a fee for their expertise. The risk is that investing is a long commitment. So finding something that works for you is impt. I would say the value in ILP would be the fund switching and the ability to allocate a specific dollar amount. Whereas if you DIY buying into your own funds switching between funds will have certain cost as well as you would have to buy into funds at their current values. But others fees DIY is cheaper. Overall is like arguing whether you want to DIY your own house decor or get an ID, or you want to build your own computer or get someone to do the build for you. Hiring someone comes with a cost. Its about whether you are willing to trust the person for the results against what you can manage on your own

It is always about fees.

Don't pay anything more than 1%, heck we should aim 0.5% or lesser - just invest in ETF you will do fine.

Even robo doesn't qualify such low fee, I mainly invest my SRS into robo since there is no other better alternative.

LOL, generating 15% in the current market climate is nothing. You have to compare the return to the general benchmarks.

To answer your question,

• Most funds invested by insurance are actively managed and guess what? Most active funds underperform their benchmark. In other words, you do not want to invest in the exact same fund or even similar funds to what AIA is managing or proposing.

• You can generate the same if not more from DIY but you can generate less from DIY. I guess this is not really answering your answer!! :) But the point is ILP plans are not the holy-grail, if any, they should not be your first option as an investment product.

Advise you read up more on investing. Books from John Bogle and of course intelligent investor from ben graham​​​