Any expert opinion on Etiqa AmplifyFlex?

Hi Anon,

I have studied this policy in depth and I can tell you. Yes the Guaranteed Returns on the 16th year is the highest jump, and YES the guranteed returns is not inclusive of any Bonus included.

This is only applicable for 20 year premium Plan. If you are looking for a regular saving plan for children education, general savings etc. this provides a good saving returns with GUARANTEED returns.

Remember, when the Product Illustration has indicated as guaranteed surrender value and the insurance company has accepted your application. It is a binding contract between you and the insurance company. So yes at the very bare minimun the surrender value at the 16th policy is what you are expected to get regardless if the econmony has been so bad for the next 16 years after you take up the plan.

There are so many plans out there that promises you all these big numbers return after a certain number of years of savings but we need to peel the Product Illustration and see what percentage of those big number returns are the guaranteed value and what percentage are based on the performance of the PAR FUND.

There are other components too as well such as Terminal Bonus (TB) (this is wholely dependent on the year you wish to surrender the plan) the higher the Terminal Bonus (sometime 300-400%) the bigger the value you see on the surrender value in the Product illustration (Guaranteed + Bonues). TB are dependent on the performance of the economy specific to that particular year you wish to surrender. So if you were to surrender at a year that is not favourable you can see TB drop drastically or even near 0. (this has had happened before with one insurance company)

So when you really are looking for a good endownment plan do look for plans that comes with high guarantees i.e. such as the one you mentioned. PM me if you have more enquires on this.

Hey there!

20 year is a very long time. You have to ask yourself if you are ready to commit to paying for 20 years. That being said, if you are okay with it (and you have sorted out your emergency funds for cash flow purposes), it's an alternative.

The projection rates of endowment rates are mandated by MAS and they are possible because they are participating in nature, ie. Your premiums are invested int their participating fund to generate returns. The good thing is that capital is guaranteed (no loss of capital) with a potential for a bit of interest that (might) beat the bank's.

You have to check if the returns at year 16 is really guaranteed. Guaranteed bonuses and guaranteed return rates are different. Some endowment plans offer guaranteed bonuses. Might be good for you to clarify that.

Financial planning is an integral part of life. You can reach me here to find out more.​​​