Bought Maxgrowth Enhanced few yrs ago. Now looking at it, realised that the guaranteed sum is actually lesser than what I paid in total? Can anyone give me advice?

Seems like i am not the only one! Lol. Lesson learnt.

A painful one 42% loss of capital.

Of course, the Insurer/Advisor will then advise that at least you get the coverage for the Sum Insured.

Well , 10 years ago we might not know how those institutes involved in the money game and play with the numbers.

So, as normal lay man, we should pick up our financial knowledge and manage our money according to our own needs.

Upon maturity and withdrawal probably considering allocate into Index fund - the two strongs countries and let it run for 5 years (paid premium for 5 years, capital is now ~halved) will come back and update.

Happy Friday everyone!

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When MaxGrowth Enhanced plan matures, does it automatically pays out into ocbc or need to fill in redemption letter?

Fraud I Totally agreed. lesson learnt and will never ever again.

The Maxgrowth Enhanced product is on the borderline fraud. Just the name itself suggest good returns and growth. I am expecting my payout next year, and I would have earned more just doing nothing i.e just have the money in a normal bank account . At least it is a lesson learnt, and all trust with OCBC is now totally gone