Investment-linked insurance policies- How to choose 1? How to know which 1 is suitable for me?

Pls don't buy ilp

Income shield sounds like the hospitalisation plan. It is not an investment linked policy.

There are few types of products which insurance companies offer:

Insurance, endowment, annunity, investment linked policy (ILP).

Start with asking yourself what do you hope to achieve.

very simply:

endowment: you get a lump sum at the end of policy term

Annunity: you get a recurring fixed payout for a number of years

ILP: you continue to service your agent's lavish lifestyle while you wonder why the policy returns sucks when the general market keep returning new highs.

hope this helps.