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Anonymous

18 Apr 2019

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Should I discontinue a savings policy bought 6 months ago from an agent? It is stated that I will not be getting back a single cent if I discontinue this policy (a long term of 15 yrs with a cashback feature at end of 2nd year but pay only 10 yrs)?

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Isabella Jo

22 Jul 2018

I think we need to understand your sudden change of mind. Is it due to you have other commitment which suddenly pops out, making this savings plan a challenge to fulfill?
Is it because you feel the interest rate is low?
If you are able to meet the savings commitment, my suggestion is to keep, so as not to incur loss as you have committed for 6 months.

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Alan Kor

21 Jun 2018

Need more information about this savings plan

compare with SSB or high yield saving acct, which one gives better returns?

if lock in 15yrs, pls ensure the guaranteed returns is better than cpf rate.

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Hariz Arthur Maloy

19 Jun 2018

Independent Financial Advisor at Promiseland Independent

Hi Anon, maybe you might want to clarify why you are thinking of surrendering this policy in the fir...

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