What are some good prudential savings/investment plan?

Hi Anon! I personally dont think you should looking out for the "best" or "good" savings/investments plans out there, irregardless of what insurance companies it may be. Instead, think about your own needs and goals in the short run and long run. Once you have these in mind, it would be easier to find out what tools and savings/investment plans would be best suited for you. Furthermore, everyone is different, with different goals and circumstances. It would be hard to say that one plan is best suited for everyone.

Reach out to a trusted financial advisor for valuable advice and perspective, before you make any important decisions. Good luck!

Hey there!

My advice to you is to explore your options with other companies and decide whats the best for you. Just some things to look at:

For savings plan, look at the BI table to see if your guaranteed amount matches the premiums you've paid. There are some savings plans that do not guarantee your capital. If your aim is to save money, you should opt for products that guarantee your capital and/or give you a bit of guaranteed interest

For investment plans, you have to be sure of what are the funds that are invested in. I cannot overemphasize this enough. Your investment plan is as good as the agent managing it and the funds. There are companies that may have a limited fund selection too. Ultimately, you have to evaluate the track performance of the funds. Do note that you should be opting for a 100% investment ILP and NOT a protection based ILP. To know which one is it, just find out how much is the death benefit. The death benefit for an investment based ILP should be minimal and barely match the premiums you pay.

The information is available online so you can actually check beforehand whatever funds the agent presents to you to make an informed decision.

All in all, do make sure you do your own due dilligence. Evaluate your time horizon and risk appetite. If you are looking at capital appreciation with risk management, go for an investment plan. Otherwise, look at a savings plan if you are looking at meeting a guaranteed need in the future.

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