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Anonymous

12 May 2021

Insurance

Which is better endowment plan AIA smart wealth builder VS ntuc gro gen saver?

AIA smart wealth builder vs ntuc gro gen saver. Which is better endowment plan? Why?

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Elijah Lee

12 May 2021

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi anon,

Missed your question. Other have already pointed out the fringe features of the plans such as secondary life assured, etc. I presume you already know how such plans work, and just need an objective comparison.

Let's talk about the key feature why someone would buy this plan, which is the returns (Guaranteed and non Guaranteed) that you may potentially obtain. Here's a table showing parameters for a 5 year payment term.

From the table, we can see that NTUC is ahead of AIA in both guaranteed and non guaranteed yield. However, in terms of guaranteed yield, it is actually Aviva's offering that comes out ahead (although NTUC still edges Aviva out on non-guaranteed). Now, this image and my answer is not meant to be taken as advice, but you should speak with an advisor to find out more about such plans with parameters that you are looking at (e.g. your budget, timeframe, etc), so that you can get numbers/quotes that are tailor made for you.

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Kylie Ng Kai Li

05 May 2021

Senior Premier Consultant at AIA Insurance Pte Ltd

Both are quite similar, with capital guaranteed after a certain period of time (15years vs 13 years)...

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