facebookWhy are investment-linked insurance policies so popular in Singapore and not in other countries? - Seedly

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Rishi Ramchandani

Rishi Ramchandani

Level 5·Financial coach / Founder at Cafe cash flow

27 Jan 2020

Insurance

Why are investment-linked insurance policies so popular in Singapore and not in other countries?

I have lived in HK and the US, my wife in the UK and the middle east and in none of these countries have a financial advisor ever bought up ILP's. Over here it's bought up all the time. Just curious why its so popular in SG.

Discussion (1)

What are your thoughts?

Cos singaporeans are too chickened & risk-adverse in DIY investing, also explanined why we tend to favour real-estate investing.

So this create an opportunity for insurance companies to offer ILP which looked especially enticing when comparing to the ultra-low interest rates banks had to offer.

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