Withdrawing from insurance savings plan

Depends? if you need it then yes.

Ok la, better than you go take loan

Hi anon,

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I suppose if you are indeed in need of funds and don't wish to touch your emergency savings, and if such funds will help you to address whatever cash needs you have at this point that's important, then it may be the only viable option.

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You are right that the maturity payout does get affected if you withdraw, although it also depends on how close you are to maturity. Typically, the further away you are, the bigger the impact.

Only withdraw if you need it or you have better use of it like investing at much higher rate. However if it's for your need, perhaps you currently dont have enough emergency fund? It is advisable to have at least 6 months of your needs if you are getting regualar income and 12 months for irregular income so you are able to settle things you need without touching your other savings.