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This plan is cash only.Reply
I am more worried about going bust than beating the inflation.Reply
Fair enough. If you have no faith in the organisation, then don’t touch their products.Reply
What happens if AIA goes bust 4 years from now? Is the sum insured insured?Reply
If an insurer goes bust, then the policy owners protection fund will come in.
This plan does not suit current inflation environment of 3.5%. Going forward with economies around the globe picking up, it does not make sense to set aside the amount for 5 years. As Independent Financial Adviser, what will you suggest with investment of such amount and time frame?Reply
Every individual has a different risk profile and objectives therefore I don’t really have a standard answer to your question.
For example, a “buy STI ETF” formula might not necessarily work for everyone.
Some people will end up buying high and selling low.
Even if they RSP, past experience has shown that some people will halt the RSP just when prices are low!Reply
Qn: Can I use my SRS Account to purchase this plan?Reply