TM Asia Life has recently launched a new product in their TM Nest Egg series, the TM Nest Egg (SP-Guaranteed 3).
The TM Nest Egg (SP-Guaranteed 3) is a 5-year, non-participating single premium endowment with yearly cash dividends, designed to provide a higher interest compare to fixed deposits, while at the same time providing minimal coverage against death and total and permanent disability (TPD).
As this is a non-participating product, the returns are fixed and there is no danger of “bonus cuts”.
This product is clearly meant to compete against similar plans that have been recently launched in the market. One of them is the HSBC Guaranteed Saver Plus which gives a yield of 2.25% to 2.75% (depending on amount invested).
I suppose those who like such products will welcome the possible diversification with more options being offered.