I wrote in my blog (27 June 2009) about one such plan by NTUC Income called “Growth”. This is a single premium paid on day one and it now matures after 5 years.
On maturity, my single premium of $50,000 returns $58,024 this year. The internal rate of return is 3.021% per annum. This is good return considering the low interest rate environment we were in over this period.
This kind of endowment plan also provides insurance coverage in the event of death and permanent & total disability during the policy term. It has investment element with protection coverage.
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