Dear Mr Tan,
I'm a working mother. I wanted to buy an insurance policy for my retirement, maybe in 10 years' time. I intend to invest $100,000 using my CPF.
My sister asked me to buy an endowment plan for 10 years. Does NTUC income has such a plan? What would you recommend?
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REPLY:
If you buy an endowment plan using a single premium, you should be able to get a return of 3 to 4% per annum over 10 years from NTUC Income.
I will ask X to send a quotation to you. You can compare it with the plan offered by your sister.
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