Revosave Plan

Several visitors to my blog have criticised the Revosave plan introduced by NTUC Income. Their criticisms are:

* It offers a low return
* It is similar to another plan actively successfully by another insurer
* It is a way to give high commission to the agent

We have to recognise the following facts:

* Some people like this type of plan, that offers several features put together. This is why the other insurer was able to sell the product very successfully. Their customers appear to be willing to accept a lower return.
* The product from NTUC Income probably offer a better return compared to the competitor's product

Lesson:
1. If the customer likes this type of product feature, let them buy it from NTUC Income (instead of the other insurer).
2. If the customer wants a better return, they can buy an plain endowment or ILP.