I have been recommending the Ideal plan (ID7) from NTUC Income, as it allows 100% of the monthly savings to be invested. The policy fee is $4 a month. It is available from the Business Center.
Someone told me that the Flexi-Link (a single premium ILP plan) is actually better than ID7. It has the following features:
1> Inital deposit should be at least $5,000.
2> Allows recurring top up: $250 quarterly, $500 half-yearly and $1000 annually
3> Allows ad hoc top up: $1,000 per single premium top up
4> No policy fee after account cash value reached $15,000.
If you have an initial sum of $5,000 to invest, it is better to choose Flexi-Link instead of Ideal (ID7).
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