Hi Mr. Tan,
In Mar 1994, I bought a 14-year endowment with compound reversionary bonus insurance policy from company X, paying an annual premium of $2,390. The policy provides a basic sum assured of $30,000.
Today, this policy has matured. The company has now given a cheque of $45,350, comprising $30,000 sum assured, $12,792 accumulated bonus and $2,558 special maturity bonus. Do you think this is a reasonable return?
REPLY
The return is 4.0% per annum (based on annual premium, payable in advance). It is quite satisfactory.
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