Good return from policies taken in the past

Hi Mr Tan,
I am a FISCA member. I have some Income policies that have matured or will be maturing soon, as follows:

a) Growth (SP endowment) taken for 15 years, invested $25,000, maturity sum $53,591
b) Growth (SP endowemnt) taken for 15 years, invested $14,430, maturity sum $21,435
c) Growth (SP endowemnt) taken for 15 years, invested $21,645, maturity sum $32,151
d) EIS Endownment taken for 16 years, annual premium $6,213, maturity sum $158,052

Am I getting a good and fair return?

LHY

REPLY

The return is as follows:
15 year Growth (case a,b, c): 5.2% p.a.
16 year EIS endowment (case d) 5.3% p.a.

The return is good. You've got a good deal. The return is better than similar policies taken with other insurance companies (based on other examples that I have seen).

However, this attractive return is for policies taken with NTUC Income in the past. I understand that the return for policies taken now are much lower.

Please ask many people to join FISCA