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Saturday, November 3, 2012

Buying an endowment policy


    • Dear Mr Tan,
      I am considering buying a saving endowment policy for my daughter. Would like to ask what is the difference between buying insurance from a bank and agent?

  • 5 minutes ago
    Tan Kin Lian
    • Most endowment policies give a poor return to the consumer, due to the high charges taken to pay commission to the agent and other expenses. This applies to buying from an agent or the bank - the charges are the same.

      You can attend the education talks organised by FISCA here
      http://easyapps.sg/assn/Org/Event.aspx?id=5

      You can join FISCA as a member and enjoy discounts on the talks

      To join as a member, register here:
      http://easyapps.sg/assn/Org/RegisterUser.aspx?id=5

      The membership fee is $36 a year, and you can access the website and get a newsletter twice a month.

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