Growth plan gives a moderate return with low risk

Mr Tan kin lian.

I am a housewife. I like to seek for your advice.

I have $10,000. I wanted to put in fixed desposit at NTUC INCOME for 10 years at about 4% per year. The insurance adviser recommanded the Growth plan under combined Fund.

Can I invest on that?

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My reply:

I suggest that you invest in the growth plan (ie single premium endowment), rather than the Growth Fund (Combined Fund). It gives a moderate return and has low risk.

You can read the FAQ on this product at www.income.coop/faq or ask the adviser to tell you the difference between the Growth plan and the Growth Fund (i.e. Combined Fund).