I have written a FAQ to explain this new life insurance product which is popular in some countries and may become popular in Singapore. It is similar to a unit linked policy. Interest is credited on the savings in the policy, usually at a rate that is higher than savings with a bank. However, consumers should be aware about the charges, which are usually not explained by the agent.
www.tankinlian.com (Ask Mr. Tan or Latest)
Many companies are joining the fray.GE and HSBC are the latest.Another scam to rob the consumers.
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