Wednesday, May 25, 2016

Max Growth Plus

The Max Growth Plus a policy which requires premium to be paid for 6 years. The policy matures at the end of 12 years.

The return on the policy at maturity is quite modest, slightly less than 3% per annum.

The risk is that the policyholder may have to terminate the policy before the maturity date. In that case, he is likely to lose a large sum of his savings.

As the yield on maturity is not attractive, it is not advisable for the policyholder to buy this policy and take the risk of suffering a large loss on early withdrawal.

Read more details from the PDF here.

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