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.
http://fisca.sg/Info/339/Max-Growth-Plus
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.
http://fisca.sg/Info/339/Max-Growth-Plus
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