TPCKeith
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Will insurance saving plan be able to increase saving investment and serve as a saving vehicle compared to traditional FD that only gives 3% return ?
Well it depends, saving in Insurance Saving Plan will help you to provide you peace of mind when it comes to your savings as upon death, your savings and sum assured will be given to your nominee.
Where as for Fixed Deposit, although PIDM stated that they insured your FD, however, upon death, if your account is an individual account, it will take some time before your savings are given to your nominee and worse, if you do not have will written for your assets / savings. Distribution to your nominees will take an even longer time.
For more information regards to a Saving Plan, Retirement Plan or even Educational Plan for your children, feel free to give me a call.
Well it depends, saving in Insurance Saving Plan will help you to provide you peace of mind when it comes to your savings as upon death, your savings and sum assured will be given to your nominee.
Where as for Fixed Deposit, although PIDM stated that they insured your FD, however, upon death, if your account is an individual account, it will take some time before your savings are given to your nominee and worse, if you do not have will written for your assets / savings. Distribution to your nominees will take an even longer time.
For more information regards to a Saving Plan, Retirement Plan or even Educational Plan for your children, feel free to give me a call.
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