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FAQ
1.
Comparison of "Insurance Savings Plan" and "Fund Investment SavingsPlan"
1.
Comparison of "Insurance Savings Plan" and "Fund Investment SavingsPlan"
Comparison of "Insurance Savings Plan" and "Children's Education
Savings Plan"
Assuming the same monthly contributions, the "Children's
Education Savings Plan" promoted by Sun Hung
Kai gives you a much higher return than the Insurance Savings
Plan.
| |
Insurance Savings Plan
|
Children's Education Savings
Plan |
| Monthly
contribution |
HK$3,300 |
HK$3,300 |
| Assumed
annual returns |
5% |
5% |
| Total
contributions |
HK$713,000 |
HK$713,000 |
| Total
forecast returns |
HK$733,000 |
HK$1,006,000 |
* Above figures for reference
only, and are
not indicative of actual market values.
# Above plan calculated based on a 28-year
old male's
insurance premiums. Expected return with
similar life protection
of Sun Hung Kai Children's Education Savings
Plan approximates
to HK$861,000.
From the above example, we can see that
the returns from
"Insurance Savings Plan" after 18 years
totals
just
HK$20,000. Why? Because the vast majority
of the contributions
are placed in insurance, which offer much
fewer growth opportunities.
By contrast, Sun Hung Kai's Savings Plan
put 100% of your money in investments, thereby giving youa much
higher return.
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