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Title: Unit-linked policy : a comparative study against conventional life products and other investment options
Authors: Goh, Wan Cheng
Keong, Kum Chee
Tan, Beow Kheng
Keywords: DRNTU::Business::General::Government policies
Issue Date: 1994
Abstract: In October 1993, the CPF Board released a new investment scheme called Enhanced Investment Scheme (CPF EIS). Under this scheme, CPF members have more investible funds available and more investment options to invest their CPF savings. And, unit-linked policies are being endorsed into this scheme. With the recent investment fever and prevailing low interest rates, unit-linked policies may become popular among the investors as they provide investors with high investment returns alongside with life insurance protection. The purpose of this project is to introduce and explain this new and unique product. It includes interesting discussions on the various features and benefits that make up the uniqueness of this product. Part of the project also focuses on comparing unit-linked policies with conventional life insurance policies like whole-life and endowment policies and with other investment options such as bank deposits, shares and property. A survey was conducted to ascertain the public's awareness and understanding of unit-linked policies, their investment preferences and the likely future demand for unit-linked policies. Finally, the author's comments on the attractiveness and saleability of unit-linked policies including their predictions of the future prospects are given. Though it may not be accurate, the authors believe that it will provide a better understanding of this unique product.
Rights: Nanyang Technological University
Fulltext Permission: restricted
Fulltext Availability: With Fulltext
Appears in Collections:NBS Student Reports (FYP/IA/PA/PI)

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