quick question. how old r u now ?
if you are looking for a savings plan that has an insurance
component e.g. death coverage, critical illness coverage, paralysis
coverage, you might want to consider an investment-linked plan.
Advantages > all-in-one plan which invests your savings and
gives you protection at the same time. Disadvantages > can be
very expensive due to alot of misc charges. e.g. policy fee,
distribution cost etc etc. All insurance companies and banks offer
this kind of plan.
if you are just looking for something that has no insurance, you
might want to consider doing a regular savings plan with a unit
trust. im assuming u know what a unit trust is. Do remember that
unit trusts have risks involved but they can give u potentially
higher returns.
These sites might help.
www.dollardex.com
www.fundsupermart.com
If u are not comfortable with investment because u think markets
are very unstable now u might want to consider a regular savings
account. POSB's save-as-you-earn, OCBC's monthly savings account
both offer higher interest rates than the regular savings account.
Alternatively, Standard Chartered's e-saver account can be quite
attractive with their 1.88% p.a. interest rates.
With regard to the AIA's offer u received, i'd just like to
pre-empt you on 2 issues.
1) the current financial climate is quite unstable and AIA has
been the subject of some bankruptcy speculation just last week. To
say the the storm has passed might be a bit early.
2) AIA charges differently from the rest of the insurance
companies. It's very difficult to explain it on the web but
basically their charges are deducted @ the end, which might make
charges potentially more expensive then the rest of the
companies.
All in all, i'd just like to say that there is no best product.
They are all about the same, more impt which one is more suitable
for u.