Investing via regular premium plans: Watch the costs

If your objective is to commit to a long-term investment, you should scrutinise and compare ILPs' charges.
If your objective is to commit to a long-term investment, you should scrutinise and compare ILPs' charges.PHOTO: REUTERS

Total expense ratio comprising insurer, fund charges could exceed 3% in worst-case scenario

Regular premium investment-linked insurance plans (ILPs) are a staple among life insurance companies' offerings.

Their attraction typically lies in the bundling of insurance and investment, even if the protection value may be modest at best.

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A version of this article appeared in the print edition of The Sunday Times on September 30, 2018, with the headline 'Investing via regular premium plans: Watch the costs'. Print Edition | Subscribe