Dear Mr Tan
I would like to seek your advice on this 3 yrs saving plan. Is this a good plan?

REPLY

Can you ask the insurance adviser, who earns a large commission, to explain this plan to you.

Do not invest in the plan unless you are clear about the plan and understand that it is better than other alternative way to invest your money. 

You can also buy these books and understand what to look for. 
https://tankinlian.com/cart.aspx?ID=66

My view:
You are locking up your capital for 3 years for a return of 1.82% p.a. 
Looking at the current high rate of inflation, which is expected to persist for a few years, this yield is unattractive. 
It is better to invest the money in good stocks that have a dividend yield of 4% or higher. 
The prices of good quality stocks have dropped during the past six months, so you are buying them at a low price. 

Tan Kin Lian