Photo by » Zitona «

Investment-Linked Plans (or ILPs as commonly known) are not new in Singapore. What’s relatively new is that offshore providers have been entering the local market to pedal their goods alongside familiar names such as Prulink, Manulink etc (usually ILP has a ‘-link’ as suffix in the product).

Who are some of these offshore life insurance firms? They include the following:

* Zurich International Life
* Friends Provident International
* Royal Skandia

Coincidentally, they are all incorporated in the Isle of Man which has an attractive tax structure.

As highlighted in an earlier post on ILPs (premium allocation) do note the fees and charges associated with ILPs. In the following table is a snapshot of the fees and charges of some popular offshore regular premium ILPs side-by-side with Aviva Global Savings Account (being a similar investment offering). Read more…