The writer is not a certified financial advisor and his insurance philosophy is outlined in this brief. Do consult with a certified financial advisor to get a second opinion before making decisions.

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Yesterday I got a message from an old friend of mine. A friend approached him to introduce Great Eastern Prestige Harvest to him.

This product was introduced as a Single Premium Insurance policy.

Considerations:

1. Premium is USD 90,000.
2. Non-participating. This policy does not earn bonuses from a participating fund from the Insurance company.
3. Denominated in USD. Which means that you are subjected to currency fluctuation risks.
4. Interest Accrued Daily. I am not sure how this matters, but if compounding takes place daily then its definitely a good thing.
5. Sales charge and expense charge. The sales and expense charge is 17.75% of single premium and ...