Lets do a re-cap. To know about the difference between ILP. Please refer to this blogpost
For my SO's regular savings ILP, its here
SO had 3 single premium ILPs. 2 bought via CPF-OA the other via CPF-SA.
Lets start with the CPF-SA.
Total single premium invested: $5810.
Date started: 25 March 2004.
Fund portfolio: AIA Acorns of Asia Fund
Full sum assured for standard life: $9000
Surrender value as of 28 March 2011: $7XXX.
XIRR: 4.6%
CPF-OA
Total single premium invested: $12000.
Date started: 25 March 2004.
Fund portfolio: AIA Acorns of Asia Fund
Full sum assured for standard life: $18000
Surrender value as of 28 March 2011: $16XXX.
XIRR: 4.6%
Total single premium invested: $22200.
Date started: 12 March 2005.
Fund portfolio: AXA Inspire
Surrender value as of 11 July 2011: $2XXXX.
XIRR: 4.7%
Currently, all 3 plans exceed the interest rate of CPF board.
I had plan to stop SO's CPF-OA plan only after 8 years, when this lump sum is enough to fully pay the housing loan from HDB which is 0.1% above prevailing CPF interest rate.
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