Monday, October 10, 2005

when is insurance not insurance?

DBS Singapore Personal Banking Insurance
u walk into a bank, requesting the bank to open a fixed deposit account. u walk out with a "regular savings plan". it turns out to be an investment-linked policy. if u look at the website, u will see that the word "insurance" is conspicuously missing. the term "assurance" is used instead, or even worst "moneyback".

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