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ARE ALL ILP BAD ??
ARE ALL ILP BAD ??
Why I Still Invest in Them
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Most people hear ILP (investment-linked policy) and immediately think: “High fees! Bad deal! Stay away!” But is that really the full story? Let me show you why I still invest in one — the HSBC Life Wealth Voyage — and how it’s been working for me since Aug 2024.
Back in 2024, I was looking for a way to build discipline in my investing. I knew myself — I get tempted to skip, delay, or even cash out too early when markets look scary. I wanted something that would “lock me in” to stay the course, but still give me flexibility later. That’s when I came across HSBC Life Wealth Voyage.
I started small: three policies, paid total of about SGD 16,900 premiums. Fast forward to today, my account value sits at SGD 23,036.63. That’s a gain of over 36% in less than a year. Not too bad for something most people say is a waste of money!
📊 My HSBC ILP Investment Snapshot (as of Aug 2025)
📊 My HSBC ILP Investment Snapshot (as of Aug 2025)
Summary
Summary
Total premiums paid: SGD 16,900
Total account value: SGD 23,036.63
Unrealised gain: +36.3% (+SGD 6,136.63)
Allocation
Allocation
Fundsmith Equity Feeder (EUR): 64% (~SGD 14,696)
JPM Greater China (USD): 25% (~SGD 5,844)
Allianz Global AI (SGD-hedged): 11% (~SGD 2,497)
Each fund plays a role. Fundsmith gives me stability, China gives me growth exposure, and AI adds that futuristic edge. It’s like building a soccer team — every player has their position.
My Current Policy Breakdown:
My Current Policy Breakdown:
Policy A: 7,800 →11,322.41 (+3,522.41)
Policy B: 5,200 →6,687.51 (+1,487.51)
Policy C: 3,900 → 5,026.71 (+1,126.71)
🚀 What is HSBC Life Wealth Voyage?
🚀 What is HSBC Life Wealth Voyage?
Whole life, regular premium ILP with MIP options: 15, 20, 25 years ( I personally went for 15 year and 25 years)
Normally the longer the plan, the more bonuses they give, but they had a one time promotion on the 15 years so I went for it 😁
Two buckets: Regular Premium Account + Top-up Account.
Protection:
Death / Terminal Illness: Higher of 101% of premiums paid or account value, plus Top-up value.
Accidental Death: 200% of premiums (capped at SGD 2M) + Top-up value.
Life Replacement Option: Swap life assured up to 3 times.
Maturity: 100% of account value at policy expiry.
🎁 Bonuses that Boost Growth
🎁 Bonuses that Boost Growth
Start-up Bonus (Years 1–2): % of premiums, higher for longer MIP tiers.
Power-up Bonus: Annual % of account value (allocated monthly) during MIP.
Loyalty Bonus: After MIP, annual % of account value for staying invested.
These bonuses come in the form of extra fund units, helping offset policy charges and boosting compounding.
💸 The Not-So-Pretty Side
💸 The Not-So-Pretty Side
Let’s be real: ILPs do come with charges. Account maintenance, early encashment, partial withdrawal fees… if you bail out too early, you will feel the pinch. That’s why I only committed an amount I know I can comfortably sustain, no matter what.
And honestly, the charges are why ILPs get such a bad rep. But here’s my view: if the bonuses offset some of those costs, and the structure keeps me disciplined, it’s worth it — for me.
💰 Charges at a Glance
💰 Charges at a Glance
Some of the charges I have gotten from the Factsheet !!
🚀 Links to my References
🚀 Links to my References
This is not financial advice; please consult professionals
Contact me if you need any help!
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