Investment-Linked Insurance Plans, or ILPs, have long been one of the most hotly contested financial products in the market. 

On one hand, they are promoted as a two-in-one solution, combining life insurance protection with access to investment funds, promising long-term wealth growth while keeping you insured. 

On the other, critics argue that high fees, lock-in periods, and complex structures make ILPs an expensive way to invest, leaving most policyholders with disappointing returns compared to simpler alternatives like “buy term and invest the rest.”

Can ILPs truly help you grow your money, or are they more beneficial to insurers and agents than to policyholders?

On The Hot Seat, Hongbin Jeong speaks with Farhan Samsudin, Deputy Director of Financial Advisory at Synergy Financial Advisers and Eddy Cheong, CEO, Havend, to find out more.