Feb 6 2012, 12:36 PM
QUOTE(bbjslee @ May 3 2009, 04:35 PM)
Sorry but from your attachment, I can't really analyze what kind of insurance plan is it.
Definitely not Investment Linked.
Looks like endowment, but so far there's no cases where maturity value is less than what you paid.
Maybe Hong Leong assurance agent can explain it.
This product from HLA is an structure term life (6 for 20). At the end of 20 years, this policy matures and expires.Definitely not Investment Linked.
Looks like endowment, but so far there's no cases where maturity value is less than what you paid.
Maybe Hong Leong assurance agent can explain it.
Check other insurers for the same period, I believe all have the same issues as the projected value was based on a much higher ROI at that point of time (198x-1996) but soon most insurers realised the global financial market can't sustain for a 8% p.a. ROI and most of them have it revised down to a more realistic level.
Added on February 6, 2012, 12:37 pm
QUOTE(lunchtime @ Feb 3 2012, 08:35 PM)
what after sales service? My pariah PRUDENTIAL agent been MIA for years now. 
sorry to say, Insurance industry surviving rate is 20% (or less) for every 5 years.Added on February 6, 2012, 12:42 pm
QUOTE(lunchtime @ Feb 3 2012, 08:35 PM)
what after sales service? My pariah PRUDENTIAL agent been MIA for years now.
No income how to survive and provide after sales service?This post has been edited by AskChong: Feb 6 2012, 12:42 PM
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