Nov 28 2013, 11:33 AM
QUOTE(cheekiyaya @ Nov 18 2009, 09:37 AM)
Has anyone subscribed to this scheme or heard of it?
Someone introduced me this plan a while ago.
It's a force savings plan actually. You will need to pay monthly for 6 years only. The savings amount depends on how much you want to save, the agent will work out the rate for you. If you're saving about RM250, you will get yearly dividend (according to company performance) of RM700 (more or less). If you didnt withdraw any amount of dividend (there's a limit), they will add on 5.5% bonus on top of ur dividend. The dividend will be given for 35 years, but you can opt to withdraw after 6 years.
For those who know about it, may i know your opinion? Thanks!
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CORRECTION!!!!
It's RM295 per month (RM3550 per year), pay for 6 years, for a period of 30 years
when u work this out, it maybe slightly better than FD.Someone introduced me this plan a while ago.
It's a force savings plan actually. You will need to pay monthly for 6 years only. The savings amount depends on how much you want to save, the agent will work out the rate for you. If you're saving about RM250, you will get yearly dividend (according to company performance) of RM700 (more or less). If you didnt withdraw any amount of dividend (there's a limit), they will add on 5.5% bonus on top of ur dividend. The dividend will be given for 35 years, but you can opt to withdraw after 6 years.
For those who know about it, may i know your opinion? Thanks!
\CORRECTION!!!!
It's RM295 per month (RM3550 per year), pay for 6 years, for a period of 30 years
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