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!
just want to clarify - the 5.5% will onli come in after the sixth year?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!
Nov 18 2009, 10:26 AM

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