I personally thinks that this is a force savings where you can use the money or fund after some certains period for your child education or retirement.

I had been in the stock exchange market but looks like i did not gain much in playing there. Furthermore, the risk is high when the return is high.

For me, why not force myself to save so that in the future when i get old, i do not depends much on my childred to contribute me any income that time when i retired.

I personally thinks it depends on individual preferences...

Yes, HLA relaunch the new cash builder recently and is closing on the 30/9/2011.

myghimh: If u ask any agent, they will say worth it. But if you ask me, it will depends on your objectives and needs.

Just hope to clear all the confusions regarding the cash builder plans mentioned earlier in the discussions.. To make it simple.

If you put in 10K each year for 6 years (Total saving 60K)
Calculation based on life assured whom is healthy 30 years old.

In builder 1: This is what you will get. Guaranteed.
At 18 years: Min 88088, Max 115036
At 20 years: Min 94537, Max 127988
At 30 years: Min 132188, Max 216187

In builder  4:
At 18 years: Min 88210, Max 113783
At 20 years: Min 101688, Max 133207
At 30 years: Min 139473, Max 218215

Normally you will get something in between.

Difference between builder 1 and 4 is; in builder 1, u have the option of withdrawing your income and cash dividend out at the end of 1st year without surrendering your policy. Whereas in builder 4, you can only withdraw after 20 years. If you withdraw earlier than that, it means you are surrendering your policy. Therefore the return you get will be lower than builder 1 (as in the comparison above at 18 years).

Builder 2 and 3 is somewhere in between builder 1 & 4.
These plan is covered by PIDM as well.

If you want more infos, I am contactable at 012-2842334

Yes, the cash builder plan will be closed byend of this month. The notice for agents already out.

Not sure about what you heard, but this is what i heard.

Currently Bank Negara is witholding the approval of such plans for all companies. Reason is because some agents with certain company (can't mention name here) lied to the customer and causing a lot of problem. The customer complained with Bank Negara , and thus causing all the delay in new plan introduction.

Hong Leong Assurance next plan is call Income Builder, but do not know much about that plan yet.

Reason why Cash builder was re-inroduced was because the plan's structure was approved by Bank Negara previously, therefore HLA ntroduced it again for the agent to sell while awaiting for the new plan approval from Bank Negara. Anyway, the current cash builder plan is for 50 millions only, where as the cash builder introduced previously was for 300 millions and was fully subscribed.

He is licensed insurance agent mah..