so far i guess from Prudential we have . . . It's
PRURetirement Reward

2011 was RM1,000



This post has been edited by Colaboy: Dec 30 2011, 02:39 PM

bad english . . . this is the only product which qualify for tax relief

ya . . . definately

I have include an Illustration of Return base on a person age 30, class 1 or 2, non-smoker, yearly premium RM3,400
The premium are allocated to RM3000 for annuity / retirement & RM 400 for life(RM22,000 sum assured)



This post has been edited by Colaboy: Dec 31 2011, 08:51 PM

ya . . . every year around feb/march company will send you a copy for tax relief

Example: Life RM6000 / Medical RM3000 / Annuity RM3000

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Added on January 3, 2012, 4:15 am1) Payment is 25 years . . . cause base on age 30 individual & most likely will continue working up to age 55 before retire.
Ya RM3000 goes into a retirement account, the balance RM400 is the sum assured

2) Consist of PRUEquity Fund & PRUBond Fund - X is base on 6% and y is 2%. The percentage of equity and bond fund allocated will defer as one person grow older ==> bond fund will be higher

3) The sum assured of RM22,000 only covors up to age 55, main purpose is for tax relief

This post has been edited by Colaboy: Jan 3 2012, 04:15 AM

thats the minimal you need to purchase . . .I'm affraid NO

good job with the brochure . . . should have a lot of information inside

This post has been edited by Colaboy: Jan 3 2012, 05:11 PM

It's not fix . . . will defer a little according to age & we design the plan with the min sum assured as
to maximize the returns for customers when retire.
After 55 they can choose to surrender the policy & withdraw the cash value just like EPF or
they can maintain the policy to receive yearly guaranteed & non - guaranteed returns as projected in pg 7. Btw whats your e-mail address?


Traditional endowment plan is basically a term savings plan . . . which fall under life insurance category
the plan usually are 10 years, 20 years & some might even be as long as 88 years for 3G plan.

PRUretirement_reward is an annuity product . . . which the purpose is for saving(retirement) & can be
calculate for additional tax relief up to RM3,000. The product consist of a very minimal life insurance +
unit thrust. Compare to endowment, this plan is have very high allocation of premium as for the RM3,000 paid
yearly, 95% will be allocated to the plan / 2% for mgm fees / 3% agents commision

Some simple calculation
RM3,000 tax relief if we calculate on 26% would be RM780 tax yearly

This post has been edited by Colaboy: Jan 5 2012, 12:32 PM

very nice calculation you have done . . . well this is a quotion on the minimal you will received if
X = 4.51% return & Y = 2.2%

Historical Actual Annual Returns of the Funds

Golden Equity Fund
2006 = 19.80%
2007 = 27.80%
2008 =-31.30%
2009 = 42.50%
2010 = 21.45%

Golden Bond Fund
2006 = 6.40%
2007 = 4.40%
2008 = 2.40%
2009 = 6.20%
2010 = 5.67%

of course bulat bulat ma . . .

The fund is already determine by company, cant be selected

Example:
Year 1 to 2 45% in GEF* 55% in GBF*
Year 3 to 7 40% in GEF* 60% in GBF*
Year 8 to 12 35% in GEF* 65% in GBF*
Year 13 to 17 30% in GEF* 70% in GBF*
Year 18 to 22 25% in GEF* 75% in GBF*

Not sure about those product . . . its better to clarify from their agent

It's available since 2011. Those who purchase last year will entitle for tax relief up RM1000 in 2012.
For next year 2013, it will be increase to RM3000 as highlights from Malaysian budget 2012

This post has been edited by Colaboy: Jan 7 2012, 04:15 PM

can i know where do you get the 3.xx% from???

Btw we only charge:
PRUlink golden equity fund 1.5% fund management fees (actual return on year 2010 21.45% )
PRUlink golden bond fund 1% fund management fee (actual return on year 2010 5.13% )
Agent commision is 3% out of total sales

Please dont flame a product before you find out more details about it . . .

of course you get interest every year for the premium you paid, but because this is a retirement plan
the plan needs to lock your money in it till age 55 (just like your epf account)

refer to your annual LAPS - life assurance premium statement
if you did not receive a copy, you may always get a copy from any branch nearby
or get your agent to mail/fax you 1

This post has been edited by Colaboy: Apr 24 2012, 11:16 AM

The premium or money you contribute will be allocated into our Prulink Golden Equity & Bond fund.
So if the fund value increase from RM1 to RM2 in the future, the same does to your savings.
The guaranteed income is an option for you to receive monthly base on the capital . . . but you can
choose to surrender the policy after 55 to withdraw the cash value inside.

bond is average 5.1% equity is 7-12% on average


yes

This post has been edited by Colaboy: Apr 25 2012, 07:50 PM

the statement is directly mail to customer . . . well its clearly written in the policy
there is no need to trouble post it here

there is a minimum tenure years for this plan . . . it's for retirement purpose
which mean you cant withdraw the money until you are 55