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 Hong Leong Assuarance Cash Promise, worth to invest?

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Kaka23
post Oct 7 2016, 08:52 AM

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QUOTE(jorgsacul @ Oct 5 2016, 06:48 AM)
It come with life insurance no?
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I think so... but I am not the right person to answer this as i am not agent and I dont study this product biggrin.gif
heavensea
post Oct 27 2016, 01:19 AM

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crooks.
naruto_kun
post Nov 4 2016, 03:58 PM

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Hi guys, i just received a call from a hong leong agent. Told me that invest rm10k, and return rm2k in a year. Sounds like a scam but would like to hear your opinion
T231H
post Nov 4 2016, 04:09 PM

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QUOTE(naruto_kun @ Nov 4 2016, 03:58 PM)
Hi guys, i just received a call from a hong leong agent. Told me that invest rm10k, and return rm2k in a year. Sounds like a scam but would like to hear your opinion
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While waiting for responses...may i suggest you read a few pages back...i think there are almost similar question posted....
naruto_kun
post Nov 4 2016, 04:26 PM

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Hi, I read them, looks like a similar thing offered by HLA. I guess I am going to turn down the agent's offer.
Holocene
post Nov 4 2016, 05:01 PM

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QUOTE(naruto_kun @ Nov 4 2016, 04:26 PM)
Hi, I read them, looks like a similar thing offered by HLA. I guess I am going to turn down the agent's offer.
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Ask him offer you something better 😀
heavensea
post Nov 4 2016, 05:19 PM

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QUOTE(naruto_kun @ Nov 4 2016, 03:58 PM)
Hi guys, i just received a call from a hong leong agent. Told me that invest rm10k, and return rm2k in a year. Sounds like a scam but would like to hear your opinion
*
QUOTE(T231H @ Nov 4 2016, 04:09 PM)
While waiting for responses...may i suggest you read a few pages back...i think there are almost similar question posted....
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QUOTE(naruto_kun @ Nov 4 2016, 04:26 PM)
Hi, I read them, looks like a similar thing offered by HLA. I guess I am going to turn down the agent's offer.
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lol 20% return p.a
100,000.00 input, 619,173.64 after 10 years. rclxm9.gif
MeToo
post Nov 4 2016, 05:21 PM

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QUOTE(naruto_kun @ Nov 4 2016, 03:58 PM)
Hi guys, i just received a call from a hong leong agent. Told me that invest rm10k, and return rm2k in a year. Sounds like a scam but would like to hear your opinion
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Its not a scam.

But wait till u heard the T&C..... I did the maths, its not worth it.
naruto_kun
post Nov 4 2016, 05:28 PM

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QUOTE(heavensea @ Nov 4 2016, 05:19 PM)
lol 20% return p.a
100,000.00 input, 619,173.64 after 10 years.  rclxm9.gif
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Thats why la..because he told me it is like a saving plan. Anyways first time heard got 20% per annum return by hong leong. So abit skeptical la..

QUOTE(MeToo @ Nov 4 2016, 05:21 PM)
Its not a scam.

But wait till u heard the T&C..... I did the maths, its not worth it.
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I am gonna take your word for it laugh.gif
MeToo
post Nov 4 2016, 05:30 PM

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QUOTE(naruto_kun @ Nov 4 2016, 05:28 PM)
Thats why la..because he told me it is like a saving plan. Anyways first time heard got 20% per annum return by hong leong. So abit skeptical la..
I am gonna take your word for it laugh.gif
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U can do a search, I opened a thread before with numbers etc and you can read thru it and come to your own conclusion... mine was RM100,000 for RM20,000

Or you can just take my word for it tongue.gif
Ramjade
post Nov 4 2016, 05:33 PM

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QUOTE(naruto_kun @ Nov 4 2016, 05:28 PM)
Thats why la..because he told me it is like a saving plan. Anyways first time heard got 20% per annum return by hong leong. So abit skeptical la..
I am gonna take your word for it laugh.gif
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Avoid all bank saving plan as you will get bettet returns with promo FD then with those stuff. Unless you pantang see money.
heavensea
post Nov 4 2016, 05:57 PM

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QUOTE(naruto_kun @ Nov 4 2016, 05:28 PM)
Thats why la..because he told me it is like a saving plan. Anyways first time heard got 20% per annum return by hong leong. So abit skeptical la..
I am gonna take your word for it laugh.gif
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no offence but I've to. devil.gif
HLA ppl like cult, writing alot lala quotes and selling shyt products. bruce.gif

hire lala mui lala jai become sales = ING
hired their services = buy hand phone in Lxw Yxt Plaza or Pertxmx kompleks.. blush.gif
heavensea
post Nov 4 2016, 05:59 PM

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QUOTE(Ramjade @ Nov 4 2016, 05:33 PM)
Avoid all bank saving plan as you will get bettet returns with promo FD then with those stuff. Unless you pantang see money.
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yeah x need give face, avoid like bruce.gif
naruto_kun
post Nov 4 2016, 10:56 PM

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QUOTE(heavensea @ Nov 4 2016, 05:57 PM)
no offence but I've to. devil.gif
HLA ppl like cult, writing alot lala quotes and selling shyt products. bruce.gif

hire lala mui lala jai become sales = ING
hired their services = buy hand phone in Lxw Yxt Plaza or Pertxmx kompleks.. blush.gif
*

Thanks for the feedback guys..really appreciate that.. notworthy.gif
heavensea
post Nov 4 2016, 11:11 PM

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QUOTE(naruto_kun @ Nov 4 2016, 10:56 PM)
Thanks for the feedback guys..really appreciate that.. notworthy.gif
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You're most welcome, btw hla alot leng lui sales. biggrin.gif
Hose P
post Apr 8 2019, 01:49 PM

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Don Cheated by HLA.
Bloody HLA....I am just another stupid Victim from "HLA".
I sign up from Hong Leong Bank 20 years ago "FD Care". Which put in 1K every yr for continuous 10 yrs, and was told will get back 24K after 20 yrs Maturity on March2019. You know how much I get back? RM14K. Bloody Hell Hong Leong Assurance, I put 10K for 20 yrs and get back 4K as interest?
Anyone if wish to sign up those Endowment or Insurance plan like such (Especially Hong Leong), DONT Trust them (now then i heard actually there's a lot victim like me). They can bluff you in return Super High Interest, or Investment, or Saving... ALL SHIT
Congrat HLA ya.. successful suck blood
HumbleBF
post Jan 9 2023, 10:44 AM

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Hi all, so my parents were one of the victim of HLA cash promise. they invested in a total of 60k from 2014 since they started this policy, and now when I check back their statement online it is only worth 58k lol. Such a scam towards those who are barely literate. Hence, We are thiking to withdraw this amount but can't find any resources to withdraw the amount online. Is the only way to surrender this policy is through walk in?
adele123
post Jan 9 2023, 10:52 AM

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QUOTE(HumbleBF @ Jan 9 2023, 10:44 AM)
Hi all, so my parents were one of the victim of HLA cash promise.  they invested in a total of 60k from 2014 since they started this policy, and now when I check back their statement online it is only worth 58k lol. Such a scam towards those who are barely literate. Hence, We are thiking to withdraw this  amount but can't find any resources to withdraw the amount online. Is the only way to surrender this policy is through walk in?
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1) you can call in to customer service to confirm the process of surrender

2) step 1 dont "buy", but since you already bought, maybe you can sit down and calculate

if you continue to stay with HLA, how much expected return you will get in the coming years. every year HLA will send you annual statement.

i had the same problem, my husband's parents bought a very expensive policy for him. when he started working, he started paying for it.

so our method to decide to continue or not is... if we dont continue, and invest, what's the return?

if we continue, what's the return? we decided to continue, cause we were getting above FD return by about 1.5%, so we continue lo.


HumbleBF
post Jan 9 2023, 10:57 AM

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QUOTE(adele123 @ Jan 9 2023, 10:52 AM)
1) you can call in to customer service to confirm the process of surrender

2) step 1 dont "buy", but since you already bought, maybe you can sit down and calculate

if you continue to stay with HLA, how much expected return you will get in the coming years. every year HLA will send you annual statement.

i had the same problem, my husband's parents bought a very expensive policy for him. when he started working, he started paying for it.

so our method to decide to continue or not is... if we dont continue, and invest, what's the return?

if we continue, what's the return? we decided to continue, cause we were getting above FD return by about 1.5%, so we continue lo.
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Most return in the policy stated NON-guaranteed, so when you do the calculations did you just calculate on the guaranteed returns or do you estimate the non-guaranteed returns? For me i done the maths, i think even if they put in FD 4% compounding returns will beat this policy in no time..

Anyways thank you so much for your advise and replies thumbup.gif
mini orchard
post Jan 9 2023, 02:05 PM

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QUOTE(HumbleBF @ Jan 9 2023, 10:44 AM)
Hi all, so my parents were one of the victim of HLA cash promise.  they invested in a total of 60k from 2014 since they started this policy, and now when I check back their statement online it is only worth 58k lol. Such a scam towards those who are barely literate. Hence, We are thiking to withdraw this  amount but can't find any resources to withdraw the amount online. Is the only way to surrender this policy is through walk in?
*
I dont think is all 'investment' per say but will include some premium for life coverage.

No insurance products are 100% for investment purpose.

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