1) your agent lied. it's ILP. your first year premium, only 40% (or 45% i don't remember, HLA increased it) goes to the investment... from that investment, insurance company will deduct the charges (insurance, admin, fund management)

2) And the 80% 20%... also wrong info... 80% of that 40% will be invested into EverGreen fund (the unique feature applies to the FUND NOT the insurance product). 20% of that 40% will be invested into low risk fund for deduction of the charges stated in 1).

The unique feature, no doubt is great cause there's minimum unit price that they guarantee for you at maturity.

3) so i just visited the cacated website... and got some figures from it. the below are from the website, if you look properly. LOL. i just happened to know which figures means what.

link

take the example of the one maturing in 2023, in 9 years time...

current price 0.9014
Current guaranteed price 1.2358 (this can be higher but not lower, if fund perform good, then higher lo)

I buy this at 0.9014... 9 years later i cash in at 1.2358

so... 0.9014*(1.0357)^9=1.2358

so compounding get about 3.57% p.a return. (approximately, just to illustrate)
this is purely on the investment side. you need to factor in the cost of the entire insurance policy.

4) So... i like the feature... say if i have a kid, i'm saving for his/her education, i want a relatively low risk investment, then i go for something like this but if FD giving similar return, well, hmm... but... you need to understand is... this is INSURANCE, INVESTMENT-LINKED POLICY.

5)  the returns will definitely be lower from what i illustrated because of other charges. Of course, if investment return is good, then maybe can earn more, but... this will depend on how CIMB because ultimately, the investments is invested with CIMB Evergreen

of course, other investment also got charges and risk...

Questions?

Edit: wrong used of ^ previously. Fixed

Thank for the info.  Because try download their brochure illustration is still using 80/20 % 
http://www.hla.com.my/product_and_services...on=product&id=8

http://www.hla.com.my/CorpSiteCMS/Presenta.../1394205944.pdf

however notice the appendix 5 stated: allocated premium to purchase the unit actually is based on years i.e. 1st year 45%, 2nd years 50%, 3rd and 4th year 76%, 5th and 6th year 90%, 7 years and above 100% ....

further look at the charges:
rm5 monthly policy fee and still need to pay yearly fund management fee between 0.25-1.30% ... probably take back their guarantee bonus unit and guarantee additional allocation already ...  hmmm

....
Fund management fee is normal like any investment fund. The fund with the ‘unique’ feature, charges 1.30% p.a.

HLA Cash Fund charges 0.25% p.a. It’s those low risk, low return fund that invest in money market or similar type la.

the thing is this plan is sort of like feeder fund to CIMB fund, the charges actually mean original CIMB management fee or additionally charges on top by HLA? also if i didn't hear wrongly there is exit fee incur too if redeem.

one of the agent told me about their guarantee pay out 20% on the amount you invest p.a.? anyone know what this?

one of the agent told me about their guarantee pay out 20% on the amount you invest p.a.? anyone know what this?

one of the agent told me about their guarantee pay out 20% on the amount you invest p.a.? anyone know what this?

hi guys, i've been approachd by agent regard this fund..can some one advise/comment about this fund? is it really good to invest in? what pro & cons? really need some info before decide..TQ

hi guys, i've been approachd by agent regard this fund..can some one advise/comment about this fund? is it really good to invest in? what pro & cons? really need some info before decide..TQ

example

Please read my previous post and do some homework.

Quick note
1) this is an investment-linked insurance plan. Not pure investment. if you want pure investment this is not it.
2) if you already have existing insurance plan, suggest you to not get this as well.
3) PROS: if you hold to maturity, they have something called minimum guarantee unit price
4) CONS: it's insurance plan, you might not need it. they deduct charges cause insurance company do need to charge you by providing insurance coverage.

My take? No. not worth it. i rather take my money put in FD.

hi adele123,

tq for such a info..it help me a lot to make a wise decision..
i've heard is a combination of hla n cimb for these fund.

I would like to know more about this , as far as I know the premium only paid for 6years only. Am I right?

I would like to know more about this , as far as I know the premium only paid for 6years only. Am I right?

i just signed this plan for 3 months ago and i wish to cancel the plan now although i knw that i will lose the money that i paid before this. bt i found that the agent is lying to me and nt describe clearly to me and the agent is so untrusting. The agent keep ask me to pay money even before the due date for more thn 3 weeks with the bad attitude like im owing the money.they should remind you its about time for the payment but not asking you to pay money like u r owing thm. its so annoying. Any way can i cancel it?