Thank you, adele123.

HLA EverGain Plus has annual premium to be paid rite (like every year till the policy ends - i dont wan this kind of commitment)?

That friend is somehow considered best friend of mine so kinda hard to reject if he hard selling HLA product to me later. 

Once i meet my friend, i will come back and ask more heheheheeee......

After reading here and there i have come to a conclusion and it is purely my opinion. Please correct me if I am wrong. I didn't look really into details the technicality and the numbers, I emphasized more on the features and concept.

Pros
1. Its an insurance therefore there will be payout if touch wood anything happens
2. And at the same time it gives you return on your premium paid. e.g you paid RMxxx and you get back RMxxx + RMxx (returns depending on the fund performance) at maturity. If the fund really perform then jackpot lo if worst case scenario you get back return almost equal FD.
actually if the fund really perform, due to the fact that it is a structured product, they tend have exposure to fixed income fund, to stabilise their return, so best case scenario is about the return of a balanced fund. Worse case scenario, at current progress is worse than FD. a colleague of mine calculated about 2%. Also because it is an insurance product, they will deduct units to pay for insurance coverage, so your actual return if even worse scenario will be lower

3. Its protected by PIDM means its a recognized product. Bank savings account also protected but lesser than insurance.
PIDM protection limit for bank savings account is 250k per account and for insurance is 500k per policy for amount payable upon death.

4. Its capital guaranteed so this means if you put RMxxx you will get back RMxxx guaranteed... right?? - pls correct me if I am wrong.
it's not capital guaranteed. the mechanism is it has a minimum price AT maturity. only guaranteed at maturity. and only the price is guaranteed.

Example: assuming simplicity... you have 5 years premium, you bought 1200 units at RM1. Then at maturity you have 1000 units at RM1.30.

You capital is RM1200. Your current value is RM1300. This example assumes RM1.30. if any lesser, it's breakeven or negative. So NOT capital guaranteed. you ask why will the units be less, because the units are deducted to pay for certain charges.


5. Its also for legacy planning cause apparently if you goes down under (dead), touch wood, your next of kin will get cash from this plan within a short period compared to other assets including cash in bank accounts which might take too long to be transferred to your loves ones and also properties which might take years to settle...
FOR ANY insurance AND provided there was nomination done, this is applicable. not just this product

Cons
1. It will locked your money until maturity: early withdrawal will not get back your full money invested. Therefore must be pretty sure you won't use that money until maturity.
2. It won't get as high return as other investments such as shares or even maybe unit trusts but those are also riskier..
the underlying is asset invested equity-equivalent. NOT any less risky compared to unit trust
3. The return might even be equal to FD but FD no insurance coverage on you ma...
it can be less than, as above
4. If you are so into returns maybe you should not put your money in this instead invest in riskier schemes...

Anything else??

Hi adele123

If the performance is worst than FD i.e the plan achieving only 2% return then that's really bad..

From what you have replied for Pros = 1,3,5 it is fine for me but for 3 just to clarify, I thought PIDM is to protect the depositor from an institution like a bank when it goes bankrupt.. Are you saying if the bank goes bankrupt PIDM will payout when the depositor is dead??

For Pros 2 and 4 I hope you have some actual past performance that you can share to support your answers... I just want to be crystal clear if you don't mind

For Cons number 2 - even if the underlying asset is unit trust itself but there is already a guaranteed price so I guess it will be less riskier than unit trust right? correct me if I am wrong again.

Thank you

Hi, anybody know how much commission will the agent get when close evergreen deal ?

e.g Yearly 10k deal

Hi, anybody know how much commission will the agent get when close evergreen deal ?

e.g Yearly 10k deal

i think this fund u cant just pay 6 years n put there until maturity,
it is intended for u to keep top-up the unit when price low to owned more unit until maturity

anyway. can you share how u calculate the compounded interest return? thx

Dear all, is it good to invest in this plan? There's one agent approached me and introduced me with this plan too.

I read some negative reviews on this plan, should I not to go for this plan?

Dear all, is it good to invest in this plan? There's one agent approached me and introduced me with this plan too.

I read some negative reviews on this plan, should I not to go for this plan?

15 years is too long for most of us here, I think

I was approached by HLA agent and he intro me 3 different plans:
1. Pure savings plan
2. Hybrid savings (guarantee 12% annual return + interest rate return for Evergreen fund investment)
3. Full investment plan (as mentioned above, invest on Evergreen fund).

After researching this thread, I guess better for me to stick back to FD...