Yes. because HLA is an insurance company.

and yes... but bear in mind THIS IS NOT investment product. if you are looking to invest and get something in return in 3 to 5 years, THIS IS NOT the way to go.

If need insurance get a purely insurance product..  If want to grow money by their interest,  avoid this.  Go elsewhere to do investment..

Venture Invest Plus is a single premium investment-linked insurance plan.

In layman terms, it works almost the same as a normal unit trust product... you put in premium once and ONCE only... (you can top up like unit trust product, as well) Except that if say the customer passed away, the insurance company will pay either the investment fund value OR the basic sum assured, whichever is higher.

SO... explanation aside... i am 99% sure what your friend recommended is this:
HLA EverGain Plus

To be honest, what your friend said is rather misleading...

Being an insurance product, and especially within the first few years, the money that you get back will be very much less the amount that you have paid. So, my personal opinion is that if you are looking for investment product, not HLA please.

IF you looking for insurance product, NOT this HLA EverGain Plus. The way they sell their insurance products, is rather misleading and not to your advantage.