Thank you very much for all the responses to this post. Someone just approached me regarding this HLA plan which invest in CIMB Evergreen fund. After reading all the posts (especially adele123) it refreshes me of those info I knew last time but never looked up for a long time since. This helps me to make an informed decision

I want to mention that there is one special feature about the fund.

During the investment tenure, if the fund has very good performance before maturity but then fell off to/below the guaranteed value, there is a "gain lock-in" feature such that it will pay the highest value achieved prior to maturity when the policy is surrendered at the maturity.

Another point that the agent mentioned was if the fund performance continue to be poor after one started the investment, the investor should invest more (up to 6x the initial annual investment) to capture the low price, especially after year 6th since 100% of premium paid will go to investment (minus some insurance coverage charges). This is provided the investor has the capacity to put in more money.