Hello ,

I was introduced by a  banca staffs at Hong leong bank ..

Sounds good ,, but I wonder others is offering the similar product ..
Pay 10 K ringgit per year for continue 6 years = 60.0000.00

Returns will be good after 10 years ... Not advice for short time investment ...

Including riders of total permanent disable. And Old age disable ...
PleAse refer photo attached photo .
Please comment comment  and advice

Hello ,

Thank you very much  for the reply ..

Yaaaah .. The gain of 10 years over bull and bear does not sounds right ,

But I do look at the riders benefit .. Which is include of this plan ...

Pay up six year or not actually is not a main point of consideration at all.

Six year big sum
vs
smaller sum every year for 20 years.

The latter may have more advantage if look from cashflow perspective.

Because you throw in more money from the start.
Just like you put FD more in the early year instead bit by bit every year, you get more interest.

actually the problem i'm trying to highlight is not whether you throw money earlier or not, etc. all your points are true but doesn't apply to this HLA product.

for this particular product... the customer pays THE SAME amount of commission whether he pays 6 year or 20 years... now the customer is supposed to pay RM10k for 20 years, then now shorten to 6 years, with reduced insurance coverage, commonly known as paid-up in traditional policy terminology.

commission is not reduced, hence ie customer is really paying same amount for lesser by choosing this paid-up option. not advantageous to the customer.

er... you misunderstood. my point being the same is not 40% for 6 years..

what i mean is that the above still applicable to this customer. by stopping premium payment after 6 years, it's not advantageous to the customer when the money really start going in on from 7th year and onwards. that's what i'm trying to say.

Sorry for hijacking your thread but the admin locked mine and suggested me to move over here
*Continue from: https://forum.lowyat.net/index.php?showtopic=3881191 *
To be honest, I have no clear vision on what to gain from this as it's a spontaneous casual suggestion from the agent (My friend) but I guess low risk investment with some returns is good enough for me
1. No idea but I won't be expecting too much
2. When it hits maturity? (11 years)

BTW I already have a separate insurance coverage so I'm not sure if having another insurance coverage from this plan is a good idea or not
My main concern is that the lock in period, says if I were to purchase a car in future, assuming my salary remain the same, I wouldn't been able to fork out another few hundred ringgit for the installment

so this HLA gain is endownment traditional plan, investment link or universal product