once in a while something similar like this pop up in this forum.
while waiting for others to comments..
try read this....hope it helps
i think it is "almost similar"

HLA Cash Promise, What's All The Fuss About?
http://invest-made-easy.blogspot.my/2013/1...fuss-about.html

"Returns will be good after 10 years ... Not advice for short time investment ..."
Please provide the IRR......

Put 60K and after 10 years, possible to get back with scenario
1. Bear, 62K
2. Flat, 73k
3. Bull, 87K

Even with the bull scenario, it is only 87K.
Mind that it is not guaranteed to be, if the market and economy condition is not favourable, the final outcome can become 62k as well.

60K become 62~87K based on projection (which is not guaranteed what number to be) after 10 years is considered a good return?

Those who know me knows that I use to have negative things to say about this type of saving plan product. However, for this post, I will write conversely, to give a balanced view. For this post I will talk about why to buy these type of product and who benefit from it most:

I) Saving Plan / Annuity or whatever you call it is basically you pay a certain fixed amount for a fixed period of time and in exchange the product provider will promise to pay you regular cash flow for a specific time period or until you die, depending on the product feature.

II) The IRR is usually low compared to pure investment products such as UT / Bond or stock market. It is usually in the range of OPR + 1.5%. If you see this as a tool for wealth creation... look elsewhere.

III) IMO, such a product is a good tool for wealth preservation / distribution.

IV) Firstly I say wealth preservation, meaning this product is good for people who already made enough money elsewhere be it from business or high income salary where they do not want to take anymore excessive risk. Such a product with its fixed income feature will be attractive to these people. If you are a just a regular salary man and you need to create wealth for, say retirement, then this product is too conservative for that purpose.

V) As a wealth distributor: This tool is very good for distribution purpose to your next of kin because this tool comes under insurance product. This means that you can put your children or spouse as the nominee and should whatever sh1t happens to you, the creditors cannot touch this portion of money. It is a social safety net. As the income is periodic and fixed, it is a great tool to pass wealth in a responsible manner to the next generation who may be financially frivolous.

For the people who are interested in point IV) & V) , they usually do not mind the low IRR as they have already achieve the desired wealth. They are now looking for wealth preservation and distribution.

OK, now.. you HLA agents out there, go and sell this product using my points discussed and stop disturbing regular salary men and women who are yet to build their fortune. Go and disturb those rich uncle, makciks, aunties and tycoons.

Xuzen

My advice, if you main main purpose is investment no. i'll explain later when i have more time. as for the points given by xuzen, i agree, BUT doesn't apply to HLA Evergain Plus. i'll explain later

back to the point given by Cherroy:
you pay 60k you get back 87k... - actually in reality the projection is lower. your agent told you pay 10k for 6 years. but to be honest, the 87k is assuming you pay premium for 20 years. so in fact the projection is flawed if you said pay 10k for 6 years only. (how i know, cause i know how those illustration works, so 87k is not even the amount you get if you pay 6 years)

At the end of the day, can you at least answer one question... what is your purpose of setting away this 10k every year? has this achieve your purpose?

Actually this HLA EverGain Plus is an investment-linked insurance policy. Hence the point I) and II) doesn't apply in this case. not that i disagree, just wrong situation.

actually hor, you customer or agent? feels a bit fishy now.

HLA EverGain Plus is designed to be a policy whereby you pay 20 years or 25 years. because the coverage is 20 years or 25 years.

SO, when you said 6 years... 6 years is an option offered by HLA to reduce the premium payment term. BUT by choosing the options, the coverage enjoyed by the customer is lesser.

YES, you have clearly stated 6 years. i'm trying to help you by letting you know that what you see is NOT what you get if you pay for 6 years only. WHAT you see is provided you keep paying even after 6 years.

similar product? any other insurance company out there can offer a similar product. it's just an investment-linked insurance product. compare pros and cons, other companies might be slightly cheaper, project that you get more money after 20 years.