honestly, there is no good/bad plans. different plans serve different purposes. As long as the plan suits your needs, then it is a good plan to achieve what people want. It will not be a good plan if it doesn't bring the value that people want. so i think let's not say that this Plan A from Company X is good/bad.

Agreed

The point is for all the restrictions, you end up no better or even worse than FD.

Given that you can withdraw FD anytime for the same amount you put in, unlike HLA plans, and there are penalties with HLA plans, it is a BAD plan, fullstop.

The only positive for such plans is forced-savings, and that's it.

that is true, if the plan are fully explained and buyer are "wise" to understand what that plan is all about......most of the time, if was the "seller" that make it so simple to project the high ROIs to get attention of the passerby.....
had been approached by similar offer in hypermarts/shopping centers....they would just tell you can get 20% pa ....you not interested meh?

i agree with u that by putting in FD, it can be withdrawn anytime without losing the principal. if people want to "lock" in a certain amount for long-term (let's put an example of 10 years) and they are determined that no matter what, they are not going to treat this as emergency funds, then they can look into endowment plans with suitable term that they want. if people want forced-savings, y not?

not everyone want the same thing. different people different needs, different goals


honestly speaking i will be interested - interested to listen how the plan works first, not interested to commit first! i believe that people who invest are actually smart enough to study how those plans work.

If I get approached for a 20% ROI... I'll walk away... if its too good to be true... then it usually is. Heck 20% ROI is what i'm averaging on my commodities in the last 5 years... and that comes with a shitload of risk..

the "high risk high return, low risk low return" is always true...

This I agree...

My highest risk investment.. SportToTo has yet to yield any returns....

i guess that is how some of the "investors" of skim cepat kaya also started.....

dasecret this comment so much win. #winliao

lukenn, Why you tag me? Want me to give grandmother story again is it?

I think HLA built such a bad reputation for themselves, we basically charge them guilty unless proven otherwise. I hope your agent could provide that proof, I really do. But at the same time, I seriously doubt it

Story telling time
Once I got a call from HLA agent, telling me that for RM10k premium I'll get guaranteed returns of RM2k. I told him straight off that this is grossly misleading to say you have a FD like product that pays 20%
Guess what he said? He say I didn't listen properly, he never say 20%... he just say for 10k annual premium you get 2k back every year.....

As to the product approved by BNM means must be good..... that's what agents always want us to believe. To be fair, BNM did a lot to protect consumer interests, last time if you surrender in the first 2 years you got no value back at all.... but at the same time, BNM need to balance that with the financial institutions' interests. If banks collapse who kena? So they have to make sure the banks n insurance companies don't collapse as well... that means they must make profit

BNM is not God, even if we want them to be, they do what they can within their power

Lol contradicting statement

This post has been edited by lifebalance: Sep 8 2016, 09:42 AM

can I say something about this?

First thing first, the agent giving the piece of paper as u uploaded to show us is already a mistake. It can be terminated her code if u complaint to HLA HQ at pj city 0376501818. This is fxxking serious misleading issue.

Secondly, no doubt u all are very "kin yao" to calculate the return, ROI, irr, etc... But don't forget insurance is not investment. U just named it as insurance. That is no any above mentioned terms in insurance plan. But "surrender value" or cash value always the key of myth. (This is not ur fault, u will thinking in this way is because the presentation of the agent. And the material she give u. It's just a marketing tactic)

Insurance company can be insert fancy, fantastic, fabulous features. But end of the day. When u surrender the policy. Company will only pay u according to the surrender value. Of course it will be higher or lesser. It is depending to the performance of their invested fund.

When come to this. U can always have the alternative way to check where insurance company parking their fund. Which fund, what fund, through which assets management which channel. When u can do it yourself. Why u rely to the insurance company do it for u? And charge u a service fees, allocation fees, policy fees blablabla

U all at the previous 3 pages discussed about commodity, futures, options, stocks etc etc.. I believe u are alrdy expert to handle ur own money into market and speculate it.

If u want to diversify ur risk. U want a back up plan. Yes. U can go for this saving policy. If u still aggressive mode to Korek money. Go learn forex trading.

Remember insurance company origin business is to take care ur risk. Janji u will to pay the premium. They will take ur risk. But conclusion HLA prime wealth is a good saving plan among so many insurance company.

AiA have one more plan pay 5 years only. 3rd year break even. 5th year surrender alrdy making money. Pro rated like 3.++ % per annum. (Same to fd? But don't forgot the protection as well) banks FD don't give u protection. No agent approach this plan because commission is only 3.9%

What a joke

There is a plan that covers 1.5 mil death and tpd with 50k premium for 5 years payment plan. Got investment and protection as well.

Um... I'm left to wondering if you guys are really so blur, or you just wanna take one line out of a conversation and put in your own interpretation

This post has been edited by MeToo: Sep 8 2016, 10:28 AM

1) insurance is LONG LONG TERM. 9 years is 'short' in insurance sense. so, sad to say, agent has mislead you (the minute i saw 9 years, i know)

2) agents are gonna sell you like it's REALLY good.

Thanks for your feedback, some good points there.

Actually to be fair there was no mention about any insurance part.

As for Forex... i would say that is the number one do or die investment (maybe after Toto la), I only do one thing on forex.. that is to bet AGAINST the Ringgit... whenever it strengthened, I have a tendency to short it. Ofcourse due to it being a lame currency... the buy/sell spread is huge at like 50~150 points.. so its pretty tricky as well. But thus far that's the only one currency i consistently win on.

At the end of the day, as many gurus here have pointed out, I have several items that I need to re-clarify in more concrete terms with the Agent, which is what I expected as the initial talk was to gather some numbers and run some quick numbers to see if its still worth the time for a second chat.

Oh as for the excel sheet, it was my poor attempt at putting everything on a quick piece of sheet and cutting pass all the long explaination etc

Guess what... same marketing spiel here... the bonus for 100k deposit 20K... i say.. u mean 20%... she goes "nonono... its 20k!" Hmmm....

But at the end of the day, no one will dispute the insurance is out there to make money for THEMSELVES.. and not us... we can just try to get the best deal avail;able out there.

I'm still open to other alternative for something along the lines of 5~10 yrs, safe 'investment' with decent returns. Bro AIA have shown me something which i will run some numbers and compare.

Its not an insurance, I didnt think there was any mention of protection of big big payout incase I fell of a building or something. More like if I die.. they guarantee to return the principal...