Website says otherwise wor

Potential financial gain: You may receive potential upside in the form of yearly cash dividend and a terminal dividend that is payable upon surrender or maturity of your policy. These dividends are non-guaranteed.

And whilst you get 20% of annual premium guaranteed, that amount is only payable to you when you surrender right? Can you take that 20% at any point by forgo-ing the 5.25% interest?

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