i think it will be ok if they only show what they can offer. not compare and yet wrong comparison some more. it is not logical even though u glance through the amount that normal 3% FD rate can give.

Agree with the above, when you make a comparison, at least be fair with the comparison and not based on an apple and an orange.

The comparison between savings in a bank and savings with Prudential.

With Prudential, we have this plan called Prucash Booster. As illustrated below, if you save RM3,000/year (Equal to RM250/month).

As you can see, first year no bonus. But starting from second year, you will receive RM1,200 of bonus every year for 29 years. And upon maturity at Year 30, you will receive double bonus amounting to RM2,400. Plus all your savings and returns, accumulative up to RM112k (if you choose to take out the bonus) OR RM152k (if you choose to just accumulate bonus and savings)😍😍

Interested? Just PM me

Accompanied posts that's copied word by word and going viral

Have you done the report to the relevant parties?

No problem with the above statement but as mentioned earlier they are trying to hide the real fact of the bank compounded interest..

If an agent can fail the math to calculate the interest earned for the client. How is he suppose to explain it to a client on a particular figure in the sales illustration compared with a given comparison?

The above is acceptable if they include the real compounded interest earned by the bank as well vs their product.

Yep. so far no news. I think I'll shoot one to BNM. does anyone have an email on BNM side?


well the image itself already speaks a thousand words as they are indirectly saying Prucash is better than banks. an auntie or uncle sees it as it is

After looking back at the illustration again

Its purely misleading as the person wanted to show that PRU cash gives RM1200 per year while bank gives RM3.

This statement will definitely gives them the sale but good bye to their license as well.

Assuming the end figure is 152,000 by end of the tenure. That average out to 3.19%. As compared to the same with my earlier answer to the FD compounded interest of 3%, it comes up to 147,008.035.

If the above statement is shown I would say their sales will not be as good but at least it's truthful.

ILP vs traditional. Which one better?

Please enlighten me sifus.

ILP
- Cheaper than Traditional
- Normally there is some flexibility such as Adding or Reducing the coverage in the near future
- Cash value is non-guaranteed
- More riders can be add on along with the plan

Traditional
- Expensive than ILP
- Not flexible with the plan, no changes can be made in the near future
- Cash value comes with guaranteed and non-guaranteed portion
- Less rider can be add on compared to ILP

Which 1 is better ?

Really depends on your purpose and planning as well as also which is more suitable to your budget.

The Life Planner will be able to advise you accordingly and not based on hard sell.

there is no a definite answer on which is better. most importantly does the plan helps and benefits you and whether it fulfil your needs and solve your concerns. then it goes down to the comfortable budget you can commit.

Dear forumers,

Wanna a case regarding myself .
My dad bought smth like an endowment policy for me 10-20 years back . Recently he told me it's matured but forgot the insurance company and misplaced the policy .
My question is there any possible or ways to check out which company it was ? We move to few new homes so I think my dad didn't update the address details .

Do hope few experienced master would give some advises and ideas ..thanks

Your dad needs to go to the insurer and present his IC to check whether he has any policy with it.

If you can't remember at all then you might have to call up each insurance company and check with your IC number to see if there is any existing policy under your name.

you can start hiring wealth seekers who actually hunt for any investment you have made over your life time and they will even assist you in acquiring these funds.

of course they get a cut out of it. I think there's a thread on this before

Thanks for the feedbacks sir.
The problem is my dad deposit bought it when im a little boy and just informreality me lately regarding this issue. Just a blue policy book which I dont know which insurance company using it. Thats why im so heache currently

This post has been edited by anson lee: Apr 8 2017, 01:58 AM

Ok thanks for the feedback toi
Will search around regarding what u mention .thanks again

Maybe snap a photo of the book? (Without any personal details of course)

Sounds like a John Hancock life insurance policy, probably check with Manulife?

why ur digital team cannot take action if no ppl report?

Er. I agree with the other guy, just call up to ask every insurance company if you have policy with them.

If blue, can eliminate prudential, great eastern and aia, which i believe has always been red. You just need to hentam and call few more companies to check. I dont think need to actually hire someone to do it. Lol. Only 11 more life insurance companies to check.