Anyone do any research on this product by Prudential under UOB? I tried reading the tnc and could not find any suspicious part. Capital guaranteed. Annual income of 4.8%. Short term 2 years. Better than any fixed deposit return. Please enlighten me. Thank you.

https://www.uob.com.my/personal/insure/digi...uezy-saver.page


Not trying to sell this product but more like trying to find out what is the catchy part of this product before making any decision. Seems too good to be true as Prudential themselve also do not offer such good product.

This post has been edited by Angelpoli: May 24 2023, 10:59 PM

Go read disclaimer

*This consists of Guaranteed Annual Income of 3.00% of Total Premium Paid and campaign payout of 1.80% of Total Premium Paid. It is payable until death/ Total and Permanent Disability (TPD), surrender or maturity of the policy, whichever is earlier and subject to campaign terms and conditions.

The actual payout is only 3% while the 1.8% it is under the campaign top up but I doubt about it as well 🤦‍♀️

Yes. Provided u buy it during the campaign period. Then u entitled for it. Meaning guaranteed 4.8% as per they advertised. I could not find any loopholes they trying to play. Hopefully someone experts at here can enlighten me.

the most suspicious part is where i could not locate the PDS or T&C

is there if you look properly

you plan to find out more? looks good actually...

they untung if rate go sky high as they already lock you in for 4.8%... is a secured cost of finance to them...

Yea. I plan to ask the uob too. 4.8% is quite high at this moment and only lock in period for 2 years. It's from uob. So unlikely is a scam. Just worry there's a catch on it.

Remember to ask and confirm the
"100% capital guarantee at maturity"

thanks...

over at the fd thread... some banks giving 4.35-4.5% fd now... and also some foreign fd even higher... so 4.8% is ok, but max 20k a bit low

I asked. It's confirmed.

Yes. I plan to ask in the fd thread as there are more people replying at that thread. Currently at this moment 4.8% is the highest i think. Previously highest is 4.8% by public bank too and that is last year promo.

The confirmed 100% capital guaranteed upon matury is when the plan continued till maturity... what about half way?
The plan could be for 25 yrs?


The extra 1.8%pa is for 2 yrs only

This post has been edited by MUM: May 25 2023, 01:07 PM

it's a savings endownment plan which typically not worth the time.

Check what is the underlying product under this endowment and if it is bonds beware another CS might happens because underlying asset disclosure

No, the plan is 2 years. Policy and payment terms both 2 years. After 2 years matured u take out all the money.

Yes. It's saving plan. But the return and capital guarantee is similar like fixed deposit which caught my attention and makes it worth the time to understand it.


But it's capital guaranteed. So it's like u put inside fixed deposit. Then they invest in where should be wont affect your guarantee terms unless u void the tnc first or the company or bank bankrupt which then fixed deposit more than 250k also not under insured.

This post has been edited by Angelpoli: May 25 2023, 03:34 PM

Do you have to pay a monthly premium for 2 years ?

It's a yearly premium if not wrong. Minimum 1k, max 20k. U pay 10k this year, then u need prepare another 10k for 2nd year. Anyone please help enlighten me any catchy stuff before i proceed.

I think the catch is your commitment to keep paying up until the term ends. Feels like its slightly better than the 4.5% 24 months FD
Insurance companies sometimes offer these short promos, like AIA did it as well. I think it is for liquidity boost

Do note that they stated the payment method is only limited to Malaysia Debit/Credit Cards, while the payment frequency is charge annually.

I was searching information about this as well, it's not stated in the product disclosure sheet.

High chance the maturity date will takes more than 2 years.

It was mentioned in their T&C, point 6
PAMB shall have the discretion to decide in respect of all matters and disputes concerning this
Campaign in accordance with treating you and other Eligible Customers fairly, including
substituting the campaign payout with other forms of gifts/payouts of equivalent value.

meaning the 1.8% campaign payout may or may not be in cash?

i dont think it's so simple like that..
You pay RM10k first year gets 4.8%
You pay RM10k 2nd year gets 4.8%
Then withdraw everything on 3rd year ?

2nd yr 4.8% is for 20k...

rate is for total premium paid iirc... but yeah this is what it says


This post has been edited by dwRK: May 25 2023, 04:56 PM

No such thing as capital guaranteed in the 1st place as the fund manager or insurer can go bust anytime 🤦‍♀️

Only those with PIDM insured members can claim that their capital is guaranteed for savings and FD however subject to certain minimum level

Don’t just be blinded by the words of capital guaranteed and slightly higher than FD rate when things can go south easily if you don’t understand on what you are buying 🤦‍♀️ as there are no such thing as capital guaranteed in the 1st place other than actual cash in your bank account 🤦‍♀️

Definitely won’t be in cash and most likely would be payout in form of reinvested units being distributed

Hey OP,

Not sure if you signed up for it. I'm interested in signing up also. If you already signed up, can help answer some questions?

1. Overall so far hows the experience?
2. Were you able to claim any tax relief(s) on this product? (not sure if can claim under life).

1) sign up process is 100% online.
2) yes you can park this under life insurance. They issued the statement on this to me

Do you know if there is a limit to the number of times you can buy this policy? Eg buy another one after a couple of months?

why does a savings endowment plan not worth the time?

Lousy returns Vs EPF. Not to mention possible no payout if you didn't put in money as scheduled or do early withdrawal. Too much hassle of needing to read all the fine prints for lousy returns.

Some plans even worse. Ask you to pay for 5 years. Then slowly refund you the amount paid at below promo FD rates!!!

People get hooked monthly payment.

This post has been edited by Ramjade: Aug 12 2024, 10:03 AM

This one is 4.8% with two times payment.

Not all endowment are created the same.

thanks for the enlightenment.

Yes. Still need to read fine prints. I won't waste money on all these endowment/savings plans.

They have no place in my portfolio.

This post has been edited by Ramjade: Aug 12 2024, 01:25 PM

Most of the time, insurance savings endowment plan is really subpar return and / or it's super long term. In those scenario, EPF might be better.

This pru ezy saver does work differently.

1 person 1 policy.

Try to understand the T&C first before you tembak.

This particular plan pays 4.6% and for 2 years. Yes, it is lower than EPF on average. But it is 4.6% guarantee. And you can take out the money after 2 years. So this is an alternative to those chasing FD.

This post has been edited by adele123: Aug 12 2024, 02:31 PM

Thanks for the info. Still not interested when I can get 6%p.a easily.

this seems a good alternative to FD now only 4.1%

Seem too good to be true if can get 4.6%pa and take all out after 2 years.

max can buy only RM20k?

any one can share the T&C please.


Found out

It is not like i thought
totally out for those who think can
put money in and earn 4.6% pa x 2 years

No way!

2years maturity - wrong!
after 2nd year you CANNOT get back 100% of premium paid!
guaranteed is only 2.4%

forget it!!





This post has been edited by guy3288: Aug 12 2024, 11:39 PM

Haha... Thanks. I knew it. Too good to be true.

This post has been edited by Ramjade: Aug 13 2024, 12:27 AM

read more here

I dont earn sales commission and i dont work for prudential or UOB. Mau, tak mau, i am just explaining the facts.

1) Hold it for 2 years, early termination got penalty.
2) After 2 years, you will get it back in full. There is a 2nd year "payment".
3) base 2.4%. additional 2.2% is under campaign.

Read the PDS and the campaign T&C. These 3 points are there.

aduh learn to read la...

and don't bold your words if you are not smart to begin with...

1. Annual guaranteed payout of 4.6% of Total Premium Paid (this consists of Guaranteed Annual Income of 2.4% of Total Premium Paid and
campaign payout of 2.2% of Total Premium Paid) will be payable at each Policy Anniversary, provided the policy remains in force
2. 100% capital guarantee at maturity

dont lah try to mislead people saying can put money there

can earn for 4.6% pa return
after 2years take out all
as if can earn 4.6% return x 2 years

Talk big no use
show me in numbers

I can put in RM50k today 13.8.24

Next year 13.8.25 i can put in another RM50k

Tell me when is the maturity date?

you say it is 14.8.2026?
If not you are cheating

Tell me on 14.8.2026 i surrender the policy

Would i get back

1) My premium paid total RM100k
2) Annual income 1st year 4.6% x 50k =RM2300
3) Annual income 2nd year 4.6% x 100k = RM4600

if i can get back RM106900 on 14.8.2026
then you are good to go

I have no obligation to convince you but since you are being a smartass, here you go:



I hope this can slap some sense into you.




Attached File(s)
 PRUEzySaver_Product_Summary.pdf ( 158k ) Number of downloads: 98

hello bro did you read or not?
dont act like smart ass ok?


First you simply hantam can get 4.8% pa for 2 years.

then you tried to mislead others here

the misleading parts you tried to hide is stated there

annual income is ONLY payable PROVIDED the policy remains in force


i can tell you on 14.8.2026
after 2 years when i want to withdraw
I would get much lesser than i have
calculated above

Are you not cheating there?

It was 4.8% last year, you may refer to the discussion above.

Only this year they changed it to 4.6%

On the calculation, 2 years later you will be getting back 100% of your total premium paid and 4.6% of return on the total premium paid.

Is that so hard to understand?

not hard to understand,
then you answer confidently lah

Yes, buy today, your 2 years maturity is 13.8.2026
Pay RM50000 a year x 2 years ,
you can get back 4.6% return ,
end of 2 years dapat total RM106 900

Berani confirm?

Put RM50k in "FD" you get 4.6% return
plus free life insurance
free TPD cover!!

apa susah mahu confirm kalau you faham?

Tak tahu baca product sheet? Kesian everything need to spoon feed.

I feel sad for everyone around you, sendiri salah still want to argue.

I rest my case.

end of the day, it's still capital guaranteed. some will find this reassuring.

Another similar endowment plan

https://www.etiqa.com.my/v2/savings-insuran...une-5-insurance

This post has been edited by victorian: Aug 14 2024, 10:55 AM

AIA used to have such endowment plans as well. those were the days. not anymore.

Example, u put 10k u get 4.6% for 10k first year.
Then 2nd year u top up another 10k then u get another 4.6% for 10k(first year) + 10k(2nd year top up). Maturity at end of 2nd year where u get to withdraw everything u put in plus the 4.6% interest. I think quite straight forward.

If really can get 2.4% + 2.2% = 4.6% return pa x 2 years

with free life and TPD insurance thrown in.

This is really the best "FD", i would want to buy the MAX of it.

i bought RM1000 just to get hold of a Policy,
the campaign 2.2% extra is no where stated in there

so i emailed my Policy number to Prudential ask if my policy qualified for that 4.6% pa
this the reply from Prudential...

"......The product is giving 2.4 guarantee annual payout but currently under campaign additional of 2.20 percent. If you entitle under the campaign yes, it would be 4.6 percent meanwhile under normal purchase product it only would be 2.4 percent. Total premium paid is guaranteed after the policy is matured............."

and he pointed out the clause..

The Organisers shall have the right to decide in respect of all matters and disputes concerning this
Campaign in accordance with treating Eligible Customers fairly, including substituting the Campaign
Payout(s) with other form of gifts/rewards of equivalent value.

you try call Prudential or UOB see what info you can get........

read the T&C ourselves, it seems there is quota for that..
quota sudah penuh tak dapat 4.6% how?
buy 2 policies how? only 1st Policy entitled for 4.6%
they dont know the asnwer.

this is the reply from Prudential

"....You may contact uob to confim the offer and maximum is RM 50,000.00 per life tranche----"

i only bought RM1000, still he was not able to tell me yes, you can buy more until max RM50k.


This post has been edited by guy3288: Aug 25 2024, 11:32 PM

I applied for PRUezy Saver plan via the UOB website link.

At the last step (payment), I keyed in the credit card Bank OTP and submitted the payment, but the transaction did not seem to be completed, as there was no SMS confirmation from the bank that payment was successful. Instead a small message appeared on the screen, can't recall exact wording, something about payment can't be processed due to ....

However, I received an automated e-mail from Pru shortly after that, advising this:

"Thank you for applying for the PRUEzy Saver plan. This is an insurance plan underwritten by Prudential Assurance Malaysia Berhad. Kindly be informed that your application will be subjected to further underwriting and we will provide an update on your application once the processing has been completed. Enclosed herewith the e-Application Form, Product Disclosure and e-Direct Credit Form for your reference." etc., etc..

Seems my application is still pending? Was my payment successful, but pending Pru approval for the plan? Just a bit confused.

Anyone went thru the same process as me?

This post has been edited by BWassup: Oct 22 2024, 12:15 PM

Pru system problem on 22/10. Debited on 24/10 and investment completed.

The campaign details and payout of 2.2% is stated separately from but is within the policy document. To me that's good enough to confirm that we will indeed receive 4.6% return, in total.

hi guys, just got email offer for this pruezysaver guaranteed 4.6% for 2 years..

i haven't gone through the nitty gritty yet and overall im not a fan of insurance, in general.

so just some quick questions:

1) so this is a 2 year plan right? after 2 years can I cancel the plan? any penalties?
- Assuming no claims and whatever, so if 1st (25k) + 2nd year (25k) = 50k + 4.6% returns = 52,300. Will i get back 52.3k after cancelling this insurance/investment plan after the 2 years is up? and is there any fees associated with it, etc etc

I'm also not a fan of insurance investment product, but this is as simple as an endowment plan goes.

The simpler the product, the better it is.

After 2 years, your plan will mature (the term is not cancel) and you will receive 100% of your premium paid + the 4.6% return on total premium paid (1st year premium *4.6% and 1+2nd year premium*4.6%).

Plus if claim for TPD and Death is 110% of the total premium paid.

Just to back my statement, this is the first year return that I received in August 2024.

Previously the campaign was 4.8% when I subscribed, and my annual payment is RM5k. If you pay by a certain credit card, you can get 1% cashback

So 5,000*4.8%= RM240
Next year I will be getting RM480 + RM10,000 (my principal)




*Note: I just realized that there is a 0.1% commission on premium paid in the PDS (I was quite sure if wasn't there during my time). In this case that will reduce your total return to 4.5%.

thanks for the summary on how it works. Sounds like a good deal then..

will read up the T&C further when i have the time

Slight correction, the 0.1% commission do not explicitly being charged from you as a customer. It's a "priced in" thing. Basically 4.6% is what they promised you, that is what you are getting.

Also the 1st 4.6% is payable end of year 1 based on 1 year worth of premium.

It's not a special offer, anyone can sign up. Just need to have a uob savings account.

This post has been edited by adele123: Nov 27 2024, 09:29 PM

So, has anyone tried to go through and clicked "Get a Quote"? Do they quote you based on your circumstances? So everyone has a different tailored "price"?

everyone will be getting the same rate, its just adjusting your annual premium.

Hmm... So even if I want to only save lesser, but if their premium is higher and out of my budget, it'll be a no go at the end of the day.

dont understand.

how much premium are you aiming for?

Their minimum annual premium is 1k, you are looking for lower?

Premium amount
The annual premium amount depends on your selected annual premium amount, with minimum annual premium of RM1,000 and maximum annual premium of RM50,000 per customer per tranche. Premium amount must be in the multiple of RM1,000.

current one dropped to 4.2% ady.. seds

Not very sexy anymore. ASM should perform better. But there are scenarios that makes sense as the 4.2% still a guaranteed return.

Some will argue better take cash offset housing loan if that costs > 4.2%

Bump this up. With FD currently at most 4% and asm not easily available, 4.2% here seems to be reasonable.
I bought mine in 2024, received my first 4.6% return as advertised, and will get the final round next year upon 2-year maturity.

This post has been edited by justanovice: Jul 22 2025, 08:13 AM

is a 2 year policy
how can you get paid half way ...

4.6% for 1st year RM50k = RM2300
sudah dapat?

Yes bro sudah dapat .. rm2300

Next year will get rm4600

surprising good
automatic banked into your bank
or must go and claim?

Must buy insurance policy from them to be eligible?

need to have UOB Savings account

is a ' FD' 4.2% for 2 years
with insurance x 2yrs FOC
too good

Auto deposit into uob account. As it is sold via bank via online only, mandatory to have account first. No agents fee makes a big difference hor.

Yes

Yes. With rates going down, can consider, since next year probably wont have this rate anymore

There’s 1 catch. FD if we break halfway, we get back full capital with no penalty and no interest.
If we cancel the policy early , apart from no interest paid, there’s a penalty too. Between 1-2% of amount paid depend when a person cancel the policy.

This post has been edited by justanovice: Jul 23 2025, 08:08 AM

No need buy insurance policy la

The plan is offered to individuals who:

are a UOB Malaysia customer with existing UOB Malaysia savings or current account;

Eh not bad wor. Just found out about this product. So happen I have cash don't know where to park. Maybe I will consider this.

best part this 'FD' no need use own cash
use credit card

essentially swipe card
take cash later

and join PBGR campaign
get CB RM50 bonus

This post has been edited by guy3288: Jul 27 2025, 02:46 PM

i use this to fully utilise my tax relief for life insurance. still not really sure how it works. waitin for full maturity on mid of december this year then onli consider worth d time n hassle to park there or not.


Attached thumbnail(s)

Received both the Guaranteed Payout of 2.4% and the Campaign Payout of 2.2% today.

My Policy Commencement Date was 24 October 2024.



This post has been edited by BWassup: Oct 28 2025, 10:39 PM