Apr 27 2018, 10:03 AM
QUOTE(kochin @ Apr 24 2018, 04:54 PM)
capital of say RM32k per annum for 6 years.
first 6 years get RM4k per annum.
subsequently next 14 years get RM8k or so.
anyway long story short, pay total of 32kx6 years = approx 192k
get back over 20 years period = 142k interest guaranteed
insurance if unclaimed, 50k guaranteed at end of period or balance left if there's claim
unguaranteed bonus estimates rm90k at the end of period.
Saving plan is mostly rubbish..first 6 years get RM4k per annum.
subsequently next 14 years get RM8k or so.
anyway long story short, pay total of 32kx6 years = approx 192k
get back over 20 years period = 142k interest guaranteed
insurance if unclaimed, 50k guaranteed at end of period or balance left if there's claim
unguaranteed bonus estimates rm90k at the end of period.
Capital 192K.
Max Get back = (4x6)+(14x8)+90+50 =276
Returns, 276-196 = 84
Simple rate of return = (84/192)/20 ~ 2.18%
Good return? There is a risk of getting near zero as well..on the unguaranteed portion pffftttt...
Let say you put the same amount in FD, 4.3%.. compound the interest you get back RM 402,159 at end of 20 years period.
That is why I never pick up phone from my RM one.. too much hard selling on nonsense products:w
This post has been edited by gark: Apr 27 2018, 10:05 AM
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