ya my gf encountered this as well.
1st year, they will take 30% of the money as something like service charge (for handling your fund). 2nd year they will take 15% of the money as service charge and starting from 3rd year all your money (RM100/month) will goto the fund. Meaning starting from 3rd year onwards, your money will go fully to your investment and there will be no monthly charge after 3years. however for those yearly charges, it will still be there. in short this is a long term investment. basically, this product can only be sold by some certified personnel in Maybank. but it seems like those who got no knowledge on this also selling this to customer.
of coz u can withdraw from this product, but you'll lose half of your money for no reason. i think you should go to the lady who intro you this product and ask if she is certified to sell you this.
PS: did you get any document/insurance policy for the insurance? they should have sent you this, else you should report this to maybank and ask for one. the insurance only covers death/ permanent disability.

This post has been edited by heuristic: Sep 8 2008, 10:41 PM