Investing Experience -
Risk Profile -
Followers
0
Following
0
Blog Posts
0
Threads
2
Blogs
Threads
Portfolio
Follower
Following
Summary
Total comments
2
Past 30 days
0
Past 7 days
0
Today
0
User Comments
2012-05-25 10:57 | Report Abuse
hi TEH, let me clear your doubt:
1.On investment wise
1a)How is the return is "guarantee"? - guarantee as in they provide you a fixed high interest together with a non-guarantee cash dividend which depends on company performance of the year.
1b)What if i stop paying the monthly premium, the how? and one day if i want to resume the plan how? - you can choose to pay premium monthly, quarterly, half yearly or yearly. if you are not affordable for a particular year, you can choose to change yearly payment to monthly payment to avoid paying whole lump sum. of course, you can also decrease your saving. but once you decrease you will not be able to increase back as you like.
2.On Protection wise
2a)What is the coverage and How much is the amount insured for each. - the protection is applicable to death/TPD. it is very much depends on your age of saving, your health during the application and the amount your save. there are 2 types which is normal death/TPD and death/TPD due to accident. if due to accident, 4x of coverage will be paid.
2b)"Touch wood", how does the insurance claim affect the investment plan? - once you are death/TPD, the insurance will stop and just paying you the coverage amount. of course, the amount you saved and the interest will be included into the coverage amount you got, and you will get extra for your unfortunate.
hope this clear your questions. :)
Blog: Best Investment Product in town?
2012-05-25 10:57 | Report Abuse
hi hlpang, let me clear your doubt:
1.On investment wise
1a)How is the return is "guarantee"? - guarantee as in they provide you a fixed high interest together with a non-guarantee cash dividend which depends on company performance of the year.
1b)What if i stop paying the monthly premium, the how? and one day if i want to resume the plan how? - you can choose to pay premium monthly, quarterly, half yearly or yearly. if you are not affordable for a particular year, you can choose to change yearly payment to monthly payment to avoid paying whole lump sum. of course, you can also decrease your saving. but once you decrease you will not be able to increase back as you like.
2.On Protection wise
2a)What is the coverage and How much is the amount insured for each. - the protection is applicable to death/TPD. it is very much depends on your age of saving, your health during the application and the amount your save. there are 2 types which is normal death/TPD and death/TPD due to accident. if due to accident, 4x of coverage will be paid.
2b)"Touch wood", how does the insurance claim affect the investment plan? - once you are death/TPD, the insurance will stop and just paying you the coverage amount. of course, the amount you saved and the interest will be included into the coverage amount you got, and you will get extra for your unfortunate.
hope this clear your questions. :)