Posted by Jake > 2012-01-14 17:00 | Report Abuse

And the principal amount you plow in remains intact...with no risk of losing it?? Sounds too good...

Posted by hlpang > 2012-01-14 17:41 | Report Abuse

hi TEH, The return seem very good. But if am the buyer,few questions i would ask myself..

1.On investment wise
1a)How is the return is "guarantee"?
1b)What if i stop paying the monthly premium, the how? and one day if i want to resume the plan how?

2.On Protection wise
2a)What is the coverage and How much is the amount insured for each.
2b)"Touch wood", how does the insurance claim affect the investment plan?

Ppl who interested may try to compare this product with others. also consider "all-in-one" basis or "separate" basis product feature is suitable for you. Just my 2cent. :)

Posted by leslieyong77 > 2012-01-14 23:03 | Report Abuse

hey guy, u may receive only 2.3% compounded anually for 40 yrs ( lower than bank' FD ) plus u are covered by insurance.

Posted by casey188 > 2012-01-16 18:35 | Report Abuse

i think this concept is not new.
AIA has something similar in GIP (Guarantee Income Provider) or ELI, GE has something similar too. I guest most of the Insurance company has re-package this concept in one way or another to attract the investor. I think the key concept behind this is something to do with the PV (present value) of RM and the future value that you receive... just my 2cents

Posted by anuar74 > 2012-01-16 20:59 | Report Abuse

6% x rm4800 = rm326.4, if x 12 =rm3916.8, how it can grow to rm11400. pls fix this math problem, i'm not good in math...

Posted by james001 > 2012-01-16 21:31 | Report Abuse

you pay rm4800* 12 = rm 57600, you get rm 11400 but the principal of rm 57600 that you pay reduce significantly. so actually they pay you rm 11400 out from your principal of rm 57600.The net amount after one year including the rm 11400 is actually less than rm 57600. Misselling !
if you put money in bank, you get rm 57600 plus the interest after one year.

Posted by s_investor > 2012-01-17 06:48 | Report Abuse

1.) on the severn years, can you withdraw the whole money ?
2.) pls refer to same question on hlpang.
3.) if you could not afford to pay or want to reduce the monthly premium ? how ? what is the draw back ? i believe they have lock you up with certain critirea here and please dont forget those finest print on the document you sign. those are the wording end up and / or that they have all the legal right to forfeit or partial slahh down your investment.
4.) pls always remember inflation. your money on the seven years or ahead will always slash almost half of it. look back your dad time what he can buy with rm10 and what you can buy with rm10 nowdays. to me it is not a good investment

Posted by andy118 > 2012-01-17 12:20 | Report Abuse

Just a layman's point of view assuming that all goes well and your return is 2.65% per annum for 46 years as follows :-
year col,A col B. col C D=A+B+C col E F= E-C
Bal b/f bank in cap. ret bal. c/f amt recd interest
1 0 57600 7515 50085 11500 3985
2 50085 57600 7513 100172 11500 3987
3 100172 57600 7513 150259 11500 3987
4 150259 57600 7513 200346 11500 3987
5 200346 57600 7513 250433 11500 3987
6 250433 57600 7513 300520 11500 3987
7 300520 7513 293007 11500 3987
8 293007 7513 285494 11500 3987
9 285494 7513 277981 11500 3987
10 277981 7513 270468 11500 3987
11 270468 7513 262955 11500 3987
12 262955 7513 255442 11500 3987
13 255442 7513 247929 11500 3987
14 247929 7513 240416 11500 3987
15 240416 7513 232903 11500 3987
16 232903 7513 225390 11500 3987
17 255390 7513 217877 11500 3987
18 217877 7513 210364 11500 3987
19 210364 7513 202851 11500 3987
20 202851 7513 195338 11500 3987
21 195338 7513 187825 11500 3987
22 187825 7513 180312 11500 3987
23 180312 7513 172799 11500 3987
24 172799 7513 165286 11500 3987
25 165286 7513 157773 11500 3987
26 157773 7513 150260 11500 3987
27 150260 7513 142747 11500 3987
28 142747 7513 135234 11500 3987
29 135234 7513 127721 11500 3987
30 127721 7513 120208 11500 3987
31 120208 7513 112695 11500 3987
32 112695 7513 105182 11500 3987
33 105182 7513 97669 11500 3987
34 97669 7513 90156 11500 3987
35 90156 7513 82643 11500 3987
36 82643 7513 75130 11500 3987
37 75130 7513 67617 11500 3987
38 67617 7513 60104 11500 3987
39 60104 7513 52591 11500 3987
40 52591 7513 45078 11500 3987
41 45078 7513 37565 11500 3987
42 37565 7513 30052 11500 3987
43 30052 7513 22539 11500 3987
44 22539 7513 15026 11500 3987
45 15026 7513 7513 11500 3987
46 7513 7513 0 11500 3987
tot 6911955 345600 345600 6911955 529000 183400

ave. amount inested per yr = 6911955 / 46 = 150,260
interest received per yr = 3987
therefore return per yr = 2.65 % + insurance cover.

I don't know whether the above is correct? Not taking into account the value of money as years goes by. That is what it is the RM11500 you are going to receive in 46 years time. Cheers.
Happy and prosperou Chinese New year everybody.

Posted by andy118 > 2012-01-17 12:31 | Report Abuse

A B C D=A+B-C E F=E - C
yr BAL B/F BANK IN cap ret balance c/f AMT RECD interest

1 - 57,600 7,515 50,085 11,500 3,985
2 50,085 57,600 7,513 100,172 11,500 3,987
3 100,172 57,600 7,513 150,259 11,500 3,987
4 150,259 57,600 7,513 200,346 11,500 3,987
5 200,346 57,600 7,513 250,433 11,500 3,987
6 250,433 57,600 7,513 300,520 11,500 3,987
7 300,520 - 7,513 293,007 11,500 3,987
8 293,007 - 7,513 285,494 11,500 3,987
9 285,494 - 7,513 277,981 11,500 3,987
10 277,981 - 7,513 270,468 11,500 3,987
11 270,468 - 7,513 262,955 11,500 3,987
12 262,955 - 7,513 255,442 11,500 3,987
13 255,442 - 7,513 247,929 11,500 3,987
14 247,929 - 7,513 240,416 11,500 3,987
15 240,416 - 7,513 232,903 11,500 3,987
16 232,903 - 7,513 225,390 11,500 3,987
17 225,390 - 7,513 217,877 11,500 3,987
18 217,877 - 7,513 210,364 11,500 3,987
19 210,364 - 7,513 202,851 11,500 3,987
20 202,851 - 7,513 195,338 11,500 3,987
21 195,338 - 7,513 187,825 11,500 3,987
22 187,825 - 7,513 180,312 11,500 3,987
23 180,312 - 7,513 172,799 11,500 3,987
24 172,799 - 7,513 165,286 11,500 3,987
25 165,286 - 7,513 157,773 11,500 3,987
26 157,773 - 7,513 150,260 11,500 3,987
27 150,260 - 7,513 142,747 11,500 3,987
28 142,747 - 7,513 135,234 11,500 3,987
29 135,234 - 7,513 127,721 11,500 3,987
30 127,721 - 7,513 120,208 11,500 3,987
31 120,208 - 7,513 112,695 11,500 3,987
32 112,695 - 7,513 105,182 11,500 3,987
33 105,182 - 7,513 97,669 11,500 3,987
34 97,669 - 7,513 90,156 11,500 3,987
35 90,156 - 7,513 82,643 11,500 3,987
36 82,643 - 7,513 75,130 11,500 3,987
37 75,130 - 7,513 67,617 11,500 3,987
38 67,617 - 7,513 60,104 11,500 3,987
39 60,104 - 7,513 52,591 11,500 3,987
40 52,591 - 7,513 45,078 11,500 3,987
41 45,078 - 7,513 37,565 11,500 3,987
42 37,565 - 7,513 30,052 11,500 3,987
43 30,052 - 7,513 22,539 11,500 3,987
44 22,539 - 7,513 15,026 11,500 3,987
45 15,026 - 7,513 7,513 11,500 3,987
46 7,513 - 7,513 - 11,500 3,987

6,911,955 345,600 345,600 529,000 183,400
6,911,955
46
150,260 3,987
0.0265

Posted by andy118 > 2012-01-17 12:47 | Report Abuse

Trying to explain the above.
investment = 6yr x 57600 = 345,600
capital return = 345600 / 46 yrs = 7513
Interest received per yr = 11500 - 7513 = 3987

In yr 1, investment = 57600 - 7513 = 50087
in yr 2 investment = 50087 + 50087 (yr 1 investment)= 100174
in yr 3 investment = 50087 x 3 = 150261
in yr 4 investment = 50087 x 4 = 200348
in yr 5 investment = 50087 x 5 = 250435
in yr 6 investment = 50087 x 6 = 300522
in yr 7 investment = 300522 - 7513 = 293009
in yr 8 unvestment = 293009 - 7513 = 285496
and so on to yr 46. If we total the investment from yr 1 to 46 and divide by 46 we get the average investment as follows =

6911955 / 46 = 150,260
150,260 / 3987 = 2.65% return per yr

Posted by ShirleyChau > 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. :)

Posted by ShirleyChau > 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. :)