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Wednesday, 26 August 2009
HLA Cash Builders
HLA last week launched HLA Cash Builders, targeting RM150 mil in 6 months. Since its soft launch last month, the product has collected RM10 mil premium.Product features:
- Participating endowment
- Covers death and TPD
- Premium payment period: 6 or 10 years
- Term: 25, 25, 30 and 35 years
- Entry age: 1 month to 60 years
- Maximum maturity age: 80 years
- Minimum premium: RM2,500
- Minimum SA: RM10,000
- 4 Builder riders (can be mixed and matched to produce up to 20% yearly guaranteed income or 5 times basic SA)
- Builder 1: guaranteed 1% payable from year 1
- Builder 2: guaranteed 2% payable from year 5
- Builder 3: guaranteed 3% payable from year 10
- Builder 4: guaranteed 4% payable from year 20
- Dividends (non-guaranteed): cash, terminal and maturity
Source: The Star, The Edge, Business Times, TAS Research
About Me
- Name: Teh Loo Hai
- Location: Kuala Lumpur, Malaysia
Loo Hai is an actuarial recruiter cum actuarial consultant. He has over 20 years of work experience gained in Malaysia and Australia in the actuarial, insurance, takaful and pension fields.
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3 Comments:
I have doubts on the builders, is it guaranteed cash back? and the dividend..? Do you mind to explain more?
do we still need to pay the capital money after 6 year?since the interest is continuity.
It is best to check with HLA or its agents, in writing if you can get it, also study the sales illustrations and policy contract.
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