Cash Promise Illustration

The concept of HLA Cash Promise Structured Deposit Account, it's just so simple and secured. We are talking about the purpose of saving, saving always is a mid-to-long term affort, you can't see a huge amount of money by saving for 1-2 years, but when you do saving regularly for a certain period, you can.

The purpose of putting money into Fixed Deposit (FD) is for saving and gaining higher interest, but let see nowadays banks are offering FD Interest Rate at 3% +-, which is not high return enough to against the inflation rate every year. Perhaps if you are Premier Customer of the bank or you have few millions deposited with the bank, then maybe you can get higher interest rate.

What if you are not? Where will be more efficient to save your money aside? Here is the solution for you, let's force yourself to open a HLA Cash Promise structured deposit account.

Based on the illustration above:

Step 1 - Deposit RM100,000 for the first year, then you will immediately get a Guaranteed Yearly Income (GYI) of RM20,000 in Account 1 by the end of 12 months, together with Dividend, and it's up to your choice whether you want to witdraw or leave it in the Account 1 itself.

Step 2 - The requirement is you need to continuously deposit RM100,000 annually for 6 years, and stop depositing on 7 years onwards, then from the first year itself you can enjoy the GYI of RM20,000 until 25 years. When the account matured, you will get maturity benefit of getting back all your Capital+Dividend.

Step 3 - If you decided not to witdraw the GYI and leave it in the Account 1, then you will enjoy compounding interest of 5.25% every year.

Step 4 - Then at the end of 25 years when account matured, you will get approximately a total of RM1.7mil, which is inclusive of the GYI+Compounding Interest+Dividend+Capital.

Step 5 - Enjoy guaranteed benefit like 6 years payment only, 25 years GYI, death & TPD and Nomination.

ENOUGH RETIREMENT FUND?

Have you ever think of whether your retirement fund is enough? Have you really plan for your retirement? If you think your EPF saving is enough for your retirement, then you may calculate and figure it by yourself.

How much do you spend for meals in a day currently? What about 10 years ago? What about 10 years later? Did you noticed that the price of our foods or grocery items are increasing every year?

Here is just a very conservative calculation, let say you are age 30 now, you have the ability to work/earn, but after your retirement on age 55, if you stop working/earning, say you live up to 78 years old.

RM50 x 365 days x 23 years = RM 419,750.00
RM419,750 x 2 (you and your spouse) = RM839,500.00

This is only spending on meals, what about your other expenses? Housing loan? Car loan? Children? Travelling? Medical Expensese? Supplementary? Gift? Other Bills? Just think it clearly what else?

CASH PROMISE is a solution for you right now, as you have the ability to earn now, you can treat this as your second EPF account, save aside a small portion of your earning, to enjoy higher interest and compounding interest, to secure your retirement fund.

WHAT YOU EARN IS NOT YOURS, WHAT YOU SAVED IS YOURS! NEVER LATE TO START A SAVING, AS LONG AS YOU START IT NOW!

FEATURES & BENEFITS

FEATURES & BENEFITS

 

• GUARANTEED short pay of premium for 6 years only
• GUARANTEED yearly income for 25 years
• GUARANTEED death benefit
• GUARANTEED maturity benefit
• Full refund of premium paid with future premium waived upon TPD during first 6 years
• Enhanced death benefit with add-on rider
• Enhance TPD benefit with add-on rider
• Nomination to serve as Will for Wealth Distribution
• Tax relief

INTRODUCTION

HLA CASH PROMISE

Promises you more than just a savings plan!

 

This is a newly Structured Saving Plan brought to you by Hong Leong Assurance, it is a mid-long term plan that helps you to achieve your financial goals.