Kuala Lumpur, 4 November 2016
Hong Leong Bank (HLB) recently launched the Hong Leong Secured Returns Plan , a term endowment plan underwritten by Hong Leong Assurance Berhad. Hong Leong Secured Returns Plan is a Single Premium non-participating plan that enables customers to lock in their financial security with increasing guaranteed income for 14 years.
The guaranteed income increases periodically, 3.50% per annum (p.a.) for year 1 to 3, 3.65% p.a. for year 4 to 5, 3.85% p.a. for year 6 to 10, and 4.10% p.a. for year 11 to 14. This income is payable on a yearly basis.
In addition, this plan also offers life insurance protection of up to 125% and is 100% capital guaranteed upon maturity. The flexibility of this plan allows customers to cash out at 100% capital back at surrender periods at the end of years 3, 5 or 10.
"This is a simple yet flexible plan for customers who are keen to diversify their investment. While the plan guarantees long term returns, our customer's commitment is only for the medium term as they are at liberty to cash out at 100% capital back even at the end of year 3. This remarkable feature provides our customers the opportunity to gain the best guaranteed returns during the investment period," said Ms Moey Tan, HLB's Chief Operating Officer, Personal Financial Services.
Hong Leong Secured Returns Plan is easy to enroll and is specially formulated for those who want the convenient combination of a savings plan plus insurance coverage without the hassle of investing in too many different schemes. This endowment plan is open to customers aged between 18 to 60 years old.This product is available for a limited period only, from 9 June to 30 June 2010 and fund size is limited. For more information on this product, please visit any Hong Leong Bank branch or log on to www.hlb.com.my .Products terms and conditions apply.
-END-Press Release - 10/06/2010