Oct 08 2009
PruInvestor Guaranteed Plus Relaunched
Prudential has just relaunched another tranche of their single premium 5- year non-participating endowment plan – PruInvestor Guaranteed Plus. The previous tranche was in May this year.
Details of this plan are as follows:
Minimum premium : $5000
Payment mode : Cash or SRS
Eligibility : Available for those between 1 – 70 years of age for premium payment by cash, and 18 – 70 years of age for premium payment using SRS account.
Term : 5 years
Returns : 2.5% p.a. (an investment of $10,000 will grow to $11314 at maturity)
There is no health underwriting or declaration required but there is a 105% life insurance protection on the investment amount.
The plan will close on 13th November or when a total of $60-80 million is received, whichever is earlier.
is this plan good? i’ve seen similar plan like AIA offering 2.75% for 5 years
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lioninvestor Reply:
October 9th, 2009 at 10:32 am
Hi Leong,
This plan is similar to the AIA and HSBC plans which were also recently launched.
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Hi, sounds like a good plan. May I know where I can apply for it and if any freebies given for higher sum? thanks pal
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Dear all,
I just bought from my Prudential agent…just hope this is not another minibonds tranche…well..no risk no gain…
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