tag:blogger.com,1999:blog-5222663171691806565.post8665596455700883685..comments2024-01-23T18:48:55.921+08:00Comments on Malaysia Personal Finance: Allianz Power Saver Guaranteed 4% = 0.28%Mt.http://www.blogger.com/profile/11182268410762882679noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-5222663171691806565.post-47079774375871139522014-12-25T08:19:29.201+08:002014-12-25T08:19:29.201+08:00I couldn't be sure about which plan you refer ...I couldn't be sure about which plan you refer too. But in general most insurance comes with certain guarantee part and then certain estimated forecast part. The guarantee part could include the insurance pay out ie. if something (bad) happens you get paid certain amount. Then it could also include some 'return' part. The return from the guarantee part is usually very low. So yes if you are only looking at return part then it may not be attractive at all. <br /><br />but insurance is still important as part of the personal finance; to cover the risk that you don't want to take on yourself.Mt.https://www.blogger.com/profile/11182268410762882679noreply@blogger.comtag:blogger.com,1999:blog-5222663171691806565.post-18261528574681450652014-12-05T18:09:36.538+08:002014-12-05T18:09:36.538+08:00Hi Michael, sorry for digging up an old article of...Hi Michael, sorry for digging up an old article of yours. <br />Kudos for the detail explanation, just want to enquire something.<br />Im recently approached from one of my friends who just trained and became agent for Allianz. He was telling me about this Allianz plan with guaranteed return with life coverage. I did ask for proper brouchere but was getting none. I was sceptical because for the guaranteed part, as Im actually into shares and funds prior to this, not familiar to this guaranteed plan.<br />I was approached more than 3 times for this plan and without the proper broucher and so on I cant actually analyze it, its called allianz powersaver. From reading this it seems Im better off having my money in FDs and another sum into higher risk unit trusts?Andy_noreply@blogger.comtag:blogger.com,1999:blog-5222663171691806565.post-20319184858537142882009-03-11T22:19:00.000+08:002009-03-11T22:19:00.000+08:00yes Jimmy, the 4k is guaranteed so that is equival...yes Jimmy, the 4k is guaranteed so that is equivalent to 0.28% rate return<BR/><BR/>your 100k capital is NOT guaranteed, and the dividen is also not guaranteed.<BR/><BR/>This article is talking about insurance companies promoting they are having higher than FD return plan with "guarantee", which is incorrect.<BR/><BR/>the guarantee they give is much more smaller than FD, <BR/><BR/>as for the overall return higher than FD is also correct, that is because you are taking more risk than FD, then ofcourse you should expect higher than FD return.Mt.https://www.blogger.com/profile/11182268410762882679noreply@blogger.comtag:blogger.com,1999:blog-5222663171691806565.post-55246361603495650022009-03-11T19:54:00.000+08:002009-03-11T19:54:00.000+08:00I was approached by Allianz agent about this schem...I was approached by Allianz agent about this scheme, it is not exactly what you have written here. 4% return means, after you put 100k, on the same year onwards, 4k is return to you every year while you still have 100k with them and you are entitle to get some small dividen every year because 5% of the remaining is invested in trust fund.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5222663171691806565.post-84528979119781352852009-03-10T07:43:00.000+08:002009-03-10T07:43:00.000+08:00the guarantee 104k gives you an effective guarante...the guarantee 104k gives you an effective guarantee of 0.28% while the 270k return is using an <B>assumption</B> of 6% return, which is a number what a normal insurance company would use.<BR/><BR/>Relatively <A HREF="http://malaysiapersonalfinance.blogspot.com/2008/11/compare-by-numbers-not-rate.html" REL="nofollow"> this plan (from Prudential I think) </A>gives a similar guarantee of 0.75% while the 6% assumption is the same.<BR/><BR/>This post is not about how low allianz's return is. this post is about insurance companies claiming 4% guarantee rate while actually its only 0.28% effectively. They would always say their guarantee return alone is better than FD which is not.Mt.https://www.blogger.com/profile/11182268410762882679noreply@blogger.comtag:blogger.com,1999:blog-5222663171691806565.post-74908778392231545182009-03-09T22:36:00.000+08:002009-03-09T22:36:00.000+08:00Hi , I get to know that power saver did give fix 4...Hi , <BR/>I get to know that power saver did give fix 4% + dividend. and the e4k given back on the 5th year is not deducted from the principal as what you counted in the excel spreadsheet above. Thus, at the end of 30 years, we will get back RM104k + RM270k++ (rolled up from the 100k principal + average of dividend payout every year)...what is your comment?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5222663171691806565.post-86582860523434756112009-03-06T11:01:00.000+08:002009-03-06T11:01:00.000+08:00editededitedMt.https://www.blogger.com/profile/11182268410762882679noreply@blogger.comtag:blogger.com,1999:blog-5222663171691806565.post-22640535562099086962009-03-05T22:10:00.000+08:002009-03-05T22:10:00.000+08:00Can you please label the column ? What does each o...Can you please label the column ? What does each of them represent ?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5222663171691806565.post-54668379352666985112009-03-05T13:55:00.000+08:002009-03-05T13:55:00.000+08:00click the link below the table should bring you to...click the link below the table should bring you to the spreadsheet then you can view all the formula etc.<BR/><BR/>it should be like this, simple annual rate return.<BR/><BR/>20,000 + 20,000 x 0.28% = 20,056Mt.https://www.blogger.com/profile/11182268410762882679noreply@blogger.comtag:blogger.com,1999:blog-5222663171691806565.post-26402024453261428892009-03-05T10:18:00.000+08:002009-03-05T10:18:00.000+08:00can you tell how u get the number at 3rd column in...can you tell how u get the number at 3rd column in the table?Anonymousnoreply@blogger.com