Thursday, May 29, 2008

Great Eastern targets RM100m sales

TheEdge

KUALA LUMPUR: Great Eastern Life Assurance (Malaysia) Bhd is targeting sales of RM100 million for its newly launched single premium investment-linked plan.

In a statement yesterday, Great Eastern said the policyholder pays a one-time premium to put the policy into effect and the Centennial Max Plan had a minimum investment of RM20,000.

The company said it would invest in a five-year structured product that would provide capital protection as well as generate high and consistent returns. The plan also includes insurance coverage on death and total permanent disability.

Great Eastern said based on historical back-testing, the Centennial Max Plan targeted to give an average return of 74.2% upon maturity of the plan, which would potentially hit up to 160.7% return over five years.


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