Only Press Release, what about the return?? How much ??? Projected return ?? BAD product launching...
Public Bank and ING launches PB-ING Asian Jewels Plan
To further fortify their 10-year strategic regional alliance and provide more value added products to customers, Public Bank Berhad (Public Bank) and ING Insurance Berhad (ING) launched the PB-ING Asian Jewels Plan today.
The PB-ING Asian Jewels Plan is a five-year single premium unit-linked plan specially designed to enable customers to invest in selected Asian markets and benefit from the potential recovery of these markets. The Plan also pays a fixed annual coupon at the end of the first four years of the policy. 100% of premium paid, in Australian Dollar nominal amount, will be returned to customers if the plan is held to maturity.
The plan also offers insurance coverage against death and total and permanent disablement.
"The PB-ING Asian Jewels Plan invests up to 97% of the premium paid into a Australian Dollar denominated financial instrument that links to the China, Hong Kong, Korea, India and Taiwan indices to generate potential returns" said Tan Sri Tay Ah Lek, Managing Director, Public Bank Berhad.
He added that the five Asian markets were chosen as Public Bank and ING believe these markets will play an important role in the current economy today. "Despite the current economic turmoil, we expect strong recovery in these regions, especially China and India which are forecasted to make quick recovery compared to countries in the West, thus offering good prospects of growth for our customers."
The prime benefit of the PB-ING Asian Jewels Plan is that at the end of each year of the policy, the fund will lock in the returns of the highest performing market.
The PB-ING Asian Jewels Plan is open for subscription and investment for a 22-day period. It starts from 13 July 2009 to 3 August 2009. Entry age is from 30 days to 70 years old; however the minimum age of the policy owner is 18 years old. The minimum single premium is RM30,000.
Although the Plan will be on offer for only a limited period, both Public Bank and ING are positive that the launch of this new plan will be well received.
President and CEO of ING Insurance Berhad, Dato' Dr. Nirmala Menon said, "We are very confident with the PB-ING Asian Jewels Plan. Australia generally has a steady economy despite the downturn and we expect the currency to be stable in the near future."
"All Public Bank and ING customers should take advantage of the dip in the current stock markets to buy while it's low and when the economic situation improves, benefit from the appreciation in value," added Dato' Dr. Nirmala Menon.
PB-ING Asian Jewels Plan is exclusively distributed by Public Bank and underwritten by ING. Customers can purchase this plan from any Public Bank branches across nationwide from 13 July 2009 onwards.
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Public Bank and ING launches PB-ING Asian Jewels Plan
To further fortify their 10-year strategic regional alliance and provide more value added products to customers, Public Bank Berhad (Public Bank) and ING Insurance Berhad (ING) launched the PB-ING Asian Jewels Plan today.
The PB-ING Asian Jewels Plan is a five-year single premium unit-linked plan specially designed to enable customers to invest in selected Asian markets and benefit from the potential recovery of these markets. The Plan also pays a fixed annual coupon at the end of the first four years of the policy. 100% of premium paid, in Australian Dollar nominal amount, will be returned to customers if the plan is held to maturity.
The plan also offers insurance coverage against death and total and permanent disablement.
"The PB-ING Asian Jewels Plan invests up to 97% of the premium paid into a Australian Dollar denominated financial instrument that links to the China, Hong Kong, Korea, India and Taiwan indices to generate potential returns" said Tan Sri Tay Ah Lek, Managing Director, Public Bank Berhad.
He added that the five Asian markets were chosen as Public Bank and ING believe these markets will play an important role in the current economy today. "Despite the current economic turmoil, we expect strong recovery in these regions, especially China and India which are forecasted to make quick recovery compared to countries in the West, thus offering good prospects of growth for our customers."
The prime benefit of the PB-ING Asian Jewels Plan is that at the end of each year of the policy, the fund will lock in the returns of the highest performing market.
The PB-ING Asian Jewels Plan is open for subscription and investment for a 22-day period. It starts from 13 July 2009 to 3 August 2009. Entry age is from 30 days to 70 years old; however the minimum age of the policy owner is 18 years old. The minimum single premium is RM30,000.
Although the Plan will be on offer for only a limited period, both Public Bank and ING are positive that the launch of this new plan will be well received.
President and CEO of ING Insurance Berhad, Dato' Dr. Nirmala Menon said, "We are very confident with the PB-ING Asian Jewels Plan. Australia generally has a steady economy despite the downturn and we expect the currency to be stable in the near future."
"All Public Bank and ING customers should take advantage of the dip in the current stock markets to buy while it's low and when the economic situation improves, benefit from the appreciation in value," added Dato' Dr. Nirmala Menon.
PB-ING Asian Jewels Plan is exclusively distributed by Public Bank and underwritten by ING. Customers can purchase this plan from any Public Bank branches across nationwide from 13 July 2009 onwards.
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1 comments:
for more details, can contact me, i'm selling the product.
0174070200.
erm, basically the investment is like this, 3percent guaranteed payment for four years, make up the total of 12percent, plus performance bonus at the fifth year.
projected return is 70 percent for five yrs.