1. This is life insurance product
This product is a life insurance and not a bank deposit, not free mutual fund with free insurance and not insurance cover with free mutual fund
2. The sum insured affects the expenses
If the insured amount is high, the Cost of Insurance will be higher as well and will increase as the insured gets older.
3. Expenses are not fixed even with fixed premiums.
Some expenses will vary with the age of the insured. And the return of the fund Please refer to the policy fee schedule for details.
4. Available to withdraw money from the policy
Withdrawing money from the policy or surrendering the policy too early will incur high fees. Please refer to the table in the policy book for details.
5. Investments are deducted to pay policy fees every month.
The fee will be deducted from the premium paid and from the automatic redemption of investment units every month. And if insurance premiums and investments are insufficient to cover the fees the policy will expire immediately. Therefore, the insured should study and supervise the investment to grow, otherwise the policy must be Top-Up so that the policy does not expire.
6. Only partial tax relief
Tax deductible only for expenses and fees of the policy. The portion that can be used for investment is not deductible
7. No Return Guarantee
As for investment, there is no guarantee of return. The figures shown in the benefit spreadsheet are just examples for your understanding