hi help needed

[Beefslice]

some background info ,My mum recently received the premium for "money smart(rp)-ladies". and she is not very financial literate. It is the kind of plan (according to her) , pay 100$ every month for 10years (which is now) , which means she gave 12000$.
now upon maturing, what she earned was just $254.47?
any advises on where to raise the issue with or there is no hope. i would provide any information that may help to clear the pic, just tell me what to show LOL

 

[popime]

Cannot call or email to check how to terminate policy?

Sent from my <3 using GAGT

 

[Beefslice]

Cannot call or email to check how to terminate policy?

Sent from my <3 using GAGT

erm it matured already, sent the check to my mum le..

 

[oceanicmanta]

so your mum got back $12,254.47 in total ?
which insurer ?
which product ?
any benefit illustration, yearly statements ?

 

[akwl88]

After 10 years, profit $254.47???

 

[Beefslice]

so your mum got back $12,254.47 in total ?
which insurer ?
which product ?
any benefit illustration, yearly statements ?

i think u refering to this , and yes thats the exact amount my mum got. its aviva thru dbs

 

[Beefslice]

After 10 years, profit $254.47???

yes , if im not wrong refering to the chart, should have $89x.xx

 

[oceanicmanta]

was she approached by the DBS Branch staff to sign up for this while she was there to deposit some money or update passbook ?

is there any reference as to the source for the "Templeton Global Bond Fund" ?

$89x is just a projection using 5% not guaranteed

if that is the diff you are after. it is not a big sum after 10 yrs. At least she got back her Principal.

[deleted my earlier reference to eMySavings interest.]

 

[Darkzi0n]

alr said non guaranteed there Liao... Means the sum reflected there may not realize.

 

[lzydata]

I'm sorry, this is just sad, not even 1% pa return for a 10 year investment and taking on the risk. Aviva, DBS and Franklin Templeton did great for themselves though.

 

[dork32]

what a con job. at 5% return, you get 894 profit, agent + company get 3500.

 

[Asphodeli]

at least you got your capital back, i think?

next time, don't buy all this stuff from the bank...

 

[Beefslice]

thanks to all that replied, appreciate it.. protect ur folks man, they might cope away coffin money if they are like that lol.

 

[Beefslice]

at least you got your capital back, i think?

next time, don't buy all this stuff from the bank...

thats a comfort yes, cos i heard u can even lose ur capital then forced to withdraw

 

[Beefslice]

what a con job. at 5% return, you get 894 profit, agent + company get 3500.

up for awareness yo

 

[disavowed]

Can count yourself/your mom lucky she got back the 12K

 

[havetheveryfun]

Now u know how all the bankers got so high celery

 

[akwl88]

Am not sure what good is this plan for. Cant see any positive effects.

 

[wahkao3]

is this low risk high return?
if not, dont bother

 

[bibu00]

Wah, not bad. The funds really did return a 5% p.a. For 10 years. That's really decent what.

It's too bad endowment/Ilp holders get almost none of the returns.

But the agents are not lying to you, your money did work hard and generate a 5% p.a.