How Group Pure Endowment can help Developers?

DEVELOPERS - How to Enhance & Add Value to Your Projects

“ADDING VALUE & ENHANCING YOUR PROPERTIES”

Group Pure Endowment (Payback) Plan
The most popular.
Payback of guaranteed cash values.
Payback of guaranteed capital sum upon maturity.

Definition & Concept
The “Group Payback Scheme” is a Pure Endowment Plan.
The Sum Insured is payable only upon maturity.
It is a single premium policy, open to all property buyers of the developer.

Scope Of Cover & Benefits
The policy provides a 100% payback on the Sum Insured in the event of the survival of the Life Assured to maturity. In the event of pre-mature death occurring, a Cash Value of the policy is payable.
The table of nominal Cash Values as per chart.

Premium Rates
Notes:
The Single Premium will be charged based on the purchase price of the property as advised by the developer and is to be paid upfront.

Conditions Of Cover
20, 25, 30, 35, and 38 Year term cover is available.
Cover shall commence upon full payment of the Single Premium.
Purchasers may participate as a single purchaser.

Conditions of Participation, Eligibility, & Underwriting

Participation
Participation Is Compulsory.

Eligibility
All New Purchasers Of The Developer’s Properties Are Eligible To Participate.

Underwriting
No medical underwriting is required.

Nomination/Transfers

Nomination
Nomination Of Insured Person/s Must Be Done At Inception Of Coverage.

For Single Purchaser
The Single Purchaser may choose their spouse or children to be the insured person provided that the nominee is age 10 or above.

Transfers
Once the insured person is chosen, cover cannot be transferred.

Please note:
The quantum % entitlement & the number of years held is decided by the developer.
The actual premium and cash value may differ from the illustration here as this will depend on the profile of the purchaser(s).  In order to give an actual quotation, kindly provide us the details of your profile.

Benefit:
The longer the customer is “loyal” and holds on to the certificate without surrendering for the CSVs, the more s/he is entitled to before maturity.

Worked Example

Assume the Property value to be RM300,000, Term Of 38 Years
Single Premium = RM82.40 X RM300,000/1,000
= RM24,720.00

Should the purchaser cash-in the certificate on the 15th year:
The CSV @ year 15 = RM156.30 X RM300,000/1,000
= RM46,890.00
The buyer receives = RM46,890.00

Why Pure Endowment Works

Buyers feel more confident
Their capital outlay is guaranteed in terms of both the principal sum (upon maturity) & the cash surrender values (upon cashing-out before maturity)

It is suitable for all:
Property Owners.
Property Investors.
Property Speculators.

For House Owners
Virtually a “free home” & “free stay”.
Their capital (cost of house) is a guaranteed return – upon maturity.
Able to use this as a retirement income.

  For Investors
They look for good returns in terms of:
Capital appreciation of property value.
Capital guaranteed in the form of cash values.

For Speculators
They may push off the property 2 or 3 years.
For them, the guaranteed cash values act as a “cushion” for any depreciated value they may face.
On the upside, it is also profit made, plus the cash value. 

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