this email notification was sent to us on friday afternoon:
Dear Partners
We are relaunching a new tranche of Capital Plus (CPN23) with effect next monday, 11 July 2011.
CPN23 will be opened to all policyholders and new applicants. It has a policy term of 2 years and a guaranteed yield of 1.4% p.a. upon maturity.
More details of the plan can be found in the application form and FAQ attached.
Please note that this is a very small tranche of Capital Plus (CPN23) and we anticipate that it will be fully subscribed in a very short time from the launch.
Application will be closed once we have reached the sales allocation.
Regards,
Shawn Goh
Head, Financial Advisers, Sales Division
FA Hotline: (65) 9746-2663 | www.income.com.sg
my comments:
what is capital plus (CPN23)?
capital plus (CPN23) is a non-participating single premium endowment product. it has a short tenure of just 2 years and a fully guaranteed return of 1.4% upon maturity of the plan. it also provides insurance coverage for death and total and permanent disability.
with a relatively small subscription target, i believe this latest tranche of capital plus will be taken up pretty quickly.
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