Editing Openai/693d9381-2330-8009-a7bb-7ef5e9777a3f (section)

=== Assistant: Thanks for sharing the exact pitch — this is very important to unpack, because the way it’s being described is not how … ===
Thanks for sharing the exact pitch — this is very important to unpack, because the way it’s being described is not how licensed takaful / insurance products are normally structured.

I’ll break this down clearly and flag what is realistic vs what is a red flag, especially since this sounds like it’s being linked to Sun Enrich Extra-i (or something marketed alongside it).

==== 1️⃣ The “RM20k per year × 5 years” part ====

✅ This part is plausible

Sun Enrich Extra-i does commonly use:
* RM20,000 per year
* 5-year limited contribution
* Total contributions = RM100,000

So far, this aligns with real takaful structures.

==== 2️⃣ “9% annual interest payout in cash” ====

⚠️ This is where wording becomes misleading

===== What takaful products actually do: =====
* They do NOT guarantee “interest”
* They pay non-guaranteed surplus / cash payouts
* Returns depend on: - Universal account performance - Company surplus declaration - No fixed “interest rate” like a bank FD

👉 If someone says “9% interest payout”, what they really mean is:

: “Illustrated (projected) annual payout assuming good performance”

📌 Key point:
9% is NOT guaranteed and not contractual

==== 3️⃣ Early withdrawal penalty (30%, 25%, etc.) ====

✅ This is realistic, but misunderstood

Most limited-pay takaful plans:
* Have high surrender charges in early years
* Penalties decrease over time
* Exist to recover: - Wakalah fees - Distribution & admin costs

⚠️ BUT:
* The penalty is not a “fine”
* It’s a low surrender value, not money being taken arbitrarily
* It’s usually based on account value, not strictly “RM20k deposited”

If they said “30% out of RM20k” — that’s an oversimplification, not contract wording.

==== 4️⃣ “After 5 years, RM100k can be withdrawn anytime” ====

⚠️ Half-truth

Reality:
* You can withdraw after the contribution period
* BUT: - Full RM100k depends on account value - Early cash payouts already received reduce remaining value - There may still be partial charges or lower value if withdrawn too soon

👉 It is not equivalent to a fixed deposit maturity.

==== 5️⃣ “18% interest for another 10 years” 🚩🚩🚩 ====

This is the BIGGEST RED FLAG

===== ❌ Why this is NOT realistic: =====
* No licensed takaful or insurance product in Malaysia guarantees 18%
* Even illustrated returns rarely exceed 8–10%
* Bank Negara regulations do not allow guaranteed high returns

===== What this might actually mean: =====

One of these:
# Cumulative illustrated return, not annual
# Internal rate of return (IRR) misrepresented
# Reinvestment illustration, assuming: - All payouts reinvested - Strong market performance
# A sales tactic mixing multiple projections

📌 If 18% were real and guaranteed:
* EPF, insurers, and banks would all be obsolete
* It would violate financial product regulations

==== 6️⃣ Bottom line — how to interpret this offer ====

===== ✅ What is likely TRUE: =====
* RM20k/year × 5 years structure
* Cash payout concept
* Early surrender penalties
* Optional reinvestment

===== ❌ What is MISLEADING or WRONG: =====
* Using the word “interest”
* Quoting 9% or 18% as if guaranteed
* Suggesting FD-like certainty
* Oversimplifying penalties

==== 7️⃣ What you should ask BEFORE committing (very important) ====

Ask for these in writing:
# Guaranteed vs non-guaranteed benefits table
# Benefit Illustration (BI) — low (4%) & high (6–8%) scenarios
# Exact: - Surrender value year by year - Cash payout amount year by year
# Confirmation: - “Is 9% or 18% guaranteed?” (If yes → walk away immediately)

==== My honest take ====

This sounds like a high-pressure sales pitch that exaggerates projections.
The underlying product may be legitimate, but the returns are almost certainly overstated.

If you want, you can:
* Paste the Benefit Illustration numbers
* Or upload a screenshot (remove personal details)

I can then tell you exactly what the real return looks like — no sales spin.