Just last week, there was a shocking case of an insurance policy which went viral. Apparently, this person’s dad bought an endowment policy from prudential in 1994 where the maturity payout of the policy is suppose to be $42,000. He got a shock when his dad got a cheque of only $20,000+ just recently when it matured.
My dad bought this prudential savings plan twenty years back and he was supposed to get 40k+ this year during March. However, they’ve only sent my dad a cheque for 20k+ (the initial investment is 30k+).
My family went up to the prudential office to lodge a complain and to enquire as to why the company isn’t giving the full sum as promised on the contract. The company dismissed my dad with a convenient bullshit excuse ” our company isn’t earning much so that’s the sum you’ll have “.
Is this (Read more…)