KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.
Lately I have been looking at some of the insurance products in the company that I'm working for, Great Eastern. The main reasons for that was because of a friend of mine who encouraged me to learn more about these products. Here are some of the right perspective that you must set in regards to Endowment plans. Unlike other savings plan, endowment plans in an insurance company comes with a protection. This is important for those of us who look at protection at the same time. The return of the plan is reasonable. Unlike other savings plans like FD, endowment plans force you to create a habit if saving a portion of your money. The plan that I was looking at is known as Great Wealth Accumulator. By savings about 1800(minimal, depends on underwriting, your age and risk, as this is insurance related) per year, you will start getting a certain amount at the second year. (Guaranteed and non guaranteed portion). The non guaranteed portion depends a lot on the company performance. So f...