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Joe Mah

14 Nov 2023

Retirement

Great Eastern Maxgrowth Endowment

10 years ago, I bought a Great Eastern MAXGROWTH endowment plan at OCBC. The sales person at OCBC says pay $10k for 5 years and upon maturity at 10th Year, you can get about 2+ % interest for the $50K. Just checked with the Great Eastern Customer Service, my maturity date is 21 Nov 2023 and the pay out is $55218.52. This is about 1% for 10 years, DAMN miserable. My question is Where can I seek Redress for this? I will have to wait till maturity to confirm how much I am getting though. I expect NOT much, just what the sales person promise me a 2+% will do.

Discussion (13)

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Hi, I am no exception from you all. The maturity payout is even lesser than the 3% illustrated! I did a search with AI and learnt that FIDReC is a channel for such dispute. Has anyone tried disputing through FIDReC?

Setup Facebook compile all cases like urs. Make it big and let others not to buy

So is ocbc sale person banker or great eastern agents u brought from?

I am in the same situation as you guys as well. Shouldn't it be wealth accumulation? Next year maturity as well but current sum is deficit of 4k.......

My money will mature next year and the current sum assured is a deficit of 5.5K. I am literally in t...

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