Today I received an email from Prudential on behalf of PruBSN informs about immediate withdrawal of Takaful Cash from sale. The reason is not clearly stated. Have read this..
Date: Thu, 19 Nov 2009 19:10:16 +0800Subject: Immediate Withdrawal of Takaful Cash from SaleThe following email is sent on behalf of PruBSN.
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Dear Wealth Managers/Quality Leaders, Wealth Planners/Quality Agents,Takaful Cash
With immediate effect we are withdrawing Takaful Cash and its rider from sale. With this withdrawal, all new Takaful Cash business submission starting from 20th November 2009 will not be accepted. Any pending applications previously submitted will not be processed either and all contributions will be refunded.We regret that we will not be able to entertain any appeals in relation to this matter.
We are glad to inform that existing in-force certificates will remain unaffected at this time and we will provide further updates as soon as we can.
We sincerely regret the inconvenience caused to you as you strive to meet your targets for Year End closing. We are working hard to develop a better version of Takaful Cash which we hope to bring to you in 2010.
Yours sincerely,
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