My wife works with EK as a hostie, immediately she joined the company she signed up with Globaleye in the hope of saving a few dollars for use or further investment in future. What she was to discover later though, was these companies don't care about Investing your money, all they do is collect your monthly premiums and lock you in for a minimum period of time, with this they are guaranteed a min. amount of your premiums and if you were to even attempt bailing out on them you forfeit a large chunk of your heard earned savings.
After diligently sacrificing and saving about 600USD a month for six years straight without fail from her somewhat meager income, She was however shocked as the policy approached Maturity, to discover that it was only worth about 22,000USD, whilst having contributed well over 43,000USD. As we would also learn, Dubai is not an easy place to get redress.
We would however not be deterred from getting back whatever monies contributed, after about a month of back and forth of weekly visits to their offices, flimsy excuses as to why the fund had performed so poorly despite having had a fund manager that was being paid to oversee it, and a few nasty exchanges on the telephone, they sent my wife a statement of how Miraculously her fund had recovered, and the value was now about 38,000USD, the W@%k#r had the nerve to even suggest that she extends the period signed up, so as the missus could recoup her investment plus interest.
We were wiser now, so she rudely declined and decided to cut her losses and run with whatever little she was getting.
If you factor in time, inflation and lost opportunities she lost much more than 5,000USD, my advice keep off, do not touch that contract with a 10 foot pole, it will only bring you misery in the end, You are safer putting your money in a fixed deposit account if you are risk averse and scared of doing the stocks and shares thingy yourself, the interest is ridiculously low but at least your principal is guaranteed, even if it does take a beating against inflation.
By all means KEEP OFF GLOBAL EYE,
.