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Endowment Plan

Source: Getty Images Saving money is the foundation of financial security. It is the act of setting aside income first, which is one of the cardinal rules of personal finance. But while saving money seems relatively straightforward, many people find it a challenge just to get started for various reasons.    Putting away money doesn’t have to be difficult. If you’re feeling overwhelmed or unmotivated, these simple tips can help get you in the habit and become more aware of your finances and spending habits: ​ 1. Set up a monthly automatic savings plan  One of the easiest
Source: WandaVision There are risks in business and everyday life which can result in financial loss. To manage these risks, a common solution is to use insurance, where you transfer the cost of a potential loss to an insurance company. In return, the insurance provider charges you a fee called a premium, which you pay annually or monthly.     Everyone can benefit from having insurance. It takes on many forms but they all serve a primary function - as a buffer against unforeseen loss or damage. For this article, we will focus on the two types of insurance everyone should have
Whether you’re aiming to build your children’s education fund or save for a fulfilling retirement, it will require patience, sacrifice and of course, hard work. However, that doesn’t mean you have to do it alone — Gibraltar BSN Cash Star is here to help make it easier for you to achieve your financial goals, while offering you insurance coverage at the same time. Get Protected & Reach Your Financial Goals Gibraltar BSN Cash Star is a 20-year endowment plan that combines wealth accumulation and protection features. The premiums you pay act as a savings vehicle while also giving you the
Source: Life insurance is an essential part of life and a crucial element of sound financial planning. However, according to the Life Insurance Association of Malaysia (LIAM), over half of the country's population are still without life insurance coverage.  Many see life insurance as an extra financial burden, even though affordable policy options are available. And for younger people, they typically don’t think life insurance is a necessity until they are older, which is a big myth.    While some people may think life insurance is inconvenient, the truth