Financial Protection

Critical illness cover is becoming increasingly important as high medical inflation has persisted consistently for many years in Malaysia. Critical illnesses are serious illnesses such as cancer, stroke or heart disease. The high treatment cost for critical illnesses and its negative effect on ability to work makes it important for Malaysians to consider critical illness cover. For example, the average cost for a single continuous hospital stay for cancer across public and private hospitals in Malaysia was RM7,087 in 2017. There was an 11% increase in new cancer cases and nearly 30% more

We take steps to live a healthy lifestyle and minimise our risk of serious illnesses, but none of us can completely prevent them. According to the Department of Statistics Malaysia, terminal and critical illnesses exceed 40% of all deaths in Malaysia in 2020, highlighting their ever-present threat across the country. In insurance, the terms critical illness and terminal illness are often used. But what are they, and why are they so important to be aware of not only when it comes to our health and wellbeing, but also in terms of insurance? We will also explore why it’s important to get insured

Spending is not only a necessity to survive. It can be gratifying to spend on our wants like the latest gadget, nice furniture, or even the car we’ve been eyeing for months. But this gratification can easily turn into unnecessary spending if we are not careful, or even snowball into an empty wallet. Here are 5 practical tips to curb unnecessary spending. ​ Source: Giphy Understanding your triggers A spending trigger is something that tempts you to spend money. For example, a situation, emotion, place, or person. It can come in many forms and be obvious or subtle. If you don’t know you

We’ve all heard the conventional wisdom, “If you fail to plan, you are planning to fail”. In finance, your effort in planning will outweigh the problems that arise when failing to plan. Let’s take a look at 5 things you can do (even right now!) for a “greener” future.   ​ Source: Tenor 1) Invest Invest now because compound interest is the financial snowball that will make your life easier in the future. It is the interest on a deposit calculated based on both the initial principal and the accumulated interest from previous periods. Relatively safe and trusted investments include

We’ve all heard “save more, spend less” for a healthy wallet. There are obvious things that drain our wallets like rent or vacation, and then there are the little expenses. If the little expenses frequently go unnoticed, they will eventually cause a surprise when you check your bank balance. ​ Source: Garfield Eating outside food too often It can be difficult when Malaysian food is so good! However, we should try to fully utilise the hundreds of Ringgit spent on groceries. Use them for cooking. If dining out becomes a daily routine, even regular dine outs can quickly add up. With food