Life insurance is a contract between an insurer and a policy owner. If you are insured, understanding your policy ensures you can enhance your financial protection while also avoid leaving gaps. A lack of understanding may cause unwanted surprises which may have adverse financial consequences. The thing is...insurance policies can be difficult to understand for policyholders! Don’t fret! We’ve listed down the key things you should understand from your insurance policy to help you on your financial protection journey. Source: memegenerator.net Type of plan Whether it’s life insurance,
Insurance is essential because it financially protects you or your loved ones against unexpected events such as hospitalization, critical illness, or even the unthinkable. When it comes to something so important, it’s advisable to avoid insurance mistakes for better financial planning and proper coverage. To avoid confusion, here’s a guide to avoid those mistakes. Source: Giphy Delaying getting insurance You may feel young, and that your insurance risk is very low. But so long as you are uninsured, uncertainty looms over your financial planning and financial worries can remain.
There is growing awareness of how important insurance is, especially since the COVID-19 pandemic began. Source: Team Coco via GIPHY In addition, a 2020 study by the Swiss Re Institute found that Malaysians are increasingly looking for insurance information online and also buying insurance digitally. This trend is probably not surprising, as e-commerce in Malaysia has been thriving over the past few years, and its growth was further accelerated during the pandemic. With so many items available to shop for online, it’s only natural that people want the same convenience when it comes
Source: Schitt's Creek The purpose of having insurance is to protect yourself and your loved ones financially in case of unexpected events. Should something unfortunate happen to you, it’s important your loved ones are able to receive your policy’s payout fast and with no hassle. To ensure this, you must make a nomination for your policy, and there are a few important things you should be aware of about the nomination process so that you select the right individual(s) to receive your policy’s death benefit. Who can I nominate, and how? You can nominate any individual, either