Insurance Tips

According to Life Insurance Association of Malaysia (LIAM), over half of Malaysians are still without life insurance coverage. Some of the most common perceptions stopping Malaysians from getting insured are that the insurance process is very tedious and difficult to understand. In other words, many of the reasons are down to convenience. Although that may be true in certain instances, it really depends on the insurance provider. For example, Gibraltar BSN’s highly trained agents, intelligent chatbot GINA, and Whatsapp e-Policy delivery system make the process of getting insured convenient.

Insurance is not just for the young. Although with fewer dependents and less financial commitments, the risk of health complications increases as we enter our golden years. Premiums are higher than if getting insured when young, but it could pay itself in the long-run. Here’s what to look for in medical insurance for senior citizens (aged 55 years and above). Source:Giphy​ Higher sum assured Medical costs for the treatment of seniors are higher due to the complexities. There has also been consistently high medical inflation in Malaysia. In general, medical inflation has stayed at 4-5x

According to a 2021 report, Malaysia leads Southeast Asia with the highest percentage of digital consumers with 88% of the country’s population of 15 year olds and above being digital consumers. Nevertheless, online insurance is a relatively new concept to Malaysians. It involves dealing directly with the insurance provider to buy an insurance plan without an intermediary. Since insurance is an important part of financial protection, here are some reasons why you should get online insurance and how it may benefit you. ​ Convenient Online insurance is quick and hassle-free. As the insurance

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.