Insurance101

First off, if you’re intrigued by this topic, it’s very likely you have a new addition to your family. Hence, Congratulations! ​Source: Giphy Having a newborn in the family is one of the biggest joys you can experience in life. It means your life will never be the same again and you’ll be embarking on a selfless transition to provide the best for your family. However, this overwhelming joy may sometimes be accompanied by an unsettling aftertaste. One minute you’ll be overjoyed by your adorable baby but the next you might be pondering how you can set a fulfilling life that your little one

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 - life and health

An investment-linked plan (ILP) is a 2-in-1 life insurance policy that combines protection and investment. The premiums that you pay provide you not only with life insurance cover but part of the premiums will also be invested in specific investment funds of your choice that suit your risk appetite. This helps your account value to grow and ride out market volatility with partial & top up features. Hence, ILPs have become popular over the years, and is now a mainstay in the product portfolio of many insurance providers. Meanwhile, traditional life insurance plan is offered at a

Many people consider life insurance and retirement planning as two separate things. One is a financial cushion for your loved ones if the unthinkable happens to you. The other is a savings plan for your golden years.   But are you aware that life insurance can also be a source of savings for your retirement? Here’s how it works:  Source: Giphy 1. Maturity benefit Certain types of life insurance provide a maturity benefit, which refers to a lump sum that's paid to you by your insurance provider upon the end of your policy's term.  So if your life policy covers you for 20

Insurance has become a necessity to shield us financially from unforeseen loss or damage.  As this is a long-term investment for financial security, you will want to make sure you get the most out of your protection plan. But with so many types of policies in the market for different purposes, how do you ensure that you’re able to maximise the value you get out of your coverage?    It is going to take a little time and research, but the following tips can help: Source: makeameme.org 1. Choose the right plan with the right coverage  In general, a life insurance plan