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,
Source: Getty Images You're finally leaving home and moving into the world of grown-ups. Moving into adulthood means doing a lot of things you’ve probably never done before, like having a full-time job, complete with a pay cheque. You’ll also need to learn how to manage your own money, including budgeting, tracking your expenses, paying your bills and taxes. Source: Married at First Sight As you work hard to build a career, earn a living and grow your savings, you need to also plan ahead for the unforeseen by making sure your finances and health are protected with insurance.
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
Source: JOOINN 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