Insurance Planning Malaysia

Underwater Scuba Diving Social Media Advertisement (4)

4 Basic mistakes about life insurance.

When we talk about life insurance, many people say things are not right. It’s probably based on the stories of people around them about life insurance. However, do you know the importance of this life insurance for you and your family? Here, we list some of the mistakes people make about life insurance.

 

  • Don’t understand insurance differences.

 

There are 5 types of insurance:

  • Participating Life Insurance (Endowment Plan)
  • Non-Participating Lifetime Life Insurance
  • Periodic Insurance Plan
  • Depreciated Term Insurance Plan
  • Investment-linked Insurance Plan.

Identify the type of coverage you need or can ask an insurance agent to avoid this error.

 

  • There is no clear goal.

 

Why did you buy life insurance? Typically for this question:

  • Protect your loved ones in the event of any harm to yourself
  • Protect yourself against permanent disability.
  • Make financial savings.
  • Make it an investment.

Before deciding to buy insurance, always ask yourself, what did you buy? The answer to that question can be a guide for you to choose the right policy.

 

  • No one wants to be protected.

 

This is a common mistake for most people. Many assume they have not yet established a home or may not have family dependencies and do not need life insurance. What they don’t realize is that they have a permanent disability or a critical illness.

 

  • Take too much insurance.

 

One of the biggest mistakes is taking too much insurance. They may think that everything needs to be protected. However, some have made the wrong move as a result of the high fees and the burden on them. Therefore, it is important to identify what kind of protection you want first.

For more information about Insurance Planning Malaysia, please visit https://www.vka.com.my/

Get a FREE 1-to-1 SEO Service Consultation

Fill up below and we will get back to you a FREE 1-to-1 SEO Service consultation on how to grow your business in Google!

Latest News

What’s New in Supplier Directory?

The Importance of Properly Maintaining Your Air Dryer

Air dryers play a crucial role in many industrial and commercial settings by removing moisture from compressed air systems. Properly …

Bringing Clear Vision Back: The Success of Cataract Eye Surgery

Cataract eye surgery is one of the most popular treatments performed worldwide, with millions of procedures conducted each year. The …

Achieve the Perfect Look with Genshin Impact Cosplay Contacts

Genshin Impact is a popular open-world action role-playing game that has gained a massive following since its release. The game …

Eyes of Darkness: How to Achieve the Perfect Look with Black Contact Lenses

Black contact lenses are a popular choice for those looking to create a gothic, mysterious, or even a supernatural look. …

Everything about Malaysia’s premium visa programme

Malaysia announced a Premium Visa Programme (PVIP) on September 1st, 2022, to entice foreigners to invest in Malaysia and remain …

How Visual Content Can Quickly Increase Your SEO Rankings

The days of reading through text-heavy user manuals to learn about a product or service are long gone. Visual aspects …

Malaysia has launched a new project to provide special visas to wealthy foreigners

The Malaysian government has now announced a new Malaysian visa scheme – a “residency via investment” programme. According to Home …

Dos and Don’ts in SEO

As competition in the marketplace intensifies, many firms turn to unethical practices on their websites. This is one of the …