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Owning a car in this new era has become a necessity and no longer a luxury. To a certain extent, car ownership is regularly included as a job requirement. This has become the biggest dilemma, especially among fresh graduates. There’s no harm in buying a car in Malaysia as long as you can afford the cost and stay within your means. The real question here is not how much you’re willing to spend on a car but how much you can afford. The true cost of a vehicle ownership If you can afford to save up and purchase the car[…]

Upon taking out a home loan, most banks will typically advise you to take out mortgage insurance to secure your house. Mortgage insurance helps to protect your family from losing the house to the creditors should something undesirable happen to you before the loan is fully paid off. Purchasing a home loan insurance enables your family to continue staying in the house while the balance loan amount is settled by the insurance provider. The two types of mortgage insurance available in Malaysia are Mortgage Reducing Term Assurance (MRTA) and Mortgage Level Term Assurance (MLTA). But for the first time home[…]

Insurance is essential in protecting our life from any potential risks that could ruin our financial wellbeing. Be it life insurance, travel insurance or health insurance, all these different types of insurance policies are there to protect you and your loved one in the event of a mishap. Among the many insurance products in the market, health insurance is a must-have policy to include in your financial plan. Health insurance will be a big help in reducing your financial burden of having to pay the hospital bills and the medicine cost that continue to rise. Malaysian are blessed with public[…]

Making mistakes is part and parcel of life. But a mistake associated with purchasing insurance is a mistake we cannot afford. Purchasing the wrong insurance policy with insufficient coverage or even overlapping coverage can hurt us financially in the long run. It will cost us precious time and money when it can be avoided altogether. Below is the list of common mistakes you could make when buying insurance. Let’s check them out. Not making any comparison Most of the time, people will avoid making comparisons for the insurance coverage that they’re going to purchase. It’s such a hassle they said. The[…]

Covid-19 is a worldwide concern, and on a national scale it is no exception. Since Malaysia has implemented the Movement Control Order, #StayAtHome has become a trending hashtag among social media users. This order has left some of us with unpaid or half-paid leave and that is something to be worried about especially for those who have been living from paycheck to paycheck. How can you afford to pay bills or stock up your kitchen with 2-weeks worth of food supply in this dire time? Be it a movement control order or any other unexpected circumstances, you won’t have to[…]

I’m sure at some point in our lives, we’ve all wondered: when did my childhood end? When did our lives stop consisting of playgrounds and blistering summer heat, sleepovers with our best friends and waiting for our parents to check for the monsters that lived underneath our bed? Somewhere, along the stages of growing up, we’ve outgrown our childhood dreams and fears, where the monsters hiding in our closets turn into monthly letters hiding in our mailboxes. I’m sure we certainly treat our bills almost the same way we did our childhood demons: pretend it’s not there and it no[…]

Malaysia has tonnes of insurance policies that you might not be aware of. But before that, let’s ask ourselves. Why do we get insured for? People opt for health insurance to pay for hospital bills, life insurance to ensure their loved ones are financially secure after their demise and car insurance to protect their wallets in case accidents happen. Those are the common types of insurance that most Malaysian choose. Technically, insurance is a wealth preservation tool that gives you a peace of mind against unprecedented accidents. However, there are other insurance in Malaysia that you wouldn’t think is necessary[…]

The Wuhan virus or 2019 Novel Coronavirus has affected the world in many ways across various industries. The tourism industry has seen a drastic decline with travel being closed off in a few regions across China. Many countries are concerned about the spread of the Wuhan virus and have taken extreme measures to bar the Mainland Chinese from entering. The Coronavirus has since spread to more than 27,000 people and has claimed more than 500 lives. Currently, there is no confirmed vaccine for the virus, causing worldwide paranoia of contracting the flu. The World Health Organization (WHO) has officially declared[…]

Have you ever sat down and wondered, how are insurance quotes calculated? Perhaps you had a discussion with a friend and discovered that their life insurance quote is lower than yours even though their policy covers the exact same thing yours does. You’re confused. Are there certain aspects in your life that resulted in such high insurance quotes? Knowing what goes into the cost of life insurance is valuable information. This little bit of knowledge could help you understand how life insurance quotes work and give you insight into some factors that could save you more money down the line.[…]

Investment-linked products – what are the pros and cons? Is it true that consumers get the best of both worlds by having their life insurance coverage and investments managed for them? Or, is it better to invest separately and stick to regular life insurance? As consumers, we have to consider the pros and cons before committing to a plan. Before we delve deeper, we have to first understand what are investment-linked products or in short, ILPs. Investment-linked products are the hybrid of life insurance and investment plan. In other words, it means you’re protected under insurance coverage, and at the[…]

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