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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[…]

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[…]

In a world full of uncertainties, insurance is the best way to back you up and prevent personal loss. “It’s the peace of mind that you’re buying,” some people would say. However, a lot of people subject themselves to the dangers of being underinsured when cost becomes the biggest factor. Many people focus on the current premium they pay and fail to see the long-term benefits insurance can bring. Instead of evaluating their actual needs, they opt for the least expensive plan they can get. A bargain sounds good, but the risk of being underinsured is not a price anyone[…]

When it comes to insurance, most people share the same misconception that it is an unnecessary expenditure because they fail to see its value. To some people, insurance is useless as they haven’t utilized it at all after months and years of paying. It’s a form of “investment” that they do not see or have yet to see the returns. Hence, they would rather cut it off and allocate the money for other purposes. At the end of the day, the money will be spent on things that they might not even remember. With a healthy body, diseases won’t come[…]

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