Monday 9 February 2009

Are You Covered?

We take care of our prized possessions including our home and our car. We even insure them because we don't want anything to happen to them. So why is it that most people fail to apply that same level of care and concern towards themselves? Towards their loved ones?

Of course, we don't expect bad things to happen to us, but life is unexpected. Insurance cannot make the future more predictable, but it can at least be there when you and your loved ones need it most.
Things I Should Know

Basic principles of insurance & takaful

Types of insurance

Types of takaful

Where can I get an insurance or takaful product?
What Else Can I Do?
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What policies do you have? Have you taken any insurance for yourself or does your employer provide you with life and medical insurance? What about your family? Your spouse? Your children? Are they protected?
If no, then it's time to do some serious thinking about it. Think about how you're protected, and about what you need to protect.

Before you rush off and buy a policy just for the sake of having insurance, do some research. Not all policies are suitable for you. Different policies have different product features, benefits, conditions and exclusions.

Do your research and choose the type of policy that best suits your needs and life stage. Protect yourself. Protect your loved ones and get the most out of your money.

We don't like to think about it, but our time on earth is a limited gift. You might have prepared something to ensure that your family is well taken care of after you're gone, but have you done enough? Life insurance and family takaful can provide them with additional financial security, so that they can live comfortably after your passing. And with policies like investment-linked insurance and child education plan, your family may have the comprehensive protection required.

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