Saving For A Thunderstorm
Are you financially prepared for a blow
that you can’t see coming? Why Do You Need Insurance? Signing up for a policy means more than just protection. Insurance agent Dhamayanthi Regunathan of Great Eastern Assurance (M) Bhd, decodes it so you know exactly what you’re getting.
PROTECTION Traditionally, a policy is taken to cushion the effects of life’s uncertainties by protecting you or your dependents financially.
SAVINGS You pay a monthly premium for a fixed period of time after which you get back everything you’ve put in and then some. Certain plans even give you yearly or bi-annual bonuses. A great retirement plan to consider! DEBT CANCELLATION/ MORTGAGE You can lump all your loans under a policy and get it paid off in the event of your death or if you are physically disabled hence causing you to be unemployed. This even applies to your home mortgage.
CHILD EDUCATION FUND Just like savings but the policy is invested in the interest of your little ones.