Make your Insurance Work For YOU 4 Ways Of Ways Of Losing Our - - PowerPoint PPT Presentation

Make your Insurance Work For YOU

4 Ways Of

Ways Of Losing Our Income Losing Our Income

4) Ear 4) Early Deat ly Death 1) Quit Yo 1) Quit Your Job / S ur Job / Sack acked By Comp ed By Company any 2) Tot 2) Total & Perman al & Permanent Disabilit ent Disability ( y (eg eg. . Accident) Accident) 3) Crit 3) Critical I ical Illness llness (eg eg. . Cancer, Stroke, Cancer, Stroke, Heart Heart Attack Attack)

75% Uncontro 75% Uncontrollable Ris llable Risk 25% Cont 25% Controllable Risk rollable Risk

These are the basic elements that makes an insurance complete. Leave one out, a person would most likely complaint in the future.

Insurance 101

Upon death or Total Permanent Disability

Life/ TPD

Takes care of the in-hospitalisation bills

Medical & Surgical Personal Accident ONLY upon death or lose

limbs due to accident

36 Critical Illness

Back to basic

Most people go straight to second and the top tier and neglect the needed foundation.

Lifestyle & Other Expenses

Children Education, House, Cars , Shopping etc

Protection

Life Insurance, Critical Illness, Medical & Surgical , Personal Accident

Investments

Properties, Unit Trust, Shares, FD

30% 70%

What most people are worried about

Surgical Bill, Doctor’s Consultation Fee, Room & Board- which is most likely covered by your medical card

What most FORGET !!!

Loans

Car, House, Personal , Credit Cards

Living Expenses

Groceries, Utilities, Petrol, Toll

Hidden Expenses

Supplements, Alternative Treatments, Medication, Therapy, Special Diet

Other Expenses

Education, Children , Parents

Lets review

A p o l i c y v s a G O O D P O L I C Y

OR a protection plan ? A “savings” plan? a good policy should cover all angles with the right amount

Ask yourself: Do i have a proper plan?? Am i covered from all angles?? Am i paying too little/too much?? Am i getting the best value ?? Am i part of the statistics??

Be in the know

Paying a hefty premium does not mean you have a good

• policy. Be responsible enough

to know what you have AND what you don’t. Also, whether its sufficient. Never let yourself be part of the sad statistic! Life / TPD

5-10 Times of your annual income

Medical & Surgical Benefit

Know the full benefits and annual / lifetime limits

Personal Accident

Have at least a basic cover , unless you have a high risk job.

Critical Illness

A solid coverage of RM 300,000- RM 500,000 if its affordable.

Waiver

Enjoy the benefits without having to worry about paying the premium!

MOVING FORWARD –Under Covid 19 pandemic lets see how we could use insurance as a tool for :

1) 1) Business Business Owners Owners 2) 2) Staff Staff 3) 3) Freque Frequent Traveler nt Travelers 4) 4) Contrac Contractors tors

Working hard in business for future betterment of love ones but what happen when we are no longer here…. HAVE A PEACE OF MIND, PLAN NOW, BUILD A TRUST FUND AS HERITAGE

Directors Coverage / Keyman Policy

Personal Medical Coverage for Staff