Typical Question: "I am covered by the company..." PART3

Why should I have another/additional life insurance policy, when I am covered by my company that I work with...?

Good Question!

A huge number of my clients actually had their company's coverage in term of medical and/or personal accident coverage, but still they took another personal prudential life insurance policy. Be it conventional or takaful plan.

Why?

Typical Question: "I am covered by the company..." PART2

At first glance;
"I am covered by the company, so no need to have another personal insurance plan..."

Yes. Very true. Of course no need for you to apply for another personal life insurance, if the company covers you. Most people think it is a waste to have 2 different insurance at the same time.

By calculation, yes it maybe a waste. Why should you spend additional money/personal money for insurance that may provide you with the same coverage. It is better to save that additional money traditionally, either keep it in bank or re-invest it somewhere, rather than keep it/re-invest it with an insurance plan.

On the contrary;

Typical Question: "I am covered by the company..." PART1

I meet one of my old friends recently in Taman Cuepacs, Cheras (we studied together in primary school). We share the same interest, football definitely. We talked a lot on that cold rainy evening at one of Mamak Restaurants there. As an Authorized Agent, surely one of the purposes of meeting him was to share about takaful medical protection. My good friend had no objection to listen.

I met lots of different people in this field. However different people do not mean different question will occur. Some people have lots of question while some people may have less.Some people may ask new/unique question while the others ask typical question.
During that sharing session, my good friend ask this typical question, as always;