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;

When should I buy life insurance? PART1

There are many answers to above question.

So When...?

Sumpahan Kum Kum

Insurance is not just about figure. Some people I met claimed that they pay certain monthly premium, but received higher protection (in term of $) compared to Prudential. Well, every insurance company has their own package & plan. So does Prudential. It is definitely different once compared to one another. As an agent, I truly agree.

However, Insurance is not just about figure in $. Insurance has its complete cycle. When we talk about insurance cycle, it comprises of Right Plan - Hassle Free Service - On Time Reimbursement.

Semuanya kini diinsuranskan [Rumah]

Kepada yang pernah membeli rumah/merancang membeli rumah, mungkin anda tidak tahu yang sebahagian kecil dari jumlah bayaran ansuran bulanan rumah anda sebenarnya adalah bayaran untuk insurans Harga Rumah anda. Maknanya, sekiranya anda membayar RM1,000 setiap sebulan untuk rumah anda;kemungkinan bayaran ansuran bulanan rumah kepada pembiaya (institusi kewangan) sebenarnya cuma RM700 @ RM800 sahaja sebulan, manakala bakinya RM300 @ RM200 (untuk penggenapan kepada angka RM1,000) adalah insurans ke atas Harga Rumah anda.

Kenapa perlu ada insurans Harga Rumah? Sebab sekiranya anda meninggal @ hilang upaya sebelum jumlah pinjaman / baki pinjaman selesai, insurans tersebut akan membayar baki pinjaman / bayaran bulanan. Waris anda (ahli keluarga) tidak perlu bersusah payah untuk menyelesaikan baki pinjaman.

The G Hospital: "You can go home..." EPISODE1

I can still remember, somewhere in year 2006, i just finished doing my site works in one of Putrajaya Buildings-Kementerian Pembangunan Usahawan & Koperasi. The job required me to visit each floor by staircase for observation purpose. It was more than 15 level(if not mistaken) of using emergency staircase. It was very challenging & tiring.

I was thirsty right after job completion, then I decided to buy one take away Ice Tea drink (hand made). After received my order, the person who was washing dishes, stopped his work & entertained me by making the said Tea. I finished the tea, did my prayer & later drove home.