Life Protection
Protect your loved ones’ future from life’s uncertainties.
EVERY LOVE STORY IS BEAUTIFUL
It's the starting point of all good things.
You’ve married your best friend. Your status is no longer ‘Single’ or ‘In a relationship’, but ‘Married’. A whole new chapter is waiting to be written. The days ahead are filled with potential. Let’s make each moment something to remember.
TIPS AND ADVICE
A PLACE TO CALL HOME
One of the most important decisions you’d make is finding that cozy little spot in this world that you’ll put roots down and build your new family. There are many questions to grapple with: Should you move into an apartment or house? Buy or rent? How much should you save? Here’s some thought starters for you.
Rent or Buy?
Here are the pros and cons.
Pro
Rent
- Mobility
- Lower Cost
- You can afford to rent a nicer home
Buy
- Gaining an asset
- Stability
- Make your home your own
Con
Rent
- Fussy landlords
- No investment value
- No guarantees
Buy
- Long term commitment
- Cost of maintenance
- Need cash fast? Not so fast!
Source: http://ringgitplus.com/en/blog/Home-Loans/Should-You-Rent-or-Buy-Your-First-Home.html
SAVE UP FOR RAINY DAYS
Marriage doesn’t mean clear blue skies every day. That’s only in the movies. In the real world, we have to be prepared for all kinds of weather. You may be thoroughly unprepared for some but that’s alright, it happens. After awhile, handling these things will be second nature to you. But no matter what, it’s always good to save. Be practical about what you want, and what you need. Knowing your goal will help you decide what you should put your money into.
Malaysians' top investing priorities
of Malaysians commit at least 20% of their monthly income towards achieving their financial goal
Health
Only 48% of Malaysians actively save for their healthcare needs
(a diversified strategy using a mix of local bank accounts, life insurance, and saving plans was most common)
Unexpected household emergencies
At least 50% of Malaysians rely on their current savings and time-deposits for unexpected emergencies
retirement
Life insurance and goverment / private investment schemes are popular choices to achieve Malaysians' long term financial goals
Only 48% of Malaysians actively save for their healthcare needs
(a diversified strategy using a mix of local bank accounts, life insurance, and saving plans was most common)
At least 50% of Malaysians rely on their current savings and time-deposits for unexpected emergencies
Life insurance and goverment / private investment schemes are popular choices to achieve Malaysians' long term financial goals
Source: http://www.nielsen.com/my/en/insights/news/2014/savings-and-investment-strategies.html
ALWAYS LOOK OUT FOR EACH OTHER
Some jump on trampolines. Others go white-water rafting. Many take on volunteering work together. Just because you’re married doesn’t mean you should stop dating. Set time aside time for your spouse. Look out for each other. Beyond physical health, pay attention to your partner’s mental, emotional, and spiritual well-being.
Connect in More Ways than One
Set aside one day in the week for each other
Get involved in your partner’s hobbies and activities
Volunteer at a local charity together
Make a physical photo album (Remember those things?)
Write an occasional love letter (Not just on Feb 14!)
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LIFE PROTECTION
Medical Protection
Get comprehensive medical coverage until you are 100 years old with no limit on the amount you can claim.
Saving and Investment
Maximise your money with a first of its kind short-pay savings plan.