The general takaful concept is you contribute a sum of money to a takaful fund in the form of participative contribution (tabarru’). You will undertake a contract (aqad) for you to become one of the participants by agreeing to mutually help each other, should any of the participants suffer any form of misfortune, either arising [...]
May
24
2009
24
2009
May
22
2009
22
2009
ING Premier Critical Cover
ING Premier Critical Cover is a whole life participating plan maturing at age 85. Since this plan increases in sum insured, it means that the overall death/ total and permanent disability/ critical illness proceed increases! a great way to offset inflation!
It is a plan that offers you and your family the financial means to continue [...]
May
21
2009
21
2009
Who is an Insurance Agent?
Works for an insurance company selling life, accident, endowment, fire, marine and other types of insurance.
Sources for new clients, assesses the needs and financial means of clients and draws up policy proposals that will suit the clients’ needs and lifestyles.
Sells policies, explains features, premium rates, cash and loan values and other benefits to clients.
Arranges for [...]
May
19
2009
19
2009
Rebates for direct insurance
By ROYCE CHEAH
PETALING JAYA: Come July 1, car owners who buy motor insurance directly from insurance companies without using the services of an agent will qualify for mandatory rebates, a move that could render agents redundant.
The move would see new customers being given a 5% rebate on their insurance if they buy it via channels [...]
May
10
2009
10
2009
Tips to make sure your car doesn’t get stolen!
Keys in the ignition! Reminder: Never, never, never leave your keys in the car even for a second, even while running a quick errand at the groceries stores, at the ATM, or to pay your gas at the gas station or to pick up your kids across the road.
Vehicles stolen were left unlocked. Reminder: Always [...]
May
9
2009
9
2009
Tips on managing your life insurance policy
Always remember your premium due dates to avoid a policy lapse.
Always insist on a receipt as proof of payment.
Ensure your age is stated correctly in the proposal as the life insurance company will pay an amount equal to the insurance that the premium would have bought at the correct age.
Review your insurance needs regularly for [...]
May
8
2009
8
2009
General Insurance in Malaysia
General insurance is basically an insurance policy that protects you against losses and damages other than those covered by life insurance. For more comprehensive coverage, it is vital for you to know about the risks covered to ensure that you and your family are protected from unforeseen losses. The coverage period for most general insurance [...]
May
7
2009
7
2009
Life Insurance in Malaysia
Life insurance is an insurance coverage that pays out a certain amount of money to the insured or their specified beneficiaries upon a certain event such as death of the individual who is insured. The coverage period for life insurance is usually more than a year. So this requires periodic premium payments, either monthly, quarterly [...]
May
6
2009
6
2009
Tips on buying life insurance
Be sure to buy from a licensed company through an authorized agent
Buying life insurance is essentially buying future financial security for your family. Licensed insurance companies are listed in Bank Negara Malaysia’s website or should you need to find out more, contact the Life Insurance Association of Malaysia (LIAM).
Shop around for rates
Seek premium quotes and [...]
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