Insurance is a type of financial instrument you can buy to protect you from any accident. This means that it can provide protection if something bad happens to you, your family members or your possessions.
How to choose the right insurance
- Ask yourself, do you need insurance protection?
Do not just follow friends or as far as possible. if already available, find out and cover the protection offered to you. insurance is another way that can help you and your family financially as it reduces or incurs health financing costs.
- Identify the protection you want and what you can afford.
understand every protected policy offered. It is important to understand that every ringgit you invest in will be prosecuted as enshrined.
- make sure the payment method makes it easy for you.
now payments can be done easily via auto debit from your savings account or credit card deduction.
- if possible, take full-time and experienced agents
full-time and unmarried full-time insurance representatives can give more time than the married couple. all this should be scrutinized as it will affect later.
- ask insurance representative
how much time it takes to process the approval and if it is approved how long it takes to get the policy book to go further
- ask the method and how to claim according to the actual procedure
maybe a good representative does everything for you but you still need to know the claim process at least know what to do when your insurance representative does not help.
- method or process
ask the methods and processes to terminate the insurance in the right way and how much time it takes to terminate the policy.
For more information about Insurance Planning Malaysia, please visit https://www.vka.com.my/
