A client of mine — let’s call her Annie — is a 31-year-old private hospital pharmacist in Selangor. Solid salary, diligent EPF contributor, even started a small unit trust portfolio last year. By most measures, she is doing the right things. When I reviewed her insurance, I found she had a medical card with an …
In this article, the nomination I mean is the naming of beneficiary(ies) for three assets, namely your Employees Provident Fund (EPF), life insurance and personal accident insurance, and Private Retirement Scheme (PRS). This is part of your estate planning. The beneficiary(ies) of these assets are known as nominees. Why should you make the nomination? As …
Life is full of risk and insurance is an instrument to transfer the risk to the insurer. Honestly, insurance is something that most purchasers wish they do not need to claim. Why do we need insurance? Insurance will compensate us for our loss if the insured event occurs. Without insurance, we have to bear the …
