Protect Your Loved Ones

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Insurance protection plan for death in malaysia  For most of us, death stands as the greatest fear and for some of us death is also a motivating force that allows us to keep going. Of course nobody wants to die deliberately, it is the situation that pushes us to do so. Individuals who have families and commitments to look after would definitely not want to lose their lives due unavoidable circumstances. Because when a person dies, it’s not only the life, it’s together with the income that goes missing. Especially if you are the sole breadwinner of the family. Hence why we tend to look for protection that would secure us and people who are relying on us.
Life insurance is something that would help during circumstances like so. Some of you guys out there have a certain extent of understanding towards life insurance policy and how it works, some of you guys have probably even subscribed to plans like such. However they don’t actually know how it works and how our dependents can receive the beneficiaries that come out of our policy. 
How does life insurance works
The company pays a certain amount of benefit to your designated beneficiaries when you die. This operates on a contract basis and the policy differs according to the insurance company. Life insurance in Malaysia usually covers death from accidents, natural death and also death due to chronic illness. It also covers expenses for injuries and illness when you are still alive depending on the policy. There are generally 2 types of insurance being term life and permanent life insurance. Term life insurance covers you for a specific amount of time whereas a permanent life insurance covers you for the rest of your life. 

List of life insurance covered against death Natural death: Dying from illness and death from old age are examples of natural death which can be covered under life insuranceSuicide: Insurance company do cover deaths from suicide but it also comes together a waiting period (subjected to the insurance company)Accidental death: This particular includes deaths involving downing, car crash and  electrocution. There is a separate policy for this called the accidental health benefit insurance. Illness and injuries: certain policies cover you for injuries and illness while you are still alive. The policy can be purchased as a rider whereby it allows a death benefit or as a standalone policy. Any condition that permanently does not allow you to continue your daily activities normally. Would come under this category.  However, bear in mind that life insurance does not cover any sort of death against criminal activity like dying due to getting involved in a fight or dying due to overdose of drug and also death due to high risk of hobbies. For instance, non license hiking and skydiving. To conclude, life insurance is an investment that you are able to protect the welfare of your loved ones and you. You can never predict bad fortune so do yourself a favour by purchasing life insurance, your future self will thank you for this. 
The post Protect your loved ones first appeared on CAHAYA PERMATA.
The post Protect your loved ones appeared first on CAHAYA PERMATA.

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