Insurance packages Insurance has become part of a human’s life because insurance is able to help transfer the cost of potential loss for a fee which is known as premium. For instance, when a person’s vehicle meets a collision with the other vehicle he or she might not afford the total loss of the repairs, health care, or legal expenses. Home insurance The reason for having home insurance is because to ensure that the home is protected if the home is being damaged or destroyed by fire, lightning, domestic explosion, or another risk. Some homeowner insurance has different requirements which depend on where the home is located. For instance, mountain or hill location is a common area to get a flood, flood insurance is required. The benefits of house insurance are that it will cover the area that you might not expect such as dwelling coverage, personal property coverage, additional living expenses coverage and etc. There are many home content insurance Malaysia to choose, roughly more than 10 insurance companies. Travel insurance While travelling overseas many individuals buy travel insurance afraid of an unexpected event and also travel insurance is affordable compared to other insurance. Family travel insurance covers in case of an accidental injury, sickness, or death when travelling with a family member. The advantages of overseas travel insurance are able to receive high medical coverage where it pays for medical expenses coverage up to RM 300 000, fast claimable and etc. The benefits of having domestic travel insurance are that it is a 24/7 emergency assistance, emergency cash and etc. However, these travel insurance coverage covers many other things such as loss or theft baggage, personal accidents, trip cancellation and etc. Medical insurance Medical insurance is widely used by everyone especially when unexpected health care needs where the insurance is able to protect an individual from the expensive medical cost. The family medical insurance covers stuff such as dental, life, health, dismemberment, accidental death, and many more. When a person purchases a medical plan from the top financial planning service in Malaysia it entitles from using certain privileges based on the medical plan with the use of medical card insurance. Medical indemnity insurance is an agreement in which one party agrees to cover with compensation potential loss, damages, or injury. Medical card for senior citizen Malaysia enjoys a worry-free retirement that special insurance for senior citizens. For instance, senior citizens are able to receive extra death benefits of compensation. 36 critical illness There is about 36 critical illness that will be covered by insurance. These are the few common critical illnesses such as heart attack, stroke, cancer, kidney failure, coma and etc. A critical insurance illness plan is financial support when one may be diagnosed with a critical illness. Therefore, it also depends on the severity level of ailment. For instance, the early stage of cancer receives 50% sum assured while the later stage receives 100% sum assured. Life insurance Life insurance is when a person signs a contract with an insurance company to exchange for premium payments. Therefore, the insurance company will provide a lump-sum of payments when a person meets a death. Life insurance is able to provide financial protection for a period of 10 or 20 years. Online life insurance is where an individual is able to purchase insurance online. The benefits are that one may receive an automatic yearly renewal, the flexible sum insured, and most importantly is easy and simple to register online. However, there is no need to worry about which is a trustable insurance company in Malaysia. There is about 10 top insurance company in Malaysia that is very reputable, established, and trustworthy. Investments in insurance An individual should consider well before making an investment insurance plan as many insurance company have many to offer. For instance, a single premium plan provides a lump-sum of money while regular premium plan payments are either through monthly, quarterly, semi-annually, or annually. Understanding the risk of investment-linked plans may fluctuate with the unit price. That being said, the unit price fall, value investment falls and unit price rise, value investment rises. Motor insurance Motor insurance is also known as car insurance. This motor insurance from Allianz Malaysia is a type of insurance for vehicles on the road to provide financial protection from any physical damages or injury when a person meets from a traffic collision. Car insurance covers losses or damages to the car by the cause of fire or theft. However, motorcycle insurance has some similarities like cars but the downside is a loss or damages to the motorcycle caused by natural disasters that are normally not covered. Liability in insurance Public liability is where a person owns a small business in which public liability insurance may help to reduce the risk in the course of doing the business. For instance, when the client steps into the office fall from sitting the office chair after it broke or signage falls on them hence public liability insurance may help to protect from these type of risk. Product liability insurance is when a sum is insured when a third party uses the company’s product which may suffer from damages such as bodily injury when consuming or the usage of a defective product from the company. Professional liability is also known as professional indemnity this is where it protects against the person’s legal liability against paying for his or her own professional negligence in the course of the business. These professionals are usually, lawyers, doctors, engineers and etc.