
Life & Takaful
WHY DO I NEED LIFE INSURANCE?
Provides a lump sum payout upon death of the insured.
WHO DOES IT BENEFIT THE MOST?
The policyholder's dependents to ensure that they can continue to life a comfortable life despite the loss of income from the policyholder.
UNDERSTANDING THE IMPACT DEATH OF PERSON
ASSET FROZEN
The most immediate impact is the your asset is frozen upon death. It can take up anywhere from 6 months up to 9 years for your family to get your asset.
FUTURE GOALS
Your children’s education saving may be compromised too.
DEBT
You will still need to pay your debt when you are no longer around. As such, your loved one will need to shoulder the debt for you. E.g. House loans, car loans, personal loans, unpaid taxes, etc.
DAY TO DAY
When you are not around, your family loses your income that you bring. How are they able to continue cover their daily expenses?
HOW MUCH LIFE INSURANCE DO I NEED?
5
years
Cover 5x your annual salary

Calculate your current total debt

Your children's education cost

Your family's future goals
WHEN SHOULD I REVIEW MY POLICY?
Salary change
An addition to the family
Change in lifestyle
Change in career
Getting married
When financial obligations increase