October 20, 2014

Life Insurance, Yay or Nay?

MANY of us purchase insurance to cover ourselves for a rainy day. However, most people buy them blindly, not finding out enough about the policy or generally just not knowing what they’re getting in to.



The following are some mistakes to avoid when you’re considering to take up an insurance plan.

Future cash value based on present rates: One of the biggest mistakes people make when buying insurance is thinking that the cash values shown or presented are future values, says Success Concepts Life Planners chief executive officer Joyce Chuah.

“These are in fact present values that may not be sufficient for future consumption, be it for education or retirement. Education and cost of living inflation rates can be as high as 6% to 8% per annum.

“A RM1mil cash value will only be worth, in real terms, approximately RM300,000 in 20 years, assuming the education costs or personal living costs rise 6% per annum,” she says.

Non-disclosure of pre-existing ailments: Honesty is the best policy when applying for an insurance proposal, says licensed financial adviser and syariah financial advisory for Excellentte Consultancy Jeremy Tan.

“The truth in declaring the ailments a person has or had will save the hassle of the claims rejected in later years when death or disability or dreaded diseases occur. This happens when the insurer discovers it has not been declared earlier.”

Mistaking the plan for something it’s not: Confusing insurance as an investment tool rather than something for protection against unexpected events like death, disability or disease is another common mistake people make, says Chuah.

“We should just aim to have the highest coverage at the lowest premiums. Instead, invest the difference in a separate investment portfolio meant for your personal goals.

“Returns may not be that great from an insurance plan even if it is an investment-linked plan, as some parts of your premiums go towards the cost of insurance and is not 100% invested.”

She adds that many people think it is safer to invest in an insurance plan because of the word “guaranteed cashflows” or “guaranteed portions,” not knowing that what is guaranteed are usually risk-free rates – namely, what you would get from normal deposits.

“They are probably not aware that not everything is guaranteed and the cash values are just projections into the future at estimated returns on investments.

Purchasing policies too late: Tan points out that a lot of people purchase policies only in later years and when their health conditions have deteriorated.

“The costs of insurance and premiums to be paid will be higher than buying when you are at a younger age.

“In later years, due to certain health conditions, one may not be able to obtain full coverage, namely with the exclusion and/or loading on top of normal premiums.”

Unable to understand insurance terminology: When this happens, a person may not be able to verify if the proposal presented is suitable or not, says Chuah.

“There are just too many different technical terminologies which can be confusing to the lay person.”

She says that in most cases, people just let the agent propose and accept premiums as they are presented.

“Sometimes the agents offer riders which are not necessary or may even intentionally increase premiums by topping up more premiums into investments (if it is an investment-linked plan).

“I am not saying such methods are bad, but if the person’s cash flow is limited, it may be better to have higher coverage at a lower premium by removing some unnecessary riders and/or additional investments.”

Not purchasing an insurance policy: This, in itself, is a big mistake, says Tan.

“When life risks occur, we will need to draw on and even deplete our savings which may be needed for other living expenses.

“This is more critical in phases of life when we have dependents and in later years when we are economically not viable anymore,” he says.

There are no such thing as guarantees: “Guaranteed saving plans do not really guarantee much hedging against inflationary risks,” says Chuah.

“Imagine almost an instant 10% guaranteed return on the sum assured within the first year. Think again. How is that possible and where do they get the 10% return in just a short time?

“Work out the internal rate of return which takes into account time value of money paid (which is earlier) and money distributed (which comes later). Are you giving up your purchasing power for something which you may not need?” she asks.

Source http://www.thestar.com.my/Business/Business-News/2014/07/12/Mistakes-to-avoid-when-buying-insurance/?style=biz

Saturday, 12 July 2014
By: EUGENE MAHALINGAM

October 19, 2014

Panduan Mendaftar Peperiksaan Asas Takaful

Maklumat Penting Yang Bakal Ejen Takaful Perlu Tahu Tentang Perperiksaan Asas Takaful 

TBE adalah satu peperiksaan kelayakan untuk melayakkan mereka yang berminat untuk menjadi seorang ejen takaful yang berdaftar di dalam industri perkhidmatan kewangan bagi mempromosikan produk-produk dan perkhidmatan Takaful.

TBE juga mampu menambahkan pengetahuan para ejen untuk menyediakan penyelesaian kewangan yang adil dan berwibawa kepada para prospek mengikut keperluan prospek itu sendiri.

Peperiksaan Asas Takaful (TBE - Takaful Basic Examination) dijalankan sepenuhnya secara atas talian dan berasaskan komputer dengan pilihan Bahasa Malaysia atau Bahasa Inggeris.

Jumlah markah lulus Peperiksaan Asas Takaful (TBE) ialah sekurang-kurangnya 55 markah.

Peperiksaan ini adalah kelayakan mandatori bagi meningkatkan dan menambah baik tahap kompetensi dan profesionalisme ejen-ejen Takaful di Malaysia.

Syarat-syarat layak menduduki Peperiksaan Asas Takaful (TBE)

  • Warganegara Malaysia
  • Berumur 18 tahun dan ke atas
  • Memiliki sekurang-kurangnya sijil SPM/MCE atau yang setaraf dengannya yang diiktiraf oleh Malaysian Takaful Association (MTA)

Peperiksaan ini dijalankan secara atas talian di pusat-pusat peperiksaan yang telah ditetapkan dan mengandungi tiga (3)  bahagian iaitu:
  • Bahagian A: Asas Takaful dan Takaful Perubatan & Kesihatan - 13 Bab
  • Bahagian B: Takaful Am - 6 Bab
  • Bahagian C: Takaful Keluarga dan Pelan Takaful Berkaitan Pelaburan (ILTP) - 15 Bab

TBE-Peperiksaan-Asas-Takaful
Format Peperiksaan Asas Takaful


Sumber Bahan Rujukan 
Amalan Asas Takaful (Tahap Permulaan untuk Pengamal)
ISBN : 978-967-0149-24-0
639 muka surat/ RM56
Ahmad Mazlan Zulkifli
(Buku ini boleh dibeli di Perpustakaan & Bookshoppe IBFIM di Aras 5, Dataran Kewangan Darul Takaful, Jalan Sultan Sulaiman, 50000, Kuala Lumpur atau di mana-mana cawangan MPH, Kinokuniya, Perpustakaan Negara, MII dan kedai-kedai buku terpilih).

Nota e-Book PERCUMA dalam format .pdf untuk 
Bahagian A (99 pages , size 1,136KB) & 
Bahagian C (81 pages, size 625KB) 
boleh dapatkan daripada saya via email ke khaidir.zakaria@gmail.com

****

Sila baca terlebih dahulu dan rujuk URL ini (http://www.takafuleexam.com/tbe/introduction#) sebelum membuat sebarang pertanyaan berkaitan pendaftaran, bayaran online,  lokasi peperiksaan, pembelian buku rujukan, syarat-syarat peraturan TBE, sijil, yuran dan proses aliran TBE. Atau, sila berhubung terus dengan menghubungi khidmat pelanggan IBFIM 03-2031 1010 

P.S : Saya sangat menggalakkan calon untuk membaca buku rujukan (Amalan Asas Takaful), bagi memahami konsep Takaful dan merujuk dengan mereka yang berpengalaman sebelum menghadiri peperiksaan TBE. Ini bagi memudahkan calon memahami serba sedikit dunia realiti industri Takaful. Diharap panduan ini memberikan sedikit sebanyak pengalaman yang baik kepada anda. Untuk komen penambahbaikan, saya alu-alukan cadangan daripada anda. Terima kasih. 

October 18, 2014

CBE-PCEIA & CEILLI

How to register ?

Application for examination is manual. You need to fill up the registration form and attach a copy of your academic certificate. You can get the registration form from MII Customer Service counters at:

MII MAIN 
The Malaysian Insurance Institute
No.5, Jalan Sri Semantan Satu
Damansara Heights
50490 Kuala Lumpur

MII CITY CENTRE
The Malaysian Insurance Institute
Suite 6.0W 6th Floor, Wisma Sime Darby
Jalan Raja Laut
50350 Kuala Lumpur



Minimum Entry Requirement

PCEIA
SPM/MCE or its equivalent with 5 passes inclusive of a pass in BM. 
A copy of your certificate MUST be attached to the registration form.
Payment : AB or AC = RM80 , BO or CO = RM75

CEILLI
No minimum entry requirement.
Payment : RM95

Mode of Payment
Payment must be made by cash or credit card (walk-in only), money order, postal order or bank draft.
Payable to : The Malaysian Insurance Institute


Note :

  • This information is only for checking the availability of the examination dates, the number of examination sessions and the availability seats of the examination in our Kuala Lumpur and outstation centres (Johor Bahru, Penang, Kota Kinabalu, Kuching, Kota Bharu, Ipoh, Kuantan, Melaka, Miri & Sg Petani).
  • Registration is on a first-come-first-served basis.
  • Your registration MUST be submitted and received by MII
For enquiries, please contact The Malaysian Insurance Institute at customercare@mii.org.my 
or tel: 03-2087 8882.

October 15, 2014

Kajian Kes Takaful



Bagaimana dan apakah faktor asas yang di ambil kira dalam memohon sesebuah pelan perlindungan Takaful?

Contoh Kajian Kes
Kemukakan maklumat pendapatan, perbelanjaan, pinjaman, hutang, asset, dll seperti berikut

Azmin Ali bin Abdullah
31 tahun
Lelaki
Single
Jurutera Komputer
MNC di Cyberjaya
RM3,700/sebulan @ RM44,400/setahun (Pendapatan)

Merokok (RM96/sebulan 8 kotak Dunhill)
Sewa-Beli Kereta Satria Neo (RM500/sebulan)
Sewa Bilik (RM350/sebulan)
Makan & Minum (RM600/sebulan, anggaran RM20/sehari)
Petrol (RM184/sebulan = 80L , jarak perjalanan dari rumah ke office adalah 15km)
Tol & Parking (RM100/sebulan dalam Touch N Go)
Credit Card (RM200/sebulan)
Astro (RM110/sebulan)
Pospaid Phone (RM100)
Hiburan & Rekreasi (RM300/sebulan)

Simpanan Tabung Haji (RM200/sebulan)
Zakat Pendapatan (RM95/sebulan)

Jumlah perbelanjaan Azmin Ali sebulan adalah RM 2,835 = RM 34,020/setahun ( - RM 3,700)
baki RM 865

Net Cash Flow = Total Inflows - Total Outflows

Kiraan kelayakan basic sum covered.
(Berdasarkan Multiple of Earned Income Factor = Death Cover 15-30x, Crictical Illness 7-10x)

(Pendapatan sebulan x 12 bulan x 9 tahun)
(RM3,700 x12 x 9 = RM 399,600)

Cadangan jumlah perlindungan asas yang perlu ada seperti di bawah.

Berapa yang perlu Azmin Ali carum sebulan untuk dapatkan 
Basic sum covered RM 400,000
Critical Illness benefit RM 400,000
Dan, RM 100,000/setahun Full Coverage Kad Perubatan?

= RM600/sebulan caruman takaful (ver2.4.0.9)

Baki perbelanjaan tolak caruman perlindungan takaful

RM 865 – RM600
=  RM 265
Baki RM265 ini dicadangkan di simpan-labur di Tabung Haji, PRS atau ASB.

*Kiraan ini tidak termasuk pendapatan pasif dan cukai. 

October 13, 2014

Lets Meet and Talk

by Khaidir Zakaria Takaful



Have good insurance coverage.

They say that smart people expect the unexpected, and have a plan for what they'll do just in case. You never know when you'll need a large sum of money during an emergency. Having good insurance coverage can really help tide you over through a crisis.

Talk with your family about different kinds of insurance that you can purchase to help you in the event of an emergency:

  • Life insurance (if you or a spouse unexpectedly dies)
  • Health insurance (if you have to pay for unexpected hospital and/or doctor bills)
  • Homeowner's insurance (if something unexpected harms or destroys your home - MLTT/MLTA)
  • Disaster insurance (for tornadoes, earthquakes, floods, fires, etc.)
  • Employee Benefits Solutions
  • Business Insurance (for Key man Insurance)
  • Child Education Takaful Plan

Lets meet and talk,

Khaidir Zakaria
+601128261061
Cyberjaya

October 12, 2014

October 8, 2014

Direktori Cawangan PruBSN

Kami senaraikan lokasi 8 cawangan Prudential BSN Takaful Berhad untuk makluman dan kemudahan bersama.

Perkhidmatan Pelanggan operasi bermula dari jam 830am - 515pm.

Tel  : 03 2053 7188
Fax : 03 2026 7688

Untuk permohonan baru dan pertanyaan, boleh berhubung dengan pegawai kami, sila hubungi En Khaidir Zakaria di talian +601128261061

Ibu Pejabat (Kuala Lumpur)
Level 8A Menara Prudential
No 10, Jalan Sultan Ismail
50250 Kuala Lumpur

Cawangan Kuala Lumpur
Level 3, Lot 3A-01-03,
Jalan Wangsa Delima 10,
D Wangsa, Wangsa Maju,
53300, Setapak, WP Kuala Lumpur

Cawangan Selangor
No. 104, Jalan Opera L U2/L,
Section U2, Taman TTDI Jaya,
40150, Shah Alam, Selangor

Cawangan Johor
No 38-G, Jalan Austin Perdana 3/10
Taman Austin Perdana
81100 Johor Bahru, Johor

Cawangan Melaka
Lot No. 12, Jalan Melaka Raya 8
Taman Melaka Raya
75000 Melaka

Cawangan Kedah
Jalan Perdana Heights 1/2
08000 Sungai Petani, Kedah

Cawangan Ipoh
No. 16, Persiaran Greentown 4
Greentown Avenue
30450 Ipoh, Perak

Cawangan Sabah
KK Taipan, Block L, Lot No.11,
Ground Floor, Lorong Kk Taipan 3,
Inanam New Township,
88450, Kota Kinabalu, Sabah

Cawangan Sarawak 
Sixth Floor, Wisma Prudential,
Lot 70, Section 54, Abell Road,
93100, Kuching, Sarawak

Rujukan : Direktori Cawangan PruBSN