You may ask, is it necessary? You bet. Yes, it is. Every policy serves its purpose. A life policy will provide a kind “financial assistance” in case of love ones left; medical policy is claimable only after hospitalization; critical illness policy will pay you upon confirmation of critical illness so that you have fund for treatment; PA is claimable only upon incident caused by accident. Have you ever realized that if the above mentioned circumstances happened, you may not be able to work for certain period of time? Without regular income, your family’s daily life might be affected? Therefore, if you are the main income source for the family and in case any thing happens to you, you must have income protection policy to ensure regular income will still come in to serve this purpose.
Be frank, there are not many income protection policies around. Do inquire your insurance agent if their company is offering this policy. The one I got was from Hong Leong Assurance. The policy was offered quite some years ago. Its income protection not only covers upon loss of earning ability caused by accident but also critical illness.
Do shop around.
Income Protection Policy
Reviewed by Pisstol Aer
Published :
Rating : 4.5
Published :
Rating : 4.5