5 Reasons Why You Need to Get a Life Insurance in Malaysia

The Life Insurance Association Of Malaysia reported in February 2017 that the life insurance industry continued to register healthy growth in 2016. With a figure that is five-percent higher than that of 2015, more and more Malaysians are becoming more aware of the importance of insurance protection. If you have not bought a life insurance yet, here are reasons why you should get one: It can protect your family in case something happens to you. Life is full of uncertainties. A life insurance is a good option if you have dependents. Internationally acclaimed personal finance expert Suze Orman said if a child, a spouse, a life partner, or a parent depends on you and your income, then you need life insurance. You need to save something for retirement. How much will the goods cost at the time you give up work? Due to exchange rate and inflation, the prices of goods tend to become more expensive over time. Take note that your expenses do not end with food and bills. Do not forget about health care when computing for your retirement funds. Claiming the benefits is easier compared to other estate plans. All you need to do is choose a beneficiary who will claim the insurance upon your demise. Compared to will and trust, life insurance is way simpler and easier to manage. With a trust, the person has to wait until he is capable of handling the finances. With a life insurance, your beneficiary will only need to wait for the investigation to be completed. As long as you signed an agreement and regularly paid your premiums, your...

The Truth behind Cash Back Credit Cards: Does it Benefit You?

There are reasons why credit cards often get a bad press. The most glaring reason is the fact that it makes spending so much easier, that people buy more than what they can afford and later get into debt. However, that does not mean that credit cards are a bad idea at all. When used decently, credit cards can be the best financial tool. One perfect example of how credit cards can be beneficial is the reward that companies provide their consumers, cash back for example. What is the best cash back credit card in Malaysia? Selecting the best credit card can be a tedious process, especially if you are looking at the reward part. To help you with that, here are some things to take into consideration: Check if there is no cap on rebates. This means that you can get rewarded for all your expenditures without having to worry about limitations. Get one that automatically credits your rebate into your account. It should reflect on your monthly statement. Opt for the card that offers a high rebate and low or no annual fee. It would also help to apply where there is no annual fee. If you are a new customer, you can take advantage of some companies’ no annual fee offers for the first three years. What are other things to think about? Other than these factors, take note that credit cards offer more rewards other than cash back. You can also benefit from the interest-free promotions and easy payment privileges exclusive to consumers. For example, you can take advantage of discounts on hotels and lodge...

3 Things You Wish You Knew Before Taking Up Loans in Malaysia

Being short in cash is always a dilemma, especially amidst the due dates and bills piling up. One easy solution to this problem is to apply for fast cash through a loan facility such as a bank, a credible loan agent, or maybe an individual who offer quick cash loans.   But before taking up loans in Malaysia, here are three things that you must know: Loan application process Before you can get fast cash, most credit facilities have an application process and requirements which you must submit. Some banks have easy and convenient application process, while others require loan applicants for a co-maker or guarantor. Most banks often have their online forms that you can easily download and fill before going to their branch which ensures a faster and easier application process.   Type of loan to avail Depending on your need for cash, there are several types of loan that suit your necessity. If you’re up to pay some bills, then a personal loan is the one to apply for. If you’re purchasing either a home or a car or investing in a business, there is a particular property or business loan that you can avail of.   Interest rates Loans always come with add-on rates and benefits, and one thing that you must scrutinize well is the fees and other charges that will be charged to you once your loan application is approved. A good loan deal comes with the lowest interest rates and add-on fees. Other credit facilities even offer freebies such as gift checks, vouchers, and other gifts once you avail their loan services....

A Guide for Expats in Malaysia: 7 Essential Tips to Comfortably Settle In

Malaysia is a global country, home to big conglomerates and a booming startup scene. Thousands of expats move to Malaysia to work and ride the growing economy. If you happen to find yourself on a plane to live and work in Malaysia, the move can be quite daunting because of the new surroundings and culture. Here are seven tips to comfortably settle down in Malaysia.   Join a Club or Organization Making friends can be difficult when moving to a country full of new people and a new culture. A quick way to meet like-minded folks is to join expatriate groups and societies. Luckily, Malaysia is home to a slew of organizations whether you’re from Asia, the US or Europe.   Set a Routine To feel comfortable in a new country, be sure to continue certain habits you had back home. If you work out in the gym every morning, find a gym you like in Malaysia. If you spend weekends hiking, Malaysia is home to hiking trails. Continue doing what you love to adapt comfortably.   Set Up a Bank Account It’s advisable to open a Malaysian bank account because of the change in currency. A Malaysian account will also help you in managing different income flows and alleviating the risk of exchange rate fluctuations.   Tour Around the City It can be daunting to settle down in a new country. There are many places you are unaware of and need to know before Malaysia feels like home. Join a professional tour or get a friend to bring you around. Deliberately exploring the Malaysia is the best introduction....

7 Essential Travel Safety Tips to Stay Safe and Connected

The world is becoming smaller. Affordable flights, travel options, and applications are making it easier to fly around the world. Wanderlust is overflowing with the ease provided by technology. While travel has never been this available, it’s important to always be safe. While there are tons of travel tips out there, here are seven essential tips that the on-the-go and mobile traveler should not forget to stay safe and connected.   Download transportation applications Public transportation is different in every country, from the ubiquitous cabs to tricycles. Transportations applications like Uber, Grab and Lyft allows you to book vehicles from cars, motorcycles and even helicopters. The plus point is the companies have screened and approved the drivers for your safety.   Save a digital footprint In case you lose your passport or leave behind a credit card, for safety purposes, scan a copy of these important documents and save it on your mobile phones. You never know when you’ll need ID.   Always have Google Maps Google Maps allows you to save locations, create an itinerary, and select the safest route to get there. Whether by foot, bike or car, Google Maps can adopt different methods to get you to that museum or hole-in-the-wall fast and safe. Since you can’t always have a reliable internet connection, load your itinerary when connected via Wi-Fi (for example at your hotel). You’ll then be able to consult the map even offline.   Be travel-insured What are the chances of a complication on your flight? Not only travel insurance protects you from medical accidents, but it also provides protection in the case of...

Big Business – 5 Smart Ways to Fund Your Business Expansion

Among the most encouraging countries when it comes to SMEs is Malaysia. Understanding how these small and medium-sized enterprises work wonders for the economy, the Malaysian government has enacted countless policies and bills that make it much easier for start-up companies to find their place in the Malaysian market. Of course, while starting off with a small or medium-sized business might seem easy and profitable at the start, business owners often hunger for growth once they reach their maximum potential as a small enterprise. While dreaming up potential expansion and growth can be easy, finding the funding to do so isn’t quite as simple. Discover how you can finance your business expansion by checking out these smart methods that will guarantee success. Crowdfunding – If the public likes your idea, they might just decide to pitch in to help make it a reality. That’s the basic principle that fuels crowdfunding. There are multiple platforms that allow this kind of business financing, and all business owners need to do is put up their project details and set a funding goal. Those who read about the project have the option to donate whatever amount they want to in order to help the enterprise to its objective. If the budget is met, the fund goes to the business owner. If not, then the platform absorbs the accumulated fund. Loans – The most common business expansion funding option that enterprise owners use is the humble loan. Because lenders know how successful SMEs can be in the Malaysian market, they’re often very willing to put out hefty loan amounts to help out business owners....