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4 things to consider when choosing a pension plan

Each insurance company offers us a variety of products with their own benefits. However, in order for us to select the benefits that suit our needs, it is a good idea to study each product and find out about the associated insurance company.

The problem is that when we rush to buy insurance products without understanding the benefits well, we regret buying products whose benefits do not meet our needs.

If so, how do you avoid choosing the wrong product and insurance company?
Before familiarizing yourself with specific insurance products and companies, it is important to first be sure which insurance benefits suit our needs. After that, we can take some steps as listed below.

1. Reputation of the insurance company

Of course, in order to get the right protection solution, we would like to open insurance in a company whose reputation is guaranteed. For this reason, it is advisable to research complete information about insurance companies and consult an official advisor.

Check out their track record and performance in dealing with clients over the past few years. This allows us to assess how safe the monies we invest in insurance products are and feel more comfortable paying premiums.

2. Calculate premium payment

The insurance premium is defined as the payment amount determined as the cost of transferring risk from the policyholder to the insurance provider. So we also have to adapt to our abilities. Don’t let our finances get messed up because we have to pay certain insurance premiums.

Therefore, we must really understand the contents of the insurance policies that we issue, so that there are no arrears or arrears in the middle of the road, so that the benefits from the associated insurances do not occur optimally or in line with your financial goals. /to plan.

3. Administrative Procedures

Choosing an insurance company should not be based on the superiority of the product, but also on the administrative process. As far as possible, we select insurance from companies whose administrative processes are easily accessible.

For example, insurance companies that offer cashless facilities are generally easier to use than those that use a reimbursement system. All you have to do is come to the hospital and show your membership card, no need to pay first and process the application later.

With a quick management process, the process can be faster in healthcare facilities. For this reason, the simplicity of administrative procedures is also one of the most important factors to consider before choosing an insurance company.

Through this product, we can be calmer and no longer have to worry about medical expenses if we have to be hospitalized in a hospital. Because, in addition to the costs that will be borne according to the bill, there are room fees abroad and there is an additional annual limit for critical illnesses.

From the various explanations above, now we know better how to choose a good insurance company and what products are the most important to prioritize, right?

Come on, protect our souls and health from now on, so we can be calmer in old age!

Finally, identify in detail the insurance product you want to buy. There are various insurance products, such as life insurance, health insurance, education insurance, unit link insurance or Sharia insurance. However, when adapted to basic human needs, health and life insurance become a top priority to protect finances in the face of life risks such as illness and death.

Speaking of health and life insurance, what products can meet our needs?
The benefits offered by each insurance company will certainly vary even though they are in the same category. In this case we can choose MiACTION products (MiAssurance Protection Plan).

This product provides policyholders with annual cash benefits from year 6 through year 20 (end of coverage) for as long as the policy is active. If the insured person dies during the insurance period, 100% of the basic sum insured will be paid out to the named person.

As for health insurance, there is MiUltimate HealthCare which can offer health insurance until we are 110 years old or until our loved ones are 25 years old.

Through this product, we can be calmer and no longer have to worry about medical expenses if we have to be hospitalized in a hospital. Because, in addition to the costs that will be borne according to the bill, there are room fees abroad and there is an additional annual limit for critical illnesses.

From the various explanations above, now we know better how to choose a good insurance company and what products are the most important to prioritize, right?

Come on, protect our souls and health from now on, so we can be calmer in old age!

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