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Risk protection (Part 2): How to choose the right Insurance or Takaful plan

Now that you know why risk protection is important as well as the different types of risk protection instruments available like insurance and Takaful – how do you decide which one is right for you?

Before you buy a risk protection instrument, there are different things you should consider like your own personal needs, insurance coverage & exclusions, claims process, terms & conditions, as well as payable amount.

In this video, we will guide you through the different factors to think about before committing to a risk protection instrument, as well as how to work with a licensed agent or specialist to sign up for insurance or Takaful.

Understand the different aspects involved so that you can make smart decisions about how to protect yourself from risks.

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Lesson Quiz

What is not important in making sure you have selected the right risk protection instrument that suits your lifestyle?

There are a lot of considerations when one is trying to understand protection needs. Which of these can be the least of priority when placing such considerations?