What is Health Protection?
It Is to help you meet financial goals such as saving for your kid's education expenses, or to build up savings during a fixed policy term. However, the guaranteed cash amount you receive may be less than the sum of the premiums paid. This is because part of the premiums will be spent for insurance protection while the rest is invested and is dependent on various investment risk. These plans are meant to pay a lump sum after a specific term (e.g. 10, 15 or 20 years) or on death.
Why is Health Protection important?
When you put money aside, you want to make sure it works hard for you. Especially as they are planned for life's major events. Wealth Accumulation plan enables you to attain your financial goals, whether it is to build up a nest egg or save for children's education or a rainy day. Planning early means that you don't have to worry about the future.