This Is Our Story

Woke up early morning today to listen on a SPE plan by Great Eastern..

Anyone interested to listen?

I can explain to you..

I feel it's not bad..

A person will have illness, retirement, and death one day..

An insurance company will cover all this..

But what comes to housing loan, car loan, study loan, credit card, business loan and etc??

For housing loan, each bank will make sure that you will need to take up MRTA which stands for Morgage Reduce Term Assurance where if there's anything happened to you..The house loan is free..

How about other loans?

This is a new plan that they come out with..

If there's anything happened to you, which includes any of it (death, permanent disability, 36 diseases) they will pay for the loans.

Usually when this happens, the money will be use for living expenses...

But now, there will be 2 part of it..

One for living expenses and one to cover the loans...

Another beneficial thing is that there is a FOC 1% add on to the sum insured yearly.

For example :

34 years old female.

Loan : RM165k

Monthly policy :RM150

Sum insured : RM165k

Yearly : RM150 X12 = RM1800

FOC 1% : RM1650

Actual Payment : RM150/ year

Actual Saving : RM362

Finally earn : RM212 instead of paying for the premium...

Do you understand??

HEHE..

This is my first time listening to it and explaining it..

Quite interesting..

Something to think about it

Till here..