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Buy insurance for child Malaysi

Long Term Protection for Your Children

For parents, providing for, educating, guiding, and sheltering their children comes naturally. From guiding them through their toy puzzles, and teaching them ABCs. All of this is done to safeguard their future against misguidance. Let’s talk about long-term efforts. Perhaps parents have considered it but aren’t sure what’s the first step. Here are some actions we may do to ensure that our kids lead happy lives up until they become adults. 

Child insurance

It’s every parent’s dream to see their children’s future ensured with the best opportunities and it’s even better when they are financially supported. There’s a great deal of effort asserting planning to do in the right opportunities at the right time. Hence, planning their future since birth is the right step to start. Buy insurance for child Malaysia can be beneficial for your children’s future. As a result, your children’s chances at health and education are financially protected. You can even customize your insurance plan based on what your children need. 

Raise active children

It’s essential that our children are active, fit, and healthy. Guide them so that they are used to being active so that their mental health is in tip-top shape and they are physically healthy. Encourage them when there are sports activities in schools or public events, and play games together such as online workouts, hide and seek, bike rides, jogging, and hopscotch in the outdoors. Kids enjoy their time with their parents, hence, make sure to always free your schedule up to have some family quality time together. 

Teach children to eat healthily

Teach them to consume fruits, vegetables, unsweetened dairy, and other healthy foods instead of giving them bad, fatty stuff. Serve them nutrient-rich meals that also give their bodies the energy they need. Eat properly with your kids and set a good example for them. You can even organize your family’s meals as a unit. 

Teach them about savings

Teach your children the value of and techniques for saving money. Give them a piggy bank and a weekly savings target so they may start thinking of this activity as one that they are accomplishing from a young age. It’s okay if it’s only RM2, RM5, or RM10 – as long as they are saving, then it means they understand how it works. Don’t stop there, however, make sure it is consistent and that they understand why it is important. 

Growth mindset

Teach children so that they understand that asserting effort with the right strategies can help them improve and boost their achievements. A growth mindset means motivating and empowering children to deal with obstacles, giving them the tools to pursue their goals, and pushing themselves to extend their abilities. Praise their effort, assert optimism, and talk openly with them when they are mistakes so that they are well prepared for the future when they are facing obstacles. 

The Importance of Riders in Your Life Protection Insurance 

A life insurance policy is important as it protects an individual’s family in the case of his or her untimely death. There are many types of life insurance that are available. Endowment policies, term life insurance, unit-linked investment plans (ULIPs), whole life insurance, and other types of life insurance are some of them. Most life insurance agencies in the market offer numerous rider plans to boost the amount of protection offered in addition to the fundamental protection offered by a life insurance policy. 

 

person holding pencil near laptop computer

 

Some might be wondering, what is a rider in an insurance plan? A rider is an extra benefit in addition to your standard insurance plan. It is an optional plan that will help you enhance your life protection policy. Riders can be useful in scenarios that aren’t covered by standard life insurance. Some riders provide lifetime advantages by allowing you to access money from your policy’s death benefit. 

 

There are many types of life insurance riders that you can choose from to add-on to your standard insurance plan. Here, we have curated a list of the most common type of life insurance riders plan:

 

  • Income Benefit 

Following the death or permanent total disability of the primary insured, this rider pays a fixed monthly income for a certain length of time. This is a useful add-on insurance that protects a family’s finances from income loss caused by the insured’s death or disability.

 

  • Accidental Death 

If you die in an accident, an accidental death rider enhances your death benefit. The supplementary benefit paid in the event of an accident is frequently equivalent to the face value of the original policy, thereby doubling the total payout to your beneficiaries. 

 

  • Waiver of Premium

If the premium amount is not paid within the grace period granted by the company, the life insurance policy will terminate. It may be extremely difficult to keep the current policy if the insured loses income due to a handicap. If the insured is unable to pay the premium due to a disability, this rider will keep the policy alive by waiving any future premiums.

  • Disability Cover

A disability rider cover is a useful benefit in case if the insured suffers a total, partial, or permanent disability as a result of an accident, stroke, or any other cause. This rider ensures that in the event of disability, the insured and their family will receive a lump payment or an income benefit.

 

  • Child Term Cover

This add-on covers your child if they die before reaching a specific age. When your child reaches adulthood, term insurance can be transferred to permanent insurance, and no medical tests are necessary. The amount of converted coverage can be up to five times the amount of original term insurance.

man carrying to girls on field of red petaled flower

 

Each rider offers a distinct benefit and caters to various requirements. You won’t be able to add some riders after you’ve started your life insurance policy. A good insurance agent can assist you in weighing the advantages of various rider options and determining which one is best for you and your family. It is highly recommended for everyone to buy all protection rider insurance plan Malaysia if you want to ensure extra protection in your life.