Categories: Business & Finance

Talking about cash back and discount of insurance policy…

In facing the challenging economic situation of 2017, job security is an question to everyone, and even the escalating cost of living have made most of us every single dollar count.

Therefore, how to made the most out of every dollar or live with the cheapest and reasonable cost, spend less and earn more are the challenges of those low and middle income earner nowadays.

 

I did a research and reviewed my insurance coverage this morning, and came cross an insurance product which provide Cash back to it customer at 15% per annual, which really attract my eyeballs and might consider to do a switching after this.

In my country, Malaysia, an Islamic Insurance Operator, Takaful Malaysia has been the FIRST and only Islamic insurance company rewards its General Takaful customers with a 15% Cash Back for no claims during the coverage period.

Strategy 1: 15% cash back with no claim

According to the operator, the Individuals or businesses of commercial or personal products under the General Takaful business are eligible to enjoy the Cash Back, provided they make no claims within their coverage period.

 

A friend of mine have enjoyed this benefit during her coverage period last year and received the cash back  payment sixty days after the expiry of the certificate via e-payment  facility.

Related Post

 

Strategy 2:, if we visit to the branch and buy our policy at the customer service counter by ourselves, not go thru the agents, we can enjoy another 15% discount on premium.

 

With cash back and discount benefit together, I think we can save up to 30% of the premium we have to spend on the insurance coverage per year. It is seems a good deal, why not to do it ourselves? Just go and purchase or renew the policy at the branch, spend a hour visit, we can save for another 15% cost.

 

And, we do not need to afraid on how to make the claim if without an agent, in fact, fill a claim at the branch is very simple, just fill up a form and provide those necessary supporting documents, the officer will sure help to proceed with the claim process.

 

I am always very calculative on my spending, hope these tips help you too in your  insurance coverage strategy!

Image via LiteracyBase Media Library




  • Tags: cash back
    Tiada

    View Comments

    • I can read through your posts that you are a wise person who think of ways on how to be able to economize and be able to save a lot when purchasing insurances and the like.

      Actually, we don't have those accident insurances. Although, when you ride a bus going to Manila, you will be made to choose if your buy an insurance for only 20 pesos (US$ .02), good only in case you met an accident on that trip.

      Even airplanes have insurance coverage inclusive of the airfare paid.

      We also have our accident insurance coverage for each employees at the office.

    Recent Posts

    Heart Attack Causes and its Solution

    What is the Main Cause of a Heart Attack? What is its Solution? A heart attack is the blockage of… Read More

    11 months ago

    Understanding the Debt Ceiling: Its Impact, Importance, and Implications

    In the vast economic arena, one term that often takes center stage, inciting extensive debates and discussions, is the "debt… Read More

    1 year ago

    De-Dollarization: The New World Order of Currency and Its Global Impact

    De-Dollarization: The Changing Face of Global Finance The financial landscape is in a state of flux, with an intriguing economic… Read More

    1 year ago

    Unstoppable Bayern Munich: The Story Behind Their 11th Consecutive Bundesliga Title

    The curtains closed on a dramatic Bundesliga season with Bayern Munich standing tall once again, clinching their 11th straight title.… Read More

    1 year ago

    Celine Dion Cancels Concert Tour Due to Deteriorating Stiff-Person Syndrome

    The Unfolding Story of Celine Dion's Health In recent news that has left fans across the globe stunned, iconic singer… Read More

    1 year ago

    Navigating the Crossroads: LeBron James, Anthony Davis, and the LA Lakers’ Uncertain Future

    As the echoes of the recent NBA season start to fade, the attention of enthusiasts is firmly glued to one… Read More

    1 year ago