izzy's playlists!
Fai_Ryy
Misplaced Lens Cap
oozey mess
PUT YOUR BEARD IN MY MOUTH
bliss lane
NASA
🩵 avery cochrane 🩵
occasionally subtle
Lint Roller? I Barely Know Her
Love Begins
official daine visual archive
𓃗
PR's Tumblrdome
No title available
@theartofmadeline
No title available
sheepfilms
No title available
Claire Keane
seen from United States
seen from Singapore
seen from United States
seen from United Arab Emirates
seen from Türkiye
seen from Türkiye
seen from Bangladesh
seen from United States
seen from United States
seen from United States
seen from Bangladesh
seen from Croatia
seen from United States
seen from India
seen from United Kingdom
seen from United States
seen from United States
seen from United States
seen from United States
seen from United States
@maliktaufiq
Cash Reimbursement for Covid-19 testing
If you have a medical policy or a takaful certificate in force before the 27th of March, we are glad to inform you that it is now possible to get a fixed cash reimbursement up to RM300 for Covid-19 tests from the Covid Test Fund. The cost of Covid-19 test is reimbursable by anyone who meets the eligibility criteria set out by LIAM, MTA and PIAM as spelled out in the FAQs as attached, regardless…
View On WordPress
ANNUITY POLICY CONTRACTS
TOPIC 9: ANNUITY POLICIES IN FINANCIAL PLANNING. Humans are living longer and longer, annuity plans can help with providing income upon reaching the age of RETIREMENT.
WHAT IS AN ANNUITY?
a fixed sum of money paid to someone each year, typically for the rest of their life or a form of insurance or investment entitling the investor to a series of annual sums.
According to WIKI – An annuity is a…
View On WordPress
TAKAFUL ISLAMIC INSURANCE
TOPIC 6: ISLAMIC INSURANCE FOR MUSLIMS AND NON MUSLIMS IN FINANCIAL PLANNING. Bismillahirahmanirrahim, By the Grace of The Al-Mighty, May Peace Be Upon Us All.
One Islamic scholar’s view:
“Our observation that the modern form of insurance companies and their current practices are objectionable Islamically does not mean that Islam is against insurance; not in the least”
Dr. Yusuf Qaradawi
Takaful…
View On WordPress
ANALYSING YOUR INSURANCE POLICIES
ANALYSING YOUR INSURANCE POLICIES
TOPIC 6: ANALYSING LIFE INSURANCE POLICIES
Illustrations from insurers are usually the source for comparisons.
Note however that illustrations from different insurers are based on different assumptions, making direct comparison meaningless unless we are comparing “like for like”
General points to note:
Guaranteed benefits such as death & guaranteed cash values presented are usually computed on a…
View On WordPress
UNDERSTANDING LIFE INSURANCE CONTRACTS
UNDERSTANDING LIFE INSURANCE CONTRACTS
TOPIC 6: UNDERSTANDING LIFE INSURANCE POLICY CONTRACTS IN FINANCIAL PLANNING. It’s important to know how to read policies by Insurance Companies, there’s a lot of fine print and jargon. It is advisable to have a good agent to explain every single detail in the policy. I would make notes on the side of the policy just in case.
The Life insurance policy is a contract between the policy owner and…
View On WordPress
FACTORS AFFECTING INSURANCE NEEDS
FACTORS AFFECTING INSURANCE NEEDS
TOPIC 5 – FACTORS AFFECTING INSURANCE NEEDS IN FINANCIAL PLANNING: When does an individual need Life Insurance, General Insurance, Disability Insurance or when do Businesses need Employee Benefits, Key Person Insurance, Debt Cancellation or Business Continuation Funding. Let’s have a look.
Conceptually
As we get older our needs change, our responsibility changes and we evolve, the only thing…
View On WordPress
ROLE OF INSURANCE IN FINANCIAL PLANNING
ROLE OF INSURANCE IN FINANCIAL PLANNING
TOPIC 4: THE ROLE OF INSURANCE IN FINANCIAL PLANNING: In Financial Planning, if something goes wrong, Insurance is there to ensure protect the insured from financial losses (rather than emotional ones as financial losses will fuck everything up). Insurance is used as a savings mechanism and also to transfer risk.
One of the advantages of insurance is that it pays out faster than the process of…
View On WordPress
LEGAL PRINCIPLES IN INSURANCE
LEGAL PRINCIPLES IN INSURANCE
TOPIC 3 – LEGAL PRINCIPLES IN INSURANCE FOR FINANCIAL PLANNING
The Malaysian Legal System is based on Common Law & Equity based on the English Legal System; its Statutes and Acts – Parliament passed Federal Laws, State Assemblies passed laws; as well as Case Law through judicial precedents.
The Federal Constitution is the supreme law of the land which
– provides the legal framework for the laws,…
View On WordPress
INSURANCE FUNDAMENTALS
TOPIC 2 INSURANCE FUNDAMENTALS IN FINANCIAL PLANNING
Insurance plays a very important role in the economy and development of the country. It helps
1) Promotes Financial Stability
– By indemnifying those who suffer losses and harm, insurance helps stabilise the financial situations of individuals, families and organisations.
– Individuals and families could become destitute and forced to seek…
View On WordPress
BUSINESS OWNERS (ESTATE PLANNING)
BUSINESS OWNERS (ESTATE PLANNING)
SPECIAL ESTATE PLANNING ISSUES FOR BUSINESS OWNERS
TYPES AND CHARACTERISTICS OF A BUSINESS
In Malaysia, the usual business structures are: Sole Proprietorship, General Partnerships, Limited Liability Partnership, Companies (Sdn Bhd, Bhd). For the purpose of understanding I shall only be looking at Sole Prop and Companies.
A) SOLE PROPRIETORSHIP
This business is owned by one person. It is the…
View On WordPress
THE KEYMAN INSURANCE (BUSINESS CONTINUATION PLANNING)
THE KEYMAN INSURANCE (BUSINESS CONTINUATION PLANNING)
INSURING THE KEYMAN (THE MAN OR WOMAN WHO BRINGS IN THE LARGEST CONTRIBUTION OF IDEAS, SALES, MOTIVATION
– To compensate the company for the loss of a key person due to death, resignation or retirement that affects the business
– Company owns the policy and pays for the premium, only a TERM INSURANCE can be used.
– Company is to receive the insurance proceeds upon the death or disability or…
View On WordPress
THE BENEFICIARY (ESTATE PLANNING)
THE BENEFICIARY (ESTATE PLANNING)
THE BENEFICIARY, HEIR, HEIRESS, INHERITOR, LEGATEE
In the financial world, a beneficiary typically refers to someone who is eligible to receive distributions from a trust, will or life insurance policy. Beneficiaries are either named specifically in these documents or have met the stipulations that make them eligible for whatever distribution is specified.
– A beneficiary has a right to have the…
View On WordPress
THE PERSONAL REPRESENTATIVE (ESTATE PLANNING)
THE PERSONAL REPRESENTATIVE (ESTATE PLANNING)
THE PERSONAL REPRESENTATIVE in ESTATE PLANNING
PERSONAL REPRESENTATIVE or PR is the person who administers the estate of the deceased and owes a fiduciary (relating to the responsibility to take care of someone else’s money in a suitable way, involves trust) unlike the Power of Attorney who is a legal representative.
– PR for TESTATE estate is the EXECUTOR
– PR for INTESTATE estate is the…
View On WordPress
POWERS OF ATTORNEY (ESTATE PLANNING)
POWERS OF ATTORNEY (ESTATE PLANNING)
POWERS OF ATTORNEY
THE DEFINITION OF POWER OF ATTORNEY
– A power of attorney or letter of attorney is a written authorization to represent or act on another’s behalf in private affairs, business, or some other legal matter. The person authorizing the other to act is the principal, grantor, or donor.
– Governed by the Power of Attorney Act 1949and only applicable to West Malaysia only (Labuan is…
View On WordPress
Guidelines for Tax Deduction up to RM700,000 when sponsoring the Malaysian arts, cultural and heritage activities
Guidelines for Tax Deduction up to RM700,000 when sponsoring the Malaysian arts, cultural and heritage activities
This post is intended for
Private organisations finance department
Corporate organisations finance department
Malaysian Arts Institutions
Malaysian Arts Producers
Arts Practitioners
Arts Events Organisers
Arts Groups
Arts Enthusiasts
Anyone who loves the arts like me.
The Malaysian Government is allowing tax deductions for sponsoring the arts, cultural and heritage activities and programmes under
View On WordPress
TRAVEL INSURANCE
General Insurance Property and Casualty Classes
14. TRAVEL INSURANCE
Travel insurance coverage is usually limited to the period of your travel. Long-term annual policies are also available for frequent travellers.
Personal accident
Medical-related expenses
Loss of travel or accommodation expenses due to cancellation or curtailment of the journey
Losing your baggage, belongings and money
Losing…
View On WordPress
PERSONAL ACCIDENT
12. PERSONAL ACCIDENT
Personal Accident insurance or PA insurance is an annual policy which provides compensation in the event of injuries, disability or death caused solely by violent, accidental, external and visible events.
Coverage that can be included in a PA policy are
Accidental Death
Permanent Disablement
Temporary Total and Partial Disablement
Medical Expenses
Hospitalisation Benefits
F…
View On WordPress