Part 1 : Say Yes To Insurance and Why Is It Important?

What is the first thought that crosses your mind when you hear the word “insurance”?

We know that insurance is an important financial protection tool that safeguards against financial losses due to bodily injury or property damage. However, there is still misperception surrounding it that stops many of us from buying insurance.

Some working adults in their early 20’s tend to think they are invincible and too young to enter into such long term financial commitment. They would rather spend their first salaries on lifestyle upgrade such as dining, shopping, travelling or entertainment.

Some may think insurance is expensive and beyond their current means. It is something to keep in view for “later in life”.

Others think that insurance is complicated and is designed to confuse consumers. Some may have even heard horror stories about policyholders being unable to make a claim because the incident is not covered.

Last but not least, there are also those who dread the idea of dealing with agents and prefer to take up an insurance plan as when they feel up to it, 24x7, hassle-free and without human intervention.

If you feel that you are not ready for long term financial commitment, or spend thousands of ringgit in insurance premium, then general insurance is the thing for you.

First of all, general insurance is annual renewable. This means the coverage is for a year, and premium is paid annually. Certain general insurance product, such as travel insurance, covers a specified period which coincides with your travel plans, and this can be as short as just a few days.

Although you are strongly advised to renew your insurance plan every year to ensure there is no protection gap, you have the option to purchase a general insurance that suit your lifestyle as and when you want it, for example, a cyber protection plan is appropriate when you are an avid online user and may be subject to online crime. No long-term commitment required up front. In the case of travel insurance, there is no pressure to renew. Just purchase another policy when you have a trip coming.

General insurance is designed to cater for different and specified needs. For instance, personal accident plan covers disability or death due to accident, while travel insurance covers medical expenses, death or disability benefits, loss of baggage and personal belongs etc. during your overseas trip. All you need to do is to match your needs against the plans we have. Be sure to read through the product disclosure sheet (PDS) and policy wording to ensure your insurance needs are met before enrolment.

Due to the nature of the product, general insurance is very affordable. Premium starts from as low as tens of ringgit per year, probably less than a round of iced lattes for you and your buddies.

You are in charge of your life. Thanks to technology advancements, you can now select the insurance plan that best suits your needs online, whether in the comfort of your home or your favourite cafe, at any time of the day. In just a few clicks and taps, the policy will be sent to you via email upon successful enrolment. If the unfortunate happens, you can also submit your claims notification online.

If you are looking for a comprehensive insurance that can protect you from cybercrime, sign up for Z-Alliance Cyber Protect to keep you safe online.

Before going on the trip with your besties, let Z-Alliance Travel Insurance takes care of you.

On the other hand, Z-Alliance Secure provides ATM Withdrawal Indemnity, Debit and Credit Card Indemnity, and Savings Account Indemnity for the accounts you have with Alliance Bank.