Link table in the Insurance Plan

Aug 6th, 2022
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How to link table in the Insurance Plan

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hi im casey lau financial educator and author of the book money smart so in this video im going to talk about the insurance plan called investment link policy and why i think that this is the best protection policy type that you can buy in malaysia and how you can do it by applying the strategy of buy term and invest the difference so youll find all the details in this video in this case uh we are going to use the quotation from great eastern life but i believe all the investment policy provided by other companies like hong leong prudential it all works the same way so if you want me to review other companies plan you can send the quotation to me for me to check it out ill probably do a similar videos uh going through that quotation as well so this plan by great eastern as an investment link policy it is called a smart protect essential three so they have one two three if you are watching this a few years later probably you have four five six right so uh this is how it works youl

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Linked insurance policies are often referred to as insurance-cum-investment plans. These policies are linked to the stock market, and their returns are based on how the market performs. In such plans, a part of the premiums you pay for your policy is used to provide you with a secure insurance cover.
What is an ILP? An ILP is a life insurance policy which provides a combination of protection and investment. Premiums buy life insurance protection and investment units in professionally managed investment-linked fund(s). ILPs do not provide guaranteed cash values.
Linked insurance policies are the insurance plans that offer an insurance cover along with returns as dependent on the performance of the market. The most popular example of a linked insurance plan is Unit Linked Insurance Plan or ULIP plan.
ULIPs or Unit Linked Insurance Plans that pay dividends or bonuses can be classified as linked insurance policies. Non-Linked Insurance Plans: Non-Linked Insurance Plans are traditional plans that are not linked to the stock market. It provides low-risk returns and a well-defined maturity amount and bonuses.
Full form of ULIP is Unit linked Insurance Plan. ULIPs are a combination of insurance + investment. A small portion of the money invested goes to securing your life whereas the rest of the money is invested in the market. Policyholders can pay premiums monthly/annually.
A life insurance actuarial table is a statistical tool insurers use to calculate someones life expectancy based on a range of factors, including age and gender. Also known as mortality tables, the information within these tables helps insurers set policy premiums and manage their financial bottom lines.
Since an investment-linked plan is linked to the unit price of an investment fund (managed by the insurance company), the total value of the plan fluctuates with the movements in the unit price. When the unit price falls, the value of your investment will also reduce and vice versa.
Linked Insurance Plans are often referred to as an insurance-cum-investment product. These plans are linked to the stock market and their returns are influenced by market fluctuations. Therefore, bonuses come at the insurers discretion.

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