• Lionel Lye

Is This The Right Policy For Me?

Updated: Apr 19, 2020

We get it. With so many types of insurance plans available in the market, deciding on a plan that best suits your needs can be a little overwhelming at times. But don’t worry; here is how you can go about it – with a little help from your Great Eastern Life Planning Advisor!

I am new to the whole idea of having an insurance plan. Where do I start?

You can start by contacting a Great Eastern Life Planning Advisor. Our Life Planning Advisors are professionally trained to guide you through a Customer Fact Finding (CFF) and Financial Needs Analysis (FNA) process, which will help you get a much clearer picture of the insurance plan that you need!

How does the Customer Fact Finding (CFF) and Financial Needs Analysis (FNA) work?

In the full CFF process, you will be providing your Life Planning Advisor with essential financial information that will help determine your current financial health. Do you have an existing insurance plan? And what are your financial goals in life? Your Life Planning Advisor will also assess your priorities – whether protection is required for life, medical, education or retirement needs. In addition, in whichever areas of the FNA, you will then agree on a set of applicable variables for computation purposes, such as inflation, interest and duration.

I know what I want, but how can I know which plan offers the coverage that I need?

While we offer a wide choice of plans, we also understand that each customer is unique! Our Life Planning Advisors are trained in fundamental areas such as income protection, family security, healthcare planning, education planning, retirement planning and even basic investment planning. They will be able to advise you on the precise form and extent of coverage that you require. For instance, if it’s an investment-linked insurance plan that adapts to your lifestyle that you are looking for – SmartProtect Essential Insurance 3 could be just the plan for you! It provides you with comprehensive and affordable insurance, starting with only around RM100 per month.

I would like to upgrade an existing insurance plan. How can I improve my insurance protection?

You may enhance your insurance protection by attaching riders to your existing insurance plan. There are various types of insurance riders available to better enhance your protection. Your Great Eastern Life Planning Advisor will be able to recommend you the riders that will best reflect your needs. For example, do you already possess a regular premium investment-linked insurance plan from Great Eastern? Are you looking for coverage against Critical Illness? Smart Early Payout CriticalCare may then be a top recommendation. It’s Malaysia’s first plan that pays you during the early stages of critical illness, functioning as a monetary buffer to help you support your financial commitments while you recover in peace.

At Great Eastern, we make it a priority to ensure that each and every one of our customers has the right insurance solution for his or her needs. We are dedicated to finding the right policy for you, so you can rest assured that you are in good hands!

Note: The term "Great Eastern" shall refer to Great Eastern Life Assurance (Malaysia) Berhad.

Contact us today for a no-obligation discussion.

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