Savings and investment plan Malaysia
Savings and investment plan Malaysia let you to achieve a better quality of life. Whether that’s to help you build up a nest egg, put money aside for your children’s education or save for a rainy day - careful investment means that you don’t have to worry about the future. Here are four important things you need to do to make your savings and investment plan work for you: Know your needs Assess your financial needs carefully before you rush into buying a new plan. Firstly, if you already own an insurance policy, ensure you don’t purchase a similar product with overlapping benefits and coverage. To know for sure, it’s best to ask for professional advice. To get an idea of how to achieve your savings goals use the online savings goal calculator. Secondly, if you are planning for your child’s tertiary education, for example, and you don’t want to change the investment aspects too much, then consider an endowment plan. And finally, if you are more concerned about medical coverage, ther