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zhanshen13 — Tue, 17 Jun 2014 09:46:10 +0800

Homedec is coming to Johor on 22nd June!

Here comes the A-List Invite Contest. Rev up your day and win awesome treats from us today by joining the fun!

Get rewards by:-
Step 1: Clicking ‘Like’ and be a fan of HOMEDEC (Click Here to Join)
Step 2: Register yourself
Step 3: Share the contest to your friends

Or go to http://on.fb.me/SqJ2ea directly!

HomeDec 20-22 June

zhanshen13 — Tue, 17 Jun 2014 09:34:10 +0800

Homedec is back in JB in June, anyone heading there?

Saw their contest ads at http://on.fb.me/SqJ2ea , looks interesting.

Insurance Saving Plan vs Life plan

zhanshen13 — Sat, 01 Jun 2013 17:56:20 +0800

Hi all,

Firstly, below are the 2 policies I have which would like to discuss:

(1) Great Eastern LivingCare Plus
Annual Premium - RM3005
Sum Insured - RM100,0000
Maturity Date - N/A
Rider - 36 critical illness, sum insured will be paid if touch wood I kena one of them

(2) Great Eastern - 21 years Great Multicash (saving plan)
Annual Premium - RM12,643.8 (RM 1053.65 monthly)
Sum Insured - RM100,000
Maturity Date - 21 Years
Rider - 36 critical illness waiver, I don't have to pay for the monthly premium if I kena 36 critical illness, and policy will still enforce

Question:
(a) Both of the policies have the same amount of sum insured which is RM100,000 ; however the annual premium of the saving plan is so much higher than the life plan. Why?

(b) I checked if I'm willing to pay the same amount of annual premium as my saving plan (RM12,000) to buy a similar life plan like plan (1), I would at least get RM300,000 of sum insured upon death, not to mentioned if I got critical illness, I can get the money straight instead of just a waiver in plan (2).

© Saving plan is about getting the money back during maturity in contrary with life plan, however you can terminate the life plan anytime you want to get back the cash value. I did a comparison between my saving plan and an "imaginary plan" (which I pay 12,000 a year for a life plan) , after 21 years, the amount difference between the saving plan (matured) and the imaginary plan (termination) is just RM20-40K, which is consider "tiny" 21 years later.

Now, isn't it better to commit to a life plan instead of saving plan for the sake of protection? Perhaps I missed something but as of now, I don't see why the reason one should commit to saving plan. I wanted to cancel my saving plan, however when I checked the amount that Im getting upon termination, I would incur at least 60% lost if compare to what I have paid to Great Eastern. The equivalent year is around 11-12 years.

What's your thought on this?

F&B License

zhanshen13 — Thu, 03 Jan 2008 11:30:04 +0800

Hello all, can I have some guidelines on what type of government license needed for a company which have food stores at different cafes/food courts and etc, and doing food supply for franchaise business?

thanks

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Insurance Saving Plan vs Life plan

F&B License