Finances

From July 1 onwards , the premium rates for motor comprehensive insurance will be liberalized where premium pricing will be determined by respective insurers and takaful operators. In summary, it's based on flexible pricing mechanism. The aim of the liberalization was to gradually move the tariff towards pricing that was more equitable to take into account broader risk factors and reduce cross-subsidisation across business classes and risk groups. Current Calculation of Premium = Sum assured based on model of vehicle + Loading such as driver's age (if any) + Additional Benefits (etc. windscreen, flood...) - No Claim Discount (NCD) of up to 55% What are the factors included in determining the premium? Car Model As usual, it's more expensive for a car model of higher CC (because you have a tendency and ability to speed). Other than that, an insurer will also take into consideration of the model deemed ' popular by thieves ' which considered as higher risk of be

Dubbed as the ' money game country ' currently, Malaysia is famous again for the wrong reason. Why these kinds of money game schemes lingering around in Malaysia and attracted so many people to join? And, do we really know how to identify a so-called 'investment scheme' was actually a money game? Why Malaysia ??? This is all because of these well-blended elements: People & Timing . Consisting of two races of the world's future largest economies, China and India, we're in a very good position to 'export or import our expertise' to other countries. Together with the hope of attractive returns amid challenging economic environment faced currently, money game can easily attract its victims to join and spread rapidly. Example, JJPTR successfully export to many other countries including US and Canada. YSLM successfully import to Malaysia by Zhang Jian. Anyway, the operating procedure of all money games also having these same criteria: Promising very high

Although today is April fool, we at Finance Malaysia here talking about this seriously REAL info which is too good to be true. Once again, it's true and let's read on. First, you must understand what is Private Retirement Scheme (PRS) here and then our previous post on  PRS Youth Incentive . (Old version) Enhanced Version with 100% *Guaranteed Return??? Yes. Announced during Budget 2017, government is kind enough to enhanced further the youth incentive given to eligible PRS contributors which is already running since 2014. Then, what's the criteria now? Malaysian citizen  Aged between 20 - 30 (before 31st birthday) Invest a minimum of RM1,000 (lump sum or accumulative) into a single PRS fund within year 2017-2018 Haven't get any PRS youth incentive before... (sorry to those already get the RM500 incentive before this) Because of this RM1,000 PRS investment, government will automatically contribute another RM1,000 into your PRS account. That's why this is what we