The Best Reason Why You Must Have Retiree Insurance

invest in retirement insurance scheme malaysia

Almost everyone wants to feel like a quiet retiree, have money to support themselves, live in a quiet area so they can rest, and some even have dreams of living in a beautiful house. For this reason, people with these dreams choose retirement insurance to ensure their dreams come true. For further information you can check in this link invest in retirement insurance scheme malaysia.

What Is Retiree Insurance

Pension fund insurance is a current asset that has been prepared to be used to meet all needs after retirement. For example, to be financially independent in old age, not to trouble the children.

Having retirement insurance means that you are ready to pocket many benefits for yourself in the future. In general, pension insurance benefits are:

  • Can be used as a long-term investment

By buying pension insurance, you have made a long-term investment. And the good news, this investment is not taxed.

  • No need to worry about finances

You can enjoy retirement in peace, you can still provide for yourself and your family while having an emergency fund without bothering your children.

  • Can be for inheritance

You no longer worry about leaving nothing to your family in case you die. You can give this as an inheritance, so the family can use the current assets of the pension insurance for their needs.

For Companies

The benefits of pension fund insurance for companies are as follows:

  • Give rewards to employees who have worked in the company for a long time.
  • Employees who receive pension insurance benefits can still enjoy the results obtained after working at the company.
  • Provide a sense of security to employees so as to minimize employee turnover.
  • Increase employee motivation in completing their daily tasks
  • Improve the company’s image in the eyes of the public and the government

For Employees

Retirement insurance benefits for employees who receive the benefits are:

  • Certainty of having income even after retirement.
  • Feeling safe, comfortable, and proud of the company so that they are motivated to work better.

Benefits of Pension Fund Insurance

There are various benefits that you can feel through pension fund insurance. One of them, as an individual you have a prosperous retirement. Apart from that, there are other advantages such as:

  1. Contributions are Affordable

The cost of pension insurance contributions is generally affordable, even starting from Rp. 50 thousand. This amount is certainly still quite light for employees with a standard UMR salary. At the very least he should only be able to set aside 10% of his income.

  1. Easy and Safe Process

The process of making insurance is easy and safe, what is difficult is the discipline of saving. However, one of the difficulties of saving for retirement is discipline. Sometimes saving, sometimes not. Depends on the remaining income at the end of the month. This is not a good habit. The solution, you can use the auto-invest facility. The income will be deducted and entered into the pensioner’s insurance account.

  1. Withdraw Funds Up To 50%

Withdrawal of pension funds can be done 2 times a year with a maximum amount of 50% of the total contributions that have been paid.

  1. Can Determine Investment Fund Options

Retirement insurance participants are free to choose investment funds. In addition, they are also free to make changes to their investment choices. The rule is a maximum of 2 (two) times a year to make changes. In addition, participants also have the freedom to have more than 1 (one) pension fund account.

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