One of the activities I love most in my job scope as a Licensed Financial Planner is conducting a corporate financial education program. Last week, we were invited by a corporate client to conduct a series of workshops for their employees on the financial literacy theme “Protect, Grow and Retire”.
Each of us has many goals in life that we want to pursue and hope to achieve. It’s all about money. For a better life, many people are constantly looking for better jobs and higher income, but many times they neglect to maximize their income and the employee benefits provided by the company. If everyone understands the employee benefits your company offers and incorporates them into their financial planning, it may save you a lot of money!
For example, if the company already offers you employee insurance, when you buy your personal insurance, you may want to choose a special policy that allows you to leverage your employer’s medical benefits. With this, you can easily save up to 30-40% on your insurance premium. In Malaysia, several insurance companies offer this type of medical policy but you may need to speak to your insurance agent or adviser about your special request. However, you’ll need to first cross-check with your company’s Human Resources department about your benefit entitlements, such as: whether the medical limits are based on per-disability or annual limits, and whether the plan is portable. Your adviser should be able to provide you with you the right solution based on your employee’s benefits.
With employee medical benefits alone, if you know how to maximize them, it could potentially reward you with an additional RM100,000 throughout your employment. If you have no idea how to leverage your company employee’s benefit, let’s have a chat. Happy to help you with your financial planning so that you can easily achieve your goals.
