Allianz Travel Care

There are so many preparations when planning a holiday abroad, but many of us miss an essential part of the planning – travel insurance.

Many travellers assume that they will be covered by their standard medical plan when traveling. The truth is, while traditional plans may offer adequate domestic coverage, they may not be designed for international travel.
 
Allianz Travel Care  is your perfect travel mate that provides you and your family coverage internationally; 24 hours a day, 7 days a week, 52 weeks a year! 
 
So the next time you plan a holiday, you worry about your preparations, while Allianz General Insurance Malaysia Berhad takes care of your travel insurance needs!
 
Features of Benefits

• Accidental Death & Permanent Disablement
Allianz Travel Care insurance includes benefits for Accidental Death and Permanent Disablement occurring during the Period of Coverage.
• Medical Expenses & Other Expenses
We will reimburse the actual necessary and reasonable medical, surgical or hospital charges and emergency dental treatment charges incurred as a result of bodily injuries, illness or death during the journey including repatriation costs, outside your home country for Overseas/Annual Cover. Domestic cover shall be limited to reasonable medical, surgical or hospital and emergency dental treatment incurred as a result of accidental bodily injuries within Malaysia.
• Emergency Medical Evacuation & Repatriation
Allianz Travel Care insurance includes coverage for Emergency Medical Evacuation to the nearest qualified medical facility, expenses for reasonable travel and accommodation resulting from the evacuation and the cost of returning to either the home country or the country where the evacuation occurred up to the Policy Limit.
• Follow up Treatment
• Hospital Income
Payable if you are admitted to a registered hospital abroad due to accidental bodily injury or illness sustained during the journey for Overseas/Annual Cover. Domestic cover will pay you if you are admitted to a registered hospital in Malaysia due to accidental bodily injury sustained during the journey.
• Funeral Expenses
• Compassionate Care
• Child Care Benefit
• Despatch of Medicine
Despatch of the necessary medication not available locally in case of emergency and when local laws, rules and regulations allows such despatch.
• Deposit or Trip Cancellation
We will reimburse for loss of irrecoverable expenses paid in your home country if your planned trip is cancelled due to hospitalisation for serious illness or bodily injury, death or other fortuitous caused beyond your control to you and/ or your immediate family.
• Curtailment
If you need to curtail the trip due to hospitalisation for bodily injury or illness or death of your immediate family member or traveling companion, you will be compensated for any irrecoverable prepaid charges.
• Personal Luggage or Personal Effects
We cover the cost of repair to your damaged luggage and/or personal effects or loss thereof during the journey.
• Loss Of Travel Documents
In the event of theft or accidental destruction of your passport and/ or travel documents, we will reimburse necessary replacement costs, additional accommodation and traveling expenses incurred during your journey.
• Notebook Computer
• Luggage Delay
If your luggage is delayed for at least 6 hours from the time of arrival at scheduled destination outside your home country during the journey, we will reimburse you for purchase of essential items such as toiletries and clothing.
• Travel Delay
In the event the scheduled sea- going vessel, aircraft or train in which you are booked to travel is delayed for at least 6 hours, we will compensate whichever is stated in the Schedule of Benefits.
• Misses Departure
If as a result of failure of public transport services to get you to the departure port, airport or train station (as stated your ticket), we will reimburse the necessary and reasonable accommodation and travel costs incurred in reaching your original destination or returning home.
• Missed Travel Connection
Compensation if your confirmed onward connecting scheduled aircraft, train or sea vessel is missed at any single transfer point due to the late arrival of the incoming scheduled aircraft, train or sea vessel and no alternative onward transportation is made available to you for at least 8 hours from the actual arrival time.
• Travel Overbooked
Compensation if your confirmed onward connecting scheduled aircraft, train or sea vessel is overbooked by the scheduled carrier company as a result a delay in departure of the onward scheduled aircraft, train or sea vessel and no alternative onward transportation is made available to you for at least 8 hours from the actual departure time.
• Additional Costs of Rental Car Return
For the additional costs of car rental for which you are liable under the car rental agreement if you are unable to return a hire car or campervan from a licensed rental agency to the nearest hire depot due to your injury or serious illness which requires hospitalisation.
• Personal Liability
We will pay for your legal liability to third parties for injury and/ or loss of or damage to property.
• Hijacking
Compensation for delay or interruption to the journey in excess of 12 hours resulting in your being prevented from reaching the scheduled destination, of any public conveyance on which you are a passenger as a result of an act of hijack.
• Personal Money
We will pay for you accidental loss of cash and travelers’ cheques during the journey.
• Home Care Benefit
In respect of damages to your home contents as a result of fire when your house is left vacant while you are traveling.
• Terrorism
Allianz Travel Care insurance provides coverage for bodily injury, death and permanent disablement incurred as a result of an act of Terrorism and the insured person has no direct or indirect participation in the act. However, claims incurred as a result of nuclear, chemical or biological weapons or events are not covered. Terrorism is defined as the systematic or planned use of violence, fear or threat of violence in order to intimidate a population or government, especially as a means of coercion or to obtain a granting of any demand.

24 Hours Worldwide Travel Emergency Assistance Helpline
Schedule of Benefits

Benefits			Overseas (Outbound)		Domestic (Inbound)
			Individual	Family   RM	Individual   RM	Family   RM
			Insured Person and Spouse
			Individual Annual RM
Section 1	1	Accidental Death (Principal Sum)** Per Adult Per Child	200,000 Not covered	200,000 25,000	150,000 Not covered	150,000 15,000
	2	Permanent Disablement** Per Adult Per Child	200,000 Not covered	200,000 200,000	150,000 Not covered	150,000 150,000
Section 2	1	Medical Expenses (including dental repair due to accident) (up to)	300,000	900,000	15,000***	45,000***
	2	Other Medical Expenses (including Emergency Medical Evacuation & Repatriation) (up to)	1,000,000	1,000,000	1,000,000***	1,000,000***
	3	Follow up Treatment (up to)	30,000	100,000	5,000***	15,000***
	4	Hospital Income (up to)	300 per day up to 9,000	900 per day up to 20,000	80 per day up to 2,400***	240 per day up to 7,000***
	5	Funeral Expenses (up to)	8,000	16,000	4,000	8,000
	6	Compassionate Care (up to)*	5,000	15,000	1,000***	3,000***
	7	Child Care Benefit (up to)*	5,000	15,000	Not Covered	Not Covered
	8	Despatch of Medication (up to)	3,000	3,000	1,000	1,000
Section 3	1	Deposit or Trip Cancellation (up to)*	20,000	50,000	Not covered
Section 4	1	Curtailment (up to)*	20,000	50,000
Section 5	1	Luggage or Personal Effect (up to)	5,000	15,000
	2	Notebook Computer (up to)	1,000	1,000
Section 6	1	Travel Documents (up to)*	5,000	15,000
Section 7	1	Luggage Delay (up to)	800 (Min 6 hours)	2,000 (Min 6 hours)
Section 8	1	Travel Delay	300 per 6 hours up to 2,000	300 per 6 hours up to 6,000	100 per 6 hours up to 1,000	200 per 6 hours up to 2,000
Section 9	1	Missed Departure (up to)*	1,000	3,000	Not covered
Section 10	1	Missed Travel Connection	250 (Min 8 hours)	1,000 (Min 8 hours)
Section 11	1	Travel Overbooked	250 (Min 8 hours)	1,000 (Min 8 hours)
Section 12	1	Additional Costs of Rental Car Return (up to)	1,000	1,000
Section 13	1	Personal Liability (up to)	1,000,000	1,000,000
Section 14	1	Hijacking	300 per day up to 20 days (Min 12 hours)	600 per day up to 20 days (Min 12 hours)
Section 15	1	Personal Money (up to)	800	2,000
Section 16	1	Home Care Benefit	1,000	1,000
Terrorism			Covered

*    Excess RM50 per person for Individual Plan/Insured Person and Spouse Plan/Individual Annual Plan 
*    Excess RM100 per family for Family Plan
**   Same pay out to 1 legal spouse for Family Plan
*** Accident Only

Premium Rates

Overseas (Outbound)	Individual RM	Insured Person and Spouse RM	Family RM
ASIA
1 – 5 days	30	55	70
6 – 10 days	45	85	110
11 – 15 days	65	125	160
16 – 22 days	80	155	230
23 – 31 days	120	235	300
Each additional week or part	20	40	50
Annual	300	Not available
WORLDWIDE
1 – 5 days	40	75	100
6 – 10 days	60	115	145
11 – 15 days	90	180	225
16 – 22 days	115	225	290
23 – 31 days	170	335	420
Each additional week or part	35	55	80
Annual	320	Not available

DOMESTIC (INBOUND)	Individual	Family
1 – 5 days	15	35
6 – 10 days	25	55
11 – 15 days	35	85
16 – 22 days	45	115
23 – 31 days	65	155
Each additional week or part	10	25

Please add RM10.00 for stamp duty.


Geographical Areas

Asia is defined as Singapore, Thailand, Indonesia, Philippines, Brunei, Taiwan, Korea, China including Hong Kong and Macau, Laos, Vietnam, Myanmar, Cambodia, India, Sri Lanka, Bangladesh, Nepal, Australia, New Zealand and Japan.

Worldwide includes United States of America and Canada.

Domestic is defined as Malaysia.

General Notes

1. The proposer aged from 18 years to 70 years.  The proposer’s legal spouse*, unless legally separated from the proposer, who is not more than 70 years of age. The proposer’s unmarried children who are between 30 days to 21 years and who are primarily dependent upon the proposer for support and maintenance. The family plan shall include the proposer and the legal spouse and all the accompanying children.
2. Flight Delay cover shall not be granted if you travel in a chartered flight.
3. Each trip must begin and end in Malaysia except One Way Cover.

* If more than one spouse, only one will be covered.
 
General Exclusions Applicable For All Sections

• Delay, confiscation, detention, requisition, damage, destruction or any prohibitive regulations by Customs or other government Officials or Authorities of any country
• Hazardous Adventure
• HIV (Human Immunodeficiency Virus) and/or any HIV-related illness including AIDS (Acquired Immune Deficiency Syndrome) however caused and/or any mutant derivations, variations or treatment thereof however caused
• Ionising radiation or contamination by radioactivity from any nuclear waste from combustion of nuclear fuel.
• Pre-existing medical conditions
• Pregnancy, childbirth, abortion or miscarriage
• Riot or civil commotion, lockout or threat of such event
• The radioactive toxic explosive or other hazardous properties of any explosive nuclear assembly or nuclear component thereof
• War, invasion, act of foreign enemy, hostilities (whether war be declared or not), civil war, rebellion, revolution, insurrection or military or usurped power, martial law or state of siege or any of the events or causes  which determine the proclamation or maintenance of martial law or state of siege

Excluded Occupations

1. Flight crew (except as a passenger)

Extension Of Period Of Insurance
 
The Period of Insurance will be automatically extended without any additional premium for the additional days that are reasonably necessary for up to:
(a) 14 days if any vehicle, sea going vessel or aircraft in which the Insured Person is traveling as a ticket holding passenger is delayed;
(b) 30 days if the intended return journey is prevented due to bodily injury or illness to the Insured Person arising from a cause covered under this Policy.

Cash Before Cover
(a) It is a fundamental and absolute special condition of the contract of insurance that the premium due must be paid and received by the Company before cover commences. If this condition is not complied with, then the insurance is automatically null and void.
(b) The authorised agent shall remit the premium within seven (7) working days upon receipt of such premium from Insured Person. The Company reserves the right to refuse any coverage and/or reject Insured Person’s and /or Family Member’s claim resulting from non-payment of premium to the Company.

How to Battle Shopping Addiction

January often inspires new resolutions to spend less money. For some people, that means first overcoming a shopping addiction.


About 5 percent of us suffer from compulsive shopping, and even more struggle with lesser forms of overspending, says Terrence Shulman, founder of the Shulman Center for Compulsive Theft and Spending. As spending money has become easier through the Internet and credit cards, Shulman says more people seem to experience problems with self-control.

Signs of shopping addiction include the inability to stop oneself from making purchases, conflicts with loved ones over expenditures, and lying about shopping. While many people love shopping, people who do it compulsively do it despite negative consequences, such as going deep into debt, says Jon Grant, associate professor of psychiatry at the University of Minnesota, which houses a clinic for impulsive disorders. "They might get a lot of enjoyment from buying the item, but by the time they get home they're uninterested ... It's not about the acquisition of the item itself, it's about the experience of acquiring it. They get a rush from it," he says.


If you or someone you know has a shopping addiction, experts suggest the following:


Be nonjudgmental. "People don't like to disclose they feel out of control, and they feel embarrassed by the amount of debt they have," says Grant.


Give a helping hand. Grant says if a family member is willing to take over the checkbook or finances of a person struggling with compulsive shopping, it can help them regain control. If that's too much of a burden, a professional money manager can fill that role, he says.


Discuss gifts in advance. Instead of splurging on pricey presents, families and friends can talk ahead of time about exchanging skills or favors such as house cleanings. "There's a hangover after the new year when people are in a bad state after having gorged themselves," says Shulman. "What if we could take a breath early on and say, 'Let's make these holidays different.'"


Consider therapy. Grant says cognitive behavioral therapy that encourages people to understand their actions and the longer-term consequences can help. It can also teach people skills such as using cash instead of credit cards or not going to stores when they feel depressed or stressed.


Look at possible medications. While studies on the effect of medications on compulsive shopping haven't reached any hard-and-fast conclusions, antidepressants or antianxiety medications are sometimes helpful, Shulman adds.


Check out 12-step programs. Most towns and cities have Shoppers Anonymous, Debtors Anonymous, or Overspenders Anonymous programs that operate much like Alcoholics Anonymous. "For some people, it becomes a spiritual path," says Shulman.


Find new activities. Compulsive shoppers often need to replace old habits and even friendships with new, healthier ones. Non-shopping related activities can include sports, book clubs, or cooking.

Review your existing life insurance policy..

• Do you know when your life insurance expires?
• Do you know what type of life insurance you have?
• Do you know if your life insurance will pay enough to care for your loved ones if you cannot?

If you cannot answer the questions above, concerning your existing life insurance, you can give us a call for your policy review. We do a free service in reviewing your current policies and giving financial advice.

Please call +6 (012) 634 9414 for fix an appointment.

These are few advice in Reviewing an Insurance Policy

Review the organization’s insurance policies when you receive them. Before buying any new coverage, request and review sample policies. However, many people find it difficult to fully understand the scope of coverages without considering a specific loss. One approach is to identify the risks or types of losses an organization expects to experience — an office fire, windstorm, injury (suffered by an employee, volunteer or client), auto accident, theft, or other risks. Then, determine if the policies will cover these expected losses. Ask your insurance advisor to assist with the review process. Here are the steps:

1. Check for accuracy. Insurance companies are notorious for issuing incorrect policies. The policy may contain spelling errors, the wrong named insured, incorrect additional insureds, the wrong forms, or not include a purchased coverage. Refer any errors to the appropriate insurance agent or broker immediately. Remember that this is a contract. If an organization does not address an error, it can become a problem if a loss related to the error occurs. 
2. Review the rating classifications and other schedules. Check to see what rating classifications the insurer assigned to your organization. The insurer calculates the premium charge based on certain rating classifications. There can be substantial differences in the rates among the classifications. One insurance company assigned a circus rating classification to a workers' compensation policy for a nonprofit sports organization. The circus rates were much higher than the appropriate classification of outside sales and did not reflect the insured’s exposures. Ask your insurance advisor to explain any classifications that do not seem to describe the organization’s operations.
3. Read the policy and answer these questions.
   • Does the insuring agreement cover each expected claim?
   • Is there any exclusion or other provision that eliminates or restricts coverage?
   • What policy conditions must the organization comply with?
   • Are the people or operations affected by the conditions aware of them? For example, if the policy requires that a burglar alarm always be operational, have you informed the office manager, maintenance staff, or other appropriate personnel?
   • If the loss is covered, is there a deductible? How much is it?
   • How much will the policy pay for each loss?
   
   An insurance contract is a complex contract with conflicting and confusing provisions. You must read the entire contract to fully understand the coverages, the insurance company’s responsibilities, and your obligations. Some insurance advisors recommend that buyers review the endorsements first to identify those sections of the main policy form altered by the endorsements. This makes the process of reading the main form easier by alerting the reader in advance to sections deleted or altered via endorsement.

During litigation based on disputes over whether coverage applies, the courts have scrutinized a wide range of policies. Unfortunately, various courts have rendered conflicting interpretations.  Most losses do not involve complex policy interpretations — the insurance company and insured quickly agree that the policy covers the loss. However, you must know your duties and responsibilities to qualify for coverage. Take the time to understand your policies. Your insurance advisor can help you with this task.

Woman has bank account dating to 1913

An Ohio woman who just turned 100 years old has taken customer loyalty to the extreme: She's still using a bank savings account that's been around almost as long as she has, since the year before World War I.


June Gregg recently mentioned to a friend that her account is the same one her father opened for her in January 1913, when she wasn't even a year-and-a-half old. The friend told the people at Gregg's small-town bank in southern Ohio.

"That perked my ears up, because I was like, '1913?!'" said Doug Shoemaker, general manager of what's now a Huntington National Bank branch in this community, 45 miles south of Columbus. The bank's investigation found out that not only was it the same account, but also that the account number changed only once, when Columbus-based Huntington acquired the plainly-named Savings Bank in the early 1980s, Shoemaker said.

Gregg still has the little blue passbook from when the account was opened with an initial deposit of $6.11. Her father, Gilbert, a farmer who grew corn, wheat and hay, was a Savings Bank customer and wanted his only daughter to learn thrift.

"That's what he always taught us: to stay out of debt and save our money and not buy anything until we had the money to pay for it," Gregg said in an interview.
With the help of the account, Gregg is comfortable in retirement even after so many years, Shoemaker said.

"I get along good because I don't have many wants," said Gregg, who never married and has no children.

The compact, white-haired woman who tends to speak with a chuckle in her voice retired in 1976 after working for the post office for more than a quarter century. Earlier, she operated a general store, using the savings account for the business. Gregg opened the store in 1932, three years after she graduated from high school and received as gifts a $2.50 gold piece and a $5 gold piece, which went into the account.

"I wish I hadn't put those in," she said, aware of gold's value. "It was during the Depression, and my dad told me to put them in the bank."

Gregg said she never considered taking her savings elsewhere because she liked the bank, across the street from the Ross County Courthouse. Greg McBride, senior financial analyst for Bankrate.com, said it used to be far more common for customers and families to develop long-term attachments to banks, but that was before all of today's shopping around and bank name changes.

"It seems less prevalent today because we're seeing such consolidation and so many changes in banking, and incentives for consumers to move," he said.

Though she has a checking account to pay bills, Gregg said she uses the savings account for "personal dealings" and still goes to the bank regularly, though she lives in Bainbridge, 17 miles away.

"I had to give up driving two years ago, so now I just have to go when I get a chance. I try to go once a month if I can," she said. Gregg now relies on friends to get around and walks with a cane.

The bank toasted Gregg on her 100th birthday Thursday with a party complete with balloons and a cake with large candles of the numerals "1-0-0." Bank employees sang "Happy Birthday."

"Certainly I think June takes the cake" for loyalty, Shoemaker said, while noting that there are other customers who've stayed with the bank for 30 or 40 years, sometimes more.

As a gift, the bank will bump up Gregg's interest rate for the next 100 days to around 5 percent, about 5 times the average going rate, Shoemaker said.

Retirement Planning: 5 painless ways to get you on course and ready to roll.

Retirement is your journey, your future and – hopefully – a nice chunk of your life. So let us help you get to where you want to go and join the dialogue on retirement planning.

Tip #1 – Figure out how much you should be saving. 

Not an easy question for sure, but one you need to think about – especially since everyone’s idea of retirement is a little different. Do you want to live on a faraway island? RV around the country? All of the above? Or maybe take on a more modest retirement. Only with a goal in mind can you know how much to save for your days of leisure.

Then, check out Retire MyWay. In 5 minutes or so, you’ll have a pretty good idea of how much you should be saving each month, based in part on what you’re saving already and how conservative or aggressive you might be with your investments.

But you’re the one who knows where you want to be come retirement day. Tell us all about your goals. And how you plan to seize the day.

Tip # 2 – Get the most out of your employer’s retirement plan.

Are you contributing to your retirement plan at work? If you can, you should be. By participating in your employer’s retirement plan, you’re putting pre-tax dollars away before they ever hit your bank account. It’s one of the easiest ways to save for retirement. And as a bonus, most employers match at least some of your contributions. That’s free money! Not sure if you have this option at work? Ask human resources or your boss. If you do, make sure at the very least that you are taking full advantage of the match.

So, tell us. Do you have a retirement plan at work and if so, how much are you contributing and how much is the job matching? If you don’t have a retirement plan at work, you’re not sunk yet.

Tip # 3 – Find the IRA that’s right for you.

That’s I-R-A, as in “I wanna Retire Already.” Or “Individual Retirement Account” as it’s more commonly known. Either way, IRAs should be at the center of your retirement plan. They’re a great gift from Uncle Sam – an account where your savings can grow tax-deferred or tax-free.

There are two main types of IRAs: Traditional and Roth. The two differ primarily by when contributions are taxed. Traditional IRA contributions may be tax deductible, grow tax free and are not taxed until you withdraw the money in retirement. Roth IRA contributions are taxed before they go into an IRA, but then can be withdrawn tax-free when you retire. What’s the catch? Roth IRAs have income limits – so not everyone will qualify.

Still want more details? Compare the two and find out which one works better for you. Already know a thing or two about IRAs? Tell us which type is working best for you and whether or not it’s putting you on the inside track to reaching your retirement goals.

Tip #4 – 3 words: allocation, allocation, allocation.

OK, so you know how much to save, and you know what accounts to put it in. The next thing to think about? Asset allocation.

Sound complicated? Don’t worry. We just want to make sure you put your retirement assets into the right types of investments and savings vehicles, given your personal situation. If retirement is a long way off and you can stomach the ups and downs of the market, then you might be better suited with a larger percentage in equities. If you’re getting closer to retirement and want to avoid market swings, then bond funds or CDs might make more sense. Totally lost? Check out our Retire MyWay, an easy planning tool that will help you with asset allocation.

In the end, it’s a personal choice, but an important one. In fact, it can be just as important as putting money away in the first place. So don’t procrastinate, allocate! And as always, we want to hear from you about all things investments, asset allocations and the like. Are they playing a big role in getting you ready for the big “R” day?

Tip #5 – Remember to check in.

National Save for Retirement Week is coming to an end (awwwww). Fret not. Hopefully, you now feel a little more aware and in control of your retirement planning. Before we let you go, we have one last topic to cover. We call it “checking in.”

What, you thought you were done? Well, for now you are. But as a rule of thumb, it’s good to revisit your retirement situation about once a year – often enough to get back on course if your circumstances change, but not so frequently that you’re reacting to the economic crisis du jour.

Sound like a pain? One way to make “checking in” easier is to consolidate your financial life. Get your money out of those 401(k)’s from 3 jobs ago and roll them into your IRA. With all of your assets in one place, it’s easier to see where you stand, how you’re invested and if it’s time to make some adjustments.

Get planning! And keep us informed on how it’s going.

Resource: http://wethesavers.com