[Insurance] What you need to know about the New Regulations on Investment-Linked Plans? (July 2019)

If you are planning to purchase an Investment-Linked Plan (ILP) insurance policy, then you should take note of the new regulations by Bank Negara that came into effect on 1 July 2019.

In January 2019, Bank Negara released a policy document that set several new requirements that investment-linked insurance providers must adhere to from 1 July 2019 onwards. Why? These requirements were designed with the primary objective of protecting the interests of policy holders.

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How to get FREE Petrol from Petronas via Setel ???

Are you a Petronas customer?

Are you pumping petrol regularly?

Are you a Free-bie lover?

If you answered all YES to the above questions, the chances are you would be very much in love with this article. Keep reading on.

SEVEN + ONE Reason why you should start using Setel ???

Key Highlights of e-Commerce Consumers Survey 2018

The e-Commerce Consumers Survey 2018 (ECS 2018) is the first purpose built survey conducted by Malaysian Communications and Multimedia Commission (MCMC) to understand characteristics and behaviours of e-Commerce consumers in Malaysia.

In addition, the survey also covers challenges faced by consumers to adopt e-Commerce.

The survey focused on selected key indicators including the following:
i. e-Commerce experiences;
ii. purchasing;
iii. product delivery;
iv. product return;
v. security and privacy; and
vi. demographics and socio-economics background of consumers and non-consumers.

In the full 49 pages of survey report, let us zoom into these key highlights: 

What is the Lending Rate from various banks now? (Updated May 2019)

As most of us already knew, Bank Negara Malaysia (BNM) decided to reduce the Overnight Policy Rate (OPR) to 3% at its last meeting on 7 May 2019. This was the first time of OPR cut since July 2016.

Historical Movement of Malaysia's benchmark interest rate (Overnight Policy Rate)

Consequently, the ceiling and floor rates of the corridor for the OPR are correspondingly reduced to 3.25% and 2.75% respectively. This in turns will affect all the borrowing rates in Malaysia.

What's the lending rates from various financial institutions following the cut?

Here you go...

Gold as an Investment. Yes or No?

Since young, our parents or grandparents kept telling us that if we have money, save it in gold. Does this still hold true nowadays given the plenty of investment choices that we are having now❓

In modern days, investors buy gold mainly as a hedging tool against political uncertainties and inflation. On top of that, many investment advisers recommend a portfolio allocation in commodities (usually of only up to 10%), which includes gold, for portfolio diversification purpose to lower down the portfolio risk.