Risk transfer

Insurance is one of the effective ways to manage risk. It enables us to face or transfer risk efficiently. It can protect us and our families, and also enable your loved ones to rely on you whenever necessary.

Insurance planning classification

1. Life insurance is defined as a contract between an insured and an insurer, where the insurer promises to pay a designated beneficiary a sum of money in exchange for a premium, upon the death of the insured person.

For example: General Insurance.

2. Medical insurance is insurance against the risk of incurring medical expenses among individuals.

For example, hospital medical insurance, hospital cash benefit, health care etc.

3. Annuities and investment-linked endowment, based primarily on investment and savings, where the proportion responsible for life insurance is lower. The return of the financial plan depends on the performance of the selected investment options, which is different from the other common types of life insurance.

4. Property insurance provides protection against most risks to property, such as fire, theft and some weather damage. Part of the insurance is required by law to purchase, such as household, domestic helpers, car insurance etc. 

Due to the fact that there are multiple kinds of insurance in the market, it is hard to know exactly which insurance option best suits you. Victory Securities is here to provide guidance to clients in choosing the best insurance option available while ensuring the option chosen meet client’s every single need. The risk of buying any inappropriate insurance and ineffective use of capital can therefore be minimized.

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