Ashwin Wijeratna

16/05/2023

The mistakes people make when it comes to using insurance policies:

⚠️ Not knowing what insurance is ⚠️

Insurance is in other words a backup plan. It is used to ensure that you face a problem without incurring issues, losses or any sacrifices.

There are 3 categories of insurance plans:

a. Healthcare Plans - Used to pay the hospital/medical bills. The benefits are custom designed based on what you require and your budget.

b. Protection Plans - Used to safeguard the income of a family if the breadwinner or a contributor to the family's income dies unexpectedly.

c. Savings and investments - Used to save money step-by-step for a greater goal. These are affordable based on the product you choose and works as a security measure as well to ensure the money needed for a specific future goal is met in a timely manner.

These are 3 different categories of insurance plan serve different purposes and therefore contain different benefits.

Along with these solution comes a built-in feature/mechanism that acts as a protection against unfortunate circumstances and secures the dependents of the policy owner in financial terms. This is done by releasing an agreed upon sum of money as a benefit/life cover in case of a death or disability. The amounts and the availability of this benefit depends on the product you opt for and how it is customized for you.

Now you know more on insurance 😄
Stay tuned for more

23/04/2023

UNDERSTANDING THE WHAT, WHY, WHO OF INSURANCE

It is crucial that proper knowledge is communicated about insurance to remove any misconceptions and help individuals and families better use insurance to improve their lives.

Contact us to learn more on 070 484 0033

27/03/2023

Are you a Sri Lankan working overseas and dream on an ideal retirement?🤔

Lets first understand - What is an ideal retirement? 🤔😊

In general, an ideal retirement is one in which an individual is financially secure, healthy, and able to pursue their interests and hobbies without the stress of work or other obligations.

Financial security is a crucial aspect of an ideal retirement, as it enables individuals to live comfortably without worrying about money. This can be achieved through careful planning, saving, and investing in retirement accounts.

Good health is also essential for an ideal retirement. It allows individuals to enjoy their free time and pursue their interests without being limited by health problems.

Finally, an ideal retirement is one in which an individual can pursue their passions and interests. This may involve travel, hobbies, volunteer work, or spending time with family and friends. The key is to have the freedom to do what brings happiness and fulfillment in life.

If you dream on an ideal retirement, then our free consultation can cover the following:

- A happy and independent retirement
- An early and eventful retirement
- Money to make sure all your expenses are covered after retirement
- Provide for your family even during your retirement
- Making sure your health needs are fulfilled

21/03/2023

Foreign universities can be very expensive choices to send our children to one day. But this does not have to be the case.

What if there was a way to collect the money needed for your child's university without getting into debt or selling off personal assets?

🎓The costs associated with studying overseas:🎓

The costs of doing an undergraduate degree 🎓can vary depending on several factors such as the type of university, the duration of the course, the subject of study, and whether the student is an international student or not.

There may also be additional costs such as accommodation🏘, textbooks📕📗📘📔, equipment🎒👟💻, and travel expenses🚕🚌🚎. It's important to research and budget carefully to ensure that you have a realistic understanding of the costs involved in studying overseas.

Here are some general estimates:

🇬🇧United Kingdom:

For UK/EU students, tuition fees for undergraduate courses in England, Wales, and Northern Ireland can range from £9,250 to £18,000 per year, while in Scotland, tuition fees are generally lower and can range from £1,820 to £9,250 per year. These fees are set by universities and may vary by subject.

For international students, tuition fees can be higher and typically range from £12,000 to £35,000 per year, depending on the university and subject.

🇦🇺Australia:

For domestic students, tuition fees for undergraduate courses in Australia can range from AUD$6,000 to AUD$11,000 per year, while for international students, tuition fees can range from AUD$20,000 to AUD$45,000 per year, depending on the course and institution.

Estimated living expenses can range from AUD$20,000 to AUD$27,000 per year, depending on the location and student lifestyle.

🇲🇾Malaysia:

For local students, tuition fees for undergraduate courses in Malaysia can range from MYR$7,000 to MYR$30,000 per year, depending on the course and institution.

For international students, tuition fees can range from MYR$20,000 to MYR$70,000 per year, depending on the course and institution.

Estimated living expenses can range from MYR$10,000 to MYR$20,000 per year, depending on the location and student lifestyle.

🇲🇨Singapore:

For local students, tuition fees for undergraduate courses in Singapore can range from SGD$8,000 to SGD$12,000 per year, depending on the course and institution.

For international students, tuition fees can range from SGD$13,000 to SGD$50,000 per year, depending on the course and institution.

Estimated living expenses can range from SGD$10,000 to SGD$20,000 per year, depending on the location and student lifestyle.

🇨🇦Canada:

For domestic students, tuition fees for undergraduate courses in Canada can range from CAD$5,000 to CAD$20,000 per year.

For international students, tuition fees can range from CAD$20,000 to CAD$40,000 per year, depending on the course and institution.

Estimated living expenses can range from CAD$10,000 to CAD$15,000 per year, depending on the location and student lifestyle.

⚠️These are estimated average figures based on statistics and secondary research available on the web. A thorough research on costs will be necessary to understand the exact amount of expenses.

21/03/2023

With the new expansions coming our way, it is time we grow our team with a diverse set of professionals groomed to help make our community stronger financially.

Make your dreams a reality!

We are looking for individuals with the following abilities:
- Outgoing personality
- Good communication skills
- Motivated and self driven
- Go-Getter attitude
- Experience in sales or similar capacities will be an added advantage
- Living within Colombo District, Sri Lanka and can commute to work regularly

What we will offer:
- Attractive income package
- Good work life balance
- Multinational Company working culture and environment
- Local and overseas recognitions and awards
- Local and international trainings

Available positions:
- Wealth Planning Executive
- Wealth Planning Manager

Job-types: Full-time and part-time

Scan the QR codes to APPLY or CONTACT us for more information!

You can also apply via the following link:
https://docs.google.com/forms/d/e/1FAIpQLSc9qjl1Q4bV2MHwzZmj1TA2NGJSGwwa2qv9MvHl6mq0-5YdIQ/viewform

You can also share your CV with us on WhatsApp.

07/03/2023

"Spend time understanding Life Insurance, because it is one of the most beautiful products I've seen in my life." - Dr. Sanjay Tolani

Spend time understanding Life Insurance, because it is one of the most beautiful products I've seen in my life.

05/03/2023

HOW TO PURCHASE A LIFE INSURANCE POLICY? 🤝👨‍👩‍👧‍👦👍

Life insurance is a broad term. In simple words, life insurance is the kind of insurance you need to protect a living person and their interests.

A life insurance can fulfil purposes such as:
• Making healthcare/medical expenses affordable and cheap
• Protecting the loved ones financially
• Protecting the future of the loved ones
• Protecting the health and wellbeing of the loved ones
• Saving money for personal and family commitment
• Saving money for your own future expenses and survival such as retirement
• Growing and building wealth for personal needs
• Protecting the monthly income of your family
• Protecting your family/dependents against losses such as the death of a breadwinner

Purchasing a life insurance policy can be an important decision to protect your loved ones financially in case an emergency. Here are the steps to follow:

1. Determine your insurance needs: The first step is to assess how much coverage you need. This involves estimating your current and future financial obligations and considering your dependents' needs.

2. Research different types of policies: Life insurance policies come in different forms and products, such as short-term insurances, long-term insurances, protection policies, savings policies. Etc. It is important to understand the pros and cons of each type and choose the one that suits your needs and budget.

3. Shop around for quotes: Get quotes from multiple insurance providers and compare the cost, coverage, and terms of the policies offered. It is important you contact an advisor with good knowledge about products and get a background idea on insurance so you can study the products well before you choose.

4. Fill out the application: Once you have chosen a policy, fill out the application form with accurate and complete information. Be honest about your medical history, lifestyle habits, and other relevant factors that can affect the premium and coverage. Being honest is very important as one of the fundamental guiding principles of insurance is “Utmost Good Faith”. This principle states that all necessary information has to be disclosed by both the parties involved in the transaction/contract therefore no complications occur once the policy is purchased. Failing to do so will result in a breach in the contract.

5. Undergo a medical exam: Some policies require a medical exam to assess your health and determine the risk level. The insurance company may guide you on how the medical examination is to be conducted. However, not all policies require medical examinations; unless, you are above a certain age group (such as age 45 and above), you have pre-existing illnesses or any other medical conditions, you have opted for high level coverage, regulation from the governing bodies, etc. Contact your advisor/wealth planner for more information.

6. Prepare, review and sign the policy proposal: Carefully complete the proposal document submitted to the insurance company, review the documents to make sure everything is in order (including the terms, conditions, riders, and exclusions), ask any questions to clarify any concerns you may have before signing the policy and finally, sign the proposal documents for submission.

7. Pay the premium: Pay the first premium to activate the policy underwriting process. You can choose to pay annually, semi-annually, quarterly or monthly, depending on the policy's terms and your budget. It is only after the premium that the documents will be sent in for evaluation and risk assessment. Any pendings to be cleared, medical requirements, client consents required, changes required, etc. will be communicated in the following stages. Once the process is done you will be notified in official means that the policy has been accepted.

8. Keep the policy updated: Review your policy periodically and update it as needed to reflect any changes in your life circumstances or financial situation.

05/03/2023

LETS FIND ANSWER TO THESE QUESTIONS:

If I die unexpectedly,

- What if I have a way to make my salary permanent?
- Will my family be able to pay the bills?
- Will my spouse be able to bare all the burden?
- Will my spouse have to depend on other people?
- Will my spouse and children have a roof over their head and food on the table?
- Will my children have good education?
- Will my family be happy?

04/03/2023

LETS FIND ANSWER TO THESE QUESTIONS:

• Want the best education for your babies?

• Want to send your children for overseas universities?

• You don't want to face the education loans and debt?

• Want to make 100% sure your child's education money is guaranteed?

• What if I don't live long enough to save enough money?

03/03/2023

Why do we need life insurance?

A person should consider getting life insurance for several reasons, including:

1) Financial protection for dependents: If a person has dependents who rely on them financially, life insurance can provide financial support for those dependents in the event of the person's death. The death benefit paid out by the life insurance policy can help cover the costs of living expenses, education expenses, and other financial obligations.

2) Paying off debts: Life insurance can also help pay off any outstanding debts, such as mortgages, car loans, or credit card debt, so that the person's family does not have to bear the financial burden of those debts.

3) Final expenses: Life insurance can help cover the costs of funeral and burial expenses, which can be significant.

4) Business protection: Life insurance can be used to protect a business in the event of the death of a key employee or owner, providing financial support to help the business continue operating.

Overall, life insurance can provide financial security and peace of mind for individuals and their families in the event of unexpected events. It's important to consider the specific financial needs and goals of the individual and their family when deciding on the type and amount of life insurance coverage to purchase.

02/03/2023

AWARENESS POST:

WHAT IS HEALTH INSURANCE?

Health insurance can also be known as healthcare insurance or even medical insurance.

Health insurance can provide a range of benefits for individuals and families, including:

1) Access to healthcare (affordability): Health insurance can help individuals access healthcare services that may otherwise be too expensive or out of reach. This includes routine check-ups, preventive care, and treatment for illnesses and injuries. Refer to the package, plan and benefits on what can be claimed.

2) Financial protection: Health insurance can help protect individuals from the high costs of medical care, including hospitalization, surgery, and prescription drugs. Without insurance, these costs can quickly add up and lead to financial hardship.

3) Healthier lifestyle: Many health insurance plans offer wellness programs and preventive care services that can help individuals maintain a healthy lifestyle and prevent chronic diseases. These can come as value added services as well,

4) Peace of mind: Knowing that you and your family are covered by health insurance can provide peace of mind, particularly in the event of a serious illness or injury.

5) Tax benefits: In many countries, health insurance premiums are tax-deductible, which can provide additional financial benefits for individuals. However, this depends on the tax regulations currently active in the country. Contact your tax advisor for more information.

6) Return on investment: Some healthcare insurance plans provide a sum of money called the maturity at the end of the term of contract. This fund is built depending on the performance of the company, the age of the customer (life assured), the coverage and benefits, etc. A good healthcare plan will make sure you get a good investment return at the end of the policy term.

Overall, health insurance can provide a range of benefits that can help individuals and families stay healthy, financially secure, and at peace. It is extremely relieving knowing that your savings and financial wellbeing is secure in an emergency situation.

02/03/2023

LETS FIND ANSWER TO THESE QUESTIONS:

• I must give the best care for my family. But how?

• Afraid of not having enough cash for emergencies?

• Afraid of staying in public hospitals but private hospitals are expensive?

• A heart surgery may cost over Rs. 1,500,000. How can I pay for this?

• What if I get sick and die? Who will take care of my family? I have a lot of money and assets. Is that enough?