Report on Insurance Talk by Jennifer Guan Huey Chen
was another Saturday, 17 August 2002, when all of the YA' s gathered for a talk
on what insurance is all about and also on money matters.
The speaker for that day was friendly Mr. Lee Kay Loon of Prudential. He
charted out our
financial planning for our whole life. When we were babies till we have our own
family. It was something like this.
Wealth Creation ---> Wealth Growing ---->Wealth Protection ---->Wealth Distribution
creation- Making the money work for you
growing- Investing money and "growing" it so that there would be more
Protection-To ensure that wealth is protected by insuring it
Distribution- The last process, when we get old, we distribute our money to the
I learned that there are many different types of insurance, like life
insurance, health insurance, financial insurance and general insurance.
Insurance is there to assure you that the money does not go to waste and
it is saved for better reasons in the future and when we are in need of the
money at times of accidents and so on. In Malaysia now there are over fifty
leading insurance companies.