Prioritise needs to match budget

PRIORITISING one's insurance needs to match one's financial budget is a vital consideration before buying an insurance plan or related schemes, according to an expert in the area of tax and insurance, Ernst & Young executive director Bhupinder Singh. 

“Many buy insurance policies on an ad hoc or stand-alone basis, which does not provide much protection or benefit to them or their next of kin,'' he said in an interview in Kuala Lumpur.