Survey: Highest ranked among Malaysians' concern is retirement planning
KUALA LUMPUR, Sept 21 (Bernama) The average Malaysian middle-income earner is most concerned about planning for retirement followed by family income protection and planning for children' education needs, the latest insurance survey by ING Insurance Bhd.
In a statement today, the global financial institution said some 83 per cent of Malaysian consumers indicated there was a greater need now to protect their lifestyles compared with 12 months ago.
President and Chief Executive Officer Datuk Dr Nirmala Menon said: "It is easy to overlook the importance of financial planning when things are going fine. However, it is important to start saving at an early stage. "In fact, the earlier you do so, the lesser premiums you will need to pay."
ING said the survey measured and tracked the sentiment and behavior of mass affluent investors across 11 markets in Asia Pacific.
The survey, conducted in June, also involved online interviews, conducted by research firm Nielsen, with more than 2,300 mid-income investors aged 25 and above. - BERNAMA
In a statement today, the global financial institution said some 83 per cent of Malaysian consumers indicated there was a greater need now to protect their lifestyles compared with 12 months ago.
President and Chief Executive Officer Datuk Dr Nirmala Menon said: "It is easy to overlook the importance of financial planning when things are going fine. However, it is important to start saving at an early stage. "In fact, the earlier you do so, the lesser premiums you will need to pay."
ING said the survey measured and tracked the sentiment and behavior of mass affluent investors across 11 markets in Asia Pacific.
The survey, conducted in June, also involved online interviews, conducted by research firm Nielsen, with more than 2,300 mid-income investors aged 25 and above. - BERNAMA
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