Personal Risk Management

Course objectives

This course provide an overview of the personal finance field. It is suitable for those who want to increase their financial literacy for their general well being.​

Targeted industry/industries for the courses

Manufacturing, consumers and any other industries.

Target Group (by designation)

  • Executives

  • Non-Finance Managers

  • Project/Technical Managers

  • Anyone who needs to know more about personal finance

Business Conversation

Course outline

Understanding Insurance – Risk Management

  • The Concept of Risk

        - Definition of risk

        - Categories of risk

        - Risk identification

        - Risk evaluation

  • The Management of Risk

        - Risk avoidance
        - Risk control
        - Risk financing
        - Risk transfer through insurance

  • The Insurance Industry

        - The regulators
        - Professional bodies
        - The operators

  • Types of Insurance Cover

        - Life insurance
        - Health and disability insurance
        - General insurance
        - Commercial insurance
        - Islamic insurance

  •  Retirement Planning

        - Estimate the amount of income needed during retirement – Income                   replacement and expense methods
        - Estimate the capital needs for retirement
        - Evaluate the current resources – EPF savings and Non-EPF savings
        - Formulate strategies for filling retirement income deficit     
        - Evaluate other retirement resources – Private Retirement Scheme

Businesswoman with Mask

Methodology

This program will be presented via interactive lecture and practical hands-on activities.
•    1 Day with 7 hours per day
•    HRDF SBL Claimable
•    Certificate of Attendance available

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All our courses are HRDF-certified