Risk Management in personal financial planning involves identifying, assessing, and mitigating potential financial risks to safeguard one’s financial well-being. This includes understanding and managing risk related to income fluctuations, market volatility, unexpected expenses, medical and other unforeseen events. By proactively addressing potential risks, individuals can enhance financial resilience and achieve their long-term financial goals.
Learning Outcome
By the end of the course, participants will be able to:
- Understand the role of risk management in achieving financial goals securely.
- Differentiate between insurance and takaful and their respective coverages.
- Calculate the necessary insurance/takaful coverage using the total needs approach.
- Identify issues related to beneficiary and nominee assignments in insurance policies.
- Evaluate the balance between investment and protection in personal finance.
Learning Outline
| 8.30 – 9.00am | Registration / Pre Assessment |
| 9 : 00 – 9.30 | Introduction to Risk Management in Personal Finance |
| Description:
|
Overview of risk management principles in financial planning. |
| 9: 30 – 10 : 30 | Insurance vs Takaful |
| Description: | Exploring the differences and similarities between insurance and takaful. |
| 10.30 – 10.45 | TEA BREAK |
| 10 : 45 – 11.15 | Coverage Types and Selection |
| Description: | Understanding various types of insurance/takaful coverage. |
| 11.15- 12.00 | Calculating Coverage Needs
|
| Description: | Methods to determine the appropriate level of insurance/takaful coverage. |
| 12 : 00 – 12 : 30 | Beneficiary & Nominee Assignment
|
| Description: | Discussion on the legal and practical aspects of assigning beneficiaries and nominees.
|
| 12 : 30 – 1 : 00 | Balancing Investment and Protection
|
| Description: | Analyzing the relationship between investment goals and protection needs. |
Facilitator
Ng Ka Hoe
Ng Ka Hoe is a seasoned financial practitioner and coach with extensive experience in personal financial planning. He is a Registered Financial Planner with the Malaysian Financial Planning Council (MFPC) and has a background in Computer Science. Ka Hoe is known for his practical approach in financial education, emphasizing real-world applications and strategies for risk management in personal finance.
Terms & Conditions
- Registration is on a first-come-first-served basis, only 30 seats are available.
- Participants need to sit in for the workshop throughout the day to receive the certificate and to fulfill the endorsement of points.
- Confirmation is subject to receipt of payment before the workshop.
- FPAM reserves the right to amend the program, speaker, date, venue, etc, without prior notice.
Frequently Asked Questions
1. How long will each physical program take?
Each physical program is the equivalent of a day’s CE Workshop training for approximately 8 hours with the morning & afternoon coffee break and lunch in between. The duration of the program excluding the break is 6 hours.
2. Can I attend only half the sessions of the training?
You will need to sit in for the session throughout the day unless you have a valid reason or a copy of proof.
3. Mode of payment?
We accept payment by credit / debit card (VISA / MasterCard / AMERICAN EXPRESS / Discover), by FPX (Affin Bank, Alliance Bank, AmBank, Bank Islam, Bank Muamalat, Bank Rakyat, BSN, CIMB Clicks, Hong Leong Bank, HSBC Bank, KFH, Maybank2E, Maybank2U, OCBC Bank, Public Bank, RHB Bank, Standard Chartered, UOB Bank).
4. How secure is shopping? Is my data protected?
Your data will be handled confidentially and encrypted with SSL (Secure-Socket-Layer) secure server software. The encrypted information of your order, your name, address, credit card, and bank details cannot be retrieved by any third party. Credit card payments will also be verified through the 3D secure procedure.
5. Who should I contact if there is any transactional issue or problem purchasing any product/service?
Kindly drop a message below with the problem statement, and we will get back to you as soon as possible.
