Perhaps, if you’re reading this, you’ve already bought several insurance policies. Individually, these policies include a medical card and multiple life insurance products. If you have a car, you would’ve bought motor insurance. If you are a property owner, you would’ve purchased multiple insurance products to insure damages against fire, theft and natural disasters. Hopefully, we won’t need to use them.

If so, why do we pay our insurance bills year after year without failing? The answer is: Peace of mind.

It is to have some sense of security and compensation if we face certain losses arising from an unfortunate event or events. The sum recovered is not a personal gain. Rather, it allows us to move forward with life without suffering a major financial setback.

In this article, I’ll write about LPI Capital Berhad (KLSE: 8621). Presently, it is one of the leading general insurance companies in Malaysia. I’ve ...