1. An Activity of ILO- ASEAN TRIANGLE PROJECT
MODULE 5
PROTECTING YOURSELF
An Activity of ILO- ASEAN TRIANGLE PROJECT
ATIKHA

2. OBJECTIVES
Understand the need to protect yourselves and your families from life’s eventualities, such as accidents, illnesses, disability, or death.
Understand the value of having an emergency fund and insurance policies to protect yourselves and your income. 1 2

3. HOW DO YOU
PROTECT YOURSELF?

4. How will you deal with the hazards of life?
If you become SICK OR DISABLED?
If you
DIE TOO SOON?
When you are
LAID OFF?

5. Start an Emergency Fund
Emergencies happen at your most unexpected time.
You and your family must start an EMERGENCY FUND.
SIMPLY SAVE 6X OF YOUR AVERAGE MONTHLY INCOME.

6. Establish an Emergency Fund3
Average monthly salary
EMERGENCY FUND
COMPUTE YOUR EMERGENGY FUND: 3

7. INSURANCE
An agreement in which a person makes regular payments to a company and the company guarantees to compensate the person for specific future loses.
PROTECTION AGAINST:
illness
accident
disability
death
retirement
loss of property

8. INSURANCE Insurance protection is a SMART INVESTMENT!
Even if you don’t have the savings, your insurance will give your loved ones the money they need.

9. HOW DOES INSURANCE WORK?
Buy investment
Buy insurance
1 = 1
1 = 100
10 = 10
10 = 1,000
10,000 = 10,000
100 = 10,000
100,000 = 100,000
1,000 = 100,000
1,000,000 = 1,000,000
10,000 = 1,000,000

10. Pay off loans in case of death
Retirement Fund
Education Fund
Investments
Guaranteed Savings
Pay hospital bills
Family Protection
Income Replacement
Pay off loans in case of death

11. TYPES OF INSURANCE Term insurance Whole Life or Endowment Insurance
Cheaper and coverage is limited to a certain period of time
Life, Health, Accident, Property, Travel
Whole Life or Endowment Insurance
You pay more but it bundles other services such as health, life and investment

12. Important Tips ON INSURANCE
Understand the
TERMS and CONDITIONS

13. Important Tips ON INSURANCE
Shop and compare various
INSURANCE SCHEMES

14. Important Tips ON INSURANCE
Get an insurance with AFFORDABLE PREMIUM.

15. Important Tips ON INSURANCE
START EARLY.
The younger you are the cheaper the premium.

16. Important Tips ON INSURANCE
SAVE MORE.
The higher the savings in insurance, the higher the return on investment.

17. Important Tips ON INSURANCE
MAINTAIN A HEALTHY LIFESTYLE

18. THANK YOU www.atikha.org atikha@atikha.org (+6345) 562-3156
WEBSITE:
TELEFAX NO.:
(+6345)
MOBILE NO.:
(+63917)
ATIKHA
ATIKHA OVERSEAS WORKERS AND COMMUNITIES INITIATIVE, INC.