List of insurance companies in Malaysia As we have previously explained before on this website, insurance is a kind of investment against risk. It is a forward-thinking plan which a person makes ahead of the day of trouble, to reduce the effects of his loss. Insurance can be further explained as an agreement between two parties in which one party agree to pay a certain amount of money if or when the other party should suffer a loss. Life insurance is a particular kind of insurance in which a person agrees to pay a regular premium so that in the event of his death, a previously agreed sum of money will be paid to his family or any other elected beneficiary. There are various types of insurance; life insurance, fire insurance, property insurance, health insurance, motor vehicle insurance Read More