Page 62 - LIAM Annual Report 2020

60 ANNUAL REPORT 2020

LIAM PARTICIPATES IN FINANCIAL EDUCATION
NETWORK’S WEBINARS DURING OCTOBER
FINANCIAL LITERACY MONTH
The Financial Education Network (FEN) launched the Meanwhile, on 30
Financial Literacy Month (FLM 2020) with the theme October 2020, LIAM
“Empowering Financial Freedom” in the month of Vice President,
October 2020. During the FLM 2020, various initiatives Rangam Bir spoke
and programmes by FEN members and partners were on the role of
conducted as part of their on-going efforts to raise life insurance in
the level of financial literacy among Malaysians. financial planning at a panel discussion on the topic,
#YOLO But Your Cover Is Low - Insurance and Takaful
LIAM participated in two webinars organized by the for Youth” alongside Elmie Aman Najas, Deputy
Securities Commission on 25 October 2020 and Bank Chairman of MTA and Alina Amir, Co-Founder of Arus
Negara Malaysia on 30 October 2020 in collaboration Academy. The session was moderated by Hann Liew,
with FEN. Co-Founder of RinggitPlus.

On 25 October 2020, LIAM CEO, Mark O’Dell Rangam also highlighted the importance of life
represented LIAM in a panel discussion on “Retirement insurance protection as a safety net to keep
Challenges – A conversation between PPA, FPAM & Malaysians financially protected against unforeseen
LIAM” alongside Husaini Hussin, CEO of Private Pension circumstances. He also advised the young audience
Administrator (PPA) and Linnet Lee, CEO of Financial to take up life insurance protection while they are still
Planning Association of Malaysia (FPAM). young and healthy and highlighted basic protection
The webinar was part of the Securities Commission plans under Perlindungan Tenang which offers simple
- FEN financial literacy initiative, held in conjunction and affordable protection plans with premiums as low
with InvestSmart® Fest 2020, which was conducted as RM33 per annum for protection from RM10,000 to
live on InvestSmart Facebook page. RM30,000. These products are easily accessible via
various distribution Channels – online platform, telco
Among the highlights were a session on raising providers, banks, agents, walk-ins and post offices.
awareness on the importance of smart investing and
identifying scams and risks, as well as virtual talks by The webinar attracted over 27,000 viewers mainly the
seasoned investment professionals on the topics such youth who wanted to know more about insurance
as Equity Crowd funding, Retirement Challenges, and how to protect themselves during this pandemic.
Micro-investing and Financial Frauds.

Life Insurance Association of Malaysia