This card will be like multiple currency other than AED it will be helpful for spending out with worrying when lost or stolen as money inside the card is what you put inside... Multiple currency with international exchange rate...
A digital wallets integrated with Apple or Samsung Pay, where your bank cards (Debit, Credit, Prepaid) are all stored and you can simply pay with your digital wallet app by selecting which card you want to pay from. What would be even more cool would be if the app/digiral wallet can identify which card/bank stored in the wallet gives you best value (cashback, airmiles, points, discount) and you can either select to pay from that or over-ride the suggestion and pay with another card linked to the app.
It will be helpful for users and members if you can offer a loan that is specifically for health and treatment only. That can be pay in installment basis. Since the Dubai has a minimum 4000AED minimum salary to buy the comprehensive policy. Lets us try to help low income salary employees.. Who is working for our companies. If our employers are not giving the same then I guess its not that bad if we change the people views. Being a moneysmart member/user will be highly appreciate and many people will consider to join us if there will be an option to help them in this issue. Just saying.. Cuz I also need. my employer is being kanjoos.. They didn't think that if they give their employee a good health insurance then I will renew my contract.. And will do my work more actively. so InshaAllah.. This will get approve..
For smart banking app there should be an option where you can top up your account using debit card instead of account to account transfer which takes longer time.... By using the debit card from any other bank to top up the account which is faster... it will be like online purchase.
Because dreams never grow old
Different people have different dreams for their retirement. You have a dream too but, will you have the resources to make your retirement years special and fruitful by maintaining your desired lifestyle and fulfilling your dreams?
FutureInvest, an insurance plan which gives you the choice to save for your retirement years ahead while you are young and earning so that you will be able to continue the same lifestyle after retirement without having to depend on anyone else or compromise on your dreams.
How does this plan work?
FutureInvest provides you a dual opportunity: risk protection and an investment via a unit fund account. You can select to either pay a single premium at one time or regular premiums on an yearly, half-yearly or monthly basis.
This is a flexible and tailor-made retirement plan that ensures that you receive the accumulated cash amount at maturity enabling you the luxury of choice to live your new life with your loved ones on your own terms.
You also have the choice to select the amount payable in case of the unfortunate event of death prior to the maturity of your policy:
Option A: Higher value return
Receive the higher of either the cash value or sum assured.
Option B: Added value return
Receive both the sum assured plus the cash value.
اصدار بطاقة تسمح لك بايداع فيها مبلغ معين واستخدامها اونلاين فقط على بدون حد اقصى للاستخدام او بدون سفق للبطاقة واسترجاع 1 بالمية من المبلغ المستخدم
Whole life insurance is not for everyone. But it is a solution for a lot of people.
Whole life insurance is an investment in the security of you and your loved ones in the event of your eventual death. It offers several other benefits in addition to the lifelong protection of your family, no matter how old you become.
You may opt to buy life insurance to cover business debts or a mortgage should your family lose the financial security of your income whether you’re the head of the household or not. But these typically are not reasons for a whole life.
WHAT EXACTLY IS A WHOLE LIFE INSURANCE POLICY?
Whole life insurance is a type of permanent life insurance which covers the individual for their entire life.
Also known as cash-value life insurance, it includes both a death benefit which is paid to your beneficiaries and a cash-value portion which helps it to grow. You may be aware of other types such as universal life insurance or term life insurance.
Whole life is a pretty basic type. You’ll have a set premium which will stay stable for the life of your policy.
Like any other life insurance policy, you should choose an insurer who is financially sound to ensure your family is served when the time comes. In this way, purchasing a life insurance policy is a matter of trust.
THE ADVANTAGES OF WHOLE LIFE INSURANCE
The primary benefits of whole life insurance revolve around its cash value.
Part of your premium will go toward the cost of the insurance and its death benefit. The balance is part of its cash value. The money you pay in contributes to this fund, in addition to a stated interest rate by the carrier you choose. In many ways, it’s like having an IRA or 401(k). Like these investments, your cash value earns interest over time which is tax-free.
And the best part of is you can withdraw from these funds tax-free as well—as long as the amount is under the total amount of premiums deposited. You can also opt to take out a tax-free loan against the accumulated cash value. The catch with either way of accessing your funds is it can reduce the death benefit your beneficiaries ultimately receive, or incur taxes if by surrender.
The death benefit offers your family another important advantage.
Generally, your beneficiaries won’t have to pay interest on the amount they receive. It’s one less thing your family needn’t worry about during a trying time. They will most likely not pay taxes on this benefit either. It’s one of the most comforting of the advantages of whole life insurance.
Your loan will still accrue interest which will affect the balances of both your cash value and the death benefit. In addition, you don’t have to pay it back either.
It will also go against the value of the death benefit. You can also use the cash value to pay your premiums, if you so choose. These are things to consider as part of the total costs and benefits of a whole life insurance policy.
If there is enough cash within a policy where the interest gained annually is above your cost of insurance, the policy can also be considered “paid up.” This means you can stop paying in, and the policy will be on autopilot until you pass, where it will deliver the final death benefit.
UNDERSTANDING THE CASH VALUE OF YOUR POLICY
It’s essential to understand the nuts and bolts of how the cash value of whole life insurance works.
First, it is a safe way to save money because it is insulated from the effects of market fluctuations. Second, the cash value accrues interest which is tax-free, with no limit. And third, you may earn dividends as well, as long as the insurer is a dividend paying company.
However, the cash value is a living benefit of your whole life insurance. Its advantages lie in your ability to withdraw or take a loan against it while you’re alive, tax-free. It does not go to your beneficiaries after you pass, however. The insurance company will pay the death benefit to the survivors, in addition to any paid up additions it accrues.
HOW MUCH WHOLE LIFE INSURANCE DO YOU NEED?
There are several things to consider when deciding how much whole life insurance coverage to get.
Part of this figure involves your intentions for whole life insurance. Many people do not buy whole life insurance for the security of a source of income replacement; this is what term is for.
An individual may also buy a term life insurance policy to ensure the family’s debts are handled. These can include the short-term expenses of medical costs and burial. It can also cover long-term needs such as a mortgage or business debts. You may have plans for future dispersal to fund your children or grandchildren’s education expenses.
Whole life is for final expenses, final medical bills, and not much more! It is okay to have a small whole life, and the rest of your coverage as term.
اقتراح بالمنتج للاشخاص الغير قادرة علي العلاج وذلك بتوفير تمويل لهم ... ويفضل بدون نسبه ارباح ....ممكن رسوم معاملة
من وجهة نظري اعتقد انه من احسن الإستثمار هو التأمين بصفه عامه والتأمين علي الوظيفه أو التأمين الإجتماعي عموما هو نظام رأس مالي وإشتراكي في نفس الوقت وما من دوله تجدها عندها نظام تأمينات ومعاشات سواء كانت معاملات حكوميه كهيئات او بنوك.. او خاصه كشركات تأمين او بنوك خاصه إلا وتجدها تستثمر اموال عملائها ( اموالها)في التأمين الاجتماعي تتضاعف الاستثمارات لانه مورد ثابت مع الحياه وبعد الممات
فكرتي هذه جأتني منذ اعوام مضتت بعد متابعه للاسواق الماليه للشركات والتضارب في البورصه العالميه وبالاخص المصريه
Invent an account that has two option for moneysmart option A is for the people that has below 5k salary, and option B is for the people that has 5k up salary.
i think you don't need to cancel the account of members that has below 5k salary because it's unfair, they're already make the effort just to get the card.