Risk Management

Risk management is an important part of any financial plan, and should be catered to your own specific risk tolerance profile. At Synchron, we ensure adequate insurance is included in your financial recommendations. Insurance provides some financial protection, and can be broadly categorised as:

  • General insurance;
  • Private health insurance;
  • Business insurance;
  • Personal insurance

 

In our case, we are most interested in personal insurance. Personal insurance provides protection to you and your loved ones if an unexpected event occurs, and includes:

  • Term Life Insurance;
  • Total and Permanent Disability Insurance (TPD);
  • Trauma Insurance (also called Critical Illness Insurance or Living Insurance);
  • Income Protection (also called Salary Continuance Insurance);
  • Estate Equalisation