At the moment, I have about 2 life insurance policies from Prudential and from Maybank. There is a third one from Air Asia and they contacted me via my handphone to buy the life insurance policy from them at RM24 per month. This is automatically deducted from my Citibank credit card – so I don’t have to worry about forgetting to pay or late payment. I am paying less than RM300 for the 3 insurance policies and they are quite affordable.
It is better to get insured so that in case of permanent disability or accident, all the hospital and medical bills are paid by the insurance companies – thus protecting my finances from depleting too soon. You never know when you will get the critical illness like diabetes, stroke, heart attack, etc. When you are striken withh any of the illness, you can no longer work and there will be no income any more. This is where the insurance company will pay you a lump sum for your financial needs to cover your unemployment. Hence, I fully supply being insured for the whole of my life for a stress free living so that I don’t have to worry about medical expenses any more.
I have seen my friends getting a lump sum payment from her insurance company for disability that renders her unemployed for the rest of her life. So, this is a win-win situation where you get yourself insured and the company will take care of the rest should you be warded in the hospital, go for surgery or get any of the dreaded disease.
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