how much is the average premium for a basic medical card?this wont cover medicalcheckup right,just hospitalisation?

well... like everything in this world, there's a limit. we can't have EVERYBODY flocking government hospital and people not buying insurance and not going to private hospital... then government can't sustain the healthcare bill... price increase... everybody lose...

yes thankfully, with government hospital and also semi-private like ukm/um we managed the bill for 2 rounds of chemo for my dad. otherwise... ya, we wouldn't be able to afford it cause my dad ain't got insurance...

yes, about the reducing expenses thing, we can't have no spending as well... something needs to drive the economy... HAHA  anyway, yes i do spend very little, but you know, just saying... so i encourage my friends who make money than me to continue spending 

so yes, i still think medical insurance is necessary... because i don't want me to burden others like how my dad sort of became a burden... and well, when one is sick, one deserve some privacy and comfort after all...

BUT seriously, did you check with your employer? do you work in a big-ish company and check with HR about your benefits? like actual hospitalisation benefits...

also... when you are at the point of being approach by an agent, and seriously considering to get one, just drop by the forum insurance thread to get some input.

Medical insurance is still necessary as an individual to pay cost of hospitalization.

If not, the hospital bills are going to burn a hole in your wallet.

er.. i'd think it depends on how big a wallet, thus that "hole" may or may not even scratch the wallet 

IF i can afford to self-cover (big if la),
why would i pay admin cost +profits +commissions +hospital cost (via medical )insurance
VS
just pay hospital cost?

Buying insurance is just risk mitigation / management - and one pays a price to push that risk to someone else (insurer).
Insurer needs to pay admin +commissions +make profits for shareholders.
Thus does one really think it's cheaper VS pay by self?

Again - this is assuming one has "enough" la.
While building towards "enough" - then i'd agree that it'll be useful to mitigate or manage risk by having the RIGHT insurances for the RIGHT reasons.

just thinking..

how much is the average premium for a basic medical card?this wont cover medicalcheckup right,just hospitalisation?

this is crazy talk.

Why would I prefer to spend paying a RM100,000 hospital bill with my OWN money when I can just maintain a medical card for RM200 monthly that covers me until I'm old.

if you're going to assume every bill is going to come in RM10,000 - RM50,000 then by all I means go ahead and use your cash if you think you have TONNES of surplus but I doubt any rich man would do that.

this is crazy talk.

Why would I prefer to spend paying a RM100,000 hospital bill with my OWN money when I can just maintain a medical card for RM200 monthly that covers me until I'm old.

if you're going to assume every bill is going to come in RM10,000 - RM50,000 then by all I means go ahead and use your cash if you think you have TONNES of surplus but I doubt any rich man would do that.

Buy insurance today, masuk hospital tomorrow, profit

Buy insurance today, masuk hospital 30 years later...insurance company profit

Simplistic view of insurance

I bought my Insurance policy when i was 20 years old. My health should be not many illness 20 years down the road. Am i made a silly mistake by contributing to insurance premium? 

Buy insurance today, masuk hospital tomorrow, profit

Buy insurance today, masuk hospital 30 years later...insurance company profit

Simplistic view of insurance

The "trick" is to ONLY "keep playing" until U don't need to pass the risk management over.

Insurance is just that, insurance. Insurance has a cost. Insurance help if you were to be in a situation where you would be financially crippled without outside help.

If you are healthy now, it doesnt mean that you will be healthy 20 years down the road. For example, a number of cancer patients lead a healthy lifestyle and are shocked when they found out that they have cancer.

Insurance is probably not for you if you think that you can be comfortable with having your health care serviced by the governmental hospitals (nothing wrong with that), but if you want options, then insurance, even how minimal it is would probably be useful.

tl;dr: Insurance is a financial tool to hedge your finances against unforeseen circumstances, as such, it will have a cost.

This

Buy cheap (term) insurance, invest the rest.

When u have a sizeable net worth AND emergency funds, u don't need insurance anymore.

I do have medical card from my company, yet i forget about the policy, just read it once and very confidential one lol, cannot simply pick up and read again.

Entitle to hospitalism yet many procedure need to go through, you know la company claim not easy to get XD

do you guys think it would help if I make a video about insurances, the differences, the pros and cons between one and another? would it help people be more educated about the industry?

The sad part is… most normal consumers don’t opt for term insurance because it seems ingrained that they must get back money from insurance, whether dead or alive. IMO... the idea of NOT getting back ANY money if they DON’T die doesn’t bode well to them. 

Even agents don’t quote because low premium translates to low commission.

do you guys think it would help if I make a video about insurances, the differences, the pros and cons between one and another? would it help people be more educated about the industry?

whats the actual difference btw life & term insurance?

er.. i'd think it depends on how big a wallet, thus that "hole" may or may not even scratch the wallet 

IF i can afford to self-cover (big if la),
why would i pay admin cost +profits +commissions +hospital cost (via medical )insurance
VS
just pay hospital cost?

Buying insurance is just risk mitigation / management - and one pays a price to push that risk to someone else (insurer).
Insurer needs to pay admin +commissions +make profits for shareholders.
Thus does one really think it's cheaper VS pay by self?

Again - this is assuming one has "enough" la.
While building towards "enough" - then i'd agree that it'll be useful to mitigate or manage risk by having the RIGHT insurances for the RIGHT reasons.

just thinking..