I see a lot of post calculating the worthiness of insurance by the premium cost vs fund performance and never get to utilize them etc, just sharing my experience here

When I started working I was sort of pressured into taking a medical insurance (200k limit PA), had to pay about 200+ per month. Then about 3rd or 4th year of working, I had spinal injuries which translate into 40k+ medical bill (Gov hospital waiting period is about 9months+ for the surgery)

Then my kid came along and I took out another medical plan for him once he is 1month old, and within 3 years of his life he had 2 surgeries (Due to accident + illness), 30k+ medical bills

Also since my own medical plan had kinda low limit, I did bought another medical plan but it has exclusion regarding the previous conditions (i.e spinal thingy), so yeah I'd like to think getting a high limit medical card when you are still healthy is important

Same thing applies when you are the sole income earner in your family, and you still have mortgage/car loan etc, some sort of insurance like Life/CI/MRTA is no brainer