Insurance is needed when it suits ur protection need and ur budget, if it doesn't on either side, then u don need n can't have it.

1. i m glad tht i m at lower risk for Lost of job n income.
2. emergency fund is must,save 1st.
3. pls insure for More likely risk ( name it, u should know ur lifestyle n ur job n ur risk, if u don know, better find out).
4. pls insure for Less likely but High damage risk only with low premium (aka the total premium u pay in the next 50yrs is less than 1/3 of the insured amount), if not, don bother.

no offense , define Too much and how unlikely to happen ? 200K n above for critical illness or medical ?

1&2 : when was the last time u call up hospital n ask about this figure n the incidence rate n frequency ? i m in medical line, everyday i m seeing doctors n patients n we discuss about 1 common thing, no money for suitable treatment.

3. when was the last time u ever shop around for insurance ? oh u don't . may be insurance agents here can answer the below 200K n above 200K question. get ur facts right.

wish u happy and healthy.

dreamer,
when u ask me to call up the hospitals to ask about the medical conditions tht require 200K n above n how likely it would happen, u should know the answer or hav the facts with u, if not , u r not different from ppl who can talk n divert conversation. obviously, u r either not willing to share or U DO NOT KNOW.

1. Ask a neurosurgeon to operate ur head, u need to get ready at least 15-20K , for what reason he operates on u is another story n another bill, that is only his fees. DO u need a medical condition to get ur head operated ? No.Other ppl's accident can bring u to OT room, worse still if u r not conscious n ur family member doesn't know how to withdraw ur CASH. And we don hav to argue on how likely this will happen coz u agree tht personal accident is important but pls read the terms how much it covers for hospitalization.

i m here to promote insurance, but a person age 20 who purchase medical card of 60K/year, 200K/life time, the total premium he has to pay till age 70 is less than 60K, unless he is so sure tht he wouldn't need hospital service for the next 50years, getting a medical card doesn;t harm his finance n potentially help him. we can take care of our health as much but we can't guarantee we will be healthy n unhurt for tomorrow.

2. Cancer hit population age 20-99, when it hits , and too bad malaysian often got diagnosed late, and will require higher treatment cost. the best cancer treatment depends on type of cancer, can cost u upto 50K/month , still we are excluding some many other cost inccured.

i do not have to list all other medical conditions tht require LONG TERM treatment and the cost involve, may be for ur AGE u can find more ppl to ask about this n update us on ur findings.

3. Since the 1st day i got to know about life insurance, i hav not heard about above 200K coverage u hav to pay relatively higher premium (infact, where do u get this info may i ask?) , in fact it is lower if u purchase 200K in 1policy vs 40K x5policies, there is a discount incurred. Substandard premium applies on clients with Substandard health status. perhaps ppl who purchase above 500K coverage require some extra health screening and their health condition made them pay higher fees.

since we might some agents here, may be they can correct me if i m wrong.

i did not argue with u, did i sound so ? pls note tht i m not in ur AGE group, forgive me if i offended u, never mean so.

1. according to u , most ppl actually save 23% of gross income (EPF).
2. With ur new post, most ppl actually need to save 33-38% of their income.
3. I m never in the condition of saving less than tht %, so u may be right, if they can't save, may be they don't deserve to be financially protected for medical condition.
4. They are not overspending on insurance, they might only spend RM50/m on insurance but Overspend on shopping for food /clothes/clubbing/car/house, which we all know, are the easier ways of burning money. a person who spend on insurance is relatively better than these overspending machines.
5. I was talking about critical illnesses n medical insurance . Life insurance now do include critical illnesses too.
premium for 120K/year medical card is less than 2X premium for 60K/year medical card.

u r not limited to buy 200K medical insurance and u hav the right to choose the standard of the treatment tht u can afford.

if ur income couldn;t afford a medical insurance over 200K, u should worry about ur income and saving 1st. and u get a below 200K medical insurance bcoz u don hav 200K.

saving for emergency fund is a MUST, not to compare with medical insurance . and medical insurance is not only for cancer treatment , any accident will consume ur emergency fund instantly if u don even hav the basic medical coverage.