Feb 11 2010, 09:16 PM
QUOTE(xuzen @ Feb 21 2009, 12:15 PM)
I need CI for protection.
I read from KC Lau, Money Matter that we need CI protection of 3 x our annual income. Therefore I am under protected (my existing CI policy which was bought earlier based on my earlier income level and is currently inadequate). Adding this RM 50K will bring it up to an adequate level.
I am healthy at the moment, but getting sick during older age is a guarantee.
And since we are on this topic, what would be considered a adequate protection for Hospitalization & Medical?
Xuzen
Added on February 21, 2009, 12:17 pm
My Life Policy is adequate.
I am now looking to up my CI and Med card Protection. As one progress in life, ones' needs and protection increases. Yes, I want to keep my CI & Med card policy separate, it is cheaper this way isn't it?
Xuzen
Hi, just wish to add some of my little knowledge concerning insurance and Med card; it's a must as hospitalization can really killed you not the illness but the fees. But, when you have a Med Card, that's a very good reason for the hospital to keep you there and so, a minor problem may lead you to a long stay in the hospital to get to your Med Card.I read from KC Lau, Money Matter that we need CI protection of 3 x our annual income. Therefore I am under protected (my existing CI policy which was bought earlier based on my earlier income level and is currently inadequate). Adding this RM 50K will bring it up to an adequate level.
I am healthy at the moment, but getting sick during older age is a guarantee.
And since we are on this topic, what would be considered a adequate protection for Hospitalization & Medical?
Xuzen
Added on February 21, 2009, 12:17 pm
My Life Policy is adequate.
I am now looking to up my CI and Med card Protection. As one progress in life, ones' needs and protection increases. Yes, I want to keep my CI & Med card policy separate, it is cheaper this way isn't it?
Xuzen
But then, you must have a Med Card or otherwise, you may find yourself in serious money shortage if you are a salary earner.......sometime, a hospital stay can cost up to Rm50K and that's what happened to me 3 months ago......luckily, I have my Med Card but then, I didn't have; my stay maybe just for a week and not one month lah.
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