Life Insurance & Medical Insurance 101 Article

There are pros and cons when it comes to both indoor and outdoor exercises. With pandemic concerns generally having subsided, it’s a good time to go out and exercise outdoors. Malaysian weather is generally suitable for outdoor exercise with only hot temperatures at certain hours and rain to contend with. Studies have shown outdoor exercises show greater improvement in mental wellbeing compared to indoor exercises. The sunshine also helps where not only does it have a positive effect on mood, but you can also get the benefits of vitamin D! Looking for outdoor exercises that focus on burning

Insurance is not just for the young. Although with fewer dependents and less financial commitments, the risk of health complications increases as we enter our golden years. Premiums are higher than if getting insured when young, but it could pay itself in the long-run. Here’s what to look for in medical insurance for senior citizens (aged 55 years and above). Source:Giphy​ Higher sum assured Medical costs for the treatment of seniors are higher due to the complexities. There has also been consistently high medical inflation in Malaysia. In general, medical inflation has stayed at 4-5x

Critical illness cover is becoming increasingly important as high medical inflation has persisted consistently for many years in Malaysia. Critical illnesses are serious illnesses such as cancer, stroke or heart disease. The high treatment cost for critical illnesses and its negative effect on ability to work makes it important for Malaysians to consider critical illness cover. For example, the average cost for a single continuous hospital stay for cancer across public and private hospitals in Malaysia was RM7,087 in 2017. There was an 11% increase in new cancer cases and nearly 30% more

Many Malaysians are worried about how high inflation might affect their lives and wellbeing. Little do they know another form of inflation has been affecting their financial lives behind the scenes for years on end. In general, medical inflation has stayed at 4-5x above the average inflation in Malaysia. Malaysia’s medical inflation was projected at 12% in 2022.  Even as our savings earn interest and our wages grow over time, high medical inflation may leave us unequipped to deal with medical bills. Having medical insurance can help cover your medical bills, but could be inadequate

It’s easy to mix up life insurance and medical insurance as they are sometimes bundled under one policy. Knowing the difference between life insurance vs medical insurance can help you make educated decisions about your insurance coverage or determine if you are appropriately insured. In this article, we will delve deeper into the main differences between life and medical insurance. ​ Source: The Simpsons What is Life Insurance? Life insurance is a contract that pays your beneficiaries a death benefit if you die. It can also cover long-term care costs for total & permanent disability