The following is an excerpt of a typical conversation with an insurance agent:
Agent: Do you have insurance?
Client: Yes, I have.
Agent: What does it cover?
Agent: Do you have a medical card?
Client: Yes, I have. In fact, it covers life, TPD, accidents and critical illnesses.
Agent: Wow. How much do you pay for yours?
Client: I’m paying RM 150 a month. After all, it’s just RM 5 a day.
RM 5 a day. That is all you need to get everything covered. Is that true?
Well, as a former life insurance agent, I would say ‘Yes, it’s true. You can enjoy a package insurance deal with just RM 5 per day.’ It’s more about affordability than practicability in areas of wealth protection.
Such a policy is okay as a start. But, there is a need to progress from there on.
Here, we have Ms. Tan Hooi Chee, CFP with Fin Freedom Sdn Bhd to share her latest insights on medical and life insurance matters.
- The Difference between an Old Medical Card and the Latest Medical Card
- How to be a Savvy Customer when Buying Life and Medical Insurance?
- Are You Eligible to Buy Insurance after Diagnosed with COVID-19?
- How to Ask the Right Questions When Buying Insurance Policies?