You Must Be A Fool To Be Buying An Insurance In Malaysia!

“You’re stupid lah, who will buy insurance in Malaysia one?” Now, we’ve heard of that quite often from our friends, family, relatives, don’t we?

Honestly speaking, most of us (including me) have even ‘turned our backs’ on insurance agents, knowing that they’re gonna sell us something. Okay, yeah well we might be looking into the commissions and stuff, but that’s how we live on.

However, stop just for a moment there, and think. Apart from being sarcastic about ‘agents’, what’s IN THERE for, what can you really get from buying an insurance in Malaysia?

Now we’re talking… Let’s see:

1) Family income

This is the priority of all, I’m sure you should know by now that, whatever you’ve been working so hard on – “You can’t take it with you”. Touch wood, say something happened to you, and you’ve lost your earning capability, or partly, who suffers?

Your family.

However, with insurance in Malaysia, there’s always a way to guarantee that they’ll never have to sacrifice the standard of living, whether you’re there or not.

2) Education Funds

Second thing is the upbringing of a child. I’m sure, you’ll want to best for your kids, and if you’re not super wealthy, I’m willing to bet that your children’s college and uni funding is your top 3 concerns.

Just think for a moment, if costs continue to rise (it most probably will), an annual fee to a university could exceed 2 x the current charges! With insurance, where your child’s education is almost guaranteed, you have nothing to lose!

3) Emergency Funds

The kitchen caught fire. The roof starts leaking. Your car caught in an accident. Call me blunt, I’m not cursing you, but these are the possibilities that could happen on you, me or anybody!

What if you’re not prepared for all these? What if you don’t have sufficient funds to cover all, or just one of these?

Do you leave it there, and wait til you earn enough money to get it fixed? This issue itself is worth pondering.. Think about it. Buying an insurance in Malaysia doesn’t sound THAT bad now, does it?

4) Retirement Resources

Okay, you might not be THAT old. But say you’re one of them that are almost retiring 10 years later, you might want to start figuring out how much money you will have, then think about buying a life insurance to get more out of it.

I know, I know, retirement pensions, or company bonuses are nice, but are they enough? What kind of lifestyle you’d want after you retire? Are you planning to depend on your children? Or living in an old shack counting your ‘notes’ to make sure you can strive til you’re dead, everyday?