Can you afford to fall ill - Reloaded?

What a good question to ask. Either for yourself or to your love one. Rising inflation without salary increment at this stage of life posted a new challenge to every individual. RM1 today can buy you 5 sweets, RM1 tomorrow can only buy you 2 sweets-basic economic illustration. Likewise, medical expenses is rising every year with continuing advances in medical technology, existence of new treatments, new procedures and drugs prescription being developed. At this time, global economic crisis, retrenchment occurred, relocation and pay cut as well as no bonus pay out with rising medical expenses would inevitably become an anxiety of most people. With that, what should your role be to secure that possible day?

A portion of the funds for healthcare need to be sat aside if you are planning to utilise the public healthcare system. Generally, Malaysians have insufficient funds set aside for medical expenses. This is not kidding. Don't ever think Malaysia is still remains the cheapest place to live in. Try to include your future medical bills, your child education funds, parent medical expenses and your own retirement funds that you have to fund it all by your own. Then you will know what I am trying to state.

Accordingly, what should be your next step? Insured yourself with Hospitalisation and surgical insurance (HSI) and wholelife policies. The HSI will cover hospitalisation costs and outpatatient treatment while your wholelife policies will provide a sum that can be used for nursing care, home care or even funds to go overseas for treatments.