Should We Get Insurance or just Savings?

SAVINGS

Every month, you saves RM200 into your saving account.
End of the year , total accumulated RM2400 plus some interest (about 0.1% for saving account or 2.5% if in Fix Deposit)
Assume the savings constantly up to 10 years. Amounting RM24000 plus interest

Unfortunately, if you are diagnosed with Cancer, you will need about RM 100000 for treatment cost
Thank god because you have your savings for your savings, but you still short of RM 76000.
Generally, you have few options to fund the balance

• Borrow from parents, relatives and friends
  

Family and friends will try their best to help you. But to borrow RM76000 is near impossible unless your have a very rich parents/relative.

• Sell your properties
  

If you are unable to borrow such amount of emergency cash, you may have to sell some of your properties. But it takes at least 6 months to sell a house for example and the worst is if your assets are still under bank’s loan, you have no authority to sell it off. If you have funds or share or even land and properties, you may need to sell it off at low price. Remember, no one will pity you. They will just slaughter you pressing you to the lowest price! Remember too, cancer spread a few times faster than the period you need to liquefied your assets!

• Seek for Donation

Ask for donation on television, newspaper or even emails hopefully someone will pity you and help you out. If you are disable or really poor , you are qualified to seek donation under the television program. But, there are so many people seeking for donations. When will be your turn?

SAVINGS ARE GOOD**! BUT WE NEED INSURANCE FIRST..SCROLL DOWN TO FIND OUT WHY!

**GOOD IF YOU ARE GUARANTEED FREE FROM ILLNESSES/TRAGEDIES

Insurance (Case study for a male ING policy holder age 25 years old , non smoker)

Every month, you saves RM200 (depends on age, occupation and gender) into insurance company.

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Benefits you get are:

• Basic sum assured: RM100k++ protection on death, total permanent disabilities and critical illness

• Medical card:

1. Room and board limit: RM 180
2. Annual limit: RM 100k
3. Lifetime limit: RM 300k
4. No co-insurance! No need to pay for service tax!
   
5. Outpatient cancer treatment and kidney dialysis treatment: As charged subjected to Annual limit and Lifetime limit
   

• Death claim: RM100k++ + RM 5k funeral expenses

• Critical illness claim: RM 100k++ + RM 12.5k Extra term coverage

• Savings

1. at age 55: RM 100k
2. at age 65: RM 175k
3. at age 85: RM 535k

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ING COVERS YOU WHEN YOU ARE ILL!

Unfortunately, if you are diagnosed with Cancer, you will need about RM 100000 for treatment cost!

Medical card pays in FULL for the cancer treatment cost! Yet, you are still eligible for RM 200 000 medical expenses in the future!

Besides that, you will get RM 100 000++ to replace your income while you are strike cancer.

ING REWARDS YOU IF YOU STAY HEALTHY !

If you stay healthy and claimant are not made, you are able to get back your saving plus interest!

Example:

1. at age 55: RM 100k or
   
2. at age 65: RM 175k or
   
3. at age 85: RM 535k

So, take your action now!