Wednesday, October 29, 2008
Do We Really Need Medical Card?
Do We Really Need Medical Card?
I’m sure that everybody must possess their individual medical card. This is due to that the medical expense is rising from time to time. Why does people throng in Government Hospital instead of Private Hospital when they need hospitalization? THIS IS BECAUSE THEY DON’T HAVE THEIR OWN MEDICAL CARD WHICH MAY PAY UP THE MEDICAL EXPENSES FOR THEM. As a result, they can only stay in GH and sometimes for certain particular operation, they need to wait and queue which due to lack of equipment, surgeons or even medicine. This sometimes post risk and danger to their life especially for some emergency or critical sicknesses.
WE BUY MEDICAL CARD NOT BECAUSE WE ARE GOING TO HOSPITALIZE, BUT IS TO MAKE ADVANCE PREPARATION IN THE EVENT OF HOSPITALIZATION. And with the medical card, we have already transfer our risk to the Insurance Company or relevant institution. I can say 90% of our risk is transfered to them. At my opinion, everybody must have their own medical card. Do you think you can settle your own medical bills which cost RM20,000 yourself using CASH? Even you have it, have you think how long you need to save to get this amount? So, sakit hati right to spend all your saving just because of a single accident? So, we always say wise people always use the money in the others pocket instead of using their own money.
So, better to get one before is too late. And you must get a MODERN medical card instead of traditional one. This is because MODERN one have CASH VALUE, FLAT PREMIUM, INCLUDE WITH LIFE PROCTECTION (DEATH, DISABILITY AND DISEASE). If something bad happen, you get reimbursement for it, if nothing happen, all the premium you paid is your saving or retirement fund. For this MODERN type, company cannot reject the renewal of your policy at each anniversary year. In the traditional one, company may reject to insure an individual after taking into consideration of its previous year medical record or impose extra premium on it. Meanwhile, the PREMIUM WILL RISE ACCORDING TO AGE for traditional type. So, still waiting for what?
GET YOUR PRUDENTIAL BSN MEDICAL CARD NOW
• IF ONE DAY YOU CAN’T BRING HOME THE INCOME
PLEASE, PLEASE DON’T BRING HOME THE BURDEN
Why Medical Card?
Do We Need Medical Takaful?
Like road accidence, we unconsciously believe that bad things would never happen to us. That’s why we feel reluctant to opt for medical insurance or takaful. We are lucky that transportation insurance is mandatory. If not, I wonder how many of us will buy such insurance. Here I found a nice reading about medical insurance. It may sound biased as the blog is about insurance but just take it as an insight of what we have not carefully thought about.
First of all, do you know that a medical and health insurance policy is generally designed to help you cover the cost of private medical treatment such as cost of hospitalisation and healthcare services, if you are diagnosed with covered illnesses or have had an accident.
Just imagine the cost of not having any health insurance. If you are involved in an accident, or contract a serious illness, you have to pay the hospital bills from your own pocket. Prior to admitting to certain private hospitals, you would also have to pay a deposit. If your family members, i.e. your spouse or children, get seriously ill or hurt, the medical costs can lead to a total depletion of your savings. In some cases, it may even cause bankruptcy!
Another reason is that your family will have to opt for public health care facilities, and wait in line with hundreds of other patients. Besides that, you still have to pay for expensive operations that are not covered under public health care.
I want to relate to you a true story which happened last night. I was frantically trying my best to assist my client to see which hospital had neurosurgeon facility and would accept an seriously injured accident victim from another hospital.
You see, last night my client’s uncle was involved in a very bad motorcyle accident and was immediately rushed to a public hospital. Due to the severity of the injury, a neurosurgeon was required but unfortunately that particular hospital did not have the necessary facilities. My client was left in a dilemma. Her uncle was already admitted to the hospital but nothing could be done at the moment because the hospital did not have neurological facilities.
You might ask, why wasn’t the injured sent to a hospital which had the necessary facility in the first place? Well you see, her uncle did not have any insurance medical card. Fees at private hospital as you know are costly and the expenses might be too much for the family to bear. Therefore the family had no choice but to send the injured to a public hospital. For this case, the family did not expect that certain facilties were not available at public hospitals.
Sad to say, that in such a time where life or death is at hand, the family was ’stranded’ in a hospital where the required facility was not available. There was also a tricky situation where once the injured was admitted to a particular hospital and if the family wanted to send the injured to another hospital, the attending doctor at the current hospital was required to call the hospital to inform of the injured’s current situation. Once the hospital accepts the injured’s condition, only then can the injured be transferred to the new hospital.
Can you imagine how much time was wasted to settle this, when at the beginning if the injured had a medical card, he or she would have been immediately sent to the best hospital available and operated on at once!
I believe I need not have not stress anymore on the importance of medical insurance. For those of you who have good health and still do not have medical insurance, go and get a medical card for yourself. Get yourself protected! For those who already have a medical card, well done! You have done something good for yourself.
So..You Have A Reason Not To Cover Yourself
So..You Have A Reason Not To Cover Yourself
In almost every family, there is a principle breadwinner, somewhere whose source of income sustains the lifestyle of those living within the circle. This blog is penned with this important in mind.
Put yourself in the shoe of your family members and then ask “How much should I
insure to cover all the essential my family needs?”
So read passionately; act wisely - for it is your family’s wellbeing that is at stake!
BEST OF LUCK!
So you have a reason for not cover yourself?
hmmm….lets check them out and reviewing your needs…
As you browse this blog, it is hoped that you will find somewhere a sound reason, a meaningful purpose or noble motive to get yourself insured. Each of the inside page provides a different perspective of insurance need.
They furnish you in simple terms of compelling grounds for immediate action to protect loved ones through life insurance - to even change your mind if you had earlier thought you don’t need it, hate it, dont trust it or in no hurry to buy it.
If you feel my words are acceptable and can touch your heart or make you laugh, please feel free to leave a comment.
I have enough saving
What is the purpose of your saving? For your retirement? For whom do you wish to receive your money finally? Your family? Or doctors? Think again!
One serious illness or mishap could wipe out a lifetime of accumulations. Without medical or life insurance, you could be saving money to pay your final expenses and nothing for your family! Medical bills, legal bills and funeral expenses, just to name few items, will eat into your wealth accumulation and reduce the pile your have saved. Who will bear these costs after you are gone? (No offense intended) but the ‘real recipient of your savings could be your doctor, lawyer or the funeral directors!
TAKAFUL money can defray such expenses and help you preserve the value of the estate your have built. In short, life insurance protects the asset created through your savings! Save with other vehicles by all means, but put enough into life insurance.
Takaful is expensive?
Let me put the cost of life insurance in perspective. The amount of insurance (sum assured) only cost 2-4 cents for every RM. Yes! Only 2-3% a year! For a RM100, 000 policies, it only cost you less than RM2, 000 annually. Death/Illness can immediately swells your estate by RM100, 000 or more instantly.
“But I may live till ripe old age!” you may counter. Well, there is no loss. If nothing happens to you (say after you retire), the insurer will return your money - saving.
Basically, Takaful insurance is like a flip of coin product - ‘head (death) you win big; tail (maturity) you win small’. You win both ways! In this perspective, we may even say life insurance cost nothing at the end. There are no financial instruments can protect you financially in a more efficient manner like this!
I don’t need life insurance
Is it real or just your perception?
If you have no dependents or possess a reliable alternate source of income, then your statement has some merit - at least for now until circumstances change.
For most people, it is not likely to have no insurance need. And here comes the dilemma - You can only buy life insurance when you DON’T NEED IT! When you need it, it is probably too late.
It should bear on you that your life revolves around your income which provides for everything. For most people, their only income comes from their job or business. This is what keeps their families financially secured. If this represents your situation than life insurance is clearly needed - not just to protect you financially (in case total and permanent disability or critical illness strikes you down) but also to protect your loved ones from destitution (if you as the breadwinner dies).
If you have clear needs, have the good sense to take up an insurance programmed.
I will wait for a while
Many things in life we can wait, but Takaful insurance should not be the one of them if you need protection now!
Why? When you wait, your family stands at risk…too much at stake considering your family’s wellbeing is a top priority item.
No one live forever. We all have a mortality sword hanging over our head which can drop anytime…and this sword becomes heavier as we grow older. The chance of dying or getting disabled increased with age. As your risk increased so will the cost of life insurance. So, it is cheaper to buy early.
That’s why, don’t wait! Get insured so that you can go forward in life with peace of mind.
I don’t trust Takaful insurance agent
To generalize that every agent is untrustworthy is neither fair nor useful. There are plenty of insurance agents who can serve you in a professional manner. All you have to do is choose carefully.
Like most people, you will need some form of life coverage. Focus on your NEEDS as this is the real issue for you! If your concern is the quality of advice, check around for a good reliable agent. Get one who is qualified and has a good track record. You do have friends who are satisfied with the service of their insurance agents, so get them to refer you to one who has proven to be professional. The insurance agents are only a middle man who stands between your problems and the solution to your problems.
Life insurance gives lower return
Takaful insurance is principally a protection device.
One must cognize that while the insurance cash value provides modest return, no other investments can provide a return of a capital sum many times the amount invested. It pays at the time when a large amount of money is needed most - at the time your sudden expiration! It captures the human life values lost what a person dies or become disabled permanently and totally, something no other investments can perform!
In any case, you are not putting all your money in Takaful insurance, only a small amount. After insuring yourself, the rest of your money can be put into high yielding investments or in the bank (for liquidity purpose) if that’s appropriate for your situation.
Takaful insurances is just a financial foundation, like the foundation of a building, it must be strong to support other financial initiatives. It is a very important base that should be put in places before other investments are considered!
I have no interest in life insurance
Takaful insurances have never been a popular topic for most people. In fact, it is widely considered an ‘unsought’ product by marketers.
So why should you be interested in life insurance? Because your future matters! Your family’s financial wellbeing matters! Because they matter, life insurance matters, even if you have no interest in it now.
If you feel a need that requires the life insurance solution, how you feel about it is no longer relevant. The relevant and important issues are the process of dispensing your responsibility, love and care for your family members in case they suddenly lose you. It is their interests and not your interest matter anymore.
Like a red rose, a life policy symbolizes your deepest love to those closet to your heart.
I already insured
Hey! It is a good start..at least you have a financial ‘helmet’ on your head!
But time changes many things including your financial needs. If your needs has increased, so will your need for more coverage.
Have you checked the thickness of the financial helmet recently? If the helmet is too thin, the consequence can be just as dire as having no helmet. Get professional to perform a review of your risk situation and determine the “thickness” that your financial helmet should be.
Check on a regular basis to ensure the amount of insurance is sufficient to cover cash and income replacement needs should your family loses you unexpectedly.
If your needs have grown, check your current coverage. If the insured amount is still sufficient, fine; if not, you may need to top-up!
I’m still young
This is the best time to buy!
The younger you are, the more ‘potential income’ you have, i.e. money you will earn over the years if you live. That’s more at risk!
There is also no guarantee that younger means you will not stop breathing midway of your normal lifespan. You are mortal. Accident recognizes no age group. Dread disease respects no one. A lower probability event you may think, but still there are young people of your age group dying in the world everyday.
There are also clear advantages to buy life insurances when you are young. It cost less and you are likely to get preferred rate because of your health conditions. Waiting can reverse the situation. The price goes up and you may become uninsurable.
I will ask my wife
It is good to consult your wife for most issues, but for life insurance she may not be the right person.
Many people missed this point and his family end up in misery. Firstly, your wife is not trained in insurance matters and is thus not in a position to assess the family’s insurance needs. And as long as you are around and providing for the family, why would your wife think of needing insurance money? Furthermore, how many wives would openly ask their husband to insure without feeling bad? Look, life insurance is linked to death - your death, not something a wife would like to think and discuss on.
The right person to ask is your ‘future widow’, which unfortunately you can’t as you won’t be around by then. Put yourself in a widow’s shoe. How many widows you know do not need extra money? So don’t ask your wife - you know enough to decide. And it is your responsibility to provide; not hers!
I’m not married yet
The best time to start a life insurance programmed is when you are not burdened by heavy family obligations. Below are some rationales to buy now.
The premiums are cheaper as you are younger. Waiting will increase the premiums for the same amount of insurance. You have more spare cash and fewer obligations. Even if you remained unmarried, you may have dependents such as your aged parents. Moreover, you will need a replacement income in case of disability or critical illness.
Future insurability is not guaranteed - a point you should note! Buying now ensure that when the family obligations finally arrive, you are well protected, even when you are uninsurable. Starting early could mean more protection for the same premium outlay. The bonuses over the years would have swelled your protection with no additional costs. Another advantage of early is the policy builds up cash values to meet emergency situation. The policy cash value will act as a reserve fund in case you cannot settle the premiums due to temporary financial constraints. It can also provide immediate loans for other uses.
I may not afford the premium
If you have clear financial needs, budget and get insured!
Future premium payments may be a concern, but that can be worked out through proper budgeting which would include a forecast on your future earnings. Isn’t this the same rationale we used in deciding to buy house or to get married?
Modern life insurance has considered this concern and has countered it somewhat with the inclusion of the automatic premium loans (APL) and paid-up features in policies. With these features, a policy with sufficient cash value will not lapse until the cash value is extinguished. Alternatively, it can be made paid-up. You should get an takaful adviser to explain these features to you.
If you can afford the premiums now, the smartest thing you could do is to start early and the build-up of the policy cash value will ensure your family is protected in later years even when the premiums are not paid because you are temporarily in a tight spot financially!
I have many Takaful insurance agents
Have any of these friends ensured your risks are covered? Friendship doesn’t protect; life insurance does!
Your family’s exposure to the financial risk of losing you still exists. Your exposure to incomes losses due to disability is still there. It is only by getting adequately insured that really matter.
The thinking question is “Am I insured or have I reviewed my risk situation professionally?” If not, the wisest thing to do immediately is to make an appointment with professional risk adviser, him examine your situation and advise you on what to be done.
PLEASE REMEMBER
This decision can make a difference to your family of having a desired lifestyle or plunging into destitution when you are gone!
In almost every family, there is a principle breadwinner, somewhere whose source of income sustains the lifestyle of those living within the circle. This blog is penned with this important in mind.
Put yourself in the shoe of your family members and then ask “How much should I
insure to cover all the essential my family needs?”
So read passionately; act wisely - for it is your family’s wellbeing that is at stake!
BEST OF LUCK!
So you have a reason for not cover yourself?
hmmm….lets check them out and reviewing your needs…
As you browse this blog, it is hoped that you will find somewhere a sound reason, a meaningful purpose or noble motive to get yourself insured. Each of the inside page provides a different perspective of insurance need.
They furnish you in simple terms of compelling grounds for immediate action to protect loved ones through life insurance - to even change your mind if you had earlier thought you don’t need it, hate it, dont trust it or in no hurry to buy it.
If you feel my words are acceptable and can touch your heart or make you laugh, please feel free to leave a comment.
I have enough saving
What is the purpose of your saving? For your retirement? For whom do you wish to receive your money finally? Your family? Or doctors? Think again!
One serious illness or mishap could wipe out a lifetime of accumulations. Without medical or life insurance, you could be saving money to pay your final expenses and nothing for your family! Medical bills, legal bills and funeral expenses, just to name few items, will eat into your wealth accumulation and reduce the pile your have saved. Who will bear these costs after you are gone? (No offense intended) but the ‘real recipient of your savings could be your doctor, lawyer or the funeral directors!
TAKAFUL money can defray such expenses and help you preserve the value of the estate your have built. In short, life insurance protects the asset created through your savings! Save with other vehicles by all means, but put enough into life insurance.
Takaful is expensive?
Let me put the cost of life insurance in perspective. The amount of insurance (sum assured) only cost 2-4 cents for every RM. Yes! Only 2-3% a year! For a RM100, 000 policies, it only cost you less than RM2, 000 annually. Death/Illness can immediately swells your estate by RM100, 000 or more instantly.
“But I may live till ripe old age!” you may counter. Well, there is no loss. If nothing happens to you (say after you retire), the insurer will return your money - saving.
Basically, Takaful insurance is like a flip of coin product - ‘head (death) you win big; tail (maturity) you win small’. You win both ways! In this perspective, we may even say life insurance cost nothing at the end. There are no financial instruments can protect you financially in a more efficient manner like this!
I don’t need life insurance
Is it real or just your perception?
If you have no dependents or possess a reliable alternate source of income, then your statement has some merit - at least for now until circumstances change.
For most people, it is not likely to have no insurance need. And here comes the dilemma - You can only buy life insurance when you DON’T NEED IT! When you need it, it is probably too late.
It should bear on you that your life revolves around your income which provides for everything. For most people, their only income comes from their job or business. This is what keeps their families financially secured. If this represents your situation than life insurance is clearly needed - not just to protect you financially (in case total and permanent disability or critical illness strikes you down) but also to protect your loved ones from destitution (if you as the breadwinner dies).
If you have clear needs, have the good sense to take up an insurance programmed.
I will wait for a while
Many things in life we can wait, but Takaful insurance should not be the one of them if you need protection now!
Why? When you wait, your family stands at risk…too much at stake considering your family’s wellbeing is a top priority item.
No one live forever. We all have a mortality sword hanging over our head which can drop anytime…and this sword becomes heavier as we grow older. The chance of dying or getting disabled increased with age. As your risk increased so will the cost of life insurance. So, it is cheaper to buy early.
That’s why, don’t wait! Get insured so that you can go forward in life with peace of mind.
I don’t trust Takaful insurance agent
To generalize that every agent is untrustworthy is neither fair nor useful. There are plenty of insurance agents who can serve you in a professional manner. All you have to do is choose carefully.
Like most people, you will need some form of life coverage. Focus on your NEEDS as this is the real issue for you! If your concern is the quality of advice, check around for a good reliable agent. Get one who is qualified and has a good track record. You do have friends who are satisfied with the service of their insurance agents, so get them to refer you to one who has proven to be professional. The insurance agents are only a middle man who stands between your problems and the solution to your problems.
Life insurance gives lower return
Takaful insurance is principally a protection device.
One must cognize that while the insurance cash value provides modest return, no other investments can provide a return of a capital sum many times the amount invested. It pays at the time when a large amount of money is needed most - at the time your sudden expiration! It captures the human life values lost what a person dies or become disabled permanently and totally, something no other investments can perform!
In any case, you are not putting all your money in Takaful insurance, only a small amount. After insuring yourself, the rest of your money can be put into high yielding investments or in the bank (for liquidity purpose) if that’s appropriate for your situation.
Takaful insurances is just a financial foundation, like the foundation of a building, it must be strong to support other financial initiatives. It is a very important base that should be put in places before other investments are considered!
I have no interest in life insurance
Takaful insurances have never been a popular topic for most people. In fact, it is widely considered an ‘unsought’ product by marketers.
So why should you be interested in life insurance? Because your future matters! Your family’s financial wellbeing matters! Because they matter, life insurance matters, even if you have no interest in it now.
If you feel a need that requires the life insurance solution, how you feel about it is no longer relevant. The relevant and important issues are the process of dispensing your responsibility, love and care for your family members in case they suddenly lose you. It is their interests and not your interest matter anymore.
Like a red rose, a life policy symbolizes your deepest love to those closet to your heart.
I already insured
Hey! It is a good start..at least you have a financial ‘helmet’ on your head!
But time changes many things including your financial needs. If your needs has increased, so will your need for more coverage.
Have you checked the thickness of the financial helmet recently? If the helmet is too thin, the consequence can be just as dire as having no helmet. Get professional to perform a review of your risk situation and determine the “thickness” that your financial helmet should be.
Check on a regular basis to ensure the amount of insurance is sufficient to cover cash and income replacement needs should your family loses you unexpectedly.
If your needs have grown, check your current coverage. If the insured amount is still sufficient, fine; if not, you may need to top-up!
I’m still young
This is the best time to buy!
The younger you are, the more ‘potential income’ you have, i.e. money you will earn over the years if you live. That’s more at risk!
There is also no guarantee that younger means you will not stop breathing midway of your normal lifespan. You are mortal. Accident recognizes no age group. Dread disease respects no one. A lower probability event you may think, but still there are young people of your age group dying in the world everyday.
There are also clear advantages to buy life insurances when you are young. It cost less and you are likely to get preferred rate because of your health conditions. Waiting can reverse the situation. The price goes up and you may become uninsurable.
I will ask my wife
It is good to consult your wife for most issues, but for life insurance she may not be the right person.
Many people missed this point and his family end up in misery. Firstly, your wife is not trained in insurance matters and is thus not in a position to assess the family’s insurance needs. And as long as you are around and providing for the family, why would your wife think of needing insurance money? Furthermore, how many wives would openly ask their husband to insure without feeling bad? Look, life insurance is linked to death - your death, not something a wife would like to think and discuss on.
The right person to ask is your ‘future widow’, which unfortunately you can’t as you won’t be around by then. Put yourself in a widow’s shoe. How many widows you know do not need extra money? So don’t ask your wife - you know enough to decide. And it is your responsibility to provide; not hers!
I’m not married yet
The best time to start a life insurance programmed is when you are not burdened by heavy family obligations. Below are some rationales to buy now.
The premiums are cheaper as you are younger. Waiting will increase the premiums for the same amount of insurance. You have more spare cash and fewer obligations. Even if you remained unmarried, you may have dependents such as your aged parents. Moreover, you will need a replacement income in case of disability or critical illness.
Future insurability is not guaranteed - a point you should note! Buying now ensure that when the family obligations finally arrive, you are well protected, even when you are uninsurable. Starting early could mean more protection for the same premium outlay. The bonuses over the years would have swelled your protection with no additional costs. Another advantage of early is the policy builds up cash values to meet emergency situation. The policy cash value will act as a reserve fund in case you cannot settle the premiums due to temporary financial constraints. It can also provide immediate loans for other uses.
I may not afford the premium
If you have clear financial needs, budget and get insured!
Future premium payments may be a concern, but that can be worked out through proper budgeting which would include a forecast on your future earnings. Isn’t this the same rationale we used in deciding to buy house or to get married?
Modern life insurance has considered this concern and has countered it somewhat with the inclusion of the automatic premium loans (APL) and paid-up features in policies. With these features, a policy with sufficient cash value will not lapse until the cash value is extinguished. Alternatively, it can be made paid-up. You should get an takaful adviser to explain these features to you.
If you can afford the premiums now, the smartest thing you could do is to start early and the build-up of the policy cash value will ensure your family is protected in later years even when the premiums are not paid because you are temporarily in a tight spot financially!
I have many Takaful insurance agents
Have any of these friends ensured your risks are covered? Friendship doesn’t protect; life insurance does!
Your family’s exposure to the financial risk of losing you still exists. Your exposure to incomes losses due to disability is still there. It is only by getting adequately insured that really matter.
The thinking question is “Am I insured or have I reviewed my risk situation professionally?” If not, the wisest thing to do immediately is to make an appointment with professional risk adviser, him examine your situation and advise you on what to be done.
PLEASE REMEMBER
This decision can make a difference to your family of having a desired lifestyle or plunging into destitution when you are gone!
CAREER WITH US
Prudential BSN Takaful Berhad
Prudential BSN Takaful Berhad (PruBSN) is a partnership between Prudential Holdings (Prudential) and Bank Simpanan Nasional (BSN). Both partners are well-trusted brand names.
Prudential bring to the partnership strong global credentials and substantial experience in insurance and BSN is a well known and respected financial institution under the Ministry of Finance.
As a rapid growing Islamic Financial Services provider, we are looking for qualified, dynamics and result-oriented individuals to join our team for the following position:
Islamic Financial Executive
Responsibilities:
• To Develop and execute sales strategies.
• Identify and develop new business opportunities.
• Promote and provide sales support to customers
Requirements:
• Under 26
• Fresh Graduates are encourage to apply.
• Degree/Diploma in Marketing, Business Management or related field.
• Proficient in Bahasa Malaysia and English
• Possess passion for sales and eagerness to succeed and seeking high rewarding.
• Able to work independently as well as with a team.
• Resourceful, creative & initiative.
• Outgoing personality, friendly, pleasant and cheerful.
• Applicants must be willing to work in any state in Malaysia
• Full time / Part time positions available now.
• Applicants should be Malaysian citizens.
SHAMSUL SHA'ARI & ASSOCIATES
SHAHBINA BIN AHMAD
019-379 3729
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