The Best In Asia

The Best In Asia

Tuesday, 24 March 2015

Company Insurance vs Personal Insurance

Met an old friend of mine today. Used to work under the same company with him way back in 2001, in Damansara Jaya area. We also played football together as a team.
I spent my lunch time with him at Rooftop Food Court in Central Market,KL.

Few stories came out, until a point when he asked me of the insurance sector I had involved in.
He is now 45 years old. And he has no Medical Card in his current insurance plan?!

I shared with him the importance of having an insurance policy with a Medical Card. His current company is covering him with company's insurance policy (whereby medical cost is paid by the company), which he feels that it is okay not to have a personal insurance plan in hand.

My response is very simple;
Yes your company is covering you now. Assume you retires at 55 years old. At 56 years old, you suffers a heart attack sickness & the cost is RM50,000.

Who is going to pay the bill(medical cost) at that time?


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