Most of the confusion around insurance doesn’t happen at the point of purchase. It shows up years later, during a claim, when expectations don’t quite match what the policy actually allows. That’s why understanding the basics before you sign matters so much. A little literacy early on can make the difference between clarity and frustration later.
With rising medical costs and inflation, one might wonder if having one medical card is enough. Medical cards are used to help cover healthcare and medical expenses such as hospitalization and surgical costs, medications, doctor consultations, care providers, and sometimes dental expenses.
Life insurance provides financial protection for dependents if something happens to the policyholder. Essential for parents, individuals with dependents, business owners, and even some youths, it ensures that responsibilities like childcare, education, debt repayment, and business continuity are met. Learn who needs life insurance and why it matters.
Upgrading your health insurance policy offers enhanced benefits but comes with conditional rules you need to understand. From waiting periods and premium adjustments to grace periods and the importance of tailored coverage, this guide outlines five key considerations to help you make informed decisions about your insurance upgrade.
A deductible is the amount you must pay out of pocket before your insurance company contributes to the remaining balance. Common in health, car, and property insurance in Malaysia, deductibles influence both your policy's cost and the financial responsibility you share with the insurer. Learn how deductibles work, how they're calculated, and how choosing the right deductible can balance affordability and coverage for your insurance needs.
Bank Negara Malaysia (BNM) has acknowledged concerns over health insurance repricing strategies as rising medical costs and premiums strain policyholders' finances. With tough choices between higher premiums or reduced coverage, the coming months may see increased lapsation of policies, greater reliance on government healthcare, and an overburdened medical system. A sustainable resolution remains a long way off, leaving policyholders and regulators grappling with a complex and pressing crisis.
