The cost of living is getting higher and higher as the world spins on. With the sheer amount of commitments and expenses one has, it’s no wonder that we feel wary of spending any more than we absolutely need to. However, there’s an alarming rate of young adults in our country who are without insurance. It is absolutely a necessary expense to buy insurance policy for young adults Malaysia. You might be young and healthy now with no children under your care but that won’t always be the case. We must think ahead and prepare for any eventualities that might occur.
Here are some things you will be risking by not purchasing an insurance policy as soon as you can.
Huge hospital bills
If you don’t have any insurance, you better hope and pray that you don’t end up in some horrible accident. If you’re unlucky and you wind up in one, you’d have to pay through the nose for healthcare. You will most likely end up in debt. With insurance, this problem is solved as your hospital bills will be taken care of or at the very least a big part of it will be. It’ll save you hundreds of thousands of ringgit, depending on the severity of your injuries. Remember, accidents can happen to anyone and they’re more common than you think. So why take the risk?
Missing out on a better insurance plan
As you age, it becomes more difficult to secure the best insurance plans out there. This is because the older you are, the more susceptible to illnesses you become and the more you are seen as a liability by insurance companies. You will either have to settle for a mediocre insurance plan or pay an extremely expensive premium. A premium is an amount periodically paid by the insured to the insurer for covering his or her risk. As an older person buying insurance, you are seen as having a higher risk. Younger people get to enjoy cheaper premiums and better insurance plans so get them while you’re young!
Increased stress
Going through life without an insurance plan poses a high risk. This risk will materialize itself as stress that will plague you for the rest of your life. Even doing simple things like driving or traveling will stress you out as misfortune could be right around the corner. In fact, most countries have laws in place that necessitates every tourist to at least have travel insurance. Knowing that you have insurance allows you to be at peace as you know you’re covered should anything happen. Ironically enough, being uninsured poses a high risk of you contracting diseases from all the stress that it would bring. Take care of your mental health and get yourself insured today!
These are only a few of the reasons why having no insurance policy in place is just not worth the risk. Nowadays, being insured is no longer a want but a definite necessity. Stop delaying and buy insurance policy for young adults malaysia today.
