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| Beneficial Life Agency |
| Service. Value. Protection. |
| Your Health ... Your Wealth |
| Now more than ever, people risk losing their savings to the high cost of medical care. As healthcare costs escalates each year, the painful reality is that few people can afford healthcare without insurance. Because the best healthcare can come at a staggering cost, it is important to ensure you have sufficient funds and protection for that unexpected illness or hospitalization. |
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| The Financial Threats |
| 1. Hospital charges today easily ranges from Rm 5,000 for a simple procedure to Rm 150,000 for the cost of treating tmajor diseases/illnesses. And the costs continue to rise because of inflation. 2. Serious illnesses and life-threatening diseases are on the rise. This is evidently clear in cases such as heart diseases, diabetes, stroke and cancer. At the launch of The National Stroke Association of Malaysia's book entitled "Understanding Stroke" in April 2007, it was reported that 6 stroke victims are hospitalized every hour, making it 144 a day. This is an astounding increase of 300% in just over a year. 3. Good health is not permanent. We may be enjoying good health today but will our health remain the same 5 or 10 years down the road? 4. Do you know Malaysians are living longer and risk outliving their savings because of medical expenses? Old age means more health related problems. Health complaints requiring operations often leave them with huge bills they can ill-afford in retirement. Also, most Malaysians may face retirement without any form of medical coverage. 5. The latest procedures and the newest medicines and equipments are staggeringly expensive. Gene therapy, for example, is an experimental technique that uses genes to treat or pevent disease. However, the cost may be prohibitive at the present moment. |
| Self Responsibility |
| It is undeniable that nothing is more important that our health. We would also want to always have the assurance of accessing quality healthcare to maintain our good health. Because healthcare decisions are too important to be left to chance, we need to take self responsibility and plan now. For if we don't meet that responsibility by planning now, we may not be able to live with dignity and there will always be the fear that we will have to depend on somebody for our basic needs. |
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| Find out at what age your cover will expire - the longer the better. Most insurers don't offer any new medical applications once you have crossed age 60. |
| Insurability. Apply for the maximum coverage you can afford now because : a) You never know when your health will change. Insurance companies won't offer any upgrade in plan if your health deterioriates |
| SMART Tips |
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| Ensure that your medical plan is guaranteed renewable. Look at the lifetime limit to see if it's adequate. |
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| Inflation. Anticipate that inflation will result in higher medical care in the future. Review and adjust your coverage limits accordingly |
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| Co-insurance. Check to see if you have to bear a portion of any medical charges, and if so how much. |
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| Personal |
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| Critical Illness |
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