Why should we buy Insurance compare to do own Savings?

save moeny

SAVINGS

Every month you do savings of RM200.

End of the year , total accumulated RM2400 + + (Including interest) (0.3% if in saving account  3% if in Fix Deposit, 7% if in ASB)

Assume the savings constantly up to 5 years. Amounting RM12,000 ++

Unfortunately, you are diagnosed for Cancer preliminary level which need RM50,000 for treatment cost

Thanks for your savings, you have RM12,000 but you still need RM38,000.

You have 3 options to fund the balance

  • Borrow

Family and friends will try their best to help you. But to borrow RM38,000 is near impossible unless your have a very rich relative.

  • Sell your assets

Your maybe have one or two assets which can be sold. But it takes at least 6 months to sell a house for example. If your assets still under bank’s loan, yet you cant sell it off.

  • Seek for Donation

Your saw on television, people seek  donation for themselves or their kids. Need money for surgery or treatment. If you are disable or really poor , you are qualified to seek donation under the television programme. But, you are income earner like executive in one big company, you will not getting any help by the donation programme because there are more needy people out there.

INSURANCE

Every month you do savings of RM200.

End of the year , total accumulated RM2400 + + (Including interest) (8%-9% in InvestmentLink or Takafulink plan )

In case something bad happen to you , death or total permanent disable , Sum Assured RM100,000 will be compensate to next of kin or to you. (Even you pay insurance just for one month which is RM200 )

Up to 5 years. Amounting RM12,000 ++

Unfortunately, you are diagnosed for Cancer preliminary level which need RM50,000 for treatment cost. Now Medical Card will cover all the cost for you. Limit RM500,000 per lifetime.

Plus, Rm20,000 compensation because diagnosed with one of the 36 critical illness.

Plus, when you been hospitalized, you will be receiving RM100 per day as hospital benefits.

If you unable to work and no money to pay your premium, Contributor plan will continue to pay it. As the result, you still receive Protection and your savings still continue growing until age 100.


12 responses to “Why should we buy Insurance compare to do own Savings?

  1. Hi, im interested to get one life insurance for my wife and I. Please do contact me back. I’ve emailed you.

    Thanks

  2. hello,i planning to get a insurance for my 4 months old baby.which plan is suitable?

  3. I want to have saving and health for my husband and I also my children. Which prudential is right for us

  4. Salam,

    Saya mempunyai insuran dgn company bekerja..
    My husband ada etiqa insuran without medical card..
    My kids (4) org CIMB aviva tapi without medical card..

    Dalam situasi begini apa yg perlu sya ambil dan boleh tolong kirakn quotationnya..

    tk

    • firdausprudential

      wslam,

      saya perlukan details mengenai etiqa insurans dan CIMB Aviva yang telah dimiliki. Supaya saya tidak proposed benefits yang sama, ini untuk mengelakkan you membayar benefits yang sama , end of the day not financially good.

      sila check emails. saya perlu berjumpa.

  5. im interested for saving please send quatation to me age 30 no smoke , no drink

    • firdausprudential

      i need more info please.

      1. Full Name
      2. Date of Birth
      3. Smoking or not
      4. Annual Income
      5. Contact Number
      6. Location
      7. Married/Single
      8. No of kids
      9. Occupation
      10. Travel a lot?

      sent it over to my email

  6. Dear sir, prudential is one of the most successful insurance company available in Malaysia.
    But for a teenager who is seeking into business world what advice would you give us?

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