Being an adult comes with many responsibilities, and some can be overwhelming. One of the most common topics that young adults avoid, is insurance. However, we are often advised by our elders to purchase insurance, especially after we receive our first paycheck. Why is insurance important, and what do young adults actually think about it?
We spoke to a group of people in their 20’s, and here are some common thoughts they have:
MEDICAL INSURANCE FROM AN EMPLOYER IS ALL YOU NEED.
“My workplace already gives me the best hospitalization plan in town. Why do I need my own?” – Jeya
- Your company’s group insurance is only good as long you are an employee there. Remember, getting your own policy at a later age could also mean higher premiums. So, start young. Having your own medical insurance on top of the one provided by your workplace is always better, as it provides you with an additional net of security. Read more about how group vs. individual policy differs here.
- There are many comprehensive medical insurance plans available in Malaysia. Figure out whether you need to get a basic medical protection or complement your current medical plan with additional coverage called riders: https://www.aia.com.my/en/our-products/medical-protection.html