Insurance Company Making Good Money

Like it or not, insurance companies in Malaysia are the most lucrative sectors in this country. Whatever kind of insurance that one's may like to subscribe with, from the normal general insurances, motor insurance, medical insurance or others.
One thing for sure, for those who are not familiar with insurances must take the initiative seriously to what kind of benefit you may get or may not get. At one time insurance can be consider a sort of force saving to ensure that you are covered due to many thing, but to know the rate of return in your investment (if you think that's force saving) is crucial, if not you are just giving your hard earn money for nothing.
Nothing come cheap with the insurance premium nowadays, rate differ from one insurance company to another. Most of the time customer sign up due to the strategies marketing and coaxing by the insurance sales people. Mostly don't really care the end benefit that you may get. To them regular payment by you is money to them in-term of commission and other perks.
Worst case scenario if you are not able to service your insurance within 3 months, your membership will be terminated some time without notifying you at all. It is good that you safe, but I would suggest you save and get prepared for any unforeseen circumstances, but ensure that you are able to get equitable return on your investment. Such as high rate of surrender value, good bonuses and as for life insurance with schedule return within specific time frame, so that if you wish to relinquish your membership you may be able to get your investment on a much reasonable percentage from your contribution over the years.
Medical card be careful, no insurance will notify you, if your card expire. You are dead duck...by the time you realize that your medical card is of no value, especially to the private hospital. Most insurance love this kind of careless contribution by the consumer. Pure money by thousand of ringgit from one individual...
Similarly, to this new guideline for foreign workers to pay insurance by their employer is another form of money making by the insurance companies....