For people, insurance is an important and available means of protecting themselves. Despite what many people say, to get insurance, you have to get commercial insurance first. But, the truth is that this is a misconception in the concept of insurance. People need protection throughout their life, not only your material possessions need insurance, but your body, and spirit are a precious possession that also need insurance protection. This will help you to cope with and avoid various risks that may occur in the future.
Despite all the advances in modern medicine, we are still at risk of developing many diseases. Even though the probability of this is low, when you have a health problem, the lack of a preparedness plan will cause you to lose your ability to live. This is where medical insurance policy Malaysia is important. It will help you cope with sudden health risks and any health problems that may arise in the future. However, there are many types of medical insurance policy Malaysia and each of them also corresponds to different problems and solutions. If you are looking forward for more information about affordable medical insurance policy Malaysia, the following articles will provide you with some of the most frequently mentioned and valued medical insurance policies.
Accidental Injury Insurance
This is an insurance product specifically designed for specific accidents, mainly to help people to be able to recover from the damages caused by accidental injuries. At present, the coverage responsibilities of accidental injury insurance mainly include the following aspects: compensation for death or disability caused by accidental injury to the insured person within a certain period of time, or payment of insurance benefits, etc.
Accidental injury insurance is divided into two types, namely accidental injury medical insurance and accidental injury comprehensive insurance, in which accidental injury medical insurance compensates the insured for the expenses paid for hospitalization or loss of income during treatment due to accidental injury, excluding outpatient expenses; while accidental injury comprehensive insurance compensates the insured for death or disability caused by accidental injury by providing the difference between the benefit amount and the benefit amount. The insurance liability includes both accidental medical expense compensation and comprehensive accidental injury insurance liability. This diversified insurance can provide sufficient financial support for most insured persons in case of an accident to ensure that they are adequately covered in case of an accidental injury.
Critical Illness Insurance
Many times, the impact of a serious illness on a person can be overwhelming. It can render the breadwinner of a family incapacitated in an instant. However, in this case, he has to provide for his children and elderly. This is undoubtedly a huge expense and burden for the entire family. Critical illness insurance is a good choice for those who are worried about this kind of problem.
Usually, for people with critical illnesses, this insurance can help with the financial burden of maintaining the family’s income during the illness and allowing loved ones to live with dignity. In addition, this insurance benefit can also help people with serious illnesses to have financial resources to provide for their livelihood after the serious illness.