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Benjamin Franklin, in a letter he wrote, painted a very morbid and bleak picture of our lives when he said that “In this world, nothing can be said to be certain, except death and taxes.” Yet, it’s difficult not to see the truth in those words.
But just because none of us will live forever, doesn’t mean that we should take being protected for granted. With ever rising medical costs and dire health statistics among the Malaysian adult population, having a comprehensive insurance coverage becomes extremely vital.
If you’re of the mindset that insurance is a luxury rather than a necessity, then you may want to think again because these five factors could potentially make it really difficult for you to obtain the protection you need the longer you wait…
#1 Age
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The older you get, the more susceptible you are to illnesses which makes you, in the eyes of an insurer, a person of higher risk, which may translate to either lower coverage or higher monthly premium. If cost is a factor for you then it’s definitely a good idea to start young.
#2 Family history
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Unfortunately, having a family history of hereditary diseases such as diabetes can also make it more difficult for you to get the insurance protection you need. But, as is the case with age, taking up an insurance policy at a young age increases the chances of your application being approved.
#3 Profession
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Not all jobs are created equal as evidenced by the amount one can earn doing them. But with some jobs, higher returns equal higher risks. A job that exposes you to dangerous machinery or chemicals for example, may result in you having to pay higher premiums.
#4 Hobbies
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Having a hobby is a great way to relax, improve yourself, and maybe meet new people. But, for the purpose of getting insured, certain hobbies may be deemed as a risk, therefore increasing the amount of premium you’ll have to pay. Such hobbies often involve extreme sports.
#5 Pre-existing condition
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A pre-existing medical condition, specifically the three highs – high cholesterol, high blood pressure, and high Body Mass Index (BMI) is perhaps the biggest and toughest obstacle you’ll face when trying to obtain insurance coverage.
With close to half of the adult population in Malaysia suffering from high cholesterol, 30% with high blood pressure, and 30% with weight problems, not being protected could lead to more health problems that could then result in financial difficulties.
Thankfully, those days are over with Allianz 3H Cover, the first insurance plan in Malaysia specifically for individuals with the three highs. With Allianz 3H Cover, individuals with high cholesterol, high blood pressure, and high Body Mass Index (BMI) can take up a much-deserved protection plan up to the age of 85 that provides death and Total and Permanent Disability (TPD) coverage as well as optional critical illness coverage for:
- Heart attack
- Stroke
- Cancer
- Kidney failure
The plan also offers a Complimentary Added Coverage comprising of a 50% increase in death and TPD coverage, and extended coverage from four to 36 critical illnesses upon improvement in health of the policyholder.
Get protected today, by visiting http://bit.ly/2yzRKgV. Leave your contact details and a professional Allianz representative will be in touch, it’s really that simple.