There are so many insurance options in the insurance industry today that more often than not, we just don’t know which insurance we actually need. Even when we are actively looking for advice, we often can’t find it because many people don’t know either, so to put a stop to that, we have listed out the top 5 types of insurance in Malaysia that everyone needs to get and it is simply hard to live without.
The insurance that are mentioned here play a significant role in assisting us whenever we are met with a certain crisis that will cost us a whole lot of money if we were not insured to begin with. But for those who are insured, they will be able to benefit from the incredibly important services that is provided by the insuring companies, so without anymore further delay, here are the 5 types of insurance in Malaysia you need to have in your life.
Auto Insurance
One of the first insurance we need to look at a point in our lives is car insurance or motor insurance, but we will only need it when we have a car or a vehicle, but the thing is, we all need a car or some sort of vehicle for transportation. But driving on the road can be extremely dangerous and there are many people who struggle to pay for their own vehicle and when they get into a car accident, they have to pay for that too, so it is important to have motor insurance so that the insurance company will be able to help us when such unfortunate incidents happen to us.
Health Insurance
This is the most important insurance that everyone needs, and it is the top priority in the 5 types of insurance in Malaysia you need, the health insurance. Our health must be our number one priority in life, and sickness can strike whenever, even if we are as healthy as a horse, so it is better to be prepared because healthcare is incredibly expensive and most of us simply cannot afford it so, we need to get health insurance.
Home Or Rental Insurance
The next insurance on the types of insurance in Malaysia you need is home or rental insurance, just like our health and vehicles, even homes and rental homes can be in dangerous situations and for us to get them repair can cost a whole lot, and owning a home is a huge responsibility on us and our bank accounts, just as renting, and all is a huge asset, it is incredibly important to have home or rental insurance to protect the homes we live in.
Life Insurance
One of the types of insurance in Malaysia you need you need is life insurance, it is probably one of the most important insurance policy you will ever purchase in your life, it will protect your loved ones by providing income for them if for any unfortunate reason, you pass on unexpectedly. It can also have the same function even if you are not the primary breadwinner of the family. Your family will be in a terrible state when you are gone, so don’t let them suffer anymore.
Disability Insurance
This may sound like an insurance that is not needed but statistics show that 1 in 4 people will become disabled at some point before they retire, and this fact alone makes the disability insurance incredibly important, even though the statistics include people who temporarily disabled. If you are disabled, for a short period of several months to even years or permanently, who will provide for your family? That is the important question to ask and the answer is the insurance company. Hence, disability insurance is one of the types of insurance in Malaysia you need.
Conclusion
There you have it, the top 5 types of insurance in Malaysia you need to have in your life, they are absolutely important and everyone needs it, and the first most important insurance to get when you have a car is motor insurance. MSIG is offering motor insurance at an incredibly affordable price and with amazing benefits, visit PolicyStreet.com to find out more on how you can enjoy 10% immediate rebate!