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Thread: Medical insurance

  1. #1
    Join Date
    May 2008
    Posts
    114

    Default Medical insurance

    What say you about buying medical insurance?? Since medical are expensive?

  2. #2
    Join Date
    Feb 2008
    Posts
    393

    Default

    babyrie


    i think when you live in Singapore you need to have medical insurance coverage - i was advised by my insurance agent to have at least $500,000 coverage.

  3. #3
    Join Date
    Jan 2008
    Posts
    560

    Default

    i agree with babyrie, we all must have a medical insurance. especially now that people are diagnosed with critical illess much younger then last time.

  4. #4
    Join Date
    Jan 2007
    Posts
    176

    Default

    Aiz, you don't really need medical insurance unless you know you are getting down with something and your doctor baccup with you to con the insurance company Of course, if you lack the discipline to save money, you should also buy insurance lor. Otherwise, just save and invest your money wisely and you'll be much better off.

  5. #5
    Join Date
    Apr 2008
    Posts
    42

    Default

    Best to be save than to be sorry. No one can predict illness, so my recommendation medical insurance is must have for all.

  6. #6
    Join Date
    Apr 2008
    Posts
    69

    Default



    Medical Insurance, this is another story I would like to share with you guys. A friend of mine his name is "Fat Kris" - that is the nick name I gave him.

    Not sure if I should call this lucky or unlucky.

    He is someone who does not believe in Insurance. However, a few years back when he was working in the state - for no apparent reason, he decided to take up a medical insurance policy - he said he did it because his friend told him to just sign up for it.

    2 months after he bought the policy, he was taken ill from a stroke that nearly told his life - the medical bill turn up to be more than $300,000. He was saved from paying the bill with the medical insurance he signed up.

    This really make you ponder, is insurance policy important? Like what Ah boy says, Is it really only for those who do not know how to save? .... I chose to believe it is important and like what mcpqueen says, better to be save than sorry. How can one predict when one will fall sick or some accident may happen??


  7. #7
    Join Date
    Jan 2008
    Posts
    250

    Default

    i believed it's very important to have medical insurance whether you have savings or not. cos you never know the bomb for medical cost, it would be more then what you invested in insurance.

    just for eg the case of fat kris. he only paid 2 months premium but benefited $300,000 of medical bills.

  8. #8
    Join Date
    Feb 2008
    Posts
    393

    Default

    yes, bookworm your friend is really lucky. How timely can this be?

    If not, I wonder how is he going to pay for the medical bill.

  9. #9
    Join Date
    Jan 2007
    Posts
    181

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    Hmm I agree with Ah Boy. Our government already has compulsory medical insurance. This is like the lottery mentality, if I don't buy, there is no hope of striking. In this case, if I don't buy, there is a chance that I will be hospitalized and lose lots of money or even my life. One plays on a person's greed; the other a person's fear. Just out of curiosity, who buys lottery here?
    Last edited by McMuffin; 28th November 2008 at 07:57 PM.

  10. #10
    Join Date
    Aug 2008
    Posts
    99

    Default

    Interesting argument.

    Comparing buying medical insurance with buying 4D.

    I do not think anyone in the right frame of mind will want to buy a medical insurance and hope that he/she will get some kind of illness and claim the insurance right?

    Talking about 4D, my dad and mums are super fan of 4D.

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