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Insurance – Part Of Life
I have been well exposed to insurance industry. I always feel that the value of insurance is not fully understood until a claim is effected. We can talk about the values of all kind of personal possessions, like a car, a house, valuables and even human life value. But have it not for the fact that Malaysian Laws required a person to buy car insurance, we will definitely find cars on the road without any insurance. In fact as it is, there are some people who will not get a comprehension car insurance, instead resolve to get a third party insurance once they finish their car loan.
Until something drastically happen, insurance is only just a promissory note, so to speak. However, Malaysians are getting to know the importance of insurance. They will definitely insure their 3 most important assets, namely house, car and their own lives, unfortunately not in the proper priority. Most if not all will definitely have car insurance policies. Some will have some forms of home insurance policies in terms of a fire policy. Not too many will have life insurance policies much less a medical health insurance.
With online insurance, one can even compare car insurance with different companies. I am sure, pretty soon, even life insurance can be bought off the internet as well. By then there will be no excuse for not looking into getting a life insurance policy.
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