+1 on not shopping around for insurance every few years - your premiums do get recalculated when you switch (i.e. you can’t say I got such and such rate from precious package). So if you can afford a good package go for it. If your company offers a package that’s also good - but pursue your own. The company insurance thing is an American norm that got exported (make money mah) but one consequence is that it’s meant to keep you tied to a company (because in the US especially the risk of having no cheap coverage is real - this is not the same for us luckily). So think of the company plan as a benefit, but not your actual insurance. If you have both, simply use the company one first so your personal premium won’t be affected (because no paperwork to induce them to recalculate your risk).
With this insurance package it’s a good option but it does assume even as b40 you can get online. So there’s this dimension. But insurance coverage is definitely an issue (especially for a society like us that prefer to privatize a range of social protection instead of expanding the public spending here) so i can see why this is being in the regulatory sandbox (IE they’re testing to see if this can be viable - it’s not quite as experimental as a pilot so that’s good).
Would i say this is good tho? Based on the video, it depends. A lot of the stuff they want to cover is basic stuff but most people in the market they target don’t even have that.
I see… It’s just that I prefer not to jump too fast into purchasing insurance and I don’t want to spend too much and get over insured :( I’m still doing research on what’s the best way to move on
One way to keep your head straight and not be tempted by all the riders (extra package) is to shop for the one that can give life + medical basic coverage of up to 99 years with a monthly premium you can tahan. That’s it. You can always add the riders later. But if you want to consider, consider the one with the women health coverage - that’s always a good rider.
Of course, the most ideal scenario is to not think about this at all because we all get universal public health coverage with decent service. But we know that’s a sector that’s dying of a thousand cuts (to the budget)
(And you’ll always be over insured… Since it’s an industry of probabilities they are counting on you not getting hit by a terrible accident. Idk if that pov helps lololol)
+1 on not shopping around for insurance every few years - your premiums do get recalculated when you switch (i.e. you can’t say I got such and such rate from precious package). So if you can afford a good package go for it. If your company offers a package that’s also good - but pursue your own. The company insurance thing is an American norm that got exported (make money mah) but one consequence is that it’s meant to keep you tied to a company (because in the US especially the risk of having no cheap coverage is real - this is not the same for us luckily). So think of the company plan as a benefit, but not your actual insurance. If you have both, simply use the company one first so your personal premium won’t be affected (because no paperwork to induce them to recalculate your risk).
With this insurance package it’s a good option but it does assume even as b40 you can get online. So there’s this dimension. But insurance coverage is definitely an issue (especially for a society like us that prefer to privatize a range of social protection instead of expanding the public spending here) so i can see why this is being in the regulatory sandbox (IE they’re testing to see if this can be viable - it’s not quite as experimental as a pilot so that’s good).
Would i say this is good tho? Based on the video, it depends. A lot of the stuff they want to cover is basic stuff but most people in the market they target don’t even have that.
I see… It’s just that I prefer not to jump too fast into purchasing insurance and I don’t want to spend too much and get over insured :( I’m still doing research on what’s the best way to move on
One way to keep your head straight and not be tempted by all the riders (extra package) is to shop for the one that can give life + medical basic coverage of up to 99 years with a monthly premium you can tahan. That’s it. You can always add the riders later. But if you want to consider, consider the one with the women health coverage - that’s always a good rider.
Of course, the most ideal scenario is to not think about this at all because we all get universal public health coverage with decent service. But we know that’s a sector that’s dying of a thousand cuts (to the budget)
(And you’ll always be over insured… Since it’s an industry of probabilities they are counting on you not getting hit by a terrible accident. Idk if that pov helps lololol)