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Type of Insurance in Malaysia

Before we buy an insurance protection plan for total permanent disability Malaysia, we must know what are the types of insurance in Malaysia and which is better for you to use it. Insurance is very important in our lives because the purpose of insurance is to protect us from any unanticipated circumstances that may arise at any time. So, depending on your specific situation, choosing the right insurance and the amount of insurance is essential. In this article, I will bring you several types of insurance that have in Malaysia.

Life Insurance

A contract between an insurance policyholder and an insurance company is known as life insurance. In this case, the insurer promises to pay a sum of money in exchange for a premium upon the death of an insured person or after a specified period of time. If something bad happens to you, whether it is sudden death, critical illness, or even permanent disability, the insurance company will provide you and your beneficiaries with a benefit.

There are two types of life insurance which are whole life and term life insurance. For Whole life insurance, it will cover the entire of your lifetime. This insurance also has a higher premium over the agreed period. Not to mention that the policy will not expire as long as you always make the premium payment. Meanwhile, for the term life insurance, the insurance will cover you only for specific years, likely between 10,15, and 20 years. This type of insurance also does not have cash value to what you will receive. Other than that, the policy will expire after the plan of insurance is over.

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Health Insurance

The next type of insurance is health insurance which is very different from life insurance that you can buy as an insurance protection plan for total permanent disability Malaysia. Health insurance covers the whole or a part of the risk of a person incurring medical expenses. If you have a medical card or critical illness coverage, when you are admitted to the hospital, the medical card can cover the cost of your treatment which can insure you. So, you need to have a medical card or critical illness coverage that can help you lessen your financial burden.

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Travel Insurance

Travel insurance exists to protect you and your loved ones from the risks and financial losses that may occur while traveling. This type of insurance covers you from many possibilities. Some of us really think that travel insurance is really not necessary as the other type of insurance. This type of insurance also is possible if you want to buy an insurance protection plan for total permanent disability Malaysia. Something unexpected might happen while you are traveling.


You need to be aware that this type of insurance will really help you in your life and lessen your life burden. We will not know what will happen to us and our loved ones in the future. You can choose any type of insurance that you think really suits you and your loved ones. So if you need more information you can just click here.