medical health insurance Malaysia

Cash Advance Credit Card in Malaysia: Why You Need a Health Insurance Policy


Health is wealth! With fast-paced lifestyles, food contamination, rising pollution, late hours, and hectic schedules, health has become a major concern than before! Its common sense that while the overall life expectancy has risen in India – due to advanced medical facilities – the number of diseases affecting the younger population is also rising.

While the roots for a reduction in the overall standard for health are debatable and varied, there’s no denying the demand for health insurance across different age brackets. With the medical inflation, many citizens are increasingly turning to health insurance policies to stop expensive medical bills during emergencies.

When’s the Best Time to Buy a Health Insurance Policy?

Time won’t wait for no one, goes the old adage. The right time to procure a health insurance policy is the moment you realize that your health costs may only augment in the future due to the overall rise in the cost of living among other factors. The sooner you realize the truth, the better it is for you. In other words, you need to purchase a health insurance policy at the younger age to avail of different benefits.

Why Do You Need to Buy a Health Insurance at the Young Age?

There are many bases why experts advise clients to have a health insurance policy. Here’s the list of the most common reasons:

Waiting Period.

medical health insurance Malaysia

In most cases, health insurance policies have a waiting period ranging from 30 – 90 days, during which you can’t make any claims even if you have a medical bill to pay or an emergency. Hence, buying a health insurance policy at the young age is good, as you’ll exhaust the waiting period without any difficulties. There’s a waiting period for numerous conditions such as arthritis, knee replacements, urinary tract stones, and cataract. Nearly all insurance companies declare at least 10-15 conditions which have a waiting period. Besides, individuals past 60 years old have a longer waiting period in some cases.


If you make the wise move of buying a health insurance policy when young, you could reap the benefits of a holistic and comprehensive coverage. Hence, you’ll enjoy a heightened security during employment and even after retirement.

Low Charges.

In most cases, the premium amount charged by the insurance provider relies on your current age. If you purchase a policy at the young age, you can avail of a cheaper premium rate.


It’s advised to bear in mind that most health insurance policies on offer come with an upper limit for older applicants. If you purchase a health insurance policy at a young age, you’ll not have to think about age limits, which allows you to enjoy the advantages of the health insurance for a longer period.

Tax Benefits.

Buying a health insurance policy at a younger age will allow you to enjoy tax benefits for a longer period in which you could claim the premium you pay as a deduction from your total income.

Have a brighter future through applying for a medical health insurance Malaysia