{"id":14262,"date":"2023-01-30T13:57:00","date_gmt":"2023-01-30T05:57:00","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=14262"},"modified":"2023-01-30T23:31:06","modified_gmt":"2023-01-30T15:31:06","slug":"insurance-planning-for-the-young-and-bold","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/insurance-planning-for-the-young-and-bold","title":{"rendered":"Do You Need To Buy Insurance When You Are Young?"},"content":{"rendered":"

When you are just starting out on your journey as an adult, getting insurance coverage may be the last thing on your mind.<\/p>\n

Getting your career started, clearing your student loans or maybe, just planning your next travel adventure are more likely to appear on your list when you are young and single.<\/p>\n

But life is unpredictable and this uncertainty affects even the young and single. When things don\u2019t go the way they want, it can affect their finances and their path towards realising their dream.<\/p>\n

Everyone needs to be adequately insured, regardless of which life stage they are in or what their needs are \u2013 including young adult Malaysians like fresh graduates and young workers .<\/p>\n

Why buy insurance when you are young<\/h2>\n

In fact, the younger you are when you get your insurance, the higher are your chances of securing a lower premium. With auto-renewal for most insurance policies nowadays, the earlier you get your medical and life insurance, when you are young and healthy, the better off you are.<\/p>\n

When you are young and single, you will have less financial commitments so it’s the best time to use your money to invest in yourself, by getting adequate insurance coverage to protect your life, health and finances.<\/p>\n

Older people and those who are not in the best of health pay steeper rates for insurance, and some are even rejected by the insurance companies due to previous health history.<\/p>\n

Getting the right insurance coverage<\/a> as a young adult will provide you with a safety net against challenges that could potentially wipe out your savings and derail your plans.<\/p>\n

With proper insurance planning and coverage, you can kick start your dreams with peace of mind while victoriously achieving them.<\/p>\n

This article was first published in 2015 and has been updated for freshness, accuracy and comprehensiveness.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

All about insurance planning for the young and single.<\/p>\n","protected":false},"author":1,"featured_media":55459,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31,133,235,255],"tags":[363,436],"class_list":["post-14262","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographic","category-insurance","category-life-insurance","category-medical-insurance","tag-insurance","tag-takaful"],"acf":[],"yoast_head":"\nDo You Need To Buy Insurance When You Are Young?<\/title>\n<meta name=\"description\" content=\"When you are young, you will have less financial commitments so use your money wisely. Find out how insurance coverage can help.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.imoney.my\/articles\/insurance-planning-for-the-young-and-bold\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Do You Need To Buy Insurance When You Are Young?\" \/>\n<meta property=\"og:description\" content=\"Life is unpredictable and this uncertainty affects even the young and single. When things don\u2019t go the way they want, it can affect their finances and their path towards realising their dream.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.imoney.my\/articles\/insurance-planning-for-the-young-and-bold\" \/>\n<meta property=\"og:site_name\" content=\"iMoney Malaysia\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-30T05:57:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-30T15:31:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2021\/11\/30232826\/insurance-gen-z.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"iMoney Editorial\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"iMoney Editorial\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.imoney.my\/articles\/insurance-planning-for-the-young-and-bold\",\"url\":\"https:\/\/www.imoney.my\/articles\/insurance-planning-for-the-young-and-bold\",\"name\":\"Do You Need To Buy Insurance When You Are Young?\",\"isPartOf\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/insurance-planning-for-the-young-and-bold#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/insurance-planning-for-the-young-and-bold#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2021\/11\/30232826\/insurance-gen-z.jpg\",\"datePublished\":\"2023-01-30T05:57:00+00:00\",\"dateModified\":\"2023-01-30T15:31:06+00:00\",\"author\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/2dc429bac9840e75ad08ab242c57dcbb\"},\"description\":\"When you are young, you will have less financial commitments so use your money wisely. Find out how insurance coverage can help.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/insurance-planning-for-the-young-and-bold#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.imoney.my\/articles\/insurance-planning-for-the-young-and-bold\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.imoney.my\/articles\/insurance-planning-for-the-young-and-bold#primaryimage\",\"url\":\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2021\/11\/30232826\/insurance-gen-z.jpg\",\"contentUrl\":\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2021\/11\/30232826\/insurance-gen-z.jpg\",\"width\":1200,\"height\":628,\"caption\":\"Image source: pexels.com\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.imoney.my\/articles\/insurance-planning-for-the-young-and-bold#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.imoney.my\/articles\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Infographic\",\"item\":\"https:\/\/www.imoney.my\/articles\/category\/infographic\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Do You Need To Buy Insurance When You Are Young?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.imoney.my\/articles\/#website\",\"url\":\"https:\/\/www.imoney.my\/articles\/\",\"name\":\"iMoney Malaysia\",\"description\":\"Everything you need to know about improving your personal finances.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.imoney.my\/articles\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/2dc429bac9840e75ad08ab242c57dcbb\",\"name\":\"iMoney Editorial\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/4268d61be86ba47b656e314b503a5c2f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/4268d61be86ba47b656e314b503a5c2f?s=96&d=mm&r=g\",\"caption\":\"iMoney Editorial\"},\"description\":\"iMoney Editorial Team is composed of 4 writers with wide-ranging interests and areas of expertise. Their primary responsibility is to write financial-related articles to share and educate Malaysians on how to save, make and grow their money.\",\"sameAs\":[\"http:\/\/www.imoney.my\"],\"url\":\"https:\/\/www.imoney.my\/articles\/author\/chinglee\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Do You Need To Buy Insurance When You Are Young?","description":"When you are young, you will have less financial commitments so use your money wisely. Find out how insurance coverage can help.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.imoney.my\/articles\/insurance-planning-for-the-young-and-bold","og_locale":"en_US","og_type":"article","og_title":"Do You Need To Buy Insurance When You Are Young?","og_description":"Life is unpredictable and this uncertainty affects even the young and single. When things don\u2019t go the way they want, it can affect their finances and their path towards realising their dream.","og_url":"https:\/\/www.imoney.my\/articles\/insurance-planning-for-the-young-and-bold","og_site_name":"iMoney Malaysia","article_published_time":"2023-01-30T05:57:00+00:00","article_modified_time":"2023-01-30T15:31:06+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2021\/11\/30232826\/insurance-gen-z.jpg","type":"image\/jpeg"}],"author":"iMoney Editorial","twitter_card":"summary_large_image","twitter_misc":{"Written by":"iMoney Editorial","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.imoney.my\/articles\/insurance-planning-for-the-young-and-bold","url":"https:\/\/www.imoney.my\/articles\/insurance-planning-for-the-young-and-bold","name":"Do You Need To Buy Insurance When You Are Young?","isPartOf":{"@id":"https:\/\/www.imoney.my\/articles\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.imoney.my\/articles\/insurance-planning-for-the-young-and-bold#primaryimage"},"image":{"@id":"https:\/\/www.imoney.my\/articles\/insurance-planning-for-the-young-and-bold#primaryimage"},"thumbnailUrl":"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2021\/11\/30232826\/insurance-gen-z.jpg","datePublished":"2023-01-30T05:57:00+00:00","dateModified":"2023-01-30T15:31:06+00:00","author":{"@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/2dc429bac9840e75ad08ab242c57dcbb"},"description":"When you are young, you will have less financial commitments so use your money wisely. Find out how insurance coverage can help.","breadcrumb":{"@id":"https:\/\/www.imoney.my\/articles\/insurance-planning-for-the-young-and-bold#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.imoney.my\/articles\/insurance-planning-for-the-young-and-bold"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.imoney.my\/articles\/insurance-planning-for-the-young-and-bold#primaryimage","url":"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2021\/11\/30232826\/insurance-gen-z.jpg","contentUrl":"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2021\/11\/30232826\/insurance-gen-z.jpg","width":1200,"height":628,"caption":"Image source: pexels.com"},{"@type":"BreadcrumbList","@id":"https:\/\/www.imoney.my\/articles\/insurance-planning-for-the-young-and-bold#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.imoney.my\/articles\/"},{"@type":"ListItem","position":2,"name":"Infographic","item":"https:\/\/www.imoney.my\/articles\/category\/infographic"},{"@type":"ListItem","position":3,"name":"Do You Need To Buy Insurance When You Are Young?"}]},{"@type":"WebSite","@id":"https:\/\/www.imoney.my\/articles\/#website","url":"https:\/\/www.imoney.my\/articles\/","name":"iMoney Malaysia","description":"Everything you need to know about improving your personal finances.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.imoney.my\/articles\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/2dc429bac9840e75ad08ab242c57dcbb","name":"iMoney Editorial","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/4268d61be86ba47b656e314b503a5c2f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4268d61be86ba47b656e314b503a5c2f?s=96&d=mm&r=g","caption":"iMoney Editorial"},"description":"iMoney Editorial Team is composed of 4 writers with wide-ranging interests and areas of expertise. Their primary responsibility is to write financial-related articles to share and educate Malaysians on how to save, make and grow their money.","sameAs":["http:\/\/www.imoney.my"],"url":"https:\/\/www.imoney.my\/articles\/author\/chinglee"}]}},"_links":{"self":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/14262"}],"collection":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/comments?post=14262"}],"version-history":[{"count":26,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/14262\/revisions"}],"predecessor-version":[{"id":55460,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/14262\/revisions\/55460"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/media\/55459"}],"wp:attachment":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/media?parent=14262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/categories?post=14262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/tags?post=14262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}