{"id":45927,"date":"2020-11-20T10:29:25","date_gmt":"2020-11-20T02:29:25","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=45927"},"modified":"2020-12-21T09:46:19","modified_gmt":"2020-12-21T01:46:19","slug":"sunlife-takaful-plans","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/sunlife-takaful-plans","title":{"rendered":"Why Takaful Protection Is Especially Important During This Pandemic"},"content":{"rendered":"

\"Sun<\/a><\/p>\n

If you are dependent on your employer\u2019s health insurance or Takaful, perhaps it’s time for a reality check.<\/p>\n

What happens if you lose your job, get a serious illness that forces you to stop working or have a family member that requires long-term care?<\/p>\n

If you urgently need medical treatment in a private hospital, can you afford the bills out of your own pocket? If the answer is No, it\u2019s time to take a closer look at your health needs as well as those of your immediate family.<\/p>\n

The medical care cost in Malaysia has been rising at an alarming rate of more than 100%<\/a> from 1997 to 2016 and in fact, it now ranks the second highest in Asia. With COVID-19 upon us, there may be unforeseen risks that we must consider.<\/p>\n

<\/span>Rising Covid-19 cases bring health and financial risks<\/span><\/h2>\n

A survey conducted by the Ministry of Health (MOH) Malaysia<\/a> revealed that more than 80% of Malaysians had to use their own income for health services while 35.8% of them resorted to using their savings.<\/p>\n

What more if you lose your job due to the pandemic and along with it, your medical coverage? The unemployment rate in Malaysia<\/a> as of August this year is the highest it has been in 20 years. As a consequence of the pandemic, the number of unemployed Malaysians was at over 740,000 earlier in August according to the Department of Statistics.<\/p>\n

If you have been depending on your job’s health coverage all these while, it\u2019s time to figure out how to manage medical costs if you lose your job, can no longer work due to illness or if you retire. Either way, you will need a backup plan.<\/p>\n

<\/span>Medical protection provides peace of mind<\/strong><\/span><\/h2>\n

You may think you can still cover the cost of going to the doctor or even the cost of a blood test or x-ray scan, which will set you back several hundred ringgit. But what if you get hospitalised, require surgery or repeated visits to the hospital for a critical illness?<\/p>\n

A survey<\/a> by the Debt Management and Counselling Agency (AKPK) revealed that less than six out of ten people can afford RM2,500 in medical expenses. All it takes is one unplanned medical emergency that could turn your finances upside down.<\/p>\n

In these uncertain times, it is especially important to ensure your financial and medical bases are well covered with the two being closely interlinked.<\/p>\n

<\/span>Maximise your investment and health protection with Sun Life Malaysia<\/span><\/h2>\n

As a life insurance and family takaful provider, Sun Life Malaysia<\/a> has been advocating the need to plan early for health and financial protection, and more so during this challenging period, to safeguard you and your loved ones.<\/p>\n

An insurance\/Takaful plan with medical benefits is useful here, as it acts as a safety net while also providing a financial buffer should you ever run into a medical emergency. You will also have peace of mind knowing that your family is well taken care of, should the worst happen.<\/p>\n

\"Sun<\/a><\/p>\n

You can also consider adding on a medical rider. Medical riders<\/a> add extra benefits on top of your existing Takaful plan, such as coverage for hospital room and board, surgery & operating theatre fees, consultations for illnesses, and more. So on top of ensuring your finances are well-looked after, you now have a fall-back plan in case you run into health or medical issues.<\/p>\n

To protect your loved ones and invest for the future concurrently, Sun Prime Link-i<\/a> is an innovative investment-linked Takaful plan that checks all the boxes. The plan also comes with a new and affordable medical rider, Prime Medi Care Plus-i<\/a>, which gives you financial security and healthcare protection at one go.<\/p>\n

Prime Medi Care Plus-i Rider*<\/strong><\/div>
As the first 100% allocation Takaful investment-linked product in Malaysia, Sun Prime Link-i* provides comprehensive Takaful coverage:<\/p>\n