As a millennial, I understand why you’ve never considered the need for buying insurance. I mean, why buy insurance when you are still young and healthy right? Insurance doesn’t seem like something a person in his or her youth should be worrying about. I’m still so energetic, so what can go terribly wrong? That’s where you aren’t right. Whether you realise it or not, most millennials of your age group are starting to enter or are already at a different phase in life. For example, marriage, starting a family and thinking about becoming a parent. These different phases in life will present you with different considerations when making certain decisions, which will also bring along with you the risks. Going through these different phases in life would gradually mean that your life is no longer yours alone. There are so many things for you to think about, especially during this pandemic. I’m sure you’ve heard about families going into poverty, leaving their children with no education funds due to the sudden death caused by COVID-19? Leaving their spouse or kids with the heavy financial burden of supporting themselves is something nobody would want to leave their loved ones with. Things definitely don’t have to be so morbid.

From time to time, I’m sure you’ve stumbled upon news reporting that the sole provider of a family got into a fatal accident or has become seriously ill from overworking, especially under this unkind weather, not to mention the rampant COVID-19 viruses. And I know what you are thinking. Deep in your hearts, you’re probably saying, “That’s just the news. They are just unfortunate.” “These kinds of things will never happen to me, and it’s not like I’m living in an action movie or something” “I am still young. I have good reflexes and a healthy immune system. I know how to keep myself safe.” Such is the nature of us humans. Naturally, you wouldn’t imagine bad things happening to yourself.

Minimise Increasing Inflation Rate’s Impact

With that being said, you might not be prepared for how expensive hospital bills can get if you were ever hospitalised. “Aiyo, but I can just go to a government hospital. It’s cheap and affordable.” Yes, it is. But even when the hospital bill is somewhat affordable, what will come haunting you afterwards will be the cost that comes after being hospitalised, especially medical equipment cost. Not to mention the ongoing daily expenses you would have to spend on both you and your family. This can be a problem, especially when you are the type who likes to be your own boss. When you’re already working as a freelancer, FoodPanda rider, or GrabCar driver, do you really want to risk having a lack of emergency funds to cover your daily expenses such as groceries, utility bills when hospitalised, or from being on a prolonged MC? You can always save yourself from this scenario by skipping one of your favourite BTS Mekdi meals and use the money to buy Merchantrade Insure Xtra instead (which costs cheaper than one BTS Mekdi meal, by the way… just saying). It compensates you for your loss of income by giving out daily hospital allowance when you are being hospitalised.

Protect Your Family from Debt

If you have never considered the outcome of becoming seriously ill, you might also not have considered what it will be like for your family when you get into an accident that might cost your life. “But I already said. I live in Malaysia, not in a Hollywood action drama.” Yes, but did you know that road accident is listed on Malaysia’s top killer list, and not Thanos? The number of deaths caused by road accidents is one of the highest, and this could happen to you as well, especially when you frequently travel back and forth to different states for work or personal reasons. And if the unfortunate event does somehow fall upon you, the average cost for a funeral is roughly around RM2,000 to RM10,000, depending on its complexity. Can you imagine the amount of stress your families would have to endure if you ever get into a fatal accident? Not only have they suddenly lost an important person in their life, but they also have to bear the financial burden of the costly funeral. And much to your surprise, it might not be the only financial burden they have to carry on from your life. In fact, all the debt that you had, such as your car and motorcycle loan or even your study debt, could fall entirely on your family’s shoulders. Ironically, your personal properties have more insurance covers than your own lives, which is undoubtedly more precious.

However, if you own insurance, it will aid your family financially if something were to happen to you. And if you have not gotten your precious life insured, you should really consider checking out Merchantrade Insure Life, which offers the lowest life insurance’s premium in Malaysia for RM1 per month. This insurance also provides you with the flexibility of purchasing it on a monthly basis. Honestly, I can’t think of anything today that will cost less than RM1. So, remember, the next time you are travelling to work or back to kampung to visit your parents, make sure to grab the 1-month life insurance. And oh, it also covers death from COVID-19 so that you can protect your loved ones financially if anything happens to you.

It’s affordable

I understand that when you are at the age of trying to figure yourself out, you really don’t want to think about buying insurance because it sounds so expensive. Insurance seems like something luxurious that you can’t afford at this moment, something you should leave to your future self, the future you who will be ‘financially free’. For now, insurance seems like a financial burden that will take a small yet significant chunk of your salary to get you protected from something that you assume will never happen.

But did you know that insurance is not as expensive as you think it is? If you believe that every insurance would cost you around RM150 to RM300 per month, then you should check out Merchantrade Insure Life that has been mentioned in this article. With as low as RM1 per month, which you can’t even buy a cup of Teh Tarik or nasi lemak bungkus with, you can now afford financial protection for both you and your family. Life insurance is definitely less costly compared to the cost of not having one if something were to happen to you and your family.

Merchantrade Insure Xtra & Life

On top of all the benefits mentioned, you can also easily buy this insurance with Merchantrade, without a medical check-up process. You read that correctly—no medical check-up. The insurance is already highly affordable considering the benefits that they provide, but with no medical check-up? Is there some hidden catch to it? Is it trustworthy? Totally! Merchantrade Insure Xtra and Life is underwritten by AXA General Berhad, the largest insurer in the world as well as MCIS Insurance Berhad. Hence, it is perfectly safe and secure to buy your health insurance from them. You should also know that Merchantrade Insure Xtra and Life provides worldwide coverage (regardless of whether you are physically in Malaysia or overseas) with a flexible monthly plan. And if you ever feel that your debt and expenses commitment has increased along with your lifestyle, or if your risk appetite has changed as you go through different life cycles, don’t worry, you can always review the insurance policy at different stages in life! You can also cancel the plan anytime you want. Interested? Do check out their website https://mtradeasia.com/insure/ and get yourself insured through their online channel and even pay using e-wallet to earn your favourite reward points or coins.