Why I need an Insurance Policy

You can find the answer out there, why do you need life insurance. Me as insurance agent, I want to share, why I need life insurance.

1. Income protection for my family

Im still young and just get married. Saving in the bank is not much as most of them goes into my wedding expenses. My wife is working too. Our salary every month is just enough for bills, expenses and minor savings. Our fragile financial situation will be worst if Im leaving this world. My wife will be suffered from the monthly expenses and bills. And even worst, if we have kids later.

I took Great Eastern Smart Protect Essential(SPE) with 300K Sum Assured, which will compensate my wife if death happen to me.

How much Sum Assured enough for you? Take how much your salary and times by 24 months (minimum)

2. Force savings and investment fund

With an Investment Link Plan. Im not just paying for the insurance. I do my own savings with the plan.Saving is a discipline matter. With insurance plan, I can discipline myself to save every month.

I'm paying RM500 per month for Great Eastern (SPE) which I will be having total savings of RM 280K upon age 55. Pretty good right? This is additional money for my retirement.

2. Medical Card; Smart Medic

As insurance agent, I know well about the cost of medical treatment in Malaysia private hospital.

Dengue for 14 days admission will cost your RM10,000. Minor sinus operation RM6000. H1N1 for 3 days admission will cost your RM2500. Bypass artery operation cost you RM90,000!

I cant afford all the medical bills above and if i have the money, i will use if for my medical bills and left nothing for my retirement later as I cant do savings.

With SPE, I have Smart Medical Card and it pays for all the medical bills. My investment every month safe there and protected.

It is a very good plan, your money still there and the medical bills been paid.


I work to do sales everyday, which mean i need to stay healthy and able to travel around Malaysia. But, what happen to me when Im critically ill? I need to support my family. With SPE Plan, I choose to have critical illness benefit which allows me to have 200K in cash if Im critically ill.

I wish I’m not critically ill, but when it happen I don’t want the condition become worst as I cant do work anymore.

Don't you think, this would be perfect? with one stone and I kill many birds.