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Tuesday, December 14, 2010

Why You Need A Medical Card?

Its been pretty long since I started doing Prudential.Things have been going smoothly so far.But many people have been asking me,what is the importance of a medical card and why should they get it?
Well ,let me use the story below to illustrate what a medical card can do to your life.
Lets start with John.John is 26 years old and is an accountant in KL.He is earning roughly RM 2500 a month.More than enough to eat and sleep.John starts saving RM 500 a month to get married in 5 years time.So he would have saved up RM 30,000 in 5 years time.
After 5 years,John already has RM 30,000 in his bank account.All of a sudden,life is not all sweet anymore.John is diagnosed with high blood pressure.Consulting a specialist,John requires a surgery for the artery.John's artery is stuck due to cholesterol.It's quite normal due to the lifestyle of a young working adult,consuming "mamak " food and working most of the time,John definately has not enough time to exercise.
John would require RM 50,000 for surgery.Where does he
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Why Should You Save With Prudential Instead Of Using Own Savings?

Assuming every month you save RM200.
At the end of the year , the total accumulated would be RM2400 + + (Including interest) (0.3% if in saving account  3% if in Fix Deposit, 7% if in ASB)
Assume that you save constantly up to 5 years which would then amout up to RM12,000 ++
Unfortunately, you are suddenly diagnosed with cancer preliminary level which requires RM50,000 for treatment.
Thanks to your savings, you have RM12,000 but you still need RM38,000.
You have 3 options to fund the balance

    * Borrow

Family and friends will try their best to help you. But to borrow RM38,000 is near impossible unless your have a very rich relative.

    * Sell your assets

Your maybe have one or two assets which can be sold. But it takes at least 6 months to sell a house for example. If your assets still under bank’s loan,  you cant sell it off.

    * Seek for Donation

As you have seen on television, people seek  donation for themselves or their kids who require money for surgery or treatment. If you a
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Wednesday, December 8, 2010

Welcome to My Blog

Hi this is Shahid Arhan.. from New Delhi...
This is my first Blog on Blogger.com....
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