I've always been in loathe of paying my annual insurances. When I became a working adult, my dad passed over all my insurances that he was holding and paying on behalf of me all these years.
"Welcome to working adult, here's your insurances, good luck paying them." He said.
Every year I have to pay a sum of estimated RM1700-1800 for insurances including for my car and health coverage. It sets my teeth on edge whenever I see the sum of it. I was planning to exclude my health insurance coverages few years back but my late mum advised me not to do so. Hence, I kept on paying it til last year.
Last two weeks, the bills came and I was starting to wonder if it's worth paying all this money as for just-in-case. Since I am not working, I would rather keep the money for my own good. I talked to my dad about it. I told him if things happened, just sent me to government hospital for treatment. I was expecting him to be overreacted of my thought about giving up paying. But, what he said next surprised me.
"Well, you do not need to pay for your health insurance then. After all, it was meant for you when you intend to go for treatment in private hospital." He said nonchalantly. It is true, my premium has been gradually increasing in each passing year as you age.
So, that left with my car insurance coverage that costs RM500.
I wonder if I make the right decision.
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