Medical insurance encompasses a wide scope of policies that will cover the cost of medical treatment, the most popular of medical treatment, the most popular of which are hospitalisation insurance and critical illness coverage. "Having hospitalisation insurance is important as it covers the risk of hospitalisation due to illnesses and accidents. The uncertainty of treatment needed and medical expenses can be a huge financial burden for most people. " If you insist to save your money all in the bank, a lengthy hospital stay can wipe out one's entire life savings. But, with medical insurance, one will have access to contingency fund to offset unexpected medical expenses, thus protecting your hard-earned savings for your children's education or your retirement.

As a financial advisor, i need to remind all my clients that, even if you have some funds, the high rate of medical inflation can leave you unprepared when the need for treatment occurs. How do you ensure that you are adequately covered ?

All medical products have similar features, with slight variations in the amount and value-added features. "There are pros and cons to each plan; therefore, there is no best plan. For instance, plans with tie-ups with medical networks may be cheaper but you lose freedom in choosing the medical provider.

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My opinion while the deciding factor depends on one's needs and budget, it's important to understand the different types of medical insurance. Find your nearest financial advisor for medical insurance planning if you still not yet own a Medical Policy. Call me if you need my advise (for Malaysians only ) thru 012-7617182 Mr Tan.

While the global economic outlook is far from rosy, many things such as stocks, properties or credit have become more affordable. To prevent economies from worsening further, interest rates worldwide have been cut to all time low. And most banks have their base lending rates (BLRs) at 5.55% now.
This is a good time to refinance. Everybody should re-look his current loan facility agreement or package, as banks will not highlight these then all to be charge to you if you agaist any of the term and condition inside the agreement.
One of the charge will be the Moving or zero moving cost ?
Moving costs typically consist of the processing fees imposed when you apply for a loan. They include stamping, legal, disbursement and valuation fees.
While you may save a few thousand ringgit on upfront fees, there are disadvantages to this type of loan as well. "When a bank offers you zero moving cost, it would charge you a higher interest rate. Compare the loans and look at the long-term interest savings. If you are young graduates, a loan with zero or low moving cost would appeal.
Legal documentation fees could come up to thousands of ringgit, if the bank were to absorb these fees, it would help young graduates, so that they don't have an upfront burden. And they can use the savings for home furnishing instead.

To conclude, refinance will help people to move forward in difficult times. However, do consider whether bank you going to select located near to your home ? Does it have internet banking ? How easy is it to tranfer your funds ? All of these should under your consideration before final decision. Don't pick the bank the can provide you very good offer but create any of unnecessary thing to your life - need to go to 50KM journey to pay your payment as example.