Becoming an adult is exciting. Whether you’re just starting your career, earning your first salary, or learning to live on your own, this stage of life comes with responsibilities too.
You want choices, but find it difficult to stretch your budget to cover your day-to-day needs as well as the responsibilities that come with being an adult, like saving for emergencies, starting to invest, and getting insurance protection, all at the same time.
According to a recent survey of young adults in Asia, the majority of Gen Z (those born after 1997) are saving or know that saving for the future is important and intend to invest their money. An increasing number of Malaysians are also entering the odd-job economy to help them achieve their financial goals while giving them more freedom and flexibility.
If you have a part-time or freelance job, it could mean less financial security as there is no stable source of income. So, setting aside a significant percentage of your monthly income for an insurance policy that you need to commit to for the long term may not be possible at the moment, but there are still steps you can take to protect yourself.
You can start with bite-size insurance
If you are a working young adult, what do you need? You probably can’t afford much to build your emergency savings and investment portfolio, but you still need to learn to be a responsible adult and protect yourself.
To keep insurance premiums affordable, consider paying only for what you want to protect now. These types of insurance products that provide coverage on a small scale are also called one-off insurance. They’re perfect for young adults who have just graduated or just started working – today’s Gen Z.
What are the benefits of bite-size insurance?
- Provide protection with low premiums
- Discover an insurance product without long-term commitment
- Easily sign up for simple, prepackaged insurance solutions
You may be aware of the importance of insurance, but you cannot afford complete solutions in the market. What can you do?
Start taking care of yourself with PRUSimple Care
PRUSimple Care by Prudential lets you take control of protecting what’s important to you with a range of small insurance options.
Accident package *
If you are constantly on the move to work or lead an active lifestyle that puts you at a higher risk of accidents, obtaining accident insurance coverage should be in addition to your protection needs.
It covers the death benefit, the total and permanent disability benefit (TPD) and the accidental death benefit (additional).
Snatch Theft Injury Package *
Have you just started your career and are you living on your own? Protecting your personal safety should be high on your list.
Get coverage for hospitalization due to snatching with daily room and board allowance, intensive care unit (ICU) daily allowance and death benefit.
Best critical illness package *
As an adult, having basic coverage for specific health issues can give you peace of mind until you can get more extensive coverage.
With this plan, you can protect yourself against a diagnosis of cancer, stroke, heart attack or severe coronary artery disease, as well as death benefits.
Heart Health Package *
Heart disease is still the leading cause of death in Malaysia in 2020. Having basic medical protection against this disease means you can choose to go to a private clinic or hospital and get treatment faster while still being able to. take care of yourself financially.
You can now get immediate coverage for a diagnosis of stroke, heart attack or severe coronary artery disease, intensive care unit (ICU) per diem allowance, and death benefit.
* The cost of the annual premium will be based on age only.
Eligible enrollment age: 19 to 55 (next birthday).
Baths and conditions of application.
When you start your career, plans change, and your insurance coverage needs to be short-term and affordable. The last thing you want is to commit to a long term policy that puts you at a disadvantage if you change your mind later.
With PRUSimple Care, you can also choose a plan that fits your lifestyle and select the light, medium or advanced plan you need.
|Premium||Accident package||Snatch Theft Damage Package||Best critical illness package||Heart Health Package|
|Light package||From RM5||From RM24||From RM4||From RM4|
|Intermediate plan||From RM8||From RM33||From RM5||From RM5|
|Advance plan||From RM16||From RM41||From RM6||From RM6|
While all plans cover the same type of benefits, the intermediate and advanced plans will provide higher amounts of coverage for each benefit. For more information, you can check the product website here.
What’s even better is that with just a few clicks you can sign up for PRUSimple online care. It’s quick and easy, so you won’t forget this important step to protect yourself.
Getting protected now is as easy as shopping online!
You can buy most of your daily needs online, including insurance. Young adults today shop daily or weekly using their mobile phones, according to a recent PricewaterhouseCoopers (PwC) survey, so buying affordable insurance coverage online is what you can easily do. right now.
The first step is to download and install the Pulse by Prudential app. Then go to PRUShoppe to select the PRUThe Simple Care insurance packages you need.
Decide on the coverage you want and follow the simple on-screen instructions to sign up. Once you are done shopping, simply pay your annual premium with your credit / debit card and you’re good to go.
As you progress in your career and your life, what you can afford to protect will change as well. Your PWP can help you plan a long-term protection plan.
From RM4 per year you can now afford to stay safe with PRUSimple Care.
Our sincere thanks to