Insurance is a long-term financial product that requires a commitment from customers to keep paying premiums for the policy does not die or lapse. In productive times, of course it does not matter. However, entering the retirement age, paying the insurance premium can be a challenge in itself so it requires the right strategy so that customers can maintain the policy in old age. the key to choosing a health insurance is to choose according to the financial ability. The minimum is basic health insurance. However, if you have more capability than insurance, then buy also private health insurance which premium can be adjusted with financial ability. Keep in mind also that the health insurance premium is directly proportional to the benefits obtained. The higher the benefits of a health insurance, the more expensive the premium offered. Consider also the appropriate insurance needs.
The World Health Organization (WHO) report predicted, by the year 2020, 75% of the causes of death in developing countries is critical illness. Therefore, you can also consider life insurance that also offers additional benefits of critical illness. Designated as a protection against the risk of Critical Illness condition accompanied by Death Benefit includes 100% feature of Sum Assured if the Insured suffers one of the conditions of Critical Illness. Another feature is the Benefit of Premium Returns every 3 (three) years. Do not be late buying health insurance. Because, the older a person follows the health insurance, the higher the premium charged to him. In addition, the submission of health insurance proposals was potentially rejected if it has detected a disease. So, wisely you have health insurance with affordable premiums before the age of 50 years.
Currently, there are a variety of unit link health insurance options, or insurance that is connected with insurance. Unit link insurance products help customers have health protection and cash value at once formed from some premiums invested. Premium leave is a facility where customers can pay premiums not from cash, but from cash value. For example, you follow a link unit when you are 35 years old, so when you retire at age 55, you can pay insurance premiums from cash value and stop paying in cash. Thus, you do not have to worry if you do not have regular income or not as big as when still productive. You can just buy traditional health insurance whose premium is cheaper than unit link health insurance. But to be understood, traditional insurance does not recognize the facility of premium leave. So make sure you discipline pay premiums in retirement so that your policy does not lapse. To avoid defaulting premiums, you can start allocating savings to health from earning.