Getting married is a precious moment in life. For those of you who have just married, or are planning a wedding, there is one thing you need to consider with your partner, namely: choosing the right insurance. When starting to build a household, maybe family health insurance is not yet a top priority
It is natural that you will be compelled to buy a house in advance, have a private vehicle, or even prepare for the arrival of the baby. However, when it comes to having insurance for your family, you think “We are all doing well.”
In fact, discussing insurance in the early days of marriage, will provide peace of mind for the future. Imagine if you or your partner had a critical illness until you were no longer able to work. This means that the source of family income is reduced. Moreover, if the situation occurs in the main breadwinner who does not have insurance. Can you imagine how much impact this will have on the family?
Choose Health Insurance or Critical Illness Insurance?
Which comes first, health insurance or critical illness? Let's check together.
1. Health Insurance
Health insurance is the first insurance instrument you need to have. Maybe you and your partner already had insurance before when you were alone. However, when the vows to live together have been spoken, it means you have to start thinking about family health insurance as a top priority.
One of the reasons young couples put off getting insurance is because they are waiting to have children first. In fact, one element of family health insurance is the benefit of giving birth. Of course, insurance can ease the burden of hospital bills when the moment of giving birth arrives.
According to the Alodokter website, the cost of normal childbirth in Indonesia starts from Rp. 2 million to Rp. 15 million. Meanwhile, the cost of caesarean delivery ranges from Rp. 11 million to Rp. 50 million. The cost varies depending on the host hospital, the class of care, medicines, and medical procedures performed during the delivery process. This means that you and your partner are encouraged to set up an emergency fund of 20% -30% of the estimated cost of giving birth above.
With relatively inexpensive costs, family health insurance can provide coverage for maternity care costs. In the MiUltimate Health Care insurance product from Manulife Indonesia,
The Insured will get benefits of up to IDR 50 million for delivery costs. As a result, the emergency funds that you prepare can be allocated for other needs.
2. Critical Illness Insurance
Basically, critical illness insurance is part of family health insurance. But what distinguishes it is critical illness insurance provides additional benefits that are much more specific. This insurance covers dangerous diseases that require large costs, are fatal and lead to the risk of death.
Why is critical illness insurance important today? Consciously or not, the risk of critical illness or known as degenerative can lurk anyone, including the productive age group. For example, narrowing of blood vessels or cardiovascular diseases such as heart disease.
Based on data from the Basic Health Research (Riskesdas), the prevalence of heart disease in the 25-34 year age group reached 1.4%, while in the 35-44 year age group it reached 3.7% per 1,000 population.
Furthermore, according to the same survey, at least 15 out of 1000 people or around 2,784,064 individuals in Indonesia suffer from this disease. Imagine, that's just one disease. There are still other degenerative diseases with a fairly high prevalence rate, such as stroke and diabetes.
What should be realized about the risk of critical illness is the health costs spent. Just so you know, the cost of bypass surgery or installing a heart ring can drain your pocket up to around Rp. 300 million in a private hospital. This disease tends to make the sufferer sick for a long time. It is not impossible, sufferers are no longer productive at work and eventually lose their jobs.
That's where the role of critical illness insurance. Broadly speaking, this type of insurance helps you and your partner avoid a financial downturn. He serves to provide a replacement cost of the loss of an income.
Well, another insurance that can be considered is MiUltimate Critical Care from Manulife Indonesia. This insurance provides protection against at least 50 types of critical illness. The premium payment period is relatively short, namely five years, but you can get benefits for the next 20 years.
The illustration is like this. Budi, 42 years old, has been paying MiUltimate Critical Care premiums for 3 years. In the fourth year, he was diagnosed by a doctor with a late-stage stroke that limited his physical abilities. From the illustration above, what will Budi get? There are at least three scenarios.
First, Budi will receive benefits in the form of 100% of the sum insured + 100% of the total premium that has been paid. Second, if the stroke causes Budi's death, the family will benefit 160% of the total premium paid. Third, if Budi is in good health until the premium period expires, he will still get 160% of the total premium paid.
Tips Before Buying Family Insurance
So, if you and your partner are already planning to have the family health insurance described above, let's look at these three tips before buying.
1. Understand Health History
It's common to talk about you and your partner's medical history in the early days of marriage. This includes noting various unhealthy habits, such as smoking, consuming junk food, infrequent exercise, and others.
This is important so that you can calculate the emergency costs needed in the future. Perform periodic medical check-ups to determine the risk of disease that will arise. Because, most diseases come without having serious symptoms.
2. Seek Maximum Protection
It is important to look for family insurance with maximum protection. Some insurances, such as MiUltimate Healthcare, provide benefits to the Insured with an age limit of up to 110 years. This age is considered to exceed the average life expectancy of Indonesians which reaches 71.4 years.
3. Pay according to financial conditions
Family insurance, including critical illness insurance, is not cheap. Therefore, if you and your partner plan to have this insurance, it is important to check the ability of your monthly budget to pay premiums. You can also pay it annually.
By having both of these insurances for you and your partner, at least you have provided a sense of security in the family. It's just a matter of how you realize other plans that you and your partner want. Enjoy your new life!