Should I continue this insurance policy?
I just signed up an insurance policy. The offer is from AIA telemarketer. They approached me because I have been holding their insurance plan few years ago until now. This new offer is about medical protection plan which can cover natural disaster. The premium is RM57/ month.
I thought this new policy plan is a Return of Premium (RoP) plan where they will refund the money that I have paid to them when the premium is matured. But I was wrong, so I decided to cancel this insurance premium within 15 days so that I could get full refund.
Now the dilemma is I will go to Bali in July. I read a prediction article said that July will have tsunami or some other bad things going to happen. I think this email is circulating around. If so touch woods something happen to me, I still get covered with this insurance policy. I know the premium is not so much, but I also don’t want to continue with a policy that I don’t want.
So, will you continue this policy because of that prediction?