If you are keen on getting your first medical insurance, be sure to :
- hold off any comprehensive health screenings until your application is approved and after the cooling period has ended.
- annual premiums are still reasonably priced so long as you obtain it before the age of 40. However, obtaining a plan earlier on is better – it is cheaper, you are likely to have a cleaner bill of health and a lower chance of having the application rejected.
- if worried about affordability or thinking of working/migrating overseas in future, obtain a cheap medical coverage first. You can always change to a more comprehensive coverage later on or stop paying without losing too much. Most importantly, you want to be in the system early because the medical/health disclosure form needs to be completed only once.
- it is OK to meet several insurance agents and obtain different quotations from different companies. Never feel pressured to accept a coverage you are uncertain or uncomfortable with.
- finally, always do your own research of available plans/companies and discuss your personal circumstances with your insurance agent. The suitability of any plan differs on a case-by-case basis.