Don't rely on your company insurance - $45 payout for stroke

Relying on your company insurance may be disastrous.

1. Cover is usually not complete as companies wish to save costs (as shown in the article where only $45 was paid out for stroke).

2. You lose your cover when you leave the company.

3. You may be 'forced' to leave the company in the event of a prolonged illness or disability.

4. You may change job and your new company offers even lesser coverage than the previous one.

5. When you try to apply for personal insurance when points 2, 3, or 4 happens, you realize that your health is not insurable anymore due to your deteriorated health (weight, blood pressure, cholesterol, etc), a past illness, injury or hospitalization.

So why take the unnecessary risk? The days of relying on a company for employee welfare are long over. Now is the age where companies' main focus is on profits. Ensure your personal insurance is in good shape and don't leave things to chance, cos you might not be able to afford it when chance happens.