Few weeks ago, I asked one of my old classmates about insurance. I assume that he does not have much experience in insurance since he has only got his licence recently. Well, you know, it seems to be much easier to talk to someone whom you know rather than some strangers selling insurance.
The only thing that I would like to know is the method to pay insurance policy bought in Malaysia while living in UK before going into the types of insurance available. According to him, his brother pays the monthly repayment through his sister’s credit card account but there will be no medical card issued since his brother does not live in Malaysia. For now, I guess I will be looking out for yearly repayment as well as doing some term life insurance comparison before looking at other types of insurance policies. Monthly repayment does not sound feasible to me.