It was reported that the 22-year-old student who collapsed and died after completing a 21.1km half-marathon on Sunday, was regarded by his friends as a 'man of steel'. My sincere condolences to his friends and relatives. It is indeed shocking how such a young and healthy individual could collapse and die in this manner. Once again, this incident is a reminder that it is a myth that the young and healthy do not need any form of risk management planning. In fact, the following are common myths that people hold:
- “The young do not need insurance because they are healthy.”
- “The best insurance products come from the same insurer.”
- “All insurance products are the same in pricing and benefits.”
- “My company’s medical benefit is sufficient.”
- “Good insurance is too expensive.”
- “I will buy insurance when ...
