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Cancer Isn’t Just the Big C; It Also Comes with the Big M(oney)

Cancer Isn’t Just the Big C; It Also Comes with the Big M(oney)

Cancer Isn’t Just the Big C; It Also Comes with the Big M(oney)

Do you keep a fire extinguisher in your home, hoping it will never be used? What if you do need it one day, but realise you don’t know how to use it, or that it has expired?

Now liken this to your medical insurance policy, and you might see some frightening similarities.

That’s what I realised, when I spoke to Dr Murallitharan Munisamy, Managing Director of the National Cancer Society Malaysia, and Heng Zee Wang, Chief Marketing Officer of AIA Bhd, in our recent webinar, “Cancer Support Isn’t Just About Treatment.”

Cancer isn’t just ‘The Big C’. We need to also understand it as ‘The Big M’ - in terms of our Money and Mental health. Both Dr Muralli and Zee Wang shared some great advice on how to be better prepared if we or our loved ones are diagnosed with cancer:

  • Review your insurance policy every year. Think of it as part of your health check-up! As your lifestyle and life stages change, your financial and medical protection should grow along with you. Make sure it’s up-to-date, and covers the latest procedures and treatments.
  • Medical insurance is NOT the same as critical illness insurance. While having both would be ideal, it’s not always affordable for everyone. Make sure that you at least have medical insurance, and if you can afford it, critical illness insurance could be extremely helpful with your finances if you are diagnosed with cancer.
     
  • Mental health support is vital after a cancer diagnosis. Many of us don’t foresee the mental toll on a cancer survivor, especially when financial issues further worsen their burden. Always check in with your loved ones, and maybe reach out to peer support groups or a mental health professional. Know that you’re not alone.

The National Cancer Society Malaysia is available to guide you and your loved ones through these difficult times. You can call their toll-free helpline at 1800 88 1000 for advice on medical care, financial support, or psychosocial support.