Takaful for Life: Young Adult Phase

If you’re not a takaful participant and are wondering when is the ideal time to start, the answer is simple: now. Whether you’re a young adult or approaching retirement age, accidents, and medical or financial emergencies can occur unexpectedly at any time. The earlier you start preparing for such eventualities, the more financially protected you will be when such incidents occur.

The young adult years 

While there is no fixed definitive age or definition for a young adult, they are typically categorised as those who are in their late teens to the late twenties who have completed their secondary or tertiary education and are starting to become financially independent individuals. Young adults are motivated and excited about their future while enjoying social relationships with a larger group of friends. Some have a guiding compass and know exactly what they want to achieve in life and tackle it with gusto, while others take this opportunity to explore different paths and try different careers to see which suits them best.

As fresh faces in the workforce, the starting salary of most young adults will likely be on a smaller scale, sufficient to cover student loan payments, getting your first car, paying your personal bills, having the occasional meal out, and contributing to your household budget. After putting aside some income for savings, you may not have much left over for other expenses.

Takaful contributions, however, are something you should not choose to forego in order to have a little extra to spend every month.

While it is true that young adults are in the prime of their health with good strength, stronger immune systems and low mortality rates, they are also more prone to reckless behaviour and often participate in activities that could result in injury. This will put you at risk - medical, accidental or financial. Imagine breaking a bone from playing futsal and requiring treatment or surgery and hospitalization. Will your limited income and savings be able to cover your medical bills? You could turn to your parents for help, but what if they have limited funds too?

Get started with PruBSN AnugerahPlus

PruBSN AnugerahPlus is a great entry-level, Shariah-compliant takaful plan for those who are in their 20s and are taking their first steps toward financial independence. With a minimum contribution of only RM50 a month for a basic plan, it is an ideal protection plan for those with small expendable incomes. This is the first comprehensive takaful plan that covers 43 types of critical illnesses, medical benefits, hospitalization, accidents and more.

Do you have an additional RM20 to spare? With a takaful contribution of only RM70 a month, you will also receive a basic death or total permanent and disability coverage of up to RM100,000 – a sum that can be very helpful to yourself or your beneficiary if the worst were to happen. If you need more comprehensive coverage, additional riders can be included in your basic plan. You can also increase your monthly contributions at any time to receive higher benefits.

With a coverage term option of up to 100 years of age, PruBSN AnugerahPlus is a protection plan for life as it can grow with you. Furthermore, you don’t have to be in your 20s to start subscribing to PruBSN AnugerahPlus. Whether you’re 16 or 60, this is the perfect plan for affordable, basic takaful coverage.

So, instead of worrying about unforeseen circumstances or ignoring them altogether, enjoy your young adulthood with peace of mind by subscribing to PruBSN AnugerahPlus. We got you covered.