Roughly 50% of Malaysians don’t have life or medical insurance. I’m one of them but curious why people choose to avoid this. My personal reason is to rely on government services since I’m paying tax and my company provides insurance already. Also, there are research showing hospitals charging 3 to 4 times higher if you’re claiming through insurance compared to paying the bill yourself. Another reason I’m avoiding insurance. I’d rather keep the insurance premiums as personal savings.