Medical insurance encompasses a wide scope of policies that will cover the cost of medical treatment, the most popular of medical treatment, the most popular of which are hospitalisation insurance and critical illness coverage. 
"Having hospitalisation insurance is important as it covers the risk of hospitalisation due to illnesses and accidents. The uncertainty of treatment needed and medical expenses can be a huge financial burden for most people. " If you insist to save your money all in the bank, a lengthy hospital stay can wipe out one's entire life savings. But, with medical insurance, one will have access to contingency fund to offset unexpected medical expenses, thus protecting your hard-earned savings for your children's education or your retirement.
However, this is not always true, especially if you are buying at peak prices or the property is not in a good location. There are many "hidden expenses" in house ownership, such as stamp duty, agent's fee, taxes, down payment for electricity and water supply, repairs and maintenance, low rental returns and possible periods of vacancy. Sometimes, renting a home would give you better returns if you invested the difference between your rent and the mortgage payment.
