When the economy is poor, the unemployment rate increases. Many people are jobless. It’s difficult to find jobs. They have no income yet at home there are mouths to feed.
When peoples can’t find a job for themselves, eventually this will force some of the uncivilized peoples to commit crimes like robbery, snatch and others. As a result, crime rate will goes up. This indicates that our safety will be in danger. We may become the next victims of robbery or snatch theft.
Of course, having an insurance plan does not reduce the crime rate in Malaysia. But, at least it helps us to cover our medical bills when we are injured due to an accident, robbery and snatch.
In other word, it is not wise to terminate/lapse our insurance/protection plans during the economy downturn. What we can do is try to reduce our annual premium by reducing the coverage.
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