Health insurance to cover all Indonesians

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“…The landmark programme launched on Dec 31 could prove to be a key legacy of President Susilo Bambang Yudhoyono’s administration in his final year in office. It currently covers 121.6 million poor and unemployed Indonesians and public servants, and will be compulsory for all 250 million Indonesians by January 2019”

….”The scheme will assure lower-income Indonesians such as Mr Paimin of free outpatient and Class III treatment – the lowest category of care in Singapore and other countries – at hospitals and clinics for a mere 25,500 rupiah a month. The bottom third of citizens – some 86.4 million who fall below or close to the poverty line – are exempt from the premiums. Another 35.2 million, including civil servants, soldiers and policemen, will also be included in the scheme, bringing the number of insured to 121.6 million. Coverage is meant to be comprehensive. It covers birth and maternity cases, as well as those who are already ill or getting treatment. But, it is basic.

“….Dr Nafsiah said officials can use easy-to-understand approaches to get the message out: “Last time when we fell very ill, our whole family donated money. But with BPJS, everyone across Indonesia becomes family. They will pay your medical expenses when you are ill. This is the way we explain how insurance works.” ”

Read full article here

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The young do get breast cancer

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SYMPTOMS OFTEN DISMISSED

While it is true that the risk of breast cancer increases with age, younger women are not spared.

In fact, 10 to 13 per cent of breast cancer patients here are below 40 years old. These young women are not recommended for routine breast cancer screening, because mammograms are less sensitive in picking up cancer in dense, young breast tissue than in older breasts.

For young women, breast self-examination with the aim of detecting symptoms, such as breast lumps or unusual nipple discharge, is typically the key to early diagnosis.

However, many young women and doctors tend to dismiss these early warning signs, because they believe the women are too young to contract breast cancer.

Hence, delays in diagnosis are all too common.

In addition, breast cancer in young women is more likely to be aggressive, high grade and unresponsive to hormonal treatment.

A combination of these factors result in poorer survival rates for young women with breast cancer than those for older women.

Doctors are typically confronted with otherwise healthy patients facing a life-threatening disease.

Read Full Article here

Rama Krishnan

+6012-3208475

 

As living costs spike, more Malaysians seek help from debt counselling centre

Reason for Debt……..”Johan, who works in information technology, and Diana (not their real names) ended up at the AKPK counselling centre in Kuala Lumpur after finding themselves knee-deep in debts.

With two children to support, they are their wits’ end as the banks have started calling in their loans. The couple realised that they would not be able to pay off their debts with Johan’s monthly salary of RM2,000.

“We have two car loans and credit card debts of more than RM20,000. Every month, we are expected to pay more than RM1,500 to the banks, which we obviously cannot afford,” Johan told The Malaysian Insider.

Diana stopped working early last year to continue her studies. They thought they could manage with one salary, but the cut in fuel subsidy in September hit them hard.

They claimed the fuel subsidy cut had a domino effect on their lives.

“Household items costs a lot more. We found we could not make ends meet. We moved in with my parents to cut cost but it did not help much,” he said.

The constant worry about money and their escalating debts also strained the couple’s relationship.

“We fight almost constantly about money and this has taken a toll on our marriage.

“That is why we decided to come here. We really need help,” Diana said”…………….

Read The Malaysian Insider for full story

Blogger’s comment:- The biggest challenges humans generally face is procrastination and need for instant gratification. The writing is on the wall telling us about the increasing cost of living.

Question is if we still want to remain in our comfort zone ( and enjoy instant gratification) or take action NOW ( fight procrastination)

Call me to explore options to enjoy a better lifestyle

Rama Krishnan

+6012-320 8475

The science of willpower: Kelly McGonigal

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It’s the second week in January and, at about this time, that resolution that seemed so reasonable a week ago — go to the gym every other day, read a book a week, only drink alcohol on weekends — is starting to seem very … hard. As you are teetering on the edge of abandoning it all together, Kelly McGonigal is here to help. This Stanford University psychologist — who shared last year how you can make stress your friend — wants you to know that you’re not having a hard time sticking to a resolution because you are a terrible person. Perhaps you’ve just formulated the wrong resolution.

McGonigal has, for years, taught a course called “The Science of Willpower” through Stanford’s Continuing Studies program and, in 2011, she spun it into a book, The Willpower Instinct. The TED Blog spoke to McGonigal this week about how willpower is often misunderstood, and what we each can do to improve it. (We also asked her about today’s talk — Why dieting doesn’t usually work.) Below, an edited transcript of the conversation.

Read more here

 

Also her take on controlling willpower

 

 

 

 

Amy Cuddy: Your body language shapes who you are

Fake it till you make it
Fake it till you become it
The science behind body language

For actual site & transcript of video
TED: Ideas Worth Spreading

Malaysia’s King of Mini – Marts

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A fine example of an  entrepreneur who never let his handicap get in the way of success and who can put many a fully-abled person to shame. Truly an inspiration to me

Lee, 42, the founder of the 99 Speedmart chain of stores is Klang’s undisputed “Mr Mini Mart” and runs his business empire from a wheelchair.

At eight months, he was struck with polio, rendering his legs unuseable. The disability had in no way affected Lee’s zest to succeed in life and business. Pointing to his wheelchair, he said: “This is nothing.”

Life should not be lived bemoaning what you don’t have. Rather, it is about using what you have to build something for yourself, your family and the community,” added Lee, whose journey to success has been one of blood, sweat and tears.speedmart

Life has thrown challenges at Lee at every turn. He was born into a poor family and his hawker mother and contract labourer father fended for their 11 children as best as they could.

However, the financial burden was just too much. His parents cried when they told Lee he could not attend secondary school because the journey was too far and they just could not afford the transport fare.

“I was sad but undeterred. I borrowed textbooks from neighbours and read them at home. I also read the newspapers and magazines,” Lee recounted.

At 23, he opened his first grocery shop in Jalan Tepi Sungai here.

“I took to trading because there were not much employment opportunities for me. Let’s face it, a man in a wheelchair with a primary education is not exactly in high demand.”

In a few years, his shop became the best grocery store around – known for its good customer service, fair price and variety of goods.”

“I took to trading because there were not much employment opportunities for me. Let’s face it, a man in a wheelchair with a primary education is not exactly in high demand.”

In a few years, his shop became the best grocery store around – known for its good customer service, fair price and variety of goods.

Business was good but Lee wanted more challenge. He sold the shop to a relative and opened a mini-market in Klang Utama with RM300,000 seed money in 1992.

“I was not afraid, having been in business for five years. I knew I could do better and at that time, the big hypermarkets were not around yet,” said Lee, who now owns 44 convenience stores here and in the Klang Valley. While the business has given Lee a tremendous sense of achievement, it is his wife Ng Lee Tieng, 27, and their two children, aged four and six, who have brought him much joy and a sense of completeness.

“Lee Tieng is my source of strength. Her vivacity complements my more reserved nature.

“More importantly, my wheelchair is invisible in her eyes and those of my kids. Their love allows me to walk tall, run, sprint and race towards success.”  

Read actual story at The Star,and even more at Forbes

Rama Krishnan

+6012-3208475

More Malaysians to be declared bankrupt, says daily

MARKET9_540_360_100“The number of bankrupts in Malaysia is expected to rise following the recent price hikes in electricity tariffs and other household goods, as well as the removal of sugar and fuel subsidies.

Singapore’s Straits Times reported today that last year, more than 60 people were declared bankrupt daily until September, with the figures up from 53 people a day in 2012.”

………”Credit card debt has gone up. The amount owed to banks for longer than six months to November last year stood at RM426.4 million, compared with RM402 million in the same period in 2012, the daily said.

Credit Counselling and Debt Management Agency (AKPK) chief executive officer Koid Swee Lian said credit card users also “have themselves to blame”.

“In Malaysia, only about half of the credit cardholders pay above the minimum required amount of 5% of total owed to banks each month, whereas in Japan and Korea, it is 89% and 87% respectively,” she said.”

………..”It also highlighted the plight of a 26-year-old salesman who is now struggling to pay off a RM10,000 loan he had taken to foot hospital bills following an accident. He earns RM 2,300 and has no credit cards and he, too, is seeking help from AKPK.

“People like us just don’t earn enough,” he said. “Even insurance is a luxury.”

Read more from Malaysian Insider

Presently, tightening your belt may be necessary, under the present circumstances,

But perhaps it may be time to actually seriously think about increasing your income?

Call me for more information about how you can work with

just about the best financial institution in town

Rama Krishnan

+6012-320 8475

Today, I chased after a woman, but she bolted off just about when I almost reached her

Wait! Wait! Before you get the wrong impression, I am not the one or of the age either, to run after any women, but a happily married man with 2 wonderful kids.

Let me start my story again. Today was the second day in my attempt to get fit again with my morning walks. Three days earlier, going round in circles in the park near my house, I managed to brisk-walk about 1.2 km in about 15 minutes. Today I intended to spend the same time, but cover a greater distance.

As I started my walk, I noticed a woman keep a fairly good pace across the field. So I decided that I would call it quits AFTER I managed to catch up with her. I managed a good pace, slowly but surely catching up with her. Just as I was a few meters behind her, she suddenly exited the park, got into her car and drove off. I was so focused in wanting to catch up with her, that all of a sudden, I was a bit lost as to what I should do.

Anyway, cut the story short, I managed to cover 20 mins today and covering a distance of 2.5km

Why this story? Well, 2013 is closing to an end, to herald in a new 2014. And it also a time when we set goals and hope for a better year compared to the earlier years. Goals are important if we want to be in charge of our destiny, otherwise we would most probably live our lives being victims of anybody or anything.

Some pointers from my story

1) Goals help you know

    • WHERE you are now and where you want to be,
    • WHY you want to be there,
    • WHAT you need to do to arrive there,
    • HOW you arrive there and know
    • WHEN you have arrived there.

If I didn’t set my mind to catch up with her, I would have done a poorer pace

2) Although goals are set, we need to be flexible at times, to adapt to new circumstances facing our plans. The woman disappeared suddenly, I just continued on another circle and stopped, knowing that I had achieved more than expected for the day

3) I think the most important lesson here is that, knowingly or unknowingly, we affect other peoples’ lives for good or for worse. Unknown to her, she actually helped me perform better today in my fitness program today. Question we need to ask is, how much we are affecting other peoples’ lives, be it friends, family or even strangers. Is it for better…or is it for worse?

I think the biggest issue we will face coming year will be the rising cost of living, be it fuel, electricity, tolls, etc. We can either focus on cutting costs to live within our means, or proactively work towards generating greater income for ourselves to enjoy a better quality of life

Financial planning, investment planning, insurance planning or however you may wish to approach it, offer opportunities for those wishing to enhance their quality of life in insurance selling. It also enables us to improve the lives of our clients through protecting their assets and increasing their savings and investments, ultimately assuring their quality of life

Zurich Insurance Malaysia is a global insurer, wishing to increase their presence to the Malaysian public. This is very obvious in the various branding campaigns that are ongoing now. It is a wonderful company that is sparing no effort in creating quality Sales Advisers and superior Products. The following press release also shows why insurance is the way to go

Contact me to know how you can better your life and those who matter to you with Zurich
Rama Krishnan
+6012-3208475

“…..Given the country’s strong economic growth, life insurance premiums in Malaysia were set to grow 5.4% in 2014, compared with the global average of 3.9%, Swiss Re said. — Reuters”
More Here

Electricity tariff up 15% next year, minister announces

Following weeks of speculation, Putrajaya today announced that electricity rates in Malaysia will be up by 14.98% or 4.99 sen to 38.53 sen per kWh, effective January 1 next year.

Energy, Green Technology and Water Minister Datuk Seri Dr Maximus Ongkili announced the new rates in a press conference at the Parliament lobby today.

This move was anticipated after Putrajaya announced its plans to trim fuel subsidies for power producers in the first quarter of 2014

Read more here

Similar to my previous blog, the question here is, will your pay hike and coming bonus be enough to offset your electricity cost and resulting costs increase

One move you could do would be to cut your expenses. Another would be to increase your income and maximize investment returns. If you are interested in the later, please contact me for opportunities available in Financial Planning.

FP happiest job

Click here for page

Rama Krishnan

+6012-3208475

EPF Retirement & Your Savings

EPF Savings & Your Retirement

See actual KWSP pdf brochure here

*Note that the Basic Savings quantum on pg 9 of the brochure has been revised UPWARDS effective 1st January 2014

Eg for age 55, the minimum amount will be raised to RM168,000 from current RM120,000 . You may contact me for more info

Rama Krishnan

+6012 – 320 8475