Malaysia investors are more concerned about the affordability of healthcare in retirement than deteriorating health in old age, in contrast to their peers elsewhere in Asia for whom declining health is the main concern, according to new research from Manulife.
Findings from the Manulife Investor Sentiment Index* (MISI) survey for the first quarter of 2014 show Malaysians (51 per cent) to be the least concerned about declining health in retirement of all the markets in the region. In contrast, investors (64 per cent) across Asia cite this as their number one concern as they look ahead to retirement.
During retirement, Malaysian investors estimate that healthcare and medical expenses will make up 13 per cent of their total monthly expenses. Those investors intending to maintain their medical insurance in retirement expect to spend a further 10 per cent on premiums for health and medical insurance. In their estimation, only household expenses and daily necessities (28 per cent) will account for more each month.
“While their priorities differ, deteriorating health is unquestionably a concern for Malaysian investors as it is for everyone else,” said Mr. O’Dell. “They obviously want to protect their savings and running up high healthcare expenses is not a good way to do that.”http://www.manulife.com.my/about_us/Pages/NewsRelease.aspx?newsid=98
Findings from the Manulife Investor Sentiment Index* (MISI) survey for the first quarter of 2014 show Malaysians (51 per cent) to be the least concerned about declining health in retirement of all the markets in the region. In contrast, investors (64 per cent) across Asia cite this as their number one concern as they look ahead to retirement.
During retirement, Malaysian investors estimate that healthcare and medical expenses will make up 13 per cent of their total monthly expenses. Those investors intending to maintain their medical insurance in retirement expect to spend a further 10 per cent on premiums for health and medical insurance. In their estimation, only household expenses and daily necessities (28 per cent) will account for more each month.
“While their priorities differ, deteriorating health is unquestionably a concern for Malaysian investors as it is for everyone else,” said Mr. O’Dell. “They obviously want to protect their savings and running up high healthcare expenses is not a good way to do that.”http://www.manulife.com.my/about_us/Pages/NewsRelease.aspx?newsid=98
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