I hope it is not my lack of imagination. But most probably yes.

I don't know what illness one can endure that will cost more than 1 million ringgit to treat per year. Brain surgery only 200K toppish. Heart surgery also.
But I remember seeing  1 month Covid hospital bill comes out to be 400K rm.

The other point is: would you be able to live after that?
insurance is for protection and outlier events. Ask agents they would say more insurance better.

That’s why need insurance 1m. Just in case. But they all cover till age 100. After that need government hospital or have to draw down from capital 😰

Why don't make insurance work. Why use personal 500k iso. pooling resources. Your insurance maybe cost you only 50k

You are not wrong in your concept. I dunno what is the actual number to comment. But the concept is susceptible to "fluctuations". You are also not protected from the tail end risk.

Logically and statistically assuming we have data, most people will spend around an X amount on their medical bills, but there are also some on the tail end, where very small amount of ppl will spend a lot more.

Unless your buffer is very high, I might still suggest getting medical insurance with a really high deductible. 50k or 100k perhaps? Anything above 100k, they cover you. And the cost of insurance is a lot lower. The idea is to be covered even if the tail end event happened.

Food for thought....

lets be realistic, look at the other side.
if one earns RM2500 said money not enough, we can understand.

but you guys with income like that saying money not enough is audacious
if not contemptuous to them.

you rat-raced into a vicious cycle, spend more and more and then
force yourself to work  harder and harder.......no end lah

like that no matter how much you earn also no use.
patutlah money forever not enough 
you spend more than what you can afford
at the end have to  downgrade..

the fear you guys have is also morbid. scared there is no tomorrow?
so must spend spend now----- better to think positive and be optimistic
tomorrow will be better than today.

slippery slopes in life we got to avoid. if not we would fall.
living that flashy lifestyles is nice but dont forget  to also spend  on bodyguards as well.

if you managed to maintain your spending budget after retirement, then definitely you are in the top 1% wealth of Malaysia... its only around 2 million ringgit as per some survery...
(ie if your spending budget is more than 10K rm per month and if we use 5% return on wealth)

I feel 100k useless. I think 500k is where you will pickup speed.

Any tips on where to look for learn trading?