QUOTE(Colaboy @ May 15 2011, 03:32 PM)
Well our tax relief is:
RM6000 for Insurance + EPF contribution
RM3000 for medical insurance
RM1000 for Annuity (retirement plan some may call it)
I'll put a general quote here k, of a age 30male non smoker
Yearly premium 1200, policy term is 35
Guaranteed income is RM2160X10 = RM21,610
Non Guaranteed at the age of 65 = RM22,888
Total tax relief for 25 years = RM30,000TOTAL = RM74,498
Total premium paid for
25 years is RM30K
Added on May 16, 2011, 8:56 pmQUOTE(Colaboy @ May 16 2011, 01:09 PM)
Minimum is RM100/month its same as above

some corrections here:
Guaranteed income is RM2160X10 = RM21,610
Non Guaranteed at the age of 65 = RM22,888
Total tax relief for 25 years x RM1K = RM25,000
TOTAL = RM69,498 Total premium paid = RM 30,000
Total income = 21610 + 22888 + (25000 x 26%) = RM 50998
To get 50998-30000 =RM 20998 u need to take for 35 years (65years old - 30 years old)
My godness....correct me if I m wrong!
This post has been edited by firee818: May 16 2011, 08:56 PM