Hi all,

What is the guide line (in ratio) of buying insurance against our income? Earn 5000... pay 500 for premium per month (10%)?

Currently, I have a few policies with not high coverage:
1) GEL whole life - 30k
2) GEL life + some medical protection, Death+TPD+CI - 40k
3) Prudential Investment link + med card + Death+TPD+CI - 50k
4) Prudential 10 year term, Death+TPD+CI - 100k
Total coverage about RM220k only (paying RM425 per month)

I also paying other policies for my family, about RM825 per month, thus, total spending RM1250 on premium every month.

Now, thinking of want to increase additional coverage...300k for Death/TPD with 150k CI, budget around RM200-300, possible?

Thanks.

This post has been edited by clickNsnap: Feb 23 2012, 10:48 PM

Mind to explain "But it won't cover early stages for critical illnesses (1st/2nd stages)"... sorry, not very clear about insurance stuff.

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Added on February 24, 2012, 11:18 pmNext birthday in March 42, male, no illness history, non-smoker, work in office (indoor). Thanks.

This post has been edited by clickNsnap: Feb 24 2012, 11:19 PM

Yes, we should try to get insurance protection as young as possible, our age is like '$ inflation', premium will be expensive when we get older... just like my case ... I wish I bought insurance plan much earlier.

This post has been edited by clickNsnap: Feb 28 2012, 08:32 PM