similar response as per post#7 of
https://forum.lowyat.net/topic/3470405/+0#entry72504474

see currency chart as at 23 jan
http://www.fundsupermart.com.my/main/artic...20150123_MY.pdf

try ZIP it first before upload?.
maybe can...bcos, for Excel file it have to be ZIPPED before can upload.

while waiting for more value added info from sifus with the right unbiased insight to response...
may I know, how much is your income/net worth?
any liabilities/loan?
is your work risky or dangerous to one health?
are your engaged in any dangerous activities?
does your employer provide insurance coverage other than socso?
is your parents able to handle themselves financially (if you are not able to?) (any brothers or sisters can help)?


This post has been edited by T231H: Mar 28 2015, 03:45 PM

thanks for the provided info.....

personally I think for your case...1 mil is TOO much....don't buy for now is better.
well that is just my thought...I am no sifu on this insurance matters.....hope the sifus that is unbiased and professional can provide more insightful views, can response with the available info soon.

while waiting for response from unbiased and professional responses....
I googled and found these...hope they are not biased and can provide some basic info for consideration....

How Much Critical Illness Insurance Cover do you Need? -

See more at: http://kclau.com/insurance/how-much-critic...h.XFQJK5jR.dpuf

http://www.investopedia.com/articles/pf/06/insureneeds.asp

http://www.forbes.com/sites/lawrencelight/...ance-do-i-need/

http://money.cnn.com/magazines/moneymag/mo...on20/index4.htm

http://www.cnbc.com/id/102046262

at times there is NO buffer or "negative buffer" yet the bank approves it...
a friend of mine
income RM 8000 pm
minus EPF, PCB tax, Socso
net about RM 6000 pm
recently bank loan approves RM 4000 per month loan installment.... ....
to add some thought....he is a bread winner with a wife and 2 kids....
just wondering what is the loan approval criteria?

the wife is co owner of new condo...did not submit name to take loan. the husband is the sole borrower.
my 1st reaction was...WOW...the bank really want you to die-lah...

will the premium paid for the medical card that you got it "cheaper" during your younger days continue to rise when you are older?

Possible....but from the maths above...he is left with RM 2000 pm to fed a family and etc....
if "can" take EPF a/c 2 to pay......I think it can just last 2~3 years only (4000x12x3=144 000)

DELETE

This post has been edited by T231H: Apr 1 2015, 10:22 AM

while waiting for financial/accounting sifus to response....
may I give a quick and simple sum up.....
32K loan 7 yrs to go
save 5K if settle now
5k divided by 7 yrs = saving of 714 per year.

27k (if did not use the monies to pay back loan but LEAVE them in investment house)
27 X 6% (app interest pa) = 1600 pa

need to redo calculation...maybe my cal are wrong

found this while googling...hope it helps....
What is inflation and how should it affect my investing?
http://www.investopedia.com/ask/answers/156.asp

How does inflation affect your investment?
https://www.equitymaster.com/detail.asp?dat...your-investment

The relationship between inflation and investment
http://www.investingexperience.com/the-rel...and-investment/

Inflation and Its Effects on Investment
http://econc10.bu.edu/Ec341_money/Papers/Gerolamo_paper.htm

Inflation and Its Impact on Investments
http://www.pimco.co.uk/EN/Education/Pages/...tionPrimer.aspx

Inflation And Investments
http://www.investopedia.com/university/inf.../inflation4.asp

more on google....

while waiting for more value added response from others...
I found this while googling...
hope it helps to provide some info while waiting

Getting Started
It is never too late to start taking control of your money matters.

Get started by thinking about how you manage your money everyday and what goals you have for the future that will cost money, e.g. further education, a wedding, your retirement. Our guide on Financial Planning can help you with basic money management, like setting a budget, working out how much you need for your goals and how to go about achieving them.

MoneySENSE guides can help you assess insurance products for your healthcare and also to protect your loved ones. We can help you understand debt and how to manage it. You will also find information to help you build up some basic investment know-how as well as guides on common financial products. Get started by clicking on Financial Planning now.

http://www.moneysense.gov.sg/Getting-Started.aspx

-deleted-

This post has been edited by T231H: Apr 2 2016, 06:26 PM

normally, people would advise having some kind of "emergency" funds filled up before getting into investment.
the amount of this emergency would have to "also" depends on your easy of getting another job of similar pay, your ease of getting loan from family members for those just incase situations.....(like yr bike kena major repair)...... and other considerations.

btw,...you are looking into investment into high dividend stocks......found some articles about danger of high dividend stocks.....
Everyone loves dividends, but reaching for yield can have disastrous consequences.
http://www.fool.com/investing/general/2016...s-to-avoid.aspx

This Stock Has A High Yield Of 6%, But Are Its Dividends Safe?
https://www.fool.sg/2016/03/11/this-stock-h...dividends-safe/

just a note: there is always risks in investment...some are higher than others, and some may have changed over time.....


This post has been edited by T231H: Apr 2 2016, 06:51 PM

which of the 3 charged you the most interest rate?

try google personal loan calculator for a "guide" on the amount to repay....

hope you can check with your up line to see if your method is workable or not before posting....

just that what forummer Dasecret mentioned is the true practice currently...