Hi all, just to share..

26 years old, my current Insurance Policy as follows:-

Premium: Previously RM150 per month (3-4years ago when I just started working), just topped up this year to RM550 per month (investment linked) after income more stable and just bought a new property.

Life/TPD: RM400k
Accident (Death/TPD): RM200k + Medical Expenses RM2k + Weekly Income RM300
Critical Illness: RM90k
Early Critical Illness Protector: RM70k
Medical Insurance: R&B RM150/day, Annual limit RM62.5k, Life Time Limit RM625k
Hospital Cash Income: R&B RM150/day, ICU RM100/day, Surgical Procedure RM2.5k per surgery

Projected Cash Value by the time I reach 54 years old: RM240k+

Note: I am also covered by my company;s medical benefits but the coverage is minimal.

Any comments would be highly appreciated.

Dear Almeizer,

My life coverage is about 2/3 of my housing loan amount. I think it will be sufficient for many years to come until I have dependents and more housing loan

My company's medical benefit, amongst others, cover 150/day for R&B and 20k annual limit. For now, I believe my medical insurance is sufficient to cover the shortfall to stay at a better hospital, if necessary.

And yes, I think the CI coverage is a little low. Next time when I decide to review my policy (probably in the next 3-5 years), I'll keep in mind on my CI coverage and annual limit. Or do you think I should get it adjusted soon (without increasing my premium-is that possible?)

Yes, I am aware it is projected only

Many thanks for your comments.

Best Regards,
AJ

Thanks ExpZero

I will find time to meet my agent and reassess my coverage again, without increasing my premium

Hi Roy,

Can I check with you on this? Does Prudential allow? Thanks.