Wow. I came to this forum at the right time!! Super detailed response to a question I was going to ask. Apologies if the post below reveals how ignorant I am about insurance.

I just gave birth 8 weeks ago to a healthy baby girl. My colleague's parents are insurance agents and I had a talk with them about baby insurance. I ended up buying a "package" for RM3,200 pa, for Life (RM50k I think), Early Critical Care (92 diseases??), and Medical (150 room). Very fuzzy about the details as I haven't received the policy document yet and I was so confused about the various components of the package. I thought that RM3,200pa seemed quite high for a baby, but I was told it was a "good investment" and "you can never buy too much insurance". Now that I've read the post from wongmunkeong, and some previous posts from Roy, I'm starting to question whether I made the right decision!!!

I understand that I have 14 days from receipt of the policy document to cancel. Once I get the policy document, is there anyone who can help me dissect it and see if makes sense for my baby, or if I've been duped? As a first time mum, I want the best for my baby and insurance seems like an obvious choice. However, with loads of other financial commitments kicking in, I can't afford to spend on things that are unnecessary or unsuitable for my needs.

Thanks in advance for any guidance you can provide.