Hi guys,
i am sure there's a post somewhere that says how much of a % we should allocate for our insurance.

i have this insurance many years back, easily close to 20 i think.

I have never top up before so the coverage, if my memory is correct, should be around Rm100~Rm150k.

Recently my agent been whatapps me asking if i plan to increase, as the guideline he understnd would be 10% of our income.

The plan i have, is definitely <10% of my income.

So is it true that 10% is the guideline? Or there's other factors i should consider as well?

I see. Thanks for the info bro.

The reason why i am pretty reluctant to increase was, i have been paying for close to 20yrs, and i have utilize them zero times.

Granted i would not want to use them if i have a choice, but i felt like its kind of throwing money into sea.

Eventhough it's not alot at Rm300/month..but for RM3.6k per year x 20, it's RM72k already....that's money i can use for alot of things.

So kind of in dilemma.


Added : Also, there's RM150/mth or medical card..never use them for past 20 yrs also. That's another RM36k.

All in all, RM72k + RM36k = RM108k..i can buy a vios with cash and still have over 15k for petrol and modding

This post has been edited by Level 60 Wizard: Feb 25 2019, 04:51 PM

Got it bro. Good sharing. I guess it's time to review my payout/annual limit coverage and see how much it is compared to what i have paid close to 20 yrs.
Thanks again!

Yup. THat's what i plan to do 1st. Discuss with my agent. I am 41. So i reckon insurance wont be cheap now lol

Thanks bro!

wah..guess i have been paying high monthly payment with really minimal protection/coverage.

thanks bro. will discuss with my IA and see.

Haha. Still, thanks for the sharing bro