Hey UrbanGraduate,

An insurance coverage depends on your financial standing and how much you want to insure. Your age does not determine if your insurance premium is too high or too low.

With that said, work with your agent to best determine how much coverage you need.

Best,
Jiansheng

Depending you want to pay low for now or pay high later.
Paying low might still get the same protection but shorter sustainable. When insurance cost repricing then faster affecting your monthly premium.

Anyhow, start a new plan ASAP is important for your medical protection.
Be honest with your agent if really budget constrain. Riders adjustable.

hi TaiGoh, what concerns do you have on the company? they are regulated by BNM. claims wise I have no experience with them, but what I know quite a number of companies use Lonpac group insurance for the employees. the brochure is very simple, so might need to also read through the policy contract once you received it.
hi Razaelx, usually i will recommend the first 2 important thing to take care of, which is hospitalization and medical fee incurred (mentioned by you) and also a plan that can payout for your living expenses in case diagnose with critical illness and need long term recuperation period (usually recommend to have at least 3 years but decision is still up to yours).
hi UrbanGraduate, you are referring to "premium" too high or coverage too high? by the way, how much is your current monthly expenses averagely?

There is no such thing as "too high" or "too low", it depends on what you're covering and the price tag it comes with for "X" period.

You should ask yourself why 100k coverage ?

Why hospital income 100/day ?

Why Room 200 ?

If the monthly premium is within your means, I think you should aim higher coverage. You have many more productive years ahead.

I'm not sure what the agents have gone through to discuss things with you before the above was recommended. Looks to me that it was just cooked up like a packaged plan.

But if you're working within a fixed budget in mind then perhaps you should set what should be prioritized first in the coverage.

i.e since you're covered by the employer + parents working in gov sector, perhaps hospital income is not required