my biggest regret is spending money on takaful/insurance.

i came from a very healthy family, low risk lifestyle, but paid so much for medical card which every 5 years will increase. plus the ILP is outright scam. i will get better return if i invest the money somewhere else.

the bonus part is the agent ran away and ask me to settle with his previous supervisor.

now i'm advocating ppl to not get medical card + ILP, enough with life/hibah takaful.

I used to think this way,  but this is another alternative thinking, at 30 years old ----->

a 150medical + 150 investment = total RM300 per month

don't count the first 150 because it's supposed to be "utilized"

"invest" at 10% compounding annually over 35 years, u get 518K

at 120th months (40 years old, 10 years later) your own investment portfolio value is RM30kish

if you get sick or get into motor accident, stay private 1 week, use 15k? half of your investment gone. worse, if major operation.

sure, there are public hospital and sometimes they are better in terms of equipment, but can you wait the queue? if motor tumbang, now covid time go in, feeling worry? family members come to take care or visit still need to rampas parking. Penang GH situation.

remember, at 10th years, u paid a total 300 X 120 = 36k premium, half of it is in your investment. and you already get to utilize rm500k minimum medical or even more if u are young, I don't know

outside agent will use second year kena accident to scare you.. but I think my example is moderate..

at 150 per month, "invest in yourself" in out in out bursa how many supermx only can cover 1 time sick ? insurance is not to earn money leh.. the Investment link policy here is also not for earning, is to cover shortfall or times when policy increase price like TS mentioned.

just my opinion. tq bro
edit : my 518k is derived from financial calculator app or online webpage, you may find it to calculate..