hi HumbleBF, perhaps you can tell us what will be your concern in getting insurance. what do you want to be covered? take care of medical expenses? payout a certain amount in a critical event? etc...

Hi HumbleBF. Very detailed update. For mid 20’s, the plan looks good to me. For medical card, the annual limit is high enough (2.12M).

For life insurance and CI insurance benefit, it all depends on how much you need then.
1. Life Insurance to cover any liabilities you have which is not covered? Eg: mortgage, hire purchase, cc debt.
2. Critical Illness to provide you funds during your recuperation period if diagnosed critical illnesses. How long do you want this amount of fund to take of you?

ok that's great. so long you are sure of what you want. the CI payout fund is mainly to provide your living expenses in the event of unable to work due to recuperation from critical illnesses.

say for example my current living expenses is monthly 2k. in the event of critical illness, say I wanna have additional RM500 for supplements due to that illness, so i will need average RM2.5k per month. so say i want a fund that can take care of that RM2.5k per month expenses for 50 months, I will wanna have a CI fund of RM137k ready (factoring 5% p.a inflation).

This is just a rough idea. so you yourself know best what your concern is and what solution you need.

This post has been edited by ckdenion: Apr 5 2021, 04:55 PM