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 How much can a RM 150 insurance plan cover?

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contestchris
post Apr 2 2021, 07:42 PM

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QUOTE(cklimm @ Apr 2 2021, 04:54 PM)
Rule of thumb is like you pay a tenth of your salary,
that covers 10 times your annual income in event of death/disabilities.
*
This is just downright BS.

Any individual should only ever need life insurance (quantum depends on debt to asset ratio of the individual) and a medical card. Everything else is just fluff and you are better off investing that money.

 

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