How old are you?

60k definately not enough.... People is aiming for 500k, 1 mill or so.
Premium like 300-400 per month, depending on your age.

well...yes perspective is age.
me heading to 50 already. purchase it when i was in my mid 20, and add another one in my early 30. So pay around Rm 500 for these ( include life insurance, and bundle with some investment)
Last time is like tat la, always mix with investment- promise decent return and such. but looking back- the return is really crap- 2% or so. that is where insurance company make their money.

Eh- the premium does not goes up as you aged. basically the younger you start buying- the cheaper it is per month ( but it add up over the years la, coz longer duration paying). Yes- we know they can increase the price with bank negara approval- but so far under control.


Anyway- moving forward- realized hospitalization is more important- with medical fees keep going up - so added an insurance coverage for medical 2 years back.
it was suppose to be Rm 400 or so for 1 million cap per year until 85 years old. - but based on medical report got some minor issue with my liver > end up need to pay around Rm 600 or so.


in short= i pay monthly Rm 1k+ per month. For a peace of mind.

how much and what to buy... really depends on your age and economy condition. Dont over stretch it.

well... have to balance a little ba.
i would have enough savings to pass down to family if i die now, or die later... > so life insurance isnt that important from my perspective.

CI- is like kena the unfortunate lottery of the 36, will get some consolation.... but how much is this 300/500k?

my worry is fall sick, then need large sum for treatment/operations/recovery. so i put more focus on medical fees.



Also - i wrong perceptions that my company got this term life/medical insurance for me.... that was true when i was younger and got less to worry.
now seems that it is not enough anymore, and what if - kena MSS or going pencen. those insurance will be gone- and will be expensive to purchase in the 50s.

yes- many insurance agent will like to "mis-informed". ILP is where most their bonus and profit come from.

they are not stupid fund manager.... just that they take a big cut on the return on investment.

i recall compare to the table they give- on the return after 10 years. ( worst case- normal- best case).... the actual return is lower than worse case. when i bring this up to my agent ( which is a friend)... he was acting like confused forget what he sells