An insurance budget has to sit alongside rent, loan repayments, savings and day-to-day costs. Decide which benefits you need most, then check the premium now and later on, so you can keep paying it. The figures below are early estimates to help the conversation, not quotations.
Premiums depend on age, health, smoking status, occupation and plan type. This table gives a first idea; ask for an illustration for your own situation before deciding.
| Tier | Monthly | Annual Limit | Key Features |
|---|---|---|---|
| Basic | RM 80 – RM 130 | RM 150,000 | Room and surgical benefits; co-payment may apply |
| Standard | RM 150 – RM 250 | RM 500,000 | Room benefits and pre- and post-hospitalisation treatment, depending on the plan |
| Wider coverage | RM 280 – RM 400 | RM 1,000,000 | Check the co-payment and extra benefits in the plan's terms |
| Premium | RM 450 – RM 700 | RM 1,500,000+ | Room options and overseas coverage, depending on the plan |
Term life insurance is a lower-cost option for life protection. It covers you for a set period and usually pays nothing when that period ends. Check the benefits, the term and the premium schedule before choosing.
Check which payment frequencies your plan offers, such as yearly, half-yearly, quarterly or monthly. Compare the total premium for a year under each option, not just the amount of each payment.
One payment a year.
Two payments a year, every six months.
Four payments a year, every three months.
A payment every month; check which auto-debit methods are available.
When commitments grow or income drops, premiums can become a burden. Contact your agent before the policy lapses and check the following:
The priority depends on your dependants, your savings and the benefits you already have. Use this list to discuss what you need most:
Check how you would pay for hospital treatment and how much of the cost you would have to cover yourself.
Decide the amount from what your dependants would need, your debts and your other financial resources.
A lump sum can help cover expenses while your income is affected, if the claim meets the policy conditions.
Check the benefits for injury, death or disability from an accident, especially if you often ride a motorbike.
Tell us your budget and current commitments. We'll go through what you need most and compare premiums you can keep paying. If you need to choose, we explain the benefits and limits so you know what each decision means.
Premium figures are indicative early estimates, not quotations or binding offers. Actual premiums depend on underwriting, occupation class, health information and the insurer's current rates. Ask for an illustration based on your situation before buying. For ILPs, returns are not guaranteed and depend on fund performance; cash value may be less than premiums paid. Past performance is not an indication of future performance. Read the Product Disclosure Sheet (PDS) and policy contract before deciding.
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