Life Insurance Coverage Calculator Malaysia

Find out exactly how much life insurance you need — and compare top Malaysian insurers.

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Life Insurance Calculator

Income replacement + liabilities − liquid assets

RM
RM
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RM

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Compare Malaysian Insurance Providers

Indicative premiums for a healthy 35-year-old, RM500K sum assured, 20-year term.

AIA Malaysia
Conventional • Term Life
Est. RM120–RM180/month | Strong claims record | Critical illness rider available
Prudential Malaysia
Conventional • Whole Life + Investment-Linked
Est. RM130–RM200/month | PRUlink investment component | Wide hospital network
Great Eastern
Conventional • Term & Whole Life
Est. RM110–RM170/month | Oldest insurer in Malaysia | GREAT FlexiLife popular
Takaful Malaysia
Islamic Takaful ☪️
Est. RM100–RM160/month | Shariah-compliant | Surplus sharing concept
Etiqa Takaful
Islamic Takaful ☪️
Est. RM95–RM155/month | Maybank Group | Easy digital claims

* Premium estimates are indicative only. Actual premiums depend on age, health, and policy terms.

Insurance FAQ

The standard formula: (Monthly income × 12 × income replacement years) + total debt + education fund − liquid assets. For a Malaysian earning RM5,000/month with RM300K debt and 2 children, coverage of RM600K–RM900K is typically recommended.
Takaful is Shariah-compliant insurance based on mutual aid (ta'awun). Contributions go into a shared pool, and any surplus is distributed back to participants. Conventional insurance is a risk-transfer contract. Both provide similar coverage — the key difference is the underlying structure and whether it complies with Islamic law.