Free Calculator

How Much Insurance Coverage Does Your Family Need?

Most Malaysians are underinsured by RM 400,000+. Check your protection gap in 60 seconds. By Keith Tew — MDRT 7×, Penang.

Your Numbers

Until youngest child is independent, typically 10–15 years

Your Result

Income replacement
Debts to clear
Education funds
Total coverage needed
You already have
Your protection gap

Estimates for education only, not financial advice. Products underwritten by AIA Bhd. A licensed advisor will tailor the numbers to your real situation.

The Formula Behind the Number

This calculator uses the needs-based approach advisors use in practice: (annual income × years of support) + outstanding debts + children's education − what you already have (existing coverage and liquid savings). The result is the lump sum your family would need to maintain their life if your income stopped tomorrow — through death, total disability, or a critical illness that ends your career.

Why the Gap Is Usually Bigger Than People Think

Keith Tew has facilitated over RM 4 million in claims across Penang, Butterworth, Bukit Mertajam and Seberang Jaya — he has seen first-hand which families were prepared and which were not. The difference was never luck; it was a 30-minute review done early.

Frequently Asked Questions

How much life insurance do I need in Malaysia?

A practical formula: 10 years of income + debts + education funds − existing coverage. For a RM 5,000/month earner with a mortgage and two children, this is often RM 800k–1.2M.

What is a protection gap?

The difference between what your family would need and what your current policies pay. Most Malaysian families are underinsured by RM 400,000+.

Does EPF or SOCSO count?

They help, but EPF balances are usually far below 10 years of income, and SOCSO benefits are limited. Neither replaces proper life and CI coverage.

Is high coverage expensive?

Not necessarily — term and investment-linked structures provide large coverage affordably, especially when you start young and healthy.

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