Budget Estimator

” What is your budget on life insurance per month? ”

(Assuming you haven’t bought any life insurance before)

    1.     Total monthly income
    1.1     Salary
    1.2     Other income
    Total monthly income (RM)

    2.     Total fixed expenses
    2.1     Mortgage repayment/rental payment
    2.2     Taxes (e.g. income tax, property tax)
    2.3     Insurance (e.g. life insurance, medical card, critical illness insurance, personal accident insurance)
    2.4     Others (e.g. study/renovation/personal loan repayments)
    Total fixed expenses (RM)

    3.     Total variable expenses
    3.1     Total utilities and household expenses
    3.2     Total transport
    3.3     Total food and necessities
    3.4     Miscellaneous
    Total variable expenses (RM)

    Amount that you try to save from your income per month (RM)


    Your budget on life insurance per month (RM)
    Excluding item 2.3

    Disclaimer: The costs shared are just estimates and should not be taken as guarantees. Calculations serve as a tool to guide insurance planning with licensed agents. Insurance needs will also change over time so it is important to review with your agents at least once a year.