How Malaysians Can Avoid Overpaying for Insurance

Why So Many Malaysians Overpay for Insurance?

Insurance should protect your financial future — but for many Malaysians, it has become a monthly burden. A common reason is fear-based selling. When agents emphasize worst-case scenarios, people panic and sign up for bigger, more expensive policies than they actually need.

 

The uncomfortable truth is this: most Malaysians are paying for riders they don’t even need. Riders are extra add-ons that increase your premium, and many agents push them because they earn higher commissions from upsells.

Start with What You Actually Need

Instead of starting with a long list of riders, begin with the essentials.

Step 1 — Medical Card

A medical card is your first line of defence. It protects you from high hospital bills and unexpected emergencies.

Step 2 — Basic Life Coverage

Life insurance ensures your family has financial support if anything happens to you. This should be simple, affordable, and based on your income and responsibilities.

Only AFTER these two are properly set should you even consider additional riders.

Real-Life Example

Take Amir, a 29-year-old father of one. His agent recommended a plan costing RM450 a month with five riders. After reviewing his needs, he discovered he only needed a medical card and basic life coverage. By removing unnecessary riders, his monthly premium dropped to RM180 — saving him RM270 every month.

How to Avoid Overpaying

Compare at least 3 companies

Understand every rider before signing

If you can’t explain it… don’t buy it

Focus your budget on essentials, not extras

Final Thoughts

Insurance shouldn’t make you poor. With the right knowledge, you can protect your family without overspending.

To learn the basics and avoid common traps, visit: https://linktr.ee/AtOneGo