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Life Insurance Premium Calculator Malaysia 2026

Estimate a term life premium by age, cover and term, then check it against real quotes from FWD and Prudential

👤 Age: 30 years old

184060

⚧ Gender

🚬 Smoker?

📋 Plan Type

🛡️ Coverage: RM 500,000

RM50KRM1MRM2M

📅 Coverage Period

Estimated Premium

Monthly Premium Estimate

RM 65 – RM 100

Male · Age 30 · Non-smoker · 20-year Term

Annual Premium

RM 780–1,200

Total Over 20 Years

RM 15,600–24,000

Coverage

RM 500,000

Coverage per RM1

RM 6,024

How this compares with real quotes for RM500,000

The range above is our estimate for a level term. These are prices insurers have published themselves.

FWD i-Care Plan C · renews yearly, price rises with agefrom RM461/yr

FWD i-Care Plan C · male, 30RM741/yr

Prudential PRUTerm Premier · male non-smoker, 30, fixed for 50 yearsRM2,710/yr

Our estimate assumes women pay about 18% less, smokers about 65% more and takaful about 3% more. Your quote can differ.

🎯 Not sure how much coverage you need?

Use our Life Insurance Coverage Calculator to find your recommended coverage based on income, debts and dependents →

RM500,000 Life Cover for RM741 a Year at Age 30

Get your own price for FWD i-Care through Bjak. Bought online, no medical check-up.

See My i-Care Price →

Underwritten by FWD · RM741/yr is FWD's illustration for a 30-year-old man

How Much Is Life Insurance Premium in Malaysia?

For RM500,000 of term life cover, a 30-year-old man pays RM741 a year on FWD i-Care, which renews yearly, or RM2,710 a year on Prudential PRUTerm Premier, where the premium is fixed for 50 years. The calculator above gives a range for a level term of 10 to 30 years.

Bottom line: if you only need cover while a loan or young children depend on you, a yearly renewable plan costs the least today. If you want one price you never have to think about again, a level premium plan costs more at the start.

RM500,000 Life Cover: RM741 to RM2,710 a Year in Real Quotes

Prices published by the insurers. Checked 13 November 2026.

Plan	Premium type	Cover	Who	Per year
FWD i-Care Plan C	Yearly renewable to age 80	RM500,000 death and TPD, plus RM250,000 accidental death	Youngest entry age	From RM461
FWD i-Care Plan C	Yearly renewable to age 80	RM500,000 death and TPD, plus RM250,000 accidental death	Man, 30	RM741
Prudential PRUTerm Premier	Level premium, guaranteed, 50-year term	RM500,000 death	Man, 30, non-smoker	RM2,710

No Malaysian insurer publishes a full term life price list by age, so the calculator range is our estimate. Get a quote for your exact age before you decide.

Life & Medical Insurance · Underwritten by FWD · 4.8 from 323,000+ reviews

Life and Medical Cover from RM9.60 a Month

Basic cover with no agent, no medical check-up, and a policy issued in about two minutes.

Cover options

Plan	Premiums start from	Plan maximum cover
i-Med — Medical Card 18–45	RM1.38/day ≈RM41/mo	RM60,000 annual limit · Unlimited lifetime limit · RM150/day hospital
i-Care — Life Insurance 18–60	RM0.32/day ≈RM10/mo	RM500,000 death · RM500,000 TPD · RM250,000 additional accidental death
i-Protect — Critical Illness 18–60	RM0.25/day ≈RM8/mo	RM100,000 cover · Cancer, stroke, heart attack

The starting price and the maximum cover in this table are two separate things — the lowest premium does not buy the highest cover.

A real illustration from the Product Disclosure Sheet

A 30-year-old male on i-Care Plan C pays RM741.00 a year for RM500,000 death cover, RM500,000 TPD and RM250,000 additional accidental death.

Know before you buy

Premiums are yearly renewable and NOT guaranteed — they increase with your age at renewal.
Cover runs to age 81, subject to paying the renewal premium.
Benefits are protected by PIDM up to limits.
Exclusions apply (for example suicide within the first year, hazardous pursuits). The list is non-exhaustive — read the policy.

What you get

No medical check-up to apply
Policy issued in about 2 minutes, no agent calls
Pay monthly or yearly

Check the Price for Your Age

Starting prices, which vary by age and gender. Monthly figures are the daily rate times 30. Check your actual quote and policy terms before buying. Not insurance advice. · November 2026

Yearly Renewable vs Level Premium: Why Quotes Differ

Type	How the premium works	Examples	Suits
Yearly renewable	The premium is set for one year at a time and goes up as you get older.	FWD i-Care, Great Eastern GREAT Term Direct	Low cost now, for example while children are small
Level premium	The premium stays the same for the whole term, so it starts higher.	Prudential PRUTerm Premier, Etiqa Ezy-Life Secure	Knowing your cost for 20 to 50 years

6 Things That Set Your Life Insurance Premium

Age

Most insurers price on age next birthday. Each year older costs more.

Sum assured

More cover, higher premium. GREAT Term Direct sells RM100,000 to RM500,000.

Gender and smoking

Insurers price men, women, smokers and non-smokers separately.

Term and premium type

A longer term or a level premium costs more each year than a yearly renewable plan at the start.

Occupation

FWD prices i-Care by age and occupation. Prudential's illustration assumes occupation class 1.

Riders

Adding TPD, critical illness or accident cover raises the premium.

Tax Relief on Life Insurance Premium: Up to RM3,000 a Year

• Limit: up to RM3,000 a year for life insurance or family takaful.
• Shared cap: it sits inside a combined RM7,000 limit with your EPF contributions.
• Riders do not count: medical and critical illness riders are claimed elsewhere, if at all.

The full rules are on our life insurance Malaysia guide.

Kalkulator Premium Insurans Hayat: Kadar Premium Mengikut Umur

Untuk perlindungan RM500,000, lelaki berumur 30 tahun membayar RM741 setahun dengan FWD i-Care (diperbaharui setiap tahun) atau RM2,710 setahun dengan Prudential PRUTerm Premier (premium tetap 50 tahun).

• Pengiraan premium: umur, jantina, merokok atau tidak, jumlah perlindungan, tempoh dan pekerjaan.
• Premium diperbaharui setiap tahun: murah pada mulanya, naik mengikut umur.
• Premium tetap: lebih mahal pada mulanya, tetapi tidak berubah sepanjang tempoh.
• Pelepasan cukai: sehingga RM3,000 setahun, dalam had RM7,000 bersama KWSP.

Life Insurance Malaysia

Term vs whole life, 8 plans and tax relief

How Much Life Insurance Do I Need?

Work out your cover from income, debts and dependents

Critical Illness Calculator

Cover for cancer, heart attack and stroke

Best Medical Card in Malaysia

9 medical cards compared at age 30

Frequently Asked Questions

How much is life insurance premium in Malaysia?

RM500,000 of term life cover costs RM741 a year for a 30-year-old man on FWD i-Care Plan C, which renews yearly. Prudential's PRUTerm Premier costs RM2,710 a year for the same man, with the premium fixed for 50 years. FWD i-Care starts from RM461 a year at the youngest entry age.

Why is one RM500,000 quote three times another?

Because one renews yearly and the other is level. A yearly renewable plan such as FWD i-Care charges only for the coming year, so it starts cheap and rises with age. A level plan such as PRUTerm Premier charges the same amount for 50 years, so early premiums pay for some of the later years too.

How is life insurance premium calculated?

Insurers set the premium from your age, gender, smoking status, the sum assured, the term and the premium type, and some also use your occupation. Riders such as critical illness or accident cover are added on top. Prudential lists these factors on its PRUTerm Premier page, and FWD says i-Care rates vary by age and occupation.

Is life insurance premium tax deductible in Malaysia?

Yes. You can claim up to RM3,000 a year for life insurance or family takaful premiums, within a combined RM7,000 limit that also covers your EPF contributions. Riders such as medical or critical illness cover do not count towards this relief.

Will my life insurance premium go up?

It depends on the plan. FWD i-Care premiums rise with your age at each yearly renewal. Great Eastern says GREAT Term Direct premiums are not guaranteed and can be revised with at least 3 months' notice. PRUTerm Premier premiums are guaranteed for the term.

Sources

Checked 13 November 2026. Premiums change, so confirm with the insurer before you buy.

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