30/10/2019
Before 2019, EPF and Life Insurance are combined and only deduct for RM6,000 only.
But now, EPF & Life insurance are separated to do deductions for income tax, the amount will be RM4,000 & RM3,000 start on policy year 2019.
Government start running this policy is because every family that get covered by insurance is VERY LESS. Therefore this is to encourage us to get more protection for ourselves and also family!
Please PM...the money we need to pay to government, it can also use to do bigger protection for our family.