We acknowledge the recent press statement issued by Bank Negara Malaysia regarding interim measures to address the contribution revisions for medical plans. As a responsible takaful operator, we take this matter seriously and remain committed to act in the best interests of our customers. These interim measures aim to provide our customers the flexibility to better navigate and manage their financials while preserving their medical coverage.

 

We understand the importance of keeping our customers informed and will provide updates as soon as new information becomes available.

 

In the meantime, we encourage you to click here for more details or contact our dedicated customer service line at 1300-13-8338 and press 6 after language selection, from Monday to Friday, 8.30am - 5.15pm (except Public Holiday) for further assistance.

 

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Medical Sustainability Guide
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Retirement Financial Planning Takaful Calculator

Great Eastern Takaful provides you with our handy calculator that will help you to work out the amount you'll need to sustain your lifestyle and enable you to comfortably enjoy your golden years. All you need to do is fill in information such as your gender, your age, the age you plan to retire, the duration of your expected income after retirement, your desired lifestyle, your future expenses, and your existing provision. Once you fill in all these details, we will help you calculate how much do you have to say monthly in order to maintain your desired retirement lifestyle. Should you need more guidance about finding a takaful retirement plan that suits your need, you can always contact a Great Eastern Takaful Advisor for advice.

Your Details

Male
Female

How old are you?

18
70
Current age cannot be too close to your retirement age.
0

At what age do you plan to retire?

18
70
Would you like to retire at a younger age?
0

How many years of income do you require during retirement?

Based on data from the Malaysia Department of Statistics: average life expectancy for a male is 72, and 77 for a female. You can adjust the life expectancy on below slider.
18
99
Retirement age cannot be too close to life expectancy.
0
0

What is your desired retirement lifestyle?

The desired retirement lifestyle is based on your monthly expenses.<br /><strong> Source: OCBC Financial Wellness Index 2020</strong>
Modest
RM2,000
Comfortable
RM4,000
Premier
RM8,000
Your future expenses (at today's prices)
per month
Your future expenses (at today's prices)
per month
Your existing provision when you retire (at today's prices)
Your existing provision when you retire (at today's prices)
per month
Calculate Reset calculation

Here are your estimated coverage needs

male-aged
You are a aged
retired-at
You plan to retire at
59
You're planning for
years of retirement
Factoring an annual inflation rate of
%
the future value of your desired monthly income when you reach
is
Assuming you are able to generate a
% rate of return,
the amount you need at your desired retirement age is
With an existing provision of
you will face a total shortfall of
To maintain your desired retirement lifestyle, you will need to save
4,860 per month from now Monthly expenses are derived by inflating monthly contributions from current age until the day you want to cash in your savings plan. The core inflation rate is typically lower than the Consumer Price Index (general inflation rate).
Reset calculation

How do I start?

The above may sound hard to achieve, but we can help. At Great Eastern Takaful, we build solutions made to see you reach your goals. Simply contact a Great Eastern Takaful Advisor now for advice. Or click on the button below to learn more about our selection of relevant plans!

Find out more Find a Takaful Advisor
Notes: This calculator is intended to provide estimates only.
Please speak to a licensed Great Eastern Takaful Advisor for a recommendation tailored to your specific needs.