LIAM's wishlist for Budget 2016

KUALA LUMPUR: The Life Insurance Association of Malaysia (LIAM) wants a separate tax relief for the Employees Provident Fund (EPF) contributions and tax deduction for life insurance premiums.

In a statement yesterday, LIAM said its wishlist for 2016 Budget was for the change so that it would promote financial planning and create awareness on the importance of financial protection among the rakyat.

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Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

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Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

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Business , insurance , budget

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