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In Malaysia, taxpayers can claim significant income tax reliefs for 2025 (Year of Assessment 2024), including up to RM3,000 for life insurance/EPF and another RM3,000 for medical/education insurance. Other key deductions include lifestyle expenses (RM2,500), medical expenses for parents/self (up to RM10,000 combined), and EPF/SOCSO. Proper record-keeping of receipts is required for filing.
Key Insurance & Tax Relief Categories (YA 2024)
Life Insurance & EPF/Takaful: Up to RM3,000 for life insurance premiums or voluntary EPF contributions.
Medical & Education Insurance: Up to RM3,000 for medical or education insurance (for self, spouse, or child).
Private Retirement Scheme (PRS) & Deferred Annuity: Up to RM3,000.
Medical Expenses (Self, Spouse, Child): Up to RM10,000 for serious diseases, fertility treatment, or vaccinations/check-ups (max RM1,000 for check-ups).
Medical Expenses (Parents): Up to RM8,000 for medical treatment, special needs, or carer expenses for parents.
Education Fees (Self): Up to RM7,000 for upskilling or tertiary education.
Lifestyle Expenses: Up to RM2,500 for books, computers, smartphones, internet subscriptions, and gym memberships.
Domestic Travel: Up to RM1,000 for accommodation and entrance fees.
EV Charging Facilities: Up to RM2,500 for installation/rental of EV charging equipment.
Child Relief: RM2,000 per child under 18.
Key Notes for Claiming
Combined Limits: Medical and education insurance share a cap, as do life insurance and voluntary EPF.
Documentation: Keep all receipts for at least 7 years.
Timing: These reliefs are for income tax filed in 2025 (covering the 2024 calendar year).
Which Insurance company investment link funds perform best in malaysia?
In Malaysia, the performance of investment-linked funds varies significantly by asset class and geographical focus. Based on the most recent 2025 performance data and long-term historical rankings, the top-performing categories are currently dominated by
Global Technology, Gold/Precious Metals, and Japan Equity sectors.
Top-Performing Investment-Linked Fund Categories (2025/2026)
Asset Class / Sector
Top Performing Funds
Recent Performance Highlights
Global Technology
TA Global Technology Fund, Allianz Life World Technology Fund
Historically high returns (up to 52.6% in recent cycles).
Gold & Precious Metals
RHB Gold and General Fund, MAMG Gold
Leading 1-year returns (over 100% in some cycles) and 10-year growth (>500%).
Japan Equity
Eastspring Investments Japan Dynamic MY Fund
Strong 5-year and 10-year annualised performance.
Global Sustainable
Maybank Global Sustainable Equity-I, Allianz Life ESG-Integrated Fund
Consistent long-term outperformance over 10-year horizons.
Domestic Equity
KAF Core Income Fund, Maybank Malaysia Value Fund
Strong domestic performance exceeding 30% in high-growth periods.
Best-Performing Companies by Fund Strength
Insurance companies in Malaysia often act as "feeders," where your premiums are invested into "Target Funds" managed by top asset managers like AHAM, Eastspring, or Manulife.
Manulife Malaysia: Recognized at the LSEG Lipper Fund Awards 2025 for its ability to navigate market cycles. Its Manulife Investment Progress Fund has shown resilience in mid-to-long term capital growth.
Allianz Malaysia: Offers strong thematic options. Their AssuredLink and HealthAssured plans provide access to specialized funds like the Allianz Life Global Artificial Intelligence Fund.
Prudential (PAMB): Known for its wide range of PRULink funds. Recently launched specialized funds focusing on global equity and bond markets to cater to diverse risk profiles.
Great Eastern (GELM): Their Lion Advanced Strategic Fund and Lion Enhanced Equity Fund are popular for investors seeking exposure to both Malaysia and the wider Asia-Pacific region.
Key Considerations for Selection
Fund Switching: Most providers like AIA and Prudential allow you to switch between sub-funds for free, which is vital for rebalancing as sectors like "Technology" or "Gold" become volatile.
Volatility: High-return funds (e.g., Global Tech) are classified as "Very High Risk" and can experience sharp corrections.
Benchmark Comparison: Always check if a fund is outperforming its benchmark (e.g., FBM KLCI for Malaysia or MSCI World for Global) rather than just looking at the raw percentage.
To refine this further, please specify if you are looking for Shariah-compliant (Takaful) options or a specific investment horizon (e.g., 10+ years).
AI responses may include mistakes. For financial advice, consult a professional.
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