Embedded Files
A-Enrich20 (E) Rev01 dated 20052013 - Final.pdfA-Enrich20 Brochure.pdfA-EnrichMax Brochure.pdfA-Life CriticalCare Brochure.pdfA-Life Med Regular Brochure.pdfA-Life ProtectTerm (E) Rev01 dated 20052013 - Final.pdfA-LifeLink Brochure.pdfA-LifeProtectTerm Brochure.pdfIn 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).
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