It depends on your needs and long-term goals. In most cases, I will have a couple of discussons with my clients to understand on how they view their future. From there, we will calculate on the optimal point to either acquire a higher coverage today or to get it at a later point in time. To this end, I have an excel sheet that is capable of such projections to help clients with this comprehensive planning. As a result, it is not always true that paying a cheaper premium today is the optimised option. Additionally, it will also depend on your cashflow and affordability. As a general rule, spend between 10% to 20% of your annual income on healthcare and life insurance. Here is how much coverage we should have: Basic Life Cover = 10 times your annual income Critical Illness Coverage = 5 times your annual income The above is from the affordability perspective. Next, there is a question on insurability interest. While we are healthy and strong, we don't need insurance. This is because our money is more precious than to waste it on insurance. However, the moment we have a medical condition, be it major or minor, we will want insurance by all means. This is because our money is evevn more precious and the last thing is to waste it on medical cost. This is where we have to acheive a balance and to understand the amount of risk that we are willing to undertake for the future. Personally, I am of a view to lock-in my health more than the need to lock-in the price. This is because with good health, I can earn money. The reverse is never true, and I am a result of the latter (okay I don't have tons of money as well and I can't buy any form of life insurance since young). Here is everything about me and what I do best.