It is more straightforward than it looks. Your outstanding balance is simply your remaining months multiplied by your monthly amount, which is premium plus 8% SST.
Example: if you have 5 months left in your policy year and your monthly amount is RM57.05, then:
5 x RM57.05 = RM285.25
That RM285.25 is what we collect in one go. After that, you will not be charged for the rest of the year, and your policy is considered fully paid.
If you would like us to walk through your own numbers, send us your policy ID and we will lay it out for you.