The sum assured question you probably haven't revisited
Most people buy their first life or critical illness policy in their 20s, sized to a single income and no dependents. Once a child enters the picture, that same sum assured is often no longer enough to replace years of income and cover a child's upbringing if something happened to a parent. This is usually the first thing worth reviewing — not necessarily buying something new, but checking whether what you already have still fits.
Critical illness matters more, not less
A critical illness diagnosis doesn't just bring medical bills; it can mean months or years of reduced income while a parent recovers, on top of ongoing family expenses that don't pause. This is where critical illness coverage tends to matter more once there's a dependent relying on that income continuing, even partially.
Child medical cards: useful, but not always the first priority
Many new parents' first instinct is to insure the child before reviewing their own coverage. It's worth flipping that order: if a parent isn't adequately covered and something happens to them, the child's financial security is affected far more than a gap in the child's own medical card would cause on its own. Both matter — but parent coverage usually comes first.
Nomination and hibah
For Muslim parents, how a policy's proceeds are distributed after death involves both the nomination made with the insurer and, separately, Islamic inheritance (faraid) or a hibah (gift) arrangement if you want proceeds to go specifically and immediately to your spouse or children outside the standard distribution process. This is worth setting up deliberately rather than leaving as a default nomination, especially once there are dependents involved — see the estate planning guide for the full picture alongside a will.
What a review looks like at this stage
Typically: check existing sum assured against current income and the number of dependents, check whether critical illness coverage exists at all, decide on child medical coverage separately from education savings, and confirm nomination or hibah is actually set up the way you intend — not just left as whatever was filled in years ago.