Let me get this straight. Your agent that sold you the Pru policy is now asking you to get Allianz? Do read my blog on why it is never beneficial to the client whenever you need to surrender a policy. Sorry but that agent who is asking you to surrender your policy is giving you a std 3 solution, and is only thinking on his or her behalf. I apologise if this sounded a little harsh but any agent that ask you to surrender a policy is totally unetical (irrespective of whether the policy is from pru or not)

Instead of surrendering the pru policy you should ask whether it is possible to upgrade the pru policy to be inline with the current medical inflation.

Let me ask you this, suppose that you decided to change to Allianz, six year down the road ABC insurance company is formed and their product is designed for the current market, will you surrender the Allianz plan?

If your current Pru agent is no longer in this business you may ask to transfer the servicing agent. Do note that the new agent will not earn a single cent from the transfer but I had always believe that business is for long term.

If you do not have anyone to service you, you may PM me to transfer the policy to me.

EDIT: If you want higher coverage, you can move the RM150 from saver to buy you protection instead. That will definitely give you higher cover.

Your initial agent has done you justice by putting RM150 into saver in order to build up the cash values. Perhaps it was based on your discussion with him/her 7 years ago? If you were to buy more into protection, the cash values accumulated throughout the years may not be as much as today.

HTH

This post has been edited by roystevenung: Dec 8 2012, 09:25 AM