Either you diagnose or not diagnose with critical illness, your cash value is the same. Because cash Value is the left over premium after deducted insurance charges. Thus, high coverage will tend to have higher insurance charges and thus eat all the cash value.

Whole life traditional participate insurance for your kids is one of the "worth" investment you should make. By buying rm100k sum assured with very low premium, by the time your kid reaches age 20, the total death benefit could increases to rm300k. Whole life non-par do have "saving" element in there, it may not as good as other investment vehicle but at least it provide low risk low return.

Second reason is, are you going to work if your child dies. It is that plain and simple. Are you taking off 2 weeks? No more like 2 months? Maybe a year. If you had a sibling could you imagine leaving that surviving sibling so you could work? How could you possible focus? this type of policy is replacing your income because you aren’t going to work for a long time.

Withdraw cash fully means you are surrendering the policy, the sum assured of RM500k is not applicable if you have been surrendered the whole policy.

Yes, you are right in your context, however, there is different between traditional and investment link in term of insurance charges. Investment link's cash value tend to used up when ones get old because of hike in insurance charges.

Hi,

I'm from Great Eastern but I think I can answer your question.
1)Since the policy you mentioned is investment link, no, it won't be terminated until the client surrender it/death.
2)Yes.

That simply means the client can use the medical card without paying the premium because the prupayor has takes effect.

Hi kaedechan,

For investment linked, there will be no different either paying in monthly, quarterly, half-yearly or yearly in term of premium paid. The only difference is the accumulation of cash value.
Explanation is in spoiler, it's not important but it shown how it works


For traditional policy, there will be up to maximum 5% of "rebate" if you are comparing monthly premium and yearly premium.
Explanation is in spoiler, it's not important but it shown how it works


For your friend who having NCB medical card, 36 CI, accident etc, it really sound like a ILP. However, we can't make any statement from there since you are not sure yourself too

Thanks, I didn't track this topic