Any particular reason to terminate?

Understand the contents of the policy and whether you need the coverage that comes with it. If you still need it, you don't have to worry from whom it was bought.

The coverage is provided by the insurance company, and the claims are not paid by your aunt or her friend.

If you are having phobia to meet an insurance agent, you may ask your aunt to explain to you the coverage or deal over the counter with the insurance company before deciding what to do.

able to assist and explain this old policy?

As long as you know what you are buying and don't need any servicing, it shouldn't be any issue.

However, for medical claims which may requires a lot of after sales servicing, most insurer will still assign an agent to you.

Always remember to inform the people you nominate where to find the policy so that they may dig it out in the event of a claim. Same goes to EPF.

If you have a friend in there, you can change servicing agent to him/her.

If you don't like that friend so much, maybe can pick one from around the forum here.

Prudential - Unker Roy
Great Eastern - ExpZero
AIA - JIUHWEI

dan lain-lain.

Yes. It is pretty standard, but I prefer to chat with you about it in private.

Stranger buka baju in public also I will faster cover him/her up.

sure, pm?

No harm in getting quotes for both options (buy from two insurance company or all in one) before deciding which is best for you.

If it is able to give you best bang for your money, why not?

Life is not perfect.

If one has fixed no income to support the insurance premium in the first place, then the affordability of paying the insurance premium is already a big question.

You don't pay the insurance premium or miss the premium, the insurance coverage lapse as well, no free lunch.

There is no such thing of "cheap" insurance.
Insurance is not a charity organisation.

Need to give and take, the priority is this situation may be a term life insurance (which is a cheaper alternative), instead of medical or saving/investment type of insurance.

Term life - if you passed away, a sum of money being left to your family, which premium generally won't be too high as compared to other type of insurance)

Medical - not afford - rely on gov hospital.
Saving/investment - If you can't afford to pay Rm350 every month in the first place, forget about this.

Why is medical card not so needed at the current moment?

Secondly, when do you think the medical card is needed?

Frankly agents don’t really sell term life insurance. I didn’t fully read your situation but if you are JUST looking to leave money behind for your children, I do recommend you to have a look at uforlife.

What uforlife sells is known as yearly renewable term (YRT). Now the difference from getting the normal term life insurance and YRT is that premium increases as you get older and the normal term life (olden days, when I still remember AIA has term life), the premium is flat throughout (of course it’s more expensive at the beginning) and you do get a bit of cash value if you surrender in the middle of the policy. As for the uforlife YRT, there’s no surrender value whatsoever.

As for the cost, you can just play around with the website of uforlife, without having to register, choosing sum assured between 100k and up to 500k and get a quote on how much it costs per month. Being the breadwinner here, uforlife should be more suitable, and at your age, the cost is relatively cheaper compared to other insurance products available in the market.

Important to note in your case is to fill in the nomination form and send it to them. The form which states who to pay the insurance money to. But in your case is a bit tricky since I believe your kids are still below 18. Would need someone more familiar with this area to explain further.

Term life pays a lump sum of money to your beneficiary in the event of untimely death or total and permanent disability for a specific term, say 20 years (or up to the youngest age 25).

You may choose to nominate an adult whom will be the guardian of your kids if touch wood happens.

Also be reminded to check your EPF beneficiary while you are at it.

you can always call the customer service.

also like one sifu mentioned here previously, once you have bought policies term life insurance, your agent only need to service you one time, which is when one needs to submit a claim and in the case of life insurance, only once (unlike medical cards which can happen more than once). If unsure, read their faq or other info. If still unsure, call CS. Term life insurance is being sold online in more developed countries. Very common in certain countries. Straightforward and easy to understand.

AIA still has term life... It's called A-Life Protect Term
https://www.aia.net.my/products/main/brochu...30529_final.pdf

Term life insurance is the most important insurance you should have, not useful?
Which kind of advice is that?
You can ditch the agent by giving such an advice. There are ten of thousand agent out there waiting to serve you.

If you died, where your family get the money from to support their life?
Life or term life insurance compensate a lump sum money for them.

RM600 pa is possible to term life insurance with reasonable sum assured.
It is about how much the sum assured that dictate how much the premium will be.

The forumer cannot afford to have it, not about need or not need.
Every month just enough to make end meet. No place for medical insurance.
Somemore, the forumer has no coverage of life insurance, which is the priority.

Gov hospital is the choice.

A round of chemo costs in the range of Rm250k to Rm300k, but like Cherroy says it all boils down to affordability.

No point to get the medical card if she is unable to pay the premium.

Life is a little bit unfair at times but one thing is for certain is death and taxes.

PA only compensate if the person passed away due to accident.
Sickness, disease or aging related dead, no compensation.

While life or term life pay when the person die disregard the nature of the death.

That's why PA is very "cheap" one.

If one is not afford to get a medical insurance, gov hospital is the choice, cost RM1, instead of private hospital.

Life is not perfect, medical insurance is not something "cheap".
Yearly premium could come up nearly Rm1k pa at the forumer age, and increasing by age.

Bad advice to prioritise the medical over the term life.
See below scenario,

If the particular forumer died with no life/term life insurance,
Her family, specifically her kids will be left with no money, no financial support, need to quit schooling and support themselves at young age.

No medical insurance, sick/injure time
Not able to go to private hospital, but still can access to gov hospital to get treatment.

While life/term life premium is cheaper than medical insurance, less cash strain for the particular forumer every month, while provide a "protection" for her family.

This year able to pay, next year economy bad, retrenchment or less income/no income cannot afford to pay the premium, insurance coverage also lapse.

This is also must keep in mind, affordability in longer term also needs to be considered, as medical insurance premium is not fixed, and rise according to age as well as insurance company has right to revise the premium upwards due to medical cost inflation.

Different policies/products, have different features and benefits.

Life insurance won't take care of your hospital bills.
PA won't pay if a person die of disease.
Hospital insurance won't give you any cash to leave behind for your family.
Critical Illness Insurance pays only if you are diagnosed with a critical illness listed in the policy.

It is never about one over the other or "which one".
You go according to what you can afford.

There's no point focusing on one and neglecting the others, especially when you can afford it.
Everybody love their wife and kids. But not everybody can afford to live in gated communities, buy cars with better safety features.
But everybody can show their concern for each other, share beautiful moments, and go through hard times together, and be there for each other.
Your insurance policy can be there for you, when you most need it.

Let's face it. If insurance was free, how much would you get?