Not sure if you need that much of Life coverage.

But your medical coverage is not enough. R&B of 150 most likely can stay in a 4 bed sharing in private hospital, then annual limit is too low. Recommended to increase to 200k.

CI is not enough also. Try to use the most basic calculation for CI coverage which is 3 times of your annual income.

With premium of 550 monthly and your age, should be sufficient to increase the medical and CI coverage.

Purpose of insurance is to get yourself cover from any risks. If your coverage is insufficient (for medical cost), then you need to pay from your own pocket, perhaps you need to withdraw from the cash value. Don't expect too much on the cash value, some more it's projected.