If you're thinking of revising the current plans, yes it is possible to a limited extent and yes, you will have to consult your agent regarding that.

However if you're thinking of replacing the old policies with newer ones then it is not in your best interest to replace a policy because:

· You will likely have to pay a higher premium since you are older.

· Your cash value will build up slowly, as your new premium must pay for the initial cost of writing the life insurance policy a second time.

· The 2-year period of contestability will begin again. Similarly, the suicide clause also allows for the policy to start afresh.

· The existing policy may have more favourable provisions than the new policy in areas such as settlement options and disability benefits.

· Your present life insurance company can often make the changes you want at a lower cost to you.

However if you're considering to purchase newer policies, then consider a Financial Health Check to see if you're in good financial health or not. As our financial situation changes from time to time, it is best to review your policies from time to time as your financial needs might change due to higher liabilities or the greater resposibilies of having children.

In terms of Life and PA coverage, you can claim from all your policies should death/disability occurs.

However, in terms of medical bills due to accidents, you may only claim from one party. Should the coverage of the first party be insufficient, then only you may claim the spillover from a second party. This is where most of the fraud cases happens.

To my knowledge SOCSO only covers the hours to and fro from your house to your workplace, the working hours in between and travelling related to work. Go here for more info -> http://www.perkeso.gov.my/bencana.htm

Meaning if an accident occurs during your working hours, then you can claim from both SOCSO and a 3rd party insurer. However, should it occur outside of working hours, then they are not liable for it. No offense, but surely you've heard of bad stories regarding issues with beuracracy, red tape and etc.

So its always better to have your own personal plan or make sure your company has a group plan from a private 3rd party insurer as they usually cover 24/7 round the clock.