hi sifu,

i have a doubt on my medical insurance. i bought the ING Life Insurance + Medical Insurance in year 2002 when I was 24 yrs old. Now my life insurance premium was revised to RM711.55 / year but I have no idea whether my annual limit was increased as well. From the policy, my coverage as below:

1) Annual Limit: RM60,000 (life limit: 3x which equals to 180k)
2) Room & Board: RM150 / day
3) ICU: RM250 / day

It was standalone insurance which doesn't link to any investment account.
As per my understanding, we should always continue the insurance as it is cheaper than buying a new one. I'm fine with the Life Insurance as it comes with the Cash Dividend. But for my medical insurance, i feel it was out-dated as expensive if compared to current market.

So should i terminate this ING medical insurance and buy a new one but my age is already 33 yrs old?

Please help to clarify my doubt. TQ.