So many questionmarks to understand this product. Take the highest plan (Package 1), This is strictly PA plan which cover TPD=RM100k, PA death=RM400k.
1. If insured person died not due to accident, insured get nothing?
2. what if insured person lost of 1 leg? any jackpot?
2. rm1.33 per day based on age below 1. what about 40? or 59?
3. Let say insured age 45 now, and maturity of this plan is 15 yrs. how much would insured person got refunded?

1. Looks like it covers life and TPD (total and permanent disability) of Rm100k

2. For TPD, lost of one leg is not payable, unless its one leg and one hand. Or two legs. For accident, there is a table, payable by percentage. At least that is what is in Prudential policy.

3. The premium is based on level term, which means the premium has been precalculated and will remain the same throughout the term.

4. You get a full refund of what you paid, nothing more nothing less. You buy it for the coverage since in 20 years from now, getting back your premium means nothing.

The value of RM10k (assuming you are paying that much for the entire term of 20 years) is not the value of Rm10k 20 years later

So in a way you can say that the insurance company "pinjam" your money of inflation

That is why I said you buy it for coverage bos.

Since you are helping your friend, do note that you cannot be a named beneficiary.

The chart shows you the premium that will be refunded. If you cancel the policy within the first two years you get nothing.

Insurance main purpose is for coverage. No doubt about it.

For lorry drivers, you may need to check with HLA whether the policy is accepted with the same premium.

I would rather go for medical 1st rather than accident or TPD. The reason is because whenever someone meet with an accident, I am sure the first thing that comes to his wife's mind is how serious is it or can he be cured, rather than how much can I claim from insurance.