Hi InabaKai

Regards to ur question,

Your insurance policy is there to provide you protection in misfortune events.

Should you choose to "close account", you will not be covered anymore. As the company will completely withdraw your surrender amount and give you the RM7xxx.

However, you have the option to take a loan from ur account and withdraw partially instead of fully closing ur account. However, you will need to top back the amount later on once you're financially more stable.

When you keep your insurance policy until you're 55 years old, It's projected to gain as much as RM150k. But might be higher or lower than the amount as it's just a projection.

You will need to decide whether this RM7000 is really what you urgently need at the moment. But don't do it out of compulsion for a short term goal. You need to figure out whether are there any other ways other than taking out this insurance money.

If you don't plan to continue to pay for ur premium on a regular basis anymore, your policy is deemed to be on "premium holiday" where the insurance company will be using your cash value accumulated in your insurance account to pay off the premium.

Please correct me as I am not sure your question is pointing to which.

I do think you are able to upgrade your medical plan under the same investment link policy, if it's standalone medical plan, then perhaps you need to buy a new policy.

If you are under Great Eastern, you will be able to upgrade your investment linked policy without buying a new one and there will be a conditional waiting period of 1 month. Which means that anything within the first 30 days you will be able to claim under the old medical benefit. If anything happen after 31 days, then you will claim under the new medical card benefit. That's how Great Eastern repay to the loyal client.
It depends on your current financial status, if you are still able to survive without closing the account and only take out the bonus, I would suggest you to do so.

Take out RM4k from the bonus, ask the company to use the future bonus to pay for your premium and you should able to enjoy more bonuses in the future.
If you are not paying, the company will still declare bonus to you, and your policy will use the bonus to pay for the insurance premium. Of course the maturity benefit might not be RM150,000 at 55 years old but it's still a big amount considering you are not paying the premium.

Ok,guys.
Im now understand and will do more research by myself...
Thanx bruh...