Upgrading means an added risk to the insurer and it will require a full medical underwriting unless his policy is being offered with Guaranteed Issuance Offer (GIO) or Simple Issuance Offer (SIO).

GIO is normally granted to policy that has not claimed before while SIO, minimal claims and requires some medical underwriting.

Ask the servicing agent whether your brother's policy is offered for SIO or GIO.

If the policy is not selected for the GIO or SIO, then 3rd option is performing a manual upgrade which will require full medical underwriting.

At times it is advisable to get another policy if there are slight issue with our health. For example benign cysts which wasnt a problem in the old policy. If he is worried on the higher premium, he can get another plan with a higher deductible plan.

If we were to upgrade on the existing policy, the benign cysts will be an Exclusion, which will result in future cysts claims being rejected.

Do note that SIO or GIO has only 30 days Waiting Period, whereas getting a new policy up to 120 days Waiting Period for Specified Illness.

So the decision on whether to do an upgrade or an add on will be very much dependent on his health status.

Ps. In Prudential, there is a strict rule of trying to do a Replacement of Policy to protect the client. If the agent were to cancel your old plan and get another within 1 year, the new policy will not be paid with any commission.

The premium upon inception of the policy is fixed but the cost of insurance will increase over time.

This is applicable to all investment policy from any life insurance company. Should the cash value in the future is unable to pay off the cost of insurance then you will need to do top up on your premium. Cost of insurance is not fixed and subject to any increase in the future.

It's a scheduled monthly top up that is purely invested into buying units rather than bring used to pay for the monthly premium charges. This is unlike the normal premium you pay which part of it will be used to pay the monthly cost of insurance and the the rest will be used to purchased units.

It will greatly increase the fund value of your account with this method as more premium are used to buy units.

They will bank in the money to you within 2 weeks after you cancel a policy

Just walk into a branch and apply for a cancellation

Why want to cancel in the first place?

You're holding a standalone policy or investment link?

If it's investment link plan then can upgrade.  its time to fire ur agent if that's his advise to you.

Here's something for everyone (again) 

As I've always mentioned to anyone, the benefits of hospital card limit, monthly premium or the coverage for life, accident or critical illness is one thing and usually similar across the board(all insurance companies) because they're all governed under BNM.

Based on experience, the most important factor to consider is to ensure the policy you're taking up is sure to protect you until the end. Not solely because CompanyA can give you 150k but CompanyB can give you 200k.

When you acquire a policy, you have to make sure of the following two clauses in your policy contract;
Withdrawal Portfolio Condition
"Company reserves the right to cancel the portfolio as a whole if it decides to discontinue underwriting this insurance product"
It shows that any company with this clause can cancel your policy whenever they deem necessary. Why? Old age? Had health issues before and now 50years old?

(1)Non-Cancellable / (2)Guaranteed Renewable
There is also a slight difference in these 2 terms. (Yes, thats how tricky companies are)
(1)Clearly shows as the name speaks itself that the policy is non-Cancellable by the Company once they approved your application until your agreed terms - Premiums, benefits and age 70-100.

(2)The company guarantees you renewal BUT the premium may differ. For example, age 20 paying RM200 a month. When you're age 50 or 60, the company still guarantees you renewal at a different premium price. Why is that? I wouldnt know the answer but I know one thing, that company is not genuine to help their clients but to save themselves. If a company takes you up and promised to protect you until the end of your days.. why state such clauses in your policy?

Do you want something that may be taken away from you or you know for sure it will be with you forever?

If either one not stated in the policy? Even worse.

Think about it.

Why do you want to surrender it in the first place?

Anyone surrender AIA insurance before? How to get back our cash value, can i choose get cheque from AIA now?

The straight answer is Yes.

However, direct debit into your account is quicker if you're running for time.