I just digged up current policy (ILP) of 9 years. Plan to understand where my premiums go and decide what to do next.

Some questions here as I proceed page by page (and related annexes)

1. how is total sum insured calculated? On the cover page death benefits equals 50k but if I roughly add up all the other optional benefits as stated in each annexure, it's comes up to about 500k

2. Is there a formula to obtain ballpark figure of a properly protected single male? Will increase coverage if needed.

3. If #2 happens, is it advisable to add to current plan or look for a separate plan?

Thanks

Thank you both for your replies. I've work out my vegetable fund to be about 725k. But a measly 50k should I get run over by a vehicle tomorrow and die. Now, that's still a selfish occurrence. After land cost/crematorium, my folks will be left probably half that. More if they decide to nail plywood.

Let me know if I read the annexure wrong. Will hook up with my agent in the coming weeks but relatively better equipped now.

Inputs welcomed. Solicitations not. Not yet anyway.

Sure, thanks