Sorry I'm not so familiar with this, probably it's best you call to JPJ to verify the info
Hi there

here's an illustration of how ILP works


credit: https://www.aia.com.my/en/what-matters/fina...stmentlink.html

a. There is never paying too much for your insurance, it's just a matter of whether the insurance coverage suits your current financial needs and lifestyle.

b. I won't be able to tell other than to understand you better but since you've engage an agent, he/she should be able to tell whether you're sufficiently covered or not.

c. Some coverages may not be offered in a term insurance compared to an ILP, you may still invest in stock market yourself regardless whether it's an ILP or not, the purpose of ILP is for the insurance company to help you invest the premium elsewhere. If you feel that you want to trade off some coverage here and there and decide to do manually yourself, it's up to you.

If you're a smart investor, I doubt you'll care much of the few 10 - 100 ringgit per month and focus more on earning the big money in the stock market. Let the insurance company handle the rest which is related to insurance.

d. The coverage that you've bought is quite extensive already since it touches everything from death, disability, medical, personal accident and critical illness, the only thing is to move upwards on the existing coverage.