For ILP, the insurance charges increase and are very high when we get older. Of course, we must buy another type of life insurance first before we terminate ILP...

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I coming from this angle.

Is the parent that needs to buy the insurance for his family hence that the first step is to protect the main breadwinner (mother or father). That is why 1st step of any financial planning is to make sure that the bread winner is well -covered before even talking about other things like retirement, children education and others.

If the breadwinner no longer around the insurance money received can help the child(ren). End of story.
With this point, we need not buy insurance for the children. Why you need to pay endownment that covers the child? Well i suggest you buys life insurance for your child, and tranferred to him/her when she reaches age of maturity or when she/he comes out to work.He/she can continue from there onward...
cheers

Life is not perfect, and cruel sometimes, you cannot have whatever protection you needed. So need to prioritise which one is more or most important. Just like a couple have a newly born baby or kids, the most important is to insure on the one that is the financial supporting pillar, not the child or baby. If the child passed away, the parent won't suffer (financially as insurance is about financially issue), but if one of the parent which is the main earner passed away, then we have 2 people are suffering.

Hey guys....

Im currently having Prudential (PruLink i think) about 3-4 years already, but recently i heard ppl saying Great Eastern is the best insurance.

Does anyone know whats the difference?
Should i stop Prudential and switch to Great Eastern, or get both?