maybe someone here can help explain the impact/effect to the coverage

There had been frequent postings abt premium increases... Not only from GE
May we know the % rate of your increase?...
If I can remember correctly, I read that, if you did not pay the increased premium, then the sustainabiliry of Yr policy maybe affected

You cannot reject the increment. The charges will still increase whether you increase your premium or not.

Assuming your policy is an ILP, if you dont increase your premium, what happens is your account value will deplete faster and your policy may lapse when the account value is zero. So answer to your question, yes, it may affect.

Usually few things you can do, switch to lower plan, increase your premium as advised OR switch to a plan with co insurance or deductible. If really tight on budget need to speak to agent but again, last few post also someone mentioned agent not helpful.

Read my previous few post. The answer wont change much for everyone asking about this.