It's not about insurance firm taking too much. After all the savings and maturity element is priced in. You also pay for the guatanteed returns. (Note: Although, yes, of course, insurers get higher profit margins from savings plan compared to pure protection products. )

Anyways, this is a Kaotim quote for 36y/o female with RM1mil covering death TPD. No surrender value at all and level premium throughout. 30y level premiums



This post has been edited by contestchris: Sep 18 2025, 02:59 PM

What you're conveniently missing out on is, the insurance company will invest most of the premiums in the initial years into assets that yield 5% returns (or more). So by the time you're dead at 100 years old, the insurance company has made significant profit even if they pay out more than your total premium paid.

Definitely no need to pay tax.

I'm going to give you an honest advice.

1. Retain the policy and let your daughter take over the payments. For one simple reason - the ILP is already in-force so long that the premium allocation rate is now at 100%. If your daughter were to re-purchase an ILP, then she will need to go through lower allocations in the initial years - all that money goes into the agents pockets.

2. While it is true that a standalone medical plan is cheaper (especially over the short term), in your case this doesn't apply since the ILP allocation rate has reached 100%. If you purely look at the ILP's medical rider COI charges vs a standalone medical insurance premium, you will notice the COI is a fair bit cheaper.

3. If this is with Great Eastern, highly likely that you can upgrade the medical rider. This is very important. Your daughter needs to upgrade to at least Smart Protect Shield 250 plan. She may need to pay additional premium, that is fine.

NOTE: Make sure the medical rider upgrade is done with FULL UNDERWRITING, not as part of a "free" upgrade with no underwriting. Very important - if she does full underwriting again (assuming she is healthy), she will be placed in the pool of healthy insureds. If she takes the "free" upgrade with no underwriting, she will be placed in a pool that combines both healthy and unhealthy insureds. In the longer run, the latter pool will experience faster/sharper medical repricing.

4. Your daughter may review the sum assured and the riders. RM3k annual premium for a kid is a lot, some things may not be necessary.

5. Depending on the sustainability testing (aim for 80 years, no need 100 years), if you really must, you can partially withdraw some of the fund value - there is no penalty whatsoever.

This post has been edited by contestchris: Oct 23 2025, 10:34 AM

If ILP, can. As long as got sufficient account value, no issue.

For standalone, of course cannot. Not possible whatsoever.

Dude you know nothing and end up confusing others.

1. Your own policy is a standalone medical policy. The company has the right to revise the premium at their own convenience. Standalone medical policies are "annually renewable". So logically if you want to be covered for another year, you pay the hiked premium or lapse.

2. Your family member's policy is an investment-linked policy (ILP). Here, the cost of insurance (COI) WILL increase, but you can opt to continue paying the same premium at the cost of the sustainability of the policy (i.e. it will terminate earlier as the fund value will run out sooner).

This post has been edited by contestchris: Oct 30 2025, 11:05 PM

Then name the insurer and let them be sued. Where can an ILP premium be unilaterally increased? Unless your agent went and accepted it on your behalf, IT CANNOT HAPPEN.

Man you are posting nonsense here, making up stories without showing any proof.

Name the insurer, what is so hard? Show some evidence.

I think this guy here a bit confused (assuming he is not making stories up).

The Investment-linked Policy has TWO components:

1. Cost of Insurance (think of it as a sub-premium)

2. Actual Premium

Cost of Insurance can be unilaterally increased, whether you agree or not. This is the amount that deducts from your unit account every month.

Actual premium for an ILP CANNOT in any circumstances be unilaterally increased (except if you or your agent accept). You name the insurer, I will help you sue them.

This post has been edited by contestchris: Oct 30 2025, 11:13 PM

It's okay to be less educated but at least learn from other and do not spread untruths.

Man show some proof, let us see. I am interested to see how they word it. Don't just post without any actual facts.

I must admit @coolguy_0925 is correct and I am wrong. My information must be outdated. There exist ILPs with unilateral premium increases, as per the BNM regulations on IL business.

Link: https://www.bnm.gov.my/documents/20124/9481...siness-2023.pdf

Then tell them if they do not guide you, you will lodge a report to Bank Negara Malaysia. And follow through with it should they still not be helpful.