Hi,
Good day. Want to ask, is there insurance plan like cover critical illness until age 80 ke. But you pay until certainage 65 like that..

That's the Excelife policy.

What do you need to know about it?
I have the exact same policy for years.

hmmm how come i can't open?

try my best to explain Fully Paid up vs Extended Term-Life

Full Paid up means, if you stop paying now, what coverage amount will you enjoy until age 100 (if your original is also age 100)

so if your coverage now is RM100k, depending on the factor applicable, if you paid up now, maybe is RM40,000 until age 100

Extended Term Life means, if you stop paying now, how long will the RM100k last (instead of age 100), maybe until age 50.

Agak-agak ya. need to read the policy. i forgot where is mine, i also buy similar plan but different company

note that after any of these 2 action, no more frill benefits. just death/TPD coverage.

It pays the sum insured + dividends + terminal dividends.

To convert to ETI, you can head up to the servicing branch and fill up the form.
Based on your dividends available, the policy will be reduced to only cover for Life up to x amount of years.

No lah, none of it will be kept by the insurer.
The Guaranteed Cash Value will also be paid out.

In the event of a Death Claim, nothing is to be left in the policy, and the policy terminates.

Sorry ah, some correction to be made:

In the event of a surrender, you get  Dividends + Guaranteed Cash Value, as shown in the statement you received.

In the event of a death claim, your nominee gets the Sum Insured + Dividends + Terminal Dividends (if any).

Ni confirm betul. I checked back on a recent claim.

Yes, this is correct and accurate information. And I believe it is the same across the Life Insurance industry.

Why the underwriters (and myself) are so confident regarding this is because jack2 is looking for just a Life coverage.
The current ILP fund projections are limited to a maximum of 5%. Which both you and I know that capping an equity fund projection at 5%p.a. is really an overly conservative view, especially when we're talking about a long-term horizon in this case.

So yes, if the quotation systems (which is set to abide by BNM guidelines) is able to generate the quotation, then yes, it should sustain to whatever age selected, even with a 2%p.a. projection.
With that said, is there a chance that Malaysians suddenly experience a greater mortality rate than right now? So much so that it disrupts the current demographic statistics to be skewed WAY off? YES! The possibility is always there!
IF and WHEN it happens, of course it will hike the COI, and jack2 will receive a letter notifying him to increase his premiums by X amount.
Even then, it is merely an option or suggestion to cough up more premiums. It is not absolute. Only at that point, sustainability becomes an issue.

What's the problem here?