I'm 33 this year, no past heath issue, non smoker
Thinking to buy life insurance that covers next 20 year. How much roughly for 1m policy?

Depends, ranges 100 to 300/m

Depends on age you buy, amount of coverage you choose and until what age. Say if you cover until 100 Vs you cover until 60, very big difference in premium.

Also need to see your insurance increasing in price as you age or fixed. Yes nlike medical insurance which increase as you age, there are these kind of insurance that the premium are fixed for life.

Also need to see what insurance company. Like medical insurance, need to shop around.

Yes, medical cost are expensive. Normally CI and Medical cost of insurance will be higher than life/TPD.

Based on your example, it means the cost has now exceeded premium paid, this is where they will deduct cash value to keep the policy inforce.

The higher your coverage, the higher the charges. Medical benefits are normally high. Your life or critical illness cost will also be high if you opt for a very high coverage.

When you don't pay enough premium to maintain such high coverage then sooner or later, your policy will lapsed due to unable to sustain the policy cost.

I'm just curious, is your objective to ensure your financial security or to ensure that agent and insurance company earn less?
Which would help you sleep better at night?

In order to understand these charts, we need to first understand the process flow of all your premiums paid.

So every ringgit you pay in premiums follows this flow:
100% of your premiums paid goes directly into your investment account, less any commissions paid to the agent.
After that, when the company charges for COI, it'll then charge to your investment account, which is where you see the units being deducted accordingly to their unit price.

And since, from the example given, the portion going into your investment account is at that level, my guess is that your policy is rather new?
My guess mungkin salah ya but it's my best guess la

Okay bro, chill sikit. Here we memang will tekan a bit.
Just food for thought ya

No worries, it's good that you have something started. 

I am new father, I can understand where you coming from. At least from my narrow perspective.
So if I were you, this is what I will flip through the policy contract to look for:

1. Maturity - at what age does the policy mature/expire?
Why this is important leh?
Because let's say I want to save some money, I choose a lower age of maturity, say age 70. Premium lower, of course I happy.
And what that means is that at age 70, the policy ends. Should there be extra funds in the policy, I may have the option to let the coverage continue until the funds in the policy runs out, but I cannot continue to pay premiums into it, sebab the contractual term dah tamat.

2. Account value projection - look for a chart with the non-guaranteed account value, with scenario 1 and scenario 2.
Why this is important leh?
It's important to you because your objective is clearly for some level of security.
SO if the projection levels at age 70 is just a "-", what I would do is to put up more money into the regular premiums.
Personal preference: I would much rather put up small tickets along the way, rather than be given a big surprise in my golden years.

In what scenario would you need to cough up more money, aka, top-up?
How insurance started is based on the guiding principle of mutual assurance. The same guiding principle is still well and alive today, just that it also developed with the times into all the different selections that we see today. No right no wrong, it just caters to different market segments. So to each, its own.
With that in mind, comes my first point: we are sharing into this medical insurance pool with all the customers of your respective insurance company. Should the claims experience be above and beyond what was projected, everybody that shares into the pool would naturally have to pull more weight.
Secondly, we also need to understand the nature of an investment linked policy.
When interest rates are up, naturally it demands less money from us to sustain the policy.
When interest rates are down, naturally it demands more money from us to sustain the policy.
Of course there are going to be exceptional cases. And the example I illustrated above is just a general guide to understand it.

So with this in mind, we can actually have a proactive role with our policy (hence the importance of reviewing regularly).

If GE have not send you any letter notice, you don't need to worry about anything.

However if you are worried, you can always get your agent to talk to you about the policy.

hi Rinth, reason being insurance charges for medical is much higher than life insurance is due to the claims ratio and also medical cost in Malaysia. the high insurance charges of medical card is to cover this coverage cost. in terms of whether agent/insurance companies earn more through medical policy, it will come down to very technical term to explain and very complicated. in short, because of the high insurance charges of medical card, hence higher premium. (if got chance to meet up, then only explain to you more on the agent commission part, to explain it here will be difficult and complicated).

also your premium of RM160 will be used to buy funds (example here is the RM121.60) then the funds will be used to deduct all insurance cost+policy fees (RM74.21) then the balance of RM47.39 goes to cash value.
hope the above clarify and answers your concern

The real question is,
1. Are you trying to give insurance advise to a 3rd party or by copy pasting our replies here to answer the 3rd party?

2. Are you an insurance agent?

It's not advisable to give out insurance advise if you are not an insurance agent. Instead, get this person to contact a licensed agent instead to get proper advice as your question above is speculative and general without proper context.

Whether it's "worth it" or not is always depending on the purpose of the insurance.

1) This is ILP or standalone?
Bro... maybe this question is for the agent who sent the proposals to you?

From the premium u as agent cannot determine? i mean from 1st glance i think you know the answer already. I'm not expert so my glance cannot tell, i only can guess.

2) is there any differences if taking ILP or standalone plan? I previously heard standalone life insurance covers untill age 70 or 80 only, but with ILP can cover longer untill example 90 yo.
I figured it would be easier for you to tell what you want, what your expectations are.

the reason i ask because if via ILP can extent to older age, then no choice will choose ILP. If there is no difference then we still have option to choose whether is standalone or ILP.

3) differences RM 3xx per month premium worth it or not for additional RM 100k life insurance?
At 65, the rates are about that level.
Worth it or not... it is so subjective.

RM 13 for mineral water... in many instances, I would rather stay thirsty.
But if I'm up on a mountain with my wife and my baby and all of us are thirsty, I'd get 2 of the same bottle for a start.
Back to your question: life insurance worth it or not... it's so subjective la bro.

And what other people usually buy... got anything to do with you or not?
What if I tell you other people usually buy without knowing anything about it, mau ikut?
If that's the case, why even check here? Just sign simply2 je lah

And your analysis...
Maybe just fork out more money for a higher sum assured, and a longer sustainability.
How high leh? Until it's worth it loh.
IYKYK

I worte about it in few post back about ILP Vs standalone. Anything bundle with life insurance is usually ILP.

Keep in mind that if your parents got existing condition they won't be covered eg high blood pressure, diabetes and it's complication.

You can choose to cover until whatever age you can afford. Nowadays got standalone insurance cover until 100 years old. But can you afford the premium at day 20k/year?

I alway say get standalone. Don't get sold by agents or "planners" for ILP.

Cheapest standalone until age 80 (from what I calculate Vs AIA or GE you can cover to 100 also if you want)
1. Medisavers
https://medisavers.my/medisaversvip-prime.html

Others
AIA medi flex with rider
https://www.aia.com.my/en/our-products/medi...e-mediflex.html

GE
https://www.greateasternlife.com/my/en/pers...-extender2.html

Generali
https://fiselect.my/medical/

Keep in mind some last age to onboard is 70. Expect insurance companies to ask for medical report on health before approval due to age. They can ask for it and it is their right.

For me personally I went with AIA. I had an GE insurance, exercise my cooling period due to not so good reputation of GE trying their best to delay admission or GL (not I say, so many of my friends working in private hospitals tell me).

Which one is the best?
AIA and GE can apply for outpatient GL for dialysis while others pay and claim. There is no best. All depends on budget, room and board, how long post hospitalisation follow up.

Which is the cheapest?
If you cover until 80 years old, medisavers

Which one have longest outpatient coverage after hospitalisation?
GE

Which one have not so good reputation?
GE. Others unknown (Generali and medisavers) unable to dig up info on Generali or discovers due to not many people using it. AIA usually no-issue as long as pay on time and in full. No questions asked unlike GE.

When you buy medical insurance, do not expect any cash value left. Whatever you pay, just assumed it's burned. Only way to get returns on medical insurance is to use it for admission.

Hope this help your search. Keep in mind at 60+ premium is expensive yo. Sometimes at that age, best to pay out of pocket.

But if the place they wanted to get more info to decide ( like this thread) to decide if standalone or ilp, ..only et info and suggestion on standalone and all it goodness and all the bad of ilp.

Then the buyer could end up losing
Especially from non licensed respondents.

BTW, those that wanted to know more about standalone or ilp which is better, can always get from Google.

But the answes given on standalone points to cheaper, ..
Is that a winning and legit answers?

Did you not notice, there are many questions asking about it here
Some just want mire info to help them to decide after getting info from the web

If the info is 1 sided?