Sharing with you the insurance charges for an ILP underwritten by AIA, for reference 

you mind elaborate a bit, the y axis represent what value?

Sharing with you the insurance charges for an ILP underwritten by AIA, for reference 

Inflation is a part.

Remember to always report hospitals who extensively ask u to check/scan/test everything uncessaries. Once they know u have insurance, they will milk it

2 times I claimed insurance at private. Got high fever that never went off, and do blood test, urine, there was a part he advice me to go for brain scan because I told him I got a bit of dizziness, but it was due to low blood sugar that I never told him I had it. That was before blood test.

So where the cost goes? They charge insurance company and the insurance company inccur these charges to you.

Mind asking, ...
That chart shows the projection rate or actual raised rate?
That chart is just applicable for a certain age group of entry or is applicable for all age of entry  too?

these were the actual insurance charges extracted from the AIA's portal, extracted since the inception of the policy, around end Nov 2018.. not sure if the information is available for other insurance providers though. the increase some time in November 2023 shown in the chart, is when the provider called, send letter, and notifications in app to request for an increase in premium payment (these was discussed briefly in the forum if i remember correctly! )

Could not comment further on the applicability of the chart for age group/ profession etc sorry! because i only have one data points here

these were the actual insurance charges extracted from the AIA's portal, extracted since the inception of the policy, around end Nov 2018.. not sure if the information is available for other insurance providers though. the increase some time in November 2023 shown in the chart, is when the provider called, send letter, and notifications in app to request for an increase in premium payment (these was discussed briefly in the forum if i remember correctly! )

Could not comment further on the applicability of the chart for age group/ profession etc sorry! because i only have one data points here

totally agree.
the agent tells you to sign up early, because if you do it later, the premium will be higher.  he does a projection and say that by paying this x amount at this age, the ILP can sustain until you're y years old. you agree and sign up.
after 3 years you receive a letter saying that in order to sustain until y years old, you need to top up your insurance because medical cost has gone up. so you top up. after another 3 years they tell you the same thing, this time the monthly premium has gone up more than double - yes, it happened to me and messes up with your budget / expenses. imagine like paying rm300 and couple of years down the line they tell you to pay rm800+ ?
i didn't bother to top up my premium because of the ridiculous increase. I just continue on with the old premium, it may lapse at a younger age but i also create my own insurance by putting money into savings.
I'm ok wth an increase in premium BUT it should not be of a too significant amount.

what will happen if you continue with old premium?

the coverage will reduce?

what will happen if you continue with old premium?

the coverage will reduce?

Reduce the numbe of years your are covered. Eg. Suppose to cover until 80 years old. You refuse to increase premium. So maybe now cover you until 76? How many years reduced will be inform to you.

will the insurance co update you on the matter?

All other things equal, coverage will lapse before the contractual term.

Yes they send a Sustainability letter to you every year.

can I later pay the difference then insurance co will restore back the coverage term?

Of course, you can do single premium top up in the future, just make sure your policy doesn't lapse in the mean time

will the insurance co update you on the matter?

can I later pay the difference then insurance co will restore back the coverage term?

When they give you letter to increase premium, it's written inside the letter if you don't pay up, your coverage years will be reduced to xyz year.
Yes. You can always do lump sum top-up to increase your years. You don't get this option with standalone. Standalone you don't pay, policy lapse. If you are a good pay master, no issue.

However I will never buy an ILP.