agents obviously prefer to sell ILP due to the commission payout to them. No need to waste time in trying to figure this part out. and naturally insurance firms prefer ILP as it gets to grow its asset management biz as well.

your example of 30% vs 15-20 is also in % rite?
percent of what? of payment right? so which payment is higher?

Nothing to be curious about.

I am just stating a fact by asking a simple question.
Which is more profitable to both the agents and the firm?

No passing judgment from me. Insurance is a business, not charity.

I am curious...
this thread is "How to deal with medical insurance repricing?".

So how?
agents recommend ILP... DIY gurus recommend DIY with medical cards only and invest outside...

any other solutions beside be healthy?

I am wondering if anyone notice this effect.

Say one is 36 years old, male, healthy: pay around 180rm pm for coverage.
But at age 76, which i dare say really needed the insurance, the cost is at least 2K rm pm for coverage. (lets not kid ourselves, it will most probably be way more than that when the time comes).

Can one afford to continue the coverage just when one is old, most probably not working and needed the coverage the most?

A great way to hook on "loyal" customer for life...

That's the catch 22... continue the coverage if one can afford by the time one aged, or basically "wasted" all the payments up until that breaking point where one no longer can continue to pay the coverage.

Does it not seem, subconsciously, a little like a nefarious scheme that is not sustainable.... maybe that's why some layman liken it to a ponzi scheme of sorts.

One more observation to note: all these recent no limit lifetime coverage policies look good on paper... but in reality, the medical premium fees will skyrocket as time passes.
(insurance is a pooled risk sharing scheme... pretty much no stats yet for age 70 to 80 under these unlimited lifetime coverage policies yet).

the motto is always get as much insurance as you can afford.... or something like that by agents...
(and they get like 50% of your first year premium paid... ).

oh well... for those who can, its better to earmark/set aside like a million ringgit (have to revise this number every 5 years yourself) to cover old age medical treatment than throw into some super expensive ILP or medical card.

guaranteed renewal doesn't mean the price will not go up by a lot...