3. TRANSPARENT
This is a typical table in a proposal or sales illustration by any insurers. It clearly states all the important information such as premium, cost of insurance, other charges, fees, and cash value in two scenarios. New regulation by Bank Negara Malaysia also requires Insurers to include commission pay out.
This is one of the most important schedule that we need to understand before we agree to any ILP plan. It will tell us how long we need to pay our premium, how long it is expected to last and etc. You will understand more when you understand the final and most important segment in our discussion.