Insurance bonuses

Its better to double check with the customer service whether encashing will affect your Terminal Bonus. I would not encourage clients to encash their reversionary bonus as this will affect the terminal bonus.

Cashbacks/dividends which are not reversionary bonus are ok since they earn 1.5%/3% interest had you kept it with the insurer.

Hi, it depends on the exact policy itself, what is the name of this policy and there should be fine prints in the documents regarding the withdrawal.
But it will definitely affect either the sum assured or your surrender value.

Depends on what you're encashing the money out for, if its for an emergency, then no choice but to use it.

Or using it to put it in another platform that gives higher interest?

Another easier way is to call the insurance company hotline and call through to the customer service and ask them directly!