I'm not sure if the terms of my current life insurance are favourable, can someone give me some thoughts and opinions?

Hi Dia, based on the comments, it seems like you have a Prudential policy. Maybe you can share with us the name of the plan so that we can break it out better for you?

Hi Dia,

It sounds like you have a Prudential term policy with riders (I'm guessing)

You'll have to look at what kind of cover is important at this point in life, and how much cover you need. Do consider the following guidelines:

1. Hospitalization plan. This covers any hospital bills and associated pre/post hospitalization costs. This would be from an integrated shield plan, with a rider to take care of the deductible/co-insurance. Depending on your budget, you can take a private hospital plan and downgrade later, or just go for Goverment A ward.
2. Critical Illness coverage. This provides a sum of money for you to cover your expenses and other out of pocket costs should you fall critically ill and are not able to work. Usually recommended to cover at least 5 years of expenses and an additional sum to cover out of pocket. This is usually via a limited payment life plan, or a term plan, depending on your budget/needs
3. Death coverage. This provides a lump sum of money should something happen to you. Not mandatory if you have no dependents or liabilities. Usually takes the form of a term plan. For the coverage amount, you could use a multiple such as 10 x of your current income, or calculate based on your current liabilities.
4. Personal Accident. For the minor stuff like TCM claims, etc.

It's important to ensure that you have the right kind of coverage so that you can maximize the use of your money.

If you can provide the exact details of your current policy, I might be able to give a more detailed breakdown.