It's a random insurance agent and he told me to login my policy and he screenshot all of it, saying will review my policy if there's better policy on next meet, so is it a norm to do so? I was in a rush so didn't think much, but now I fear he may do something on my policy as he has all the softcopy.
There is no need to fear as the beneficiary is not the insurance agent. At most, you get more encouragement/harassments if there are gaps in your coverage.
I reviewed my policies over the past 1-2 years and cancelled a few that overlap. It took me so long as I had to create accounts and login to download the details, then summarise in an Excel. Some policies also took me some time to read, understand and compare across.
The ones to really keep are the hospitalisation plan and life insurance. For the former, the costs will spike once one is hospitalised, while the latter only really pays out well at the last 2-3 years before maturity.
Now I'm reviewing the integrated shield plan but I have to slow down a bit here. There is a turbulence at the moment as the insurance companies are switching to co-payment mode, claim-based premium and adjusting the coverage.
The review will get a lot more complicated if one has existing conditions that make switching or buying new ones more costly and tough.
