Hi Mr Tan,
You are an expert in this subject. In the newspaper article it was mentioned by the reporter that with the term insurance covered for $400,000 annual premium of less than a thousand and yet there are cash back guarantee features.
Do you know of any such insurance company. I will be interested to purchase such policy.
You can call the insurance companies listed in this FAQ:http://www.tankinlian.com/faq/termd.html
This FAQ shows the benchmark premium rates.
If you are quoted a premium closed to the benchmark rate, you can accept it.
In most cases it is better to buy a Term insurance without any cash back feature. You pay a lower premium. If you invest the difference separately, you can get a better return compared to the cash back.