Cash value on education policy

Dear Mr. Tan
My child's education policy matured lately. However, the increase in cash value is lower than the previous three years. I though that the value should increase more, according to the duration.

Below are the cash values:

Year  Cash value   Increase
2005   $37,956
2006   $44,734      $6,778
2007   $49,461      $4,727
2008   $52,397      $2,936  (maturity)

Is the maturity amount applied to everyone in the same age group and sum insured? In 2003, the insurance company send a letter stating that the estimated maturity amount is higher than the $52,397.
JT

REPLY
I suggest that you write to ask the insurance company. Their actuary should be able to give you an explanation.