If you do have an ILP, remember to regularly assess your costs and benefits, and review your plan with your wealth planning manager at every major life stage. What are the key rules of ILP? Cards are rated by our team based primarily on the basis of value for money to the cardholder. This extra lump sum of money can be placed in an ILP, to complement an existing conventional life insurance or Takaful plan. As with all other investments, take note of the charges involved, the percentage allocated towards investment and insurance and most importantly, choose a good financial advisor who will take you through the fine print!