I am 22 years old this year, I just started buying my own insurance. My insurance agent recently recommended me to buy this AIA plan called GPP with 2x booster. Is the plan good?

Hi there,

GPP with 2x booster a good plan for life protection but you need to have other plans such as hospitalisation, accident and critical illness coverage on top of this to be well covered for now. It is good to start young as the premiums are relatively low.

Hey there!

Will need to chat more with you to find out your needs and objectives.

With GPP, a 2x booster will mean that you will receive twice the coverage during your working years, ie. if your base coverage is 100k, you will only receive 200k coverage for death and TPD. I normally will opt for a higher boosted coverage. And it's actually cheaper to opt for a higher multiplier instead of a 2x multiplier. But of course, when the multiplier ends, it will drop back to your base coverage then (which will be lower if it's a 5X multiplier). And you will have a higher cash value compared to if you have a 5x booster.

If you are looking for coverage, you might want to either opt for a higher multiplier or get a term plan instead since you'll ultimately need something to hedge against a liability.
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