Regret having two savings plan? What should i do?

I would say its good to keep the plans as long as they werent misrepresented to you. They are a form of savings that you will be able to tap into, regardless of the market condition then. With your working horizon and the length of the plan i would say its quite nice. Since after 10ish years into ur semi retirement u will get its pay out and it allows you a greater freedom further into your golden years.

I would recommend to continue paying for the savings plan. look at things from the Low bank interest rate angle and treat it as a lesson learnt and a form of force savings.

on the point to semi retire and lower expense then maybe consider some investments with higher returns to cover part of the expenses and also look at other areas in your life where things can be trim away.

First AWA is an investment link plan... I believe u have fundsmith as part of your portfolio... AWA should be performing well...
For AIA, it is a saving plan... Both plans works differently.. Always remember what u discussed with your agent and stick it through.. If not everytime what u plan, will always change.

Treat your saving plans as a bond. They are capital protected. $600 per month is still manageable if you are drawing $3-4k salary.