Should I consider the AIA Triple Critical Coverage plan as a insurance cum investment with returns of 4% pa?

What gives you the idea that AIA Triple Critical Coverage Plan is a insurance cum investment?

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To be clear, let me go through the following:

1) Triple Critical Cover is a extended non-participating life plan which payouts up to 3 times the insured amount.

2) However the premiums are about 2-2.5 times (depnding on it being value plan or max plan)

3) If we counted the time value of money, you will lose about 33% to 45% of future value, worse if you wait until it matures

4) The best time to surrender/mature for Max Plan is at age 75 (where you get back 75% of insured amount)

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Based on your age, for max coverage of $800,000, the premium should be near $15,000 a year for a Max plan. That translate to about 1.87% of coverage.

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You may wish to calculate whether self-insure or multi-pay CI is your cup of tea.

never mix insurance with investment.

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period.