Will AIA Pro Achiever 3.0 be suitable for me if i'm looking for a passive way to invest? I'm already on Endowus & MoneyOwl, & don't think i would have time/energy/interest to do active investment.

Since you don't have expectation on the returns, then just keep it in the banks.

There are so many thoughts on investing on an ILP product . In the end, it really come down to like you say you rather not think about it and let it accumulate. Investing is for the long run and the emtional detachment for it . Yes there will be charges cos the fund mangers who are managing this account needs to get paid too right. As long you have the time frame of 10 years and more, AIA pro achiever should give you the retirement for your future with not much work on your end. Leave me a text, if you want to know more on this.

In your situation, considering AIA Pro Achiever 3.0 as a passive investment option does make sense, especially if you're looking for a low-effort way to accumulate wealth over the long term. It's great that you've done your research and considered your investment style and preferences.

I understand the concerns surrounding ILPs and their cons, especially for those who are actively involved in investments. However, for individuals like you who prefer a set-and-forget approach, an ILP like AIA Pro Achiever 3.0 can serve as a viable option.

A client I recently worked with who had a similar objective:

She was a working professional with a busy schedule and limited investment knowledge. She was looking for a way to grow her wealth without the hassle of active management. After discussing her goals and risk tolerance, we explored various options including AIA Pro Achiever 3.0.

With this ILP, she could automate her contributions, allowing her money to grow steadily over time. It required minimal effort on her part, aligning perfectly with her preference for a passive approach.

You're correct in noting that many of the cons associated with ILPs are related to active management or lack of investment knowledge. However, ILPs like AIA Pro Achiever 3.0 can be a suitable choice for passive investors who want a hassle-free way to accumulate wealth.

If you're interested in exploring further or have questions about how it aligns with your financial goals, please feel free to connect with me on my Instagram (@ngooooied). I can provide personalized advice and insights based on your unique financial situation and objectives.

Remember, the key is to choose an investment strategy that matches your risk tolerance, financial goals, and preferred level of involvement. AIA Pro Achiever 3.0 could be a valuable addition to your passive investment portfolio, but it's essential to review it in the context of your overall financial plan.

Having friends surrender other plans (not AIA Pro Achiever 3.0) make me think it is really hard. for my wife, i just do DCA into STI ETF with OCBC (even though it come at high fees than other option) and forget about it