Term Life Insurance
Asked 2w ago
In general, it offers the standard form of coverage for death and TPD like every other Term plan out there. The default coverage goes from $500,000 onwards for death and TPD and you get to either purchase it in the form of coverage in number of years (5, 10, 20 or 30 years) or get it till a certain age eg. 65, 75 or 100 years old. The flexibility here of course allows you to decide when do you want to be covered up to.
You get to also convert it to a whole life plan at some point or renew it without any medical underwriting.
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If you are looking at pure death coverage, then I don't think there is any significant difference in the terms for coverage.
However, when we include Critical Illness coverage, AIA covers a total of 43 Critical Illness conditions while most other plans cover 36 or 37 medical conditions.
On the whole, we may integrate AIA Secure Flexi Term with AIA Vitality for up to 15% premium discount in the future. This could potentially mean huge savings over time.
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