I have an AIA Prime Life policy that I bought from a relative who's no longer in the business.?

Hi there,

From what i know, prime life is a perpetual paying policy. Meaning you pay until age 99.

If you have currently stopped paying for the premiums, your policy might have gone into what we call, automatic premium loan(APL) , where the premiums are deducted from your policies value. Depending on your age, and date of purchase, the surrender value is very low based on my personal experience.

You should contact customer service at AIA, to find out what is going on exactly with your current policy. Should you choose to continue on the policy, you might need to pay the outstanding arrears, to continue full coverage of the policy. If you wait it out, and should there be an incidence of premature death, disability or terminal illness, your sum assured will payout less what is owed to the company.

Hope i was able to shed some insight, but you will need to contact AIA to get the full picture.