Is AXA Wealth Accelerate a good ILP plan?

If you lived in the 1990s and 2000s, I would say ILP is in a way to access some funds that are previously not available in the market. There was not much broker house that offers low transactions fees and not only that, estate duty tax exist way back in 2008, which hedges against this when you need to distribute your estate.

Now in 2019,

(1) There are robo-advisor offering low cost alternatives,

(2) Investment through IB and AMTD brokers,

(3) DBS Vickers with low cash upfront

(4) DollarDex, Poems, FSMone, offering lower fees alternative and unit trust

I'm really trying to argue for a case for ILP now, sadly there is none.

You pay Fees for a value premium. What is the value created by the person that wants you to pay him? That is your answer.

Investment link policies are in the market for a reason. Generally, there are better ILP out there. Of course, most people will take about the fees, I do agree fee are slightly higher as compared to other investment platforms. But you must understand that the open another brand new doors for mass-market investors like you.
Wonder how the rich get richer while the poor get poorer? One of the reason, rich people get to invest in things that poor people cannot. The financial industry deems these rich people as accredited investors. Through "Good" ILP, they open these AI Funds to the mass market and allow them to hop on the ride.
Can you buy these AI funds via normal platform?

The answer is yes, proof of $300K income /year or net assets of $2million, you will be deemed as Accredited Investors.

If the return of the funds has been fantastic, then what is that additional 1-2% of charges you paying for the ILP, in my opinion, is worth it.

Not forgetting the idea of Trust vs Insurance.

ILP is due deem as life insurance, and you are still under SDIC protection. Lastly, ILP may charge more, but they do provide you with an attractive welcome bonus package.

The bonus incentive will assist you to earn more when the times are good, they will be able to cushion your loss when the time is bad such that you do lose your capital.
Having said that, ILP also provides flexibility withdrawal. Of course ultimately whenever you choose to buy must align with your financial goals.