Asked on 16 Aug 2018
What policy should I get from AIA to join AIA Vitality Programme? I already got Prudential Personal Accident, hospitalization etc and do not wish to pay a lot?
I found a very good loophole to become an AIA viatility member without buying expensive plan. Here's how it works:
(1) AIA Direct 5 year Term Plan $50k sum assured, no rider, non-smoker, no CI for 25 year old male only cost $46.05 a year, which is $3.83 per month.
(2) AIA Vitality cost $5 a month.
Each week, if you meet the inidivual weekly target, you will get $5 voucher - Cold storage/Starbucks. Assuming if you meet the target every week, you will get $20, less $8.38, you will earn $11.62.
Note that you have to sign up the plan with AIA Customer service directly as there is $0 distribution cost (meaning agent don't earn anything).
Oh dear, I was about to say Personal Accident Plan cheapest plan without all the options available.
That would be about $17/month..
Hm..maybe your company's insurance? Hopefully they are under AIA.
If not, another option would be AIA Glow of Life!
Its a female critical illness coverage, it is about $18 - 22/month and it comes with free health checkup every 2 years!
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You might actually want to look into the benefits of the aia solitaire pa plan vs the prudential pa plan. For example, the pricing of the plans are very similar for the basic plan but for aia you can actually add in an additional riders to get a weekly indemnity benefit of 100 per week. This will be useful when you are injured accidentally and is given a period of Mc to rest.
In addition, the benefits and discounts of the AIA Vitality would far outweigh the costs of the premiums involved.
Let me me know if you need further clarifications.
For AIA, I am currently on their hospitalisation plans.
Since personal accident plans are renewable yearly, guess u can consider switching to AIA after your current term finishes? The vouchers from the Vitality Programme is more than the premiums of the PA plan itself. But that is also provided that you spend about S$40 per month on either Cold Storage or Starbucks (=
You can get AIA PA, then drop your Pru PA. (Or hold both if you like lol.) Remember to have the new one in-effect before you cancel the other one, so you do not go without coverage. Personal Accident policies do not require underwriting, hence you can buy like you are subscribing to Spotify.
While reimbursements you will have to choose either to claim, the sum assured actually adds up in event of death etc.
Provided that you do not have an existing medical condition:
You can switch from the Prudential Shield Plan to the AIA Shield Plan, which is largely competitive in terms of the price in the market as well:
If you are already paying for the Prudential Hospitalisation Plan's cash rider, take note of this:
With the AIA Max Essential A Saver Rider ( Reduces the cash rider costing), you enjoy saving more on the cash rider portion!
Compare between Prudential and AIA here:
I've just checked the aia website. Now only Limited policies attached to aia vitality. Personal accident no longer has aia vitlty.
Your best bet would be AIA Solitare PA or AIA Glow of Life to justify your premiums with the benefits
However if you still have a gap in your coverage, why not consider other plans AIA has to offer?
If you are willing, you could perhaps switch one of your plans over to AIA. That way you are not purchasing an additional policy for the sake of it.
If for example the AIA PA aia more expensive than your prudential, the benefits from the vitality program should more than make up for the difference.
I am currently with the AIA Solitaire personal accident plan just solely for AIA Vitality, and that plan is actually pretty good for people who play sports regularly, as it covers physical injuries from sports, from ambulance to outpatient procedures. It even covers food poisoning incidents, and TCM sessions relating to injuries! I was so amazed by it that I upped the plan under my own discretion.