What are the disadvantages of savest plan by AIA?

Hi Anon,

Savest is a term used by AIA, I believe the policy is actually called 'AIA Wealth Pro Advantage'.

This is a (in AIA's words) "a unique 2-in-1 savings and investment plan that offers the stability of long-term savings and the growth potential of investments, allowing you to reap the best of both worlds."

So it is a hybrid savings and investment plan.

Here's my stand: If you want to have guarantees, a saving plan or endowment plan is one way to do it. If you want to invest, you should not be constrained by the T&Cs of a policy.

Thus, I would not combine investment and savings in a single policy. I would save monies in a suitable policy for my guarantees, but invest on my own terms.

Which part of the plan seems complicated to you? (If you provide some details I can see how to address your query further) If something is complicated, then generally I would not want to commit to if I don't know or don't fully understand what I'm getting myself into. You may still be entitled to a free look period if you decide that this policy is not suitable for you. I would suggest that you speak with someone else for a second opinion before deciding on your next step.

Hmm... if you were sold this plan without proper understanding what you bought.... then I do think the agent might not have done right by you..

You have the option of free-look for the next 14 days, so you can decide whether you want to cancel it and have your premiums refunded back to you