AIA Life Protection Reviews and Comparison - Seedly
 
AIA Life Protection
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AIA Life Protection

Investment Linked Policies (ILP)

Insurance

You have to let us know what do you mean by full refund? If you are beyond the freelook period of 15 days, you will likely not be entitled to any refund of premiums. If you are looking at surrendering, there are surrender charges, as insurance is a long time commitment. Hope you let us know exactly what do you mean.

Insurance

AIA Life Protection

Term Life Insurance

Hey Anon, here's a rule of thumb you can follow for amount of coverage you should have. In the event of death and permanent disability: 10 X your Annual Income In the event of Critical Illness: 5 X your annual income. So if you're making 50k a year, you should have 500k in Death Cover and 250k in CI cover. AIA TCC has a staggered payout schedule and doesn't pay 300k upfront. It pays 100k and then goes on a reset period where after 12 months iirc you can claim again. So treat it like you have 100k cover only. Now, all insurance companies have term life plans that you are looking for, but if you'd like a comparison from 7 different insurers, drop me a message on FB and I'll assist you. I'm an IFA rep, so I represent multiple insurers. :)
About AIA Life Protection
Term Life Insurance PlansAIA Secure Flexi Term, DIRECT – AIA Term Cover
Whole Life Insurance PlansAIA Guaranteed Protect Plus (II), AIA Pro Lifetime Protector, DIRECT – AIA Whole Life Cover, AIA GEN (III), AIA Prime Secure
RidersPremium Waiver, Total and Permanent Disability Protection, Critical Illness Cover Protection, Early Critical Protector Life (II), Critical Protector Life (II), Early Critical Protector Payor Benefit, Total Critical Accelerator, Double Critical Cover, Early Critical Protector Waiver of Premium, Child Critical Cover
Contact Information1800 248 8000 or +65 6248 8000 (for overseas calls only); Monday to Friday: 8.45am to 5.30pm; Weekends and Public Holidays: Closed

About AIA

Founded in 1931, AIA is the short form for the American Institute of Architects, and provides insurance products and services to their customers in Singapore. AIA aims to provide 'Healthier, Longer, Better Lives' for its customer by supporting their physical and financial wellbeing. Apart from insurance services, AIA provides activities such as The Music Run and AIA Vitality to encourage a healthier lifestyle.

Term Life Investment Plans

1.       AIA Secure Flexi Term

This insurance plans covers for terminal cancer as well, being the 1st in the market to provide the additional safety net. This plan can be converted to a whole life, endowment or investment linked plan whenever required. You get to enjoy 15% off on future premiums if you have AIA Vitality.

Sum Assured: S$1,000,000

Term Duration:

(a)    Renewable term: 5, 10, 20 or 30 years, up to 101 years of age

(b)    Fixed term: Up to 65, 75 or 100 years of age

Riders: Premium Waiver, Total and Permanent Disability Protection, Critical Illness Cover Protection

 

2.       DIRECT – AIA Term Cover

Sum Assured: Up to S$400,000

Eligibility: 18 to 65 years of age

Term Duration: 5 years (Renewable up to the age of 85), 20 years, up to 65 years of age

Riders: Critical Illness Cover Protection

Whole Life Insurance Plans

1.       AIA Guaranteed Protect Plus (II)

Sum Assured: S$100,000 – S$500,000

Eligibility: 0 to 65 years of age

Term Duration: Lifetime

Premium Payment Term: 12 years, 20 years or up to 65 or 75 years of age

Riders: Early Critical Protector Life (II), Critical Protector Life (II), Early Critical Protector Payor Benefit

 

2.       AIA Pro Lifetime Protector (Investment Linked)

Sum Assured: S$100,000 – S$500,000

Eligibility: 0 to 70 years of age

Term Duration: Lifetime

Type of Portfolios offered for Investment Purposes:

-          Pro Adventurous

-          Pro Balanced

-          Pro Cautious

Riders: Total Critical Accelerator, Double Critical Cover, Early Critical Protector Waiver of Premium, Child Critical Cover, Early Critical Protector Payor Benefit

3.       DIRECT – AIA Whole Life Cover

Sum Assured: Up to S$200,000

Eligibility: 18 to 65 years of age

Term Duration: Lifetime

Premium Payment Term: Up to 70 or 80 years of age

Riders: Critical Illness Protection

4.       AIA GEN (III)

The unique point about this insurance plan is that it can benefit 3 three generations with the transfer of ownership of the insurance. You can receive dividends after the 2nd policy year and receive annual guaranteed coupon payments to 2.25% of the coverage amount after the 10th policy year.

Sum Assured: Up to S$200,000

Eligibility: 0 to 60 years of age

Term Duration: Lifetime

Premium Payment Term: 10 or 25 years

Riders: Critical Illness Premium Waiver

 

5.       AIA Prime Secure

Eligibility: 35 to 70 years of age

Term Duration: Lifetime

Premium Payment Term: 5, 10 or 15 years

Benefits:

-          Savings and potential annual dividends after the 3rd policy year

-          Flexibility to swap half or all the coverage to receive 15 years of monthly income

-          Monthly disability payout if you are unable to perform at least 2 out of 6 Activities of Daily Living

-          Lumpsum payout of up to S$50,000 for Special Condition Coverage 

-          Enjoy 10% free coverage on top of your original coverage amount as an AIA Vitality Member