Life
Did you know that fewer than 2 out of 10 Singaporeans have adequate life insurance cover?* Half the life insurance you need gives your family as much cover as half an umbrella.
With adequate protection coverage, you can ensure that your loved ones can live the life you have planned for them if you pass away unexpectedly.
Find out more about how AIA Life Protection Plans can offer affordable, full protection.
* Source: AIA Singapore Nationwide Protection Survey conducted by The Nielsen Company in June 2011
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Life
Save for the future and protect your loved ones
Inflation rose sharply to 4.7% in September from the same month last year, reversing two months of falling levels*.
Consumers expect inflation to inch higher in Singapore^.
AIA Family First Assurance is an all-in-one long-term protection and savings plan that can help you grow your savings faster, as well as provide extra protection coverage, to live through life’s golden moments with added assurance.
With the new Saver Premium feature, you can now tap on opportunities with potentially greater upside to reach your savings goals faster, giving yourself and your loved ones assurance for a brighter tomorrow.
So, if you’re looking for opportunities to boost and secure your savings while ensuring adequate protection coverage to better protect your family’s future, AIA Family First Assurance offers you the opportunity to get both, all in the convenience of one plan.
* Source: Inflation back on the rise, hits 4.7% - The Straits Times, 24 October 2012
^ Source: Consumers expect inflation to inch higher in Singapore – The Business Times Singapore, 23 October 2012
Key benefits of this plan include:
Savings that work harder for you
Build up your savings to reach your financial goals with the Saver Premium1 feature. The regular contribution from Saver Premium goes towards your savings where you’ll enjoy higher unit allocations that go as high as 105% from Year 5, giving you the opportunity to reach your savings goals faster.
Protection against the unforeseen
Reinforce your financial safety net with high protection coverage against death, Total Permanent Disability (TPD)2 and Critical Illness. If any of the above unexpected events should happen, you will receive a lump sum of your sum assured plus the cash value of your policy.
Premium Waiver with continued protection
For greater peace of mind, add on the Critical Protector Waiver of Premium rider3, where we will take care of your future premiums (both Regular Premium and Saver Premium) should you meet with a critical illness, so you have one less thing to fret about. This enables you to focus fully on recuperating knowing that your savings are safeguarded, while we help you fund your savings plan so that it continues to reach greater growth potential.
Planning for your retirement
Enjoy the option to reduce your insured amount to a minimum of 5 times your regular premium4 when you no longer have dependants that require your financial support in your later years. This allows you to focus on growing your retirement savings as you approach your golden years.
Control of your long-term savings portfolio
Select from a wide range of ILP sub-funds managed by professional Fund Managers and tap on opportunities in various asset classes and market sectors based on your risk appetite. Enjoy the luxury of free fund switching at any time when your risk profile changes. In addition, you can further maximise your investments by making top-ups when you have extra cash.
1 At the start of the policy, you may decide how much to save with the Saver Premium feature, where the minimum amount of Saver Premium follows the Regular Premium amount. The maximum amount of Saver Premium is five times the Regular Premium amount. You may subsequently reduce Saver Premium amount at anytime.
2 Total and Permanent Disability is covered up to age 70.
3 Upon diagnosis of any covered Critical Illness, the Critical Protector Waiver of Premium rider will waive the Regular Premium up to age 100 and Saver Premium up to age 70. If you make a claim on Critical Protector Waiver of Premium rider before age 70, the waiver for Saver Premium will end at age 70 and Saver Premium will be reduced to zero concurrently. If you make a claim on Critical Protector Waiver of Premium rider after age 70, Saver Premium will be reduced to zero at the same time.
4 Reduction of sum assured is subject to a minimum of S$25,000.
Important Notes:
This insurance plan is underwritten by AIA Singapore Private Limited (Reg. No. 201106386R) (“AIA”). All insurance applications are subject to AIA’s underwriting and acceptance.
AIA Family First Assurance is an Investment-linked Plan (ILP) offered by AIA Singapore Private Limited (AIA), which invests in ILP sub-fund(s). Investments in this plan are subject to investment risks including the possible loss of the principal amount invested. The performance of the ILP sub-fund(s) is not guaranteed and the value of the units in the ILP sub-fund(s) and the income accruing to the units, if any, may fall or rise. Past performance is not necessarily indicative of the future performance of the ILP sub-fund(s).
You should seek advice from an AIA Financial Services Consultant and read the product summary and product highlights sheet(s) before deciding whether the product is suitable for you. A product summary and product highlights sheet(s) relating to the ILP sub-fund(s) are available and may be obtained from your AIA Financial Services Consultant. A potential investor should read the product summary and product highlights sheet(s) before deciding whether to subscribe for units in the ILP sub-fund(s).
This is not a contract of insurance. The precise terms and conditions of this plan, including exclusions whereby the benefits under your policy may not be paid out, are specified in the policy contract. You are advised to read the policy contract.
Buying a life insurance policy can be a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be less than the total premiums paid.
The information is correct as at 7 December 2012.