We give your savings the best rewards.
Earn guaranteed regular cash payouts.
Developing a regular savings habit early is one of the best ways to achieve financial security over the long term. Protecting yourself and your loved ones against the unexpected could be important to you too. But a balanced life should also be enjoyed as you go along. So is it possible to plan for tomorrow and enjoy today?
The AIA SmartRewards Saver combines the benefits of savings and protection in a single plan. With guaranteed annual cash payouts from the end of the second policy year, you can enjoy the pleasures of life along the way and potentially build a sizeable nest egg for the future. And all the while, you will have the peace of mind of knowing that your family will be taken care of if anything happens to you. There are two terms to choose from – 21 and 25 years.
The benefits of this plan include:
No lump sum required
AIA SmartRewards Saver is designed to help you get into the good habit of putting aside money on a regular basis. You do not need any lump sum when you sign up.
5% guaranteed cash payout every year plus 25% or 5% at maturity
From the end of the second policy year to the second-last policy year, AIA SmartRewards Saver pays out 5% of the Insured Amount of the basic policy in cash, annually, to spend as you wish — guaranteed. At maturity, the 21-year plan will pay 25% while the 25-year plan will pay 5%. This means that, for both plans, you are guaranteed to receive at least 120% of the Insured Amount over the life of the basic policy. If you prefer not to receive the 5% guaranteed cash payout each year, you have the option to redeposit it with AIA to earn interest.
Accumulate bonuses
In addition to the guaranteed cash payouts above, your plan has the potential to earn bonuses which would be paid out in the event of surrender1, death, or at maturity. Discretionary (non-guaranteed) bonuses may be declared and added to your policy each year during the life of the policy and once added, the bonuses are guaranteed2.
Protection against the unexpected
The plan provides a basic Insured Amount. In the unfortunate event of death, your loved ones will receive the Insured Amount (or the total premiums paid3, without interest and less coupons received, if that amount is higher), plusany bonuses that may have accumulated in your plan. Your regular premium will determine the value of the basic Insured Amount, which will be used as the basis for calculating the guaranteed annual payouts, and any bonuses that your plan may accrue.
Extra protection
A wide range of benefits can be added to AIA SmartRewards Saver providing enhanced insurance protection against unforeseen events including critical illness, accidental death and hospitalisation. Ask your AIA Financial Services Consultant for details.
For more information, download the brochure or call your AIA Financial Services Consultant today!
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Important notes
1The surrender value of the accrued bonuses paid out on early surrender may be less than the actual accrued bonuses.
2The surrender value of the accrued bonuses paid out on early surrender may be less than the actual accrued bonuses. Future bonuses will not be added to your basic policy upon its conversion to reduced paid-up insurance or extended term insurance.
3Excluding additional premiums paid for non-Standard life, adjustment for the size of the Insured Amount or premium payment mode.
All insurance applications are subject to underwriting and acceptance by American International Assurance Company, Limited (AIA). Submission of an application form and payment does not guarantee acceptance by AIA. AIA reserves the right to withdraw the plans earlier or reject your application without prior notice.
The above is a simplified description of the product features. This is not a contract of insurance. The precise terms and conditions of the plan(s), including exclusions whereby the benefits under the plan(s) will not be paid out, are specified in the policy contract(s). You are advised to read the policy contract(s). Only terms and conditions set out in the policy contract(s) are binding.
Buying a life insurance policy is 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.
This is only general information provided by us and does not have regard to any specific investment objectives, financial situations or specific needs of any person. You may wish to seek advice from an AIA Financial Services Consultant or Financial Advisory Representative before making a commitment to purchase the product. If you choose not to, you should consider carefully whether the product is suitable for you.
The information is correct as at June 2010.
