AIA Flexi Retirement Plan
AIA Flexi-Retirement Plan is a highly flexible plan that potentially enhances your retirement savings. It's an investment-linked plan offering life insurance protection while increasing your retirement savings. It also offers you flexible ways to get your money when you reach retirement.
If you're investing using money from your Supplementary Retirement Scheme (SRS) account, the money you use is tax deductible1.
You can open an SRS account with these 4 banks appointed as SRS operators - DBS Bank, United Overseas Bank, OCBC Bank or Overseas Union Bank.
What We Provide
Protect Loved Ones While You Invest
All you need is a minimum of $5,000 to start investing in AIA Flexi-Retirement Plan. In the unfortunate event of your death, your loved ones will receive either 150% of your single premium2 or 100% of the value of your units, whichever is higher.
Expertise In Fund Management
The AIA Managed Portfolios and AIA Investment Funds are professionally managed by our fund managers3 and carefully selected external fund managers.
Switch Balance And Transfer Of Funds
With this plan, you can switch between funds anytime. You can also automatically transfer money from the AIA S$ Money Market Fund to other funds or automatically re-balance your investments in different funds of your preference. You can also top up your investment for a minimum of $1,000 anytime or on a monthly or annual basis4.
Flexible Retirement Options
At 62, you can choose any one of the following options:
- Cash in on your investment and receive a lump sum retirement fund. The amount you receive depends on the performance of the AIA Investment Funds selected.
- Withdraw a regular income while the balance of your investment continues to enjoy returns from your selected AIA Investment Funds.
- You can also choose the amount and frequency of the withdrawal (monthly, quarterly, half-yearly or annually).
How's your financial health?
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1 Under current SRS rules, tax will be payable upon any withdrawal of savings from SRS.
2 Plus any top-ups and less any withdrawals made.
3 Please refer to the AIA Investment Funds Product Summary for more details.
4 Minimum monthly top-up is $300 provided top-ups are effected through automatic deduction from your SRS account.
Important Notes:
The performance of the AIA investment-linked sub-funds is not guaranteed and the value may increase or decrease in accordance with the future experience of the funds. The risks of investments include political/regulatory risk, currency risk, interest rate risk and market risk. Past returns are not necessarily a guide to future performance.
Investors should seek advice from an AIA Financial Services Consultant and read the product summary before deciding whether the product is suitable.
The above is a simplified description of the product features. This is not a contract of insurance. The precise terms and conditions of the policy, 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 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 insurance plan is underwritten by AIA Singapore Private Limited (AIA). All insurance applications are subject to AIA’s underwriting and acceptance.
The information is correct as at 18 May 2011.
