Life Insurance
Protect your loved ones’ future from life’s uncertainties
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{{label}}3 in 5 Singaporeans are unprepared for retirement1
38%
plan to work through retirement
27%
think they can only retire past 70 years old
40%
of retirees wish they had started saving earlier
While you may be able to take out loans for an education, a new home or other major milestones, there's no such thing as a retirement loan. And that's why it's important to plan ahead for your golden years.
Getting your engines revved up early just means you're putting yourself ahead of the retirement race. Let time be your greatest ally. Here's why:
By starting to save for retirement 10 years earlier, you can gain at least
2 times more in cash value through the power of compound interest:
They both decide to save S$300 per month for the next 10 years with a return of 8%.
Total contribution: S$36,000
After a lifetime of hard work, your retirement years deserve to be golden.
That's why its key to make your dollars work hard for you today, so your golden years can be as you envisioned.
Solutions For You:
Nothing shows love like constant care for your dearest ones. With sufficient personal coverage, you can enjoy the assurance that they are always provided for.
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Planning for your retirement also means ensuring that won't have to dip into those funds unexpectedly. Having adequate protection ensures that should you fall sick and require treatment, your retirement dreams will not falter.
Solutions For You:
References
1 Source: Singapore Business Review, 24 October 2017
Important Notes
These insurance plans are underwritten by AIA Singapore Private Limited (Reg. No. 201106386R) (“AIA”).
All insurance applications are subject to AIA’s underwriting and acceptance. 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. You should consider carefully before terminating the policy or switching to a new one as there may be disadvantages in doing so. The new policy may cost more or have fewer benefits at the same cost.
Buying health insurance products that are not suitable for you may impact your ability to finance your future healthcare needs. You are discouraged from switching from an existing accident and/or health insurance policy to a new one without considering whether the switch is detrimental, as there may be potential disadvantages with switching. A penalty may be imposed for early policy termination and the new policy may cost more or have fewer benefits at the same cost.
The information is correct as at 09 February 2018.