Direct - AIA Term Cover

This online platform is for you to purchase insurance plans based on your own selection and without any financial advice. Do note that not all our plans are available on this platform. The information and descriptions on this platform are provided solely for general informational purposes and do not constitute any financial advice. It does not have regard to the specific investment objectives, financial situation and particular needs of any persons. Do contact us if you wish to receive any assistance.

Buying a life insurance plan is a long-term commitment on your part. If you cancel your plan prematurely, the cash value you receive (if applicable) may be zero or less than the premiums you have paid for the plan.

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. 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.

As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely. 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.

Some benefits of the life policy are not guaranteed e.g. bonus rates. Premium rates for certain policies and riders are not guaranteed. Please refer to the Policy Illustration & important information for details.

If you purchase online, we will give you 14 days free-look period so that you have sufficient time to consider your purchase.

If you are not sure, you can contact us to explain the product features or seek advice from a financial advisor representative about the suitability of the policy before purchasing it. If you decided not to seek any advice, you would have already considered the suitability of the policy for your financial circumstances and needs.

Before purchase, you should use the following resources to consider the different types of Direct Purchase Insurance (DPI) and life policies, and whether this policy you intend to purchase is suitable for your financial circumstances and needs:

Insurance Estimator to calculate the amount of life insurance coverage you need;
MoneySense Budget Calculator to check whether you can afford the premium based on your income and expenditure;
www.comparefirst.sg to compare the features and premiums of DPI and other types of life policies; and
MoneySENSE website to learn more about DPI.

This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact your insurer or visit the GIA/LIA or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).

This advertisement has not been reviewed by the Monetary Authority of Singapore.

The information is correct as at 24 September 2020.