Be on top of your chang­ing needs with life­time pro­tec­tion

AIA Sin­ga­pore’s new all-in-one in­vest­ment-linked plan is de­signed to help you through life’s big­gest mile­stones.

Singapore Business Review - - NEWS FROM SBR.COM.SG -

What should you ex­pect when you’re ex­pect­ing? The AIA Par­ent­hood and Pro­tec­tion Study 2017 shows that al­most seven in 10 mums-to-be grap­ple with preg­nancy jit­ters, par­tic­u­larly as more women are now con­ceiv­ing later in life.

The study showed that 70% of soonto-be mums are wor­ried that their child will be born with birth de­fects. 65% of re­spon­dents also feared that their child will face de­vel­op­men­tal and learn­ing disor­ders when they grow up.

The num­ber of women con­ceiv­ing in their 40s has dou­bled over the past three decades. More cou­ples are also turn­ing to as­sisted re­pro­duc­tive tech­nol­ogy to con­ceive, with more than a 20% in­crease be­tween 2012 and 2015 alone. To help ex­pect­ing par­ents over­come th­ese fears, AIA Sin­ga­pore has launched the

AIA Pro Life­time Pro­tec­tor, an all-in-one in­vest­ment-linked plan (ILP). The plan has three dis­tinc­tive rid­ers—the AIA Child Crit­i­cal Cover, the AIA Dou­ble Crit­i­cal Cover, and the AIA Baby Pro­tec­tor.

From as low as S$61a day, pol­i­cy­hold­ers will re­ceive com­pre­hen­sive cov­er­age for death, dis­abil­ity2, and multi-stage crit­i­cal ill­ness.5 Pol­i­cy­hold­ers also have the op­tion to re­duce their cov­er­age and fo­cus on wealth ac­cu­mu­la­tion in later years. The plan also pro­vides guar­an­teed pro­tec­tion for the first 10 years no mat­ter how your in­vest­ments per­form

Life­long pro­tec­tion

AIA Sin­ga­pore is se­ri­ous about our com­mit­ment to help fam­i­lies in Sin­ga­pore get ad­e­quately cov­ered, and we will not shy away from the chal­lenge of de­vel­op­ing in­no­va­tive in­sur­ance plans to ad­dress the needs of our com­mu­nity. With AIA Pro Life­time Pro­tec­tor, we want young fam­i­lies to be on top of their chang­ing needs with life­time pro­tec­tion and be em­pow­ered to live life con­fi­dently. To­gether, we can bridge Sin­ga­pore’s S$462 bil­lion pro­tec­tion gap4.

The AIA Child Crit­i­cal Cover is the first and only in Sin­ga­pore to cover all three de­vel­op­men­tal con­di­tions, namely autism, dys­lexia and at­ten­tion deficit hy­per­ac­tiv­ity dis­or­der (ADHD). This rider pro­vides cov­er­age for a child’s treat­ment across an ex­ten­sive list of 25 child med­i­cal con­di­tions un­til the age of 21. The AIA Child Crit­i­cal Cover rider can also be con­verted into a life­long plan, pro­vid­ing the child guar­an­teed cov­er­age through adult­hood.

Mean­while, the AIA Dou­ble Crit­i­cal Cover pro­vides the high­est early crit­i­cal ill­ness cov­er­age of S$350,000. It is first in the mar­ket to pro­vide multi-stage cov­er­age and al­lows pol­icy hold­ers to claim mul­ti­ple times, thanks to its stand­out ‘Power Re­set’ fea­ture.

This means that the crit­i­cal ill­ness cov­er­age amount be­comes fully re­stored to 100% after 12 months have passed from the pre­vi­ous claim, al­low­ing pol­i­cy­hold­ers to make mul­ti­ple claims for 104 crit­i­cal ill­nesses and 5 spe­cial con­di­tions, at the early, in­ter­me­di­ate and crit­i­cal stages of up to 200% of the cov­er­age amount.

The AIA Baby Pro­tec­tor which pro­vides Sin­ga­pore’s high­est cover for an ex­pec­tant mother and her un­born child in­clud­ing 10 preg­nancy com­pli­ca­tions and 23 con­gen­i­tal ill­nesses, is avail­able ex­clu­sively through the AIA Mum2baby bun­dle. Cov­er­age starts from as early as 13 weeks into the preg­nancy – from the point of in­cep­tion for up to three years. The AIA Mum2baby bun­dle is a two-in-one plan com­pris­ing

AIA Pro Life­time Pro­tec­tor and AIA Baby Pro­tec­tor. AIA is the only in­surer that does not im­pose birth weight re­stric­tion for pre­ma­ture ba­bies ad­mit­ted into the neona­tal in­ten­sive care unit (NICU). The bun­dle gives both the ex­pec­tant mum and baby S$10,000 cov­er­age against 10 preg­nancy com­pli­ca­tions and 23 con­gen­i­tal ill­nesses6, re­spec­tively. It also pro­vides a S$200 daily hos­pi­tal care ben­e­fit due to var­i­ous preg­nancy and birth com­pli­ca­tions (up to 30 days).

AIA was the first in­surer in Sin­ga­pore to in­sure IVF preg­nan­cies. It now also cov­ers other as­sisted re­pro­duc­tive tech­nolo­gies. Cus­tomers are not ex­pected to pay more pre­mi­ums for such preg­nan­cies which are prone to higher risks. Ad­di­tion­ally, the plans’ cov­er­age can be sub­se­quently trans­ferred from mother to child within 60 days of birth, en­sur­ing guar­an­teed cov­er­age from birth through to adult­hood – re­gard­less of the baby’s health, and con­cur­rently pro­vid­ing an in­vest­ment so­lu­tion that can help grow the child’s fu­ture ed­u­ca­tion fund.

“From as low as S$61 a day, pol­i­cy­hold­ers will2re­ceive com­pre­hen­sive cov­er­age for death, dis­abil­ity , and mul­ti­stage crit­i­cal ill­ness.5”

1Derived from the pre­mium based on a 30-year-old male, non-smoker, who pur­chases AIA Pro Life­time Pro­tec­tor with To­tal Dis­abil­ity Ac­cel­er­a­tor and Dou­ble Crit­i­cal Cover rider of S$100,000 cov­er­age amount. 2 Cov­er­age for to­tal and per­ma­nent dis­abil­ity will end at age 70. 3Your pol­icy and any unit de­duct­ing rid­ers will not lapse for the first 10 years re­gard­less of in­vest­ment per­for­mance, as long as all reg­u­lar pre­mi­ums are fully paid and no with­drawals have been made. 4 Li­a_pro­tec­tion_­gap_s­tudy_2012 sys­tem/files/news/2012/08/li­a_pro­tec­tion_­gap_s­tudy_2012_ Me­di­are­lease_3aug12.pdf 5For the list of cov­ered con­di­tions, please re­fer to the re­spec­tive prod­uct sum­maries. The AIA Dou­ble Crit­i­cal Cover rider will ter­mi­nate upon pay­ment of 200% of the cov­er­age amount. 6This ben­e­fit will only be paid once. Once a claim is paid, this ben­e­fit will ter­mi­nate.

‘AIA Mum2baby’, a two-in-one plan com­pris­ing AIA Pro Life­time Pro­tec­tor and AIA Baby Pro­tec­tor. AIA Sin­ga­pore is the only in­surer that does not im­pose birth weight re­stric­tion for pre­ma­ture ba­bies ad­mit­ted into the NICU

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