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.
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
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 http://www.lia.org.sg/ 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