AIA Smart Growth (II) – Save for 12 years and let your money grow.
AIA Smart Growth (II) is designed to grow your wealth by saving for just 12 years, allowing the plan to mature at a specific time in the future for your financial needs.
With only 12 years of insurance payment, AIA Smart Growth (II) allows you to accumulate and grow your wealth over a period of 18, 21 or 24 years.
We would all like the peace of mind that financial security brings. And one of the ways to achieve such an outcome is to save regularly over the long term. But if you are just starting out in life, or if you are heading into the final stretch of your career, committing to a long-term savings plan may be daunting. AIA Smart Growth (II) is a savings plan designed to help you grow your wealth by saving for just 12 years, enabling you to budget for the future with confidence.
Premium Term (You pay an insurance premium): 12 years
Policy Term (Your policy maturity): 18, 21 or 24 years
| AIA Smart Growth (II) (Product details at a glance) | ||
| Cash value and Withdrawal benefit(s) | Yes | No |
|---|---|---|
| 100% Principle guaranteed at maturity | X | |
| Partial withdrawal/ cash benefits | X | |
| General savings feature(s) | Yes | No |
| Short premium/ savings terms (less than 5 years) | X | |
| Long-term/ lifetime wealth accumulation | ||
| Health and Insurance Coverage(s) | Yes | No |
| Bundled with death/ TI/ TPD and/or CI coverage | ||
| Guaranteed issurance irregardless of health | X | |
| Optional insurance rider(s) | Yes | No |
| Insurance riders to enhance coverage | ||
| Additional product feature(s) | Yes | No |
| Limited premium term of 12 years | ||
| Choice of policy term | ||
| Covers disability before age 70 | ||
| Option to purchase additional insurance without medical underwriting | ||
Additional product feature(s) on AIA Smart Growth (II)
Detailed features and unique selling points of AIA Smart Growth (II):
Limited premium term of 12 years
- A limited financial commitment of 12 years irregardless of your chosen policy term.
Choice of policy term
- Choose between 18, 21 or 24 years for the maturity of your policy.
Covers disability before age 70
- Disability before the age of 70 or death will allow your loved ones to receive a payout under your AIA Smart Growth (II) plan.
Option to purchase additional insurance without medical underwriting
- Option to purchase additional insurance benefit is only applicable to standard lives and must be exercised within 90 days following any of these events in the life of the insured before he turns 55: 18th birthday, marriage, birth of a child, adoption of a child through legal means, death of a spouse.
Additional riders for AIA Smart Growth (II)
The following riders can be added on to your AIA Smart Growth (II) at an additional cost:
- Early Critical Protector Waiver of Premium – Upon the diagnosis of an early, intermediate or major stage critical illness, all future premiums for your AIA Smart Growth (II) plan will be waived, with no change to your benefits.
- Early Critical Protector Payor Benefit – In the event of the payor’s death, total and permanent disability or the diagnosis of an early, intermediate or major stage critical illness, all future premiums for your child’s AIA Smart Growth (II) plan will be waived up till his/her 25th birthday or the premium payment term of the plan (whichever is earlier), ensuring your child’s future is taken care of.
Who should take up an AIA Smart Growth (II)?
AIA Smart Growth (II) is an insurance savings plan. This category of insurance plans are suitable or unsuitable depending on the following factors:
AIA Smart Growth (II) is suitable for
- Mid to long term wealth enhancement
- Mid to long term savings commitment period
- Hassle-free application without medical underwriting (if riders are not taken up)
AIA Smart Growth (II) is not suitable for
- Income for a lifetime (Retirement Plan)
- High death, disability or critical illness coverage (Whole Life, Term Life)
- One-time single premium commitment
- High surrender value in the early years of the policy
- Cash liquidity and withdrawal for your savings plan
Sample policy illustration for AIA Smart Growth (II)
Coming soon.
Learn more about AIA Smart Growth (II)
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