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    This document summarizes the AIA Smart Growth (II) savings plan. The plan allows customers to pay premiums for 12 years to save for long-term goals like education or retirement. It provides life insurance protection and has the potential to earn bonuses. Customers can choose a policy term of 18, 21, or 24 years. The plan offers protection for death, disability, and critical illness. Premiums are guaranteed not to increase for 12 years. Two examples show how the plan could accumulate value over 21 and 24 year terms.

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    This document summarizes the AIA Smart Growth (II) savings plan. The plan allows customers to pay premiums for 12 years to save for long-term goals like education or retirement. It provides life insurance protection and has the potential to earn bonuses. Customers can choose a policy term of 18, 21, or 24 years. The plan offers protection for death, disability, and critical illness. Premiums are guaranteed not to increase for 12 years. Two examples show how the plan could accumulate value over 21 and 24 year terms.

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    © All Rights Reserved
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    27 views8 pages

    Aia Smart Growth Brochure

    Uploaded by

    butter
    This document summarizes the AIA Smart Growth (II) savings plan. The plan allows customers to pay premiums for 12 years to save for long-term goals like education or retirement. It provides life insurance protection and has the potential to earn bonuses. Customers can choose a policy term of 18, 21, or 24 years. The plan offers protection for death, disability, and critical illness. Premiums are guaranteed not to increase for 12 years. Two examples show how the plan could accumulate value over 21 and 24 year terms.

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    © All Rights Reserved
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    of 8

    SAVINGS

    AIA SMART GROWTH (II)

    The smarter way to


    a brighter financial future

    Save for the future whatever they may be.

    aia.com.sg
    01 | SAVINGS AIA SMART GROWTH (II)

    Enjoy the certainty of savings for the future


    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.

    That’s why we have designed AIA Smart Growth (II). It’s a regular premium savings plan that
    allows you to pay off your premiums faster, while helping to save for the things that matter
    most. Whether your goals include saving for your child’s education, planning the holiday of a
    lifetime, or saving for retirement, AIA Smart Growth (II) is a smart way to save. Plus, it has the
    added benefit of offering life insurance protection too.
    AIA SMART GROWTH (II) SAVINGS | 02

    Benefits of this plan include:

    Potential to earn attractive returns


    Your plan has the potential to grow with discretionary annual bonuses1 that may be added to
    your policy each year. A terminal bonus1 may also be added to your policy when you make a
    claim or when the policy matures or is surrendered.

    Protect your family while saving for their future


    Most Singaporeans are underinsured2 and families can face financial hardship if the
    breadwinner passes away prematurely. If you die or suffer from Total and Permanent Disability
    (TPD) before age 70, you would have the peace of mind of knowing that your loved ones will
    receive the insured amount plus any bonuses after deducting any amount owing to us.

    Extra protection against critical illness


    If you are concerned about the impact of critical illness, you may opt to enhance your protection
    with a critical illness rider which accelerates the benefit of AIA Smart Growth (II) in the event of
    a diagnosis of any one of the covered critical illnesses3.

    Option to purchase additional insurance (OPAI) Benefit


    As we get older, it can be more difficult to be accepted into an insurance policy. AIA Smart
    Growth (II) gives you the valuable option to purchase an additional whole life or endowment
    policy, without any evidence of insurability4.

    Choose a maturity term that’s aligned with your goal


    AIA Smart Growth (II) offers a flexible choice of policy terms: 18, 21 or 24 years to suit your
    financial objectives.

    Pay premiums for only 12 years


    AIA Smart Growth (II) gives you a smart advantage over traditional regular premium savings
    plans, where your total premiums will be paid fully in just 12 years. What’s more, your
    premiums are guaranteed never to increase throughout the 12 years, regardless of your age or
    health status.

    Optional riders for more comprehensive coverage


    You may add riders which provide coverage for medical expenses, and coverage against
    accidents to this plan according to your needs.
    03 | SAVINGS AIA SMART GROWTH (II)

    Example 1
    Mrs Tan has a 1-year-old son. She would like to start building up funds for her son’s
    university education by insuring him with AIA Smart Growth (II) 21. She intends to set aside
    S$2,483.60 a year for the next 12 years for an insured amount of S$35,000.

    Regular Premiums paid for 12 years: S$2,483.60 x 12 = S$29,803.20

    Projected Maturity Amount for AIA Smart Growth (II) 21


    Guaranteed Returns S$35,000
    Non-Guaranteed Returns S$19,028
    Total S$54,028
    Projected yield at maturity 3.85%

    Example 2
    Mr Chew is a 35-year-old non-smoker who would like to supplement his existing retirement
    plan with AIA Smart Growth (II) 24. He sets aside S$5,240 a year for the next 12 years for an
    insured amount of S$80,000.

    Regular Premiums paid for 12 years: S$5,240 x 12 = S$62,880

    Projected Maturity Amount for AIA Smart Growth (II) 24


    Guaranteed Returns S$80,000
    Non-Guaranteed Returns S$52,639
    Total S$132,639
    Projected yield at maturity 4.06%

    Note: Figures quoted in the examples are based on the projections at 4.75% investment returns and are for
    illustration purposes only. Annual bonus and terminal bonus (if any) are non-guaranteed. Once credited to
    the policy, annual bonuses (if any) form part of the guaranteed benefits of the policy. Terminal bonus is a
    one-time, non-guaranteed, discretionary bonus that may be payable upon surrender, claim or maturity.
    AIA SMART GROWTH (II) SAVINGS | 04

    Frequently Asked Questions


    It is always our intention to write in plain English, and to be as transparent as possible when
    describing our products. The questions and answers below reflect the most common concerns
    raised by our customers. If you have any other questions not addressed here, please ask your
    AIA Financial Services Consultant or Insurance Representative. You may also visit our website
    at aia.com.sg or call our AIA Customer Care Hotline at 1800 248 8000.

    Q1. Who can apply for AIA Smart Growth (II)?


    You can insure yourself or your child, as long as the insured is aged between 0 to 60 years on
    the last birthday.

    Q2. Which payouts are guaranteed?


    The plan includes both guaranteed and non-guaranteed payouts. The insured amount is
    guaranteed to be paid at maturity, death or TPD. The discretionary annual bonus and terminal
    bonus are not guaranteed and depend on the performance of AIA’s Participating Fund.
    However, the annual bonuses, once declared and credited to your policy, will form part of the
    guaranteed benefits.

    Q3. Are my premiums guaranteed?


    Yes, the premiums for AIA Smart Growth (II) are guaranteed throughout the premium term.

    Q4. How long do I have to keep paying premiums?


    You only have to pay premiums for 12 years, regardless of which plan you choose.

    Q5. Can I change my mind and cancel the policy after I’ve purchased?
    Yes. You may cancel the plan by writing to us within 14 days from the date you receive your
    policy document (free-look period) and receive a refund of your premium paid without interest
    (less any expenses incurred for your medical examination).
    05 | SAVINGS AIA SMART GROWTH (II)

    1
    Annual bonus and terminal bonus payable (if any) are non-guaranteed. Once credited to the policy,
    annual bonuses (if any) form part of the guaranteed benefits of the policy. Terminal bonus is a one-
    time, non-guaranteed, discretionary bonus that may be payable upon surrender, claim or maturity.
    2
    Source: Life Insurance Association, LIA Protection Gap Study 2012, 28 August 2012.
    3
    For more details on the full list of covered critical illnesses, please refer to your critical illness rider
    product summary.
    4
    The OPAI 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: (a) 18th birthday; (b) marriage; (c)
    birth of a child; (d) adoption of a child through legal means; (e) death of a spouse. The above condition
    (a) shall not apply if the insured is aged 18 and above when the policy is issued.

    Important Notes:
    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 brochure 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.

    The information is correct as at 2 January 2015.


    About AIA
    AIA Group Limited and its subsidiaries (collectively “AIA” or “the Group”) comprise the
    largest independent publicly listed pan-Asian life insurance group. It has operations
    in 17 markets in Asia-Pacific – wholly-owned branches and subsidiaries in Hong
    Kong, Thailand, Singapore, Malaysia, China, Korea, the Philippines, Australia,
    Indonesia, Taiwan, Vietnam, New Zealand, Macau, Brunei, a 97 per cent subsidiary in
    Sri Lanka, a 26 per cent joint venture in India and a representative office in Myanmar.

    The business that is now AIA was first established in Shanghai over 90 years ago.
    It is a market leader in the Asia-Pacific region (ex-Japan) based on life insurance
    premiums and holds leading positions across the majority of its markets. It had total
    assets of US$159 billion as of 31 May 2014.

    AIA meets the long-term savings and protection needs of individuals by offering
    a range of products and services including life insurance, accident and health
    insurance and savings plans. The Group also provides employee benefits, credit life
    and pension services to corporate clients. Through an extensive network of agents,
    partners and employees across Asia-Pacific, AIA serves the holders of more than
    28 million individual policies and over 16 million participating members of group
    insurance schemes.

    AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong
    Limited under the stock code “1299” with American Depositary Receipts (Level 1)
    traded on the over-the-counter market (ticker symbol: “AAGIY”).
    AIA Singapore Private Limited
    (Reg. No. 201106386R)
    1 Robinson Road, AIA Tower, Singapore 048542
    Monday - Friday 8.45am - 5.30pm
    AIA Customer Care Hotline: 1800 248 8000
    aia.com.sg

    SGPD2013013-517-02012015 TM3355041 (07/2013 01/2015)

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