AIA Insurance policy

[a4973]

is secure term plus a term life insurance?

under Policy Type: Life Policy

 

[oceanicmanta]

endowment basic-

1) total premiums paid
2) holding period
3) guaranteed returns

pls sic these figures

to add:

Monthly/Annual Premium
Total Tenor in years
Maturity Value Total
Maturity Value Guaranteed
Current Gross Surrender Value
Current Guarantee Surrender Value

- With these, I can help you work out the projected IRRs. Just plonking numbers into my worksheet.

 

[oceanicmanta]

under Policy Type: Life Policy

Confirmed it's a Term insurance.

 

[akwl88]

to add:

Monthly/Annual Premium
Total Tenor in years
Maturity Value Total
Maturity Value Guaranteed
Current Gross Surrender Value
Current Guarantee Surrender Value

- With these, I can help you work out the projected IRRs. Just plonking numbers into my worksheet.

bro, can sic worksheet?

 

[a4973]

endowment basic-

1) total premiums paid ; i cant see a lump sum figure in the Policy Value Quotation so i have to multiply my monthly premium x number of months?
2) holding period : in the Policy Value Quotation is it Maturity Date : 30-Jun-2065? or Pay Up Date : 30-Jun-2050?
3) guaranteed returns:

Policy Quotation
Reinstatement Cost : SGD 0.00 Future Premium Deposit : SGD 0.00
: Coupon Re-deposit Accumulation : SGD 8,388.62
Dividend Bonus
Dividend Available for withdrawal : SGD 0.00 Bonus Available for withdrawal : SGD 0.00
Total RPU : SGD 17,281.90 Total ETI : SGD 38,388.62
Pure Endowment : SGD 0.00
Expiry Date : 28-Jul-2060
Policy Value
Gross Policy Cash Val : SGD 10,530.00 Existing Loan : SGD 0.00
Recommended Loan Amt * : SGD 9,477.00 Accrued Loan Interest : SGD 0.00
RB - Cash Value : SGD 0.00 Interest : SGD 0.00
Net Surrender Value : SGD 18,918.62
Modal Premiums
Annually : SGD 1,531.80 Semi Annually : SGD 781.20
Quarterly : SGD 413.70 Monthly : SGD 130.20



pls sic these figures

sorry about the formatting.

 

[oceanicmanta]

pink of health is hosp plan?

seems more like Hospitalistion Income / ICU Stay Benefit plan, Outpatient Reimbursement

something that adds on to the Main Hospitalization Shield plan with some overlap areas it seems (eg hospitalization expense, pre & post)

not sure ...

 

[a4973]

Confirmed it's a Term insurance.

i just rush read Term Insurance guess its a "Good" type as its plain vanilla insurance.

 

[oceanicmanta]

i just rush read Term Insurance guess its a "Good" type as its plain vanilla insurance.

but there may be cheaper ones out there

 

[oceanicmanta]

bro, can sic worksheet?

I just copy from InvestMoat's version & adapt for own use :

http://investmentmoats.com/budgetin...ving-plans-endowment-give-you-3-to-5-returns/

 

[lifeishard]

really hope never kena scam by BIL or is nothing really sacred anymore?

Dun say scam la, your Bil leh, let him earn better than let some strangers earn right? Scam would be asking u pay for insurance and in fact never buy for u.

But if your financial status is not in good shape now, talk to him about alternatives.

 

[oceanicmanta]

sorry about the formatting.

info incomplete

when did u start ?
did u withdraw any bonus amounts ?
which are the projected terminal values, Gross & Guaranteed ?

I dont know what is meant by RPU or ETI.

better still just request for BI and post here.

 

[badsector]

Hello all need some help regarding the AIA financial guardian whole life insurance plan that my father started for me when i was born.

I would like to check if there are any benefits to continuing this plan? I intend to end this policy and buy term if possible.

There is also an existing loan and i'm wondering if this can be deducted from the surrender value? Thanks for reading.

http://investmentmoats.com/budgetin...ving-plans-endowment-give-you-3-to-5-returns/
returns looks decent. XIRR 4.81%

but u have loan

 

[a4973]

info incomplete

when did u start ?
did u withdraw any bonus amounts ?
which are the projected terminal values, Gross & Guaranteed ?

I dont know what is meant by RPU or ETI.

better still just request for BI and post here.

i have the BI, now just trying to figure how to attach the PDF

 

[Shion]

i have the BI, now just trying to figure how to attach the PDF

screenshot the BI portion and save as picture

then upload

 

[cscs3]

Hello all need some help regarding the AIA financial guardian whole life insurance plan that my father started for me when i was born.

I would like to check if there are any benefits to continuing this plan? I intend to end this policy and buy term if possible.

There is also an existing loan and i'm wondering if this can be deducted from the surrender value? Thanks for reading.

I would stay away from AIA. In general insurance company are very high handed. Term and condition can change when time is bad. The long the plan, the higher the risk.

 

[FP_IFA]

here they are separated by policy number...

PRIME LIFE (AB)
APWP/BASIC
ECL SPECIAL
ECL/WP SPECIAL

=======================================

AIA LIFE ENDOWMENT SPECIAL
WP/BASIC

========================================
AIA SECURE TERM PLUS (II) 5 S$70,000.00
TPD ON SECURE TERM PLUS (II) S$70,000.00

==========================================

AIA SECURE TERM PLUS (II) 5 S$100,000.00
TPD ON SECURE TERM PLUS (II) S$100,000.00

===========================================

Plan Name: PINK OF HEALTH
DAILY HOSPITAL INCOME BENEFIT
DAILY ACC HOSPITAL INCOME BEN
INTENSIVE CARE UNIT BENEFIT
HOSPITAL EXPENSE REIMBURSEMENT
GET WELL BENEFIT

=======================================================

Plan Name: PA 24 HOURS
PRINCIPAL SUM ASSURED
WEEKLY INDEMNITY
MEDICAL REIMBURSEMENT

Where is your shield plan? That pink of health is just a hospital daily cash type plan and cannot act as a H&S cover.