AIA DIRECT Whole Life Cover Review

NOTE: AIA DIRECT Whole Life Cover has been discontinued. For further information and details about this plan, fill up the form below and let us advise you accordingly.

AIA DIRECT Whole Life Cover product details

• Life policy – Whole Life Policy
• Issuance age from 18 to 65 years old
• Premium payment up to the age of 70 or 85,  protection up to the age of 100
• Premiums won’t increase as you get older
• In the event of death, diagnosis of a terminal illness or total and permanent disability (up to age 65), coverage will be paid, along with potential cash bonuses you’ve accumulated
• Value of your policy can potentially grow and help fend off inflation as bonuses may be added to your policy every year
• A potential one-off bonus may also be paid when you make a claim, choose to stop the policy or when the policy ends

Read About: Whole Life Policy: How does it work?

In-depth Review: 3 Best Whole Life Plans in Singapore for Insurance Coverages (2023 Edition)

Features of AIA DIRECT Whole Life Cover at a glance

Cash and Cash Withdrawal Benefits

Cash value: Yes
Cash withdrawal benefits: No

Health and Insurance Coverage

Death: Yes
Total Permanent Disability: Yes
Terminal Illness: Yes
Critical Illness: No
Early Critical Illness: No

Health and Insurance Coverage Multiplier

Death: No
Total Permanent Disability: No
Terminal Illness: No
Critical Illness: No
Early Critical Illness: No

Optional Add-on Riders

Critical Illness Protection

Additional Features and Benefits

Yes.

Read About: Effects of compounding returns on your savings

Read About: 3 things to consider before taking up a new financial product

AIA DIRECT Whole Life may be suitable if you are looking for

AIA DIRECT Whole Life may potentially be a good fit if the following matters to you:

• Higher protection for Death and Terminal Illness coverage at an affordable premium.
• Higher Early Critical Illness, Critical Illness and Total Permanent Disability coverage in an Insurance Policy.
• Health and Protection coverage due to a shortfall in your Insurance Portfolio.
• Accumulating cash value in the policy for financial returns in the long-term.
• Paying premiums only for a limited number of years and enjoying coverage for a lifetime.

Read About: How much insurance coverage do you really need in Singapore *NEW*

In-depth Review: Term insurance vs Whole Life insurance – Which is better for you?

AIA DIRECT Whole Life may not be suitable if you are looking for

AIA DIRECT Whole Life may potentially be a bad fit if the following matters to you:

• Liquidity or flexibility of withdrawal in your Insurance policy.
• Access to cash from your policy on a regular basis.
• Insurance policy with a high surrender value in the early years of the policy.
• Potentially higher financial returns compared to a pure investment product.

In-depth Review: 3 Best Endowment Savings Plans in Singapore with Lifetime Wealth Accumulation (2023 Edition)

In-depth Review: 3 Best Investment Linked Policies in Singapore for Wealth Accumulation (2023 Edition)

Further considerations on AIA DIRECT Whole Life

• How is AIA or AIA DIRECT Whole Life investment returns based on historical performance?
• How does AIA DIRECT Whole Life compare with Whole Life Policy from other insurance companies?
• Can AIA DIRECT Whole Life fulfil my financial insurance, health and protection needs?

The above information may not fully highlight all the product details and features on AIA DIRECT Whole Life. Talk to us or seek advice from a financial adviser before making any decision about AIA DIRECT Whole Life.

Read About: Where do you start with financial planning?

Read About: 8 Commonly made financial mistakes by Singaporeans

Compare before you commit

Before committing to a whole life insurance policy, it certainly pays to make an effort to compare. Specific products features, benefits and payout will differ more than you think across insurance companies.

Why regret only years later, when you find out that you are not getting the best insurance policy available for the premium paid?

Even worse, to know you can compare whole life insurance plans here,  100% free of charges on the InterestGuru.sg platform.

Is AIA DIRECT Whole Life Cover suitable for me?

Contact InterestGuru using the form below. Our panel of licensed financial advisers will advise accordingly, based on your financial profile and protection needs.

All financial reviews and proposals provided are 100% free of charge. There will be no obligation to take up any proposed financial products or services in any way.
*For a limited time, get attractive incentives when you take up any products that is proposed by our team of financial planners.

We compare quotations head to head on all leading insurers in Singapore

Contact Form

Before you go...

AIA DIRECT Whole Life Cover may be a good fit towards your current financial goals. However, there could be way more plans out there with features and/ or benefits that could be more relevant to you at a lower cost.

Drop us a message and find out about customised options across multiple insurance companies. You deserve to get the best out of your hard-earned savings!

I want to know more!