AIA Guaranteed Protect Plus (III) Review
The complete Pros and Cons on AIA Guaranteed Protect Plus (III)
AIA Guaranteed Protect Plus (III) is a whole life insurance plan that covers you up to 5X the sum assured against Death and Total and Permanent Disability (TPD).
AIA Guaranteed Protect Plus (III) product details
- Life policy – Whole Life Policy
- Coverage
- Be protected against Death and Total and Permanent Disability
- Multiplier Benefit
- Choose from 2x,3x or 5x multiplier up to age 65 or 75
- Premium Payment Term
- Choose to pay premiums for 15, 20 or 25 years
- Have the option to defer premium payment for 12 consecutive months if you’re involuntarily retrenched, ensuring the continuity of your plan.
- Have the flexibility to utilise 50% or 100% of your coverage amount for its cash value and receive annual cash payouts for 10 years to supplement your retirement income.
- Upon reaching a major milestone in life such as marriage or the birth of your little one, you have the option to purchase another whole life or endowment policy with no medical questions asked.
- Optional Add-ons
- Early Critical Protector Life (III)
- Covers 150 multi-stage critical illnesses and 15 special conditions such as osteoporosis and diabetic complications.
- Critical Protector Life (III)
- Covers 73 major stage critical illnesses.
- Early Critical Protector Waiver of Premium (II)
- Critical Protector Waiver of Premium (II)
- Early Critical Protector Life (III)
Features of AIA Guaranteed Protect Plus (III) at a glance
Refer to below for a simplified overview of AIA Guaranteed Protect Plus III:
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: Yes (With added riders)
- Early Critical Illness: Yes (With added riders)
Health and Insurance Coverage Multiplier
- Death: Yes
- Total Permanent Disability: Yes
- Terminal Illness: Yes
- Critical Illness: Yes
- Early Critical Illness: Yes
Optional Add-on Riders
- Early Critical Protector Life (III)
- Critical Protector Life (III)
- Early Critical Protector Waiver of Premium (II)
- Critical Protector Waiver of Premium (II)
For further information and details, refer to AIA website. Alternatively, fill-up the form below and let us advise accordingly.
AIA Guaranteed Protect Plus (III) may be suitable if you are looking for
AIA Guaranteed Protect Plus (III) may potentially be a good fit if the following matters to you:
- High protection for Death and Total and Permanent Disability coverage at an affordable premium.
- High Early Critical Illness and Critical Illness coverage in an Insurance Policy with riders.
- 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 life vs Whole life – Which is better for you?
AIA Guaranteed Protect Plus (III) may not be suitable if you are looking for
AIA Guaranteed Protect Plus (III) 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.
For pure insurance savings or investment plans, please refer to the following policy reviews:
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 Guaranteed Protect Plus (III)
- How is AIA or AIA Guaranteed Protect Plus (III) investment returns based on historical performance?
- How does AIA Guaranteed Protect Plus (III) compare with Whole Life Policy from other insurance companies?
- Can AIA Guaranteed Protect Plus (III) fulfill my financial insurance, health, and protection needs?
- How does the multiple claims rider for various stages of Critical Illnesses works?
The above information may not fully highlight all the product details and features on AIA Guaranteed Protect Plus (III).
Talk to us or seek advice from a financial adviser before making any decision about AIA Guaranteed Protect Plus (III).
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 product features, benefits, and payouts 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 Guaranteed Protect Plus (III) suitable for you?
Contact InterestGuru using the form below. Our panel of licensed financial advisers will advise accordingly, based on your financial profile and protection needs.
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Additional readings
- The 8 Overall Best Whole Life Insurance Plan in Singapore (2023 Edition)
- The 8 Overall Best Term Life Life Insurance Plan in Singapore (2023 Edition)
