AIA Retirement Saver (II) Review

NOTE: AIA Retirement Saver (II) has been discontinued. For further information and details about this plan, fill up the form below and let us advise you accordingly.

AIA Retirement Saver (II) product details

• Life policy – Annuity
• Provides you with a guaranteed monthly income and a lump sum payout when you retire
• Choose to receive your guaranteed monthly income over a period of either 15 or 20 years
• Guaranteed payout worth 24 times your monthly income at your choice of retirement age of 55, 60 or 65
• Capital is guaranteed at retirement age
• Flexibility to choose when you wish to receive your monthly income, how much you wish to receive and how long you want it to last for
• Option to pay up to the age of 55, 60 or 65, or choose to pay over 5 or 10 years, or in one lump sum

Read about:  Why your retirement planning starts now

Read about: 3 best Retirement plans and Annuity policies in Singapore (2023 Edition) *Updated*

Read about: The Complete Guide to Retirement Planning (2023 Edition) *NEW*

Features of AIA Retirement Saver (II) at a glance

Cash and Cash Withdrawal Benefits

Cash value: Yes
Cash withdrawal benefits: No

Health and Insurance Coverage

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

Cancer Relief Income

Additional Features and Benefits

Yes.

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

Read about: Effects of compounding returns on your investments

AIA Retirement Saver (II) may be suitable if you are looking for

AIA Retirement Saver (II) may potentially be a good fit if the following matters to you:

• Regular cash payout
• Saving regularly over a period of time
• Lump sum payout upon maturity
• Insurance options without medical underwriting
• Do not need access to the funds until retirement
• To potentially generate higher financial returns compared to bank accounts

AIA Retirement Saver (II) may not be suitable if you are looking for

AIA Retirement Saver (II) may potentially be a bad fit if the following matters to you:

• Health and Protection coverage
• High insurance coverage for Death or Terminal Illness
• Insurance coverage for Early Critical Illness, Critical Illness or Total Permanent Disability
• A one-time premium commitment with no further cash commitment
• Potentially higher financial returns compared to a pure investment product.
• Insurance policy with a high surrender value in the early years of the policy.

Further considerations on AIA Retirement Saver (II)

• How is AIA or AIA Retirement Saver (II) investment returns based on historical performance?
• How does AIA Retirement Saver (II) compare with Endowment policy from other insurance companies?
• Can AIA Retirement Saver (II) fulfil my financial, insurance, health and protection needs?

The above information may not fully highlight all the product details and features on AIA Retirement Saver (II). Talk to us or seek advice from a financial adviser before making any decision about AIA Retirement Saver (II).

Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.

Where can I compare the payout and benefits of retirement plans and annuity policies?

Your retirement plans are meant to supplement your lifestyle and expenses in your golden years. Ensure your retirement plans matches the financial goal and objective you wish to achieve when you decided to talk a step back in life.

It is too late to regret once you have made your financial commitment. Specific products features, benefits and payout will differ more than you think across insurance companies.

And even worse, to know you can compare retirement plans and annuity policies here,  100% free of charges on the InterestGuru.sg platform.

Is AIA Retirement Saver (II) 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.

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Before you go...

AIA Retirement Saver (II) 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.

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