AIA Smart Lifetime Rewards Review

The complete Pros and Cons on AIA Smart Lifetime Rewards

By InterestGuru.sg On Sep 21, 2017 Last updated Apr 8, 2024 2,816 0

NOTE: AIA Smart Lifetime Rewards has been discontinued. For further information and details about this plan, fill up the form below and let us advise you accordingly.

AIA Smart Lifetime Rewards product details

Life policy – Annuity
Issuance age from 0 to 65 years old
Savings plan that provides you with lifetime income till you reach 100 years old
Choice of two short premium terms of just 5 and 10 years
Option of accumulating your monthly income to further enhance your wealth.
Flexibility of withdrawals to meet any unexpected liquidity needs
Monthly income comprises guaranteed coupon and non-guaranteed dividend
Guaranteed monthly coupon will increase by 8% of your initial coupon every 5 years after the 10^th policy year onwards. These coupons are capped at 132% of your initial coupon amount
Upon reaching the age of 100, you will receive 100% of total annual premiums paid, any terminal dividend and any accumulated monthly income
Receive 101% of the total premiums paid plus any terminal dividend and any accumulated monthly income in the event of death
In the event of accidental death occur, your family will receive an additional 100% of total premiums paid

Read about: Why your retirement planning starts now

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

Features of AIA Smart Lifetime Rewards at a glance

Cash and Cash Withdrawal Benefits

Cash value: Yes
Cash withdrawal benefits: No

Health and Insurance Coverage

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

AIA Smart Lifetime Rewards may be suitable if you are looking for

AIA Smart Lifetime Rewards may potentially be a good fit if the following matters to you:

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

Read about: Effects of compounding returns on your investments

AIA Smart Lifetime Rewards may not be suitable if you are looking for

AIA Smart Lifetime Rewards 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
Lump sum payout upon maturity
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.

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 Smart Lifetime Rewards 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.

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

Retirement Planning Selector

Just 4 simple questions to get you the most suitable retirement options, based on your financial goals and objectives.

Upon your retirement, how do you wish to recieve your income or payout:

Single lump sumMonthly payoutEither is fine with me

How many years of saving are you looking to set aside for your retirement planning goals:

(Saving for a longer number of years allows for lower yearly premium.)

The amount of saving you are planning to set aside (in S$):

(Amount can be yearly or a single lump sum.)

The desired retirement age that you wish start receiving an income payout:

(A longer period from your current age will allows for higher financial returns.)

Compare for me!

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Before you go...

AIA Smart Lifetime Rewards 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!