AIA Guaranteed Protect Plus II Review

The complete Pros and Cons on AIA Guaranteed Protect Plus II

AIA Guaranteed Protect Plus II is a whole life insurance plan that covers you up to 5X the sum assured against Death and Total and Permanent Disability (TPD) with riders to cover you against multi-stage Critical Illnesses (CIs)

AIA Guaranteed Protect Plus II product details

  • Life policy – Whole Life Policy
  • Coverage
    • Be protected against Death and Total and Permanent Disability
  • Multiplier Benefit
    • You can choose to multiply your coverage up to 5X the Sum Assured up to age 65 or 75
  • Premium Payment Term
    • Choose to pay premiums for 12, 20 years, or up to age 65 or 75
  • Guaranteed Cash Accumulation
    • Receive guaranteed cash accumulation and non-guaranteed bonuses when the policy reaches the maturity date
  • AIA Milestone Benefit
    • Upon reaching a major milestone (i.e. marriage, become a father/mother) you may choose to pick up an additional endowment or whole life plan with no medical questions asked
  • Optional Add-ons
    • Early Critical Cover Extra or Early Critical Protector Life II
      • Covers 104 Early to Advanced-stage Critical Illness, special conditions such as osteoporosis and diabetic complications up till age 100
      • Your child receives Child Critical Cover for coverage against 16 child Critical Illnesses and 9 special conditions such as ADHD, Autism, and Dyslexia
    • Critical Cover Extra or Critical Protector Life
      • Covers 43 Advanced-stage Critical Illness up till age 100
    • Early Critical Protector Waiver of Premium
      • Future premiums are waived upon the diagnosis of any of the 103 multi-stage Critical Illness
    • Critical Protector Waiver of Premium
      • Future premiums are waived upon the diagnosis of any of the 42 Advanced-stage Critical Illness

Features of AIA Guaranteed Protect Plus II at a glance

Refer to below for a simplified overview of AIA Guaranteed Protect Plus II:

Cash and Cash Withdrawal Benefits

  • Cash value: Yes
  • Cash withdrawal benefits: No

Health and Insurance Coverage

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

Optional Add-on Riders

  • Early Critical Cover Extra
  • Early Critical Protector Life II
  • Critical Cover Extra
  • Early Critical Protector Life II
  • Early Critical Protector Waiver of Premium
  • Critical Protector Waiver of Premium

For further information and details, refer to AIA website. Alternatively, fill-up the form below and let us advise accordingly.

AIA Guaranteed Protect Plus II may be suitable if you are looking for

AIA Guaranteed Protect Plus II 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 II may not be suitable if you are looking for

AIA Guaranteed Protect Plus II 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 II

  • How is AIA or AIA Guaranteed Protect Plus II investment returns based on historical performance?
  • How does AIA Guaranteed Protect Plus II compare with Whole Life Policy from other insurance companies?
  • Can AIA Guaranteed Protect Plus II 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 II.

Talk to us or seek advice from a financial adviser before making any decision about AIA Guaranteed Protect Plus II.

Read AboutWhere 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.

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You whole life plan can provide comprehensive coverage against all 37 major illness. Choose the level of protection you need for yourself and your family.

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Is AIA Guaranteed Protect Plus II 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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Before you go...
AIA Guaranteed Protect Plus 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.
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!

 

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