AIA Platinum Retirement Elite Review

AIA Platinum Retirement Elite is an investment-linked policy fundable using your SRS to give you a monthly income from your selected retirement age.

AIA Platinum Retirement Elite product details

• Life Policy – Investment-linked policy
• Monthly Payouts
  • Choose to start receiving monthly retirement payouts from age 50 to 75
  • Choose a monthly payout
    • Single-Premium Plan: from S$800
    • Regular Premium Plan from S$500
  • Choose a yearly step-up of 0% to 5% to counter inflation
  • Receive the payouts for your usage or reinvest them to grow at the prevailing interest rates
• Premium Payment
  • Single-Premium Plan
    • Choose to invest a single premium with cash or funds from your SRS account
  • Regular Premium Plan
    • Choose to invest over 5 years with cash only
• Coverage
  • Receive 105% of policy value coverage against Death and Terminal Illness
  • Your dependant will receive an additional death benefit payout if the cause of death is accidental
    • Single-Premium Plan: 10% of single premium
    • Regular Premium Plan: 50% of all premiums paid
• Power-up Bonus
  • You will receive bonuses after the end of the 10th policy year and every 5 years thereafter
    • Single-Premium Plan: 2.5% of Single Premium
    • Regular Premium Plan: 12.5% of Annual Premium
• 3 Investment Portfolios
  • Choose to invest according to your risk appetite from Conservative, Balanced, and Adventurous
• Hassle-free Application
  • Enjoy ease of application with no health questions asked

Read about: Investment-Linked Policy: Is it the best option?

Read about: 3 best Investment Linked Policies in Singapore (Updated)

Features of AIA Platinum Retirement Elite 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: 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

N/A

Additional Features and Benefits

Yes.

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

Read about: Effects of compounding returns on your investments

Read about: 5 ways to beat inflation in Singapore

AIA Platinum Retirement Elite may be suitable if you are looking for

AIA Platinum Retirement Elite may potentially be a good fit if the following matters to you:

• To participate in the long-term financial returns of investing.
• Monthly income for your retirement days
• Able to take investment risks and comfortable with financial market volatility.
• Potentially higher financial returns compared to traditional Endowment and Whole Life Policy.
• Insurance options without medical underwriting

Read about: An introduction to Investment Linked Policy

NEW Feature: Compare investment-linked policies across insurance companies using the CompareNOW feature on InterestGuru.sg.

AIA Platinum Retirement Elite may not suitable if you are looking for

AIA Platinum Retirement Elite 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
• Guaranteed financial returns in the long-run.
• Insurance policy with a high surrender value in the early years of the policy.
• Expecting an urgent need for withdrawal during a financial market downturn.

Further considerations on AIA Platinum Retirement Elite

• How is AIA or AIA Platinum Retirement Elite investment returns based on historical performance?
• How does AIA Platinum Retirement Elite compare with Investment-Linked policies from other insurance companies?
• Can AIA Platinum Retirement Elite fulfill my financial, insurance, health, and protection needs?

The above information may not fully highlight all the product details and features of AIA Platinum Retirement Elite. Talk to us or seek advice from a financial adviser before making any decision about AIA Platinum Retirement Elite.

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 Investment Linked Policies?

Before committing to an 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?

Use our Compare NOW feature to receive the most competitive quotes on Investment linked Policies.

Alternatively, you just need to provide us with a couple of details below.

Is AIA Platinum Retirement Elite 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

Financial Solutions Enquiry Form

What kind of insurance do you require more information with?

ProtectionSaving, Endownment or InvestmentI am not sure yet

What kind of protection products are you looking at ?

Whole life insuranceTerm life insurance (Specific number of years)Mortgage insuranceOthers

For which event do you wish to be protected for?

DeathTotal and Permanent DisabilityCritical Illness (Early stage)Critical Illness (Advance and Late stage)Income in the event of Disability

How many year are you willing to make payment for?

less than 5 years5 to 9 years10 to 14 years15 to 24 yearsmore than 25 years

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Would you expect to do partial withdrawal in the short term for this sum of money?

YesNoI am not sure

How much funds are you looking to achieve? (in SGD)

less than 49,99950,000 to 99,999100,000 to 249,999Above 250,000

How many year are you looking to save for this amount of fund?

less than 5 years5 years to 9 years10 years to 14 years15 years to 24 yearsmore than 25 years

How many years would you expect to require the full sum of fund?

less than 5 years5 years to 9 years10 years to 14 years15 years to 24 yearsmore than 25 years

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We are not sure too, let us work out your financial needs with you.

 
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Before you go...

AIA Platinum Retirement Elite 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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