AIA Retirement Saver IV Review

The complete Pros and Cons on AIA Retirement Saver IV

AIA Retirement Saver IV is a retirement annuity plan that pays monthly income upon reaching your selected retirement age with a non-guaranteed bonus when the policy matures.

AIA Retirement Saver IV product details

  • Life policy – Annuity
  • Retirement Payouts
    • Receive monthly retirement payouts over 15 or 20 years
    • Choose to receive your retirement income at age 50, 55, 60, 65 or 70
    • Enjoy up to 4.73 4.17% per annum until policy maturity
  • Premium Payment
    • Choose to pay a single lump-sum premium or over 5 or 10 years 15, or 20 years or up till 5 years before the chosen retirement age
  • Capital Guaranteed
    • You will get back every dollar you paid when you reach your retirement age
  • Potential Monthly Dividends
    • Upon reaching your retirement age, you may receive monthly dividends on top of your retirement income that increases 5% every year
  • Maturity Bonus
    • Receive an additional non-guaranteed bonus upon policy maturity, when a claim is made or when surrendering the policy
  • Premium Payment Deferments
    • Enjoy 12 consecutive months of interest-free deferred premium with the Premium Pass Option, to ensure that your AIA Retirement Saver (IV) plan will not be disrupted if you’re retrenched
  • Optional Add-ons
    • 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

Read about3 best Retirement plans and Annuity policies in Singapore (2020 Edition) *Updated*

Read about: The Complete Guide to Retirement Planning (2020 Edition) *NEW*

Features of AIA Retirement Saver IV 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.

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

Read about3 things to consider before taking up a new financial product

Read aboutEffects of compounding returns on your investments

AIA Retirement Saver IV may be suitable if you are looking for

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

  • Regular monthly cash payout
  • Saving regularly over a period of time
  • A one-time premium commitment with no further cash commitment
  • 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 IV may not be suitable if you are looking for

AIA Retirement Saver IV 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
  • 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 IV

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

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

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

Read about:  Why your retirement planning starts now

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 product features, benefits, and payouts 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.

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Is AIA Retirement Saver IV suitable for me?

Contact InterestGuru using the form below. Our panel of Independent financial planners will advise accordingly, based on your financial profile and protection needs.

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Birthdate:

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Before you go...
AIA Retirement Saver IV 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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