AIA TAILORED FAMILY FINANCIAL PLANNING
The AIA
Group meets the protection, savings and investment needs of individuals
by offering a comprehensive suite of products and services covering
accident and health insurance, life insurance and retirement planning
Children's Education
As a parent, you certainly want the best for your child. And that includes giving your child a bright future with the best university you can afford. But do you know that your child's university education cost over S$500,000 in 20 years time? For most parents, the escalating cost of higher education may come as a rude schok. While a local university education is projected to cost well over S$100,000, a degree course in the USA could cost a staggering S$352,738 by 2025.
Critical Illness
No one expect to suffer from a Critical Illness and most people don't prepare for it. Yet every day in Singapore, 28 people are diagnosed with Cancer*, Thanks to advancement in medical science, most survive and many recover. Often they must then face the financial hardship brought on by medical expenses incurred during the illness, which may not be covered in part or in full by your Hospital Expense Plan. What's more, the combination of the illness, treatments and medications can often prevent one from being able to work or care for the family, resulting in loss of income and unanticipated expenses such as Childcare support.
Life Protection
You don't half love your family. So would you give them half the life insurance protection they need? Fewer than 2 out of 10 Singaporeans have adequate life insurance cover^. The life insurance you have nowmay not be enough for your children to finish school or for your parents to live in comfort in their old age should something happen to you.
Hospitalisation
Healthcare cost are rising faster than the cost of other goods and services. Medical Expense benefits aim to meet the direct costs of medical treatment and hospitalisation. You may consider upgrading your Medishield plan to a private integrated Shield Plan, which can be paid through your Medisace account. Compared with basic Medishield, Integrated Shield Plans provide a more comprehensive benefits and coverage.
Retirement
For many, retirement can be one of the best and most enjoyable period of your life, if you plan ahead. Otherwise, you may just retire from enjoyment. Do you know a Singaporean on average needs to set aside at least S$480,000 to retire? This is assuming the person wants S$2,000 a month for 20 years. So S$480,000 is really a conservative amount, but even at that level, it is hefty amount to set aside, isn't it?
*Source: The Global Cancer Burden - The Straits Times, 4 February 2012
^Source: AIA Singapore Nationwide Protection Survey conducted by The Nielsen Company in June 2011
Children's Education
As a parent, you certainly want the best for your child. And that includes giving your child a bright future with the best university you can afford. But do you know that your child's university education cost over S$500,000 in 20 years time? For most parents, the escalating cost of higher education may come as a rude schok. While a local university education is projected to cost well over S$100,000, a degree course in the USA could cost a staggering S$352,738 by 2025.
Critical Illness
No one expect to suffer from a Critical Illness and most people don't prepare for it. Yet every day in Singapore, 28 people are diagnosed with Cancer*, Thanks to advancement in medical science, most survive and many recover. Often they must then face the financial hardship brought on by medical expenses incurred during the illness, which may not be covered in part or in full by your Hospital Expense Plan. What's more, the combination of the illness, treatments and medications can often prevent one from being able to work or care for the family, resulting in loss of income and unanticipated expenses such as Childcare support.
Life Protection
You don't half love your family. So would you give them half the life insurance protection they need? Fewer than 2 out of 10 Singaporeans have adequate life insurance cover^. The life insurance you have nowmay not be enough for your children to finish school or for your parents to live in comfort in their old age should something happen to you.
Hospitalisation
Healthcare cost are rising faster than the cost of other goods and services. Medical Expense benefits aim to meet the direct costs of medical treatment and hospitalisation. You may consider upgrading your Medishield plan to a private integrated Shield Plan, which can be paid through your Medisace account. Compared with basic Medishield, Integrated Shield Plans provide a more comprehensive benefits and coverage.
Retirement
For many, retirement can be one of the best and most enjoyable period of your life, if you plan ahead. Otherwise, you may just retire from enjoyment. Do you know a Singaporean on average needs to set aside at least S$480,000 to retire? This is assuming the person wants S$2,000 a month for 20 years. So S$480,000 is really a conservative amount, but even at that level, it is hefty amount to set aside, isn't it?
*Source: The Global Cancer Burden - The Straits Times, 4 February 2012
^Source: AIA Singapore Nationwide Protection Survey conducted by The Nielsen Company in June 2011
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