If you select a better shield plan that is more affordable from other insurers for the whole family, my calculation is that your cost savings can give you a free star shield policy.
There are concerns about aia shield policy due to it being the slowest claims rate in the market. (based on MOH...
Do consider the need to have Letter of guarantee provided by the insurer. Also the premiums, which can double or triple of other insurers with same coverage
I believe that the 35k that your friend showed you are the projected numbers. It is non guaranteed. Do not overly believe those figures. A lot of ppl have been sold on those high numbers which are not achievable.
Ask for recent years returns to know the truth, especially last year.
Hi
Do not fall into the trap of those savings plans recommended by insurance agents. Usually when i show clients how the actual figures and percentage returns, they would decide not to get it as they agree that its not cost effective.
Certain plans in the market also bundle a few things...
I am an independent advisor and I can help.
Yes, mummynag is right about the amount that is claimable from Aviva. You need to pay 3k first before any claims can be made.
Other points to note is Aviva's defination of pre-existing condition which may put some of the new policy holders at risk...
I got a copy of the health shield comparison with inputs from MOH data. Anyone keen i can email you the document.
Do be wary when insurance agent start to promote their ILP as ILP offer a much higher commission as compared to endowment/savings plan or whole life plans.
