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Investment Linked Life Insurance Plan
.

The following are the Fees and Charges in relation to the respective policy:


  • AIA Optimizer

    (1) Fees and charges payable through cancellation of Units*

    Policy Fee

    The Policy Fee is BND6 per month by cancelling sufficient units at bid price from the policy. If AIA Living Essentials supplementary benefit is attached to this policy and remains in force, the monthly Policy Fee will be reduced to BND3.

    Benefit Charge

    A monthly Benefit Charge is levied on the policy to provide for the insurance coverage. This charge is levied based on the sum assured by cancelling sufficient units at bid price from the policy.

    You will enjoy an additional 10% discount on the Benefit Charge payable for the Death Benefit so long as the insured amount payable upon death is at least BND100,000.


    If Total and Permanent Disability Benefit or Critical Illness Benefit is selected, separate Benefit Charge on the Insured Amount of the Supplementary Agreement will be levied.

    If Payor Benefit is selected, separate Benefit Charge on the basic policy's current annual premium will be levied.

    The Benefit Charges vary according to the Insured's attained age during the term of the Policy.

    Supplementary Charge

    A monthly charge of 0.14583% of the Regular Premium policy value is levied if less than 10 year' Regular Premiums have been paid. This additional charge, however, will not be imposed if Premium Holiday Charge is payable.

    It is levied by cancelling sufficient units at bid price from your policy.

    *Your Top-Up Premium Units (if any) will be cancelled first, followed by your Regular Premium Units.

    (2) Fees and charges payable via a deduction from the surrender amount/ remaining policy value (Charged upon partial withdrawal, full surrender, or taking premium holiday)

    Partial Surrender
    Charge

    The Partial Surrender Charge is deducted from the remaining policy value and
    is calculated as –

    Number of Regular Premium units withdrawn x bid price x A/ (1 – A),

    Where A is the Surrender Factor as shown in the Surrender Charge Table
    below.

    Full Surrender Charge

    The Full Surrender Charge is calculated by multiplying the Regular Premium Policy value with the appropriate surrender factor as shown below:

    The Full Surrender Charge is calculated by multiplying the Regular Premium Policy value with the appropriate surrender factor as shown below:

    Number of Full Annual Premiums Paid*

    Surrender Factor

    1

    95%

    2

    85%

    3

    65%

    4

    40%

    5

    30%

    6

    25%

    7

    15%

    8+

    0%


    *The number of full annual premiums for the purpose of calculating the Surrender Factor will be based on the original amount of Regular Premiums payable.


    Premium Holiday Charge

    This charge is calculated as - 

    A/ (1-A) x B x bid price,

    Where A is the Surrender Factor as shown in the Surrender Charge Table above; and

    B is the number of Regular Premium units cancelled for policy charges during the Premium Holiday period.

    No Premium Holiday Charge is levied if more than seven (7) full annual Regular Premiums have been paid.

    (3) Other Charges

    Fund Management Charge

    At each recalculation of the fund's net asset value, a Fund Management Charge will be applied on the fund value as follows:

    Fund

    Fund Management Charge

    AIA Brunei Growth Fund

    1.50% p.a.

    AIA Brunei Balanced Fund

    1.50% p.a.

    AIA Brunei Conservative Fund

    1.50% p.a.

    Please note that the above charges may be revised/ adjusted from time to time.

  • AIA Variable Investment Protector (VIP)

    (1) Fees and charges payable through cancellation of Units*

    Premium Allocation Rate

    Regular Premiums

    The number of units to be credited to your policy shall be determined in accordance with the rates set out in the following scale at offer price:

    Regular Premiums paid and accepted by us (Annual)

    Premium Allocation Rate^

    1st Year

    20%

    2nd Year

    35%

    3rd Year

    55%

    4th Year - 6th Year

    102%

    7thYear - 9th Year

    105%

    10thYear & above

    108%

    ^ Refer to % of Regular Premium allocated towards the purchase of Regular Premium Units

    Top-Up Premium

    100% of any Top-Up Premium paid and accepted by us will be applied to purchase Top-Up Premium Units at offer price.

    Policy Fee

    The Policy Fee is charged monthly by cancelling sufficient units at bid price from the policy. The Policy Fee varies by the Regular Premium payment frequency as shown in the table below:

    Premium Frequency

    Policy Fee

    Annual

    BND4

    Monthly

    BND5

    Benefit Charge 

    A monthly Benefit Charge is levied on the policy to provide for the insurance coverage. This charge is levied based on the sum assured by cancelling sufficient units at bid price from the policy.

    If Total and Permanent Disability Benefit or Critical Illness Benefit is selected, separate Benefit Charge on the Insured Amount of the Supplementary Agreement will be levied.

    If Payor Benefit is selected, separate Benefit Charge on the basic policy's current annual premium will be levied.

    The Benefit Charges vary according to the Insured's attained age during the term of the policy.

    (2) Other Charges

    Fund Management Charge

    At each recalculation of the fund's net asset value, a Fund Management Charge will be applied on the fund value as follows:

    Fund

    Fund Management Charge

    AIA Brunei Growth Fund

    1.50% p.a.

    AIA Brunei Balanced Fund

    1.50% p.a.

    AIA Brunei Conservative Fund

    1.50% p.a.

    Please note that the above charges may be revised/ adjusted from time to time.

  • Investment Growth Plan (IGP)

    (1) Fees and charges Deducted upfront from Single Premium amount

    Policy Fee and Premium Charge

    BND100 plus 1.5% of Single Premium. However, this charge will be waived for Single Premium of at least BND15,000.

    Benefit Charge 

    A monthly Benefit Charge is levied on the policy to provide for the insurance coverage. This charge is levied based on the sum assured by cancelling sufficient units at bid price from the policy.

    If Total and Permanent Disability Benefit or Critical Illness Benefit is selected, separate Benefit Charge on the Insured Amount of the Supplementary Agreement will be levied.

    If Payor Benefit is selected, separate Benefit Charge on the basic policy's current annual premium will be levied.

    The Benefit Charges vary according to the Insured's attained age during the term of the policy.

    (2) Fees and Charge payable through cancellation of Units

    Premium Allocation Rate

    Single Premium

    Single Premium, less the Policy Fee and Premium Charge, if any, at Offer Price.

    Top-Up Premium

    100% at Offer Price

    Mortality Risk Charge

    If 150% of the (single premium plus total top-up premiums less total withdrawals) is greater than the policy value, the Mortality Risk Charge is levied monthly on the policy to provide for the coverage.

    The Mortality Risk Charges vary according to the Insured's attained age during the term of the policy.

    (3) Other Charges

    Fund Management Charge

    At each recalculation of the fund's net asset value, a Fund Management Charge will be applied on the fund value as follows:

    Fund

    Fund Management Charge

    AIA Brunei Growth Fund

    1.50% p.a.

    AIA Brunei Balanced Fund

    1.50% p.a.

    AIA Brunei Conservative Fund

    1.50% p.a.

    Please note that the above charges may be revised/ adjusted from time to time.

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