Education Planning

OVERVIEW

As cost of living increases, the need to access higher education has heightened. Start planning for your child’s education now and allow your money to grow with minimal financial burdens. Our education planning supplement will provide the funds needed for your child to go further.

Simple steps to start your savings journey

Start as soon as possible
Plan for unexpected expenses
Avoid low returns investments
Start small and work your way up

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KEY FEATURES

A Child Education Plan is a Life Insurance product tailored to provide you with the assistance you need to save for your child’s education funds. The funds can be utilised to partly meet your child's higher education expenses.

If you opt for a payer benefit rider, in the event of an untimely demise of the parent or legal guardian, the policy will allow for the child to access the funds to help finance his or her education expenses.

Contact us today and see how we can customize a solution for you.

PRODUCTS

AIA Smart Growth (II)   
AIA Smart Growth (II) is a savings plan designed to help you grow your wealth by saving for just 12 years, enabling you to budget for the future with confidence.

BONUSES TO GROW YOUR WEALTH FASTER - Whether you are saving for marriage, for your children’s education or building a nest egg, we help boost your wealth through bonuses. A potential one-off bonus may also be payable when you make a claim, choose to stop the policy or at the end of the policy.
YOUR CHOICE OF POLICY DURATION - Depending on your needs, you can choose a policy that lasts for 18, 21 or 24 years. You only have to make payments for 12 years and your premium won’t change
LIFE INSURANCE FOR YOUR FAMILY'S SECURITY - If you are disabled before the age of 70 or pass away, your family will receive the coverage amount plus any potential bonuses, helping to ease their financial burden. 

OPTION TO PURCHASE ADDITIONAL INSURANCE

If your future circumstances change down the road you have the option of purchasing an additional whole life or endowment plan without having to undergo medical check-ups, making it much easier for you to get more protection.
Great Eastern Great Wealth Multiplier
With GREAT Wealth Multiplier, you can now attain new heights with more returns.

This limited pay, regular premium endowment insurance plan offers multiplied growth of potentially 10X or more on your total annual premiums paid1 to help you achieve your life goals and dreams faster. In addition, you’ll be protected against Death, Total and Permanent Disability and Terminal Illness for life - with no medical underwriting required

Key benefits
High potential growth and returns
Accumulate or withdraw your cash value on your terms
Assurance with capital guarantee
Great Eastern Flexi Cashback
Flexi Cashback, a regular premium endowment insurance plan, makes it easy for you to kick-start your life plans without compromising on the lifestyle you enjoy. Receive guaranteed yearly cash payouts starting from the end of the second policy year onwards to indulge in whatever you want — whether it’s a big-ticket purchase or a vacation. Plus, you’ll be covered against Death, Total and Permanent Disability, and Terminal Illness, while saving for the future.

Key benefits
High guaranteed yearly cash payouts
Flexible premium payment terms
Capital guaranteed upon maturity
Great Eastern Flexi Goal
Flexi Goal, a regular premium endowment insurance plan, offers high potential returns and flexible premium payment options so that you can plan better and achieve your life goals faster with certainty — whether you want a home upgrade, tertiary education for your children, or a well-deserved golden retirement. You will also enjoy protection against Death, Total and Permanent Disability and Terminal Illness while saving for your future.

Key benefits
High potential returns
Capital guaranteed upon maturity
Highly customisable plan

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General Note

You are advised to read the policy contract for details.

1. Refers to Plan 1 premium rate for age 1 to 30.

2. Catastrophic Disability refers to:

Coma
Paralysis
Loss of or the irrevocable total loss of use of 2 limbs
Irrevocable total loss of sign of both eyes
Loss of or the irrevocable total loss of use of 1 limb and the irrevocable total loss of sight of 1 eye

3. Conversion privilege is applicable to standard lives only.

Important Note

The insurance plan is underwritten by AIA Singapore Private Limited (Reg. No: RFC20004468). All insurance applications are subjected to AIA’s underwriting and acceptance. This is not a contract of insurance. The precise terms and conditions of this plan, including exclusions whereby the benefits under your policy may not be paid out, are specified in the policy contract. You are advised to read the policy contract.

As buying a life insurance policy is a long-term commitment, an early termination of the policy usually involves high costs; and the surrender value, if any, that is payable to you may be zero or less than the total premiums paid. You should consider carefully before terminating the policy or switching to a new one as there may be disadvantages in doing so. The new policy may cost more of have fewer benefits at the same cost.

Eligibility Criteria
Required Documents
Fees & Charges
Terms & Conditions
More Info

Eligibility Criteria
Eligibility Criteria
21 years and above
Must be Baiduri Bank account holder
Required Documents

Required Documents
Valid IC or Passport
Fees & Charges
Fees & Charges
Free consultation with our Personal Financial Planner.
Fees and Charges vary based on is depending on the types of products.
Terms & Conditions

Terms & Conditions
Refer to respective product terms and conditions.
More Info
More Info
Important factors that determine the cost of higher education:

Level of qualification
Location of University – local/abroad
University of choice
Course of choice
Length of course

By taking these, the expected living expenses and annual inflation into account, you will be able to estimate how much you will need to save for your child education.

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