AIA Singapore has launched AIA Protect 3, a new critical illness plan, in celebration of its 95th anniversary. This plan is tailored to cover the three most prevalent critical illnesses in Singapore—cancer, heart attack, and stroke—and is available exclusively to AIA’s individual and corporate policyholders and their families. The initiative aims to address the significant 74% critical illness protection gap in Singapore, where these conditions account for 90% of critical illness claims.
AIA Protect 3 provides multi-stage coverage from early to major stages of illness, with protection extending up to age 85. Policyholders can benefit from a 25% cashback on premiums if no claims are made by age 65 or after 15 years, whichever comes later. The plan is designed to be affordable, with premiums starting at S$0.565 per day, and offers the option to switch to level premiums from age 70.
Irma Hadikusuma, Chief Marketing and Healthcare Officer of AIA Singapore, stated, “Critical illness can affect anyone, often when it is least expected, bringing emotional and financial strain to families.” The plan also integrates with AIA Vitality, a wellness programme that encourages healthier lifestyles and offers rewards.
AIA Protect 3’s launch comes as Singaporeans, particularly those aged 30 and above, increasingly prioritise critical illness protection amidst rising healthcare costs. The plan aims to complement existing corporate insurance coverage, providing a practical solution for individuals to strengthen their protection against high-risk conditions.
