The plan provides guaranteed cash value, non-guaranteed Annual Dividends (if any) and a one-off non-guaranteed Terminal Dividend.

If the insured passes away, the death benefit will be paid to the policy beneficiary. The death benefit will include:

1. guaranteed cash value or the total premium(s) paid for the basic plan, whichever is higher;
2. non-guaranteed Annual Dividends (if any) that have accumulated with interest under the policy; plus
3. non-guaranteed Terminal Dividend (if any).

All outstanding debt under the policy will be deducted before making the above payment to the beneficiary.

If the insured passes away due to a covered accident within the first 12 months of the policy, the plan pays an additional benefit equal to the total premiums paid to the basic plan in addition to the above benefits. The maximum aggregate amount of this additional benefit under all AIA Simply Love Encore 3 policies for the same insured is US$100,000 / HK$750,000.

Apart from a lump sum payment, you can select specific amounts of benefits to be paid to your beneficiary at regular intervals, provided that the total annual payment is at least equal to 2% of the sum of the death benefit and accident death benefit, subject to insurer’s prevailing rules. Remaining amount of benefits will be left in insurer to accumulate at the non-guaranteed interest rate determined by them from time to time, until the full amount of benefits has been paid to the beneficiary.

The death benefit settlement option is not available if the sum of death benefit and accidental death benefit payable is less than US$50,000, subject to insurer’s prevailing rules.

The Change of Insured Option allows you to change the insured to another loved one, in whom you and the beneficiary have insurable interest without affecting your policy values.

Subject to AIA’s approval, policy owner may request for the Change of Insured Option after the end of the 1st policy year up to 2 times while the policy is in force and such request must be made during the lifetime of the current insured.

No medical examination is required for the proposed new insured, as long as the total annual premiums do not exceed the aggregate limit set for such insured, subject to AIA’s prevailing rules and regulations.

The Newborn Option allows you to change the insured to your newborn child, in whom you and the beneficiary have insurable interest, helping you give your little one a head start in life without affecting your policy values.

Subject to AIA’s approval, you may request for the Newborn Option once before the end of the 1st policy year by submitting the child’s birth certificate, and must be done during the lifetime of the current insured.

No medical examination is required for the child as long as the total annual premiums do not exceed the aggregate limit set for the child, subject to AIA’s prevailing rules and regulations.

To be eligible for such option, the child must be born after the policy application date and before the end of the 1st policy year.

You may still request for the Change of Insured Option up to 2 times after exercising the Newborn Option.

3 choices of premium payment terms to suit your needs including one-time premium payment or regular premium payment of 5 / 10 years

No medical examination is required, subject to the insurer’s prevailing rules.

If the insured passes away, AIA will pay the death benefit to the person whom you select in your policy as beneficiary. The death benefit will include:

1. guaranteed cash value or a percentage of the one-time premium paid for your basic plan, whichever is higher;
2. non-guaranteed Annual Dividends (if any) that have accumulated with interest under the policy; plus
3. non-guaranteed Terminal Dividend (if any).

The percentage of your one-time premium paid that may be payable under your death benefit will differ by policy year, as shown in the table below:

AIA will deduct all outstanding debt under your policy before it makes the payment to the beneficiary.

If the insured passes away due to a covered accident within the first 36 months of the policy, AIA Fortune Promise pays an additional accidental death benefit equal to 15% of the one-time premium paid for your basic plan on top of the death benefit. The maximum aggregate amount of this additional accidental death benefit under all AIA Fortune Promise policies for the same insured will be US$150,000.

The plan will provide guaranteed cash value , non-guaranteed Annual Dividends (if any) and a one-off non-guaranteed Terminal Dividend (if any), all of which form your policy values.

Apart from a lump sum payment, you can select specific amounts of benefits to be paid to your beneficiary at regular intervals, provided that the total annual payment is at least equal to 2% of the sum of the death benefit and accidental death benefit, subject to AIA’s prevailing rules. Remaining amount of benefits will be left in insurer to accumulate at the non-guaranteed interest rate determined by them from time to time, until the full amount of benefits has been paid to the beneficiary.

The death benefit settlement option is not available if the death benefit payable is less than US$50,000, subject to AIA’s prevailing rules.

No medical examination is required for a new application as long as the one-time premium payment does not exceed the aggregate limit set for each insured, subject to AIA’s prevailing rules and regulations.

AIA Fortune Promise is available to insureds between 15 days and age 70. The plan is denominated in US dollars, with a one-time premium payable in a lump sum, avoiding the obligation of long-term premium payments while providing whole life protection.

Beyond protection and preservation, AIA Wealth Preserver 5 provides the opportunity to enhance the value of your wealth by guaranteeing a minimum crediting interest rate of 2.00% per annum for the duration of your policy.

Your premiums will accumulate in your policy as Account Value, which is subject to charges that will support the maintenance of your policy. Net of these charges, your Account Value will earn interest throughout the duration of your policy.

The Account Value will be accumulated at a non-guaranteed crediting interest rate declared by AIA from time to time, but at any time such crediting interest rate will not be less than 2.00% per annum. In addition, the policy offers an interest rate lock for premiums paid during the first policy year, enabling you to enjoy a guaranteed crediting interest rate until the end of the first policy year based on the crediting interest rate declared by AIA at the time of each premium payment.

6.5% of each premium payment

^* Premium charge is calculated at the prevailing premium charge rate which AIA may decide from time to time

Based on the Current Sum Assured and deducted monthly for the first 15 years of each coverage layer; charge varies according to the insured’s age at issue, gender, usual residence and health status

Based on the Sum at Risk and deducted monthly until the insured reaches the age of 120; charge varies according to the insured’s attained age, Sum Assured, gender, usual residence, health status and smoking status.

Based on the Current Sum Assured and applicable in the first 15 years of each coverage layer upon:

1. Policy lapse or surrender
2. Decrease in Current Sum Assured
3. Withdrawals

Charge varies according to the insured’s age at issue, gender, usual residence, health status and the number of years that the coverage layer has been in force

Upon the death of the insured, the Death Benefit will be paid to your nominated beneficiary(ies) under your policy. The amount of the Death Benefit is calculated as follows:

A one-off advance payment of the Death Benefit upon diagnosis of terminal illness, with a maximum aggregate limit of US$2,000,000 Sum at Risk, taking into account all similar or other coverage and benefits relating to terminal illness under all the insurance policies issued by AIA covering the same insured.

You can choose to pay your premium either in one lump sum or over a set period annually, and you can choose the amount and frequency of additional premiums anytime after paying the first premium, provided that you satisfy the minimum and maximum premium requirements.

The plan allows you to withdraw part of the Account Value from your policy after the first policy year (or, in relation to additional premiums, one year following the date of payment of the additional premium). Each withdrawal amount must not be less than the Minimum Partial Withdrawal amount.

Apart from a lump sum payment, you can select specific amounts of benefits to be paid to your beneficiary at regular intervals, provided that the total annual payment is at least equal to 2% of the sum of the death benefit, subject to AIA’s prevailing rules and regulations.

The death benefit settlement option is not available if the death benefit payable is less than US$50,000, subject to AIA’s prevailing rules and regulations.