Anyone surrender AIA insurance before? How to get back our cash value, can i choose get cheque from AIA now?

Why do you want to surrender it in the first place?

Need the money. Can i get cheque from AIA instead of direct bank in to my account?

You don't have to fully surrender the policy, you can do a partial withdrawal and then put it back later.

Drop by to the branch front counter

Anyone know, can i get cheque from AIA?

The straight answer is Yes.

However, direct debit into your account is quicker if you're running for time.

never heard of such plan,
could it cover death, disability, ci??
Yes, yes, and yes.
On top of it, it pays 2x for Accidental death, and 3x for death in public conveyance.

sound to me like a target date saving plan, that planning to leave 1mil for family and use this to save up the money...
You can choose the premium payment terms. The guaranteed amount will be the sum insured regardless of the cash value.
Should the cash value exceed the sum insured, the higher amount is payable.

anyway, I dont see it much different than getting a typical regular ILP, that put the same lumpsum money and then ask for premium holiday:
- regular one got flexibility for ci, medi, pa, or just plain life as the one you mention Yes you are right, except this one only CI and PA.
- regular one charge lumpsum fee same as the one you mentioned. This one only charges the COI for the sum at risk. (Sum at risk = sum insured - cash value)
- regular one can have premium holiday on and off by request (should be at no cost) This one as well.
- regular one can start with large sum insured(?) then yearly reduce it manually for free This one as well.

unless there is a limitation on the sum insured from regular ILP,
I will update my existing ILP for such purpose, as both plan introduce monthly fee and better consolidate into one.
I am still try to understand on these ILPs, if you can show me such non-regular premium ILP that support medi, early ci and pa, I am interest to know more What do you mean by non-regular premium ILP? Perhaps a single premium ILP? Or a short payment term?

p.s the fee charged on lumpsum is as much as I paid for unit trust investment from local reputable company, since ILP plan does not advice me as the UTC do, could any one suggest to ILP company to reduce these lumpsum charge?
ILP Plans are tax deductible, and the payout, should you pass on prematurely, is creditor proof, and it will not be frozen nor will it be subject to the allotment in your will. Would your unit trust be able to do that for your loved ones?

Thanks

Hi,

not sure if this is the right topic.

is there anyone based in JB or Miri, Sarawak that could provide insurance quote for me? A beginner in this so may require certain upfront education.

28years old Male.

Thanks

Hi bro,

I think this will help you with some info on an overall perspective. http://insuranceinfo.com.my/insurance_booklet.php

Done it before. Just walk into the branch at Plaza 33 and fill in the form. I chose direct debit.

Cheers,
Matt

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