47% of Singaporeans claim that they’re unable to save because they need to set aside money to cover the cost of day-to-day living. However, by the end of January 2013, S$528 billion in cash will be earning next to nothing sitting in the banks. Are your savings part of this pool? This month, we'll not be discussing theory. Instead, we're going to introduce the latest low-risk savings plan.

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EXPECT MORE FROM YOUR SAVINGS 

We work hard for our money. Which is why we should find a plan that makes a real difference by letting our savings go the extra mile for us.

Introducing AIA Smart Pro Saver

Grow your money with AIA Smart Pro Saver, a 10-year limited-pay participating endowment policy where you'll only need to pay for 5 years. You can enjoy potentially attractive returns and stay protected at the same time. Whether you're planning for your child's education, your retirement, or just a well-deserved vacation, AIA Smart Pro Saver will take your savings further.

Let your savings help you put your mind at ease.

Benefits of AIA Smart Pro Saver:

1. Pay Premiums for just 5 years

Pay off your premiums in just 5 years and enjoy 10 years of coverage. What's more, your premiums will not increase throughout the 5 years, regardless of your age or the condition of your health.

2. Potential earn attractive returns

Your plan has the potential to grow with yearly discretionary bonuses. A terminal bonus may also be paid when you make a claim or on policy maturity.

3. Maturity Benefit after 10 years

At the end of 10 years, you will receive your maturity proceeds, which include any bonuses in one lump sum

4. Protect the ones you love

Be covered against premature death and provide financial protection for your family. Your loved ones will receive 101% of total premiums paid plus any bonuses, so they aren't financially burdened.

5. Hassle free application

AIA Smart Pro Saver is simple and easy to apply for as there is no medical underwriting.

6. Choose the currency you prefer

AIA Smart Pro Saver is available in two currencies. You can enjoy the flexibility of saving your money in either SGD or USD

Example 1

Mr. Thomas See, a 55 year-old non-smoker, is looking for a savings plan to maximise his savings so as to supplement his retirement funds when he turns 65. He purchases AIA Smart Pro Saver (S$) and pays S$22,062 annually for the next 5 years for an insured amount of S$100,000.

When Thomas turns 65, he will enjoy a projected maturity amount of S$138,171.

Regular Premiums paid for 5 years: S$22,062 x 5 = S$110,310

Example 2

Mr. John Lim, a 40-year-old non smoker, wants a savings plan t help him finance his child's overseas education in 10 years time. He purchases an AIA Smart Pro Saver (US$) policy and pays US$9,937.50 annually for the next 5 years for an insured amount of US$50,000.

After 10 years, John will enjoy a projected amount of US$67,206 before the policy terminates.

Regular Premiums paid for 5 years: US$9,937.50 x 5 = US$49,687.50

*Figures quoted in the examples include non-guaranteed annual bonuses and terminal bonuses that are based on projected returns of 4.7% (SGD plan)/ 5.75% (USD plan). The actual benefits payable may vary.

Do note that this product is not suitable for everyone (especially not for those who are looking for even higher returns). Please consult your Financial Services Consultant before making any decision.

Contact your personal Financial Services Consultant for a review to find out more.