AIA Philippines, formerly Philam Life, launched AIA Ascend, an innovative solution tailor-fit for those who want to invest in the future but also pursue their dream life today.
The new plan supports medium-term goals through annual cash payouts, and longer-term goals through a maturity benefit at age 65. AIA Ascend also offers potential bonus dividends, and life insurance coverage, should the policyholder pass before the plan matures.
The new AIA Ascend plan provides a cash payout equivalent to 5 percent of their policy’s face amount, which starts at the end of the fifth year for the five-years-to-pay option, and the end of the sixth year for the 10-years-to-pay option. These payouts continue every year until age 65.
AIA Ascend comes with a guaranteed maturity benefit where plan owners receive a lump sum cash benefit equal to 200 percent of the face amount at age 65. With the 5-pay or 10-pay variants to choose from, plus AIA Ascend’s flexible payout features, individuals get to enjoy a sense of customization to use their yearly payouts for things like travel, home upgrades, passion projects, college or post-graduate funding for their kids, investment purchases or future-proofing their dream lifestyle through a retirement fund.
Customers may also receive additional cash benefits through potential bonus dividends.
