Ethos Wealth Planners

AXA Life announces the launch of Mum's Advantage, a pre-natal plan that is catered for the expectant mother and the child. It is a package plan consisting of the Inspire Flexi 2 and Mumcare. It is tailored for pregnant ladies with gestation period between 18 to 32 weeks.

Aviva launches the next generation whole of life insurance policy: MyLifeChoice. Key features of MyLifeChoice are:

1. An option to increase coverage at key life events without evidence of good health.

2. Coverage up to 275% of the Sum Assured.

3. Guaranteed higher lump sum payout upon claim.

4. Supplemental retirement fund through lump sum withdrawal from age of 65.

5. Optional Critical Illness and Total and Permanent Disability rider for coverage till age 99 and 70 next birthday, respectively.

AXA Insurance Singapore Pte Ltd will be covering those with existing hypertension and hyperlipidaemia (high cholesterol) conditions with any of AXA’s Hospital & Surgical products after premium loading is applied. It addition, it offers Individual Take-Over with immediate effect on New Individual Health Business. Customers who switch their Individual Hospital & Surgical policies over to AXA from another insurance company will enjoy the same underwriting terms as their current policies, including coverage of any pre-existing conditions already covered by their existing insurer. The initiative is applicable on health products like SmartCare Optimum, SmartCare Executive and International Executive. The rest of the products are non-applicable.

(Note from moderator of this website: Seek professional advice before switching as there could be cases in which switching from existing plan may proof to be more disadvantages.)

AIA HealthShield Gold Elite will be withdrawn from new business sales on 13 June 2011.Upon the withdrawal of AIA HealthShield Gold Elite, a new Medisave-approved integrated medical plan, AIA HealthShield Gold Max and its supplementary rider, AIA HealthShield Gold Max Essential will be launched on 13 June 2011.

The AIA Platinum Legacy Series will be withdrawn with effect from 15 May 2011. The enhanced version of AIA Platinum Legacy and AIA Platinum Legacy Preserver is on 16 May 2011 and key changes include:

1. Guaranteed crediting rate on the Initial Premium for the first 7 years;
2. No Lapse Privilege to age 111;
3. New A+ country grouping for Singapore residents;
4. Shorter Surrender Charge period and lower Surrender Charge;
5. Accelerated Terminal Illness benefit;
6. More premium payment choices.