AIA Pro Achiever: 2023 Unbiased Review | Is this for you?


AIA Pro Achiever Review

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AIA Pro Achiever review

Table of Contents

The AIA Pro Achiever has been discontinued. It’s latest version is the AIA Pro Achiever 2.0.

AIA Pro Achiever is an investment-linked insurance plan (ILP). It is a brilliant way to accumulate your wealth and gives you a head start from the word go.

You get open access to a simplified and diversified portfolio from the start.

Before you continue, check out our post on the best investment plans in Singapore.

Pros Cons
  1. 0% policy fees after initial term
  2. 5% extra units for premiums paid after MIP
  3. Competitive fees
  1. 12-year minimum investment period
  2. Invests in AIA sub-funds with high fees
  3. Not the lowest fees
Preferred Alternative:


  • You need to be between 0-70 years old for the ILP to be issued to you
  • Minimum investment amount is S$200 monthly

General Features

The features of the AIA Pro Achiever are as follows:

Premium Payment Terms & Options

The table here shows the minimum regular premiums for each premium payment frequency.

Premium Payment FrequencyMinimum Premium Amount

AIA has the right to make changes to the minimum amounts at any point in time.

Premium Allocation

The table below shows the premium allocations rates for conversion into fund units if you choose to invest with AIA Pro Achiever.

aia pro achiever premium allocation

Fund units are purchased with your premium payments at their bid prices on that particular date. Bid price here refers to the highest price a buyer is willing to spend to purchase a unit of a particular fund.

Plan Flexibility

Optional Rider Add-ons

There are 2 riders you can take up with this ILP, namely the Critical Protector Waiver of Premium and Payor Benefit. These riders will obviously require additional charges to add on.

With the Critical Protector Waiver of Premium, should you become gravely sick, your future premiums no longer have to be paid so you can concentrate on recovering.

As for the Payer Benefit, in the event that you pass away, become gravely ill, or disabled, all of your future premium payments will be taken care of by AIA.

This is so that your child or children do not have to worry about needing to take on your future premiums.

Vary Regular Premium

Under AIA Pro Achiever, you will be able to decrease your regular premium amounts but not increase them.

Your premium amounts can be reduced after the 13th annual, 25th semi-annual, 49th quarterly, or 145th monthly payment.

Top-up Premium

Eligibility for top-up premium depends on your track record of paying the premium amounts regularly. Consistent payments of your regular premiums before or on their due dates allows you to make top-ups on an ad-hoc basis.

The minimum amount for premium top-up is S$1,000.

Nevertheless, take note that only 95% of the premium top-ups will be used to purchase your selected fund units as there are charges involved. (Find out more in Fees involved)

Fund units will likewise be bought with your additional top-up at bid prices.

Partial Withdrawal

You have the possibility of making partial withdrawals from your policy after the 3rd annual, 6th semi-annual, 12th quarterly, or 36th monthly regular premium.

The minimum amount allowed for withdrawal is S$1,000, and the total policy value after the withdrawal has to be S$10,000.

However, these amounts can be revised by AIA at any time.

Furthermore, there may be charges associated with your partial withdrawal depending on how far along you are with your premium payments. (See more in Fees involved)

Fund Switching & Automatic Fund Switching

Instruction for switching funds from a particular ILP fund to another can be requested manually or automatically, depending on your choice. There are no charges for fund switching.

The minimum amount required for switching funds is S$50. However, an exception to this rule would be when switching out all fund units from the S$ AIA Money Market Fund.

In this case, the minimum amount required is not applicable.

For automatic fund switching, the switch can occur in fixed intervals, such as monthly or quarterly.

Furthermore, the initial amount in the AIA S$ Money Market Fund has to be S$1,000 before your automatic fund switch.

Automatic Fund Rebalancing

Automatic fund rebalancing refers to units of your invested funds being sold or bought on a regular basis so that your premium allocation follows your pre-specified instructions accordingly.

Under AIA Pro achiever, this flexible option comes for free.

The rebalancing of funds will occur instantaneously after your request to do so is received and accepted.

Your rebalancing instructions will not be acted upon if the fund amount to be rebalanced in or out is less than S$50 or 1% of the policy value.

Premium Holiday

You can take up a premium holiday with no charge under AIA Pro Achiever after paying your regular premium consistently for 13 policy years.

However, should you miss a premium payment before then, your policy will be considered to be on a premium holiday and charges will be inflicted on your ILP. (Check out Fees involved for more)

Full Surrender

As life insurance policies are long term commitments, there may be instances where you might change your mind and wish to surrender your plans early.

As an AIA Pro Achiever’s policyholder, you will be eligible to surrender your policy at any point in time, subject to a written notice submitted to the company. You can yield the entire surrender value of your ILP, which is tabulated by deducting the surrender charge from your policy account value. More on this later.

Policy Termination

If you don’t surrender your plan, your AIA Pro Achiever plan will be deemed to have reached maturity upon you turning 100 years old.


Death Benefits

With AIA Pro Achiever, the death of the insured will result in AIA paying out the following.

The higher of:

  • The sum of your regular premiums paid, add any premium top-ups, less any withdrawals; or
  • Your policy value.

Then, any fees and charges applicable to you are deducted from the above amount.

Accidental Death Benefit

In the event that the insured passes away from an injury within 90 days from the accident date, AIA pays an additional 100% of the regular premium payments sum on top of the above mentioned normal death benefit.

Take note that this is only applicable if it happens within the first 2 policy years.

Maturity Benefit

Upon maturity of your AIA Pro Achiever, you will be paid your policy values less any fees and charges. Afterwhich, this would naturally mean that your plan is terminated.

The policy value depends on the prices of the funds in your ILP on its maturity date and thus not a guaranteed amount.

Key Features

Fund offerings

AIA Pro Achiever’s Top 10 Performing Sub-Funds

The AIA Pro Achiever invests in unit trusts.

Name of Fund5-Year Historical Average (%)Risk Level
AIA Global Technology Fund30.04Higher
AIA Greater China Equity Fund16.72Higher
AIA Emerging Markets Equity Fund15.29Higher
AIA Regional Equity Fund14.29Higher
AIA US Equity Fund13.44Higher
AIA International Health Care Fund13.19Higher
AIA Global Equity Fund13.14Higher
AIA Greater China Balanced Fund11.39Medium to High
AIA Acorns of Asia Fund10.92Medium to High
AIA Emerging Markets Balanced Fund10.73Medium to High

From: AIA ILP Fund tools

Accurate as of April 2021.

Fees Involved

If you decide to invest in AIA Pro Achiever, the below table covers the different types of fees and charges involved.

Premium Charge
  • The premium charge gets deducted from your top-up premium amount.
  • Amount deducted is 5% of your top-up amount.
Fees and charges below are taken by cancelling and selling fund units at the bid price.
Supplementary Charge
  • Charged at 2.5% per annum.
  • This supplementary charge is deducted every month from your account.
  • After making consistent regular premiums payments for 12 policy years, this charge will no longer be imposed on you.
  • Should you be on premium holiday during the first 12 policy years, you will not be required to pay this charge.
Benefit charge
  • The benefit charge gets deducted every month for the entire period of the policy.
  • Calculation of the benefit charge occurs as follows:

Benefit Charge = (Annual benefit charge rate/12) x Sum-at-risk*

*Sum-at-risk = total regular premium amounts paid + total top-ups – total withdrawals – policy value.

  • If the value of your sum at risk is zero or runs negative, then no benefit charge has to be paid for that particular month.
  • The annual benefit charge rate per S$1,000 Sum-at-risk is shown below and is dependent on your age and gender.

aia pro achiever benefit charge 1 aia pro achiever benefit charge 2

Premium Holiday Charge
  • The premium holiday charge is incurred every month whenever you miss a regular premium payment.
  • Calculation of the charge occurs through the following formula:

Premium holiday charge = (Annual premium holiday charge rate/12) x Regular premiums paid

  • The premium holiday charge annual rate is shown in the table below:

aia pro achiever premium holiday charge

  • The table shows that after the 13th annual, 25th semi-annual, 49th quarterly, or 145th monthly regular premium has been paid, you will not need to pay any further premium holiday charges.
Full Surrender Charge
  • The charge gets deducted from your policy value when you choose to fully surrender your ILP during the first 12 policy years.
  • You shall receive the remaining amount of your policy after deduction of the surrender fee.
  • Calculation of the complete surrender charge occurs with the following formula:

Full surrender charge = Full surrender charge rate x Regular premium policy value.*

  • The full surrender charge rate is as shown below:

aia pro achiever surrender charge

*Regular premium policy value refers to the policy value from all the regular premium payments you have made.

Partial Withdrawal Charge
  • The partial withdrawal charge occurs when you make a withdrawal within the first 12 policy years.
  • The charge gets calculated with the following formula:

Partial withdrawal charge = Partial withdrawal charge factor x regular premium policy value withdrawn

  • The partial withdrawal charge factor is displayed below:

aia pro achiever partial withdrawal charge

Fund Management Charge
  • The fund management charge of your policy varies with the fund of your choice and is not fixed.
  • This charge is subtracted from the net asset value of your selected sub-fund.

Compulsory fees

Naturally, you will not need to incur all the abovementioned fees and charges under AIA Pro Achiever. If you were to commit to the policy from start to maturity without any changes, these are the compulsory fees you will incur:

  • Supplementary Charge – 2.5% p.a.
  • Fund Management Charge – Currently up to 1.75% depending on the funds chosen

Do take note that the supplementary charge is only applicable to you in the first 12 policy years.

How much will I receive upon maturity of the AIA Pro Achiever?

We engaged an AIA advisor, to do the calculation for you.

Assuming that you invest $200 monthly for 12 years and let it compound until the 30th policy year, the funds perform at 10% per annum, you made no withdrawals nor top-ups, and you did not take up any premium holidays; you can expect the below:

First 12 Years

Monthly premium:$200
Premium Payment Term:12 years (144 months)
Annual Fund Performance:10%
Fees in the first 12 years:2.5% + 1.75%
Net Fund Performance for the first 12 years:5.75%
Investment value:$40,292.99

Next 18 Years

Fees in the next 18 years:1.75%
Net Fund Performance in the next 18 years:8.25%
Total Investment Value over 30 years:$167,854.04

Total Premiums paid: $28,800

Total Interest Earned: $139,054.04

ROI: 482.83%

Take note that because the ILP is investing in AIA’s own portfolio funds, the returns you see are usually not net of fees. Thus, the annual fund management fee will be included.

As our assumed performance rate of 10% is considered as high, this means that the fund we have selected is likely a growth fund.

We used 1.75% for the fund management fee as this percentage is the highest fee rate found out of all the funds offered under the AIA Pro Achiever.

We explain further here in our ILP sub-funds guide.

My Take on AIA Pro Achiever

Pros Cons
  1. 0% policy fees after initial term
  2. 5% extra units for premiums paid after MIP
  3. Competitive fees
  1. 12-year minimum investment period
  2. Invests in AIA sub-funds with high fees
  3. Not the lowest fees
Preferred Alternative:

Now, you may be excited by the potential returns that the AIA Pro Achiever is offering.

But do take note that the above is purely for illustration purposes only and the actual performance depends on the funds your financial advisor picks for you.

I like that there are 0% policy fees after the premium payment term, meaning that I can compound my investments with the policy at the fund management charge (up to 1.75%).

Premiums paid after the MIP are also allocated at 105%, a 5% extra every time you commit past the minimum period.

However, my reservations are with the long minimum investment period (MIP).

From the surrender charges, we presume that the MIP is 12 years as from the 13th year onwards, there are no charges incurred should you surrender your policy.

12 years of commitment into an ILP is an awfully long minimum time to get locked into a policy – longer than an economic cycle!

Should you require these funds during your first 12 years, expect to pay hefty surrender charges which will result in a loss for you.

Yes, other ILPs in the market have similar or longer lock-in periods. But these are options for you to choose from – something the AIA Pro Achiever doesn’t offer.

Most ILPs have low MIPs while allowing you to compound your investments so that you can enjoy the liquidity and benefit from growth. The AIA Pro Achiever conversely gets you in for a minimum of 12 years.

Sure, this is not a problem if you have planned your finances properly and have enough cash on hand to withstand tough times.

But if you’re uncertain, you’re better off with ILPs like the Manulife InvestReady Wealth II with a low MIP of 3 years and 2.5% fees.

Their fees are also the lowest at 0.7% after the first 10 years, which means that you can let your investment compound and grow faster!

However, this is just my preference. Don’t take my preferences as financial advice.

Always seek financial advice from a licensed financial advisor who can assess your needs properly and comprehensively.


Product Summary

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