Last Updated on by Tree of Wealth
The AIA’s Mum2Baby Choices Maternity is highly raved and popular in many online forums and mummy communities. Aside from AIA’s branding, the AIA Mum2Baby Choices is not a stand-alone maternity plan but essentially made up of 2 bundles of maternity plans options – One is a Whole Life Insurance plan while the other is based on an Investment-linked plan. The maternity coverage is actually a single premium rider.
|AIA Mum2Baby Protect||AIA Mum2Baby|
|Base Underlying Plan Type||Whole Life Insurance||Investment-linked plan|
|Base Plan||AIA Guaranteed Protect Plus (II)||AIA Pro Lifetime Protector|
|Maternity Coverage Amount||S$5,000, S$10,000 or S$25,000||S$5,000, S$10,000 or S$25,000|
As early as 13th week into pregnancy, AIA’s suite of maternity plans are made available and as long as during sign-up health for both mother and baby is healthy, the plan offers lifelong guaranteed protection for baby.
The 2 main bundles are provided for 2 main purposes: Saving for child’s education (with ILP) or focusing on protection of life.
Both plans have the flexibility and Option to Transfer the base plan of Whole Life insurance or ILP and the attaching eligible riders to your newborn – all within 60 days from birth. Without medical underwriting questions asked!
Whole Life Policy
The AIA Guaranteed Protect Plus II is a Whole Life insurance plan that covers high in Death, Early to Advance Stage Critical Illness, Total Permanent Disability and Terminal Illness.
It has cash value which grows and compounds over the course of the policy. This provides a choice for the policy holder to surrender it during later stages of life for its cash value.
When paired together with the maternity rider, you basically:
- Be assured of surrender (cash) value that comes along with the Whole Life plan
- Fixed Limited Premium Term – choose 12 or 20 year option
- Able to include Early Critical Illness and enjoy the Option To Transfer
You may be interested: Best Whole Life Plans Singapore 2020 – The Ultimate Guide
Option To Transfer
The ability to add Early Stage Critical Illness rider to the whole life plan (Guaranteed Protect Plus II) bundled with the maternity plan essentially covers the baby right from the start.
Read more about this crucial feature below.
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Product Features and Benefits at a Glance
For Soon-to-be Mothers
Get It Early – 13th week
Get covered for both mother and baby as early as the 13th week of pregnancy!
Due to pregnancy complications, the Hospital Care Benefit covers for longer stay in hospitals and ICU admittance be it any condition from the complications.
Medical Negligence Additional Coverage
In the unfortunate event if death occurs to expectant mother and/or baby due to Medical Negligence by Physician, Specialist or Hospital in Singapore or Malaysia, 100% of the coverage amount will be paid out on top of the death benefit for mother.
Coverage After Childbirth
Mummies are covered for death for 3 years even after birth.
Right from birth
Babies are covered for congenital illnesses, daily hospitalization benefits including incubation, admittance of ICU/HDU (including Neonatal admittance due to premature birth, HFMD (Hand Foot Mouth Disease), phototherapy and other infectious diseases) up to 3 years.
Guaranteed Option to Transfer
This means there is an ability to transfer the base plan of Whole Life Plan and its applicable riders and ILP to baby with no medical underwriting. This guarantees your baby’s protection and coverage for the rest of their lives, up to age 100.
You can also make it comprehensive with guaranteed multi-stage critical illness coverage when you add on an eligible critical illness rider right from the start. This has to be done within 60 days from the birth of child.
· Twins are covered
· No additional premium loading
How Mum2Baby Works
Payouts At a Glance
|Benefits of prenatal riders||Amount|
|· Death Benefit for mother
· Pregnancy complications
· Childbirth Medical Negligence Benefit
· Congenital illnesses
|$5,000, $10,000 or $25,000 respectively|
|Hospital Care Benefit for baby and mummy (Up to 30 Days)||100/day, 200/day or 500/day respectively|
|Major Hospitalisation Care Benefit for mum (Continuously for more than 30 Days or at least 5 Days in ICU)||100% of coverage amount after deducting any payout under Hospital Care Benefit for mum|
What We Like About The Plan
1. Option To Transfer – What’s the big deal?
Pretty big deal. Before AIA’s maternity, the other insurer that has this option was AXA. They still have it, but it’s a bundled maternity with an ILP. By having 2 choices – Whole Life insurance and ILP, AIA’s Mum2Baby essentially allows for the option to transfer of the Whole Life insurance (AIA Guaranteed Protect Plus (II)) from mother to newborn, within 60 days.
The big deal is that after the baby is born, the mother has the option to transfer the base plan to her newborn and it requires no Medical Underwriting questions. This should be done within 60 days of birth.
Early Stage Critical Illness rider can be added to the Guaranteed Protect Plus II (Whole Life plan).
This essentially looks at covering the concern that parents might have: what if the baby is born uninsurable?
2. ADHD, Wilson’s Disease & Autism Spectrum Disorder Covered
Under the Whole Life plan of Guaranteed Protect Plus II, the full range of Child Special Conditions covered are:
|1. ADHD||6. Major Head Trauma|
|2. Autism Spectrum Disorder||7. Osteogenesis Imperfecta|
|3. Bacterial Meningitis||8. Type 1 Juvenile Spinal Amyotrophy|
|4. Dyslexia||9 Wilson’s Disease|
|5. Generalized Tetanus||The definitions of the above special conditions are contained in Appendix A4.|
3.Pregnancy Complications – Most Complications Covered In The Market
The AIA’s maternity plan is comprehensive to cover quite a number of complications. This includes miscarriage due to accident, which most insurer lack.
14 types of pregnancy complications covered
|1. Abruptio Placentae||8. Miscarriage due to Accident|
|2. Amniotic Fluid Embolism||9. Placenta Increta / Percreta|
|3. Choriocarcinoma and Malignant||10. Postpartum Haemorrhage requiring|
|4. Disseminated Intravascular Coagulation||11. Pre-Eclampsia or Eclampsia|
|5. Fatty Liver of Pregnancy||12. Still birth|
|6. Gestational Diabetes resulting in Foetal Macrosomia and Neonatal Hypoglycaemia||13. Uterine Rupture|
|7. HELLP Syndrome (Haemolysis, elevated liver enzymes, low platelet count)||14. Vasa Previa|
4. Hospital Care Benefits For Mother – Highest Percentage Payout
For each day the mother is hospitalized, AIA will pay 2% of the coverage amount.
It is the highest payout (2%) per day and even covers conditions such as severe blocked ducts (Lactational mastitis). This condition may cause breastfeeding mothers to even experience fever (and rarely covered under Maternity plans).
Also, if the mother is to be continuously hospitalized for 31 days, or 5 consecutive days in ICU, 100% of the coverage amount under this supplementary benefit will be paid out, after deducting any amount that was previously paid under Hospital Care benefit. This is also unique with this Maternity plan.
Hospitalisation due to:
|1. Any of the covered Pregnancy Complications||6. Pulmonary embolism|
|2. Complications of lactational mastitis||7. Repair of 4th degree perineal tear|
|3. Inpatient psychiatric treatment||8. Septic pelvic thrombophlebitis|
|4. Post-natal Anaemia||9. Surgical site infection following Caesarean section|
|5. Puerperal Infection and Shock||10. Uterine infection or transfusion due to retained placenta following birth|
5. Congenital Illnesses – Most Conditions Covered in the Market
Most often, congenital conditions are detectable when the baby enters toddler stage. It is thus important to realize this and get them covered for before it is too late.
List of 25 Covered Congenital Illnesses For Newborn:
|1. Absence of Two Limbs||14. Congenital Hypertrophic Pyloric Stenosis|
|2. Anal Atresia||15. Development Dysplasia of the Hip|
|3. Atrial Septal Defect||16. Down’s Syndrome|
|4. Biliary Atresia||17. Infantile Hydrocephalus|
|5. Cerebral Palsy||18. Patent Ductus Arteriosus|
|6. Cleft Palate / Cleft Lip||19. Retinopathy of Prematurity|
|7. Club Foot||20. Spina Bifida|
|8. Coarctation of Aorta||21. Tetralogy Fallot|
|9. Congenital Blindness||22. Trancheo-Esophageal Fistula / Esophageal Atresia|
|10. Congenital Cataract||23. Transposition of Great Vessel|
|11. Congenital Deafness||24. Truncus Arteriosus|
|12. Congenital Diaphragmatic Hernia||25. Ventricular Septal Defect|
|13. Congenital Dislocation of Hip|
6. Hospital Care Benefits For Newborn – Highest Percentage Payout
Similar to Mummy’s coverage, up to 2% of coverage sum assured is claimable daily for up to 30 days.
Most full-term newborns face jaundice today and can be treated with phototherapy. Particularly for premature babies, server jaundice is an issue and incubation coverage for that is crucial. The issue is that the incubation stay for the newborn can go up to weeks of treatment.
In this case, a 2% of $10, 000 sum assured will be $200 per day and can be covered for $6, 000 for 30 days.
Hospitalisation due to:
- Admission into ICU / HDU
- Incubation of a newborn child
- Infectious diseases:
|(a) Avian Influenza (H7N9 & H5N1)||(h) MERS-CoV|
|(b) Chikungunya fever||(i) Nipah virus encephalitis|
|(c) Creutzfeldt-Jakob disease||(j) Rabies|
|(d) Dengue haemorrhagic fever||(k) SARS|
|(e) Ebola||(l) Severe measles|
|(f) Japanese encephalitis||(m) Typhoid fever|
|(g) Malaria||(n) Zika fever|
The AIA Mum2Baby Choices is a comprehensive maternity plan. Bundled with the Guaranteed Protect Plus II especially, it offers comprehensive early to advance stage critical illness coverage for life, especially for the newborn.
Through this in-depth review, we hope it provides value in your choosing of maternity plan for your upcoming little one! All Maternity Plans have their pros and cons and we strongly recommend that you consider your options wisely.
To do that, let our experienced advisors help you find the most suitable plan!
Simply email us at Hello@TreeofWealth.sg and our friendly licensed FA advisor will get in touch with you based on your needs.
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