AIA offers more commission

It is also developing a scheme through which it will give financial advisers $500,000 to pursue projects that help them make a difference.

AIA said 2020 had been a challenging year and feedback had indicated that the biggest issue for advisers and their businesses was cashflow.

That had prompted it to launch a 20/20 in 2020 offer that was designed to “share the value of going digital”, it said, and support small businesses.

It will extend until September 1 its existing 20% extra basic upfront commission on AIA Living applications submitted via its eApp. It said submissions in this way created operational efficiencies and created better outcomes for customers.