AIA Now Offers Insurance Benefits For Mental Health
Author Avatar

 

AIA Now Offers Insurance Benefits For Mental Health

AIA Bhd has become the first insurance company in Malaysia to offer insurance benefits for mental health conditions. This benefit will live under AIA’s A-Plus Health medical rider, which has been enhanced to now cover psychiatric consultation fees for six mental health conditions.

The six mental health conditions are major depressive disorders, post-partum depression, schizophrenia, bipolar disorder, obsessive-compulsive disorder, and Tourette syndrome. Those under the A-Plus Health medical coverage can claim up to RM1,500 per year in psychiatric consultation fees when visiting any private or government hospitals. The benefit isn’t much, but it is an encouraging sign that insurers are now looking to add mental health coverage in their policies.

A-Plus Health is a medical rider that can be attached to a regular premium investment-linked insurance plan by AIA. All new and existing customers of A-Plus Health are entitled to this benefit without any increase in premiums or insurance charges. The benefit is also offered under A Plus Health-i, which is the Syariah-compliant version of the rider.

“Mental health continues to remain a challenge for both the public and health industry due to the lack of data and understanding,” said Heng Zee Wang, Chief Marketing Officer of AIA Bhd. “One of the first steps we thought to address was seeking treatment, often one of the first barriers in the journey to mental health recovery.” Zee Wang added that AIA hopes to enable more Malaysians to take that first step to seek professional help with this new feature.

AIA Singapore had introduced coverage for five different types of mental health illnesses earlier this year in January, a move that was lauded by our Deputy Health Minister Dr Lee Boon Chye. According to the deputy minister, mental health was a major problem in Malaysia, but proper coverage provided by insurance companies would help those who require assistance in times of need.

Statistics show that mental health is no trivial matter in Malaysian society; the Ministry of Health’s National Health and Morbidity Survey 2015 revealed that 4.2 million Malaysians suffer from mental health problems, with a two-fold increase in prevalence between 1996 to 2015.

 

0 0 votes
Article Rating

SHARE

Comments (0)

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments
Top Insurance Articles
Post Image
The First Cancer Rider Offering Treatment Allowance & Hospice Care In Malaysia By Takaful IKHLAS
Katrina Quiroz
- 1st July 2021
Around the world, Malaysia included, cancer has remained as one of the leading causes of death. Last year, […]
Post Image
Government and Private Hospitals in Malaysia: How Much Do They Really Cost?
The RinggitPlus Team
- 2nd January 2018
We keep hearing that government hospitals are cheaper than the private ones, but what’s the price difference really like? Keep reading to find out!
Post Image
Introducing FWD Takaful
The RinggitPlus Team
- 17th September 2019
Forget what you thought you already knew about Takaful – and find out what new perspectives FWD Takaful has to introduce.
Post Image
The Ultimate Guide to Buying Your First Insurance Plan
Desiree Nair
- 20th March 2017
Having problems buying your first insurance policy? We’ll set you straight on the know-hows of buying the most suitable insurance policy to suit your needs.

Related articles

Related Posts Image
Related Posts Image
Related Posts Image
Related Posts Image