What is AIA A-Plus AccidentShield all about?
AIA A-Plus AccidentShield is a policy rider that provides benefits for death or injuries resulting from accidents. The policy pays out a lump sum compensation for any event that triggers death as well as, temporary or permanent disability.
Policyholders will also get Double Indemnity in the event he or she has met with an accident while traveling in a bus or train, elevator cars or as a result of fire breakout in public buildings.
What is maximum sum assured?
You can be covered up to a maximum of RM2,000,000 per lifetime or 5 times of the total basic sum assured, whichever is lower.
How much annual premium do I have to pay?
Since this is a rider which you can attach to your traditional plan or investment-linked policy and the annual premium or cost of insurance will vary depending on the risk classes. See below for illustration:
| Occupation Class | Annual Premium (RM) (inclusive of GST) | Cost of Insurance (RM) (Inclusive of GST) |
| Occupation Class 1 | 106.00 | 63.60 |
| Occupation Class 2 | 132.50 | 84.80 |
| Occupation Class 3 | 159.00 | 106.00 |
| Occupation Class 4 | 212.00 | 137.80 |
Note: For a male aged 25 with the sum assured of RM50,000.
What are the fees and charges involved?
Frankly speaking, there are no other fees and charges! The only thing you need to pay is the annual premium or cost of insurance deducted.
Is this rider eligible for income tax relief?
Yes, it is. You can qualify for a personal tax relief under the annual life insurance premium and EPF, provided the total combined value of premium paid for this rider and EPF do not exceed RM6,000.
Are there any add-on coverage perks?
You can subscribe to Riot and Civil Commotion (RCC) benefit by adding on a little extra to your annual premiums. This add-on coverage will compensate you from accidents arising from assault, murder, riot and civil commotion – its hard to tell when you might need this little perk in this day and age.
