Why do I need AIA My Family PA?
It is a comprehensive protection plan that extends coverage to your whole family at affordable premiums. This personal accident cover will compensate you and your family for any accidental-related claims and provide for financial safety net when you’re no longer around.
What benefits can my family and I get?
Having an insurance coverage is as important as putting foods on your dinner table every day. Therefore, AIA makes sure that you and your family get the best and affordable protection plan under this package.
You will get lump sum payout under Accident Living Benefit, Accidental Death Benefit and Medical Reimbursement Benefit. Moreover, your beneficiaries will receive Disability Allowance for up to 10 years and Payor Benefit. What’s more, you will also get 5% Renewal Bonus on the amount of cover for Accident Living Benefit every year you renew your policy!
What is Payor Benefit?
The best thing about this policy is that if you have met with fatal accident or suffer permanent disability, which resulting to 100% claim under the Accident Living Benefit, AIA will waive the future premium payments under the same benefit for your remaining covered spouse and child.
How long should I wait for my claim to be credited?
The waiting period for any payment due is 12 months from the date of your/your spouse/ your child’s accident. Rest assured that you or your beneficiaries will receive a lump sum payout to help cope with the loss.
Is the plan renewable?
Yes, it is renewable annually.
I want to change protection plan. How can I cancel?
You may cancel your insurance plan by writing to AIA stating the date of the plan to be cancelled. Your PA cover will effectively cease once the date is received by AIA. It is advisable that you notify the insurer ahead of your next premium due date. You should also be aware that AIA will not be paying back your premium as it is not a condition of cancellation.