Put yourself at ease by protecting those you love
03 February 2021
The topic of insurance can be quite technical. The terms used are specific in their meanings, and you need to understand them in order to know what you are–and what you're not–entitled to.
Whether it is your first time to encounter these terms or you simply need a refresher, here is a list of commonly used words in insurance and what they mean.
Availing of insurance is not just a financial concept. It also creates a legal obligation between you and your insurance company to abide by the agreements listed in the policy. More importantly, it creates an expectation of protection for you and your family. When you know the meaning of each term in your insurance plan, then you gain a full understanding of what the policy entails.
Ready to start securing protection for your future? Get in touch with one of our Bancassurance Sales Executives by filling out this inquiry form today.
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Get the power to protect yourself and your family with an affordable life insurance plan. Life Ready Plus is easy on the budget, but offers coverage of up to 30 times your yearly payment to support the financial needs of your loved ones.
The plan gives you fast access to coverage and benefits and can match your long-term financial goals when maintained within an appropriate term.
Critical Care Max will help you make more memories by providing financial aid during the early stages of a critical illness. This unit-linked life and health insurance plan offers assistance on your recovery. You can build a health fund that grows over time, depending on your chosen investment, to pay for other medical costs.
In addition, it comes with a hospital confinement benefit that will replace lost income due to hospitalization. This daily cash benefit may also come with optional benefits like cash payout for surgery-related expenses, allowance for consultation fees, and many others.
Let your loved ones enjoy the fruits of your labor even when you’re no longer around. Build Estate Plus is a unit-linked protection plan that will cover your estate taxes after your passing so that you can ease your family’s burden.
It doubles as an investment savings fund that builds Account Value as you pay. It is also integrated with AIA Vitality that provides additional upfront coverage of 20% to your policy and add-ons.
Be in good hands in times of sickness. Let Critical Care Plus, a unit-linked health and life insurance plan, take care of you with financial aid in case of a major illness, so you can focus on getting better and spending more time with your loved ones.
It even gives you more benefits for having good health through the AIA Vitality program that adds 20% upfront coverage and supplemental benefits on your policy.