FAQ on Death and Total & Permanent Disability Benefit in AIA’s A-Life Wealth Builder

Understanding Death & TPD Benefits on A-Life Wealth Insurance

AIA’s A-Life Wealth Builder provides robust protection for you and your loved ones, offering comprehensive coverage in case of death or Total and Permanent Disability (TPD).

Let’s explore the key aspects of these benefits and answer some frequently asked questions.

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Death Benefit

FAQ 1: What is the Benefit Amount Payable Upon Death?

Upon the insured’s death, A-Life Wealth Builder pays out 100% of the Basic Sum Assured or the Account Value, whichever is higher. For coverage terms up to age 100, if death occurs after age 80, the Wealth Booster is also payable

FAQ 2: Are there any exclusions for the Death Benefit?

Yes, there are exclusions. If the insured, whether sane or insane, commits suicide within one year from the issue or commencement date, the coverage is limited.

In this case, the liability is restricted to refunding the Account Value without interest, along with the total unallocated premium and policy charges deducted from the issue or commencement date. After this, the policy will terminate.

Total and Permanent Disability (TPD) Benefit

FAQ 1: What is the Amount Payable Upon Total and Permanent Disability?

The benefit payable for TPD depends on the type of disability and the age of the insured:

• TPD (Any Occupation) or Presumptive Disability before age 70: 100% of TPD Sum Assured or Account Value, whichever is higher.
• TPD (Suited Occupation) before age 70: The Account Value if it is higher than the TPD Sum Assured; otherwise, 10% of the TPD Sum Assured is paid each year for the first two years, and the remaining 80% is paid in the third year

FAQ 2: What happens if the Insured Suffers from TPD (suited occupation) and Later Dies?

If the insured suffers from TPD (suited occupation), the benefit amount payable is the Account Value if it is higher than the TPD Sum Assured. Otherwise, 10% of the TPD Sum Assured is paid each year for the first two years. And the remaining 80% is paid in the third year.

If the insured dies before the full TPD benefit is paid, the remaining unpaid TPD sum assured is payable

FAQ 4: Are There Any Exclusions For The Total and Permanent Disability Benefits?

Yes, exclusions for TPD include disabilities caused directly or indirectly by:

• Willful exposure to danger or self-inflicted act while sane or insane
• Assault, murder, war (declared or undeclared), revolution, riot, civil commotion, industrial action, or terrorist activity
• Violation of the law, resistance to arrest, participation in fights, racing on wheels, or accidents due to intoxication by alcohol or drugs
• Entering, exiting, operating, servicing, or being transported by any aerial device or conveyance except as a fare-paying passenger or crew member on a commercial passenger airline on a regular scheduled passenger trip over its established route
• Pre-existing disability resulting from a physical or mental condition and pre-existing conditions prior to the issue date or commencement date, whichever is later

Enhancing Your Protection with A-Life Wealth Builder

A-Life Wealth Builder not only provides a solid safety net through its death and Total & Permanent Disability benefits but also offers additional coverage options and rewards for maintaining good financial habits.

With Wealth Rewards, Wealth Booster, and optional riders like A-Plus CI Guard, A-Plus CI Advance, and others, you can customize your plan to fit your specific needs and ensure comprehensive protection for your future

Contact Red Cover Insurance Agents for Expert Guidance

For a comprehensive understanding of AIA’s A-Life Wealth Builder and to tailor a plan that suits your needs, contact Red Cover Insurance Agents. Our experts are ready to provide personalized advice and help you make informed decisions.

Secure your financial future with AIA’s A-Life Wealth Builder. Let’s build your wealth and health together!

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