Having Group Term Life insurance (GTL) comparison plans from different insurance providers allows HR to find the one that best fits the company’s needs. In Malaysia, AIA and Great Eastern are among the two insurance companies that offer GTL insurance plans.
Below we will compare the Group Term Life insurance plan between AIA and Great Eastern.
Click the button below to contact AIA Insurance Agent Levine Lee, to answer your questions on this insurance plan.
AIA Group Term Life Insurance Plans
This is a Group Term insurance plan (GTL) from AIA Insurance for employees.
- Death coverage.
- Total and permanent disability (TPD).
- Partial and permanent disability (PPD).
- Terminal illness
- Repatriation expenses
- Optional critical illness
Send in this pre-order to get the official proposal for you. Nothing needs to be paid for this pre-order.
Group Term Life Insurance Comparison
One of Group Term Life benefits is that the plan coverage will protect the employee in the event of death and total disability. However, different insurance companies include different coverage options and benefit in their insurance plan.
For example, the feature coverage provided in AIA Group Term Life insurance plan might differ from Great Eastern. And by doing the comparison, HR or admin can look for the insurance plan that fulfills the company’s demand.
Group Term Life Insurance Plan Comparison between AIA and Great Eastern
Deciding which insurance provider to go for can be overwhelming. To start, HR or admin can look at what kind of optional coverage and requirement is being offered in the insurance plan.
Take a look at the table below to see the comparison between AIA and Great Eastern Group Term Life insurance plan.
| AIA | Great Eastern | |
| Group Term Life | Customizable | 6-fixed plans |
| GTL Sum Assured | Lowest from RM20,000 up to RM500,000 | Lowest from RM20,000 up to RM300,000 |
| Accidental Death (ADD) | Customizable | Lowest from RM20,000 up to RM300,000 |
| Critical Illness (CI) | Lowest from RM20,000 up to RM500,000 | Lowest from RM10,000 up to RM150,000 |
| GTL, ADD & CI Premium | Age rated | Age rated |
| Headcount (employees) | 5-200 | 11-150 |
| Underwriting | Employee headcount from 5 – 10 are subject to underwriting | Not required |
| Entry age | Employee & Spouse – min 16 to max 64 years old | Employee & Spouse – min 16 to max 64 years old |
| Renewal Age | 69 | 69 |
| Pre-existing conditions | 120 days waiting period | 120 days waiting period |
| Takeover | Min 25 headcount & 50 % loading on brochure rate | Not allowed |
Group Term Life Insurance Experts
Ask our Red Cover experienced insurance advisor for a quick proposal of your estimated needs or a better understanding of the term & conditions of the various insurance companies.
Levine Lee has over 18 years of working experience with AIA and ING Insurance. She is an expert AIA insurance agent and life planner for AIA in Malaysia. Contact LEVINE LEE, at +6012 684 0948. She can work with you to create the best plan to meet your employee benefits program and group insurance budget plans.
Or send in the form below for Levine to call you to scope your needs for a quotation.
At Red Cover Life Planning, we emphasize our people- helping them grow, expanding their abilities, and discovering new opportunities. Join us now to be part of our team and story.
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