AIA Group Term Life Insurance
AIA Group Term Life Insurance Policy Covers Employees And Family, Death And Disability. Contact Red Cover Agents For Best Proposals.
Group Term Life Insurance Coverage
Group Term Life Insurance will pay for the employee and their family for death benefit, total and permanent disability, partial and permanent disability, terminal illness, repatriation expense and critical illness.
When the company provides you the group term life insurance coverage, the employer normally pays most of the fees. The cost of your coverage is normally one or two times your annual pay. Typically, this group term life insurance coverage is provided in the form of yearly renewable term insurance.
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Click the button below to contact AIA Insurance Agent Levine Lee, to answer your questions on this insurance plan.
Questions about Group Term Life Insurance
The minimum are 11 employees and maximum 150 employees.
Death Benefit (DB)
When the Person Insured dies, the Sum Assured for Death is payable.
Total and Permanent Disability (TPD)
If a person became disabled because of an injury or illness, the money would provide to the beneficiary to reduce their financial loss.
Partial and Permanent Disability (PPD)
If an employee is having a permanent disability condition from sickness or accident, compensation will be provided according to the Scale of Indemnity as indicated in the Policy’s Schedule of Benefits.
Terminal Illness (TI)
This money will be given if the Insured Person dies within twelve (12) months of being confirmed with a Terminal Illness.
Repatriation Expense (Repat)
If an insured member dies while travelling outside of Malaysia, the policy will pay for the transportation of his or her mortal remains back to the country of origin.
Yes. The Policyholder may cancel the Policy by sending AIA Bhd. at least thirty (30) days’ notices in writing. Based on the terms and condition the policyholder will return the premium.
It is necessary that the Policyholder notify us of any changes of his/her contact information.
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Levine Lee has over 12 years of working experience with AIA and ING Insurance as an insurance agent and life planner. Contact LEVINE LEE at +6012 684 0948. She can work with you to create the best plan to meet your employee benefits program and budget plans.