Group Term Life Insurance Terms and Conditions

Importance of Disclosure – Under paragraph 4(1) of Schedule 9 of the Financial Services Act 2013, You are required to disclose to AIA any matter that:

(a) You know to be relevant to AIA’s decision on whether to accept the risk or not, as well as the rates and terms to be applied;

(b) A reasonable man in the situations could be expected to know to be relevant. (These are referred to together as “the material facts”).
You must also continue to disclose to AIA any material facts fully and truthfully that may occur between the time you apply/proposal form and the time the contract is signed.
You must answer all the questions in the application completely and truthfully.

Cooling-Off Period — The Policyholder does have the right to terminate the Policy by returning it within fifteen (15) days of receiving it. The Policyholder’s payments (less any medical costs paid) will be repaid.

Evidence of health – Before being approved for insurance, all workers must show a health certificate. If the medical result turns bad the policy will be terminated.

Suspension and cancellation – The Policyholder must pay the premiums outstanding within thirty (30) days of the invoice date. If did not make payment within sixty (60) days of the policy’s start date or the invoice date, It will be canceled in the end.

Claims processes — The Insured person must submit the completed claim form, including any related receipts, detailed invoices, and other supporting documents, by manual submission or e-submission within thirty (30) days of the date of the accident.

Occupation Class – The Insured Person must fit into 1 to 4 occupation Classes