KUALA LUMPUR (May 8): AIA Malaysia is offering to waive three months of premiums for new customers who buy two of its affordable basic life insurance and family takaful plans this month.

The insurer said customers would still be able to enjoy the benefits and coverage under these plans — A-Life ProtectTerm and A-Life Kasih Famili — throughout the period that the premiums are waived.

On top of that, they will also receive free additional hospitalisation and death coverage for Covid-19 as well as complimentary medical advice on the pandemic until Sept 30 and June 30 respectively.

In a statement today, AIA Malaysia said the offer is open to new customers who sign up for any of these plans between May 6 and May 31 or until the first 50,000 policies (combined) are taken up, whichever comes first.

Additionally, AIA Malaysia is offering an additional 50% death coverage due to Covid-19 at no cost to its customers.

This means, if an insured person passes away due to Covid-19, an additional 50% of the basic amount covered will be paid to his or her beneficiary, up to a maximum of RM100,000 or RM250,000 per life depending on the plan.

The additional death cover, which is provided until Dec 31 this year, is offered to all new customers who sign up for AIA Malaysia’s selected conventional life insurance, takaful and bancassurance plans between May 6 and May 31.

On top of that, AIA Malaysia said it had extended its additional insurance and takaful coverage for Covid-19 to its customers at no cost to Sept 30, from the original June 30, in view of the ongoing pandemic.

The additional coverage comes with a hospitalisation benefit of RM200 per day, up to 30 days of hospitalisation, if the insured or person covered is diagnosed with Covid-19 and kept in quarantine at any of the Ministry of Health’s (MoH) designated hospitals. If the individual dies due to Covid-19, an additional lump sum of RM10,000 will be paid to his or her beneficiary.

Heng Zee Wang, the chief marketing officer of AIA Bhd, said the offers are aimed to help cushion the ill effects of Covid-19 while ensuring Malaysians continue to be adequately protected during this challenging time.

“The Covid-19 pandemic has unfortunately caused many individuals and families to face financial constraints,” said Heng.

“However, we at AIA believe that having adequate protection should not come with a huge sacrifice because now more than ever, insurance and takaful protection have become a necessity and much-needed safety net for ourselves and our families.

“It is our hope that these latest offerings will help ease the financial roadblocks faced by Malaysians and provide them with accessible means to get the right coverage for themselves and their loved ones, especially in this time of uncertainty,” he said.

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