AIA Disability Income Protection

There is a tendency among many people to ignore disability insurance as part of their personal financial planning. However, if you suddenly find yourself incapable to work due to a disability, it can have a shocking effect on your family’s financial stability. If you do not have the right disability cover, you may find it difficult to meet your child’s education expenses, pay bills, and make mortgage payments.

A disability insurance is a part of health insurance that protects you by paying you a fixed amount each month when you are unable to work because of an illness or accident. You will get a portion of your average monthly salary that may help you bear your monthly household expenses.

The disability income protection offered by AIA is called the AIA Premier Disability Cover and it provides a monthly income that gives financial security and peace of mind while you adjust to your new situation.

Features of AIA Premier Disability Cover

Some of the features offered by AIA Premier Disability Cover are as follows:

Premium Waiver

With AIA Premier Disability Cover, you will get full protection during the time you take to recover from your disability, without any obligations to make more premium payments. You will be protected without any interruptions and you will be entitled to the benefits without paying a penny.

Payback Benefit

AIA will pay you up to two times the monthly payout to make up for the income you lose during the period when you can no longer work due to your infirmity.

Rehabilitation Benefit

To make sure that your road to recovery is smooth, you will be compensated for the restoration costs of up to six times the monthly payout for each disability.

Lump Sum Payout for a Catastrophic Disability

If you have suffered from a catastrophic disability, you will get a lump sum of 24 times the monthly payout. Your immediate family members will get a death benefit of up to 12 times the monthly payout upon your death.

Income Top Ups

If you get a job that pays less than the payout you bought because of your disability after your accident or illness, AIA’s cover will provide an add-on to match the shortfall.

Monthly Payouts

If you are disabled after an illness or accident that prevents you from earning a living, you will get a monthly payout of up to 75% of your current income until you reach the age of 65 or make a complete recovery, whichever is earlier.

Things to Consider Before Buying AIA Premier Disability Cover

Before you go ahead and purchase this insurance policy, you must consider the following factors:

  • AIA Premier Disability Cover will be issued only to people between the age of 16 and 60.
  • If you are undergoing rehabilitation treatment, you must first get the approval of AIA in writing and get the treatment certified as essential by a medical doctor before spending on the treatment.
  • You can buy this policy only through an AIA appointed representative.
  • After getting the monthly payout for a period of two years, you will be eligible to get it until you are able to perform a suitable job according to your education, experience or training.
  • The death benefit will be applicable only for a standalone policy.
  • Monthly payout will start only 60 days after the occurrence of disability. For any recurring disability that happens within 12 months after the last monthly payout and catastrophic disability, the deferment period will not be applicable.
  • No benefits will be payable if the disability is caused because of pre-existing conditions.
  • The catastrophic disability benefit will be payable only once.

If you wish to know more about this policy, you can call AIA their hotline number 1800 248 8000 or 65-6248 8000 (overseas). You can also get in touch with AIA by sending an email to [email protected] The office of AIA will be open Mondays - Fridays from 8:45 a.m. to 5:30 p.m. There will be no service on Saturdays, Sundays and public holidays.

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