A-Life Signature is an investment-linked plan which covers the lifestyle of your loved ones in your absence. A-Life Signature PlusOne provides the same benefits as A-Life Signature policy. When you buy A-Life Signature policy for yourself, you can buy A-Life Signature PlusOne for your spouse and child (above 18 years of age) with a reduction of 10% on the premium.
Benefits of A-Life Signature and A-Life Signature PlusOne Insurance Plan
AIA provides the following features and benefits under this policy:
- The minimum sum assured by A-Life Signature is RM500,000.
- The minimum sum assured by A-Life Signature PlusOne is RM35,000.
- You can get a maximum cover of RM1.5 million.
- You can get the policy even without medical examination if you coverage amount is RM1.5 million or below.
- The policy gives 100% of the sum assured in case of death or total and permanent disability (TPD).
- The policy pays 200% of the sum assured in case of accidental death.
- The policy pays 300% of the sum assured in case of accidental death while in public transportation.
- On maturity, you can receive 100% of the sum assured with an additional 20% of the account value.
- You can optionally enhance the protection provided by the policy by choosing critical illness cover from the available riders.
- The policy allows you to choose the coverage term and premium payment term based on your comfort.
- Early withdrawals and top-up investment plans are available.
You can purchase A-Life Signature and A-Life Signature PlusOne insurance if your age is between 18 years and 70 years.
A-Life Signature and A-Life Signature PlusOne Insurance for Foreigners
AIA provides A-Life Signature and A-Life Signature PlusOne for foreign citizens.
A-Life Signature and A-Life Signature PlusOne Insurance Calculator
You can get to know your budget and recommended coverage for your budget using the calculator provided on the official website of AIA. You just have to enter the details such as your gender, date of birth, smoking habit, annual income, fixed and variable expenses per year and the amount of existing insurance or Takaful coverage.
A-Life Signature and A-Life Signature PlusOne Insurance Claims
eClaim is the online mode of claim submission offered by AIA Insurance. When you visit the official website of AIA and log into your account, you must select ‘MY AIA’ on the menu. Now you have to select the ‘My Claims’ option and go to ‘Employee Claim’. Here, you can fill certain fields such as date of visit, type of claim, the company you are claiming under and details on whom you are claiming for. You can then submit your claim. However, you must submit the eClaim within AIA’s official business hours. In cases where the claim is submitted after the business hours, it is considered to be submitted on the next business day. The other terms and conditions you need to know before proceeding with claim submission are displayed on the eClaim web page. Alternately, you can also submit the claim in the physical form.
You can contact the customer care number of AIA, 1300-88-1899, if you require more information on the insurance policy. If you are an expat and want to talk to the representatives from overseas, you can dial the number 603 2056 1111 to clarify your queries.
How to Cancel A-Life Signature and A-Life Signature PlusOne Insurance Policy
In case your policy does not have any cash value and you wish to cancel the policy, then all you have to do is write a request mail and send it to the Customer Servicing Department located in Kuala Lumpur. On the other hand, if your policy has a cash value and you wish to cancel the policy, then you are requested to fill a Surrender Form, which is available at Customer Centres of AIA. You can also request for Surrender Form to be sent to you on the official website of AIA. The original Surrender Form must be sent to Customer Servicing Department located at Kuala Lumpur.
You can make sure about the cash value of your insurance policy by visiting the nearest Customer Centre.
Q. How many funds are available under the policy for investments?
A. There are 17 investment-linked funds available to choose from under this insurance policy.
Q. Does the coverage term vary with the age of the applicant?
A. Yes. The coverage tenure and the applicable age are given in the table below:
|Age Classification||Coverage Tenure|
|18 years - 55 years||Until 70 years|
|18 years - 65 years||Until 80 years|
|18 years - 70 years||Until 100 years|
Q. Is service charge applicable on the insurance policy?
A. Yes. Service charge will be deducted every month from your account value. RM6.36 will be deducted for monthly payment mode and RM5.30 will be deducted for other payment modes, inclusive of GST.
Q. Is fund switching allowed? Does it incur any cost?
A. Fund switching is possible based on your risk tolerance level. Switching the funds does not include any costs or switching fees.
Q. What is account value?
A. Account value is the total value of the units you have added in the investment funds.