Enjoy a 10% discount yearly on the premium payable for your policy starting from the second policy year onwards!
Exclusive for Existing AIA Malaysia Customers who have purchased A-Life Essential Critical Care & A-Life Wealth Venture.
CAMPAIGN
FOREVER10
2023
10 mins read
10 mins read
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- This FOREVER10 Campaign ("Campaign") is organised by AIA Bhd. (“AIAB”, “we”, “our” or “us”). By joining this Campaign, you (“you”, “your” or “customer”) agree that you have read, understood and agreed to be bound by the Terms and Conditions of this Campaign and by any change or modification that we may make to this Campaign and / or the Terms and Conditions of this Campaign with prior notice to you. By joining this Campaign, you further agree to be bound by our Privacy Policy accessible at https://www.aia.com.my/en/index/privacy-statement.html.
- Campaign Period: 1 November 2023 to 30 November 2023, both dates inclusive (“Campaign Period”).
- Eligible Products:
- A-Life Essential Critical Care; and
- A-Life Wealth Venture with premium payment term 10 years and above.
- Campaign Eligibility:
- The Campaign is open to AIA Existing Customers who purchased any of the Eligible Products during the Campaign Period. All applications must be submitted via iPoS (except for A-Life Wealth Venture, where the applicant is a business organisation, manual submission is allowed) during the Campaign Period and activated by 15 December 2023.
In order to qualify for the Campaign, the Insured must be an AIA Vitality member. AIA Vitality membership must be signed up or active upon new application submission. (“Eligible Policy”)AIA Existing Customer is defined as:
- A policy owner/certificate owner of an activated Conventional Individual Life product from AIA Bhd. or Takaful product from AIA PUBLIC Takaful Bhd. or Personal Accident (PA) insurance with AIA General Berhad as of 31 October 2023; OR
- A corporate policy owner/certificate owner of an activated Conventional Group Employee Benefits Scheme from AIA Bhd. or Takaful Group Employee Benefits Scheme from AIA PUBLIC Takaful Bhd., or Group Personal Accident (PA) insurance with AIA General Berhad; OR
- An employee/member covered under Group Employee Benefits Scheme with an activated Conventional Group Employee Benefits Scheme from AIA Bhd. or Takaful Group Employee Benefits Scheme from AIA PUBLIC Takaful Bhd., or Group Personal Accident (PA) insurance with AIA General Berhad.
In the case of A-Life Wealth Venture where the applicant is a business organisation, the policy owner/certificate owner must be one of the following:- A company with the same business registration number as a current policy owner/certificate owner of an in-force Conventional Individual Life product from AIA Bhd. or Takaful product from AIA PUBLIC Takaful Bhd. or Personal Accident (PA) insurance with AIA General Berhad; OR
- A company with the same business registration number as a company that has an in-force Conventional Group Employee Benefits Scheme from AIA Bhd. or Takaful Group Employee Benefits Scheme from AIA PUBLIC Takaful Bhd., or Group Personal Accident (PA) insurance with AIA General Berhad.
- Campaign Reward
Subject to the Terms and Conditions of this Campaign, the Eligible Policy will be entitled to 10% Premium Discount starting from second policy year till the end of premium payment term as per below table (“Campaign Reward”).
Eligible Product Campaign Reward A-Life Essential Critical Care 10% Premium Discount applicable to Total Premium payable of the Eligible Policy from Policy Year 2 till the end of the premium payment term.
Total Premium shall INCLUDE:
- Premium payable for optional rider(s); if any
- Additional premium payable due to medical condition(s); if any.
Total Premium shall EXCLUDE:
- Applicable tax imposed by the Government of Malaysia at prevailing rate for the premium(s) paid by business organisation; if any.A-Life Wealth Venture (with premium payment term 10 years and above) 10% Premium Discount applicable to Basic Premium payable of the Eligible Policy from Policy Year 2 till the end of the premium payment term.
Basic Premium shall INCLUDE:
- Additional premium payable due to medical condition(s); if any.
Basic Premium shall EXCLUDE:
- Premium payable for optional rider(s); if any.
- Applicable tax imposed by the Government of Malaysia at prevailing rate for the premium(s) paid by business organisation; if any.
- For A-Life Wealth Venture, the 10% discount on the Eligible Policy will be TERMINATED once the policy has exercised the Conversion Privilege.
- The Campaign is only applicable to application that opt to pay via payment link or pay by credit / debit card. For A-Life Wealth Venture application, where the applicant is business organisation, customer who pay with standing instruction or credit card, the bank account or credit card used must be registered under the business organisation. A copy of the bank statement or business credit card with the company name must be submitted for verification upon submission.
- If Eligible Customer makes any changes / transactions (e.g. increase / decrease of sum assured or addition / deletion of rider) to the Eligible Policy which resulted in increase / reduction of premium during the Campaign Period and / or prior to the Campaign Reward takes effect, the Campaign Reward shall be calculated based on the premium after the alteration.
- The Eligible Policy will be disqualified from this Campaign in the event of lapsed, lapsed and is subsequently reinstated, surrender, termination, or cancellation of the application whichever occurs first during the Campaign Period and / or prior to the Campaign Reward takes effect.
- The Campaign is open to AIA Existing Customers who purchased any of the Eligible Products during the Campaign Period. All applications must be submitted via iPoS (except for A-Life Wealth Venture, where the applicant is a business organisation, manual submission is allowed) during the Campaign Period and activated by 15 December 2023.
- Important Notes and Disclaimers
- This material is not intended as an offer or solicitation for the purpose or sale of any financial instrument/product. You should satisfy yourself that the policy purchased will best serve your needs and that the premium payable under this policy is an amount that you can afford. To achieve this, we recommend that you speak to your Life Planner who will perform a needs analysis and assist you in making an informed decision. You may also contact the insurance company directly for more information.
- You are advised to refer to the Product Disclosure Sheet, Sales Illustration, Fund Fact Sheet(s); if applicable, for further information before purchasing a policy, and to refer to the terms and conditions in the policy document for details of the features and benefits, waiting periods and exclusions under the policy.
- General Provisions
- You are always solely responsible for maintaining the accuracy of your information. AIAB may request for further information from you to determine the authenticity of any information provided, including whether it is fraudulent or exaggerated.
- AIAB may decline the Campaign Reward entitlement in the event any of the Terms and Conditions pursuant to this Campaign is not fulfilled. No appeal(s) will be entertained.
- AIAB shall have the right to decide all matters, and disputes concerning this Campaign including substituting the Campaign Reward with other form of gifts / rewards of equivalent value.
- AIAB shall have the right to amend the Terms and Conditions of this Campaign, and to suspend, terminate, delay or vary this Campaign with prior notice to you. The mode of notification (if any) of the amendment, suspension, termination, delay or variation shall be at AIAB's discretion, including but not limited to displaying the same in any of AIAB's website or social media sites.
- The Campaign Reward are non-transferable and any request for Campaign Reward to be credited to a third-party account will not be entertained.
Frequently Asked Questions
This Campaign offers Existing AIA Malaysia Customers with a 10% discount yearly on the premium payable for A-Life Essential Critical Care (inclusive of premium payable for rider(s)) and A-Life Wealth Venture (exclude premium payable for rider(s)) starting from the second policy year.
The Campaign Period is between 1 November 2023 and 30 November 2023, and the policy must be activated by 15 December 2023.
All Existing AIA Malaysia Customers with an active AIA Vitality membership are eligible to participate in the Campaign, subject to meeting the eligibility criteria and full underwriting requirements. Please refer to the FOREVER10 Campaign Terms and Conditions for the definition of Existing AIA Malaysia Customers.
No, the discount is only applicable to the premium payable for a basic plan and EXCLUDES A-Plus Waiver rider premium.
Yes, the discount is applicable to the total premium payable for the policy, including rider(s); if any.
The discount will start from the second policy year until the end of the premium payment term.
Customers will be notified 30 days before the 2nd policy year and will receive a letter and endorsement.
| Scenario | Year 1 | Year 2 | Year 3 till the end of premium payment term |
|
a) Existing AIA Malaysia Customers who signed up for
A-Life Wealth Venture with a premium payment term of 20 years, and with an active AIA
Vitality membership. Basic Premium payable for A-Life Wealth Venture is RM10,000 on annual payment mode. |
Basic Premium paid = RM10,000 | Basic Premium to be payable = RM9,000 (after qualified for 10% premium discount on the Basic Premium) | Basic Premium to be payable = RM9,000 (after qualified for 10% premium discount on the Basic Premium) |
|
b) Existing AIA Malaysia Customers who signed up for A-Life
Essential Critical Care and have an active AIA Vitality membership.
Total Premium payable for A-Life Essential Critical Care is RM10,000 on annual payment mode. -terminated AIA Vitality membership in Year 3. |
Total Premium paid = RM10,000 | Total Premium to be payable = RM9,000 (after qualified for 10% premium discount on the Total Premium) | Total Premium to be payable = RM9,000 (after qualified for 10% premium discount on the Total Premium, although AIA Vitality membership is terminated in Policy Year 3) |
Note: The examples illustrated above are for reference only. Please refer to the letter and Premium Discount Endorsement issued to you for the Premium Discount entitled and revised premium.
No, the 5-pay premium payment term option for A-Life Wealth Venture is not eligible for the Campaign. This Campaign is offered to applications with a premium payment term of 10 years and above.
Eligible Products
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