It allows our eligible policy/certificate holders to apply to temporarily defer paying their regular premium/contribution while their insurance/family takaful protection coverage continues.
Policy/certificate holders can delay their premium payment/contribution for 3 consecutive months if his or her application for this deferment is approved by AIA. As this is not a waiver of premium/contribution programme, the policy/certificate holder will have to pay back the outstanding premium(s)/contribution(s) once the deferment has ended to make sure that the policy/certificate remains active and its sustainability is not impacted.
This deferment option is only applicable to Individual Life policies and Family Takaful certificates by AIA Bhd. and AIA PUBLIC Takaful Bhd. respectively. It is not applicable for general insurance plans provided by AIA General Berhad.
For AIA General Berhad customers, we continue to provide a 31-day grace period for Personal Accident policy premium payments to aid your financial situation and should you wish to, you may also opt to change the frequency of your premium payments, subject to the policy’s terms and conditions.