PRODUCT DISCLOSURE SHEET

PLEASE READ THIS PRODUCT DISCLOSURE SHEET BEFORE YOU DECIDE TO TAKE UP AIA One Plan. BE SURE TO ALSO READ THE GENERAL TERMS AND CONDITIONS.
  1. What is this product about?

    AIA One Plan is a term plan which covers death and total and permanent disability for 1 year.

  2. What are the coverage/benefits provided?

    This plan covers:

    Description Benefit
    Death Benefit RM{{SumInsured}}
    Total and Permanent Disability Benefit RM{{SumInsured}}

    Duration of coverage: 1 year

  3. How much premium do I have to pay?

    The total premium that You have to pay is {{Premium}} {{PaymentMode}}.

    You should satisfy yourself that the premium payable under the policy is an amount that you can afford.

    This premium is guaranteed.

  4. What are the fees and charges that I have to pay?

    There are no fees and charges other than the premiums payable.

  5. What are the items subject to Goods and Services Tax?

    This plan is not subject to Goods and Services Tax.

  6. What are some of the key terms and conditions that I should be aware of?

    1. Importance of disclosure- You must disclose all material facts such as medical condition, and state your age correctly.
    2. Free Look Period- You may cancel your policy by returning your policy contract and giving a written request  signed by you to AIA Bhd. within fifteen (15) days after you have received your policy contract. The premiums that you have paid less medical expenses (if any) will be refunded

    Notes:

    1. It may not be advantageous to switch from one insurance plan to another, as you may be subject to new underwriting requirements, full waiting period and any applicable period for the exclusion of specified illnesses / pre-existing conditions of the new policy.
    2. The terms and conditions as stated in this Product Disclosure Sheet are not exhaustive. Please refer to the policy contract for the full list of terms and conditions.

     

  7. What are the major exclusions under this policy?

    Any death arising from the occurrence of the following is not covered:

    1. Death due to suicide within one (1) year from the issue date or commencement date of the policy, whichever is later. AIA Bhd.’s liability shall be limited to the refund of premiums paid without interest. Thereafter, this policy shall be terminated.

    Any Total and Permanent Disability arising from the occurrence of the following is not covered:

    1. willful exposure to danger or attempted self-destruction or self-inflicted injuries while sane or insane;
    2. services in the armed forces in time of declared or undeclared war or while under orders for warlike operations or restoration of public order;
    3. entering, exiting, operating, servicing, or being transported by any aerial device or conveyance except when the Insured is a fare-paying passenger or crew member on a commercial passenger airline on a regular scheduled passenger trip over its established passenger route;
    4. any congenital defect which has manifested or was diagnosed before the insured attains seventeen (17) years of age; or
    5. any disability resulting from a physical or mental condition which existed before the issue date or commencement date of the policy, whichever is later, which was not disclosed in the application or health statement.

    Note: This list is non-exhaustive. Please refer to the policy contract for the full list of exclusions

  8. Can I cancel my policy?

    Buying this term life policy requires your financial commitment for one (1) year. This policy does not have any cancellation option after the free look period and your policy will automatically be terminated at the end of the coverage term.

  9. What do I need to do if there are changes to my contact details?

    It is important that you inform AIA Bhd. of any change in your contact details to ensure that all correspondences reach you in a timely manner.

  10. Where can I get further information?

    Should you require additional information about life insurance, please refer to the insuranceinfo booklet on 'Life Insurance', available at all AIA Bhd.'s branches or you can obtain a copy from the insuranceinfo website www.insuranceinfo.com.my.

    If you have any enquiries, please contact AIA Bhd. at:

    AIA Bhd. (790895-D)
    Menara AIA, 99 Jalan Ampang
    50450 Kuala Lumpur
    Care Line: 1 300 88 1899
    Tel: 03 - 2056 1111
    Fax: 03 – 2056 3891
    Email: my.customer@aia.com
    Website: AIA.COM.MY

    AIA Bhd. is licensed under the Financial Services Act 2013 and regulated by Bank Negara Malaysia.

  11. Other similar type of plans available

    Please contact AIA Bhd. for other similar types of plans that we offer.

    IMPORTANT NOTE: BUYING A LIFE INSURANCE POLICY IS A LONG-TERM FINANCIAL COMMITMENT. YOU MUST CHOOSE THE TYPE OF POLICY THAT BEST SERVES YOUR NEEDS. YOU SHOULD READ AND UNDERSTAND THE INSURANCE POLICY AND CONTACT AIA BHD. DIRECTLY FOR MORE INFORMATION. 


    THIS PRODUCT DISCLOSURE SHEET CONTAINS A SUMMARY OF THE PRODUCT AND IS NOT A CONTRACT OF INSURANCE. THE POLICY CONTRACT SHALL ALWAYS PREVAIL OVER THIS DOCUMENT.

    The information provided in this disclosure sheet is valid as at {{currentDate}}.