To commemorate Singapore's national day celebrations, AIA is offering six months of complimentary holistic insurance coverage for critical illness and mortality as well as complimentary teleconsultations to residents.
The complimentary cover includes critical illness (CI) and mortality coverage due to sickness and accident as well as complimentary teleconsultations with WhiteCoat. This will be made available to all Singaporean residents, limited to the first 15,000 sign ups starting on 5 August.
Through this initiative, AIA aims to tackle concerning protection gaps in Singapore with a significant 74% gap in CI coverage and 21% gap in mortality protection as well as help Singaporeans better achieve holistic wellness. By offering complimentary coverage, AIA Singapore hopes to strengthen the nation's social compact and ensure more Singaporeans have access to financial security during critical times, while also enhance their insurance financial literacy so that they can proactively take charge of their underinsurance gap.
The complimentary coverage will provide essential and holistic protection against unforeseen circumstances such as CI as well as death due to sickness and accident. Customers will also have access to telemedicine services at the comfort of their homes.
Additionally, this complimentary holistic insurance coverage complements AIA Health360 – built upon four pillars: Plan Well, Protect Well, Be Well, Live Well, which goes beyond basic insurance and offers a range of financial planning and digital tools, such as AIA+ and AIA Plan360, as well as compelling insurance solutions covering health, wealth and lifestyle protection needs to ensure individuals achieve their desired lifestyle, at every stage of life.
AIA Singapore chief marketing and proposition officer Irma Hadikusuma said that this initiative follows the success of AIA’s flagship protection products such as AIA Guaranteed Protect Plus (IV), AIA Pro Lifetime Protector (II) and AIA Ultimate Critical Cover, which reflects its commitment to bridge the protection gap and convince more people to take action to protect themselves and their families.
“We are eager to play a larger role in improving the holistic well-being of our society and contribute to a more resilient and thriving Singapore that lives healthier, longer, better lives,” Ms Hadikusuma said.
A study commissioned by AIA Singapore highlighted a concerning one in four respondents reported that their family member suffered from cancer, lacked a CI plan to rely on during such critical times. When faced with a critical illness, being inadequately protected can put a financial strain on both the patient and their family members.
Application opens 5 August and ends on 31 August 2024, interested applicants can sign up online, or find out more by speaking with an AIA insurance representative and existing customers can sign-up via the AIA+ app.