Business Daily Media

The Times Real Estate

.

AIA Singapore celebrates national day with free 6-month holistic insurance to bridge Singapore’s protection gap

In celebration of Singapore’s 59th birthday, AIA will offer six months of complimentary holistic insurance coverage for critical illness and mortality as well as complimentary teleconsultations to individuals who successfully sign up in August.

SINGAPORE - Media OutReach Newswire - 25 July 2024 - AIA Singapore today announced that as part of its national day celebration, it will offer six months of complimentary holistic insurance coverage, including critical illness (CI) and mortality coverage due to sickness and accident as well as complimentary teleconsultations[1] with WhiteCoat. This will be made available to all Singaporean residents[2], limited to the first 15,000 sign ups starting on August 5.

AIA Singapore aims to tackle concerning protection gaps in Singapore with a significant 74% gap in CI coverage[3] and 21% gap in mortality protection[4] 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.

This initiative aligns with AIA Singapore's ongoing commitment to enabling individuals and families to live "Healthier, Longer, Better Lives". 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 key 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.

Irma Hadikusuma, Chief Marketing and Proposition Officer, AIA Singapore, said, "This initiative follows the success of our flagship protection products such as AIA Guaranteed Protect Plus (IV), AIA Pro Lifetime Protector (II) and AIA Ultimate Critical Cover, which reflects our 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."

A study commissioned by AIA Singapore[5] 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.



The six months complimentary coverage covers:

Benefits
Coverage per insured person
Coverage for 37 Critical Illnesses
S$10,000
Death due to Sickness
S$10,000
Accidental Death due to Accident
S$20,000
Teleconsultation Benefit via WhiteCoat
As Charged, up to 2 visits (exclude medication and delivery costs of medication)


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 receive a complimentary Godiva soft serve ice cream. Existing customers can sign-up via the AIA+ app.



[1] Teleconsultation Benefit via WhiteCoat - As Charged, up to 2 visits (exclude medication and delivery costs of medication).

[2] Customers who are eligible for the six months complimentary holistic insurance coverage offered under AIA's "Protection as One" national day campaign:

(i) Must be a Singapore Resident; and
(ii) Must be aged between 18 and 55 (age last birthday); and
(iii) Is not a citizen of a sanctioned country, or a Prohibited Person.

[5] AIA Singapore Critical Illness Study. N=300.

Hashtag: #AIASingapore

The issuer is solely responsible for the content of this announcement.

About AIA

AIA Group Limited and its subsidiaries (collectively "AIA" or the "Group") comprise the largest independent publicly listed pan-Asian life insurance group. It has a presence in 18 markets – wholly-owned branches and subsidiaries in Mainland China, Hong Kong SAR[1], Thailand, Singapore, Malaysia, Australia, Cambodia, Indonesia, Myanmar, New Zealand, the Philippines, South Korea, Sri Lanka, Taiwan (China), Vietnam, Brunei and Macau SAR[2], and a 49 per cent joint venture in India. In addition, AIA has a 24.99 per cent shareholding in China Post Life Insurance Co., Ltd.

The business that is now AIA was first established in Shanghai more than a century ago in 1919. It is a market leader in Asia (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$286 billion as of 31 December 2023.

AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia, AIA serves the holders of more than 42 million individual policies and over 18 million participating members of group insurance schemes.

AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock codes "1299" for HKD counter and "81299" for RMB counter with American Depositary Receipts (Level 1) traded on the over-the-counter market under the ticker symbol "AAGIY".



[1] Hong Kong SAR refers to Hong Kong Special Administrative Region.
[2] Macau SAR refers to Macau Special Administrative Region.

News from Asia

Backbase and Synpulse partner to accelerate banking transformation across APAC

Combining Backbase's Engagement Banking Platform with Synpulse's regional expertise to deliver customer-centric solutions SINGAPORE - Media OutReach Newswire - 13 March 2025 - Backbase, the leade...

Technology driving positive outlook for Malaysian small businesses

Malaysia’s small businesses lead the region in innovation Younger entrepreneurs dominate small business landscape AI investment on the rise ...

ST Telemedia Global Data Centres Accelerates AI Ambitions, Achieves Certification under NVIDIA DGX-Ready Data Center Program

SINGAPORE - Media OutReach Newswire - 13 March 2025 - ST Telemedia Global Data Centres (STT GDC), one of the world's fastest-growing data centre colocation service providers headquartered in Singa...

HL Assurance Becomes First in Singapore to Launch Core Travel Insurance Coverage Add-Ons

HL Assurance addresses key concerns for the modern traveller in their new combination of essential travel insurance add-ons. SINGAPORE - Media OutReach Newswire - 13 March 2025 - Singaporeans can ...

USPACE Partners with AICO to Launch 6,000-Satellite Constellation Plan

— Hybrid Constellation Focused on Direct Mobile-Satellite Connectivity to Empower “Belt and Road” Digital Future HONG KONG SAR - EQS Newswire - 13 March 2025 - At the "100 Satellites" exhibition he...

Octa broker receives the 'Best use of AI in fintech' award

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 8 March 2025 - OctaTrader, Octa broker's proprietary trading platform, was recently awarded for the 'Best Use of AI in Fintech 2025' by Global Bu...

Visa offers seamless tap-to-ride experiences for Visa cardholders on Ho Chi Minh City Metro Line 1

HO CHI MINH CITY, VIETNAM - Media OutReach Newswire - 13 March 2025 - Visa (NYSE: V), a global leader in digital payments, has continued its role as an Official Co-sponsor of the Inauguration Cer...

Make a Splash This Summer: Celebrate Water and Culture at Five Iconic Bangkok Destinations with ONESIAM

ONESIAM’s Songkran celebrations, part of Siam Piwat’s guest experience program, offer tourists an elevated summer journey through culture, tradition, and immersive festivities BANGKOK, THAILAND - ...

DHL Express Hong Kong becomes the Official Partner of Kai Tak Sports Park

Both parties will collaborate to drive the growth of sports and entertainment events to the city and help to foster the development of Hong Kong into a premier hub for mega live events ...

Henkel presents the next edition of the Martha Schwarzkopf Award for outstanding female scientists

DÜSSELDORF, GERMANY - Media OutReach Newswire - 13 March 2025 - For the fourth time, Henkel is proud to present the Martha Schwarzkopf Award for Women in Science, dedicated to supporting and empow...

Incode joins Australia’s Age Assurance Technology Trial to protect children online

With a market-leading +99% accuracy rate, Incode will play a key role in safeguarding Aussie minors on social media Incode Technologies Inc., a...

Empowering small businesses: Localsearch rolls out affordable digital solutions

New suite of digital solutions designed to boost visibility, engagement, and customer acquisition In response to a rapidly evolving digital lan...

Why Responsible Leadership is a Competitive Advantage for Small Businesses

In today’s fast-changing business landscape, leadership is evolving. While large corporations are reassessing their diversity, equity, and inclusi...

Why it’s a great time to include the EU in your export push

With the US market beset with unknowns, training your sights on mainland Europe in 2025 makes sound sense. Wondering whether the introduction o...

Success Isn’t About Labels—It’s About Mindset

In the lead up to International Women’s Day, I’ve been reflecting on my own success as a business owner and whether or not being a woman has playe...

Accelerate Action- Thryv champions women in business for International Women’s Day

Thryv® (NASDAQ: THRY), provider of the leading small business software platform, is celebrating International Women’s Day by shining a spotlight o...

Sell by LayBy