AIG Instant Life Insurance
Date Reviewed: 14.05.2019
What is the minimum acceptable age at commencement when applying for AIG Instant Life Insurance?
The minimum age at entry is 17 attained.
What is the maximum age attained at commencement of insured for AIG Instant Life Insurance?
The maximum age at entry is 55 attained.
What is the minimum policy term for AIG Instant Life Insurance?
The minimum term is 3 years.
What is the minimum sum assured for AIG Instant Life Insurance?
This will depend on the client's age and the minimum premium.
What is the maximum sum assured for life cover only and where accelerated CIC is included for AIG Instant Life Insurance?
Maximum amount of insurance you can buy:
Maximum or minimum -Term Assurance
Age 17-45 £600,000
Age 46-55 £350,000
Is there an additional critical illness cover for AIG Instant Life Insurance?
Not applicable.
What is the minimum acceptable monthly premium for AIG Instant Life Insurance?
The minimum premium is £3.50 per month.
What are the additional benefits with AIG Instant Life Insurance?
Fracture Cover – No
Donor Cover – No
Other benefits – No other benefits are available.
Sum assured in instalments - The sum assured is payable as a lump sum.
Large case discount available - A large case discount is not available.
What is the total number of critical illnesses conditions covered by AIG Instant Life Insurance?
The plan does not provide critical illness benefit but will pay out on the diagnosis of a terminal illness.
What are the exclusions applicable to critical illness cover with AIG Instant Life Insurance?
This is not applicable as critical illness benefit is not available.
Would I be excluded from AIG Instant Life Insurance if
- I worked in armed force - Not excluded.
- Had pre-existing condition – Not excluded
Are there Virtual GP Services for AIG Instant Life Insurance?
No
Are there any claims support services for AIG Instant Life Insurance?
Support during a claim
If AIG has agreed that the person claiming may have a valid claim, they may pay up to £300 for services that support the person covered or their family. The services that are covered by this support payment will depend on the circumstances but could range from physiotherapy or counselling to the cost of taking taxis to hospital appointments.
AIG needs to approve the services, and agree their cost, before they are used. Whether AIG approves the service depends on the situation of the person covered and the advice of their doctor. AIG will refund the cost as soon as they have received the receipts for the services that they agreed.
The claims adviser will explain the services that we can pay for.
Please remember that if AIG pays for support services, it does not necessarily mean they will approve a claim on your cover.
They will not pay for support services in relation to a Waiver of Premium claim.
Any payments made under the claims support fund will not be deducted from the benefit payable.
Winston's Wish
Anyone with children who makes a call to claim, due to a death or terminal illness have the added comfort of access to bereavement support if they choose.
Winston's Wish is a leading UK charity offering practical support and guidance to bereaved children, young people and their families.
The added-value service will be dependant on the individual's needs, in other words those of the children and remaining parent or carer and can range from advice over the phone to one to one support sessions and residential courses, as long as they can provide Winston's Wish with the relevant policy details.
What can you get in terms of Health & wellbeing services with AIG Life Instant Life Insurance?
No
To find out more about AIG Life and our other Life insurance providers call us today on 0800 862 0373 or get a quote now
* Information about the AIG Life Instant Life Insurance product is provided by Defaqto and is correct as of the review date stated
