AIA Life Protector 80 (Non Par) for Protection

AIA Life Protector 80 (Non Par), or "AIA Life Proteter 80 (No Dividend)" of AIA Thailand, has the following information:

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# # Product description AIA Life Protector 80 (Non Par)

# # # Insurance type

- Non-Dividend Life Insurance

- Protection of life to the age of 80.

- Pay the premium to the age of 80.

# # # Coverage

- Provide life coverage for 100% of the insured amount.

- Receive a refund every 3 policy years (or perhaps less than 3 policy years in case of contract maturity), with the refund calculated on 2% of the standard premium sum for that period.

- Receive a health bonus based on the status of the insured in the AIA Vitality Profession Program, which is a health promotion program.

# # # AIA Vitality Project

- It is a scheme for health lovers that rewards and discounts premiums based on the health care outcomes of the insured.

- The health bonus is paid every 3 policy years as well as a refund. By the rate, the health bonus depends on the status in the scheme (Bronze, Silver, Gold, Platinum), which has points accrued according to the health activity done.

- There is a maximum premium discount of up to 25% depending on status in the AIA Vitality Scheme.

- 10% first-year premium discount for those who purchase 3 or more vitality programs on the same policy.

# # # Underwriting age and minimum insurance

- Guaranteed age 18 - 60 years old.

- Minimum Insurance Amount 500,000 Baht

# # # Example of calculating premiums and returns

# # # # Table of premium rate per year per 1,000 baht

- Example 30 years old: male 13.84 baht / 1,000 baht per year, female 10.46 baht / 1,000 baht per year

- If a man aged 30 buys coverage of 1,000,000 baht, the annual premium = 1,000 * 13.84 = 13,840 baht.

# # # # Refund and health bonus sample

- By rebate every 3 years, policy = 2% of the standard premium sum over 3 years.

- Health bonuses are calculated according to status in AIA Vitality projects such as

- Bronze 3%

- Silver 8%.

- Gold 13%

- Platinum 18%

- For example, the insured pays a standard premium of 13,840 baht per year during three years = 41,520 baht.

- Refund every 3 years = 2% x 41,520 = 830.40 baht

- Health bonus (if 18% Platinum status) = 18% x 41,520 = 7,473.60 Baht (Paid at maturity of policy year)

# # # # Premium discount by insured status (AIA Vitality status)

- For first year allowance, 10% discount

- Next year, you will receive a status discount. For example, if you earn Gold points, you will receive a 2% discount depending on your points.

# # # Cautions and conditions

- The insured applicant shall make a statement of truth and no facts shall be concealed.

- The company has the right to give up the policy and not pay claims if the truth or false statements are concealed.

- This life insurance is not a deposit and there are restrictions on policy expropriation. It may be paid less than the allowance paid when expropriating the policy.

# # # Product highlights

- Coverage up to the age of 80.

- Periodically refunded every 3 years and receive a health bonus based on the results of self-care in the Vitality Scheme.

- Payment premiums up to the age of 80, which helps spread the burden.

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# # Summary and Demo Sample (Case Study)

- Mr. Strong, 30 years old, male, needs life protection, $1,000,000.

- Annual premium by schedule = 13.84 x 1,000 = 13,840 baht

- Suppose Mr. Strong is an AIA Vitality Project member and has Bronze status:

- Refund every three years, policy = 2% of 3 years premium = 830.40 baht.

- 3% health bonus of 3 years premium = 1,245.60 baht (paid at the expiration of the contract)

- Mr. Strong continues to pay premiums until the age of 80 (50 policy years), will receive a refund and a cumulative health bonus continuing at this rate until the completion of the contract.

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# AIA health insurance # Aia insurance # Aia life insurance # Lethal disease insurance aia # AIA Life Insurance