AIA continues Pension Fund partnership

Breaking News July 27, 2017 11:52

By The Nation

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AIA Thailand has signed a memorandum of understanding with the Government Pension Fund (GPF) to extend the partnership for another two years.



GPF members, GPF employees and their families will be protected under the Pragun Cheewit Piam Sook programme. 

AIA has offered wide variety of protection choices to GPF members and their families through a comprehensive range of life insurance plans to meet their different needs at different stage of life, including long-term protection plan, endowment, annuity and critical illness insurance plans. 

The signing ceremony was held at Sheraton Grande Sukhumvit Hotel yesterday.

“We are very pleased that AIA Thailand has been selected to join Pragun Cheewit Piam Sook for 12 years, whereby AIA would offer life insurance benefits to over a million GPF members and their families,” chief executive Tan Hak Leh said. “We are proud to help GPF members plan for their financial security through more than 450,000 policies to date. 

“This year AIA offers eight insurance products that have been specially developed to better respond to the needs of consumers in the Thailand 4.0 era, where Thais are more aware of their health. And, due to the healthcare trends, we have added the AIA Vitality programme, which encourages people to start living healthier lifestyles and taking charge of their own health so they can live longer, healthier and better lives. 

“Customers can select the basic policy along with CI Riders, which is either ECIR or Health Cancer for their cover. In addition, customers can enjoy a 5-per-cent discount on the first-year premium of CI riders as well as the benefits through our exclusive network of partners.”

Due to increasing risks of health problems, especially critical illnesses that can cause death, AIA has introduced CI SuperCare to help lessen members’ financial burden, Tan said. 

“There are more than 300,000 deaths a year from non-communicable diseases such as diabetes, high blood pressure, heart disease, stroke and cancer, while the treatment costs are rising every year due to advances in medical technology. 

“Having adequate CI coverage is essential. AIA CI SuperCare provides policyholders lifetime protection, or up to the age of 99, whereby they can choose to pay premiums for either 10 or 20 years with the fixed rate throughout the contract period.”

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