AIG Critical Illness Insurance

AIG (American International Group) Critical illness insurance provides you with a lump sum should you suffer from any of the critical illnesses covered by the policy, such as cancer, a stroke or a heart attack. You’re also protected if you undergo one of the serious medical procedures listed in the policy, like a major organ transplant. You can use the money in any way you choose and the money is paid tax-free.
Your children are covered as standard. And if your employer has chosen this, you’ll also be covered if you’re not able to work because of a total permanent disability.

AIG Critical Illness Insurance Details

Coverage Details: AIG’s critical illness insurance is designed to provide financial protection in the event of a covered critical illness. Commonly covered conditions may include cancer, heart attack, stroke, organ transplant, and others.

Policy Features: AIG’s critical illness insurance policies typically offer a lump-sum payment upon the diagnosis of a covered condition. The policyholder can use the funds as needed, whether for medical expenses, living expenses, or other financial obligations.

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Exclusions and Limitations: Like any insurance policy, critical illness insurance may have exclusions and limitations. It’s crucial to review the terms and conditions of the policy to understand what is covered and any conditions or situations that may not be covered.

Underwriting Requirements: Insurers may require applicants to undergo medical underwriting to assess their health status before issuing a critical illness insurance policy. The premium may be based on factors such as age, health history, and coverage amount.

Policy Cost: The cost of AIG’s critical illness insurance will depend on various factors, including the coverage amount, the insured’s age, and health status. It’s essential to obtain a quote based on your specific circumstances.

What AIG Critical Illness Insurance Covered;
There are two kinds of conditions we cover – assembled conditions,which proposition cover for different diseases or medicines under one heading, and named conditions.

Grouped conditions:
• Blindness or removal of an eyeball – permanent and irreversible
• Brain injury – resulting in permanent symptoms
• Degenerative neurological disorder – of specified severity
This includes conditions like Alzheimer’s disease, dementia, motor neurone disease and Parkinson’s disease
• Loss of use of a limb
• Lung disease or removal – as specified
• Reduced heart function – of specified severity
• Surgery to the heart, aorta or pulmonary artery – as specified
This includes conditions like aorta graft surgery, cardiac arrest, coronary artery bypass grafts, heart valve
replacement or repair and open heart surgery
• Surgery via the skull – as specified

Named conditions:
Angioplasty – requiring treatment to multiple coronary vessels
• Bacterial meningitis – resulting in permanent symptoms
• Balloon valvuloplasty
• Benign brain tumour – resulting in permanent symptoms or specified treatment
• Benign spinal cord tumour – resulting in permanent symptoms or specified treatment
• Cancer – excluding less advanced cases and including aplastic anaemia
• Cancer – second and subsequent
• Coma – of specified severity
• Deafness – permanent and irreversible
• Encephalitis – resulting in permanent symptoms
• Heart attack – of specified severity
• Kidney failure – requiring permanent dialysis
• Liver failure – end stage
• Loss of independence – of specified severity (for adults only)
• Major organ transplant – from another donor
• Multiple sclerosis or Neuromyelitis optical (Devic’s disease) – where there have been symptoms
• (Chronic) Rheumatoid arthritis – resulting in the loss of ability to do specified physical activities
• Stroke – of specified severity
• Systemic Lupus Erythematosus (SLE) – of specified severity
• Terminal illness – where death is expected within twelve months
• Third degree burns – covering 20% of the body’s surface area or 20% of the face’s surface area

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How Much Cover Can I Have?
The single amount can be a proper sum or a different of your compensation, up to £500,000.  The measure of cover accessible will be indicated by your manager.

AIG Critical Illness Insurance Contacts;

To get detailed information about AIG’s critical illness insurance policies, you can visit the official AIG website or contact AIG directly. You may also consider reaching out to licensed insurance agents or brokers who can provide guidance on available options and help you understand the terms of the policy.

Remember to thoroughly review the policy documents, ask questions, and ensure that the coverage meets your specific needs before making a purchase. Insurance products and terms may change over time, so checking with AIG or their authorized representatives for the latest information is advisable.

For adaptable advantage plans, you’ll have the option to pick from a scope of fixed sums or pay products so that your cover accommodates your monetary requirements.

Have a question or need to complain?
If you have any questions about your cover, please contact
your employer in the first instance.
If you’d like to ask us a question or make a complaint, please
contact our Group Complaints Team:
AIG Life Limited
The AIG Building
58 Fenchurch Street
London
EC3M 4AB
groupcomplaints@aiglife.co.uk

website
0330 303 9974
(calls may be recorded for training and monitoring purposes)
If you’re still dissatisfied following a formal response to your
complaint, you can approach the Financial Ombudsman
Service at:
Financial Ombudsman Service Ltd
Exchange Tower
London
E14 9SR
Tel 0800 023 4567

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