AIA Australia (AIA) is set to release a significant round of enhancements to its Priority Protection risk products range, effective from 1 December 2009.
While further details are still to be released, riskinfo understands AIA’s updated offer will include:
- Enhancements to AIA’s Business Expenses product
- Enhancements to the insurer’s Income Protection range
- Increased maximum ceasing ages and increased sum insured limits for certain benefits
- Key crisis (trauma) events and conditions re-defined from the client perspective
… this update will see no increase in premiums …
In addition, this update will see no increase in premiums across AIA Australia’s Priority Protection product range.
AIA will release more information to advisers about these and other initiatives, in the coming weeks.
Meanwhile, AIA Australia (now a subsidiary of the Asian-based AIA Group) has been quietly settling into its new national headquarters located on Melbourne’s St Kilda Road. While its new location is literally next door to its previous building, its relocation is another step in distancing AIA Australia from its former US-based parent, AIG.
The insurer has also announced the appointment of the new CEO of its Australian operations, Damien Green. Mr Green has been GM Insurance at AIA for the last two years.
