AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest, independent, publicly listed, pan-Asian life insurance group. The AIA group established its operations in Hong Kong in 1931 and since then has been a leading provider of group health and life cover, mainly for the local market. This is through their leading product, AIA Group Managed Healthcare. Under this broad heading come the various components:
- AIA Group Hospitalisation and Surgical – This includes a level of cover for surgical fees, ICU, daily room and board etc.
- AIA Group Extended Major Medical – Offers a level of cover for prolonged hospitalization or major surgery.
- AIA Group Specialist Outpatient – Cover for an outpatient specialist consultations and diagnostic visits.
- AIA Group Clinical Outpatient – Cover for minor outpatient treatments, basic diagnostic tests and access to a wide network of more than 200 clinics.
- AIA Group Maternity and Obstetrical – Cover for hospital charges associated with the birth of a child, either normally or via a C-section.
- AIA Group Dental – Cover for certain dental procedures and access to a cashless network of dentists.
It has a presence in 18 markets in Asia-Pacific:
- wholly-owned branches and subsidiaries in:
- Hong Kong,
- the Philippines,
- New Zealand,
- a 97 per cent subsidiary in Sri Lanka,
- a 26 per cent joint venture in India and
- representative offices in Myanmar and Cambodia.
The business that is now, AIA was first established in Shanghai over 90 years ago.
It is a market leader in the Asia-Pacific region (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$172 billion as of 31 May 2015.
AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans.
The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia-Pacific, AIA serves the holders of more than 29 million individual policies and over 16 million participating members of group insurance schemes.
AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code “1299” with American Depositary Receipts (Level 1) traded on the over-the-counter market (ticker symbol: “AAGIY”).
AIA Macau is a branch of AIA International Limited (incorporated in Bermuda with limited liability) and is an authorized insurer and private pension fund manager in Macau since 1982.
AIA International Limited is a member of AIA Group Limited whose primary insurance regulator is the Hong Kong Office of the Commissioner of Insurance (HKOCI). AIA Macau’s operations are overseen and regulated by the Monetary Authority of Macau (AMCM).
Key Benefits of the AIA CEO Medical Plan (Worldwide) 2 are :
Worry-free Worldwide Cover
Subject to an Overall Lifetime Limit of HK$/MOP50,000,000, AIA will cover medical costs incurred in any coverage year up to the maximum Annual Limit of HK$/MOP20,000,000.
The covered inpatient medical costs include:
- hospital daily room and board charges,
- surgical charges,
- physicians’ and specialists’ fees,
- intensive care unit charges,
- chemotherapy and radiotherapy treatment.
Lifetime Guaranteed Renewable Cover - Provided AIA does not discontinue the plan
This CEO plan may be renewed annually during the lifetime of the insured, PROVIDED THIS PLAN CONTINUES TO BE AVAILABLE
This 'Guaranteed renewal for as long as the plan is available' is the approach taken by Allianzworldwidecare and Bupa Global, with its new 2015 range of plans and stands in marked contrast to the BUPA IHI and Globalhealth Pallas plans, where renewal is guaranteed.
Note: As with other medical plans, the renewal premium will be based on the attained age of the Insured and the applicable premium table upon renewal. Such premium table is NOT guaranteed and is subject to change. AIA reserves the right to revise the benefit structure and / or any other product features as determined by us, on any Policy Anniversary Date or renewal by giving a 30-day prior written notice.
Outpatient Surgical Benefits
AIA will cover the costs of outpatient surgeries and related consultation fees.
AIA has specially selected a medical network made up of independent, multi-disciplinary specialists who are committed to delivering high quality, efficient and professional services.
AIA's specialist network provides: a dedicated 24-hour medical service hotline to provide you with support at any time of the day or night and offers a priority appointment booking at its network of clinics. The network hotline can also help with your hospitalization or day surgery needs and facilitate the placing of a guarantee of payment.
Credit Facility Arrangement for Hospitalization
In the event that you are hospitalized, AIA offers a credit facility arrangement for your complete peace of mind.
Once this credit facility service has been successfully arranged, AIA will settle payment directly with the hospital.
AIA 'CEO plan provides the following benefits to help you obtain the very best care available:
- Post-Hospitalization / Outpatient Surgery
- Outpatient Consultation
- Post-Surgery Home Nursing Benefit
- Rehabilitation Benefit Hospice Care Benefit
Extended Benefit Cover
AIA offers the following extended benefits to help cover you under more circumstances:
- Pre-Hospitalization / Outpatient Surgery
- Outpatient Consultation
- Chemotherapy and Radiotherapy Benefit
- Dialysis Benefit HIV / AIDS Treatment Benefit (available after five years of continuous cover)
- Mental or Nervous Disorder Benefit
Reconstructive Surgery Benefit
To provide you with better protection, AIA will also reimburse the surgical expenses incurred in the unfortunate event that Reconstructive Surgery is required due to a Covered Injury caused by an Accident or after mastectomy to restore the function of a body part or the appearance.
The cost of external or prosthetic device or reconstructive materials implanted as part of the surgery is also covered.
Optional Outpatient and Dental Benefits
Under AIA's outpatient rider, you will be fully reimbursed for up to 45 outpatient consultation visits per year, and can be fully reimbursed for diagnostic procedures and laboratory tests.
AIA also covers your medical checkup and vaccination costs up to HK$/MOP2,400 per year.
Under the dental rider, your dental treatment is fully covered up to a limit of HK$/MOP12,000 per year.
Compassionate Death Benefit
AIA will provide a Compassionate Death Benefit to the nominated beneficiary, regardless of the cause of of an insured member's death.
Worldwide Emergency Assistance Services
You are covered for up to HK$/MOP1,000,000 of emergency assistance services under this plan. If you suffer serious injury or sickness while travelling outside Hong Kong or Macau, AIA's service provider, AIA International Assistance Services (“AIAS”), will help arrange for emergency medical evacuation to the nearest appropriate medical facility, if necessary.
If you are hospitalized for more than five consecutive days, AIAS will arrange for an immediate family member to look after you (if you are not already accompanied by a family member) and / or arrange for the return of any minor children to Hong Kong or Macau (if they are travelling with you on the trip).
In the event of death while you are outside Hong Kong or Macau, AIAS will arrange for the repatriation of the remains.
Different plans to fit different needs
AIA offers three plans with different levels of deductibles to best suit your lifestyle and needs. Whether you are looking for full protection or need top-up cover to supplement your current medical plan, you can rest assured that you will be well cared for with the CEO Medical Plan (Worldwide) 2.
In addition, if you are not planning to seek medical care in the United States, you can select AIA's CEO Medical Plan 2, which excludes coverage from the United States.
You will still enjoy the same benefits in other countries as you do under the worldwide plan, but at a more attractive premium.
Flexible versions available to suit your needs
The CEO Medical Plan (Worldwide) 2 can be taken either as a standalone insurance policy, or as a rider on specified basic life insurance plans.
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AIA's various Critical Illness policies
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AIA offers a range of Employee Benefit plans, such as :
- Group Life
- Group Medical
- Group Travel
- Group Personal Accident
AIA also provides a range of 'All in one' plans for Small and Medium Enterprizes (SME's) and is one of the few providers in the market providing Voluntary Scheme plans.
For group clients, AIA's service pledge is:
- Claims processed within 7 working days
- Policy issuance within 14 working days
Most commonly our clients are looking initially for medical insurance and in this area, AIA offers
- An Executive Programme - specifically for health care - the CEO PRO and
- A General Staff Programme - offering elements of life, critical illness, accident and dental cover - the CEB PRO.
1. CEO PRO : For your most privileged executives
Note: Staff leaving have the option to transfer to the Individual CEO plan if leaving before age 65
2. CEB PRO : For your General Staff