AIA rolls out tweaked level policy

It says the new product is designed to give policyholders “lifelong protection with certainty and flexibility.“

Customers choose their level of cover and a premium payment term that suits their plans, AIA Chief Product and Marketing Officer Alex Kühnast says.

“Once the term ends, premiums stop but cover continues for life. The premiums are fixed for the term and don’t go up with age.”

“A defining feature of the product is the ability to stop paying premiums once at least half the term has been paid for, and the policy will continue with a reduced cover amount. This gives customers a practical way to flex and maintain protection as their circumstances and cover needs change.”