American International Assurance-Thailand has Launched a personal accidental policy called AIA Care Giver that ensures continued financial support to the parents of policyholders.
"The product offers policyholders who are dead or suffer from permanent disability due to accidents and can no longer afford their parent's cost of living three types of benefits," Sataya Tephunternag, general manager for agency distribution at AIA Thailand, said yesterday.
The first benefit is coverage at 60 per cent or 100 per cent of the sum insured as specified in the policy due to accidental death, dismemberment, loss of sight or total permanent disability.
If total permanent dismemberment occurs within 12 months after the accident, the policy's benefit will be 100 per cent of the sum insured.
Second is hospital benefits due to the accident and third is a monthly living benefit for the insurer's father or mother of up to Bt10,000 for 60 straight months.
PA Care Giver is available for people aged 16-60 who have a regular monthly income. AIA Thailand offers policyholders four product plans with an insured sum of Bt300,000 Bt500,000, Bt800,000 or Bt3,000, Bt5,000, Bt8,000 or Bt10,000 respectively.
The policies can be renewed until the age of 75.
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