Phnom Penh, December 8 2020 – AIA (Cambodia) Life Insurance Plc (“AIA Cambodia”) offers an additional USD500 of hospitalization benefits for policy holders tested positive of COVID-19, and USD5,000 in death benefits for loss of life due to the virus. The additional amounts are added on top of existing coverage and benefits for all active individual and group policies. The offer is effective from December 7, 2020 to March 31, 2021.
Pauline Teoh, Chief Executive Officer of AIA Cambodia said: “Our policyholders remain our top priority and we are determined to lighten any financial burden that may arise during such challenging times.
“AIA Cambodia is committed to fighting COVID-19 alongside all Cambodians and the government and will look to provide as much support as possible.”
This is the second time AIA Cambodia has provided their policyholders additional Covid benefits, with the first offer made in March. This gesture of goodwill is to help reduce the struggles people faced during the pandemic and provide financial protection for them to fall back on in times of need.
About AIA Cambodia
AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance group. It has a presence in 18 markets in Asia-Pacific – wholly-owned branches and subsidiaries in Hong Kong SAR, Thailand, Singapore, Malaysia, Mainland China, South Korea, the Philippines, Australia, Indonesia, Taiwan (China), Vietnam, New Zealand, Macau SAR, Brunei, Cambodia, Myanmar, a 99 per cent subsidiary in Sri Lanka, and a 49 per cent joint venture in India.
The business that is now AIA was first established in Shanghai a century ago in 1919. 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$284 billion as of 31 December 2019.
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 36 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”).