AIG

American International Group, Inc. (AIG) is a leading global insurance organisation that offers a wide range of insurance and financial services in approximately 70 countries.

It has a strong presence in South Africa, where it has been operating since 1962, initially working on the construction of the Gariep Dam. Today, AIG insures top businesses, government organisations, mid-sized and smaller companies, as well as individuals throughout the country.

Trustworthy and innovative

With offices across South Africa, they’ve earned a reputation for trustworthiness and innovation, offering a broad range of products. The company leverages its international expertise to enhance its local offerings and expand into Africa.

World-class quality customer service

AIG has a dedicated client engagement team that focuses on meeting the needs of large multinational clients. They provide tailored global and domestic solutions for insurance, risk financing, and organisational risk management.

They believe in building strong partnerships with brokers and clients to better understand their needs, create long-term value, and offer sustainable solutions. The company is committed to recognising the factors that drive value for you and effectively communicating specific requirements related to solution architecture and delivery.

What they can offer you

They offer a wide range of insurance products and services to meet the diverse needs of you and your business. The company's offerings include cancer care that allows you to ensure your financial stability during cancer recovery with comprehensive coverage that provides a 100% payout upon diagnosis and full coverage at any stage of the illness.

They also offer critical illness cover that alleviates financial burdens during unforeseen illnesses by opting for this plan, offering 100% coverage and payouts for five critical illnesses.

Lifetime personal accident cover protects you and your family in case of injury or death that prevents you from earning an income is also available from AIG. This plan provides immediate expense coverage of up to R1 million, with four unique plans and an additional 50% benefit. Their Daily health benefit eliminates concerns about daily expenses during hospitalisation with this plan, which provides a daily cash payout when it matters the most.

AIG offers you a range of insurance products and services designed to provide you and your business with peace of mind when you’re faced with unexpected events. One of their most popular insurance offerings is critical illness coverage.

The AIG critical illness cover benefits

Signing up for critical illness coverage with AIG is a simple process that only requires a quick call and a health declaration. You can customise your payouts according to your needs, with options ranging from R50 000 to R300 000.

Affordable family cover plans are available to ensure comprehensive protection for you and your spouse. You can also safeguard your financial health in the event of hospitalisation in the intensive care unit (ICU) due to a serious contagious disease.

What do they cover and what is the coverage amount?

AIG’s critical illness coverage will have you covered for cancer, initial heart attack, stroke, heart disease that requires a bypass graft and kidney failure. They also provide cover for serious contagious diseases.

If you and your spouse are between the ages of 18 and 55, you can receive coverage ranging from R50 000 to R300 000. The coverage provides a full payout upon the first diagnosis, and there are no tiered benefits involved.

Add this cover as an addition to your medical aid

Even if you have medical aid, it’s still important to consider additional coverage with AIG’s critical illness product. Medical expenses and lifestyle adjustments associated with critical illnesses can deplete your savings and strain your existing medical aid benefits.

Their product provides an additional payout on top of any other policies or medical coverage you may have, ensuring comprehensive financial protection in the face of critical illnesses.

The coverage provided by AIG

The plan offers a lump sum payment upon the initial diagnosis of one of the five critical illnesses or a serious contagious disease. However, there’s an initial waiting period of 90 days before the coverage takes effect.

The benefit amount will be paid after you’ve lived with the critical illness or serious contagious disease for 28 days following the initial diagnosis.